Intraday call performance 29/08/08

Market ending the week in bullish mode

It was a very strong opening for nifty today as well supported by strong global cues and inflation figures which was surprisingly lesser than last time around.Even lower GDP growth didn't effect the bullish market today as front line stocks were all very explosive today.Nifty at 4360, up 146 points from the previous close.The market breadth was positive with advances at 997 against declines of 249 on the NSE. Nifty gainers included PNB, Tata Motors and ICICI Bank while only Cairn India was down.The Asian markets closed firm while European markets were trading mixed.

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 4315 with stop loss 4335 for target 4290 and it made 4283

Short Nifty Futures around 4365 with stop loss 4381 for target 4340 and it made 4337

Short Aban Lloyd around 2070 with stop loss 2084 and it made 2045

Short Reliance Industries around 2120 with stop loss 2135 and later told to cover around 2124

Short SBI around 1375 with stop loss 1382 and small stop loss hit

Short JSW Steel around 770 with stop loss 775.5 for target 755 and it made 756

Short ongc around 1020 with stop loss 1028 and told to cover around 1019

Short Reliance Capital around 1340 with stop loss 1352 and later told to cover around 1338

Short Reliance Capital around 1355 with stop loss 1361 for target 1340 and it made 1344