Intraday Call performance 12/09/08

Market crash taking nifty straight to major support level

It was selling at opening bell today and nifty took a heavy pounding straight away testing the major support at 4200.Today it was combined effect of heavyweights Reliance Industries, Infosys, Ongc, ICICI Bank and HDFC which was dragging the market down.Global cues were positive today and when good IIP numbers were announced, some buying came in, but couldn't sustain at higher levels again and collapsed later.Nifty closed at 4228, down 61 points from the previous close.The market breadth was negative with advances at 259 against declines of 1003 on the NSE. Nifty gainers included Nalco, Maruti, SAIL and BHEL while losers included Reliance Infrastructure, Infosys, DLF, HDFC, ONGC and ICICI Bank.Market still not able to sustain at higher levels these day's.

Stock watch for the day:

Reliance Infra : This was given a buy call with stop loss 985 for target 1015 and it opened with target and then crashed going below 985

Following calls were given in yahoo messenger for clients:

It was fantastic profits for clients today

Buy Nifty Futures around 4265 with stop loss 4250 for target 4300 and it made 4320....HUGE PROFITS

Buy Bank of India around 282 with stop loss 280.5 and gave cover order around 291-292....HUGE PROFITS

Buy Reliance Capital around 1220 with stop loss 1210 for target 1250-1265 and it made 1264....HUGE PROFITS

Short HDIL at 284 with stop loss 286 for target 278 and it made 281 and then hit the small stop loss

Buy kotak Bank around 594 with stop loss 590 for target 610 and it .made 608....GOOD PROFITS

Short Bank of India around 291 with stop loss 292.5 for target 284 and it made 284.6....GOOD PROFITS

Short Reliance Infra around 985 with stop loss 989 for target 945 and it made 918....HUGE PROFITS