Intraday call performance 19/02/08

Market was in bullish trend today as expected and every dip was a perfect buy today as nifty made a high of 5368 and closed at 5280.Today voltility was absent like other days and only during the last hour of trading some selling came into the market.

Stock watch for the day:

AiDeccan:This was given a buy call above 182 for target 194 and the stock made a high of 191 falling short of 3 points from the target given.

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 5325 with stop loss 5315...small stoop loss and nifty futures zoome dto 5368

Buy Bajaj Hindustan around 271 with 269 and the stock made 275

Short Aptec around 240 with stop 242...small stop loss and the stock made 236.8 and then went up to hit the stop loss

Short Maruti at 816 with stop 820...small stop loss and the stock made a low of 805

Market Outlook 19/02/08

Market is scaling higher and will continue for the time being and the trend is up.Yestedray nifty tested the strong support of 5350, but couldn't cross and today it may test again and possiblity of crossing 5350 is higher.Any dip will be a buy until 5220 is not broken and if 5220 gets broken, then still there is one more strong support at 5140.On upper side, if 5350 gets taken off, then we might see rally around 5400.Banking stocks may be in demand for today

Stock watch for the day:

Air Deccan (186):This stock has strong support at 182 and if held, this stock will move towards 194-200 today.