Intraday Call performance 22/04/08

Slowly and steadily nifty managing to post new high's now and today it made a high of 5075 and closed around 5050.Nifty is bullish above 5000 and this weak expiry may bring in some volatility in the market now.

Stock watch for the day:

RCom: This was given a buy call with stop loss 545 for target 565-575 and the stock made a low of 547 and high of 565

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 5020 with stop 5000 and it made 5074

Short Nifty Futures around 5065 with stop 5075 and it made 5035 and told to come out

Short Reliance Power around 380 with stop 385 and the stock made a low of 374

Buy RCom around 554 with stop 547 and it made 565 exact first target

Buy TCS around 920 with stop 916 and it hit the small stop loss

Buy Ranbaxy around 489 with stop 486 and it made 491 and then hit the small stop loss

Short Zee Tele around 213 with stop 216 and it made 209

Market Outlook 22/04/08

Nifty managed to close above 5000 and now looking towards 5100 first and then still higher.For today, if nifty manages to get past 5060, it will face strong resistance in the range betwen 5110-5120 and if nifty failes to clear 5060, it will test 5000 first and then 4960 strong support straight.Market is looking very bullish today.This week again expiry will bring in volatility in the market.

Stock watch for the day:

RCom (560): Buy this stock at dips with stop loss 545 for target 565-575