Intraday Call Performance 04/11/08

Market closing bullish as expected

Market opened well below yesterday's close and even broke 3000, it recovered well and went above 3000 and as expected faced first resistance at 3080 and was trading in a range struggling to cross crucial resistance at 3080 as given here and then in the late afternoon session, heavy buying came in to lift the market breaking 3080 to make a high of straight 3150.Finance Minister P Chidambaram's meeting today with the heads of PSU banks also had positive effects on the market.He also promised adequate finance will be provided to housing & SME sector. Finance Minister is going to consider Rs 10,000 crore credit line to NHB. RBI will provide enough dollar liquidity to banks. FM aims to have CAR of 12% for all PSU banks.Nifty closed at 3142, up 98 points from the previous close.The market breadth was positive with advances at 930 against declines of 324 on the NSE. Top Nifty gainers included Suzlon, Unitech and DLF while losers included Satyam, TCS and Wipro.Bank and realty stocks led this rally followed by power, capital goods, FMCG and metal stocks.It will be interesting to see the extending of rally here onwards as market needs a breather and nifty has multiple resistances going forward now.

Following calls were given in yahoo messenger for clients:

Fantastic day of huge profits for clients today

Short Nifty Futures around 3030 with stop loss 3055 for target 2990 and when it made 3015, gave cover order

Short Nifty Futures around 3045 with stop loss 3070 and it made 3022....GOOD PROFIT

Buy DLF around 240 with stop loss 236 for target 250-256-270 and it made 300....SUPER DUPER PROFIT

Short HDIL around 135 with stop loss 137.5 for target 130 and it made just 132.9 and then hit the small stop loss

Short Bank of India around 254 with stop loss 256.3 for target 244 and it made just 251 and the hit the small stop loss

Short Infosys around 1355 with stop loss 1362 for target 1330-1300 and it made 1285....SUPER DUPER PROFIT

Short India Bulls Real Estate around 138 with stop loss 139.4 for target 130 and it made 132....GOOD PROFIT

Short SBI around 1285 with stop loss 1292 for target 1260 and it made 1263....VERY GOOD PROFIT

Buy Reliance Capital around 683 with stop loss 678 for target 695-735-750 and it made 750....SUPER DUPER PROFIT