Intraday call performance 12/03/08

As told in the blog, nifty resisted exactly at 5020 and came down at the end to close at 4872.Nifty might play between 4800-5000 range again for few day's now before it breaks out in single direction.

Stock watch for the day:

JP Asociates: This was given a buy call with stop loss 240 for target of 265 and the stock made a high of 269 and low was 242.

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 4920 with stop 4900 and it made 4945

Buy Nifty Futures at around 4880 with stop 4870 and it made 4916

Buy NTPC around 195 with stop 193 and the stock made 197.5 and told to cover at 195

Short Maruti around 876 with stop 881 and the stock made 851 ..super profit

Buy RCom around 555 with stop 550 and the stock made 860 and then hit the stop loss at 550

Short Renuka around 1150 with stop 1158 ..play with small number and it made 1137

Market Outlook 12/03/08

It was a low opening and a strong recovery at the end yesterday and market is very strong at present and further, the announcement of a coordinated central bank effort to increase liquidity in the financial markets have lifted DOW Jones 400 points yesterday in a single day and this will also effect indian market now.Today, it might be a gap up opening.If there is gap up opening, it might be around 4900 odd or 5000 straight.So, any dip wil be used for buying today.For today, above 4900 nifty will shoot upto 4960 and 5020.Below 4900, nifty downside might be limited to 4800.

Stock watch for the day:

JP Associates (251):Buy in dips with stop loss 240 for target 265