Intraday call performance 16/09/08

Market closing flat after initial fall

It was gap down opening today and nifty straight away tested strong support as mentioned here at 3900 making a low of 3919.Then later afternoon session saw severe buying whick took nifty to a high of 4090 then closed at 4074, up 2 points from the previous close.The market breadth was negative with advances at 356 against declines of 910 on the NSE. Top Nifty gainers included Tata Communications, BPCL, SBI and PNB while losers included ICICI Bank, Suzlon and Ranbaxy.

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 3995 with stop loss 4012 and told to cover position at 3970

Short Bank of India at 274 with stop loss 276 and it made just 272 and then hit the small stop loss

Short ITC 189.4 with stop loss 190 and it hit the small stop loss

Buy Reliance Infra at 808 with stop 805 and it made 814 and told to cover in profit

Short DLF at 405 stop 412 and it just made 401 and hit the stop

Short Reliance Infra around 810 with stop loss 816 and it made just 803 and then hit the stop loss

Short ICICI at 574 with stop loss 576 and told to cover anyhwere in profit in last hour and it made 568