Intraday call performance 05/05/08

Nifty was positive as long as it was above 5190, but nifty couldn't cross the crucial resistance mentioned at 5270 and it just made a high of 5254 and then came down heavily to break even the support at 5190 and made a low of 5182 and then closed just around support area at 5192 and tomorrow's market should be interesting now.

Stock watch for the day:

Tisco: This was given a sell call with stop loss 825 for the target 785 and it made a high of 813 and low was 786

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 5220 with stop 5200 and it made 5255 and told to come out

Short Nifty Futures around 5270 with stop 5290 and told to cover at 5230

Buy NIfty Futures around 5225 with stop 5210 and gave covering order around 5240

Short ICICI Bank around 955 with stop 962 for target 936 and then 924 and it made 925

Short R-Power around 402 with stop 405 and it made 398 and then hit the stop loss

Short Tisco around 793 with stop 797 and it made 787 and then hit the stop loss

Short R-Power around 406 with stop 410 and it came down to 399

Buy Adlabs around 776 with small stop 773 for target 785 and it just made 783

Market Outlook 05/05/08

Market again looking bullish only above 5190 and if nifty crosses 5270, one more heavy move might come.Below 5270 nifty might test 5200 and then 5190 and if it breaks 5190, there might be selling of some points for sure.Dow has also closed positive and looks to be consolidating above 13000 and this is a good sign for the market.

Stock watch for the day:

Tisco (797): Wath this stock at higher levels and short it near 810-815 with stop loss 825 for target 800-785