Friday, April 25, 2008

Intraday Call performance 25/04/08

As i clearly mentioned yesterday and even here in my blog today, nifty never broke 4990 support and once it started trading above 5050 it was all round buying which took nifty past 5100 in great speed and nifty closing was very impressive above 5100.

Stock watch for the day:

No calls were given here today

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 5030 with stop 5010 and it made 5075 and told to come out

Short Nifty Futures around 5080 with stop 5095 for taregt 5040 and it made 5035

Short Reliance Energy around 1325 with stop 1340 for target 1280 and it made 1286

Short Orchid around 237 with stop loss 242 and it made low of 232

Short Reliance Capital around 1410 with stop 1432 for target 1380 and it hit exact target

Market Outlook 25/04/08

Atlast the much expected expiry is over without much action and most importantly the support 4990 is also not broken and this support will play an important part today as told yesterday also.If Nifty moves above 5018, it will move towards 5050 and above that testing of 5085 on cards again.If nifty breaks 4990, then it may slide to 4950 support again.Today being the last day of the week, some selling might come in the last hour of the day.

Stock watch for the day:

Today's calls only for clients

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