Intraday call performance 27/02/08

Market opened gap up today morning and stayed in positive zone most part of the day and once it broke strong support at 5340, market slipped and went on to make a low of 5250 and closed in psoitive zone again at 5268 just 2 points lower than yesterday's close.Tomorrow being expiry day, volatility was expected.

Stock watch for the day:

Bajaj Hind: This was given a buy call with stop 252 for the target 265 and the stock made a high of 265 and then slipped

Following calls were given in yahoo messenger for clients:

It was a very good profit day for my clients

Buy Nifty Futures around 5350 stop 5338 and it made 5365

Buy Nifty Futures around 5320 stop 5300 and it made 5362

Buy Tisco around 820 stop 815 and the stock zoomed to 834

Buy J.P Associates around 274 with stop 270 and the stock made a high of 280

Buy Adlabs around 925 stop 916 and the stock made 932 and then hit the stop loss

Buy Mundra Port around 760 with stop 754 and the stock made 766

Buy Punjab Lloyd at 395 with stop 393 and the stock made 403

Short Bajaj Hindustan around 249 with stop 250.5 and the stock made a low of 232

Market Outlook 27/02/08

Market was very bullish for the second consecutive day yesterday and nifty made a high of 5281.Nifty above 5260 will remain positive and below 5260, it may see some selling.Today, above 5260 nifty will target 5310 and if breaks 5310, then it will again move towards 5345.So, two strong resistances for today are 5310 and 5345 if nifty stays above 5260 and below 5260 nifty might fall upto 5220 first and then 5175 will be very strong support.Volatility may come again as expiry is tomorrow.

Stock watch for the day:

Bajaj Hindustan (257): Watch the strong support at 252 and if remains above this level, this stock will move towards 265-270