INTRADAY TIPS FOR 09 NOVEMBER 2009

GOOD MORNING!!!

LAST TRADING SESSION WAS A SEE SAW MARKET. WE HAVE SEEN METAL, BANKING AND REALTY STOCKS EDGED HIGHER. BUT FMCG AND AUTO STOCKS FELL. THE MARKET BREADTH WAS STRONG. INTRADAY VOLATILITY WAS QUITE HIGH. THE MARKET SURGED IN EARLY TRADE ON FIRM ASIAN MARKETS AND OVERNIGHT SURGE IN US STOCKS TRIGGERED BY POSITIVE ECONOMIC DATA IN THE US. THE MARKET REMAINED RANGE BOUND IN MID-MORNING TRADE. IT PARED GAINS IN EARLY AFTERNOON TRADE AND REGAINED STRENGTH IN MID-AFTERNOON TRADE.
TODAY MARKETS WOULD BE POSITIVELY BIASED, TODAY IF NIFTY TRADES ABOVE 4998 THEN IT IS LIKELY TO TOUCH 4841 AND BREAK ABOVE THIS POINT ON GOOD VOLUMES WOULD LEAD NIFTY TO 4905 (AS TOLD IN THE LAST SESSION ONE CAN STAY INVESTED IF NIFTY CLOSES ABOVE 4860 FOR A TARGET OF 4934) AND ON THE DOWNSIDE IF NIFTY BREAKS BELOW 4775 THEN IT IS LIKELY TO TOUCH 4720 AND BREAK BELOW THIS POINT WOULD LEAD NIFTY 4656 SO ONE CAN TAKE POSITION ON BUY SIDE WITH STOPLOSS OF 4775 AND CARRY LONGS ONLY IF NIFTY CLOSES ABOVE 4860 ELSE BOOK PROFIT ON INTRADAY TERMS.
BUY ANDHRA BANK SL 114.9 TGT 117/119
BUY ONGC SL 1149 TGT 1175/1185/1209
BUY KOTAK BANK SL 759 TGT 774/785/794
BUY NAGARFERT SL 29.9 TGT 31.9/32.7/33.4
BUY PANTALOON SL 309 TGT 319/329
BUY PRAJ SL 85 TGT 88/90.5
POSITIONAL TRADES
BUY EMCO TGT 105
BUY EVERYDAY TGT 75

FOR LIVE TIPS ONE HAS TO CALL UP 9490116984