Intraday call performance 21/10/08

Market closing higher as expected

Market started moving up at the opning bell and halted around 3180 and came down again to break above 3200, but again couldn't cross the crucial resistance of 3240 and came down heavily to a low of 3160 area and then moved up to break above 3240 and then closed at 3234, up 112 points from the previous close.HUge buying was seen in realty, technology, capital goods, power, oil, telecom, FMCG and banking.Reliance Industries was very positive today helping the idnex to move up.It was a very good day for indian market.The Asian and Europian markets also were trading positive today.The market breadth was positive with advances at 916 against declines of 343 on the NSE. Top Nifty gainers included TCS, Reliance Communications and Tata Steel while losers included Idea, Sun Pharma and Hindalco.

Stock watch of the day:

RCom: This was given a buy call with stop loss 225 for target 255 and it made a high of 263

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 3220 with stop loss 3240 for target 3160 and gave cover order at 3200

Short Nifty Futures around 3250 with stop loss 3264 for target 3200-3175 and when it made 3175, gave cover call....SUPER DUPER PROFIT

Short India Info around 53 with stop loss 53.5 for target 51 and it made 51.80....GOOD PROFIT

Short SBI around 1470 with stop loss 1481 for target 1445-1420 and it made 1481.6 and then down to 1445....sheer bad luck

Buy Reliance around 1380 with stop loss 1365 for target 1405-1425 and it made exact 1425....VERY GOOD PROFIT

Buy SBI around 1475 with stop loss 1465 for target 1500-1535 and it hit the stop loss

Short BHEL around 1143 with stop loss 1147 for target 1120 and it made 1112........VERY GOOD PROFIT

Buy SBI if breaks 1480 for target 1500-1535 and it made 1505....GOOD PROFIT