Intraday Call performance 04/09/08

Expected profit booking in the market

After huge buying day before yesterday, market went for profit booking straight away today taking nifty to a low of 4419 and closed at 4447, down 56 points from the previous close. Europe was trading weak and asian market was trading mixed.Today it was Realty, FMCG, oil, metal, capital goods, power and select financial stocks which was in sell mode.Major losers today were ONGC, Unitec ,Sterlite Industries, HDFC Bank, Reliance Industries and ABB. However, gainers are Maruti, Grasim, BPCL, Hindalco, GAIL etc.The market breadth was negative with advances at 572 against declines of 684 on the NSE.On lower side 4380 will act as strong support for nifty in coming day's.

Following calls were given in yahoo messenger for clients:

It was a very good day of profits for clients

Buy Nifty Futures around 4442 with stop loss 4434 and it made just 4452 and then hit the small stop loss

Short Nifty Futures around 4440 with stop loss 4455 and it just made 4431 and then hit the stop loss

Buy Nifty Futures around 4462 with stop loss 4445 for target 4490 and it made 4494

Buy JP Associates around 169 with stop loss 167 for target 174-178 and it made 178

Buy Kotak Bank around 642 with stop loss 636 for target 660 and it made 661

Short Adlabs around 508 with stop loss 514 and it hit the stop loss

Buy Reliance Capital around 1380 with stop loss 1372 for target 1405 and it made 1404

Short Bank of India around 285 with stop loss 288.5 for target 280 and gave exit call at 282

Buy Chambal Fertiliser around 73.7 with stop loss 73 for target 77-79 and it made just 75.25

Buy SBI around 1514 with stop loss 1508 for target 1545 and it made 1547

Buy Reliance Infra above 1024 for target 1040 and it made 1042