Intraday call performance 30/04/08

As expected nifty faced selling at higher levels and made a low of 5156 and closed at 5166.Tomorrow is a trading holiday and day after tomorrow trading will resume and might take some clues from world market.Today also morning session was boring as it happens these day's with low volume and later half saw some action with selling coming taking nifty below 5200.

Stock watch for the day:

DLF Limited: This was given a buy call with stop loss 705 for target 735 and the stock made a high of 735 and then fell to close at 701

Following calls were given in yahoo messenger for clients:

It was an excellent profit day for all my clients

Buy Nifty Futures around 5225 with stop 5214 and it just made 5230 and then hit the stop loss

Buy Nifty Futures around 5180 with stop 5159 for target 5215 and it made 5212

Buy LITL around 510 with stop loss 502 and it made 543....super duper profit

Short India Info around 980 with stop 992 and it made 933....super duper profit

Buy Punjab Lloyd around 372 with stop 369 and it made 375 then hit the small stop loss

Buy Bombay Dyeing around 973 with stop 965 and it made 980 and then hit the stop loss

Buy Bombay Dyeing again around 964 with stop 961 and it made 1065....super duper profit

Market Outlook 30/04/08

Atlast nifty crossed 5150 and made high of 5210.Even today, things are looking bullish but higher level selling might come.For today, if nifty moves above 5210 it will face strong resistance around 5250-5260 and is very difficult to cross this resistance today.If crosses this resistance, then another huge upmove might be seen.Selling might come from higher levels today.If nifty doesnt cross 5210, then it may test 5150 suport and then 5090.Tomorrow being a trading holiday, today's moves and closing is very interesting.

Stock watch for the day:

DLF Limited (725): Buy this stock in dips with stop loss 705 for target 735-740