As expected and told here, it was lower opening and buying came heavily at supports at 4635 and nifty made a high of 4739 and then closing was little lower than yesterday and now if nifty remains above 4690 it might march towards 4800 again.Still inflation is a big concern for market and news of hiking fuel price may drag index down again and this looks like a short covering for now.
Following calls were given in yahoo messenger for clients:
Clients again had a money minting day today even in this weak market....!
Buy Nifty Futures around 4645 with stop 4620 for 4675 and the stock made 4675 exact and told to cover position
Buy Nifty Futures above 4680 for first target 4700 and the nifty made 4710 and gave cover order
Buy Essar Oil around 231 with stop 227 for first target 240 and the stock hit second target given at 249 and made 251 high
Short Bombay Dyeing at 820 with stop 825 for taregt 800 and it made 801
Short HDIL around 860 with stop 866 and it made 842
Buy Bombay Dyeing at 814 with stop 808 and gave cover order between 830-835
Buy Tisco with stop 850 for 865 and it hit 865 exact
Following calls were given in yahoo messenger for clients:
Clients again had a money minting day today even in this weak market....!
Buy Nifty Futures around 4645 with stop 4620 for 4675 and the stock made 4675 exact and told to cover position
Buy Nifty Futures above 4680 for first target 4700 and the nifty made 4710 and gave cover order
Buy Essar Oil around 231 with stop 227 for first target 240 and the stock hit second target given at 249 and made 251 high
Short Bombay Dyeing at 820 with stop 825 for taregt 800 and it made 801
Short HDIL around 860 with stop 866 and it made 842
Buy Bombay Dyeing at 814 with stop 808 and gave cover order between 830-835
Buy Tisco with stop 850 for 865 and it hit 865 exact
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