Intraday call performance 27/06/08

Total panic in the market....

Global weekness made nifty open below very important support of 4190 and once it broke 4190, it was total panic in the market though nifty recoverd a bit in the afternoon session, it came down heavily later on to make a low of 4119 and unless global situation improves, nifty is heading for 4000 now.In the charts, markets are oversold, but for the market to recover global cues and many negative factors like political situation is not supporting.Crude oil is the main culprit here trading at $140 and if the situation improves a bit here, nifty might again pick up.Inflation for the week ended June 14 has risen further at 11.42% as against 11.05% in earlier week and inflation may well reach 14% if crude oil doesn't improve from here.

Stock watch for the day:

RCom: This was given a sell call with stop loss 515 for target 475 and it made 465

Following calls were given in yahoo messenger for clients:

It was a terrific day of huge profits for all my clients as all calls hit huge targets today

Buy Nifty Futures around 4080 with stop 4058 and it zoomed to 4160

Buy Nifty Futures around 4100 with stop loss 4080 and it hit the stop loss

Short Hind Oil around 135 with stop loss 138.4 and it made 128

Buy Sail around 147 with stop loss 145 for target 152 and it made 150.6

Buy SBI around 1165 with stop loss 1150 for 1200 and it zoomed to 1190

Buy LITL around 307 with stop loss 304 and it made 317

Buy RCom around 465 with stop loss 460 and it made 483

Short Tisco at 780 with stop 786 and it made 736 and gave covering order

Buy Tisco at 722 with stop 717 and it made 735