Market closing flat with no direction..!
Though market opened above 4000 and was trading in a small range, it recovered later and even made a high of 4118 and then at the final hours of trading lost all the gains and closed again around yesterday's closing.Today Ambani brothers meeting Sonia Gandhi bought some moves in R-Group stocks which were trading low.Stocks like Infosys, TCS, BHEL, Satyam, Bharti Airtel, ITC, HDFC were all trading negative while Reliance Ind, ONGC, SBI, Tata Steel, L&T were all positive today.It seems that indian market will move little up and more down till the government comes out in clear numbers to prove the majority .
Stock watch for the day:
BHEL: This was given a short call with stop loss 1560 for target 1480 and it made low of 1460
Following calls were given in yahoo messenger for clients:
Good trading day for my clients today
Short Nifty Futures around 4030 with stop 4050 and it made just 4023 and then stop loss hit
Short Nifty Futures around 4065 with stop 4090 and it made 4028
Short Reliance Capital around 1035 with stop 1056 and it made just 1028 and then stop loss hit
Short Suzlon around 207 with stop 212.5 made 195....superb profit
Short Kotak around 505 with stop 511.5 and it made 491....very good profit
Short Vijaya Bank at 34.5 with stop 34.85 and it made 33.70....good profit
Short ONGC around 890 with stop 896 for target 878 and it made 882...just 4 short of my first target
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