INTRADAY TIPS FOR 26 FEBRUARY 2010

GOOD MORNING!!!

KEY BENCHMARK INDICES CUT LOSSES AFTER THE FINANCE MINISTRY'S ECONOMIC SURVEY FOR 2009-2010 TABLED IN THE PARLIAMENT YESTERDAY, PREDICTED THAT INDIA WOULD BOUNCE BACK TO A HIGH 9% GROWTH IN 2011-12 AND IS ON ITS WAY TO BECOMING THE WORLD'S FASTEST GROWING ECONOMY IN FOUR YEARS. MEANWHILE, THE LATEST DATA SHOWED A STRONG GROWTH IN THE INFRASTRUCTURE SECTOR IN THE MONTH OF JANUARY 2010. BUT WEAK GLOBAL STOCKS AND LOWER US INDEX FUTURES CAPPED THE RECOVERY. AUTO STOCKS WERE MIXED. CAPITAL GOODS AND REALTY STOCKS ROSE. BUT, INDEX HEAVYWEIGHT RELIANCE INDUSTRIES EDGED LOWER. THE ECONOMIC SURVEY SAID, THE BROAD BASED NATURE OF THE RECOVERY CREATES SCOPE FOR A GRADUAL ROLL BACK, IN DUE COURSE, OF SOME OF THE MEASURES UNDERTAKEN OVER THE LAST 15 TO 18 MONTHS TO PUT THE ECONOMY BACK ON THE GROWTH PATH. THE INFRASTRUCTURE SECTOR OUTPUT GREW 9.4% IN JANUARY 2010 FROM A YEAR EARLIER, HIGHER THAN AN UPWARDLY REVISED ANNUAL GROWTH OF 6.4% IN DECEMBER 2009, GOVERNMENT DATA SHOWED ON THURSDAY. DURING APRIL-JANUARY, THE FIRST 10 MONTHS OF THE 2009/10 FISCAL YEAR, OUTPUT ROSE 5.4% FROM 3% A YEAR AGO. THE INFRASTRUCTURE SECTOR ACCOUNTS FOR 26.7% OF INDIA'S INDUSTRIAL OUTPUT. THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET WAS NEGATIVE
BUDGET EXPECTATIONS:
AS FAR THE UNION BUDGET 2010-2011 IS CONCERNED, THE GOVERNMENT MAY ANNOUNCE INCREASE IN EXCISE DUTIES AS A FIRST STEP TOWARDS A GRADUAL WINDING DOWN OF FISCAL STIMULUS MEASURES. IT MAY ALSO RAISE THE SERVICE TAX RATE TO 12% FROM 10%. IT MAY BE RECALLED THAT THE GOVERNMENT HAD SLASHED THE CENTRAL VALUE ADDED TAX (CENVAT) RATE FOR EXCISE DUTY FROM 14% TO 8% IN TWO ROUNDS STARTING IN DECEMBER 2008. IT HAD ALSO CUT SERVICE TAX BY 2 PERCENTAGE POINTS. THESE REDUCTIONS WERE EFFECTED IN ORDER TO PROVIDE A STIMULUS TO DOMESTIC INDUSTRY. SINCE THE OVERALL PROSPECTS FOR GROWTH ARE MUCH BRIGHTER TODAY, THE FINANCE MINISTER MAY WITHDRAW A PART OF THE STIMULUS IN ORDER TO BOOST TAX REVENUE.
ANALYSTS AND ECONOMISTS EXPECT THE FINANCE MINISTER TO PROVIDE A ROAD MAP FOR THE INTRODUCTION OF THE KEY DIRECT AND INDIRECT TAX REFORMS VIZ. THE DIRECT TAX CODE (DTC) AND THE GOODS & SERVICES TAX (GST) IN THE BUDGET.
AS REGARDS UNION BUDGET 2010-2011, THE FINANCE MINISTER MAY GIVE INFRASTRUCTURE STATUS TO THE OIL & GAS SECTOR TO PROMOTE INVESTMENTS. THERE MAY BE TAX BENEFITS FOR CITY GAS DISTRIBUTION AND EXTENSION IN TAX HOLIDAY FOR NEW REFINERIES. HE MAY ALSO ANNOUNCE DECLARED GOODS STATUS TO THE NATURAL GAS. THE FINANCE MINISTER MAY ABOLISH SERVICE TAX ON EXPLORATION AND PRODUCTION ACTIVITIES.
THE GOVERNMENT IS WIDELY EXPECTED TO RAISE EXCISE DUTIES ON AUTOMOBILES IN UNION BUDGET 2010-2011 THIS WEEK. A HIKE IN EXCISE DUTY IN THE BUDGET WILL RAISE THE COST OF OWNING NEW VEHICLES. COUPLED WITH THE RECENT PRICE HIKES ACROSS SEGMENTS, AND THE PRICE INCREASES LIKELY IN APRIL 2010 ON ACCOUNT OF THE CHANGE IN EMISSION NORMS, THESE POTENTIAL PRICE INCREASES ON EXCISE DUTY INCREASE MAY DAMPEN DEMAND.
THE GOVERNMENT MAY LEVY CUSTOMS DUTY ON IMPORT OF EQUIPMENT FOR POWER PROJECTS IN THE UNION BUDGET 2010-11, WHICH MAY GIVE A FILLIP TO DOMESTIC MANUFACTURERS OF BOILERS, TURBINES AND GENERATORS. THE LEVY OF IMPORT DUTY ON EQUIPMENT FOR POWER PROJECTS WILL BENEFIT COMPANIES SUCH AS BHEL AND L&T.
INDUSTRY WATCHERS EXPECT THAT IN THE COMING BUDGET FINANCE MINISTER MAY INCREASE PRIORITY SECTOR HOUSING LOANS TO RS 30 LAKH FROM EXISTING RS 20 LAKH. THERE MAY BE A GREATER THRUST ON PUBLIC PRIVATE PARTNERSHIP (PPP) PROJECTS IN HOUSING. THERE MAY BE AN INCREASE IN ALLOTMENT TO THE RAJIV GANDHI AWAS YOJANA (SLUM REHABILITATION PROGRAMME). INCREASE IN TAX BREAKS PROVIDED TO HOUSING FINANCE AND INFRASTRUCTURE LENDING COMPANIES IS ALSO EXPECTED. THERE MAY BE A RE-INTRODUCTION OF TAX HOLIDAY FOR HOUSING PROJECTS UNDER SEC 80 IB (10). THE INCREASE IN INCOME TAX DEDUCTION UNDER SEC 80 C ON HOME LOAN PRINCIPAL RE-PAYMENT FROM RS 1 LAKH TO RS 2- 3 LAKH IS ALSO EXPECTED. UNITECH AND DLF WOULD BE THE CHIEF BENEFICIARIES IF THE GOVERNMENT PROVIDERS THRUST TO AFFORDABLE HOUSING PROJECTS IN THE UNION BUDGET 2010-11 NEXT WEEK.
TODAY MARKETS MAY OPEN FLAT AND WOULD BE HIGHLY VOLATILE DURING BUDGET SESSION AND FROM HERE ON WE MAY SEE A FRESH TREND INITIATING IN THE MARKET. GENERALLY THERE IS AROUND 8% MOVEMENT IN THE INDICES DURING BUDGET SESSION, WE EXPECT A VERY HIGH VOLATILITY TODAY. ONE SHOULD BE VERY SPECIFIC TOWARDS CHOOSING OF SECTORS FOR TRADING, SECTORS LOOKING GOOD FOR TRADING PERSPECTIVE FOR TODAY ARE INFRASTRUCTURE, EDUCATION, PHARMA MAY SEE GOOD MOVEMENT AND AUTOMOBILES LOOKING WEAK. IF NIFTY TRADES ABOVE 4870 THEN WE MAY LIKELY TO SEE NIFTY TO GO TO 4910 AND BREAK ABOVE THIS LEVEL WOULD TAKE NIFTY TO 4944 AND ANY CLOSE ABOVE 4944 IS CONSIDERED TO BE VERY BULLISH AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4840 THEN LIKELY TO DIP TO 4800 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 4759 AND TRADE BELOW THIS LEVEL WOULD DRAG NIFTY TO 4700 SO ONE IS ADVISED TO TAKE SHORT POSITIONS IF IT TRADES BELOW 4760 ON POSITIONAL BASIS. STAY VERY CAUTIOUS AS MARKETS WOULD BE HIGHLY VOLATILE.
LONG STRADDLE: BUY 4900 CALL AND 4900 PUT IN THE OPENING AND HOLD THEM
BUY ICICI BANK SL 842 TGT 860/868/874
BUY EDUCOMP SL 670 TGT 700/724/746
BUY RANBAXY SL 449 TGT 458/462/465

INTRADAY TIPS FOR 25 FEBRUARY 2010

GOOD MORNING!!!
THE KEY BENCHMARK INDICES EDGED LOWER IN CHOPPY TRADE, SNAPPING LAST TWO DAYS' GAINS AFTER RAIL MINISTER MAMATA BANERJEE ANNOUNCED A POPULIST RAIL BUDGET FOR 2010-2011. WEAK GLOBAL EQUITIES AND LOWER US INDEX FUTURES ALSO WEIGHED ON INVESTOR SENTIMENT. AUTO STOCKS DECLINED ON FEARS OF HIKE IN EXCISE DUTY IN UNION BUDGET 2010-2011 LATER THIS WEEK. REALTY STOCKS EDGED HIGHER. BUT CONSUMER DURABLES STOCKS FELL. MAMATA BANERJEE PRESENTED THE SECOND RAILWAY BUDGET OF THE UNITED PROGRESSIVE ALLIANCE GOVERNMENT-II IN LOK SABHA TODAY, 24 FEBRUARY 2010 LAYING EMPHASIS ON THE SOCIAL RESPONSIBILITY AND FINANCIAL VIABILITY. THE RAIL MINISTER KEPT PASSENGER FARES AS WELL AS FREIGHT RATES UNCHANGED. THE FREIGHT RATE FOR FOOD GRAINS AND KEROSENE WAS CUT BY RS 100 PER WAGON. THE RAIL MINISTER SAID THE SERVICE CHARGE ON AIR-CONDITIONED FARES WILL BE CUT. MAMATA'S POPULIST RAIL BUDGET HAS MANY SOCIAL WELFARE PLANS AND JOB-GENERATION SCHEMES TOO. BANERJEE SAID THAT IT IS TIME FOR PRIVATE PARTNERSHIP IN INDIAN RAILWAYS, BUT SAID THAT THE RAILWAYS WILL NOT BE PRIVATISED. SHE SAID THAT CLEARANCE TO PRIVATE INVESTMENT WILL BE PROVIDED IN 100 DAYS TO SPEED UP PROJECTS. BANERJEE APPEALED TO BUSINESS HOUSES TO JOIN HANDS FOR BUILDING PARTNERSHIP WITH RAILWAYS. PRESENTING THE RAILWAY BUDGET SHE SAID A SPECIAL TASK FORCE WILL BE SET UP FOR EARLY CLEARANCE OF PROJECTS. THERE IS A TARGET TO IMPLEMENT 1,000 ROUTE KILOMETER (KM) IN ONE YEAR AND 25,000 KM IN THE VISION 2020 DOCUMENT, SHE ADDED. INDIAN RAILWAYS PLANS TO SPEND RS 1124 CRORE ON TELECOM AND SIGNALLING IN FISCAL 2010/11. IT WILL ALSO SPEND RS 5000 CRORE ON LAYING NEW TRACKS DURING THE FISCAL. THE RAIL MINISTER SAID THE NEED OF THE HOUR IS TO INVITE DOMESTIC INVESTMENTS THROUGH PUBLIC PRIVATE PARTNERSHIP. AS PART ITS EFFORTS TO GET MORE FREIGHT FROM HIGHWAYS AND ADDRESS SHORTAGE OF WAGONS, BANERJEE TODAY PROPOSED TO INTRODUCE A MODIFIED WAGON INVESTMENT SCHEME FOR HIGH-CAPACITY GENERAL AND SPECIAL PURPOSE WAGONS. A DETAILED SCHEME IN THIS REGARD WILL BE NOTIFIED LATER. TAKING FURTHER THE CONCEPT OF MEGA-LOGISTICS HUB ANNOUNCED IN HER LAST BUDGET SPEECH, BANERJEE SAID THE RAILWAYS HAS DECIDED TO SET UP AUTOMOBILE AND ANCILLARY HUBS AT 10 LOCATIONS IN THE COUNTRY. THE FIRST OF SUCH HUBS WAS LAUNCHED IN SHALIMAR CLOSE TO KOLKATA LAST YEAR . COMING BACK TO EQUITIES, THE MARKET CUT LOSSES AFTER AN INITIAL SLIDE TRIGGERED BY WEAK ASIAN STOCKS. THE MARKET PARED GAINS AFTER HITTING FRESH INTRADAY HIGH IN MORNING TRADE. IT MOVED BETWEEN POSITIVE AND NEGATIVE TERRAIN IN MID-MORNING TRADE. THE MARKET MOVED IN A NARROW RANGE LATER. THE MARKET DRIFTED LOWER IN AFTERNOON TRADE AFTER THE PRESENTATION OF THE RAIL BUDGET IN PARLIAMENT. THE MARKET RECOVERED FROM LOWER LEVEL IN MID-AFTERNOON TRADE. THE EXPIRY OF THE NEAR-TERM FEBRUARY 2010 DERIVATIVES CONTRACTS ON THURSDAY, 25 FEBRUARY 2010 IS LIKELY TO ADD TO VOLATILITY ON THE BOURSES. ROLLOVER IN NIFTY FUTURES FROM FEBRUARY 2010 SERIES TO MARCH 2010 SERIES STOOD AT ABOUT 35% AT THE END OF TUESDAY'S TRADING. INDIVIDUAL STOCKS WHERE ROLLOVER IS HIGH ARE GTL, REC, INDIA CEMENTS, GTL INFRASTRUCTURE AND M&M. STOCKS WHERE ROLLOVER WAS LOW TILL TUESDAY INCLUDE AMBUJA CEMENTS, TATA CHEMICALS, DISH TV, ADITYA BIRLA NUVO AND ACC. THE MARKET SENTIMENT REMAINS CAUTIOUS AHEAD OF THE UNION BUDGET 2010-11 WHICH WILL BE TABLED IN THE PARLIAMENT ON 26 FEBRUARY 2010. THE ECONOMIC SURVEY WILL BE TABLED IN THE PARLIAMENT ON 25 FEBRUARY 2010.
TODAY MARKETS MAY OPEN FLAT. IF NIFTY TRADES BELOW 4848 LIKELY TO COME DOWN TO 4800 AND BREAK BELOW THIS LEVEL WOULD LEAD NIFTY TO 4760 AND ANY CLOSE BELOW 4800 IS CONSIDERED TO BE VERY WEAK ON NIFTY. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 4897 ONE IS ADVISED TO GO FOR BUYING AND IF NIFTY CLOSES ABOVE THIS POINT ONE CAN TAKE LONG POSITION WITH LIMITED RISK AND IF NIFTY CLOSES ABOVE 4944. STAY CAUTIOUS BEFORE BUDGET BY HEDGING YOUR FUNDS.

BUY IBREAL SL 154 TGT 168/172/175
BUY HCC SL 132 TGT 140/141
BUY EDUCOMP SL 684 TGT 704/711/719

INTRADAY TIPS FOR 24 FEBRUARY 2010

GOOD MORNING!!!

THE KEY BENCHMARK INDICES REGISTERED MARGINAL GAINS AFTER MOVING IN A TIGHT RANGE THROUGHOUT THE DAY. THE MARKET DROPPED IN EARLY TRADE TRACKING WEAK ASIAN STOCKS. THE MARKET RECOVERED IN MORNING TRADE AS SOME ASIAN STOCKS REBOUNDED. IT MOVED IN A NARROW RANGE IN MID-MORNING TRADE. THE MARKET PARED GAINS AFTER HITTING FRESH INTRADAY HIGH IN EARLY AFTERNOON TRADE. THE MARKET ERASED ALMOST ITS ENTIRE GAINS IN EARLY AFTERNOON TRADE. THE MARKET RECOVERED LATER. INDIA'S LARGEST CAR MAKER BY SALES MARUTI SUZUKI INDIA FELL MORE THAN 3% AFTER THE COMPANY SAID IT HAS RECALLED 1 LAKH A-STAR CARS TO FIX FUEL LEAKAGE PROBLEMS. EUROPEAN STOCKS REVERSED EARLY GAINS. IN CONTRAST, ASIAN STOCKS RECOVERED FROM INITIAL LOSSES. IT AND BANKING STOCKS ROSE. REALTY SHARES GAINED ON EXPECTATIONS OF FAVORABLE MEASURES FOR THE SECTOR IN THE UPCOMING UNION BUDGET 2010-11 ON 26 FEBRUARY 2010. BUT AUTO STOCKS FELL ON FEARS OF HIKE IN EXCISE DUTIES IN THE BUDGET.
THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET WAS WEAK.

TODAY MARKETS MAY OPEN GAP DOWN. IF NIFTY TRADES BELOW 4840 LIKELY TO COME DOWN TO 4800 AND BREAK BELOW THIS LEVEL WOULD LEAD NIFTY TO 4760 AND ANY CLOSE BELOW 4800 IS CONSIDERED TO BE VERY WEAK ON NIFTY. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 4897 ONE IS ADVISED TO GO FOR BUYING AND IF NIFTY CLOSES ABOVE THIS POINT ONE CAN TAKE LONG POSITION WITH LIMITED RISK AND IF NIFTY CLOSES ABOVE 4944 THEN ONE CAN INVEST 50 TO 75% OF THEIR CAPITAL ON THE LONG SIDE. YOU MAY SEE HUGE VOLATALITY ON RAILWAY RELATED STOCKS DURING RAILWAY BUDGET TODAY.
BUY ICRA SL 890 TGT 959/975/1000
SELL TATASTEEL SL 580 TGT 563/556
SELL STERLITE SL 771 TGT 752/735/724
SELL TATA MOTOR SL 705 TGT 693/684
SELL HDIL SL 301 TGT 289/284/280

INTRADAY TIPS FOR 23 FEBRUARY 2010

GOOD MORNING!!!

THE KEY BENCHMARK INDICES ERASED ALMOST ALL THE GAINS AFTER AN EARLY RALLY AS INVESTORS TURNED CAUTIONS AHEAD OF THE UNION BUDGET 2010-2011 LATER THIS WEEK. THE MARKET CLOSED WITH SMALL GAINS SNAPPING LAST TWO DAYS LOSSES. BUT RISING METAL PRICES ON THE LONDON METAL EXCHANGE ON FRIDAY, 19 FEBRUARY 2010 BOOSTED LOCAL METAL SHARES. IT SHARES ALSO ROSE. THE MARKET BREADTH WAS WEAK. EUROPEAN STOCKS FELL. AFTER A FIRM START TRIGGERED BY HIGHER ASIAN STOCKS, THE MARKET PARED GAINS IN MORNING TRADE. IT REGAINED STRENGTH IN MID-MORNING TRADE. THE SENSEX MOVED IN A NARROW RANGE IN EARLY AFTERNOON TRADE. THE MARKET ONCE AGAIN PARED GAINS IN MID-AFTERNOON TRADE. THE MARKET CUT ALMOST ALL THE INTRADAY GAINS IN LATE TRADE.
ECONOMIC CALENDAR FOR THE WEEK.

THE HIGHLY EVENTFUL WEEK BEGINS WITH THE RAILWAY BUDGET ON 24 FEBRUARY 2010. IT WILL BE FOLLOWED BY TABLING OF ECONOMIC SURVEY ON 25 FEBRUARY 2010 AND THE UNION BUDGET ON 26 FEBRUARY 2010.

TODAY NIFTY MAY BE VOLATILE WITH NEGATIVELY BIASED AND MAY SEE SOME WILD FLUCTUATIONS IN SECTOR SPECIFIC. TODAY WE MAY SEE NIFTY TO BE HIGHLY RANGE BOUND, IF NIFTY TRADES BELOW 4840 THEN LIKELY TO DIP TO 4798 LEVELS AND BREAK BELOW THIS LEVEL WITH VOLUMES MAY TAKE NIFTY TO 4760 AND ANY CLOSE BELOW 4800 IS CONSIDERED TO BE WEAK AND COULD LEAD THE DOWNFALL VERY RAPIDLY. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 4874 THEN ONE CAN TAKE LONG POSITION ON INTRADAY BASIS FOR A TARGET OF 4902 AND TRADING ABOVE 4900 CAN SEE POSITIVE IMPACT IN THE NIFTY AND ANY CLOSE ABOVE 4944 IS CONSIDERED TO BE BULLISH AND ONE CAN TAKE LONG POSITIONS AT THAT LEVEL. BE CAUTIOUS IN TAKING POSITIONS AS THE EXPIRY OF THIS MONTH CONTRACT IS NEARING WE MAY SEE HUGE VOLATILITY. REALITY LOOKING VERY WEAK, EDUCATION STOCKS LOOKING GOOD.
CAUTION: ONE IS ADVISED TO HEDGE YOUR POSITIONS BEFORE BUDGET AS WE MAY LIKELY TO SEE HUGE VOLATILITY IN THE MARKET. STAY WITH CAUTION IN THE MARKETS.

SELL HDIL SL 296 TGT 287/278/270
SELL SESAGOA SL 367 TGT 360/354/348
SELL DLF SL 287 TGT 278/274/270
POSITIONAL CALL
SELL TATASTEEL FUTURES SL 586 TGT 520/500/480

INTRADAY TIPS FOR 22 FEBRUARY 2010

GOOD MORNING!!!

INDICES DROPPED IN CHOPPY TRADE, EXTENDING LOSSES FOR THE SECOND STRAIGHT DAY AS THE US FEDERAL RESERVE'S DECISION TO RAISE ITS DISCOUNT RATE HURT INVESTOR SENTIMENT. GLOBAL STOCKS AND US INDEX FUTURES FELL AFTER THE US FEDERAL RESERVE RAISED ITS DISCOUNT RATE FOR THE FIRST TIME SINCE THE FINANCIAL CRISIS. THE LATEST FED MOVE STOKED EXPECTATIONS THAT A HIKE IN THE FED'S MAIN POLICY RATE COULD FOLLOW SOONER THAN MANY HAD ANTICIPATED. REALTY, METAL, AUTO, IT AND BANKING STOCKS FELL. THE MARKET BREADTH WAS WEAK.

TODAY MARKETS MAY BE POSITIVELY BIASED WITH GLOBAL CUES LOOKING POSITIVE AND THE VOLATILITY WOULD BE THE KEY FACTOR WITH FNO EXPIRY AHEAD. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 4875 THEN MAY HEAD TOWARDS 4926 AND BREAK AND TRADE ABOVE THIS POINT WOULD TAKE NIFTY TO 4944 ANY CLOSE ABOVE 4944 WOULD REVERSE THE TREND IN THE MARKET TO POSITIVE ZONE. TODAY IF NIFTY TRADES BELOW 4840 THEN TAKE NIFTY TO 4800 BREAK BELOW 4800 WOULD TAKE NIFTY TO 4740 AND ANY CLOSE BELOW 4740 WOULD DRAG MARKETS TO 4512 IN A VERY SHORT TERM. TODAY WITH RAILWAY BUDGET WE MAY SEE STOCKS LIKE MIC ELELCTRONICS, BEL, BARTRONICS, KALINDEE RAIL, EKC, TITAGARH WAGAON, TEXMACO AND FEW OTHER RELATED SECTOR MAY HAVE LOT OF VOLATILITY.
BUY MIC ELECTRONICS SL 41 TGT 47/49
BUY ABGSHIPYARD SL 257 TGT 267/278/284
BUY TITAGARH WAGON SL 449 TGT 465/475/488
BUY DALMIA CEMENTS SL 209 TGT 220/225 POSITIONAL TGT OF 245
BUY BEL SL 2039 TGT 2115/2141/2176
BUY EDUCOMP SL 690 TGT 724/743/764
POSITIONAL TRADES
BUY ISPAT IND AT 18.85 TGT 24/30

INTRDAY TIPS FOR 19 FEBRUARY 2010

GOOD MORNING!!!

THE KEY BENCHMARK INDICES FELL, SNAPPING LAST TWO DAYS' GAINS AS ASIAN STOCKS FELL AND US INDEX FUTURES EDGED LOWER.. METAL, REALTY, SUGAR AND AUTO STOCKS FELL. THE MARKET BREADTH WAS WEAK. THE MARKET DROPPED IN EARLY TRADE AS MOST ASIAN STOCKS FELL. IT CUT LOSSES IN MORNING TRADE. THE MARKET ONCE AGAIN TRIMMED LOSSES AFTER HITTING FRESH INTRADAY LOWS IN MID-MORNING TRADE. THE MARKET ONCE GAIN CAME OFF THE LOWS IN EARLY AFTERNOON TRADE. HOWEVER, THE INTRADAY REBOUND PROVED SHORT LIVED. THE MARKET LOST GROUND AGAIN IN AFTERNOON TRADE. THE MARKET MAY REMAIN VOLATILE IN THE NEAR TERM AS TRADERS ROLL OVER POSITIONS FROM FEBRUARY 2010 DERIVATIVES CONTRACTS TO MARCH 2010 CONTRACTS AHEAD OF THE EXPIRY OF THE NEAR-MONTH FEBRUARY 2010 CONTRACTS ON THURSDAY, 25 FEBRUARY 2010.

TODAY MARKET LOOKS VOLATILE AND NARROWLY RANGE BOUND. MARKET MAY RESIST GOING UPSIDE FROM HERE ON AS INTIMATED EARLIER 4944 IS THE GOOD RESISTANCE POINT WHERE NIFTY REQUIRES HEAVY BUYING TO SURPASS THIS LEVEL. TODAY MARKET LOOKS WEAK ON THE GLOBAL CUES FRONT. TODAY IF NIFTY TRADES BELOW 4875 THEN LIKELY TO SEE MARKETS TO SLIDE DOWN TO 4840 LEVELS AND BREAK BELOW THIS LEVEL WOULD LEAD NIFTY TO 4820 AND THEN TO 4805 ANY CLOSE BELOW 4805 MAY TAKE NIFTY TO LOWER LEVELS IN A VERY SHORT TERM. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 4908 THEN LIKELY TO GO TO 4944 LEVELS AND TRADE ABOVE THIS LEVEL WITH VOLUMES MAY TAKE NIFTY TO MUCH HIGHER LEVELS.

SELL REL INFRA SL 1031 TGT 1016/1008/1001
BUY CHAMBAL FERT SL 71.8 TGT 73.5/74.5/76
BUY NAHAR IND ENT SL 67 TGT 78/82/85
BUY TATACHEMICALS SL 292 TGT 299/302/305
BUY GNFC SL115 TGT 124/127/129.

INTRADAY TIPS FOR 18 FEBRUARY 2010

GOOD MORNING!!!

THE KEY BENCHMARK INDICES ROSE FOR THE SECOND STRAIGHT DAY TRACKING FIRM GLOBAL STOCKS. METAL, BANKING, CONSUMER DURABLES AND AUTO STOCKS ROSE. THE MARKET BREADTH WAS STRONG. THE MARKET OPENED ON A FIRM NOTE TRACKING GAINS IN ASIAN STOCKS. THE MARKET EXTENDED GAINS IN MID-MORNING TRADE. AFTER A SMALL CORRECTION, THE MARKET REGAINED STRENGTH IN EARLY AFTERNOON TRADE. THE MARKET CAME OFF THE HIGHER LEVEL IN AFTERNOON TRADE. VOLATILITY RULED THE ROOST AS THE MARKET FURTHER PARED GAINS IN MID-AFTERNOON TRADE. THE MARKET REGAINED STRENGTH LATER. EUROPEAN EQUITIES ADVANCED FOR A THIRD STRAIGHT SESSION ON WEDNESDAY AS FORECAST-BEATING RESULTS FROM BNP PARIBAS HELPED BANKING STOCKS AND STRONGER COMMODITY PRICES SUPPORTED MINING AND ENERGY SHARES. THE KEY BENCHMARK INDICES IN FRANCE, GERMANY AND UK ROSE BY BETWEEN 0.79% TO 1.48%.
TODAY MARKET LOOKS VOLATILE ON MIXED GLOBAL CUES. IF NIFTY TRADES ABOVE 4944 THEN WE MAY SEE AN UPSIDE TREND TO CREEP IN THE MARKETS BUT THIS TREND WOULD LAST ONLY IF NIFTY CLOSES ABOVE 4944 AND TRADES FIRM. THEN WE MAY HEAD TOWARDS UPSIDE AND ONE CAN STAY LONG ABOVE THIS POINT BUT KEEPING IN MIND THAT 4944 IS THE STOPLOSS EVEN IF ONE TAKES POSITION ABOVE 4944. AND ON THE DOWNSIDE BELOW 4944 IS CONSIDERED TO BE A GOOD BET FOR SHORTING SO ONE CAN TAKE CALCULATED RISK ON THE DOWNSIDE. WE MAY SEE SOME GOOD MOVMENT IN FERTILIZERS, RAILWAY RELATED STOCKS, BANKING, EDUCATION STOCKS ALONG WITH SUGARS LOOK POSITIVE.
BUY BAJAJHIND SL 179.9 TGT 184.5/188/192
BUY GESHIP SL 276 TGT 283/286/291
BUY EDUCOMP SL 689 TGT 714/726/740
BUY SBIN SL 1943 TGT 1969/1974/1987
BUY WELGUJ SL 249.9 TGT 258/263/265

INTRADAY TIPS FOR 17 FEBRUARY 2010

GOOD MORNING!!!

THE KEY BENCHMARK INDICES JUMPED AS FIRM GLOBAL STOCKS BOOSTED INVESTOR SENTIMENT. THE MARKET PARED GAINS SOON AFTER A FIRM START TRIGGERED BY HIGHER ASIAN STOCKS. IT MOVED BETWEEN POSITIVE AND NEGATIVE TERRAIN IN MORNING TRADE. THE MARKET REGAINED STRENGTH IN MID-MORNING TRADE. IT PARED GAINS ONCE AGAIN IN EARLY AFTERNOON TRADE. THE NIFTY SPURTED TO HIT FRESH DAY'S HIGH IN AFTERNOON TRADE. IT EXTENDED GAINS LATER. THE MARKET WITNESSED A SHARP SURGE AT THE FAG END OF THE TRADING SESSION. CAPITAL GOODS, IT, BANKING, AUTO, HEALTHCARE AND METAL STOCKS LED THE RALLY.. THE MARKET BREADTH WAS POSITIVE. ALL THE SECTORAL INDICES WERE IN GREEN.

TODAY MARKETS LOOK POSITIVE ON THE LAST DAYS VOLUMES AND GLOBAL RALLY ALONG WITH ASIAN STOCKS TRADING HIGHER. NIFTY IF TRADES ABOVE 4855 THEN LIKELY TO HEAD TOWARDS 4905 AND BREAK ABOVE THIS POINT WOULD GO TO 4950 AND ANY CLOSE ABOVE 4944 IS CONSIDERED TO BE VERY CRUCIAL IN THE NIFTY POINT OF VIEW AND MAY SEE FURTHER UPSIDE IN THIS PRE BUDGET RALLY, ELSE ONE CAN CONSIDER THIS RALLY AS A RETRACEMENT TO RECENT FALL AND IS LIKELY TO TOUCH 4944 LEVELS AND GO DOWN FURTHER IN THE NEAR FUTURE. NIFTY ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4850 THEN LIKELY TO SEE A DIP TILL 4802 AND BREAK BELOW THIS WOULD TAKE NIFTY 4766 BUT THE CHANCES ON INTRADAY IS LESS. TEXTILE STOCKS GIVEN A POSITIVE BREAKOUT ALONG WITH CEMENT STOCKS.

BUY PUNJLLOYD SL 180 TGT 186/190/192
BUY CAIRN SL 263.4 TGT 268/272/275
BUY IBREAL SL 180 TGT 186/191/200
BUY RANBAXY SL 438 TGT 446/455/460
BUY BHARATFORG SL 254 TGT 260/264/268
POSITIONAL TRADES
BUY VARUN INDS TGT 240/310 (SHORT TERM)*
BUY VIPIND TGT 325 (SHORT TERM)*
BUY RANE (MADRAS) TGT 140**
BUY JAIN IRRIGATION TGT 1200

INTRADAY TIPS FOR 16 FEBRUARY 2010

GOOD MORNING!!!

THE KEY BENCHMARK INDICES FELL ON WORRIES THE CENTRAL BANK MAY TAKE MORE MONETARY ACTION TO CHECK INFLATION AFTER THE LATEST DATA SHOWED THAT THE HEADLINE INFLATION JUMPED IN JANUARY 2010. CONSUMER DURABLES, CAPITAL GOODS, REALTY, FMCG, BANKING SHARES FELL. INDIA'S LARGEST MOBILE SERVICES PROVIDER BY SALES BHARTI AIRTEL FELL MORE THAN 9% ON CONCERNS THE LEADING MOBILE FIRM'S $10.7 BILLION OFFER FOR KUWAITI ZAIN'S AFRICAN ASSETS COULD STRAIN ITS FINANCES. THE MARKET BREADTH, WHICH WAS STRONG AT THE ONSET OF THE TRADING SESSION, TURNED WEAK LATER. THE MARKET WAS VOLATILE. STOCKS TURNED NEGATIVE SOON AFTER A FIRM START. THE SENSEX MOVED IN A NARROW RANGE IN MORNING TRADE. THE MARKET EDGED LOWER AFTER MOVING BETWEEN THE POSITIVE AND NEGATIVE TERRAIN IN MID-MORNING TRADE. THE MARKET SLUMPED IN EARLY AFTERNOON TRADE AS INFLATION JUMPED. THE MARKET WEAKENED AGAIN AFTER RECOVERING SHARPLY FROM THE DAY'S LOW IN MID-AFTERNOON TRADE.

TODAY MARKET WOULD REMAIN VOLATILE AND NARROWLY RANGE BOUND. ON THE NIFTY FRONT IF NIFTY TRADES BELOW 4784 THEN LIKELY TO COME DOWN TO 4740 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 4704 WHERE IT IS CONSIDERED AS A MINOR SUPPORT, IF THIS SUPPORT IS BROKEN AND CLOSED BELOW THIS LEVEL THEN ONE CAN SEE NIFTY TO COME DOWN TO NEW LOWS OF THE YEAR, ONE CAN EXPECT NIFTY TO COME DOWN BY ANOTHER 200 TO 300 POINTS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 4820 THEN ONE CAN TAKE LONG FOR A TARGET OF 4865 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 4909 CLOSE ABOVE 4944 IS CONSIDERED TO BE POSITIVE ON CHARTS UNTIL THEN NIFTY CAN BE CONSIDERED TO BE NEGATIVE. ONE IS ADVISED NOT TO GO LONG WITH ALL THE CAPITAL ONE HAS, IT IS ADVISED TO JUST INVEST ONLY 25% OF THE CAPITAL AND TRY TO TRADE ONLY ON INTRADAY BASIS.

SELL STERLITE SL 749.6 TGT 738/732/726
BUY JINDAL STEEL AND POWER SL 629 TGT 638/644/650
BUY JSW STEEL SL 999 TGT 1019/1026/1037
BUY POLARIS SL 162 TGT 171/174
BUY UNITECH SL 72 TGT 77/78
BUY GTLINFRA SL 41.5 TGT 43/44/45
POSITIONAL CALLS
BUY SONA KOYA STEERING @ 16 TGT 24/32/40

INTRADAY TIPS FOR 15 FEBRUARY 2010

GOOD MORNING!!!

ON THURSDAY KEY BENCHMARK SURGED AS FIRM ASIAN STOCKS AND GAINS IN US INDEX FUTURES BOOSTED SENTIMENT. THE GOVERNMENT'S DECISION TO EASE FOREIGN INVESTMENT RULES ALSO UNDERPINNED SENTIMENT. METAL, REALTY, AUTO AND BANKING STOCKS VAULTED. THE MARKET BREADTH WAS STRONG. THE MARKET PARED GAINS IN EARLY AFTERNOON TRADE AFTER A ROUSING START TRIGGERED BY FIRM ASIAN STOCKS. HOWEVER, BUYING AT LOWER LEVELS ONCE AGAIN PROPELLED STOCKS HIGHER IN AFTERNOON TRADE. EXPORTS IN JANUARY ROSE 11.5% TO $14.3 BILLION, FOREIGN DIRECT INVESTMENT IN DECEMBER WENT UP AN ANNUAL 13% TO $1.5 BILLION. THE UNION CABINET TODAY EASED FOREIGN INVESTMENT RULES. FOREIGN INVESTMENT PROMOTION BOARD (FIPB) CAN APPROVE INVESTMENTS OF UP TO RS 1200 CRORE, MEANWHILE, THE DATA RELEASED BY THE GOVERNMENT TODAY SHOWED THAT ANNUAL FOOD INFLATION ROSE FOR THE THIRD STRAIGHT WEEK. THE FOOD PRICE INDEX ROSE 17.94% IN THE 12 MONTHS TO 30 JANUARY 2010, HIGHER THAN AN ANNUAL RISE OF 17.56% IN THE PREVIOUS WEEK. THE FUEL PRICE INDEX ROSE 10.44 % AND PRIMARY ARTICLES PRICE INDEX ROSE 15.75 %. SHARES OF FIRMS WHOSE FORTUNES ARE LINKED TO ORDERS FROM INDIAN RAILWAYS ROSE CONTAINER CORPORATION OF INDIA, BEML, KALINDEE RAIL NIRMAN, STONE INDIA, TEXMACO AND TITAGARH WAGONS ROSE BY BETWEEN 2.27% TO 16.19%.
TODAY MARKETS MAY OPEN FLAT AND RANGE BOUND. IF NIFTY TRADES ABOVE 4865 THEN LIKELY TO GO UP TO 4909 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 4944 WHICH IS CONSIDERED TO BE VERY CRUCIAL LEVEL FOR THE MARKET TO TURN BULLISH ANY CLOSE ABOVE 4944 IS CONSIDERED TO BE BULLISH ONE IS ADVISED TO STAY IN THE MARKET ON INTRADAY TERMS AND NOT TO INVEST MORE THAN 30% OF THEIR CAPITAL AS MARKET HAS GOOD DOWNSIDE REMAINING. NEGATIVE SIDE IN THE MARKETS ON INTRADAY BASIS IF NIFTY TRADES BELOW 4825 THEN LIKELY TO SEE NIFTY TO 4783 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 4740 AND ANY CLOSING BELOW 4740 IS CONSIDERED TO BE A VERY WEAK. WE MAY HAVE GOOD NUMBER OF BAD NEWS COMING IN THE BUDGET SO ONE IS ADVISED NOT TO FOLLOW THIS UPSIDE MOVE ON POSITIONAL TERMS AS THIS MAY NOT LAST LONGER AND LIKELY TO DRAG NIFTY TO 4400 LEVELS IN A VERY SHORT TERM
BUY TITAGARH WAGONS SL 454 TGT 474/488/500
BUY HINDOIL EXPLORATION SL 263 TGT 284/294/300
BUY RPOWER SL 139 TGT 145/147
BUY IBREAL SL 172 TGT 183/186/189

POSITIONAL TRADES
BUY KAUSHALYA INFRA @ 22.45 TGT 29
BUY KIRLOSKAR FERROUS INDS@ 31.4 TGT 40
BUY ELECTROSTEEL CASTINGS @45.55 TGT 57
BUY RENAISSANCE JEWELLERY LTD @ 67.85 TGT 85
BUY HARRISON MALAYALAM @112.75 TGT 170 SL 96

INTRADAY TIPS FOR 11 FEBRUARY 2010

GOOD MORNING!!!

MARKETS CAME OFF FROM THE PSYCHOLOGICAL 16000 MARK IN A VERY VOLATILE SESSION YESTERDAY WITH BANKING, CAPITAL GOODS, FMCG, HEALTHCARE AND POWER STOCKS FELL. THE MARKET BREADTH TURNED NEGATIVE IN CONTRAST TO A STRONG BREADTH EARLIER IN THE DAY. FOREIGN FUNDS HAVE PRESSED HEAVY SALES OF INDIAN STOCKS IN EARLY 2010. AS PER DATA FROM THE STOCK EXCHANGES, FOREIGN INSTITUTIONAL INVESTORS (FIIS) SOLD STOCKS WORTH A NET RS 11141.63 CRORE IN CALENDAR 2010 SO FAR (TILL TUESDAY, 9 FEBRUARY 2010). IN CONTRAST, DOMESTIC INSTITUTIONAL INVESTORS (DIIS) HAVE BOUGHT EQUITIES WORTH A NET RS 14687.43 CRORE THIS YEAR SO FAR. COMING BACK TO TODAY'S TRADE AND THE MARKET WAS EXTREMELY VOLATILE. THE MARKET PARED GAINS SOON AFTER A FIRM START TRIGGERED BY HIGHER ASIAN STOCKS. THE MARKET SLIPPED INTO THE RED IN EARLY TRADE AS US INDEX FUTURES FELL. THE MARKET CUT LOSSES IN MORNING TRADE. IT MOVED BETWEEN THE POSITIVE AND NEGATIVE TERRAIN AFTER RECOVERING SHARPLY FROM THE INTRADAY LOWS IN MID-MORNING TRADE. THE MARKET ONCE AGAIN CUT LOSSES AFTER WEAKENING IN EARLY AFTERNOON TRADE. THE MARKET REGAINED POSITIVE ZONE IN AFTERNOON TRADE. IT REVERSED GAINS TO HIT FRESH INTRADAY LOW IN LATE TRADE. INDUSTRIAL OUTPUT DATA FOR THE MONTH OF DECEMBER 2009 WHICH IS DUE ON FRIDAY, 12 FEBRUARY 2010, IS EXPECTED TO RISE 12% IN DECEMBER 2009 FROM A YEAR EARLIER. A ROBUST FIGURE, AHEAD OF THE 26 FEBRUARY 2010 ANNUAL BUDGET, WOULD ALSO ALLOW THE FEDERAL GOVERNMENT, FIGHTING A 16-YEAR HIGH FISCAL DEFICIT, TO CUT THE DEFICIT BY PHASING OUT FISCAL STIMULUS. A STRONG RISE WOULD ALSO HELP THE CENTRAL BANK TO FOCUS BETTER ON CONTAINING INFLATION BY RAISING INTEREST RATES IN COMING MONTHS. THE INDUSTRIAL OUTPUT ROSE 11.7% IN NOVEMBER 2009.

TODAY MARKETS LOOK VOLATILE. MARKETS ARE VERY NARROWLY RANGE BOUND TILL THE LEVELS ON THE INDICES MENTIONED BELOW BREACHES. THE TREND ON THE NIFTY FOR INTRADAY IS DECIDED ONLY IF THE FOLLOWING LEVELS IN NIFTY ARE BREACHED. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4740 THEN LIKELY TO SEE A DIP TILL 4702 AND BREACH BELOW THIS LEVEL WOULD DRAG NIFTY TO 4620 LEVELS IN NIFTY IN A VERY SHORT TIME. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 4768 THEN LIKELY TO SEE 4824 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 4865. NIFTY HAS LOT OF WEAKNESS AND ON A BEARISH OUTLOOK SO ONE IS ADVISED TO TRADE LESS AND AVOID TAKING LONGS IF IT IS BELOW 4768 AND TAKE A SHORT POSITION IN A WEAK STOCK AND LONG POSIITON IN STRONG STOCK.
POSITIVE STOCKS ARE MCDOWEL, HEROHONA, JP, GRASIM BUY THEM WHEN MARKET OPENS AS MARKET LOOKS POSITIVE ON THE OPENING AND TAKE THE BELOW RECOMMENDATIONS ONLY IF THE STOCK TRADES IN THE NEGATIVE ZONES UNTIL THEN PLEASE AVOID SHORTING.
BUY NEYVELLIGNITE SL 150.7 TGT 154/156/159
ALL SELL CALLS TO BE INITIATED ONLY BELOW CLOSING PRICE
SELL TATASTEELSL 529 TGT 512/504
SELL ICICI SL 806 TGT 794/787/779
SELL DLF SL 306 TGT 296/291
SELL PNB SL 876 TGT 857/850/845
SELL TATAPOWER SL 1281 TGT 1252/1246/1241
SELL SUNPHARMA SL 1515.1 TGT 1487/1471/1465

INTRADAY TIPS FOR 10 FEBRUARY 2010

GOOD MORNING!!!

THE KEY BENCHMARK INDICES LOGGED DECENT GAINS IN WHAT WAS A CHOPPY TRADING SESSION. AFTER SUFFERING AN INITIAL SETBACK, THE MARKET STAGED A COMEBACK AS ASIAN STOCKS AND US INDEX FUTURES ROSE, SENSEX REGAINED THE PSYCHOLOGICAL 16,000 MARK. THE MARKET BREADTH WAS POSITIVE. PSU, POWER, TELECOM AND INFRASTRUCTURE STOCKS GAINED ON FRESH BUYING. CEMENT STOCKS SURGED ON REPORTS CEMENT MAKERS HAVE RAISED PRICES EFFECTIVE FROM 1 FEBRUARY 2010. IT STOCKS GAINED ON BARGAIN HUNTING AFTER A RECENT FALL. BUT RATE SENSITIVE REALTY SHARES DECLINED ON FEARS A HIKE IN INTEREST RATE FOLLOWING INFLATIONARY PRESSURES IN THE DOMESTIC ECONOMY. AUTO PIVOTALS ALSO DECLINED. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL) RECOVERED FROM DAY'S LOW THE MARKET WAS VOLATILE. EQUITIES HAD A DULL START AFTER THE US MARKETS SUFFERED A SEVERE SETBACK ON MONDAY WITH THE DOW SLIDING BELOW THE 10,000 MARK. RISING FEARS OF POSSIBILITY THAT THE GOVERNMENT MAY START TO UNWIND ITS FISCAL STIMULUS IN THE FORTHCOMING BUDGET. THE MARKET STAGED A STRONG INTRADAY REBOUND IN MORNING TRADE AS ASIAN STOCKS ROSE.

TODAY NIFTY WOULD OPEN GAP UP AND NIFTY WOULD BE ON THE POSITIVE BIAS. TODAY IT WILL OPEN GAP UP AND TRADE ABOVE 4825 WOULD TAKE NIFTY TO 4865 AND ANY TRADE ABOVE 4865 AND TRADE ABOVE THIS POINT WOULD LEAD NIFTY TO 4909 LEVELS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4740 THEN LIKELY TO SEE A DIP TILL 4718 AND BREAK BELOW THIS LEVEL MAY TOUCH 4700 BUT BREAK BELOW THIS LEVEL IS CONSIDERED TO BE WEAK AND CAN DRAG NIFTY TO NEW LOWS.

BUY RELIANCE INFRA SL 1049 TGT 1061/1077/1089
BUY LITL SL 48.4 TGT 51/53
BUY RPOWER SL 141.7 TGT 145/147
BUY GRASIM SL 2665 TGT 2690/2715/2730
BUY ICICI BANK SL 804 TGT 824/836/844

INTRADAY TIPS FOR 10 FEBRUARY 2010

GOOD MORNING!!!

THE KEY BENCHMARK INDICES LOGGED DECENT GAINS IN WHAT WAS A CHOPPY TRADING SESSION. AFTER SUFFERING AN INITIAL SETBACK, THE MARKET STAGED A COMEBACK AS ASIAN STOCKS AND US INDEX FUTURES ROSE, SENSEX REGAINED THE PSYCHOLOGICAL 16,000 MARK. THE MARKET BREADTH WAS POSITIVE. PSU, POWER, TELECOM AND INFRASTRUCTURE STOCKS GAINED ON FRESH BUYING. CEMENT STOCKS SURGED ON REPORTS CEMENT MAKERS HAVE RAISED PRICES EFFECTIVE FROM 1 FEBRUARY 2010. IT STOCKS GAINED ON BARGAIN HUNTING AFTER A RECENT FALL. BUT RATE SENSITIVE REALTY SHARES DECLINED ON FEARS A HIKE IN INTEREST RATE FOLLOWING INFLATIONARY PRESSURES IN THE DOMESTIC ECONOMY. AUTO PIVOTALS ALSO DECLINED. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL) RECOVERED FROM DAY'S LOW THE MARKET WAS VOLATILE. EQUITIES HAD A DULL START AFTER THE US MARKETS SUFFERED A SEVERE SETBACK ON MONDAY WITH THE DOW SLIDING BELOW THE 10,000 MARK. RISING FEARS OF POSSIBILITY THAT THE GOVERNMENT MAY START TO UNWIND ITS FISCAL STIMULUS IN THE FORTHCOMING BUDGET. THE MARKET STAGED A STRONG INTRADAY REBOUND IN MORNING TRADE AS ASIAN STOCKS ROSE.

TODAY NIFTY WOULD OPEN GAP UP AND NIFTY WOULD BE ON THE POSITIVE BIAS. TODAY IT WILL OPEN GAP UP AND TRADE ABOVE 4825 WOULD TAKE NIFTY TO 4865 AND ANY TRADE ABOVE 4865 AND TRADE ABOVE THIS POINT WOULD LEAD NIFTY TO 4909 LEVELS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4740 THEN LIKELY TO SEE A DIP TILL 4718 AND BREAK BELOW THIS LEVEL MAY TOUCH 4700 BUT BREAK BELOW THIS LEVEL IS CONSIDERED TO BE WEAK AND CAN DRAG NIFTY TO NEW LOWS.

BUY RELIANCE INFRA SL 1049 TGT 1061/1077/1089
BUY LITL SL 48.4 TGT 51/53
BUY RPOWER SL 141.7 TGT 145/147
BUY GRASIM SL 2665 TGT 2690/2715/2730
BUY ICICI BANK SL 804 TGT 824/836/844

INTRADAY TIPS FOR 09 FEBRUARY 2010

GOOD MORNING!!!

KEY BENCHMARK INDICES RECOVERED SMARTLY TO STRIKE A DAY'S HIGH IN MID-AFTERNOON TRADE AS HEAVYWEIGHTS STOCKS STAGED A SOLD RECOVERY FROM EARLY LOWS. UPBEAT START FROM EUROPEAN MARKETS ALSO LIFTED SENTIMENT. RISING FEARS OF POSSIBILITY THAT THE GOVERNMENT MAY START TO UNWIND ITS FISCAL STIMULUS IN THE FORTHCOMING BUDGET TRIGGERED A SELL-OFF ON THE BOURSES IN MID-MORNING TRADE. MOREOVER THE RECENT EUROPEAN FISCAL WOES, RISING US JOBLESS CLAIMS AND CHINA HOLDING BACK THE BANK LENDING ALSO PLAYED THE SPOILSPORT. THE MARKET BREADTH WAS TURNED POSITIVE IN VOLATILE TRADE. IT STOCKS PLAYED THE LEAD ROLE IN THE RECOVERY BOOSTED BY WEAK RUPEE. HOWEVER, METAL PIVOTALS REMAINED SUBDUED AS METAL PRICES FELL ON THE LONDON METAL EXCHANGE ON FRIDAY. TELECOM STOCKS ADVANCED ON BARGAIN HUNTING. RATE SENSITIVE BANKING SHARES RECOVERED FROM DAY'S LOW. INDEX HEAVYWEIGHT ALSO STAGED A SHARP RECOVERY ON BARGAIN HUNTING.

TODAY NIFTY MAY OPEN FLAT BUT LOOKS TO BE POSITIVE ON CHARTS ON THE STRONG RECOVERY ON HEAVY VOLUMES LAST DAY BUT THE ONLY CONCERN IN TODAYS MARKET IS NEGATIVE GLOBAL CUES. IF NIFTY TRADES ABOVE 4783 THEN NIFTY MAY HEAD TOWARDS 4825 AND TRADE ABOVE THIS LEVEL WOULD TAKE NIFTY TO 4865 AND ANY TRADE ABOVE 4865 WOULD LEAD NIFTY 4909 LEVELS ANY CLOSING ABOVE 4825 IS CONSIDERED TO BE A GOOD CLOSE AND ONE CAN INITIATE A BUY AT THIS LEVEL IN SMALL QUANTITIES. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4954 THEN LIKELY TO SEE A DIP TILL 4718 AND BREAK BELOW THIS LEVEL MAY TOUCH 4700 BUT BREAK BELOW THIS LEVEL IS CONSIDERED TO BE WEAK AND CAN DRAG NIFTY TO NEW LOWS.
BUY CHAMBAL SL 70.6 TGT 73/74/75
BUY CHENNAI PETRO SL 232 TGT 243/245/248
BUY GTOFFSHORE SL 424 TGT 430/436/444
BUY JINDAL SAW SL 190.6 TGT 193/195/198
BUY SYNDICATE BANK SL 83 TGT 84.6/85.7/87.4
SELL GLAXO SL 1540 TGT 1512/1502/1492

INTRADAY TIPS FOR 08 FEBRUARY 2010

GOOD MORNING!!!

THE KEY BENCHMARK INDICES JUMPED DURING THE 90-MINUTES SPECIAL TRADING SESSION HELD TO ENABLE THE NATIONAL STOCK EXCHANGE TEST AN UPGRADED TRADING SYSTEM. BOTH THE INDICES SURGED ON TRACKING A STRONG INTRADAY REBOUND OF US STOCKS ON THE PREVIOUS DAY EVEN AFTER WEAK CLOSING ON THE PREVIOUS DAY. METAL, REALTY, INFRASTRUCTURE, IT, AUTO AND BANKING STOCKS GAINED. ALL THE SECTORAL INDICES ON WERE IN THE GREEN. THE MARKET BREADTH WAS STRONG. INDIAN STOCK TUMBLED OVER THE PAST FEW WEEKS AS STOCKS FELL WORLDWIDE. FROM A RECENT HIGH OF 17686.24 ON 5 JANUARY 2010, THE SENSEX TANKED 1895.31 POINTS OR 10.71% TO SETTLE AT 15790.93 ON FRIDAY, 5 FEBRUARY 2010 AND NIFTY TANKED FROM 5295 TO 4687 WHICH IS AROUND 608 POINTS OR 11.50%.
TODAY NIFTY LOOKS RANGE BOUND. IF NIFTY TRADES ABOVE 4770 THEN LIKELY TO HEAD TOWARDS 4805 LEVELS AND TRADE ABOVE 4805 LIKELY TO TAKE NIFTY TO 4845 LEVELS AND ANY CLOSE ABOVE 4845 IS A GOOD CLOSING. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4725 THEN LIKELY TO TAKE NIFTY TO 4700 AND TRADE BELOW THIS LEVEL WOULD TAKE NIFTY 4655 AND THEN TO 4573 ANY CLOSING BELOW 4700 WOULD TAKE NIFTY TO 4573.
ADANI POWER 104.90 TGT 160 SL 90
SPICE JET SL 55 TGT 62/64
INDRAPRASHTHA GAS SL 225 TGT 247/254/265
POSITIONAL TRADES
TOURISM FINANCE CORP 26.1 TGT 33
GATI 55.55 TGT 70
USHA MARTIN 79.45 TGT 100
SHRENUJ & COMPANY 39.85 TGT 50
ROHIT FERRO TECH LTD 39.1 TGT 49

INTRADAY TIPS FOR 05 FEBRUARY 2010

GOOD MORNING!!!

FRESH SELLING IN EARLY AFTERNOON TRADE HALTED AN INTRADAY RECOVERY ON THE BOURSES. ASIAN STOCKS WERE WEAK AS INVESTORS ADOPTED A CAUTIOUS STANCE AHEAD OF THE INFLUENTIAL US JOBS REPORT FRIDAY. FOOD INFLATION ROSE TO 17.56% IN THE WEEK ENDED 23 JANUARY 2010 FROM 17.40% IN THE PREVIOUS WEEK. THE FUEL PRICE INDEX ROSE 5.88% AND THE PRIMARY ARTICLES INDEX JUMPED 14.56%. THE MARKET BREADTH WAS POSITIVE AFTER SWINGING BETWEEN POSITIVE AND NEGATIVE ZONE. REALTY SHARES DECLINED ON SELLING PRESSURE. AUTO STOCKS DECLINED ON FEARS A HIKE IN FUEL PRICE MAY CRIMP DEMAND. IT PIVOTALS DECLINED AFTER A REPORT SHOWED THE US SERVICES INDUSTRY EXPANDED LESS THAN FORECAST. TELECOM STOCKS DECLINED ON REPORTS THE 3G AUCTIONS WILL BE DELAYED. METAL STOCKS, TOO, EDGED LOWER AS METAL PRICES FELL ON THE LONDON METAL EXCHANGE

TODAY MARKETS LOOK WEAK BREAK BELOW 4805 WOULD TAKE NIFTY TO 4741 AND BELOW THIS LEVEL NIFTY WOULD HEAD TOWARDS 4700 AND BREAK BELOW THIS WOULD LEAD NIFTY TO 4625 IN SHORT TERM. IF NIFTY CLOSES BELOW 4805 IT IS CONSIDERED TO BE A WEAK CLOSING. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 4873 THEN WE MAY SEE SOME PULL BACK IN FORM OF RETRACEMENT BUT BUYING IS PREFERRED ONLY ABOVE 4944 UNTIL THEN IT IS TIME TO JUST STAY AWAY AND INVESTOR TO BUY ONLY STOCK SPECIFIC COUNTERS RECOMMENDED.

NO CALLS FOR THE DAY

INTRADAY TIPS FOR 04 FEBRUARY 2010

GOOD MORNING!!!

THE KEY BENCHMARK INDICES SURGED ON FIRM GLOBAL STOCKS BOOSTED INVESTOR SENTIMENT. METAL, CONSUMER DURABLES, REALTY, BANKING AND CAPITAL GOODS STOCKS ROSE. THE MARKET BREADTH WAS STRONG. ALL THE SECTORAL INDICES WERE IN THE GREEN. MARKET WAS UNIDIRECTIONAL THROUGH OUT THE DAY WITH INDICES HEADING TOWARDS HIGHER HIGHS ALL IN ALL IT WAS A VERY GOOD DAY FOR THE MARKETS WITH FRONT END STOCKS SHOWING GREAT BOUNCE FROM A VERY WEAK POSITION ON THE PREVIOUS DAY CLOSE.

TODAY MARKETS LOOKS OPEN NEGATIVE AS ASIAN AND GLOBAL CUES HAVE SHOWN WEAKNESS. IF NIFTY TRADES BELOW 4920 THEN LIKELY TO SEE 4889 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 4844 AND ANY BREAK BELOW THIS POINT WOULD TAKE NIFTY TO 4805 LEVELS. IF NIFTY TRADES ABOVE 4944 WE MAY NOT LIKELY TO INCH LOWER. TODAY IF NIFTY TRADES ABOVE 4944 THEN WE ARE LIKELY TO HEAD TOWARDS 4996 AND ANY BREAK ABOVE THIS POINT IS CONSIDERED TO BE VERY BULLISH AND WE MAY HEAD TOWARDS 5052 AND THEN MUCH HIGHER. ONE IS ADVISED NOT TO GO LONG IN MANY COUNTERS BELOW 4944 AND DON’T UTILISE ALL YOUR CAPITAL AS MARKET, WHEN DECLINES CAN GO TO MUCH LOWER LEVELS THAN ANTICIPATED SO BETTER TO STAY INVESTED NOT MORE THAN 40 TO 50% OF THE CAPITAL, THIS IS THE STAGE WHERE ONE CAN THINK OF EXITING AND DILUTING YOUR POSITIONS IF MARKET REMAINS BELOW 4944 AND KEEP CASH IN HAND TO BUY AT LOWER LEVELS ONLY ABOVE 4944 HOLD POSITIONS ELSE DON’T HOLD MORE THAN 40 TO 50% OF YOUR CAPITAL. CEMENTS MAY SHOW STRENGTH ON GOOD SALES. BUY THE BELOW RECOMMENDATIONS ONLY WHEN THE STOCKS ARE TRADING ABOVE CLOSING PRICE.

BUY MCDOWELL SL 1277 TGT 1318/1328/1349
BUY JSW ENERGY SL 103 TGT 114/119
BUY IBREAL SL 170 TGT 184/190
BUY SAIL SL 214 TGT 224/227
POSITIONAL TRADES
BUY PRAKASH INDS TGT 235/270
BUY JK TYRE TGT 205/244
BUY ABG SHIPYARD TGT 360/395/452
BUY KABRA EXTRUSION TGT 231/310/355
BUY TITAN TGT 1967/2500
BUY HIND COPPER TGT 761/901

INTRADAY TIPS FOR 03 FEBRUARY 2010

GOOD MORNING!!!

INDICES EXTENDED LOSSES TO FRESH INTRADAY LOW IN LATE TRADE AFTER A GOOD START AT THE MARKETS. POWER, REALTY, METAL, AUTO, CAPITAL GOODS AND BANKING STOCKS FELL. THE MARKET BREADTH TURNED WEAK IN CONTRAST TO A STRONG BREADTH EARLIER IN THE DAY. WITH THE KICKSTART OF NTPC FUND RAISING EXERCISE IT IS EXPECTED TO SUCK AWAY THE LIQUIDITY FROM THE SECONDARY MARKETS LEADING SOME DECLINE IN THE MARKET.
TODAY NIFTY MAY OPEN NEGATIVE BUT MAY NOT DECLINE MUCH WITH THE SUPPORT FORM GLOBAL CUES AND ASIAN MARKETS TRADING HIGHER AFTER THE INITIAL DECLINE IN THE MARKETS NIFTY MAY TAKE A STRONG SUPPORT AT 4778 IF THIS LEVEL IS NOT SUSTAINED THEN WE WILL SEE NIFTY TO NOSE DIVE TO 4709 WHICH IS A MINOR SUPPORT BREAK BELOW THIS LEVEL WOULD LEAD NIFTY TO 4573 SO ONE HAS TO PLAY VERY CAUTIOUSLY ON THE TECHNICAL FRONT AS THESE LEVELS ARE VERY CRUCIAL. IF NIFTY TRADES ABOVE 4805 THEN WE MAY SEE NIFTY TO MOVE UP TO 4847 AND ABOVE THAT LEVEL WE MAY SEE NIFTY TO HIT 4889 BUT BE CAUTIOUS AS MARKETS ARE IN SELLING ZONE. WE EXPECT A PRE BUDGET RALLY AFTER THIS RETRACEMENT
SELL RELCAP SL 771 TGT 761/755/747
SELL M&M SL 1028 TGT 1006/996/987
SELL ABAN SL 1171 TGT 1145/1130/1116
POSITIONAL TRADES
BUY THINK SOFT TGT 612/850
BUY MUNDRAPORT 714 *
BUY MPHASIS TGT 1031/1281
BUY INGARSHI MOTORS TGT 100%/200%/500% LONG TERM 1000%
BUY BHARTISHIP 359/446
NOTE: POSITIONAL CALLS ONE SHOULD BUY IN SMALL QUANTITIES EXCEPT FOR INGARSHI MOTORS.

INTRADAY TIPS FOR 02 FEBRUARY 2010

GOOD MORNING!!!

KEY INDICES PROVISIONALLY CLOSED WITH SMALL GAINS AFTER A STRONG INTRADAY REBOUND TRIGGERED BY UPBEAT ECONOMIC DATA AND HIGHER MONTHLY SALES FIGURES FROM TWO AUTO MAJORS MARUTI SUZUKI AND MAHINDRA & MAHINDRA. THE LATEST DATA SHOWED THE MANUFACTURING SECTOR GREW AT ITS FASTEST PACE IN ALMOST 1-1/2 YEARS IN JANUARY 2010. A RECOVERY IN EUROPEAN AND ASIAN STOCKS AND HIGHER US INDEX FUTURES, ALSO SUPPORTED DOMESTIC BOURSES. ALL IN ALL IT WAS A RECOVERY IN THE MARKET WITH GOOD VOLUMES.
TODAY NIFTY MAY OPEN POSITIVE AND TRADE HIGHER WITH GLOBAL CUES BEING POSITIVE ALL AROUND WE MAY SEE SOME TRIGGERS ON THE ABOVE LINES AND NIFTY MAY OPEN GAP UP. IF NIFTY TRADES ABOVE 4914 THEN LIKELY TO SEE NIFTY TO MOVE UP TO 4952 AND BREAK ABOVE THIS POINT WOULD TAKE IT TO 5014. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4889 THEN LIKELY TO DRIFT DOWN TO 4847 AND BREAK BELOW THIS LEVEL WOULD TAKE IT TO 4805. UNLESS 4800 IS BROKEN AVOID SHORTING.
BUY SIEMENS SL 649 TGT 664/675/681
BUY JINDALSTEEL SL 648 TGT 660/673/681
BUY BHUSHAN STEEL SL 1574 TGT 1420/1434/1450
BUY ATLANTA SL 199 TGT 207/214/224*
BUY KRBL SL 229 TGT 240/247/254*
BUY SURYA PHARMA SL 159 TGT 173/182/194*

NOTE: * MARKED ONE CAN EVEN HOLD FOR DELIVERY FOR MUCH HIGHER TGTS
POSITIONAL TRADES
MM FORGINS TGT 100%/150%/200%
NELCAST TGT 100%/150%/200%

INTRADAY TIPS FOR 01 FEBRUARY 2010

GOOD MORNING!!!

STRONG INTRADAY REBOUND ON GOOD VOLUMES WAS WITNESSED AS EUROPEAN STOCKS AND US INDEX FUTURES ROSE. INVESTORS ALSO HEAVED A SIGH OF RELIEF AS THE CENTRAL BANK KEPT KEY INTEREST RATES UNCHANGED AT A QUARTERLY POLICY REVIEW. BANKING, REALTY AND CAPITAL GOODS STOCKS GAINED. FMCG AND METALS WERE THE LOOSERS. INTRADAY VOLATILITY ON THE INDICES WAS TOO HIGH. AFTER THE RBI ANNOUNCEMENT OF THE CRR HIKE OF 75 BASIS POINTS MARKET SLIPPED NEW INTRADAY LOW AND ALSO BREACHED THE PSYCHOLOGICAL MARK OF 4800 IN NIFTY BUT RECOVERED ON GOOD VOLUMES AS THE KEY RATES WERE KEPT UNCHANGED. THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET, TURNED POSITIVE.
TODAY NIFTY MAY OPEN NEGATIVE BUT MAY NOT REMAIN IN THE NEGATIVE TERITORRY FOR LONGER PERIOD. TODAY IF NIFTY TRADES BELOW 4840 THEN LIKELY TO SEE NIFTY TO SLIDE DOWN TO 4805 AND ANY BREAK BELOW THIS POINT WILL WEAKEN THE MARKETS AND MAY SLIDE TO MUCH LOWER LEVELS, AND ON THE UPSIDE IF NIFTY TRADES ABOVE 4881 THEN LIKELY TO MOVE UP TO 4929 AND TRADE ABOVE THIS POINT IS LIKELY TO TAKE NIFTY TO HIGHER LEVELS AND 4944 IS A POINT WHERE ONE HAS TO WATCH FOR AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5052 ANY CLOSE ABOVE 4929 IS CONSIDERED TO BE BULLISH ONE CAN TAKE FEW LONG POSITIONS ON THE STRONG SCRIPS. ONE CAN BUY BELOW BUY RECOMMENDATION WHEN MARKET SLIDES INITIALLY WITH STRICT STOPLOSS AND EVEN IF THE SCRIP TRADES ABOVE STOPLOSS AFTER HITTING ONE CAN INITIATE LONGS WITH THE SAME STOPLOSS.

BUY BHEL SL 2363 TGT 2414/2428/2445
BUY CHENNAI PETRO SL 229 TGT 241/245/249
BUY HDFC SL 2365 TGT 2417/2430/2483
BUY ICICI SL 804 TGT 844/854
BUY IFCI SL 50.85 TGT 53/54.1/55
BUY SIEMENS SL 621 TGT 657/665/673
BUY UCO BANK SL TGT 62/63/64.9
SELL OPTOCIRCUITS SL 225 TGT 208/200/193
POSITIONAL CALLS
BUY INOX TGT 93
BUY JAYASWAL NECO TGT 39
BUY GABRIEL INDIA TGT 42
BUY HANUNG TOYS TGT 175*