Market continuing its downtrend and closing in red again..!
Market opened weak today and though made a slight recovery going above 3900, it lost ground and later on broke 3800 also to make a low of 3790 showing signs of more pain in the market.As told, till government proves it's majority market will not be stable and go on facing pressure on every raise now.Reliance Industries, HDFC, SBI, Tata Steel, ICICI Bank, DLF and Unitech were biggest draggers for both indices.Market breadth was weak; about 932 shares have advanced while 1979 shares declined. Nearly 237 shares remained unchanged.European markets were trading sharply lower on the back of selling pressure in banking stocks.So, coming day's will see lot's of volatility
Following calls were given in yahoo messenger for clients:
Clients had a great day today with massive profits on my calls
Short Nifty Futures around 3890 with stop 3900 and told to cover around 3820....Huge Profits
Short Adlabs around 410 with stop 420 for target 398-390 made 385....Huge Profits
Short Tisco around 660 with stop 666 for targets 640-626 and it made 617....Huge Profits
Short Suzlon around 192-193 with stop 197.2 for targets 185-180 and it made just 185....Good Profits
Short India Info around 613 with stop 617 taregt 600-575 and it made 576 exact....Huge Profits
Short ONGC around 871 with stop 876 for target 855 and it made 853....Good Profits
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