Intraday call performance 21/07/08

Volatile day ending with bullish note

Though market started trading above 4100, it was not moving much in the morning session ahead of the vote of confidence motion for the government survival tomorrow and also volume was low and then it turned very volatile and then Later on in the afternoon session, buying came in which lifted the market above 4150 to make a high of 4168.On the global front, Asian markets finished strong and European markets have bounced back in mid session.Stocks like Cipla, Maruti Suzuki, ICICI Bank, Ranbaxy did well today, while losers were Satyam Computer, Ambuja Cements, L&T, BHEL etc.Tomorrow is a big day for indian market now.All indictaions of government survival is there at this moment and also this news was taken very nicely by market today.

Stock watch for the day:

RCom : This was given a short call with stop loss 460 for atregt430 and the low recorded in this stock was 430 and high 457

Following calls were given in yahoo messenger for clients:

Clients had a very decent day of profits today

Buy Nifty Futures around 4120 with stop loss 4103 and then coveerd around 4116 with small loss

Short Nifty Futures around 4115 with stop 4125 for 4090 made 4092

Buy Nifty Futures around 4095 with stop loss 4089 made 4104 and came down to hit 4086 and then zoomed above 4150..!

Buy Bombay Dyeing around 550 with stop loss 545 for target 565 and it made 561

Short BGR Energy around 314 with stop loss 320 for target 300 and it made 299

Short Tata Steel around 608 with stop loss 615 for target 590 and it made 593

Short India Info around 635 with stop 638 and it made 626

Short Kotak Bank around 484 with stop 487 for target 475 and it hit 474