INTRDAY TIPS FOR 14 DECEMBER 2009

GOOD MORNING!!!
WITH THE INDUSTRIAL OUTPUT DATA COMING WELL BELOW THE EXPECTATIONS OF THE MARKET, MARKET HAS GIVEN UP GAINS WITH A SHARP FALL IN INDICES THOUGH THE RECOVERY WAS SHORT LIVED DURING THE DAY AT LAST ENDED IN RED. WE MAY SEE SOME STOCKS-SPECIFIC ACTIVITY IN COMING DAYS, WITH INVESTORS REACTING TO CORPORATE ADVANCE TAX PAYMENTS DATA WHICH IS DUE ON 15 DEC, THIS DATA WILL GIVE AN INDICATION OF INDUSTRY'S PERFORMANCE IN COMING MONTHS WHICH MAY ELIVATE SOME STOCKS TO NEW HIGHS. IN THE LAST QUARTER WE HAVE WITNESSED ADVANCE TAX PAYMENTS GREW BY 14.7% WHICH CLEARLY SHOWS THE SIGNS OF RECOVERY, WITH THIS FIGURES AND GROWTH RATE GOVERNMENT IS HOPEFUL ADVANCE TAX PAYMENTS MAY PROVE TO BE HELPFUL IN METTING THE SHORTFALL IN DIRECT TAX COLLECTIONS. BUT, ONE HAS TO REMEMBER THAT EVEN THOUGH THERE MAY BE STOCK SPECIFIC MOVES ON NEWS OF ADVANCED TAX IN THE STOCK SPECIFIC COUNTERS ONE HAS TO BEAR IN MIND THAT MARKETS HAVE RALLIED QUITE SHARPLY FROM MARCH THIS YEAR, WE CANNOT RULE OUT THE CORRECTION AT ANY STAGE BUT WITH ALL THE FIGURES SHOWING GOOD GROWTH AND IMPROVEMENT IN THE ECONOMY WE CANNOT RULE OUT THE BUYING AT LOWER LEVELS. FOREIGN INVESTORS HAVE BEEN INVESTING IN A RECORD MANNER WITH $75.4 BILLION WHICH IS THE HIGHEST SURPASSING THE PREVIOUS HIGH OF $54 BILLION IN 2007 AND THIS FIGURES ARE TAKEN TILL 09 DEC 09.

TODAY MARKETS LOOK RANGE BOUND WITH VERY STOCK SPECIFIC MOVES. IF NIFTY TRADES ABOVE 5111 THERE IS EVERY POSSIBILITY TO MOVE UP TO 5135 BREAK ABOVE THIS WILL TAKE NIFTY TO 5165 AND ONE REMAIN IN LONG IF NIFTY CLOSES ABOVE 5165 AND ON THE DOWN SIDE IF NIFTY TRADES BELOW 5098 THEN WE CAN SEE NIFTY TO SLIDE DOWN TO 5070 AND BREAK BELOW THIS LEVEL WILL HAVE A MINOR SUPPORT AT 5040 AND BREACHING THIS LEVEL WOULD TAKE NIFTY TO 5003 AND ONE CAN REMAIN IN SHORT IF NIFTY TRADES BELOW 5070. ON THE HOLDING SIDE WITH LESS RISK ONE CAN LOOK AT COMMUNICATION STOCKS AS THEY ARE WORST EFFECTED AND ARE IN AN UPMOVE AT CURRENT LEVELS ONE IS ADVISED TO TAKE OPTION CALLS ON LONG SIDE AS THAT IS VERY LESS RISKY AND ONE CAN MAXIMIZE GAINS.
BUY JINDALSTEL SL 738.6 TGT 749/758/764
BUY BHARAT FORGE SL 271 TGT 277/282/285
BUY GSSAMERICA SL 264 TGT 294/300/305
SELL AXISBANK BELOW 1003 SL 1011 TGT 989/980
POSITIONAL TRADES
BUY BANG OVERSEAS 49 TGT 62
BUY RENAISSANCE JEWELLERY 51.9 TGT 65
BUY ZICOM ELECTRONIC SECURITY @ 100.35 TGT 155 SL 85
BUY IVP LTD AT 35 TGT 70/105/150