INTRADAY TIPS FOR 31 JULY 2009

GOOD MORNING!!!
THE KEY BENCHMARK INDICES PARED GAINS IN AFTERNOON TRADE AS INDEX HEAVYWEIGHT RELIANCE INDUSTRIES FELL. IT, REALTY, CEMENT, CONSTRUCTION, POWER STOCKS ROSE. INDIA'S BIGGEST BANK IN TERMS OF BRANCH NETWORK STATE BANK OF INDIA (SBI) ROSE AFTER GOOD Q1 RESULT. FIRM GLOBAL STOCKS SUPPORTED DOMESTIC MARKET. THE MARKET BREADTH WAS POSITIVE. VOLATILITY WAS HIGH AS TRADERS ROLLED OVER POSITIONS FROM JULY 2009 CONTRACTS TO AUGUST 2009 CONTRACTS IN THE FUTURES & OPTIONS SEGMENT AHEAD OF THE EXPIRY OF JULY 2009 CONTRACTS TODAY, 30 JULY 2009. ROLLOVER OF NIFTY POSITIONS FROM JULY 2009 CONTRACTS TO AUGUST 2009 CONTRACTS WAS ABOUT 60% AT THE END OF WEDNESDAY'S (29 JULY 2009) TRADING. ROLLOVER IN MINI NIFTY FUTURES WAS ABOUT 43%. THE Q1 JUNE 2009 RESULTS ANNOUNCED SO FAR HAVE BEEN ENCOURAGING, WITH LOWER COSTS HELPING BOTTOMLINE GROWTH. THE COMBINED NET PROFIT OF 1357 COMPANIES ROSE 27% TO RS 61,979 CRORE ON 6.7% FALL IN SALES TO RS 5,65,811 CRORE IN Q1 JUNE 2009 OVER Q1 JUNE 2008.

TODAY MARKET LOOKS GREAT FOR LONGS ONE CAN REMAIN LONG AS LONG AS NIFTY IS ABOVE 4600 AND ONE HAS TO EXIT SHORT ABOVE 4650 AND CAN SEE NIFTY TO MOVE UPTO 5000 LEVELS IN THE VERY NEAR TERM IF NIFTY SUSTAINS ABOVE 4700 IT IS QUITE EVIDENT THAT MARKET WOULD SURPASS ALL THE RECENT HIGHS OF THE PAST. FOR INTRADAY IF MARKET CROSSES 4574 THEN IT IS QUITE EVIDENT THAT IT WILL TOUCH 4651 AND IF IT SUSTAINS ABOVE 4651 AND CLOSES THEN ONE CAN CARRY THEIR POSITIONS. ON THE NEGATIVE SIDE IF MARKET TRADES BELOW 4560 THEN ONE CAN GO SHORT WITH A STOPLOSS OF 4600 ONE CAN REMAIN SHORT AS LONG AS NIFTY IS BELOW 4600.

BUY SASKEN SL 115 TGT 125/130
BUY CAIRN SL 230 TGT 238/242
BUY ICSA SL 184 TGT 193/200
BUY M&M SL 840 TGT 870/881/900
BUY TATASTEEL SL 441 TGT 464/489
BUY IDFC SL 132 TGT 138/142

INTRADAY TIPS FOR 30 JULY 2009

GOOD MORNING!!!

INDICES CRASHED ON FRENZIED SELLING IN INDEX PIVOTALS IN EARLY AFTERNOON TRADE WITH ONGOING TENSION ON THE INDO-CHINA BORDER AGGRAVATED THE FALL. STOCKS WITH HIGH BETA VALUES WERE THE WORST HIT. MARKET BREADTH TURNED WEAK AFTER A POSITIVE START FOR THE DAY. MARKET THOUGH TURNED WEAK ON HUGE HUGE VOLUMES ONE CANNOT RULE OUT THAT BULL RUN IS COLLAPSED. IT IS WISE TO TRADE IN LESS QUANTITY OR STAY AWAY FROM MARKET FOR TODAY AS THERE IS CLOSING OF CONTRACT FOR THE MONTH OF JULY.

TODAY IF NIFTY BREACHES 4500 AND TRADES BELOW IT THEN ONE CAN SEE NIFTY AROUND 4440 AND BREACH BELOW THIS LEVEL WOULD DRIVE THE MARKET TO 4404 LEVELS AND BREACH BELOW THIS LEVEL WOULD TURN MARKET COMPLETELY TO THE NEGATIVE ZONE, ONE CAN TAKE SHORT POSITIONS IF NIFTY CLOSES BELOW 4400 LEVELS WITHOUT ANY HESITATION. IF NIFTY CROSSES 4525 AND TRADES THEN WE CAN SEE NIFTY TO SPIKE UPTO 4560 LEVELS AND THEN WE MAY SEE SOME RESISTANCE THERE AND IF MANAGED TO TRADE ABOVE THEN 4604 IS THE TARGET 4642. IF NIFTY CROSSES 4600 EXIT YOUR SHORTS WHEN NIFTY CROSSES 4650 IT IS ADVISED TO GO LONG.

BUY HEROHONDA ABOVE 1637 SL 1619 TGT 1679/1706
BUY JINDAL STEEL 3120 SL 3049 TGT 3200/3238/3290
BUY ROLTA 148 SL 146.4 TGT 150/152
BUY DLF ONLY ABOVE 403 SL 393 TGT 413/422/432
SELL HDIL BELOW 268 SL 271.7 TGT 258/254/245/237
SELL TATASTEEL BELOW 442 SL 446.5 TGT 432/421

INTRADAY TIPS FOR 29 JULY 2009

GOOD MORNING!!!

INDICES ENDED WITH MODEST LOSSES AFTER SWINGING WILDLY EITHER WAYS DURING THE COURSE OF THE DAY. VOLATILITY ROSE AFTER THE RESERVE BANK OF INDIA RAISED INFLATION AND GDP GROWTH FORECAST WHILE KEEPING KEY POLICY RATES UNCHANGED AT THEIR HISTORICAL LOW LEVEL AT A QUARTERLY MONETARY POLICY REVIEW. EUROPEAN MARKETS WERE SLIGHTLY LOWER AND MOST ASIAN STOCKS ROSE. POOR Q1 RESULTS CONTINUED TO WEIGH ON THE INDEX HEAVYWEIGHT RELIANCE INDUSTRIES FOR THE SECOND DAY IN A ROW. BANKING SHARES SLIPPED. HOWEVER POWER STOCKS ADVANCED. THE MARKET WAS VOLATILE. AFTER A FIRM START TRIGGERED BY GOVERNMENT SOPS TO STIMULATE THE ECONOMY ANNOUNCED AFTER TRADING HOURS ON MONDAY, 27 JULY 2009, THE MARKET SOON SLIPPED INTO THE RED. IT CUT LOSSES AFTER THE RBI'S POLICY ANNOUNCEMENT AT ABOUT 11:15 IST. HOWEVER THE INTRADAY RECOVERY PROVED SHORT LIVED. THE MARKET WEAKENED AGAIN. THE MARKET BOUNCED BACK ONE AGAIN IN AFTERNOON TRADE AS THE RBI KEPT POLICY RATES AT RECORD LOW LEVELS. THE SENSEX HIT ITS HIGHEST LEVEL IN MORE THAN A MONTH. HOWEVER, THE MARKET FAILED TO SUSTAIN HIGHER LEVEL AND ONCE AGAIN SLIPPED INTO THE RED LATER.

TODAY IF NIFTY TRADES BELOW 4532 THEN IT IS LIKELY TO TOUCH 4486 BUT ONE IS ADVICED TO STAY AWAY FROM SHORTS AS MARKET IS LOOKING VERY STRONG STUCTURALLY AND ABOVE 4572 MARKET MAY CROSS 4600 AND THEN 4617 AND IF IT TRADES ABOVE THIS LEVEL THEN ON CAN SEE NIFTY AT 4650 MARKET ON THE UPSIDE IS STRONG THAN ON THE NEGATIVE SIDE. WITH THE FNO SETTLEMENT ONE IS ADVICED TO TRADE LESS AND CAUTIOUSLY AS MARKET WOULD REMAIN RANGE BOUND WITH HIGH VOLATALITY.

BUY RELINFRA 1208 SL 1196 TGT 1222.
BUY TATA MOTORS ABOVE 412 SL 404 TGT 422/428
BUY SESAGOA SL 242 TGT 252/256
BUY HCC FUTURES ABOVE 116 SL 114.5 TGT 119/122
BUY SAIL SL 176 TGT 180/182
BUY BIRLACORP ABOVE 296 SL 291 TGT 304/308
BUY GITANJALI GEMS ABOVE 107.50 SL 103 TGT 112/115
SELL ICICI BANK BELOW 738 SL 749 TGT 725/715

ACCUMULATE EDSERV CALL WAS GIVEN YESTERDAY KEEP ADDING

INTRADAY TIPS FOR 28 JULY 2009

GOOD MORNING!!!

INDICIES ENDED ALMOST UNCHANGED AFTER GYRATING EITHER SIDE THROUGHOUT THE DAY. GLOBAL CUES WERE POSITIVE WITH ASIAN AND EUROPEAN MARKETS TRADING HIGHER. THE MARKET OPENED ON A SUBDUED NOTE AS INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL) FELL ON WEAK Q1 JUNE 2009 RESULTS IT ANNOUNCED AFTER TRADING HOURS ON FRIDAY, 24 JULY 2009 WHICH WERE MUCH LOWER THAN THE STREET EXPECTATIONS . THE MARKET FIRMED UP SOON ON BUYING IN BANKING AND IT PIVOTALS. THE SENSEX HIT ITS HIGHEST LEVEL IN 1-1/2 MONTHS. HOWEVER, THE RALLY PROVED SHORT-LIVED. THE MARKET MAY REMAIN VOLATILE THIS WEEK AS INVESTORS ROLLOVER POSITIONS FROM JULY 2009 CONTACTS TO AUGUST 2009 CONTRACTS AHEAD OF EXPIRY OF JULY 2009 FUTURES AND OPTIONS (F&O) CONTRACT ON THURSDAY, 30 JULY 2009. ANNUAL MONSOON RAINS AFTER A SLUGGISH START. INDIA'S MONSOON RAINS WERE 15% ABOVE NORMAL IN THE WEEK TO 22 JULY 2009, THE SECOND CONSECUTIVE WEEK OF ABOVE-AVERAGE RAINFALL AFTER AN EXCEPTIONALLY DRY PATCH AT THE START OF THE SEASON.

TODAY MARKET WILL BE VOLATILE AND IT IS ADVISED TO ALL THE TRADERS TO BOOK PROFITS WHENEVER ONE CAN DON’T LOOK FOR BIG PROFITS IN THIS WEEK AHEAD OF EXPIRY. MARKET WOULD BE RANGE BOUND, HOWEVER MARKET IS LOOKING STRONG AND REMAINS TO BE ON THE POSITIVE NOTE AS LONG AS IT DOESN’T BREACH 4400 MARK. ONE IS ADVICED TO STAY AWAY TILL IT CROSSES 4600 AND TRADES ABOVE IT AND ONE CAN TAKE FRESH LONG POSITIONS ONLY WHEN MARKET CLOSES ABOVE 4650 TILL THEN IT MAY BE RISKY BET TO GO LONG IN THIS CONDITIONS. IF NIFTY CROSSES 4610 THEN MAY GO UP TO 4640 AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4570 THEN YOU CAN SEE NIFTY TO COME TO 4557 AND THEN TO 4526 AND MAY SEE A BOUNCE ON REACHING THIS LEVELS SO ONE HAS TO TAKE CAUTIOUS TRADES ON THESE LEVELS AND ONE IS ADVICED TO BOOK SMALL PROFITS FOR THIS WEEK BY TRAILING YOUR STOPLOSSES.

BUY IDFC ABOVE 136 SL 134.5 TGT 138/140

BUY TATA MOTORS SL 372 TGT 390/397

BUY SRF SL 141 TGT 148/150
SELL TATA POWER BELOW 1250 SL 1261 TGT 1220/1200
SELL HINDUNILVR SL 301.7 TGT 296.6/294.75
SELL ONGC 1098 SL 1110 TGT 1084

POSTIONAL
BUY EDSERV TGT 100/150 (MEDIUM TERM)

INTRADAY TIPS FOR 27 JULY 2009

GOOD MORNING!!!
KEY BENCHMARK INDICES SURGED, EXTENDING THE GAINING MOMENTUM AFTER AN ENCOURAGING Q1 JUNE 2009 RESULTS, SIGNS OF PICK UP IN THE ECONOMY, REVIVAL OF MONSOON AND FIRM GLOBAL MARKETS, LIFTED SENTIMENT INDEX LAST DAY STRUCK ITS HIGHEST LEVEL IN MORE THAN A MONTH. BUT VOLATILITY REMAINED VERY HIGH. AUTO, REALTY AND METAL SHARES LOGGED SMART GAINS. BANKING SHARES WERE SUBDUED AHEAD OF THE RESERVE BANK OF INDIA'S (RBI) QUARTERLY MONETARY POLICY REVIEW MEET ON TUESDAY, 28 JULY 2009.

MARKET TODAY IS EXPECTED TO REMAIN VOLATILE ONE HAS TO LOOK FOR RELIANCE STOCK AS RESULTS OF RELIANCE WERE DISAPPOINTING AND WERE BELOW THE STREET EXPECTATIONS, MARKET MAY SHOW A REAL TREND FROM TOMORROW FOR TODAY WE MAY SEE VOLATILE SESSION WITH STOCK SPECIFIC MOVES. THE BREADTH OF THE MARKET STILL REMAINS VERY STRONG AND AT A CRUCIAL PHASE OF RESISTANCE ONE IS ADVISED TO STAY AWAY FROM INITIATING LONGS AT THIS LEVELS ONE CAN HOLD POSITIONAL LONGS. FRESH ENTRY INTO LONGS MAY BE INITIATED IF MARKETS CLOSES ABOVE 4650. IF NIFTY TRADES ABOVE 4583 THEN NIFTY MAY MOVE UP TO 4673 AND CLOSE ABOVE 4650 ONE CAN STAY LONG AND CARRY POSITIONS AND ON THE NEGATIVE SIDE IF MARKET TRADES BELOW 4547 THEN ONE CAN SEE NIFTY TO SLIDE DOWN TO 4500 AND CLOSE BELOW 4493 ONE CAN REMAIN SHORT OVERNIGHT.

BUY JPASSOCIATES SL 235 TGT 247/250
BUY OMAXE SL 96 TGT 106/109
BUY NTPC SL 208 TGT 218/222
BUY RANBAXY SL 274 TGT 286/290
BUY IDFC SL 129 TGT 135/138 (ONE CAN HOLD POSITIONALLY FOR A TARGET OF 200)
BUY ANDHRA BANK SL 87 TGT 92/94

INTRADAY TIPS FOR 24 JULY 2009

GOOD MORNING!!!

WE HAVE WITNESSED A GREAT RALLY YESTERDAY WHICH CLEARLY INDICATES THAT MARKET IS VERY BULLISH. ALL THE GLOBAL INDICES ARE SUPPORTING THE MARKETS ALONG WITH STRONG Q1 RESULTS IN AND ACCROSS THE GLOBE. METAL STOCKS WERE THE STAR PERFORMERS OF THE DAY LOGGING SMART GAINS AFTER LMEX, A GAUGE OF SIX METALS TRADED ON THE LONDON METAL EXCHANGE ROSE 1.72% ON WEDNESDAY.

TODAY MARKETS MAY SEE SOME RESISTANCE AT UPPER LEVEL ON PROFIT BOOKING BUT ONE MUST AVOID BUYING AT HIGHER LEVELS TILL NIFTY CROSSES 4600. IF NIFTY CLOSES ABOVE 4600 ONE CAN STRONGLY GO FOR BUYING AND ONE IS ADVISED NOT TO SHORT ANYTHING BELOW 4400. TODAY IF NIFTY CROSSESS AND TRADES ABOVE 4600 THEN NIFTY IS LIKELY TO SEE 4640 AND FACE GOOD RESISTANCE AT THIS PLACE AND IF NIFTY MANAGED TO ABOVE THIS LEVEL THEN IT WILL GO TO 4700 .

BUY ANDHRA CEMENTS SL 24 TGT 30
BUY DLF SL 369 TGT 377/384/392
BUY ACC SL 849TGT 870/877/883
BUY HTMEDIA SL 99 TGT 110/112

INTRADAY TIPS FOR 23 JULY 2009

GOOD MORNING!!!

KEY BENCHMARK INDICES HAVE DROPPED, REVERSING INTRADAY 2% GAINS, AS INVESTORS BOOKED PROFITS AFTER RECENT SHARP RALLY INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL) SLIPPED. CAPITAL GOODS, POWER, IT STOCKS FELL. WEAK EUROPEAN MARKETS AND LOWER US INDEX FUTURES SOURED SENTIMENT. THE MARKET BREADTH WAS NEGATIVE COMPARED TO A STRONG BREADTH EARLIER IN THE DAY. CONCERNS OVER THE PROGRESS OF INDIA'S ANNUAL MONSOON TRIGGERED PROFIT TAKING AFTER A RECENT STRONG RALLY IN SHARE PRICES. INDIA'S LARGEST POWER EQUIPMENT MAKER BY SALES BHARAT HEAVY ELECTRICALS AND INDIA'S LARGEST DEDICATED HOUSING FINANCE COMPANY BY SALES, HDFC DROPPED DESPITE GOOD Q1 RESULTS ANNOUNCED DURING TRADING HOURS. INDIA'S LARGEST OIL EXPLORATION FIRM BY REVENUE ONGC ROSE AHEAD OF ITS Q1 JUNE 2009

WEAK RAINS IS A CAUSE FOR CONCERN. THE LIKELY EMERGENCE OF EL NINO, THE NAME GIVEN TO THE WARMING OF THE PACIFIC OCEAN AND WHICH OFTEN INFLUENCES THE INDIAN MONSOON ADVERSELY, COUPLED WITH THE FAILURE OF THE MONSOON TO GATHER MOMENTUM IN THE KEY NORTH-WESTERN AGRICULTURAL BELT, HAS ADDED TO THE WORRY. UNDER THE CIRCUMSTANCES, THE ASSERTION BY THE INDIA METEOROLOGICAL DEPARTMENT (IMD) THAT MUCH OF THE RAIN DEFICIT IN JUNE WILL BE MADE UP IN JULY (WHICH IS MOSTLY OVER) AND AUGUST HAS FETCHED LITTLE RESULTS. THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET TURNED NEGATIVE FROM STRONG BREADTH EARLIER IN THE DAY.

TODAY IN NIFTY ONE CAN STAY LONG IF NIFTY TRADES ABOVE 4436 FOR A TARGET OF 4472 AND 4505 AND IF NIFTY MANAGES TO CROSS 4505 THEN WE CAN SEE NIFTY TO FACE STRONG RESISTANCE AT 4542 AND ON THE DOWN SIDE IF NIFTY TRADES BELOW 4402 THEN ONE CAN INITIATE SHORTS FOR A TARGET OF 4365 AND THEN 4302. MARKET HAS TAKEN SUPPORT AT THE CRUCIAL LEVEL SO ONE IS EXPECTED TO WAIT TILL THE NIFTY CROSSES OR BREACHES ABOVE SAID LEVELS.

BUY NIFTY SL 4345 TGT 4430/4456/4480/4500
BUY ONGC SL 1079 TGT 1135/1166
BUY MOSER BAER SL 79 TGT 85/87
BUY RANBAXY SL 264 TGT 274/277
BUY SUZLON SL 89 TGT 94/96
BUY ITC ABOVE 218 SL 215 TGT 221/224/226.7
SELL TECHM BELOW 770 SL 783 TGT 752/732/719/704

POSITIONAL TRADES
INOX LIESURE 45 TGT 120. (6 MONTHS)

INTRADAY TIPS FOR 22 JULY 2009

GOOD MORNING!!!

KEY BENCHMARK INDICES FELL IN VOLATILE TRADE AS PROFIT BOOKING EMERGED AFTER A RECENT SOLID SURGE. IT, REALTY AND POWER STOCKS FELL, SOME METAL STOCKS ROSE AFTER TATA STEEL RAISED $500 MILLION FROM AN ISSUE OF GLOBAL DEPOSITORY RECEIPTS. THE MARKET WAS VERY VOLATILE. PROFIT TAKING PULLED THE KEY BENCHMARK INDICES LOWER AFTER A HIGHER START TRIGGERED BY FIRM GLOBAL MARKETS. THE MARKET CUT LOSSES IN MID-MORNING TRADE. HOWEVER, THE INTRADAY RECOVERY PROVED SHORT LIVED AND THE MARKET LOST GROUND AGAIN IN EARLY AFTERNOON TRADE. MARKET LOOKS TO BE CONSOLIDATED BREAK ON EITHER SIDE WILL SHOW THE DIRECTION OF THE TREND IN THE NEAR TERM. WEAK MANSOON HAS LET THE SENTIMENT LITTLE WEAK.

TODAY MARKET WOULD BE VOLATILE AND WOULD BE RANGE BOUND. MARKET STRUCTURALLY STILL REMAINS STRONG BUT I WOULD SUGGEST YOU TO INITIATE LONG ONLY WHEN MARKET CLOSES ABOVE 4550 TILLTHEN ONE CAN STAY SHORT WITH STOPLOSS OF 4550 IF MARKET CLOSES ABOVE THIS LEVEL THEN ONE CAN SEE MARKET TO RACE ANOTHER 300 TO 400 POINTS FROM THERE IN NIFTY. TODAY IF NIFTY BREACHES 4500 AND TRADES THEN WE CAN SEE A STRONG RESISTANCE AT 4547 AND ON THE NEGATIVE SIDE IF NIFTY BREACHES 4440 AND TRADES BELOW THAT LEVEL THEN ONE CAN SEE MARKET TO TAKE SUPPORT AT 4365. IF MARKET CLOSES BELOW 4365 ONE CAN EXIT ALL THEIR LONG POSITIONS AND STAY SHORT.

BUY ANANTRAJ SL 108 TGT 122/127
BUY AXIS BANK 890 SL 877 TGT 908/927
BUY SRF SL 118 TGT 125/127
BUY DCHL ABOVE 82 SL 79 TGT 89/92/96
BUY ADLABS FILMS SL 337 TGT 351/357
BUY DRREDDY ABOVE 797 SL 789 TGT 805/815
SELL BHEL BELOW 2215 SL 2226 TGT 2204/2184/2150
SELL BHARTI BELOW 837.9 SL 846 TGT 820/800

DELIVERY CALL
BUY TULSYAN TGT 85 (MEDIUM TERM IN SMALL QTY)

INTRADAY TIPS FOR 21 JULY 2009

GOOD MORNING!!!
BULLS CONTINUED TO DOMINATE TRADE AS KEY BENCHMARK INDICES EXTENDED GAINS TO HIT FRESH HIGHS AS ENCOURAGING Q1 JUNE 2009 RESULTS FROM INDIA INC AND FIRM GLOBAL STOCKS BOOSTED THE SENTIMENT. THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET, WAS STRONG. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES JUMPED AHEAD OF A SUPREME COURT (SC) HEARING TODAY ON A DISPUTE OVER THE GAS SUPPLY TO RELIANCE NATURAL RESOURCES. IT, AUTO AND BANKING HAVE OUTPERFORMED.

FOR TODAY MARKET MAY BE IN THE STATE OF CONSOLIDATION AFTER A STRONG RALLY, NIFTY MAY OPEN LITTLE NEGATIVE. IF NIFTY BREACHES 4494 AND TRADES BELOW IT THEN WE CAN SEE NIFTY TO TOUCH 4446 IMMEDIATELY AND CLOSING BELOW THIS LEVELS WOULD TAKE NIFTY TO 4351-4250 LEVELS AS THE MARKET BREADTH IS POSITIVE ONE HAS TO BE ON THE SIDELINES ONE CAN RETAIN SHORT POSITIONS AS LONG AS NIFTY IS BELOW 4600 LEVELS AND ONCE THIS LEVELS IS BREACHED AND CLOSED THEN ONE HAS TO CONVERT ALL THEIR SHORTS INTO LONGS. IF NIFTY TRADES ABOVE 4510 THEN WE CAN SEE NIFTY TO TOUCH 4550 THIS IS THE VERY HIGH RESISTANCE POINT AND IF IT BREACHES THEN THE ULTIMATE RESISTANCE AT 4600 AND ONCE IF NIFTY HAS CROSSED THIS THEN NIFTY WILL HIT THE NEW HIGHS

BUY APIL ABOVE 517 SL 504 TGT 540/556
BUY JPHYDRO 83.5 SL 81.30 TGT 85/87.7/90
BUY CIPLA SL 283.40 TGT 294/297
SELL BHARTI BELOW 845 SL 851 TGT 836/824/812
SELL BHEL BELOW 2268 SL 2286 TGT 2244/2222
SELL HDFC BANK BELOW 1473 SL 1485 TGT 1450/1435/1415
SELL ONGC BELOW 1060 SL 1074 TGT 1037/1023
SELL BANK NIFTY BELOW 7550 SL 7601 TGT 7455/7347/7200
POSITIONAL
BUY UTV SOFT TGT 450
BUY ETC NETWORK TGT 145

INTRADAY TIPS FOR 20 JULY 2009

GOOD MORNING!!!

THE KEY BENCHMARK INDICES PARED GAINS AFTER SURGING TO FRESH DAY'S HIGH. AUTO, IT, AND BANKING STOCKS LED THE RALLY. FIRM GLOBAL MARKETS BOOSTED SENTIMENT. FINANCE SECRETARY ASHOK CHAWLA'S COMMENTS THAT THE GOVERNMENT'S RECORD MARKET BORROWING PROGRAMME WOULD NOT PRESSURE BOND YIELDS AND INTEREST RATES FURTHER BOLSTERED BULLS. REVIVAL OF THE ANNUAL MONSOON THIS MONTH ALSO UNDERPINNED SENTIMENT. INDIA'S MONSOON HAS REVIVED THIS MONTH AFTER A DISMAL START LAST MONTH. RAINFALL IN THE WEEK TO 10 JULY WAS 6% MORE THAN THE LONG-TERM AVERAGE. FOR THE 1 JUNE-15 JULY PERIOD IT WAS 27% BELOW NORMAL, IMPROVING FROM A DEFICIT OF 36% UP TO 8 JULY. THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET, IS STRONG, WE WOULD ADVICE YOU TO STAY CAUTIOUS ON THIS VERY FAST MOVE FROM 3905 TO 4399 WHICH IS ALMOST 500 POINTS NON-STOP RALLY UNLESS OTHERWISE NIFTY STAYS ABOVE 4440 AND CLOSES ONE CAN EXIT THEIR LONG POSITIONS ON CLOSING IF NIFTY DOES NOT CLOSE ABOVE 4440 LEVELS AS MARKET SHOULD CONSOLIDATE ON THIS FIRM MOVE, TO MOVE FURTHER UPSIDE OR DOWNSIDE SO IN THIS CONSOLIDATION PHASE ONE SHOULD EXIT AND WATCH THE SHOW UNTIL THE LEVELS SPECIFIED BELOW ARE CROSSED.

TODAY MARKET WOULD OPEN IN POSITIVE AND MAY HIT A TARGET OF 4440 ON THE UPSIDE AND IF NIFTY MANAGES TO STAY ABOVE 4440 THEN ONE CAN SEE NIFTY AT 4550 LEVELS AND IT IS EVIDENT THAT MARKET WOULD COME DOWN BY ATLEAST 200 POINTS AFTER IT TRADES BELOW ANY OF THE LEVEL SPECIFIED. ONE IS ADVICED NOT TO SHORT ANYWHERE OTHER THAN SPECIFIED LEVELS. AND TODAY IF NIFTY TRADES BELOW 4380 THEN WE CAN SEE NIFTY AT 4344 AND IF NIFTY CLOSES BELOW 4344 THEN ONE CAN SEE NIFTY IMMEDIATELY AT 4280 LEVELS. ONE IS ADVICED TO STAY VERY CAUTIOUS IN THE MARKET WITH STRICT STOPLOSS.

BUY M&M SL 774 TGT 790/815
BUY RELIANCECAP SL 854 TGT 885/900
BUY HCL TECH 212 SL 209 TGT 218/221.8
3I INFOTECH SL 69 TGT 77/80
EVERONN SYS SL 352 TGT 369/376
MOSER BAER SL 74 TGT 80/82
UNITECH SL 74 TGT 80/82

POSITIONAL
AXIS IT&T 24 (BUY IT WITHOUT STOPLOSS FOR A TARGET OF 45/70/100)*** MUST BUY
BUY ESSAR OIL TGT 153/166/175/183/189 **
GTL INFRA 34 TGT 48*
BUY SAKTHI SUGARS TGT 67
BUY MLL TGT 63/67/69
BUY INDIAN HOTELS TGT 69/74
*** VERY STONG **STRONG *GOOD

INTRADAY TIPS FOR 17 JULY 2009

GOOD MORNING!!!

YESTERDAY MARKETS HAVE GONE QUITE WELL IN THE INITIAL TRADES BUT COULD NOT SUSTAIN IT MUCH LONGER THE MARKET WAS VERY VOLATILE AND THE VOLUMES YESTERDAY WERE NOT AS CONVINCING SO IT STILL ADVICEABLE TO STAY LONG THEN GOING ON THE SHORT SIDE AT THIS MOMENT MARKETS ARE SHOWING SOME KIND OF CONSOLIDATION AT THIS LEVELS BUT THE WAY MARKET MOVED AT THE END STILL SHOWS A BULLISH SIGN IN THE MARKET SO ADVICED TO STAY CAUTIOUS. METALS AND PHARMA LOOKS LITTLE WEAK. IT, MIIDCAP, EDUCATION, OIL LOOKS STRONG.
TODAY NIFTY IF TRADES ABOVE 4227 THEN WILL LEAD THE MARKET TO 4290 LEVELS AND IF MARKET SUSTAIN AND TRADES ABOVE THEN ONE CAN SEE NIFTY AROUND 4314 LEVELS AND IF NIFTY CLOSES ANYWHERE ABOVE 4256 THEN ONE IS ADVICED TO REMAIN LONG AND CLOSING OF NIFTY ABOVE 4300 IS CONSIDERED TO BE VERY BULLISH AND ONE CAN SEE MARKETS AROUND 4440 (MAX) IN THE NEAR TERM. AND IF NIFTY TRADES BELOW 4211 THEN ONE CAN SEE IT 4164 AND CLOSING BETWEEN 4164 AND 4211 ONE IS ADVICED TO STAY AWAY EXITING ALL THE POSITIONS AS IT IS NO TRADING ZONE AND CLOSING BELOW 4164 ONE HAS TO EXIT THEIR HOLDINGS.

BUY MARUTI SL 1134 TGT 1158/1176
BUY CENTURY SL 402 TGT 424/437/444
BUY LT SL 1366 TGT 1400/1415
BUY HDFCBANK SL 1388 TGT 1407/1427/1442/1458
SELL STER ONLY BELOW 590 SL 602 TGT 571/566/555/541
SELL DR REDDY BELOW 755 SL 766 TGT 737

INTRADAY TIPS FOR 16 JULY 2009

GOOD MORNING!!!

MARKETS EXTENDED TUESDAYS STRONG GAINS TRACKING POSITIVE GLOBAL CUES. FINANCE MINISTER PRANAB MUKHERJEE'S STATEMENT ON TUESDAY THAT COUNTRY AIMS TO RETURN TO A PATH OF FISCAL PRUDENCE TO ENSURE MODERATE INTEREST RATES HAS FURTHER SOOTHED NERVES OF INVESTORS. HIGHER FISCAL DEFICIT HAD BEEN A MAJOR CAUSE OF CONCERN FOR THE INVESTORS. ASIAN STOCKS GAINED FOR A SECOND DAY YESTERDAY, LED BY TECNNOLOGY AND MINING COMPANIES. BANK STOCKS ROSE ON BARGAIN HUNTING AFTER A RECENT STEEP SLIDE TRIGGERED BY DISAPPOINTMENT IN THE BUDGET. CONTRARY TO MARKET EXPECTATIONS, THE GOVERNMENT DID NOT ANNOUNCE FINANCIAL SECTOR REFORMS IN THE BUDGET. MARKET EXPECTATIONS ON FINANCIAL SECTOR REFORMS WERE HIGH. THE GOVERNMENT'S ANNUAL ECONOMIC SURVEY RELEASED AHEAD OF THE BUDGET HAD CALLED FOR A PHASED INCREASE IN THE FOREIGN DIRECT INVESTMENT LIMIT IN BANKS. YESTERDAY WE HAVE SEEN CAPITAL GOODS, AUTO, OIL & GAS, POWER, INFRASTRUCTURE ARE THE TOP GAINERS

TODAY MARKET WOULD OPEN GAP UP AND MAY TOUCH 4300 IF NIFTY MANAGES TO TRADES ABOVE 4256 THEN NIFTY WOULD TOUCH 4339 IN TODAYS TRADE AND ANYTHING CLOSE ABOVE THIS LEVEL THEN MARKET WOULD TAKE NIFTY TO 4387 AT THIS LEVEL MAY SEE GOOD RESISTANCE. FOR NOW MARKET IS LOOKING VERY BULLISH AND GLOBAL QUES ARE SUPPORTING ITS AGGRESSIVE MOVE TOWARDS NORTH. ON THE NEGATIVE SIDE NIFTY ONLY BELOW 4212 MAY COME DOWN TO 4173 ONE CAN SEE SOME DOWN TREND ONLY BELOW 4173 ELSE IT’S A LITTLE RETRACEMENT WHERE ONE SHOULD AVOID SHORTING, IT IS ADVICEBLE TO STAY WITH THE TREND TILL NIFTY BREACHES 4173 LEVELS.

BUY RELIANCE CAPITAL SL 810 TGT 835
BUY RECL SL 175 TGT 183.5
BUY WELSPUN SL 201.9 TGT 209/212/215
BUY ISPAT SL 19.3 TGT 20.5/21.2/21.7/22.3
BUY ESSAR OIL SL 130 TGT 142/146/152
BUY RELIANCE ENERGY SL 1089 TGT 1130/1158/1167
BUY RELIANCE SL 1867 TGT 1909/1932

INTRADAY TIPS FOR 15 JULY 2009

GOOD MORNING!!!
FIRM GLOBAL MARKETS AND FORECAST OF INCREASE IN RAINS IN THE COMING DAYS BOOSTED THE DOMESTIC BOURSES. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES SURGED AFTER A RECENT SHARP FALL. THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET, WAS STRONG. EQUITIES RECOVERED TODAY AFTER A RECENT STEEP SLIDE.

ON THE POSITIVE SIDE:

FINANCE MINISTER PRANAB MUKHERJEE TODAY, 14 JULY 2009, SAID THE ECONOMY IS SHOWING SIGNS OF RECOVERY.
INDIAN METEOROLOGICAL DEPARTMENT'S FORECAST THAT RAINS WILL INTENSIFY IN THE COMING DAYS BOOSTED SENTIMENT AMONG STOCK MARKET INVESTORS.
SHORT COVERINGS MAY COME IN AFTER CROSSING 4200 LEVELS IN NIFTY.

AND ON THE NEGATIVE SIDE:

THE MARKET EXPECTATIONS ARE THAT IN Q1 JUNE 2009, THE 30 STOCKS THAT COMPRISE MUMBAI'S BENCHMARK SENSEX INDEX COULD SEE AN ANNUAL FALL IN SALES OF 4-8% AND FALL IN PROFIT AT BETWEEN 9-13%.

TODAY MARKETS LOOK VOLATILE WITH POSITIVE BIAS. IF NIFTY CROSSES 4149 THEN IT WILL FIND ITS WAY IMMEDIATELY TO 4187 AND IF MANAGES TO STAY ABOVE THIS LEVEL THEN WE CAN SEE NIFTY TO REACH 4228 AND 4264-4290. CLOSE ABOVE 4187 IS CONSIDERED TO BE A BULLISH SIGN AND ONE CAN CONTINUE TO HOLD LONGS STRONGLY WITHOUT HEDGING. AND IF NIFTY FAILS TO CROSS 4150 AND MANAGES TO DROP DOWN TO 4079 THEN WE CAN SEE NIFTY TO GET WEAK AND ONE CAN CONTINUE TO REMAIN SHORT IF NIFTY COMES DOWN TO 4079 AND IF NIFTY CLOSES BELOW 4079 THEN ONE CAN EXIT THEIR LONGS TO THE MAXIMUM AND RETAIN SOME PUTS IN THEIR PORTFOLIO. WATCH OUT FOR INFRASTRUCTURE & CEMENTS

BUY RELINFRA SL 1013 TGT 1088/1120/1160
BUY RELCAP SL 782 TGT 807/814/834
BUY HDFC SL 2354 TGT 2421/2458
BUY DLF SL 295 TGT 307/318/326
BUY MIC ELECTRONICS SL 30 TGT 39/43 (FOR TWO DAYS)

INTRADAY TIPS FOR 14 JULY 2009

GOOD MORNING!!!

THE KEY BENCHMARK INDICES EXTENDED RECOVERY IN MID-AFTERNOON TRADETRACKING RECOVERY IN EUROPEAN STOCKS. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES CUT LOSSES. IT STOCKS GAINED FOR THE SECOND STRAIGHT DAY. REALTY AND METAL STOCKS FELL. THE MARKET BREADTH WAS EXTREMELY WEAK. NIFTY FELL BELOW THE PSYCHOLOGICAL 4,000 MARK AND AS EXPECTED NIFTY CAME DOWN TO 3905 AND OUR TARGETS OF 3892 WHICH HAS ALMOST ACHIEVED AND NOW WE EXPECT A PULL BACK FROM HERE FOR ANOTHER 150 POINTS IN NIFTY AND MAY SEE A CONSOLIDATION FOR A LITTLE WHILE. ONE CANNOT RULE OUT THE DECLINE IN INDEX IS OVER MAY STILL SUCCUMB TO PRESSURE AFTER 150 POINTS RALLY FROM HERE.

TODAY MARKET WILL BE POSITIVELY BIASED, CEMENTS AND BANKING STOCKS EXPECTED TO RALLY IN TODAY’S TRADE AND IS EXPECTED TO OPEN GAP UP AND IF NIFTY TRADES ABOVE 4020 THEN WE CAN SEE IT TO TOUCH 4079 LEVELS IN TODAYS TRADE AND IF NIFTY CLOSES BEYOND 4079 ONE CAN SEE A RALLY TILL 4187 LEVELS IN THE NEXT FEW TRADES. AND ON THE DOWNSIDE NIFTY TRADES BELOW 3912 ONLY THEN ONE CAN GO FOR SHORTS FOR A TARGET OF 3854.
BUY INFOSYS SL 1751 TGT 1785/1800
BUY AXIS BANK SL 740 TGT 780/800/812
BUY HDFC BANK SL 1361 TGT 1399/1418/1432
BUY CAIRN SL 216 TGT 224/228
BUY JSWSTEEL SL 475 TGT 512/524/541
BUY BAJAJHIND ABOVE 131 SL 129 TGT 137/142
BUY DLF SL 262 TGT 280/286/296
BUY ABAN SL 629 TGT 675/704/755
BUY SBI SL 1529 TGT 1564/1597/1650
BUY ICICIBANK SL 625 TGT 678/692

INTRADAY TIPS FOR 13 JULY 2009

GOOD MORNING!!!

A SELL-OFF IN INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL) TRIGGERED A SHARP FALL ON THE BOURSES IN THE LAST ONE HOUR OF TRADE TODAY. POWER, REALTY AND CAPITAL GOODS STOCKS DROPPED. HOWEVER, IT STOCKS HELD FIRM.SENSEX POSTED ITS BIGGEST WEEKLY FALL IN MORE THAN EIGHT MONTHS. THE BENCHMARK INDEX LOST 9.4% IN THE WEEK ENDED FRIDAY, 10 JULY 2009. THE MARKET SURGED IN MID-AFTERNOON AFTER PLANNING COMMISSION DEPUTY CHAIRMAN MONTEK SINGH AHLUWALIA SAID THE RISE IN INDUSTRIAL PRODUCTION IN MAY 2009 IS NOT A SURPRISE AND THE WORST IS OVER FOR INDUSTRIAL OUTPUT. A TOTAL REVERSAL OF TREND WAS WITNESSED LATER AS THE MARKET SLUMPED IN LATE TRADE.

TODAY MARKET WOULD BE NEGATIVELY BIASED AND MAY SEE NIFTY TO REMAIN IN NEGATIVE FOR THE MOST OF THE DAY AND IF IT BREAKS BELOW 3940 LEVELS NIFTY WILL KISS 3891 LEVELS SOON AND BREAK BELOW THIS LEVEL MAY TAKE NIFTY TO THE MOST UNEXPECTED LEVELS AND ONE CAN ONLY REMAIN LONG ONLY ABOVE 4072. IT LOOKS STRONG

SELL ABB 679 SL 693 TGT 652/639/620
RELINFA BELOW 1015 SL 1040 TGT 950
SELL ABAN BELOW 655 SL 679 TGT 633/620

INTRADAY TIPS FOR 10 JULY 2009

GOOD MORNING!!!

THE KEY BENCHMARK INDICES CLOSED FLAT AFTER MOVING BETWEEN POSITIVEAND NEGATIVE TERRAIN THROUGHOUT THE DAY IN WHAT WAS A VOLATILETRADING SESSION THE MARKET WAS VOLATILE. STOCKS EDGED HIGHER IN EARLY VOLATILETRADE AFTER THE INTERNATIONAL MONETARY FUND REVISED UPWARDS INDIA'SGROWTH PROJECTION BY 0.9% FOR 2009 AND 2010. BUT THE MARKET SLIPPEDINTO THE RED IN MID-MORNING TRADE ON CONCERNS OVER PROGRESS OFINDIA'S ANNUAL MONSOON AND WORRIES OVER A POSSIBLE DOWNGRADE OF THECOUNTRY'S SOVEREIGN RATING BY RATING AGENCIES DUE TO HIGH FISCALDEFICIT.. THE MARKET CUT ENTIRE LOSSES IN EARLY AFTERNOON TRADE SOON AFTERGOVERNMENT DATA SHOWED HEADLINE INFLATION HOVERING THE NEGATIVEZONE FOR A FOURTH CONSECUTIVE WEEK. THE MARKET ONCE AGAIN SLIPPEDINTO THE RED IN EARLY AFTERNOON TRADE BEFORE REGAINING POSITIVEZONE.

TODAY NIFTY TO TRADE IN NEGATIVE BIAS AND MARKET BREADTH IS VERY NEGATIVE AND MAY CONTINUE TO REAMAIN NEGATIVE TILL THE LEVELS INDICATED ARE BREACHED. IF NIFTY TRADES BELOW 4029 THEN ONE CAN EXPECT IT TO IMMEDIATELY TAKE SUPPORT AT 3989 AND THEN IF BREACHED AND TRADES THEN ONE CAN EXPECT IT TO TAKE NIFTY TO 3890. AND ON THE UPSIDE ONLY ABOVE 4152 ONE CAN SEE UPSIDE MOVE SO STAY CAUTIOUS ON THE LONG SIDE.

SELL HDFC SL 2335 TGT 2240/2180

GOOD MORNING!!!

THE KEY BENCHMARK INDICES SLUMPED AFTER THE GLOBAL RATING AGENCY STANDARD & POOR'S SAID THERE IS RISK THAT ITS SOVERIEGN CREDIT RATINGS ON INDIA MAY BE LOWERED. WEAK GLOBAL STOCKS ALSO DEAMPENED INVESTORS SENTIMANET. BANKING, METAL, CAPITAL GOODS AND REALITY STOCK LED THE FALL. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES DROPPED IN VOLATILE TRADE. THE BREADTH OF THE MARKET WAS VERY WEAK. THE MARKET CUT LOSSES IN MID-MORNING TRADE ON MEDIA REPOSTS THAT THE GOVERNMENT WILL HAVE ADISINVESTMENT ROAD MAP IN PLACE IN ABOUT THREE MONTHS TO BRIDGE THE HIGH FISCAL DEFICIT. INTRADAY RECOVERY GATHERED FURTHER STEAM IN AFTERNOON TRADE AFTER PLANNING COMMISSION DEPUTY CHAIRMAN MONTEK SINGH AHLUWALIA SAID THE GOVERNMENT'S 2009/2010 BUDGET WAS PRO-GROWTH AND ADDRESSED THE STIMULS NEEDS OF THE ECONOMY DESPITE OF NEWS LIKE THESE MARKET COULDNT SUSTAIN ITS RECOVERY AND THE RECOVERY WAS VERY SHORT LIVED AND THE MARKET SLUMPED IN THE LATE TRADE.

TODAY MARKET WOULD BE VOLATILE MARKET IF TRADES ABOVE 4112 THEN WE MAY SEE RESISTANCE AROUND 4155 LEVELS AND BREAK BELOW 4023 MARKET MAY LEAD TO 3980 AND TRADING BELOW THIS LEVEL MARKET MAY COME DOWN TO 3891.

SELL RELIANCE CAPITAL BELOW 758 SL 771 TGT 740/733

SELL RELINFRA BELOW 1075 SL 1091 TGT 1035/1011/950(ULTIMATE TGT)

WHEN MARKET SLIDES SEE BUYING OPPORTUNITIES IN SESAGOA, NMDC, NTPC & MARUTI FOR INTRADAY.

INTRADAY TIPS FOR 08 JULY 2009

GOOD MORNING!!!

THE KEY BENCHMARK INDICES ON TUESDAY RECOVERED MARGINALLY WITH THE HIGHER EUROPEAN STOCKS AND US INDEX FUTURES. HOWEVER, THE MARKET BREADTH INDICATING THE OVERALL HEALTH OF THE MARKET IS WEAK. WE HAVE SEEN A HIGHLY VOLATILE SESSION ON THE LAST TRADING DAY, WHICH WAS PARTLY A RELAXED SESSION AFTER A LONG NEGATIVE DAY. ONE SHOULD NOT BE SURPRISED IF MARKETS COME DOWN BY ANOTHER 400 POINTS FROM HERE ON. WE WOULD ADVISE ALL THE INVESTORS TO STAY CAUTIOUS AND GO LONG ONLY WHEN IT CROSSES THE LEVELS MENTIONED IN THIS BLOG.

TODAY MARKET LOOKS WEAK, WE CAN SEE A NEGATIVE OPENING AND THERE ARE HARDLY ANY CHANCES OF REBOUND IN THE MARKET. IF NIFTY CROSSES ABOVE 4229 THEN WE CAN EXPECT NIFTY TO GO UP TO 4282 AND IF NIFTY BREACHES 4160 THEN WE CAN SEE NIFTY AT 4128 AND IF NIFTY TRADES BELOW THIS LEVEL ONE CAN SEE NIFTY TO TAKE SUPPORT AT 4023 AND FURTHER CLOSING BELOW THIS LEVEL WOULD BRING NIFTY TO 3800 LEVELS IN A VERY SHORT TIME. TODAY CEMENT STOCKS AND TEXTILES LOOK GOOD FOR BUYING.

INTRADAY TIPS FOR 07 JULY 2009

GOOD MORNING!!!

WELCOME TO THE NEW BEGINING AGAIN, AFTER A DISAPPOINTMENT OVER ECONOMIC REFORMS IN THE UNION BUDGET 2009-2010 RESULTED IN HEAVY SELLOFF IN KEY BENCHMARK INDICES. WEAK GLOBAL STOCKS ALSO WEIGHED ON THE INVESTORS SENTIMENT, BANKING, CAPITAL GOODS, POWER, METAL AND REALITY STOCKS LED TO THE DECLINE. INVESTORS WERE DISAPPOINTED AFTER THE BUDGET PRESENTATION AS THE BUDGET DIDNT CONTAIN ANY MAJOR REFORMS SUCH AS INCREASE IN FORIEGN DIRECT INVESTMENT IN INSURANCE SECTO AND DECONTROL OF FUEL PRICES AND ANOTHER MAJOR IMPORATANT ISSUE WAS DIVESTMETN NOTHING FAVOURED THE MARKETS. A SMALL DIVESTMENT OF 1120 CRORES FOR THE FINANCIAL YEAR ENDING 2010 WAS NO LUCRATIVE ISSUE FOR THE MARKETS TO REACT. A SHARPLY HIGHER FISCAL DEFICT TARGET TO 6.8% FOR THE FINANCIAL YEAR ENDING 2010 AFTER INCREASED SPENDING ON ROADS, POWER AND AID TO THE POOR. OVERALL NOTHING WAS IN FAVOUR OF BULLS IN THE MARKET.

TODAY MARKET WOULD REMAIN WEAK WITH HIGHLY VOLATILE SESSION. MARKET STRUCTURALLY HAS BECOME WEAK AND CONTINUE TO REMAIN WEAK FOR SOME MORE TIME AS THERE WAS NO CORRECTION AS WELL FROM 3600 LEVELS AND THE MARKET HAS BEEN WAITING WITHOUT CORRECTION SINCE ONE MONTH PRIOR TO ELECTIONS AND INVESTORS WERE WAITING FOR THE BUDGET WITH SOME EXPECTATIONS AND EVERYTHING WENT AGAINST AND NOW WE MAY SEE CORRECTION FROM THIS POINT ONWARDS FOR SOMETIME I WOULD SUGGEST A SMALL PULL BACK SHOULD NOT BE TREATED AS BULLISH TREND ANY PULL BACK JUST CONSIDER IT FOR SELLING WITH STRICT STOPLOSS. SELL THE WEAKEST STOCK AND BUY THE STRONGEST STOCKS. EXCEPT PHARMA NOTHING LOOKS GOOD FOR HOLDING IN THIS MARKET. IF NIFTY TODAY TRADES ABOVE 4163 THEN WE CAN SEE IT AROUND 4229 - 4256 AND IF NIFTY TRADES BELOW 4150 THEN WE CAN EXPECT IT TO COME DOWN TO 4101 AND THEN TO 4070.

SELL RELCAP SL 851 TGT 822/813/801

SELL LT SL 1481 TGT 1450/1436/1428

SELL TATASTELL SL 406 TGT 390/382

BUY RANBAXY & CIPLA

INTRADAY TIPS FOR 06 JULY 2009

GOOD MORNING!!!

KEY BENCHMARK INDICES ROSE FOR THE THIRD DAY AFTER RAILWAY MINISTER HAS PRESENTED THE BUDGET WITH THE INCULSION TO IMPROVE INFRASTRUCTURE FACILITIES ACROSS THE COUNTRY IN THE BUDGET, MARKET FROM NEGATIVE BREADTH SWUNG INTO POSITIVE TERRITORY. THERE WAS GOOD NUMBER OF SHORT COVERING WHICH TOOK PLACE ON FRIDAY WHICH INDICATES THAT EXPECTATIONS TOWARDS BUDGET ARE STILL POSITIVE THOUGH THE RATING TOWARDS IT WAS AVERAGE TO BELOW AVERAGE. WE EXPECT THIS POSITIVE MOVE MAY TRIGGER ANOTHER 700 POINTS IN NIFTY PROVIDED UNION BUDGET IS WITHIN THE EXPECATATIONS OR ANY UNPRECEDENTED GOOD NEWS IN THE BUDGET ELSE MARKET MAY GO DOWN BY 700 POINTS IF THERE IS ANY UNPRECEDENTED NEWS ON THE NEGATIVE SIDE SO HEDGE YOUR POSITIONS INITIALLY TILL BUDGET LATER YOU CAN DEFINITELY KNOW THE DIRECTION OF THE MARKET AND WOULD REMAIN IN THE SAME DIRECTION FOR ENTIRE NEXT WEEK WITHOUT ANY RETRACEMENT OR PROFIT BOOKING. TRADE AND INVEST WISELY.

TODAY, MARKET WOULD OPEN IN POSITIVE AND WOULD BE HIGHLY VOLATILE TILL BUDGET IS PRESENTED. IF NIFTY TRADES ABOVE 4430 THEN WE CAN SEE NIFTY AT 4483 AND IF BREACHED THIS LEVEL WILL TAKE NIFTY TO 4537 AND THEN 4567 IN TODAYS TRADE AND IF NIFTY BREAKS BELOW 4382 THEN IT WILL COME DOWN TO 4329 AND THEN 4282 AND IF NIFTY TRADES BELOW 4280 FOR FEW MINUTES THEN CAN SEE NIFTY AT 4229. MARKET STRUCTURALLY VERY STRONG AND SEEMS WITH A LITTLE POSITIVE IMPACT MAY TRIGGER NIFTY TO 4800-5000 LEVELS IN A VERY SHORT SPAN OF TIME.

BUY DLF ABOVE 335 SL 329 TGT 343/353

BUY HDFC ABOVE 2580 SL 2559 TGT 2620/2648/2699

BUY IDFC ABOVE 145 SL 142.40 TGT 149/155

BUY NTPC ABOVE 206 SL 200.90 TGT 209/211/221

BUY RELINFRA ABOVE 1290 SL 1274 TGT 1320/1348

BUY CIPLA ABOVE 260 SL 257 TGT 267/271/274

BUY WIPRO ABOVE 385 SL 381 TGT 391/397.

INTRADAY TIPS FOR 03 JULY 2009

GOOD MORNING!!!

TODAY VOLATALITY WOULD REMAIN IMMENSE. WE HAVE WITNESSED SELLING IN ALSMOST ALL THE COUNTERS IN THE LAST HALF AN HOUR OF TRADE WHICH CLEARLY IMPLIES THAT THERE WOULD BE SELLING SPREE CONTINUING EVEN TODAY ON THE PROFIT BOOKING SIDE AND THERE WOULD BE SOME BUYING AHEAD OF BUYUING TOO ONLY ON THE LEVELS MENTIONED BELOW. TODAY VOERALL MARKET LOOKS WEAK AND HIGHLY VOLATILE SO BE VERY CAUTIOUS. IF NIFTY TODAY TRADES BELOW 4345 THEN WE CAN SEE IT TO MOVE UPTO 4389 AND IF IT SUSTAINS THIS POINT AND TRADES ABOVE THEN CAN TAKE IT TO 4440 WHICH IS REMOTE AND IF NIFTY CLOSES ABOVE 4389 ONE CAN STAY LONG. AND IF NIFTY TRADES BELOW 4325 THEN IT IS EVIDENT THAT WE CAN SEE NIFTY AROUND 4315 AND IF IT SUSTAINS BELOW THIS LEVEL WE CAN SEE SOME MORE PANIC SELLING AND CLOSING BELOW 4260 LEVEL ONE CAN TAKE SHORT POSTIONS CLOSING ALL LONGS. BUT ON THE LONGS INFRASTURE, POWER, FERTILIZERS AND PSU ARE EXPECTED TO BE GOOD BETS.

BUY TATAPOWER ABOV E 193 SL 187 TGT 200/204/210

BUY ONGC ABOVE 1124 SL 1112 TGT 1140/1149/1162

SELL TATA MOTORS BELOW 296 SL 301 TGT 288/284/280

SELL BHEL BELOW 2160 SL 2176 TGT 2140/2132/2120

INTRADAY TIPS FOR 02 JULY 2009

GOOD MORNING!!!
YESTERDAY WITH FIRM OPENING IN EUROPEAN STOCKS AND GAINS IN US INDEX FUTURES LIFTED INDIAN STOCKS AND FRESH BUYING IN INDEX HEAVY WEIGHTS PROPELLED KEY BENCHMARK INDICES DAYS HIGH IN THE MIDAFTERNOON TRADE. BUT HIGH VOLATALITY WAS THE HALLMARK OF THE TRADING SESSION BUT AT THE END INDICES LOGGED DECENT SWINGS EITHER WAYS THROUGHOUT THE DAY REALITY AND BANKING SHARE WERE AT THE FOREFRONT OF THE RALLY.

TODAY MARKET WOULD BE POSITIVE WITH HIGH VOLATALITY AHEAD OF BUDGETS. TODAY IF NIFTY TRADES ABOVE 4385 THEN WOULD FACE RESISTANCE AT 4435 AND 4480 AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 4350 THEN IT IS LIKELY TO COME DOWN TO 4312 AND THEN 4260.
WATCH FOR STOCKS LIKE KERNEX MICROSYSTEMS, TEXMACO, TITAGARH WAGAONS, KALINDEE RAIL NIRMAN ENGINEERS AND BEML AS THESE ARE PURELY ASSOCIATED WITH RAILWAYS.
BUY AXIS BANK ABOVE 865 SL 854 TGT 880/889/899
BUY M&M ABOVE 712 SL 699 TGT 725/734
BUY BPCL ABOVE 453 SL 443 TGT 464/472
BUY NEYVELLIGNITE 128 SL 122 TGT 135/138
BUY APTECH 178 SL 166 TGT 189/194

INTRADAY TIPS FOR 01 JULY 2009

GOOD MORNING!!!

AS EXPECTED INDICES WERE EXACTLY WITH OUR PRIDICTIONS. THE KEY BENCHMARK INDICES RETREATED FROM THE DAYS HIGH TO SLIDE INTO THE NEGATIVE ZONE ON PROFIT BOOKING ON ACCOUNT OF SLOWDOWN IN INFRASTRUCTURE SECTOR GROWTH DATA, MAJOR SET BACK FOR THE MARKET WAS INFRASTRUCTURE STOCKS DECLINE ON PROFIT BOOKING FROM THE RECENT GAINS. MARKET TURNED FROM STRONG OPENING TO A VERY WEAK CLOSING.

KEY EVENTS TO WATCH OUT IN THE MARKET ARE :-

1. UNION BUDGET ABOUT TO BE PRESENTED ON 06 JULY 09

2. ANNUAL ECONOMIC SURVEY IS SCHEDULED TO BE PRESENTED ON 02 JULY 2009

3. RAIL BUDGET ON 03 JULY 09

4. CORPORATE SECTOR IS EXPECTING A REMOVAL OF FRINGE BENEFIT TAX IN THE BUDGET. UNDER THE CURRENT DISPENSATION, AN EMPLYER HAS TO PAY FBT AT 30% ON THE FRINGE BENEFIT, THE TAXABLE VALUE OF WHICH IS DETERMINED IN ACCORDANCE WITH A FORMULA. FBT IS A TAX LEVIED ON PERQUISITES OR FRINGE BENEFITS PROVIDED BY AN EMPLOER TO HIS EMPLOYEES.

5. DOMESTIC BROKERAGES AND FUND HOUSES WANT THE GOVERNMENT TO REMOVE SECURITIES TRANSACTION TAX (STT) ON TRADING IN SECURITIES IN THE BUDGET. SEBI HAS ALREADY FORWARDED THE DEMAND OF BSE AND NSE IN THIS REGARD TO FINANCE MINISTER.

6. INVESTORS WILL ALSO BE KEENLY WATCHING FOR THE OUTCOME OF THE EMPLOYEES PROVIDENT ORGANISATION (EPFO'S) ADVISORY BODY MEET ON 04 JULY 2009. THE CENTRAL BOARD OF TRUSTEES (CBT) WILL TAKE A VIEW ON FINANCE MINISTRY'S PROPOSAL TO INVEST 15% OF ITS CORPUS IN THE EQUITY. THE EPFO HAS A CORPUS OF ABOUT RS 1,82,000 CRORES AND THE PERMISSION TO INVEST 15% FUNDS (27300 CR) IN EQUITY COULD HAVE POSITIVE IMPLICATIONS FOR THE CAPITAL MARKET. A PROPOSAL TO PARK FUNDS IN THE STOCK MARKET WAS EARLIER REJECTED BY THE EPFO'S FINANCE AND INVESTMENT COMMITTEE (FIC) AT ITS MEETING ON 26 MARCH 2009.

TODAY MARKETS WOULD OPEN IN RED AND WOULD REMAIN RANGE BOUND, THIS IS A VERY GOOD BUYING OPPORTUNITY IN SECTORS LIKE INFRASTRUCTURE, POWER AND FERTILIZERS ONE CAN INITIATE LONGS IN THESE SECTORS, TRY TO ACCUMULATE WHEN MARKET IS DOWN. IF NIFTY TRADES BELOW 4287 THEN IT WILL TAKE GOOD SUPPORT AT 4240 AND IF NIFTY HAPPENS TO TRADE BELOW 4220 LEVELS THEN IT IS WISE TO HEDGE YOUR LONGS WITH EQUAL PROPORTIONS ELSE STAY LONG WITH 3:1 HEDGING STRATEGY, ON THE UPSIDE IF NIFTY TRADES ABOVE 4340 THEN IT IS LIKELY TO REBOUND TO 4394 AND FACE RESISTANCE AND IF MANAGES TO TRADE AND CLOSE ABOVE 4400 THEN THERE IS EVERY POSSIBILITY THAT IT WOULD BREACH THE RECENT HIGHS. IF MARKET MANAGES TO GET ANY POSITIVE RESPONSE FROM THE ABOVE QUOTED 6 EVENTS, MARKET LIKELY TO HIT NEWS HIGHS AND MY FIRST TARGET WOULD BE 4900 AND MARKET WILL START MAKING HIGHER HIGHS.

BUY DR REDDY ABOVE 780 SL 769 TGT 792/802/814

BUY CHAMBAL FERTILIZERS SL 66 TGT 69/71/73/80

SELL TULIP 850 SL 857 TGT 830/818
RELCAP BELOW 900 SL 911 TGT 886/875/866

RELINFRA BELOW 1200 SL 1211 TGT 1181/1162/1123

TATAMOTORS BELOW 292 SL 296 TGT 285/278/272