Intraday call performance 26/03/08

Market was too volatile a day before expiry and this thing was also expected and in the last hour, it was too much as market suddenly pulled up from low's at a fast rate.Nifty made a low of 4809 after breaking 4850 as told here and closed around 4830 range and today's high was recorded at 4912.Tomorrow is expiry and the last support nifty has below 4800 is 4740 as before and will be interesting to see whetehr it can go there tomorrow.

Stock watch for the day:

CESC:This was given a sell call with stop loss 420 for the taregt 395 and the stock made a high of 410 and low of 381

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 4895 with stop 4875 and it made just 4904 and then told to cover at 4885

Buy Reliance Capital around 1345-1350 with stop 1330 and the stock made 1375

Buy small quantity of Reliance Energy around 1296 with small stop 1289 and it made 1302 and then hit the small stop loss

Buy DLF around 660 with stop 656 and the stock made 671

Buy ICICI Bank around 861 with stop 857 and the stock made just 865 and came down to hit the stop loss

Buy Reliance Capital around 1295 -1300 STOP 1285 and the stock made just 1305 and hit the stop loss

Buy India Bulls Financial around 453 with stop 449 and it made 457 and then hit the stop loss

Market Outlook 26/03/08

Yesterday was a booming day for indian market after a very long long time and today one can expect some selling for sure and tomorrow's expiry will also bring in more volatility.Higher level, 5000 will be very very tough resistance to cross even tomorrow.For today, if nifty moves above 4900, it will face stiff resistance around 4955-4965 range and on downside below 4900 nifty will move towards 4850 first and if breaks that will straight away go to 4800 support area.Market will be very volatile for two day's for sure.

Stock watch for the day:

CESC (408): Watch this stock on higher side and if not able to cross 420, short it for targets 400-395