Intraday call performance 04/08/08

Market closing negative

As expected nifty faced resistance around 4440 and came down heavily to make a low of 4362 and trading was very volatile today and Reliance Industries which took the market up on friday didn't let the market recover today as it was very week below 2340 as told here.The Asian markets had cracked badly at close while the European markets were trading flat with Nifty closing at 4395, down 18 points from the previous close.The market breadth was positive with advances at 898 against declines of 359 on the NSE.Nifty gainers included HCL Technologies, SAIL and ABB while losers included TCS, BHEL and ONGC

Following calls were given in yahoo messenger for clients:

Good day of profits for clients today

Buy Nifty Futures around 4415 with stop loss 4400 and when it made 4430, gave cover order

Buy Nifty Futures at 4432 with stop loss 4425 and it just made 4440 and then hit the stop loss

Buy Nifty Futures at 4370 with stop loss 4360 and when it made third target at 4435, gave cover order

Buy United Phosphrous around 348 with stop loss 347.8 for target 357 and it made 355

Buy Reliance Industries at 2258 with stop loss 2252 for target 2285 and it made 2280

Short Gammon India around 208 with stop loss 210.2 and it made just 206.7 and then hit the small stop loss

Buy BRFL at 336 with stop loss 333.8 and it made 341

Buy Reliance Capital around 1317 with stop loss 1300 for target 1345-1370 and it made 1365