Intraday Call Performance 27/10/08

Deep crash and then huge short covering towards the close

It was a very volatile day of trading today as nifty-though opned above 2500, couldn't sustain above it and once it started trading below it went on crashing and made a low of 2253.Then recovery came in last hour of trading with buying coming in telecom, pharma, capital goods, realty, oil & gas and IT stocks pulling the market up above 2500 again and making a high of 2540 and then closed at 2,524, down 59 points from previous close.As expected, volatility was severe this time.As usual, it was Reliance Industries which took the initiative in breaking the market in the morning session.Market breadth was extremely weak throughout the day and about 698 shares have advanced while 2305 shares have declined. About 187 shares remained unchanged.Asian markets also trading very weak today.Top Sensex gainers include Bharti Airtel, Reliance Communications, Reliance Industries, Satyam Computer and TCS, while losers are Mahindra & Mahindra, Tata Motors, Grasim, SBI and Tata Power, among others.In this historical crash of market, there are many stocks which are at very atractive level on long term view.Investors are going on selling beyond imagination and market is definitely oversold also.

Following calls were given in yahoo messenger for clients:

Due to severe volatility, only 2 golden calls were given with super duper profits today

Short Reliance Industries around 1032 with stop loss 1040 for target 1000-985-950 and it made 930....SUPER DUPER PROFIT

Short HDIL around 129 with stop loss 130.2 for target 120-115.5-111 and it made 107....SUPER DUPER PROFIT