Intraday call performance 14/02/08

Today as expected market was very positive from the word go and broke all the resistances inbetween and went on to make a high of 5220 and also closed well above 5200 showing strength and the low recorded today was 4944 which was well above yesterday's close of 4929.

Stock watch for the day:

Tisco:This was givena buy call above 764 for target 780-785 and the stock made a high of 791

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 5135-5140 with stop loss 5160 and it fell to 5110 and told to come out

Short Bajaj Hindustan around 223 with stop 226 and the stock fell to 216.5 as the target was told 216

Buy Bank of India around 372 with stop 368 and when the stock made 374, told to cover the position

Short RNRL around 124 with stop loss 125.2 and the stock made 122 and then came up to hit the small stop loss at 125

Buy Bajaj Hindustan around 227 with stop 226 and it zoomed to 234

Buy RCom around 600 with stop 595 and the stock made 614.5 as the target given was 615

Market Outlook 14/02/08

Market is still moving in the same range between 4800-5000, not breaking on either side.Lower level buying and Higher level selling is witnessed everyday now.Time for long term still hasn't come as market is very volatile and not stable at the moment and might take some more day's to get the clear picture now.It looks like short time rally can extend upto 5100-5250 range.For today, nifty above 4930 will definitely test psychological resistance of 5000 and if crosses then might see 5045 strong resistance very heavy selling might witness again.On downside, below 5000 supports are at 4930 and then 4850.
Stock watch for the day:
Tisco (758):This stock is a buy above 764 for target 780-785.Lower level 744 is support for today.