INTRADAY TIPS FOR 31 DECEMBER 2009

GOOD MORNING!!!
WISHING YOU A HAPPY AND PROSPEROUS NEW YEAR 2010

LOWER INDEX FUTURES AND CONSOLIDATION IN EUROPEAN MARKETS TRIGGERED INDIAN INDICES IN PROFIT TAKING. VOLATALITY WAS HIGH AS TRADERS HAVE ROLLED OVER THEIR POSITIONS FROM THE PRESENT MONTH CONTRACT TO THE NEXT MONTH. WE HAVE WITNESSED SOME PROFIT TAKING AFTER A STRAIGHT 4 DAY RALLY, THOUGH WE HAVE WITNESSED SOME PROFIT BOOKING MARKET BREADTH REMAINED STRONG. THERE WAS HIGH ROLLOVER IN TELECOM, BANKING AND FMCG STOCKS AND LOW ROLLOVERS SEEN IN PHARMA AND IT AND LEAST ROLLOVER WAS WITNESSED IN REAL ESTATE.

TODAY WE MAY SEE NIFTY TO BE HIGHLY RANGE BOUND WITH THE EXPIRY. NIFTY MAY TRADE IN NARRO RANGE BOUND WITH POSITIVE BIAS BUT WOULD SUSTAIN ONLY ON THE LEVELS INDICATED BELOW. IF NIFTY TRADES ABOVE 5200 THEN LIKELY TO MOVE UP TO 5222 WHICH IS AGAIN A STIFF RESISTANCE BREAK ABOVE THIS WOULD TAKE NIFTY TO 5250 AND THEN 5270 AND ON THE DOWN SIDE IF NIFTY TRADES BELOW 5160 THEN WE MAY HEAD TOWARDS 5120 AND BREAK BELOW AND SUSTAINED SELLING WOULD DRIFT DOWN TO 5058 LEVELS. BE CAUTIOUS DON’T SHORT ANYTHING IN THE MARKET AS MARKET STILL LOOKING POSITIVE AND BE AWAY FROM BANKING STOCKS. STOCKS LIKE LT, ITC ARE LOOKING WEAK

BUY INDIAN HOTEL SL 100.90 TGT 103/105
BUY HINDOIL EXPLORATION SL 287 TGT 307/312/318
BUY RELINFRA SL 1144 TGT 1169/1179

INTRADAY TIPS FOR 30 DECEMBER 2009

GOOD MORNING!!!

KEY INDICES EXTENDED GAINS FOR THE FOURTH STRAIGHT SESSION ON SUSTAINED BUYING, INDICES HELD AT THEIR HIGHEST LEVEL IN 19 MONTHS. GLOBAL CUES WERE POSITIVE WITH EUROPEAN STOCKS AND MOST ASIAN MARKETS TRADING FIRM. VOLATILITY ROSE AS TRADING PROGRESSED. THE MARKET BREADTH WAS STRONG. POWER GENERATION STOCKS WITNESSED AN ACROSS THE BOARD RALLY ON FRESH BUYING. TELECOM SHARES GAINED. HOWEVER, SOFTWARE PIVOTALS ALSO DECLINED ON PROFIT BOOKING AFTER A RECENT STRONG UPMOVE WHICH HAD PROPELLED SOME OF THE COUNTERS TO A 52-WEEK HIGH. AUTO STOCKS WERE MIXED. HEAVYWEIGHTS RELIANCE INDUSTRIES AND ICICI BANK ROSE. A SELL-OFF PULLED THE MARKET OFF THE HIGHER LEVEL IN LATE TRADE.
TODAY WE MAY SEE NIFTY TO BE RANGE BOUND WITH HIGH VOLATILITY AND STOCK SPECIFIC MOVES. IF NIFTY TRADES ABOVE 5200 THEN WE MAY LIKELY TO HEAD TOWARDS 5222 AND THEN TO 5250 LEVELS AND IF IT TRADES ABOVE 5250 WE MAY SEE NIFTY TO MOVE UP TO 5270 THIS IS CONSIDERED TO BE CRUCIAL RESISTANCE AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5190 THEN LIKELY TO HEAD TO 5160 AND THEN TO 5120 LEVELS AND ANY BREAK BELOW 5120 WILL DRAG NIFTY TO 5058 LEVELS. IF NIFTY CLOSES BELOW 5190 LEVELS IT IS ADVISED TO EXIT POSITIONS AS WE MAY SEE HIGHLY VOLATILE SESSION TOMORROW AS WELL AHEAD OF EXPIRY AND CLOSING BELOW 5120 WE MAY WITNESS HIGH SELLING.
NIFTY BELOW 5190 SL 5198 TGT 5179/5167/ 5159/5147
NIFTY ABOVE 5198 SL 5190 TGT 5210/5222/5228/5240

BUY HCC SL 145 TGT 152/155
BUY TINPLATE SL 68 TGT 75/77
BUY MOSERBAER SL 84 TGT 87.5/88.6
BUY SWISS GLASSCOAT SL 37 TGT 43/45
BUY KINGFISHER SL 59.4 TGT 62.4/63.6 (CAN HOLD POSITIONALLY IF CLOSES ABOVE 63.6)
BUY ONWARD TECHNOLOGIES LTD TGT 46 (CAN HOLD POSITIONALLY FOR A TGT OF 100%/150%/200%)

INTRADAY TIPS FOR 29 DECEMBER 2009

GOOD MORNING!!!

MARKET ON THE THURSDAY WAS EXCEPTIONALLY OUTPERFORMED WITH BULLS TAKING A VERY UPPER HAND AND SUPPORTIVE HAND FROM FOREIGN INSTITUTIONAL INVESTORS LENDING THEIR QUALITY HAND IN TAKING THE NIFTY TO THE 19 MONTH HIGH. ALL THE SECTORS HAVE OUTPERFORMED IN THE LAST TRADING SESSION. WE MAY SEE MARKETS TO REMAIN HIGHLY VOLATILE IN THE WEEK AHEAD AS TRADERS WILL ROLL OVER POSITIONS IN THE DERIVATIVE SEGMENT AHEAD OF EXPIRY. FROM NOW ON WE MAY SEE VERY CAUTIOUS OPTIMISM IN THE MARKETS.

TODAY MARKET MAY OPEN POSITIVE AND REMAIN IN A POSITIVE ZONE WITH NIFTY BREAKING VERY CRUCIAL RESISTANCE LEVELS IN THE LAST TRADING SESSIONS WITH THE HIGHER ADVANCE TAX FIGURES 44% WHICH IS A KEY TO THE GROWTH AND THERE BY SUGGESTING THE BETTER THIRD QUARTER RESULTS MARKET MAY NOT GIVE UP AT THIS JUNCTURE AND LIKELY TO HOLD THE LEVELS. TRADING VOLUMES IN THE MARKET MAY COME DOWN DRASTICALLY WITH MANY FOREIGN AND DOMESTIC FUND MANAGERS TAKING A LONG BREAK WITH A FOUR DAY HOLIDAY AND FRIDAY THE 1ST OF JANUARY 2010 BEING HOLIDAY MIGHT USE THIS OPPORTUNITY FOR A YEAR END VACATION AND TRADING VOLUMES MAY RESUME ONLY AFTER 2ND JANUARY 2010. THE ONLY CONCERN IN THE PRESENT SITUATION IN THE MARKET IS FOOD PRICE INDEX AS FOOD INFLATION IS HOVERING AT 20% WHICH IS A MATTER OF CONCERN. IF NIFTY TRADES ABOVE 5191 THEN IT IS LIKELY TO GO TO 5236 AND THEN 5254 LEVELS ANY CLOSE ABOVE 5200 WILL TAKE NIFTY TO NEW HIGHS. ON THE NEGATIVE SIDE IF NIFTY BREAKS BELOW 5180 THEN MAY FIND ITS WAY TO 5163 AND THEN IT MAY TAKE SUPPORT AT 5134 AND BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5117, ANY CLOSE BELOW 5163 IS A CAUTION TO STAY AWAY FROM LONGS AND EVERYONE IS CAUTIONED TO STAY INVESTED ONLY 25% OF THE CAPITAL AS THE MARKET IS AT ITS PEAK AND TRADING IN WAVE 5 ACCORDING TO ELLIOT WAVE THEORY

BUY TATAMOTORS SL 774 TGT 785/794/811
BUY IBREAL SL 214.9 TGT 224/228
BUY RELINFRA SL 1074 TGT 1113/1131
BUY SIEMENS SL 569 TGT 583/589
BUY HOTELLEELA SL 43.5 TGT 46.35/48
BUY HCC SL 145 TGT 152.5/157.65
POSITIONAL TRADES
BUY MEDICAMEN BIOTECH AT 24 TGT 47/120

INTRADAY TIPS FOR 24 DECEMBER 2009

GOOD MORNING!!!

ALL THE INDICES IN THE MARKET HAVE OUTPERFORMED AFTER THE FINANCE MINISTER, PRANAB MUKHERJEE, SAID THE ECONOMY COULD GROW BY 7.5% TO 8% DURING THE CURRENT FINANCIAL YEAR, THIS HAS TRIGGERED THE MARKETS TO THE NEW HIGH WITH FII’S PARTICIPATING IN A HIGH NOTE ALONG WITH RETAILERS. ALL THE FRONT END STOCKS HAVE MOVED EXCEPTIONALLY WELL. ON THE TECHNICAL TERMS AS TOLD TO EVERYONE ONE SHOULD GO LONG WITH A STRICT STOPLOSS OF 4940 MARKET HAS TAKEN STRONG SUPPORT AT THIS JUNCTURE AND HAS BOUNCED BACK AS TOLD, THIS BULL RUN WILL CONTINUE IF NIFTY BREAKS 5240 AND SUSTAINS WITH VOLUMES.
TODAY IF NIFTY TRADES ABOVE 5164 THEN WE ARE LIKELY TO RESIST 5190 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5350 LEVELS ANY CLOSING ABOVE 5200 IS EXPECTED TO BE VERY BULLISH AND ONE CAN GO LONG. IF NIFTY BREAKS BELOW 5140 THEN LIKELY TO COME DOWN TO 5106 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 5070 WHICH WE MAY NOT SEE TODAY.
BUY JINDALSTEEL SL 720 TGT 735/745/752
BUY SAIL SL 234 TGT 239/243/249
BUY SUZLON SL 87.4 TGT 90.5/94.3/98
BUY PRAJ SL 100.85 TGT 104.5/107.8/110

INTRADAY TIPS FOR 23 DECEMBER 2009

GOOD MORNING!!!

INDICES EDGED HIGHER AFTER A THREE DAY FALL TRIGGERED BY WORLD INDICES ALONG WITH HIGHER ADVANCE TAX PAYMENT. BANKING AND REALTY STOCKS GAINED. METAL STOCKS ALSO ROSE TRACKING HIGHER METAL PRICES ON THE LONDON METAL EXCHANGE. THE MARKET BREADTH WAS STRONG. THE GOVERNMENT HAS SIGNED TWO LOAN AGREEMENTS TOTALLING $850 MILLION WITH THE ASIAN DEVELOPMENT BANK (ADB), THE FINANCE MINISTRY SAID IN A STATEMENT ON TUESDAY. THE ADB WILL PROVIDE A $700-MILLION LOAN, IN THREE TRANCHES IN AS MANY YEARS, TO STATE-RUN INDIA INFRASTRUCTURE FINANCE COMPANY TO FUND THE COUNTRY'S INFRASTRUCTURE PROGRAMME. THE MANILA-BASED BANK WILL LEND $150 MILLION IN FOUR TRANCHES OVER A PERIOD OF THREE YEARS, THE STATEMENT ADDED, FOR THE RESTRUCTURING AND DEVELOPMENT OF KHADI INDUSTRY, WHICH MAKES INDIA'S TRADITIONAL HANDSPUN FABRIC. KEEP AN EYE ON MEDIA STOCKS, AND OIL

TODAY MARKETS WOULD BE VOLATILE AND RANGE BOUND NIFTY AS TOLD TOOK GOOD SUPPORT AT 4940 LEVELS AND BOUNCED BACK, IF NIFTY BREAKS 5003 THEN WILL HEAD TOWARDS 5070 LEVELS AND BREAK BELOW 4940 WOULD TAKE NIFTY TO MUCH LOWER LEVELS AS TOLD IN THE PREVIOUS TRANSCRIPT.

BUY JINDAL STEEL SL 709 TGT 719/725
BUY BPCL SL 604 TGT 616/624/640
BUY SAIL SL 222 TGT 230/234
BUY TATASTEEL SL 574 TGT 584/590
BUY IBREAL SL 207 TGT 216/218

INTRADAY TIPS FOR 22 DECEMBER 2009

GOOD MORNING!!!

INDICES SLUMPED TO HIT FRESH DAY'S LOW IN LATE TRADE. REALTY, METAL, AUTO AND CAPITAL GOODS STOCKS FELL. THE MARKET WAS VOLATILE. THE MARKET EDGED LOWER IN EARLY TRADE ON WEAK ASIAN STOCKS. THE MARKET CUT LOSSES AFTER HITTING FRESH INTRADAY LOW IN MORNING TRADE. THE MARKET MOVED BETWEEN POSITIVE AND NEGATIVE ZONE NEAR THE FLAT LINE IN EARLY AFTERNOON TRADE. THE MARKET WEAKENED ONCE AGAIN IN AFTERNOON TRADE. MARKET SLUMPED TO HIT FRESH DAY'S LOW IN LATE TRADE. AS PER REPORTS, INDIAN FIRMS PAID 24% MORE IN ADVANCE TAX FOR THE OCTOBER-DECEMBER 2009 YEAR-ON-YEAR, SUGGESTING HIGHER PROFIT GROWTH AS ECONOMIC RECOVERY PICKED UP PACE. TOP 100 FIRMS' ADVANCE TAX PAYMENTS WERE UP MORE THAN 30% IN THE DECEMBER 2009 QUARTER.

TODAY MARKETS LOOKS VOLATILE AND RANGE BOUND, ONE CAN TAKE LONG POSITIONS IF NIFTY IS ABOVE 4940 AND ANY CLOSE BELOW 4940 IS CONSIDERED TO BE VERY WEAK AND NIFTY EXPECTED TO DECLINE MUCH FURTHER THAN ANTICIPATED, IT CAN TOUCH 4800, ON INTRADAY TERMS NIFTY IF BREAKS 4940 THEN WE CAN SEE NIFTY TO TAKE SUPPORTS AT THE FOLLOWING LEVELS 4917 AND BREAK BELOW THIS WOULD TAKE SUPPORT AT 4893. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 4952 THEN IT IS LIKELY TO TOUCH 4966 TRADE ABOVE THIS LEVEL WOULD TAKE NIFTY TO 4980 AND BREAK ABOVE THIS POINT WILL TAKE NIFTY TO 5003 WHICH IS AGAIN A GOOD RESISTANCE.

BUY HDIL SL 339 TGT 344.9/348/351
BUY KRBL SL 219 TGT 228/236/240.8
BUY AXISBANK ABOVE 957 SL 949 TGT 965/977/985
BUY NTPC SL 208 TGT 210/211.5
SELL HINDALCO SL 138.8 TGT 132/129.40
SELL RECLTD SL 229.70 TGT 226/224/220/80

INTRADAY TIPS FOR 21 DECEMBER 2009

GOOD MORNING!!!

THE KEY BENCHMARK INDICES EXTENDED LOSSES IN LATE TRADE ON SPECULATION THE CENTRAL BANK WOULD TIGHTEN MONETARY POLICY TO HELP STEM RISING PRICES. THE YIELD ON THE 10-YEAR BENCHMARK BOND ROSE TO 7.7%, MATCHING A 13-MONTH HIGH HIT ON 11 DECEMBER 2009., RELIANCE INDUSTRIES AND ICICI BANK, SLUMPED. FMCG, BANKING AND REALTY STOCKS FELL. INTRADAY VOLATILITY WAS HIGH. THE MARKET CUT LOSSES SOON AFTER AN EARLY SLIDE. THE MARKET CAME OFF THE HIGHER LEVEL LATER. THE MARKET RECOVERED FROM LOWER LEVEL AFTER HITTING A FRESH INTRADAY LOW IN MORNING TRADE. THE MARKET SLUMPED, REVERSING COURSE AFTER MOVING INTO POSITIVE ZONE FROM NEGATIVE ZONE FOR A SHORT WHILE IN AFTERNOON TRADE. THE MARKET EXTENDED LOSSES IN LATE TRADE WITH THE SENSEX ENDING AT THE LOWEST LEVEL OF THE DAY.
TODAY MARKET WOULD BE VOLATILE AND RANGE BOUND AND MARKET IS EXPECTED TO BE RANGE BOUND FOR A SHORT PERIOD HERE. NIFTY IF BREAKS AND TRADES BELOW 4940 THEN ONE CAN REMAIN SHORT WITH A STOPLOSS OF 5004 AND ANY CLOSE BELOW 4940 IS CONSIDERED TO BE VERY CRUCIAL ONE CAN STAY IN SHORTS AND CARRY THEM FOR THE NEXT TRADING SESSIONS AS WELL. IF NIFTY CLOSES BELOW 4940 THEN LIKELY TO TEST 4800 LEVELS. AND ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 4996 THEN LIKELY TO MOVE UP TO 5027 AND 5040 AND BREAK ABOVE 5040 THEN LIKELY TO MOVE UP TO 5059 AND ANY CLOSE ABOVE 5059 IS CONSIDERED TO BE VERY GOOD.
BUY WIPRO SL 670 TGT 682/685
BUY TATAMOTORS ABOVE 731 SL 727 TGT 739/746/751/758
BUY ABB ABOVE 763 SL 759 TGT 769/774

BUY TRIVENI ENGG SL 103 TGT 110/113/116

BUY IBREAL SL 204 TGT 212/215

INTRDAY TIPS FOR 18 DECEMBER 2009

GOOD MORNING!!!

INDICES TRADED LOWER IN THE MARKET AS WORLD STOCKS FELL AFTER THE FEDERAL RESERVE DECIDED TO REMOVE EXCESS LIQUIDITY FROM THE FINANCIAL SYSTEM, AS PREVIOUSLY PLANNED. OVERALL MARKET WAS VERY VOLATILE ALL THROUGH THE DAY WITH MOODY’S INVESTORS SERVICE UPGRADATION OF RATING IN 14 BANKING STOCKS FROM BA2 TO BA1 BANKING STOCKS RALLIED. OVERALL BREADTH OF THE MARKET STILL REMAINED STRONGER.

MARKETS HAVE REACHED A STAGE OF CONSLIDATION FOR THE PAST 3 DAYS THOUGH AT THIS STAGE WITH ALL WORLD INDICES IN RED OUR MARKET ALSO LOOKS VOLATILE WITH NEGATIVELY BIASED. IT IS ADVISED TO STAY AWAY FROM HUGE INVESTMENTS AS THE INDICIES ARE IN THE RANGE OF UNCERTAINITY AND AVOID CALL AND PUT OPTIONS AS THE INDICES ARE IN THE SIDEWAY MOVEMENT ALL THE OPTIONS WILL SLOWLY COME DOWN THERE BY NULLIFYING YOUR PREMIUM SO AVOID THEM AT THIS STAGE. I WOULD ADVISE YOU TO TRADE IN LESS QUANTITY AS THE MARKET IS HIGHLY RANGE BOUND AND VOLATILE AND KEEP STOPLOSSES LITTLE DEEPER AND BOOK PROFITS AT REGULAR INTERVALS AS IT WILL PUT YOU IN SAFEST PLACE AND DON’T HOLD ANY POSITION WHEN STOPLOSS TRIGGERS AS THERE IS EVERY POSSIBILITY THAT YOUR MONEY MAY GET STRUCK. TODAY IF NIFTY TRADES BELOW 5020 THEN WE CAN SEE NIFTY TO TAKE SUPPORT AT 5000 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 4940 AND ANY TRADE BELOW 4940 IS WEAK AND ONE CAN INITIATE FRESH SHORTS BELOW 4940 AND HOLD THEM POSITIONALLY. AND ON THE UPSIDE GO LONG ONLY IF NIFTY TRADES ABOVE 5070 ON THE CLOSING BASIS

SELL LT SL 1671 TGT 1641/1635
SELL JSPL SL 723 TGT 708/704/702
SELL HDFC SL 1691 TGT 1658/1646
SELL DLF SL 370 TGT 358/355
BUY HCL TECH SL 348 TGT 362/365
BUY 3I INFO SL 82 TGT 89/92

INTRADAY TIPS FOR 17 DECEMBER 2009

GOOD MORNING!!!
INDICES HAVE TAKEN AN UP MOVE IN A VERY VOLATILE SESSION ON THE RISE OF EUROPEAN AND US INDEX FUTURES AND INDICES. IT AND METALS WERE THE STAR PERFORMERS OF THE DAY, BANKING STOCKS AND REALITY WERE NEGATIVE AND OVERALL THE MARKET BREADTH WAS WEAK. THE VOLATILITY ON THE INDICES WAS VERY HIGH, MARKET KEPT HOVERING IN POSITIVE AND NEGATIVE TERRITORY WITH A VERY NARROW RANGE BOUND UNTIL IT HAS BROKEN 5040 LEVELS. MANY INDIAN FIRMS HAVE REPORTEDLY PAID HIGHER ADVANCE TAX IN THE THIRD INSTALLMENT. AS PER MEDIA REPORTS, TATA MOTORS HAS PAID RS 100 CRORE IN THIRD QUARTER VERSUS NIL PAYMENT IN THE SAME PERIOD LAST YEAR. MAHINDRA & MAHINDRA PAID RS 195 CRORE VERSUS RS 4.5 CRORE. TATA STEEL PAID RS 650 CRORE VERSUS RS 260 CRORE. HINDALCO INDUSTRIES PAID RS 100 CRORE VERSUS RS 40 CRORE. HINDUSTAN UNILEVER PAID RS 200 CRORE VERSUS RS 155 CRORE, LARSEN & TOUBRO PAID RS 270 CRORE VERSUS RS 210 CRORE, GRASIM INDUSTRIES Q3 ADVANCE TAX AT RS 150 CRORE VERSUS RS 75 CRORE, ULTRATECH CEMENT PAID RS 90 CRORE VERSUS RS 65 CRORE, HDFC'S Q3 ADVANCE TAX WAS AT RS 320 CRORE VERSUS RS 280 CRORE. BAJAJ AUTO PAID RS 320 CRORE VERSUS RS 105 CRORE. THE COUNTRY'S LARGEST PRIVATE SECTOR COMPANY RELIANCE INDUSTRIES PAID RS 850 CRORE, VERSUS 450 CRORE YEAR-AGO PERIOD. TATA CONSULTANCY SERVICES' Q3 ADVANCE TAX WAS AT RS 177 CRORE VERSUS RS 129 CRORE. ACC'S Q3 ADVANCE TAX WAS AT RS 110 CRORE VERSUS RS 125 CRORE. HDFC BANK'S Q3 ADVANCE TAX JUMPED TO RS 400 CRORE FROM RS 300 CRORE. STATE BANK OF INDIA Q3 ADVANCE TAX WAS AT RS 1795 CRORE VERSUS RS 1700 CRORE. ICICI BANK'S Q3 ADVANCE TAX FELL TO RS 301 CRORE VERSUS RS 625 CRORE. OVERALL THE ONLY WORRY IN THE MARKET IS MONETARY POLICY WHICH MAY COME IN THIS MONTH. WITH INFLATION SURGING, RBI MAY TIGHTEN THE MONITORY POLICY THIS MONTH.

TODAY MARKET LOOKS RANGE BOUND. IF NIFTY TRADES ABOVE 5050 THEN ONE CAN SEE NIFTY TO SURGE UP TO 5070 AND TRADE ABOVE 5070 WITH VOLUMES THEN WE CAN SEE NIFTY TO TOUCH 5100 AND SEE SOME RESISTANCE AT 5110 AND ANY BREAK ABOVE THIS LEVEL WOULD TAKE NIFTY TO 5165 LEVELS. ON THE DOWNSIDE IF NIFTY TRADES BELOW 5040 THEN IT CAN COME DOWN TO 5003 AND TRADE BELOW 5000 ONE CAN SEE NIFTY TO HAVE A GOOD SUPPORT AT 4940 AND BREAK BELOW THIS LEVEL CAN SEE HEAVY SELLING IN NIFTY IN COMING DAYS. ONE IS ADVISED TO STAY LONG ABOVE 5111 AND SHORT BELOW 4940 ON CLOSING BASIS AND ON INTRADAY ONE CAN FOLLOW THE ABOVE LEVELS.

BUY STERLIGBIO SL 97 TGT 102.70/106.95/110.40
BUY ESSAR OIL SL 133 TGT 138/140/144
BUY IREAL SL 202 TGT 211/215/220
BUY ADSL TGT 234/240/246
BUY M&M SL 1040 TGT 1065/1074/1094
BUY ACC SL 850 TGT 869/878

INTRADAY TIPS FOR 16 DECEMBER 2009

GOOD MORNING!!!

INTRADAY VOLATILITY WAS HIGH, WE HAVE WITNESSED SELLING IN BANK STOCKS RIGHT FROM THE BEGINNING OF THE TRADE SELLING FEARS OF MONETARY TIGHTENING BY THE CENTRAL BANK. AUTO AND CAPITAL GOODS STOCKS ALSO FELL. THE MARKET BREADTH TURNED WEAK. THE MARKET PARED GAINS AFTER AN EARLY SURGE TRIGGERED BY HIGHER ADVANCE TAX NUMBERS BY SOME INDIAN FIRMS FOR THE THIRD INSTALLMENT. THE MARKET REGAINED STRENGTH IN MORNING TRADE. BUT THE INTRADAY REBOUND WAS SHORT-LIVED. THE MARKET ONCE AGAIN PARED GAINS IN MID-MORNING TRADE. THE MARKET SLIPPED INTO THE RED LATER AS THE DOLLAR STRENGTHENED AND THE DISAPPOINTING ICICI BANK ADVANCED TAX NUMBERS HAS FURTHER WEAKEND THE MARKET AND THE NUMBERS WERE BELOW THE EXPECTATIONS.

TODAY MARKET WOULD REMAIN VOLATILE. IF NIFTY TRADES BELOW 5031 LIKELY TO TEST 5003 AND BREAK BELOW 5000 THE IT IS LIKELY TO TAKE SUPPORT AT 4978 BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 4940 THIS IS ONE OF THE VERY GOOD SUPPORT ANY BREAK BELOW 4940 IS CONSIDERED TO BE WEAK AND NIFTY CAN DECLINE TO 4800 IN A VERY SHORT TIME. ON THE UPSIDE IF NIFTY TRADES ABOVE 5041 THEN LIKELY TO HAVE SOME RESISTANCE AROUND 5070 BUT ANY BREAK IN VOLUMES AT THIS LEVEL WOULD AGAIN TAKE NIFTY TO 5111 LEVELS AND ANY CLOSE ABOVE 5100 IS AGAIN CONSIDERED TO BE BULLISH AND ONE CAN RETAIN THEIR POSITIONS ON THE LONG SIDE. KEEP AN EYE ON OIL STOCKS ALONG WITH IT STOCKS.

BUY ORCHID CHEMICALS SL 219 TGT 229/234
BUY WIPRO SL 654 TGT 664/675
SELL GAIL SL 416.7 TGT 401/396
SELL TATAMOTORS SL 701 TGT 691/686
SELL AXISBANK SL 977 TGT 961/952
SELL UNION BANK SL 261 TGT 251/247
SELL ABAN SL 1231 TGT 1211/1200/1192

INTRADAY TIPS FOR 15 DECEMBER 2009

GOOD MORNING!!!

THE MARKET PARED GAINS AFTER HITTING FRESH INTRADAY HIGH IN MID-MORNING TRADE, A SURGE IN HEADLINE INFLATION PULLED THE MARKET LOWER WITH BANK SHARES LEADING THE SLIDE, BANKING SHARES FELL ON A LIKELY MONETARY TIGHTENING BY THE RBI AFTER A SHARP JUMP IN INFLATION.. METAL AND FMCG STOCKS FELL. BUT, CEMENT AND IT STOCKS ROSE. IT STOCKS ROSE AFTER STRONGER-THAN-EXPECTED RETAIL SALES AND CONSUMER SENTIMENT DATA IN THE US REINFORCED INVESTOR CONFIDENCE IN A STEADY ECONOMIC RECOVERY THE MARKET BREADTH WAS WEAK IN CONTRAST TO A STRONG BREADTH IN EARLY TRADE. THE MARKET MOVED BETWEEN POSITIVE AND NEGATIVE ZONE LATER. CLOSER HOME, INFLATION BASED ON THE WHOLESALE PRICE INDEX (WPI) SURGED 4.78. THAT WAS MUCH HIGHER THAN PREVIOUS MONTH'S ANNUAL RISE OF 1.34%. THE FOOD ARTICLE INDEX WITHIN THE WHOLESALE PRICE INDEX ROSE 16.71% IN NOVEMBER 2009. THE MANUFACTURING PRODUCTS INDEX IN THE WPI ROSE AN ANNUAL 3.99%. THE DISINVESTMENT PROGRAMME IS REPORTEDLY SET TO ENTER AN AMBITIOUS PHASE IN THE NEXT FINANCIAL YEAR WITH THE DEPARTMENT OF DISINVESTMENT PLANNING TO SEEK CABINET APPROVAL FOR A HOST OF COMPANIES FROM JANUARY 2010. THE CABINET HAS SO FAR FOLLOWED A CAUTIOUS APPROACH IN APPROVING DISINVESTMENT IN COMPANIES, THOUGH IT HAS SIMULTANEOUSLY COME OUT WITH A BROAD POLICY DIRECTION FOR THE PROGRAMME. BASED ON THE POLICY, THE DISINVESTMENT DEPARTMENT HAS PREPARED A LIST OF UP TO 30 COMPANIES THAT CAN BE CONSIDERED FOR DISINVESTMENT .

TODAY MARKET LOOKS RANGE BOUND WE CAN SEE VERY STOCK SPECIFIC MOVES IN THE MARKET AND MARKET MAY REMAIN VOLATILE AS TODAY BEING THE LAST DAY FOR ADVANCE TAX PAYMENT FOR THIS QUARTER WE MAY SEE SHARP UP AND DOWNSIDE MOVEMENT ON THE BASIS OF TAX FILING. TODAY IF NIFTY TRADES BELOW 5105 THEN LIKELY TO SEE NIFTY TO SLIDE DOWN TO 5070 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 5003 WITH MINOR SUPPORT AROUND 5040. AND ON THE UPSIDE IF NIFTY TRADES ABOVE 5130 THEN WE CAN SEE NIFTY TO TOUCH 5165 AND TRADE ABOVE 5165 CONVINCINGLY WOULD TAKE NIFTY TO NEW HIGHS OF THE YEAR. IF NIFTY TRADES ABOVE 5165 THEN ONE CAN SEE NIFTY TO MOVE UP TO 5265 IN A VERY SHORT TIME. LOOK AT CEMENT STOCKS, EDUCATION STOCKS.

BUY RANBAXY SL 514 TGT 526/534/542
BUY AMBUJACEM SL 98 TGT 102/105
BUY INFOSYSTECH SL 2487 TGT 2517/2540
BUY NIIT TECH SL 174 TGT 181/184
BUY INDIA CEMENTS SL 117 TGT 125/128

INTRDAY TIPS FOR 14 DECEMBER 2009

GOOD MORNING!!!
WITH THE INDUSTRIAL OUTPUT DATA COMING WELL BELOW THE EXPECTATIONS OF THE MARKET, MARKET HAS GIVEN UP GAINS WITH A SHARP FALL IN INDICES THOUGH THE RECOVERY WAS SHORT LIVED DURING THE DAY AT LAST ENDED IN RED. WE MAY SEE SOME STOCKS-SPECIFIC ACTIVITY IN COMING DAYS, WITH INVESTORS REACTING TO CORPORATE ADVANCE TAX PAYMENTS DATA WHICH IS DUE ON 15 DEC, THIS DATA WILL GIVE AN INDICATION OF INDUSTRY'S PERFORMANCE IN COMING MONTHS WHICH MAY ELIVATE SOME STOCKS TO NEW HIGHS. IN THE LAST QUARTER WE HAVE WITNESSED ADVANCE TAX PAYMENTS GREW BY 14.7% WHICH CLEARLY SHOWS THE SIGNS OF RECOVERY, WITH THIS FIGURES AND GROWTH RATE GOVERNMENT IS HOPEFUL ADVANCE TAX PAYMENTS MAY PROVE TO BE HELPFUL IN METTING THE SHORTFALL IN DIRECT TAX COLLECTIONS. BUT, ONE HAS TO REMEMBER THAT EVEN THOUGH THERE MAY BE STOCK SPECIFIC MOVES ON NEWS OF ADVANCED TAX IN THE STOCK SPECIFIC COUNTERS ONE HAS TO BEAR IN MIND THAT MARKETS HAVE RALLIED QUITE SHARPLY FROM MARCH THIS YEAR, WE CANNOT RULE OUT THE CORRECTION AT ANY STAGE BUT WITH ALL THE FIGURES SHOWING GOOD GROWTH AND IMPROVEMENT IN THE ECONOMY WE CANNOT RULE OUT THE BUYING AT LOWER LEVELS. FOREIGN INVESTORS HAVE BEEN INVESTING IN A RECORD MANNER WITH $75.4 BILLION WHICH IS THE HIGHEST SURPASSING THE PREVIOUS HIGH OF $54 BILLION IN 2007 AND THIS FIGURES ARE TAKEN TILL 09 DEC 09.

TODAY MARKETS LOOK RANGE BOUND WITH VERY STOCK SPECIFIC MOVES. IF NIFTY TRADES ABOVE 5111 THERE IS EVERY POSSIBILITY TO MOVE UP TO 5135 BREAK ABOVE THIS WILL TAKE NIFTY TO 5165 AND ONE REMAIN IN LONG IF NIFTY CLOSES ABOVE 5165 AND ON THE DOWN SIDE IF NIFTY TRADES BELOW 5098 THEN WE CAN SEE NIFTY TO SLIDE DOWN TO 5070 AND BREAK BELOW THIS LEVEL WILL HAVE A MINOR SUPPORT AT 5040 AND BREACHING THIS LEVEL WOULD TAKE NIFTY TO 5003 AND ONE CAN REMAIN IN SHORT IF NIFTY TRADES BELOW 5070. ON THE HOLDING SIDE WITH LESS RISK ONE CAN LOOK AT COMMUNICATION STOCKS AS THEY ARE WORST EFFECTED AND ARE IN AN UPMOVE AT CURRENT LEVELS ONE IS ADVISED TO TAKE OPTION CALLS ON LONG SIDE AS THAT IS VERY LESS RISKY AND ONE CAN MAXIMIZE GAINS.
BUY JINDALSTEL SL 738.6 TGT 749/758/764
BUY BHARAT FORGE SL 271 TGT 277/282/285
BUY GSSAMERICA SL 264 TGT 294/300/305
SELL AXISBANK BELOW 1003 SL 1011 TGT 989/980
POSITIONAL TRADES
BUY BANG OVERSEAS 49 TGT 62
BUY RENAISSANCE JEWELLERY 51.9 TGT 65
BUY ZICOM ELECTRONIC SECURITY @ 100.35 TGT 155 SL 85
BUY IVP LTD AT 35 TGT 70/105/150

INTRADAY TIPS FOR 11 DECEMEBER 2009

GOOD MORNING!!!

MARKETS INITIALLY THOUGH RANGE BOUND TOOK OFF WITH GOOD VOLUMES ON THE POSITIVE SIDE AND OVER ALL THOUGH OUT THE DAY MARKET REMAINED POSITIVE AND AFTER, RESERVE BANK OF INDIA ANNOUNCED CAPITAL FLOWS INTO INDIA ARE IN LINE WITH REQUIREMENT AND AS OF NOW THERE IS NO CONCERN OF THE FLOWS BUILDING ASSET PRICE BUBBLES AND THE NEW OVERSEAS BORROWING NORMS ARE PART OF INDIA'S CAPITAL ACCOUNT MANAGEMENT AND THEY DO NOT INDICATE CAPITAL CONTROL, MARKET REMAINED FIRM THROUGH OUT THE DAY. TELECOM STOCKS JUMPED AFTER THE GOVERNMENT ALLOWED FOREIGN BORROWING TO FUND 3G SPECTRUM FEES. FMCG STOCKS FELL. BUT, METAL, BANKING AND CAPITAL GOODS STOCKS ROSE.

TODAY MARKET LOOKS RANGE BOUND WITH POSITIVE OUTLOOK ONCE IT CROSSES 5155. ON INTRADAY BASIS IF NIFTY TRADES ABOVE 5155 THEN IT IS EVIDENT IT MAY GO UP TO 5192 LEVEL AND BREAK ABOVE 5165 LEVELS WOULD TAKE NIFTY TO 5265 IN A VERY SHORT TIME, ONE CAN STAY POSITIONALLY LONG IN NIFTY IF NIFTY CLOSES ABOVE 5165 LEVELS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5111 THEN IT IS EVIDENT THAT NIFTY WOULD COME DOWN TO 5070 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 5003 THOUGH A MINOR SUPPORT EXISTS AROUND 5040 LEVEL BUT VOLUME SELLING WOULD NOT BE SUPPORTED AT 5040 LEVELS. ONE IS ADVISED TO STAY SHORT ONCE NIFTY BREAKS 5070 LEVELS. TAKE CLOSE WATCH ON BANKING SECTOR AND PHARMA.

BUY ICICIBANK SL 869 TGT 880/888/895
BUY CHAMBAL FERT SL 57 TGT 61/63.2
BUY ICSA SL 184 TGT 194/196.3/201.6
BUY UCO BANK SL 58.4 TGT 61.25/62.70
BUY LT SL 1669 TGT 1704/1721

INTRADAY TIPS FOR 10 DECEMBER 2009

GOOD MORNING!!!

WEAK GLOBAL STOCKS WEIGHED ON INVESTOR SENTIMENT ALONG WITH PROFIT BOOKING HAS LED THE INDICES TO THE LOWER LEVELS. METAL AND BANKING STOCKS LED THE DECLINE WHILE IT STOCKS ROSE. INTRADAY VOLATILITY WAS HIGH. THE MARKET RECOVERED SOON AFTER AN INITIAL SLIDE CAUSED BY WEAK ASIAN STOCKS BUT COULD NOT WITHSTAND THE HIGHER LEVELS. INDICES ARE ALMOST AT THE YEAR HIGHS AND INVESTORS ARE TO WORRY ABOUT, DOWNGRADED RATINGS FOR GREECE AND A RAFT OF DUBAI GOVERNMENT-CONTROLLED COMPANIES. ONE IS ADVISED TO STAY VERY CAUTIOUS IN THIS MARKET BUT ONE SHOULD BE WITH THE TREND.

TODAY MARKETS WOULD BE RANGE BOUND. IF NIFTY TRADES ABOVE 5111 THEN IT IS LIKELY TO TAKE TO 5140 AND TRADE ABOVE THIS LEVEL WITH VOLUMES WE MAY SEE NIFTY TO GO TO 5165 WHERE IT MAY FACE A STRONG RESISTANCE BUT BREAK ABOVE THIS LEVEL WOULD TAKE NIFTY TO NEW HIGHS OF THE YEAR AND ONE HAS TO SEE THIS LEVEL AS VERY CRUCIAL. AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5097 THEN IT IS EVIDENT THAT IT WILL PHASE SOME SUPPORT AT 5070 BUT BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5040 WHERE IT WILL HAVE A SLIGHT SUPPORT IF THIS LEVEL IS BROKEN IT WILL COME DOWN TO 5003. METALS LOOKS WEAK.

BUY SATYAM SL 99 TGT 106/109
BUY HDIL SL 339 TGT 352/358
BUY MARUTI SL 1594 TGT 1628/1645/1668
SELL STER SL 844 TGT 824/818
SELL TATASTEEL SL 551 TGT 538/532
POSITIONAL TRADES
BUY FRESHTROP FRUITS AT 39 TGT 55/76

INTRADAY TIPS FOR 09 DECEMBER 2009

GOOD MORNING!!!

INDICES EXTENDED GAINS AFTER THE REBOUND IN EUROPEAN MARKETS AND HIGHER US INDEX FUTURES. MARKETS TRIGGERED SOON AFTER ANNOUNCEMENT THAT IT WILL SEEK PARLIAMENTARY APPROVAL TO SPEND AN EXTRA RS 25725-CRORE ($5.5 BILLION) FOR THE FISCAL YEAR TO END-MARCH 2010. THE GROSS ADDITIONAL EXPENDITURE WOULD BE RS 30943 CRORE, OF WHICH 5217 CRORE WOULD BE MET THROUGH SAVINGS, THE GOVERNMENT SAID. THE GOVERNMENT WILL SPEND AN EXTRA RS 3000 CRORE ON FERTILISER SUBSIDIES AND RS 3460 CRORE ON FOOD SUBSIDIES. THE GOVERNMENT WOULD ALSO SPEND RS 800 CRORE ON AN EQUITY INFUSION IN STATE-RUN CARRIER AIR INDIA. MOST ASIAN STOCKS DECLINED ON TUESDAY AFTER BERNANKE SAID THE US ECONOMY FACES FORMIDABLE HEADWINDS BUT THE BERNANKE EFFECT WAS NOT SEEN IN THE INDIAN MARKETS WITH US AND EUROPEAN TRADING IN POSITIVE ZONES. RELIANCE INDUSTRIES ROSE 2.42% TO RS 1081.20 AS IT WAS REPORTEDLY IN TALKS WITH MORE THAN A DOZEN BANKS TO READY A $8-10 BILLION WAR CHEST FOR THE ACQUISITION OF LYONDELLBASELL, THE WORLD'S THIRD-LARGEST PETROCHEMICAL COMPANY THAT HAS FILED FOR BANKRUPTCY IN THE US. ALL IN ALL MARKETS WENT UP ON A VERY VERY STRONG NOTE BREAKING ALL THE BARRIERS OF CONSOLIDATION AND THERE WAS A GOOD VOLUMES ON NIFTY.

TODAY MARKET WOULD BE FIRM AND RANGE BOUND. IF NIFTY BREAKS 5165 AND TRADES ABOVE THIS LEVEL ON A STRONG NOTE IT WILL TAKE NIFTY TO NEW HIGHS, NIFTY MAY GO TO 5265 LEVELS IN A VERY SHORT TIME IF SUSTAINS ABOVE 5165. IF NIFTY TRADES BELOW 5140 THEN LIKELY TO TEST 5097 LEVELS. ONE CAN INITIATE LONG TRADES IF NIFTY CLOSES ABOVE 5165 LEVELS WITHOUT HESITATION AND BE SHORT ON THE NIFTY AS LONG AS NIFTY TRADES BELOW 5165.

BUY IDBI SL 135 TGT 140/142
BUY IBREAL ABOVE 222 SL 214 TGT 224/229
BUY JSWSTEEL ABOVE 1015 SL 1004 TGT 1029/1045
BUY JPASSOCIATES ABOVE 230 SL 227.4 TGT 234/237
SELL MARUTI SL 1576 TGT 1560/1547
SELL RANBAXY SL 508 TGT 500/494
SELL SBIN 2316 TGT 2295/2281
SELL ONGC SL 1186 TGT 1168/1160

INTRADAY TIPS FOR 08 DECEMBER 2009

GOOD MORNING!!!

INDICES INDICES EXTENDED LOSSES IN LATE TRADE TRACKING WEAK EUROPEAN STOCKS AND LOWER US INDEX FUTURES. INTRADAY VOLATILITY WAS HIGH. METAL STOCKS TUMBLED ON DECLINE IN METAL PRICES ON THE LONDON METAL EXCHANGE. BANKING, AUTO AND REALTY STOCKS ALSO FELL.

TODAY MARKET LOOKS RANGE BOUND TO NEGATIVELY BIASED AS THE ASIAN STOCKS ON THE WEAKER SIDE ALONG WITH AMERICAN INDICES FLAT. WE WILL SEE A NEGATIVE OPENING IN THE MARKET TODAY AND IF NIFTY TRADES BELOW 5070 THEN IT IS LIKELY TO TAKE A SUPPORT AT 5040 AND BREAK BELOW THIS LEVEL WE CAN SEE NIFTY TO SLIDE DOWN TO 5003 AND BELOW THIS LEVEL WE CAN SEE NIFTY TO TOUCH 4940 LEVELS THIS IS THE STRONGEST SUPPORT FOR NIFTY. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5111 THEN WE CAN SEE NIFTY TO SURGE UP TO 5140 AND THEN TO 5165. KEEP AN EYE ON RELIANCE GROUP.

BUY PIRAMAL HEALTH SL 414 TGT 428/434/442
BUY PFC SL 264 TGT 272/276/279
BUY SUZLON SL 80 TGT 85.60/90
SELL CAIRN SL 277 TGT 266/262
SELL STER SL 865 TGT 837/818
SELL SAIL SL 211 TGT 200/196
SELL RPOWER SL 149 TGT 141/137

INTRADAY TIPS FOR 07 DECEMBER 2009

GOOD MORNING!!!

LAST TRADING DAY WE HAVE WITNESSED AN IMMENSE INTRADAY VOLATALITY. THE MARKET RECOVERED FROM LOWER LEVEL FROM AN INITIAL SLIDE TRIGGERED BY WEAK ASIAN STOCKS. THE SENSEX MOVED INTO POSITIVE ZONE. IT FELL ONCE AGAIN INTO THE RED IN MID-MORNING TRADE. THE MARKET SURGED IN EARLY AFTERNOON TRADE AS STOCKS ROSE IN CHINA AND JAPAN. THE RESERVE BANK OF INDIA (RBI) IS LIKELY TO REVISE UPWARDS GROWTH FORECASTS FOR 2009/10 WHEN IT REVIEWS POLICY IN JANUARY 2010 AND MONETARY ACTION MAY BE NEEDED IF INFLATION ACCELERATES, INDIA'S EXIT FROM ITS LOOSE POLICY WOULD BE A CHALLENGE AND MANAGING THE CRISIS WAS EASIER THAN MANAGING THE RECOVERY NOW. MANAGING CAPITAL INFLOWS IS AGAIN AN IMPORTANT ISSUE BECAUSE LARGE CAPITAL INFLOWS AND ASSET PRICES COULD FEED ON EACH OTHER AND THIS COULD BE DESTABILIZING. MONEY SUPPLY GROWTH, WHICH WAS VERY LOW THIS YEAR COMPARED WITH IN THE PREVIOUS TWO YEARS, HAVE IMPLICATIONS FOR MONETARY POLICY.

TODAY MARKETS WOULD BE RANGE BOUND AND NEGATIVELY BIASED. IF NIFTY TRADES BELOW 5111 THEN IT IS LIKELY TO TEST 5070 LEVELS AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 5040 WHERE IT MAY HAVE A LITTLE RESISTANCE BUT BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5003. AND ON THE UPSIDE IF NIFTY TRADES ABOVE 5140 IT IS LIKELY TO TOUCH 5164 LEVELS BUT ANY CLOSE ABOVE 5165 IS CONSIDERED TO BE VERY BULLISH AND CLOSING BELOW 5097 IS CONSIDERED TO BE BEARISH. ONE CAN LOOK AT MEDIA STOCKS FOR INTRADAY LIKE TIPS INDUSTRIES, BALAJI TELEFILMS, SHREE ASHTAVINAYAK CINE VISION, CINEMAX INDIA, INOX LEISURE YOU CAN SEE ATLEAST 5% SURGE IN THESE STOCKS.

BUY FORTIS HEALTHCARE SL 114 TGT 125/129
BUY TATAMOTORS FUTURES SL 699 TGT 710/722
BUY JINDALSTEEL SL 719 TGT 736/744
BUY BALAJI TELEFILMS AT 54 TGT UPPER CIRCUIT
BUY CINEMAX INDIA LTD AT 59.75 TGT UPPER CIRCUIT
BUY INOX LEISURE LTD AT 60 TGT UPPER CIRCUIT
SELL MARUTI SL 1611 TGT 1591/1582/1576
POSITIONAL TRADES

GSPL AT 100.25 TGT 150*

INTRADAY TIPS FOR 04 DECEMBER 2009

GOOD MORNING!!!

THE KEY BENCHMARK INDICES REMAINED FIRM TILL AFTERNOON TAKING NIFTY TO NEW HIGHS AFTER COMMENTS BY A TOP ECONOMIC ADVISER AND DATA SHOWING A SURGE IN FOOD PRICE INFLATION REINFORCED MARKET EXPECTATION OF A HIKE IN CASH RESERVE RATIO BY THE CENTRAL BANK TO SUCK OUT EXCESS LIQUIDITY IN THE BANKING SYSTEM, LATER IN THE AFTERNOON WITH THE UNION CABINET DECISION ON THE PENSION FUND REGULATORY & DEVELOPMENT AUTHORITY BILL THAT SEEKS TO BRING FOREIGN DIRECT INVESTMENT (FDI) INTO THE SECTOR. IN A MOVE THAT IS AIMED AT SIGNALLING THE UPA GOVERNMENT'S INTENT TO AGGRESSIVELY PUSH THE REFORM AGENDA, THE CABINET WILL CLEAR THE PENSION FUND REGULATORY & DEVELOPMENT AUTHORITY BILL THAT SEEKS TO BRING FOREIGN DIRECT INVESTMENT (FDI) INTO THE SECTOR. THE BILL PROPOSES TO ALLOW FOREIGN PLAYERS TO HOLD UP TO 26% STAKE IN INDIAN PENSION FUND COMPANIES. IT WOULD ALSO PERMIT PENSION FUNDS TO DEPLOY PART OF THEIR CORPUS ABROAD IN APPROVED INSTRUMENTS. THE PENSION BILL, ORIGINALLY INTRODUCED IN PARLIAMENT IN 2005, COULD NOT BE CLEARED DUE TO STIFF OPPOSITION FROM LEFT PARTIES. IT WAS THEN REFERRED TO THE PARLIAMENTARY STANDING COMMITTEE ON FINANCE, WHICH RECOMMENDED THE BILL WITH SOME MODIFICATIONS. BUSINESS ACTIVITY AMONG INDIAN SERVICES COMPANIES EXPANDED IN NOVEMBER 2009 BUT AT A SLOWER PACE THAN IN THE PREVIOUS MONTH, WITH BROAD GROWTH ACROSS ALL SECTORS, A SURVEY RELEASED ON THURSDAY SHOWED. IN OCTOBER, THE RBI WITHDREW EMERGENCY LIQUIDITY MEASURES AND INCREASED SOME LOAN PROVISIONING REQUIREMENTS, BUT LEFT ITS KEY POLICY RATES UNCHANGED. A HIGH INFLATION WILL REQUIRE MONETARY ACTION ON LIQUIDITY, THE FOOD PRICE INDEX ROSE 17.47% IN YEAR TO 21 NOVEMBER 2009,

TODAY MARKETS WOULD OPEN NEGATIVE AND THE MARKET LOOKS ON THE WEAKER SIDE. TODAY IF NIFTY BREAKS BELOW 5111 WOULD LEAD NIFTY TO 5070 AND BREAK BELOW THIS THERE WOULD SOME PROFIT BOOKING ON SHORT SIDE AT 5040 AND THE MAJOR SUPPORT SEEN IS AROUND 5003 ONE HAS TO WATCH CAREFULLY THIS LEVEL FOR SHORT ENTRY IF MARKET BREACHES THIS LEVEL AND CLOSES THEN WE CAN SEE FURTHER DIP IN MARKETS. ON THE UPSIDE IF NIFTY TRADES ABOVE 5046 THEN ONE CAN GO LONG FOR A TARGET OF 5164 AND ONE CAN STAY INVESTED IN LONGS AS LONG AS NIFTY IS ABOVE 5164 ONE LOOK FOR A TARGET OF 5267. AVIATION STOCKS LOOKS GOOD (JET AIRWAYS, SPICEJET & KFA)
BUY SASKEN COMM SL 162 TGT 175/178
BUY CIPLA SL 340 TGT 352/358
SELL TATAMOTORS SL 711 TGT 700/696/691
SELL ICICI BANK SL 891 TGT 875/866/857
SELL RELIANCE SL 1103 TGT 1081/1072

GOOD MORNING!!!

MARKETS WERE VERY RANGE BOUND, THERE WAS SOME PROFIT BOOKING ON THE TWO STRAIGHT DAY GAINS, PROFIT TAKING WAS TRIGGERED BY EUROPEAN MARKETS SLIDING DOWN FROM HIGHS. MARKETS ARE AT A GREAT RESISTANCE POINT AND AFTER A SURGE IN INDEX ON A VERY STRAIGHT NOTE MARKET IS EXPECTED TO CONSOLIDATE AT THIS STAGE TO FURTHER MOVE UP OR DECLINE IN THE FORM OF RETRACEMENT AND PROFIT BOOKING. ONE IS ADVISED TO STAY CAUTIOUS ON THE TRADING FRONT. ONE HAS TO BEAR IN MIND THAT 5165 IS THE CRUCIAL RESISTANCE AND CLOSING ABOVE THIS POINT MEANS THAT MARKET IS EXPECTED TO MOVE FURTHER 100 POINTS FROM THERE AND ONE IS ADVISED TO CLOSE SHORTS IF ANY.
TODAY MARKET WOULD BE RANGE BOUND, IF NIFTY TRADES BELOW 5111 THEN IT IS LIKELY TO TOUCH 5070 LEVELS BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 5040 AND 5003. ON THE UPSIDE IF NIFTY TRADES ABOVE 5140 THEN IT IS LIKELY TO TOUCH 5165 AND TRADING ABOVE THIS ZONE IS A POSITIVE SIGN AND ANY CLOSE ABOVE THIS POINT WOULD LEAD MARKETS TO 4265 LEVELS.
BUY RANBAXY SL 485 TGT 500/508
BUY DISHTV SL 41.90 TGT 43.50/44
BUY IDBI SL 131.20 TGT 133.5/135/137
BUY PATEL ENGINEERING SL 472.9 TGT 485/490/496
BUY TATA CHEMICALS SL 302 TGT 311.6/314/318
BUY SYNDICATE BANK SL 98.75 TGT 102/104/106
SELL TATAPOWER SL 1356 TGT 1333/1321/1306
SELL ORIENT BANK SL 283 TGT 274/272.5/266
POSITIONAL TRADES

BUY INDIA GLYCOLS TGT 185/200

INTRADAY TIPS FOR 02 DECEMBER 2009

GOOD MORNING!!!

BUYING AT CLOSING OF THE MARKETS IN INDEX PIVOTALS PROPELLED KEY BENCHMARK INDICES TO FRESH INTRADAY HIGHS. CURTAINING OF DUBAIS FINANCE WOES HAVE TRIGGERED ALL THE EUROPE, ASIA AND US MARKETS TO A FRESH INTRADAY HIGHS AND ROBUST NOVEMBER AUTO SALES NUMBERS ADDED TO THE POSITIVE SENTIMENT TRIGGERED BY BETTER-THAN-EXPECTED GDP DATA, HELPING THE INDIAN INDICES REGAIN THE PSYCHOLOGICAL 17,000 AND 5000 MARK. EXPORTS FELL 6.6% TO $13.19 BILLION IN OCTOBER 2009 OVER OCTOBER 2008, THEIR 13TH STRAIGHT MONTHLY FALL. IMPORTS DROPPED 15% FROM A YEAR EARLIER TO $22 BILLION. THE TRADE DEFICIT SHRUNK TO $8.8 BILLION IN OCTOBER 2009 FROM $11.74 BILLION A YEAR EARLIER. EXPORTS FOR APRIL-OCTOBER, THE FIRST SEVEN MONTHS OF THE 2009-10 FISCAL YEAR, WERE DOWN 26% AT $91.05 BILLION FROM THE SAME PERIOD IN THE PREVIOUS YEAR. THE LATEST NUMBERS DO INDICATE THAT INDUSTRY AND SERVICES ARE GROWING VERY STRONGLY, THIS COULD HELP OFFSET TO A VERY LARGE EXTENT THE IMPACT OF THE DECLINE IN AGRICULTURAL PRODUCTION. MEANWHILE, DUBAI WORLD, THE HOLDING COMPANY AT THE HEART OF THE DUBAI CRISIS, ON MONDAY ANNOUNCED A RESTRUCTURING PLAN INVOLVING $26 BILLION IN DEBT. HOWEVER, THE DUBAI GOVERNMENT SAID IT WAS NOT RESPONSIBLE FOR DUBAI WORLD'S DEBTS, DEALING A BLOW TO CREDITORS' ASSUMPTIONS THAT THE ARAB EMIRATE WOULD GUARANTEE THE GOVERNMENT-CONTROLLED CONGLOMERATE'S LIABILITIES. DUBAI WORLD, ONE OF THE EMIRATE'S MAIN STATE HOLDING COMPANIES, LAST WEEK, ASKED FOR A DELAY ON MATURITIES UNTIL AT LEAST 30 MAY 2010. THE COMPANY HAS TOTAL DEBTS OF $59 BILLION, INCLUDING $3.52 BILLION OF ISLAMIC BONDS DUE 14 DECEMBER 2009 FROM ITS PROPERTY UNIT NAKHEEL. AUTO STOCKS RALLIED FOLLOWING ROBUST MONTHLY SALES IN NOVEMBER 2009.
TODAY IF NIFTY TRADES ABOVE 5139 THEN IT WOULD TOUCH 5165 THIS IS ONE OF THE MOST CRUCIAL RESISTANCE IN NIFTY, IF NIFTY BREAKS THIS LEVEL AND CLOSES THEN NIFTY WILL TOUCH 5270 LEVEL. IF NIFTY CLOSES ABOVE 5165 THEN WE CAN TAKE A FRESH LONG POSITIONS IN NIFTY AND ONE HAS TO REMEMBER IF NIFTY TRADES BELOW THIS LEVEL THEN WITH THIS AS STOPLOSS ONE CAN GO SHORT AS WELL BUT ONLY WHEN THE JOURNEY IS TOWARDS DOWN AND NOT ON THE UPWARD JOURNEY. IF NIFTY TRADES BELOW 5111 THEN WOULD TAKE NIFTY TO 5070 LEVELS AND BREAK BELOW THIS LEVEL WOULD TAKE MUCH MORE DOWN SIDE TO 5040.
BUY TATA MOTORS SL 699 TGT 714/719
BUY M&M SL 1069 TGT 1094/1104
BUY IBREAL SL 208 TGT 218/222/229
BUY HCC SL 139.9 TGT 146/150
BUY DLF SL SL 367 TGT 380/384
BUY RELCAP SL 849 TGT 884/890

INTRADAY TIPS FOR 01 DECEMBER 2009

GOOD MORNING!!!

KEY BENCHMARK INDICES SURGED AS THE LATEST DATA SHOWED THE ECONOMY EXPANDED AT A STRONGER-THAN-EXPECTED 7.9% PACE IN THE SECOND QUARTER. HOWEVER, INTRADAY VOLATILITY WAS HIGH. ASIAN STOCKS SURGED AFTER UNITED ARAB EMIRATES CENTRAL BANK ON SUNDAY, 29 NOVEMBER 2009, OFFERED ADDITIONAL LIQUIDITY TO LOCAL AND INTERNATIONAL BANKS IN THE UAE AND REASSURED INVESTORS IT "STANDS BEHIND" THE LENDERS. ALSO BOOSTING THE SENTIMENTS, GLOBAL BANKS OUTSIDE THE GULF SAID THEY WERE NOT HEAVILY EXPOSED TO DUBAI DEBT. GOVERNMENT DATA RELEASED TODAY SHOWED THE GROSS DOMESTIC PRODUCT (GDP) GREW BY 7.9% IN Q2 SEPTEMBER 2009, FROM 7.1% IN THE PREVIOUS YEAR, SHATTERING FORECASTS AS STIMULUS MEASURES BOOSTED DEMAND AND MANUFACTURING ACTIVITY SURGED. THE ECONOMY HAD REGISTERED A 6.1% GROWTH IN THE FIRST QUARTER. THE BULK OF THE RECOVERY WAS LED BY A 9.2% GROWTH IN MANUFACTURING, WHILE MINING AND CONSTRUCTION ACTIVITIES ALSO EXPANDED BY 9.5% AND 6.5%, RESPECTIVELY. BUT AGRICULTURE CONTINUED TO ME A MAJOR DRAG WITH A MERE 0.9% GROWTH.
TODAY MARKET WOULD BE RANGE BOUND. NIFTY IF TRADES ABOVE 5040 THEN IS LIKELY TO MOVE UP TO 5070 AND BREAK ABOVE THIS LEVEL AND TRADE WITH GOOD VOLUMES MAY TAKE NIFTY TO 5111 ANY CLOSE ABOVE 5070 IS CONSIDERED TO BE VERY GOOD SIGN AND ONE CAN GO LONG POSITIONALLY. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5040 THEN LIKELY TO SEE NIFTY AT 5001 AND BREAK BELOW THIS LEVEL WOULD TAKE IT TO 4978 ONE CAN STAY SHORT IF NIFTY TRADES BELOW 5000.
BUY JSL SL 105 TGT 114/117
BUY RANBAXY SL 451 TGT 460/465/469
BUY HEROHONDA SL 1744 TGT 1714/1719/1724
BUY TATASTEEL SL 571 TGT 563/569
POSITIONAL TRADES
BUY CHOKSI IMAGING LTD TGT 200%/500%

INTRADAY TIPS FOR 30 NOVEMBER 2009

GOOD MORNING!!!

INDICES HAVE RECOVERED HUGE INTRADAY LOSSES AFTER EUROPEAN STOCKS RECOVERED AFTER THE OPENING. NEWS THAT CHINA HAS PLEDGED TO STICK WITH A PRO-GROWTH STANCE IN 2010 ALSO HELPED. THE MARKET RECOVERY AFTER A HEAVY SELL-OFF EARLIER. BROADER FEARS THAT GLOBAL FINANCIAL MARKETS HAVE NOT HEALED PROPERLY SINCE LAST YEAR'S CRISIS, AND THAT THE DUBAI PROBLEM COULD EXPOSE THESE WEAKNESSES. INTRADAY VOLATILITY WAS HIGH. INDIA AND THE UNITED ARAB EMIRATES (UAE), OF WHICH DUBAI IS A MEMBER, ARE SEPARATED BY THE ARABIAN SEA AND CLOSELY LINKED BY THE MILLIONS OF INDIANS WHO WORK IN THE REGION. INDIANS MAKE UP ABOUT 40% OF THE UAE'S POPULATION, ACCOUNTING FOR 10% TO 12% OF INDIA'S INWARD REMITTANCES, THE UAE WAS THE SECOND-BIGGEST EXPORT DESTINATION FOR INDIA DURING THE NINE MONTHS THROUGH DECEMBER 2008, ACCOUNTING FOR $14.6 BILLION, OR 11.15% OF INDIA'S TOTAL. ANOTHER IMPORTANT MATTER OF CONCERN IN THE PRESENT SITUATION IS THE FOOD PRICE INDEX WHICH ROSE 15.58% AND PRIMARY ARTICLE INDEX ROSE 11.04% IN 12 MONTHS TO 14 NOVEMBER 2009,
TODAY MARKETS WOULD POSITIVE WITH RANGE BOUND AND THE HEALTH OF THE MARKET STILL IN A BEARISH PHASE ON A POSITIONAL BASIS ONE HAS TO LOOK ABOVE POINTS IN VIEW BEFORE TAKING ANY POSITIONS BUT THE TREND AS OF NOW REMAINS POSITIVE ON INTRADAY TERMS BUT ONE HAS TO TAKE PROFITS AT REGULAR INTERVALS. TODAY IF NIFTY TRADES ABOVE 5011 THEN MARKET WOULD GO TO 5070 ONE CAN GO LONG INITIALLY FOR A TARGET OF 5011 IN THE MARKET BUT ABOVE THIS LEVEL IF NIFTY HOLDS WITH VOLUMES THEN IT IS EVIDENT THAT WE SEE NIFTY TO TOUCH 5070. ON THE DOWN SIDE IF NIFTY TRADES BELOW 4939 ONLY THEN ONE CAN GO SHORT FOR AN IMMEDIATE TARGET OF 4843.
BUY RELCAP SL 824.7 TGT 846
BUY SUZLON SL 72 TGT 75/79
BUY JSW STEEL SL 932 TGT 942/960/977
BUY DLF SL 342 TGT 350/355

INTRADAY TIPS FOR 27 NOVEMEBER 2009

GOOD MORNING!!!

WEAKNESS IN EUROPEAN MARKETS FOLLOWING A SETBACK IN CHINESE STOCKS TRIGGERED A SELL-OFF ON THE DOMESTIC BOURSES IN THE SECOND HALF OF THE DAY'S TRADING SESSION. WORLD STOCKS FELL AS NEWS OF DUBAI ASKING FOR A CREDITOR STANDSTILL AT DUBAI WORLD AND VIETNAM'S CURRENCY DEVALUATION, INCREASED INVESTORS' AVERSION TO RISK. SELLING PRESSURE WAS CONSPICUOUS IN BANKING, IT AND OIL & GAS STOCKS. THE MARKET BREADTH WAS WEAK WITH SMALL AND MID-CAP STOCKS UNDER SELLING PRESSURE. INTRADAY VOLATILITY WAS HIGH AS TRADERS ROLLED OVER POSITIONS IN THE DERIVATIVE SEGMENT FROM NOVEMBER 2009 SERIES TO DECEMBER 2009 SERIES AHEAD OF THE EXPIRY. THE MARKET CUT LOSSES AFTER AN INITIAL SLIDE. HOWEVER, THE INTRADAY RECOVERY PROVED SHORT-LIVED. THE MARKET WEAKENED IN EARLY AFTERNOON TRADE AS ASIAN STOCKS FELL. AS PER REPORTS, ROLLOVER OF NIFTY POSITIONS WAS ABOUT 64% WHILE MARKET WIDE ROLLOVER STOOD AT 66% AT THE END OF WEDNESDAY'S (25 NOVEMBER 2009) TRADE. IN INDIVIDUAL STOCKS, HINDUSTAN UNILEVER, CAIRN INDIA, INDIA CEMENTS, MARUTI SUZUKI AND POWER GRID CORPORATION HAVE WITNESSED HIGH ROLLOVER. CHINESE STOCKS TUMBLED ON THURSDAY, LED BY LOSSES IN BANK STOCKS, AS INVESTORS FLED THE MARKET AMID MOUNTING WORRIES THAT THE GOVERNMENT MAY TAKE STEPS TO CLAMP DOWN ON SURGING ASSET PRICES. BANKS FELL ON CONCERNS ABOUT SHRINKING LENDING AND A POSSIBLE NEED TO RAISE FUNDS NEXT YEAR TO SHORE UP THEIR CAPITAL. MEANWHILE, DUBAI'S FINANCIAL HEALTH HAS COME UNDER SCRUTINY AFTER A MAJOR, GOVERNMENT-OWNED INVESTMENT COMPANY ASKED FOR A SIX-MONTH DELAY ON REPAYING ITS DEBTS. DUBAI WORLD, WHICH HAS TOTAL DEBTS OF $59BN IS ASKING CREDITORS IF IT CAN POSTPONE ITS FORTHCOMING PAYMENTS UNTIL MAY NEXT YEAR. DUBAI WORLD HAS ALSO APPOINTED GLOBAL ACCOUNTANCY GROUP DELOITTE TO HELP WITH ITS FINANCIAL RESTRUCTURING. THE COMPANY HAS BEEN HIT HARD BY THE GLOBAL CREDIT CRUNCH AND RECESSION. IT WAS DUE TO REPAY $3.5BN OF ITS DEBTS NEXT MONTH. THE REQUEST FOR A DELAY IN REPAYMENTS LED TO MAJOR CREDIT RATINGS AGENCIES DOWNGRADING A NUMBER OF STATE-BACKED COMPANIES. MEANWHILE, VIETNAM'S STOCK MARKET TUMBLED AFTER THE NATION'S CENTRAL BANK DEVALUED THE CURRENCY BY AROUND 5% AGAINST THE US DOLLAR AND RAISED INTEREST RATES BY A PERCENTAGE POINT TO 8% FROM 1 DECEMBER 2009. CLOSER HOME, THE FOOD PRICE INDEX ROSE 15.58% AND PRIMARY ARTICLE INDEX ROSE 11.04% IN 12 MONTHS TO 14 NOVEMBER 2009, DATA RELEASED BY THE GOVERNMENT TODAY SHOWED. THE FUEL PRICE INDEX DECLINED 1.51%.

TODAY MARKETS WOULD OPEN GAP DOWN WITH LOT OF PRESSURE FROM THE ABOVE FACTORS. TODAY IF NIFTY TRADES BELOW 4997 IT IS LIKELY TO TOUCH 4939 WHICH IS GOOD SUPPORT BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 4844 CLOSING ANYTHING BELOW 4900 IS CONSIDERED TO BE WEAK AND WOULD LEAD NIFTY 4720 LEVELS. AND ON THE UPSIDE ONE HAS TO GO LONG ONLY ABOVE 5032.
SELL CAIRN INDIA SL 281 TGT 266/258/246
SELL STERLITE SL 851 TGT 833/821/810
SELL RELIANCE SL 1066 TGT 1040/1031/1026
SELL ICICI BANK SL 866 TGT 846/837/826
SELL TATASTEEL SL 551 TGT 532/522/516

INTRADAY TIPS FOR 26 NOVEMBER 2009

GOOD MORNING!!!

INDICES PARED GAINS AFTER HITTING THEIR HIGHEST LEVEL IN MORE THAN A MONTH. CONCERNS THAT A GLUT IN SHARE SALES MAY SOAK AVAILABLE LIQUIDITY IN THE SECONDARY MARKET PULLED THE MARKET OFF THE HIGHER LEVEL. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES ROSE TODAY AFTER THE FIRM REOPENED RETAIL FUEL OUTLETS. BANKING AND FMCG STOCKS GAINED. BUT REALTY STOCKS FELL. THE MARKET BREADTH TURNED WEAK, EASING FROM A STRONG BREADTH IN EARLY TRADE. THE MARKET RECOVERED AFTER FALLING INTO THE RED FOR A BRIEF PERIOD IN EARLY TRADE. THE MARKET EXTENDED GAINS LATER. ROLLOVER IN NIFTY FUTURES WAS ABOUT 54% AT THE END OF TUESDAY'S (24 NOVEMBER 2009) TRADING. ROLLOVER IN MIN NIFTY FUTURES WAS ABOUT 33%. THE MARKET WIDE ROLLOVER WAS ABOUT 48%. IN INDIVIDUAL STOCKS, HINDUSTAN UNILEVER, MARUTI SUZUKI, POWER GRID CORPORATION, RELIANCE POWER AND BHARAT HEAVY ELECTRICALS (BHEL), HAVE WITNESSED HIGH ROLLOVER. CONCERNS THAT A GLUT IN SHARE SALES MAY SUCK LIQUIDITY FROM THE SECONDARY MARKET PULLED THE MARKET OFF THE HIGHER LEVEL. MORGAN STANLEY EXPECTS INDIAN FIRMS TO RAISE ROUGHLY $70 BILLION THROUGH SHARE SALES OVER THE NEXT THREE YEARS, MORGAN STANLEY'S INDIA COUNTRY HEAD NARAYAN RAMACHANDRAN SAID AT AN INVESTMENT SUMMIT ON WEDNESDAY, 25 NOVEMBER 2009. STAKE SALES IN STATE-RUN FIRMS WILL ACCOUNT FOR $10-$15 BILLION OF THAT, RAMACHANDRAN SAID. THE UPCOMING AUCTION OF THIRD-GENERATION MOBILE SPECTRUM WILL ALSO SPUR POTENTIALLY BILLIONS OF DOLLARS IN EQUITY RAISING, ALTHOUGH NOT NECESSARILY FROM THE PUBLIC MARKETS, HE SAID. INDIAN COMPANIES HAVE RAISED ABOUT $18 BILLION IN EQUITY THUS FAR THIS YEAR TO REPAY HIGH-COST DEBT OR TO FUND EXPANSION PLANS. LAST YEAR, INDIAN FIRMS RAISED $7.2 BILLION IN EQUITY. MEANWHILE, THE FINANCE MINISTRY ON TUESDAY CONSTITUTED A WORKING GROUP TO SUGGEST WAYS OF RATIONALIZING EXISTING REGULATIONS RELATING TO FOREIGN PORTFOLIO INVESTMENTS, IN ORDER TO ENCOURAGE FOREIGN INVESTMENT INTO THE COUNTRY. THE GROUP WILL REVIEW THE LEGAL AND REGULATORY FRAMEWORK TO SIMPLIFY RULES RELATED TO OVERSEAS INVESTMENT IN THE FORM OF FOREIGN INSTITUTIONAL INVESTMENT (FII), FOREIGN VENTURE CAPITAL INVESTMENT (FVCI), PRIVATE EQUITY AND NRI INVESTMENT, ACCORDING TO NOTIFICATION ISSUED BY THE FINANCE MINISTRY. THE PANEL WILL FURTHER STUDY ARRANGEMENTS RELATING TO USE OF PARTICIPATORY NOTES (PN) AND SUGGEST ANY CHANGES REQUIRED TO INCREASE TRANSPARENCY. THE COMMITTEE, WHICH WILL SUBMIT ITS REPORT WITHIN FOUR MONTHS, WILL IDENTIFY CHALLENGES IN MEETING THE FINANCING NEEDS OF THE LNDIAN ECONOMY THROUGH THE FOREIGN INVESTMENT. IT WILL SUGGEST SPECIFIC SHORT, MEDIUM AND LONG TERM LEGAL, REGULATORY AND OTHER POLICY CHANGES. THE GROUP WILL FURTHER REVISIT THE ROLE OF TRANSACTION TAXES. CAPITAL MARKET TRANSACTIONS ARE SUBJECT TO SECURITIES TRANSACTION TAX (STT) AND ALSO A 15% SHORT-TERM CAPITAL GAINS TAX. THERE IS DEBATE IN THE POLICY ESTABLISHMENT AS TO WHETHER THE STT SHOULD BE CONTINUED AND WHETHER ORDINARY INCOME AND CAPITAL GAINS NEED TO BE TAXED AT DIFFERENT RATES.

TODAY MARKETS WOULD BE HIGHLY VOLATILE WITH FNO CONTRACT EXPIRING FOR THE MONTH OF NOVEMBER. IF NIFTY TRADES BELOW 5111 THEN WOULD GO DOWN TO 5070 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 5032 AND ON THE UPSIDE IF NIFTY TRADES ABOVE 5111 THEN WOULD TAKE NIFTY TO 5159 AND TRADING ABOVE THIS LEVEL WOULD TAKE NIFTY TO 5277 IN A VERY SHORT TERM, ANY CLOSE ABOVE 5159 IS CONSIDERED TO BE BULLISH AND ANY CLOSE BELOW 5066 IS CONSIDERED TO BE WEAK.

BUY PSL ABOVE 150.05 TGT 155/159/165**
SELL RELINFRA BELOW 1053 SL 1066 TGT 1045/1032
SELL RELIANCE CAP BELOW 850 SL 856 TGT 843/837
SELL DLF BELOW 360 SL 364 TGT 354/351
SELL JSWSTEEL BELOW 1000 SL 1014 TGT 986/970
SELL TATASTEEL SL 566.8 TGT 548/539
SELL JINDALSTEEL BELOW 693 SL 702 TGT 679/672
POSITIONAL TRADES
BUY SHARP INDIA TGT 100%

INTRADAY TIPS FOR 25 NOVEMBER 2009

GOOD MORNING!!!

VOLATILITY WAS IMMENSE WITH KEY INDICES MOVING UP AND DOWN FOR THE ENTIRE DAY. A SHARP SLIDE IN CHINESE STOCKS AND WEAK EUROPEAN MARKETS WEIGHED ON INVESTOR SENTIMENT ALONG WITH FNO EXPIRY NEARING. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL) FELL. METAL AND FMCG STOCKS ALSO FELL. BUT IT STOCKS GAINED. THE MARKET BREADTH WAS NEGATIVE, COMPARED TO A STRONG BREADTH IN EARLY TRADE. BANK STOCKS LED DECLINE IN WORLD STOCKS AFTER GLOBAL RATING AGENCY STANDARD & POOR'S SAID ON MONDAY IT FOUND MOST BANKS IN A GLOBAL STUDY WERE WEAKLY CAPITALIZED, WITH CITIGROUP, UBS AND MIZUHO FINANCIAL GROUP MORE THAN TWO-THIRDS BELOW THE AVERAGE. MANY GLOBAL STOCK INVESTORS HAVE TURNED CAUTIOUS HEADING INTO THE YEAR-END, WANTING TO LOCK IN PROFITS AFTER A VERY GOOD RUN IN 2009

TODAY MARKET WOULD BE HIGHLY VOLATILE AS THE FNO EXPIRY IS TOMORROW. MARKETS ARE AT A VERY CRUCIAL PHASE OF RESISTANCE SO ONE HAS TO BE VERY CAUTIOUS ON THE UPSIDE. WE WOULD SUGGEST TO AVOID HUGE VOLUMES TILL FNO EXPIRY. TODAY MARKET MAY BE WEAK AS THE CLOSING WAS WEAKER ALONG WITH THE GLOBAL QUES SHOWING NEGATIVE TO FLAT. NIFTY MAY PHASE A TOUGH RESISTANCE AT THESE LEVELS. TODAY IF NIFTY TRADES BELOW 5073 THEN WILL TAKE NIFTY TO 5045 AND TRADING BELOW THIS LEVEL NIFTY WOULD TOUCH 5020 LEVELS BUT BREACH BELOW 5000 WOULD TAKE NIFTY ON THE NEGATIVE FRONT. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5073 THEN WE CAN SEE NIFTY TO TOUCH 5096 AND TRADE ABOVE THIS LEVEL WOULD TAKE NIFTY TO 5124.
BUY M&M SL 1059 TGT 1080/1089
BUY ESCORTS SL 111 TGT 119.7/122/124.9
BUY LANCO ABOVE 570 SL 564 TGT 574/579/584
SELL JINDAL STEEL SL 711 TGT 698/695/680
SELL ABAN BELOW 1348 SL 1366 TGT 1333/1316/1301

SELL JINDAL SAW SL 901 TGT 877/856/831
POSITIONAL TRADES
BUY SUNSHIELD CHEMICAL (530845) TGT 100
BUY UNI ABEX ALLOYS (504605) TGT 300/450/600
BUY MEDICAMEN BIOTECH LTD (531146) TGT 45

INTRADAY TIPS FOR 24 NOVEMBER 2009

GOOD MORNING!!!

VOLATILITY RULED THE KEY IN THE LAST TRADING SESSION. MARKET AFTER OPENING BELL WAS AROUND 40 POINTS ON THE UPSIDE AND CONTINUED TO REMAIN ON THE POSITIVE TERRITORY TILL THE END OF THE DAY AND INDICES (NIFTY AND SENSEX) ATTAINED THEIR HIGHEST CLOSING LEVELS IN MORE THAN A MONTH. FIRM GLOBAL STOCKS AIDED THE RALLY ON THE DOMESTIC BOURSES. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL) LED THE RALLY. THE STOCK SURGED MORE THAN 3% YESTERDAY, AFTER THECOMPANY SAID IT HAS PUT A BID TO ACQUIRE BANKRUPT CHEMICALS MAKER LYONDELLBASELL INDUSTRIES. METAL, FMCG AND BANKING AND AUTO STOCKS ROSE. THE MARKET BREADTH WAS STRONG. TRADERS ROLLED OVER POSITIONS IN THE DERIVATIVE SEGMENT FROM NOVEMBER 2009 SERIES TO DECEMBER 2009 SERIES AHEAD OF THE EXPIRY OF THE NEAR MONTH NOVEMBER 2009 CONTRACTS ON THURSDAY, 26 NOVEMBER 2009 A WEAK DOLLAR BOOSTED WORLD STOCKS, AS TRADERS BORROW AGAINST THE LOW-YIELDING GREENBACK TO REINVEST ELSEWHERE IN WHAT'S KNOWN AS THE CARRY TRADE. THE DOLLAR INDEX, WHICH TRACKS THE PERFORMANCE OF THE GREENBACK AGAINST A BASKET OF OTHER MAJOR CURRENCIES, FELL 0.7% TO 75.153 IN RECENT TRADING. THE DOLLAR HAS TUMBLED THIS YEAR ON SPECULATION THE US FEDERAL RESERVE WILL KEEP INTEREST RATES LOW FOR A PROLONGED PERIOD OF TIME TO AID RECOVERY IN THE US ECONOMY.

TODAY MARKET WOULD BE VOLATILE, MARKET AS TOLD YESTERDAY IF IT CROSSES 5085 THEN WE CAN SEE NIFTY TO MOVE TO 5159. WE MAY SEE NIFTY TO MOVE TO 5159 IN TODAYS SESSION AND NIFTY IS EXPECTED TO REMAIN VERY VOLATILE IN THE NEXT 2 DAYS OF TRADING AHEAD OF EXPIRY, NIFTY MAY FACE A STILL RESISTANCE AROUND 5159 ZONES AND ONE IS ADVISED TO STAY CAUTIOUS AT THIS LEVEL BEFORE THIS EXPIRY BUT ANY CLOSE ABOVE 5159 IN NIFTY TODAY MAY TAKE NIFTY TO 5276 LEVELS BUT ONE IS ADVISED TO STAY VERY CAUTIOUS AND TRADE WITH VERY LOW QUANTITY. AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5080 THEN ONE CAN GO SHORT WITH A STOPLOSS OF 5121 FOR A TARGET OF 5010 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 4937 ANY CLOSE BELOW 4980 IS CONSIDERED TO BE WEAK AND ONE CAN TAKE POSITIONAL SHORTS.
BUY AXIS BANK SL 984 TGT 1004/1018
BUY TATASTEEL SL 565 TGT 577/584
INTRADAY CALLS WILL BE GIVEN DURING MARKET HOURS TO THE REGISTERED CLIENTS

INTRADAY TIPS FOR 23 NOVEMBER 2009

GOOD MORNING!!!

INDICES EXTENDED GAINS TO HIT FRESH INTRADAY HIGHS AT THE FAG END OF THE TRADING SESSION ON FIRM EUROPEAN STOCKS. COMMENTS BY THE DEPUTY CHAIRMAN OF THE GOVERNMENT'S PLANNING COMMISSION THAT THE GOVERNMENT IS NOT CONSIDERING IMPOSING A TAX TO CURB AN INFLUX IN OVERSEAS FUNDS ALSO HELPED EASE WORRIES OF LIKELY MEASURES FROM POLICYMAKER TO STEM INFLOWS. INITIALLY THE MARKET OPENED IN RED AND RECOVERED LITTLE IN THE MORNING SESSION AND PROVED TO BE SHORT LIVED, MARKET NOSE DIVED TO TOUCH OUR TARGETS OF 4937 AS TOLD AND THERE AFTER MARKET RECOVERED IN THE MID AFTERNOON FROM LOWER LEVELS WITH MORE INTENSE BUYING GIVING NO ROOM TO SHORT SELLERS AND HAS HIT OUR UPPER TARGETS AS GIVEN.
TODAY MARKETS WOULD BE RANGE BOUND UNTIL THE LEVELS ARE BREACHED. THIS IS THE FIRST DAY OF LAST WEEK FOR THE SETTLEMENT OF FNO EXPIRY. THERE MAY BE LOT OF VOLATILITY IN THE WEEK AHEAD. NIFTY HAS BREACHED GOOD RESISTANCE LEVEL AND CLOSING OF NIFTY IS CONSIDERED TO BE GOOD AND NIFTY CAN BE CONSIDERED BULLISH IF IT CLOSES ABOVE 5085. ON THE CLOSING BASIS IF NIFTY CLOSES ABOVE 5085 IS A SIGN OF FURTHER UPMOVE TO 5159. AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5034 THEN WOULD COME DOWN TO 4998 AND BELOW THIS WE CAN SEE NIFTY TO SLIDE DOWN TO 4947 AND THEN TO 4911 SO ONE HAS TO BEAR IN MIND THAT 5085 IS A STRONG RESISTANCE AND CLOSING ABOVE THIS WOULD TAKE NIFTY SERIOUSLY UPSIDE SO STAY CAUTIOUS WITH THIS LEVEL. WATCH BANKING SECTOR.
BUY ACC SL 753 TGT 779/788/804
BUY TATASTEEL SL 545 TGT 560/565
BUY RANBAXY SL 419 TGT 430/434/438
BUY IDBI SL 126 TGT 129/130.70
SELL WELSPUN SL 285 TGT 274/267
SELL TITAN BELOW 1352 SL 1367 TGT 1330/132
POSITIONAL TRADES
BUY BHARTI SHIPYARD @ 165 TGT 200/250 (MEDIUM TERM/LONG TERM)
BUY GVKPIL TGT 65 (SHORT TERM)
BUY PROVOGUE TGT 76 (SHORT TERM)

INTRADAY TIPS FOR 20 NOVEMBER 2009

GOOD MORNING!!!

VOLATILITY RULED THE ROOST AS STOCKS LOST GROUND WITH THE SENTIMENT HIT BY BRAZIL'S LATEST MOVE TO CURB CAPITAL INFLOWS. DECLINE IN EUROPEAN SHARES AND LOWER US INDEX FUTURES ALSO WEIGHED ON SENTIMENT. METAL, AUTO, BANKING, REALTY AND IT STOCKS DECLINED. THE MARKET BREADTH WAS WEAK IN CONTRAST TO A STRONG BREADTH IN EARLY TRADE. INTRADAY VOLATILITY ON THE BOURSES WAS HIGH. THE MARKET RECOVERED FROM LOWER LEVEL IN MORNING TRADE HOWEVER, THE INTRADAY REBOUND PROVED SHORT-LIVED. THE MARKET CUT LOSSES AFTER HITTING A FRESH INTRADAY LOW IN LATE TRADE. EQUITIES MAY REMAIN VOLATILE OVER THE NEXT FEW DAYS AS TRADERS ROLLOVER POSITIONS IN THE DERIVATIVE SEGMENT FROM NOVEMBER 2009 SERIES TO DECEMBER 2009 SERIES AHEAD OF THE EXPIRY. THE MARKET SENTIMENT WAS HURT BY BRAZIL'S LATEST MOVE TO CURB CAPITAL INFLOWS. BRAZIL TOOK ANOTHER STEP ON WEDNESDAY TO TRY TO CONTAIN THE APPRECIATION OF ITS CURRENCY, UNVEILING A 1.5% TAX ON CERTAIN TRADES INVOLVING AMERICAN DEPOSITARY RECEIPTS ISSUED BY BRAZILIAN COMPANIES. THE BRAZILIAN GOVERNMENT, LAST MONTH, IMPLEMENTED A 2% FINANCIAL TAX ON FOREIGN INFLOWS INTO STOCKS AND FIXED INCOME INVESTMENTS. AMONG OTHER OVERSEAS MARKETS, SOUTH KOREA ANNOUNCED MEASURES ON THURSDAY AIMED TO TIGHTENING CONTROLS OVER CURRENCY LIQUIDITY TO MAKE THE BANKING SYSTEM LESS VULNERABLE TO THE CAPITAL FLIGHT. THE FINANCIAL SERVICES COMMISSION SAID IT WILL LIMIT THE SIZE OF FORWARD FOREIGN EXCHANGE TRANSACTIONS THAT SOUTH KOREAN COMPANIES CAN ENTER INTO, TO A TOTAL VALUE OF NOT MORE THAN 125% OF THE UNDERLYING TRANSACTIONS THEY ARE HEDGING AGAINST, WHICH COULD MEAN LESS-THAN-EXPECTED SELLING OF DOLLAR-FORWARDS BY EXPORTERS IN THE FUTURE. TAIWAN HAS ALREADY BANNED FOREIGNERS FROM INVESTING IN TIME DEPOSITS. EARLIER, A NEWSPAPER REPORT SUGGESTED THAT THE GOVERNMENT IS TAKING ITS FIRST SIGNIFICANT STEP TO WARD OFF A SURGE IN FOREIGN CAPITAL INFLOWS THAT MAY THREATEN THE STABILITY OF THE FINANCIAL SYSTEM BY DRAWING UP NEW RULES THAT WILL MAKE OVERSEAS LOANS COSTLIER FOR COMPANIES. INDIAN STOCKS HAVE RISEN SHARPLY THIS YEAR ON ROBUST INFLOW FROM FOREIGN FUNDS. REPORTS HAD SUGGESTED THAT THE GOVERNMENT WAS CONSIDERING AUCTIONING OF CORPORATE ENTITLEMENTS TO BORROW ABROAD, A MOVE THAT COULD MAKE SUCH BORROWING COSTLIER. A GLOBAL GLUT OF LIQUIDITY HAS PUSHED UP STOCK MARKETS ACROSS THE GLOBE SINCE MARCH THIS YEAR. GOVERNMENTS AND CENTRAL BANKS AROUND THE WORLD HAVE INJECTED TRILLIONS OF DOLLARS IN THE PAST ONE YEAR OR SO TO PULL THE WORLD OUT OF A MOST SEVERE RECESSION SINCE THE 1930S GREAT DEPRESSION.
TODAY MARKET WOULD BE NEGATIVELY BIASED ALONG WITH ALL MAJOR GLOBAL INDICES STARTED GETTING WEAKER, OUR INDICES ARE ALSO PRONE AND WILL SUCCUMB TO FALLING PRESSURE ALONG WITH GLOBAL INDICES, IF NIFTY TRADES BELOW 4990 THEN WE CAN SEE NIFTY TO SLIDE DOWN TO 4937 AND BREAK BELOW THIS WOULD LEAD NIFTY TO 4909 IF NIFTY BREACHES 4900 THEN IT MAY TAKE SUPPORT AT 4780. AND ON THE UPSIDE IF NIFTY TRADES ABOVE 5007 THEN WE CAN EXPECT NIFTY TO TOUCH 5053 AND ABOVE THAT LEVEL IT MAY GO TO 5076. MARKET IS NEGATIVELY BIASED AND ONE CAN STAY SHORT, POSITIONAL TRADES CAN TAKE SHORT POSITIONS WITH A STOPLOSS OF 5068. WE MAY SEE LOT OF VOLATALITY IN THE COMING DAYS SO DON’T TRADE WITH SMALL STOPLOSSES AS THEY MAY HIT VERY FAST KEEP LITTLE BIGGER STOPLOSS AND KEEP BOOKING PROIFTS AT REGULAR INTERVALS.
STOCKS IN NEGATIVE ZONE : CHAMBAL FERTILIZERS, ADLABS, ALLAHABAD BANK, IDBI, INDIANBANK, IOB, KOTAK BANK, M&M, NAGARJUNA CONSTRUCTION, PNB, RELINFRA, RCOM, STER, TATA CHEMICALS, SYNDICATE BANK, TRIVENI, UNION BANK, UNIPHOS, VOLTAS, ZEE, MOSER BAER, PUNJLLOYD, PRAJ IND, UNITECH, JP, ROLTA, RENUKA, PTC, ICSA, FSL, OPTOCIRCUITS, NOIDA, INDIA INFO
SELL BAJAJ HINDUSTAN SL 210 TGT 204/200/196
SELL CENTURY TEXTILES SL 481 TGT 470/462
SELL DLF SL 371 TGT 361/355
SELL ESSAR OIL SL 136.1 TGT 132.6/130.1
SELL HDFC BANK SL 1731 TGT 1706/1691/1661
SELL ICICIBANK SL 892 TGT 870/861/850
SELL AXIS SL 1001 TGT 978/971/954
SELL LICHSG FUTURES SL 862 TGT 823/806

SELL SIEMENS SL 559 TGT 546/537/526

INTRADAY TIPS FOR 19 NOVEMBER 2009

GOOD MORNING!!!

VOLATILITY WAS THE KEY IN THE LAST TRADING SESSION KEY INDICES EDGED LOWER WITH INVESTORS CASHING IN ON GAINS AFTER A SHARP RALLY IN THE PAST FEW DAYS. THE SENSEX SETTLED BELOW 17,000 MARK AFTER ALTERNATIVELY MOVING ABOVE AND BELOW THAT LEVEL DURING THE DAY. METAL STOCKS ROSE. BUT CAPITAL GOODS AND BANKING STOCKS FELL HEAVYWEIGHT RELIANCE INDUSTRIES DROPPED AFTER SETTING RECORD DATE FOR A LIBERAL 1:1 BONUS ISSUE. ANOTHER INDEX HEAVYWEIGHT L&T ALSO FELL. THE INDUSTRY BODY ASSOCHAM ON TUESDAY, 17 NOVEMBER 2009, SUGGESTED THAT FOREIGN INSTITUTIONAL INVESTORS (FIIS) SHOULD BE CHARGED A TAX OF 2% OF THEIR MONEY PUMPED INTO THE STOCK MARKET TO PREVENT FURTHER RISE OF THE RUPEE AND ALSO AN ASSET-BUBBLE. AT A QUARTERLY POLICY REVIEW LATE LAST MONTH, THE RBI SAID THERE WERE SIGNS EXCESS LIQUIDITY IS SEEPING INTO ASSET PRICES. IMPOSING THE TAX WOULD HELP THE RBI TO MANAGE RUPEE AT REASONABLE LEVELS TO SAFEGUARD AND SUPPORT INDIAN EXPORTERS, HIT HARD BY RISING INPUT COST AND APPRECIATING RUPEE, ASSOCHAM SAID. THE RUPEE HAS APPRECIATED OVER 5% AGAINST THE US DOLLAR IN THE LAST SIX MONTHS.
TODAY MARKET WOULD REMAIN IN RANGE BOUND WITH NEGATIVELY BIASED. IF NIFTY TRADES BELOW 5045 THEN IT IS LIKELY TO REACH A TARGET OF 5017 AND BREACH BELOW THIS LEVEL WOULD TAKE NIFTY TO 4977 AND ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5075 THEN WAS CAN SEE NIFTY TO 5113 AND THEN TO 5159. ONE HAS TO REMAIN VERY CAUTIOUS AS THERE IS ONLY 5 TRADING SESSIONS LEFT IN THIS EXPIRY, ONE SHOULD KEEP A NOTE THAT MARKET IS UP ALMOST 550 POINTS FROM RECENT LOWS I.E., FROM 4530 TO 5080 WHICH IS AROUND 550 POINTS SO THERE WOULD BE SOME KIND OF CONSOLIDATION HERE BEFORE IT MAKES AN UP MOVE EVEN ON THE BULLISH SIDE OF MARKET WE MAY SEE SOME 130 POINTS CORRECTION IN NIFTY. SO ONE IS ADVISED TO STAY CAUTIOUS. THERE WILL LOT OF VOLATILITY FROM NOW ON IN THE MARKET SO STAY WITH STRICT STOPLOSS EITHER SIDES.
BUY ESSAR SHIPPING SL 67 TGT 74/76
BUY RELCAP ABOVE 909 SL 899 TGT 919/929/944
BUY JINDAL STEEL ABOVE 730 SL 719 TGT 738/744
BUY RANBAXY SL 419 TGT 430/434
SELL RELINFRA SL 1159 TGT 1133/1125/1111
SELL SUNPHARMA SL 1446 TGT 1424/1416
POSITIONAL TRADES

BUY RELIGARE TECHNOVA (526927) AT 82 TGT 100%/250%/500%

INTRADAY TIPS FOR 18 NOVEMBER 2009

GOOD MORNING!!!

INDICES CLOSED MARGINALLY HIGHER AFTER A STRONG INTRADAY REBOUND IN LATE TRADE. RECOVERY IN EUROPEAN STOCKS FROM LOWER LEVEL TRIGGERED THE STRONG REBOUND ON THE DOMESTIC BOURSES IN LATE TRADE. THE SENSEX REGAINED THE PSYCHOLOGICAL 17,000 MARK AFTER FALLING BELOW THAT LEVEL IN INTRADAY TRADE INTRADAY VOLATILITY WAS ON THE BOURSES WAS HIGH. AFTER INITIAL GAINS, THE MARKET SOON SLIPPED INTO THE RED ON LOWER ASIAN STOCKS. A STRONG REBOUND PUSHED THE SENSEX INTO THE GREEN IN LATE TRADE AS EUROPEAN STOCKS AND US INDEX FUTURES TRIMMED LOSSES. MREALTY STOCKS FELL. BUT IT STOCKS GALLOPED. BANKING STOCKS REVERSED INTRADAY LOSSES. THE MARKET BREADTH WAS NEGATIVE. THE MARKET HAS RISEN SHARPLY IN THE PAST FEW DAYS. THE RALLY HAS BEEN DRIVEN BY STRONG DOMESTIC AND GLOBAL LIQUIDITY. FOREIGN FUNDS HAVE BOUGHT EQUITIES WORTH A NET RS 72659.10 CRORE IN CALENDAR 2009 SO FAR AS AGAINST AN OUTFLOW OF RS 51611.50 CRORE IN THE CORRESPONDING PERIOD LAST YEAR.
TODAY MARKET WOULD REMAIN RANGE BOUND. IF NIFTY TRADES ABOVE 5077 THEN IT IS LIKELY TO TEST 5100 ZONE AND BREAK ABOVE THIS POINT WE CAN SEE NIFTY TO HEAD TOWARDS 5154 AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5035 THEN IT IS LIKELY TO COME DOWN TO 5015 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 4990 AND THEN TO 4956 ANY BREAK BELOW 4990 IS CONSIDERED TO BE CRUCIAL AND CLOSING BELOW 4990 ONE CAN REMAIN IN SHORT.
BUY RELINFRA SL 1180 TGT 1210/1218
BUY HDFCBANK SL 1744 TGT 1761/1775/1783
BUY ICICI BANK SL 918 TGT 932/948
BUY TATAPOWER SL 1319 TGT 1340/1357
BUY NAGARFERT SL 30.7 TGT 31.5/32
POSITIONAL TRADES
BUY ODYSSEY TECHNOLOGIES LTD TGT 100%

INTRADAY TIPS FOR 17 NOVEMBER 2009

GOOD MORNING!!!
BULLS TOOK COMPLETE CHARGE OF STOCK MARKET RIGHT FROM THE OPENING BELL OF THE MARKETS, DOMINANT BULLS DIDN’T GIVE UP AT ANY STAGE TILL THE END AND CONTINUED EFFORTS TO KEEP THE CHARTS ON THE POSITIVE SIDE WAS VERY MUCH SUCCESSFUL AND MANAGED TO HIT MAJOR INDICES ON TO A FRESH HIGH. ON THE TECHNICAL FRONT THE TREND IS TILL INTACT AND THERE IS HARDLY ANY CHOICE EXCEPT FOR BULLS, HOWEVER, THE INDICES ARE INTO A TIGHT AND STIFF ZONE OF RESISTANCE THIS IS THE LIKELY POINT OF SELLING PRESSURE OR PROFIT BOOKING TO COMMENCE SO ONE IS ADVISED TO STAY EXTRA CAUTION.

TODAY NIFTY MAY OPEN SLIGHTLY POSITIVE BUT NIFTY MAY SEE A STIFF RESISTANCE AROUND 5072 LEVELS, MARKET MAY BE VOLATILE ONE HAS TO BE VERY CAUTIOUS AT THIS STAGE AS NIFTY MAY SLIDE DOWN AT ANY POINT WITH PROFIT BOOKING AT THIS HIGHER STAGES, I WOULD ADVICE TO STAY CAUTIOUS ON THE HIGHER LEVELS AND KEEP BOOKING PROFITS. TODAY IF NIFTY TRADES 5072 WITH GOOD VOLUMES THEN WE CAN SEE NIFTY TO MOVE UP TO 5125 AND THEN TO 5159 AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5033 THEN IT IS LIKELY TO SLIDE DOWN TO 4990 AND BREAK BELOW THIS LEVEL MAY TAKE NIFTY TO 4956 AND ANY CLOSE BELOW 4967 IS DANGEROUS AND ONE IS ADVISED TO EXIT FROM LONGS AND CAN TAKE FRESH SHORTS OR CARRY OVER THE SHORTS TO THE NEXT TRADING SESSION. ONE CAN EYE SUGAR SECTOR FOR SHORTING.
BUY HDIL SL 362 TGT 369/376/381
BUY DLF SL 382 TGT 388/392
BUY SIEMENS SL 567 TGT 578/582
SELL BAJAJ HIND SL 225.7 TGT 218/214
SELL BANK BARODA SL 846 TGT 835/831
SELL LITL BELOW 550 SL 556 TGT 543/534/521

INTRADAY TIPS FOR 16 NOVEMBER 2009

GOOD MORNING!!!

VOLATILITY WAS VERY HIGH IN THE LAST TRADING SESSION ON THE EXPECTATIONS OF IIP NUMBERS INDICES SURGED ON STRONG INDUSTRIAL OUTPUT DATA. BREADTH OF THE MARKET REMAINED POSITIVE THOUGH INTRADAY VOLATILITY ON THE BOURSES WAS IMMENSE. INDUSTRIAL OUTPUT ROSE 9.1% IN SEPTEMBER 2009 OVER SEPTEMBER 2008. THE GOVERNMENT REVISED UPWARDS THE INDUSTRIAL PRODUCTION GROWTH FOR AUGUST 2009 TO 11% FROM 10.4%. CONSUMER DURABLE GOODS OUTPUT SURGED BY AN ANNUAL 22.2%, MANUFACTURING PRODUCTION ROSE 9.3%, MINING OUTPUT WAS UP 8.6% AND POWER GENERATION ROSE 7.9% IN SEPTEMBER 2009 OVER SEPTEMBER 2008. THE FOOD PRICE INDEX WAS UP 13.68% IN 12 MONTHS TO 31 OCTOBER 2009, THE FUEL INDEX WAS DOWN 1.71%. ONE CANNOT RULE OUT THE DOWNFALL AT ANY STAGE AS THE RECOVERY OR UPMOVE OF 500 POINTS WAS JUST IN 5 STRAIGHT TRADING SESSIONS SO ONE SHOULD BE VERY CAUTIOUS ON INVESTING AND THERE IS EVERY CHANCE THAT MARKET CAN MAKE A RETRACEMENT OR CORRECT TO 120 TO 150 NIFTY POINTS SO ONE CAN ADD ON THE DOWNSIDE FOLLOWING A STRICT STOPLOSS.
TODAY MARKET WOULD REMAIN VOLATILE ON A RANGE BOUND TRADE. IF NIFTY SUSTAINS ABOVE 5022 THEN IT IS LIKELY TO TOUCH 5072 AND BREAK ABOVE THIS POINT IS CONSIDERED TO BE A GOOD UPSIDE MOVE AND ABOVE 5072 IF TRADES THEN IT MAY TAKE NIFTY TO 5159 CLOSE ANYTHING ABOVE 5072 IS CONSIDERED TO BE BULLISH AND ONE CAN STAY LONG WITH 1/4 OF HEDGING ON THE OVERALL PORTFOLIO. ON THE NEGATIVE ZONE IF NIFTY BREACHES 4974 THEN WE CAN SEE NIFTY TO SLIDE DOWN TO 4937 AND THEN TO 4909. IF NIFTY CLOSES BELOW 4909 ON THE CLOSING BASIS ONE CAN CARRY SHORT POSITIONS FOR THE NEXT TRADING SESSION.
BUY HEROHONDA SL 1567 TGT 1590/1612/1627
BUY MARUTI SL 1460 TGT 1502/1518/1538
BUY JINDALSTEEL SL 692 TGT 711/722
SELL ASHOK LEYLAND SL 52.75 TGT 51.7/50.90
SELL INDIA CEMENTS SL 104.5 TGT 102/97
SELL POWER GRID SL 105.4 TGT 102.75/100.6
SELL SBI SL 2313 TGT 2258/2236/2215
SELL TECHM SL 1016 TGT 986/968/944
SELL UNITECH SL 84.7 TGT 82/79.75
POSITIONAL TRADES
BUY GMDC TGT 165 -> MEDIUM TERM
BUY NELCAST LTD TGT 75 -> SHORT TERM
BUY ELECON ENG TGT 100 -> SHORT TERM
BUY CRISIL TGT 4380 -> MOMENTUM
BUY HUNNUG TOYS TGT 133 -> MOMENTUM
BUY KOTHARI SUGARS TGT 12.5/13/13.75 -> MOMENTUM
BUY LYKA LABS TGT 44 -> MOMENTUM

INTRADAY TIPS FOR 13 NOVEMBER 2009

GOOD MORNING!!!

INDICIES HAVE GIVEN UP SOME PART OF THEIR GAINS AFTER A STRAIGHT 7 DAY RALLY ON THE BOURSES, INTEREST RATE SENSITIVE SECTORS BANKING, AUTO AND REALTY STOCKS LED SLIDE IN THE MARKET IN A HIGHLY VOLATILE TRADING SESSION. DAY'S HIGH AND UP CLOSE TO 120 POINTS FROM THE DAY'S LOW. NIFTY CLOSED BELOW 5000 AND STOCKS FELL DESPITE STRONG INDUSTRIAL PRODUCTION DATA. THE MARKET BREADTH WAS WEAK THOUGH THE STRUCTURE OF THE MARKET STILL REMAINS STRONG.
TODAY MARKETS LOOKS RANGE BOUND TO NEGATIVELY BIASED WITH GLOBAL CUES TRADING IN NEGATIVE TERRITORY. ONE HAS TO BE VERY CAUTIOUS ON THE LONGS WITH STRICT STOPLOSS. IT IS ADVISED TO TRADE LESS WITH STRICT STOPLOSS ON INTRADAY BASIS UNTIL THE LEVEL SPECIFIED BELOW ARE SURPASSED OR BREACHED. TODAY IF NIFTY TRADES BELOW 4937 THEN IT WILL TAKE NIFTY TO 4877 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 4820 AND NIFTY WOULD TAKE SUPPORT AROUND 4800. AND ON THE POSITIVE FRONT IF NIFTY TRADES ABOVE 4978 IT MAY TAKE NIFTY TO 5010 BREAK ABOVE THIS WOULD TAKE NIFTY TO 5072. AIRLINES STOCKS LOOKING POSITIVE AND REALITY LOOKING WEAK ALONG WITH BANKING.
SELL BANK INDIA SL 364 TGT 358/352
SELL DLF SL 373 TGT 365/362/358
SELL BHARAT FORGE SL 269 TGT 260/254/250
SELL FEDERAL BANK SL 234 TGT 226/221/217
SELL MARUTI SL 1431 TGT 1398/1386/1375
SELL JINDALSAW BELOW 765 POSITIONALLY ON CLOSING BASIS

SELL ABAN BELOW 1215 POSITIONALLY ON CLOSING BASIS
KEEP AN EYE ON JET AIRWAYS AND KFA ON POSITIVE SIDE
NOTE: GO SHORT ONLY IF THE ABOVE STOCKS ARE NEGATIVE OR EVEN DURING THE DAY IF THEY COME NEGATIVE

INTRADAY TIPS FOR 12 NOVEMBER 2009

GOOD MORNING!!!

INDICES SOARED TRACKING FIRM GLOBAL STOCKS AFTER CHINA REPORTED CONTINUED STRENGTH IN INDUSTRIAL PRODUCTION GROWTH, KEEPING ALIVE HOPES OF A RECOVERY IN THE GLOBAL ECONOMY. THE MARKET SHRUGGED OFF CYCLONE PHYAN WHICH IS EXPECTED TO BRING HEAVY RAINS TO MUMBAI, THE COMMERCIAL CAPITAL. LATEST REPORTED SUGGEST THAT THE CYCLONE HAS BYPASSED MUMBAI AT 14:00 IST. METAL, AUTO, REALTY, CAPITAL GOODS AND IT STOCKS ROSE. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES SURGED IN LATE TRADE. THE MARKET BREADTH WAS VERY STRONG. THE MARKET MOVED BETWEEN POSITIVE AND NEGATIVE ZONE IN EARLY TRADE. IT SURGED IN MID-MORNING TRADE. THE MARKET EXTENDED GAINS LATER. THE MARKET SENTIMENT HAS BEEN BOOSTED BY PRIME MINISTER MANMOHAN SINGH'S ANNOUNCEMENT ON SUNDAY, 8 NOVEMBER 2009, THAT FINANCIAL REFORMS, SUCH AS BUILDING UP A DOMESTIC BOND MARKET AND EXPANDING FOREIGN INVESTMENT IN SECTORS LIKE INSURANCE, WOULD BE PUSHED FORWARD.
TODAY MARKET WOULD OPEN IN POSITIVE ZONE AND MAY REMAIN RANGE BOUND, IF NIFTY TRADES ABOVE 5030 THEN IT IS LIKELY TO GO TO 5053 AND TRADE ABOVE THIS POINT WOULD TAKE NIFTY TO 5080 AND ON THE DOWN SIDE IF NIFTY 4980 THEN IT IS LIKELY TO TAKE NIFTY TO 4937. A SHARP RALLY OF ALMOST 500 POINTS UPSIDE FROM 4531 TO 5024 WHICH IS CONSIDERED TO BE MATTER OF CONCERN AS IT IS EVIDENT THAT MARKET MAY TAKE RETRACEMENT AT ANY STAGE, SO ONE IS CAUTIONED TO AVOID BUYING WITH ALL THE CAPITAL, AND DILUTE AND LIQUIDATE SOME OF YOUR ASSETS AND BE ON CASH AND DON’T INVEST ALL THE MONEY WHAT YOU HAVE INVEST ONLY 50% OF THE CAPITAL IN INVESTMENTS AND YOU CAN PLAY INTRADAY IF YOU ARE A TRADER.
BUY IDFC SL 167.8 TGT 170/172
BUY JPASSOCIATES SL 238.4 TGT 245/247/249
BUY STER SL 852 TGT 868/874/880
BUY RELINFRA SL 1152 TGT 1172/1184/1200
BUY SRF SL 194 TGT 205/209
BUY JSPL SL 692 TGT 705/709

POSITIONAL TRADES

BUY PURAVANKARA FOR 50% RETURNS IN MEDIUM TERM

INTRADAY TIPS FOR 11 NOVEMBER 2009

GOOD MORNING!!!

PROFIT BOOKING SNAPPED LAST FOUR DAYS' GAINS, EDGING INDICES TO CLOSE WITH SMALL LOSSES. FMCG, CAPITAL GOODS, TELECOM AND REALTY STOCKS FELL. THE MARKET BREADTH WAS NEGATIVE IN CONTRAST TO A STRONG BREADTH EARLIER IN THE DAY. INTRADAY VOLATILITY ON THE BOURSES WAS HIGH. THE MARKET OPENED ON A FIRM NOTE ON HIGHER ASIAN STOCKS AND OVERNIGHT SOLID RALLY IN US STOCKS. IT TRIMMED GAINS IN MID-MORNING TRADE ON PROFIT TAKING AFTER A SHARP SURGE OVER THE PAST FOUR DAYS. THE MARKET REGAINED STRENGTH AFTER FALLING TO AN INTRADAY LOW IN MID-MORNING TRADE. HOWEVER, THE INTRADAY REBOUND PROVED VERY SHORT LIVED. THE MARKET SLIPPED INTO THE RED IN EARLY AFTERNOON TRADE. THE MARKET CUT LOSSES AFTER HITTING A FRESH INTRADAY LOW IN EARLY AFTERNOON TRADE. FINANCE MINISTER PRANAB MUKHERJEE TODAY SAID THE GOVERNMENT WILL HAVE TO TAKE CORRECTIVE MEASURES ON STIMULUS IN DUE COURSE. HE ALSO SAID THE ECONOMY IS IN THE PROCESS OF RECOVERY AND THERE IS A NEED OF GENERATING STRONG DOMESTIC DEMAND UNTIL THE ROBUST RECOVERY ALL OVER THE WORLD. HE ALSO ADDED THAT THE TIMING OF THE WITHDRAWAL OF STIMULUS STEPS FOR INDIA'S ECONOMY WILL BE DECIDED WHEN IT BECOMES CLEAR ABOUT THE ECONOMY
TODAY MARKET LOOKS VOLATILE AND VERY RANGE BOUND AND ONE NEEDS TO STAY VERY CAUTIOUS IN THIS MARKETS. IF NIFTY TRADES BELOW 4867 THEN IT IS LIKELY TO SLIDE DOWN TO 4825 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 4770. IF NIFTY CLOSES BELOW 4790 I WOULD SUGGEST TO EXIT LONGS TO THE MAXIMUM POSSIBLE. AND ON THE UPSIDE IF NIFTY TRADES ABOVE 4888 THEN ONE CAN TAKE LONG POSITION FOR A TARGET OF 4935 AND BREAK ABOVE THIS LEVEL INDICATE STRENGTH IN THE MARKET AND CAN LEAD NIFTY 4980. UNLESS AND UNTIL NIFTY CLOSES BELOW 4790 IT IS BETTER TO STAY ON THE POSITIVE DIRECTION. FOR INTRADAY ONE HAS TO BEAR IN MIND 4795 AS STOPLOSS FOR LONGS.
BUY STER SL 797 TGT 824/833
BUY RECLTD SL 214.5 TGT 222.7/224/227
SELL ABAN SL 1252 TGT 1191/1168/1135
SELL WIPRO SL 598 TGT 580/570
SELL TTML SL 26.5 TGT 25
SELL PTC SL TGT 108/106.6/103.7

INTRADAY TIPS FOR 10 NOVEMBER 2009

GOOD MORNING!!!

INDICES GAINED AS THE US DOLLAR FELL SHARPLY AGAINST ALL THE MAJOR RIVALS AFTER FINANCE MINISTERS AND CENTRAL BANKERS FROM THE GROUP OF 20 LEADING ECONOMIC POWERS PLEDGED TO KEEP MASSIVE STIMULUS MEASURES IN PLACE UNTIL THE GLOBAL RECOVERY STRENGTHENS. CLOSER HOME, HOPES OF A PICK-UP IN THE PACE OF ECONOMIC REFORMS FURTHER BOLSTERED BULLS. BANKING, FMCG, AUTO, METAL AND REALTY STOCKS JUMPED. BANKING WAS THE OUT PERFORMER. INDICES HEAVY WEIGHT RELIANCE INDUSTRIES (RIL) EXTENDED SURGED ON REPORTS THE FIRM IS CLOSE TO ANNOUNCING A MAJOR OVERSEAS ACQUISITION. INDIA'S LARGEST ENGINEERING AND CONSTRUCTION FIRM BY SALES LARSEN & TOUBRO ROSE AFTER IT WON FRESH ORDERS. THE MARKET BREADTH WAS STRONG. WITH SHORT-TERM INTEREST RATES VERY LOW, GLOBAL TRADERS HAVE TURNED TO BORROWING FUNDS CHEAPLY IN THE US AND THEN REINVESTING THE PROCEEDS IN EQUITIES AND COMMODITIES, LOOKING TO LOCK IN HIGHER RETURNS AND BENEFITING FROM FURTHER EROSION IN THE DOLLAR. THESE SO CALLED US DOLLAR CARRY TRADES HAVE KEPT PUTTING PRESSURE ON THE DOLLAR AS INVESTORS SHORT THE CURRENCY TO INVEST ELSEWHERE. PRIME MINISTER MANMOHAN SINGH SAID THE GOVERNMENT WOULD ACCELERATE THE SALE OF STAKES IN STATE-RUN COMPANIES.
TODAY MARKET LOOKS POSITIVE WITH GLOBAL QUES TRADING ON A VERY POSITIVE NOTE. STRUCTURALLY MARKETS HAVE BECOME STRONG AND AS TOLD IN THE LAST 2 DAYS IF NIFTY TRADE ABOVE 4860 THERE IS NO DOUBT FOR NIFTY HITTING 4835 NOW THAT THE TARGET OF 4935 WOULD BE ACHIEVED IN THE OPENING THIS STRONG MOVE MAY TAKE NIFTY TO 5040 IF NIFTY MOVES TO 5040 QUICKLY THEN THERE IS EVERY POSSIBILITY THAT NIFTY MAY MOVE UP FURTHER PUTTING A LOT OF PRESSURE ON SHORT COVERINGS, WITH SHORT COVERINGS MARKET MAY FURTHER MOVE UP THERE BY TAKING NIFTY TO NEW HIGHS FOR TODAY IF NIFTY TRADES ABOVE 4935 THEN IT IS LIKELY TO MOVE UP TO 4971 AND TRADE ABOVE THIS WOULD TAKE NIFTY TO 5040. AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4860 THEN ONE CAN SEE NIFTY TO SLIDE DOWN TO 4800.
BUY SBI SL TGT 2338/2352/2379
BUY HINDALCO SL127.9 TGT 133/135/137
BUY JSL ABOVE 103 SL 101.90 TGT 107/112/117
POSITIONAL TRADES
BUY MAYUR UNIQUTEORS TGT 150 (SHORT TERM)

INTRADAY TIPS FOR 09 NOVEMBER 2009

GOOD MORNING!!!

LAST TRADING SESSION WAS A SEE SAW MARKET. WE HAVE SEEN METAL, BANKING AND REALTY STOCKS EDGED HIGHER. BUT FMCG AND AUTO STOCKS FELL. THE MARKET BREADTH WAS STRONG. INTRADAY VOLATILITY WAS QUITE HIGH. THE MARKET SURGED IN EARLY TRADE ON FIRM ASIAN MARKETS AND OVERNIGHT SURGE IN US STOCKS TRIGGERED BY POSITIVE ECONOMIC DATA IN THE US. THE MARKET REMAINED RANGE BOUND IN MID-MORNING TRADE. IT PARED GAINS IN EARLY AFTERNOON TRADE AND REGAINED STRENGTH IN MID-AFTERNOON TRADE.
TODAY MARKETS WOULD BE POSITIVELY BIASED, TODAY IF NIFTY TRADES ABOVE 4998 THEN IT IS LIKELY TO TOUCH 4841 AND BREAK ABOVE THIS POINT ON GOOD VOLUMES WOULD LEAD NIFTY TO 4905 (AS TOLD IN THE LAST SESSION ONE CAN STAY INVESTED IF NIFTY CLOSES ABOVE 4860 FOR A TARGET OF 4934) AND ON THE DOWNSIDE IF NIFTY BREAKS BELOW 4775 THEN IT IS LIKELY TO TOUCH 4720 AND BREAK BELOW THIS POINT WOULD LEAD NIFTY 4656 SO ONE CAN TAKE POSITION ON BUY SIDE WITH STOPLOSS OF 4775 AND CARRY LONGS ONLY IF NIFTY CLOSES ABOVE 4860 ELSE BOOK PROFIT ON INTRADAY TERMS.
BUY ANDHRA BANK SL 114.9 TGT 117/119
BUY ONGC SL 1149 TGT 1175/1185/1209
BUY KOTAK BANK SL 759 TGT 774/785/794
BUY NAGARFERT SL 29.9 TGT 31.9/32.7/33.4
BUY PANTALOON SL 309 TGT 319/329
BUY PRAJ SL 85 TGT 88/90.5
POSITIONAL TRADES
BUY EMCO TGT 105
BUY EVERYDAY TGT 75

FOR LIVE TIPS ONE HAS TO CALL UP 9490116984

INTRADAY TIPS FOR 06 NOVEMBER 2009

GOOD MORNING!!!

KEY INDICES HAVE SHOWN REVERSEL OF STEEP INTRADAY LOSSES AND ENDED FIRM AFTER THE US FEDERAL RESERVE ON WEDNESDAY, 4 NOVEMBER 2009, PROMISED AGAIN TO KEEP INTEREST RATES EXCEPTIONALLY LOW FOR AN EXTENDED PERIOD BECAUSE IT EXPECTS ONLY A WEAK RECOVERY. METAL, REALTY, AUTO AND TELECOM STOCKS LED THE RALLY. THE SENSEX REGAINED PSYCHOLOGICAL 16,000 MARK. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES JUMPED. THE MARKET BREADTH WAS STRONG. INTRADAY VOLATILITY WAS IMMENSE. THE MARKET DRIFTED LOWER IN EARLY TRADE ON WEAK ASIAN STOCKS. A SHARP RALLY WAS WITNESSED IN MID-AFTERNOON TRADE AND INDICIES SURGED TO HIT A FRESH INTRADAY HIGH IN LATE TRADE. WITH SHORT-TERM INTEREST RATES VERY LOW, GLOBAL TRADERS HAVE TURNED TO BORROWING FUNDS CHEAPLY IN THE US AND THEN REINVESTING THE PROCEEDS IN EQUITIES AND COMMODITIES, LOOKING TO LOCK IN HIGHER RETURNS AND BENEFITING FROM FURTHER EROSION IN THE DOLLAR. THERE HAS BEEN A SOLID SURGE IN INFLOWS IN EMERGING MARKETS EQUITY FUNDS THIS YEAR. TELECOM STOCKS ROSE ON REPORTS THE DEPARTMENT OF TELECOM (DOT) WILL SEEK A FAST-TRACK APPROVAL FROM THE FINANCE MINISTRY TO SLASH THE ANNUAL LICENCE FEE BY UP TO A THIRD FOR TELECOM OPERATORS WITH LARGE NETWORK PRESENCE. IT WILL ALSO PROPOSE TO THE FINANCE MINISTRY THAT ALL LICENCE FEE BE EXEMPTED FOR LANDLINE SERVICES, REPORTS SUGGEST. BHARTI AIRTEL, RELIANCE COMMUNICATIONS AND IDEA CELLULAR ROSE BY BETWEEN 4.5% TO 5.34%.
TODAY NIFTY MAY BE RANGE BOUND, TODAY IF NIFTY TRADES ABOVE 4790 THEN IT IS LIKELY TO REACH A TARGET OF 4831 AND TRADE ABOVE THIS POINT WITH VOLUMES MAY LEAD NIFTY TO 4870 AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 4740 THEN ONE CAN SHORT NIFTY FOR A TARGET OF 4701 AND BREAK BELOW THIS LEVEL WOULD LEAD NIFTY TO 4680 AND BELOW THIS LEVEL WE CAN SEE NFITY TO TAKE SUPPORT AROUND 4645. ONE IS ADVISED TO STAY INVESTED AT THIS STAGE AS MARKET HAS PULLED BACK FROM NEGATIVE TERRITORY TO POSITIVE TERRITORY. MARKET HAS REVERSED ITS POSITION FROM A VERY WEAK ZONE TO A VERY STRONG ZONE SO ONE IS ADVISED TO EXIT ALL SHORTS AND BE LONG AS LONG AS NIFTY TRADES BELOW 4740. (NOTE: ONE HAS TO BEAR IN MIND THAT IF NIFTY CLOSES ABOVE 4860 THEN WE CAN SEE NIFTY TO REACH 4934 IN A VERY SHORT TIME )
BUY RELCAP SL 792 TGT 829

BUY RELINFRA SL 1074 TGT 1150/1200/1250
BUY DLF SL 367 TGT 394/412
BUY SUZLON SL 59 TGT 68.4/72.6

INTRADAY TIPS FOR 05 NOVEMBER 2009

GOOD MORNING!!!

INDICES AFTER THE STRAIGHT SEVENTH DAY OF SUCCESSIVE FALL, MARKETS RECOVERED ON GLOBAL INDICIES SURPASSING THE NEAR TIME HURDLE OF 4684 AND CLOSING JUST BELOW THE VERY CRUCIAL LEVEL OF NIFTY (4740). WE HAVE WITNESSED GOOD GAINS IN ALL THE SECTORAL INDICES, MARKET HEAVY WEIGHT RELIANCE INDUSTRIES HAS GAINED ALMOST 5.77% WITH REALITY JUST MOVING ABOVE 10% METALS SURGING HIGH, BANKING HAS MOVED UP VERY GOOD. SO OVERALL MARKET BREADTH FROM WEAK TURNED POSITIVE. THOUGH MARKET MOVED UP QUITE HIGH THE ONLY CONSTRAINT WAS LOW VOLUMES WHICH MADE MANY INVESTORS TO STAY AWAY SO ITS AGAIN A WORD OF CAUTION THAT DON’T INVEST ANYTHING UNTIL NIFTY CLOSES 4740.
TODAY IF NIFTY TRADES ABOVE 4700 THEN IT IS LIKELY TO GO TO 4735 AND BREAK ABOVE THIS LEVEL IT WOULD LEAD NIFTY TO 4804 ONE IS ADVISED TO STAY LONG IF NIFTY TRADES ABOVE 4740 ON THE CLOSING BASIS AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4700 IT IS LIKELY TO TEST 4675 LEVELS AND BELOW THAT 4645 AND ANYTHING BELOW 4645 IS AGAIN CONSIDERED TO BE WEAK.
BUY STERLITE SL 756 TGT 775/800/826
BUY EDUCOMP SL 814 TGT 846/857/888
BUY ICICI SL 818 TGT 835/843/851
BUY ABAN SL 1183 TGT 1225/1245/1271
BUY JP SL 209.90 TGT 217/220/223

INTRADAY TIPS FOR 04 NOVEMBER 2009

GOOD MORNING!!!

ALL THE INDICES EXTENDED LOSSES FOR SIXTH STRAIGHT SESSION OF TRADE AS SELL-OFF GRIPPED IN INDEX PIVOTALS IN LATE TRADE. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL) SLUMPED OVER 6% ON REPORTS THE COMPTROLLER AND AUDITOR GENERAL (CAG) HAS SET UP A TEAM TO EXAMINE THE EXPENSES RELIANCE INDUSTRIES (RIL) INCURRED ON ITS D6 NATURAL GAS FIELD IN THE KRISHNA-GODAVARI (KG) BASIN IN THE BAY OF BENGAL. STOCKS FELL ACROSS THE GLOBE AS INVESTORS CONTINUED TO FRET OVER THE EARLY REMOVAL OF GOVERNMENT STIMULUS, PARTICULARLY IN THE FINANCIAL SECTOR. HIGH VOLATILITY WAS THE HALLMARK OF THE DAY'S TRADING SESSION. THE MARKET BREADTH WAS QUITE WEAK. SELLING PRESSURE WAS INTENSE WITH ALL THE SECTORAL INDICES ENDING WITH LOSSES. REALTY, CEMENT AND METAL SHARES DECLINED SHARPLY ON SELLING PRESSURE. IT STOCKS SLIPPED ON PROFIT BOOKING. TELECOM SHARES SAW DIVERGENT TREND WITH BHARTI AIRTEL REBOUNDING FROM A 52-WEEK LOW ON BARGAIN HUNTING AFTER A STEEP RECENT SLIDE. RELIANCE COMMUNICATIONS DROPPED ON POOR EARNINGS.
TODAY MARKETS WOULD OPEN GAP UP WITH GLOBAL QUES.. NIFTY HAS BREACHED THE KEY SUPPORT OF 4591 THE NEXT LEVEL FOR NIFTY IS AROUND 4384 SO ONE IS CAUTIONED TO STAY AWAY FROM LONGS AS NIFTY MAY DIP FURTHER, NIFTY MAY TAKE RESISTANCE AT 4740 LEVELS. ONE CAN STAY SHORT AROUND THIS LEVEL WITH 4740 AS STOPLOSS. ANY UPSIDE CAN BE USED AS A SELLING OPPORTUNITY WITH STOPLOSS AS 4740.

ALL THESE RECOMMENDATIONS ARE FOR INTRADAY FOLLOW STRICT STOPLOSSES
BUY LICHSG SL 678 TGT 720/739
BUY YESBANK SL 214 TGT 221/226/234
BUY BREAL SL 207 TGT 220/226/232
BUY ACC BELOW SL 694 TGT 715/728/744

BUY DLF SL 339 TGT 347/356/362

INTRADAY TIPS FOR 03 NOVEMBER 2009

GOOD MORNING!!!

KEY BENCHMARK INDICES INITIAL SURGE TRIGGERED BY FIRM GLOBAL STOCKS THEIR AFTER EXTENDED LOSSES FOR THE FIFTH DAY IN A ROW. A WEAK DEBUT OF POWER UTILITY INDIABULLS POWER WEIGHED ON THE INVESTOR SENTIMENT, TELECOM STOCKS FELL, INDEX HEAVY WEIGHT RELIANCE INDUSTRIES AND ONGC WAS DOWN AS INVESTORS REACTED TO THEIR EARNINGS. THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET WAS WEAK. INTRADAY VOLATILITY WAS IMMENSE. RESULTS OF AUTO SECTOR WERE COMMENDABLE.
TODAY MARKET EVEN IF IT OPENS POSITIVE ON GLOBAL QUES MAY NOT WITH STAND FOR A LONGER TIME DURING THE DAY AS THE INDEX HAS BREACHED THE MAJOR SUPPORT LEVEL OF 4740 WHICH MAY TAKE NIFTY TO FURTHER DOWNSIDE, EVEN IF NIFTY MOVES UP IT MAY BE SHORT LIVED AND NIFTY IS LIKELY TO TEST MUCH LOWER LEVELS THAN EXPECTED. TODAY IF NIFTY TRADES BELOW 4704 THEN IT IS LIKELY TO TEST 4654 AND BREAK BELOW THIS LEVEL WOULD SEE SOME SUPPORT AT 4591 AND THERE AFTER 4384 IN SHORT TERM. AND ON THE POSITIVE FRONT AVOID LONGS AT ANY COST FOR POSITIONAL AND ON INTRADAY BASIS ONE IS ADVISED TO GO LONG WITH STRICT STOPLOSS ABOVE THE LEVELS SPECIFIED. ONLY STOCK SPECIFIC MOVES EXPECTED. IF NIFTY TRADES ABOVE 4740 ONE IS EXPECTED TO GO LONG FOR A TARGET OF 4791 AND DON’T HOLD ANY POSITIONAL LONGS OVER NIGHT. POWER LOOKING VERY WEAK ALONG WITH TELECOM.
BUY STER ABOVE 781 SL 765 TGT 801/811/824
BUY FSL SL 33.40 TGT 35.7/36.4
BUY KTK BANK ABOVE 140 SL 136.8 TGT 141.7/143.8/146.5
SELL BHARTI SL 297.5 TGT 285/281/276
SELL RELINFRA SL 1058 TGT 1041/1036/1021

SELL RPOWER SL 143 TGT 134/131/126**

POSITIONAL TRADE

BUY INTERFIT TECHNO PRODUCT AT 10.5 WITHOUT STOPLOSS TGT 25/50 ****(MUST BUY)

INTRADAY TIPS FOR 30 OCTOBER 2009

GOOD MORNING!!!

INDICIES TUMBLED YET AGAIN ON THE STRIGHT 4TH DAY. VOLATILITY WAS THE ORDER OF THE DAY IN THE SECOND HALF OF THE TRADING SESSION AS THE MARKET LOST GROUND AFTER A STRONG INTRADAY REBOUND. VOLATILITY SURGED AS TRADERS ROLLED OVER POSITIONS IN THE DERIVATIVES SEGMENT FROM OCTOBER 2009 SERIES TO NOVEMBER 2009. RELIANCE INDUSTRIES FELL IN CHOPPY TRADE AHEAD OF ITS Q2 RESULTS LATER IN THE DAY. INDIA'S LARGEST TRACTOR MAKER BY SALES MAHINDRA & MAHINDRA ROSE ON STRONG Q2 RESULT. BUT METALS MAJOR STERLITE INDUSTRIES FELL ON POOR Q2 RESULT. REALTY, BANKING AND METAL STOCKS ALSO FELL.
TODAY MARKET WOULD OPEN ON POSITIVE NOTE WITH GLOBAL QUES TRADING ON POSITIVE SPHERE, TODAY WE ARE HEADING TO THE FRESH DAY OF NOVEMBER CONTRACTS. NIFTY HAS TAKEN SUPPORT AT A VERY CRUCIAL POINT. IF NIFTY BREAKS AND CLOSES BELOW 4740 THEN WE MAY SEE FURTHER MORE CORRECTION IN THE MARKET. FOR TODAY IF NIFTY TRADES ABOVE 4755 THEN IT IS LIKELY TO TAKE NIFTY TO 4798 AND TRADING ABOVE THIS LEVEL WOULD TAKE NIFTY TO 4830-4845 AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 4740 THEN IT IS LIKELY TO SLIDE DOWN MUCH MORE THAN ANTICIPATED. SO STAY INVESTED NOW WITH A STOPLOSS OF 4740 LEVELS.
BUY M&M SL 914 TGT 941/956/972

BUY VOLTAS SL 149 TGT 154/156
BUY RANBAXY SL 389 TGT 396/399/404
SELL DLF BELOW 374 SL 381 TGT 364/358/352
SELL RECAP BELOW 720 SL 731 TGT 711/701
TRADE SELL CALLS ONLY IF NIFTY BREAKS BELOW 4740 ELSE ONE CAN TAKE BUY POSITIONS.

INTRADAY TIPS FOR 29 OCTOBER 2009

GOOD MORNING!!!

INDICES HAVE SHOWN LOT OF WEAKNESS IN THE LAST THREE OF DAYS. MARKET HAS SHOWN LOT OF VOLATILITY IN THE TRADE ON THE NEGATIVE BIAS, THE MARKET BREADTH WAS WEAK. REALTY STOCKS ROSE. BUT, METAL AND AUTO STOCKS FELL. MARKET EXTENDED LOSSES FOR STRAIGHT THIRD DAY. INTRADAY VOLATILITY WAS HIGH AS TRADERS ROLLED POSITIONS IN THE DERIVATIVES SEGMENT FROM OCTOBER 2009 SERIES TO NOVEMBER 2009. MEANWHILE, A HEIGHTENED VOLATILITY IN THE RUPEE AGAINST THE DOLLAR IN THE PAST FEW DAYS HAS RAISED WORRIES THAT THE CORPORATE SECTOR MAY SUFFER LOSSES ON HEDGING. THE RUPEE WEAKENED PAST THE 47 PER DOLLAR MARK FOR THE FIRST TIME IN THREE WEEKS IN EARLY TRADE ON WEDNESDAY, 28 OCTOBER 2009, AS ASIAN STOCKS FELL.
TODAY MARKET WOULD REMAIN HIGHLY VOLATILE ON ACCOUNT OF EXPIRY. TODAY IF NIFTY TRADES ABOVE 4860 THEN IT IS LIKELY TO TEST 4881 AND THEN MAY TAKE NIFTY TO 4924 WHICH IS REMOTE. AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4812 IT IS LIKELY TO TAKE SUPPORT AROUND 4798 BREAK BELOW THIS LEVEL WOULD DIRECTLY LEAD NIFTY TO 4755 AND ANY CLOSE BELOW 4740 IS VERY VITAL ON CHARTS AS THIS IS CONSIDERED TO BE THE MOST CRUCIAL SUPPORT FOR NIFTY. ONE IS ADVISED TO STAY CAUTIOUS AND DON’T ROLL OVER THE POSITIONS ON THE BUY SIDE TO THE MAXIMUM AS THERE IS EVERY CHANCE THAT MARKET MAY TUMBLE MUCH MORE.
BUY JINDALSTEEL 690 TGT 707/714/719
BUY SBI SL 2214 TGT 2242/2264
BUY SESAGOA SL 289 TGT 299/304/309
BUY HDIL SL 339 TGT 357/366
SELL MARUTI SL 1424 TGT 1400/1388
SELL BPCL SL 501 TGT 486/479

INTRADAY TIPS FOR 28 OCTOBER 2009

GOOD MORNING!!!

ALL THE KEY INDICES REMAINED WEAK AFTER THE RESERVE BANK OF INDIA DID AWAY WITH SOME SPECIAL LIQUIDITY STEPS THAT IT HAD ANNOUNCED IN THE AFTERMATH OF THE GLOBAL FINANCIAL CRISIS. THE RBI HAD PUMPED IN MASSIVE LIQUIDITY IN THE BANKING SYSTEM IN THE PAST ONE YEAR OR SO TO HELP REVIVE THE DOMESTIC ECONOMY IN THE AFTERMATH OF THE GLOBAL FINANCIAL CRISIS. BANKING STOCKS FELL AS THE RBI DID NOT RELAX MARK-TO-MARKET RULES FOR BANK'S DEBT HOLDINGS. THE MARKET HAS BEEN AGOG WITH TALKS OF THE CENTRAL BANK HIKING THE CEILING ON THE PORTION OF GOVERNMENT SECURITIES THAT BANKS CAN PARK IN HELD-TO-MATURITY (HTM). RATE SENSITIVE REALTY STOCKS FELL. METAL STOCKS ALSO DECLINED. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES, TOO, EDGED LOWER. THE RESERVE BANK KEPT ITS BENCHMARK LENDING AND BORROWING RATES ON HOLD AT A QUARTERLY MONETARY POLICY REVIEW ON TUESDAY, 27 OCTOBER 2009. IT ALSO KEPT STEADY CASH RESERVE RATIO AT 5% BUT RAISED THE STATUTORY LIQUIDITY RATIO TO 25% FROM 24% WITH EFFECT FROM 7 NOVEMBER 2009. THE CENTRAL BANK SAID AN ACCOMMODATIVE MONETARY POLICY STANCE IS REQUIRED AS THE ONGOING ECONOMIC RECOVERY WAS "FRAGILE" THE RBI KEPT 2009/10 GDP FORECAST AT 6% WITH UPSIDE BIAS AND SAID IT SEES MODEST DECLINE IN AGRICULTURE. THE RBI RAISED PROJECTION OF INFLATION TO 6.5% WITH AN UPSIDE BIAS AT END MARCH 2010 FROM EARLIER 5%. THE RBI SAID BANK CREDIT REMAINED SLUGGISH AND IT CUT ITS FORECAST FOR ADJUSTED NON-FOOD CREDIT GROWTH IN 2009/10 TO 18% FROM 20%. "BANKS ARE URGED ONCE AGAIN TO STEP UP THEIR EFFORTS TOWARDS CREDIT EXPANSION WHILE PRESERVING CREDIT QUALITY WHICH IS CRITICAL FOR REVIVAL OF GROWTH," IT SAID. VOLATILITY MAY REMAIN HIGH ON THE BOURSES THIS WEEK AS TRADERS ROLLOVER POSITIONS IN THE DERIVATIVES SEGMENT FROM OCTOBER 2009 SERIES TO NOVEMBER 2009 SERIES AHEAD OF THE EXPIRY ON THURSDAY, 29 OCTOBER 2009.

TODAY MARKET WOULD OPEN WEAK AND REMAIN HIGHLY VOLATILE AND THE TREND WOULD REMAIN NEGATIVE AND CRUCIAL SUPPORT SEEN FOR NIFTY IS 4797 AND BREAK BELOW THIS LEVEL WE WILL HEAD TOWARDS 4740 WHICH IS ANOTHER MOST IMPORTANT SUPPORT. ON THE POSITIVE SIDE ONE IS ADVICED TO STAY AWAY FROM LONGS AT THIS STAGE NO UPMOVE ON BULLISH SIDE SO INVESTORS ARE ADVISED TO EXIT THEIR POSTIONS TO THE MAXIMUM AND TRADERS ARE ADVISED TO TRADE SHORT TO THE MAXIMUM AND ONLY THE RECOMMENDED SCRIPS CAN BE TRADED LONG ONLY WITH STOPLOSSES AND WITH VERY LOW VOLUMES ON THE BUY SIDE, WE CAN SEE MUCH MORE DOWNSIDE AS THE VOLUMES ON THE SELLING ZONE ARE MUCH HIGHER, ALL ARE ADVISED TO STAY CAUTIOUS SMALL UPMOVE MAY PUT YOU IN PANIC AVOID LONGS TILL IT IS ADVISED.

BUY MCLEOD RUSSEL SL 199 TGT 209/214
BUY IDFC SL 142 TGT 154/157

BUY FORTIS HEALTHCARE LTD SL 89 TGT 114*

SELL JINDAL STEEL BELOW 670 SL 688 TGT 657/639/607

SELL LICHSGFIN SL 815 TGT 780

SELL JINDALSAW SL 740 TGT 710/693