Friday, July 11, 2008

Intraday call performance 11/07/08



Poor economic data and raising crude crashing the market and ending in deep loss..!!

As expected and told here, market witnessed too much volatility and was trading above 4150 in the morning session and as told reversed at exact first resistance given at 4220 and then in the mid afternoon witnessed strong selling after Poor economic data (inflation and IIP numbers), along with rising crude oil prices also played significant roles in spoiling the market sentiment and even after IT major Infosys first quarter numbers came in line with market expectations could not save the market from falling.Infosys, L&T, HDFC, ICICI Bank, Satyam, Reliance Industries, ONGC and TCS were biggest draggers for indices.

Following calls were given in yahoo messenger for clients:

Clients made very big profits today in my calls in spite of market crashing....

Buy Nifty Futures around 4100 with stop loss 4065 and it picked up from 4110 to amke 4164

Short Nifty Futures around 4170 with stop 4190 and it made 4020 and told to cover there

Buy Nifty Futures around 4013 with stop 4005 and when it made 4020, gave cover order

Short Nifty Futures at 4017 with stop 4025.5 and it made 3981

Short SBI around 1245 with stop 1255 and it made 1229 and then went up to hit stop loss and made 1259 just 4 points up and then crashed to ....shere bad luck

Short India Info around 650 with stop loss 656.5 and it made just 646 and then stop loss hit

Short ONGC around 890 with stop 896 and it amde 845....HUGE PROFITS

Buy Adlabs around 438 stop 430 for taregt 455 and it made 454....HUGE PROFITS

Short India Info around 680 with stop 685 and it made 650....HUGE PROFITS

Short Suzlon around 210 stop 213.2 and it made 198....HUGE PROFITS

Buy Adlabs around 422 stop 419 and gave cover order at 429....GOOD PROFITS

Market Outlook 11/07/08


Market volatility will continue....

As expected it was buying at low and selling at high yesterday also.NIfty will face strong hurdle at 4220-4245 on higher levels today and on lower side 4100 will be the strong support for today.Crude oil prices rebounded by more than $5 to more than $141 a barrel on the New York Mercantile Exchange on another missile test by Iran and worries about more supply disruptions in Nigeria.The Dow Jones industrial average finished up 81.58, at 11,229.02.Oil's resurgence back above $141 a barrel briefly pulled the Dow into negative territory in afternoon trading.Today's Infosys results and inflation data may bring in little volatility though infosys results are expected to be in line with expectations.So, the trading range for today maybe between 4100-4245.Break of this range might be too bullish on upper side and panic on downside.If there is higher opening, then selling will emerge from higher levels.

Stock watch for the day:

Today's calls only for the clients

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