Intraday call performance 08/01/08

To Start with "Market Outlook"- "Market Watch Section"
As expected nifty was too bullish once it crossed 6300 and made a high of 6357, but could not sustain above 6350 and came down and made a low of 6222 and closed at 6288.Volatility was too much and it seems that nifty is heading towards 6400 now.

Stock watch for the day:

Maruti: Ths was given a buy call above 950 for taregt 980-985 and the stock could make high of only 970

Following calls were given in yahoo messenger for clients:

Buy Bajaj Hindustan around 354 stop 348 and stock zoomed to 388

Buy RCom around 788 stop 780....small stop loss and stock zoomed to 811

Buy RPL around 249 stop 246...small stop loss and stock zoomed to 253 and told to come out

08/01/08

Nifty was volatile yesterday and again closed at the same level little above day before yesterday's close and below 6300 crucial level.Still, the support levels on downside will be at 6250 and next at 6225 and till these supports are held, it is buy at dips and if 6300 is not broken on upper side, then selling will also emerge from higher level.On the other had, if 6300 is broken, it can extend upto 6350 today.

Stock watch for the day:

Maruti (963): Watch this stock as it is holding on to 950 support very strongly and for today if 950 is not broken its target will be 980-985