Intraday call performance 24/07/08

Market losing grip from high.....


Though market opened high, it came down around my first resistance level given at 4535 and made a low of 4386 and again closed around 4440. Heavy volatility was there in the market today and this will continue till expiry now.Market also seemed to have tired of going up on all these 4-5 day's and relaxing now. Markets are awaiting Inflation numbers and first quarter numbers Index heavyweight Reliance Industries which wil be announced only in the evening.European markets were also trading negative today and this also effected our market a bit.Except oil & gas index all other sectoral indices like IT, metal, power, capital goods, bank and FMCG indices were closed negative. Stocks on losing side were TCS, Tata Steel, Reliance Communications, SBI and ACC, while gainers were ONGC, DLF and RIL, among others.


Following calls were given in yahoo messenger for clients:


Huge profits for all my clients today


Buy Nifty Futures around 4490 with stop loss 4478 and stop loss hit


Buy Nifty Futures around 4465 with stop loss 4440 and covereed at the same price


Buy Nifty Futures around 4440 with stop loss 4420 and it made 4485


Short Axis Bank around 800 with stop loss 807 for taregt 775-750 and it made 742.....Huge Profits


Buy Reliance Capital around 1420 with stop loss 1405 and it hit the stop loss


Buy Unitec around 171 with stop loss 168 for target178 and it made 178.....Good Profits


Buy Reliance Industries around 2280 with stop loss 2270 for 2330-2335 and the stock hit exact 2330.....Huge Profits


Short Reliance Industries around 2326 with stop loss 2330 for 2300-2280 and it made 2270.....Huge Profits


Short DR Reddy at 640 with stop loss 642.5 and it made 633


Short Reliance Capital around 1415 with stop loss 1430 for target 1385 and when it made 1400, gave cover call


Buy Reliance Capital around 1380 stop 1367 and it hit the stop loss


Buy RCom at 504 with stop loss 501 and it hit the small stop loss

Market Outlook 24/07/08

Market in hands of ADAG now..!


Yesterday, market jumped as if there is no tomorrow and it is now manipulation which is pulling the market up without any breaks and as told ADAG stocks are firing too much and one should also be careful of the fall that may come....!
Market looks to be in ADAG holds now and they are pulling it up and interesting to see where they put the break as it's all in their hands now.On the global scenario, Dow rose 29.88 to 11,632.38 after rising nearly 100 points early in the session and crude fell $3.98 to settle at $124.44 a barrel on the New York Mercantile Exchange.For today, nifty has resistance at 4535 on the upper side and if it breaks that it will go still higher around 4600 and below 4535, some selling might come.Downside, 4440 and 4390 are very strong supports for today.

Stock watch for the day:

Today's calls only for clients