Intraday calls performance 28/01/08

To Start with "Market Outlook"
Today nifty broke strong support at 5350 and started falling as told here and made a low of 5072 and at the end recovered some points to close at 5274.Now 5350 range will be again a resistance and above that buyng will emerge.

Stock watch for the day:

RCom: This was given a buy call above 652 and clearly told below 650 it is not a buy and today because of market pressure, it broke 650 and went down to make a low of 614.

Following calls were given in yahoo messenger for clients:

Buy EKC at 288 stop 284 and stock went upto 291 and when it came down to 288 told to exit

Short Bajaj Hindustan around 204 with stop 207 and stock made a low of 196.5

Short CESC AT 491 with stop 494...very small stop loss and stock made a low of 487 and then hit stop loss

Buy Bank of India at around 389 stop 387 and when the stock zoomed to 399 told to come out