Intraday call performance 28/02/08

Expiry effect was clearly visible in thye market today and as expected volatility was also there and market was more on the downside throughgout the day.Tomorrow again budget day, interesting day of trading ahead.Nifty made a high of just 5300 and a low of 5227 today

Stock watch for the day:

IRB Infrastructure: This was given a buy call with stop loss 200 for teh target 212 and the stock made a high of 214

Following calls were given in yahoo messenger for clients:

It was a good profit day for all my clients

Buy Nifty Futures around 5235 with stop 5220 and it made 5284 and told to cover

Buy Nifty Futures again around 5235 with stop 5225 and it made 5278

Buy Reliance Industries around 2550 with stop 2540 and the stock amde just 2558 and then hit the stop loss

Buy Maruti around 825 with stop 820 and the stock made 843

Buy HDIL around 862 with stop 858 and thestock amde 869.4

Buy NTPC around 197 stop 194.6 and the stock made 206

Buy Bajaj Hindustan around 243 with stop 240 and the stock made 246 and told to come out at 245

Market Outlook 28/02/08

Market showed severe volatility after opening strong yesterday and the volatility will constinue for today and also tomorrow due to Expiry of Feb month F&O contract and Union Budget.For today, above 5300 nifty will again test 5360 ressitance and if crosses 5360, then might move towarsd 5400.Nifty below 5300 may test 5250-5220 strong supports today.Being in intraday, one got to play along with the trend set for that particular day.

Stock watch for the day:

IRB Infrastructure (201.7): If remains above 200, it will move to 210-212 again and below 200 might test 195