Intraday call performance 10/01/08

To Start with "Market Outlook"- "Market Watch Section"
Today nifty started with up movement and couldn't cross the tough resistance at 6360 and faced selling staright away and even broke strong support at 6220 and made a low of 6143.Now onwards 6220 might act as a stough resistance on upper side

Stock watch for the day:

NIIT Technologies:This was given a short call at 234 with stop 238 for a target of 225 and stock made a low of 221
Following calls were given in yahoo messenger for clients:

Short NIIT Technolgies around 235 stop 236.2 and stock made 232.2 and told to cover around 233 when it went up again

Buy NTPC around 278 stop 274 for targets 288-292 and it made 282 and told to come out around 278

Buy Bajaj Hindustan around 380 stop 375 for target 395 and zoomed to 399

Buy Pantaloon around 828 stop 820 and stock zoomed to 838

Short JK cement around 209 stop loss 210.2 for first target 205....small stop loss... and stock fell to 207 and stop hit

Buy Bank of India around 395 stop 389 and stock zoomed to 404

Sell SBI around 2495 stop 2506 and stock came down to 2378

Market Outlook 10/01/08

Nifty is continuing its volatility and still below strong resistance at 6360 and more over the advance decline ratio is in favor of bears.Nifty is facing continuous selling at higher levels.Today, again buying will come but nifty will show its total bullishness only above 6360 level.Watch out for level 6220-6360 today.First resistance wil come at 6230 for nifty and if doesn't get past, will slide.On downside, supports are at 6230-6220 level.

Stock watch for the day:

NIIT Technologies (231): This stock is facing continuous pressure on upper side.Sell this stock around 234 stop 238 for target 225