Intraday call performance 24/12/08

Market closing weak on expiry day
Market opened weak below 2960 strong support and made a low near 2900 and also due to expiry market closed weak around 2900.Realty and auto stocks saw selling pressure.Nifty closed at 2916, down 51 points from the previous close.The market breadth was negative with advances at 368 against declines of 850 on the NSE.Market mover Reliance Industries was very weak today making a low of 1230 today from yesterday's close of 1259.Today's nift gainers included ICICI Bank, BPCL and Suzlon and losers included Reliance Industries, Unitec, Tata Motors and HCL Technologies.

Following calls were given in yahoo messenger for clients

Short Nifty Futures around 2955 with stop loss 2970 for target 2920 and it made 2917

Short HDIL around 141-142 with stop loss 143.5 for target 136-133-129 and it made 128....SUPER DUPER PROFIT

Short Reliance Capital around 537 with stop loss 544.5 for target 525 and it made 528....GOOD PROFIT

Short ICICI Bank around 435 with stop loss 441.3 for target 415 and it just made 429 and then hit the stop loss

Short DLF around 292 with stop loss 294.5 for target 284 and it made 287....GOOD PROFIT