INTRADAY TIPS FOR 31 AUGUST 2009

GOOD MORNING!!!

MARKETS JUMPED UP 7.5% IN THE LAST SEVEN TRADING SESSIONS ALONG WITH WORLD MARKETS. CNX NIFTY HAS HIT ITS HIGHEST CLOSING LEVEL IN NEARLY 15 MONTHS.REVIVAL OF MONSOON RAINS, HIGHER EUROPEAN STOCKS AND GAINS IN US INDEX FUTURES BOOSTED THE DOMESTIC BOURSES ON FRIDAY. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES ROSE. METALS, BANKING AND REALTY STOCKS EDGED HIGHER. REVIVAL OF MONSOON RAINS BOOSTED SENTIMENT. INDIA'S MONSOON RAINS WERE 5% BELOW AVERAGE IN THE WEEK TO 26 AUGUST 2009, COMING IN CLOSE TO NORMAL FOR THE SECOND SUCCESSIVE WEEK AFTER A PROLONGED DRY SPELL, THE METEOROLOGICAL DEPARTMENT SAID ON THURSDAY, 27 AUGUST 2009. RAINFALL SINCE 1 JUNE TO 26 AUGUST WAS 25% BELOW NORMAL, IMPROVING SLIGHTLY FROM A DEFICIT OF 26% A WEEK EARLIER.

TODAY MARKET WOULD BE RANGE BOUND WITH POSITIVE BIAS. IF NIFTY TRADES ABOVE 4745 THEN WILL MOVE TO 4790 AND SUSTAIN ABOVE 4790 WILL LEAD THE MARKET TO NEW HIGHS AND CLOSE ABOVE 4825 ONE CAN RETAIN ALL THE POSITIONS FOR THE NEXT DAY IF NIFTY TRADES BELOW 4715 THEN WE CAN SEE NIFTY TO SLIDE DOWN TO 4680 AND CLOSING BELOW 4670 ONE IS ADVICED TO EXIT LONGS.

NO RECOS TODAY

INTRADAY TIPS FOR 28 AUGUST 2009

GOOD MORNING!!!

INDICES CLOSED WITH SMALL GAINS AND EXTENDING GAINS FOR THE STRAIGHT SIXTH DAY THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET, WAS POSITIVE. CAPITAL GOODS STOCKS ROSE. IT STOCKS GAINED AFTER THE TOP THREE ITFIRMS WON A LARGE ORDER FROM BRITISH PETROLEUM. REALTY STOCKS FELL. THE MARKET RECOVERED AFTER AN EARLY SLIDE TRIGGERED BY WEAK GLOBAL STOCKS. THE INDICES MOVED INTO POSITIVE ZONE IN MORNING TRADE. IT SLIPPED INTO THE RED AGAIN LATER. THE MARKET ONCE AGAIN MOVED INTO THE GREEN FROM RED IN EARLY AFTERNOON TRADE. THE MARKET EXTENDED GAINS IN AFTERNOON TRADE. THE MARKET PARED GAINS IN MID-AFTERNOON TRADE. VOLATILITY WAS HIGH IN LATE TRADE WITH THE SENSEX ALTERNATIVELY MOVING BETWEEN POSITIVE AND NEGATIVE ZONE AS TRADERS ROLLED OVER POSITIONS IN THE DERIVATIVES SEGMENT FROM AUGUST 2009 SERIES TO SEPTEMBER 2009 SERIES. THE GOVERNMENT'S IMMEDIATE OBJECTIVE IS TO REVERSE DECLINING EXPORTS AND THE TRADE POLICY WILL GIVE THRUST TO EMPLOYMENT ORIENTED SECTORS, COMMERCE MINISTER ANAND SHARMA SAID TODAY AT THE TIME OF UNVEILING A TRADE POLICY FOR THE FIVE YEARS ENDING MARCH 2014. THE MINISTER SAID HE EXPECTS EXPORTS TO GROW 15% IN FISCAL YEAR ENDING MARCH 2011. THE GOVERNMENT WILL CONTINUE A TAX REFUND SCHEME FOR EXPORTERS UNTIL DECEMBER 2010 WHILE A DUTY-FREE EXPORT PROMOTION SCHEME WILL BE VALID UNTIL MARCH 2011, SHARMA SAID ON THURSDAY.

TODAY IF NIFTY TRADES BELOW 4663 THEN WE MAY SEE A DECLINE TO 4630 AND IF IT BREAKS AND TRADES THEN IT WILL MOVE TO 4600 AND ON THE UPSIDE IF NIFTY TRADES ABOVE 4693 THEN WE CAN SEE NIFTY TO MOVE UP TO 4730 AND THEN TO 4741 AND IF NIFTY BREAKS 4741 AND CLOSES THEN WE CAN SEE NIFTY TO MOVE UP TO NEW HIGHS AND MAY SEE A TARGET OF 4800-5000-5200 IN NEAR TERM.

BUY ANANTRAJ INDS SL 145 TGT 160/165
BUY VIDECON SL 237 TGT 250/255
BUY SRF SL 152 TGT 160/164
BUY BRFL SL 202 TGT 211/214
POSITIONAL TRADES

BUY KALINDEE RAIL NIRMAN (ENGINEERS) LTD AT 141.5 TGT 215**
BUY KOHINOOR FOODS AT 57 TGT 72
BUY VARUN SHIPPING AT 58 TGT 73
BUY BINANI CEMENT AT 61 TGT 77
BUY NITCO LTD AT 63 TGT 79
BUY ESSAR SHIPPING PORTS AND LOGISTICS AT 66 TGT 83

INTRADAY TIPS FOR 27 AUGUST 2009

GOOD MORNING!!!

INDICES EXTENDED GAINS FOR THE FIFTH DAY IN A ROW AFTER THE FINANCE MINISTER SAID ECONOMIC REFORMS WOULD BOOST GROWTH. SHARE FROM THE IT PACK LED THE RALLY TO THE MAXIMUM ALONG WITH REALTY, METAL AND POWER STOCKS ALSO ATTRACTED BUYING DEMAND. HOWEVER, BANKING SHARES WERE ON SELLING PRESSURE DUE TO PROFIT BOOKING. FMCG AND SELECT AUTO SHARES ALSO DIPPED ON PROFIT BOOKING. THE MARKET WAS VOLATILE. AFTER AN EARLY SURGE TRIGGERED BY STRONG US ECONOMIC DATA, THE MARKET CAME OFF THE HIGHER LEVEL. IT REGAINED STRENGTH LATER. THE MARKET ERASED ALMOST ITS ENTIRE INTRADAY GAINS IN EARLY AFTERNOON TRADE AFTER THE LATEST DATA SHOWED A SLOWDOWN IN INFRASTRUCTURE SECTOR GROWTH. THE MARKET SURGED LATER AS EUROPEAN STOCKS RECOVERED FROM AN INITIAL SLIDE. THE MARKET RETRACED FROM THE DAY'S HIGH ON PROFIT BOOKING AFTER A RECENT STRONG RALLY. THE MARKET MOVED IN A RANGE IN LATE TRADE.

TODAYTHE KEY BENCHMARK INDICES MAY DECLINE TRACKING WEAK GLOBAL CUES AS INVESTORS MAY BOOK PROFITS AFTER RECENT SURGE IN INDICES. VOLATILITY MAY REMAIN HIGH TODAY AS TRADERS ROLL OVER POSITIONS IN THE DERIVATIVES SEGMENT FROM AUGUST 2009 SERIES TO SEPTEMBER 2009 SERIES, AHEAD OF THE EXPIRY. THE MARKET WILL KEENLY WATCH FOREIGN TRADE POLICY TO BE ANNOUNCED BY THE COMMERCE MINISTER ANAND SHARMA TODAY. THE FOREIGN TRADE POLICY IS WIDELY EXPECTED TO CONTAIN SOPS FOR LABOUR INTENSIVE SECTORS LIKE GEMS AND JEWELLERY, TEXTILES AND LEATHER. INDIA'S EXPORTS IN THE LAST 10 MONTHS HAVE BEEN SLIDING STEADILY BY MORE THAN 25 PER CENT.

IF NIFTY TRADES ABOVE 4700 ONE CAN GO LONG FOR A TARGET OF 4741 AND BREAK BELOW 4641 THEN MARKET MAY SEE 4600. IT IS WISE TO TRADE WITH STRICT STOPLOSS AND BOOK PROFITS AT REGULAR INTERVALS. ONE IS ADVICED TO STAY CAUTIOUS IN TODAYS MARKET AND TEXTILES, GEMS JEWELLERY IS EXPECTED TO HAVE HIGH VOLATILITY WITH POSITIVE BIAS SO STAY FOCUSED ON THESE SECTORS.

BUY EVERONN SYSTEMS SL 388 TGT 404/411
BUY ALOK INDS SL 20.5 TGT 23.5/24.5
BUY ABAN AT 1520 SL 1485 TGT 1630/1725
BUY ZEEL AT 215 SL 212.8 TGT 226/233
BUY TECHM AT 914 SL 904 TGT 936/949
BUY ARVIND MILLS SL 30.9 TGT 33.45

BUY JAYASWAL NECO INDS LTD TGT 35/48(MEDIUM TERM)

INTRADAY TIPS FOR 26 AUGUST 2009

SUSTAINED BUYING DEMAND IN INDEX PIVOTALS HELPED KEY BENCHMARK INDICES EXTEND GAINS FOR THE FOURTH DAY IN WHAT WAS A HIGHLY CHOPPY TRADING SESSION. INDICES LOGGED DECENT GAINS AS PIVOTALS REBOUNDED AFTER AN EARLY SLIDE WITH SOFTWARE STOCKS LEADING THE RECOVERY. VOLATILITY WAS HIGH AS TRADERS ROLLED OVER POSITIONS FROM AUGUST 2009 SERIES TO SEPTEMBER 2009 SERIES IN THE DERIVATIVES SEGMENT AHEAD OF THE EXPIRY OF AUGUST 2009 CONTRACTS ON THURSDAY, 27 AUGUST 2009. AFTER A WEAK OPENING TRIGGERED BY LOWER ASIAN STOCKS, THE MARKET SOON STAGED A REBOUND FROM LOWER LEVEL RECOUPING MOST OF THE EARLY LOSSES. HOWEVER, THE RECOVERY PROVED SHORT-LIVED. THE MARKET WEAKENED IN MID-MORNING TRADE. AFTER HITTING A FRESH INTRADAY LOW, THE MARKET BOUNCED BACK ONCE AGAIN IN EARLY AFTERNOON TRADE AS CHINESE STOCKS RECOVERED AFTER A STEEP INTRADAY FALL. COMMENTS BY STATE BANK OF INDIA CHAIRMAN THAT THE BIGGEST COMMERCIAL BANK IN TERMS OF BRANCH NETWORK IS UNLIKELY TO RAISE LENDING RATES IN THE NEXT SIX MONTHS, ALSO BOOSTED SENTIMENT. THE MARKET SLIPPED INTO THE RED FOR A SHORT WHILE IN MID-AFTERNOON TRADE BEFORE REGAINING POSITIVE ZONE. GAINS IN INDEX HEAVYWEIGHTS RELIANCE INDUSTRIES(RIL) AND LARSEN & TOUBRO (L&T) PUSHED THE SENSEX TO A FRESH INTRADAY HIGH IN MID-AFTERNOON TRADE.

TODAY MARKET LOOKS VOLATILE WITH HIGHLY RANGE BOUND TRADING. IF NIFTY SUSTAINS ABOVE 4680 THEN IT CAN LEAD THE MARKET TO 4740 LEVELS AND ON THE DOWN SIDE IF NIFTY TRADES BELOW 4625 THEN WE CAN SEE NIFTY TO TOUCH 4585 LEVELS. STAY CAUTIOUS IN THE MARKET AND PLAY WITH STRICT STOPLOSS. KEEP AN EYE ON TECH STOCKS AND CAPITAL GOODS. BANKING STOCKS LOOKS WEAK.

BUY LT SL 1554 TGT 1586
BUY TECH MAHINDRA SL 867 TGT 933/945
BUY TRANSFORMERS AND RECTIFIERS SL 340 TGT 355/362
BUY POLARIS SL 148 TGT 155/159
BUY NIIT TECH SL 132 TGT 140/142
POSITIONAL TRADES
BUY BF UTILITIES AROUND 900 TGT 1500/2000/2500***
BUY IFGL REFRACTORIES AT 26 TGT 50/60

INTRADAY TIPS FOR 25 AUGUST 2009

GOOD MORNING!!!

NDICES EXTENDED GAINS FOR THE STRAIGHT THIRD DAY BY STRONG GLOBAL CUES. WITH SHARES FROM REALTY, METAL AND CAPITAL GOODS SHARES IN FOREFRONT. STOCKS ACROSS THE GLOBE SURGED WITH EUROPEAN AND ASIAN STOCKS ADVANCING TO A 10-MONTH HIGH TODAY, 24 AUGUST 2009. THE US INDICES RALLIED ON FRIDAY, 21 AUGUST 2009 WITH THE S&P 500 AND THE NASDAQ STRIKING 10-MONTH HIGHS IN INTRADAY TRADE, WHILE THE DOW INDUSTRIALS HIT ITS HIGHEST LEVEL IN NINE MONTHS. THE MARKET BREADTH WAS STRONG ON BSE WITH SMALL AND MID-CAP STOCKS ALSO PARTICIPATING IN THE RALLY. TODAY'S ADVANCE WAS BROAD BASED WITH ALL BSE SECTORAL INDICES EDGING HIGHER. VOLATILITY MAY RISE AHEAD OF THE EXPIRY OF THE AUGUST 2009 SERIES ON THURSDAY, 28 AUGUST 2009. EUROPEAN MARKETS HIT HIGHEST LEVEL SINCE MID-OCTOBER 2008 TODAY, 24 AUGUST 2009 BUOYED BY RENEWED HOPES THAT THE GLOBAL ECONOMIC RECOVERY IS GATHERING PACE. ASIAN STOCKS RALLIED LIFTING WORLD SHARES TO A 10-MONTH HIGH, AFTER UPBEAT US HOUSING DATA AND OPTIMISTIC COMMENTS FROM FEDERAL RESERVE CHAIRMAN BEN BERNANKE SPURRED BUYING OF RISKIER ASSETS. KEY BENCHMARK INDICES IN CHINA, SOUTH KOREA, JAPAN, HONG KONG, SINGAPORE AND TAIWAN WERE UP BY IN THE LAST TRADING DAY.TODAY WITH GLOBAL QUES LOOKING WEAK WITH CHINA AND OTHER INDEXES DOWN BY 2 ODD PERCENT MAY OPEN NEGATIVE BUT THE STRONG RALLY WILL LEAD THE MARKET AGAIN TO A HEALTHY ZONE OF BUYING AND BUYING SPREE MAY CONTINUE WITH PROFIT BOOKING AT EVERY HIGHER INTERVALS ONE CAN LOOK AT MARKET ON A POSITIVE SIDE AND BUY ON EVERY DECLINE KEEPING 4480 AS STOPLOSS IN NIFTY.

TODAY MARKET WOULD OPEN NEGATIVE AND IT WOULD BE RANGE BOUND WITH THE SETTLEMENT AHEAD. IF NIFTY CROSSES TRADES BELOW 4600 AND TRADE THEN NIFTY WILL TAKE A SUPPORT AT 4565 AND BREAK BELOW THIS LEVEL WILL TAKE NIFTY TO 4529 AND ANY THING CLOSE BELOW 4529 IS ADVISED TO EXIT LONGS AND CLOSE BELOW 4480 ONE CAN GO SHORT. AND ON THE LONG SIDE IF NIFTY CROSSES 4662 THEN MARKET CAN RALLY TO 4706 AND BREAK ABOVE THIS LEVEL WOULD TAKE NIFTY TO 4740 CLOSE ABOVE 4700 IS CONSIDERED TO BE VERY BULLISH AND ONE CAN EXPECT MARKET TO CROSS 5000 LEVELS IF NIFTY CLOSES ABOVE 4700 LEVELS.

SELL ICICI BANK SL 772 TGT 752/743
BUY CESC SL 341 TGT 352/360
BUY MAHINDRA HOLIDAY SL 344 TGT 357/362
BUY LT AT 1535 SL 1524 TGT 1555/1567
BUY TATAMOTORS ABOVE 462 SL 458 TGT 467/472
BUY ASHOK LEYLAND AT 37.5 TO 38 SL 36.9 TGT 39/41
BUY SPANCO TELESYSTEMS TGT 75/90 (MEDIUM TERM)
BUY VALECHA ENGINEERING TGT 110/140 (MEDIUM TERM)

INTRADAY TIPS FOR 24 AUGUST 2009

GOOD MORNING!!!
TODAY MARKET LOOKS POSITIVE AND NIFTY EXPECTED TO BREAK 4700 IN NEXT TWO TRADING SESSIONS. ONLY BELOW 4480 ONE SHOULD EXIT ELSE STAY LONG. TODAY REALITY, BANKING AND TEA STOCKS WILL OUTPERFORM KEEP CLOSE EYE ON TEA STOCKS.

BUY YES BANK SL 169 TGT 178/184/190
BUY TATAMOTORS SL 429 TGT 442/445
BUY ABAN SL 1179 TGT 1206/1237/1258
BUY IBREAL SL 254 TGT 265/277
BUY HARRISON MAL SL 98 TGT 107/111
BUY ICICI BANK SL 738 TGT 759/770
BUY TATA STEEL SL 439 TGT 456/462
BUY HEROHONDA SL 1464 TGT 1498/1514
BUY SPANCO TELESYSTEMS TGT 79/92 (MEDIUM TERM)

INTRADAY TIPS FOR 21 AUGUST 2009

GOOD MORNING!!!
FIRM GLOBAL STOCKS HELPED INDIAN STOCKS EDGE HIGHER IN WHAT WAS A VOLATILE TRADING SESSION. THE BAROMETER INDEX BSE SENSEX REGAINED THE PSYCHOLOGICAL 15,000 LEVEL WITHIN A DAY AFTER FALLING BELOW THAT MARK ON WEDNESDAY, 19 AUGUST 2009. THE BSE 30-SHARE SENSEX JUMPED 202.68 POINTS OR 1.37%, OFF 132.68 POINTS FROM THE DAY'S HIGH AND UP 84.14 POINTS FROM THE DAY'S LOW. BUT THE UPMOVE WAS ON THE BACK OF LOWER TURNOVER. AS PER PROVISIONAL DATA, FOREIGN FUNDS TODAY, 20 AUGUST 2009, SOLD STOCKS WORTH A NET RS 438.19 CRORE. DOMESTIC FUNDS BOUGHT EQUITIES WORTH A NET RS 489.42 CRORE STOCKS ROSE ACROSS THE GLOBE LED BY A NEAR 5% RALLY IN CHINA'S SHANGHAI COMPOSITE INDEX. CLOSER HOME, AUTO, METAL, AND BANKING SECTOR STOCKS HOGGED LIMELIGHT. ALL SECTORAL INDICES ON BSE LOGGED GAINS. ADANI POWER SETTLED AT RS 100.05 ON BSE, A MARGINAL PREMIUM TO ITS THE INITIAL PUBLIC OFFER (IPO) PRICE OF RS 100 PER SHARE. INDEX HEAVYWEIGHT L&T CAME SHARPLY OFF THE HIGHER LEVEL IN LATE TRADE SOON AFTER GLOBAL RATING AGENCY MOODY'S CUT ITS RATING OUTLOOK ON THE STOCK FROM STABLE TO NEGATIVE

TODAY MARKET WOULD BE HIGHLY RANGE BOUND AND INDEX WILL HOVER ON POSITIVE AND NEGATIVE TERRAINS ONE CAN GO LONG IN NIFTY ONLY IF NIFTY TRADES ABOVE 4495 FOR A TARGET OF 4540 AND BREAK ABOVE THIS LEVEL WOULD TAKE NIFTY TO 4576 AND CLOSING ABOVE 4495 ONE CAN EXIT SHORT AND CLOSE ABOVE 4512 ONE CAN TAKE LONG POSITIONS AND CARRY FOR THE NEXT DAY. AND ON THE NEGATIVE SIDE IF NIFTY BREACHES 4430 THEN WILL HEAD TOWARDS 4392 AND BREAK BELOW THIS LEVEL NIFTY WOULD TAKE SUPPORT AROUND 4332 LEVELS AND CLOSING ANYTHING BELOW 4350 ONE CAN EXPECT NIFTY TO TOUCH 4230 IN NEXT COUPLE OF TRADING DAYS.

BUY MARUTI SL 1355 TGT 1384/1400
BUY CAIRN SL 238 TGT 245/249
BUY WELSPUN SL 208 TGT 216/219 (ONE CAN HOLD IT POSITIONALLY FOR TGT 300++)***
BUY GENESYS AT 92 SL 89 TGT 100++(ONE CAN HOLD POSITIONALLY FOR A TGT OF 140)

POSITIONAL TRADES
BUY NOIDA TOLL SL 38 TGT 41.50/42.70
BUY MAN INDUSTRIES AT 49.5 TGT 62
BUY USHA MARTIN AT 52.10 TGT 66
BUY JINDAL STAINLESS SL 76.4 TGT 96
BUY RESURGERE MINES AND MINERALS INDIA LTD AT 79 TGT 99
BUY RATNAMANI METALS AND TUBES LTD AT 81.65 TGT 103

INTRADAY TIPS FOR 20 AUGUST 2009

GOOD MORNING!!!

KEY BENCHMARK INDICES EDGED LOWER IN CHOPPY TRADE AS WORLD STOCKSFELL LED BY A SHARP SLIDE IN CHINESE STOCKS. CLOSER HOME, SCANTYRAINS, CRUCIAL FOR INDIA'S DOMESTIC DEMAND DRIVEN ECONOMY, WEIGHEDON INVESTOR SENTIMENT. VOLATILITY IN INDEX HEAVYWEIGHT RELIANCEINDUSTRIES (RIL) CAUSED VOLATILITY IN SENSEX IN THE LATTER PART OFTHE TRADING SESSION. METAL, OIL & GAS AND REALTY STOCKS LED THE DECLINE.
NEGATIVE FACTORS FOR OUR MARKETS IN THE SHORT TERM ARE

1. WEAK MANSOONS
2. DECLINE IN EXPORTS
3. WEAK ECONOMIC DATA
4. CHINA EFFECT
5. CONCERNS ON SWINE FLU
ONE IS ADVICED TO STAY WITH THE TREND THAN JUST GOING ON AN INTRADAY VOLATILITY

TODAY MARKET WOULD BE VOLATILE ON A POSITIVE OPENING BUT OVERALL HEALTH OF THE MARKET REMAINS STILL BEARISH SO ONE IS ADVISED TO STAY CAUTIOUS ON HOLDING PERSPECTIVE AND ON INTRADAY BASIS ONE HAS TO SEE 4392 LEVEL FOR SHORTING FOR A TARGET OF 4350 AND 4230 AND ON THE UPSIDE ONE HAS TO SEE ABOVE 4431 IT CAN REACH 4471 AND BREAK ABOVE THIS POINT WILL LEAD MARKET TO 4495. WATCH POWER STOCKS

BUY ICICI BANK SL 711 TGT 733/746
BUY TATASTEEL SL 430 TGT 440/446
BUY ABAN SL 1101 TGT 1125/1135/1145
BUY LT SL 1475 TGT 1505/1537
POSITIONAL TRADES
BUY SWAN MILLS TGT 100/125
BUY ANSAL BUILDWELL TGT 60

INTRADAY TIPS FOR 19 AUGUST 2009

GOOD MORNING!!!
INDICES SPURTED ON POSITIVE GLOBAL INDICES. THE SENSEX WAS ABOVE PSYCHOLOGICAL 15,000 MARK. IT HAD FALLEN BELOW THIS MARK ON MONDAY IN A BROAD BASED SELL OFF. IT STOCKS FELL. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES PARED GAINS. BUYING WAS WITNESSED IN CAPITAL GOODS, BANKING AND METAL STOCKS. THE MARKET WAS VOLATILE. THE MARKET AFTER OPENING LOWER TURNED POSITIVE FOR A BRIEF PERIOD BEFORE REVERSING GAINS TRACKING WEAK ASIA. MARKET SURGED TO FRESH DAY'S HIGH IN MID-MORNING TRADE. THERE IS NO FRESH PROPOSAL FOR A FARM DEBT WAIVER AND ECONOMIC GROWTH IS EXPECTED TO BE 6 PERCENT-PLUS IN THE CURRENT FINANCIAL YEAR ENDING MARCH 2010, FINANCE MINISTER PRANAB MUKHERJEE SAID ON TUESDAY. MEANWHILE, INDIA'S JULY EXPORTS HAVE FALLEN 26 % FROM A YEAR EARLIER, TRADE SECRETARY RAHUL KHULLAR SAID ON TUESDAY. THE MONSOON SITUATION REMAINS GRIM WITH THE COUNTRY HEADING INTO THE WORST DROUGHT YEAR OVER THE LAST TWO DECADES. MONSOON WAS 56% BELOW NORMAL IN WEEK TO 12 AUGUST 2009 AND WAS 72% BELOW NORMAL IN THE SOYABEAN GROWING CENTRAL REGION IN PAST ONE WEEK, INDIA METEOROLOGICAL DEPARTMENT (IMD) SAID ON 13 AUGUST 2009. MONSOON RAINS WERE 29% BELOW NORMAL DURING THE PERIOD FROM 1 JUNE 2009 TO 12 AUGUST 2009. HOWEVER, INDIA'S WEATHER OFFICE HAS RULED OUT AN EARLY WITHDRAWAL FOR THIS YEAR'S MONSOON WHICH HAS STILL ONE AND HALF MONTHS TO COMPLETE ITS FULL JOURNEY. THE PROGRESS OF MONSOON IS CLOSELY WATCHED AS MORE THAN TWO-THIRDS OF THE PEOPLE LIVE IN VILLAGES AND 60% OF THE FARM LAND DEPENDS ON THE ANNUAL RAINS.

TODAY MARKETS WOULD HIGHLY RANGE BOUND AND WOULD HOVER POSITIVE TO NEGATIVE TERRAINS ONE HAS TO BOOK SMALLER PROFITS IN INTRADAY TERMS UNLESS AND UNTIL THE NIFTY BREACHES THE BELOW SAID LEVELS. ON THE NEGATIVE FRONT IF NIFTY TRADES BELOW 4412 ONE CAN TAKE A SHORT POSITION FOR A TARGETS OF 4322 AND BELOW THIS LEVEL NIFTY CAN TOUCH A LEVEL OF 4267 AND ON THE UPFRONT IF NIFTY TRADES ABOVE 4475 ONE CAN GO LONG FOR A TARGET OF 4516 AND ABOVE THIS LEVEL NIFTY WOULD FACE RESISTANCE AT 4540.
KEEP AN EYE ON EDUCATION STOCKS, METALS AND IT STOCKS

BUY LT ABOVE 1475 SL 1460 TGT 1488/1497

BUY 3I INFOTECH SL 69 TGT 79/82
BUY JINDAL STEEL SL 2970 TGT 3041/3078
BUY ROLTA SL 161 TGT 171/174

POSITIONAL TRADES
BUY CYBER TECH AT 13 TGT 24/30 (MEDIUM TERM)

BUY AKALI METALS SL 234 TGT 300 (SHORT TERM)

INTRADAY TIPS FOR 18 AUGUST 2009

GOOD MORNING!!!

GLOBAL SELL OFF AFTER A DISAPPOINTING US CONSUMER SENTIMENT REPORT REIGNITING CONCERNS ABOUT THE GLOBAL ECONOMIC RECOVERY TRIGGERED A SHARP SELL-OFF ON THE DOMESTIC BOURSES. SUSTAINED BEAR HAMMERING KEPT INDICES UNDER PRESSURE THROUGHOUT THE DAY. STOCKS ACROSS SECTORS COLLAPSED WITH THOSE FROM REALTY, METAL, BANKING AND AUTO GRIPPED FIRMLY UNDER SELL-OFF. ALL THE 30 SHARES FROM SENSEX PACK DECLINED. ASIAN STOCKS DROPPED TODAY FOR THE FIRST TIME IN THREE DAYS AFTERAN UNEXPECTED DECLINE IN A U.S. CONSUMER CONFIDENCE INDEX RAISED CONCERN ABOUT THE STRENGTH OF A REVIVAL IN GLOBAL GROWTH. THE KEY BENCHMARK INDICES IN CHINA, HONG KONG, SOUTH KOREA, SINGAPORE AND TAIWAN FELL BY BETWEEN 1.95% TO 5.79%. EUROPEAN SHARES WERE LOWER ON MONDAY, RETREATING FOR A SECOND DAY AS INVESTORS BECAME CAUTIOUS ON GLOBAL RECOVERY HOPES. THE KEY BENCHMARK INDICES IN FRANCE, GERMANY AND UK WERE DOWN BY BETWEEN 1.85% TO 2.1%.

TODAY MARKET WOULD NEGATIVELY BIASED AND HIGHLY RANGE BOUND. MARKET MAY TAKE SUPPORT AT 4342 AND BREAK BELOW THIS LEVEL WOULD TAKE MARKETS TO 4282 AND THIS LEVEL SHOULD HOLD GOOD FOR INTRADAY AND FALL BELOW THIS LEVEL ONE CAN TAKE AN OPPORTUNITY IN FRESH SHORTS. AND ONCE MARKET TOUCHES 4282 THERE IS EVERY CHANCE OF BOUNCE BACK ONE CAN EXIT SHORTS HERE FOR PROFIT BOOKING AND CLOSING ABOVE 4391 ONE CAN EXIT EVERYTHING AND STAY SIDELINE. ON THE UPSIDE NIFTY MAY SEE CRUCIAL RESISITANCE AT 4391 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 4442 WHICH IS REMOTE. KEEP AN EYE ON PHARMA & AUTO SECTORS.

BUY UNITECH WHEN MARKET DECLINE WITH SL 79 TGT 89-92
BUY IFCI WHEN MARKET DELINES WITH SL OF 44 TGT 52
SELL STER SL 630 TGT 606/600
SELL TISCO SL 442 TGT 431/425/418
SELL RELCAP SL 814 TGT 785/778.
SELL JINDALSTEL SL 2936 TGT 2870/2825
SELL DLF SL 371 TGT 359/351/347
POSITIONAL TRADES

BUY OMNITECH TGT 120 (POSITIONAL FOR 1 TO 3 MONTHS)
BUY AXIS IT&T TGT 100 (POSITIONAL WHICH IS ALREADY RECOMMENDED)

INTRADAY TIPS FOR 17 AUGUST 2009

GOOD MORNING!!!
INDICES PROVISIONALLY CLOSED NEAR THE DAY'S LOW ON PROFIT TAKING AHEAD OF THE WEEKEND AFTER THURSDAY. OIL & GAS STOCKS BUCKED THE WEAK TREND. IT, BANKING, AUTO, REALTY AND FMCG STOCKS FELL. THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET, WAS STILL POSITIVE BUT WEAK GLOBAL CUES ON THE WEAK CONSUMER DATA OF US HAVE WEAKENED THE MARKET WEAK CHINESE STOCKS AND POOR MONSOON TRIGGERED PROFIT TAKING AND MAY PROFIT TAKING MAY FOLLOW EVEN TODAY. THE MAJOR CAUSE OF CONCERN IS INVESTORS ARE WORRIED ABOUT POOR RAINS. MONSOON WAS 56% BELOW NORMAL IN WEEK TO 12 AUGUST 2009 AND WAS 72% BELOW NORMAL IN THE SOYABEAN GROWING CENTRAL REGION IN PAST ONE WEEK, INDIA METEOROLOGICAL DEPARTMENT (IMD) SAID ON THURSDAY. MONSOON RAINS WERE 29% BELOW NORMAL DURING THE PERIOD FROM 1 JUNE 2009 TO 12 AUGUST 2009. INDIA RELIES ON RAIN FOR 60% OF ITS IRRIGATION AND ON AGRICULTURE FOR 17% OF ITS ECONOMY.

TODAY MARKET WOULD BE NEGATIVELY BIASED TRADING BELOW 4550 WOULD TAKE NIFTY TO 4480 AND HERE NIFTY MIGHT TAKE SUPPORT AND BREAK BELOW THIS LEVEL IS CRUCIAL AND ONE CAN SEE NIFTY TO COME DOWN MUCH MORE. IF NIFTY CLOSES BELOW 4460 WOULD TAKE NIFTY TO 4342. ON THE UPSIDE NIFTY AFTER TOUCHING 4480 MAY SEE A PULL BACK TO 4530 AND TRADING ABOVE THIS POINT AFTER MAKING DAY LOW WOULD TAKE NIFTY TO THE MAXIMUM OF 4587 IF NIFTY TRADES ABOVE 4587 ONE CAN SEE NIFTY TO TRADE MUCH HIGHER THAN EXPECTED WHICH IS REMOTE.

BUY HCC SL 102 TGT 109/112
BUY FRESENIUS KABI ONCOLOGY SL 64 TGT 70/72
BUY TIME TECHO AT 40 SL 34 TGT 48/52 (CAN HOLD)
BUY HIND ALUMINIUM AT 37 SL 29 TGT 50/60 (CAN HOLD)
SELL RCOM BELOW 257 SL 261 TGT 250/242
SELL ABAN BELOW 1168 SL 1181 TGT 1142/1100
SELL ISPAT SL 23 TGT 22.25/21.30
SELL SUZLON SL 89 TGT 86.6/85
SELL HDFC SL 2330 TGT 2280/2260/2230

INTRADAY TIPS FOR 14 AUGUST 2009

GOOD MORNING!!!
INDICES SOARED AS PROPOSED A SURGE IN INDUSTRIAL PRODUCTION IN JUNE 2009 REINFORCED EXPECTATIONS THAT THE ECONOMY IS RECOVERING. A DRAFT DIRECT TAX CODE WHICH PROPOSES TO REDUCE TAX RATES ON INDIVIDUALS AND CORPORATES AND SCRAPPING OF THE SECURITIES TRANSACTION TAX (STT), ALSO BOOSTED SENTIMENT. THE RALLY ON THE DOMESTIC BOURSES WAS ALSO A PART OF RALLY ACROSS GLOBAL STOCKS TRIGGERED BY SIGNS OF A REVIVAL IN THE GLOBAL ECONOMY AND THE US FEDERAL RESERVE'S DECISION ON WEDNESDAY, 12 AUGUST 2009, TO KEEP INTEREST RATES LOW FOR A PROLONGED PERIOD. BULLS, NONETHELESS, TOOK HEART FROM THE ROBUST INDUSTRIAL PRODUCTION DATA. IN SHARP CONTRAST TO THE GLOOM IN THE FARM SECTOR, INDIA'S INDUSTRIAL OUTPUT EXPANDED 7.8% IN JUNE 2009, AT THE FASTEST PACE IN 16 MONTHS, BEATING FORECASTS BY A WIDE MARGIN

TODAY IF MARKET SUSTAINS ABOVE 4634 THEN IT WILL HAVE ITS NEXT JOURNEY TO 4674 BREAK ABOVE THIS LEVEL WOULD FACE A CRUCIAL RESISTANCE AT 4700. AND ON THE DOWNSIDE BREAK BELOW 4497 MARKET WOULD COME DOWN TARGETTING TO 4442 AND BELOW THIS LEVEL IT CAN TAKE NIFTY TO 4337 AND IF NIFTY CLOSES BELOW 4444 THEN THERE WOULD BE BLOOD BATH SO BE CAREFUL AND STRICTLY FOLLOW THE LEVELS INDICATED ABOVE.

STAY CAUTIOUS IN THIS MARKET AS IT MAY TURN NEGATIVE WIHTOUT ANY INDIATION

BUY BANK OF INDIA SL 320 TGT 329/337
BUY GMR INFRA SL 137.1 TGT 140/143/145
BUY ICSA SL 174 TGT 183/187/191
BUY JINDAL SAW SL 572 TGT 589/595/604
BUY JPASSOCIATES SL 219 TGT 234/239/243
BUY JP HYDRO SL 86.9 TGT 90/92
BUY MTNL SL 99.7 TGT 102.5/103.2
BUY RELCAPITAL SL 851 TGT 871/886
BUY MARUTI ABOVE 1370 SL 1359 TGT 1393/1404/1416/1432
BUY SBI ABOVE 1805 SL 1779 TGT 1829/1855
BUY KRBL SL 127 TGT 135/139
BUY IBREAL SL 241 TGT 252/255
BUY SUZLON SL 87 TGT 94/98

SELL APTECH BELOW 206 SL 210 TGT 197/190/177

POSITIONAL TRADES
BUY NIIT TECH TGT 160***

BUY HIND RECTIFIERS TGT 85/100/120**

BUY PHOTOQUIP INDIA TGT 50**
BUY DEEP INDUSTRIES TGT 109
BUY ESCORTS TGT 89
BUY GSPL TGT 88
BUY BALAJI TELE TGT 66
BUY BIHAR TUBES TGT 65

INTRADAY TIPS FOR 13 AUGUST 2009

GOOD MORNING!!!
INDICES REGISTERED SMALL LOSSES ON WEDNESDAY, RECOVERING SHARPLY FROM A STEEP INTRADAY SLIDE TRIGGERED BY A SHARP SETBACK IN CHINESE STOCKS. STRONGER-THAN-EXPECTED DOMESTIC INDUSTRIAL PRODUCTION DATA AND RECOVERY IN EUROPEAN STOCKS AIDED THE REBOUND IN THE SECOND HALF OF THE TRADING SESSION. CONCERNS ABOUT THE SPREAD OF SWINE FLU REMAIN. INDIA CRACKED DOWNON PRICE GOUGING AND HOARDING OF FACE MASKS AND FLU DRUGS ON WEDNESDAY AS THE TOLL FROM SWINE FLU CLIMBED TO 17.IN MUMBAI, INDIA'S FINANCIAL HUB, SCHOOLS AND COLLEGES WERE CLOSED FOR A WEEK AND CINEMA HALLS SHUT FOR THREE DAYS. THE BOLLYWOOD FILM INDUSTRY ALSO PUT OFF BIG RELEASES AND CANCELLED SHOOTS. THE HEALTH MINISTRY ASKED STATES TO SET UP MORE SCREENING CENTRES AND PROD PRIVATE HOSPITALS TO HELP COPE WITH LARGE NUMBERS OF PEOPLE DEMANDING TESTS.

THE KEY BENCHMARK INDICES SET TO GAIN TRACKING FIRM GLOBAL CUES AND JUMP IN DOMESTIC INDUSTRIAL OUTPUT DATA. HOWEVER, WORRIES OVER SCANTY RAINS AND SWINE FLU SCARE MAY CAP UPSIDE. INVESTORS WILL KEENLY WATCH INDIA'S WHOLESALE PRICE INDEX (WPI) DATA IN THE 12 MONTHS TO 1 AUGUST DUE TO BE ANNOUNCED BY THE GOVERNMENT TODAY. MARKETS TODAY WOULD BE POSITIVELY BIASED IF NIFTY SUSTAINS ABOVE 4500 THEN ONE CAN SEE NIFTY TO MOVE TO 4544 AND SUSTAIN ABOVE THIS LEVEL WOULD TAKE NIFTY TO 4576 AND BREAK BELOW 4388 IS THE KEY LEVEL FOR THE DOWNSIDE

BUY PUNJ LLOYD SL 227 TGT 237/243/246
BUY TECH MAHINDRA SL 825 TGT 868/890
BUY ABAN SL 1129 TGT 1218/1249
BUY ADLABS SL 311 TGT 329/334/340/349
BUY BHARTI SL 398 TGT 412/419/428
BUY DLF SL 369 TGT 383/391/407

INTRADAY TIPS FOR 12 AUGUST 2009

GOOD MORNING!!!

POSTING SMALL GAINS AFTER A STRAIGHT THREE DAY LOSSES IN A HIGHLY VOLATILE SESSION THE SENSEX ALTERNATIVELY HOVERED UP AND DOWN TO THE PSYCHOLOGICAL 15,000 MARK, ULTIMATELY CLOSING ABOVE THAT MARK. THE SENSEX SURGED IN EARLY AFTERNOON TRADE AFTER FINANCE MINISTER PRANAB MUKHERJEE SAID THE GOVERNMENT IS PREPARED TO MANAGE A DROUGHT AND A CONTINGENCY PLAN WAS ALSO IN PLACE. THE MARKET JUMPED TO HIT FRESH INTRADAY HIGH IN MID-AFTERNOON TRADE. A SUDDEN SLIDE PULLED THE MARKET INTO THE RED SHORTLY THEREAFTER BUT MANAGED TO CLOSE IN POSITIVE TERRAIN. THE MOST WORRYING FACTOR FOR THE INVESTORS IS ABOUT THE SCANTY RAINS WHICH MAY HAMPER A NASCENT REVIVAL IN THE DOMESTIC ECONOMY. SUGARS WERE VERY SWEET ALONG WITH PHARMA AND REALITY SPACE

TODAY MARKETS WOULD BE RANGE BOUND EVEN THOUGH MARKETS OPEN IN RED BUT ONE HAS TO KEEP AN EYE ON THE KEY LEVEL OF 4388 IF NIFTY BREAKS THIS LEVEL THEN WE CAN SEE NIFTY TO SEE 4337 AND THEN 4282 LEVELS, STRONGEST SUPPORT FOR NIFTY IS AT 4388 SO ONE NEEDS TO BE VERY CAUTIOUS AT THIS LEVELS. ON THE UPSIDE IF NIFTY BREAKS ABOVE 4510 THEN WE CAN SEE NIFTY TO MOVE TO 4544 AND BREAK ABOVE THIS LEVEL ONE CAN GO FOR BUYING POSITIONALLY CLOSING ABOVE 4544 IS A GOOD SIGN FOR THE MARKETS.

BUY JINDAL STEEL AT 2840 LEVELS SL 2800 TGT 2870/2900/2963
BUY GVKPIL AT 45.5 SL 44.60 TGT 48/49/50
BUY HDIL AT 260 SL 252 TGT 269/276
BUY GAIL AT 327 SL 323.80 TGT 337/342
BUY RANBAXY AT 275 SL 273.3 TGT 281/284/287

INTRADAY TIPS FOR 11 AUGUST 2009

GOOD MORNING!!!

INDICES EXTENDED LOSSES FOR THE THIRD STRAIGHT DAY ON WEAK EUROPEAN CUES STOCKS. FEARS OF SCANTY RAINS ALSO WEIGHED ON THE SENTIMENT SENSEX FELL 894.06 POINTS OR 5.62% IN LAST THREE TRADING SESSIONS SENSEX FELL BELOW THE PSYCHOLOGICAL 15,000 MARK IN LATE TRADE BUT REGAINED THAT LEVEL LATER. AUTO, CAPITAL GOODS AND FMCG STOCKS FELL EVEN AS IT STOCKS ROSE. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL) FELL IN VOLATILE TRADE. THE MARKET PARED GAINS AFTER A FIRM START TRIGGERED BY BETTER-THAN-EXPECTED US AND JAPANESE ECONOMIC DATA. IT LOST FURTHER GROUND LATER, SLIPPING INTO THE RED FROM GREEN AS BELOW NORMAL MONSOON RAINS AND SPREAD OF THE DEADLY SWINE FLU IN THE COUNTRY WEIGHED ON THE SENTIMENT. OVERALL MARKET BREADTH AND SENTIMENT REMAINS WEAK.

MARKETS TODAY WOULD BE RANGE BOUND. IF NIFTY BREAKS 4388 AND TRADES BELOW THIS THEN WE CAN SEE NIFTY TO SEE A LEVEL OF 4337 AND BREAK BELOW THIS LEVEL WOULD DEFINITELY TAKE NIFTY TO 4200 KIND OF LEVELS. AND ON THE POSITIVE SIDE IF TRADES ABOVE 4428 THEN WE CAN SEE NIFTY TO MOVE TO 4494 AND TRADE ABOVE THIS LEVEL WOULD TAKE NIFTY TO 4550 AND ABOVE THIS POINT ONE CAN TAKE FRESH LONG POSITIONS UNTIL THEN IT IS ADVISED TO STAY ON THE SIDELINES ON THE LONG SIDE.

BUY YES BANK SL 145 TGT 157/159.7/162
BUY AXIS BANK SL 829 TGT 854/865
BUY STRIDES ARCOLAB WILL HIT UPPER CIRCUIT
SELL ABAN BELOW 1040 SL 1060 TGT 1016/998
SELL BPCL SL 510 TGT 488/476
SELL ACC SL 824 TGT 796/786

INTRADAY TIPS FOR 11 AUGUST 2009

GOOD MORNING!!!

INDICES EXTENDED LOSSES FOR THE THIRD STRAIGHT DAY ON WEAK EUROPEAN CUES STOCKS. FEARS OF SCANTY RAINS ALSO WEIGHED ON THE SENTIMENT SENSEX FELL 894.06 POINTS OR 5.62% IN LAST THREE TRADING SESSIONS SENSEX FELL BELOW THE PSYCHOLOGICAL 15,000 MARK IN LATE TRADE BUT REGAINED THAT LEVEL LATER. AUTO, CAPITAL GOODS AND FMCG STOCKS FELL EVEN AS IT STOCKS ROSE. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL) FELL IN VOLATILE TRADE. THE MARKET PARED GAINS AFTER A FIRM START TRIGGERED BY BETTER-THAN-EXPECTED US AND JAPANESE ECONOMIC DATA. IT LOST FURTHER GROUND LATER, SLIPPING INTO THE RED FROM GREEN AS BELOW NORMAL MONSOON RAINS AND SPREAD OF THE DEADLY SWINE FLU IN THE COUNTRY WEIGHED ON THE SENTIMENT. OVERALL MARKET BREADTH AND SENTIMENT REMAINS WEAK.

MARKETS TODAY WOULD BE RANGE BOUND. IF NIFTY BREAKS 4388 AND TRADES BELOW THIS THEN WE CAN SEE NIFTY TO SEE A LEVEL OF 4337 AND BREAK BELOW THIS LEVEL WOULD DEFINITELY TAKE NIFTY TO 4200 KIND OF LEVELS. AND ON THE POSITIVE SIDE IF TRADES ABOVE 4428 THEN WE CAN SEE NIFTY TO MOVE TO 4494 AND TRADE ABOVE THIS LEVEL WOULD TAKE NIFTY TO 4550 AND ABOVE THIS POINT ONE CAN TAKE FRESH LONG POSITIONS UNTIL THEN IT IS ADVISED TO STAY ON THE SIDELINES ON THE LONG SIDE.

BUY YES BANK SL 145 TGT 157/159.7/162
BUY AXIS BANK SL 829 TGT 854/865
BUY STRIDES ARCOLAB WILL HIT UPPER CIRCUIT
SELL ABAN BELOW 1040 SL 1060 TGT 1016/998
SELL BPCL SL 510 TGT 488/476
SELL ACC SL 824 TGT 796/786

INTRADAY TIPS FOR 10 AUGUST 2009

GOOD MORNING!!!

INDICES POSTED SECOND STRAIGHT DAY OF LOSSES, AS WEAK GLOBAL STOCKS AND BELOW NORMAL RAINS WEIGHED ON INVESTOR SENTIMENT. STRONG RESPONSE TO THE INITIAL PUBLIC OFFER (IPO) OF NHPC HAS RAISED CONCERNS IT HAS AND WILL SUCK OUT LIQUIDITY FROM THE SECONDARY MARKET. POWER, AUTO, REALTY AND BANKING STOCKS WERE THE MAJOR LOSERS. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL) SLUMPED. SCANTY RAINS REMAINS A CAUSE OF CONCERNS FOR INVESTORS. THE SOUTH WEST MONSOON RAINS WERE 64% BELOW NORMAL IN THE PAST SEVEN DAYS TO 5 AUGUST 2009, DIPPING FOR THE SECOND STRAIGHT WEEK AT A CRUCIAL PERIOD FOR OILSEEDS AND SUGARCANE, AND RAISING CONCERNS OF RISING FOOD PRICES. LAST WEEK'S RAINFALL WAS THE WORST SINCE MID-JUNE, WHILE TOTAL RAINFALL SINCE THE START OF SEASON ON 1 JUNE 2009 WAS A QUARTER BELOW AVERAGE, THE INDIA METEOROLOGICAL DEPARTMENT SAID ON THURSDAY. BUT THE GLOBAL RALLY MAY COOL THE NEGATIVE IMPACT OF MANSOON FOR A WHILE AND MEANWHILE IF FORTUNE FAVOURS AND FARMERS THEN THE SENTIMENT OF MARKET WOULD BE MUCH MORE BULLISH.

TODAY WE CAN SEE A GAP UP OPEN IN THE MARKETS WITH GLOBAL INDICES FAVORING BULLS. TODAY IF NIFTY TRADES ABOVE 4473 ONE CAN GO FOR BUYING WITH A STOPLOSS OF 4444 ABOVE 4473 MARKET CAN HIT 4515 AND SUSTAIN ABOVE THIS LEVEL MARKET CAN SEE 4600 LEVELS AND ON THE DOWNSIDE IF MARKET TRADES BELOW 4444 THEN ONE CAN EXIT LONGS AND GO FOR FRESH SHORTS ONLY IF MARKET CLOSES BELOW 4444 THEN GO FOR SHORTS IN THE CLOSING ONE HAS TO ACCEPT THAT THE MARKET IS BULLISH BOUNCE BACK OF 100 POINTS IN NIFTY WILL TURN THE TREND BULLISH SO ONE HAS TO BE VERY CAUTIOUS ON THE DOWN SIDE AND IF NIFTY CLOSES ABOVE 4600 THEN ONE IS ADVISED TO STAY AWAY FROM SHORTS STRICTLY. TODAY WE CAN SEE RALLY IN METAL SPACE, SUGARS, REALITY AND AUTO.

BUY DHAMPUR SUGARS SL 76 TGT 78/82/105**
BUY STER SL 622 TGT 656/670
BUY JINDAL STEEL SL 2700 TGT 2827/2861/2909/2970
BUY RENUKA ABOVE 174 SL 172 TGT 180/186/194
BUY ABAN ABOVE 1075 SL 1060 TGT 1097/1145/1175
BUY INDIA BULLS ABOVE 190 SL 187 TGT 194/203/208
BUY SRF SL 134.8 TGT 145/150.

INTRADAY TIPS FOR 07 AUGUST 2009

GOOD MORNING!!!

MARKETS NOSEDIVED IN THE PENULTIMATE HOUR OF TRADE LED BY AUTO, METAL, REALITY AND FMCG STOCKS. THE FALL WAS MATERIALIZED AFTER TELEVISION REPORTS THAT THE MANSOON RAINS WERE 66% BELOW NORMAL. A WEAK MANSOON MAY HAMPER ECONOMIC GROWTH AS MORE THAN TWO-THIRDS OF THE PEOPLE LIVE IN VILLAGES AND 60% OF THE FARM LAND DEPENDS ON THE ANNUAL RAINS. HEALTH OF THE MARKET TURNED WEAK ONE IS ADVISED TO EXIT THEIR LONGS AND NOT TO GO SHORT TILL 4500 LEVELS BREACH BELOW THIS LEVEL ON CLOSING BASIS ONE CAN STAY SHORT TILL THEN ONE IS ADVISED TO STAY AWAY AND RE-ENTER LONGS ONLY ABOVE 4640 LEVELS ON THE CLOSING BASIS.

TODAY MARKET LOOKS NEGATIVELY BIASED WITH HIGHLY VOLATILE SESSION. NIFTY TRADING BELOW 4571 WILL LEAD THE RALLY TO 4522 AND BREACH BELOW THIS LEVEL CAN TAKE NIFTY TO 4483 CLOSING BELOW THIS LEVEL ONE CAN SEE NIFTY TO GO DOWN FURTHER AND ONE IS ADVISED TO STAY SHORT. ON THE UPSIDE ONE IS ADVISED TO BUY ABOVE 4640 FOR A TARGET OF 4688 AND CLOSE ABOVE 4640 ONE CAN EXPECT NIFTY TO GO TO NEW HIGHS.

SELL MARUTI 1382 TGT 1345/1332/1317
SELL STER SL 660 TGT 638/628/615
SELL TATA MOTORS SL 428 TGT 410/400
SELL ABAN SL 1137 TGT 1105/1074/1040
BUY BOMBAY DYEING SL 354 TGT 377/382/387
POSITIONAL TRADES
BUY KRBL TGT 150 ONE TO THREE MONTHS **GOOD BUY**
BUY NU TEK INDIA LTD TGT 68 ONE WEEK
BUY FINOLEX INDUSTRIES TGT 65
BUY SAKTHI SUGARS TGT 85/90

INTRADAY TIPS FOR 06 AUGUST 2009

GOOD MORNING!!!

MARKETS YESTERDAY HAS SHOWN GREAT SIGNS OF BULLISHNESS AND WOULD CONTINUE TO REMAIN IN BULLISH ZONE. DONT GET PANIC WITH MILD FLUCTUATIONS IN THE FORM OF RETACEMENTS. TODAY MARKET MAY PULL BACK AFTER A SMALL GAP DOWN.

BUY IBSEC SL 45 TGT 52/54
BUY EVERON SL 372 392/405
BUY SESAGOA SL 248 TGT 258/260

INTRADAY TIPS FOR 05 AUGUST 2009

GOOD MORNING!!!

KEY BENCHMARK INDICES EDGED LOWER, REVERSING GAINS IN THE PRECEDING THREE TRADING SESSIONS WITH LOWER EUROPEAN STOCKS AND US INDEX FUTURES TRIGGERED PROFIT TAKING AFTER A RECENT SOLID RALLY. IN THE OPENING TRADE BSE HAS HIT THE PSYCHOLOGICAL 16,000 MARK FOR THE FIRST TIME IN MORE THAN 14 MONTHS. REALTY, POWER AND IT STOCKS UNDERWENT CORRECTION EVEN AS AUTO STOCKS EXTENDED RECENT GAINS ALONG WITH FMCG SECTOR ON ROBUST JULY 2009 SALES. THE MARKET CUT LOSSES IN EARLY AFTERNOON TRADE AS INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL) AND STATE BANK OF INDIA (SBI) ROSE AND RECOVERED TO A GREATER EXTENT.

MARKET THOUGH LOOKED TO BE NEGATIVE YESTERDAY THIS HAS TO BE CONSIDERED AS RETRACEMENT, MARKET STILL LOOKS VERY STRONG WHEN YOU LOOK ON THE OVERALL HEALTH OF THE MARKET. ONE NEEDS TO UNDERSTAND THAT AND GO ALONG WITH THE TREND THAN JUST GOING WITH THESE SMALLER FLUCTUATIONS DON’T GET PANIC IN THIS MARKET AS MARKET IS ON THE BULLISH SIDE ONE CAN RETAIN POSITIONS ON THE LONGER SIDE AS LONG AS NIFTY DOESN’T BREAK THE LEVELS INDICATED BELOW. MARKET MAY SEE NEW HIGHS ONCE IF NIFTY BREAKS ABOVE 4700 AND TRADES. IF NIFTY TRADES ABOVE 4700 ONE CAN GO LONG WITH A TARGET OF 4769 AND BREAK ABOVE THIS LEVEL CAN TAKE MARKET TO 4808 AND IF MARKET CROSSES THIS LEVEL THEN IT IS QUITE EVIDENT THAT WE CAN SEE MARKET AT 5000 AND THEN 5200 IN A VERY SHORT RUN AND ON THE NEGATIVE TERRAIN IF MARKET TRADES BELOW 4660 THEN WE CAN SEE MARKET TAKING SUPPORT AT 4625 LEVELS AND BREAK BELOW THIS 4587 AND BREAK BELOW THIS LEVEL ONE IS ADVISED TO EXIT LONGS AND STAY AWAY FROM TRADE TILL MARKET BREACHES 4540 LEVELS. I WOULD ADVICE TRADERS NOT TO GO SHORT. TODAY MARKET WOULD BE POSITIVELY BIASED.

BUY INDIA CEMENTS SL 141.7 TGT 147.5/149
BUY TATA MOTORS SL 437 TGT 455/463/469
BUY ACC ABOVE 905 SL 890 TGT 918/927
BUY RELCAP SL 904 TGT 927/935/946
BUY SUZLON SL 95.7 TGT 99.30/103/106

INTRADAY TIPS FOR 04 AUGUST 2009

GOOD MORNING!!!

THE KEY BENCHMARK INDICES ROSE FOR THE THIRD SESSION IN A ROW, HELPED BY FIRM EUROPEAN STOCKS AND HIGHER US INDEX FUTURES. SIGN OF RECOVERY IN THE INDIAN ECONOMY, WITH BETTER-THAN-EXPECTED Q1 JUNE 2009 RESULTS FROM INDIA INC WHICH JUST GOT OVER AND BUYING BY FOREIGN FUNDS UNDERPINNED SENTIMENT. THE BAROMETER INDEX BSE SENSEX AND THE 50-UNIT S&P CNX NIFTY, BOTH ATTAINED THEIR HIGHEST CLOSING LEVEL IN 14 MONTHS. THE SENSEX HAS RISEN 750.77 POINTS AROUND 5% IN LAST THREE TRADING SESSIONS. SECTORS LIKE AUTO ROSE ON SALES AND METAL SECTOR ROSE ON FIRM LME TRADING AND WITH REALITY SECTOR ADDING ITS SHARE IN UPSIDE, RELIANCE BOOSTED THE INDEX FURTHER TO A NEW HIGHS. MARKET REMAINED IN A VERY BULLISH ZONE.

MARKETS TODAY WILL BE VOLATILE WITH POSITIVE BIAS AND IS EXPECTED TO GO TO NEW HEIGHTS. TODAY IF NIFTY TRADES ABOVE 4740 THEN IS EXPECTED TO MOVE TO 4785 AND THEN BREAK ABOVE THIS LEVEL IS EXPECTED TO MOVE TO 4807 SUSTAINING ABOVE 4807 MARKET MAY SEE VERY STRONG RALLY UPTO 4970 LEVELS ONE CAN MOVE THEIR STOPLOSS TO THE LEVELS INDICATED ON THE LONG SIDE AND ON THE DOWN SIDE IF MARKET TRADES BELOW 4693 THEN IT MAY GO TO 4650 AND THEN TO 4639 ONE CAN EXIT THEIR LONGS ONLY WHEN MARKET TRADES BELOW 4600 ON THE CLOSING BASIS.

BUY M&M 916 SL 906 TGT 930
BUY BHEL 2340 SL 2325 TGT 2362/2380
BUY HCL 252 SL 248 TGT 258/263
BUY UNITECH ABOVE 95 SL 93.6 TGT 97/100
BUY JSWSTEEL SL 733.5 TGT 765/.775
BUY ABAN SL 1110 TGT 1200/1230
BUY RCOM ABOVE 292 SL 288 TGT 297/301/306
BUY ONGC SL 1165 TGT 1194/1218
BUY CAIRN SL 242 TGT 248/251

INTRADAY TIPS FOR 03 AUGUST 2009

GOOD MORNING!!!

INDICES WERE VERY POSITIVE IN THE OPENING TRADE ON FRIDAY AND PAIRED GAINS AFTER A NEGATIVE BREADTH WITH EUROPEAN STOCKS SOARING IN THE AFTERNOON, MARKET BOUNCED BACK WITH VENGEANCE AND WAS UP BY AROUND 70 POINTS IN NIFTY INDICATING OVERALL HEALTH OF THE MARKET REMAINS VERY STRONG. BANKING AND FMCG STOCKS ROSE. REALTY STOCKS FELL IN VOLATILE TRADE. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL) PARED GAINS. THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET WEAKENED FROM EARLIER STRONG BREADTH BUT CORE STRUCTURE STILL REMAINS STRONG. THE Q1 JUNE 2009 RESULTS ANNOUNCED SO FAR HAVE BEEN ENCOURAGING, WITH LOWER COSTS HELPING BOTTOMLINE GROWTH. THE MAJOR CAUSE OF CONCERN IS MONSOONS. BUT A WEAK MONSOON REMAINS A BIGGEST CAUSE OF CONCERN. INDIA'S MONSOON RAINS WERE 18% BELOW NORMAL IN THE WEEK TO 29 JULY 2009, HAVING BEEN ABOVE NORMAL IN THE PRECEDING TWO WEEKS. TOTAL RAINFALL SINCE THE BEGINNING OF JUNE WAS 19% BELOW AVERAGE, THE INDIA METEOROLOGICAL DEPARTMENT SAID ON THURSDAY. ON THE FLIP SIDE, WATER LEVELS IN INDIA'S 81 MAIN RESERVOIRS ROSE TO 35% OF CAPACITY IN THE WEEK TO 30 JULY 2009, UP FROM 23% A WEEK EARLIER AND 31% A YEAR AGO, GOVERNMENT DATA SHOWED. MORE THAN TWO-THIRDS OF THE PEOPLE LIVE IN VILLAGES AND 60% OF THE FARM LAND DEPENDS ON THE ANNUAL RAINS.

TODAY MARKET WOULD BE RANGE BOUND. MARKET IS IN BULLISH PHASE AND IS EXPECTED TO REMAIN BULLISH AND HEAD TOWARDS 4800-5000-5200 FOR TODAY ONE CAN TAKE FRESH POSITIONS STRONGLY IN THE CLOSING IF MARKET SUSTAIN ABOVE 4700 FOR POSITIONAL TRADING AND FOR INTRADAY TRADING ONE CAN GO FOR BUYING WITH A STOPLOSS OF 4580 MARKET WOULD GET AGGRESSIVE ON THE BUYING SIDE IF NIFTY ONCE CROSSES 4700 AND HOLDS THERE. DON’T SHORT ANYTHING UNTIL MARKET BREACHES 4485 LEVELS AND EVERY DIP CAN BE USED AS BUYING OPPORTUNITY IN INTRADAY AND DON’T GET PANIC ON THE LONG SIDE AS MARKET WOULD BOUNCE BACK AT EVERY DECLINE SO REMAIN LONG WITH STOPLOSS AND DON’T GET PANIC IN INTRADAY AS MARKET BREADTH IS POSITIVE.

BUY TATA MOTORS SL 414 TGT 428/432 **
BUY HCL INFOSYS SL 115 TGT 123/125
BUY ESSAR OIL SL 147 TGT 157/160
BUY ONGC SL1149 TGT 1178/1189
BUY UNITECH SL 89.20 TGT 91.50/94
BUY ABAN SL 1020 TGT 1079/1100
BUY RCOM ABOVE 278 SL 272 TGT 283/288/294