Intraday Call performance 22/11/07

22/11/07

Again it was a very volatile day today and as expected and told in "Market Outlook".Nifty broke 5470 support and made a low of 5390 level and then recovered and closed around 5600 level.

To Start with "Market Outlook"- "Market Watch Section"

Infosys: This was a clear sell call given below 1560 for target of 1520 and as told, infosys did make a low of 1517

Following calls given in yahoo messenger for clients:

Short Reliance Capital at 2190 stop 2212 and stop loss hit and minor loss

Short Century Textiles at 1080 stop 1085 and fell to 1070 and hit stop loss...small loss

Short Infosys at 1550 stop 1560...and stock made a low of 1517 till now

Short Reliance Capital at 2240 stop 2256 and the stock fell to 2155 and told to come out..big profit

Short Everon Systems at 472 with stop 480 and stock fell from 468 and made low of 460 and first target given was 455

Short Reliance Capital 2265 stop 2295 and stock fell to 2250 and then came up to the hit stop loss

Market outlook for 22nd November

22/11/07

Market Outlook

Just look at yesterday's "Market Outlook" and see what i said and now on downside 5470 will be last and strong support and if held will move upwards and this time all chances of breaking 5470 is high and if breaks, then in coming day's nifty will move towards 5200 level.For today, on upper side, first resistance will come around 5630 and if gest past, then 5660 will be strong resistance and higher level selling is expected again.Watch out for the opening.

Stock watch for the day:

Infosys Technology: This stock is at crucial level and if stays below 1560, it will definitely test 1530-1520 level today itself.On upperside, above 1560 there might be some recovery upto 1585 level and above that strong resistance will be at 1610