Intraday Call performance 02/07/08

Huge recovery from lows..!!

Though nifty trading low for first 2 hours of trade and made a low of 3848 and then gained tremendous momentum suddenly to lift the market to a whopping 260 points gain making high of 4108 and closing positive around 4100.Whetehr this upmove is a fake one or real buying will be known in 2-3 days and as of now buying has come very strongly from low's.Stocks like RIL, Infosys, HDFC, ICICI Bank, ONGC, DLF contributed more to this upmove and over that European markets also played very positive adding to the positive sentiments of the market.

Stock watch for the day:

Nalco: This was given a buy call with stop loss 342 for target 360 and it made a high of 357

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 3875 with stop 3900 and it made just 3860 and then stop loss hit

Short SBI around 1040 a with stop 1055 and it made 1021 and thenw ent up to hit the stop loss

Short Bank of India around 198 with stop 203 and it hit the stop loss

Short JSW Steel at around 800 with stop 815 for target 750 and it made 758....HUGE PROFIT

Short Siemens around 375 with stop 379 for 365 and it made just 368 and then zoomed to hit the stop loss