Intraday call performance 02/01/08

To Start with "Market Outlook"- "Market Watch Section"
Interesting movements were seen in nifty as it tested both - strongest support at 6060 and also strong resistance at 6200 as it made a high of 6197.FII's participation was clearly visible today and allround buying was seen in the later half of trading.Although nifty opened in negative mode, it then recovered fast and closed in green

Stock watch for the day:

RCOM:This was given a sell call below 750 for target 735-730 and the stock made a low of 722 and closed at 732

Following calls were given in yahoo messenger for clients:

Huge profits day for all my clients today

Buy Dena Bank around 94 stop 93 and stock zoomed to 97.3...A very good profit

Buy Bank of India around 374 stop 368 and the stock zoomed to 391 ...Great Profit

Buy Soba Developers around 914 stop 905 and stock made 924 and then when it came down to 917 told to come out for those hasn't exited in profit.

Buy EKC at 348 stop 344 and the stock zoomed to 382....Great Profit

Short Bajaj Hindustan at around 288 stop 290 and stock came down to 286 and told to cover between 286-287

Marketoutlook 02/01/08

Nifty moved in a narrow range but clearly on upper side yesterday and till 6110 is saved upward movement will continue and now it is struggling to reach 6200 from here on.Yesterday nifty made a low of 6110 just in support.It will be interesting to see whether it can test this support 6110 again today.Yesterday DOW also closed 101 points down and seeing this, i think reaching 6200 will be a tough task even today also.Moving on upper side, 6180 will be tough resistance for today and downside if 6110 is broken convincingly it might fall to 6080 support area.Still traders have not been participating in full strength.

Stock watch for the day:

RCom (739): This stock is facing resistance around 750 range continuously and for today one can sell it around 750 with stop at 760 for target 735-730