Archive for December, 2008
INTRADAY CALLS – 31/12/08 – VIJAY
WHEN DATA ON CONSUMER CONFIDENCE (OR THE LACK OF IT?) WHICH Â DROPPED TO
MORE THAN EXPECTEDÂ TO AN ALL TIME LOW AT 38Â WAS RELEASED DOW FELL TO THE
LOWEST LEVELS OF THE DAYÂ AND RECOVERED SMARTLY TO THE DAY`S HIGH OF 8675,
AND CLOSED AT 8668 GAININGÂ 184 POINTS ON ANOTHER LOW VOLUMES DAY.
ACCORDING TOÂ S&P/CASE-SHILLER COMPOSITE INDEXÂ FOR OCTOBER, HOME PRICES
WERE DOWN 18% YEAR OVER YEAR. FINANCIALS SAVED THE DAY FOR DOW JONES.
MOST OF THE ASIAN MARKETS ARE CLOSED FOR YEAR END.
NIFTY FUTURESÂ YESTERDAY OPENED AT 2949, FELL TO A LOW OF 2903 RALLIED TO 3012
AND CLOSED AT 2975Â GAINING 38 POINTS.
DO NOT AVOID SL AND HEDGING IS THE ONLY WAY TO SUSTAIN THE VOLATILE
MARKET.HAVE A PROFITABLE DAY. REPLIES AT THIS COLUMN OR AT
NOTE:Â SURE SHOT CALLS ARE GIVEN BY DSTREETDIRECT UNTIL WE START OUR CALLS.
NIFTY FUTURE SUPP LEVELS 2900,2820 RESISTANCE LEVELS 3045,3135. NIFTY
FUTURE MAY OPEN HIGHER ON U.S. GAINS AND MAY STAY POSITIVE FOR THE
DAY . HOWEVER WE ADVISE BOOKING PROIFTS AT RESISTANCE LEVELS.
QUARTERLY RESULTS MAY IMPACT THE MARKETS IN THE COMING WEEKS.
INTRADAY CALLS – 30/12/08 – VIJAY
NIKKEI ENDS THE YEAR WITH 42 PERCENT LOSS
IT WAS ANOTHER LACKLUSTRE DAY BEFORE THE YEAR END FOR THE DOW. WITH NO
ECONOMIC NEWS FOR THE DAY DOW OPENED FLAT AND WENT DOWN TO THE LOW OF
8364 LOSING 151 POINTS FROM THE PREVIOUS CLOSE AND RECOVERED MOST OF
LOSS ON THE STRENGTH OF ENERGY SECTOR AND CLOSED AT 8483 WITH A LOSS OF
31 POINTS ON POOR VOLUMES. CRUDE HARDENED ABOVE $40 ON MIDDLE EAST CRISIS.
NIKKEI GAINED 112 POINTS IN A HALF DAY SESSION AND ENDED THE YEAR WITH
OVER 42 PERCENT LOSS.
NIFTY FUTURE YESTERDAY OPENED AT 2862 AND WENT DOWN TO THE LOW OF 2817 AND
RECOVERED SHARPLY LATR IN THE DAY TO THE HIGH OF 2951 AND CLOSED AT 2937
GAININGÂ 71 POINTS.
DO NOT AVOID SL AND HEDGING IS THE ONLY WAY TO SUSTAIN THE VOLATILE
MARKET.HAVE A PROFITABLE DAY. REPLIES AT THIS COLUMN OR AT
NOTE:Â SURE SHOT CALLS ARE GIVEN BY DSTREETDIRECT UNTIL WE START OUR CALLS.
NIFTY FUTURE SUPP LEVELSÂ 2820,2801 RESISTANCE LEVELSÂ 2959,2996,3045.
NIFTY FUTURE YESTERDAY RECOVERED EXACTLY FROM OUR SUPP LEVEL AND
ENDED NEAR THE RESISTANCE LEVEL GIVEN BY US. NIFTY FUTURE MAY FIND SOME
RESISTANCE AROUND 3000 LEVELS AND MAY GAIN SOME STRENGTH ON A
CLOSE ABOVE 3050. SECOND STIMULUS PACKAGE WHICH IS EXPECTED BEFORE
THE WEEK END KEEPS THE MARKET FLOATING. HOWEVER, NEW YEAR MAY
BRING MORE VOLATILITY.
INTRADAY CALLS – 29/12/08 – VIJAY
MARKETS GRASP FOR POSITIVE NEWS
DOW SEEMS TO BE QUIET AT THE FAG END OF THE EXTRAORDINARY YEAR NOT ONLY
BECAUSE OF VACATIONS, BUT BECAUSE OF INVESTORS AND TRADERS APATHY
TOWARDS THE MARKET. DOW ON FRIDAY WAS IN A NARROW RANGEÂ BETWEEN 8461
AND 8533 AND CLOSED AT 8515 GAINING 47 POINTS ON VERY LOW VOLUMES. GM
GAINED NEARLY 13 PERCENT ON THE NEWS OF ITS FINANCIAL ARMÂ GMAC BECOMING
A BANKING HOLDING COMPANY. HOLIDAY SHOPPING SEASON 2008, WAS THE WEAKEST
IN RECENT YEARS FOR MOST OF THE RETAILERS EXCEPT AMAZON.COM. WITH KUWAIT
TURNING ITS BACK ON DOW CHEMICALS FROM THE $17.4 BILLION VENTURE,
THE SENTIMENTS ARE NOT PINK FOR THE COMING DAY. CRUDE GAINS ON ISRAEL STRIKES .
NIKEEI IS DOWN BYÂ 70 POINTS AT THIS TIME AFTER OPENING POSITIVELY.
NIFTY FUTURE ON THE OPENING DAY OF JANUARY SETTLEMENT WAS A LOSER AS SAID
BY US ON FRIDAY . NIFTY FUTURE OPENED HIGHER ON FRIDAY AT 2974 AND STARTED
FALLINGÂ TILL THE END TO THE LOW OF 2856 AND CLOSED AT 2866.
DO NOT AVOID SL AND HEDGING IS THE ONLY WAY TO SUSTAIN THE VOLATILE
MARKET.HAVE A PROFITABLE DAY. REPLIES AT THIS COLUMN OR AT
NOTE:Â SURE SHOT CALLS ARE GIVEN BY DSTREETDIRECT UNTIL WE START OUR CALLS.
NIFTY FUTURE SUPP LEVELSÂ 2820, 2801,2776 RESISTANCE LEVELSÂ 2959,2996,3045. WE
ADVISED NO LONGS BELOWÂ 2910 ON FRIDAY. AS EXPECTED BY US THE NIFTY FUTURE
WAS WEAK ON THE OPENING DAY OF THE SETTLEMENT AND MAY OPEN LITTLE
LOWER TODAY. AVOID LONG IF NIFTY TRADES BELOW 2800 FOR THE DAY.
TENSION WITH PAKISTAN, ISRAEL STRIKES AND CORPORTE RESULTSÂ ARE SOME
NEWS WHICH MAY KEEP THE MARKET VOLATILE IN THE COMING DAYS.. A CLOSE
ABOVEÂ 3045 MAYÂ IMPART SOME STRENGTH TO THE MARKETS.
INTRADAY CALLS – 26/12/08 – VIJAY
MARKETS SUBDUED AHEAD OF YEAR END
IN THE SHORTENED SESSION AHEAD OF CHRISTMAS DOW MANAGAED TO STAY IN THE
POSITIVE ZONE THROUGH OUT THE DAY AND WAS RANGE BOUND BETWEENÂ 8416
AND 8498 AND CLOSED’AT 8468 GAINING 48 POINTS ON VERY LOW VOLUMES. AFTER
THE AUTO MAJORS IT IS NOW THE TURN OF RETAILERS TO SEEK SOP FROM THE
GOVERNMENT ON TOP OF A LACKLUSTRE FESTIVE SEASON. JOBLESS CLAIMS FOR THE
WEEK ENDING DEC 20 WAS HIGHER THAN THEÂ CONSENSUS ESTIMATE AT 586000
REFLECTS WEAK LABOR MARKET CONDITIONS. CRUDE IS TRADINGÂ LOWER AROUND
$36. AS MOST OFÂ THE WORLD MARKETS ARE CLOSED TILL WEEK END,
NIKKEI IS TRADING UP BY 84 POINTS AS OF NOW.
NIFTY DECEMBER FUTUREÂ OPENED LOWER AT 2961 AND WITH DAY`S HIGH AT 2964 WAS
TRADING BELOW THE PREVIOUS DAY` CLOSE THROUGH OUT ON THE SETTLEMENT DAY AND
CLOSED AT 2917, BUT NOT BEFORE FALLING TO THE DAY`S LOW OF 2904, NETTING A LOSS OF
57 POINTS FOR THE DAY. THE ACTIVE RANGE OF THE PREVIOUS SETTLEMENT WASÂ 588
POINTS BETWEEN 2530 AND 3118, WHICH WAS LESS VOLATILE THAN THE EARLIER
SETTLEMENT.
DO NOT AVOID SL AND HEDGING IS THE ONLY WAY TO SUSTAIN THE VOLATILE
MARKET.HAVE A PROFITABLE DAY. REPLIES AT THIS COLUMN OR AT
NIFTY FUTURE SUPP LEVELS 2920,2820 RESIST 2996, 3045. NIFTY FUTURE MAY OPEN
NEAR FLAT LEVELS. AVOID LONG FOR THE DAY IF NIFTY TRADES BELOW 2910 FOR THE DAY.
WITH QUARTERLY RESULTS AHEAD WE SEE SOME VOLATILITY IN THE MARKET IN THE
FIRST WEEK OF JANUARY. NIFTY FUTURE MAY STRUGGLE AT THE RESISTANCE LEVELS
GIVEN ABOVE. AS OF NOW THE OUT LOOK FOR NIFTY FUTURE IS WEAK AND WE MAY SEE
LOWER LEVELS. ANY INDICATION OF REVERSAL WILL BE ADVISED S AND WHEN IT HAPPENS.
NOTE:Â SURE SHOT CALLS ARE GIVEN BY DSTREETDIRECT UNTIL WE START OUR CALLS.
INTRADAY CALLS – 24/12/08 – VIJAY
MERRY CHRISTMAS
SANTA CLAUSÂ MUST BE SLEDGING DOWN THE VALLEY AWAY FROM THE WALL ST AND
THE MAIN STREET AS WELL, AS DOW JONES SLIDES FOR THE FIFTH DAY AND ANY
HOPE OF A YEAR END RALLY BURIED UNDER THE SHEET OF SNOW WITH FIVE
CONTINUOUS LOSSES AND THEÂ WHIMSICAL YEAR THAT BEGAN SO WELL ENDS
IN A WHIMPER.
DOW OPENED AND WENT UP TO THE DAY`S HIGH OF8604 GAINING 85 POINTS FROM THE
PREVIOUS CLOSE, BUTÂ FAILEDÂ TO SUSTAIN THOSE LEVELS AND FELL TO THE LOW OF
8391 AND CLOSEDAT 8419 WITH MINIMUM THREE DIGIT LOSS ON LOW VOLUMES.
FINANCIALS WERE DOWN BY NEARLY TWO PERCENT. THE DATA ON NEW HOME SALES
AND EXISTING HOME SALES WHICHÂ DECLINED 2.9% AND 8.6% TO MULTIYEAR LOWS CUT
SHORT ANYÂ POSSIBLE RALLY. ASIAN MARKETS ARE NO BETTER AND ARE TRADING AT
LOSS WITH NIKKEI DOWN BYÂ 207 POINTS AT THIS TIME.
NIFTY DECEMBER FUTUREÂ OPENED LOWER AT 3032 AND CONTINUED ITS FALL TO THE DAYS
LOW OF 2960 AND CLOSED NEAR AT 2974 LOSING 75 POINTS.
DO NOT AVOID SL AND HEDGING IS THE ONLY WAY TO SUSTAIN THE VOLATILE
MARKET.HAVE A PROFITABLE DAY. REPLIES AT THIS COLUMN OR AT
NIFTY FUTURE SUPP LEVELS 2950, 2930,2820 RESIST 3039,3112,3155. NIFTY FUTURE
MAY OPEN LOWER AND STAY RANGE BOUNDÂ ON THE SETTLEMENT DAY AND
THE MOVEMENTS WILL BE STOCK SPECIFIC. AS WE HAVE BEEN SAYING WE ARE
YET TO SEE A STRONG BOTTOM AND HENCE KEEP BOOKING PROFITS AT
HIGHER LEVELS. AVOID LONG BELOW 2930 FOR THE DAY.
NOTE:Â SURE SHOT CALLS ARE GIVEN BY DSTREETDIRECT UNTIL WE START OUR CALLS.
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