Wednesday, April 23, 2008

Intraday Call Performance 23/04/08

Today nifty was trading flat for almost whole day today and at the end some buying came, but still there was selling at higher levels again.Now tomorrow's expiry day will be of more importance and will guide for future trades.

Stock watch for the day:

No calls were given today in this section

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 5020 with stop loss 5000 and when it made 5060, told to come out

Short Essar Oil around 275 with stop 276.3 and it made 271 and then hit the smal stop loss

Short RCom around 554 with stop 556.5 and it made 544 and the target given was 540

Buy HDFC around 2530 with stop 2515 and when it was not moving much, gave cover order at the same price

Short Bajaj Hindustan around 240 with stop 244 and it made 238 and then hit the stop loss

Short On Mobile around 696 with stop 698 and it made 674

Buy Infosys around 1634 with stop 1629 and it made 1653

Market Outlook 23/04/08

One more close above 5000 and still below crucial resistance of 5075 and tomorrow is expiry again.So, volatility is expected in these two days and above 5075, nifty will march towards 5125 and if unable to cross 5075, nifty will test 4990 support which is again crucial.Though the market is still looking bullish, but expiry might bring in volatility.So, play the trend.

Stock watch for the day:

Today's calls only for clients

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