Monday, February 4, 2008

Intraday call performance 04/02/08

To Start with "Market Outlook"

Nifty opened positive as expected and nifty blasted crossing heavy resistance at 5485 and made a high of 5545 and at the end lost soem points and ended in green at 5463 well above 5450.Now, coming days will be interesting to see whether nifty can cross crucial resistance on the upperside at 5600-5630 or not.

Stock watch for the day:

Today was a very good trading day for my clients

Tisco: This was given a buy call with stop loss 762 for target 795 and the stock zoomed to amke a high of 817

Following calls were given in yahoo messenger for clients:

Short Bank of India around 382 stop 387 and stock came down to hit 372

Short Parsvanath Developers around 283 stop 286.3 and stock came down to hit 276 and then hit stop loss

Buy Aptec around 265 stop 261 and stock zoomed to 274

Buy Maruti around 918 stop 914 for targets 938-945 and the stock made 920 and then when it came down to 917, told to come out with small loss.

Market Outlook 04/02/08

Market has started moving up after expiry and for today, if nifty moves above 5350 it will be test of 5420 and if crosses 5420, then resistance will come around 5485 for today.On downside, below 5350 nifty will test 5230 support.Overall, eventhough market seems to be good for today, selling might come if 5420 is not crossed or even when nifty breaks 5350 after moving up anytime.But, if nifty remains above 5420 heavy buying might take it near 5485.

Stock watch for the day:

Tisco (776): Pick this stock at dips with stop 762 for targets 790-795

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