Intraday call performance 10/03/08

Market was too volatile today and opening was low down and made a low of 4620 and picked up again from there to make a high of 4815 and closing at 4790.Today's low is very important and if it doesn't get broken, chances of crossing 5000 is high now.

Stock watch for the day:

DLF Limited: This was given a sell call below 680 for the target 635 and stock opened weak making a low of 621 and closing at 674

Following calls were given in yahoo messenger for clients:

It was a great day of huge profit for all my clients

Buy Nifty Futures around 4610 with stop 4580 and it made 4690 and told to come out there

Buy Rcom near 521 with stop 518 and made hit 524 and then hit the stop loss

Buy On Mobile around 522 with stop 518 and the stock made 574

Buy RCom around 523 with stop 520 and the stock made 567

Short GlenPharma around 482 with top 483.5 and the stock made 469

Short Renuka Sugars around 892 with stop 898 and and the stock fell to 868

Market Outlook 10/03/08

Nifty has finally broke its support of 4800 and started moving downwards now.Any raise will invite selling today.Below 4800, nifty will remain very weak and will move towards 4700 first and then it will be test of 4660 support again.If nifty moves above 4800, it will move towards 5855 strong resistance, where heavy selling might emerge again.So, interesting week starts today.Reliance group movements will be interesting here onwards.

Stock watch for the day:

DLF Limited (657): Watch this stock today as it has fallen too much and tdoay also looks weak below 680 and if doesn't cross 680 will hit 645-635 on downside.