Monday, February 18, 2008

Intraday call performance 18/02/08

As told here, nifty faced resistance at exact 5350 and closed at 5277 and still above support at 5250, showing strength in the market.Today it was a boring day as whole day market was trading in a narrow range .In Coming days, trading will be very interesting as budget and exspiry things will come into action again.

Stock watch for the day:

Tisco:
This was given a buy cal with stop loss 805 for target 845 and it made a high of 846-exact my target.

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures
around 5250 with stop 5235 and it made 5268

Short Nifty Futures around 5285 with stop 5300 and trade not initiated.

Short Bajaj Hind around 258 with stop 262.5 and the stock made 252

Short Essar Oil
around 235 to 237.5 and the stock made 230

Buy RCom at 619 with stop 616 and made 621 and gave a call to cover at 618-619

Buy Tisco around 624 with stop 620...small risk buy and the stock made 828 and then hit stop loss

Short RCom around 618 with stop 623 and the stock made 609

Short Bajaj hindustan around 261 with stop 263...small stop loss...last call of the day..and the stock made 258 and then hit the stop loss...small loss

Market Outlook 18/02/08

Indian market has rebounded from 4800 level and now heading towards 5500 levels.Now trading might be also smooth on the upper side.For today, watch out for 5260 support on downside and on the upper side, nifty is heading towards 5350 first resistance and then 5400 level.

Stock watch for the day:

Tisco (818):Buy this stock with stop loss 805 for targets 835-845

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