Intraday call performance 24/01/08

To Start with "Market Outlook"- "Market Watch Section"
Nifty was very positive today and even made a high of 5357 just breaking strong resistance of 5350, but couldn't sustain above 5350 and came down crashing breaking 5200 first and then strong support at 5100 was also broken and then nifty directly made a low of 4995 again and closing just above 5000.Volatility was too much as expected.

Stock watch for the day:

Inox: This was given a buy call with stop 130 for target of 143 and stock made a high of 147.

Following calls were given in yahoo messenger for clients:

A very good decent profit day for all my clients

Buy Inox at 140 range with stop 138...and told to come out at 139.5 with small loss

Short RNRL around 152 with stop 155 and the stock made a low of 125 ....A VERY BIG PROFIT

Buy NTPC around 216 with stop 215.....don't keep long stop...wait and trade and the stock zoomed to make high of 223

Market Outlook 24/01/08

Next 2 day's are very important for the market as market is one the verge of recovering and as i said, nifty seems to have made its bottom at 4440 strong support.For today, above 5200, it will be again move towards 5320 and then 5350 a very strong resistance.Today also higher levels will see selling again.If nifty starts trading below 5200 it is might test 5140-5100 again on downside.So, intraday players are to be benifited more in this kind of volatility provided they trade with discipline.

Stock watch for the day:

Inox (132): Remain above 130, it is a buy and will be move towards 138-143 and below 130, no buying.