Intraday call performance 16/01/08

To Start with "Market Outlook"- "Market Watch Section"
Nifty broke its short time support at 6100 yesterday and then came crashing down and today it continued its weekness and never even touched 6100 and merely crashed and lost around 250 points as it made a low of 5825 and closed at 5936

Stock watch for the day:

LITL :This was given a buy call only above 800 for target 825 but stock never reached 800 and once it broke its suport at 785 it came crashing down to 700 level.

Following calls were given in yahoo messenger for clients:

It was a good trading day for my clients in this voaltile market

Take a small risk and Buy LITL around 763 with stop 759 and stock hit the stop loss and minor loss

Buy Bata around 246 stop 243 and when the stock made 250, gave a call to come out.

Short Essar Oil around 304 stop 307 and the stock came crashing down to make a low of 285

Short BPCL around 455 stop 459...small stop loss and stock made 452 and then hit stop loss

Short IDFC around 221 with stop 224 and the stock came down to make 212.7

Short Bajaj Hindustan around 316 WITH stop 320 and the stock came down to make a low of 303.5