Intraday call performance 08/07/08

Market closing in cautious note after Left withdrawal announcement and ahead of nuclear deal signing

It was selling at opening bell today and nifty made a low of 3896 and high recorded waas 4028.Left parties finally announed they are withdrawing from the government today and market even after getting this news was not going down much and instead moved on the upper side crossing 4000 and closing around 4000 again.Volatility keep continuing in the market because of all these political news.Tomorrow is the big day of nulclear deal signing and if this gets through smoothly, again there will be buying from low's tomorrow.Better to adopt wait and watch policy now.Today selling was seen in oil refinery, technology, telecom, private banking, realty, FMCG, select power and auto stocks.Asian and European markets have collapsed like a pack of cards on account of renewed credit concerns in US and UK

Stock watch for the day:

Tata Power : This was given a short call with stop loss 1130 for targett 1045 and it made 1000 low

Following calls were given in yahoo messenger for clients:

Clients has a terrific day today with huge profits

Buy Nifty Futures around 3840 with stop 3820 and it made 3885 and gave cover order

Buy Nifty Futures around 3875 with stop 3860 and it made 3910 and gave cover order

Buy JSW Steel around 800 with stop 795 and it made just 806 and then stop loss hit

Short Reliance Industries around 1960 with stop 1975 for 1930 and it made exact 1930 ....good profit

Buy Adlabs around 377 with stop 372 and it made 398 ....huge profit

Buy India Info at around 595 with stop 585 and it made 624....huge profit

Buy Reliance Capital around 988 with stop 982 and when it made 1043, told to cover position ....huge profit

Buy RCom at 415 with stop 411 and when it made 420, told to cover position

Short Adlabs at 404 with stop 406.2 and it made just 401 and then small stop loss hit

Short Reliance Industries around 1980 with stop 1995 and when it made 1965, told to cover position