Intraday call performance 19/03/08

Market acted exactly as told here.Opening was bullish and then heavy selling in the last hour which was clearly told here.Now next week will see lot of actions as expiry is also be seen next week.Market trend is still not clear as nifty has not broken on both sides-upper side-4740 and lower side-4440.

Stock watch for the day:

RCom: This was given a buy call with stop loss 488 for the target 520 and the stock made a high of exact 520 and low of 501

Following calls were given in yahoo messenger for clients:

It was a very good profit day for all my clients today.....

Buy Nifty Futures around 4655 with stop 4635 and it made 4681

Buy Nifty Futures again now at 4650 with stop 4635, and when it made 4670, told to come out

Buy RCom around 510 with stop 507 and the stock made 516.5 as the target given was 518

Short Icici Bank around 815 with stop 823 and the stock made a low of 750

Short Infosys around 1335 with stop 1345 and the stock made 1322 and then went up to hit the stop loss

Buy Reliance Energy around 1250 with stop 1244 and the stock made 1266

Market Outlook 19/03/08

Today market sentiments are too good as also because of good results from Goldman Sachs Group and Lehman Brothers Holdings Inc. and a rate cut by the Federal Reserve.Indian market is also expected to open high and how high is interesting here.Nifty can open above 4620 and next resistance above 4620 will be 4675 and if crosses this, then strongest resistance wil come only at 4740.Below 4620 , nifty will remain weak again. So, watch out for opening today.Next 2 day's are holiday's for indian stock market and hence there might be last hour selling also.

Stock watch for the day:

Rcom (496): Buy this stock with stop loss 488 for target 515-520 today.