Intraday call performance 30/09/08

Market closing positive despite global weekness

Today indian market started in bearish mode breaking 3777 and then 3755 and straight towards 3700 as told and made a low of 3715 and then recovery came in which intensified after the sun outage break taking nifty to remarkable high of 3967 breaking all resistances in between after Finance Minister and RBI clarifications on our present banking and financial system.This rally has been led by banking, capital goods, power, realty, telecom and oil stocks.It was a huge short covering rally today.Nifty closed at 3921, up 71 points.Top gainers were ICICI Bank, TCS, HDFC and Bharti Airtel, while losers were Tata Steel, Tata Motors, Ranbaxy and Grasim.

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 3920 with stop loss 3935 and it made just 3912 and then hit the stop loss

Short TCS around 605 with stop loss 609 and the stop loss hit

Short Hindustan Lever around 252 with stop loss 255.2 and it made 247

Short Reliance Infra around 800 with stop loss 811 and it made 792 and then hit the stop loss

Short TCS around 654 with stop loss 660.5 and the small stop loss hit

Short Reliance Industries around 1940 with stop loss 1950 and it hit the stop loss

Short Reliance Infra around 814 with stop loss 820.5 for target 780 and it made 784....GOOD PROFIT