INTRADAY TIPS FOR 30 NOVEMBER 2009

GOOD MORNING!!!

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

INTRADAY TIPS FOR 27 NOVEMEBER 2009

GOOD MORNING!!!

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

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

INTRADAY TIPS FOR 26 NOVEMBER 2009

GOOD MORNING!!!

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

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

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

INTRADAY TIPS FOR 25 NOVEMBER 2009

GOOD MORNING!!!

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

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

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

INTRADAY TIPS FOR 24 NOVEMBER 2009

GOOD MORNING!!!

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

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

INTRADAY TIPS FOR 23 NOVEMBER 2009

GOOD MORNING!!!

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

INTRADAY TIPS FOR 20 NOVEMBER 2009

GOOD MORNING!!!

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

SELL SIEMENS SL 559 TGT 546/537/526

INTRADAY TIPS FOR 19 NOVEMBER 2009

GOOD MORNING!!!

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

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

INTRADAY TIPS FOR 18 NOVEMBER 2009

GOOD MORNING!!!

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

INTRADAY TIPS FOR 17 NOVEMBER 2009

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

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

INTRADAY TIPS FOR 16 NOVEMBER 2009

GOOD MORNING!!!

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

INTRADAY TIPS FOR 13 NOVEMBER 2009

GOOD MORNING!!!

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

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

INTRADAY TIPS FOR 12 NOVEMBER 2009

GOOD MORNING!!!

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

POSITIONAL TRADES

BUY PURAVANKARA FOR 50% RETURNS IN MEDIUM TERM

INTRADAY TIPS FOR 11 NOVEMBER 2009

GOOD MORNING!!!

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

INTRADAY TIPS FOR 10 NOVEMBER 2009

GOOD MORNING!!!

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

INTRADAY TIPS FOR 09 NOVEMBER 2009

GOOD MORNING!!!

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

FOR LIVE TIPS ONE HAS TO CALL UP 9490116984

INTRADAY TIPS FOR 06 NOVEMBER 2009

GOOD MORNING!!!

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

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

INTRADAY TIPS FOR 05 NOVEMBER 2009

GOOD MORNING!!!

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

INTRADAY TIPS FOR 04 NOVEMBER 2009

GOOD MORNING!!!

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

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

BUY DLF SL 339 TGT 347/356/362

INTRADAY TIPS FOR 03 NOVEMBER 2009

GOOD MORNING!!!

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

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

POSITIONAL TRADE

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