Intraday call performance 30/07/08

Explosive market right from the word go....!


Market took exact support as told yesterday at 4160 and never broke that and zoomed to make a high of 4327 ahead of the F&O expiry tomorrow.Global cues were also very positive and market was well supported by Reliance also today.Huge buying interest was seen in realty, bank, metal, IT, power, oil & gas, capital goods and auto stocks with advances at 911 against declines of 346 on the NSE.Movers of today were Tata Power, HDFC and Tata Steel while losers included NTPC, ITC and Dr Reddy.Reliance Capital has posted a net profit after minority interest and Share of profit of Associates of Rs 3430.70 million for the quarter ended June 30, 2008 as compared to Rs 3252.60 million for the quarter ended June 30, 2007. Total Income has increased from Rs 11762.00 million for the quarter ended June 30, 2007 to Rs 15445.60 million for the quarter ended June 30, 2008.

Following calls were given in yahoo messenger for clients:

Short Nifty Futures around 4285 with stop loss 4400 and it hit the stop loss

Short Reliance around 2130 with stop loss 2145 and stop loss hit

Short Bajaj Holding around 363 and it made 355

Short Tata Steel around 625 with stop loss 628 and it made just 619 and hit the stop loss

Short RPL around 163 with stop 164 and it hit the stop loss

Short India Info around 656 with stop loss 660.5 and it made 652

Market Outlook 30/07/08

Due to my Hard Disk crash, i couldn't update blog in time....sorry for that


Nifty has taken support exactly at 4160 as told and now this will be the support for move towards 4300-4400.