Archive for December, 2008

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 BETWEEN  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 THE  CONSENSUS ESTIMATE AT 586000

REFLECTS WEAK LABOR MARKET CONDITIONS. CRUDE IS TRADING  LOWER AROUND

$36. AS MOST OF  THE WORLD MARKETS ARE CLOSED TILL WEEK END,

NIKKEI IS TRADING UP BY 84 POINTS AS OF NOW.

NIFTY DECEMBER FUTURE  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 WAS  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

VIJAY.CALLS@YAHOO.CO.IN

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:  SURE SHOT CALLS ARE GIVEN BY DSTREETDIRECT UNTIL WE START OUR CALLS.

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Friday, December 26th, 2008 Intraday Calls 1 Comment

INTRADAY CALLS – 24/12/08 – VIJAY

MERRY CHRISTMAS

SANTA CLAUS  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 THE  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, BUT  FAILED  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 WHICH  DECLINED 2.9% AND 8.6% TO MULTIYEAR LOWS CUT

SHORT ANY  POSSIBLE RALLY. ASIAN MARKETS ARE NO BETTER AND ARE TRADING AT

LOSS WITH NIKKEI DOWN BY  207 POINTS AT THIS TIME.

NIFTY DECEMBER FUTURE  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

VIJAY.CALLS@YAHOO.CO.IN

NIFTY FUTURE SUPP LEVELS 2950, 2930,2820 RESIST 3039,3112,3155. NIFTY FUTURE

MAY OPEN LOWER AND STAY RANGE BOUND  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:  SURE SHOT CALLS ARE GIVEN BY DSTREETDIRECT UNTIL WE START OUR CALLS.

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Wednesday, December 24th, 2008 Intraday Calls No Comments

INTRADAY CALLS – 23/12/08 – VIJAY

GLOBAL OUTLOOK FAR FROM COMFORT LEVEL

DOW JONES WAS IN THE POSITIVE ZONE ONLY IN THE INITIAL MINUTES AND WAS DRAGGED

DOWN BY TOYOTO MOTORS AND OTHER AUTO MAJORS ALONG WITH FINANCIAL SECTOR.

DOW FELL FROM THE OPENING HIGH OF 8601 TO THE LOW OF 8372  IN THE LATE AFTERNOON

AND MANAGED TO  TRIM SOME OF THE LOSSES IN THE FINAL MINUTES TO CLOSE AT 8519

LOSING 59 POINTS FOR THE DAY. LOW VOLUMES AIDED SHARP MOVEMENTS. SNOW STORMS

ADD TO THE WOES OF ALREADY DEPLETING RETAIL SALES AND THE SECTOR`S BEST SESAON

MAY HAVE NOTHING TO CHEER.

ASIAN MARKETS ARE GENERALLY WEAK AND NIKKEI IS CLOSED FOR Emperor’s Birthday.

NIFTY DECEMBER FUTURE OPENED AT 3065 AND WAS IN THE POSITIVE ZONE TILL  LATEAFTER

NOON WITH DAY`S HIGH AT 3118 AND  FELL TO THE LOW 3025 RECOVERED A BIT TO

CLOSE AT 3049.

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 VIJAY.CALLS@YAHOO.CO.IN

NIFTY FUTURE SUPP LEVELS  3027,2950 RESIST 3112,3155. NIFTY FUTURE TOUCHED OUR

SUPPORT LEVEL AND CLOSED AT 3049. AHEAD OF THE SETTLEMENT NIFTY MAY HAVE SOME

SHARP SWINGS.  NIFTY MAY MOVE WITHIN THE RANGE, BUT WILL BE VOLATILE.  OUT LOOK

FOR THE COMING DAYS WILL BE ADVISED LATER.


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Tuesday, December 23rd, 2008 Intraday Calls No Comments

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