Intraday call performance 29/12/08

Market closing positive after initial weekness

Market started very weak today with nifty staying below 2850 mark for almost till mid-afternoon and then some positive global cues nifty started moving above 2850 to make a high of 2932 and banking, metal , oil and gas stocks helped the index to climb.The market breadth was positive with advances at 679 against declines of 512 on the NSE.Top nifty gainers included Sail, Satyam Computers and Cairn and losers included Tata Power, Maruti and Tata Motors.

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 2845-2855 with strict stop loss of 2870 for target 2810 and it made 2817....Good Profit

Buy DLF around 264-265 for target 275 and it made 274....Super Profit

Short Tata Steel around 207 with stop loss 209.5 for target 200 and it made 203....Good Profit

Short SBI around 1223 with stop loss 1238 for target 1200-1185 and it made 1210 and then hit the stop loss

Short ICICI around 424 with stop loss 428 for target 415 and it made 416.9....Good Profit

Short Tisco around 216 with stop loss 218.2 for target 210 and it made 211.8....Good Profit