INTRADAY TIPS FOR 02 SEPTEMBER 2009

BUY IDBI AT 99 SL 85 TGT 120/135/150 ** (MUST BUY AT LOWER LEVELS)

INTRADAY TIPS FOR 02 SEPTEMBER 2009

GOOD MORNING!!!

THE KEY BENCHMARK INDICES STRENGTHENED TO HIT FRESH DAY'S HIGH IN AFTERNOON TRADE AS EUROPEAN MARKET OPENED HIGHER TRACKING FIRM ASIAN STOCKS. THE BSE 30-SHARE SENSEX WAS UP 232.61 POINTS OR 1.48%, OFF CLOSE TO 20 POINTS FROM THE DAY'S HIGH AND UP CLOSE TO 210 POINTS FROM THE DAY'S LOW. AUTO, REALTY, POWER, FERTILIZER, TEA, SUGAR STOCKS ROSE. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES GAINED. THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET, WAS STRONG. SHARES OF STATE-RUN HYDROPOWER GENERATOR NHPC WERE TRADING AT RS 37.40, A PREMIUM OF 3.89% OVER THE INITIAL PUBLIC OFFER PRICE OF RS 36. THE MARKET SURGED IN EARLY TRADE TRACKING GAINS IN ASIAN STOCKS TRIGGERED BY STRONG CHINESE MANUFACTURING SECTOR DATA. THE MARKET EXTENDED GAINS IN MID-MORNING TRADE. THE MARKET PARED GAINS IN EARLY AFTERNOON TRADE AS CHINESE STOCKS CAME OFF THE DAY'S HIGH. MARKET STRENGTHENED TO HIT FRESH DAY'S HIGH IN AFTERNOON TRADE. INDIA'S EXPORTS FELL AN ANNUAL 28.4% IN JULY 2009 OVER JULY 2008 AND IMPORTS FELL 37.1%, DATE RELEASED BY THE GOVERNMENT DURING TRADING HOURS TODAY, 1 SEPTEMBER 2009, SHOWED TODAY. PRIME MINISTER MANMOHAN SINGH SAID THAT COUNTRY HAS BEEN THROUGH A DIFFICULT YEAR DUE TO GLOBAL DOWNTURN AND POOR MONSOON. HE FURTHER ADDED THAT COUNTRY IS IN A STRONG POSITION TO MANAGE CONSEQUENCES OF DROUGHT AND THAT FOOD STOCKS ARE VERY HIGH. HE FURTHER ADDED THAT RURAL JOBS SCHEME OTHER SCHEMES TO MINIMIZE DRAUGHT IMPACT. HE SAID GOVERNMENT IS TAKING EFFORTS TO ENSURE NORMAL WINTER CROP. A LATEST SURVEY SHOWED INDIA'S MANUFACTURING ACTIVITY EXPANDED AT ITS SLOWEST PACE IN FIVE MONTHS IN AUGUST 2009. THE HSBC MARKIT PURCHASING MANAGERS' INDEX (PMI), BASED ON A SURVEY OF 500 COMPANIES, FELL TO A FIVE-MONTH LOW OF 53.2 IN AUGUST 2009 FROM A REVISED READING OF 55.4 IN JULY 2009. THE NEW ORDERS INDEX FELL TO 56.2 IN AUGUST 2009, ALSO ITS LOWEST IN FOUR MONTHS, FROM 60 IN JULY 2009.

TODAY MARKETS ARE GOING TO OPEN NEGATIVE AND THE BREADTH OF THE MARKET HAS TURNED NEGATIVE WHEN NIFTY HAS BREACHED 4640 NOW IF NIFTY TRADES BELOW 4600 THEN IT WILL TAKE A SUPPORT AT 4585 AND BREAK BELOW THIS LEVEL NIFTY CAN TAKE SUPPORT AROUND 4546 AND BREAK BELOW THIS LEVEL WOULD BE 4500 SO ONE CAN TAKE A BUY CALL WHEN NIFTY COMES AROUND 4520 LEVELS WITH A STOPLOSS OF 4500 AS THIS BEING A VERY VERY STRONG SUPPORT IN NIFTY BREAK AND CLOSE BELOW THIS WOULD TAKE NIFTY TO 4350 SO ONE CAN STAY SHORT IF IT CLOSES BELOW 4500. NIFTY ON THE UPSIDE MAY GO UP ONLY IF IT CROSSES 4630 LEVELS ONE CAN SEE NIFTY TO MOVE UP TO 4670. AND ONE IS ADVISED TO STAY CAUTIOUS AT LOWER LEVELS THERE MAY BE SOME BUYING EXPECTED AT LOWER LEVELS.

BUY TANLA SL 57 TGT 64
BUY HPCL SL 354 TGT 368/374
SELL STERLITE SL 665 TGT 642/632
SELL IFCI SL 53 TGT 52/51
SELL ICICI BANK SL 749 TGT 732/727
SELL AUSTRAL COKE WHERE EVER YOU CAN

POSITIONAL TRADES
BUY SALZER ELECTRONICS AROUND 93 LEVELS POSITIONALLY TGT 200/300 BUY BUYCLUTCH AUTO AROUND 32 TGT 40/52 SHORT TERM