Intraday call performance 26/12/07

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

Today market started on a positive note and faced first selling near 6050 and came down to 6020 range and then again recovered fast to zoom past 6070 resistance and made a high of 6085 and now near final ressitance at 6110 which is to be watched for tomorrow.

Stock watch for the day:

RCom-This was given a buy call above 730 for target 745-760 and stock made a high of 748

Following calls were given in yahoo messenger for clients:

Today clients were alerted to book profits whenever they get as market was very voaltile

Buy Hindustan Constructions around 198 stop 196 and stock zoomed to 210.7

Buy Bharti around 978 stop 972...small stop loss...and stop loss hit

Buy Jet Airways at around 978 stop 972 and zoomed to 1010

Market outlook for 26/12/07

Nifty making violent moves in between the big holiday's and as seen trading volume is low and this volume will pick up again after 1st january.Today market will be volatile again as expiry is also tomorrow.Now, watch out for opening today and higher level opening might induce selling again and till nifty clears 6110, it is sell on raise.On downside, below 5920 the major support lies at 5840.Buy on dips till 5840 is held and Sell on raise till 6110 is not crossed.So, for today watch out for 5840 on downside and 6070 on upper side and then 6110 stiff ressitance

Stock watch for the day:

RCom (726.85): Buy this stock above 730 for targets 745-760.Below 730, it will hit 720-708 again.