Intraday call performance 04/04/08

After moving between the range of 4740-4835, finally nifty broke down and made a low of 4632 and closing was well below 4700 is a worrying factor for bulls now.Taking positional calls have become very dangerous these day's.Coming week will see action through CRR news now.

Stock watch for the day:

J.P Associates: This was given a sell call with stop loss 242 for target 228 and the stock made a high of 236 and low of 219

Following calls were given in yahoo messenger for clients:

Today was the greatest day of my trading carrier with huge profits

Buy Nifty Futures around 4760 with stop 4739 and it made 4770 and told to cover

Buy Nifty Futures around 4630 with stop 4598 and it made 4685 and told to cover

Short Nifty Futures around 4680 with stop 4695 and it made 4634

Buy ICICI Bank around 779 with stop 777 and it made 785 and when it came down, told to cover at 779

Short Sesa Goa around 2850 with stop 2870 and the stock made a low of 2644 as my first target was 2684

Short BHEL at 1695 with stop 1710 and the stock made a low of 1625

Renuka Sugars looking hot at 945 with stop loss 939 for target 955 first and if breaks then 965 and stock made 964

ICICI looking great at 754 with support 745 and it made 774

Short J.P Assocaites around 230 with stop 232 and the stock made a low of 219

Market Outlook 04/04/08

Nifty is hovering between 4740 support and 4835 resistance at the moment and any break of these levels will give another 100-150 points and the market is still undecided on its move.Till 4740 is held, it's a good buy and for today if nifty moves above 4800, it will try for 4835 tough resistance and if crosses, then it will aim straight away to 4900.Today again being last day of the week, higher level selling might come again.

Stock watch for the day:

J.P Associates (233): Short this stock at higher levels with stop loss 242 for lower targets of 232-229