INTRADAY TIPS FOR 30 JUNE 2009

GOOD MORNING!!!

YESTERDAY THE MARKET WAS VERY VOLATILE. THE MARKET MOVED BETWEEN POSITIVE AND NEGATIVE ZONE IN EARLY TRADE. IT WEAKENED IN THE MORNING TRADE ON LOWER US INDEX FUTURES. THE MARKET CUT LOSSES LATER AS INVESTORS TOOK FRESH POSITIONS ON THE HOPES OF A REFORM-ORIENTED BUDGET. THE SENSEX SURGED IN EARLY AFTERNOON TRADE, TRADE ON FIRM EUROPEAN STOCKS. THE MARKET, HOWEVER PARED GAINS LATER AFTER HITTING FRESH INTRADAY HIGHS IN THE AFTERNOON TRADE. BANKING SHARES SAW AN ACROSS-THE-BOARD RALLY ON HOPES OF FAVORABLE ANNOUNCEMENT IN THE UNION BUDGET 2009-2010, BUT IT SLIPPED ON FEARS OF US ECONOMIC RECOVERY AS IT IS EXPECTED TO TAKE LONGER TIME THAN EXPECTED.

TODAY MARKETS ARE EXPECTED TO BE VOLATILE. MARKETS WOULD OPEN FIRM BUT MAY NOT WITHSTAND FOR LONGER TIME. LAST DAY WE HAVE SEEN SOME GOOD SELLING IN THE MARKETS WITH HIGH VOLUMES IN THE LAST HOUR OF TRADE WHICH HAS BUILT SOME PANIC AND CAUTION IN THE INVESTORS MIND. I WOULD SUGGEST YOU TO HEDGE YOUR POSITIONS. TODAY NIFTY MAY TEST RESISTANCE AT 4435 AND MAY COME DOWN IF IT DOESNT SUSTAIN THAT LEVEL FOR SOMETIME BUT IF IT TRADES ABOVE 4435 IN GOOD VOLUMES THEN THE NEXT LEVEL WE CAN SEE NIFTY IS AT 4482 AND ON THE DOWN SIDE IF TRADES BELOW 4380 THEN WE CAN SEE NIFTY TO REACH 4342 AND IF TRADES BELOW THIS LEVEL THEN WE CAN SEE NIFTY AT 4292.

BUY BAJAJHIND ABOVE 230 SL 224.9 TGT 238/244
BUY AXIS BANK ABOVE 865 SL 849 TGT 880/890/900
BUY NTPC 198 SL 196.70 TGT 201.60/205.25**
BUY RELIANCE ABOVE 2085 SL 2074 TGT 2100/2115/2224
BUY DLF ABOVE 335 SL 329 TGT 344/355
BUY CHAMBAL FERTILIZERS 67.40 SL 66.25 TGT 69/73/77/80**
SELL ICICI BANK BELOW 750 SL 757 TGT 736/724
SELL SUZLON BELOW 117 SL 119.25 TGT 114/111/109.20
ONE CAN HOLD IDFC,CHAMBAL,POWER GRID,NTPC AS RECOMMENDED

INTRADAY TIPS FOR 29 JUNE 2009

GOOD MORNING!!!

WE HAVE NOTICED A SPECTACULAR RALLY ON THE SPECULATORS, AS THEY TOOK FRESH POSITIONS BETTING ON THE NEW ECONOMIC REFORMS IN THE UNION BUDGET. GLOBAL CUES ALSO LIFTED SENTIMENT OF THE MARKETS. A GAIN OF 420 POINTS IN THE SENSEX LAST DAY WAS EXCEPTIONALLY HIGH ON THE OPENING DAY OF THE NEW CONTRACT, THE MAJOR TRIGGERS IN THE MARKET WERE CAPITAL GOODS AND BANKING. WITH THE REDUCTION IN THE LOT SIZES EVERY INVESTOR HAD CHANCE TO PLAY THERE BY TAKING THE MARKET MUCH MORE HIGHER WITH VOLUMES FROM RETAIL INVESTORS, LOWER LOT SIZES IN DERIVATIVE CONTRACT HAS MADE THE CONRACTS AFFORDABLE TO EVEN SMALL TRADERS. THE ONLY DAMPENING NEWS ON CARDS IS WEAK MANSOON COULD HIT RURAL DEMAND FOR CONSUMER GOODS. MANSOON RAINS, WHICH RUN FROM JUNE TO SEPTEMBER, HAVE WEAKENED AND ARE EXPECTED TO BE BELOW NORMAL WHICH IS A VERY BAD NEWS FOR THE MARKET ON THE MACRO ECONOMIC FRONT.

TODAY MARKETS WOULD BE POSITIVE, NIFTY IS TRADING ON THE VERY POSITIVE ZONE AND ALMOST ALL THE STOCKS IN THE NIFTY HAVE SHOWN A POSITIVE TRIGGER, TODAY NIFTY IF TRADES ABOVE 4400 THEN WE CAN SEE NIFTY AT 4448 AND IF NIFTY TRADES ABOVE 4450 FOR SOMETIME THEN WE CAN SEE NIFTY TO FACE STRONG RESISTANCE AT 4499 AND ON THE DOWN SIDE NIFTY IF TRADES BELOW 4343 THEN WE CAN SEE SOME SUPPORT AT 4312 AND IF IT BREACHES AND TRADES THEN IT MAY GO TO 4268 BUT CHANCES ARE REMOTE. AS NIFTY IS EXPECTED TO MOVE FURTHER UPSIDE TO 4800 LEVELS WITH SOME POSITIVE NEWS ON CARDS ON BUDGET NEWS. WE EXPECT CAPITAL GOODS, POWER, FERTILIZERS AND INFRASTRUCTURE STOCKS LIKELY TO SHOW SOME SURGE IN THE MARKETS ON BUDGET NEWS. ONE CAN TAKE POSITIONS ON NIFTY CALLS BY HEDGING WITH 1:3 (BUY 3 LOTS OF CALLS AND HEDGE WITH ONE LOT OF PUTS).

BUY IDFC ABOVE 137 SL 135.5 TGT 139/141/144

BUY HDFC ABOVE 2440 SL 2419 TGT 2464/2487

BUY HEROHONDA ABOVE 1418 SL 1402 TGT 1440/1449/1484

BUY IBREALEST ABOVE 217 SL 214 TGT 221/225/229

BUY KOTAK ABOVE 648 SL 641 TGT 671/688.

ONE CAN TAKE POSITIONS ON BHEL, LT, CHAMBAL. IDFC, POWER GRID** AND NTPC.

INTRADAY TIPS FOR 26 JUNE 2009

GOOD MORNING!!!

INDICES TURNED HIGHLY VOLATILE IN THE AFTERNOON SESSION AFTER A SEE SAW MOVEMENT BEFORE AFTERNOON SESSION AND COULD NOT REGAIN STRENGTH AT ANYPOINT OF THE DAY IN THE SECOND HALF OF THE TRADING, WE HAVE SEEN SOME SELL OFF EVEN IN YESTERDAYS TRADE. IN THE LAST WEEK FII'S WERE THE MAJOR SELLERS IN THE MARKET. INFLATION BASED ON THE WHOLESALE PRICE INDEX REMAINED IN THE NEGATIVE ZONE FOR THE SECOND WEEK IN A ROW. INFATION BASED ON THE WHOLESALE PRICE INDEX DECLINED 1.14% IN THE YEAR THROUGH 13 JUNE 2009 GOVERNMENT DATA RELEASED LAST DAY SHOWED. THE DECLINE WAS, SMALLER THAN A 1.61% FALL IN THE YEAR THROUGH 6 JUNE 2009. INFLATION HAD DIPPED TO NEGATIVE IN EARLY JUNE 2009 FOR THE FIRST TIME SINCE 1977-78. NIFTY ROLLOVER FROM JUNE TO JULY SERIES STOOD AT 41% WHILE STOCK FUTURES ROLLOVER OF POSIITONS WAS 52%.

MARKETS TODAY AFTER THE SETTLEMENT OF THE JUNE CONTRACT MAY OPEN FIRM AS GLOBAL CUES ARE POSITIVE, THOUGH MARKETS STRUCTURALLY LOOKS POSITVE, SENTIMENT REMAINS NEGATIVE IN TERMS OF TECHNICALS UNLESS AND UNTILL MARKET CROSSES 4320 ONE CANNOT AFFORD TO BE IN BUY BASED ON GLOBAL NEWS. TODAY IF NIFTY TRADES ABOVE 4320 WE CAN EXPECTED MARKET TO REMAIN IN POSITIVE ZONE AND IF IT CLOSES ABOVE THEN ONE CAN TAKE POSTIONS TO SEE HIGHER HIGH IN THE MARKET, WE CAN SEE NIFTY TO BREACH RECENT HIGHS. IF NIFTY TRADES ABOVE 4270 WE CAN SEE NIFTY TO FACE RESISTANCE AT 4320 AND IF IT HAPPENS TO BREAK AND TRADE ABOVE IT THEN WE CAN SEE NIFTY TO GO UPTO 4350. ON THE DOWN SIDE IF NIFTY BREAKS 4215 THEN NIFTY WILL FACE SUPPORT AT 4175 AND IF NIFTY BREACHES 4175 THEN WE CAN SEE FURTHER DOWNSIDE IN THE NIFTY AND CLOSE BELOW 4175 WE CAN SEE NIFTY AT 4050. TODAY PHARMA STOCKS ARE GOOD FOR TRADING.

FEW SCRIPS ONE HAS TO TAKE POSITIONS FOR TWO WEEKS TO MINT AND PRINT MONEY ARE BHEL, LT, GVKPIL, JAIN IRRIGATION, RECL, NTPC, PTC, CHAMBAL FERTILIZERS AND IDFC. I WOULD ADVICE YOU TO BUY FERTILIZER STOCKS, POWER STOCKS AND INFRASTRUCTURE STOCKS FOR GOOD GAINS.

BUY BIOCON ABOVE 228 SL 219 TGT 238/244/248

BUY SUZLON ABOVE 119 SL 117 TGT 124/127.50

BUY INDIAINFO ABOVE 122 SL 119 TGT 126/129/133

BUY HINDALCO ABOVE 86 SL 84 TGT 88/93/SHORT TERM (106)

SELL BPCL BELOW 416 SL 419.4 TGT 409/406

INTRADAY TIPS FOR 25 JUNE 2009

GOOD MORNING!!!!

YESTERDAY MARKETS WERE VOLATILE AS TRADERS ROLLED OVER POSITIONS FROM JUNE TO JULY SERIES AHEAD OF THE EXPIRY OF JUNE CONTRACTS. NIFTY FUTURES WAS 29.19% AS AT END OF TUESDAY'S TRADE. THE ROLLOVER WAS 34.47% IN MINI NIFTY FUTURES, KEY BENCHMARK INDICIES HAVE CUT LOSSES AFTER HITTING FRESH INTRADAY LOW IN THE AFTERNOON. SECTORS LIKE FMCG, BANKING, IT STOCKS FELL AND CAPITAL GOODS WERE STRONG. WE COULD SEE THAT THE SENTIMENT ON THE BOTTOM LINE IS STILL INTACT AND STRUCTURALLY INDICES LOOKS STRONG ABOVE 4200 AND GETS STRONGER ONLY ABOVE 4340 IF THIS LEVEL IS CROSSES ITS A CLEAR INDICATION OF GOING FOR LONGS. THE NEXT MAJOR TRIGGER FOR THE MARKET IS UNION BUDGET. MANY ANALYSTS HAVE RAISED EARNING FORCASTS OF INDIA INC ON HOPES THAT THE NEW GOVERNMENT WILL PRIVIDE THRUST ON THE INFRASTRUCTURE SECTORE AND PUSH THE ECONOMIC REFORMS TO BOOST GROWTH.

TODAY MARKETS WOULD BE HIGHLY VOLATILE AS THERE IS EXPIRY OF JUNE CONTRACT. THERE WOULD BE STOCK SPECIFIC MOVEMENTS IF NIFTY BREACHES 4340 AND TRADES THEN WE CAN SEE NIFTY TO FACE RESISTANCE AT 4400 LEVELS AND ON THE DOWN SIDE IF NIFTY TRADES BELOW 4284 THEN WE CAN SEE NIFTY TO FACE SUPPORT AT 4220 AND THEN AT 4170.

BUY JINDAL STELL ABOVE 2360 SL 2339 TGT 2393/2430
BUY APTECH ABOVE 166 SL 161.90 TGT 171/178/182
BUY ACC ABOVE 765 SL 754 TGT 778/784/792
BUY STER ABOVE 574 SL 564 TGT 584/600
SELL SUNPHARMA BELOW 1360 SL 1375 TGT 1330/1315/1300
SELL HDFC BELOW 2315 SL 2331 TGT 2296/2285/2271

TIPS FOR 24 JUNE 2009

GOOD MORNING!!!
KEY BENCHMARK INDICES, SENSEX AND NIFTY CLOSED FLAT WITH MARGINAL LOSS AND GAIN. SENSEX GAINED ALMOST 310 POINTS FROM DAY LOW AND CLOSED 70 POINTS FROM DAY HIGH. INDEX HEAVY WEIGHTS RELIANCE INDUSTRIES AND ONGC GAINED IN THE LAST DAY THERE WAS SHORT RECOVERY SEEN IN RELIANCE AND ONGC COUNTERS. MARKET BREADTH WAS VERY NEGATIVE INITIALLY WITH THE INITIAL SELL OFF IN THE OPENING WITH WEAK GLOBAL CUES AND LATER REGAINED THE STRENGTH SLOWLY AND THERE BY CONVERTING INTO A POSITIVE MOMENTUM IN THE TRADE. THE VOLATALITY IN THE TRADE WAS VERY HIGH AHEAD OF EXPIRY.
FEW MAJOR REASONS TO LOOK AT THE MARKETS BOTH ON THE NEGATIVE AND POSITIVE SIDE ARE:
NEGATIVE SIDE:
1. FII'S SELL OFF HAS WEAKENED THE SENTIMENT OF INVESTORS.
2. GLOBAL CUES, WE HAVE SEEN AFTER ABOUT 2 MONTHS WALL STREET HAS SUFFERED WORST HIT BY LOOSING 200 POINTS IN A SINGLE DAY ON FRIDAY.
3. CONSUMER PRICE INFLATION HAS DAMPENED THE SENTIMENT OF INVESTORS TOO.
4. WEAK INITIAL PHASE MANSOON HAS GEARED UP THE FEARS OF FALL IN AGRICULTURAL PRODUCTION AND A SURGE IN ESSENTIAL COMMODITY PRICES WHICH MAY SPUR INFLATION, THIS MAY LEAVE AN IMPACT ON THE LIKELY RECOVERY OF OUR ECONOMY.
ON THE POSITIVE SIDE:
1. WORLD BANK HAS RAISED INDIA'S GROWTH FORECAST FOR 2009 TO 5.1% FROM EARLIER PROJECTION OF 4% AND 8% IN 2010 WHICH WILL MAKE IT THE FASTEST GROWING ECONOMIES IN THE WORLD IN 2010, SURPASSING THE CHINA'S EXPECTED 7.7% GROWTH.
2. THE MAJOR TRIGGER IN THE INDIAN MARKETS ARE BUDGETS, THIS MAY HAVE A VERY CLEAR IMPACT ON THE MARKETS.

IN TODAYS TRADE WE EXPECT NIFTY TO REMAIN HIGHLY VOLATILE AND RANGE BOUND, WE STILL HAVE BEARISH VIEW ON NIFTY UNTILL IT CROSSES 4320, ONE CAN TAKE POSITIONS ONLY IF IT BREACHES THIS LEVEL AND CLOSES UNTILL THEN ONE IS ADVICED TO STAY SHORT. IF NIFTY TRADES ABOVE 4280 THEN WE CAN SEE STRONG RESISTANCE AT 4320 AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 4220 THEN WE SEE NEXT MAJOR SUPPORT AT 4180 ONCE NIFTY BREAKS 4160 THEN WE CAN SEE MORE DOWNFALL IN THE MARKETS AND EVEN LEAD TO 4100-3950. METALS BANKING LOOK WEAK, SHIPPING & PSU'S LOOKS STRONG. ONE CAN KEEP ACCUMULATING STOCKS LIKE NTPC, IDFC AND BHEL AT LOWER LEVELS FOR MINTING MONEY ON POST BUDGET SESSION.

BUY ONGC ABOVE 1025 SL 1014 TGT 1039/1052
BUY IDFC 136 SL 132 TGT 142/144
BUY ESSAR OIL ABOVE 164 SL 160.4 TGT 170/172
SELL NALCO BELOW 315 SL 321 TGT 308/304
SELL HDFC BANK BELOW 1485 SL 1501 TGT 1461/1452/1440

INTRADAY TIPS FOR 23 JUNE 2009

GOOD MORNING!!!

MARKETS HAVE CONTINUED LAST WEEKS FALLING STREAK WITH MAJOR HEAVY WEIGHTS LOOSING. WITH WEAK EUROPEAN STOCKS AND LOWER US INDEX FUTURES ON MONDAY LED THE MARKET TO THE DOWNFALL. THERE WAS ONLY STOCK SPECIFIC BUYING IN SELECTED SCRIPS OUTSIDE THE INDICES. SENSEX FELL 340 POINTS FROM DAY HIGH AND CLOSE TO 60 POINTS FROM DAYS LOW. THE MAJOR DECLINE WAS LED BY SECTORS LIKE OIL AND GAS, METALS, IT, REALITY AND AUTO STOCKS. MARKET OPENED IN POSITIVE NOTE WITH THE STRONG CLOSING OF PREVIOUS DAY (FRIDAY) BUT COULDNT SUSTAIN IT ANY LONGER, FRIDAYS GAINS IN THE LAST HOUR WAS PURELY BASED ON NEWS AND MANY COUNTERS YESTERDAY YET AGAIN STARTED TO JOIN THE LAST WEEKS DOWNSIDE RALLY. NOW THIS DOWNFALL IS BEING SUPPORTED BY MANY EXTERNAL FACTORS WHICH MAY MAKE OUR MARKETS MUCH MORE WEAKER LIKE GLOBAL CUES, NEWS ON STT CUT IS UNLIKELY IN THIS BUDGET, FII SELL OFF, DII SELL OFF AND BAD NEWS POURING FOR RELIANCE. MARKETS AT THIS JUNCTURE LOOKS WEAK EXCEPT FOR BANKING STOCKS IF WE WITNESS ANOTHER 150 POINTS DOWNSIDE RALLY FROM HERE ON THEN YOU CAN SEE BANKING STOCKS WILL ALSO BLEED THERE BY WEAKEN THE INDICES FURTHER. I WOULD LIKE TO CAUTION ALL THE INVESTORS AND TRADERS TO STAY AWAY FROM LONGS TILL 30 JUNE 2009 OR BELOW 4375.

FOR TODAY MARKET WOULD OPEN IN RED WITH VOLATALITY IMMENSE AHEAD OF EXPIRY. NIFTY MIGHT TAKE STRONG SUPPORT AT 4150 AND THEN IF IT TRADES BELOW FOR SOMETIME THEN WE CAN SEE NIFTY TO BREAK BELOW 4100 TODAY ITSELF IN THE DAYS TO COME WE CAN SEE NIFTY AT 4069 AND 3945 LEVELS. ON THE UPSIDE NIFTY MAY GO UP TO THE MAXIMUM OF 4288 IF IT BREACHES THEN NIFTY HAS RESISTANCE AT 4375 AND IF NIFTY CLOSES ABOVE 4375 (CHANCES ARE REMOTE) ONE CAN INITIATE LONGS TILL THEN IT IS WISE TO BE AWAY THAN GETTING STRUCK.

BUY MARUTI ONLY ABOVE 1065 SL 1056 TGT 1081/1092
SELL DLF BELOW 321 SL 326 TGT 316/307.8
SELL RELIANCE CAPITAL BELOW 890 SL 901 TGT 865/837
SELL TATAPOWER 1100 SL 1110 TGT 991/986/971
SELL RANBAXY BELOW 270 SL 275 TGT 262/257/251

INTRADAY TIPS FOR 22 JUNE 2009

GOOD MORNING!!!

MARKETS ON FRIDAY WERE REALLY VERY VIOLENT AND VOLATALITY WAS IMMESE, THE MARKET BREADTH WAS NEGTIVE ALMOST FOR THE ENTIRE DAY THOUGH MARKETS OPENED POSITIVE INITIALLY COULD NOT SUSTAIN AND WAS IN RED FOR ALMOST ENTIRE DAY AND MARKET RECOVERED AND TURNED POSITVE IN JUST A MATTER OF 5 MIN OF TRADE AND TURNED VERY BULLISH WITH A SERIES OF MEASURES BY THE MARKET REGULATORS TO ATTRACT INVESTORS AND BOOST CONFIDENCE IN THE STOCK MARKET THIS NEWS IN THE MARKET HAS LED THE INDEX TO A VERY POSITIVE ZONE FOR THE CLOSING. AFTER A VERY POSITIVE MOVE OF 14 WEEKS IN THE INDIAN MAREKTS, MARKETS HAVE LOST 716 POINTS IN SENSEX AND 269.80 POINTS IN NIFTY FOR THE FIRST TIME AT THE WEEK END. ON THE LAST TRADING DAY WE HAVE SEEN INDEX HEAVY WEIGHTS LIKE RELIANCE INDUSTRIES, LT, BHEL AND DLF HAVE MOVED QUITE A LOT ON THE POSTIVE NEWS IN THE MARKET BY MARKET REGULATORS. RELIANCE INDUSTRIES AFTER A CONTINUAL DOWNSIDE RALLY FOR ABOUT 4 DAYS HAS RECOVERED WITH HUGE VOLUMES. SECTORS LIKE METALS, CAPITAL GOODS AND REALITY STOCKS HAVE SURGED LEAVING A POSITIVE IMPACT IN THE MARKET IN THE LAST 45 MINUTES OF TRADE AND HAS CHANGED THE COMPLETE VIEW OF MARKET TO A POSITIVE MOOD FROM A VERY NEGATIVE VIEW.

MARKETS REMAIN HIGHLY VOLATILE WITH SOME SHORT COVERINGS TO TAKE PLACE IN EARLY TRADE WE CAN SEE NIFTY HIGHLY VOLATILE FOR THIS ENTIRE WEEK AS THERE IS SETLEMENT AND WE EXPECT NIFTY TO RANGE ALMOST 100 POINTS SWING EVERYDAY FOR THIS WEEK AHEAD OF EXPIRY AND EXCLUSION OF 50 STOCKS FROM FUTURES AND OPTIONS. TODAY WE SEE ON THE POSITIVE SIDE NIFTY IF TRADES ABOVE 4364 THEN WE CAN SEE NIFTY TO FACE RESISTANCE AT 4448 AND ON THE LOWER SIDE IF NIFTY BREACHES 4300 THEN WE SEE NIFTY TO IMMEDIATELY TOUCH 4215 LEVELS AND THEN TO 4146. WE WOULD ADVICE YOU TO STAY CATIOUS IN THE MARKET AS ONE CANNOT RULE OUT SOME MORE CORRECTION IN THE MARKET, TRADE WITH STRICT STOPLOSS AND AVOID HOLDING ANY STOCKS BELOW 4350 LEVELS.

BUY BHARTI ABOVE 804 SL 794 TGT 819/827
BUY BIOCON ABOVE 207 SL 201.40 TGT 222/228
BUY DLF ABOVE 330 SL 323.90 TGT 340/356/370
BUY SUZLON ABOVE 112 SL 108.80 TGT 117/121/127
BUY LT ABOVE 1495 SL 1479 TGT 1550/1596
BUY BHEL ABOVE 2095 SL 2069 TGT 2133/2170/2210

INTRADAY TIPS FOR 19 JUNE 2009

GOOD MORNING!!!

MARKETS IN THE LAST TWO TRADING SESSIONS LOST ALMOST 692.38 POINTS THAT IS ALMOST 4.62% MARKET INDICES EXTENDED LOSSES FOR THE CONSICUTIVE DAYS AS INVESTORS TOOK PROFITS OF RECENT SURGE IN THE SHARE PRICES, AND FII HAVE ADDED FUEL TO THE FIRE BY SELLING IN HUGE VOLUMES, THIS HAS MADE MARKET SENTIMENT MUCH MORE BEARISH, IN TOTALITY BEARS HAVE COMPLETELY CAPITAVATED ON THE MARKETS AND DIDNT ALLOW ANY KIND OF RECOVERY IN THE WEEK. THIS FALL WAS SUPPORTED BY REALITY, METALS AND CAPITAL GOODS THESE WERE THE THREE SECTORS WHICH HAVE LOST MUCH IN THE MARKET AND BANKING WAS KEY SECTOR WHICH HELD TIGHTLY. LAST TRADING SESSION INITIALLY MARKETS WERE HOVERING IN POSITVE AND NEGATIVE ZONES QUITE FOR SOMETIME BUT LATER IT TURNED INTO RED WITH BIG BANG. MARKETS HAVE TESTED CRUCIAL SUPPORT LEVELS AND PULLED BACK FROM THAT POINT IF MARKETS SUSTAIN THIS LEVEL WHICH WAS TESTED YESTERDAY THEN WE MAY SEE NIFTY TO MOVE UPWARDS TO 4700 LEVELS BEFORE OUR BUDGET AND IF THE LOW BREACHES AND TRADES BELOW THAT AND HAPPENS TO CLOSE TODAY THEN WE MAY SEE MORE PAIN TO COME IN THE NEXT FEW SESSIONS AND LIKELY TO TAKE MARKET AROUND 4000 LEVELS.

TODAY MARKET MAY OPEN POSITIVE BUT WOULD BE VERY RANGE BOUND BUT THE SENTIMENT REMAINS WEAK IN THE MARKET. LEVELS ONE HAS TO WATCH IN NIFTY ARE IFN IFTY TRADES BELOW 4240 THEN WE CAN SEE NIFTY AROUND 4200 THEN AT 4170 AND IF NIFTY TRADES ABOVE 4300 THEN WE CAN EXPECT NIFTY TO FACE RESISTANCE AT 4340 CHANCES ON THE UPSIDE SEEMS TO BE REMOTE.

BUY TATA TELESERVICES ABOVE 37 SL 36.25 TGT 38.45/39.60
BUY DISTV ABOVE 39 SL 38.75 TGT 41.50/43.90
SELL ACC BELOW 757 SL 771 TGT 741/736/731
SELL RELIANCEINFRA BELOW 1200 SL 1206 TGT 1185/1177/1171

INTRADAY TIPS FOR 18 JUNE 2009

GOOD MORNING!!!!

THE MARKET WAS VOLATILE AS EXPECTED WITH AN EARLY SLIDE TRIGGERED BY WEAK GLOBAL CUES, THE MARKET CUT LOSSES IN THE MORNING TRADE WITH LITTLE RECOVERY ON THE CHINEESE MARKETS AND THERE AFTER COULD NOT SUSTAIN IT LONGER, MARKET BREADTH TURNED VERY NEGATIVE IN THE AFTERNOON SESSION IN CONTRAST TO A POSITIVE BREADTH EARLIER IN THE DAY. SELLING BY FORIEGN FUNDS IN THE LAST THREE DAYS AFTER THE RECENT AGGRESSIVE BUYING ALSO DAMPENDED SENTIMENT OF THE MARKET. WE EXPECT MARKET TO SLIDE FURTHER ON THE WEAK GLOBAL CUES AND THE SENTIMENT.

MARKETS TODAY WOULD BE NEGATIVELY BIASED AND THE OPENING IS EXPECTED TO BE WEAK. IF NIFTY TRADES BELOW 4350 WILL DIRECTLY TAKE IT TO 4300 AND THEN 4280 IF NIFTY TRADES BELOW 4300 FOR SOMETIME THEN WE CAN EXPECT MUCH MORE PAIN THAN WHAT IS EXPECTED IN THE MARKET IT CAN GO TO 4220 LEVELS EVEN IN TODAYS TRADE. AND ON THE UPPER SIDE THERE ARE VERY REMOTE CHANCES BUT IF NIFTY TRADES ABOVE 4350 LEVELS THEN WE CAN SEE LITTLE BOUNCE IN THE FORM OF RETRACEMENT AND TO THE MAXIMUM NIFTY MAY GO TO 4400.

SELL LT BELOW 1472 SL 1486 TGT 1446/1438/1426
SELL ONGC BELOW 1062 SL 1071 TGT 1040/1031
SELL HDIL BELOW 240 SL 246 TGT 231/225/216
SELL TATA STELL BELOW 422 SL 431 TGT 408/401/396
SELL RELIANCE CAPITAL BELOW 925 SL 944 TGT 901/886/865
SELL CENTURY TEXTILS BELOW 400 SL 411 TGT 386/374/366.

INTRADAY TIPS FOR 17 JUNE 2009

GOOD MORNING!!!!

AS EXPECTED MARKET WAS VOLATILE AND RECOVERY ON THE BOURSES BEGAN SOON AFTER A WEAK OPENING TRIGGERED BY A SETBACK IN GLOBAL EQUITIES. MARKETS MOVED INTO GREEN FROM RED FOR A BRIEF PERIOD IN THE MORNING ON THE NEWS THAT MOST COMPANIES IN THE LIST OF TOP TAX PAYERS FROM MUMBAI HAVE PAID HIGHER ADVANCE TAX FOR THE APRIL-JUNE 2009. BANKING STOCKS RECOVERED BECAUSE OF TWO REASONS ONE WAS GOLDMAN, SACHS & CO. RAISED ITS RATING ON SOME STATE RUN BANKS CITING A LIKELY REBOUND IN INDIAS ECONOMY AND THE FINANCIAL SERVICES INDUSTRY AND THE SECOND REASON WAS IN THE ADVANCE TAX PAYMENTS FOR THE FIRST QUARTER OF THE FINANCIAL YEAR STATE BANK OF INDIA BEING THE HIGHEST TAXPAYER DURING THE QUARTER WITH 61.09% JUMP TO 1068 CRORES, HDFC BANK HAS PAID 16.28% HIGHER ADVANCE TAX TO 250 CRORES AND EVEN SMALL BANKS SUCH AS INDUSIND BANK HAS PAID 122% HIGHER THEN PREVIOUS WITH 20 CRORE, DENA BANK AND YES BANK FOLLOWED THE TREND WITH INCREASE OF 75% AND 42% WITH INCREASE OF 35 AND 27 CRORES RESPECTIVELY.

MARKETS TODAY WILL BE VOLATILE AND WE CAN EXPECT SOME WEAK OPENING INITIALLY BUT WE EXPECT SOME RECOVERY AFTER A DIP IN THE MARKET BUT BE CAUTIOUS IN BUYING WHILE RECOVERY, BUY ONLY THE STRONG STOCKS WITH STRICT STOPLOSS. TODAY IF NIFTY CROSSES 4550 THEN WE CAN SEE NIFTY'S RESISTANCE AT 4615 LEVLES AND ON THE DOWNSIDE IF NIFTY BREACHES 4500 LEVELS AND TRADES BELOW THAT THEN WE CAN SEE NIFTY SUPPORT AT 4430. IF NIFTY CLOSES ABOVE 4620 THEN WE CAN SEE SOME MORE UPSIDE FROM HERE, INVESTORS ARE ADVISED NOT TO HOLD ANY SHORT ABOVE 4620. KEEP AN EYE ON PSU'S, POWER AND FERTILIZERS THESE MAY OUTPERFORM IN COMING DAYS.

BUY RELIANCE CAPITAL ONLY ABOVE 996 SL 977 TGT 1016/1028/1041
BUY INDUSINDBANK ONLY ABOVE 82.50 SL 79.90 TGT 87/89/92
BUY M&M ONLY ABOVE 777.50 SL 764 TGT 795/818
BUY RELIANCE INFRA ABOVE 1267 SL 1254 TGT 1285/1298
BUY SBI ABOVE 1714 SL 1698 TGT 1748/1763

INTRADAY TIPS FOR 16 JUNE 2009

GOOD MORNING!!!!!!!
THE KEY INDICES FELL FOR THE THIRD STRAIGHT DAY AS INVESTORS CAPITALISED IN ON GAINS AFTER A RECENT SOLID SURGE IN THE STOCK PRICES, WEAK GLOBAL MARKETS TRIGGERED PROFIT BOOKING. INDEX HEAVY WEIGHT RELIANCE INDUSTRIES TUMBLED FOLLOWING AN UNFAVOURABLE COURT RULING ON GAS SALES, IT HAS SLIPPED MORE THAN 7.5% AFTER THE COURT DIRECTED RIL AND RNRL TO SIGN GAS DEAL. AT THE SAME POINT OF TIME RNRL SURGED LIKE A ROCKET BY GAINING 26%. INDICES HAVE BREACHED THE PSYCHOLOGICAL MARKS WITH SENSEX SLIPPING BELOW 15000 AND NIFTY BELOW 4500 MARK. THOUGH MARKETS HAVE GIVEN UP BY ALMOST 100 POINTS IN NIFTY BANKING SECTOR REMAINED VERY STRONG AND REMAINED IN THE POSITIVE ZONE.

TODAY WE CAN EXPECT MARKETS TO BE HIGHLY VOLATILE WITH NEGATIVELY BIASED. NIFTY HAS BREACHED THE MAJOR SUPPORT, ONE CAN STAY SHORT WITH STOPLOSS AS 4665. IF NIFTY BREACHES BELOW 4488 THEN WILL LEAD TO 4440-4392, THERE AFTER IT HAS SUPPORT AT 4353. ON THE UPSIDE NIFTY IF SURGES ABOVE 4545 THEN MAY LEAD TO 4588-4620. TODAY METALS STOCKS LIKE STER, TATASTEEL,HINDALCO, SAIL ETC LOOKS WEEK. MARKETS WILL OPEN IN NEGATIVE BUT THERE IS EVERY POSSIBILITY THAT IT MAY PULL BACK BE CAUTIOUS.

BUY UNITECH ONLY ABOVE 87.6 SL 86.1 TGT 90.75/92.40
BUY AXIS BANK ONLY ABOVE 716 SL 704 TGT 730/739/744
BUY RNRL ABOVE 108.50 SL 104.90 TGT 115/120
SELL RELIANCE BELOW 2180 SL 2197 TGT 2150/2110/2080
SELL TATASTEEL BELOW 435 SL 443.1 TGT 424/416/410
SELL STER BELOW 669 SL 676 TGT 654/636/616
SELL DLF BELOW 355 SL 361 TGT 344/335/324

INTRADAY TIPS FOR 15 JUNE 2009

GOOD MORNING!!!!

LAST TRADING SESSION WAS HIGHLY VOLATILE WITH KEY BENCHMARK INDICES CLOSING IN THE A LOOSING NOTE. STOCKS FROM SECTORS LIKE BANKING, REALITY AND AUTO WERE ON DECLINING FRONT THOUGH THE IMPROVED IIP NUMBERS COULDNT HELP THE MARKET TO SUSTAIN THE STRONG POSITIVE OPENING BREADTH OF THE DAY. MARKET ARE ON THE DECLINING FRONT BUT THE CORE TREND OF THE MARKET STILL REMAINS BULLISH. GLOBALLY THERE IS CONCERN ON THE BASE METAL PRICES WHICH HAVE GAINED ALMOST 10 TO 15% IN THE LAST ONE WEEK WHICH IS A CONCERN FOR MANUFACTURING INDUSTRY. MARKETS ARE SLOWLY ENTERING INTO A PHASE WHERE THERE WILL BE MORE BEARISHNESS TO COME. RELIANCE AND RNRL WILL BE VERY VOLATILE IN TODAYS TRADING SESSION AHEAD OF VERDICT ON GAS SHARING SO TRADE WITH STRICT STOPLOSS.

ONE HAS TO BE VERY CAUTIOUS IN TODAYS TRADING AS THE MARKETS ARE VERY NEAR TO THE SUPPORT LEVELS, IF NIFTY IN TODAYS TRADE BREAKS BELOW 4580 ONE CAN REMAIN IN SHORT WITH STOPLOSS AS 4650 ON A POSITIONAL BASIS. MARKETS WILL BE HIGHLY VOLATILE WITH NEGATIVE BIAS NIFTY ONCE BREACHES 4580 IT WILL REACH IMMEDIATELY TO 4530 THEN THE NEXT TARGET ON THE DOWN SIDE WOULD BE 4500 AND 4440. THERE ARE VERY LITTLE CHANCES OF UPMOVE BUT BULLS CAN CHARGE THE MARKET ONLY IF NIFTY CROSSES 4635 THEN THE TARGET WOULD BE 4677.

BUY TATA ELXSI LTD 149.15 SL 144 TGT 160/180/225 (CAN HOLD POSITIONALLY)
BUY STER ABOVE 720 SL 709 TGT 738/746

SELL SBI BELOW 1635 SL 1651 TGT 1610/1590

SELL DLF FUTRES BELOW 370 SL 376 TGT 356/344

POSITIONAL CALLS (IF YOU GET 15%-20% IN WEEK THEN PLEASE EXIT)
BUY NU TEK INDIA LTD 52.85 TGT 67
BUY BINANI CEMENT 56.20 TGT 71
BUY ANSAL PROPERTIES 63 TGT 79
BUY SYNDICATE 72.55 TGT 91
BUY IDEA CELLULAR 83.35 TGT 105

INTRADAY TIPS FOR 12 JUNE 2009

GOOD MORNING!!!

MARKETS ARE AT A STAGE OF NOT GIVING UP, ONE HAS TO LOOK AT MARKET VERY CAREFULLY AS THERE IS ONLY 100 TO 150 POINTS ON THE UPPER SIDE AND MUCH ON THE BOTTOM SIDE. TODAY ALL EYES WOULD BE ON THE IIP NUMBERS, IN TODAYS TRADE IIP NUMBERS WILL MATTER A LOT. IF IIP NUMBERS ARE SLIGHTLY NEGATIVE THEN IT IS A POSITIVE SIGN FOR THE MARKETS BUT IF THEY ARE NEGATIVE MORE THAN 1% THEN MARKET MAY REACT NEGATIVELY.

MARKETS TODAY MAY OPEN POSITIVE AND WOULD REMAIN TO BE POSITIVELY BIASED TILL THE IIP NUMBERS ARE DECLARED WITH HIGH VOLATALITY AND WOULD CONTINUE EVEN IF IIP NUMBERS ARE SLIGHTLY NEGATIVE BUT IF IIP NUMBERS ARE NEGATIVE THAN THE PREVIOUS OR NEGATIVE THAN EXPECTED IIP NUMBERS THEN MARKET IN NO CASE CAN BE POSITIVE AND FROM HERE WE CAN SEE SHARP DOWNSIDE AND CORRECTION THERE ON. IF NIFTY CROSSES 4670 AND TRADES THEN WE CAN SEE NIFTY AT 4713-4763 AND IF NIFTY BREACHES 4596 AND TRADES THEN WE CAN SEE NIFTY 4530-4504-4478.

BUY HDFC BANK ABOVE 1560 SL 1544 TGT 1610
BUY CHAMBAL ABOVE 71.75 SL 70.90 TGT 72.90/74
BUY ABAN FUT ABOVE 1035 SL 1009 TGT 1090/1120/1150**
BUY BAJAJ HINDUSTAN ABOVE 217 SL 215.35 TGT 224/230

SELL BPCL BELOW 429 SL 434 TGT 420/413

SELL ONGC BELOW 1118 SL 1131 TGT 1098/1076

FERTILIZERS AND SUGARS LOOKS BULLISH

INTRADAY TIPS FOR 11 JUNE 2009

GOOD MORNING!!!

MARKETS ARE AT A STAGE WHERE THERE IS NO TURN BACK. BUT REMEMBER ONE THING IN THE MARKET WHEN EVERYONE IS IN BUYING MODE JUST TRY TO AVOID BUYING AND WHEN EVERYONE IS IN SELLING MODE TRY TO MAKE USE OF THE CHANCE TO BUY IT, THERE IS A GOLDEN RULE BUY WHEN EVERYONE SELLS AND SELL WHEN EVERYONE BUYS. EVEN IF YOU FEEL AT THIS STAGE IT IS WISE TO INVEST THEN INVEST IN VERY SMALL QUANTITIES BECAUSE IF MARKET FALLS IT WILL FALL WITH VENGENCE WHERE YOU WILL NOT BE ABLE TO EVEN SELL THEM, PLAY CAUTIOUSLY. MARKET IS MOVING AS EXPECTED AND ON THE CHARTS TECHNICALLY THEY ARE VERY BULLISH WITH ALL THE OSCILLATORS AT THEIR PEAKS CHANCES OF REVERTING WILL BE VERY FAST SO BE VERY VERY CAREFUL IN BUYING ANY STOCK AND HOLDING IT.

TODAY IF NIFTY CROSSES 4688 AND TRADES THEN NIFTY WILL MOVE TO 4720-4780 AND IF NIFTY BREACHES 4624 THEN NIFTY WILL COME DOWN TO 4580-4530 IN TODAY'S TRADE. JUST STAY CAUTIOUS IN MARKETS WITH STRICT STOPLOSS.

BUY CAIRN FUTURES ABOVE 258 SL 254.90 TGT 271/280
BUY ACC ABOVE 898 SL889 TGT 909/914/919
BUY RELINFRA ABOVE 1220 SL 1199 TGT 1244/1268/1285/1293
BUY BAJAJHIND ABOVE 207 SL 204 TGT 212/217

INTRADAY TIPS FOR 10 JUNE 2009

GOOD MORNING!!!

MARKETS YESTERDAY BANGED BACK WITH VENGENCE THIS IS THE THIRD TIME MARKET TRIED TO BREAK INTO BEARISH PHASE AND COULD NOT WITH STAND THE POWER OF BULLS. MARKETS AS TOLD IS STRONG ON THE BOTTOM LINE SO ONE NEEDS TO BE VERY CAUTIOUS ON THE NEGATIVE SIDE TILL IT BREACHES THE CRUCIAL SUPPORT LEVELS ALL THE THREE TIMES IT BROKE THE CRUCIAL SUPPORT LEVELS BUT COULD NOT WITHSTAND IT FOR FURTHER WEAKNESS. BULLS WERE DOMINANT FOR THE PAST TWO MONTHS AND REMAIN TO BE DOMINANT AS PER THE MARKET MOVE.

TODAY MARKET WOULD REAMIN HIGHLY VOLATILE WITH POSITIVE BIAS. NIFTY IF CROSSES 4580 THEN IT WOULD HAVE RESISTANCE AT 4600 THEN AT 4640 NIFTY IF MANAGES TO CLOSE ABOVE 4600 THEN WE CAN EXPECT NIFTY TO MOVE TO 4800 IN A VERY SHORT SPAN OF TIME. ON THE DOWN SIDE IF NIFTY BREAKS 4516 AND TRADES THEN WE CAN SEE NIFTY SUPPORT AT 4440.

BUY BAJAJHIND ABOVE 199 SL 194.4 TGT 206/209
BUY LT ABOVE 1568 SL 1554 TGT 1589/1597
BUY TATAPOWER ABOVE 1140 SL 1129 TGT 1154/1168

INTRADAY TIPS FOR 09 JUNE 2009

GOOD MORNING!!!

YESTERDAY NIFTY TOUCHED 4410 LEVELS AND ACHIEVED ALL THE TARGETS SET FOR THE DAY, NIFTY HAS BREACHED GOOD SUPPORT LEVELS YESTERDAY AND IF MANAGED TO BREACH 4366 FOR THE DAY WE CAN SEE THE BEARISH TREND TO CONTINUE FOR ANOTHER COUPLE OF DAYS. MARKET ON THE BOTTOM LINE STILL REMAINS BULLISH THOUGH SHORT TERM TREND IS NEGATIVE ONE CAN KEEP ACCUMULATING STOCKS AT LOWER LEVELS AS WE MAY SEE A GOOD RALLY ONCE AGAIN LITTLE BEFORE BUDGET TO BE ANNOUNCED AND POST BUDGET, BUT IT IS TOO EARLY TO PICK THE STOCKS FOR LONG TERM, ONE CAN SEE FOR ACCUMULATION ONLY WHEN NIFTY REACHES 4288 LEVELS. FOR NOW ONE CAN GO SHORT ON THE SHORT TERM BASIS WITH STOPLOSS AS 4650 FOR A TARGET OF 4288/4150. YESTERDAY THOUGH FEW TOP END STOCKS DIDNT TAKE PART IN THE RALLY MARKET STILL MANAGED TO CLOSE ON THE DAY LOW WHICH IS NOT A VERY GOOD SIGN FOR THE MARKET. IF NIFTY BREAKS DOWN TO 4366 WE CAN SEE MANY MORE FRONT END COMPANIES WILL ADD FUEL TO THE FIRE AND DRAG NIFTY FURTHER DOWNSIDE. ONE SHOULD REAMIAN CAUTIOUS IN THE MARKET AS WE HAVE SEEN IN THE LAST ONE MONTH NIFTY TRIED TO BREAK TWICE BUT MARKET CAME BACK WITH VENGENCE AND CONVERTED FROM BEARISH MODE TO A VERY BULLISH MODE SO I WOULD SUGGEST TO REMAIN ON THE TREND RATHER BEING IN THE SPECULATION MODE, IF NIFTY IS MOVING UP THEN TRY TO EXIT SHORTS ON THE STOPLOSS THAN HOLDING NIFTY MERE SPECULATING.

TODAY IF NIFTY BREACHES 4366 THEN WE CAN SEE ITS NEXT SUPPORT AT 4288 ON THE UPSIDE IF NIFTY MANAGES TO CROSS 4460 THEN WE CAN SEE SOME MORE UPSIDE UPTO 4520 SO STAY LITTLE CAUTIOUS AT EVERY PHASE IN THE MARKET, IF NIFTY MANAGES TO CLOSE IN THE LOWER LEVELS BELOW 4366 THEN WE CAN REMAIN IN SHORTS.

SELL RELCAP BELOW 932 SL 944 TGT 917/906/896
SELL SBI BELOW 1700 SL 1716 TGT 1680/1672/1665
SELL AXIS BELOW 700 SL 711 TGT 685/672/661
SELL HDFC BELOW 2335 SL 2350 TGT 2310/2290/2275
SELL MARUTI BELOW 1054 SL 1066 TGT 1036/1025
SELL LT BELOW 1484 SL 1501 TGT 1462/1450
SELL DLF FUTURES BELOW 368 SL 376 TGT 360/352
BUY DRREDDYS ONLY ABOVE 686 SL 679.5 TGT 708/716/730

INTRADAY FOR 08 JUNE 2009

GOOD MORNING!!!!
MARKETS ARE GOING CRAZY WITHOUT ANY REASON AND NOT WILLING TO GIVE UP AT ANY STAGE ITS NOT ONLY FOLLOWING NEWTONS THIRD LAW RATHER REWRITTEN THE NEW LAW, FOR EVERY DOWNSIDE HAS TO BE EQUAL AND OPPOSITE UPSIDE BUT THE NEW LAW OF MARKET IS FOR EVERY DOWNSIDE IS GIVING DOUBLE THE IMPACT ON THE UPSIDE AND NOW THE MARKETS HAVE COME TO A STAGE WHERE IT IS STANDING AT A PIVOT AND THERE ARE LESS CHANCES OF UPSIDE AND ANY KIND OF NEWS OR PRESSURE FROM ANY DIRECTION WOULD THROW MARKET TO HEARTNING DOWNSIDE IN THE FORM OF RETRACEMENT/CORRECTION/PROFIT BOOKING. MARKET HAS A STRONG RESISTANCE AT 4650 THIS LEVEL CAN BE LOOKED AT FOR ANY KIND OF POSITIONS.

MARKETS TODAY WOULD BE RANGE BOUND AND HIGHLY VOLATILE. TODAY IF NIFTY MANAGES TO CROSS 4636 THEN MAY TAKE NIFTY TO 4680 TO THE MAXIMUM AND ON THE DOWNSIDE IF NIFTY BREAKS 4544 THEN MAY IMMEDIATELY SEE SUPPORT AT 4500 AND IF MANAGES TO TRADE BELOW IT THEN ONE CAN SEE NIFTY AT 4410.

BUY MRPL ABOVE 95 SL 92 TGT 100/103
BUY HEROHONDA ABOVE 1455 SL 1439 TGT 1468/1479

BUY TATAMOTORS ABOVE 388 SL 381 TGT 397/403

POSITIONAL FOR ONE WEEK ONCE YOU GET 10 TO 15% JUST EXIT
BUY SEL MANUFACTURING ABOVE 84 TGT 105
BUY PRITHVI INFOMATION ABOVE 75.50 TGT 96
BUY HALONIX ABOVE 69 TGT 87
BUY SANGHI INDUSTRIES 35.50 TGT 45
BUY OMAX AUTO 38 TGT 48
BUY INDRAPRASTHA MEDICAL 39 TGT 49

POSITIONAL FOR ONE TO TWO MONTHS
BUY COUNTRY CLUB 30 TGT 200
BUY SEAMAC 165 TGT 350
BUY JSWHOLDINGS 800 TGT 2000
BUY ESSARSHIPPING 80 TGT 200
BUY STC 400 TGT 1200
BUY INDRAPARASTHA GAS
BUY GNFC 100 TGT 150

INTRADAY TIPS FOR 05 JUNE 2009

GOOD MORNING!!!

AS EXPECTED YESTERDAY MARKETS HAVE HIT THE FIRST TARGET OF NIFTY AT 4460 WHICH WAS THE CRUCIAL SUPPORT FOR NIFTY. THOUGH THE MARKET REVERSAL ON CARDS WAS NOT PURELY ON SUPPORT BASIS BUT ON THE NEWS BASED IT WAS PURELY ON THE DIVESTMENT NEWS. THERE IS NO GREAT NEWS IN THE MARKET FOR THE PAST COUPLE OF MONTHS EXCEPT THE FORMATION OF NEW GOVERNMENT WITH THE SAME OLD PARTY AND WITH SAME OLD GRAND FATHERS EXCEPT FULL MAJORITY, THERE IS NEITHER A GREAT CHANGE IN THE WORLD ECONOMY NOR THE INDIAN ECONOMY. ONE HAS TO BE VERY CAUTIOUS AFTER A NON STOP MOVE FROM 2700 TO 4600 WHICH IS AROUND 2000 POINTS IN NIFTY WHICH IS CONSIDERED TO BE A VERY VERY VERY HIGH SPIKE AT A GO, SO WOULD ADVICE INVESTORS TRADERS TO STAY CAUTIOUS.

FOR TODAY NIFTY ON THE UP SIDE MAY TEST 4578 AND IF MANAGES TO TRADE ABOVE THEN WILL MOVE TO 4626 AND ON THE DOWNSIDE IF NIFTY WILL FACE SUPPORT AT 4480 AND IF MANAGED TO BREAK BELOW THIS LEVEL THEN CAN EXPECT NIFTY TO SEE GREATER SUPPORT AT 4432 ONE CAN INITIATE SHORT IF NIFTY BREACHES 4480. PHARMA STOCKS AND POWER STOCKS ARE LOOKING GOOD.

BUY NEYVELLIGNITE AT 139 SL 137.40 TGT 142.9/145.40
BUY ACC ABOVE 832 SL 828.70 TGT 845/852
BUY TATACOMM ABOVE 527 SL 517 TGT 540/555
SELL SESAGOA BELOW 162.50 SL 164.10 TGT 158.60/155.10
SELL M&M BELOW 683 SL 691.75 TGT 665/653

INTRADAY TIPS FOR 04 JUNE 2009

GOOD MORNING!!!!!

ANOTHER IMPORTANT DAY IN THE STOCK MARKET, THESE ARE THE CRUCIAL LEVELS IN THE MARKETS, INDICIES MAY TEST GOOD RESISTANCE AT THE CURRENT LEVELS. YESTERDAY SENSEX HAS HIT 15000 MARK AND COULD NOT SUSTAIN MUCH LONGER WHICH IS A CRUCIAL LEVEL FOR THE MARKETS. FOR NIFTY CRUCIAL SUPPORT IS AT 4460 ONCE NIFTY BREACHES THIS LEVEL AND TRADES BELOW IT THEN ONCE CAN EXPECT MARKET TO COME DOWN MUCH MORE. ANY FURTHER UPMOVE IN THIS MARKET SHOULD BE PRECIDED BY AT LEAST SOME CORRECTION FROM THE PRESENT LEVELS. ONE HAS TO BE VERY CAUTIOUS ON THE LONGER TERM BET AT THIS SITUATION. SENSEX IF MANAGES TO GO BEYOND 15000 AND CLOSES THEN ONE CAN EXPECT IT TO MOVE UP BY ANOTHER 500 POINTS TO 15500 AND NIFTY BY ANOTHER 150 POINTS TO 4800 TO THE MAXIMUM AND ON THE DOWNSIDE THE TARGET LOOKS MUCH HIGHER THAN EXPECTED, MARKET MAY NOT GIVE ANY CHANCE TO BOOK PROFITS IF IT STARTS FALLING SO, BE CAUTIOUS IN THE MARKET ON YOUR HOLDINGS TOO. IF MARKET BREACHES 4460 IN NIFTY THEN I WOULD SUGGEST TO EXIT YOUR LONGS TO THE MAXIMUM ON THE CLOSING BASIS.

FOR TODAY MARKETS WOULD BE HIGHLY VOLATILE WITH NEGATIVELY BIASED WE MAY SEE SOME PROFIT BOOKING ON THE FRONT END STOCKS AND THERE WOULD BE LITTLE UPMOVE ON THE STOCK SPECIFIC COUNTERS IN THE MIDCAPS. BANKING SECTOR LOOKS WEAK AND FMCG IS LOOKING GOOD. TODAY IF NIFTY BREACHES 4518 THEN WE CAN SEE NIFTY AT 4460 AND IF MANAGES TO TRADES BELOW IT THEN WE CAN SEE NIFTY AT 4388 AND ON THE UPPER SIDE IF NIFTY MOVE ABOVE 4550 THEN RESISTANCE WOULD COME AROUND 4590 LEVELS. RISK ON THE BUYING SIDE IS MORE WHEN COMPARED TO SELLING SIDE SO STAY LITTLE CAUTIOUS, TRADE WITH STRICT STOPLOSS. DO NOT AVERAGE YOUR POSITIONS ON THE BUYING SIDE. IF YOU ARE A RISKY TRADER BUY FEW PUTS AND RETAIN THEM.

BUY YESBANK ABOVE 135 SL 131.20 TGT 139/144
BUY SUNTV ABOVE 273 SL 269.40 TGT 280/284/292
BUY DCHL ABOVE 85.50 SL 83.90 TGT 89/92
BUY GRASIM ABOVE 2305 SL 2274 TGT 2334/2365/2379
SELL ALLAHABAD BANK BELOW 86 SL 87.60 TGT 83.70/82.10
SELL BANK OF BARODA BELOW 421 SL 426.15 TGT 416/411
SELL BATA BELOW 146 SL 148.60 TGT 143.50/141/136
SELL BANK NIFTY BELOW 7270 SL 7311 TGT 7170/7035/6900

INTRADAY TIPS FOR 03 JUN 2009

GOOD MORNING!!!!

MARKETS ARE NOT GIVING UP AT ANY STAGE THOUGH THEY ARE IN OVER BOUGHT REGION. YESTERDAY EVEN AFTER BEING IN NEGATIVE SIDE FOR THE WHOLE DAY MARKETS WERE UP IN JUST MATTER OF MINUTES, SO ONE SHOULD STAY CAUTIOUS AND BE WITH THE TREND IF YOU ARE WITH THE TREND YOU ARE LIKELY TO BE THE WINNER DONT PRIDICT THE MARKET JUST GO WITH IT. MARKETS ARE LOOKING VERY BULLISH BUT ONE SHOULD STAY CAUTIOUS ABOUT THEIR HOLDINGS. DONT CARRY ANY SHORTS AS MARKETS ARE NOT GIVING ANY CHANCE FOR BEARS ONLY SHORT ANYTHING WHEN YOU GET CONFIRMATION OF CORRECTION. THERE ARE STILL FEW GOOD STOCKS WHICH ARE STILL VIRGINS SO BANK ON THEM TO REAP GOOD BENIFITS.

MARKETS TODAY WOULD OPEN ON A POSITIVE NOTE BUT WILL BE HIGHLY VOLATILE STAY VERY CAUTIOUS. NIFTY IF BREAKS 4550 THEN WILL TAKE IT TO 4600 AND ON THE DOWN SIDE IF IT BREACHES 4500 WILL SEE NIFTY TO SLIDE 4450 - 4430 IF NIFTY FALLS FURTHER AND CLOSES BELOW 4421 THEN ONE CAN RETAIN SHORT POSITIONALLY AND ON THE UPPER SIDE IF NIFTY CROSSESS 4600 AND CLOSES THEN CHANCES ARE BRIGHT NIFTY CAN MOVE UPTO 4800 WHICH IS UNSTOPPABLE. NIFTY RESISTANCE AT 4648 AND 4589 AND SUPPORTS AT 4459 AND 4388.

BUY MOSER BAER ABOVE 111 SL 107 TGT 116/120 **
BUY IFCI ABOVE 52.75 SL 51.40 TGT 60/65/72/80 (ONE CAN HOLD POSITIONALLY)
BUY FSL ABOVE 28.75 SL 27.70 TGT 30/34/40/45 (ONE CAN HOLD POSITIONALLY)
SELL RELINFRA BELOW 1245 SL 1258 TGT 1228/1221
SELL RANBAXY FUTURES BELOW 262 SL 266 TGT 257/253
SELL DLF BELOW 404 SL 411 TGT 394/387
** DO NOT HOLD PLOSTIONAL CALLS BELOW 4420 IN NIFTY

INTRADAY TIPS FOR 02 JUNE 09

GOOD MORNING!!!

MARKETS HAVE OUTPERFORMED FOR LAST COUPLE OF WEEKS WITHOUT MUCH PROFIT BOOKING, ACCORDING TO TECHNICALS ALMOST ALL THE INDICATORS ARE PEAKING OUT ONE CANNOT RULE OUT THERE WILL BE A CORRECTION ANYWHERE NEAR THESE LEVELS ONE HAS TO BE VERY CAUTIOUS ABOUT MARKETS ON THE LONGER SIDE AND BEFORE ANY FURTHER UPMOVE WE EXPECT MARKETS TO DECLINE BEFORE ANY FURTHER UPMOVE ABOVE 4650-4700 LEVELS. MARKETS ARE IN THE HIGHLY OVERBOUGHT REGEION, BUT ONE CANNOT RULE OUT THAT MARKETS STRUCTURALLY ARE VERY BULLISH. SHORT ONLY WHEN YOU GET CONFIRMATION OF SELLING AND DONT RISK IN THE MARKET.

TODAY MARKETS WOULD BE POSITIVELY BIASED THIS IS A GREAT OPPORTUNITY FOR PEOPLE TO EXIT FEW OF THEIR POSITIONS IN THEIR PORTFOLIOS. NIFTY IF MANAGES TO CROSS 4560 IN TODAYS TRADE THEN WE CAN SEE NIFTY TO FACE RESISTANCE AT 4600 AND IF MANAGES TO TRADE ABOVE WE CAN SEE NIFTY AT 4650 IN TODAYS TRADE AND ON THE NEGATIVE SIDE IF NIFTY BREACHES 4490 THEN WE CAN SEE NIFTY TO SLIDE DOWN TO 4450-4420 LEVELS. NIFTY SUPPORT AT 4485 AND 4432 AND RESISTANCE AT 4602 AND 4570. ONE CAN GO SHORT IF NIFTY CLOSES BELOW 4362.

BUY ABB FUTURES AT 669 SL 664 TGT 675/679
BUY AXIS BANK FUTURES AT 751 SL 739 TGT 768/779
BUY BALAJITELE FUTURES AT 68 SL 65.5 TGT 72/74
BUY CHAMBAL FERTILIZERS FUTURES AT 68 SL 65.80 TGT 72/74.4
BUY SUZLON ABOVE 115 SL 112 TGT 120
BUY ICSA ABOVE 200 SL 196 TGT 209/212/216
BUY RNRL 88 SL 84.40 TGT 92/94
BUY CAIRN ABOVE 263 SL 249 TGT 285/300/320 (CAN HOLD POSITIONALLY WITH 225 AS STOPLOSS)

INTRADAY TIPS FOR 01 JUN 09

MARKETS ON TECHNICAL FRONT ARE LOOKING VERY STRONG AND ARE PREPARING TO ROAR DAY AFTER DAY, BUT ONE SHOULD KEEP IN MIND THAT THERE IS 100% POSSIBILITY THAT PROFIT BOOKING WOULD CROP IN AFTER SUCH AN UP MOVE. THERE IS VERY LITTLE UPSIDE FROM HERE, NIFTY CAN GO THE MAXIMUM OF 4600 AND ON THE DOWNSIDE WE MAY SEE NIFTY TO TOUCH 4100 ONCE IT BREAKS THE CRUCIAL SUPPORT SO, KEEP YOUR PROFIT LOCKED BY KEEPING TRAILING STOPLOSS ON YOUR POSITIONAL CALLS. STUCTURALLY MARKETS ARE LOOKING STRONG SO DONT SHORT UNTILL IT BREAKES CRUCIAL SUPPORTS AND DONT HOLD YOUR POSITIONS WITHOUT STRICT STOPLOSSES.

TODAY MARKETS ARE LOOKING POSITIVE IF NIFTY MANAGES TO CROSS 4460 AND TRADES THEN WE CAN SEE IT TO TOUCH 4500 AND THIS BEING RESISTANCE THIS MAY BE THE INITIAL TARGET FOR NIFTY AND IF IT MANAGES TO CROSS 4500 AND TRADES THEN WE CAN SEE NIFTY TO TOUCH 4550 LEVELS THERE IS EVERY POSIBILITY THAT NIFTY MAY TAKE CORRECTION WITH PROFIT BOOKING. MAJOR LEVELS TO WATCH IN NIFTY ARE 4515 - 4576 AND SUPPORTS AT 4372-4290.

BUY GNFC FUTURES ABOVE 96 SL 94 TGT 100/102
BUY DLF FUTURES ABOVE 407 SL 398 TGT 414/422
BUY L&T ABOVE 1400 SL 1384 TGT 1420/1438
BUY JP ASSOCIATES ABOVE 208 SL 205.5 TGT 212/214
BUY M&M ABOVE 665 SL 661 TGT 675/684/695