Intraday Call performance 22/02/08

Today market was very boring as whole day it was moving in a narrow range as if it was waiting for something.Nifty made a low of 5093 and a high of 5184 today.Nifty closing was red and downside support is at 5070 and if breaks panic will be craeted in coming day's.

Stock watch for the day:

HDIL: This was given a buy call with stop 816 for a target of 850 and stock made a high of 858

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 5110 with stop 5130 and Nifty Futures made 5080

Short nifty futures around 5110 again with stop 5130 and Nifty Futures made 5103 and told to come out when it made 5112
Short Union Bank at 185 with stop 187 and the stock made just 183.5 and then hit the stop loss

Short Unitec around 369 with stop 372 and the stock made 363.5

Short DLF around 830 with stop 835 and the stock made 823 and then told to close when it was at 830

Buy Bajaj Hindustan around 262 with stop 259 and the stock zoomed to 267.6

Buy Satyam Computers around 441 with stop 439 and the stock made 444.4 and came down to hit the stop loss

Buy Unitec around 372 with stop 370 and the stock made 377

Market Outllok 22/02/08

Yesterday nifty was too volatile as before some days back and as expected came down from high level but still protected 5110 support.For today, trend remains up till it is above 5110 and on downside 5070 is the strongest support and if at all it breaks 5070, total panic will be created.Yesterday DOW also closed down 142 points.On upperside, 5260 will be again the resistance to watch out for and crossover 5260 will take nifty towards 5285 and then 5400.Higher level selling will come again today.

Stock watch for the day:

HDIL (822):Watch this stock and if 816 is protecetd on downside, it will move to 840-850 today.