INTRADAY TIPS FOR 31 DECEMBER 2009

GOOD MORNING!!!
WISHING YOU A HAPPY AND PROSPEROUS NEW YEAR 2010

LOWER INDEX FUTURES AND CONSOLIDATION IN EUROPEAN MARKETS TRIGGERED INDIAN INDICES IN PROFIT TAKING. VOLATALITY WAS HIGH AS TRADERS HAVE ROLLED OVER THEIR POSITIONS FROM THE PRESENT MONTH CONTRACT TO THE NEXT MONTH. WE HAVE WITNESSED SOME PROFIT TAKING AFTER A STRAIGHT 4 DAY RALLY, THOUGH WE HAVE WITNESSED SOME PROFIT BOOKING MARKET BREADTH REMAINED STRONG. THERE WAS HIGH ROLLOVER IN TELECOM, BANKING AND FMCG STOCKS AND LOW ROLLOVERS SEEN IN PHARMA AND IT AND LEAST ROLLOVER WAS WITNESSED IN REAL ESTATE.

TODAY WE MAY SEE NIFTY TO BE HIGHLY RANGE BOUND WITH THE EXPIRY. NIFTY MAY TRADE IN NARRO RANGE BOUND WITH POSITIVE BIAS BUT WOULD SUSTAIN ONLY ON THE LEVELS INDICATED BELOW. IF NIFTY TRADES ABOVE 5200 THEN LIKELY TO MOVE UP TO 5222 WHICH IS AGAIN A STIFF RESISTANCE BREAK ABOVE THIS WOULD TAKE NIFTY TO 5250 AND THEN 5270 AND ON THE DOWN SIDE IF NIFTY TRADES BELOW 5160 THEN WE MAY HEAD TOWARDS 5120 AND BREAK BELOW AND SUSTAINED SELLING WOULD DRIFT DOWN TO 5058 LEVELS. BE CAUTIOUS DON’T SHORT ANYTHING IN THE MARKET AS MARKET STILL LOOKING POSITIVE AND BE AWAY FROM BANKING STOCKS. STOCKS LIKE LT, ITC ARE LOOKING WEAK

BUY INDIAN HOTEL SL 100.90 TGT 103/105
BUY HINDOIL EXPLORATION SL 287 TGT 307/312/318
BUY RELINFRA SL 1144 TGT 1169/1179

INTRADAY TIPS FOR 30 DECEMBER 2009

GOOD MORNING!!!

KEY INDICES EXTENDED GAINS FOR THE FOURTH STRAIGHT SESSION ON SUSTAINED BUYING, INDICES HELD AT THEIR HIGHEST LEVEL IN 19 MONTHS. GLOBAL CUES WERE POSITIVE WITH EUROPEAN STOCKS AND MOST ASIAN MARKETS TRADING FIRM. VOLATILITY ROSE AS TRADING PROGRESSED. THE MARKET BREADTH WAS STRONG. POWER GENERATION STOCKS WITNESSED AN ACROSS THE BOARD RALLY ON FRESH BUYING. TELECOM SHARES GAINED. HOWEVER, SOFTWARE PIVOTALS ALSO DECLINED ON PROFIT BOOKING AFTER A RECENT STRONG UPMOVE WHICH HAD PROPELLED SOME OF THE COUNTERS TO A 52-WEEK HIGH. AUTO STOCKS WERE MIXED. HEAVYWEIGHTS RELIANCE INDUSTRIES AND ICICI BANK ROSE. A SELL-OFF PULLED THE MARKET OFF THE HIGHER LEVEL IN LATE TRADE.
TODAY WE MAY SEE NIFTY TO BE RANGE BOUND WITH HIGH VOLATILITY AND STOCK SPECIFIC MOVES. IF NIFTY TRADES ABOVE 5200 THEN WE MAY LIKELY TO HEAD TOWARDS 5222 AND THEN TO 5250 LEVELS AND IF IT TRADES ABOVE 5250 WE MAY SEE NIFTY TO MOVE UP TO 5270 THIS IS CONSIDERED TO BE CRUCIAL RESISTANCE AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5190 THEN LIKELY TO HEAD TO 5160 AND THEN TO 5120 LEVELS AND ANY BREAK BELOW 5120 WILL DRAG NIFTY TO 5058 LEVELS. IF NIFTY CLOSES BELOW 5190 LEVELS IT IS ADVISED TO EXIT POSITIONS AS WE MAY SEE HIGHLY VOLATILE SESSION TOMORROW AS WELL AHEAD OF EXPIRY AND CLOSING BELOW 5120 WE MAY WITNESS HIGH SELLING.
NIFTY BELOW 5190 SL 5198 TGT 5179/5167/ 5159/5147
NIFTY ABOVE 5198 SL 5190 TGT 5210/5222/5228/5240

BUY HCC SL 145 TGT 152/155
BUY TINPLATE SL 68 TGT 75/77
BUY MOSERBAER SL 84 TGT 87.5/88.6
BUY SWISS GLASSCOAT SL 37 TGT 43/45
BUY KINGFISHER SL 59.4 TGT 62.4/63.6 (CAN HOLD POSITIONALLY IF CLOSES ABOVE 63.6)
BUY ONWARD TECHNOLOGIES LTD TGT 46 (CAN HOLD POSITIONALLY FOR A TGT OF 100%/150%/200%)

INTRADAY TIPS FOR 29 DECEMBER 2009

GOOD MORNING!!!

MARKET ON THE THURSDAY WAS EXCEPTIONALLY OUTPERFORMED WITH BULLS TAKING A VERY UPPER HAND AND SUPPORTIVE HAND FROM FOREIGN INSTITUTIONAL INVESTORS LENDING THEIR QUALITY HAND IN TAKING THE NIFTY TO THE 19 MONTH HIGH. ALL THE SECTORS HAVE OUTPERFORMED IN THE LAST TRADING SESSION. WE MAY SEE MARKETS TO REMAIN HIGHLY VOLATILE IN THE WEEK AHEAD AS TRADERS WILL ROLL OVER POSITIONS IN THE DERIVATIVE SEGMENT AHEAD OF EXPIRY. FROM NOW ON WE MAY SEE VERY CAUTIOUS OPTIMISM IN THE MARKETS.

TODAY MARKET MAY OPEN POSITIVE AND REMAIN IN A POSITIVE ZONE WITH NIFTY BREAKING VERY CRUCIAL RESISTANCE LEVELS IN THE LAST TRADING SESSIONS WITH THE HIGHER ADVANCE TAX FIGURES 44% WHICH IS A KEY TO THE GROWTH AND THERE BY SUGGESTING THE BETTER THIRD QUARTER RESULTS MARKET MAY NOT GIVE UP AT THIS JUNCTURE AND LIKELY TO HOLD THE LEVELS. TRADING VOLUMES IN THE MARKET MAY COME DOWN DRASTICALLY WITH MANY FOREIGN AND DOMESTIC FUND MANAGERS TAKING A LONG BREAK WITH A FOUR DAY HOLIDAY AND FRIDAY THE 1ST OF JANUARY 2010 BEING HOLIDAY MIGHT USE THIS OPPORTUNITY FOR A YEAR END VACATION AND TRADING VOLUMES MAY RESUME ONLY AFTER 2ND JANUARY 2010. THE ONLY CONCERN IN THE PRESENT SITUATION IN THE MARKET IS FOOD PRICE INDEX AS FOOD INFLATION IS HOVERING AT 20% WHICH IS A MATTER OF CONCERN. IF NIFTY TRADES ABOVE 5191 THEN IT IS LIKELY TO GO TO 5236 AND THEN 5254 LEVELS ANY CLOSE ABOVE 5200 WILL TAKE NIFTY TO NEW HIGHS. ON THE NEGATIVE SIDE IF NIFTY BREAKS BELOW 5180 THEN MAY FIND ITS WAY TO 5163 AND THEN IT MAY TAKE SUPPORT AT 5134 AND BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5117, ANY CLOSE BELOW 5163 IS A CAUTION TO STAY AWAY FROM LONGS AND EVERYONE IS CAUTIONED TO STAY INVESTED ONLY 25% OF THE CAPITAL AS THE MARKET IS AT ITS PEAK AND TRADING IN WAVE 5 ACCORDING TO ELLIOT WAVE THEORY

BUY TATAMOTORS SL 774 TGT 785/794/811
BUY IBREAL SL 214.9 TGT 224/228
BUY RELINFRA SL 1074 TGT 1113/1131
BUY SIEMENS SL 569 TGT 583/589
BUY HOTELLEELA SL 43.5 TGT 46.35/48
BUY HCC SL 145 TGT 152.5/157.65
POSITIONAL TRADES
BUY MEDICAMEN BIOTECH AT 24 TGT 47/120

INTRADAY TIPS FOR 24 DECEMBER 2009

GOOD MORNING!!!

ALL THE INDICES IN THE MARKET HAVE OUTPERFORMED AFTER THE FINANCE MINISTER, PRANAB MUKHERJEE, SAID THE ECONOMY COULD GROW BY 7.5% TO 8% DURING THE CURRENT FINANCIAL YEAR, THIS HAS TRIGGERED THE MARKETS TO THE NEW HIGH WITH FII’S PARTICIPATING IN A HIGH NOTE ALONG WITH RETAILERS. ALL THE FRONT END STOCKS HAVE MOVED EXCEPTIONALLY WELL. ON THE TECHNICAL TERMS AS TOLD TO EVERYONE ONE SHOULD GO LONG WITH A STRICT STOPLOSS OF 4940 MARKET HAS TAKEN STRONG SUPPORT AT THIS JUNCTURE AND HAS BOUNCED BACK AS TOLD, THIS BULL RUN WILL CONTINUE IF NIFTY BREAKS 5240 AND SUSTAINS WITH VOLUMES.
TODAY IF NIFTY TRADES ABOVE 5164 THEN WE ARE LIKELY TO RESIST 5190 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5350 LEVELS ANY CLOSING ABOVE 5200 IS EXPECTED TO BE VERY BULLISH AND ONE CAN GO LONG. IF NIFTY BREAKS BELOW 5140 THEN LIKELY TO COME DOWN TO 5106 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 5070 WHICH WE MAY NOT SEE TODAY.
BUY JINDALSTEEL SL 720 TGT 735/745/752
BUY SAIL SL 234 TGT 239/243/249
BUY SUZLON SL 87.4 TGT 90.5/94.3/98
BUY PRAJ SL 100.85 TGT 104.5/107.8/110

INTRADAY TIPS FOR 23 DECEMBER 2009

GOOD MORNING!!!

INDICES EDGED HIGHER AFTER A THREE DAY FALL TRIGGERED BY WORLD INDICES ALONG WITH HIGHER ADVANCE TAX PAYMENT. BANKING AND REALTY STOCKS GAINED. METAL STOCKS ALSO ROSE TRACKING HIGHER METAL PRICES ON THE LONDON METAL EXCHANGE. THE MARKET BREADTH WAS STRONG. THE GOVERNMENT HAS SIGNED TWO LOAN AGREEMENTS TOTALLING $850 MILLION WITH THE ASIAN DEVELOPMENT BANK (ADB), THE FINANCE MINISTRY SAID IN A STATEMENT ON TUESDAY. THE ADB WILL PROVIDE A $700-MILLION LOAN, IN THREE TRANCHES IN AS MANY YEARS, TO STATE-RUN INDIA INFRASTRUCTURE FINANCE COMPANY TO FUND THE COUNTRY'S INFRASTRUCTURE PROGRAMME. THE MANILA-BASED BANK WILL LEND $150 MILLION IN FOUR TRANCHES OVER A PERIOD OF THREE YEARS, THE STATEMENT ADDED, FOR THE RESTRUCTURING AND DEVELOPMENT OF KHADI INDUSTRY, WHICH MAKES INDIA'S TRADITIONAL HANDSPUN FABRIC. KEEP AN EYE ON MEDIA STOCKS, AND OIL

TODAY MARKETS WOULD BE VOLATILE AND RANGE BOUND NIFTY AS TOLD TOOK GOOD SUPPORT AT 4940 LEVELS AND BOUNCED BACK, IF NIFTY BREAKS 5003 THEN WILL HEAD TOWARDS 5070 LEVELS AND BREAK BELOW 4940 WOULD TAKE NIFTY TO MUCH LOWER LEVELS AS TOLD IN THE PREVIOUS TRANSCRIPT.

BUY JINDAL STEEL SL 709 TGT 719/725
BUY BPCL SL 604 TGT 616/624/640
BUY SAIL SL 222 TGT 230/234
BUY TATASTEEL SL 574 TGT 584/590
BUY IBREAL SL 207 TGT 216/218

INTRADAY TIPS FOR 22 DECEMBER 2009

GOOD MORNING!!!

INDICES SLUMPED TO HIT FRESH DAY'S LOW IN LATE TRADE. REALTY, METAL, AUTO AND CAPITAL GOODS STOCKS FELL. THE MARKET WAS VOLATILE. THE MARKET EDGED LOWER IN EARLY TRADE ON WEAK ASIAN STOCKS. THE MARKET CUT LOSSES AFTER HITTING FRESH INTRADAY LOW IN MORNING TRADE. THE MARKET MOVED BETWEEN POSITIVE AND NEGATIVE ZONE NEAR THE FLAT LINE IN EARLY AFTERNOON TRADE. THE MARKET WEAKENED ONCE AGAIN IN AFTERNOON TRADE. MARKET SLUMPED TO HIT FRESH DAY'S LOW IN LATE TRADE. AS PER REPORTS, INDIAN FIRMS PAID 24% MORE IN ADVANCE TAX FOR THE OCTOBER-DECEMBER 2009 YEAR-ON-YEAR, SUGGESTING HIGHER PROFIT GROWTH AS ECONOMIC RECOVERY PICKED UP PACE. TOP 100 FIRMS' ADVANCE TAX PAYMENTS WERE UP MORE THAN 30% IN THE DECEMBER 2009 QUARTER.

TODAY MARKETS LOOKS VOLATILE AND RANGE BOUND, ONE CAN TAKE LONG POSITIONS IF NIFTY IS ABOVE 4940 AND ANY CLOSE BELOW 4940 IS CONSIDERED TO BE VERY WEAK AND NIFTY EXPECTED TO DECLINE MUCH FURTHER THAN ANTICIPATED, IT CAN TOUCH 4800, ON INTRADAY TERMS NIFTY IF BREAKS 4940 THEN WE CAN SEE NIFTY TO TAKE SUPPORTS AT THE FOLLOWING LEVELS 4917 AND BREAK BELOW THIS WOULD TAKE SUPPORT AT 4893. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 4952 THEN IT IS LIKELY TO TOUCH 4966 TRADE ABOVE THIS LEVEL WOULD TAKE NIFTY TO 4980 AND BREAK ABOVE THIS POINT WILL TAKE NIFTY TO 5003 WHICH IS AGAIN A GOOD RESISTANCE.

BUY HDIL SL 339 TGT 344.9/348/351
BUY KRBL SL 219 TGT 228/236/240.8
BUY AXISBANK ABOVE 957 SL 949 TGT 965/977/985
BUY NTPC SL 208 TGT 210/211.5
SELL HINDALCO SL 138.8 TGT 132/129.40
SELL RECLTD SL 229.70 TGT 226/224/220/80

INTRADAY TIPS FOR 21 DECEMBER 2009

GOOD MORNING!!!

THE KEY BENCHMARK INDICES EXTENDED LOSSES IN LATE TRADE ON SPECULATION THE CENTRAL BANK WOULD TIGHTEN MONETARY POLICY TO HELP STEM RISING PRICES. THE YIELD ON THE 10-YEAR BENCHMARK BOND ROSE TO 7.7%, MATCHING A 13-MONTH HIGH HIT ON 11 DECEMBER 2009., RELIANCE INDUSTRIES AND ICICI BANK, SLUMPED. FMCG, BANKING AND REALTY STOCKS FELL. INTRADAY VOLATILITY WAS HIGH. THE MARKET CUT LOSSES SOON AFTER AN EARLY SLIDE. THE MARKET CAME OFF THE HIGHER LEVEL LATER. THE MARKET RECOVERED FROM LOWER LEVEL AFTER HITTING A FRESH INTRADAY LOW IN MORNING TRADE. THE MARKET SLUMPED, REVERSING COURSE AFTER MOVING INTO POSITIVE ZONE FROM NEGATIVE ZONE FOR A SHORT WHILE IN AFTERNOON TRADE. THE MARKET EXTENDED LOSSES IN LATE TRADE WITH THE SENSEX ENDING AT THE LOWEST LEVEL OF THE DAY.
TODAY MARKET WOULD BE VOLATILE AND RANGE BOUND AND MARKET IS EXPECTED TO BE RANGE BOUND FOR A SHORT PERIOD HERE. NIFTY IF BREAKS AND TRADES BELOW 4940 THEN ONE CAN REMAIN SHORT WITH A STOPLOSS OF 5004 AND ANY CLOSE BELOW 4940 IS CONSIDERED TO BE VERY CRUCIAL ONE CAN STAY IN SHORTS AND CARRY THEM FOR THE NEXT TRADING SESSIONS AS WELL. IF NIFTY CLOSES BELOW 4940 THEN LIKELY TO TEST 4800 LEVELS. AND ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 4996 THEN LIKELY TO MOVE UP TO 5027 AND 5040 AND BREAK ABOVE 5040 THEN LIKELY TO MOVE UP TO 5059 AND ANY CLOSE ABOVE 5059 IS CONSIDERED TO BE VERY GOOD.
BUY WIPRO SL 670 TGT 682/685
BUY TATAMOTORS ABOVE 731 SL 727 TGT 739/746/751/758
BUY ABB ABOVE 763 SL 759 TGT 769/774

BUY TRIVENI ENGG SL 103 TGT 110/113/116

BUY IBREAL SL 204 TGT 212/215

INTRDAY TIPS FOR 18 DECEMBER 2009

GOOD MORNING!!!

INDICES TRADED LOWER IN THE MARKET AS WORLD STOCKS FELL AFTER THE FEDERAL RESERVE DECIDED TO REMOVE EXCESS LIQUIDITY FROM THE FINANCIAL SYSTEM, AS PREVIOUSLY PLANNED. OVERALL MARKET WAS VERY VOLATILE ALL THROUGH THE DAY WITH MOODY’S INVESTORS SERVICE UPGRADATION OF RATING IN 14 BANKING STOCKS FROM BA2 TO BA1 BANKING STOCKS RALLIED. OVERALL BREADTH OF THE MARKET STILL REMAINED STRONGER.

MARKETS HAVE REACHED A STAGE OF CONSLIDATION FOR THE PAST 3 DAYS THOUGH AT THIS STAGE WITH ALL WORLD INDICES IN RED OUR MARKET ALSO LOOKS VOLATILE WITH NEGATIVELY BIASED. IT IS ADVISED TO STAY AWAY FROM HUGE INVESTMENTS AS THE INDICIES ARE IN THE RANGE OF UNCERTAINITY AND AVOID CALL AND PUT OPTIONS AS THE INDICES ARE IN THE SIDEWAY MOVEMENT ALL THE OPTIONS WILL SLOWLY COME DOWN THERE BY NULLIFYING YOUR PREMIUM SO AVOID THEM AT THIS STAGE. I WOULD ADVISE YOU TO TRADE IN LESS QUANTITY AS THE MARKET IS HIGHLY RANGE BOUND AND VOLATILE AND KEEP STOPLOSSES LITTLE DEEPER AND BOOK PROFITS AT REGULAR INTERVALS AS IT WILL PUT YOU IN SAFEST PLACE AND DON’T HOLD ANY POSITION WHEN STOPLOSS TRIGGERS AS THERE IS EVERY POSSIBILITY THAT YOUR MONEY MAY GET STRUCK. TODAY IF NIFTY TRADES BELOW 5020 THEN WE CAN SEE NIFTY TO TAKE SUPPORT AT 5000 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 4940 AND ANY TRADE BELOW 4940 IS WEAK AND ONE CAN INITIATE FRESH SHORTS BELOW 4940 AND HOLD THEM POSITIONALLY. AND ON THE UPSIDE GO LONG ONLY IF NIFTY TRADES ABOVE 5070 ON THE CLOSING BASIS

SELL LT SL 1671 TGT 1641/1635
SELL JSPL SL 723 TGT 708/704/702
SELL HDFC SL 1691 TGT 1658/1646
SELL DLF SL 370 TGT 358/355
BUY HCL TECH SL 348 TGT 362/365
BUY 3I INFO SL 82 TGT 89/92

INTRADAY TIPS FOR 17 DECEMBER 2009

GOOD MORNING!!!
INDICES HAVE TAKEN AN UP MOVE IN A VERY VOLATILE SESSION ON THE RISE OF EUROPEAN AND US INDEX FUTURES AND INDICES. IT AND METALS WERE THE STAR PERFORMERS OF THE DAY, BANKING STOCKS AND REALITY WERE NEGATIVE AND OVERALL THE MARKET BREADTH WAS WEAK. THE VOLATILITY ON THE INDICES WAS VERY HIGH, MARKET KEPT HOVERING IN POSITIVE AND NEGATIVE TERRITORY WITH A VERY NARROW RANGE BOUND UNTIL IT HAS BROKEN 5040 LEVELS. MANY INDIAN FIRMS HAVE REPORTEDLY PAID HIGHER ADVANCE TAX IN THE THIRD INSTALLMENT. AS PER MEDIA REPORTS, TATA MOTORS HAS PAID RS 100 CRORE IN THIRD QUARTER VERSUS NIL PAYMENT IN THE SAME PERIOD LAST YEAR. MAHINDRA & MAHINDRA PAID RS 195 CRORE VERSUS RS 4.5 CRORE. TATA STEEL PAID RS 650 CRORE VERSUS RS 260 CRORE. HINDALCO INDUSTRIES PAID RS 100 CRORE VERSUS RS 40 CRORE. HINDUSTAN UNILEVER PAID RS 200 CRORE VERSUS RS 155 CRORE, LARSEN & TOUBRO PAID RS 270 CRORE VERSUS RS 210 CRORE, GRASIM INDUSTRIES Q3 ADVANCE TAX AT RS 150 CRORE VERSUS RS 75 CRORE, ULTRATECH CEMENT PAID RS 90 CRORE VERSUS RS 65 CRORE, HDFC'S Q3 ADVANCE TAX WAS AT RS 320 CRORE VERSUS RS 280 CRORE. BAJAJ AUTO PAID RS 320 CRORE VERSUS RS 105 CRORE. THE COUNTRY'S LARGEST PRIVATE SECTOR COMPANY RELIANCE INDUSTRIES PAID RS 850 CRORE, VERSUS 450 CRORE YEAR-AGO PERIOD. TATA CONSULTANCY SERVICES' Q3 ADVANCE TAX WAS AT RS 177 CRORE VERSUS RS 129 CRORE. ACC'S Q3 ADVANCE TAX WAS AT RS 110 CRORE VERSUS RS 125 CRORE. HDFC BANK'S Q3 ADVANCE TAX JUMPED TO RS 400 CRORE FROM RS 300 CRORE. STATE BANK OF INDIA Q3 ADVANCE TAX WAS AT RS 1795 CRORE VERSUS RS 1700 CRORE. ICICI BANK'S Q3 ADVANCE TAX FELL TO RS 301 CRORE VERSUS RS 625 CRORE. OVERALL THE ONLY WORRY IN THE MARKET IS MONETARY POLICY WHICH MAY COME IN THIS MONTH. WITH INFLATION SURGING, RBI MAY TIGHTEN THE MONITORY POLICY THIS MONTH.

TODAY MARKET LOOKS RANGE BOUND. IF NIFTY TRADES ABOVE 5050 THEN ONE CAN SEE NIFTY TO SURGE UP TO 5070 AND TRADE ABOVE 5070 WITH VOLUMES THEN WE CAN SEE NIFTY TO TOUCH 5100 AND SEE SOME RESISTANCE AT 5110 AND ANY BREAK ABOVE THIS LEVEL WOULD TAKE NIFTY TO 5165 LEVELS. ON THE DOWNSIDE IF NIFTY TRADES BELOW 5040 THEN IT CAN COME DOWN TO 5003 AND TRADE BELOW 5000 ONE CAN SEE NIFTY TO HAVE A GOOD SUPPORT AT 4940 AND BREAK BELOW THIS LEVEL CAN SEE HEAVY SELLING IN NIFTY IN COMING DAYS. ONE IS ADVISED TO STAY LONG ABOVE 5111 AND SHORT BELOW 4940 ON CLOSING BASIS AND ON INTRADAY ONE CAN FOLLOW THE ABOVE LEVELS.

BUY STERLIGBIO SL 97 TGT 102.70/106.95/110.40
BUY ESSAR OIL SL 133 TGT 138/140/144
BUY IREAL SL 202 TGT 211/215/220
BUY ADSL TGT 234/240/246
BUY M&M SL 1040 TGT 1065/1074/1094
BUY ACC SL 850 TGT 869/878

INTRADAY TIPS FOR 16 DECEMBER 2009

GOOD MORNING!!!

INTRADAY VOLATILITY WAS HIGH, WE HAVE WITNESSED SELLING IN BANK STOCKS RIGHT FROM THE BEGINNING OF THE TRADE SELLING FEARS OF MONETARY TIGHTENING BY THE CENTRAL BANK. AUTO AND CAPITAL GOODS STOCKS ALSO FELL. THE MARKET BREADTH TURNED WEAK. THE MARKET PARED GAINS AFTER AN EARLY SURGE TRIGGERED BY HIGHER ADVANCE TAX NUMBERS BY SOME INDIAN FIRMS FOR THE THIRD INSTALLMENT. THE MARKET REGAINED STRENGTH IN MORNING TRADE. BUT THE INTRADAY REBOUND WAS SHORT-LIVED. THE MARKET ONCE AGAIN PARED GAINS IN MID-MORNING TRADE. THE MARKET SLIPPED INTO THE RED LATER AS THE DOLLAR STRENGTHENED AND THE DISAPPOINTING ICICI BANK ADVANCED TAX NUMBERS HAS FURTHER WEAKEND THE MARKET AND THE NUMBERS WERE BELOW THE EXPECTATIONS.

TODAY MARKET WOULD REMAIN VOLATILE. IF NIFTY TRADES BELOW 5031 LIKELY TO TEST 5003 AND BREAK BELOW 5000 THE IT IS LIKELY TO TAKE SUPPORT AT 4978 BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 4940 THIS IS ONE OF THE VERY GOOD SUPPORT ANY BREAK BELOW 4940 IS CONSIDERED TO BE WEAK AND NIFTY CAN DECLINE TO 4800 IN A VERY SHORT TIME. ON THE UPSIDE IF NIFTY TRADES ABOVE 5041 THEN LIKELY TO HAVE SOME RESISTANCE AROUND 5070 BUT ANY BREAK IN VOLUMES AT THIS LEVEL WOULD AGAIN TAKE NIFTY TO 5111 LEVELS AND ANY CLOSE ABOVE 5100 IS AGAIN CONSIDERED TO BE BULLISH AND ONE CAN RETAIN THEIR POSITIONS ON THE LONG SIDE. KEEP AN EYE ON OIL STOCKS ALONG WITH IT STOCKS.

BUY ORCHID CHEMICALS SL 219 TGT 229/234
BUY WIPRO SL 654 TGT 664/675
SELL GAIL SL 416.7 TGT 401/396
SELL TATAMOTORS SL 701 TGT 691/686
SELL AXISBANK SL 977 TGT 961/952
SELL UNION BANK SL 261 TGT 251/247
SELL ABAN SL 1231 TGT 1211/1200/1192

INTRADAY TIPS FOR 15 DECEMBER 2009

GOOD MORNING!!!

THE MARKET PARED GAINS AFTER HITTING FRESH INTRADAY HIGH IN MID-MORNING TRADE, A SURGE IN HEADLINE INFLATION PULLED THE MARKET LOWER WITH BANK SHARES LEADING THE SLIDE, BANKING SHARES FELL ON A LIKELY MONETARY TIGHTENING BY THE RBI AFTER A SHARP JUMP IN INFLATION.. METAL AND FMCG STOCKS FELL. BUT, CEMENT AND IT STOCKS ROSE. IT STOCKS ROSE AFTER STRONGER-THAN-EXPECTED RETAIL SALES AND CONSUMER SENTIMENT DATA IN THE US REINFORCED INVESTOR CONFIDENCE IN A STEADY ECONOMIC RECOVERY THE MARKET BREADTH WAS WEAK IN CONTRAST TO A STRONG BREADTH IN EARLY TRADE. THE MARKET MOVED BETWEEN POSITIVE AND NEGATIVE ZONE LATER. CLOSER HOME, INFLATION BASED ON THE WHOLESALE PRICE INDEX (WPI) SURGED 4.78. THAT WAS MUCH HIGHER THAN PREVIOUS MONTH'S ANNUAL RISE OF 1.34%. THE FOOD ARTICLE INDEX WITHIN THE WHOLESALE PRICE INDEX ROSE 16.71% IN NOVEMBER 2009. THE MANUFACTURING PRODUCTS INDEX IN THE WPI ROSE AN ANNUAL 3.99%. THE DISINVESTMENT PROGRAMME IS REPORTEDLY SET TO ENTER AN AMBITIOUS PHASE IN THE NEXT FINANCIAL YEAR WITH THE DEPARTMENT OF DISINVESTMENT PLANNING TO SEEK CABINET APPROVAL FOR A HOST OF COMPANIES FROM JANUARY 2010. THE CABINET HAS SO FAR FOLLOWED A CAUTIOUS APPROACH IN APPROVING DISINVESTMENT IN COMPANIES, THOUGH IT HAS SIMULTANEOUSLY COME OUT WITH A BROAD POLICY DIRECTION FOR THE PROGRAMME. BASED ON THE POLICY, THE DISINVESTMENT DEPARTMENT HAS PREPARED A LIST OF UP TO 30 COMPANIES THAT CAN BE CONSIDERED FOR DISINVESTMENT .

TODAY MARKET LOOKS RANGE BOUND WE CAN SEE VERY STOCK SPECIFIC MOVES IN THE MARKET AND MARKET MAY REMAIN VOLATILE AS TODAY BEING THE LAST DAY FOR ADVANCE TAX PAYMENT FOR THIS QUARTER WE MAY SEE SHARP UP AND DOWNSIDE MOVEMENT ON THE BASIS OF TAX FILING. TODAY IF NIFTY TRADES BELOW 5105 THEN LIKELY TO SEE NIFTY TO SLIDE DOWN TO 5070 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 5003 WITH MINOR SUPPORT AROUND 5040. AND ON THE UPSIDE IF NIFTY TRADES ABOVE 5130 THEN WE CAN SEE NIFTY TO TOUCH 5165 AND TRADE ABOVE 5165 CONVINCINGLY WOULD TAKE NIFTY TO NEW HIGHS OF THE YEAR. IF NIFTY TRADES ABOVE 5165 THEN ONE CAN SEE NIFTY TO MOVE UP TO 5265 IN A VERY SHORT TIME. LOOK AT CEMENT STOCKS, EDUCATION STOCKS.

BUY RANBAXY SL 514 TGT 526/534/542
BUY AMBUJACEM SL 98 TGT 102/105
BUY INFOSYSTECH SL 2487 TGT 2517/2540
BUY NIIT TECH SL 174 TGT 181/184
BUY INDIA CEMENTS SL 117 TGT 125/128

INTRDAY TIPS FOR 14 DECEMBER 2009

GOOD MORNING!!!
WITH THE INDUSTRIAL OUTPUT DATA COMING WELL BELOW THE EXPECTATIONS OF THE MARKET, MARKET HAS GIVEN UP GAINS WITH A SHARP FALL IN INDICES THOUGH THE RECOVERY WAS SHORT LIVED DURING THE DAY AT LAST ENDED IN RED. WE MAY SEE SOME STOCKS-SPECIFIC ACTIVITY IN COMING DAYS, WITH INVESTORS REACTING TO CORPORATE ADVANCE TAX PAYMENTS DATA WHICH IS DUE ON 15 DEC, THIS DATA WILL GIVE AN INDICATION OF INDUSTRY'S PERFORMANCE IN COMING MONTHS WHICH MAY ELIVATE SOME STOCKS TO NEW HIGHS. IN THE LAST QUARTER WE HAVE WITNESSED ADVANCE TAX PAYMENTS GREW BY 14.7% WHICH CLEARLY SHOWS THE SIGNS OF RECOVERY, WITH THIS FIGURES AND GROWTH RATE GOVERNMENT IS HOPEFUL ADVANCE TAX PAYMENTS MAY PROVE TO BE HELPFUL IN METTING THE SHORTFALL IN DIRECT TAX COLLECTIONS. BUT, ONE HAS TO REMEMBER THAT EVEN THOUGH THERE MAY BE STOCK SPECIFIC MOVES ON NEWS OF ADVANCED TAX IN THE STOCK SPECIFIC COUNTERS ONE HAS TO BEAR IN MIND THAT MARKETS HAVE RALLIED QUITE SHARPLY FROM MARCH THIS YEAR, WE CANNOT RULE OUT THE CORRECTION AT ANY STAGE BUT WITH ALL THE FIGURES SHOWING GOOD GROWTH AND IMPROVEMENT IN THE ECONOMY WE CANNOT RULE OUT THE BUYING AT LOWER LEVELS. FOREIGN INVESTORS HAVE BEEN INVESTING IN A RECORD MANNER WITH $75.4 BILLION WHICH IS THE HIGHEST SURPASSING THE PREVIOUS HIGH OF $54 BILLION IN 2007 AND THIS FIGURES ARE TAKEN TILL 09 DEC 09.

TODAY MARKETS LOOK RANGE BOUND WITH VERY STOCK SPECIFIC MOVES. IF NIFTY TRADES ABOVE 5111 THERE IS EVERY POSSIBILITY TO MOVE UP TO 5135 BREAK ABOVE THIS WILL TAKE NIFTY TO 5165 AND ONE REMAIN IN LONG IF NIFTY CLOSES ABOVE 5165 AND ON THE DOWN SIDE IF NIFTY TRADES BELOW 5098 THEN WE CAN SEE NIFTY TO SLIDE DOWN TO 5070 AND BREAK BELOW THIS LEVEL WILL HAVE A MINOR SUPPORT AT 5040 AND BREACHING THIS LEVEL WOULD TAKE NIFTY TO 5003 AND ONE CAN REMAIN IN SHORT IF NIFTY TRADES BELOW 5070. ON THE HOLDING SIDE WITH LESS RISK ONE CAN LOOK AT COMMUNICATION STOCKS AS THEY ARE WORST EFFECTED AND ARE IN AN UPMOVE AT CURRENT LEVELS ONE IS ADVISED TO TAKE OPTION CALLS ON LONG SIDE AS THAT IS VERY LESS RISKY AND ONE CAN MAXIMIZE GAINS.
BUY JINDALSTEL SL 738.6 TGT 749/758/764
BUY BHARAT FORGE SL 271 TGT 277/282/285
BUY GSSAMERICA SL 264 TGT 294/300/305
SELL AXISBANK BELOW 1003 SL 1011 TGT 989/980
POSITIONAL TRADES
BUY BANG OVERSEAS 49 TGT 62
BUY RENAISSANCE JEWELLERY 51.9 TGT 65
BUY ZICOM ELECTRONIC SECURITY @ 100.35 TGT 155 SL 85
BUY IVP LTD AT 35 TGT 70/105/150

INTRADAY TIPS FOR 11 DECEMEBER 2009

GOOD MORNING!!!

MARKETS INITIALLY THOUGH RANGE BOUND TOOK OFF WITH GOOD VOLUMES ON THE POSITIVE SIDE AND OVER ALL THOUGH OUT THE DAY MARKET REMAINED POSITIVE AND AFTER, RESERVE BANK OF INDIA ANNOUNCED CAPITAL FLOWS INTO INDIA ARE IN LINE WITH REQUIREMENT AND AS OF NOW THERE IS NO CONCERN OF THE FLOWS BUILDING ASSET PRICE BUBBLES AND THE NEW OVERSEAS BORROWING NORMS ARE PART OF INDIA'S CAPITAL ACCOUNT MANAGEMENT AND THEY DO NOT INDICATE CAPITAL CONTROL, MARKET REMAINED FIRM THROUGH OUT THE DAY. TELECOM STOCKS JUMPED AFTER THE GOVERNMENT ALLOWED FOREIGN BORROWING TO FUND 3G SPECTRUM FEES. FMCG STOCKS FELL. BUT, METAL, BANKING AND CAPITAL GOODS STOCKS ROSE.

TODAY MARKET LOOKS RANGE BOUND WITH POSITIVE OUTLOOK ONCE IT CROSSES 5155. ON INTRADAY BASIS IF NIFTY TRADES ABOVE 5155 THEN IT IS EVIDENT IT MAY GO UP TO 5192 LEVEL AND BREAK ABOVE 5165 LEVELS WOULD TAKE NIFTY TO 5265 IN A VERY SHORT TIME, ONE CAN STAY POSITIONALLY LONG IN NIFTY IF NIFTY CLOSES ABOVE 5165 LEVELS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5111 THEN IT IS EVIDENT THAT NIFTY WOULD COME DOWN TO 5070 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 5003 THOUGH A MINOR SUPPORT EXISTS AROUND 5040 LEVEL BUT VOLUME SELLING WOULD NOT BE SUPPORTED AT 5040 LEVELS. ONE IS ADVISED TO STAY SHORT ONCE NIFTY BREAKS 5070 LEVELS. TAKE CLOSE WATCH ON BANKING SECTOR AND PHARMA.

BUY ICICIBANK SL 869 TGT 880/888/895
BUY CHAMBAL FERT SL 57 TGT 61/63.2
BUY ICSA SL 184 TGT 194/196.3/201.6
BUY UCO BANK SL 58.4 TGT 61.25/62.70
BUY LT SL 1669 TGT 1704/1721

INTRADAY TIPS FOR 10 DECEMBER 2009

GOOD MORNING!!!

WEAK GLOBAL STOCKS WEIGHED ON INVESTOR SENTIMENT ALONG WITH PROFIT BOOKING HAS LED THE INDICES TO THE LOWER LEVELS. METAL AND BANKING STOCKS LED THE DECLINE WHILE IT STOCKS ROSE. INTRADAY VOLATILITY WAS HIGH. THE MARKET RECOVERED SOON AFTER AN INITIAL SLIDE CAUSED BY WEAK ASIAN STOCKS BUT COULD NOT WITHSTAND THE HIGHER LEVELS. INDICES ARE ALMOST AT THE YEAR HIGHS AND INVESTORS ARE TO WORRY ABOUT, DOWNGRADED RATINGS FOR GREECE AND A RAFT OF DUBAI GOVERNMENT-CONTROLLED COMPANIES. ONE IS ADVISED TO STAY VERY CAUTIOUS IN THIS MARKET BUT ONE SHOULD BE WITH THE TREND.

TODAY MARKETS WOULD BE RANGE BOUND. IF NIFTY TRADES ABOVE 5111 THEN IT IS LIKELY TO TAKE TO 5140 AND TRADE ABOVE THIS LEVEL WITH VOLUMES WE MAY SEE NIFTY TO GO TO 5165 WHERE IT MAY FACE A STRONG RESISTANCE BUT BREAK ABOVE THIS LEVEL WOULD TAKE NIFTY TO NEW HIGHS OF THE YEAR AND ONE HAS TO SEE THIS LEVEL AS VERY CRUCIAL. AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5097 THEN IT IS EVIDENT THAT IT WILL PHASE SOME SUPPORT AT 5070 BUT BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5040 WHERE IT WILL HAVE A SLIGHT SUPPORT IF THIS LEVEL IS BROKEN IT WILL COME DOWN TO 5003. METALS LOOKS WEAK.

BUY SATYAM SL 99 TGT 106/109
BUY HDIL SL 339 TGT 352/358
BUY MARUTI SL 1594 TGT 1628/1645/1668
SELL STER SL 844 TGT 824/818
SELL TATASTEEL SL 551 TGT 538/532
POSITIONAL TRADES
BUY FRESHTROP FRUITS AT 39 TGT 55/76

INTRADAY TIPS FOR 09 DECEMBER 2009

GOOD MORNING!!!

INDICES EXTENDED GAINS AFTER THE REBOUND IN EUROPEAN MARKETS AND HIGHER US INDEX FUTURES. MARKETS TRIGGERED SOON AFTER ANNOUNCEMENT THAT IT WILL SEEK PARLIAMENTARY APPROVAL TO SPEND AN EXTRA RS 25725-CRORE ($5.5 BILLION) FOR THE FISCAL YEAR TO END-MARCH 2010. THE GROSS ADDITIONAL EXPENDITURE WOULD BE RS 30943 CRORE, OF WHICH 5217 CRORE WOULD BE MET THROUGH SAVINGS, THE GOVERNMENT SAID. THE GOVERNMENT WILL SPEND AN EXTRA RS 3000 CRORE ON FERTILISER SUBSIDIES AND RS 3460 CRORE ON FOOD SUBSIDIES. THE GOVERNMENT WOULD ALSO SPEND RS 800 CRORE ON AN EQUITY INFUSION IN STATE-RUN CARRIER AIR INDIA. MOST ASIAN STOCKS DECLINED ON TUESDAY AFTER BERNANKE SAID THE US ECONOMY FACES FORMIDABLE HEADWINDS BUT THE BERNANKE EFFECT WAS NOT SEEN IN THE INDIAN MARKETS WITH US AND EUROPEAN TRADING IN POSITIVE ZONES. RELIANCE INDUSTRIES ROSE 2.42% TO RS 1081.20 AS IT WAS REPORTEDLY IN TALKS WITH MORE THAN A DOZEN BANKS TO READY A $8-10 BILLION WAR CHEST FOR THE ACQUISITION OF LYONDELLBASELL, THE WORLD'S THIRD-LARGEST PETROCHEMICAL COMPANY THAT HAS FILED FOR BANKRUPTCY IN THE US. ALL IN ALL MARKETS WENT UP ON A VERY VERY STRONG NOTE BREAKING ALL THE BARRIERS OF CONSOLIDATION AND THERE WAS A GOOD VOLUMES ON NIFTY.

TODAY MARKET WOULD BE FIRM AND RANGE BOUND. IF NIFTY BREAKS 5165 AND TRADES ABOVE THIS LEVEL ON A STRONG NOTE IT WILL TAKE NIFTY TO NEW HIGHS, NIFTY MAY GO TO 5265 LEVELS IN A VERY SHORT TIME IF SUSTAINS ABOVE 5165. IF NIFTY TRADES BELOW 5140 THEN LIKELY TO TEST 5097 LEVELS. ONE CAN INITIATE LONG TRADES IF NIFTY CLOSES ABOVE 5165 LEVELS WITHOUT HESITATION AND BE SHORT ON THE NIFTY AS LONG AS NIFTY TRADES BELOW 5165.

BUY IDBI SL 135 TGT 140/142
BUY IBREAL ABOVE 222 SL 214 TGT 224/229
BUY JSWSTEEL ABOVE 1015 SL 1004 TGT 1029/1045
BUY JPASSOCIATES ABOVE 230 SL 227.4 TGT 234/237
SELL MARUTI SL 1576 TGT 1560/1547
SELL RANBAXY SL 508 TGT 500/494
SELL SBIN 2316 TGT 2295/2281
SELL ONGC SL 1186 TGT 1168/1160

INTRADAY TIPS FOR 08 DECEMBER 2009

GOOD MORNING!!!

INDICES INDICES EXTENDED LOSSES IN LATE TRADE TRACKING WEAK EUROPEAN STOCKS AND LOWER US INDEX FUTURES. INTRADAY VOLATILITY WAS HIGH. METAL STOCKS TUMBLED ON DECLINE IN METAL PRICES ON THE LONDON METAL EXCHANGE. BANKING, AUTO AND REALTY STOCKS ALSO FELL.

TODAY MARKET LOOKS RANGE BOUND TO NEGATIVELY BIASED AS THE ASIAN STOCKS ON THE WEAKER SIDE ALONG WITH AMERICAN INDICES FLAT. WE WILL SEE A NEGATIVE OPENING IN THE MARKET TODAY AND IF NIFTY TRADES BELOW 5070 THEN IT IS LIKELY TO TAKE A SUPPORT AT 5040 AND BREAK BELOW THIS LEVEL WE CAN SEE NIFTY TO SLIDE DOWN TO 5003 AND BELOW THIS LEVEL WE CAN SEE NIFTY TO TOUCH 4940 LEVELS THIS IS THE STRONGEST SUPPORT FOR NIFTY. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5111 THEN WE CAN SEE NIFTY TO SURGE UP TO 5140 AND THEN TO 5165. KEEP AN EYE ON RELIANCE GROUP.

BUY PIRAMAL HEALTH SL 414 TGT 428/434/442
BUY PFC SL 264 TGT 272/276/279
BUY SUZLON SL 80 TGT 85.60/90
SELL CAIRN SL 277 TGT 266/262
SELL STER SL 865 TGT 837/818
SELL SAIL SL 211 TGT 200/196
SELL RPOWER SL 149 TGT 141/137

INTRADAY TIPS FOR 07 DECEMBER 2009

GOOD MORNING!!!

LAST TRADING DAY WE HAVE WITNESSED AN IMMENSE INTRADAY VOLATALITY. THE MARKET RECOVERED FROM LOWER LEVEL FROM AN INITIAL SLIDE TRIGGERED BY WEAK ASIAN STOCKS. THE SENSEX MOVED INTO POSITIVE ZONE. IT FELL ONCE AGAIN INTO THE RED IN MID-MORNING TRADE. THE MARKET SURGED IN EARLY AFTERNOON TRADE AS STOCKS ROSE IN CHINA AND JAPAN. THE RESERVE BANK OF INDIA (RBI) IS LIKELY TO REVISE UPWARDS GROWTH FORECASTS FOR 2009/10 WHEN IT REVIEWS POLICY IN JANUARY 2010 AND MONETARY ACTION MAY BE NEEDED IF INFLATION ACCELERATES, INDIA'S EXIT FROM ITS LOOSE POLICY WOULD BE A CHALLENGE AND MANAGING THE CRISIS WAS EASIER THAN MANAGING THE RECOVERY NOW. MANAGING CAPITAL INFLOWS IS AGAIN AN IMPORTANT ISSUE BECAUSE LARGE CAPITAL INFLOWS AND ASSET PRICES COULD FEED ON EACH OTHER AND THIS COULD BE DESTABILIZING. MONEY SUPPLY GROWTH, WHICH WAS VERY LOW THIS YEAR COMPARED WITH IN THE PREVIOUS TWO YEARS, HAVE IMPLICATIONS FOR MONETARY POLICY.

TODAY MARKETS WOULD BE RANGE BOUND AND NEGATIVELY BIASED. IF NIFTY TRADES BELOW 5111 THEN IT IS LIKELY TO TEST 5070 LEVELS AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 5040 WHERE IT MAY HAVE A LITTLE RESISTANCE BUT BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5003. AND ON THE UPSIDE IF NIFTY TRADES ABOVE 5140 IT IS LIKELY TO TOUCH 5164 LEVELS BUT ANY CLOSE ABOVE 5165 IS CONSIDERED TO BE VERY BULLISH AND CLOSING BELOW 5097 IS CONSIDERED TO BE BEARISH. ONE CAN LOOK AT MEDIA STOCKS FOR INTRADAY LIKE TIPS INDUSTRIES, BALAJI TELEFILMS, SHREE ASHTAVINAYAK CINE VISION, CINEMAX INDIA, INOX LEISURE YOU CAN SEE ATLEAST 5% SURGE IN THESE STOCKS.

BUY FORTIS HEALTHCARE SL 114 TGT 125/129
BUY TATAMOTORS FUTURES SL 699 TGT 710/722
BUY JINDALSTEEL SL 719 TGT 736/744
BUY BALAJI TELEFILMS AT 54 TGT UPPER CIRCUIT
BUY CINEMAX INDIA LTD AT 59.75 TGT UPPER CIRCUIT
BUY INOX LEISURE LTD AT 60 TGT UPPER CIRCUIT
SELL MARUTI SL 1611 TGT 1591/1582/1576
POSITIONAL TRADES

GSPL AT 100.25 TGT 150*

INTRADAY TIPS FOR 04 DECEMBER 2009

GOOD MORNING!!!

THE KEY BENCHMARK INDICES REMAINED FIRM TILL AFTERNOON TAKING NIFTY TO NEW HIGHS AFTER COMMENTS BY A TOP ECONOMIC ADVISER AND DATA SHOWING A SURGE IN FOOD PRICE INFLATION REINFORCED MARKET EXPECTATION OF A HIKE IN CASH RESERVE RATIO BY THE CENTRAL BANK TO SUCK OUT EXCESS LIQUIDITY IN THE BANKING SYSTEM, LATER IN THE AFTERNOON WITH THE UNION CABINET DECISION ON THE PENSION FUND REGULATORY & DEVELOPMENT AUTHORITY BILL THAT SEEKS TO BRING FOREIGN DIRECT INVESTMENT (FDI) INTO THE SECTOR. IN A MOVE THAT IS AIMED AT SIGNALLING THE UPA GOVERNMENT'S INTENT TO AGGRESSIVELY PUSH THE REFORM AGENDA, THE CABINET WILL CLEAR THE PENSION FUND REGULATORY & DEVELOPMENT AUTHORITY BILL THAT SEEKS TO BRING FOREIGN DIRECT INVESTMENT (FDI) INTO THE SECTOR. THE BILL PROPOSES TO ALLOW FOREIGN PLAYERS TO HOLD UP TO 26% STAKE IN INDIAN PENSION FUND COMPANIES. IT WOULD ALSO PERMIT PENSION FUNDS TO DEPLOY PART OF THEIR CORPUS ABROAD IN APPROVED INSTRUMENTS. THE PENSION BILL, ORIGINALLY INTRODUCED IN PARLIAMENT IN 2005, COULD NOT BE CLEARED DUE TO STIFF OPPOSITION FROM LEFT PARTIES. IT WAS THEN REFERRED TO THE PARLIAMENTARY STANDING COMMITTEE ON FINANCE, WHICH RECOMMENDED THE BILL WITH SOME MODIFICATIONS. BUSINESS ACTIVITY AMONG INDIAN SERVICES COMPANIES EXPANDED IN NOVEMBER 2009 BUT AT A SLOWER PACE THAN IN THE PREVIOUS MONTH, WITH BROAD GROWTH ACROSS ALL SECTORS, A SURVEY RELEASED ON THURSDAY SHOWED. IN OCTOBER, THE RBI WITHDREW EMERGENCY LIQUIDITY MEASURES AND INCREASED SOME LOAN PROVISIONING REQUIREMENTS, BUT LEFT ITS KEY POLICY RATES UNCHANGED. A HIGH INFLATION WILL REQUIRE MONETARY ACTION ON LIQUIDITY, THE FOOD PRICE INDEX ROSE 17.47% IN YEAR TO 21 NOVEMBER 2009,

TODAY MARKETS WOULD OPEN NEGATIVE AND THE MARKET LOOKS ON THE WEAKER SIDE. TODAY IF NIFTY BREAKS BELOW 5111 WOULD LEAD NIFTY TO 5070 AND BREAK BELOW THIS THERE WOULD SOME PROFIT BOOKING ON SHORT SIDE AT 5040 AND THE MAJOR SUPPORT SEEN IS AROUND 5003 ONE HAS TO WATCH CAREFULLY THIS LEVEL FOR SHORT ENTRY IF MARKET BREACHES THIS LEVEL AND CLOSES THEN WE CAN SEE FURTHER DIP IN MARKETS. ON THE UPSIDE IF NIFTY TRADES ABOVE 5046 THEN ONE CAN GO LONG FOR A TARGET OF 5164 AND ONE CAN STAY INVESTED IN LONGS AS LONG AS NIFTY IS ABOVE 5164 ONE LOOK FOR A TARGET OF 5267. AVIATION STOCKS LOOKS GOOD (JET AIRWAYS, SPICEJET & KFA)
BUY SASKEN COMM SL 162 TGT 175/178
BUY CIPLA SL 340 TGT 352/358
SELL TATAMOTORS SL 711 TGT 700/696/691
SELL ICICI BANK SL 891 TGT 875/866/857
SELL RELIANCE SL 1103 TGT 1081/1072

GOOD MORNING!!!

MARKETS WERE VERY RANGE BOUND, THERE WAS SOME PROFIT BOOKING ON THE TWO STRAIGHT DAY GAINS, PROFIT TAKING WAS TRIGGERED BY EUROPEAN MARKETS SLIDING DOWN FROM HIGHS. MARKETS ARE AT A GREAT RESISTANCE POINT AND AFTER A SURGE IN INDEX ON A VERY STRAIGHT NOTE MARKET IS EXPECTED TO CONSOLIDATE AT THIS STAGE TO FURTHER MOVE UP OR DECLINE IN THE FORM OF RETRACEMENT AND PROFIT BOOKING. ONE IS ADVISED TO STAY CAUTIOUS ON THE TRADING FRONT. ONE HAS TO BEAR IN MIND THAT 5165 IS THE CRUCIAL RESISTANCE AND CLOSING ABOVE THIS POINT MEANS THAT MARKET IS EXPECTED TO MOVE FURTHER 100 POINTS FROM THERE AND ONE IS ADVISED TO CLOSE SHORTS IF ANY.
TODAY MARKET WOULD BE RANGE BOUND, IF NIFTY TRADES BELOW 5111 THEN IT IS LIKELY TO TOUCH 5070 LEVELS BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 5040 AND 5003. ON THE UPSIDE IF NIFTY TRADES ABOVE 5140 THEN IT IS LIKELY TO TOUCH 5165 AND TRADING ABOVE THIS ZONE IS A POSITIVE SIGN AND ANY CLOSE ABOVE THIS POINT WOULD LEAD MARKETS TO 4265 LEVELS.
BUY RANBAXY SL 485 TGT 500/508
BUY DISHTV SL 41.90 TGT 43.50/44
BUY IDBI SL 131.20 TGT 133.5/135/137
BUY PATEL ENGINEERING SL 472.9 TGT 485/490/496
BUY TATA CHEMICALS SL 302 TGT 311.6/314/318
BUY SYNDICATE BANK SL 98.75 TGT 102/104/106
SELL TATAPOWER SL 1356 TGT 1333/1321/1306
SELL ORIENT BANK SL 283 TGT 274/272.5/266
POSITIONAL TRADES

BUY INDIA GLYCOLS TGT 185/200

INTRADAY TIPS FOR 02 DECEMBER 2009

GOOD MORNING!!!

BUYING AT CLOSING OF THE MARKETS IN INDEX PIVOTALS PROPELLED KEY BENCHMARK INDICES TO FRESH INTRADAY HIGHS. CURTAINING OF DUBAIS FINANCE WOES HAVE TRIGGERED ALL THE EUROPE, ASIA AND US MARKETS TO A FRESH INTRADAY HIGHS AND ROBUST NOVEMBER AUTO SALES NUMBERS ADDED TO THE POSITIVE SENTIMENT TRIGGERED BY BETTER-THAN-EXPECTED GDP DATA, HELPING THE INDIAN INDICES REGAIN THE PSYCHOLOGICAL 17,000 AND 5000 MARK. EXPORTS FELL 6.6% TO $13.19 BILLION IN OCTOBER 2009 OVER OCTOBER 2008, THEIR 13TH STRAIGHT MONTHLY FALL. IMPORTS DROPPED 15% FROM A YEAR EARLIER TO $22 BILLION. THE TRADE DEFICIT SHRUNK TO $8.8 BILLION IN OCTOBER 2009 FROM $11.74 BILLION A YEAR EARLIER. EXPORTS FOR APRIL-OCTOBER, THE FIRST SEVEN MONTHS OF THE 2009-10 FISCAL YEAR, WERE DOWN 26% AT $91.05 BILLION FROM THE SAME PERIOD IN THE PREVIOUS YEAR. THE LATEST NUMBERS DO INDICATE THAT INDUSTRY AND SERVICES ARE GROWING VERY STRONGLY, THIS COULD HELP OFFSET TO A VERY LARGE EXTENT THE IMPACT OF THE DECLINE IN AGRICULTURAL PRODUCTION. MEANWHILE, DUBAI WORLD, THE HOLDING COMPANY AT THE HEART OF THE DUBAI CRISIS, ON MONDAY ANNOUNCED A RESTRUCTURING PLAN INVOLVING $26 BILLION IN DEBT. HOWEVER, THE DUBAI GOVERNMENT SAID IT WAS NOT RESPONSIBLE FOR DUBAI WORLD'S DEBTS, DEALING A BLOW TO CREDITORS' ASSUMPTIONS THAT THE ARAB EMIRATE WOULD GUARANTEE THE GOVERNMENT-CONTROLLED CONGLOMERATE'S LIABILITIES. DUBAI WORLD, ONE OF THE EMIRATE'S MAIN STATE HOLDING COMPANIES, LAST WEEK, ASKED FOR A DELAY ON MATURITIES UNTIL AT LEAST 30 MAY 2010. THE COMPANY HAS TOTAL DEBTS OF $59 BILLION, INCLUDING $3.52 BILLION OF ISLAMIC BONDS DUE 14 DECEMBER 2009 FROM ITS PROPERTY UNIT NAKHEEL. AUTO STOCKS RALLIED FOLLOWING ROBUST MONTHLY SALES IN NOVEMBER 2009.
TODAY IF NIFTY TRADES ABOVE 5139 THEN IT WOULD TOUCH 5165 THIS IS ONE OF THE MOST CRUCIAL RESISTANCE IN NIFTY, IF NIFTY BREAKS THIS LEVEL AND CLOSES THEN NIFTY WILL TOUCH 5270 LEVEL. IF NIFTY CLOSES ABOVE 5165 THEN WE CAN TAKE A FRESH LONG POSITIONS IN NIFTY AND ONE HAS TO REMEMBER IF NIFTY TRADES BELOW THIS LEVEL THEN WITH THIS AS STOPLOSS ONE CAN GO SHORT AS WELL BUT ONLY WHEN THE JOURNEY IS TOWARDS DOWN AND NOT ON THE UPWARD JOURNEY. IF NIFTY TRADES BELOW 5111 THEN WOULD TAKE NIFTY TO 5070 LEVELS AND BREAK BELOW THIS LEVEL WOULD TAKE MUCH MORE DOWN SIDE TO 5040.
BUY TATA MOTORS SL 699 TGT 714/719
BUY M&M SL 1069 TGT 1094/1104
BUY IBREAL SL 208 TGT 218/222/229
BUY HCC SL 139.9 TGT 146/150
BUY DLF SL SL 367 TGT 380/384
BUY RELCAP SL 849 TGT 884/890

INTRADAY TIPS FOR 01 DECEMBER 2009

GOOD MORNING!!!

KEY BENCHMARK INDICES SURGED AS THE LATEST DATA SHOWED THE ECONOMY EXPANDED AT A STRONGER-THAN-EXPECTED 7.9% PACE IN THE SECOND QUARTER. HOWEVER, INTRADAY VOLATILITY WAS HIGH. ASIAN STOCKS SURGED AFTER UNITED ARAB EMIRATES CENTRAL BANK ON SUNDAY, 29 NOVEMBER 2009, OFFERED ADDITIONAL LIQUIDITY TO LOCAL AND INTERNATIONAL BANKS IN THE UAE AND REASSURED INVESTORS IT "STANDS BEHIND" THE LENDERS. ALSO BOOSTING THE SENTIMENTS, GLOBAL BANKS OUTSIDE THE GULF SAID THEY WERE NOT HEAVILY EXPOSED TO DUBAI DEBT. GOVERNMENT DATA RELEASED TODAY SHOWED THE GROSS DOMESTIC PRODUCT (GDP) GREW BY 7.9% IN Q2 SEPTEMBER 2009, FROM 7.1% IN THE PREVIOUS YEAR, SHATTERING FORECASTS AS STIMULUS MEASURES BOOSTED DEMAND AND MANUFACTURING ACTIVITY SURGED. THE ECONOMY HAD REGISTERED A 6.1% GROWTH IN THE FIRST QUARTER. THE BULK OF THE RECOVERY WAS LED BY A 9.2% GROWTH IN MANUFACTURING, WHILE MINING AND CONSTRUCTION ACTIVITIES ALSO EXPANDED BY 9.5% AND 6.5%, RESPECTIVELY. BUT AGRICULTURE CONTINUED TO ME A MAJOR DRAG WITH A MERE 0.9% GROWTH.
TODAY MARKET WOULD BE RANGE BOUND. NIFTY IF TRADES ABOVE 5040 THEN IS LIKELY TO MOVE UP TO 5070 AND BREAK ABOVE THIS LEVEL AND TRADE WITH GOOD VOLUMES MAY TAKE NIFTY TO 5111 ANY CLOSE ABOVE 5070 IS CONSIDERED TO BE VERY GOOD SIGN AND ONE CAN GO LONG POSITIONALLY. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5040 THEN LIKELY TO SEE NIFTY AT 5001 AND BREAK BELOW THIS LEVEL WOULD TAKE IT TO 4978 ONE CAN STAY SHORT IF NIFTY TRADES BELOW 5000.
BUY JSL SL 105 TGT 114/117
BUY RANBAXY SL 451 TGT 460/465/469
BUY HEROHONDA SL 1744 TGT 1714/1719/1724
BUY TATASTEEL SL 571 TGT 563/569
POSITIONAL TRADES
BUY CHOKSI IMAGING LTD TGT 200%/500%