Intraday call performance 03/01/08

To Start with "Market Outlook"- "Market Watch Section"
Nifty opened on a strong note even though there was negative global cues and made a high of 6230.There was some selling coming at higher level but power os selling was not much.Atlast nifty still closed in the same range as yesterday's closing

Stock watch for the day:

G.E.Shipping:This was given a sell call for targets 535-530 and stock opened low at 520 and high of 547 and then closed at 536

Following calls were given in yahoo messenger for clients:

Buy EKC at around 378 with stop 374 and stock zoomed to 382 and the hit the stop loss

Short Aptec around 414 stop 414.5 and stock made 408 and then zoomed to hit the stop loss at 414.5

Buy Bank of India around 383 with stop 379 and stock zoomed to 389

Short Redington around 447 stop 451....small stop loss....so cool and redington came down to 436

Short RNRL around 202 with stop 203.5 and it came down to 198 and the went up to hit the stop loss

Market Outlook 03/01/08

Nifty has moved towards 6200 yesterdaya nd for today 6200 will act as tough resistance again.Crude oil has reached arecord $100 yesterday and Global markets are also showing weekness and DOW closed down more than 200 points.So, indian market might show weekness today.On upper side, 6200 will be tough resistance for todaya nd if able to cross, it might just test 6240 range and below 6200, supports will be at 6140 and 6110.If opens on a week note and supports are held then buying might come later on.

Stock watch for the day:

G.E Shipping (545): This stock has started showing weekness now and one can try shorting at 555 stop 565 for targets 540-535