Intraday Calls performance 31/01/08

To Start with "Market Outlook"
Today nifty opened very week and was very volatile as expected because of expiry and nifty made a low of 5071 and high of 5251.Now that expiry is over, nifty likely to settle in a range within 2-3 day's.
Stock watch for the day:

Adlabs: This was given a sell call below 1059 for target 990 and the stock made a high of 1070 and low of 980

Following calls were given in yahoo messenger for clients:

Short DLF Limited around 846 with stop 851 and stock made 840 and then came upto hit the small stop loss

Short RCom around 624 with stop 627 and the stock amde 616 and then came up to hit the stop loss.

Short Essar Oil around 234 with stop loss 235.6 and stock made 228.7

Short Bajaj Hindustan around 202 with stop 205 the stock made 194

Take a small risk and Buy DLF around 828 stop 824...small quantity and when the stock made 833, told to come out.

Market Outlook 31/01/08

Much awaited FED rate cut is announced and The Federal Reserve cut its key interest rate another half point and this along with today's expiry will make the market very volatile today.DOW closed 37 points down yesterday.So, be cautious in trading.For today, 5200 will be the trend and above that nifty will turn towards 5280 big resistance and above that will zoom towards 5330-5350.Below 5200, nifty will remain very week and first it will target 5100 support and then 5000.Overall, market will be volatile today.

Stock watch for the day:

Adlabs (1030): Watch this stock at higher levels and below 1059 it is sell for target 990.Only if stays below 1059