Intraday Call Performance 29/10/08

Profit booking in the market and still closing positive

Market opened up with gap up and struggled around 2740 as nifty couldn't sustain above 2740 and came down to make a low of 2632 and then again went up above 2700.Volatility was there in the market today also as market was facing pressure at higher ends.Nifty closed at 2697, up 12 points. Metal, oil & gas stocks and few technology stocks saw good buying coming in, whereas realty, pharma and FMCG stocks witnessed selling pressure.Top Sensex gainers include Hindalco, Mahindra & Mahindra, Wipro and ACC, while losers are Reliance Communications, Ranbaxy, DLF and Satyam Computer, among others.Among the frontliners, Suzlon Energy fell 75% and Reliance Industries tanked 40%. Tata Motors and Tata Steel plunged 60% each.Volumes increased due to F&O expiry.Market breadth was in favour of declines; about 1324 shares have advanced while 1637 shares have declined. Nearly 229 shares remained unchanged.On the global front, Asian markets ended mixed.European markets were trading higher.

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 2710 with stop loss 2690 and stop loss hit

Short Nifty Futures around 2720 with stop loss 2742 for target 2670 and it made 2685....VERY GOOD PROFIT

Buy SBI around 1138 with stop loss 1133 and it made just 1149 and then stop loss hit

Short HDIL around 138 with stop loss 141.2 for target 132 and it just made 134

Short Reliance Industries around 1182 with stop loss 1195 and it made just 1169

Buy Bank of India around 218 with stop loss 215.6 for target 226-230 and it made 228.5....VERY GOOD PROFIT

Short India Bulls Real Estate around 120 with stop loss 121.2 for target 115 and it made 115.3....VERY GOOD PROFIT

Short Reliance Industries around 1190 with stop loss 1198 and it made 1183 and then hit the stop loss