Intraday call performance 23/09/08

Market crash below 4200 as expected !

Though market opened weak below 4200, it made a smart recovery to take nifty above 4200 in the morning session, but again faltered at higher levels to fall to make a low of 4118 and then close at 4126, down 96 points from the previous close due to global weekness and crude spike.European and Asian markets were also trading low.Huge selling was seen in realty, banking, technology, capital goods, telecom, metal and power stocks.The market breadth was negative with advances at 235 against declines of 1023 on the NSE. Top Nifty gainers included Sun Pharma, Nalco, BPCL and Cairn while losers included Ranbaxy, Satyam, TCS and DLF.Expiry volatility was witnessed today as expected.

Following calls were given in yahoo messenger for clients:

Day was too good for all my clients

Short Nifty Futures around 4210 with stop loss 4220 and small stop loss hit

Short Nifty Futures around 4210 stop 4224 for target 4180-4150 and gave cover order exactly at 4150....HUGE PROFIT

Short Reliance Capital around 1252 with stop loss 1260 and it hit the stop loss

Short Punjab LLoyd around 301 with stop loss 303.2 and it hit the small stop loss

Buy Kotak Bank around 611 with stop loss 606 for target 625 and it made 621....GOOD PROFIT

Short Reliance Infra around 872 with stop loss 880.5 and it hit the small stop loss

Short Suzlon around 203 with stop loss 205.5 for target 195 and it made 192.7....HUGE PROFIT

Short Reliance Infra around 890 with stop loss 902 for target 855 and it made 859....HUGE PROFIT

Short Bank of India around 286 with stop loss 288.5 for target 278 and it made 278.4....HUGE PROFIT

Short DLF around 403 with stop loss 405.5 for target 394 and it made 392.5....HUGE PROFIT

Short TCS at 763 with stop loss 768 for target 750-730 and it made 715....HUGE PROFIT