Intraday call performance 18/09/08

Markets closing in green ahead of inflation figures announcement

Nifty once broke 3900, it was direct fall straight to low of 3799 and then heavy short covering came to lift the market to make a high of 4050.Nifty closed at 4038, up 29 points from the previous close.It was massive short covering in the later part of morning session after global banks took measures to improve liquidity in markets.Short covering was seen in banking stocks, which supported markets to end in green.The Asian and European markets also did well.Surprisingly trading volume was huge today.Though The market breadth was negative with advances at 296 against declines of 987 on the NSE. Top Nifty gainers included Suzlon, PNB and RIL while losers included Ranbaxy, Unitech and DLF.

Following calls were given in yahoo messenger for clients:

Short Nifty Futures at 3895 with stop loss 3915 for target 3875 and made 3875.5

Short Nifty Futures around 4000 with stop loss 4020 and it hit the stop loss

Short Nifty Futures around 4025 with stop loss 4045 for target 3990 and it made 4012 and then hit the stop loss

Buy SBI around 1480 with stop loss 1465 for target 1500-1530 and and gave exit call at 1530....SUPER DUPER PROFIT

Buy Kotak Bank around 526 with stop loss 520 for target 545-570 and gave exit call at 570....SUPER DUPER PROFIT

Short Bank of India at 264 with stop 265.5 for target 258 and gave cover order at 265

Short Suzlon around 191 with stop loss 194 and it made just 189.8 and then hit the stop loss

Short Reliance Infra at 795 with stop loss 802 for target 770 and it made 788 and then hit the stop loss

Short DLF around 400 with stop loss 404 for target 390 and it made 391.5....GOOD PROFIT