Monday, June 2, 2008

Intraday call performance 02/06/08


Nifty started on a positive note as expected and even made a high of 4909 and couldnt cross 4925 resistance and started sliding in the late afternoon session and fall was severe later on as it made a low of 4728 and the market made a bad opening for this week.

Stock watch for the day:

RCom: This was given a buy call with stop 568 for target 590 and the stock made a high of 582 and then cracked.

Following calls were given in yahoo messenger for clients:

It was a super duper profits for all my clients today........


Buy Nifty Futures around 4855 stop 4840 and made 4874 and gave cover order and told not to remain long

Buy Nifty Futures around 4825 with stop 4800 for target 4855 and it made just 4838

Short Essar Oil at 242 with stop 244.5 and made 229 and told to cover around 230

Short DLF around 596 with stop 603 and it made 560

Short IFCI around 62.8 with stop 63.25 and when it made 60, gave cover order to clients

Buy Tisco at 891 with stop 889 for short targets and it made 896.5

Short EKC around 304 with stop 307 and it made 298

Buy IFCI at 60.2 with small stop 59.9 and it hit 60.6 and then stop loss hit

Market Outlook 02/06/08




Now the market movements from here on will be interesting and till 4800 is held movements will be on upper side.Even though Inflation figures came out high, GDP numbers came out good and also crude oil has started falling now and also petrol hike has been postponed again for a week now. So, markets will open on a very positive note for today and nifty above 4875, will fly to 4925 and if crosses it may move to 4955 next..Higher level selling also might come today.Nifty has strong support at 4840 and then 4800 straight. U.S markets are also consolidating at higher levels now.

Stock watch for the day:



RCom (577): Buy this at dips with stop loss 568 for target 590-600

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