Intraday call performance 22/09/08

Market closing flat

Though market opened high above 4300, it was just for minutes as it directly fell to 4265 resistance zone as mentioned here and then never recovered from there and fell towards strong support of 4200.Morning session, market was range bound and was trading in a narrow range.Market mover Reliance Industries took the initiative again by dragging the indices down.European markets were marginally down today.Nifty closed at 4223, down 22 points from the previous close.The market breadth was negative with advances at 534 against declines of 709 on the NSE. Top Nifty gainers included ACC, Tata Steel and ITC while losers included Suzlon, L&T and Maruti.

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 4275 with stop loss 4286 and gave cover order at 4220....SUPER PROFIT

Short Bank of India around 288 with stop loss 290.2 and it just made 286 and then hit the small stop loss

Buy Reliance Capital around 1284 with stop loss 1275 and it made 1305....SUPER PROFIT

Short Reliance Infra around 912 with stop loss 917 for taregt 880 and it made 871....SUPER PROFIT

Short ICICI Bank around 624 with stop loss 629 and it hit the small stop loss

Short Suzlon around 210.5 with stop loss 213.2 for taregt 200 and it made 196....SUPER PROFIT