INTRADAY TIPS FOR 31 DECEMBER 2010

GOOD MORNING!!!

INDIAN EQUITY INDICES WITNESSED ANOTHER STABLE SESSION OF TRADE A DAY AFTER BREAKING THE JINX OF TRADING IN A NARROW BAND FOR THE PAST 10 DAYS OF TRADING ON CLOSING SESSION OF EXPIRY DAY. THE MARKETS GOT OFF TO A POSITIVE START DESPITE THE MIXED CUES FROM THE GLOBAL COUNTERPARTS. THE BOURSES MOVED IN A NARROW RANGE WITH A POSITIVE BIAS FOR MOST PART OF THE DAY’S BUT PICKED UP SOME STRENGTH IN DYING HOURS. THE FRONTLINE INDICES CONSOLIDATED AT HIGHER LEVELS FOR SECOND STRAIGHT DAY TO SHUT AT THE HIGH POINT OF THE DAY. THE MARKET BREADTH WAS POSITIVE; MEANWHILE, INVESTORS ONCE AGAIN SHRUGGED OFF THE CONCERNS OF RISING FOOD PRICE INFLATION. ACCORDING TO THE DATA RELEASED BY THE MINISTRY OF COMMERCE AND INDUSTRY, INDIA'S FOOD PRICE INDEX ROSE 14.14% ON ANNUAL BASIS DURING WEEK-ENDED DEC 18, SUBSTANTIALLY FASTER COMPARED WITH 12.13% IN THE WEEK-ENDED DEC 11 AND 9.46% IN THE PREVIOUS WEEK. GAINS REMAINED BROAD-BASED DURING THE SESSION WITH CONSUMER DURABLES, REALTY AND INFORMATION TECHNOLOGY COUNTERS ATTRACTING MAXIMUM TRACTION. THE BROADER INDICES TOO RALLIED WITH CONVICTION AS THE MID-CAP TOO MANAGED TO OUTCLASS.

TODAY MARKETS WOULD LIKELY BE ON A NARROW RANGE BOUND AHEAD OF WEAK END. TODAY IF NIFTY TRADES ABOVE 6116 THEN LIKELY TO TOUCH 6145 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6204 LEVELS AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 6094 THEN LIKELY TO COME DOWN TO 6068 LEVELS AND BREAK BELOW THIS POINT WOULD DRAG IT TO 6040 LEVELS AND ANY CLOSE BELOW 6025 IS CONSIDERED TO BE WEAK FOR THE DAYS AHEAD.

BUY GREAT OFFSHORE SL 390 TGT 397/400/406 *
BUY BINANI INDS SL 221 TGT 232/239/250

POSITIONAL TRADES
BUY SESAGOA TGT 360/385

WISH YOU AND ALL YOUR FAMILY A VERY HAPPY NEW YEAR.

MAY GOOD HEALTH, WEALTH AND PROPERITY SHOWER LIKE RAIN ON YOU AND YOUR FAMILY IN THE YEAR AHEAD. HAPPY 2011

INTRADAY TIPS FOR 30 DECEMBER 2010

GOOD MORNING!!!

INVESTORS SHRUGGED OFF FEARS OVER NEW FRAUD CASE IN THE COUNTRY WHICH HAS COME TO THE SURFACE, MARKETS GOT OFF TO A POSITIVE START THIS MORNING PROMPTED GLOBAL CUES WHICH REMAINED SUPPORTIVE THROUGHOUT THE SESSION. ALL ASIAN COUNTERPARTS, BARRING TAIWAN WEIGHTED, SHOWED STRENGTH IN TRADE. MOST OF THE EUROPEAN INDICES WERE ALSO TRADING HIGHER. THE US INDEX FUTURES WERE SHOWING UP-TICK IN SCREEN TRADE. ALL THESE FACTORS HELPED DOMESTIC EQUITY INDICES TO SCALE HIGHER INCH BY INCH, IT MANAGED TO BREAK THE JINX OF THE PAST FEW DAYS OF THE TRADE, LOT OF TRADERS SQUARED OFF THEIR SHORT POSITIONS AHEAD OF EXPIRY WHICH ALSO IGNITED THE MARKETS TO SCALE HIGHER. THOUGH INDICES MOVED IN A NARROW RANGE WITH A POSITIVE BIAS TILL MID-MORNING. HOWEVER, PICKED THE MOMENTUM ALONG WITH THE STRENGTH IN THE LATE-MORNING TRADES. MARKET BREADTH WAS POSITIVE CONSUMER DURABLES, FAST MOVING CONSUMER GOODS AND METAL COUNTERS ATTRACTING MAXIMUM ATTENTION.

TODAY MARKETS WOULD REMAIN VOLATILE AHEAD OF EXPIRY. IF NIFTY TRADES 6075 THEN LIKELY TO MAKE AN UP MOVE TO 6092 AND ANY TRADE ABOVE THIS POINT THOUGH HAVE SOME RESISTANCE AROUND 6104 LIKELY TO MOVE UP TO 6140 ONLY IF 6104 IS BROKEN AND TRADED AND ANY CLOSE ABOVE 6100 ONE HAS TO STAY CATIOUS ON BUILDING ANY SHORT POSITIONS FOR TIME BEING. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 6050 THEN LIKELY TO COME DOWN TO 6030 AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY TO 6014 AND THEN TO 5997 AND ANY CLOSE BELOW 6000 IS A NEGATIVE SIGN IN THE MARKETS, WHERE ONE CAN GO POSITIONAL SHORT FOR THE NEXT MONTH CONTRACT.

BUY HINDZINC SL 1326 TGT 1353/1368/1379
BUY PIPAVAV SL 83.40 TGT 84.50/85.25/86
BUY ITC SL 174 TGT 175.50/176.40/177.40
POSITIONAL TRADES
BUY JINDAL STEEL AND POWER TGT 766/860

INTRADAY TIPS FOR 29 DECEMBER 2010

GOOD MORNING!!!

ANOTHER SLUGGISH DAY OF TRADE IN THE INDIAN EXCHANGES, MARKETS STARTED THE SESSION WITH MODEST GAINS THIS MORNING TRACKING MIXED GLOBAL CUES. INDICES MOVED WITHIN A NARROW RANGE THAT TOO NEAR THE NEUTRAL LINE IN THE MORNING SESSION AND SIMILAR TREND CONTINUED TILL AFTERNOON MORNING SESSION. THE MARKETS WITNESSED SOME SELLING PRESSURE IN AFTERNOON TRADES, WHICH DRAGGED THEM TO DAY’S LOW. LATER INDICES RECOVERED FROM THEIR INTRADAY LOWS IN LATE TRADES TO ENTER THE POSITIVE TERRAIN BUT ALL THIS ACTION CONTINUED TO HAPPEN IN A VERY SMALL RANGE. THE MARKETS MOVED BACK AND FORTH IN LAST HOUR OF TRADE AS WELL BEFORE SIGNING OFF THE SESSION AROUND THE NEUTRAL LINE. DESPITE BEING F&O EXPIRY WEEK, THE VOLUME HASN’T PICKED UP ON THE STREET. THE TURNOVER FOR THE SESSION STOOD AT AROUND RS 1.01 LAKH CRORE. MARKET BREADTH WAS POSITIVE; FMCG, HEALTHCARE AND TECHNOLOGY COUNTERS WAS OFFSET BY LOSSES IN OIL & GAS, PSU AND AUTO STOCKS. TELECOM STOCKS WERE IN ACTION DURING THE SESSION.

TODAY MARKETS LOOK VOLATILE AHEAD OF EXPIRY TOMORROW, WE MAY WITNESS SOME KIND OF RANGE BOUND MOVEMENTS UNTIL THE SPECIFIED LEVELS IN THE NIFTY ARE BREACHED. IF NIFTY TRADES BELOW 5999 ONE CAN SEE NIFTY TO TRADE DOWN TO 5985 AND THEN TO 5955 LEVELS AND ANY BREAK BELOW THIS POINT WOULD SEE NIFTY TO SLIDE DOWN TO 5912 LEVELS, AND IF NIFTY CLOSES BELOW 5985 ON THE CLOSING BASIS WE CAN RETAIN SHORTS AND WE MAY HEAD DOWN. ON THE FLIP SIDE IF NIFTY TRADES ABOVE ABOVE 6030 THEN LIKELY TO MOVE UP TO 6043 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6060 AND THEN TO 6090 BUT AS OF NOW NIFTY AT CURRENT LEVELS ON A SHORT TERM FRONT LOOKS WEAK, SO ONE IS ADVISED TO STAY CAUTIOUS AND ALSO ADVISE YOU TO HEDGE YOUR POSITIONS WITH SOME AMOUNT OF PUTS TO SAFEGUARD YOUR CAPITAL INVESTED IN STOCKS. EXCEPT FOR THE STOCK SPECIFIC MANY STOCKS ARE AT A PLACE WHERE THEY CAN BLEED.

BUY GUJ NRE COKE SL 60.40 TGT 62.40/63.30/64.75 (SHORT TERM 75)*
BUY MOSER BAER SL 62 TGT 64/65.30/67.20
BUY BARTRONICS SL 90.25 TGT 95.90/99.40/101.90
POSITIONAL TRADES
BUY TATA ELEXSI TGT 340/400*
BUY HEXAWARE TGT 140*
BUY MCDOWEL TGT 1675*

INTRADAY TIPS FOR 28 DECEMBER 2010

GOOD MORNING!!!

INDICES ENDED THE DAY IN THE RED AFTER TRADING FIRM FOR MOST PART OF THE SESSION. THE TRADE, HOWEVER, REMAINED RANGE BOUND THROUGHOUT THE SESSION. EARLIER IN THE MORNING, THE BENCHMARKS EXTENDED THEIR GAINS AFTER MAKING A FLAT START TRACKING STRONG CUES FROM MOST OF THE REGIONAL PEERS DESPITE CHINA'S CENTRAL BANK'S MOVE TO HIKE KEY RATES OVER THE WEEKEND. THE MARKETS EXTENDED THEIR EARLY GAINS AND HIT THREE-WEEK HIGHS IN MID-MORNING SESSION WHICH WAS SUPPORTED BY FIRM ASIAN COUNTERPARTS. THE TRADE REMAINED RANGE BOUND WITH A POSITIVE BIAS IN THE LATE-MORNING SESSION TRACKING MIXED CUES FROM THE REGIONAL PEERS. IT WAS THE LATE AFTERNOON SESSION WHEN DOMESTIC MARKETS STARTED FEELING SELLING PRESSURE AND SLIPPED INTO THE RED AS DOWN-TICK OF AROUND 2% IN CHINA'S SHANGHAI COMPOSITE SPREAD JITTERS ACROSS LOCAL EQUITIES. IN THE FINAL HOURS OF TRADE, MARKETS TOOK CUES FROM EUROPEAN MARKETS WHICH FELL IN EARLY TRADE, MAKING THE NIFTY TO ONCE AGAIN CLOSE BELOW 6,000-MARK, THOUGH THERE WAS SOME PULLBACK IN LAST HALF AN HOUR OF TRADE, BUT IT WAS TOO LITTLE TO HELP THE MARKETS TO SHUT SHOP IN THE GREEN. THE BROADER INDICES THAT WERE HOLDING THEIR NECK IN THE GREEN DURING MOST PART OF THE DAY, ALSO CAME OFF THEIR DAY'S HIGH IN LATE TRADES. METAL AND REALTY INDICES SHOWED FATIGUE DURING THE DAY'S TRADE WHILE, HEALTHCARE, SOFTWARE AND CONSUMER DURABLES COUNTERS WERE THE STAR PERFORMERS OF THE SESSION. MOREOVER, SUGAR STOCKS LIKE BAJAJ HINDUSTAN AND BALRAMPUR CHINI MILLS ENDED WITH A GAIN OF MORE THAN 1.5-2.5%, AS THE FUTURES TRADING IN SUGAR RESUMED TODAY AFTER A GAP OF ONE-AND-A-HALF YEARS. THE GOVERNMENT HAD EARLIER BANNED SUGAR FUTURES TRADING ON MAY 27, 2009, THE BAN WAS VALID TILL SEPTEMBER 30 THIS YEAR, FOLLOWING WHICH IT WAS ALLOWED TO LAPSE BY THE REGULATOR, THE FORWARD MARKETS COMMISSION (FMC). TELECOM STOCKS VIZ RELIANCE COMMUNICATIONS, BHARTI AIRTEL AND IDEA CELLULAR ALL FINISHED THE DAY'S TRADE WITH A CUT OF MORE THAN 2-3.5%, AS THE DEPARTMENT OF TELECOM (DOT) HAS SLAPPED NOTICES, SEEKING PENALTIES RUNNING INTO HUNDREDS OF CRORE FROM THOSE TELECOM FIRMS, WHICH GOT LICENCES ISSUED BUT HAVE NOT ROLLED OUT SERVICES YET.

TODAY MARKET LOOKS WEAK TRACKING GLOBAL CUES, ONE HAS TO BE VERY CAUTIOUS IN THE MARKETS AS WE ARE NEARING EXPIRY IN COUPLE OF DAYS. TODAY IF NIFTY OPENS POSITIVE ONE CAN GO SHORT AT ANY LEVEL AS IT IS UNLIKELY TO STAY POSITIVE DURING THE DAY. TODAY IF NIFTY TRADES BELOW 6000 THEN WE CAN SEE NIFTY TO SLIDE DOWN TO 5960 AND THEN TO 5920 LEVELS. ON THE POSITIVE SIDE ONLY ABOVE 6040 ONE CAN GO LONG AND NIFTY LIKELY TO MOVE TO 6090 IF CROSSES 6040 LEVELS. AND ONE CAN REMAIN SHORTS OVERNIGHT IF NIFTY CLOSES BELOW 5985 LEVELS.

NO RECOS FOR THE DAY

INTRADAY TIPS FOR 27 DECEMBER 2010

GOOD MORNING!!!

INDICES GOT OFF TO A NEGATIVE START AS WEAK GLOBAL CUES WEIGHED ON THE SENTIMENT. THE MAIN INDICES MOVED IN A VERY TIGHT RANGE WITH A NEGATIVE BIAS IN THE MID-MORNING SESSION. THE MARKETS TRIMMED SOME OF THEIR EARLY LOSSES IN LATE-MORNING TRADES. INDICES SNAPPED THEIR TWO-DAY LOSING STREAK WITH RESPECTABLE GAINS ON FRIDAY DESPITE NOT VERY ENCOURAGING GLOBAL CUES. BULLS SHOWED STRENGTH IN THE SECOND HALF OF THE SESSION AFTER STAYING ON THE FENCE DURING EARLY PART OF TRADE. MARKET BREADTH WAS POSITIVE, GAINS WERE AIDED BY STRONG BUYING IN CONSUMER DURABLES, METAL AND FAST MOVING CONSUMER GOODS SPACE. ON THE OTHER HAND, AUTO, PUBLIC SECTOR UNDERTAKING AND OIL & GAS STOCKS WITNESSED SELECTIVE SELLING FROM TRADERS. TYRE MAKERS HOGGED THE LIMELIGHT IN TRADE TODAY ON THE BACK OF THE GOVERNMENT’S DECISION TO SLASH IMPORT DUTY ON NATURAL RUBBER TO 7.5% FROM 20% FOR DISPATCHES TO THE TUNE OF 40,000 TONNES UNTIL MARCH 31, 2011. THE RELIANCE ANIL DHIRUBHAI AMBANI GROUP (REL-ADAG) COMPANIES WITNESSED SHARP UP-MOVES IN LATE TRADES. ON THE FLIP SIDE, THE STATE-RUN OIL MARKETING COMPANIES (OMCS) REMAINED UNDER PRESSURE THROUGHOUT THE SESSION AS REPORTS INDICATED THAT THE CENTRE WAS LIKELY TO DEFER DIESEL PRICE HIKE BY FEW WEEKS.

TODAY MARKETS MAY BE RANGE BOUND, BUT IF NIFTY TRADES ABOVE 6045 THEN LIKELY TO SEE NIFTY TO MOVE UP TO 6060 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6077 AND THEN TO 6106 THOUGH 6090 IS A STRONG RESISTANCE. AND ON THE FLIP SIDE IF NIFTY TRADES BELOW 6030 THEN LIKELY TO COME DOWN TO 6014 AND BREAK BELOW THIS LEVEL 5995 AND ANY BREAK BELOW THIS POINT WOULD DRAG NIFTY TO 5867 LEVELS. ONE HAS TO BE VERY CAUTIOUS AS WE ARE NEARING THE EXPIRY FOR THE MONTH. WE MAY SEE A HUGE VOLATILITY IN THE MARKETS IN THE NEW FEW SESSIONS.

BUY MPHASIS SL 662 TGT 674/680/685
BUY BF UTILITIES SL 833 TGT 866/877/888

INTRADAY TIPS FOR 24 DECEMBER 2010

GOOD MORNING!!!

MARKETS OPENING SESSION WAS POSITIVE AS INVESTORS TOOK CUES FROM HIGHER CLOSE ON THE WALL STREET IN OVERNIGHT TRADE, THE POSITIVE MOMENTUM WITNESSED IN EARLY TRADES DIDN’T LAST TOO LONG AS MIXED CUES FROM REGIONAL PEERS TRIGGERED SOME WORRIES AMONG INVESTORS. MARKETS PARED THEIR EARLY GAINS TO EDGE LOWER IN THE MID-MORNING SESSION AS INVESTORS OPTED TO PROFIT BOOKING AHEAD OF RELEASE OF WEEKLY INFLATION DATA FROM THE GOVERNMENT. THE SELLING PRESSURE GOT INTENSIFIED IN LATE-MORNING TRADES AFTER THE GOVERNMENT DATA SHOWED RISE IN FOOD PRICE INFLATION TO 12.13% DURING THE WEEK ENDED DECEMBER 11, 2010 AS COMPARED TO 9.46% IN THE EARLIER WEEK. INDICES TOUCHED THEIR INTRADAY LOWS IN THE AFTERNOON SESSION. MEANWHILE, THE SELLING PRESSURE GOT ARRESTED IN LATE-AFTERNOON TRADES AND THE MARKETS ONCE AGAIN INCHED CLOSER TO THE NEUTRAL LINE. VOLUME FOR THE DAY WAS THE LOWEST COMPARED TO PAST COUPLE OF SESSIONS AT AROUND RS 98,800 CRORE. THE MARKET BREADTH WAS WEAK, CONSUMER DURABLES, METAL AND REALTY COUNTERS WERE THE MAJOR LAGGARDS ON THE BOURSES WHILE HEALTHCARE, SOFTWARE AND TECHNOLOGY STOCKS SHOWED SOME RESILIENCE IN TRADE.

TODAY NIFTY MAY BE RANGE BOUND, IF NIFTY TRADES BELOW 5980 THEN ONE CAN GO SHORT FOR A TARGET OF 5955 AND BREAK BELOW THIS POINT WOULD TAKE NIFTY TO 5935 LEVELS AND ANY TRADE BELOW THIS LEVEL WOULD DRAG NIFTY TO 5912, IF NIFTY CLOSES BELOW 5980 THEN LIKELY TO SEE NEGATIVE MOVEMENT IN THE NIFTY IN DAYS AHEAD. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 6011 THEN WE CAN SEE NIFTY TO MOVE UP TO 6030 LEVELS AND BREAK ABOVE THIS LIKELY TO MOVE UP TO 6060 AND THEN TO 6093 LEVELS. ONE IS ADVISED TO STAY SHORT AT EVERY HIGHER LEVELS KEEPING 6030 AS STOPLOSS ON INTRADAY. SUGAR STOCKS LOOKING VERY GOOD.

BUY POLARIS SL 178 TGT 182.75/185/187.40 (SHORT TERM 210)*
BUY OFSS SL 2309 TGT 2331/2344/2362 (SHORT TERM 2700)*
BUY BERGER PAINTS SL 108 TGT 111/114/117* (SHORT TERM 145)*

INTRADAY TIPS FOR 23 DECEMBER 2010

GOOD MORNING!!!

A POSITIVE START IN INDIAN MARKETS WERE PROMPTED BY STRONG GLOBAL CUES. THE US INDICES SCALED THEIR OVER TWO-YEAR PEAKS IN TUESDAY’S SESSION WHICH GAVE A SENTIMENTAL BOOST TO MOST OF THE ASIAN PEERS IN MORNING TRADES. MARKETS LOOKED ON A VERY POSITIVE NOTE IN EARLY TRADES BUT THEY FAILED TO BUILD-ON TO THE MORNING MOMENTUM AS THE DAY PROGRESSED, INDICES OSCILLATED IN A NARROW RANGE WITH A POSITIVE BIAS IN THE MID-MORNING SESSION. THE LATE-AFTERNOON SESSION WAS SLID DOWN AS FRONTLINE COUNTERS WITNESSED SOME PROFIT BOOKING AND AS THE US AND EUROPEAN INDEX FUTURES HOVERED AROUND THE NEUTRAL LINE AND PRESSURE SURMOUNTED IN LATE TRADES ON THE BACK OF DOWN-TICK ON THE EUROPEAN BOURSES. THE MARKETS, HOWEVER, RECOVERED MOST OF THEIR LOSSES IN LAST ONE HOUR OF TRADE TO SIGN OFF THE SESSION. THE MARKET BREADTH WAS STRONG; OIL & GAS, CAPITAL GOODS AND BANKING COUNTERS WERE THE MAXIMUM LOSERS IN TRADE. ON THE FLIP SIDE, METAL, PUBLIC SECTOR UNDERTAKING AND FAST MOVING CONSUMER GOODS STOCKS CAPPED THE DOWNSIDE ON THE BOURSES

TODAY MARKETS LOOK FLAT AND RANGE BOUND. ONE IS ADVISED TO FOLLOW THE BREAKOUT POINTS MENTIONED BELOW FOR BUYING AND SELLING. IF NIFTY TRADES ABOVE 6035 ONE CAN SEE NIFTY TO SHOOT UP TO 6094 LEVELS AND ON THE DOWN SIDE IF NIFTY TRADES BELOW 5980 THEN NIFTY LIKELY TO COME DOWN TO 5950 AND THEN TO 5900 LEVELS AND ANY CLOSE BELOW 5950 ONE CAN CARRY OVER THE SHORT POSITIONS. IF NIFTY TRADES POSITIVE ON THE OPENING ONE CAN GO SHORT AND MAKE USE OF INTRADAY VOLATILITY, ONE CAN GO SHORT AT HIGHER LEVELS IN THE INTRADAY KEEPING A STRICT STOPLOSS OF 6035.

BUY RANBAXY SL 569 TGT 576/578/581
BUY HIND ZINC SL 1277 TGT 1296/1308/1327 (SHORT TERM 1470)**
BUY JINDAL POLY SL 529 TGT 545/550/567

POSITIONAL TRADES
BUY HIND ZINC TGT 1470/1600

INTRADAY TIPS FOR 22 DECEMBER 2010

GOOD MORNING!!!

THE MARKETS GOT OFF TO A POSITIVE START TRACKING STRONG GLOBAL CUES AND REMAINED FIRM ACROSS THE BOARD AS BUYING FROM INVESTORS WAS CONSISTENT. THE MARKETS OSCILLATED IN A TIGHT BAND WITH A POSITIVE BIAS IN EARLY-NOON AND LATE-AFTERNOON TRADES. POSITIVE START FOR EUROPEAN BOURSES AND GOOD CUES COMING FROM OTHER PARTS OF THE WORLD KEPT THE BULLS ACTIVE THROUGHOUT THE TRADE WHICH HELPED INDICES TO SCALE TO NEW HIGHS OF THE DAY AND CLOSE TO THE NEW HIGHS. METAL, BANKING AND REALTY COUNTERS WERE THE MAJOR GAINERS DURING THE SESSION WHILE HEALTHCARE, TECHNOLOGY AND SOFTWARE STOCKS WITNESSED SELECTIVE SELLING FROM TRADERS. ON GLOBAL FRONT, ALL ASIAN COUNTERPARTS SETTLED HIGHER WITH PROMINENT MARKETS LIKE CHINA’S SHANGHAI COMPOSITE, HONG KONG’S HANGSENG AND JAPAN’S NIKKEI 225 REGISTERING GAINS OF OVER ONE AND A HALF PERCENT EACH.

TODAY MARKETS WOULD OPEN POSITIVE TRACKING POSITIVE US AND EUROPE FUTURES AND ASIAN COUNTERPARTS, IF NIFTY TRADES ABOVE 6027 THEN LIKELY TO MAKE ITS UPMOVE TO 6047 AND THEN BREAK ABOVE WOULD TAKE NIFTY TO 6064 LEVELS AND ANY THINGABOVE 6050 IS ONSIDERED TO BE BULLISH AND ON THE FLIP SIDE IF NIFTY TRADES BELOW 6000 THEN LIKELY TO MAKE ITS DOWN MOVE TO 5977 AND ANYTHING BELOW THIS WOULD DRAGE NIFTY TO 5960 LEVELS AND CLOSE B ELOW WOULD TAKE NIFTY TO FURTHER NEW LOWS OF INTRADAY . STAY CAUTIOUS IN THE MARKETS AS THE VOLUMES ARE ALMOST BLEAK WHICH IS THE LOWEST OF THE LAST ONE MONTH IN NIFTY.

BUY FSL SL 23.25 TGT 23.85/24.30/24.60
BUY ASIAN PAINTS SL 2903 TGT 2980/3030/3060 (SHORT TERM 3500)*
BUY HINDALCO SL 233 TGT 237/240/244

INTRADAY TIPS FOR 21 DECEMBER 2010

GOOD MORNING!!!

THE OPENING OF THE MARKETS WERE NEGATIVE WEIGHED BY WEAK ASIAN CUES. INDICES GYRATED IN A TIGHT BAND WITH A NEGATIVE BIAS IN THE MID-MORNING SESSION. THE MARKETS, HOWEVER, STARTED PARING THEIR EARLY LOSSES IN LATE-MORNING TRADES. THE MOMENTUM CONTINUED IN THE AFTERNOON SESSION AS WELL WHICH HELPED THE KEY INDICES TO TURN POSITIVE IN THE NOON SESSION. RECOVERY IN ASIAN PEERS AND THE US INDEX FUTURES TRIGGERED SHORT COVERING IN THE INDIAN INDICES. START IN THE GREEN FOR EUROPEAN INDICES ALSO BOOSTED SENTIMENT IN LATE-AFTERNOON TRADES WHICH FURTHER ELEVATED THE INDICES TO HIGHER LEVELS. AT THE FAG END OF THE SESSIONS BEARS BECAME AGGRESSIVE AT HIGHER LEVELS AND DRAGGED THE BOURSES TO THE NEUTRAL LINE BY THE END OF THE SESSION. THOUGH THE MARKET BREADTH WAS POSITIVE, THE VOLUMES WERE VERY LOW AS INVESTORS REMAINED CAUTIOUS AHEAD OF THE END OF CALENDAR YEAR AS MOST OF THE GLOBAL FUND MANAGERS ARE EXPECTED TO GO ON VACATION FOR CHRISTMAS AND NEW YEAR FROM THIS WEEK WHICH WILL RESULT IN FURTHER SPIKE-UP IN VOLATILITY DUE TO REDUCTION IN VOLUME. AUTO SPACE WAS THE STAR PERFORMER OF THE SESSION LED BY EIGHTEEN PERCENT RALLY IN TWO-WHEELER MAKER HERO HONDA. SOFTWARE, TECHNOLOGY AND METAL COUNTERS ALSO SHOWED STRENGTH IN TRADE. ON THE FLIP SIDE, BANKING, REALTY AND HEALTHCARE STOCKS REMAINED SUBDUED DURING THE SESSION.

TODAY MARKETS LOOK FLAT TO POSITIVE THOUGH THERE IS EVERY POSSIBILITY OF BEARS ATTACKING THE MARKETS AT THE HIGHER LEVELS OF THE TRADE. IF NIFTY TRADES ABOVE 5986 THEN ONE CAN SEE NIFTY TO MOVE UP TO 6011 AND BREAK ABOVE THIS POINT WOULD TAKE IT TO 6050 LEVELS, AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5935 ONE CAN SEE NIFTY TO SLIDE DOWN TO 5900 LEVELS AND ANY BREAK BELOW THIS POINT WOULD TAKE IT FURTHER TO 5863 LEVELS. ONE IS ADVISED TO STAY CAUTIOUS IN THE MARKETS ON THE POSITIVE TERRITORY THOUGH MARKETS IS MOVING ON THE POSITIVE SIDE, THE POINT OF CONCERN IS THE VOLUMES IN THE EXCHANGE AND THERE IS NO STRONG SIGNS OF UPMOVE, THERE IS EVERY CHANCE THAT MARKETS MAY SUDDENLY SLIDE DOWN AT ANY POINT, WE CAN STILL MOVE DOWN BY ANOTHER 300 TO 400 POINTS IN NIFTY BEFORE WE MAKE AN UP MOVE.

BUY UNITED BREWERIES SL 473 TGT 492/500/511 (SHORT TERM 590)*
BUY HEXAWARE SL 109 TGT 112/114/116 (SHORT TERM 135)*
BUY TCS SL 1160 TGT 1185/1200/1210 (ONE CAN BUY CALL OPTION OF 1200)*
BUY JSW STEEL SL 1180 TGT 1207/1220/1236

INTRADAY TIPS FOR 20 DECEMBER 2010

GOOD MORNING!!!

LATE RECOVERY IN THE INDIAN MARKETS HELPED INDICES TO CLOSE THE WEEK ON A POSITIVE NOTE. INITIALLY THOUGH MARKETS OPENED POSITIVE COULDN’T HOLD THE POSITIVE BREADTH FOR A LONG TIME AND EDGED LOWER IN MINUTES OF OPENING LATER MOVED BACK AND FORTH TILL THE MID MORNING SESSION AFTER THE RBI’S DECISION TO LEAVE POLICY RATES UNCHANGED MARKETS BECAME EXTREMELY VOLATILE THOUGH SELLING INTENSIFIED IN THE AFTERNOON TRACKING WEAK US AND EUROPEAN INDEX FUTURES ALONG WITH THE NEGATIVE CUES FROM THE MOST OF THE ASIAN COUNTERPARTS INDICES MANAGED TO TOUCH INTRADAY LOWS. BUT LATER IN THE LATE AFTERNOON SESSION SITUATION FOR THE BEARS WORSENED BY THE END OF THE SESSION AND BARRING CAPITAL GOODS AND POWER COUNTERS, ALL OTHER SECTORAL INDICES INCHED HIGHER. SOFTWARE STOCKS WERE THE TOP GAINERS FOLLOWED BY TECHNOLOGY SHARES. BANKING COUNTERS ALSO GAINED STRENGTH AFTER THE RBI ANNOUNCED MEASURES TO EASE LIQUIDITY CRUNCH. BREADTH OF THE MARKETS FROM NEGATIVE TURNED COMPLETELY POSITIVE AT THE END OF THE TRADING SESSION.

TODAY MARKETS WOULD OPEN FLAT AFTER A LONG WEEKEND AND WOULD REMAIN IN RANGE BOUND. TODAY IF NIFTY TRADES ABOVE 5985 THEN MARKETS MAY INCLINE TO 6005 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6032 NIFTY MAY FACE RESISTANCE AROUND THIS PLACE AS 5939 IS A 21 DMA. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5955 THEN LIKELY TO COME DOWN TO 5935 LEVELS AND BELOW THIS POINT MAY SLIDE FURTHER DOWN TO 5912, AS 5914 IS A 10 DMA WHICH MAY LIKELY TO TAKE SUPPORT AT THIS LEVELS BUT ANY BREAK BELOW THIS LEVEL WOULD TAKE NIFTY FURTHER LOWER LEVELS. ONE HAS TO BEAR IN MIND THAT WE ARE STILL IN A NEGATIVE PATTERN AND DO NOT BUILD UP LOT OF LONG POSITIONS.

BUY TATA STEEL SL 659 TGT 666/672/679
BUY AUROBINDO PHARMA SL 1317 TGT 1340/1354/1360
BUY POLARIS SL 175 TGT 179/183/186 (SHORT TERM 220)**
BUY ISPAT INDS SL 22 TGT 23/23.40/24.75 (SHORT TERM 30)**

INTRADAY TIPS FOR 16 DECEMBER 2010

GOOD MORNING!!!

THE MARKETS REMAINED UNDER PRESSURE SINCE VERY BEGINNING ON THE BACK OF WEAK CUES FROM REGIONAL PEERS. INDICES OSCILLATED IN A TIGHT RANGE WITH A NEGATIVE BIAS IN THE MID-MORNING SESSION. THE MARKETS WITNESSED SOME RECOVERY IN LATE-MORNING TRADES BUT LACK OF BUYING SUPPORT AT HIGHER LEVELS ONCE AGAIN PULLED THE INDICES LOWER. THE MAIN INDICES REMAINED CHOPPY IN EARLY-NOON AND LATE-AFTERNOON TRADES TRACKING DOWN-TICK ON THE US AND THE EUROPEAN INDEX FUTURES. INDICES SNAPPED THEIR THREE-DAY WINNING STREAK ON WEDNESDAY AS INVESTORS TURNED CAUTIOUS AHEAD OF THE RESERVE BANK OF INDIA’S (RBI) SCHEDULED MID-QUARTER POLICY REVIEW. THOUGH IT IS EXPECTED THAT THE CENTRAL BANK MAY HALT ITS MONETARY TIGHTENING MEASURES THIS TIME ON THE BACK OF ROBUST ECONOMIC DATA, BUT MARKET-MEN OPTED TO TAKE SOME PROFIT OFF THE TABLE IN TRADE TO REMAIN ON A SAFER SIDE. THE BULLS ALSO LOOKED EXHAUSTED DURING THE SESSION AFTER REMAINING IN ACTION FOR THREE SESSIONS IN A ROW. MOST OF THE ASIAN COUNTERPARTS EDGED LOWER IN TRADE AND THE EUROPEAN BOURSES ALSO DISPLAYED SIMILAR TREND. RATE SENSITIVE REALTY AND BANKING COUNTERS WERE HAMMERED BY THE BEARS DURING THE SESSION. APART FROM THIS, CONSUMER DURABLES, HEALTHCARE AND PUBLIC SECTOR UNDERTAKING STOCK ALSO WITNESSED PROFIT TAKING FROM INVESTORS. ON THE OTHER HAND, SOFTWARE AND TECHNOLOGY SHARES BUCKED THE WEAK TREND. STOCK SPECIFIC ACTION WAS SEEN BASED ON REPORTS OF THE COMPANIES’ ADVANCE TAX NUMBERS.

TODAY IF NIFTY WOULD BE RANGE BOUND, THE KEY TRIGGER WOULD BE THE RBI MID QUARTER POLICY REVIEW WHICH IF TURNS POSITIVE WILL IGNITE BANK NIFTY AND RATE SENSITIVE STOCKS WHICH WILL BOOST THE INDEX ACROSS THE EXCHANGE. IN THE OPENING TRADE ONE CAN TAKE LONG POSITION WITH A STOPLOSS OF 5884 WHICH IS A SUPPORT AS WELL AS A POINT OF RETRACEMENT FOR THE RECENT GROWTH. IF NIFTY TRADES BELOW 5884 THEN LIKELY TO COME DOWN TO 5780 LEVELS THOUGH THERE MAY BE MINOR SUPPORTS IN BETWEEN AT 5855 AND 5817. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5926 THEN LIKELY TO MAKE AN UPMOVE TO 5970 AND ANY BREAK ABOVE THIS POINT WOULD TAKE IT TO 5984. ONE IS ADVISED TO EXIT LONGS IF NIFTY TRADES BELOW 5850 LEVELS AND CAN CARRY SHORTS IN NIFTY BELOW THIS LEVEL.

BUY INFOSYS SL 3198 TGT 3221/3231/3252
BUY DABUR SL 101 TGT 102.70/103.50/104.50
BUY KS OILS SL 47.50 TGT 51/52.90/54.50
BUY TATA MOTORS SL 1319 TGT 1334/1345/1364

INTRADAY TIPS FOR 15 DECEMBER 2010

GOOD MORNING!!!

INDICES EXTENDED THEIR GAINS FOR THE THIRD SESSION IN A ROW ON TUESDAY TRACKING OVER 100 BASIS POINTS DROP IN HEADLINE INFLATION DURING THE MONTH OF NOVEMBER. THE INFLATION FOR THE MONTH UNDER REVIEW STOOD AT 7.48% AS COMPARED TO 8.58% IN THE EARLIER MONTH. MARKETS ENDED THE DAY WITH DECENT GAINS AFTER TRADING IN TIGHT RANGE THROUGHOUT THE DAY TRACKING MIXED GLOBAL CUES. THE TRADE REMAINED RANGE BOUND TILL MID MORNING SESSION BUT AFTERWARDS THE MARKETS GAINED STRENGTH AS CONCERNS OVER INTEREST RATE HIKE IN NEAR TERM BY THE CENTRAL BANK SUBSIDED AFTER LATEST DATA SHOWED FALL IN INFLATION. CONSUMER DURABLES AND METAL COUNTERS WERE THE STAR PERFORMERS OF THE SESSION.

TODAY MARKETS LOOK FLAT TO NEGATIVELY BIASED ON THE WEAK OPENING OF ASIAN STOCKS. TODAY IF NIFTY TRADES BELOW 5935 AND ABOVE 5984 ONE IS ADVISED TO STAY AWAY FROM BOTH LONG AND SHORTS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5935 THEN ONE CAN SEE NIFTY TO SLIDE DOWN TO 5900 LEVELS AND BREACH BELOW THIS LEVEL WOULD TAKE SUPPORT AT 5880 AND THEN 5840 LEVELS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5984 THEN ONE CAN SEE NIFTY TO MOVE UP TO 6020 AND BREAK ABOVE THIS POINT WOULD FACE RESISTANCE AT 6045 LEVELS. STAY CAUTIOUS AT EVERY HIGHER LEVELS.

BUY HINDOILEXP SL 207.90 TGT 214/218/224
BUY RECLTD SL 327 TGT 333/337/342

INTRADAY TIPS FOR 14 DECEMBER 2010

GOOD MORNING!!!

AFTER GETTING OFF TO A GAP-UP START THIS MORNING TRACKING POSITIVE CUES FROM THE REGIONAL PEERS, THE DOMESTIC EQUITY MARKETS EXTENDED THEIR GAINS IN THE MORNING SESSION. MEANWHILE, THE KEY INDICES WITNESSED A SUDDEN BOUT OF SELLING IN THE MID-MORNING SESSION AFTER FEW MEDIA REPORTS SUGGESTED THAT SOUTH KOREAN MILITARY HAS BEGUN NEW FIRING DRILLS. EARLIER LAST MONTH, NORTH KOREA HAD BOMBARDED ONE OF THE BORDER ISLANDS OF SOUTH KOREA WITH AROUND 200 ARTILLERY SHELLS. IN RESPONSE TO THIS, THERE WAS FIRING FROM SOUTH KOREA AS WELL. START OF NEW FIRING DRILLS BY SOUTH KOREA, IS THE LATEST DEVELOPMENT IN THIS SERIES. THIS NEWS TRIGGERED SHARP SELL OFF ON THE STREET WHICH DRAGGED THE MAIN INDICES TO THEIR DAY’S LOWS. THE MARKETS REVERSED SOME OF THEIR LOSSES IN LATE-MORNING TRADES BUT THEY CONTINUED TO HOVER AROUND THEIR INTRADAY TROUGHS. THE RECOVERY CONTINUED IN THE EARLY-NOON AND LATE-AFTERNOON SESSION. THE BOURSES ONCE AGAIN EXTENDED THEIR LOSSES IN LATE TRADE BEFORE SHOWING SHARP RECOVERY. POSITIVE BEGINNING FOR THE EUROPEAN MARKETS ALSO LIFTED INVESTOR MOOD IN LATE TRADE. THE MARKETS SHOWED ONESIDE UP-MOVE TOWARDS THE END OF THE SESSION. THE BENCHMARK INDICES SCALED THEIR INTRADAY PEAKS IN LAST HALF AN HOUR OF TRADE AND FINALLY LOGGED OFF THE SESSION NEAR THOSE LEVELS. THE MARKET SHRUGGED OFF REPORTS THAT THE SECURITIES & EXCHANGE BOARD OF INDIA (SEBI) PLANS TO MAKE IT MANDATORY FOR COMPANIES TO PROVIDE MORE DISCLOSURES WHEN THEY SEEK TO PLACE SHARES PRIVATELY WITH INSTITUTIONAL INVESTORS AND ALSO FOR BLOCK AND BULK DEALS. AS PER REPORTS, SEBI HAS STARTED TO WORK ON CHANGING THE EXISTING RULES GOVERNING PRIVATE PLACEMENT OF SHARES AND OFF-MARKET TRANSACTIONS AFTER GROWING EVIDENCE THAT PROMOTERS AND MARKET OPERATORS ARE ROUTINELY EXPLOITING LOOPHOLES IN THE REGULATIONS AND RIGGING STOCKS. INDICES EXTENDED THEIR GAINS FOR THE SECOND CONSECUTIVE SESSION ON MONDAY LED BY SMART RECOVERY IN LATE TRADE. POSITIVE GLOBAL CUES ALSO AIDED THE PULLBACK. BARRING FAST MOVING CONSUMER GOODS COUNTER ALMOST ALL THE OTHER SECTORAL INDICES INCHED HIGHER IN TRADE. REALTY, METAL AND POWER STOCKS WERE THE MAJOR GAINERS DURING THE SESSION.

TECHNICAL TAKE: NIFTY HAS CLOSED ABOVE ITS 10-DMA OF 5,904 IN THE LAST SESSION, WHICH IS A POSITIVE INDICATOR FOR THE INDEX IN THE SHORT-TERM. IF THE NIFTY SUSTAINS ABOVE THE 5,904 IT CAN SURPASS THE RECENT HIGH OF 6,070 WHICH WAS MADE ON DECEMBER 6. THE INDEX MAY WITNESS SOME RESISTANCE AROUND 5,954 (50-DMA) AND 6,000 LEVELS. ON THE OTHER HAND, 5,855 (38.20% RETRACEMENT) AND 5,829 (100-DMA) WILL ACT AS STRONG SUPPORT LEVELS.

TODAY NIFTY MAY OPEN SLIGHTLY POSITIVE, IF NIFTY TRADES ABOVE 5948 THEN LIKLEY TO MOVE UP TO 5984. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5920 THEN LIKELY TO SEE NIFTY TO SLIDE DOWN TO 5880 AND THEN TO 5832 AND 5800 ONE HAS TO KEEP IN MIND THAT WE ARE STILL ON A NEGATIVE TREND SO IDEALLY SHORTS ARE BETTER AT THIS STAGE. THOUGH WE HAVE HEADED 200 POINTS FROM THE LOWS OF LAST TWO TRADING SESSION THIS PULL BACK IS ONLY ON THE RETRACEMENT FRONT AND NOT A STRONG BUYING RALLY WE ARE STILL SAILING IN A NEGATIVE WAVE IDEALLY IF YOU LOOK AT THE CHART PATTERNS WE MAY SEE THAT THERE IS FURTHER DOWNSIDE STILL LEFT BEFORE WE TAKE-OFF FROM THE CURRENT POSITION IN THE NIFTY. SO THOUGH THERE IS LITTLE UPSIDE SEEN IN THE MARKETS, THEY MAY NOT REALLY BEHAVE THE WAY THEY ARE LOOKING AT THE MOMENT. I PERSONALLY FORESEE THE MARKETS TO COME DOWN BELOW 5700 LEVELS AND IF THE FALL IN NIFTY IS VERY SWIFT THEN WE MAY LIKELY TO HEAD DOWN TO TOUCH 5500 LEVELS. ON INTRADAY TERMS ONE CAN TAKE BOTH LONG AND SHORT CALLS BUT HAS TO BE WITH THE TREND AND DON’T CARRY LONGS OVER NIGHT TO THE MAXIMUM POSSIBLE LEVELS. IT IS ADVISED TO STAY CAUTIOUS ON LONGS TILL FURTHER NOTICE.

BUY NITIN FIRE SL 80.40 TGT 83/85/86.65

NOTE: STAY CAUTIOUS MARKET IS NOT VERY GREAT TO ADD POSITIONS

INTRADAY TIPS FOR 13 DECEMBER 2010

GOOD MORNING!!!

SIGH OF RELIEF FOR THE INVESTORS AFTER A WEEKLONG WEAK TREND WHICH FINALLY MANAGED TO CLOSE WITH EXCELLENT GAINS ON THE FINAL TRADING DAY OF THE WEEK AFTER WITNESSING A WHOLE WEEK OF DRUBBING. THOUGH THE START OF THE MARKETS WAS NOT CONFIDENT AS THE GLOBAL CUES WERE SLUGGISH AFTER THE RATING DOWNGRADE OF IRELAND, US MARKETS CLOSED MIXED AND THE ASIAN MARKETS WERE MOSTLY IN RED. BUT SOME RECOVERY WAS EXPECTED AT THE DOMESTIC FRONT AFTER THE CARNAGE IN PREVIOUS SESSION. THE INITIAL START LOOKED CHOPPY AND THE BENCHMARKS SEEMED EDGING LOWER BUT THE RECOVERY IN HEAVY WEIGHTS PUT A HOLD TO THE DECLINE AND THE INDICES STARTED MOVING HIGHER AND WITHIN AN HOUR THE MARKETS WERE OUT OF THE CONTROL OF BEARS. THE MARKETS REMAINED IN POSITIVE TERRAIN TILL MID MORNING SESSION, AFTER THE BETTER THAN EXPECTED IIP NUMBERS (10.8% AGAINST 4.4%) WERE ANNOUNCED THE MARKET SENTIMENT BOOSTED, MARKETS STARTED SURGING HIGHER. ALL THE SECTORS WHICH BLEEDED IN THE LAST WEEK SHOWN A GOOD RECOVERY NOT ONLY THE BEATEN DOWN SECTORS BUT SOME OF THE STOCKS THAT HAVE BEEN IN THE MID OF STORM FOR TRADING MAL-PRACTICES, TOO SHOWED GOOD AMOUNT OF RECOVERY.

TODAY MARKETS MAY OPEN FLAT TO NEGATIVE AND REMAIN RANGE BOUND. IF NIFTY TRADES ABOVE 5896 THEN LIKELY TO MOVE UP TO 5932 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE FURTHER UPSIDE IN NIFTY AND ANY CLOSE IN NIFTY ABOVE THIS POINT WOULD TAKE TO FURTHER NEW HIGHS IN THE DAYS AHEAD AND IF NIFTY CLOSES ABOVE 5932 WE MAY SEE NIFTY TO MOVE TO A POSITIVE TREND. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5850 THEN LIKELY TO DECLINE TO 5834 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY DOWN TO 5818 AND BELOW THIS LEVEL WOULD SEE NIFTY AT 5780 LEVELS AND ANY CLOSE BELOW 5800 LEVELS MAY SEE NIFTY TO BREACH PREVIOUS RECENT LOWS. STRATEGY FOR INTRADAY PLAYER : IF NIFTY TRADES AROUND 5920 TO 5930 ONE IS ADVISED TO SHORT WITH A STOPLOSS OF 5936 LEVELS AND CAN EVEN HOLD POSITIONALLY IF NIFTY DOESN’T CLOSE ABOVE 5936 LEVELS. AS NIFTY IS IN NEGATIVE TREND AVOID HEAVY BUYING AND TREND REVERSES ONLY ABOVE 5935 LEVELS SO STAY CAUTIOUS. MARKET MAY SEE SOME PROFIT BOOKING AT EVERY HIGHER LEVELS.

SELL VIDEOCON SL 211.50 TGT 208/204/198
SELL UNITECH SL 62.90 TGT 61.90/60.95/59.60

NOTE: DO NOT BUY ANYTHING POSITIONALLY TILL THE TIME NIFTY CLOSES 5935.

INTRADAY TIPS FOR 10 DECEMBER 2010

GOOD MORNING!!!

MARKET EXTENDED LAST TWO DAYS' LOSSES IN A BROAD BASED SELL-OFF INDICES TUMBLED MORE THAN 2%, UNDER PERFORMING MOSTLY HIGHER GLOBAL STOCKS, AS DATA SHOWING HEAVY SELLING BY FOREIGN FUNDS ON WEDNESDAY HAS DAMPENED INVESTORS SENTIMENTS. THE MARKET BREADTH WAS EXTREMELY WEAK. INTRADAY VOLATILITY WAS HIGH. THE MARKET SLIPPED INTO THE RED AFTER A FIRM START. THE MARKET RECOVERED SHARPLY TO TURN POSITIVE FOR A BRIEF PERIOD AFTER HITTING A FRESH INTRADAY LOW IN MORNING TRADE. THE MARKET MOVED IN A NARROW RANGE IN THE NEGATIVE TERRAIN IN MID-MORNING TRADE. THE MARKET EXTENDED LOSSES TO HIT FRESH INTRADAY LOW IN EARLY AFTERNOON TRADE. IMMENSE VOLATILITY WAS WITNESSED IN MID-AFTERNOON TRADE AS THE KEY INDICES LOST GROUND, SOON AFTER STAGING AN INTRADAY RECOVERY. INVESTORS DUMPED SMALL-CAP AND MID-CAP SHARES AS MEDIA REPORTS OF POSSIBLE PRICE RIGGING IN SELECT STOCKS, COMING CLOSE ON THE HEELS OF A SEBI ACTION LAST WEEK AGAINST FOUR FIRMS ON ALLEGATIONS OF PRICE MANIPULATION, RATTLED INVESTORS. BANKING, METAL, REALTY, AUTO AND CONSUMER DURABLES STOCKS LED LOSSES.

TODAY MARKETS LOOK WEAK AND NEGATIVE ON WEAK CLOSING AND NEGATIVE OPENING OF ASIAN STOCKS AND IF NIFTY TRADES BELOW 5755 THEN ONE CAN SEE NIFTY TO MOVE DOWN TO 5725 LEVELS AND ANY BREACH BELOW THIS LEVEL WOULD DRAG NIFTY TO 5700 AND ANY CLOSE BELOW 5700 WOULD TAKE NIFTY TO FURTHER NEW LOWS. ON THE POSITIVE SIDE BETTER AVOID POSITIONS FOR THE DAY AS TODAY BEING FRIDAY AND ONE CAN SEE GOOD AMOUNT OF PROFIT BOOKING TO CROP-IN. TODAY IF NIFTY OPENS NEGATIVE BY MORE THAN 40 TO 50 POINTS THEN ONE CAN BUY NIFTY FUTURES AND STOCKS WITH A STOPLOSS OF DAY LOW IN THE FIRST 10 MINUTES OF TRADE BUT IF NIFTY DOES NOT FALL MORE THAN 40 POINTS IN FIRST 10 MINUTES OF TRADE THEN ONE IS ADVISED TO BE ON THE NEGATIVE SIDE. IF NIFTY BREACHES 5725 THEN WE STILL HAVE SCOPE OF FURTHER DECLINE IN NIFTY SO STAY CAUTIOUS, EVEN IF YOU HAPPEN TO BUY NIFTY IN THE FIRST 10 MINUTES OF TRADE MAKE SURE THAT YOUR STOPLOSS IS 5725. METALS AND PHARMA HAS WIDE SCOPE OF DECLINE IN THE PRESENT CONDITIONS SINCE THEY HAVE NOT CORRECTED BUT IF NIFTY FALLS BELOW 5725 THEN WE CAN SEE THESE SECTORS PARTICIPATING IN THE DOWNWARD RALLY.

INTRADAY TIPS FOR 09 DECEMBER 2010

GOOD MORNING!!!

INDICES EXTENDED LOSSES FOR THE STRAIGHT SECOND DAY AFTER THE SELL-OFF BY FII’S THE MARKETS OPENED ON A WEAK NOTE AND EXTENDED LOSSES AFTER A GOOD BUYING ON FRIDAY IN THE LAST HOUR OF TRADE. THE MARKET CAME OFF LOWS IN MID-MORNING TRADE AFTER HITTING A FRESH INTRADAY LOW AFTER A SURVEY SHOWED STRENGTH IN THE DOMESTIC ECONOMY CONTINUED TO UNDERPIN UPBEAT SENTIMENT AMONG INDIAN FIRMS IN THE FOURTH QUARTER ENDING DECEMBER 2010. THE MARKET ONCE AGAIN PARED LOSSES IN LATE TRADE AFTER HITTING A FRESH INTRADAY LOW. THOUGH MARKETS RECOVERED A BIT IN THE MID TRADING SESSION AND WAS VOLATILE THERE WAS ABSOLUTELY NO CHANCE OF RECOVERY SEEN AT ANY STAGE DURING THE DAY. THE BREADTH OF THE MARKETS WAS WEAK. ALL THE SECTORAL INDICES WERE ON RED AND REALITY, CONSUMER DURABLES, BANKING, AUTO AND METALS LEAD THE RALLY OF THE DOWNFALL.

TODAY MARKETS LOOK FLAT AND NEGATIVE THOUGH MARKETS MAY OPEN POSITIVE, INITIALLY TRACKING ASIAN AND SGX NIFTY MAY NOT LIKELY TO CONTINUE THE TREND AS NIFTY WAS UNDER TREMENDOUS PRESSURE ON THE LAST TRADING SESSION WE ARE LIKELY TO HEAD DOWN FURTHER. IF NIFTY TRADES ABOVE 5950 THEN ONE CAN GO LONG AS NIFTY MAY INCLINE TO 5980 AND ANY TRADE AND CLOSE ABOVE 5980 IS AGAIN A GOOD BUY, WHICH MEANS NIFTY HAS TAKEN SUPPORT. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5914 THEN LIKELY TO MAKE ITS DOWN MOVE TO 5874 AND BREAK BELOW THIS POINT WOULD DRAG NIFTY TO 5811 LEVELS AND ANY CLOSE BELOW 5980 ONE CAN RETAIN SHORTS. WE ARE IN A NEGATIVE WAVE SO AVOID BUYING IN QUANTITIES AS WE MAY LIKELY TO BREAK 5725 LEVELS SO STAY CAUTIOUS.

BUY GAIL SL 506 TGT 512/517/524
BUY HEXAWARE SL 104 TGT 107/109/112 (SHORT TERM 130/145)*

NOTE: STAY AWAY FROM AKRUTI, WELSPUN GUJARAT, HANNUNG TOYS, KARTURI GLOBAL, RUCHI SOYA, KS OILS, MURLI INDS AND UFLEX.

INTRADAY TIPS FOR 08 DECEMBER 2010

GOOD MORNING!!!

THE MARKET HELD NEGATIVE ZONE IN MID-MORNING TRADE WITH BANK STOCKS LOSING GROUND FOR THE SECOND DAY IN A ROW AND FURTHER ADDING TO IT, ON THE REPORTS STATING THAT THE INTRODUCTION OF THE NATIONWIDE GOODS AND SERVICES TAX (GST), A MAJOR INDIRECT TAX REFORM PROPOSAL, COULD BE DELAYED FURTHER HAS SPOILED THE SENTIMENT OF THE INVESTORS. VOLATILITY CONTINUED AS INDICES WEAKENED ONCE AGAIN, SOON AFTER RECOUPING ENTIRE INITIAL LOSSES IN EARLY TRADE. THE MARKET CAME OFF LOWS IN EARLY AFTERNOON TRADE, SOON AFTER HITTING A FRESH INTRADAY LOW. THE MARKET LOST GROUND AFTER RECOVERING SHARPLY FROM THE DAY'S LOW TO TURN POSITIVE FOR A BRIEF PERIOD IN MID-AFTERNOON TRADE. THE MARKET CAME OFF LOWS IN LATE TRADE. INTRADAY VOLATILITY WAS HIGH RIGHT FROM THE ONSET OF THE TRADING SESSION. INDICES SWUNG BETWEEN GAINS AND LOSSES IN EARLY TRADE. THE MARKET BREADTH WAS WEAK BUT AT THE LATE TRADE MARKETS RECOVERED VERY SWIFTLY AND ALMOST RECOVERED ALL THE GAINS. WORLD STOCKS ROSE AS RISK APPETITE IMPROVED AFTER US PRESIDENT BARACK OBAMA ANNOUNCED AN EXTENSION OF BUSH-ERA TAX CUTS.

TODAY MARKETS LOOKS RANGE BOUND AND VOLATILE. IF NIFTY TRADES ABOVE 6028 THEN LIKELY TO MAKE AN UPMOVE TO 6060 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6090 LEVELS AND ANY CLOSE ABOVE THIS POINT ONE CAN SEE NIFTY TO MOVE UP TO FURTHER HIGHS POSITIONALLY NIFTY LOOKS MUCH MORE STRONGER IF NIFTY BREAKS 6140 LEVELS AND TRADES, ONE CAN HOLD THEIR POSITIONS ABOVE 6000 LEVELS AND BELOW 6000 ONE IS ADVISED TO EXIT LONGS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5982 THEN LIKELY TO DIP DOWN TO 5950 LEVELS AND ANY BREACH BELOW THIS POINT WOULD TAKE NIFTY TO 5915 AND BELOW THIS LEVEL WOULD TAKE DRAG DOWN TO 5860 LEVELS. LAST DAY IN THE LAST HOUR OF TRADE WE HAVE WITNESSED VERY GOOD AND POSITIVE BUYING IN NIFTY WHICH SHOWS THAT WE MAY TEND TO MOVE UP PROVIDED NIFTY TRADES ABOVE 6028 LEVELS AND CAN GO LONG IF NIFTY TRADES ABOVE 6028 LEVELS WITH A STOPLOSS OF 5980 LEVELS POSITIONALLY.

BUY HCL TECH SL 434 TGT 441/445/448 (SHORT TERM 500)
BUY GAIL SL 499.90 TGT 506/509/512
BUY REDIGNTON SL 416 TGT 427/435/448
BUY FAME INDIA SL 79.90 TGT 82/83.40/84.15

INTRADAY TIPS FOR 07 DECEMBER 2010

GOOD MORNING!!!

INDICES OPENED ON A FIRM NOTE AS INVESTORS HEAVED A SIGH OF RELIEF AFTER MARKETS OPENED POSITIVE AFTER A BAD CLOSING ON THE FRIDAY. SENTIMENT TURNED POSITIVE ON THE ONSET OF THE TRADING SESSION AS TRUCKERS, OVER THE WEEK-END, CALLED OFF A PROPOSED STRIKE. STOCKS EXTENDED GAINS IN MORNING TRADE AND INDICES WERE HOVERING NEAR THE DAY'S HIGH IN MID-MORNING TRADE. THE MARKET TRIMMED GAINS AFTER HITTING FRESH INTRADAY HIGH IN EARLY AFTERNOON TRADE. THE MARKET FURTHER CUT GAINS IN MID-AFTERNOON TRADE. THE MARKET SLIPPED INTO THE RED AT THE FAG END OF THE TRADING SESSION. INDICES REVERSED INITIAL STRONG GAIN AS PROFIT TAKING EMERGED AT HIGHER LEVEL. THE MARKET REVERSED IN EARLY AFTERNOON TRADE ON WEAK EUROPEAN STOCKS AND LOWER US INDEX FUTURES. THE MARKET BREADTH TURNED NEGATIVE WHEN COMPARED WITH A STRONG BREADTH EARLIER IN THE DAY. BANKING STOCKS FELL ACROSS THE BOARD WHILE METAL AND IT STOCKS ROSE.

TODAY MARKETS WOULD BE NEGATIVELY BIASED, IF NIFTY TRADES BELOW 5985 THEN LIKELY TO MAKE ITS DOWNSIDE MOVE TO 5968 AND THEN TO 5945 LEVELS AND ANY BREAK BELOW THIS POINT WOULD TAKE NIFTY TO 5906 LEVELS ONE CAN RETAIN SHORTS OR BUILD SHORT POSITIONS BELOW 5985 LEVELS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 6011 THEN LIKELY TO MAKE ITS UP MOVE TO 6036 LEVELS AND ANY BREAK ABOVE 6036 ONE CAN SEE NIFTY TO INCLINE FURTHER TO 6060 ONE IS ADVISED TO STAY LONG IF NIFTY TRADES ABOVE 6036 LEVELS. AS CAUTIONED !!! ONE HAS TO WAIT TO BUILD LONG POSITIONS FOR A BRIEF PERIOD OF TIME AS THE MARKETS STILL NOT LOOKING VERY GREAT TO INVEST IN THE CURRENT SITUATION THOUGH WE ARE IN A LONG TERM BULLISH PATTERN.

BUY TATA MOTORS SL 1354 TGT 1377/1384/1391

POSITIONAL TRADES
BUY GUJRAT FLUROCHEM TGT 250/350*

INTRADAY TIPS FOR 06 DECEMBER 2010

GOOD MORNING!!!

INDICES HOVERED BETWEEN POSITIVE AND NEGATIVE AT THE ONSET OF THE TRADING SESSION, INDICES EDGED HIGHER TO HIT INTRADAY HIGH IN THE MORNING SESSION AND AFTER IT MARKETS STARTED SHOWING NO STRENGTH IN THE ENTIRE DAY THOUGH MARKETS MOVED UP AND DOWN COULD NOT BREAK THE HIGHS OF THE DAY RECOREDED AT THE EARLY HOUR TRADE. MARKET IN THE AFTERNOON SLIPPED INTO RED AND LATER REGAINED ITS STRENGTH TO RECOVER TO CERTAIN EXTENT TO CLOSE THE INDICES FLAT. STOCKS WERE VOLATILE ALL THE DAY WITH SOME SMALL-CAP AND MID-CAP STOCKS SUFFERING STEEP LOSSES, BROAD-BASED SELLING WAS WITNESSED IN SMALL-CAP AND MID-CAP SHARES AS THE MARKET SENTIMENT TURNED WEAK. BANKING, REALTY AND METAL STOCKS FELL. BUT, IT STOCKS ROSE. THE MARKET BREADTH WAS WEAK THOUGH MARKETS RECOVERED AT THE FAG END OF THE TRADING SESSION.

INDICIES MAY OPEN POSITIVE TRACKING THE POSITIVE OPENING OF ASIAN STOCKS AND FLAT CLOSING OF US AND EUROPE INDICES. IF NIFTY TRADES ABOVE 6046 THEN LIKELY TO MOVE TO 6066 ANDANY BREAK ABOVE 6066 WILL TAKE NIFTY TO 6090 LEVELS AND CLOSE ABOVE 6090 WOULD TAKE NIFTY TO FURTHER NEW HIGHS IN THE NIFTY AND WE WOULD TURN SHORT TERM BEARISH INTO BULLISH TREND AND WE ARE LIKLEY TO MOVE AHEAD OF 6200 LEVELS ONE IS ADVISED TO KEEP A CAUTIOUS LOOK ON BUILDING LONG POSITIONS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 6000 THEN LIKELY TO MAKE A DOWN MOVE TO 5972 AND BREAK BELOW THIS POINT WOULD DRAG NIFTY TO 5945 LEVELS AND ANY BREAK AND CLOSE BELOW 5945 WOULD TAKE NIFTY TO MUCH LOWER LEVELS. ONE HAS TO KEEP IN MIND IF NIFTY CLOSES ABOVE 6046 THEN ONE CAN BUILD SOME LONG POSITIONS AND CLOSE BELOW 5945 ONE CAN BUILD SHORT POSITIONS GOING FORWARD AT THE END OF THE DAY.

BUY RELIANCE CAPITAL SL 704 TGT 719/724/736*
BUY TALWALKAR SL 290 TGT 302/310/315
BUY DR REDDY SL 1833 TGT 1847/1858/1874
BUY SRTRANSFIN FUTURES SL 862 TGT 872/877/886

POSITIONAL TRADES
BUY PLETHICO PHARMACEUTICALS TGT 450*
BUY UNITED BREWERIES HOLDING TGT 350/500

INTRADAY TIPS FOR 03 DECEMBER 2010

GOOD MORNING!!!

THE MARKET JUMPED IN EARLY TRADE ON POSITIVE GLOBAL CUES. THE MARKET PARED GAINS IN MORNING TRADE. A BOUT OF VOLATILITY WAS WITNESSED AS THE INDICES REGAINED STRENGTH IN MID-MORNING TRADE ON FIRM ASIAN STOCKS. INDICES EDGED HIGHER IN VOLATILE TRADE WITH STRONG GLOBAL CUES, STRONG ECONOMIC DATA, LOWER INFLATION AND HIGHER GLOBAL STOCKS, HELPED KEEP SENTIMENTS FIRM. THE MARKET GAINED FOR THE FOURTH STRAIGHT DAY. THE MARKET BREADTH WAS STRONG. REALTY STOCKS EDGED HIGHER FOR THE THIRD DAY IN A ROW ON BARGAIN HUNTING AFTER A RECENT STEEP SLIDE TRIGGERED BY THE OUTBREAK OF A BANK LOANS BRIBERY SCANDAL LAST WEEK. SOFTWARE STOCKS ROSE ON A SLEW OF RECENT BETTER-THAN-EXPECTED US ECONOMIC DATA. CONSUMER DURABLES, BANKING AND IT STOCKS ALSO ROSE.

TODAY MARKETS LOOK FLAT TO CONSOLIDATION AS NIFTY HAS COMPLETED ITS RETRACEMENT ON THE UPSIDE FROM THE LOWER LEVELS AND LIKELY TO FACE THE RESISTANCE AT THIS POINT. NIFTY IS LIKELY TO TRADE IN A NARROW RANGE BAND AND MAY PHASE A TOUGH RESISTANCE AND CLOSE ABOVE 6040 CONVINCINGLY MAY TAKE NIFTY TO HIGHER LEVELS. IF NIFTY TRADES ABOVE 6045 THEN LIKELY TO MOVE UP TO 6062 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6075 AND ANY CLOSE ABOVE 6040 MAY TAKE NIFTY TO 6098 LEVELS IN THE NEXT TRADING SESSIONS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 6025 THEN LIKELY TO DIP DOWN TO 6000 AND THEN 5985 LEVELS AND ANY BREACH BELOW THIS LEVEL WOULD TAKE NIFTY TO 5968 LEVELS AND ANY CLOSE BELOW 5968 LEVELS SHOWS A WEAK TREND IN THE DAYS AHEAD. CAUTION: ONE IS ADVISED NOT TO BUILD TOO MANY LONG POSITIONS EVEN ON THE POSITIVE FRONT AS NIFTY IS NOT LOOKING VERY STRONG EVEN THOUGH MARKETS HAVE MOVED MORE THAN 311 POINTS FROM THE LOWER LEVELS.

BUY ABG SHIPYARD SL 427 TGT 438/444/448
BUY AUROBINDO PHARMA SL 1292 TGT 1316/1332/1350
BUY ISMT LTD SL 68 TGT 70.60/72/74* (SHORT TERM 80)*

POSITIONAL TRADES
BUY KOUTONS TGT 100

INTRADAY TIPS FOR 02 DECEMBER 2010

GOOD MORNING!!!

INDICES POSTED STRONG GAINS ON THE FIRST TRADING SESSION OF THE MONTH ON FIRM GLOBAL CUES. MARKETS SENTIMENT BOOSTED AS EUROPEAN MARKETS WAS TRADING HIGHER WHILE MOST ASIAN MARKETS BOUNCED OFF THEIR EARLIER LOWS. US INDEX FUTURES WERE TRADING HIGHER. THE MARKET BREADTH WAS STRONG. INITIALLY MARKET EDGED HIGHER IN EARLY TRADE. STOCKS SOON EXTENDED GAINS AND HIT FREESH INTRADAY HIGH IN MID-MORNING TRADE ON STRONG MANUFACTURING DATA FOR THE MONTH. THE MARKET PARED GAINS IN EARLY AFTERNOON TRADE. THE MARKET REGAINED STRENGTH IN AFTERNOON TRADE. THE MARKET STRUCK A FRESH INTRADAY HIGH IN MID-AFTERNOON TRADE ON POSITIVE GLOBAL CUES. THE MARKET PARED GAINS LATER. THE MARKET SURGED TO A FRESH INTRADAY HIGH IN LATE TRADE. METAL AND MINING SHARES SAW AN ACROSS THE BOARD SURGE AFTER STRONG INVESTOR RESPONSE TO THE MOIL ISSUE. BANKING STOCKS GAINED ON FRESH BUYING ON EXPECTATIONS OF A STRONG CREDIT OFFTAKE IN A GROWING ECONOMY. AUTO STOCKS, BARRING MARUTI SUZUKI INDIA, EDGED HIGHER ON HIGHER NOVEMBER 2010 SALES. TELECOM PIVOTALS SAW DIVERGENT TREND. SOFTWARE STOCKS SAW MIXED TREND AND UNDERPERFORMED THE INDEX.

TODAY MARKETS WOULD OPEN POSITIVE TRACKING A VERY POSITIVE CLOSING OF EUROPEAN MARKETS AND US INDICES IN THE RECENT PAST. TODAY IF NIFTY TRADES WOULD OPEN ABOVE 6016 THEN LIKELY TO MAKE ITS UP TO 6041 AND THEN MOVE ABOVE THIS POINT WOULD TAKE NIFTY TO 6066 AND ANY CLOSE ABOVE 6066 IS A GOOD CLOSING. ONE HAS TO STILL KEEP IN MIND THAT THIS UPSIDE MAY STILL BE NOT TAKEN INTO ACCOUNT FOR BUYING UNLESS IT BREAKS OUT CONVINCINGLY ONE IS CAUTIONED TO KEEP IN MIND, THOUGH I SAY THIS UPSIDE IS LITTLE RISKY I DON’T SAY THAT YOU HOLD SHORT POSITIONS OR BUILD SHORT POSITIONS AT THIS STAGE BUT I WOULD SUGGEST YOU TO BE WITH THE TREND AND DON’T HOLD TOO MANY LONG POSITIONS ON THE UPSIDE. BUT IF NIFTY CLOSES BELOW 6040 THEN ONE CAN TAKE A CHANCE OF BUYING SOME PUT OPTIONS WITH 6040 AS STOPLOSS ONLY AT THE END OF THE DAY. ON INTRADAY TERMS IF NIFTY TRADES BELOW 5963 THEN ONE CAN GO SHORT FOR A TARGET OF 5931 AND THEN 5900.

BUY PUNJLLOYD SL 107 TGT 112/114/116
BUY DENA BANK SL 134.40 TGT 139/142/144
BUY DISH TV SL 73 TGT 75.25/76.75/78
BUY NAGARJUNA CONSTRUCTIONS SL 137.80 TGT 141/143/145
BUY TATA MOTORS SL 1283 TGT 1300/1315/1329

POSITIONAL TRADES
BUY KARUTURI GLOBAL TGT 40
BUY UFLEX TGT 350

INTRADAY TIPS FOR 01 DECEMBER 2010

GOOD MORNING!!!

BARGAIN HUNTING HELPED THE INDICES REGISTER MODEST GAINS. THE MARKET PARED GAINS SOON AFTER A FIRM OPENING. THE MARKET SOON REGAINED STRENGTH. INDICES CAME OFF HIGHER LEVEL AFTER HITTING A FRESH INTRADAY HIGH IN EARLY TRADE. THE MARKET ONCE AGAIN REGAINED STRENGTH IN MID-MORNING TRADE. THE MARKET HIT A FRESH INTRADAY HIGH IN EARLY AFTERNOON TRADE. THE MARKET EXTENDED GAINS TO HIT FRESH INTRADAY HIGH IN AFTERNOON TRADE. THE MARKET STRUCK A FRESH INTRADAY HIGH IN MID-AFTERNOON TRADE AS EUROPEAN STOCKS ROSE IN EARLY TRADE. MARKET BREADTH IMPROVED TOWARDS THE CLOSE OF TRADE AFTER GYRATING BETWEEN POSITIVE AND NEGATIVE ZONE EARLIER IN THE DAY. AUTO STOCKS WERE IN DEMAND IN ANTICIPATION OF ROBUST NOVEMBER 2010 MONTHLY SALES. IT STOCKS ROSE ON UPBEAT US ECONOMIC DATA. FRONT-LINE BANKING AND FINANCIAL STOCKS GAINED ON BARGAIN HUNTING AFTER A RECENT STEEP SLIDE TRIGGERED BY THE OUTBREAK OF THE LOAN SCAM LAST WEEK.


TODAY MARKETS WOULD BE VOLATILE AND WE FORESEE A CONSOLIDATION ON THE HIGHER LEVELS AND WE ARE LIKELY TO DECLINE ON EVERY INCLINE. TODAY THE MAJOR TRIGGER WOULD BE THE AUTO SALES NUMBERS WHERE WE CAN SEE GOOD AMOUNT OF VOLATALITY IN THE MAJOR AUTO STOCKS ONE CAN SEE THESE STOCKS FOR INTRADAY. TODAY IF NIFTY TRADES 5898 THEN IT IS LIKELY TO MOVE UP TO 5931 AND BREAK ABOVE THIS POINT WOULD TAK IT TO 5963 WHERE IT IS CONSIDERED TO BE THE SECOND RETRACEMENT ON NEGATIVE SIDE AND IF NIFTY CLOSES ABOVE 5963 THEN ONE CAN EXIT FROM ALL THEIR SHORT POSITIONS AND TRY TO HAVE A POSITIVE OUTLOOK ON THE MARKETS BUT DO NOT BUILD HUGE POSITIONS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5870 THEN LIKELY TO COME DOWN TO 5841 AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY TO 5809 LEVELS AND ANY CLOSE BELOW 5809 CAN DRAG NIFTY FURTHER DOWN. THE NEXT MAJOR TRIGGER FOR THE MARKET IS THE ADVANCE TAX PAYMENT OF CORPORATE’S FOR THE THIRD INSTALLMENT, WHICH FALLS DUE ON 15 DECEMBER 2010. THE ADVANCE TAX FIGURES WILL PROVIDE A CUE ON Q3 DECEMBER 2010 CORPORATE EARNINGS. ANOTHER IMPORTANT TRIGGER WOULD BE YEAR-END PROFIT TAKING MAY CAP THE UPSIDE ON THE DOMESTIC BOURSES IN THE NEAR TERM. FUNDS BASED IN US AND EUROPE FOLLOW CALENDAR YEAR AS THEIR ACCOUNTING YEAR. AND THE VERY IMPORTANT CONCERN IS BANK LOANS BRIBERY SCANDAL AND WEAK GLOBAL STOCKS WEIGHING ON INVESTOR SENTIMENT. ONE HAS TO CLOSELY WATCH ALL THESE FACTORS.

BUY RECLTD SL 346.80 TGT 356/361/367
BUY TATA MOTORS SL 1228.90 TGT 1259/1277/1291
BUY SBI SL 2978 TGT 3028/3058/3074

INTRADAY TIPS FOR 30 NOVEMBER 2010

GOOD MORNING!!!

INDICES EDGED HIGHER AT THE ONSET OF THE TRADING SESSION TRACKING RECOVERY IN ASIAN STOCKS AND BARGAIN HUNT. LATER, CONTINUED TO REMAIN ON THE POSITIVE ZONE. ALL THE SECTORAL INDICES WERE IN GREEN. THE MARKET BREADTH REMAINED POSITIVE. MARKETS HAVE COMPLETED THE 1ST RETRACEMENT IN NIFTY AND BOUNCED BACK. WE HAVE NOT WITNESSED GREAT BUYING ACROSS THE COUNTERS IN TERMS OF VOLUMES WHICH IS STILL A NEGATIVE FACTOR. ONE HAS TO BE CAUTIOUS GOING FORWARD.

TODAY MARKETS LIKELY TO REMAIN VOLTILE AND RANGE BOUND IF NIFTY TRADES ABOVE 5865 THEN LIKELY TO MAKE ITS UPWARD JOURNEY TO 5900 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5950 ONE HAS TO BEAR IN MIND THAT EVERY HIGHER LEVEL IN NIFTY FROM HERE ON WE MAY WITNESS SOME SELLING TO CROP-IN. IF NIFTY TRADES BELOW 5820 THEN LIKLEY TO MAKE ITS MOVE DOWN TO 5778 AND ANY BREAK BELOW THIS POINT WE MAY SEE NIFTY TO SLIDE DOWN TO 5725 LEVELS AND ANY CLOSE BELOW THIS POINT WE WILL HEAD TOWARDS MUCH DEEPER LEVELS. ONE HAS TO BE VERY CAUTIOUS GOING FORWARD THIS IS NOT THE IDEAL TIME TO BUY IN AS THERE IS STILL NEGATIVE BREADTH IN THE MARKETS. FERTILIZERS AND SUGARS LOOKS GOOD ON INTRADAY PERSPECTIVE.

BUY BGR ENERGY SL 681 TGT 720/732/746

INTRADAY TIPS FOR 29 NOVEMBER 2010

GOOD MORNING!!!

INTRADAY VOLATILITY WAS HIGH. THE MARKET REVERSED DIRECTION SOON AFTER A FIRM START. STOCKS TUMBLED IN MORNING TRADE. THE MARKET RECOVERED IN CHOPPY TRADE LATER AS THE SENSEX AND THE NIFTY CAME OFF TWO-MONTH LOWS. THE RECOVERY GATHERED STEAM IN EARLY AFTERNOON TRADE. THE KEY BENCHMARK INDICES ONCE AGAIN SLIPPED INTO THE RED AFTER TURNING POSITIVE FOR A BRIEF PERIOD IN AFTERNOON TRADE. THE SENSEX SWUNG BETWEEN GAINS AND LOSSES IN MID-AFTERNOON TRADE. THE MARKET WEAKENED AGAIN IN LATE TRADE. INDICES EXTENDED RECENT STEEP LOSSES AS A BANK LOANS BRIBERY SCANDAL AND WEAK GLOBAL STOCKS WEIGHED ON INVESTOR SENTIMENT. INTRADAY VOLATILITY WAS HIGH. WORLD STOCKS FELL AS WORRIES OVER SOVEREIGN-DEBT CONTAGION IN THE EURO ZONE CONTINUED TO ESCALATE. THE MARKET BREADTH WAS EXTREMELY WEAK WITH STOCKS OF A NUMBER OF SMALL AND MID-CAP SHARES FALLING SHARPLY. REALTY AND CONSTRUCTION SHARES SLUMPED, EXTENDING RECENT STEEP LOSSES. FOREIGN FUNDS SOLD EQUITIES WORTH A NET RS 1208.12 CRORE AND DOMESTIC INSTITUTIONAL INVESTORS BOUGHT SHARES WORTH RS 197.77 CRORE ON THURSDAY, 25 NOVEMBER 2010, AS PER PROVISIONAL DATA FROM THE STOCK EXCHANGES. YEAR-END PROFIT TAKING MAY CONTINUE TO WEIGH ON THE THE DOMESTIC BOURSES IN THE NEAR TERM. FUNDS BASED IN US AND EUROPE FOLLOW CALENDAR YEAR AS THEIR ACCOUNTING YEAR. THE MARKET HAS LOST GROUND SOON AFTER HITTING A RECORD CLOSING HIGH EARLY THIS MONTH. SHARES OF SELECT STOCKS COLLAPSED AFTER REPORTS THE SECURITIES & EXCHANGE BOARD OF INDIA IS EXAMINING THE POSSIBILITY OF INSIDER TRADING IN SHARES OF THESE COMPANIES. CENTRAL BANK OF INDIA (DOWN 10.51%), MONEY MATTERS FINANCIAL SERVICES (DOWN 10%), LIC HOUSING FINANCE (DOWN 11.49%) AND PANTALOON RETAIL (DOWN 2.25%) DECLINED.

TODAY NIFTY WOULD TRADE IN A NARROW RANGE BOUND. IF NIFTY TRADES ABOVE 5790 THEN LIKELY TO MAKE ITS UP MOVE TO 5822 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5852 LEVELS BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO FURTHER HIGHS BUT FOR A BRIEF PERIOD OF TIME AND IT WILL NOT SUSTAIN FOR TOO MANY DAYS IT IS LIKELY TO COME DOWN IN A SHORT TERM BUT ONE CAN TAKE 5725 AS A SUPPORT POINT WHERE NIFTY IS LIKELY TO GIVE A SUPPORT AND IF NIFTY COMES BELOW 5727 WITHOUT MOVING UP TO 5900 KIND OF LEVELS THEN WE CAN EXPECT NIFTY TO COME DOWN TO 5500 AS TOLD IN THE PREVIOUS WRITINGS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5765 THEN LIKELY TO COME DOWN TO 5735 AND BREAK BELOW THIS LEVEL CAN DRAG NIFTY TO 5700 ONCE 5725 IS BREACHED IT CLEARLY INDICATES THAT WE CAN SLIDE FURTHER BUY ANOTHER 200 POINTS IN A VERY SHORT TERM AND BREAK BELOW 5700 WE CAN SEE NIFTY TO COME DOWN TO 5650 LEVELS. ONE CAN GO LONG IN NIFTY AROUND 5735 TO 5750 LEVELS WITH A STOPLOSS OF 5725 LEVELS IF NIFTY SUSTAINS 5725 LEVELS THEN WE CAN SEE NIFTY TO GO UP TO 5950 LEVELS BEFORE TAKING ANOTHER DIP. ONCE IF NIFTY BREACHES 5725 THEN WE WILL HEAD DOWN TOWARS 5500 LEVELS. IF NIFTY DOES NOT BREAK 5725 THEN ONE CAN TAKE THIS AS BUYING OPPORTUNITY WITH 5725 AS STOPLOSS FOR A VERY SHORT TERM.

BUY TCS SL 1043.9 TGT 1057/1063/1075
BUY R SYSTEMS SL 119 TGT 121/122/123
POSITIONAL TRADES
BUY EID PARRY TGT 600/700

INTRADAY TIPS FOR 26 NOVEMBER 2010

GOOD MORNING!!!

YET AGAIN A NEW BRIBERY SCANDAL IN THE LAND OF SCANDALS HAS INVITED THE BEARS TO THE LAND OF FINANCIAL MARKETS TO HAVE A PARTY TIME THIS HAVE HIT THEIR LOWEST LEVELS IN MORE THAN TWO MONTHS SOON AFTER BURSTING OF A SCANDAL BY THE CENTRAL BUREAU OF INVESTIGATION ON 24 NOVEMBER 2010, INVOLVING OFFICIALS OF SOME TOP PSU BANKS AND FINANCE FIRMS HURT SENTIMENT FOR THE SECOND DAY IN A ROW. THERE WAS A VERY WILD INTRADAY SWING IN SHARE PRICES AS TRADERS ROLLED OVER POSITIONS IN THE DERIVATIVES SEGMENT FROM THE NEAR-MONTH NOVEMBER 2010 SERIES TO DECEMBER 2010 SERIES. THE MARKET BREADTH WAS WEAK AFTER ALTERNATELY MOVING BETWEEN POSITIVE AND NEGATIVE TERRITORY EARLIER IN THE DAY. BANKING, FINANCIAL, REALTY, CONSTRUCTION, METAL AND PSU STOCKS DECLINED. IT STOCKS ROSE ON IMPROVED ECONOMIC DATA IN US.

TODAY MARKETS WOULD OPEN NEGATIVE AHEAD OF NEW SERIES OF THE MONTH, IF NIFTY TRADES BELOW 5820 THEN LIKELY TO COME DOWN TO 5790 AND BREAK BELOW THIS LEVEL WE CAN SEE NIFTY TO SLIDE DOWN TO 5750 AND THEN TO 5700 LEVELS AND IF NIFTY CLOSES BELOW 5800 THEN WE WILL HEAD FURTHER DOWN. ON THE POSITIVE SIDE ONLY IF NIFTY TRADES ABOVE 5860 THEN ONE CAN THINK OF GOING LONG ONLY IN INTRADAY AND NIFTY MAY FACE RESISTANCE AROUND 5890 AND THEN AT 5909 IT IS ADVISABLE TO STAY AWAY FROM LONGS EVEN AT THIS STAGE.

NO RECOS FOR THE DAY

INTRADAY TIPS FOR 25 NOVEMBER 2010

GOOD MORNING!!!

INDICES EDGED HIGHER AT THE ONSET OF THE TRADING SESSION TRACKING RECOVERY IN ASIAN STOCKS AS CONCERN OVER KOREAN TENSIONS AND CHINESE POLICY TIGHTENING EASED A LITTLE. THE MARKET SLIPPED INTO THE RED FOR A BRIEF PERIOD LATER. LATER, REPORTS FROM NEWS CHANNEL ABOUT A MULTI-CRORE HOUSING LOAN SCAM LED TO A SELL-OFF IN LATE TRADE. BANKING AND REALTY STOCKS LED THE DECLINE ALONG WITH IT SENTIMENT HAS CRUMBLED AFTER US INDEX FUTURES TURNED NEGATIVE FROM POSITIVE. ALMOST ALL THE SECTORAL INDICES WERE IN RED EXCEPT FOR THE FMCG SECTOR. ACCORDING TO MEDIA REPORTS, THE CENTRAL BUREAU OF INVESTIGATION (CBI) HAS CONDUCTED RAIDS ACROSS THE FOUR MAJOR METROS IN CONNECTION WITH THE FAKE HOME LOAN SCAM AND SENIOR OFFICIALS OF ON LIC HOUSING FINANCE, CENTRAL BANK OF INDIA AND BANK OF INDIA HAVE BEEN QUESTIONED. THE MARKET BREADTH TURNED NEGATIVE, IN CONTRAST WITH A STRONG BREADTH EARLIER IN THE DAY. VOLATILITY WAS HIGH AS TRADERS ROLL OVER POSITIONS IN THE DERIVATIVES SEGMENT FROM THE NEAR-MONTH NOVEMBER 2010 SERIES TO DECEMBER 2010 AHEAD OF THE EXPIRY OF THE NOVEMBER 2010 FUTURES & OPTIONS (F&O) CONTRACTS.

TODAY MARKETS WOULD OPEN NEGATIVE AND WOULD BE VOLATILE BUT MAY PULL BACK ON EXPIRY NOTE SO ONE SHOULD KEEP IN MIND THAT THERE WOULD BE VERY HIGH VOLATILITY IN THE ENTIRE DAY AND NIFTY MAY EVEN TEND TO COME INTO POSITIVE ZONE. IF NIFTY TRADES ABOVE 5880 THEN LIKELY TO MOVE UP TO 5910 LEVELS AND ANY BREAK ABOVE THIS POINT WE CAN SEE NIFTY TO 5932 AND AT EVERY HIGHER LEVEL WE CAN SHORT NIFTY WITHOUT ANY HESITATION ON INTRADAY TERMS. BUT IF NIFTY TRADES BELOW 5840 THEN ONE CAN REMAIN SHORT ON THE POSITIONAL FRONT. AND ON INTRADAY TERMS ONE CAN SHORT NIFTY IT IS AROUND 5900 WITH STOPLOSS OF 5910. NIFTY MAY NOT CLOSE MUCH ABOVE TO 5900 LEVELS. MARKETS ARE VERY NEGATIVE AND WE MAY STILL BLEED MUCH MORE. IF THIS NEWS HOUSING SCANDAL REMAINS IN THE NEWS FOR ANOTHER TWO TO THREE DAYS WE MAY SEE BEARS PARTYING IN THE MARKETS.

SELL LIC HOUSING SL 1091 TGT 1051/984/918 (MAY CONTINUE TO BLEED)


BUY CROMPTON GREAVES SL 338 TGT 343/347/349
BUY TVS MOTORS SL 83 TGT 86/88/90
BUY ABG SHIPPYARD SL 444 TGT 456/463/469
BUY APOLLO TYRES SL 64.40 TGT 66/67/68

ONE CAN BUY CALLS WHEN NIFTY TRADES LOWER AND BUY PUTS WHEN NIFTY TRADES HIGHER

NOTE: TRADE WITH STRICT STOPLOSS

INTRADAY TIPS FOR 24 NOVEMBER 2010

GOOD MORNING!!!

INDICES TUMBLED AT THE ONSET OF THE TRADING SESSION AS ASIAN STOCKS FELL ON LINGERING WORRIES ABOUT EUROPE'S DEBT CRISIS. WEAKNESS PERSISTED IN MORNING TRADE, BUT THE INDICES PARED LOSS ON BARGAIN HUNTING. A BOUT OF VOLATILITY WAS WITNESSED IN MID-MORNING TRADE. THE MARKET SLUMPED IN EARLY AFTERNOON TRADE ON THE REPORTS NORTH AND SOUTH KOREA FIRED ARTILLERY SHELLS AT AN ISLAND NEAR THE TWO NATIONS WESTERN BORDER. THE MARKETS COMPLETELY LOST ITS GROUND AS NORTH KOREA REPORTEDLY FIRED ARTILLERY SHELLS ACROSS ITS WESTERN MARITIME BORDER, PROMPTING RETURN FIRE FROM SOUTH KOREA. AT LEAST FOUR SOLDIERS ARE SAID TO HAVE BEEN HURT. MEANWHILE, SOUTH KOREA HAS ISSUED ITS HIGHEST NON-WARTIME ALERT IN RESPONSE. REPORTS INDICATED THAT TODAY'S INCIDENT IS ONE OF THE MOST SERIOUS INCIDENTS BETWEEN THE TWO SINCE THE KOREAN WAR IN THE 1950S. THE INCIDENT COMES DAYS AFTER NORTH KOREA REVEALED IT HAD A MODERN URANIUM ENRICHMENT PLANT, POTENTIALLY GIVING IT A SECOND ROUTE TO A NUCLEAR WEAPON. MARKET STARTED RECOVERING AFTER HITTING TWO MONTH LOW IN THE INDICES.

TODAY MARKETS WOULD OPEN FLAT TO NEGATIVE AND REMAIN UNDER PRESSURE AND WE MAY SEE LOT OF VOLATALITY AS THE TRADE PROCEEDS AS WE ARE NEARING EXPIRY. IF NIFTY TRADES BELOW 5910 THEN LIKELY TO TRADE DOWN TO 5868 LEVELS AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY DOWN TO 5826 AND ANY CLOSE BELOW 5826 WE CAN SEE NIFTY TO COME DOWN BY MORE THAN 5700 AND THEN TO 5540 ANY CLOSE BELOW 5840 WE HAVE SUPPORT ONLY AT 5540 LEVELS SO ONE HAS TO STAY CAUTIOUS IF MARKET BREACHES 5840 LEVELS. ON THE POSITIVE SIDE IF WE HAPPENED TO MOVE UP ONE IS ADVISED TO STAY AWAY UNTIL THE EXPIRY IS OVER. WE HAVE SEEN NIFTY CLOCKING THE HIGHEST VOLUMES IN THE LAST NINE MONTHS OF TRADE THOUGH IT WAS A GREAT AFTERNOON OF RECOVERY WITH BUYING INTEREST SHOWN WITH VOLUMES ONE HAS TO STAY CATIOUS ON BUYING SIDE SINCE THE MARKETS HAVE SHOWN A NEGATIVE TREND ON THE MEDIUM TERM BASIS IT IS WISE TO AVOID BUYING AT THIS STAGE. MAY BE WE HAVE TO SEE THAT WHETHER IT IS A BUYING ON THE BARGAIN HUNT OR JUST RECOVERY ON THE EXPIRY FRONT. I WOULD SUGGEST ONE SHOULD STAY AWAY FROM MARKETS TILL NIFTY CLOSES ABOVE 6014 LEVELS ON A SHORT TERM NOTE. ONE CAN GO SHORT AT HIGHER LEVELS IN THE MARKET KEEPING 6014 AS STOPLOSS. SHIPPING AND FERTILIZER STOCKS LOOKS GOOD FOR INTRADAY.

ONE CAN ONLY RISK BUYING CALLS FOR THE CURRENT MONTH WHOSE EXPIRY IS TOMORROW AS THE PREMIUM YOU PAY WOULD BE VERY LESS AND THAT TOO STOCK SPECIFIC CALLS AND NOT INDEX WHEN MARKETS SLIDES DOWN (IFCI AND TATASTEEL CAN BE LOOKED AT WHEN MARKETS FALL)

POSITIVE STOCKS BAJAJ AUTO, DISH TV, SANGAM (I)

INTRADAY TIPS FOR 23 NOVEMBER 2010

GOOD MORNING!!!

THE MARKETS OPENED ON A FIRM NOTE TRACKING ASIAN STOCKS WHICH ROSE AFTER IRELAND ON SUNDAY, 21 NOVEMBER 2010, FORMALLY APPLIED FOR AID FROM THE EUROPEAN UNION AND THE INTERNATIONAL MONETARY FUND. A BOUT OF VOLATILITY WAS WITNESSED AS THE KEY BENCHMARK INDICES LATER PARED GAINS. MARKETS TOOK OFF AGAIN IN THE MID-MORNING TRADE THERE WAS GREAT AMOUNT OF FIRMNESS SEEN IN AFTERNOON TRADE. THE MARKET STRUCK A FRESH INTRADAY HIGH IN AFTERNOON TRADE. BUYING INTENSIFIED IN THE MID-AFTERNOON TRADE. INDICES BOUNCED BACK FROM TWO-MONTH LOWS AS INVESTORS EMBRACED RISK, BUOYED BY NEWS THAT THE EUROPEAN UNION AND THE INTERNATIONAL MONETARY FUND ARE PREPARED TO PROVIDE AID FOR DEBT-LADEN IRELAND FOLLOWING THE COUNTRY'S FORMAL REQUEST FOR ASSISTANCE. THE STRONG BUYING MOMENTUM HELPED NIFTY SURPASS THE PSYCHOLOGICAL BARRIER OF 6,000 MARK. ALMOST ALL THE SECTORAL INDICES ON THE WERE IN POSITIVE ZONE. BANKING, CONSUMER DURABLES AND IT STOCKS LED THE RALLY. CAPITAL GOODS AND HEALTHCARE STOCKS LAGGED THE RALLY. MARKET BREADTH INDICATING THE HEALTH OF THE MARKET, WAS STRONG.

TODAY IF NIFTY TRADES ABOVE 6020 THEN LIKELY TO MAKE ITS UPWARD JOURNEY TO 6045 AND THEN TO 6070 LEVELS AND ANY BREAK ABOVE 6070 IT WILL IMMEDIATELY TAKE NIFTY TO 6090 AND ANY BREAK ABOVE THIS POINT WE CAN SEE NIFTY TO MUCH HIGHER LEVELS, ANY CLOSE ABOVE 6035 IS CONSIDERED TO BE BULLISH AND ONE IS ADVISED TO EXIT ALL SHORTS AND CONVERT YOURSELF INTO LONGS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 6000 THEN LIKELY TO MAKE ITS DOWNWARD JOURNEY TO 5974 AND BREAK BELOW THIS LEVEL WILL DRAG NIFTY TO 5945 LEVELS AND ANY TRADE BELOW 5945 WILL TAKE NIFTY TO 5900 LEVELS ONE IS ADVISED TO STAY CAUTIOUS AS THERE WOULD BE HIGH VOLATALITY AS WE ARE NEARING EXPIRY. ONE IS ADVISED TO SHORT IF NIFTY TRADES BELOW 6035 LEVELS WITH A STOPLOSS OF 6035 AND CONVERT TO LONG IF IT IS ABOVE 6035 LEVELS. IN THE NEAR-TERM, YEAR-END PROFIT TAKING MAY CAP THE UPSIDE ON THE DOMESTIC BOURSES. A NUMBER OF STOCKS HAVE CLOCKED DECENT TO STRONG GAINS THIS YEAR. FUNDS BASED IN US AND EUROPE FOLLOW CALENDAR YEAR AS THEIR ACCOUNTING YEAR. STAY VERY CAUTIOUS.

ONE IS STILL ADVISED TO STAY AWAY FROM LONGS DON’T BUILD IN TOO MANY POSITIONS IN THE MARKETS AS THERE IS NO MUCH STRENGTH SEEN EVEN AFTER STOCKS RALLIED QUITE HIGH LAST DAY, THERE IS EVERY POSSIBILITY THAT MARKETS MAY COME DOWN ALL OF A SUDDEN SO DON’T TAKE TOO MANY POSITIONS BUT BE WITH THE TREND.

INTRADAY TIPS FOR 22 NOVEMBER 2010

GOOD MORNING!!!

MARKETS OPENED FIRM COULDN’T HOLD THE STRENGTH AS CHINESE STOCKS FELL ON RATE HIKE WORRIES. IT HIT INTRADAY LOWS AND THEN TRIMMED LOSSES TO CERTAIN EXTENT, MARKETS LOST GROUND AFTER RECOUPING ALMOST ALL THE EARLIER LOSSES OF THE DAY AND EXTENDED LOSSES IN THE LATE TRADE AND RECORDED FRESH INTRADAY LOWS AT THE FAG END OF THE TRADING SESSION. INTRADAY VOLATILITY WAS HIGH AS TRADERS ROLLED OVER POSITIONS IN THE DERIVATIVES SEGMENT FROM THE NEAR-MONTH NOVEMBER 2010 SERIES TO DECEMBER 2010 AHEAD OF THE EXPIRY OF THE NOVEMBER 2010 CONTRACTS ON THURSDAY, 25 NOVEMBER 2010. THE MARKET BREADTH WAS WEAK, BANKING, CONSUMER DURABLES, IT, METAL AND REALTY STOCK FELL. THERE ARE LOT OF PESSIMISTIC VIEW BY INVESTORS ON THE MARKETS AND NOT WILLING TO HOLD LOT OF POSITIONS IN THE STOCKS ON WEAK EUROPE SENTIMENT. THE MARKET BREADTH, INDICATING THE HEALTH OF THE MARKET, WAS WEAK, IN CONTRAST WITH A POSITIVE BREADTH IN EARLY TRADE.

TODAY MARKETS LOOK BROADLY RANGE BOUND, WE MAY WITNESS LOT OF VOLATILITY AHEAD OF EXPIRY THIS WEEK ONE NEEDS TO STAY CAUTIOUS AS MARKETS MAY BE VIOLENTLY VOLATILE. IF NIFTY TRADES BELOW 5860 THEN LIKELY TO MAKE ITS DOWNWARD JOURNEY TO 5840 LEVELS AND BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5800 AND THEN TO 5750, NIFTY HAS A BREACHED MAJOR SUPPORTS ON THE LAST TRADING DAY WHICH IS NEGATIVE FOR THE MARKETS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5925 ONLY THEN ONE CAN GO SHORT ON INTRADAY TERMS 5960 AND THEN TO 5980 ANY CLOSE ABOVE 5980 IS CONSIDERED TO BE NIFTY HAS TAKEN SUPPORT IN THE MARKET AND WE CAN HEAD TOWARDS LITTLE HIGHER ZONES BUT ONE IS ADVISED TO STAY AWAY FROM LONGS AS MARKETS ARE STILL UNDER PRESSURE.

NO RECOS FOR THE DAY

INTRADAY TIPS FOR 19 NOVEMBER 2010

GOOD MORNING!!!

THE MARKET PARED GAINS AFTER A FIRM START, IT SLIPPED INTO THE RED IN MORNING TRADE. THE MARKET CUT LOSSES AFTER FALLING SHARPLY TO HIT FRESH INTRADAY LOW IN MID-MORNING TRADE. THE MARKET REGAINED POSITIVE ZONE IN EARLY AFTERNOON TRADE. THE MARKET PARED GAINS IN AFTERNOON TRADE. THE MARKET REGAINED POSITIVE ZONE AFTER SLIPPING INTO THE RED FOR A BRIEF PERIOD IN MID-AFTERNOON AS EUROPEAN STOCKS ROSE IN EARLY TRADE. THE MARKET SLIPPED INTO THE RED FOR A BRIEF PERIOD IN LATE TRADE. IT WAS A HIGHLY VOLATILE TRADE ON FIRM GLOBAL STOCKS. STOCKS ROSE ACROSS THE GLOBE ON EXPECTATIONS THAT IRELAND WILL SOON ACCEPT A BAILOUT PACKAGE FROM THE EUROPEAN UNION AND INTERNATIONAL MONETARY FUND. THE MARKET BREADTH WAS WEAK, IN CONTRAST WITH A STRONG BREADTH IN EARLY TRADE. MID AND SMALL-CAP STOCKS WITNESSED SELLING PRESSURE. METAL AND AUTO STOCKS ROSE WHILE BANKING STOCKS FELL. INTRADAY VOLATILITY WAS HIGH AS TRADERS ROLLED OVER POSITIONS IN DERIVATIVES SEGMENT FROM THE NEAR MONTH NOVEMBER 2010 SERIES TO DECEMBER 2010 SERIES AHEAD OF THE EXPIRY OF THE NOVEMBER 2010 CONTRACTS NEXT THURSDAY, 25 NOVEMBER 2010.

TODAY NIFTY WOULD BE RANGE BOUND AND HIGHLY VOLATILE, THOUGH GLOBAL CUES ARE POSITIVE WE MAY NOT REALLY FOLLLOW THE TREND OF THE GLOBAL MARKETS ON THE TELECOM ISSUE GOING, WE WOULD OPEN NEGATIVE ON THE OPENING NOTE WITH ALL THE TELECOM STOCKS GETTING INTO PRESSURE. IF NIFTY TRADES BELOW 5996 THEN ONE CAN SEE NIFTY TO COME DOWN TO 5966 AND THEN TO 5940 LEVELS AND ANY BREACH BELOW 5940 WOULD DRAG NIFTY TO MUCH LOWER LEVELS. ON THE POSITIVE SIDE IF NFITY TRADES ABOVE 6068 THEN LIKELY TO MAKE AN UPMOVE TO 6100 AND ANY BREAK ABOVE THIS LEVEL WOULD TAKE NIFTY TO 6126 AND ANY CLOSE ABOVE 6115 ONE SHOULD EXIT ALL THE SHORTS AND GO LONG. WE SHOULD BE POSITIONALLY SHORT AS OF NOW. TODAY THERE FEW TELECOM STOCKS WOULD BE UNDER TREMENDOUS PRESSURE, STOCKS LIKE RCOM, VIDEOCON, UNITECH AND FEW OTHER WOULD BLEED IN THE INITIAL TRADE AND CONTINUE TO BLEED TILL THE SAGA OF RAJA ENDS. ONE CAN SHORT THE ABOVE MENTIONED STOCKS AND HOLD IT.

BUY BATA(I) SL 385 TGT 395/400/405
BUY CIPLA SL 353 TGT 360/365/368
SELL SKS MICRO FINANCE SL 656 TGT 618/600/585
SELL RCOM SL 156 TGT 149/145/138 (SHORT TERM 120)
SELL VIDEOCON SL 240 TGT 233/227/224

INTRADAY TIPS FOR 18 NOVEMBER 2010

GOOD MORNING!!!

INDICES LOWERED IN EARLY TRADE TRACKING THE ASIAN INDICES, MARKET THEN MOVED IN A NARROW RANGE WITH A NEGATIVE BIAS, INDICES WEAKENED ONCE AGAIN AFTER RECOUPING MOST OF THE INITIAL LOSSES IN MID-MORNING TRADE AS WEAK ASIAN STOCKS DAMPENED INVESTOR SENTIMENT. THE MARKET SLUMPED IN EARLY AFTERNOON TRADE AS CHINESE STOCKS TUMBLED. THERE WAS LITTLE RECOVERY SEEN FROM THE LOWEST LEVELS OF THE DAY ON BARGAIN HUNT WHICH MADE INDICES TO CLOSE LITTLE ABOVE THE LOWEST POINT OF THE DAY.
MAJOR CAUSES OF DECLINE ARE
(A) A POSSIBLE RATE HIKE IN CHINA
(B) CONCERNS OVER THE EUROPEAN SOVEREIGN DEBT CRISIS
(C) WORRIES THAT US FUNDS WILL CLOSE POSITIONS IN EMERGING MARKETS STOCKS AHEAD OF THE YEAR-END TO CASH IN ON RECENT GAINS THESE ARE THE ABOVE THREE ROOT CAUSES OF MAJOR DECLINE IN THE MARKETS. REALTY, BANKING, METAL, CONSUMER DURABLES AND CAPITAL GOODS STOCKS LED THE DECLINE. ALL THE SECTORAL INDICES WERE IN THE NEGATIVE ZONE AND THE MARKET BREADTH WAS WEAK.

TODAY MARKETS WOULD OPEN FLAT AND RANGE BOUND, METALS MAY STILL BE UNDER PRESSURE OVER THE CONCERNS IN CHINA. IF NIFTY TRADES BELOW 5975 THEN LIKELY TO DIP DOWN TO 5944 LEVELS AND BREACH BELOW THIS LEVEL WE CAN SEE NIFTY TO COME DOWN TO 5860 LEVELS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 6008 CAN MOVE UP TO 6040 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6079 LEVELS AND ONE IS ADVISED NOT TO GO LONG ON POSITIONAL FRONT AS NIFTY IS STILL WEAK AND ONE NEEDS TO STAY AWAY FROM IT ONE IS ADVISED TO SHORT AT HIGHER LEVELS IN NIFTY POSITIONALLY. IF YOU ARE ON THE LONG BASED ON THE ABOVE MENTIONED LEVELS ONE IS ADVISED TO STAY CAUTIOUS AND ONLY TRADE ON INTRADAY TERMS AND DO NOT CARRY FORWARD THE LONGS AT ANY COST.

BUY WINDSOR MACHINES SL 99.90 TGT 105/108/110
BUY EMKAY SL 113 TGT 119/121/123

INTRADAY TIPS FOR 16 NOVEMBER 2010

GOOD MORNING!!!

THE MARKET EDGED LOWER AFTER A FIRM START AS MOST ASIAN STOCKS FELL. INTRADAY VOLATILITY WAS HIGH, INDICES ONCE AGAIN SLIPPED INTO THE RED AFTER REVERSING INITIAL LOSSES TO HIT FRESH INTRADAY HIGHS IN MORNING TRADE. THE MARKET SLIPPED INTO THE RED AFTER RECOVERING SHARPLY FROM THE DAY'S LOW TO TURN POSITIVE FOR A BRIEF PERIOD IN MID-MORNING TRADE. THE MARKET REGAINED POSITIVE ZONE IN EARLY AFTERNOON TRADE. THE MARKET HIT A FRESH INTRADAY HIGH IN AFTERNOON TRADE. THE MARKET ONCE AGAIN SLIPPED INTO THE RED IN AFTERNOON TRADE AS EUROPEAN STOCKS FELL IN EARLY TRADE AND AS US INDEX FUTURES REVERSED INITIAL GAINS. THE MARKET SURGED TO FRESH INTRADAY HIGH IN LATE TRADE AS EUROPEANS STOCKS CAME OFF LOWS AND AS US INDEX FUTURES EDGED HIGHER. IMPROVED TRADE DATA AND EASING OF INFLATION IN OCTOBER 2010 ALSO HELPED TRIGGERED BARGAIN HUNTING AFTER FRIDAY'S (12 NOVEMBER 2010) 2.1% DROP IN THE SENSEX. INTRADAY VOLATILITY WAS HIGH. THE MARKET BREADTH WAS NEGATIVE, IN CONTRAST WITH A POSITIVE BREADTH EARLIER IN THE DAY. BANKING AND IT STOCKS ROSE. BANKING STOCKS JUMPED ON THE FOLLOWING GROUNDS (A) INFLATION FOR OCT MORE OR LESS IN LINE WITH THE MARKET EXPECTATIONS. (B) STATE BANK WAS UP ON REPORTS ABOUT ACQUISITION OF A BANK IN INDONESIA, AND EXPANDING ITS OPERATIONS IN SOUTH ASIA.

TODAY MARKETS MAY OPEN POSITIVE ON POSITIVE CLOSING OF INDIAN INDICES LAST DAY AND MAY FACE RESISTANCE AROUND 6169 LEVELS AND IF NIFTY BREAK ABOVE 6180 THEN LIKELY TO MOVE ABOVE 6191 AND BREAK ABOVE THIS POINT WOULD DRIVE NIFTY TO 6225 AND ANY CLOSE ABOVE 6237 WOULD TAKE NIFTY TO 6300 IN A DAY OR TWO. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 6111 THEN LIKELY TO COME DOWN TO 6071 AND BREAK BELOW THIS POINT WOULD SLIDE NIFTY 6038 LEVELS. ONE CAN SHORT NIFTY AT EVERY HIGHER LEVEL KEEPING 6237 AS STOPLOSS POSITIONALLY. STAY CAUTIOUS AT EVERY HIGHER LEVEL AS THERE IS EVERY POSSIBILITY THAT MARKETS MAY REACT VIOLENT IN THE PRESENT CONDITION. MARKETS ARE NOT VERY STRONG SO ADVISED TO STAY AWAY FROM LONGS UNTIL NIFTY BREACHES 6237.

BUY NAVNEET SL 65.40 TGT 68/69/70
BUY WOCKHARDT SL 405 TGT 425/443/453
SELL EDUCOMP SL 520 TGT 500/495/483 (STOCK IS WEAK POSITIONALLY)

INTRADAY TIPS FOR 15 NOVEMBER 2010

GOOD MORNING!!!

THE MARKET EDGED LOWER IN EARLY TRADE TRACKING WEAK GLOBAL MARKETS. IT SLIPPED INTO THE RED ONCE AGAIN AFTER A SHARP BOUNCE BACK FROM DAY’S LOW FOR A VERY SHORT SPAN OF TIME IN THE MORNING SESSION. MARKETS WEAKENED IN THE MID-MORNING IT EXTENDED LOSSES TO HIT FRESH INTRADAY LOWS IN EARLY AFTERNOON TRADE. FRESH SELLING DRAGGED THE MARKET TO DAY'S LOW IN AFTERNOON TRADE THIS FRESH SELLING WAS BROADLY BASED ON SELL OFF IN CHINESE STOCKS AS INVESTORS FRETTED BEIJING WILL TAKE NEW STEPS TO COOL THE WORLD'S NO. 2 ECONOMY AND GLOBAL LEADERS MEETING IN SOUTH KOREA PAPERED OVER CURRENCY TENSIONS. IN DOMESTIC NEWS, INDUSTRIAL OUTPUT RISING LOWER THAN FORECAST IN THE MONTH OF SEPTEMBER ALSO DAMPENED SENTIMENT. INDUSTRIAL OUTPUT IN SEPTEMBER 2010 ROSE AT A MUCH SLOWER-THAN-EXPECTED 4.4% FROM 8.2% A YEAR AGO, GOVERNMENT DATA RELEASED TODAY SHOWED. THE SEPTEMBER IIP DATA IS THE LOWEST IN 15 MONTHS. MEANWHILE, THE INDEX OF INDUSTRIAL PRODUCTION FOR AUGUST WAS REVISED UPWARDS FROM 5.6% TO 6.9%. MANUFACTURING GROWTH, WHICH CONSTITUTES 80% OF THE INDUSTRIAL OUTPUT, SLUMPED TO 4.5% IN SEPTEMBER 2010 FROM 8.3% IN SEPTEMBER 2009. THE MINING SECTOR GREW AT 5.2% AGAINST 7.4%, ELECTRICITY ROSE AT 1.7% AGAINST 7.5% WHILE CONSUMER DURABLES INCREASED 10.9% AGAINST 21.9%, IN SEPTEMBER 2010 OVER SEPTEMBER 2009.

TODAY MARKETS LOOK WEAK ON A VERY NEGATIVE CLOSING ON FRIDAY, WEAK GLOBAL CUES ALONG WITH WEAK OPENING IN ASIAN INDICES. TODAY IF NIFTY TRADES BELOW 6080 THEN LIKELY TO PLUNGE DOWN TO 6040 AND THEN TO 6000 LEVELS WHERE NIFTY MIGHT HAVE A GOOD SUPPORT AND ANY BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5960. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 6130 ONE CAN THINK OF GOING LONG UNTIL THEN WISE TO STAY AWAY FROM LONGS, IF NIFTY BREAK ABOVE 6130 THEN LIKELY TO MOVE UP TO 6177 AND THEN TO 6200. ONE IS ADVISED TO STAY CAUTIOUS AT THIS STAGE ON THE POSITIVE SIDE. ONE CAN TAKE FRESH SHORT POSITION IF MARKETS GO UP WITH A STOPLOSS OF 6130 AND WHENEVER IT TRADES BELOW ONE CAN SHORT IT WITH 6130 AS STOPLOSS. MARKETS MAY SUCCUMB TO PRESSURE WHENEVER IT MOVES UP AND IF MARKETS SUSTAIN ABOVE 6130 THEN IT IS WISE TO STAY AWAY FROM THE MARKETS ON SHORT SIDE AS LIKELY TO INCLINE BY MORE THAN 200 POINTS THEN.

BUY TTK PRESTIGE SL 1606 TGT 1660/1700/1750 (SHORT TERM 1945/2600)
BUY ECLERX SL 654 TGT 677/690/700 (SHORT TERM 750/900)
BUY SUN PHARMA ADV RESEARCH ABOVE 102 SL 101 TGT 104/106/109

INTRADAY TIPS FOR 12 NOVEMBER 2010

GOOD MORNING!!!

THE MARKET PARED GAINS AFTER A FIRM START. IT REVERSED GAINS TO HIT FRESH INTRADAY LOWS IN MORNING TRADE. IT CUT LOSSES IN MID-MORNING TRADE. IT SLUMPED TO HIT FRESH INTRADAY LOWS IN EARLY AFTERNOON TRADE. IT REMAINED WEAK IN AFTERNOON TRADE. IT EXTENDED LOSSES TO HIT FRESH INTRADAY LOWS IN MID-AFTERNOON TRADE. IT FURTHER CONTINUED ITS DOWNWARD TREND TO HIT FRESH INTRADAY LOWS IN LATE TRADE. IT WAS MAINLY A CAUTIOUS MOVE BY INVESTORS AND INSTITUTIONS AHEAD OF THE OUTCOME OF MEETINGS OF G-20 WORLD LEADERS IN SOUTH KOREA. TELECOM, BANKING, IT, FMCG, REALTY AND CAPITAL GOODS STOCKS FELL. THE MARKET BREADTH TURNED WEAK FROM STRONG BREADTH SEEN EARLIER IN THE DAY. ALL THE SECTORAL INDICES ON EXCHANGE FELL.

TODAY MARKETS WOULD OPEN NEGATIVE TRACKING WEAK CLOSING OF NIFTY ON THE LAST DAY ALONG WITH NEGATIVE CLOSING OF US AND EUROPE MARKETS. TODAY IF NIFTY TRADES BELOW 6210 THEN IT WILL SLIDE DOWN TO 6176 AND BREAK BELOW THIS LEVELS CAN SEE NIFTY AT 6138 AND THEN TO 6100. ON THE UPSIDE IF NIFTY TRADES ABOVE 6240 THEN LIKELY TO MOVE UP 6260 AND BREAK ABOVE WOULD TAKE IT TO 6300. ONE IS ADVISED TO STAY CAUTIOUS ON UPSIDE, ONE IS ADVISED TO GO LONG ONLY IF NIFTY CLOSES ABOVE 6300 UNTIL THAN ONE CAN STAY SHORT. WE MAY SEE STOCK SPECIFIC MOVES.

BUY SYNDICATE BANK SL 151.7 TGT 154/155/157
BUY HIMATSINGKA SL 61.65 TGT 64.50/66.35/67.50
BUY LUPIN ABOVE 483 SL 479 TGT 488/492/500
BUY HIMACHAL FUTURIS SL 13.80 TGT 14.75/15.40/15.75**
BUY INDUSIND BANK ABOVE 296 SL 293.90 TGT 302/307/311
BUY TATA POWER SL 1404 TGT 1422/1433/1453
SELL CESC SL 393 TGT 388/386/384
NOTE: BUY THE ABOVE STOCKS ONLY IF THEY OPEN POSITIVE ELSE DON’T BUY

INTRADAY TIPS FOR 11 NOVEMBER 2010

GOOD MORNING!!!

MARKETS EDGED LOWER IN EARLY TRADE TRACKING MIXED ASIAN MARKETS . IT RECOVERED FROM THE DAY'S LOW IN MORNING TRADE. IT HIT FRESH INTRADAY HIGHS AFTER MOVING BETWEEN THE POSITIVE AND NEGATIVE TERRAIN IN MID-MORNING TRADE. IT SURGED TO HIT FRESH INTRADAY HIGHS AFTER SLIPPING INTO THE RED FOR BRIEF PERIOD IN EARLY AFTERNOON TRADE. IT ONCE AGAIN SLIPPED INTO THE RED AFTER HITTING FRESH INTRADAY HIGHS IN AFTERNOON TRADE. IT CUT SOME LOSSES IN MID-AFTERNOON TRADE. IT WEAKENED TO HIT FRESH INTRADAY LOWS AT THE FAG END OF THE TRADE. INDICES EDGED LOWER IN A CHOPPY TRADING SESSION WITH INDICES CLOSING NEAR THE DAY'S LOWS AS WEAK EUROPEAN STOCKS WEIGHED ON INVESTOR SENTIMENT. THE INDICES MOVED IN A NARROW BAND NEAR THE FLAT LINE. CAPITAL GOODS, FMCG AND METAL STOCKS FELL. BUT, CONSUMER DURABLES AND IT STOCKS ROSE. THE MARKET BREADTH WAS STRONG AS BUYING WAS WITNESSED IN MID CAP AND SMALL CAP STOCKS.

TODAY NIFTY WOULD BE RANGE BOUND AND NEGATIVELY BIASED. IF NIFTY TRADES BELOW 6296 THEN NIFTY LIKELY TO COME DOWN TO 6266 LEVELS AND BREAK BELOW THIS POINT WOULD LIKELY TO TUMBLE DOWN TO 6206 LEVELS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 6326 THEN LIKELY TO MOVE UPTO 6348 LEVELS AND ANY BREAK ABOVE THIS LEVEL WOULD DRIFT HIGHER TO 6390 LEVELS ONE SHOULD AVOID BUYING NIFTY UNLESS IT BREACHES 6350 LEVELS TO BE SAFER. EVERY HIGHER LEVELS IS A GOOD BET FOR SHORTING ON INTRADAY TERMS KEEPING 6350 AS STOPLOSS. STAY CAUTIOUS IN THE MARKET.

BUY VIP INDS SL 698 TGT 729/750/781
BUY GE SHIPPING SL 387 TGT 398/404/409
BUY VALECHA ENGINEER SL 206.50 TGT 216/222/229
BUY ICSA SL 150 TGT 154.60/157/160
BUY TITAN SL 4118 TGT 4226/4348/4410

POSITIONAL TRADES
BUY KPIT CUMMINS 150/200
BUY BF UTILITIES TGT 1150/1340
BUY MLL TGT 100*
BUY APOLLO TYRES TGT 100
BUY SICAL LOGISTICS TGT 110
BUY GEODESIC TGT 180
BUY LAKSHMI ENERGY & FOODS TGT 100%
BUY JB CHEMICAL & PHARMA TGT 200/230*
BUY TATA MOTORS TGT 1500/1800*

INTRADAY TIPS FOR 10 NOVEMBER 2010

GOOD MORNING!!!

THE MARKET SURGED TO HIT DAY'S HIGH AFTER A WEAK START AS MOST ASIAN STOCKS REVERSED INITIAL LOSSES. PROFIT BOOKING EMERGED SOON AFTER EXTENDING INITIAL GAINS TO HIT FRESH INTRADAY HIGHS IN MORNING TRADE. IT REVERSED INITIAL GAINS TO HIT FRESH INTRADAY LOWS IN EARLY AFTERNOON TRADE. IT TRIMMED LOSSES IN AFTERNOON TRADE. IT RECOVERED SHARPLY TO REGAIN POSITIVE ZONE IN MID-AFTERNOON TRADE. IT EXTENDED GAINS IN LATE TRADE. IT WAS ALL IN ALL A VERY VOLATILE SESSION IN THE MARKET. CONSUMER DURABLES, REALTY, FMCG AND IT STOCKS ROSE. THE MARKET BREADTH WAS STRONG. STATE BANK OF INDIA SLUMPED 4.37% AFTER WEAK Q2 RESULT. CAPITAL GOODS STOCKS FELL.

TODAY MARKETS WOULD REMAIN VOLATILE AND RANGE BOUND. IF NIFTY TRADES ABOVE 6350 LIKELY TO MOVE UP TO 6380 AND THEN TO 6400 LEVELS ANY BREAK ABOVE 6400 LIKELY TO TAKE MARKETS TO MUCH HIGHER LEVELS. ONE IS ADVISED TO STAY CAUTIOUS AT EVERY HIGHER LEVEL THOUGH MARKET IS VERY POSITIVE. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 6318 THEN LIKELY TO DIP DOWN TO 6293 AND BREAK BELOW THIS LEVEL MAY TAKE SUPPORT AT 6270 LEVELS AND ANY BREACH BELOW THIS LEVEL WOULD TAKE NIFTY TO 6245 AND THEN TO 6216. ONE IS ADVISED TO STAY CAUTIOUS AS WE MAY LIKELY TO SEE MIDCAPS AND SMALL CAPS TO MOVE. IF NIFTY TRADES BELOW 6285 ON THE CLOSING BASIS ONE IS ADVISED TO MINIMIZE LONGS AND TRY TO ADD FEW SHORTS AS WELL.

BUY JETAIRWAYS SL 883 TGT 900/919/941
BUY LIC HOUSING SL 1391 TGT 1417/1438/1465
BUY NEHA INTERNATIONAL SL 224 TGT 236/244/249
BUY UB HOLDINGS SL 331.45 TGT 345/353/359
BUY SARADA ENERGY SL 315 TGT 325/333/344

POSITIONAL TRADES
BUY SUBEX TGT 120*

INTRADAY TIPS FOR 09 NOVEMBER 2010

GOOD MORNING!!!

THE MARKET JUMPED IN EARLY TRADE AND STARTED GIVING AWAY THE GAINS TO HIT FRESH INTRADAY LOWS IN MORNING TRADE. STOCKS STARTED GIVING AWAY THEIR GAINS. WEAKNESS CONTINUED IN EARLY AFTERNOON. THOUGH OBAMA VISIT WAS GOOD DIDN’T HAVE A POSITIVE IMPACT ON THE MARKETS. MARKETS WERE DOWN BY AFTERNOON TRADE AND WHEN THE PRIME MINISTER AND PRESIDENT GAVE A MEDIA PRESENTATION MARKETS STARTED RECOVERING AND HAVE RECOVERED TO THE MAXIMUM AND IT PROVED TO BE SHORT LIVED AND STARTED DECLINING SOON AFTER THAT AND COULDN’T HOLD THE RECOVERY. MARKET BREADTH WAS WEAK AND CLOSED IN A LOWER LOWS. THOUGH MARKETS WERE DOWN THERE WERE NO VOLUMES.

TODAY MARKETS MAY OPEN FLAT. MARKETS MAY BE VERY RANGE BOUND. IF NIFTY TRADES ABOVE 6311 THEN LIKELY TO MOVE UP TO 6328 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6350 AND ANY BREAK ABOVE 6350 WOULD TAKE NIFTY TO 6398 LEVELS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 6278 THEN MARKETS LIKELY TO COME DOWN TO 6260 AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY TO 6240 LEVELS. ONE IS ADVISED TO EXIT LONG IT NIFTY CLOSES BELOW 6270 LEVELS AND STAY SHORT. THERE WOULD BE STOCK SPECIFIC MOVES, WE MAY SEE MID CAP STOCKS MOVING ALONG WITH SMALL CAPS.

BUY AMBUJA CEM SL 162 TGT 167/170/172.70
BUY BAJAJ HINDUSTAN SL 139 TGT 144/147/149
BUY JP ASSOCIATES SL 137 TGT 140.70/142.50/144
BUY MIRZA INTERNATIONAL SL 24.40 TGT 26/27/27.60 (SHORT TERM 35)*
BUY JUBL FOOD SL 614 TGT 650/660/677*
SELL SBI SL 3441 TGT 3410/3390/3371

POSITIONAL TRADES
BUY IFCI TGT 100

INTRADAY TIPS FOR 08 NOVEMBER 2010

GOOD MORNING!!!

MARKETS ON FRIDAY HIT ITS EVER HIGHS RECORDING HISTORY IN INDIAN MARKETS. WE HAVE SEEN POSITIVE TRADING IN ONE HOUR OF TRADE WITH SOME STOCKS SURGING AND MARKETS CLOSED POSITIVE. THE BREADTH OF THE MARKET REMAINED POSITIVE IN THE ENTIRE ONE HOUR OF TRADE.

TODAY MARKETS WOULD OPEN POSITIVE AND CONTINUE TO REMAIN POSITIVE AND WE MAY SEE NIFTY TO SURPASS NEW HIGHS AND RECORD FRESH HIGHS. THERE WOULD BE A VERY POSITIVE BUYING IN THE STOCKS. THERE ARE TOO MANY REASONS AS OF NOW TO SAY THE MARKETS MAY STILL STRECH FURTHER ON THE POSITIVE SIDE
(A) SUSTAINED BUYING FROM FOREIGN FUNDS
(B) GOOD Q2 RESULTS
(C) EASING FOOD INFLATION
(D) GLOBAL SENTIMENTS
(E) POSIITVE DRIVE OF OBAMA VISIT
CONSIDERING THE ABOVE FACTS WE MAY SEE INDICES TO INCLINE FURTHER AND ONE SHOULD REMEMBER THAT UNLESS AND UNTIL YOU SEE THE INDICIES TURNING NEGATIVE ONE SHOULD REMAIN LONG AS LONG AS THE TREND IS POSITIVE. TODAY IF NIFTY TRADES ABOVE 6326 LIKELY TO MOVE UP TO 6348 AND THEN LIKELY TO MOVE UP TO 6380 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6400 LEVELS AND ANY CLOSE ABOVE 6350 IS CONSIDERED TO BE BULLISH AND ONE CAN REMAIN LONG, WE MAY SEE NIFTY TO REACH HIGHER HIGHS. ON THE NEGATIVE SIDE THERE IS HARDLY ANY SCOPE AS OF TODAY BUT ANY DECLINE IS A BUYING OPPORTUNITY IN NIFTY SO USE DOWNSIDE IN NIFTY AS OPPORTUNITY TO BUY.

BUY JPASSOCIATES SL 132.90 TGT 135/136/138
BUY FIRST LEASING SL 93 TGT 95.50/96.80/99
BUY DISH TV SL 69.90 TGT 71.75/73/74.80*
BUY GANDHIMATI APPLIANCES SL 123.40 TGT 129.60/134/140 (SHORT TERM155/180)**

POSITIONAL TRADES
BUY RUCHI SOYA TGT 155/170
BUY BINANI CEMENTS TGT 118/135*
BUY HINDUJA VENTURES LIMITED TGT 600
BUY UNITED SPIRITS TGT 1850/2075
BUY LICHSG TGT 1680/1900
BUY TATA MOTORS 1400/1600

INTRADAY TIPS FOR 05 NOVEMBER 2010

GOOD EVENING!!!

THE MARKET JUMPED IN EARLY TRADE ON FIRM ASIAN STOCKS. THE MARKET EXTENDED GAINS TO HIT FRESH INTRADAY HIGH IN MORNING TRADE. STOCKS REMAINED FIRM IN MID-MORNING TRADE AS EUROPEAN STOCKS JUMPED IN EARLY TRADE. THE MARKET EXTENDED GAINS IN LATE TRADE, INDICES SURGED TO THEIR HIGHEST LEVEL IN NEARLY 34 MONTHS AS STOCKS ROSE ACROSS THE GLOBE AFTER THE US FEDERAL RESERVE'S DECISION TO BUY $600 BILLION IN GOVERNMENT BONDS TO STIMULATE THE US ECONOMY. A RALLY IN COAL INDIA SHARES ON ITS DEBUT ON THE BOURSES, GOOD Q2 SEPTEMBER 2010 RESULTS, SUSTAINED BUYING BY FOREIGN FUNDS, AND DATA SHOWING EASING FOOD INFLATION IN LATE OCTOBER 2010, UNDERPINNED SENTIMENT.

TODAY MARKETS WOULD OPEN POSITIVE, TRACKING POSITIVE CLOSING OF US MARKETS AND GOOD CLOSING OF ASIAN INDICES. TRACKING ALL THE POSITIVE ISSUES IN AND AROUND GLOBE MARKETS WOULD EXTEND ITS GAINS AND HIT HISTORIC HIGHS FOR THE DAY. MARKETS TODAY WOULD SURPASS THE HIGHEST EVER FIGURES IN THE INDICES. TODAY IF NIFTY TRADES ABOVE 6310 THEN LIKELY TO MOVE UP TO 6330 AND BREAK ABOVE THIS LEVEL WOULD SEE NIFTY TO TOUCH 6350 LEVELS AND ANYTHING ABOVE THIS POINT WOULD TAKE TO 6362 LEVELS. ON THE NEGATIVE SIDE THERE IS HARDLY ANY SCOPE ONE IS SUGGESTED NOT TO GO SHORT UNTIL 6294 LEVELS.

BUY IFCI SL 73.80 TGT 75/76/77
BUY BPCL SL 763 TGT 766/768/772
BUY CHAMBAL FERT SL 93 TGT 95.45/96.50/97.25
BUY TITAN SL 3811 TGT 3837/3848/3867