INTRADAY TIPS FOR 17 JULY 2009

GOOD MORNING!!!

YESTERDAY MARKETS HAVE GONE QUITE WELL IN THE INITIAL TRADES BUT COULD NOT SUSTAIN IT MUCH LONGER THE MARKET WAS VERY VOLATILE AND THE VOLUMES YESTERDAY WERE NOT AS CONVINCING SO IT STILL ADVICEABLE TO STAY LONG THEN GOING ON THE SHORT SIDE AT THIS MOMENT MARKETS ARE SHOWING SOME KIND OF CONSOLIDATION AT THIS LEVELS BUT THE WAY MARKET MOVED AT THE END STILL SHOWS A BULLISH SIGN IN THE MARKET SO ADVICED TO STAY CAUTIOUS. METALS AND PHARMA LOOKS LITTLE WEAK. IT, MIIDCAP, EDUCATION, OIL LOOKS STRONG.
TODAY NIFTY IF TRADES ABOVE 4227 THEN WILL LEAD THE MARKET TO 4290 LEVELS AND IF MARKET SUSTAIN AND TRADES ABOVE THEN ONE CAN SEE NIFTY AROUND 4314 LEVELS AND IF NIFTY CLOSES ANYWHERE ABOVE 4256 THEN ONE IS ADVICED TO REMAIN LONG AND CLOSING OF NIFTY ABOVE 4300 IS CONSIDERED TO BE VERY BULLISH AND ONE CAN SEE MARKETS AROUND 4440 (MAX) IN THE NEAR TERM. AND IF NIFTY TRADES BELOW 4211 THEN ONE CAN SEE IT 4164 AND CLOSING BETWEEN 4164 AND 4211 ONE IS ADVICED TO STAY AWAY EXITING ALL THE POSITIONS AS IT IS NO TRADING ZONE AND CLOSING BELOW 4164 ONE HAS TO EXIT THEIR HOLDINGS.

BUY MARUTI SL 1134 TGT 1158/1176
BUY CENTURY SL 402 TGT 424/437/444
BUY LT SL 1366 TGT 1400/1415
BUY HDFCBANK SL 1388 TGT 1407/1427/1442/1458
SELL STER ONLY BELOW 590 SL 602 TGT 571/566/555/541
SELL DR REDDY BELOW 755 SL 766 TGT 737