Intraday call performance 14/01/08

To Start with "Market Outlook"- "Market Watch Section"
Nifty as expected found strong resistance around 6250 leevl and made a high of 6244 and then came down to test my support level at 6170 as it made a low of 6172.Even then nifty moved above 6200 again at the closing time to place it in very interesting position again now.

Stock watch for the day:

LITL: This was a clear sell call below 800 for target of 750 and the stock came down crashing from its high of 784 to make a low of 756

Following calls were given in yahoo messenger for clients:

All my clients enjoyed today's beautiful calls which gave super duper profits

Buy Bata India around 246 stop 242 and stock made 272

Buy Triveni Engeneering around 161 stop 159 for target 168 and stock zoomed to 173

Buy RCom around 802 with stop 794 and stock made 811

Buy HDFC Bank at around 1810 stop 1804...small stop loss and the stock moved to 1816 and then hit the stop loss

Market Outlook 14/01/08

NIfty started recovering from its losses and now 6220 is trend and above 6220 it might make a big move towards 6250-6260 level.On downside, if nifty is not able to trade above 6220, then supports are at 6170 and below that straight strong support is only at 6110.If nifty opens gap up, selling might also emerge from higher levels.Anyways, volatility will continue and thus providing some good day's for intraday players.

Stock watch for the day:

LITL (771): This stock is continuously facing selling at higher levels and for today if doesn't cross 800, sell it again with stop loss 800 for lower side target of 750