Intraday Call performance 17/04/08

Atlast nifty zoomed past 4975 strong resistance today and closed above 4950 and looks set for breaking 5000 now unless any negative news comes in next 3 days.So, next week will be interesting trading without any holiday's ofcourse.

Stock watch for the day:

RNRL:This was given a buy cal with stop loss 104 for taregt 111 and it made a low of 107 and high of 111

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 4970 with stop 4990 and when it fell to 4965 and gave cover order

Short Nifty Futures around 4980 with stop 5002 and when it ade 4930, told to cover position

Short Orchid Chemicals around 324 with stop 329 and it fell to 275 and gave cover order when it went up to 279...HUGE PROFIT

Buy Sesa Goa around 3225 with stop 3205 and it zoomed to 3268

Short Suzlon around 291 with stop 295.3 and it just made 290 and then hit the stop loss

Short Balaji Tele around 178 with stop 179.5 and it just made 175 and then gave cover order at 178

Short Ranbaxy around 478 with stop 479.5 and it made just 474 and then hit the stop loss

Market Outlook 17/04/08

Tomorrow is a trading holiday and hence market will be closed for next 3 days and today volatility will continue and nifty below 4975 as i said, remains weak only.For today, above 4840 nifty looks good for 4940 and if crosses might test 4960-4970 range and be carefull on higher side as there might be selling coming there.As i said 4840 will be big support to watch out.There was good trading in U.S market aslo with good results from JP Morgan.

Stock watch for the day:

RNRL (107): Buy this with stop loss 104 for target 111-114