Intraday call performance 24/09/08

Market closed with gains but still bearish

Market had good rally today since morning session,but selling at higher level continued today also.Nifty made a high of 4208 and then came down and closed at 4161, up 34 points from the previous close.The market breadth was positive with advances at 674 against declines of 576 on the NSE. Top Nifty gainers included Sterlite, Nalco and HDFC Bank while losers included Wipro, Unitech and Idea Cellular.Tomorrow's expiry will bring in lot of volatility again and though market gained and closed positive, it is still looking bearish.

Stock watch for the day:

Reliance Capital :This was given a short call below 1250, but this went past 1250 in the morning session itself and then once it broke 1250, it did make 1219 low.

Today no calls were given to clients due to some emergency work