Intraday call performance 08/12/08

Market feeling pressure at higher ends..!

As expected, market started bullish and even made a high of 2861, but higher end selling came in again to take nifty towards 2784 at close., up 69 points from the previous close.Though nifty started off very well opening gap up above 2800 and even zoomed to go past 2850, it just couldn't sustain above 2800 and in closing hours came down towards 2770.Top Nifty gainers included DLF, TATA STEEL and CAIRN while losers included BPCL, MAHINDRA & MAHINDRA and SATYAM.

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 2810 stop 2822 for target 2775 and it made 2782....GOOD PROFIT

Short DLF at 220 stop 222.2 for target 214-207 and it made 210....GOOD PROFIT

Short ICICI Bank around 377 stop 383.2 for target 367-359 and it just made 366....GOOD PROFIT