INTRADAY TIPS FOR 29 JANUARY 2010

GOOD MORNING!!!

INDICES COULD NOT HOLD THE INITIAL SURGE IN THE MARKETS DUE TO ASIAN MARKETS AND OBAMA SPEECH ON BANKING RESTRICTIONS. VOLATILITY WAS IMMENSE DUE TO THE ROLL OVER OF POSITIONS ON THE EXPIRY NOTE. CAPITAL GOODS STOCKS FELL AND SECTORS LIKE HEALTHCARE, BANKING, REALITY AND METAL STOCKS ENDED IN GREEN OVERALL BREADTH OF THE MARKET REMAINED WEAK INSPITE OF GLOBAL CUES WERE FIRM. ALL IN ALL THE INDICES ON THE EXPIRY NOTE MOVED IN AN ERRATIC WAY IT WAS ALMOST LIKE SEA-SAW MOVEMENT IN THE LAST 2 HOURS OF THE TRADE GIVING A WIDE ROOM FOR TRADERS. HEALTHCARE STOCKS WERE GOOD ON RESULTS FRONT AND THERE ARE FEW COMPANIES WHICH HAVE DISAPPOINTING Q3 RESULTS WHICH AS ALSO PAVED WAY TO THE DECLINE IN THE INDICES.
TODAY NIFTY INITIALLY WOULD OPEN FLAT TO NEGATIVE BUT MAY SEE DECLINE AT THE END OF THE MORNING SESSION ON PROFIT BOOKING AND SHORTING ON THE CONCERNS OF WEEKEND AND FRESH CONTRACT. IF NIFTY TRADES ABOVE 4800 THEN LIKELY TO PULL BACK BUT IF NIFTY DOESN’T HOLD THIS LEVEL THEN WE MAY HEAD TOWARDS 4709 WHERE THIS POINT IS CONSIDERED TO BE A MINOR SUPPORT AGAIN AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 4573. ON THE UPSIDE, NIFTY AS OF NOW SHOWS LOT OF WEAKNESS SO CHANCES OF UPSIDE IS REMOTE BUT ONE SHOULD ONLY THINK OF BUYING ANYTHING ABOVE 4944 UNTIL THEN ONE CAN REMAIN SHORT.
SELL SINTEX SL 258 TGT 248/243/236
SELL WELSPUN SL 265 TGT 252/249

SELL LT SL 1438 TGT 1418/1410/1400

SELL BPCL SL 551 TGT 539/533

INTRADAY TIPS FOR 28 JANUARY 2010

GOOD MORNING!!!

KEY BENCHMARK INDICES EXTENDED THEIR FIVE-DAY LOSING TREND TODAY AS THEY PLAYED A CATCH-UP WITH REST OF ITS ASIAN PEERS WHICH HAD WITNESSED A HEAVY SELL-OFF. THE MARKET BREADTH WAS WEAK AS SMALL AND MID-CAP SHARES SUCCUMBED TO SELLING PRESSURE. SHARES FROM INTEREST RATE SENSITIVE SECTORS - BANKING, REALTY AND AUTO PACK DOMINATED THE MARKET SLIDE. TODAY'S SELL-OFF WAS WIDE-BASED WITH SHARES ACROSS SECTORS TAKING A HIT. IT AND METAL STOCKS WERE NOT SPARED EITHER. SENTIMENT REMAINED EDGY WITH LATEST QUARTERLY EARNINGS FROM SELECT PIVOTALS FALLING SHORT OF STREET ESTIMATES AND FOLLOWING THE RECENT SELLING DRIVE BY THE FOREIGN INSTITUTIONAL INVESTORS. THE UNDERTONE REMAINS CAUTIOUS AHEAD OF DERIVATIVES EXPIRY, RBI'S MONETARY POLICY AND EARNINGS FROM FRONTLINE COMPANIES.

IN THE LAST REPORT, I CLEARLY MENTIONED BREAK BELOW 4944 WOULD TAKE NIFTY TO 4800 AND THERE IS NO SUPPORT TILL 4800. AND THIS IS CONSIDERED TO BE ONLY A MINOR SUPPORT NOW THAT NIFTY HAS ONLY MINOR SUPPORT AT 4800 AND THEN AT 4709 IF 4800 IS BREACHED THEN WE WILL HAVE A MINOR SUPPORT AT 4709 AND BREACH BELOW THIS LEVEL WOULD TAKE NIFTY TO 4573 WHICH IS CONSIDERED TO BE A MAJOR SUPPORT FOR THE NIFTY. TODAY AS IT IS BEING THE FNO EXPIRY WE MAY SEE MARKET TO BE SIDEWAYS AND HOVER POSITIVE TO NEGATIVE AND NEGATIVE POSITIVE TERITORRY IN A NARROW PRICE BAND. WE MAY SEE SOME STOCK SPECIFIC MOVES ON THE UPSIDE BUT INDEX WISE WE MAY NOT SEE MUCH APPRECIATION NOW. STAY SHORT AT EVERY RISE AND IF YOU ARE A SERIOUS INVESTOR ONE HAS TO ADD SOME PUTS TO YOUR PORTFOLIO TO CONTAIN THE LOSS.

BUY INFOTECHENT SL 334 TGT 365/379/390
BUY KOUTONS SL 363 TGT 394/400/410
BUY TORRENT PHARMA SL 413 TGT 434/440/447
BUY REVATHI EQUIP SL 633 TGT 673/685
SELL RELCAP SL 801 TGT 762/747/722
SELL SIEMENS SL 604 TGT 585/573/556
SELL MARUTI SL 1385 TGT 1327/1300/1272

NOTE: BUY STOCKS IF TRADED ABOVE CLOSING PRICE AND SELL STOCKS IF TRADED BELOW THE CLOSING PRICE ON THE ABOVE RECOMMENDATIONS

INTRADAY TIPS FOR 27 JANUARY 2010

GOOD MORNING!!!

MARKETS WERE NOT VERY WEAK IN THE OPENING, MARKETS TOOK GOOD SUPPORT AT 4946 AND BOUNCED BACK ON FRIDAY THOUGH MARKET OPENED NEGATIVE IN THE OPENING BUT MANAGED TO GET POSITIVE BY MID AFTERNOON TRADE BUT COULD NOT MANAGE AS UNDERTONE WAS VERY CAUTIOUS AHEAD OF HOLIDAY SUPPORTED BY RBI’S MONETARY POLICY AND WEAK GLOBAL CUES HAD PLAYED THE KEY ROLE IN PROFIT TAKING AT THE END OF THE DAY EVEN AFTER A GOOD RECOVERY IN THE EARLY TRADE. SELLING PRESSURE SUSTAINED IN AUTO MAJOR M&M ON DISAPPOINTING EARNINGS THE RESULTS WERE LOWER THAN THE MARKET EXPECTATIONS. THOUGH BREADTH OF THE MARKET WAS WEAK IT WAS NOT VERY WEAK WHEN COMPARED TO THURSDAY. AMONG THE TOP LOOSERS IN THE KEY INDICES REALITY, AUTO, METALS, IT AND BANKING WERE THE KEY WHILE FMCG ALONG WITH CAPITAL GOODS HAVE GAINED.

TODAY, MARKETS WOULD BE HIGHLY VOLATILE AHEAD OF EXPIRY ON THURSDAY WE MAY SEE NIFTY TO BE ON THE SIDELINES. AS LONG AS 5000 IS SUSTAINED IN NIFTY WE MAY SEE A PULL BACK IN NIFTY AND ON THE DOWNSIDE IF NIFTY BREACHES 4944 LEVELS WE MAY HEAD DOWNWARDS BY ANOTHER 200 POINTS ON IMMEDIATE BASIS. ONE IS ADVISED TO STAY VERY CAUTIOUS ON THE DOWNSIDE 4944 LEVEL, KEEPING 4944 AS STOPLOSS ONE CAN KEEP BUYING ON DECLINES AND ADVISED TO HEDGE YOUR POSITIONS WITH PUTS IF NIFTY IS BELOW 5000 AND ABOVE 4944. ON THE INTRADAY BASIS IF NIFTY TRADES ABOVE 5011 THEN WE MAY HEAD TO 5040 THIS IS CONSIDERED TO BE MINOR RESISTANCE AND TRADE ABOVE THIS LEVEL WOULD TAKE NIFTY TO 5075 LEVELS, ANYTHING ABOVE THIS LEVEL WOULD TAKE NIFTY TO 5140 AND ON THE DOWNSIDE IF NIFTY BREACHES 4997 THEN WE MAY SEE NIFTY TO TAKE SUPPORT AT 4980 LEVELS AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 4944 WHICH IS VERY CRUCIAL SUPPORT FOR NIFTY IN NEAR TERM IF NIFTY BREAKES THIS LEVEL IT IS ADVISED TO TAKE SHORTS OR PUTS IN FEB CONTRACTS FOR A TARGET OF 4800.
BUY RCF SL 107.9 TGT 111/115/118
BUY NATIONAL FERTILIZER SL 127 TGT 137/143

BUY JAI CORP SL 296.4 TGT 318/332/352
BUY HINDUSTAN COPPER ABOVE 614.3 SL 608 TGT 622/633/648
BUY HAVELLS INDIA ABOVE 589.2 SL 579.9 TGT 619/631/646
BUY UNION BANK SL 264 TGT 270/275
BUY ORBIT CORPOTATION SL 344.9 TGT 368/381
SELL TATAMOTORS SL 785 TGT 754/742
SELL STERLITE SL 810 TGT 791/785/759
SELL IBREALESTATE SL 192 TGT 186/183 (165 IN NEAR TERM)
SELL TATA STEEL SL 809 TGT 788/779
SELL M&M SL 1081 TGT 1044/1021/1007
NOTE: BUY CALLS TO BE TAKEN ONLY IF THE SCRIP TRADES ABOVE CLOSING PRICE AND SELL CALLS BELOW CLOSING PRICE
POSITIONAL TRADES
BUY HYDERABAD INDS SL 589 TGT 678/853
BUY INFOTECH ENTER SL 338 TGT 379/407
BUY KESAR ENTERPRISE TGT 163/173

INTRDAY TIPS FOR 25 JANUARY 2010

GOOD MORNING!!!

INTRADAY VOLATILITY ON THE BOURSES WAS HIGH. THE MARKET TUMBLED IN EARLY TRADE ON WEAK GLOBAL STOCKS. THE MARKET STAGED A STRONG INTRADAY REBOUND IN AFTERNOON TRADE AFTER THE CHIEF ECONOMIC ADVISER TO THE FINANCE MINISTRY KAUSHIK BASU SAID THE ECONOMY WILL BE BACK AT A 9% GROWTH RATE BY THE NEXT FISCAL YEAR. BUT THE INTRADAY REBOUND PROVED SHORT-LIVED. THE MARKET WEAKENED IN AFTERNOON TRADE. THE MARKET ONCE AGAIN RECOVERED FROM LOWER LEVEL. IT LOST GROUND AGAIN LATER. THE MARKET BREADTH WAS EXTREMELY WEAK. INFRASTRUCTURE RELATED SECTORS DECLINED FOR THE SECOND DAY IN A ROW, REALITY, POWER AND CAPITAL GOODS STOCKS SUFFERED SEVERE SETBACK. IT STOCKS WERE NOT SPARED EITHER FOLLOWING WORRIES THE OBAMA BANK PLAN WILL CRIMP OUTSOURCING DEMAND.
TODAY MARKETS LOOK VOLATILE WITH GLOBAL QUES BEING NEGATIVE. MARKETS LAST DAY REBOUNDED ON A HIGH NOTE WITH DII DOMINATING THE BUYING WHILE FII FIRING ON SELLING. MARKETS HAVE SHOWN GREAT RECOVERY ON THE DOWNSIDE AND MAY HOLD THIS SUPPORT ZONE UNTIL THE EXPIRY OF THE CURRENT MONTH TAKES PLACE. FOR TODAY NIFTY MAY TAKE SUPPORT INITIALLY AT 4990 IF IT SUSTAINS WITHOUT BREAKING THIS LEVEL THEN CAN SEE A BOUNCE BACK BUT IF THE LEVEL IS NOT SUSTAINED THEN WE CAN HEAD TOWARDS 4944 THIS IS CONSIDERED TO BE ONE OF THE CRUCIAL LEVELS FOR NIFTY FOR THE SHORT TERM IF 4944 IS BROKEN WE CAN DIRECTLY HEAD TOWARDS 4800 THIS IS A MINOR SUPPORT IN THE NEAR TERM IF 4944 IS BROKEN. ON THE POSITIVE SIDE AS LONG AS NIFTY IS ABOVE 5000 AT THIS LEVEL MARKET CAN REMAIN SIDEWAYS IF NIFTY TRADES ABOVE 5052 THEN CAN SEE FURTHER UPSIDE BEFORE EXPIRY. ONE IS ADVISED TO STAY SHORT ONLY BELOW 4944 AND LONG ONLY ABOVE 5052
BUY MARUTI SL 1409 TGT 1482/1515/1546 (ONE CAN HOLD POSITIONALLY WITH SL 1369 FOR A TARGET OF 1734)
BUY DREDGECORP SL 679 TGT 735/760/784
BUY SPICE JET SL 55 TGT 63/66/69
BUY STRIDE AERCOLAB SL 285 TGT 308/314/324
BUY BHEL SL 2352 TGT 2390/2412/2446
BUY MCDOWELL-N SL 1259 TGT 1350/1369/1391
SELL TATASTEEL SL 631 TGT 609/591
POSITIONAL TRADES
BUY NOIDA MEDICARE AT 23 TGT 46/69/92

INTRADAY TIPS FOR 22 JANUARY 2010

GOOD MORNING!!!

WORRIES ON GLOBAL MARKETS, INFLATION NUMBERS AND DISAPPOINTING FRONTLINE Q3 NUMBERS HAS TRIGGERED A SELLING WAVE ON THE BOURSES. MARKET BREADTH WAS VERY WEAK AS ALMOST ALL THE SECTORAL INDICES FELL AMONG THEM HIGH BETA INFRASTRUCTURE SHARES WERE THE WORST HIT IN THE SELL-OFF. L&T NUMBERS HAS PULLED THE MARKET WITH THEIR RESULTS DOWNGRADED TO 50% FROM THE PREVIOUS QUARTER. ICICI BANK NUMBERS WERE ALSO DISAPPOINTING ALONG WITH BHEL AS THEY NOT INLINE WITH THE MARKET EXPECTATIONS. BANKING SHARES STARTED BOOKING PROFITS AHEAD OF MONETARY POLICY REVIEW.
TODAY MARKETS LOOK WEAK ON THE FACTORS LIKE GLOBAL QUES, WEAK FRONTLINE INDICES, PROFIT TAKING, FNO EXPIRY AHEAD ALONG WITH RBI MONETARY POLICY AHEAD. TODAY WE MAY SEE A GAP DOWN OPENING IN NIFTY AND IN THE GAP DOWN IF NIFTY TRADES BELOW 5052 THEN IT IS EXPECTED TO COME DOWN TO 4996 AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY TO 4944 LEVELS. BE CAUTIOUS AND DON’T HOLD POSITIONS ON LONG SIDE AT THIS LEVEL UNTIL NIFTY TRADES ABOVE 5168 LEVELS.
SELL TATAPOWER TGT 1345/1328/1312
SELL STERLITE TGT 808/797/781
SELL CAIRN TGT 276/272/268
SELL HCL TECH 366/362/358
SELL HDFC SL 2451 TGT 2410/2384
SELL BHEL SL 2301 TGT 2261/2242/2223
SELL ICICI BANK SL 856 TGT 830/817
SELL ABB SL 841 TGT 823/816/806
SELL SIEMENS SL 631 TGT 620/607/598

INTRADAY TIPS FOR 21 JANUARY 2010

GOOD MORNING!!!

KEY INDICES EDGED LOWER ON THE WEAK GLOBAL QUES IMPACTING THE SENTIMENTS OF THE INVESTORS. MARKET BREADTH WAS WEAK ALMOST ALL THE INDICES EDGED LOWER TRIGGERING THE SENTIMENT FROM POSITIVE TO NEGATIVE ZONE ALL THE SECTORAL INDICES LIKE REALITY, HEALTH CARE, PSU, FMCG, OIL EXPLORATION AND PSU FELL EXCEPT FOR THE METAL INDEX WHICH SHOT UP. ON A HIGHLY VOLATILE MARKET WE HAVE SEEN ONLY STOCK SPECIFIC MOVES
TODAY MARKET LOOKS WEAK ON GLOBAL FACTORS AS AMERICAN STOCK EXCHANGES COLLAPSED AND ASIAN INDICES TRENDING DOWNWARDS SO WE MAY EXPECT NIFTY TO OPEN GAP DOWN AND TAKE SUPPORT AROUND 5166 AND BREAK BELOW THIS LEVEL WOULD LEAD NIFTY TO FURTHER NEW LOWS AND WE EXPECT NIFTY TO COME DOWN TO 5069 IF NIFTY TRADES BELOW 5197 THEN WE CAN STAY SHORT. ON THE POSITIVE SIDE IF NIFTY CLOSES ABOVE 5270 ONLY THEN IT IS ADVISED TO GO LONG TILL THEN ITS NO TRADING ZONE.

BUY MARUTI SL 1450 TGT 1466/1470/1488
BUY TATASTEEL SL 643.8 TGT 657/666
BUY BHUSHANSTEEL SL 1679 TGT 1740
BUY DCHL SL 169 TGT 174/176
SELL RANBAXY 500 TGT 480/470/462
SELL AXIS BANK SL 1086 TGT 1075/1068/1052
SELL M&M SL 1160 TGT 1134/1120/1090
SELL JP HYDRO SL 79.45 TGT 76/74
SELL CENTURY SL 565.5 TGT 550/543/534
NOTE: TAKE BUY CALLS ONLY IF THE SCRIP TRADES ABOVE CLOSING PRICE AND SELL CALLS IF IT IS TRADING BELOW YESTERDAYS CLOSING.

INTRADAY TIPS FOR 20 JANUARY 2010

GOOD MORNING!!!

INDICES HAVE HIT FRESH LOWS DURING THE LATE TRADE ON WEAKNESS IN WORLD STOCKS. IT, REALTY, AUTO AND HEALTHCARE STOCKS FELL. BUT BANKING STOCKS ROSE. THE MARKET BREADTH WAS WEAK. THE BREADTH WAS STRONG EARLIER IN THE DAY. VOLATILITY WAS HIGH. THE MARKET MOVED BETWEEN POSITIVE AND NEGATIVE ZONE EARLIER IN THE TRADING SESSION AND RECOVERED TO SLIGHTLY POSITIVE ZONE BUT THE INTRADAY RECOVERY PROVED SHORT LIVED. THE MARKET WEAKENED IN MID-MORNING TRADE. A SELL-OFF WAS WITNESSED LATER. THE MARKET EXTENDED LOSSES IN LATE TRADE TRACKING WEAK EUROPEAN STOCKS.

TODAY MARKET WOULD OPEN POSITIVE TO FLAT AND TRADE IN NARROW RANGE BOUND UNTIL NIFTY BREACHES 5197 ONE CAN STILL REMAIN IN POSITIVE SIDE OF THE NIFTY IF NIFTY TRADES 5238 THEN LIKELY TO TEST 5276 LEVELS AND TRADE ABOVE 5276 WOULD LEAD NIFTY TO 5290 WHICH IS VERY CRUCIAL LEVEL FOR NOW IN NIFTY UNLESS AND UNTIL WE SEE CLOSING ABOVE 5290 ONLY THEN WE CAN SEE A GOOD MOVE. IF NIFTY TRADES BREAKS 5197 THEN LIKELY TO COME DOWN TO 5168 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY 5087 ANY CLOSE BELOW 5197 IS CONSIDERED TO BE WEAK AND WOULD ADVISE TO EXIT LONGS AND CONVERT TO SHORTS.
BUY YESBANK SL 279 TGT 287/292.75
BUY CHAMBALFERT SL 70.4 TGT 72/75
BUY PATEL ENGG SL 472 TGT 490/494/497
POSITIONAL CALLS
BUY EMPEE DIS AT 138 TGT 100%

BUY EPC INDS AT 64+ TGT 100%/150%

INTRADAY TIPS FOR 19 JANUARY 2010

GOOD MORNING!!!

INDICES EDGED HIGHER AS ON REPORTS BANKS ARE UNLIKELY TO RAISE LENDING RATES IN THE NEAR TERM EVEN IF THE CENTRAL BANK SIGNALS A TIGHTENING OF THE MONETARY POLICY BY HIKING THE CASH RESERVE RATIO (CRR). REALTY STOCKS FELL. BUT BANKING, AUTO AND IT STOCKS GAINED. THE MARKET WAS VOLATILE. OVERALL THE STRENGTH OF THE MARKET REMAINED POSITIVE FOR THE ENTIRE DAY.
TODAY NIFTY EVEN IF IT OPENS NEGATIVE TO FLAT MARKET MAY REMAIN POSITIVE UNLESS AND UNTIL IT BREACHES THE SUPPORT GIVEN BELOW. IF NIFTY TRADES ABOVE 5276 LIKELY TO GO TO 5311 AND TRADE ABOVE THIS POINT WOULD TAKE NIFTY TO 5350 AND THEN TO 5400 ANYTHING ABOVE 5311 IS CONSIDERED TO BE VERY GOOD AND WILL MOVE STRONGLY FROM THAT POINT TO ANOTHER 100 POINTS. AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5257 THEN LIKELY TO COME DOWN TO 5238 AND BELOW THIS LEVEL WOULD TAKE NIFTY TO 5202 ANY CLOSE BELOW 5200 IS CONSIDERED TO BE WEAK. ONE IS ADVISED TO STAY SHORT BELOW 5202. APART FROM THE RECOMMENDATION GIVEN BELOW REALITY, AUTO, BANKING LOOKS STRONG AND THE STOCKS IN POSITIVE ZONE ARE GSPL, GTL, HCC, GVKPIL, HEROHONDA, INDHOT, IFCI, INDIAINFO, INDIANBANK, CANPAND, JINDALSTEL, JPHYDRO, KOTAKBANK, MTNL, PANTALOON.
BUY BANK OF BARODA SL 544 TGT 560/567/572
BUY BHARAT FORGE SL 300 TGT 305/308
BUY CUMMINSIND SL 444 TGT 459/464/470
BUY DLF SL 382 TGT 389/394/399
BUY HDIL SL 382 TGT 392/396/399
BUY AXIS BANK SL 1099 TGT 1115/1119/1125
BUY GAIL SL 434 TGT 445/450
BUY SRF SL 215 TGT 221/223/225
POSITIONAL CALLS
NAVIN FLUORINE AT 386 TGT 500/600/700/800
BUY PURAVANKARA AT 119 TGT 150/200

INTRADAY TIPS FOR 18 JANUARY 2010

GOOD MORNING!!!

LAST DAY WE HAVE WITNESSED MARKETS EDGING HIGHER IN EARLY TRADE TRACKING HIGHER ASIAN STOCKS. THE MARKET LOST GROUND LATER AND CAME OFF THE DAY'S LOWS IN MORNING TRADE. THE MARKET HIT A FRESH INTRADAY LOW IN MORNING TRADE IT WAS COMPLETELY A CHOPPY TRADING SESSION. ALONG METAL AND CAPITAL GOODS STOCKS RELIANCE ALSO FELL. BUT, REALTY STOCKS ROSE. THE MARKET BREADTH TURNED NEGATIVE IN LATE TRADE IN CONTRAST TO A STRONG BREADTH EARLIER IN THE DAY.
WE EXPECT MARKET TO REMAIN IN A CHANNEL WHERE IT NEEDS TO BREAK THE CHANNEL TO PAVE A PATH FOR THE NEW TREND. TODAY IF NIFTY TRADES BELOW 5244 THEN LIKELY TO TEST TAKE A SUPPORT AT 5214 LEVELS AND ANY BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 5197 WHICH IS VERY CRUCIAL AND BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5177 AND ANY CLOSE BELOW 5197 IS CONSIDERED TO BE BEARISH. AND ON THE UPSIDE IF NIFTY TRADES ABOVE 5262 THEN LIKELY TO MOVE UP TO 5285 AND BREAK ABOVE THIS LEVEL WOULD TAKE NIFTY TO 5311 AND ANY CLOSING ABOVE 5285 WOULD TAKE NIFTY TO NEW HIGHS OF THE RECENT PAST. WE MAY SEE MOVEMENT IN IT, CEMENT AND PSU’S.

BUY TCS SL 785 TGT 804/809
BUY HDIL SL 374 TGT 389/394/399
BUY CENTURY TEXTILES SL 584 TGT 594/599/608
BUY AMBUJA CEM SL 109 TGT 117/119
BUY BOMBAY DYEING SL 559 TGT 586/590/594
SELL RELIANCE SL 1116 TGT 1095/1080
SELL PNB SL 917 TGT 897/882

INTRADAY TIPS FOR 15 JANUARY 2010

GOOD MORNING!!!

INDICIES HAVE SHOWN GREAT STRENGTH AT THE CURRENT LEVELS MARKET WOULD NOT LIKELY TO TEST NEW LOWS UNLESS THE RECENT HIGHS ARE BROKEN. MARKETS STILL REMAIN POSITIVE UNLESS AND UNTILL NIFTY CLOSES BELOW 5197 ONE CAN SEE A POSITIVE BIAS IN NIFTY FOR INTRADAY. TODAY IF NIFTY TRADES ABOVE 5270 THEN LIKELY TO HEAD TOWARDS 5316 AND ANY BREAK ABOVE THIS POINT AND CLOSE WOULD TAKE NIFTY TO 5380. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5230 THEN NIFTY MAY TAKE SUPPORT AT 5177.

NO RECOS FOR TODAY

INTRADAY TIPS FOR 14 JANUARY 2010

GOOD MORNING!!!

HAPPY PONGAL TO YOU & YOUR FAMILY

INDICES HAVE TURNED POSITIVE FROM A NEGATIVE TERRITORY TO A MUCH BETTER POSITIVE ZONE WHERE NIFTY CAN STAND FIRM AT THIS LEVEL TAKING A FIRM SUPPORT AROUND 5160 LEVELS, NIFTY REBOUNDED FROM THE 5175 LEVELS AND MOVED TO A MUCH BETTER PLACE TURNING THE CONSOLIDATED PHASE TO A MUCH BETTER POSITIVE TERRITORY. INDICES HAVE REGAINED ON THE HOPE OF BETTER Q3 RESULTS. RELIANCE ALONG WITH IT STOCKS AND METALS HAVE PULLED UP WITH STRONG BREADTH.

NIFTY LOOKS POSITIVE AND IT IS OBSERVED THAT ACCUMULATION IN MANY STOCK SPECIFIC COUNTERS IS HAPPENING AHEAD OF BUDGET. ONE SHOULD NOT NEGATE THAT MARKET IS STILL BULLISH AND ANY SHORTS BEFORE TREND REVERSAL MAY PUT TRADER IN A VERY DIRE SITUATION SO ONE NEEDS TO OBSERVE THAT FOLLOWING TREND WOULD PUT AN INVESTOR/TRADER ON A MUCH BETTER ZONE. TODAY IF NIFTY TRADES ABOVE 5246 THEN IT IS LIKELY TO MOVE UP TO 5276 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5316 ANY CLOSE ABOVE 5276 IS CONSIDERED TO BE BULLISH ONE CAN TAKE FRESH LONG POSITIONS IF NIFTY CLOSES ABOVE 5276 LEVELS AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5230 THEN LIKELY TO SLIDE DOWN TO 5177 AND BREAK BELOW THIS WOULD TAKE NIFTY TO 5144 AND ANY CLOSE BELOW 5197 IS CONSIDERED TO BE WEAK AND ONE CAN INITIATE FRESH SHORTS AND CAN CARRY THE SHORT POSITIONS FOR THE NEXT TRADING SESSIONS.
BUY SAIL SL 238.4 TGT 244/248/253
BUY HDIL SL 367 TGT 379/384
BUY GTLINFRA SL 41.35 TGT 45.8/46.7/47.8
BUY EVERONN SL 419 TGT 434/439
BUY TINPLACE SL 88 TGT 93/95
POSITIONAL CALLS
BUY IGARASHI MOTORS INDIA AT 49 TGT 100/150/200
BUY FRESHTROP FRUITS TGT 75/125

INTRADAY TIPS FOR 13 JANUARY 2010

GOOD MORNING!!!

INDICES EDGED LOWER ON THE WORRIES THAT CENTRAL BANK WILL TIGHTEN THE MONETARY POLICY TO CURB INFLATION ON ROBUST INDUSTRIAL PRODUCTION DATA FOR NOVEMBER 2009 ALONG WITH THIS WEAK EUROPEAN STOCKS AND LOWER US INDEX FUTURES ALSO ADDED FUEL TO THE DECLINE. IT STOCKS BUCKED THE WEAK TREND AFTER STRONG Q3 DECEMBER 2009 RESULTS FROM IT BELLWETHER INFOSYS TECHNOLOGIES. FMCG, BANKING, REALTY AND METAL STOCKS FELL. THE MARKET BREADTH WAS WEAK IN CONTRAST TO A STRONG BREADTH EARLIER IN THE DAY. OVERALL MARKET WAS VOLATILE. IT TURNED NEGATIVE AFTER A FIRM OPENING TRIGGERED BY BETTER-THAN-EXPECTED Q3 DECEMBER 2009 RESULTS BY IT BELLWETHER INFOSYS WHICH WERE ANNOUNCED JUST BEFORE TRADING STARTED. IT RECOVERED FROM THE DAY'S LOW IN MORNING TRADE AFTER SOME ASIAN STOCKS REVERSED EARLY LOSSES. THE MARKET PARED GAINS AFTER HITTING FRESH INTRADAY DAY HIGH IN EARLY AFTERNOON TRADE. THE MARKET SLIPPED INTO THE RED IN AFTERNOON TRADE. THE MARKET EXTENDED LOSSES LATER.
TODAY WE MAY SEE SOME STOCK SPECIFIC MOVES ON NIFTY. IF NIFTY TRADES BELOW 5197 THEN IT WOULD LEAD MARKETS TO 5160 AND BREAK AND TRADE BELOW THIS POINT WOULD LEAD TO 5102 ONE IS ADVISED TO STAY CAUTIOUS ON LONG SIDE ABOVE 5197. ON THE UPSIDE IF NIFTY TRADES ABOVE 5220 THEN IT WILL MOVE TO 5250, IF NIFTY TRADES ABOVE 5250 THEN LIKELY TO MOVE UP TO 5276. METALS AND BANKING STOCKS LOOKS WEAK. IT WILL HOLD THE RALLY AND YOU MAY SEE SOME STOCK SPECIFIC MOVES.
BUY PFC SL 269 TGT 275/279
BUY M&M SL 1177 TGT 1196/1210
SELL TATA STEEL SL 629 TGT 616/611/606
SELL CAIRN SL 299 TGT 291/289/281

INTRADAY TIPS FOR 12 JANUARY 2010

GOOD MORNING!!!

THE MARKET PARED GAINS SOON AFTER AN EARLY SURGE TRIGGERED BY FIRM ASIAN STOCKS AND STRONG TRADE DATA FROM CHINA FOR DECEMBER 2009. THE MARKET PARED GAINS IN MID-MORNING TRADE AFTER MOVING IN A NARROW RANGE IN MORNING TRADE AFTER RIL LOST GROUND AFTER THE COMPANY SOLD A LARGE QUANTUM OF ITS TREASURY SHARES. BANKING PIVOTAL FELL. THE MARKET FURTHER TRIMMED GAINS TO HIT FRESH INTRADAY LOW IN EARLY AFTERNOON TRADE. THE MARKET LOST FURTHER GROUND IN AFTERNOON TRADE. THE MARKET SLIPPED INTO THE RED IN MID-AFTERNOON TRADE. THE MARKET CUT LOSSES IN LATE TRADE BUT, IT, AUTO, REALTY AND METAL STOCKS GAINED.

TODAY MARKET WOULD BE RANGE BOUND AND THE MAJOR TIRGGER IN THE MARKET WOULD BE THE ANNOUNCEMENT OF INDUSTRIAL OUTPUT DATA FOR THE MONTH OF NOVEMBER 2009, WHICH MAY CHANGE THE TREND OF THE MARKET. TODAY IF NIFTY TRADES ABOVE 5260 THEN LIKELY TO MOVE UP TO 5276 AND BREAK ABOVE THIS POINT WOULD LEAD NIFTY TO 5290, CLOSING ABOVE 5290 WOULD PULL NIFTY TO NEW HIGHS OF THE YEAR, WE MAY SEE NIFTY TO TOUCH 5350 AND THEN 5400. AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5245 THEN LIKELY TO COME DOWN TO 5219 AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY TO 5205, ANY CLOSE BELOW 5197 WOULD TAKE NIFTY MUCH DOWNSIDE. REALITY AND SHIPPING ARE POSITIVE. STOCK SPECIFIC: UNITECH, MLL, GESHIPPING, PANTALOON AND ORCHID CHEMICALS LOOKING POSITIVE.

BUY AXISBANK SL 1039 TGT 1064/1075/1087
BUY SIEMENS SL 639 TGT 654/665
BUY CHAMBAL FERT SL 64.95 TGT 66.1/66.7
BUY GESHIPPING SL 319 TGT 325/329/334
SELL RELIANCE BELOW 1083 SL 1087 TGT 1067/1052

INTRADAY TIPS FOR 11 JANUARY 2010

GOOD MORNING!!!

THE MARKET MAY SEE STOCK-SPECIFIC ACTION THIS WEEK AS THIRD QUARTER RESULT SEASON KICKS OFF. BESIDES CORPORATE RESULTS, MARKET PARTICIPANTS WILL BE KEENLY WATCHING INDIA'S INDUSTRIAL PRODUCTION DATA, GOVERNMENT DATA ON INDUSTRIAL PERFORMANCE FOR NOVEMBER 2009, AS MEASURED BY THE INDEX OF INDUSTRIAL PRODUCTION (IIP), WILL BE UNVEILED ON 12 JANUARY 2010 AND MONTHLY INFLATION DATA, INFLATION DATA FOR DECEMBER 2009 IS DUE ON 14 JANUARY 2010. MAJOR COMPANIES ANNOUNCING Q3 RESULTS INCLUDE, INFOSYS TECHNOLOGIES (ON 12 JANUARY), BAJAJ AUTO (12 JANUARY), TCS (15 JANUARY), HDFC BANK (15 JANUARY), AND AXIS BANK (15 JANUARY).
TODAY WE MAY WITNESS A BOUT OF VOLATILITY AND STOCK-SPECIFIC MOVEMENTS IN THE MARKET AMID THIRD QUARTER RESULTS THOUGH MARKET IS IN AN OVER STRETCHED ZONE AND THOUGH PROFIT BOOKING TAKING PLACE AT EVERY HIGHER LEVEL TECHNICALLY THE TREND REMAINS STILL BULLISH. IF NIFTY TRADES ABOVE 5265 THEN LIKELY TO SEE NIFTY TO INCH TO 5285 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5313 AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5238 THEN WE MAY SEE NIFTY SLIDING DOWN TO 5217 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 5197 AND ANY CLOSING BELOW THIS POINT IS CONSIDERED TO BE NEAR TERM BEARISH SO STAY INVESTED ABOVE 5197 AND BELOW THIS LEVEL REMAIN SHORT.
BUY GRASIM SL 2749 TGT 2790/2820/2845
BUY RELCAP SL 904 TGT 913/919/927
BUY HDIL SL 374 TGT 382/385/388
BUY SATYAM SL 108 TGT 117/120

INTRADAY TIPS FOR 08 JANUARY 2010

GOOD MORNING!!!

THE PAST TRADING SESSIONS WERE ABSOLUTE GAINS FOR MANY OF THE INDICES STOCKS WHICH HAS PULLED THE KEY INDICES TO MUCH HIGHER ZONES OF MULTIPLE MONTHS, LAST TRADING SESSION WAS WEAK WITH GLOBAL CUES AND LOWER US INDEX FUTURES WHICH HAS UNDERPINNED THE SENTIMENT ON THE DOMESTIC BOURSES. AUTO HAS DRIFTED DOWN FOR THE STRAIGHT THIRD DAY AND IT LOST ITS GROUND AFTER A STRAIGHT FEW MONTHS RALLY WITH THE DECLINE IN THE DOLLAR AND RISE IN THE RUPEE VALUE. RELIANCE WAS FIRM ON TALKS OF FUND RAISING BY THE COMPANY THROUGH SALE OF TREASURE SHARES APART FROM THE RECENT 2,675 CRORES IS REPORTEDLY LOOKING TO GENERATE SIMILAR AMOUNT OVER THE NEXT FEW WEEKS BY SELLING MORE STOCK TO INSTITUTIONAL INVESTORS AND THE SATE WOULD BE OFFERED AT DISCOUNT OF 2 TO 4% AS PART OF A STRATEGY TO BEEF UP ITS CASH RESERVE.
TODAY MARKETS MAY OPEN POSITIVE WITH FEW STOCKS GIVING GOOD BREAKOUTS. THE ONLY CONCERN IS THE RELIANCE INDUSTRIES WITH THE RUMOURS OF SOME CONSPIRACY IN THE ACCIDENT OF THE DEAD OF DR.YS RAJASEKHAR REDDY MAY HAVE SOME WEAKNESS WHICH INTURN MAY LEAD THE MARKET LITTLE WEAKER. IF NIFTY TRADES ABOVE 5258 ON THE CLOSING BASIS THEN THE ONE CAN HOLD ON THEIR LONGS AND BELOW THIS POINT ONE CAN TAKE SHORT POSITIONS. ON INTRADAY TERMS IF NIFTY TRADES ABOVE 5270 THEN LIKELY TO 5285 AND THEN TO 5307 AND ANYTHING ABOVE 5307 LIKELY TO TOUCH 5338 AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5250 THEN ONE CAN TAKE SHORT POSITION FOR TARGETS 5234 AND THEN TO 5219 AND BREAK BELOW WOULD LEAD TO 5205 ANY BREAK BELOW THIS POINT IN INTRADAY TERMS IS WEAK AND ONE CAN RETAIN THEIR SHORTS FOR THE NEXT TRADING SESSION. TODAY TEXTILES AND FINANCIAL SECTOR LOOKS GOOD
BUY ABAN SL 1414 TGT 1461/1480
BUY SIEMENS FUTURES SL 607 TGT 624/638/650
BUY ABB SL 774 TGT 794/808/822
BUY ARVIND MILLS SL 41.4 TGT 44/46
BUY ALOK SL 24 TGT 27.5/29.3
SELL HEROHONDA SL 1648 TGT 1610/1591

INTRADAY TIPS FOR 07 JANUARY 2010

GOOD MORNING!!!

INDICES OPENED ON HIGH NOTE TOUCHING 5300 MARKET IN THE OPENING OF THE MARKET AND KEPT ON NAGGING UP AND DOWN WITH PROFIT BOOKING AT EVERY HIGHER LEVELS IN THE MARKET, WITH EXPECTATIONS ON Q3 RESULTS MARKET MAY SEE SOME STRENGTH AND SUSTAIN THE SELLING ACTIVITY UNLESS AND UNTIL THE MARKET SEE SOME STRONG REVERSAL IN THE TREND. THOUGH MARKET BREADTH REMAINED POSITIVE IT WAS WEAKENED COMPARED TO A STRONG BREADTH WITNESSED IN EARLY TRADE.
TODAY MARKET WOULD BE RANGE BOUND AND MARKET SEEMS TO BE IN THE PHASE OF CONSOLIDATION ANY BREAKOUT FROM THE CURRENT LEVELS WOULD SHOW THE TREND. ONE HAS TO WATCH OUT FOR NIFTY BREAKING 5200 UNTIL THEN ONE CAN STAY LONG AND WE MAY SEE MARKET TO BE STOCK SPECIFIC DON’T SHORT ANYTHING THING BEFORE 5200 LEVELS THAT’S THE FIRST CONFIRMATION WHERE ONE CAN GO SHORT. ON THE UPSIDE IT NIFTY SUSTAINS ABOVE 5300 THEN LIKELY TO MOVE UP TO 5350 AND THEN TO 5385 AND THINKING OF SHORTING ONLY BELOW 5200. WE MAY EXPECT SOME POSITIVE BUYING IN REALITY AND PHARMA.

BUY RANBAXY SL 517 TGT 534/540
BUY APTECH SL 199.9 TGT 209/214
BUY DLF SL 376 TGT 381/384
BUY ABRILANUVO SL 943 TGT 965/974
BUY DIVISLAB SL 684 TGT 699/706/714
BUY SINTEX SL 287 TGT 295/299/304

INTRADAY TIPS FOR 06 JANUARY 2010

GOOD MORNING!!!
IT WAS A STRAIGHT SECOND DAY OF POSITIVE MARKETS IN THE NEW YEAR. WITH ASIAN STOCKS ON A POSITIVE NOTE. METAL STOCKS SOARED AS BASE METAL PRICES SURGED ON THE LONDON METAL EXCHANGE ON MONDAY, 4 JANUARY 2010. REALTY AND BANKING STOCKS, ALSO CONTRIBUTED TO LEAD NIFTY TO NEW HIGHS. THE MARKET BREADTH WAS STRONG, THOUGH THE MARKET REMAINED RANGE BOUND IN MORNING TRADE AND MOVED IN A VERY NARROW RANGE IT LATER SURGED HITTING A NEW HIGH ON THE INDICES.
MARKETS STILL REMAIN IN POSITIVE TERRITORY AND ONE HAS TO SEE THAT MARKET IS NOT YET READY FOR GOING SHORTS SO AVOID SPECULATIVE TRADING AT THIS JUNCTURE AS IT MAY MAKE A DECEPTIVE MOVE SO WAIT FOR AN OPPORTUNITY AS THERE IS A VERY BIG ROOM FOR ENTERING AND I WOULD ADVISE EACH AND EVERYONE NOT TO TRY CATCHING THE WAVE AT THE BEGINNING AS IT INVOLVES LOT OF RISK TRY TO MINIMIZE IT AND TRADE WITH THE TREAD. IF NIFTY TRADES ABOVE 5284 THEN IT IS EXPECTED TO BREAK PREVIOUS HIGHS AND TRADING ABOVE 5300 WE CAN SEE NIFTY TO TOUCH 5350 LEVELS AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5270 THEN WE CAN SEE NIFTY TO 5256 AND THEN TO 5233 IF NIFTY TRADES LOWER THAN 5200 THEN IT IS ADVISED TO EXIT ALL YOUR LONGS AND STAY AWAY AND SHORT ONLY IF NIFTY CLOSES BELOW 5197 LEVELS AND DON’T SHORT AGGRESSIVELY SHORT ONLY 50% OF THE QTY OF WHAT YOU CAN SHORT.

BUY OPTOCIRCUITS SL 236.6 TGT 242/244/246
BUY SCI SL 158.5 TGT 164/166
BUY JINDALSTEEL SL 725 TGT 733.4/740/748
BUY RPOWER SL 159 TGT 163/165
BUY PARSVNATH SL 127.4 TGT 132/135/137
BUY ESSAR OIL SL 149 TGT 155/157/160

INTRADAY TIPS FOR 05 JANUARY 2010

GOOD MORNING!!!
IT WAS A SPECTACULAR START OF THE YEAR WITH MANY INDICES HITTING 20 MONTHS HIGH ON THE STRONG AUTO SALES AND SURGE IN MANUFACTURING ACTIVITY IN THE LAST MONTH AND ADDING TO THE TRIGGER IS THE JUMP IN EXPORTS HAS TRIGGERED THE MARKETS TO THE NEW HIGHS. NIFTY HAS CLOSED AT 22 MONTH HIGH WHILE SENSEX CLOSED 20 MONTH HIGH.. IT, CEMENT, BANKING, METAL AND CONSUMER DURABLES STOCKS MOVED UP WITH MARKET BREADTH EDGING MUCH STRONGER. WITH FINANCE MINISTRY CHIEF ECONOMIC ADVISOR STATING ABOUT THE EXPECTED GROWTH OF ECONOMY AT MORE THAN 7.5% IN THE FISCAL YEAR ENDING MARCH 2010, HE ALSO ADDED, “THERE IS NO EXPECTATION OF MONETARY TIGHTENING”, AND IT WAS ALSO SPECIFIED THAT THE INFLATION WHICH IS TAKING PLACE IS SECTOR SPECIFIC AND THERE IS NO REASON FOR TIGHTENING OF MONETARY POLICY, WITH THIS ANNOUNCEMENT AND EUROPEAN MARKETS OPENING POSITIVE MARKETS HAVE TRIGGERED TO THE MULTI MONTH HIGHS.
ONE IS ADVISED NOT TO SHORT AT THIS POINT OF TIME AS THERE IS NO NEGATIVE INDICATION IN THE MARKETS AND TO THE MAJORITY MARKET IS ON THE GOOD RALLY SO MAKE USE OF IT AND TIMELY EXIT WHEN IT IS REQUIRED AS INDICATED BELOW SOME OF THE POSITIVE TRIGGERS FOR MARKETS ARE: -
(a) LATEST DATA SHOWED THAT THE RATE OF GROWTH IN MANUFACTURING ROSE FOR THE FIRST TIME IN THREE MONTHS IN DECEMBER 2009, WITH ACTIVITY REACHING ITS HIGHEST SINCE MAY 2009 ON SHARP RISES IN NEW WORK AND OUTPUT.
(b) BETTER ADVANCED TAX PAYMENTS WHICH INDICATE GOOD Q3 RESULTS
(c) OUTSTANDING AUTO SALES
(d) POSITIVE GLOBAL QUES.

WE MAY SEE A POSITIVE OPENING IN THE MARKETS AND WE MAY SUSTAIN AN UPTREND AS LONG AS NIFTY IS HOLDING 5185, ONE IS ADVISED TO HOLD THEIR LONGS AS LONG AS NIFTY IS CLOSING ABOVE 5185 LEVELS AND KEEP BOOKING PARTIAL PROFITS. TODAY, IF NIFTY TRADES ABOVE 5240 THEN LIKELY TO MOVE TO 5282 AND TRADE ABOVE THIS POINT WOULD TAKE NIFTY TO FURTHER HIGHS AND CAN SEE NIFTY TO TOUCH 5400. ON THE DOWNSIDE IF NIFTY TRADES BELOW 5224 THEN MAY DRIFT DOWN TO 5197 AND ANY CLOSE BELOW 5185 IT IS LIKELY TO COME DOWN SO EXIT ALL LONGS BELOW 5185 UNTIL THEN KEEP BOOKING PROFITS AND RETAIN LONGS. CEMENTS, METALS LOOK POSITIVE ALONG WITH BANKING.

BUY PANTALOON SL 384 TGT 395/398/404
PUNJLLOYD SL 206 TGT 215/217/220
EDUCOMP SL 737 TGT 775/786/800
HINDZIND SL 1179 TGT 1235/1254
ROLTA SL 197 TGT 206/209

INTRDAY TIPS FOR 04 JANUARY 2009

GOOD MORNING!!!

ITS AN UNEXPECTED MOVE TO START MARKETS FROM 9 AM FOR THE TRADING FRATERNITY, THIS NEW YEAR BRINGS IN LITTLE SURPRISE OF EXTENSION OF TIMINGS FOR ALL THE STOCK EXCHANGES FOR 55 MINUTES WITH EARLY HOURS FROM 9 AM TO 3:30 PM. IN THE LAST TRADING SESSION, THE KEY BENCHMARK INDICES ATTAINED THEIR HIGHEST CLOSING LEVEL IN NEARLY 20 MONTHS. VOLATILITY SURGED IN LATE TRADE AS TRADERS ROLLED OVER POSITIONS IN THE DERIVATIVES SEGMENT, TO JANUARY 2010 SERIES FROM THE NEAR-MONTH DECEMBER 2009 SERIES OVERALL IT WAS VERY GOOD IN TERMS OF SECTORIAL INDICIES, AS ALMOST ALL THE SECTORS HAVE GAINED EXCEPT FOR FMCG, HEALTH CARE AND REALITY. NATIONAL ALUMINIUM HAS OUTPERFORMED IN THE LAST TRADING SESSION. OVERALL THE BREADTH OF THE MARKET REMAINED POSITIVE.

TODAY MARKET WOULD BE POSITIVE WITH NIFTY HAS A RESISTANCE AT 5250 ABOVE THIS POINT NIFTY MAY MOVE UP TO 5284 AND CLOSING ABOVE THIS POINT WOULD LEAD NIFTY TO NEW HIGHS I.E., TO 5400 AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5164 THEN WOULD DRAG NIFTY TO 5133 AND TRADE BELOW THIS LEVEL WOULD LEAD TO 5106 ANY CLOSE BELOW THIS POINT WOULD MAKE A LOT OF DIFFERENCE AS NIFTY MAY TRIAL DOWN MUCH MORE THAN ANTICIPATED. AUTO, CEMENT AND STEEL WOULD OUT PERFORM, THESE SECTORS WILL FOCUS IN THE FIRST TRADING WEEK OF 2010 AS COMPANIES UNVEIL THEIR SALES DATA FOR DECEMBER 2009. WE EXPECT STEEL SHARES MAY GET A BOOST FROM A LIKELY HIKE IN STEEL PRICES IN THE NEW YEAR. WE MAY SEE BANKING SECTOR TO MOVE UP TODAY IN THE MARKETS.

BUY SBI SL 2239 TGT 2287/2299/2331
BUY M&M SL 1074 TGT 1093/1100
BUY IOB SL 107 TGT 114.9/118.80/121
BUY SAIL SL 237 TGT 246/252

POSITIONAL TRADES

BUY HSIL AT 89 TGT 100%/200%