Intraday call performance 09/06/08

As expected, market carshed in the opening bell and made a low of 5411 breaking its strongest support as given here at 4440 and till mid afternoon was trading in too deep red and then recovery came which pushed nifty above 4500 and even closed above that and tomorrow might be interesting to see where it is heading as indications are there to target 5600-5700 on upperside and then selling might emerge again.

Following calls were given in yahoo messenger for clients:

Though calls were given late today because of the market volatility, it gave good profits

Short Nifty Futures at around 4500 with stop 4535 and it made 4450

Short Nifty Futures at around 4500 with stop 4535 and told to cover position at 4445

Buy Bombay Dyeing at around 670 with stop 664 and it made 687

Buy Tisco around 803 with stop 798 and it made 828

Short DrReddy at around 701 with stop 703 and it made 697 and then hit the small stop loss

Short Tisco around 825 with stop 828 and it hit the small stop loss