INTRADAY TIPS FOR 11 AUGUST 2009

GOOD MORNING!!!

INDICES EXTENDED LOSSES FOR THE THIRD STRAIGHT DAY ON WEAK EUROPEAN CUES STOCKS. FEARS OF SCANTY RAINS ALSO WEIGHED ON THE SENTIMENT SENSEX FELL 894.06 POINTS OR 5.62% IN LAST THREE TRADING SESSIONS SENSEX FELL BELOW THE PSYCHOLOGICAL 15,000 MARK IN LATE TRADE BUT REGAINED THAT LEVEL LATER. AUTO, CAPITAL GOODS AND FMCG STOCKS FELL EVEN AS IT STOCKS ROSE. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL) FELL IN VOLATILE TRADE. THE MARKET PARED GAINS AFTER A FIRM START TRIGGERED BY BETTER-THAN-EXPECTED US AND JAPANESE ECONOMIC DATA. IT LOST FURTHER GROUND LATER, SLIPPING INTO THE RED FROM GREEN AS BELOW NORMAL MONSOON RAINS AND SPREAD OF THE DEADLY SWINE FLU IN THE COUNTRY WEIGHED ON THE SENTIMENT. OVERALL MARKET BREADTH AND SENTIMENT REMAINS WEAK.

MARKETS TODAY WOULD BE RANGE BOUND. IF NIFTY BREAKS 4388 AND TRADES BELOW THIS THEN WE CAN SEE NIFTY TO SEE A LEVEL OF 4337 AND BREAK BELOW THIS LEVEL WOULD DEFINITELY TAKE NIFTY TO 4200 KIND OF LEVELS. AND ON THE POSITIVE SIDE IF TRADES ABOVE 4428 THEN WE CAN SEE NIFTY TO MOVE TO 4494 AND TRADE ABOVE THIS LEVEL WOULD TAKE NIFTY TO 4550 AND ABOVE THIS POINT ONE CAN TAKE FRESH LONG POSITIONS UNTIL THEN IT IS ADVISED TO STAY ON THE SIDELINES ON THE LONG SIDE.

BUY YES BANK SL 145 TGT 157/159.7/162
BUY AXIS BANK SL 829 TGT 854/865
BUY STRIDES ARCOLAB WILL HIT UPPER CIRCUIT
SELL ABAN BELOW 1040 SL 1060 TGT 1016/998
SELL BPCL SL 510 TGT 488/476
SELL ACC SL 824 TGT 796/786

INTRADAY TIPS FOR 11 AUGUST 2009

GOOD MORNING!!!

INDICES EXTENDED LOSSES FOR THE THIRD STRAIGHT DAY ON WEAK EUROPEAN CUES STOCKS. FEARS OF SCANTY RAINS ALSO WEIGHED ON THE SENTIMENT SENSEX FELL 894.06 POINTS OR 5.62% IN LAST THREE TRADING SESSIONS SENSEX FELL BELOW THE PSYCHOLOGICAL 15,000 MARK IN LATE TRADE BUT REGAINED THAT LEVEL LATER. AUTO, CAPITAL GOODS AND FMCG STOCKS FELL EVEN AS IT STOCKS ROSE. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL) FELL IN VOLATILE TRADE. THE MARKET PARED GAINS AFTER A FIRM START TRIGGERED BY BETTER-THAN-EXPECTED US AND JAPANESE ECONOMIC DATA. IT LOST FURTHER GROUND LATER, SLIPPING INTO THE RED FROM GREEN AS BELOW NORMAL MONSOON RAINS AND SPREAD OF THE DEADLY SWINE FLU IN THE COUNTRY WEIGHED ON THE SENTIMENT. OVERALL MARKET BREADTH AND SENTIMENT REMAINS WEAK.

MARKETS TODAY WOULD BE RANGE BOUND. IF NIFTY BREAKS 4388 AND TRADES BELOW THIS THEN WE CAN SEE NIFTY TO SEE A LEVEL OF 4337 AND BREAK BELOW THIS LEVEL WOULD DEFINITELY TAKE NIFTY TO 4200 KIND OF LEVELS. AND ON THE POSITIVE SIDE IF TRADES ABOVE 4428 THEN WE CAN SEE NIFTY TO MOVE TO 4494 AND TRADE ABOVE THIS LEVEL WOULD TAKE NIFTY TO 4550 AND ABOVE THIS POINT ONE CAN TAKE FRESH LONG POSITIONS UNTIL THEN IT IS ADVISED TO STAY ON THE SIDELINES ON THE LONG SIDE.

BUY YES BANK SL 145 TGT 157/159.7/162
BUY AXIS BANK SL 829 TGT 854/865
BUY STRIDES ARCOLAB WILL HIT UPPER CIRCUIT
SELL ABAN BELOW 1040 SL 1060 TGT 1016/998
SELL BPCL SL 510 TGT 488/476
SELL ACC SL 824 TGT 796/786