Friday, January 25, 2008

Intraday call performance 25/01/08

To Start with "Market Outlook"

Atlast nifty was in full swing breaking all upper resistances as it made a high of 5399 and low itself was well above yesterday's close.As nifty closed above 5360 mark, the only strong resistance will be on 5470 now.

Stock watch for the day:

Union Bank:This was given a buy call for the target of 215 with stop loss 190 and the stock made a high of 214

Following calls were given in yahoo messenger for clients:

Short RNRL around 140 with stop loss at 140.5 and stock made 135 and then hit stop loss

Short PNB around 662 stop loss 666...don't keep long stop loss and the stock made 660 and told to exit

Buy NTPC around 213 stop 211.5 and the stock zoomed to 224.5 and told to come out

Market Outlook 25/01/08

Market slipped again after initial rise yesterday as expected.Volatility is continuing and nift taking time now to settled down.For today, 5000 will be crucial support and if nifty remains above 5000 it will try to move towards 5100-5160.If nifty starts moving below 5000, it won't be good for the market and may slide towards 4940 first and then 4900.

Stock watch for the day:

Union Bank (196): Buy this stock above 190 for target 205-215.If stock trades below 190, it's not a buy

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