Intraday Call performance 01/07/08

Market in deep red again....!

Though nifty was trading above 4000 in the morning session, buying interest was not there and as told here, once it broke 4000 huge support, it was selling aggressively that took nifty straight to make a low of 3878 and again closing was very weak below 3900 range.Market breadth was extremely weak .Manipulators seems to be hell bent on taking nifty more downwards now as they took crude to record high's.Huge sell off in European markets fueled to negative sentiments.ICICI Bank, Reliance Industries, Reliance Communication, Relaince Capital, HDFC, SBI, DLF,ONGC were all pulling the market down today.

Stock watch for the day:

Axis Bank: This was given a buy call with stop loss 585 for taregt 620 and the stock just made 610

Following calls were given in yahoo messenger for clients:

It was a good day of trading for my clients

Buy Nifty Futures around 3940 with stop 3930 and it made 3966

Short LITL around 283 with stop 285 and it made 276 and then hit the small stop loss

Short Reliance Capital around 930 with stop 940 and it made 865

Short Siemens around 377 with stop 381 and it made 362

Buy LITL at 289 with stop 286.7 and it made just 292 and hit the small stop loss