Intraday call performance 06/02/08

To Start with "Market Outlook"
As expected market opened very week below 5300 and was facing selling at evry raise till the last hour and at the end some buying came to pull the nifty up to 5363 from a low of 5257.Although market ending is again dissppointing as it closed at 5322-well below 5350 resistance

Stock watch for the day:

PSL Holding: This was given a sell call below 412 for target 390-385 and the stock made a high of 403 and low of 390

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 5320-5325 stop 5335....keep small stop loss and nifty futures made 5297

Buy EKC around 319 with stop loss 316 and the stock zoomed to make a high of 337...super duper profit

Buy NTPC around 216 stop 213.5.....keep small stop loss and stock made 218 and when it came down told to cover at 216-217

Buy Indian Oversies Bank now at around 180 stop 177 and stock made 184.3

06/02/08

Market is facing selling pressure at every high and on downside 5400 is still protected.Today there might be one more attempt to break 5400 as yesterday and if succeeds in breaking will move towards 5350 first.On upside, above 5465, watch out for 5510 and 5550.Overall an interesting day of trading today.

Stock watch for the day:

PSL Holding (400): Watch this stock and if not able to cross 412, will face selling and will target 390-385 on downside.