Intraday call performance 09/01/08

To Start with "Market Outlook"- "Market Watch Section"
As told here, nifty never tested 6360 range and made a high of just 6338 and selling took nifty to 6230 on downside just saving 6220 support

Stock watch for the day:

Orchid Chemicals: This was given a short call below 310 for target 295 and as told, stock made a low of 292

Following calls were given in yahoo messenger for clients:

Short JK Cement around 204 stop 206.2 and made 202 and then stop hit

Buy Karnataka Bank around 254 stop 250 and stock zoomed to 267

Short Inox around 211 stop 212.5 and stock came down to 208 and then hit stop at 212.5

Buy Pantaloon around 830 stop 825...small stop loss and stock went upto 838

Short HEG around 512 stop 517 and stock came down to hit 495

Market Outlook 09/01/08

Nifty is very volatile in this range now.For today, if nifty doesn't cross 6360, it will again face selling at higher levels and voaltility will continue for few more day's.Though market breadth looks to be positive, volatility is very high and the trading volume also remained marginally low yesterday.Today watch out for 636o strong resistance on upper side and if doesn't cross watch out for supports at 6240 and 6220.If nifty breaks 6220, selling might be little faster also.So, watch out for 6220-6360 trading range now.If nifty crosses 6360, then it will be only one sided today

Stock watch for the day:

Orchid Chemicals (304): Watch 310 in this stock on upper side and if doesn't cross 310, then it will come down to hit 295 today.Above 310, it will move up again.So, only below 310 it is a sell