INTRADAY TIPS FOR 31 MARCH 2010

GOOD MORNING!!!

THE MARKET EDGED HIGHER IN EARLY TRADE ON FIRM ASIAN STOCKS. IT REMAINED RANGE-BOUND LATER. THE MARKET SLIPPED INTO THE RED IN MORNING TRADE. IT CAME OFF THE LOWER LEVEL IN MID-MORNING TRADE, REGAINING POSITIVE ZONE. THE MARKET ONCE AGAIN MOVED IN A NARROW RANGE IN EARLY AFTERNOON TRADE. THE MARKET ONCE AGAIN SLIPPED INTO THE RED IN MID-AFTERNOON TRADE. STOCKS EXTENDED LOSSES IN LATE TRADE INDICES EDGED LOWER AS PROFIT TAKING EMERGED AFTER THE MARKET SCALED TWO-YEAR HIGH. NEVERTHELESS, THE MARKET BREADTH WAS STRONG, WITH SOME SIDE COUNTERS SURGING SHARPLY. IT STOCKS FELL ON A FIRM RUPEE. BANKING AND AUTO STOCKS ALSO EDGED LOWER. BUT, REALTY STOCKS GAINED.

TODAY WE MAY SEE A NEGATIVE OPENING ON THE NIFTY. TODAY IF NIFTY TRADES BELOW 5264 THEN LIKELY TO COME DOWN TO 5236 AND BREAK BELOW THIS LEVEL WOULD TOUCH 5207 AND ANY BREAK AND CLOSE BELOW 5200 WOULD LEAD NIFTY TO 5139 LEVELS MAKING THE MARKETS WEAKER IN THE SHORT TERM. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5302 THEN LIKELY TO 5330 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5350 LEVELS AND ANY CLOSING ABOVE 5330 IS CONSIDERED TO BE VERY BULLISH AND WE MAY SEE NIFTY TO TOUCH 5400 TO 5500 LEVELS IN A VERY NEAR TERM. IF NIFTY DOESN’T BREACH 5264 LEVELS THEN LIKELY TO BOUNCE BACK AS THIS IS CRUCIAL LEVEL FOR NIFTY IN THE NEAR TERM.

BUY RPOWER SL 147 TGT 153/155/157.6
BUY MSK PROJECTS SL 159.40 TGT 168/174/182
BUY PIPAVAV SL 67 TGT 73/74/75
BUY SREI INFRA SL 73 TGT 78/80/83

INTRADAY TIPS FOR 30 MARCH 2010

GOOD MORNING!!!
INDICES HAS HIT THEIR HIGHEST LEVEL IN MORE THAN TWO YEARS ON FIRM GLOBAL INDICIES AND ON THE EXPECTATIONS OF GOOD Q4 RESULTS. THOUGH THE MARKET SPURTED AND INDICIES TRADING IN PREMIUM, THE DAY WAS RECORDED WITH LOW VOLUMES WITH MARKET BREADTH INDICATING A WEAKNESS. HEAVY BUYING IN MARKETS ARE DUE TO FOREIGN FUNDS WHO HAVE MADE HEAVY PURCHASES OF INDIAN STOCKS THIS MONTH. AS PER DATA FROM THE STOCK EXCHANGES, FOREIGN INSTITUTIONAL INVESTORS (FIIS) BOUGHT STOCKS WORTH A NET RS 12716.71 CRORE THIS MONTH, TILL 26 MARCH 2010. ALL IN ALL MARKET GAINED AROUND 20 POINTS AND FUTURES TRADING AROUND 16 POINTS PREMIUM. BANKING, METAL, CONSUMER DURABLES AND AUTO STOCKS LED THE GAINS.

TODAY MARKETS WOULD BE RANGE BOUND UNLESS AND UNTIL THE SPECIFIED LEVELS ARE BREACHED. TODAY IF NIFTY TRADES ABOVE 5325 THEN LIKELY TO TEST 5350 AND BREAK ABOVE WOULD LEAD NIFTY TO 5400 AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5266 THEN LIKELY TO COME DOWN TO 5240 AND BREAK BELOW WOULD TAKE NIFTY TO 5205 ANY CLOSE BELOW 5240 IS CONSIDERED TO BE WEAK AND WE MAY HEAD DOWNSIDE ONE CAN INITIATE SHORT BELOW 5240 ON CLOSING BASIS.
BUY LICHSG SL 875 TGT 890/895/900
BUY NAGARCONS SL 159 TGT 165/168/170
BUY HINDCONS SL 133 TGT 137/138.7/140.6

INTRADAY TIPS FOR 29 MARCH 2010

GOOD MORNING!!!
INDICES HIT THEIR HIGHEST LEVELS AFTER THE BUDGET, OUTLOOK OF MARKET LOOKS STRONG ON HEAVY BUYING FROM FIIS. WITH THE RESLUTS AHEAD MARKET LOOKS ENCOURAGING AS Q4 ADVANCED TAX FIGURES OF TOP COMPANIES INDICATED GOOD RESULTS NOT ONLY THE BUDGET BUT ALSO THE ADVANCED TAX FIGURES ALONG WITH GLOBAL CREDIT RATING AGENCY STANDARD & POORS LASK WEEK RATING FROM NEGATIVE TO STABLE ALSO BOOSTED THE SENTIMENT OF THE MARKET. METALS CONSUMER DURABLES AND AUTO STOCKS LED THE GAINS. THOUGH MARKET BREADTH REMAINS NEGATIVE MARKET HAS BREACHED ALL THE BARRIERS AND CLOSED IN A POSITIVE ZONE. THE NEXT TRIGGER FOR THE MARKET IS FORECAST OF THE SOUTHWEST MANSOON FOR 2010, GOOD RAINS AFTER THE LAST YEARS DROUGHT WILL BOOST FARM OUTPUT AND RURAL INCOMES. BUT IF MANSOON FORECAST TURNS NEGATIVE THEN IT WOULD PUT INFLATIONARY PRESSURE WHICH WILL DEFINITELY HAMPER THE CURRENT STRONG ECONOMIC REBOUNDAND WILL ALSO ADD PRESSURE ON RESERVE BANK TO INCREASE THE INTREST RATES TO CONTAIN THE INFLATION, WHICH WILL TAKE AWAY THE EXCESS LIQUIDITY FROM THE SYSTEM AND WILL ALSO LEAD TO THE SLOWDOWN.

TODAY MARKETS WOULD OPEN POSITIVE. IF NIFTY TRADES ABOVE 5300 THEN LIKELY TO MOVE UP TO 5340 AND IF NIFTY TRADES ABOVE THIS POINT THEN NIFTY LIKELY TO TEST 5400 LEVELS AND ANY CLOSE ABOVE 5350 WOULD TAKE NIFTY TO NEW HIGHS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5240 THEN LIKELY TO COME DOWN TO 5205 LEVELS AND BREAK BELOW 5200 WOULD TAKE NIFTY TO 5160 ANY CLOSE BELOW 5240 WOULD BE CONSIDERED WEAK FOR NIFTY ONE SHOULD GO SHORT ONLY BELOW 5200 AND ONE IS ADVISED TO EXIT LONGS BELOW 5240 ON CLOSING BASIS. ONE CAN HOLD THIER LONG POSITIONS AS LONG AS NIFTY IS HOLDING 5200 LEVELS, CONSERVATIVE TRADERS CAN EXIT LONG POSITIONS IF NIFTY CLOSES BELOW 5240 LEVELS.

BUY AMTEK AUTO SL 185.4 TGT 193.5/198/203
BUY BANK INDIA SL 319 TGT 327/329/332
BUY UTTAM GALVA STEEL SL 110 TGT 122/125/127
BUY EKC SL 122 TGT 125/127/129
BUY KFA SL SL 47.40 TGT 51.50/52.9/55

POSITIONAL TRADES
BUY SCI CMP 154.75 TGT 180/190/200
BUY ANSAL PROPERTIES CMP 73.45 TGT 81/84/89
BUY EXIDE CMP 116.55 TGT 125/128/136
BUY MSP STEEL & POWER CMP 36.20 TGT 44/50/59

INTRADAY TIPS FOR 26 MARCH 2010

GOOD MORNING!!!
THE MARKET RECOVERED FROM LOWER LEVEL IN EARLY TRADE. HOWEVER, THE INTRADAY RECOVERY PROVED SHORT-LIVED. THE MARKET ONCE AGAIN CAME OFF THE DAY'S HIGH LATER. IT TRIMMED LOSSES IN MID-AFTERNOON TRADE. THE MARKET SURGED IN LATE TRADE AS TRADERS ROLLED OVER POSITIONS IN THE DERIVATIVES SEGMENT FROM THE MARCH 2010 SERIES TO THE APRIL 2010 SERIES AHEAD OF THE EXPIRY AND TRACKING HIGHER EUROPEAN STOCKS AND GAINS IN US INDEX FUTURES. STOCKS ROSE FOR THE SECOND STRAIGHT DAY. BANKING, CAPITAL GOODS, FMCG AND REALTY STOCKS ROSE. THE MARKET BREADTH, INDICATING OVERALL HEALTH OF THE MARKET, TURNED NEGATIVE COMPARED TO POSITIVE BREADTH EARLIER IN THE DAY.
TODAY MARKET WOULD OPEN FLAT, IF NIFTY TRADES ABOVE 5260 THEN LIKELY TO HIT 5300 AND BREAK ABOVE 5300 IS CONSIDERED TO BE BULLISH AND WE MAY SEE IN THE NEAR TERM NIFTY HEADING TOWARDS NEW HIGHS OF THE YEAR SURPASSING THE PREVIOUS HIGHS OF THE YEAR, ANY CLOSING ABOVE 5300 IS CONSIDERED TO BE VERY BULLISH AND ONE IS ADVISED TO STAY INVESTED IF NIFTY CLOSES ABOVE 5300 AND ON THE DOWNSIDE, IF NIFTY TRADES BELOW 5236 THEN IT IS LIKELY TO COME DOWN TO 5205 AND ANY BREAK BELOW THIS POINT WOULD LEAD NIFTY TO 5150 AND CLOSING BELOW 5200 IS CONSIDERED TO BE WEAK FOR NIFTY.

BUY VALECHA ENGG SL 118 TGT 127/132/135.9
BUY WIPRO SL 717 TGT 728/735/741
BUY RPOWER SL 146 TGT 152/154/157
BUY TATASTEEL SL 634 TGT 640/642/646

INTRADAY TIPS FOR 25 MARCH 2010

GOOD MORNING!!!

THE KEY BENCHMARK INDICES SWAYED BETWEEN GAINS AND LOSSES, THE MARKET WAS VOLATILE AS TRADERS ROLLED OVER POSITIONS IN DERIVATIVES SEGMENT FROM THE MARCH 2010 SERIES TO THE APRIL 2010 SERIES AHEAD OF THE EXPIRY. THE MARKET PARED GAINS SOON AFTER AN INITIAL RALLY. THE MARKET FURTHER TRIMMED GAINS IN MORNING TRADE, AFTER MOVING A IN A NARROW RANGE IN MORNING TRADE. THE MARKET ONCE AGAIN MOVED IN A NARROW RANGE IN MID-MORNING TRADE. THE KEY BENCHMARK INDICES RECOVERED FROM LOWER LEVEL AFTER ERASING ALMOST THE ENTIRE INTRADAY GAINS. HOWEVER, THE INTRADAY RECOVERY PROVED SHORT-LIVED. THE MARKET SLIPPED INTO THE RED IN AFTERNOON TRADE. THE KEY BENCHMARK INDICES REGAINED POSITIVE ZONE IN MID-AFTERNOON TRADE. PHARMA STOCKS ROSE AND REALTY SHARES WITNESSED SELLING PRESSURE. OVERALL SENTIMENT ON SECTORIAL INDICIES WERE POSITIVE WITH NINE OUT OF 13 SECTORAL INDICES CLOSING IN GREEN. BUT, THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET, WAS NEGATIVE COMPARED WITH A STRONG BREADTH IN EARLY TRADES ON INTRADAY TERMS. ROLL-OVER IN INDIVIDUAL STOCKS, GTL, NATIONAL ALUMINUM COMPANY, RELIANCE POWER, GTL INFRASTRUCTURE, AND BHARTI AIRTEL, HAVE WITNESSED HIGH ROLLOVER. BUT ROLLOVER WAS LOW IN REC, DISH TV, ESSAR OIL, ITC AND WELSPUN-GUJARAT STAHL ROHREN TILL MONDAY. FOLLOWING THE PASSAGE OF THE LANDMARK HEALTHCARE BILL, MULTINATIONAL FIRMS MAY NOW BE WILLING TO PUT MORE MONEY TO BUY INTO INDIA'S FORMULATIONS COMPANIES. THE HEALTHCARE BILL IS THE US GOVERNMENT'S ATTEMPT TO REDUCE HEALTHCARE COSTS. THE OBAMA ADMINISTRATION WOULD MAKE A NEARLY $1-TRILLION COMMITMENT IN TAXPAYER MONEY OVER THE NEXT DECADE TO HELP AN ESTIMATED 32 MILLION UNINSURED AMERICANS GET HEALTH COVERAGE. THE BILL ALSO PROMOTES USE OF GENERIC DRUGS THAT ARE OFTEN ONE-TENTH THE PRICE OF THE ORIGINAL VERSION, BUT HAS THE SAME IMPACT. ANALYSTS OPINE THAT THIS WOULD TRANSLATE INTO HUGE OPPORTUNITIES TO INDIAN COMPANIES AS INDIA HAS THE LARGEST NUMBER OF US FOOD AND DRUG ADMINISTRATION APPROVED PHARMA PLANTS OUTSIDE THE US. INDIA WAS AMONG THE 14 COUNTRIES NAMED IN THE CONGRESS DISCUSSION THAT CAN OFFER LOW-COST DRUGS TO ACHIEVE LOWER HEALTHCARE COSTS
TODAY MARKET MAY OPEN FLAT WITH HIGH VOLATALITY ON THE FUTURES CONTRACT SETTLEMENT CLOSING FOR THE MONTH OF MARCH. TODAY IF NIFTY TRADES BELOW 5207 ONE CAN TAKE UP SHORT POSITION FOR A TARGET OF 5171 AND THEN TO 5140 AND ANY CLOSING BELOW 5200 IS CONSIDERED TO BE WEAK AND LIKELY TO TEST 5105 LEVELS TOO. ON THE UPSIDE IF NIFTY TRADES ABOVE 5261 LEVELS THEN WE MAY SEE NIFTY TO HEAD TOWARDS 5300 AND BREAK ABOVE THIS POINT WOULD LEAD NIFTY TO FURTHER NEW HIGHS OF THE YEAR AND ONE CAN REMAIN LONG IF NIFTY CLOSES ABOVE 5300. IF NIFTY CLOSES ABOVE 5261 THEN ONE IS ADVISED NOT TO STAY SHORT.

FEW POSITIVE SCRIPS: AUROBINDO PHARMA, BANK OF BARODA, LANCO INFRA, NAGARJUNA CON, PIRAMAL HEALTH, PETRONET

NEGATIVE SCRIPS: FINANTECH, IDEA, POLARIS AND SCI

BUY TATA ELXSI (I) LTD SL 329.9 TGT 348/374/400 (POSITIONAL)
BUY AGRO DUTCH INDS SL 19.9 TGT 21/21.90/22.7
BUY HANUNG SL 194 TGT 209/217/234
BUY VAKRANGEE SL 101 TGT 110/114/120
BUY CAIRN SL 288 TGT 300/305/309
APIL SL 596 TGT 614/620/628

GOOD MORNING!!!

THE MARKET CUT LOSSES AFTER A WEAK START. IT FURTHER TIMED LOSSES IN MORNING TRADE. IT EXTENDED RECOVERY IN MID-MORNING TRADE. INDICES WERE MARGINALLY LOWER IN EARLY AFTERNOON TRADE. IT WEAKENED ONCE AGAIN LATER TRACKING A SUBDUED GLOBAL INDICES. REALITY AND AUTO STOCKS FELL. WITH THE CENTRAL BANK RAISING THE REPO RATE, THE RATE AT WHICH IT LENDS TO BANKS TO 5% FROM 4.75% AND REVERSE REPO RATE, THE RATE WHICH IT ABSORBS FUNDS FROM THE SYSTEM TO 3.50% FROM 3.25% WITH IMMEDIATE EFFECT. INDIA IS THE SECOND MAJOR ECONOMY AFTER AUSTRALIA TO START RAISING INTEREST RATES WITH SIGNS OF GLOBAL RECOVERY EMERGING AND LOCAL PRICE PRESSURES PICKING UP. CHINA HAS RAISED ITS BANKS' RESERVE REQUIREMENTS BUT HAS LEFT ITS RATES UNCHANGED.

TODAY MARKET LOOKS FLAT TO POSITIVE WE MAY SEE LOT OF VOLATILITY IN THE MARKET AHEAD OF EXPIRY AS TOMORROW BEING A HOLIDAY WE MAY SEE LOT OF VOLATILITY TODAY AND DAY AFTER TOMORROW AS TRADERS ROLL OVER THEIR POSITIONS FROM THIS MONTH TO THE NEXT MONTH CONTRACT. NIFTY MAY OPEN GAP UP OF AROUND 25 POINTS AND IF NIFTY TRADES ABOVE 5232 THEN LIKELY TO MOVE AHEAD TO 5251 AND TRADE ABOVE THIS POINT WOULD LEAD NIFTY TO 5284 ANY CLOSE ABOVE 5251 IS CONSIDERED GOOD AND WE MAY SEE NIFTY TO MOVE TO NEW HIGHS OF THE YEAR. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5200 THEN LIKELY TO DRIFT DOWN TO 5150 AND BREACH BELOW THIS LEVEL WOULD TAKE NIFTY 5102 AND ANY CLOSE BELOW 5150 IS WEAK AND REVERSAL OF TREND.

BUY SPARC (SUNPHARMA ADVANCED RESEARCH CENTRE) SL 92 TGT 99/102/105
BUY PUNJLLOYD SL 174 TGT 178/180/182
BUY JSW STEEL SL 1215 TGT 1249/1259/1268

BUY CHAMBALFERT SL 61.80 TGT 63.4/64.8/65.70 (ONE CAN HOLD)

POSITIONAL CALL
BUY FORCE MOTOR SL 372 TGT 395/401/410 (POSITIONAL TGT 500)

INTRADAY TIPS FOR 22 MARCH 2010

GOOD MORNING!!!

MARKET SURGED IN THE MORNING TRADES NIFTY HITTING ITS HIGHEST LEVEL IN THE LAST TWO MONTHS AND 10 POINTS AWAY FROM THE 52 WEEK HIGH. MARKET ONCE AGAIN TRIMMED GAINS AND SURGED BACK AFTER HITTING FRESH INTRADAY LOWS. RELIANCE INDUSTRIES WAS THE KEY IN HOLDING THE MARKET ON THE POSITIVE TERRAIN. IT AND REALITY STOCKS FELL. PSU, AUTO AND CONSUMBER DURABLES STOCKS ROSE. MARKET MAY REMAIN VOLATILE IN THE NEAR TERM AS TRADERS ROLLOVER POSITIONS IN DERIVATIVES SEGMENT FROM MARCH 2010 SERIES TO APRIL 2010 SERIES AHEAD OF EXPIRY. OVERALL BREADH OF THE MARKET WAS NEGATIVE.

TODAY MARKET WOULD OPEN NEGATIVE ON REPO AND REVERSE REPO RATE HIKE BY RBI. WE MAY WITNESS A HIGH RANGE OF VOLATALITY. MARKET MAY OPEN GAP DOWN OF AROUND 100 POINTS IN NIFTY. TODAY IF NIFTY TRADES BELOW 5180 LIKELY TO DRIFT DOWN TO 5145 WHICH IS A STIFF SUPPORT AND BREAK AND CLOSE BELOW THIS LEVEL WOULD TAKE NIFTY TO 5057. ON THE POSITIVE SIDE OF NIFTY IF NIFTY TRADES ABOVE 5300 THEN LIKELY TO MOVE UP TO NEW HIGHS OF THE YEAR.

BUY WELGUJ SL 268 TGT 286/289/293 (ADVISED TO BUY WHEN MARKET OPENS NEGATIVE)
SELL HDFC SL 2721 TGT 2688/2675/2655/(POSITIONAL TGT 2592)
SELL M&M SL 1069 TGT 1060/1049/1026
POSITIONAL TRADES
BUY KOPRAN AT 28 TGT 35/42

INTRADAY TIPS FOR 19 MARCH 2010

GOOD MORNING!!!

THE KEY BENCHMARK INDICES SCALED TWO-MONTH CLOSING HIGHS AFTER GLOBAL RATING AGENCY STANDARD & POOR'S REVISED INDIA'S RATING OUTLOOK TO STABLE FROM NEGATIVE. S&P AFFIRMED LONG-TERM AND SHORT-TERM SOVEREIGN CREDIT RATINGS ON INDIA. FMCG AND CAPITAL GOODS SHARES DECLINED WHILE BANK AND METAL SHARES MOVED HIGHER. STOCKS WERE VOLATILE AS TRADERS ROLLED OVER POSITIONS IN THE DERIVATIVES SEGMENT FROM THE MARCH 2010 SERIES TO THE APRIL 2010 SERIES AHEAD OF THE EXPIRY OF THE NEAR-MONTH MARCH 2010 CONTRACTS ON THURSDAY, 25 MARCH 2010. THE SENSEX SLIPPED INTO THE RED SOON AFTER INITIAL GAINS. THE MARKET REGAINED POSITIVE ZONE SHORTLY. THE MARKET ONCE AGAIN SLIPPED INTO THE RED, WITH THE SENSEX HITTING A FRESH DAY'S LOW IN MID-MORNING TRADE. THE MARKET RECOUPED ENTIRE LOSSES LATER. HOWEVER, THE INTRADAY RECOVERY PROVED SHORT-LIVED. THE SENSEX HIT A FRESH INTRADAY LOW IN EARLY AFTERNOON TRADE. THE MARKET HIT FRESH INTRADAY LOW IN AFTERNOON TRADE AS ASIAN STOCKS FELL. THE MARKET CUT LOSSES SOON AFTER HITTING A FRESH INTRADAY LOW IN MID-AFTERNOON TRADE. THE MARKET REGAINED POSITIVE ZONE LATER. THE SENSEX SURGED TO THE DAY'S AT THE FAG END OF THE TRADING SESSION FOLLOWING THE S&P UPGRADE. THE REVISION IN OUTLOOK BY S&P REFLECTS ITS VIEW THAT INDIA'S FISCAL POSITION COULD NOW BEGIN TO RECOVER AND THAT ITS ECONOMY WILL REMAIN ON A STRONG GROWTH PATH. THE GOVERNMENT BUDGET TARGETS A GENERAL GOVERNMENT (INCLUDING CENTRAL AND STATE GOVERNMENTS) DEFICIT OF 8.3% IN THE FISCAL YEAR ENDING 31 MARCH 2011, FROM 9.8% IN THE PREVIOUS FISCAL YEAR, S&P SAID. S&P ALSO ESTIMATED THAT INDIA'S GROSS DOMESTIC PRODUCT WILL GROW 8% IN THE YEAR ENDING MARCH 31, 2011, HIGHER THAN ITS FORECAST EARLIER, ADDING INDIA'S EXTERNAL POSITION WAS RESILIENT. EVEN SO, INDIA'S RATINGS CONTINUE TO BE CONSTRAINED BY THE GOVERNMENT'S HIGH DEBT BURDEN AND DEFICIT, AS WELL AS INDIA'S WEAK FISCAL PROFILE, THE RATING AGENCY SAID.

TODAY IF NIFTY TRADES ABOVE 5250 THEN IT WILL HEAD TOWARDS 5269 BREACH ABOVE THIS POINT WOULD LEAD NIFTY TO 5295 AND ANY CLOSING ABOVE 5270 IS CONSIDERED TO BE BULLISH AND WOULD MAKE NEW HIGHS OF THE YEAR IN THE MARKET. AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5246 THEN LIKELY TO COME DOWN TO 5220 AND THEN TO 5196 ANY CLOSING BELOW 5196 IS CONSIDERED TO BE LITTLE WEAK AND ONE IS ADVISED TO EXIT SOME POSITION FOR A CLEAR TREND SO THAT ONE IS SAFER IN THE LONG TERM BUT OVERALL IF YOU LOOK AT THE MARKET IT HAS BREACHED ALL THE GOOD RESISTANCES IN THE INDICES AND IS REARING TO GO MUCH HIGHER AND NO NEGATIVE IMPACT IS VISIBLE IN THE NEAR TERM EXCEPT FOR THE RETRACEMENT IN THE MARKET, WHICH IS AGAIN CONSIDERED TO BE HEALTHY.

BUY STERLITE SL 814 TGT 834/844/853
BUY PUNJLLOYD SL 168 TGT 174/176/180

INTRADAY TIPS FOR 18 MARCH 2010

GOOD MORNING!!!

KEY INDICES CUT GAINS IN THE LATER HALF OF THE DAY AFTER HITTING THEIR HIGHEST LEVEL IN THE LAST TWO MONTHS. MARKET BREADTH TURNED WEAK IN CONTRAST TO A STRONG BREADTH EARLIER IN THE DAY. WORLD STOCKS ALSO ROSE AFTER THE US FED HELD BENCHMARK RATES NEAR ZERO AND MAINTAINED ITS PLEDGE TO KEEP THEM LOW FOR AN EXTENDED PERIOD. CAPITAL GOODS, METALS AND PHARAM STOCKS ROSE WHILE REALITY WAS WEAK. MARKETS SURGED IN EARLY TRADE TRACKING FIRM GLOBAL STOCKS THERE AFTER MOVED IN NARROW RANGE TILL AFTERNOON BEFORE IT WITNESSED A SELL OFF .
TODAY MARKET LOOKS POSITIVE AND MAY BE IN A STIFF RANGE BOUND. IF NIFTY TRADES ABOVE 5250 THEN LIKELY TO TOUCH 5300 AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5220 THEN LIKELY TO DIP DOWN TO 5200 AND THEN TO 5170 AND ANY BREAK BELOW THIS LEVEL WOULD COME DOWN TO 5140. BE CAUTIOUS IN THE MARKET AS MANY OF THE COUNTERS ARE IN OVER BUYING ZONE EVEN TO MOVE UP IT HAS TO CONSOLIDATE AT THE CURRENT LEVELS. VERY STOCK SPECIFIC MOVES WOULD BE WITNESSED IN THE MARKET ONE SHOULD EYE ON PSU COUNTERS FOR THE DAY.
BUY HINDCOPPER SL 519 TGT 545/558/570
BUY STCINDIA SL 485 TGT 505/511/515
BUY INDIAINFO SL 119 TGT 126/128/130
BUY GMDC SL 142 TGT 151/154/156
BUY JINDALSAW SL 217 TGT 221/223/225

POSITIVE OPENING COULD NOT REALLY WITHSTAND IN THE INITIAL START OF THE MARKETS, MARKETS DECLINED AFTER THE REVERSAL OF SOME ASIAN MARKETS, MARKET HOVERED BETWEEN POSITIVE AND NEGATIVE TERRAIN NEAR TO THE FLATLINE TILL MID AFTERNOON AND LATER BULLS TOOK COMPLETE CONTROL OF THE MARKET CAPTIVATING AND EDGED HIGHER GAINS AND ATTAINED THEIR HIGHEST CLOSING LEVELS IN THE NEAR TWO MONTHS PERIOD THIS RISE IS ALSO TRIGGERED BY GOOD IIP NUMBERS ALONG WITH ENCOURAGING ADVANCE TAX FIGURES INDICATEING BETTER FOURTH QUARTER RESULTS. METAL, CAPITAL GOODS, AUTO AND CONSUMER DURABLES STOCKS ROSE. RELIANCE INDUSTRIES AND L&T SURGED WHICH TOOK MARKETS TO NEW HEIGHTS. THE MARKET BREADTH WAS STRONG. THE Q4 MARCH 2010 ADVANCE TAX PAYMENT NUMBERS OF TOP INDIAN FIRMS WERE ENCOURAGING. RELIANCE INDUSTRIES HAS PAID RS 770 CRORE AS ADVANCE TAX FOR THE MARCH QUARTER COMPARED WITH RS 365 CRORE A YEAR AGO. INFOSYS' TAX OUTGO HAS DOUBLED TO RS 250 CRORE FROM RS 125 CRORE. TATA CONSULTANCY SERVICES PAID RS 178 CRORE, COMPARED FROM RS 53 CRORE EARLIER. STATE-RUN UNION BANK OF INDIA PAID RS 185 CRORE COMPARED WITH RS 253 CRORE A YEAR AGO. ICICI BANK'S Q3 ADVANCE TAX STOOD AT RS 350 CRORE VERSUS RS 250 CRORE A YEAR AGO. ASIAN PAINTS PAID RS 60 CRORE, VERSUS RS 43 CRORE YEAR EARLIER. STATE BANK OF INDIA HAS PAID RS 1857 CRORE VERSES RS 1810. HDFC PAID RS 280 CRORE, UNCHANGED FROM A YEAR EARLIER. TATA MOTORS PAID RS 115 CRORE VERSUS NIL A YEAR AGO. BANK OF BARODA PAID RS 300 CRORE VERSES RS 280. ZEE ENTERTAINMENT ENTERPRISES PAID RS 97 CRORE VERSUS RS 109. TATA STEEL PAID RS 513 CRORE VERSUS RS 406 CRORE. L&T PAID RS 270 CRORE VERSUS RS 275 CRORE. BAJAJ AUTO PAID RS 177 CRORE VERSUS RS 60 CRORE. M&M PAID RS 235 CRORE VERSUS NIL A YEAR EARLIER. CEMENT MAKER ACC PAID RS 330 CRORE COMPARED TO RS 340 CRORE A YEAR AGO. AMBUJA CEMENT PAID RS 120 CRORE, COMPARED WITH RS 125 CRORE A YEAR AGO. ADITYA BIRLA GROUP FIRM GRASIM INDUSTRIES PAID RS 216 CRORE AS ADVANCE TAX IN THE PERIOD UNDER REVIEW, AS COMPARED TO RS 65 CRORE A YEAR AGO. LIFE INSURANCE CORP OF INDIA (LIC) HAS PAID RS 864 CRORE AS ADVANCE TAX FOR THE MARCH QUARTER, COMPARED WITH RS 810 CRORE YEAR AGO.
TODAY MARKET WOULD OPEN POSITIVE AND TRADE ABOVE 5200 WOULD TAKE NIFTY TO 5230 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5250 AND ANY CLOSE ABOVE 5250 IS CONSIDERED TO BE BULLISH AND WILL GO BEYONG 52 WEEK HIGH. AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5170 THEN LIKELY TO COME DOWN TO 5140 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 5100 AND TILL NIFTY CLOSES BELOW 5100 WE CANT CONSIDERED TO BE WEAK, SO WATCH CAREFULLY.

BUY HPCL SL 329 TGT 340/344/347
BUY TATA Steel SL 624 TGT 635/639/645
BUY DLF SL 309 TGT 316/320/324

INTRADAY TIPS FOR 16 MARCH 2010

GOOD MORNING!!!
INDICES RECOVERED FROM THE DAYS LOW AND CLOSED FLAT AFTER MOVING BETWEEN THE POSITIVE AND NEGATIVE TERRAIN THROUGHOUT THE DAY. HIGHER EUROPEAN STOCKS HELPED A LATE RECOVERY ON THE DOMESTIC BOURSES. BUT THE MARKET ENDED OFF THE DAY'S HIGH AS STRONG INDUSTRIAL PRODUCTION DATA FOR JANUARY 2010 REINFORCED EXPECTATIONS OF A RATE HIKE BY THE RESERVE BANK OF INDIA. IT, REALTY AND BANKING STOCKS FELL. THE MARKET BREADTH WAS WEAK. THE MARKET WITNESSED BOUTS OF INTRADAY VOLATILITY. STOCKS PARED GAINS SOON AFTER HITTING 1-1/2 MONTH HIGHS AT THE ONSET OF THE TRADING SESSION. THE MARKET REGAINED STRENGTH IN MORNING TRADE. THE MARKET ONCE AGAIN TRIMMED GAINS IN MID-MORNING TRADE. THE MARKET MOVED BETWEEN POSITIVE AND NEGATIVE ZONE IN EARLY AFTERNOON TRADE. THE MARKET CUT LOSSES AFTER HITTING A FRESH INTRADAY LOW IN AFTERNOON TRADE. THE MARKET HIT A FRESH INTRADAY LOW IN MID-AFTERNOON TRADE. THE MARKET REGAINED POSITIVE ZONE IN LATE TRADE.
WE HAVE WITNESSED A LOT OF RANGE BOUND ACTIVITY IN THE MARKET WHICH CLEARLY INDICATES THAT THE MARKET IS WAITING FOR THE NEXT MOVE FOR A BREAK-OUT AND NOW IN THE CONSOLIDATION PHASE. MARKET HAS TO COME DOWN INORDER TO GO UP IF MARKET DOESN’T COME DOWN BEFORE GOING UP IT IS ALWAYS RISKY FOR AN INVESTOR THAT MARKET WOULD BE PRONE TO PRESSURE AT ANY TIME AND LIKELY TO GIVE UP MUCH MORE THAN ANTICIPATED ON PANIC, BUT IF MARKET CORRECTS FROM THIS POINT THEN IT WOULD GIVE A DIRECTION FOR INVESTING IN THE MARKETS. IF NIFTY TRADES BELOW 5120 THEN LIKELY TO DRIFT DOWN TO 5097 AND BREAK BELOW THIS WOULD COME DOWN TO 5060 AND ANY CLOSE BELOW THIS LEVEL WOULD BE WEAK AND CAN INITIATE SHORTS AND ON THE UPSIDE IF NIFTY TRADES ABOVE 5140 THEN WOULD GO TO 5170 AND ABOVE THAT WOULD LEAD NIFTY TO 5200 AND ANY CLOSE ABOVE 5170 WOULD DRIVE NIFTY TO 5300 LEVELS IN A VERY SHORT TIME.

NO RECOS FOR THE DAY

INTRADAY TIPS FOR 15 MARCH 2010

GOOD MORNING!!!
INDICES RECOVERD FROM DAY LOW AND CLOSED FLAT AFTER A HIGHLY VOLATILE SESSION, EUROPEN STOCKS HELPED RECOVERY IN THE SECOND HALF, THOUGH INDUSTRIAL PRODUCTION DATA WAS STRONG EXPECTATIONS OF RATE HIKE BY RESERVE BANK OF INDIA HAS PUT MARKET SUBDUED AT THE END. IT, REALITY AND BANKING STOCKS FELL AND OVERALL BREADTH OF THE MARKET REMAINED WEAK. INDUSTRIAL OUTPUT ROSE A ROBUST 16.7% IN JANUARY 2010 FROM A YEAR EARLIER, SLIGHTLY STRONGER THAN MARKET EXPECTATIONS AIDED BY STIMULUS MEASURE THAT BOOSTED DOMESTED DEMAND, MANUFACTURING OUTPUT JUMPED 17.9%. THE GOVERNMENT REVISED UPWARDS INDUSTRIAL PRODUCTION GROWTH FOR DECEMBER 2009 TO A RECORD LEVEL OF 17.6% FROM EARLIER 16.8%.
TODAY THE MAJOR TRIGGER IN THE MARKET FOR THE MONTH IS ADVANCED TAXES FOR THE FOURTH QUARTER. INVESTORS WILL EYE FIGURES OF ADVANCED TAX PAYMENT BY TOP INDIAN COMPANIES WHICH WILL GIVE A CLEAR INDICATION OF THE EARNINGS OF THE QUARTER WHICH IS DUE TODAY. IT MIGHT BE THE LAST TRIGGER FOR THE MARKETS FOR THE UPTREND AFTER THE ADVANCED TAXES WE MAY SEE A CHANGE IN THE TREND IN COMING DAYS AND BEFORE HEADING TOWARDS NEW HIGHS MARKETS ARE TO COME DOWN IN ORDER TO MOVE UP. TODAY IF NIFTY TRADES ABOVE 5150 THEN LIKELY TO TAKE NIFTY TO 5177 AND ANY CLOSE ABOVE 5150 IS CONSIDERED TO BE STRONG AND CAN HEAD TOWARDS 5300 LEVELS ON NIFTY AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5120 THEN LIKELY TO SEE A DIP TILL 5097 AND TRADE BELOW THIS LEVEL WOULD LIKELY TO TAKE NIFTY TO 5060 AND THEN TO 5002 LEVELS ANY BREAK BELOW 5040 ON CLOSING BASIS WOULD BE CONSIDERED AS WEAK AND WE MAY SEE NIFTY TO SLIDE DOWN TO 4944.

BUY CAIRN SL 269 TGT 279/282 /285
BUY ASHOK LEYLAND SL 49 TGT 52/53/54
BUY GTL INFRA SL 40.40 TGT 42/43/44
BUY HOTEL LEELA SL 44.90 TGT 47/48/49

INTRADAY TIPS FOR 12 MARCH 2010

GOOD MORNING!!!

THE KEY INDICIES SPURTED TO THEIR HIGHEST LEVEL IN A MONTH. BANKING AND IT STOCKS ROSE. BUT AUTO STOCKS FELL. THE MARKET WAS VOLATILE. STOCKS MOVED BETWEEN POSITIVE AND NEGATIVE TERRITORY NEAR THE FLAT LINE IN EARLY TRADE. THE SENSEX RECOVERED FROM LOWER LEVEL IN MORNING TRADE AFTER HITTING A FRESH INTRADAY LOW. THE INTRADAY RECOVERY GATHERED STEAM WITH THE SENSEX SURGING TO THE DAY'S HIGH LATER. THE MARKET PARED GAINS AFTER HITTING FRESH INTRADAY HIGH IN EARLY AFTERNOON TRADE. THE MARKET ONCE AGAIN PARED GAINS SOON AGAIN AFTER JUMPING TO DAY'S HIGH IN MID-AFTERNOON TRADE. THE SENSEX SURGED AT THE FAG END OF THE TRADE AS EUROPEAN STOCKS RECOVERED FROM EARLY LOWS. THE FOOD PRICE INDEX ROSE 17.81% IN THE 12 MONTHS TO 27 FEBRUARY 2010, WHILE THE FUEL PRICE INDEX WAS UP 11.38%, THE LATEST GOVERNMENT DATA SHOWED. THE RISE IN THE FOOD PRICE INDEX WAS MARGINALLY LOWER THAN AN ANNUAL RISE OF 17.87% IN THE PREVIOUS WEEK. THE PRIMARY ARTICLES PRICE INDEX WAS UP 15.08% YEAR-ON-YEAR AS ON 27 FEBRUARY 2010. FOOD PRICES WILL BE KEENLY WATCHED IN COMING WEEKS FOR THE SECOND AND THIRD ROUND IMPACTS OF THE RECENT FUEL PRICE RISE. THE WHOLESALE PRICE INFLATION IS UNLIKELY TO TOUCH DOUBLE DIGITS BY END-MARCH, M. GOVINDA RAO, A MEMBER OF THE PRIME MINISTER'S ECONOMIC ADVISORY COUNCIL, SAID ON WEDNESDAY. THE WHOLESALE PRICE INDEX INFLATION, REACHED 8.56 % IN JANUARY 2010. THE GOVERNMENT WILL UNVEIL INDUSTRIAL OUTPUT DATA FOR JANUARY 2010 ON FRIDAY, 12 MARCH 2010. INDUSTRIAL PRODUCTION IS EXPECTED TO RISE MORE THAN 16% IN JANUARY 2010 FROM A YEAR EARLIER. INDUSTRIAL OUTPUT ROSE AT A ROBUST 16.8% IN DECEMBER 2010. A STRONG RISE IN THE OUTPUT, A 7.2% GOVERNMENT GROWTH FORECAST FOR THE 2009-10 FINANCIAL YEAR AND INFLATION WORRIES WOULD MAKE FOR A STRONG CASE FOR THE CENTRAL BANK TO HIKE BENCHMARK RATES LIKE REPO AND REVERSE REPO RATES AT ITS APRIL POLICY REVIEW. MARKET EXPECTATIONS REGARDING A POSSIBLE RATE HIKE IN APRIL REMAIN UNCHANGED, AFTER THE RESERVE BANK OF INDIA (RBI) RESORTED TO A SHARPER THAN EXPECTED 75 BASIS POINT HIKE IN CASH RESERVE REQUIREMENTS FOR BANKS AT ITS JANUARY MEETING. MARKET WATCHERS EXPECT THE RBI'S NEXT MOVE WILL BE TO RAISE BOTH ITS BENCHMARK LENDING AND BORROWING RATES RATES BY AT LEAST 25 BPS EACH TO 5% AND 3.50% RESPECTIVELY. THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET WAS WEAK.

TODAY MARKET LOOKS VOLATILE AHEAD OF IIP NUMBERS ONE HAS TO STAY CAUTIOUS IN THE MARKET, THERE WOULD BE STOCK SPECIFIC MOVES IN THE MARKET IN THE COMING DAYS TILL THE GUIDANCE IS CLEAR IN TERMS OF Q4 REVENUES ON ADVANCE TAX PAYMENTS. TODAY IF NIFTY TRADES ABOVE 5150 THEN LIKELY TO TAKE NIFTY TO 5177 AND ANY CLOSE ABOVE 5150 IS CONSIDERED TO BE STRONG AND CAN HEAD TOWARDS 5300 LEVELS ON NIFTY AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5120 THEN LIKELY TO SEE A DIP TILL 5100 AND BREAK AND TRADE BELOW 5097 LIKELY TO TAKE NIFTY TO 5060 AND THEN TO 5002 LEVELS ANY BREAK BELOW 5040 IS CONSIDERED TO BE WEAK ON THE MARKETS AND COULD SLIDE DOWN TO 4944 WHICH WILL ACT AS A KEY SUPPORT FOR NIFTY BREACH ON 4944 WOULD DRAG NIFTY TO MUCH LOWER LEVEL I.E., BELOW 4687. TODAY EDUCATION STOCKS LOOKS GOOD. SUGARS LOOKING WEAK.

BUY ABB SL 867 TGT 882/891/904*
BUY EDUCOMP SL 724 TGT 739/749/760
BUY LICHSG ABOVE 816 SL 809 TGT 823/831/842 (CAN HOLD POSITIONALLY)*
BUY BRFL SL 219 TGT 225/228/230
POSITIONAL CALLS
USHA MARTIN EDUCATION TGT 32/50
GAMMON INFRA TGT 32/50

INTRADAY TIPS FOR 11 MARCH 2010

GOOD MORNING!!!

KEY INICES POSTED SMALL GAINS ON SLIGHT RAISE IN EUROPEAN MARKETS REVERSING EARLY LOSSES AND US INDEX FUTURES POSITIVE. MOST OF THE ASIAN STOCKS ROSE REVERSING INITIAL LOSSES. THE MARKET STARTED IN A POSITIVE NOTE THEN DECLINED IN THE MIDDAY WEAKENING THE MARKET BREADTH. AUTO STOCKS EDGED HIGHER ON FRESH BUYING. BANKING SHARES WERE MIXED. TELECOM PIVOTALS SAW DIVERGENT TREND. BUT, IT STOCKS DECLINED ON PROFIT TAKING FOLLOWING RECENT GAINS TRIGGERED BY UPBEAT US JOBS DATA. HERO HONDA MOTORS STRUCK A RECORD HIGH TO RS 1940.
THE KEY FACTORS WERE MARKETS WOULD LARGELY BE INFULENCED IN THE COMING DAYS AND DECIDE THE TREND ARE: -
(A) THE ANNOUNCEMENT OF INDUSTRIAL OUTPUT DATA FOR THE MONTH OF JANUARY 2010 TOMORROW, WHICH GREW BY 16.8% IN DECEMBER 2009.
(B) THE FOURTH AND LAST INSTALLEMENT OF ADVANCE TAX BY INDIA INC DUE ON 15 MARCH WILL GIVE A BROAD INDICATION FOURTH QUARTER EARNING.
(C) FOOD PRICES WILL BE KEENLY WATCHED IN COMING WEEKS FOR THE SECOND AND THIRD ROUND IMPACTS OF THE RECENT FUEL PRICE RISE. WE EXPECT 25 BASIS POINTS HIKE IN THE REPO AND REVERSE REPO RATES EACH BY THE RBI AT THE APRIL 2010 POLICY REVIEW.
TODAY MARKETS LOOKS RANGE BOUND. MARKETS MAY NOT SHOW A CLEAR TREND TILL TOMORROW WE MAY SEE A CLEAR TREND FROM TOMORROW AFTER THE ANNOUNCEMENT OF IIP DATA. TODAY IF NIFTY TRADES ABOVE 5140 THEN LIKELY TO SEE NIFTY TO GO TO 5170 AND ANY CLOSE ABOVE THIS POINT IS CONSIDERED TO BE POSITIVE. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5100 THEN LIKELY TO DECLINE TO 5060 AND BREAK BELOW THIS LEVEL WOULD DRAG TO 5040, TRADE AND CLOSE BELOW 5040 LEVELS WOULD DRAG NIFTY TO FURTHER DOWNSIDE. STAY CAUTIOUS IN THE MARKET FROM NOW ON TILL THERE IS CLEAR TREND.

NO RECOMMENDATIONS FOR THE DAY

INTRADAY TIPS FOR 10 MARCH 2010

GOOD MORNING!!!

SELLING PRESSURE CROPPED IN THE MID DAY AFTER A STRONG GAINS TRACKING FIRM ASIAN STOCKS, IT WAS HIGHLY VOLATILE SESSION IN THE ENTIRE DAY. THOUGH THE MARKET BREADTH WAS STRONG, MARKETS ARE WAITING FOR THE TREND. SHARES FROM BANKING, AUTO AND HEALTHCARE SECTORS LED GAINS. SHARES OF STATE BANK OF INDIA (SBI) ROSE AFTER THE FINANCE MINISTER INTRODUCED A BILL IN THE LOK SABHA TO ALLOW THE BANK TO RAISE MORE CAPITAL FROM THE MARKET. IT STOCKS ROSE ON STRONG US ECONOMIC DATA. TELECOM SHARES DIPPED ON SELLING PRESSURE AFTER THE RECENT RISE.
TODAY MARKETS LOOKS VOLATILE AND NEGATIVELY BIASED. TODAY IF NIFTY TRADES BELOW 5 097 THEN LIKELY TO SEE IT TO TAKE SUPPORT AT 5060 AND BREAK BELOW THIS THEN WOULD TAKE NIFTY DOWN TO 5044 AND ANY CLOSE BELOW THIS POINT WOULD DECIDE THE TREND. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5120 THEN LIKELY TO TAKE NIFTY TO 5140 AND BREAK ABOVE THIS POINT WOULD TAKE IT TO 5170 ANY CLOSE ABOVE 5170 IS CONSIDERED TO BE BULLISH. STOCK SPECIFIC MOVEMENT WOULD TAKE PLACE. STOCKS WITH POSITIVE BIAS ARE INFINITE, JUBLFOOD, HANUNG, AQUA, HDFCBANK, HDFC, TATAELXSI, ZYLOG, PIRHEALTH, HITACHIHOM, JISLJALEQS, SRTRANSFIN, JUBILANT, GLODYNE, ARSS INFRA, JAGRAN PRAKASHAN.
BUY ZYDUSWELL SL 354 TGT 373/383/391
BUY ESCORTS SL 154 TGT 162/167/172
BUY MARUTI SL 1497 TGT 1521/1534/1545
BUY SBI SL 2039 TGT 2057/2067/2083

INTRADAY TIPS FOR 09 MARCH 2010

GOOD MORNING!!!
WITH STRONG INTRADAY GAINS IN THE OPENING OF THE MARKETS, IT COULD NOT HOLD THE SAME MOMENTUM TILL THE END AS INDICES EDGED SLIGHTLY HIGHER IN A VOLATILE TRADING SESSION AS PROFIT BOOKING TOOK PLACE IN FRONTLINE STOCKS. WITH WORLD MARKETS ON THE POSITIVE SIDE EUROPEAN, ASIAN MARKETS AND US INDEX FUTURES TRADING FIRM MARKET BREADTH REMAINED STRONG. REALTY SHARES EXTENDED THURSDAY'S GAINS ON FOLLOW-UP BUYING. BANKING AND TELECOM STOCKS ADVANCED ON FRESH BUYING. METAL STOCKS DECLINED MIRRORING A FALL IN METAL PRICES ON THE LONDON METAL EXCHANGE. THE MARKET WAS VOLATILE. THE MARKET OPENED ON A FIRM NOTE TRACKING GAINS IN ASIAN STOCKS. IT MOVED IN A NARROW RANGE TILL MID-MORNING TRADE. THE MARKET CUT GAINS IN EARLY AFTERNOON TRADE AFTER THE GOVERNMENT SOUGHT ADDITIONAL SPENDING PLAN FOR THE CURRENT YEAR. THE MARKET SLIPPED INTO THE RED LATER. THE MARKET REGAINED STRENGTH IN MID-AFTERNOON TRADE AS WORLD STOCKS ROSE. THE MARKET PARED GAINS IN LATE TRADE.
TODAY MARKET LOOKS VERY RANGE BOUND. IF NIFTY TRADES ABOVE 5141 THEN LIKELY TO MOVE UP TO 5171 IF THIS LEVEL IS BREACHED AND TRADED ABOVE THEN LIKELY TO SEE NEW HIGHS IN NIFTY. AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5100 THEN LIKELY TO DRIFT DOWN TO 5060 AND ANY TRADE BELOW 5044 AND CLOSE BELOW THIS POINT WOULD TURN THE DIRECTION OF THE MARKETS. STOCKS LOOKING POSITIVE ARE FORTIS, HEROHONDA,MARUTI, MUNDRA PORT, ICICI BANK.

BUY SIEMENS SL 734 TGT 744/751/762
BUY MARUTI SL 1464 TGT 1498/1513/1520
BUY BOMBAY DYEING SL 574 TGT 592/602/617
BUY MAHINDRA FORGING SL 135 TGT 149/159/165
BUY IDFC SL 159 TGT 165/167/169
POSITIONAL PICKS
IDFC TGT 200
SREI TGT 97

INTRADAY TIPS FOR 08 MARCH 2010

GOOD MORNING!!!

LAST TRADING SESSION WAS A VERY VOLATILE, INDICIES COULD GAIN VERY LITTLE IN A SEE SAW MARKET THE MARKET BREADTH WAS STRONG. REALTY SHARES EXTENDED THURSDAY'S GAINS ON FOLLOW-UP BUYING. BANKING AND TELECOM STOCKS ADVANCED ON FRESH BUYING. IT STOCKS WERE MIXED. METAL STOCKS DECLINED MIRRORING A FALL IN COMMODITY PRICES ON THE LONDON METAL EXCHANGE. THE MARKET WAS VOLATILE. THE MARKET OPENED ON A FIRM NOTE TRACKING GAINS IN ASIAN STOCKS. IT MOVED IN A NARROW RANGE TILL MID-MORNING TRADE. THE MARKET CUT GAINS IN EARLY AFTERNOON TRADE AFTER THE GOVERNMENT SOUGHT ADDITIONAL SPENDING PLAN FOR THE CURRENT YEAR. THE MARKET SLIPPED INTO THE RED LATER. THE MARKET REGAINED STRENGTH IN MID-AFTERNOON TRADE AS WORLD STOCKS ROSE. THE MARKET PARED GAINS IN LATE TRADE BUT COULD MANAGE TO CLOSE SLIGHTLY POSITIVE.

MARKETS MAY OPEN POSITIVE ON POSITIVE CLOSING ON FRIDAY AND WITH THE STRONG RALLY IN THE ASIAN MARKETS. MARKETS TODAY LIKELY TO BREAK THE RECENT HIGHS, IF NIFTY TRADES 5100 THEN LIKELY TO TEST 5140 LEVELS AND TRADE ABOVE THIS POINT WOULD LEAD NIFTY TO 5171 WHICH IS CONSIDERED TO BE A GOOD RESISTANCE POINT ANY BREAK AND CLOSE ABOVE THIS POINT WOULD TAKE NIFTY TO NEW HIGHS OF THE RECENT PAST. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5074 THEN LIKELY TO DRIFT DOWN TO 5044 ANY BREAK BELOW THIS POINT WOULD DRAG NIFTY TO 5002 AND ANY CLOSE BELOW 5000 IS CONSIDERED TO BE WEAK FOR THE NIFTY. STOCKS TO WATCH OUT FOR POSITIVE BIAS ARE BANKING, CEMENTS AND METALS.

BUY BANK NIFTY SL 8988 TGT 9145/9204/9250
BUY GRASIM SL 2776 TGT 2820/2844/2863
BUY SUZLON SL 78 TGT 82/84/86
BUY ESSAROIL SL 137.90 TGT 144/146/149
BUY PRAJ INDUSTRIES SL 84.90 TGT 89/92/94

INTRADAY TIPS FOR 05 MARCH 2010

GOOD MORNING!!!
KEY BENCHMARK INDICES ENDED SLIGHTLY LOWER AFTER WITNESSING INTRADAY VOLATILITY, ENDING THREE-DAY WINNING STREAK. FEARS OF RISE IN INTEREST RATES FOLLOWING RISE IN FOOD INFLATION WEIGHED ON THE SENTIMENT. FIRM GLOBAL STOCKS HAD AIDED THE RALLY ON THE DOMESTIC BOURSES RECENTLY. THE MARKET DRIFTED LOWER IN EARLY TRADE ON PROFIT TAKING AFTER LAST THREE DAYS' STRONG GAINS TRIGGERED BY THE FINANCE MINISTER'S PLEDGE TO CUT FISCAL DEFICIT IN THE UNION BUDGET. WITH THE RISE IN FOOD PRICE INDEX TO 17.87% IN THE 12 MONTHS AND FUEL PRICE INDEX TO 9.59%. ALONG WITH PRIMARY ARTICLES INDEX RISING TO 15%. HIGHER INFLATION IS LIKELY TO ADD PRESSURE ON THE CENTRAL BANK TO RAISE INTEREST RATES IN APRIL 2010. THE LATEST HIKE IN PETROL AND DIESEL PRICES WILL FURTHER INCREASE HEADLINE INFLATION. HIGHER INFLATION WILL PUT FURTHER PRESSURE ON INTEREST RATES WHICH IN TURN MAY IMPACT CORPORATE AND CONSUMER CONFIDENCE. THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET, WAS STRONG. TELECOM SHARES GAINED ON FRESH BUYING. BANKING SHARES WERE MIXED AHEAD OF A MEETING OF BANKERS WITH THE RESERVE BANK OF INDIA TOMORROW, 5 MARCH 2010 TO DISCUSS THE IMPLEMENTATION OF THE BASE RATE. AUTO STOCKS DECLINED ON PROFIT BOOKING. SOFTWARE PIVOTALS SLIPPED ON REPORTS TOP IT FIRMS ARE MULLING SALARY HIKE FOR THE FINANCIAL YEAR 2010-11, WHICH WILL IMPACT PROFITABILITY.
TODAY MARKETS WOULD BE VOLATILE AND THERE MAY BE PROFIT BOOKING COMING IN WITH A GOOD WEEK OF GAINS AND CONSOLIDATION FOR A BREAKOUT MAY TAKE PLACE. IF NIFTY TRADES ABOVE 5074 THEN LIKELY TO GO TO 5106 AND TRADE ABOVE IT WILL REACH 5130 ANY CLOSE ABOVE 5100 WILL TAKE NIFTY TO 5150 AND THIS POINT IS A VERY CRUCIAL POINT, NIFTY MAY RESIST BREAKING THIS POINT. ON THE DOWNSIDE IF NIFTY TRADES BELOW 5050 THEN LIKELY TO SLIDE DOWN TO 5005 AND BREAK BELOW THIS LEVEL AND TRADE BELOW 4998 THEN LIKELY TO MAKE A DIVE TO 4944 LEVELS BREAK BELOW 4944 IS A VERY WEAK CLOSING.
BUY JINDALSAW SL 203.9 TGT 207.2/209/212

BUY MRPL SL 74 TGT 77.6/79.4/81
BUY SESAGOA SL 439 TGT 447/452/457
BUY RELINFRA SL 1009 TGT1030/ 1042/1058

BUY IDFC SL 157 TGT 165/167/169

INTRADAY TIPS FOR 04 MARCH 2010

GOOD MORNING!!!

THE THIRD STRAIGHT DAY GAINS ON WEDNESDAY FOR THE INDICES, WHICH HAS PAVED WAY CROSSING THE PSYCHOLOGICAL BARRIER OF 17000 MARK FOR SENSEX AND SLIGHLY LOWER THAN 5100 IN NIFTY AT THE FAG END OF THE TRADE BUT PROVISIONALLY CLOSED BELOW THAT LEVEL. METALS GAINED AFTER RISE IN METAL PRICES IN LME. REALITY, FMCG, HEALTHCARE, BANKING AND POWER STOCKS ROSE. THE MARKET BREADTH WAS STRONG. ALL THE SECTORAL INDICES WERE IN THE GREEN.
TODAY, MARKETS WOULD BE RANGE BOUND AND NIFTY IF TRADES ABOVE 5085 THEN LIKELY TO GO UPTO 5110 AND ABOVE THIS POINT IF NIFTY TRADES THEN LIKELY TO SEE NIFTY TO 5150 WHICH WOULD ACT AS A KEY RESISTANCE ZONE. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5052 THEN LIKELY TO TEST DOWNSIDE LEVEL OF 4997 AND BREAK BELOW THIS WOULD COME DOWN TO 4944 AND ANY CLOSE BELOW 4944 IS CONSIDERED TO BE VERY WEAK. STOCK SPECIFIC COUNTERS IN BANKING, PHARMA, CEMENT, AUTO AND FINANCIAL STOCKS STILL LOOKS POSITIVE ON CHARTS.

BUY HDFC SL 2594 TGT 2621/2646/2661
BUY HDFC BANK SL 1769 TGT 1786/1799/1808
BUY ICICI BANK SL 899 TGT 912/918/925
BUY MCDOWEL SL 1439 TGT 1465/1479/1498

INTRADAY TIPS FOR 03 MARCH 2010

GOOD MORNING!!!
THE KEY BENCHMARK INDICES SURGED FOR THE SECOND STRAIGHT DAY AFTER FINANCE MINISTER PRANAB MUKHERJEE OFFERED TO PROGRESSIVELY CUT FISCAL DEFICIT OVER THE NEXT THREE FISCAL YEARS, CHANGED PERSONAL TAX RATES WHICH WILL LIFT DISPOSABLE INCOMES IN THE HAND OF INDIVIDUALS AND REDUCED SURCHARGE ON CORPORATE TAX FOR DOMESTIC COMPANIES TO 7.5% FROM 10% IN UNION BUDGET 2010-2011 LATE LAST WEEK. DATA SHOWING A SURGE IN MANUFACTURING ACTIVITY IN THE MONTH OF FEBRUARY AND RISE IN EXPORTS FOR THE THIRD CONSECUTIVE MONTH IN JANUARY ALSO LIFTED SENTIMENT. THE MARKET SURGED IN EARLY TRADE TRACKING OVERNIGHT GAINS IN GLOBAL STOCKS WHEN THE INDIAN MARKET WAS CLOSED FOR THE HOLI FESTIVAL. THE MARKET SURGED AGAIN IN AFTERNOON TRADE, MARKET EXTENDED GAINS IN LATE TRADE. AUTO STOCKS EXTENDED FRIDAY'S SHARP GAINS ON ROBUST VEHICLE SALES IN THE MONTH OF FEBRUARY 2010 OVER FEBRUARY 2009. INDIA'S LARGEST COMMERCIAL VEHICLE MAKER BY SALES TATA MOTORS ROSE MORE THAN 10% AFTER THE COMPANY REPORTED STRONG VEHICLE SALES IN THE MONTH. BANKING, METAL AND TELECOM STOCKS ALSO ROSE. BARRING THE REALTY INDEX, ALL THE OTHER SECTORAL ON INDICES WERE IN GREEN
TODAY MARKET MAY REMAIN FLAT AND VOLATILE. IF NIFTY TRADES ABOVE 5040 THEN LIKELY TO TAKE NIFTY TO 5069 LEVELS AND TRADE ABOVE THIS POINT WOULD TAKE NIFTY TO 5140 LEVELS ANY CLOSE ABOVE 5069 IS CONSIDERED TO BE VERY STRONG AND ONE CAN TAKE LONG POSITIONS AT THIS STAGE. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5000 THEN LIKELY TO HEAD TOWARDS 4971 AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY TO 4926 AND ANY CLOSE BELOW 4944 IS AGAIN CONSIDERED TO BE WEAK. SO MAINTAIN THE ABOVE LEVEL AND TRADE AS MARKET PICTURE STILL LOOKS HAZY EVEN AFTER A SURGE OF 200 POINTS IN NIFTY, ONE IS ADVISED TO STAY CAUTIOUS AS LOT OF SHARES THOUGH ARE MOVING UP STILL REMAINS NEGATIVE SO TRADE THE RECOMMENDED SCRIPS FOR CONTAINING YOUR LOSS WITH STRICT STOPLOSS AND DON’T ENTER SCRIPS EVEN IF THEY ARE MOVING VERY HIGH, THERE ARE LOT OF SHARES LIKELY TO NOSE DIVE.

BUY ACC SL 958 TGT 974/980/988*
BUY ASHOK LEYLAND SL 52 TGT 54/55/57*
BUY ORIENTAL BANK SL 284 TGT 290/293/296*
BUY CROMPTON GREAVES FUTURES SL 439 TGT 449/456/465*
BUY PIRAMAL SL 420 TGT 433/449/457*
BUY YESBANK SL 245 TGT 249/252/254
BUY WELGUJ SL 248 TGT 252/254/257
SELL CHAMBAL SL 62 TGT 60.4/59.25/58
SELL GAIL SL 395 TGT 390/387/383
SELL DLF SL 296 TGT 287/282/272
SELL RECLTD SL 241 TGT 175 * POSITIONAL

INTRADAY TIPS FOR 02 MARCH 2010

GOOD MORNING!!!

INDICES GAVE UP SOME OF ITS GAINS AFTER INITIAL SURGE IN THE EARLY AFTERNOON TRADE WITH TRIGGERS FROM UNION BUDGET, SECTORS LIKE AUTO, METALS AND BANKING OUT PERFORMED. OVERALL THE STRENGTH OF THE MARKET REMAINED POSITIVE. THE GOVERNMENT'S PLEDGE TO PROGRESSIVELY CUTS ITS BUDGET DEFICIT OVER THE NEXT THREE FISCAL YEARS, CHANGES IN PERSONAL TAX RATES WHICH WILL LIFT DISPOSABLE INCOMES IN THE HAND OF INDIVIDUALS AND A REDUCTION IN SURCHARGE ON CORPORATE TAX FOR DOMESTIC COMPANIES TO 7.5% FROM 10%, LIFTED SENTIMENT. THE GOVERNMENT'S PLAN TO INTRODUCE DIRECT AND INDIRECT TAX REFORMS FROM 1 APRIL 2011 ALSO CHEERED INVESTORS. THE PEAK RATE OF EXCISE DUTIES HAS BEEN RAISED TO 10% FROM 8% AS A FIRST STEP TOWARDS THE WINDING DOWN OF FISCAL STIMULUS MEASURES. HOWEVER, THE SERVICE TAX WAS RETAINED AT 10%. THE GOVERNMENT HAS ESTIMATED RS 40000 CRORE FROM DISINVESTMENT FOR FY 2010-11. IT HAS ESTIMATED RS 35000 CRORE FROM SALE OF THIRD GENERATION TELECOM AUCTIONS. THE MINIMUM ALTERNATE TAX (MAT) HAS BEEN RAISED TO 18% FROM 15% OF BOOK PROFITS. THE FM ALSO RAISED THE EXCISE DUTY ON PETROL AND DIESEL BY ONE RUPEE PER LITER, AND RAISED THE IMPORT DUTY ON GOLD TO RS 300 PER 10 GRAM FROM RS 200 PER 10 GRAMS AT PRESENT.

TODAY MARKETS LOOKS POSITIVE WITH ALL THE ASIAN AND AMERICAN INDICES ENDING IN GREEN TODAY IF NIFTY TRADES ABOVE 4944 THEN LIKELY TO GO UP TO 4995 LEVELS AND ANY TRADE ABOVE 5000 WOULD TAKE NIFTY TO 5037 AND BREAK ABOVE THIS LEVEL WOULD TAKE NIFTY TO 5074, ANY CLOSE ABOVE 5000 IS CONSIDERED TO BE BULLISH AND ONE CAN STAY LONG. ON THE NEGATIVE SIDE IF NIFTY BREAKS BELOW 4926 WOULD LEAD TO 4902 AND ANY BREAK BELOW THIS POINT WOULD TAKE NIFTY TO 4874 AND BELOW THIS LEVEL WOULD TAKE TO 4840 WHICH IS AGAIN CONSIDERED TO BE THE VERY GOOD SUPPORT BREAK BELOW THIS LEVEL WOULD TAKE NIFTY BY 100 POINTS DOWNSIDE SO 4840 IS CONSIDERED TO BE A VERY CRUCIAL LEVEL WHICH SHOULD HOLD.

BUY RELCAP SL 780 TGT 810/820/832
BUY RANBAXY SL 459 TGT 478/485/496
BUY M&M SL 999 TGT 1017/1030
BUY AMTEK AUTO SL 174 TGT 189/193/200
BUY BATA INDIA SL 229 TGT 242/246/250
BUY INDIAN HOTELS TGT 93/96/99 POSITIONAL TGT 115/135
BUY IFCI SL 49.9 TGT 53/54/55 CAN HOLD POSITIONALLY
POSITIONAL TRADES
BUY GVK POWER TGT 55
BUY NOIDA TGT 43
BUY GAMMON INFRA TGT 32