Intraday call performance 15/01/08

To Start with "Market Outlook"- "Market Watch Section"
Nifty made exactly 4260 my resistance level and then came down crashinga nd once it broke 6170 support level, it was all round selling and major suport at 6100 was also broken and made a low of 6050 level.

Stock watch for the day:

Satyam Computers:This was given a sell call around 410 with stop loss at 410 for target 388 and stock made a high of 405 and then came down to hit 385

Following calls were given in yahoo messenger for clients:

Short Satyam Computers around 403 stop 408 and the stock made a low of 385

Buy Bank of Baroda around 467 stop 463 and stock made 475 and then came down to hit 467

Buy Ansal Properties around 375 stop 369 and it made 378 and told to come out at 375

Short LITL around 776 stop 783 and stock came down to make 760 and told to come out there.

Buy RCom around 790 stop 788 and te stock went upto 803

Market Outlook 15/01/08

Volatile movements are common in these day's and nifty is moving between 6100-6360 range now and any break of this range might give another 100-150 points on upper side or down side.Yesterday nifty closed above 6200 and is in bullish mode for today and again the resistance for today's trading will be at 6250-6260 range.Failure to crossover will induce selling at higher levels again.On downside, nifty has supports at 6170 and 6130.So, enjoy the range and volatility.

Stock watch for the day:

Satyam Computers (399): This stock has fallen to its 52 week low now.Watch this stock and if 410 is not crossed on upper side, sell near that level for lower side target of 388.