Intraday Call performance 15/05/08

As told here, nifty was bullish whole day today and closing was even impressive by closing above 5100 and teh only resistance nifty will have next is 5190 big resistance and interesting to see where it is headed now.

Stock watch for the day:

RPL: This was given a buy call with stop loss 179.5 for target 189 and it made a high of 188 and low was 183

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 5080 with stop 5100 and it made 5054 and told to cover there.

Short Nifty Futures around 5080 with stop 5090 and it made 5063

Short Tisco around 905 with stop 920 and it made 875

Buy Orchids around 281 with stop 278 and it made 283 and then hit the stop loss

Buy J.P Associates around 263 with stop 259 and it made 267

Buy Orchids around 280 with stop 276 and it made 284 and then hit the stop loss

Short Bombay Dyeing at 917 with stop 922 and it made 911 and then hit the small stop loss

Market Outlook 15/05/08

Nifty again managed to maintain 4900 support and came up breaking 5000 and closing above it and for today, if nifty stays above 5000 it will first hit 5050 and crossover will straightaway test 5100-5115 resistance where again selling might emerge.The only very strong resistance for nifty is 5190.If nifty breaks 5000, again testing of 4950 and 4900 is possible.But for today, sentiments are looking good and market is looking bullish for the day.

Stock watch for the day:

RPL(184) :Buy this on small dips with stop 179.5 for target 189-192