Intraday call performance 22/07/08

Volatile market ending in green


What a day of trading today..! it was huge gap up opening in the morning itself and then as nifty made a high of 4262 and couldn't cross 4265 big resistance given here , it came down crashing to go below 4200 and then again huge buying came in to the market on some positive news of UPA set to win the No-Confidence motion.Even Europian market which was trading in red didn't have any effect in indian market and huge buying was seen in Power, FMCG, metal, capital goods, banking and oil stocks.Stocks like Sail, BHEL, ITC, Reliance Communication, Wipro, SBI and Tata Steel were all top contributors for this huge bull move today and Maruti Suzuki, JP Associates, Tata Motors etc were losers today.Market breadth was very strong and about 1992 shares have advanced while 922 shares declined. Nearly 236 shares remained unchanged.


Following calls were given in yahoo messenger for clients:


Even on volatile day like this, clients earned very good profits on my calls today..!!


Short Nifty Futures around 4200 with stop loss 4225 and stop loss hit


Short Nifty Futures around 4260 with stop loss 4275 for target 4220 and it made exact 4220


Short Nifty Futures around 4245 with stop loss 4270 for 4190 and it made 4185


Short JSW Steel around 740 with stop loss 745 for target 728 and it made 726


Short BGR Energy at 332 with stop 335.5 for target 320 and it made 327 and told to exit


Short SBI around 1385 with stop 1400 and it made 1375 and then hit the stop loss


Short Essar Oil at 181 with stop loss 182.5 for target 175 and it made 176


Short Bombay Dyeing around 565 for target 550 and it made 554