Intraday calls performance 29/01/08

To Start with "Market Outlook"
Nifty opened very strong above 5350 and in 30 minutes started loosing strength and even broke 5300 and made a low of 5225, thus protecting strong support of 5200.Expiry effect was clearly visible in todays trading and we can still see high volatility in the next 2 day's.

Stock watch for the day:

Canara Bank: This was given a buy call with support 297 for targets 309 and 316 and the stock opened high at first target 310 and then broke support of 297 and made a low of 275

Following calls were given in yahoo messenger for clients:

Buy Union Bank around 214 stop loss 211.5 and stop loss hit

RCom 643 now...Sell around 645 stop 652....small stop loss and stock made 638 and then hit the stop loss

Short Reliance Energy around 2095 stop 2115 and the stock made 2070

Buy Bank of India at dips near 380 stop 375 and the stock zoomed to 391

Short Reliance Energy around 2140 stop 2152...very small stop loss....less risk and stock came down to hit 2108