Intraday Call performance 26/06/08

Amidst expiry volatility market ended positive

Market was too volatile as told here and even tested strong support of 4220 by maing a low of 4230 and then expiry effect took place to take nifty above 4300, making a high of 4325 and closing above 4300 showing bullish signs and 4370 wil be the final resistance and if crosses that nifty may fire towards 4500 staright..! Indian market was trading against europian market which was trading weak.Reliance Industries took the market up today along with I.T sectors like Infosys, wipro etc.

Stock watch for the day:

NTPC: This was given a sell call with stop loss 165 for lower target 148 and stock made a high of 159.5 and low was 150

Following calls were given in yahoo messenger for clients:

Clients enjoyed huge volatility making good profits today

Short Nifty Futures around 4300 with stop 4330 and stock made only 4285 and made a low of 4255

Buy Nifty Futures around 4240 with stop 4225 and it zoomed to 4280

Short ONGC around 872 with stop 881 and it made just 863 and then stop loss hit

Short ONGC around 891 with stop 897 and it made 864....good profit

Short Hind Oil around 133 with stop 135.5 for 128 and it made 128....good profit

Buy Reliance Capital around 985 with stop 978 and it made 1004....good profit

Buy Punjab Lloyd around 232 with stop 228 for 238 and when it made 236, told to cover the position....average profit

Short RCom around 495 with stop 500.5 and it made 493 and then hit the small stop loss

Short Punjab Lloyd at 235.3 with stop 236.2 and it made 230....good profit