Intraday call performance 29/04/08

Market was again boring till 12 P.M-when RBI policy announcement came in and market just blasted after that and made a high of 5211 and low recorded was 5082.It was a very good trading day on bullish side.

Stock watch for the day:

RCom: This was given a sell call with stop loss 606 for target 565 and RCom made low of 570 and high of 599

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 5096 with stop 5080 and it zoomed to 5165 and gave cover order

Short Nifty Futures around 5180 with stop 5196 and it made 5162

Short Nifty Futures around 5225 stop 5245 and it made 5200

Short Suzlon around 278 with stop 279.7 and it made 274 and then hit the small stop loss

Buy ICICI Bank around 905 with stop 899 for first target 925 and it made exact 925

Buy Bajaj Hindustan in dips around 242 with stop 240.8 and it made just 245.5 and closed at 242.5

Short I-Flex around 1315 with stop 1328 and it made 1297 just short of 7 points of first target given at 1290

Short DLF around 715 with stop 721 for target 705 and it made exact 705

Market Outlook 29/04/08

Market is not moving much these day's and trading volume is very less.Higher level is exerting pressure and it looks like market will spend sometime here in this range below 5200 before moving higher in coming day's.For today, if nifty moves above 5110, it may try to hit 5150 a major resistance for today and if fails to break 5150, it will come down to test 5100 again and then 5070.Downside 5045 will be major support to watch out for.Till held, no problem for bulls.

Stock watch for the day:

RCom (585): Short this stock at higher levels with stop loss 606 for lower target 575-565