Intraday Call performance 23/05/08

Though nifty was trading well above 5000 in the morining session, things suddenly changed after inflation results came in and once it broke 5000, it was all round selling and surprisingly for everyone it even broke 4970 strong support today itself and made a low of 4940.Though selling was expected today at higher end, no one imagined it to be this severe.

Stock watch for the day:

RCom: This was given a buy call for target 595 and it reached exactly 595 and crashed later on.

Following calls were given in yahoo messenger for clients:

A very good day of great profits for my clients today

Buy Nifty Futures around 5025 with stop 5010 and it made just 5035 and then hit the small stop loss

Short Bank of India around 332 stop 335 and when it made 325, told to cover the position

Short Cairns around 320 with stop 326 and it made 308

Buy SBI at 1606 with stop 1600 and it made 1620

Short SBI below 1600 for taregt 1575 and it made 1564

Buy Bombay Dyeing around 970 with stop loss 962 and it made 1008

Buy Reliance Capital at 1405 stop 1390 and it made 1425

Short RCom around 593 with stop 600 and it made 569

Buy Reliance Capital around 1384 with stop 1374 and it just made 1395 and then small stop hit