Tuesday, February 5, 2008

Intraday call performance 05/02/08

To Start with "Market Outlook"

Global cues were negative today and so nifty was range bound today trading in a narrow range and made a high of just 5500 and low of 5412 and still protecting 5400 on lower side shwoing strength on bullish side.Next 2-3 days of trading will be important for the market now.

Stock watch for the day:

RCom: This was given a buy call with stop loss 675 for target 710 and stock made a high of 705 and then started falling down and even made a low of 665

Following calls were given in yahoo messenger for clients:

Today my first call on nifty service started with good profit


Short Nifty Futures around 5470-5475 stop 5490 and nifty futures made 5425

Short Reliance Energy around 2035 with stop 2045 and the stock made 2031 and then hit the stop loss

Short Bajaj Hindustan around 226 with stop 228.2 and stock made 223.8

Short Welspun Gujarath around 476 stop 479 and the stock made 472.5 and then hit stop loss

Buy RCom at around 668 with stop 660 and the stock zoomd to make a high of 688

Market Outlook 05/02/08

Market is in bullish mode as long as it trades above 5400 now and will face selling at higher levels.Today there are chances of breaking 5400 and maybe will test 5350 again.For today, if nifty gets past 5500, then watch out for 5560 strong resistance where selling might come again and if nifty gets past 5560, then 5600 has to be watched again.On downside,if 5400 is broken, 5350 will be tested.

Stock watch for the day:

RCom (686): This stock is in bullish trend and if remain above 675, it will hit 695-710.

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