Intraday call performance 15/04/08

Nifty blasted above 4840 and reached 4900 in one shot and todays high was recorded at 4917 and low was at 4708.Upmove was at superb pace once it crossed 4840 and though nifty lost some points at the end , the closing was good enough as it closed well above 4840.

Stock watch for the day:

Suzlon: this was given a sell call with stop loss 300 for atregt 280 and teh stock made a high of 299 and low was recorded at 287, short of 7 points from my first target of 280

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 4770 with stop 4790 and it made 4755 and told to cover

Buy Nifty Futures around 4755 stop 4745 and it made 4798 and told to cover the position

Short Nifty Futures around4810 with stop 4830 and stop loss hit

Short Nifty Futures at 4915 with stop 4935 and stop loss hit

Buy Bajaj Hindustan around 208 with stop loss 204.5 and it zoomed to makie a high of 218.5

Buy Hindustan Constructions around 122 with stop 118 and it zoomed to make 127.3

Short Orchid Chemicals around 265 with stop 268 and it made 261 and then small stop hit

Short Ranbaxy around 457 with stop 460.5 and it made 454 and then small stop hit

Short Suzlon at 297 with smal stop loss at 300 and it made 291

Short ICICI Bank around 830 with stop 836 and it made 804

Market Outlook 15/04/08

Today's market will be very volatile because of some issues like high inflation-which is actually bad for the market and infosys is announcing its result today and software stocks will be in action and if the result is bad, it will add up to the market sentiments.In all possiblity nifty will open negative below 4820 and if doesn't cross 4835 will remain weak throughout the day today.Nifty has support at 4780 for today and if breaks that then it will move towards 4730 very strong support.So, be prepared for volatile day of trading again.

Stock watch for the day:

SUZLON (290): Short this stock with stop loss 300 for targets 280-275