Friday, February 1, 2008

Intraday calls performance 01/02/08

To Start with "Market Outlook"

Nifty opened low and was trading in negative range for most part of the morning time and as told here, tested the lower side strong support of 5080 by making a low of 5090 and first bullishness came when it crossed 5200 and once it crossed that level, it never turned back and made a high of 5340 and ended in green by closing at 5317

Stock watch for the day:

Welspun Gujarath: This was given a buy call with stop loss 467 for target of 490 and the stock made a high of 495 and then came down

Following calls were given in yahoo messenger for clients:

Today was a great day of big profits for my clients

Short Suzlon around 315 with stop 319 made 306

Short Indian Oil around 495 with stop 501....small stop loss and stock made 484

Short BPCL around 363 stop 368 and stock made 354

Short DLF at 805 stop 807....small stop loss remember and stock made 800 and then hit stop

Short BPCL again now at 360 stop 361.5 and the stock made 358 and then hit stop...small loss

Short UTV Software at 865 stop 872 and stock made 855.5

Market Outlook 01/02/08

Atlast, expiry is over and today is the starting of new month and nifty seems to be consolidating here and within 2-3 day's it may settle down in a range.Asian markets are trading high and indian markets also might take a cue and move upwards.For today, nifty above 5200 will test 5255 and above that might be very positive till 5300 and then only if crosses 5300, it will be retest of 5350.On downside, below 5130 it will retest support at 5080.

Stock watch for the day:

Welspun Gujarath (473): If this remains above 467, its target is 485-490 today.Below 467, it is not a buy.

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