INTRADAY TIPS FOR 14 JULY 2009

GOOD MORNING!!!

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

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