Intraday call performance 04/03/08

Market was too volatile today and as expected more on weeker side and it still held on to strong support of 4800 as it made a low of 4812 and high of 4977.Now the onus on coming day's will be on strong support at 4800.

Stock watch for the day:

NTPC: This was given a sell call with stop loss 197 for target 185 and the stock made 195 high and a low of 186

Following calls were given in yahoo messenger for clients:

A great day of big profits for my clients today....

Short Nifty Futures around 4930 with stop 4950 and nifty futures made 4830 and told to come out....HUGE PROFIT

Short Nifty Futures around 4920 with stop 4940 and nifty futures made 4825....HUGE PROFIT

Short Suzlon around 255 with stop 259 and the stock made 227....HUGE PROFIT

Short Maruti around 900 with stop 910 and the stock made 883

Short Rcom around 530 iwth stop loss 535 and the stock made 508....HUGE PROFIT

Short Bank of India around 315 with stop 318 and the stock made 311.5

Market Outlook 04/03/08

As expected, market opened week yesterday and remained week throughout the day and made a low of 4936.Now, only strong support for nifty is at 4800 and probably it will test 4800 again and if consolidates around that for few day's, might make a big move then.We will wait and see as the global factors are also effecting indian market too much these days and as i told you on friday, to understand the budget it will take 2-3 day's.For today, nifty will face resistance around 5015 and if crosses wil move towards 5040.On downside, break below 4950 might take it towards 4885 strong support.

Stock watch for the day:

NTPC (189):This stock has broken the strong ressitance yesterday and try to short it at higher levels with stop 197 for target 190 and then 185.