Intraday call performance 02/04/08

After opening gap up as expected, market again crashed losing all gains got in the opening session and again closed just around the support area.Every upmove is exerting pressure these day's and break of 4740 might again fall towards 4600 level.

Stock watch for the day:

RCom: This was given a buy call with stop loss 514 for target 540 and the stock made a high of 540 and low of 515

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 4845 with stop 4830 and it zoomed to 4880

Buy RPL around 169 with stop 168.4 and it made 172 five times and couldn't cross and told to finish of trading when it was at 169.2

Buy Reliance Capital around 1270 with stop 1255 and the stock zoomed to 1290

Buy Subex Systems around 199 with stop 198.5 annd the stock made 202 thrice and couldn't cross and told to finish of trading when it was at 200

Buy Reliance Energy at 1270 with stop 1262 and told to cover at 1280

Market Outlook 02/04/08

Yesterday market crashed once it broke 4700 and stright away made almost my target of 4600 and then bounced back immediately and for today, market looks very very bullsih and there maybe gap up opening also.Above 4740 nifty will zoom to 4800 first and then to 4875.Only below 4700, it may lose strength, but chances are very remote.So,w atch out for an exciting day.

Stock watch for the day:

RCom (521):Buy this stock with stop loss 514 for targets 535-540