INTRADAY TIPS FOR 30 OCTOBER 2009

GOOD MORNING!!!

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

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

INTRADAY TIPS FOR 29 OCTOBER 2009

GOOD MORNING!!!

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

INTRADAY TIPS FOR 28 OCTOBER 2009

GOOD MORNING!!!

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

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

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

BUY FORTIS HEALTHCARE LTD SL 89 TGT 114*

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

SELL LICHSGFIN SL 815 TGT 780

SELL JINDALSAW SL 740 TGT 710/693

INTRADAY TIPS FOR 27 OCT 2009

GOOD MORNING!!!

ALL MOST ALL THE STOCKS ALONG WITH THE KEY INDICES PLUNGED TO HIT FRESH DAY'S LOW IN LATE TRADE. VOLATILITY RULED THE ROOST AS TRADERS ROLLED POSITIONS IN THE DERIVATIVES SEGMENT FROM OCTOBER TO NOVEMBER. NIFTY FELL BELOW THE PSYCHOLOGICAL 5,000 MARK AFTER REGAINING THAT LEVEL IN EARLY AFTERNOON TRADE. THE MARKET BREADTH WAS WEAK. BANKING, METAL, REALTY AND CONSTRUCTION STOCKS FELL. INTRADAY VOLATILITY WAS HIGH AHEAD OF THE EXPIRY OF THE NEAR TERM CONTRACTS THIS WEEK. FIRM ASIAN STOCKS HELPED THE MARKET BRIEFLY HIT POSITIVE ZONE IN EARLY TRADE AFTER AN INITIAL SLIDE. VOLATILITY CONTINUED LATER. THE MARKET MOVED INTO POSITIVE ZONE FROM NEGATIVE ZONE IN EARLY AFTERNOON TRADE. THE RBI PUMPED IN MASSIVE LIQUIDITY IN THE BANKING SYSTEM IN THE PAST ONE YEAR OR SO TO HELP REVIVE THE DOMESTIC ECONOMY IN THE AFTERMATH OF THE GLOBAL FINANCIAL CRISIS. WHILE AS EXIT FROM THE LOOSE MONETARY POLICY IS IMMINENT, SPECULATION ON THE BOURSES IS THE TIMING OF THE EXIT POLICY. THE RBI IS EXPECTED TO KEEP ITS BENCHMARK LENDING AND BORROWING RATES ON HOLD AT A QUARTERLY MONETARY POLICY REVIEW ON TUESDAY, 27 OCTOBER 2009. A SECTION OF MARKET, HOWEVER, EXPECTS THE RBI TO RAISE THE CASH RESERVE RATIO (CRR), THE PROPORTION OF DEPOSITS THAT BANKS KEEP WITH THE CENTRAL BANK, TO TAME INFLATIONARY PRESSURES IN THE ECONOMY. A POSSIBILITY OF A HIKE IN THE STATUTORY LIQUIDITY RATIO (SRL) CANNOT BE RULED OUT EITHER. IN NOVEMBER 2008, THE RBI HAD REDUCED THE SLR BY ONE PERCENTAGE POINT TO 24% - ITS FIRST MOVE IN 11 YEARS - AS PART OF ITS MEASURES TO BOOST LIQUIDITY TO CUSHION THE IMPACT OF THE GLOBAL CREDIT CRISIS AFTER LEHMAN BROTHER'S COLLAPSE. SLR IS THE MINIMUM SHARE OF BANK DEPOSITS TO BE HELD IN APPROVED GOVERNMENT SECURITIES. BANK STOCKS FELL AFTER COMMENTS FROM A FINANCE MINISTRY OFFICIAL ON FRIDAY, 23 OCTOBER 2009, DASHED HOPES FOR THE CENTRAL BANK RELAXING MARK-TO-MARKET RULES FOR BANK'S DEBT HOLDINGS. THE MARKET HAS BEEN AGOG WITH TALKS OF THE CENTRAL BANK HIKING THE CEILING ON THE PORTION OF GOVERNMENT SECURITIES THAT BANKS CAN PARK IN HELD-TO-MATURITY (HTM) CATEGORY, POSSIBLY AT THE QUARTERLY MONETARY POLICY REVIEW ON 27 OCTOBER 2009.
TODAY MARKET WILL BE HIGHLY RANGE BOUND AHEAD OF EXPIRY, IN THE LAST SESSION WE HAVE WITNESSED A DEEP SELL OFF IN THE LAST HALF AN HOUR OF TRADE MAKING THE BREADTH OF THE MARKET WEAK. STRUCTURALLY OUR MARKETS HAVE WEAKENED EVEN POSITIVE IMPACT OF GLOBAL CUES MAY NOT HOLD OUR MARKETS MUCH, SO ONE IS ADVISED TO STAY OUT OF LONGS AND DON’T INITIATE LONGS ANY MORE AT THIS STAGE TILL IT IS ADVISED. IF NIFTY TRADES BELOW 4978 WE CAN SEE NIFTY TO COME DOWN TO 4949 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 4919 WHICH IS VERY CRUCIAL, ONE IS ADVISED TO STAY CAUTIOUS. ON THE UPSIDE IF NIFTY CROSSES 5016 ONLY THEN ONE CAN SEE IT TO GO UP TO 5044. STOCKS LOOKING WEAK PTC, MLL, KSOILS, GSPL, GTLINFRA, IBREAL, SINTEX, UCOBANK, RPOWER, ISPAT, FSL, DLF, UNITECH, ROLTA, RNRL AND ABAN. STOCKS ON POSITIVE SIDE HEROHONDA, EDUCOMP, WELGUJ, PANTALOON, AUROPHARMA, RANBAXY AND CIPLA.

BUY HEROHONDA SL 1587 TGT 1624/1645/1663
BUY WELGUJ SL 281 TGT 289/294
BUY PANTALOON ABOVE 331 SL 330 TGT 336/339
BUY AUROPHARMA SL 834 TGT 860/869/875
SELL DLF SL 437 TGT 414
SELL AXIS BANK SL 981 TGT 958/952/945
SELL JINDALSAW BELOW 780 SL 794 TGT 767/735
Note: buy calls one should buy only on the positive zone

INTRADAY TIPS FOR 26 OCTOBER 2009

GOOD MORNING!!!

LAST TRADING SESSION WAS VERY VOLATILE WITH RANGE BOUND MOVEMENTS IN THE KEY INDICES NOTCHING UP SMALL GAINS ON FIRM GLOBAL STOCKS. INTRADAY VOLATILITY WAS IMMENSE. CAPITAL GOODS STOCKS FELL. RELIANCE INDUSTRIES (RIL) SLUMPED AS PARTNER HARDY OIL SAID A D9 WELL WILL BE PLUGGED AND ABANDONED. BUT, SUGARS, IT AND FMCG STOCKS ROSE. NIFTY PROVISIONALLY CLOSED BELOW THE PSYCHOLOGICAL 5,000 MARK AFTER MOVING ABOVE AND BELOW THAT LEVEL DURING THE DAY. THE NIFTY HAD SETTLED BELOW THE 5,000 MARK ON THURSDAY. ON THE POLITICAL FRONT, THE RULING CONGRESS PARTY-LED ALLIANCE WON TWO STATE POLLS ON THURSDAY, A RESULT THAT GIVES MORE ROOM FOR THE ALLIANCE TO PUSH ECONOMIC REFORMS.
TODAY MARKETS WOULD REMAIN RANGE BOUND AND THE VOLATALITY WOULD REMAIN IMMENSE. IF NIFTY TRADES ABOVE 5027 THEN IS LIKELY TO TEST 5072 ANYTHING ABOVE THIS LEVEL IS CONSIDERED TO BE POSITIVE AND DOWNSIDE IF NIFTY TRADES BELOW 4998 THEN WE CAN SEE NIFTY TO 4966 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 4923(THIS LEVEL IS VERY CRUCIAL) MARKET STRENGTH LOOKS WEAK STRUCTURALLY SO ONE IS ADVISED TO STAY CAUTIOUS. STOCK SPECIFIC MOVEMENT IS LIKELY.
BUY BAJAJ HIND SL 229 TGT 235/237
BUY DR REDDY SL 949 TGT 966/984
BUY IDFC SL 159 TGT 163/164.9
BUY ITC SL 256 TGT 265/269
SELL RELCAP BELOW 871 SL 881 TGT 866/855/848
POSITIONAL TRADES
BUY DUJODWALA PRODUCTS TGT 25/40

INTRADAY TIPS FOR 23 OCTOBER 2009

GOOD MORNING!!!

THE INDICES CUT LOSSES AFTER HITTING FRESH INTRADAY DAY LOW IN LATE TRADE. INTRADAY VOLATILITY WAS HIGH. WEAK GLOBAL MARKETS AND RISE IN HEADLINE INFLATION TO ABOVE 1% MARK, WEIGHED ON INVESTOR’S SENTIMENT. SENSEX FELL BELOW THE PSYCHOLOGICAL 17,000 MARK AFTER REGAINING THAT LEVEL IN MID-MORNING TRADE FOR A SHORT WHILE. NIFTY PROVISIONALLY CLOSED BELOW THE PSYCHOLOGICAL 5,000 MARK AFTER ALTERNATIVELY MOVING ABOVE AND BELOW THAT LEVEL IN LATE TRADE. THE MARKET BREADTH WAS WEAK IN CONTRAST TO A POSITIVE BREADTH EARLIER IN THE DAY. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES DIPPED AS THE HEARING ON A GAS DISPUTE WITH RELIANCE NATURAL RESOURCES (RNRL) CONTINUES IN THE SUPREME COURT. BANK STOCKS FELL AFTER MOODY'S INVESTORS SERVICES ON WEDNESDAY DOWNGRADED THE SUPPORTED RATINGS OF 13 INDIAN COMMERCIAL BANKS AFTER ITS GLOBAL REVIEW OF SYSTEMIC SUPPORT INDICATORS FOR INDIVIDUAL BANKING SYSTEMS. CAPITAL GOODS, METAL AND REALTY STOCKS ALSO FELL.

TODAY MARKETS WOULD OPEN POSITIVE WITH GLOBAL QUES MOVING VERY POSITIVE, MARKET IS EXPECTED TO REMAIN VERY VOLATILE AND RANGE BOUND. IF NIFTY TRADES ABOVE 5018 THEN IS EXPECTED TO REACH 5043 (1ST TARGET) AND TRADE ABOVE 5043 (2ND TARGET) WITH GOOD VOLUMES IT WILL REACH 5082 (3RD TARGET) TRADE WITH REDUCED VOLUMES WHEN YOU HAVE ATTAINED EACH TARGET. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4990 THEN IT WILL IMMEDIATELY TAKE SUPPORT AT 4960 (1ST TARGET) BREAK AND TRADE BELOW THIS LEVEL WOULD TAKE NIFTY TO 4920 (2ND TARGET) THIS IS ONE OF THE CRUCIAL SUPPORT FOR NIFTY, IF 4920 IS BROKEN WE CAN EXPECT NIFTY TO TOUCH 4800 IN A VERY SHORT TIME.

BUY TATA MOTORS ABOVE 442 TGT 456/462/470
BUY HCL TECH SL 324 TGT 334/339
BUY ITC SL 246 TGT 250/256
BUY BANK INDIA SL 445 TGT 460/466
BUY EDUCOMP SL 4429 TGT 4506/4628/4705

INTRADAY TIPS FOR 22 OCTOBER 2009

GOOD MORNING!!!

THE KEY BENCHMARK INDICES REMAINED WEAK AND WERE TRADING MARGINALLY LOWER IN AFTERNOON TRADE. MARKET SHRUGGED OFF HIGHER OPENING FOR EUROPEAN MARKETS, A SUBDUED TREND IN ASIAN STOCKS WEIGHED ON SENTIMENT. A SECTION OF THE MARKET IS CONCERNED THAT A GLUT IN SHARE SALES BY INDIAN FIRMS MAY SUCK LIQUIDITY FROM THE SECONDARY MARKET. BANKING, CEMENT STOCKS FELL. BUT, POWER STOCKS ROSE IT STOCKS GAINED AFTER US INTERNET FIRM YAHOO REPORTED BETTER-THAN-EXPECTED RESULTS ON TUESDAY. INTRADAY VOLATILITY WAS HIGH. THE MARKET DRIFTED LOWER IN CHOPPY EARLY TRADE ON SUBDUED ASIAN STOCKS AND LOWER US INDEX FUTURES AND ENDED IN MUCH WEAKER ZONE. THE BREADTH OF THE MARKET TURNED WEAK AS NIFTY HAS BREACHED A GOOD SUPPORT LEVEL.

TODAY MARKETS MAY OPEN NEGATIVE AND DOMINATE THE TRADE ON THE NEGATIVE ZONE, STRUCTURALLY MARKET WILL WEAKEN ONLY ONCE IT BREACHES 4925 THEN WE CAN SEE SOME SHARP SLIDE IN THE MARKETS TILL THEN THERE IS EVERY POSSIBILITY OF REVERSAL OF TREND FROM LOWER LEVELS. TODAY IF NIFTY TRADES BELOW 5075 THEN IT WILL TAKE SUPPORT AROUND 5040 AND BREAK BELOW THIS LEVEL WITH VOLUMES MAY TAKE NIFTY TO 4990 ANY CLOSE BELOW 4990 INDICATES WEAKNESS. AND ON THE POSITIVE FRONT IF NIFTY TRADES ABOVE 5075 THEN WE CAN SEE NIFTY TO MAKE AN UPMOVE TILL 5122 AND THEN TO 5153 CLOSING ABOVE 5115 IS POSITIVE.

BUY KFA SL 54 TGT 59/60

BUY EVERONN SL 448 TGT 465/472
SELL TATAPOWER BELOW 1417 TGT 1407/1395
SELL TATAMOTORS SL 567 TGT 538/530/522
SELL HERO HONDA SL 1629 TGT 1591/1583/1576

INTRADAY TIPS FOR 21 OCTOBER 2009

GOOD MORNING!!!

INDICES SLUMPED TO FRESH INTRADAY LOW IN MID-AFTERNOON TRADE AS EUROPEAN STOCKS DROPPED. INVESTORS TOOK HOME CASH AFTER A RECENT SHARP SURGE IN SHARE PRICES TRIGGERED BY HUGE FOREIGN FUND INFLOWS. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES EXTENDED LOSSES AHEAD OF A SUPREME COURT HEARING ON GAS TUSSLE WITH RELIANCE NATURAL RESOURCES (RNRL). CAPITAL GOODS, BANKING AND TELECOM STOCKS EDGED LOWER. BUT, REALTY STOCKS ROSE. THE MARKET BREADTH TURNED NEGATIVE IN CONTRAST TO A STRONG BREADTH EARLIER IN THE DAY THE MARKET WAS VOLATILE. THE MARKET SURGED IN EARLY TRADE AS THE GOVERNMENT'S DECISION TO SALE STAKE IN TWO STATE-RUN POWER FIRMS INDICATED A RESOLVE TO SPEED UP REFORMS. THE NIFTY HIT ITS HIGHEST LEVEL IN MORE THAN 17 MONTHS IN EARLY TRADE. THE MARKET REGAINED POSITIVE TERRITORY AFTER SLIPPING INTO THE RED FOR A BRIEF PERIOD IN MORNING TRADE.
TODAY MARKET WOULD OPEN SLIGHTLY NEGATIVE AND WOULD REMAIN VERY RANGE BOUND. NIFTY IF BREACHES 5093 THEN IS LIKELY TO TAKE SUPPORT AROUND 5073 AND TRADING BELOW THIS LEVEL WOULD TAKE NIFTY 5027 IF NIFTY CLOSES BELOW 5093 LEVELS IT IS CONSIDERED THAT NIFTY HAS WEAKENED AND CLOSING BELOW 5073 IS WEAKEST AND ONE CAN TAKE SHORT CALLS BELOW 5073. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5115 THEN IT IS LIKELY TO MOVE TO 5150. TRADE ABOVE 5150 WE CAN SEE NIFTY TO MOVE UPTO 5164 TO 5182 ANY CLOSE ABOVE 5115 IS AGAIN POSITIVE SIGN FOR NIFTY.
BUY EVERONN SL 462 TGT 474/480
BUY SRF ABOVE 218 SL 212 TGT 224/227/229

BUY JPASSOCIATES SL 264 TGT 270/272
SELL ICICI BANK SL 953 TGT 933/908
SELL EDUCOMP SL 4749 TGT 4658/4600/4548

SELL NAGARJUNA CONST SL 174.7 TGT 170.4/168.75/164

SELL ROLTA SL 191.85 TGT 185.8/183

INTRADAY TIPS FOR 20 OCTOBER 2009

GOOD MORNING!!!

LAST TRADING SESSION WAS THE FIRST DAY OF THE SAMVAT 2066 IT WAS A SPARKLING START BUT LATER FAILED TO HOLD ON THE POSITIVE NOTE WITH PROFIT BOOKING CROPPING AT THE CLOSING OF THE DAY. IN THE LAST FEW DAYS WE HAVE WITNESSED STOCK SPECIFIC MOVEMENTS ON THE BASIS OF Q2 RESULTS AND MAY STILL CONTINUE IN THE DAYS TO COME FOR A SHORT SPAN. ONE HAS TO WATCH OUT FOR THE CRUCIAL LEVELS ON NIFTY FOR HOLDING OR EXITING.

TODAY NIFTY MAY SEE A POSITIVE OPENING AROUND 40 POINTS AND MAY HIT NEW HIGHS OF THE YEAR FOR THE FIRST TIME HITTING 5200 MARK BUT ONE HAS TO STAY VERY CAUTIOUS IN THIS PHASE AS THE UPSIDE IS VERY LIMITED. ONE HAS TO MAKE A NOTE THAT NEVER CARRY ANY INTRADAY LOSS POSITIONS, DO NOT FORGET TO PLACE STRICT STOPLOSSES. TODAY IF NIFTY TRADES ABOVE 5147 LIKELY TO MAKE AN UPMOVE TILL 5164 AND TRADE ABOVE THIS WOULD LEAD NIFTY TO 5185 AND ANY CLOSING ABOVE 5185 WOULD TAKE NIFTY TO 5300 AND ANY CLOSING ABOVE 5090 IS BULLISH. AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5115 THEN WE MAY LIKELY TO TEST 5085 LEVELS BUT IF NIFTY ON CLOSING CLOSES BELOW 5090 ONE CAN EXIT ALL THEIR LONG POSITIONS AND CAN ENTER SHORTS. DONT NEGLECT THE LEVELS SPECIFIED.

BUY ESCORTS SL 129.40 TGT 133/136/139
BUY FEDERAL BANK FUTURS SL 255 TGT 262.40/265
BUY STER SL 837.7 TGT 845/850/856
BUY CENTURY TEXTILES SL 534.50 TGT 544/547/550
BUY RCOM SL 236 TGT 241/243.8/247.4
POSITIONAL PICKS
BUY POWERSOFT (532736) HOLD IT FOR MEDIUM TERM TGT 50/100/250

INTRADAY TIPS FOR 17 OCTOBER 2009

GOOD MORNING!!!

BANKING ALONG WITH REALITY STOCKS LED TEH RALLY ON THE BOURSES WITH SUSTAINED BUYING BY FOREIGN FUNDS. MARKET OVERALL ON THE POSITIVE ZONE, STRUCTURALLY MARKET LOOKS POSITIVE ONE HAS TO REMAIN VERY CAUTIOUS AS ALL THE TECHNICAL INDICATORS ARE ON A OVER BOUGHT REGEION.

TODAY MARKET MAY BE VERY RANGE BOUND WITH INITITALLY MARKET MAKING AN UPMOVE MARKET SEEMS TO BE STRONG AT THIS STAGE AND CONTINUE TO REMAIN IN THIS POSITIVE SPHERE AS LONG AS NIFTY IS HOLDING ABOVE 5060 LEVELS. FOR TODAY IF NIFTY TRADES ABOVE 5150 THEN IT IS LIKELY TO HIT 5185 IN TODAYS TRADING AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5120 THEN IT IS MOST EVIDENT THAT NIFTY MAY COME DOWN TO 5108 AND SUSTAINING BELOW 5108 MAY PUSH NIFTY TO 5072 LEVELS. FERTILIZERS, REALITY AND BANKING ARE POSITIVE

BUY SBI SL 2448 TGT 2500

BUY DLF SL 459 TGT 469/474

BUY ISPAT IND SL 23.45 TGT 24.25/24.75

BUY IVRCL SL 417 TGT 426/431

BUY ROLTA SL 191 TGT 194.75/199

INTRADAY TIPS FOR 16 OCTOBER 2009

GOOD MORNING!!!

STOCK-SPECIFIC BUYING CONTINUED EVEN AS THE KEY BENCHMARK INDICES EDGED LOWER IN WHAT WAS A CHOPPY TRADING SESSION S&P CNX NIFTY HIT THEIR HIGHEST LEVEL IN NEARLY 17 MONTHS AT THE ONSET OF THE TRADING SESSION LAST DAY. IT STOCKS FALTERED ON A FIRM RUPEE. THE MARKET BREADTH WAS MARGINALLY POSITIVE.
MARKETS TODAY MAY BE RANGE BOUND WITH LITTLE VOLATILE SESSION. IF NIFTY TRADES ABOVE 5110 THEN IT IS LIKELY TO MOVE UP TO 5136 AND BREAK ABOVE THIS POINT WOULD LEAD NIFTY TO 5154 ANY CLOSE ABOVE 5145 IS VERY STRONG AND CLOSE ABOVE 5100 IS CONSIDERED TO BE BULLISH. AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5105 LIKELY TO COME DOWN TO 5068 AND IF NIFTY TRADES BELOW THIS LEVEL THEN MAY TAKE SUPPORT AT 5050 CLOSING BELOW 5030 IS CONSIDERED TO BE WEAK AND ONE CAN GO SHORT IF NIFTY CLOSES BELOW 5030. TELECOM SECTOR WEAK AVOID.
BUY LT SL 1683 TGT 1702/1717
BUY HDFCBANK SL 1719 TGT 1746/1755/1764
BUY SUZLON SL 87 TGT 92/94
BUY JSWHOLDINGS SL 1700 TGT 1750/1760/1770
BUY TATAPOWER SL 1359 TGT 1380/1385/1390
SELL RELINFRA SL 1291 TGT 1260/1250

INTRADAY TIPS FOR 15 OCTOBER 2009

GOOD MORNING!!!

GAINS FOR THE STRAIGHT SECOND DAY IN A ROW AS A RALLY IN GLOBAL STOCKS, STRONG RESPONSE TO THE INITIAL PUBLIC OFFER OF INDIABULLS POWER AND STRONGER-THAN EXPECTED Q2 RESULTS FROM HOUSING FINANCE MAJOR HDFC AND HEALTHY Q2 OUTCOME FROM HDFC BANK, BOOSTED MARKET SENTIMENT. A RALLY IN US INDEX FUTURES TRIGGERED BY A STRONG GUIDANCE FROM CHIP MAJOR INTEL, AIDED THE RALLY ON THE DOMESTIC BOURSES. THE MARKET BREADTH TURNED QUITE STRONG. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL) EDGED HIGHER IN CHOPPY TRADE. OIL EXPLORATIONAL STOCKS GAINED WHEREAS PSU OMCS FELL AS CRUDE HIT ITS HIGHEST LEVEL IN 2009 ON WEAK DOLLAR. METAL AND SUGAR STOCKS GAINED. INDIA'S LARGEST ENGINEERING AND CONSTRUCTION FIRM BY SALES LARSEN & TOUBRO ROSE ON WINNING A LARGE ORDER. OTHER CAPITAL GOODS STOCKS ALSO ROSE. BUT TELECOM STOCKS FELL. TELECOM STOCKS HAD RISEN RECENTLY AFTER TELECOM REGULATOR TELECOM REGULATORY AUTHORITY OF INDIA (TRAI) SAID ON 8 OCTOBER 2009 THAT OPERATORS WOULD BE FREE TO OFFER VARIOUS TARIFF PLANS TO THEIR SUBSCRIBERS, INCLUDING THE PER-SECOND BILLING SCHEME, AND THEY WOULD ALSO BE FREE TO FIX THE TARIFF PER SECOND. THIS WOULD COME AS A RELIEF TO THE TELECOM OPERATORS WHO WOULD HAVE TAKEN A HIT ON THEIR REVENUES, IF THE PER-SECOND-BILLING MODEL WAS TO BECOME MANDATORY, AS TELCOS ARE ALREADY FACING LOW REVENUES PER SUBSCRIBER. TELECOM STOCKS HAD TUMBLED IN THE RECENT PAST ON CONCERNS OVER DECLINING TARIFFS AND RISING COMPETITION.
TODAY MARKET WOULD BE ON THE POSITIVE OPENING OF AROUND 40 POINTS AND IF NIFTY TRADES ABOVE 5160 ON VOLUMES THEN WE CAN SEE NIFTY TO HAVE RESISTANCE AROUND 5190 LEVELS AND TODAY IF NIFTY CLOSES ANYWHERE ABOVE 5160 IT IS A VERY GOOD CLOSING AND ONE HAS TO CONSIDER IT AS A SCOPE OF FURTHER UPSIDE AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5107 THEN WE CAN SEE NIFTY TO COME DOWN TO 5086 AND IF NIFTY TRADES BELOW THIS POINT THEN IT IS EVIDNET THAT NIFTY MAY TAKE SUPPORT AT 5067. CLOSING ANYTHING ABOVE 5086 IS CONSIDERED TO BE POSITIVE AND CLOSING ABOVE 5160 IS CONSIDERED TO BE QUITE STRONG AND CLOSING BELOW 5086 IS CONSIDERED TO BE NEGATIVE AND BELOW 5067 IS WEAK.
BUY NAGARJUNA CONST SL 174 TGT 184/186/188
BUY ESSAR OIL SL 158 TGT 167/169/172
BUY JINDAL SAW FUTURES SL 737 TGT 760/769/777
BUY JINDALSTEELFUTURES SL 665 TGT 675/680/688
BUY M&M SL966 TGT 981/987/994
BUY CAIRN SL 278 TGT 284/288

INTRADAY TIPS FOR 14 OCTOBER 2009

GOOD MORNING!!!

KEY INDICES LAST DAY HAVE ENDED GAINING HANDSOMELY WITH ROBUST GROWTH IN INDUSTRIAL OUTPUT DATA AND ANIL AMBANI'S RENEWED EFFORT TO END THE BITTER FEUD RELATED THE SPLIT OF THE FAMILY BUSINESS EMPIRE WHICH RANGE IN ENERGY, TELECOMM AND FINANCIAL SECTORS. MARKET OPENED HIGH ON ANIL AMBANI'S DECISION TO CALL A TRUCE ON DISPUTE WITH ELDER BROTHER MUKESH AMBANI AND LATER INDUSTRIAL OUTPUT DATA GAVE MORE IMPACT FOR SURGING AND THE IMPORTANT STATMENT WHICH DIDNT LET THE MARKET DOWN WAS OUR PRIME MINISTER DR. MANMOHAN SINGH STATEMENT SAYING, THE ECONOMIC STIMULUS WILL CONTINUE. Q2 RESULTS FAVOURING MARKETS IN SECOTORS LIKE BANKING, CEMENT AND AUTO'S AND METALS FIRMS ARE REPORITNG FALL IN NET PROFITS DUE TO A SHARP FALL IN METAL PRICES ON YEAR ON YEAR BASIS. OUTLOOK SEEN POSITIVE WITH OVERALL HEALTH OF OF THE MARKET CLOSING ON STRONG NOTE.

TODAY MARKET LOOKS POSITIVE. MARKET WOULD OPEN GAP UP OF AROUND 40 POINTS AND LIKELY TO REMAIN RANGE BOUND LATER. IF NIFTY TRADES ABOVE 5070 THEN IT WOULD SOON RESIST TO SURPASS 5090 BUT IF NIFTY SUSTAINS ABOVE 5090 WE CAN SEE NIFTY TO MOVE TO 5130 LEVELS AND ANY CLOSE ABOVE 5090 IS CONSIDERED TO BE VERY STRONG CLOSING FOR THE YEAR AND WOULD SEE SOME MORE UPSIDE FROM THAT POINT. ONE CAN CONCENTRATE ON CEMENT SECTOR AND AUTO FOR HOLDING. AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5024 THEN WE CAN EXPECT SOME DOWNSIDE IN THE INTRADAY TO 4986 AND TRADING BELOW THIS LEVEL WITH VOLUMES WILL WEAKEN THE STRUCTURE OF THE MARKET AND MAY SEE SUPPORT AT 4865 AND ANY CLOSE BELOW 4986 IS CONSIDERED WEAK AND ONE IS ADVICED TO EXIT LONGS TO THE MAXIMUM AND ANY CLOSE BELOW 4926 IS ADVICED TO EXIT LONGS AND GO SHORT IN METALS AND STOCKS WHICH ARE WEAK.

BUY ADLABS SL 351 TGT 357/360/365
BUY DABUR SL 144 TGT 146/148/149.8
BUY SESAGOA SL 294.45 TGT 305/309
BUY SBIN SL 2165 TGT 2200/2218/2235
BUY TITAN SL 1447 TGT 1481/1490/1500

BUY GAMMON INFRA PROJ SL 90* (ONE CAN BOOK DECENT PROFITS INTRADAY AND CAN EVEN HOLD)

SELL PIRHEALTH FUTURES BELOW 490 SL 496 TGT 463/456
SELL BAJAJHIND BELOW 182.5 SL 184.25 TGT 180/177
POSITIONAL PICKS
BUY VISHAL RETAIL TGT 100/120

INTRADAY TIPS FOR 12 OCTOBER 20009

GOOD MORNING!!!

THE KEY BENCHMARK INDICES EXTENDED LOSSES TO HIT FRESH DAY'S LOW IN MID-AFTERNOON TRADE TRACKING WEAK EUROPEAN STOCKS. INTRADAY VOLATILITY WAS HIGH EARLIER IN THE DAY. MARKET BREADTH TURNED NEGATIVE. IT STOCKS EXTENDED LOSSES AFTER IT BELLWETHER INFOSYS SAID STRENGTHENING RUPEE WAS A BIG CONCERN FOR ITS EARNINGS. BANKING STOCKS FELL ON WORRIES INTEREST RATES MAY HARDEN. AUTO STOCKS SLIPPED. STOCK AND SECTOR-SPECIFIC ACTIVITY MAY DOMINATE TRADE IN THE COMING DAYS BASED ON EXPECTATIONS ON Q2 SEPTEMBER 2009 RESULTS. AUTO FIRMS ARE SEEN REPORTING STRONG Q2 RESULTS ON STRONG VOLUME GROWTH AND ON LOWER INPUT COSTS. CEMENT FIRMS TOO ARE SEEN REPORTING GOOD Q2 NUMBERS ON THE BACK OF VOLUME GROWTH, HIGHER REALIZATION AND DECLINE IN COSTS LIKE IMPORTED COAL. METAL FIRMS ARE SEEN REPORTING FALL IN NET PROFIT DUE TO A SHARP FALL IN METAL PRICES ON YEAR-ON-YEAR BASIS.

TODAY MARKET WOULD OPEN SLIGHTLY POSITIVE BUT THE MARKET VOLTALITY TO REMAIN VERY HIGH, PROFIT BOOKING CANNOT BE RULED OUT AT EVERY HIGHER LEVELS, STOCK SPECIFIC MOVEMENT MAY BE SEEN ONE SHOULD CONCENTRATE MORE ON HIGH QUALITY MIDCAP STOCKS. IF NIFTY BELOW 4920 THEN 4890 AND TRADE BELOW 4890 WOULD LEAD NIFTY TO 4865 AND THEN TO 4823 AND ON THE UPSIDE IF NIFTY TRADES ABOVE 4975 THEN WE CAN SEE NIFTY TO MOVE UP TO 5035 AND TRADE ABOVE THIS LEVEL WOULD LEAD TO 5080. OVERALL MARKET LOOKS WEAK AT THIS STAGE ONE NEEDS TO BE VERY CAUTIOUS BEFORE GOING ON POSITIVE SIDE. WE WOULD SUGGEST TO REMAIN OUT OF BUYING POSITIONS IN HUGE COUNTERS AND HUGE QUANTITIES AND WOULD SUGGEST YOU TO ENTER ONLY STOCK SPECIFIC AND WITH LESS QUANTITY OF SHARES
SELL TATAMOTORS SL 553 TGT 530/520/511
SELL STERLITE SL 812 TGT 776/764
SELL PNB SL 832 TGT 807/798/789
SELL ABAN AROUND 1605 SL 1616 TGT 1581/ 1565/1550

INTRADAY TIPS FOR 09 OCTOBER 2009

GOOD MORNING!!!

KEY INDICES REMAINED FIRM AND TRADED IN GREEN MOST OF THE TIME NIFTY CLOSING ABOVE THE PSYCHOLOGICAL 5000 MARKET. INDICIES WERE SUPPORTED BY GLOBAL STOCKS WITH HIGHER US INDEX FUTURES AND OPTIMISM ABOUT QUARTER 2 RESULTS. OVERALL INTRADAY VOLATALITY ON THE BOURSES WAS HIGH. STOCK AND SECTOR SPECIFIC ACTIVITY MAY DOMINATE TRADE IN THE COMING DAYS BASED ON EXPECTATIONS ON Q2 RESULTS. INFOSYS TO KICKSTART THE REPORTING STRONG Q2 RESULTS ON STRONG VOLUME GROWTH AND ON LOWER INPUT COSTS. METAL FIRMS ARE SEEN REPORTING FALL IN NET PROFIT DUE TO SHARP FALL IN METAL PRICES ON YEAR-ON-YEAR BASIS.

MARKETS TODAY WOULD OPEN STRONG WITH INFOSYS RESULTS ON THE POSITIVE NOTE. IF NIFTY TRADES ABOVE 5018 THEN WE CAN SEE NIFTY FACE RESISTANCE AT 5056 AND TRADE ABOVE 5068 WILL LEAD NIFTY TO 5130 AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4960 THEN WE CAN SEE NIFTY TO TOUCH 4920 AND BREAK BELOW THIS LEVEL WOULD LEAD NIFTY TO 4892. ANY CLOSE BELOW 4960 IS WEAK CLOSING AND ANY CLOSE ABOVE IT IS GOOD TO STAY LONG.

BUY JPASSOCIATES SL 241.4 TGT 246.5/248.5/252.4
BUY UNITECH SL 98.9 TGT 103.4/105/106.5
BUY TATA MOTOR SL 582 TGT 600/607/613
BUY HCC SL 130 TGT 135/136.9
BUY AXIS SL 999 TGT 1020/1027

INTRADAY TIPS FOR 08 OCTOBER 2009

GOOD MORNING!!!

LAST DAY WE HAVE WITNESSED A HIGHLY VOLATILE SESSION. INTRADAY VOLATALITY WAS IMMENSE. AFTER AN INTIAL SURGE IN THE MARKETS DUE TO FIRM GLOBAL QUES LAID OFF GAINS IN THE SECOND HALF OF THE SESSION. IT STOCKS DROPPED ON A RALLY IN RUPEE. THE MAJOR INDICES PLAYER SBI AND ICICI BANK IN BANKING SECTORY LED A SUDDEN FALL WITH SELL OFF IN THEM. DESPITE CORRECTION IN THE MARKET, MARKET DIDNT BECOME THAT WEAK TO GO FOR SHORTS. MARKETS MANAGED TO CLOSE SLIGHTLY ABOVE THE POINT OF SUPPORT. AFTER MARKET HOURS INDEX HEAVYWEIGHT RIL SURPRISED THE STREET WITH A LIBER 1:1 BONUS ANNOUNCEMENT.

TODAY MARKET WOULD BE RANGE BOUND WITH INITIAL UPMOVE AS LONG AS NIFTY REMAINS ABOVE 5020 IT IS LIKELY TO MAKE A JOURNEY TOWORDS NORTH AND DURING INTRADAY ONE CAN LOOK FOR A TARGET OF 5084 BREAK ABOVE 5090 WOULD TAKE NIFTY TO 5136 AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 4955 THEN ONE CAN LOOK FOR A TARGET OF 4872.

BUY BAJAJHIND SL 186.4 TGT 191/193.5/195
BUY TITAN SL 1339 TGT 1385/1405
BUY IBREAL SL 275.4 TGT 283/287/290
BUY JSL SL 108 TGT 113.8/117.5/122
BUY MARUTI ONLY ABOVE 1555 SL 1539 TGT 1573/1600

INTRADAY TIPS FOR 07 OCTOBER 2008

GOOD MORNING!!!

INDICES LOGGED GOOD GAINS IN A VERY VOLATILE TRADING SESSION. STRONG INTRADAY REBOUND WAS BASED ON EXPECTATIONS OF STRONG Q2 RESULTS. THOUGH BREADTH OF THE MARKET REMAINED POSITIVE, SMALL AND MID-CAP STOCKS FAILED TO CATCH THE FRONT END STOCKS. FMCG SECTOR AGAIN GAINED FOR THE STRAIGHT SECOND DAY ON DEFENSIVE BUYING. BANKING AND METALS ALSO LOGGED SMART GAINS AFTER AN EARLY HICCUP. TELECOM STOCKS WERE HAMMERED FOR THE SECOND RUNNING DAY ON WORRIES FALLING TARIFFS AND INCREASING COMPETITION WILL HURT THE SECTOR'S PROFITABILITY. INTRADAY VOLATILITY WAS IMMENSE.BANK STOCKS LED AN INTRADAY REBOUND IN AFTERNOON TRADE. THE RECOVERY GATHERED STEAM WITH THE SENSEX REGAINING POSITIVE ZONE IN MID-AFTERNOON TRADE. THE MARKET STRUCK A FRESH INTRADAY HIGH IN LATE TRADE. STOCK AND SECTOR-SPECIFIC ACTIVITY MAY DOMINATE TRADE IN THE COMING DAYS BASED ON EXPECTATIONS ON Q2 RESULTS, WHICH WILL START TRICKLING IN SOON. AUTO FIRMS AND CEMENT FIRMS ARE SEEN REPORTING STRONG Q2 RESULTS ON THE BACK STRONG VOLUME GROWTH, LOWER INPUT COSTS AND ON HIGHER REALISATIONS. BANKS ARE SEEN REPORTING A SEDATE GROWTH IN CORE LENDING. A SHARP SURGE IN EQUITY MARKETS MAY HELP TREASURY GAINS FOR SOME BANKS.

TODAY, WITH THE STRONG RALLY ON THE LAST DAY AND WITH ALL GLOBAL QUES ON THE POSITIVE TERRAIN MARKETS MAY OPEN HIGH AND REMAIN IN THE POSITIVE ZONE. TODAY IF NIFTY TRADES ABOVE 5030 THEN IT IS QUITE EVIDENT THAT MARKET WILL GO TO 5090 AND TRADE ABOVE 5090 WILL HIT NEW HIGHS OF THE YEAR AND IS LIKELY TO TAKE NIFTY TO 5136 LEVELS. ON THE NEGATIVE SIDE OF THE MARKET IF NIFTY TRADES BELOW 5020 THEN YOU CAN SEE NIFTY TO SLIDE DOWN TO 4985 AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY TO 4960 AND CLOSE BELOW 4985 IS CONSIDERED AS A POINT OF EXIT ONLY ON THE CLOSING BASIS.

BUY JSW STEEL SL 863 TGT 875/884/894
BUY HINDALCO SL 123.40 TGT 128/130/132
BUY RELINFRA SL 1269 TGT 1306/1319/1338
BUY TATASTEEL SL 503 TGT 526/532/540
BUY SAIL SL 164 TGT 168/172/175
BUY KFA SL 58.4 TGT 61/62
SELL RCOM BELOW 264.4 SL 272 TGT 251/239/226
POSITIONAL TRADE
BUY SULZER INDIA (MEDIUM TERM)**

INTRADAY TIPS FOR 06 OCTOBER 2009

GOOD MORNING!!!

MARKET OPENED WEAK ON GLOBAL QUES AND EXTENDED THEIR LOSSES, BUT BUYING IN SOME STOCK SPECIFIC COUNTERS HAS HELPED THE MARKETS TO CONTAIN THE LOSSES. MARKET BREADTH WEAKEND, TELECOM SHARES WERE THE CHIEF CASUALITIES OF THE DAY FOLLOWING REPORTS OF LIKELY DELAY IN THE THIRD GENERATION AUCTION PROCESS. FMCG AND PHARMA WERE POSITIVE.

TODAY MARKETS MAY OPEN POSITIVE WITH ALL GLOBAL INDICES MAKING A POSITIVE MOVE, MARKETS ARE STILL LOOKING STRONG STRUCTURALLY THOUGH THE MOMENTUM OF MARKETS ON INTRADAY BASIS HAVE GIVEN WEAKNESS AS ADVISED YESTERDAY TO STAY LONG ABOVE 4960 ONE HAS TO KEEP THIS LEVEL IN MIND AND KEEP BUYING ON DIPS AND ANY DOWNSIDE BELOW 4960 MAY TAKE NIFTY TO MUCH LOWER LEVELS. ON TRADING FRONT IF NIFTY TRADES BELOW 4990 THEN IT IS EXPECTED TO SLIDE DOWN TO 4960 LEVELS TRADING BELOW THIS LEVELS WITH GOOD VOLUMES WOULD TAKE NIFTY 4910 LEVELS AND ANY CLOSE BELOW 4960 IS CRUCIAL AND ONE IS ADVISED TO EXIT LONGS AND ONE CAN STAY SHORT. AND ON THE POSITIVE FRONT IF NIFTY TRADES ABOVE 5017 THEN IT CAN MOVE TO 5050 AND BREAK ABOVE THIS LEVEL WOULD TAKE NIFTY TO 5077 AND CLOSE ABOVE 5050 ONE CAN REMAIN LONG.

BUY JSW STEEL SL 829 TGT 848/865/874
BUY CANBANK SL 315.4 TGT 321.5/323.4/327
BUY IBREAL SL 262 TGT 269/272/275
BUY NAGARCONT SL 148 TGT 152/155
BUY SPICE JET SL 33 TGT 37/38
BUY BANK NIFTY FUTURES SL 8640 TGT 8750/8815

INTRADAY TIPS FOR 05 OCTOBER 2009

GOOD MORNING!!!

LAST TRADING SESSION WAS YET AGAIN A NEW HIGH FOR THE NIFTY, NIFTY STUCK 17 MONTH HIGH , AFTER A FIRM OPENING EXTENDING GAINS FOR THE STRAIGHT THIRD DAY. MARKET MANAGED TO CLOSE SLIGHTLY IN THE POSITIVE TERRAIN AFTER HOVERING IN POSITIVE AND NEGATIVE ZONES ON THE PROFIT BOOKING DUE TO LONG WEEK END. GAINS IN IT PIVOTALS WERE OFFSET BY PROFIT BOOKING IN OIL AND GAS STOCKS.

TODAY MARKETS LOOK WEAK ON THE WEAK GLOBAS CUES BUT ONE HAS TO KEEP A NOTE OF MARKETS THAT THEY ARE STRUCTURALLY STILL STRONG ENOUGH ONE HAS TO WATCH OUT FOR THE KEY LEVELS SPECIFIED BELOW AND IS ADVISED ONLY TO SHORT OR GO LONG ON THE LEVELS INDICATED AND EVERYONE IS CAUTIONED THAT THIS IS THE PHASE WERE ONE HAS TO BE VERY STRICT WITH THE LEVELS ON THE NEGATIVE SIDE IF MARKETS TRADE BELOW 5061 THEN IS LIKELY TO GO DOWN TO 5016 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 4960 AND THEN TO 4920 ANY THING BELOW 4960 IS CONSIDERED TO BE WEAK CLOSE BELOW THIS LEVEL ONE CAN GO SHORT AND ON THE UPFRONT IF NIFTY TRADES ABOVE 5090 ONE CAN GO LONG IT IS LIKELY TO SEE NIFTY TO THE NEW HIGHS IF TRADED ABOVE 5090 THE NEXT LEVEL WE CAN SEE IS 5136.

BUY JSL ONLY ABOVE 100 SL 96 TGT 105/108
BUY AXIS BANK ONLY ABOVE 1015 SL 999 TGT 1034/1049
BUY IDFC ABOVE 155.4 SL 152.4 TGT 160/162
SELL HEROHONDA SL 1650 TGT 1620
SELL STER SL 786 TGT 765/753/741
SELL DLF SL 444 TGT 428/418

INTRADAY TIPS FOR 01 OCTOBER 2009

GOOD MORNING!!!

TODAY MARKETS ARE HIGHLY VOLATILE WITH VERY RANGE BOUND. MARKET AT NO POINT IS CONSIDERED TO BE WEAK IN THE CURRENT TREND OF THE MARKET, THE HEALTH OF THE MARKET IS VERY STRONG AND LIKELY TO RECOVER EVEN AFTER A SLIGHT DECLINE ONE IS ADVISED TO FOLLOW THE FOLLOWING LEVELS FOR INITIATING SHORT AND LONG POSITIONS. TODAY IF NIFTY TRADES BELOW 5018 IT IS ADVICED TO EXIT LONG POSITIONS AND ANYTHING ABOVE 5020 ONE IS ADVISED TO BE ON THE LONG SIDE. IF NIFTY TRADES ABOVE 5020 THEN WE CAN SEE NIFTY TO 5090 AND BREAK ABOVE THIS POINT WE CAN SEE NIFTY AT 5130 AND ON THE NEGATIVE FRONT IF NIFTY TRADES BELOW 5018 ONE IS ADVISED TO EXIT LONGS AND INITIATE SHORTS ONLY 4984 AND BREAK BELOW THIS LEVEL ONE CAN CARRY SHORTS FOR A FRESH TARGETS OF 4940. ONE CAN EYE BHARTI.

BUY BHARTI SL 414 TGT 436/465/513 **
BUY HCC FUTURES SL 128 TGT 134/137/140
BUY MARUTI AROUND 1680 LEVELS SL 1674 TGT 1700/1720
BUY BEML FUTURES SL 1054 TGT 1097/1116/1125
BUY DLF SL 432 TGT 439/442/447