Intraday call performance 25/07/08

Reliance Industries took the lead in dragging market down as expected..!


Market opened weak today with weak global cues and it being the last day of the week encouraged profit booking and also Reliance Industries going down below 2200 straight and till the end market never recovered though there was small recovery in the late afternoon, market again collapsed due to some bomb blasting news in Bangalore. Nifty shut shop at 4311, down 121 points. CNX Midcap and BSE Smallcap indices lost 0.3% each. Defensives like FMCG and healthcare gained, while banking, realty (ahead of the Credit Policy announcement next week), oil & gas and capital goods stocks saw heavy selling pressure. Biggest losers on the Sensex include ICICI Bank, HDFC, HDFC Bank, JP Associates, ONGC, while gainers were Ranbaxy, ACC, HUL and Grasim, among others.Next week will be interesting with Credit Policy announcement and also expiry week.


Stock watch for the day:


RCom: This was told weak below 515 till 490 and it opened at 486 target and made high of just 516


Following calls were given in yahoo messenger for clients:


It was a good day for clients today....


Short Nifty Futures around 4370 with stop 4382 for target 4340-4320 and it made my target at 4320


Buy JSW Steel around 795 with stop loss 789 for 815-825 and it went upto 808


Buy DR Reddy at 628 with stop loss 620 for target 645-655 and it made just 638.Then gave exit call at 636


Short RCom at 505 with stop loss 510 and it made just 500 and when it went up, gave cover call at 505 itself


Short ONGC around 1012 with stop loss 1022 for target 980 and it made 974....Super Profit


Buy Maruti around 603 with stop loss 600 for target 625 and it made 623....Super Profit


Buy Reliance Industries at 2138 with stop loss 2129 and it made 2165....Good Profit


Buy Reliance Capital around 1326 with stop loss 1324 for target 1363 and it made just 1340