Intraday call performance 11/01/08

To Start with "Market Outlook"- "Market Watch Section"
In the whole day nifty struggled to cross 6220 resistance and made a low of 6112 and in teh end nifty just crossed 6220 and closed at 6200.Now this has given some more interest to monday's opening as crossover 6220 will again see buying now.

Stock watch for the day:

United Phosphorous:This wa sgiven a buy call above 400 and the stock high was 410 and a clear sell call below 398 and stock made a low of 376 on break of 398

Bank Of baroda: This was again a sell call around 455 for a target of 430 and stock made a low of 435

Following calls were given in yahoo messenger for clients:

Short Bank of Baroda at 444 stop 451 and the stock fell to 436

Short RNRL at 203 stop 206 made 197

Short IDFC around 212 with stop loss 216 and the stock fell to 206

Market Outlook 11/01/08

Nifty closed in red yesterday and today being the inofsys result, market will be volatile again and if nifty crosses 6220 in this process, buying will emerge again and below 6220 nifty will remain week only.Today is also last day of the week and with all these factors, nifty will be volatile today.Below 6220, nifty will fall upto 6160 and then 6070 is the last final strong support

Stock watch for the day:

United Phosphorous (407): Watch this stock and if remains above 398, it will move to 420 today and below 398 will turn week

Bank of Baroda (444): Some buying may come above 440 and might move towards 450-455 and once it breaks 440, it will slide towards 430 range