Intraday Call performance 14/10/08

Market witness profit booking in the last hour

It was a fantastic gap up opening today due to the positive global cues which took nifty to a high of 3648.Buying was seen in technology, pharma, realty, capital goods, few banking and telecom stocks.The Asian markets closed mixed while European markets held firm.In the afternoon session nifty started sliding below 3600 and then never even touched 3600 for the whole day.Volatility was also seen today and nifty was struggling at all higher levels.After seeing severe profit booking in the last hour, Nifty closed at 3518, up 27 points from the previous close.The market breadth was positive with advances at 926 against declines of 352 on the NSE. Top Nifty gainers included Tata Communication, Sun Pharma and Satyam while losers included SAIL, Reliance Communication and ONGC.Still market is looking goood and if global cues remain positive, it will move up again.

Stock watch for the day:

Reliance Capital :This was given a buy call with stop loss 790 for target 860 and it made a high of 939....HUGE PROFIT

Following calls were given in yahoo messenger for clients:

It was a very good profit day for all my clients

Buy Nifty Futures around around 3635 with stop loss 3620 for target 3665 and it made 3664....GOOD PROFIT

Buy Nifty Futures again around 3615 with stop loss 3600 and it made 3630

Buy Nifty Futures around 3585 with stop loss 3574 and it just made 3595 and then hit the stop loss

Buy SBI around 1545 with stop loss 1535 for target 1570 and it made 1569....GOOD PROFIT

Buy Reliance Infra around 642 with stop loss 635 and it made 658....GOOD PROFIT

Buy Reliance Capital around 874 with stop loss 868 and it just made 876 and then hit the small stop loss

Buy Kotak Bank at 495 range stop 491 for target 505 and it made 503....GOOD PROFIT

Short DLF around 310 with stop loss 313.2 for target 300 and it made 303....GOOD PROFIT

Short Reliance Infra around 640 with stop loss 645 for target 620 and it made 624....GOOD PROFIT