Poor economic data and raising crude crashing the market and ending in deep loss..!!
As expected and told here, market witnessed too much volatility and was trading above 4150 in the morning session and as told reversed at exact first resistance given at 4220 and then in the mid afternoon witnessed strong selling after Poor economic data (inflation and IIP numbers), along with rising crude oil prices also played significant roles in spoiling the market sentiment and even after IT major Infosys first quarter numbers came in line with market expectations could not save the market from falling.Infosys, L&T, HDFC, ICICI Bank, Satyam, Reliance Industries, ONGC and TCS were biggest draggers for indices.
Following calls were given in yahoo messenger for clients:
Clients made very big profits today in my calls in spite of market crashing....
Buy Nifty Futures around 4100 with stop loss 4065 and it picked up from 4110 to amke 4164
Short Nifty Futures around 4170 with stop 4190 and it made 4020 and told to cover there
Buy Nifty Futures around 4013 with stop 4005 and when it made 4020, gave cover order
Short Nifty Futures at 4017 with stop 4025.5 and it made 3981
Short SBI around 1245 with stop 1255 and it made 1229 and then went up to hit stop loss and made 1259 just 4 points up and then crashed to ....shere bad luck
Short India Info around 650 with stop loss 656.5 and it made just 646 and then stop loss hit
Short ONGC around 890 with stop 896 and it amde 845....HUGE PROFITS
Buy Adlabs around 438 stop 430 for taregt 455 and it made 454....HUGE PROFITS
Short India Info around 680 with stop 685 and it made 650....HUGE PROFITS
Short Suzlon around 210 stop 213.2 and it made 198....HUGE PROFITS
Buy Adlabs around 422 stop 419 and gave cover order at 429....GOOD PROFITS
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