INTRADAY TIPS FOR 30 APRIL 2010

GOOD MORNING!!!

MARKETS HAVE BEEN IN A NARROW RANGE AND HELD ON THE POSITIVE NOTE ALMOST DURING THE ENTIRE DAY, THERE WAS MODEST BOUNCE BACK. IT WAS REALLY VERY TOUGH RESISTANCE FOR NIFTY TO CROSS 5255 LEVELS AS IT ATTEMPTED AROUND THREE TIMES BUT COULDN’T MAKE IT. THE GOOD US CUES ON FED'S STATEMENT ON SIGNS OF STRENGTH IN THE ECONOMY AND SIGN OF RECOVERY IN THE ASIAN PACK HAS LED THE DOMESTIC INDICES TO CARRY UP THEIR GAINS AS THE DAY ADVANCES, THE MARKET WAS VOLATILE AS TRADERS ROLLED OVER THEIR POSITIONS IN THE DERIVATIVE SEGMENTS FROM APIRL TO MAY SERIES AHEAD OF THE END OF THE APRIL CONTRACTS. BREADTH OF THE MARKET WAS STRONG.

TODAY MARKETS KICK STARTS ITS DAY WITH THE NEW CONTRACT FOR THIS MONTH. NIFTY MAY OPEN GAP UP ON GLOBAL RECOVERY AND MAY TRADE ABOVE 5270 ABOVE THIS POINT MARKETS WOULD TAKE NIFTY TO 5300 LEVELS AND ABOVE THIS LEVEL NIFTY WILL FACE A TOUGH RESISTANCE AT 5344 LEVELS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5225 THEN LIKELY TO MAKE A JOURNEY TOWARDS 5198 LEVELS AND TRADE BELOW THIS LEVEL WOULD TAKE IT TO 5160 LEVELS AND FURTHER WEAKNESS WOULD DRIVE MARKETS MUCH DOWNSIDE AND BEARS WOULD CAPTIVATE MARKETS BELOW 5150 LEVELS.

BUY YESBANK SL 291.9 TGT 298/303/306
BUY CAIRN SL 306 TGT 311.5/313.6/316
BUY NAGARCONST SL 187.4 TGT 191.6/194.3/199
BUY LICHSG SL 941 TGT 955/966/984
BUY JETAIRWAYS SL 525 TGT 540/550/566
BUY UFLEX SL 113.4 TGT 119/122/128
POSITIONAL TRADES
BUY JB CHEMICAL AND PHARMA TGT 100/120/140

INTRADAY TIPS FOR 29 APRIL 2010

GOOD MORNING!!!

INDICES EXTENDED LOSSES FOR THE SECOND STRAIGHT DAY AS WORLD STOCKS TUMBLED AS RATING DOWNGRADES ON GREECE AND PORTUGAL. METAL AND REALTY STOCKS LED THE DECLINE. ALL THE SECTORAL INDICES ON WERE IN THE RED. STOCKS WERE VOLATILE AS TRADERS ROLLED OVER POSITIONS IN THE DERIVATIVES SEGMENT TO THE NEXT MONTH AHEAD OF THE EXPIRY. THE Q4 MARCH 2010 CORPORATE EARNINGS ANNOUNCED SO FAR HAVE BEEN GOOD. THE COMBINED NET PROFIT OF A TOTAL OF 372 COMPANIES ROSE 27.6% TO RS 28545 CRORE ON 37.5% RISE IN SALES TO RS 241872 CRORE IN THE QUARTER ENDED MARCH 2010 OVER THE QUARTER ENDED MARCH 2009. THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET, WAS EXTREMELY WEAK.

TODAY MARKET LOOKS VERY VOLATILE AND WE MAY SEE STOCK SPECIFIC ACTIVITY AHEAD OF EXPIRY STAY VERY CAUTIOUS. IF NIFTY TRADES ABOVE 5226 THEN LIKELY TO MAKE AN UP MOVE UPTO 5255 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5270 LEVELS TRADE ABOVE THIS POINT WOULD TAKE NIFTY TO 5300 LEVELS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5206 THEN LIKELY TO DIP DOWN TO 5176 AND BREAK BELOW THIS POINT WOULD TAKE NIFTY TO 5100 ANY BREAK BELOW 5100 IS CONSIDERED TO BE VERY WEAK AND WOULD DECLINE FURTHER AS BEARS WILL COMPLETELY CAPITAVE THE MARKET.

BUY ITC SL 268 TGT 272/274/276
BUY PIRHEALTH SL 519 TGT 532/535/538
BUY SBIN SL 2219 TGT 2242/2258/2271
BUY BANKBARODA SL 684 TGT 690/694/699
BUY CUMMINSIND SL 527 TGT 548/559/563

NOTE: IF THE ABOVE RECOMMENDED STOCKS HITS THE STOPLOSS EXIT AND ABOVE STOPLOSS PRICE ONE CAN RE-ENTER WITH SAME STOPLOSS

INTRADAY TIPS FOR 28 APRIL 2010

GOOD MORNING!!!

WE HAVE WITNESSED A PHASE OF CONSOLIDATION AFTER FIVE CONSECUTIVE GAINING DAYS IN THE INDIAN EQUITY MARKETS. INDICIES WERE IN A NARROW RANGE THROUGHOUT THE DAY AFTER A STRONG RESISTANCE AND CLOSED MARGINALLY IN THE RED AT THE END OF THE DAY. WITH MOST OF THE ASIAN MARKETS ALONG WITH EUROPEAN MARKETS TRADING IN RED MARKETS HAVE SUCCUMBED TO LOT OF PRESSURE ON THE SECOND HALF OF THE MARKET.
TODAY MARKETS WOULD BLEED IN THE OPENING AND WOULD THEN RECOVER TO SOME EXTENT IN THE FORM OF RETRACEMENT AND MARKET STILL LOOKING STRONG AND HAS NOT COME INTO NEGATIVE ZONES SO WOULD ADVISE ALL THE INVESTORS AND TRADERS TO BE CAUTIOUS AND ESPECIALLY TRADERS ON INTRADAY PERSPECTIVE ARE ADVISED TO FOLLOW THE LEVELS METIONED BELOW. IF NIFTY TRADES BELOW 5255 LIKLEY TO DIP DOWN TO 5223 LEVELS AND IT WOULD TAKE SUPPORT AT THIS LEVEL AND THEN RETRACE, IF NIFTY DOESN’T TAKE SUPPORT AT 5223 THEN LIKELY TO DRIFT DOWN 5202 AND THEN TO 5166. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5320 ONE CAN INITIATE BUY. ONE CAN TAKE LONG POSITIONS ON THE DECLINE IN OPENING MARKET WITH STRICT STOPLOSS.
NOTE: * MARKED AT THE END OF RECO CAN BE BOUGHT WHEN MARKET SLIDES INITIALLY AS THESE STOCKS WOULD PULL BACK IMMEDIATELY.
SELL ICICI BANK SL 952 TGT 931/925/916
BUY GSPL SL 92 TGT 99/104/104*
BUY POWER GRID SL 109 TGT 116/117/118*
BUY BATA INDIA SL 263 TGT 286/298/310*
BUY ABG SHIPPYARD SL 253 TGT273/278/284*

INTRADAY TIPS FOR 27 APRIL 2010

GOOD MORNING!!!

INDICES WERE FIRM BUT VERY NARROWLY RANGE BOUND. IN THE MID AFTERNOON INDICES SURGED QUITE SHARPLY ON AS EUROOPEAN STOCKS SURGED ON THE ONSET OF TRADING SESSION. GOOD RESULTS FROM THE INDICAN INC, FIRM GLOBAL STOCKS AND FORECAST OF A NORMAL MONSOON THIS YEAR ARE A SIGN OF ADVANCMENT IN THE MARKETS. THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET WAS STRONG. MAJORITY OF SECTORAL INDICES REMAINED IN GREEN, THERE WAS LOT OF ACTIVITY IN SMALL AND MIDCAPS.

TODAY MARKET LOOKS LIKE OPENING IN A NEGATIVE NOTE AND THEN MARKETS MAY REMAIN IN RANGE BOUND. WE MAY LIKELY TO WITNESS LOT OF VOLATALITY IN THE COMING DAYS AHEAD OF EXPIRY. IF NIFTY BREAKS THE FOLLOWING LEVELS IT WOULD GIVE A CLEAR DIRECTION OF TREND UNTIL THEN IT WOULD BE VERY RANGE BOUND. IF NIFTY TRADES ABOVE 5336 THEN LIKELY TO HEAD TOWARDS 5367 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5392 ANY CLOSE ABOVE 5367 WOULD TAKE NIFTY TO NEW HIGHS AND ON THE DOWN SIDE IF NIFTY TRADES BELOW 5290 THEN LIKLEY TO TEST 5255 LEVELS AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY 5232 LEVELS AND ANY CLOSE BELOW 5250 IS CONSIDERED TO BE WEAK AND LIKELY TO COME DOWN MUCH MORE.
NOTE: FOLLOW STRICT STOPLOSS FOR BELOW RECO'S. AFTER OPENING IF THE UNDERMENTIONED RECOMMENDATIONS HITS STOPLOSS AND COME UP THEN, INITIATE BUY WITH THE SAME STOPLOSS.
BUY INDIANB SL 215 TGT 220/222/225
BUY STER SL 835 TGT 847/856/864
BUY JINDALSTEL SL 732 TGT 740/745/750
BUY IVRCLINFRA SL 179.4 TGT 182/183/185
BUY YESBANK SL 279 TGT 284/286/288

INTRADAY TIPS FOR 26 APRIL 2010

GOOD MORNING!!!

INDIAN MARKETS ON FRIDAY WHERE FIRM ON OPTIMISM ABOUT FOURTH QUARTER RESULTS OF RELIANCE WHICH HAS SHURGGED OFF ALL THE WEAKNESS OF ASIAN MARKETS AND HOPES OF NORMAL MANSOON AHEAD TO THE ANNOUNCEMENT OF MANSOON REPORT BY INDIAN METERIOLOGICAL DEPARTMENT ALSO AIDED THE RALLY IN THE INDIAN MARKETS. ALL IN ALL MARKET LOOKED STRONG AND HEALTHY IN ALL RESPECTS. ALL THE INDICIES EXCEPT FOR IT INDEX HAVE TRADED AND ENED IN POSITIVE NOTE.

TODAY NIFTY MAY OPEN POSITIVE AND INITIALLY. IF NIFTY TRADES ABOVE 5315 THEN LIKELY TO SURGE UPTO 5340 LEVELS AND ANY BREACH ABOVE THIS POINT WOULD LIKEY TO TAKE NIFTY TO 5378. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5292 THEN LIKELY TO TEST 5255 LEVELS AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 5232 LEVELS. WE MAY SEE FERTILIZERS MOVING IN THIS WEEK ON POSITIVE METRIOLOGICAL REPORT ON MANSOONS.

BUY RELIGARE ENTER LTD SL 434 TGT 458/473/483
BUY ICICIBANK SL 975 TGT 989/997/1009
BUY NAGARJUNA CONST SL 184 TGT 187/189/191
BUY SARDAEN SL 319.95 TGT 333/341/354
BUY GPIL SL 306 TGT 317/324/336
BUY TATA CHEMICALSL 340 TGT 344/347/351
BUY MADHUCON SL 165.4 TGT 171/175/180
BUY SKFINDIA SL 434.9 TGT 448/458/471
POSITIONAL TRADES
DATAMATICS TECHNOLOGIES TGT 50%/100%

INTRADAY TIPS FOR 23 APRIL 2010

GOOD MORNING!!!
INDICES INITIALLY FOLLOWED THE PATH OF ASIAN STOCKS AND SLIPPED IN THE NEGATIVE ZONE AND TURNED BACK INTO POSITIVE ZONE SOON AFTER THE INITIAL SLIDE MARKET SLOWLY AND PROGRESSIVELY RECOVERED WITH GOOD VOLUMES AND NEW INTRADAY HIGHS. THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET, WEAKENED SUBSTANTIALLY IN LATE TRADE WHEN COMPARED TO A STRONG BREADTH IN MID-AFTERNOON TRADE. IT, CAPITAL GOODS, REALTY AND METALSTOCKS FELL BUT OVERALL HEALTH OF THE MARKET STILL STRONG. THE MARKETS VOLTALITY WAS UNIDIRECTIONAL IN THE MORNING AND AFTERNOON, IT WENT UP BY 80 POINTS AND THEN CAME DOWN BY 60 POINTS AND CLOSED AT 24 POINTS ON THE UPSIDE. ALL MOST ALL THE SECTORAL INDICIES ENDED IN GREED.

ON RESULT FRONT WE HAVE 3I INFOTECH, AREVA T&D, BINANI CEMENT, BINANI INDS, CORPORATION BANK, GLAXOSMITHKL CONS, GMR INDS, MAHINDRA LIFESPACE, MERCK, MMTC, PANTALOON, PROCTER & GAMBLE, RIL ARE SOME OF THE FEW COMPANIES TO ANNOUNCE TODAY.

NIFTY TO OPEN IN GREEN AND IF CROSSES 5280 THEN LIKELY TO GO UP TO 5316 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKE IT TO 5340 LEVELS AND ANY UPSIDE BREAK FROM THIS ZONE WOULD TAKE NIFTY TO 5390 LEVELS. ON THE DOWN SIDE IF NIFTY TRADES BELOW 5226 THEN LIKELY TO COME DOWN TO 5205 AND THEN TO 5160 LEVELS. BREACH OF 5160 WOULD DRAG NIFTY TO NEW LOWS. MARKET TO REMAIN STILL STOCK SPECIFIC MOVES A HEAD OF Q4 RESULTS.

IMPORTANT NOTE MARKET AT CRUCIAL JUNCTURE STAY VERY CAUTIOUS AT THIS MOMENT AND REMAIN WITH CASH TO SOME EXTENT. IN THE OPENING TRY TO EXIT STOCKS IN PROFIT AND STAY WITH MINIMUM INVESTMENT IN THE MARKET ONLY ON THE UPPER BREAKOUT ONE CAN PLAN AND THINK OF INVESTMENT. ANY RECOMMENDATION GIVEN IN THIS BLOG HAS TO BE FOLLOWED IN THE FOLLOWING MANNER BUY ANY STOCK WITH STOPLOSS AND WHEN IT REACHES THE FIRST TARGET MOVE YOUR STOPLOSS TO YOUR BUY PRICE AND BOOK 50% AND WHEN IT MOVES TO THE SECOND TARGET BOOK 50% IN THE REMAINING AND MOVE YOUR STOPLOSS TO FIRST TARGET AND THEN BOOK EVERYTHING IN THE THIRD TARGET. TODAY WHEN MARKET OPENS POSITIVE JUST ADD SOME PUTS TO YOUR PORTFOLIO AS MARKET LOOKS LITTLE HAZY AT THIS JUNCTURE WITH THE CONCERNS ALL OVER THE WORLD

BUY RIL SL 1060 TGT 1092/1100/1100
BUY MAYTAS INFRA SL 201 TGT 210/212/214
BUY SBIN SL 2204 TGT 2227/2240/2250
BUY RCOM SL 168.9 TGT 171/173/175
BUY HINDOILEXP SL 247 TGT 253/255/260
BUY BANKINDIA SL 370 TGT 375/378/380

INTRADAY TIPS FOR 22 APRIL 2010

GOOD MORNING!!!

MARKETS EXTENDED PREVIOUS DAYS GAINS, IN THE OPENING MARKET TOOK-OFF AND GAVE A FIRM START AFTER THE INITIAL SURGE IN THE MARKETS IT LIVED IN THE NARROW RANGE BAND QUITE FOR SOMETIME AND THE STARTED TO REACT ON PROFIT BOOKING AND SLIPPED INTO RED TO HIT A FRESH INTRADAY LOW IN THE AFTERNOON TRADE AND THERE AFTER IT MOVED ON BOTH POSITIVE AND NEGATIVE TERRAIN AND ENDING IN A FLAT NOTE. MARKET BREADTH WAS STRONG AND POSITIVE ON ACCOUNT OF GOOD BUYING IN SMALL AND MID CAP SEGMENT.
ON RESULT CORNER WE HAVE ACC, AMBUJA CEMENTS, BIRLA CORP, ESCORTS, M&M FIN, SASKEN COMMUNICATIONS, COROMANDAL INTL, STERLITE TECH, STAR, TATA SPONGE AND WIPRO TO ANNOUNCE THEIR NUMBERS WE MAY SEE THESE TO HAVE HIGH VOLATILITY IN TODAYS TRADE.
TODAY MARKET WOULD REMAIN IN A NARROW RANGE, NIFTY MAY OPEN NEGATIVE TO FLAT AND WOULD REMAIN IN THIS ZONE UNLESS AND UNTIL IT BREACHES THE BELOW LEVELS SPECIFIED. IF NIFTY TRADES BELOW 5226 LIKELY TO DIP DOWN TO 5209 AND BREAK BELOW THIS LEVEL WOULD COME DOWN TO 5090 AND ANY DOWNSIDE WILL TAKE IT TO 5060 AND ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5255 THEN WOULD TAKE NIFTY TO FURTHER HIGHS OF 5286 AND ABOVE THIS POINT WOULD TAKE TO 5315 ANY TRADE ABOVE THIS POINTS IS AGAIN A GOOD SIGN FOR THE MARKETS FOR THE NEAR TERM.

BUY IBREALEST ABOVE 175 SL 173.9 TGT 177.5/179.6/182
BUY AXISBANK ABOVE 1241 SL 1234 TGT 1254/1269/1278
BUY HCLTECH ABOVE 374 SL 370 TGT 380/388/393
BUY POLARIS ABOVE 186 SL 185 TGT 188.4/190/191.5
BUY RPOWER SL 158.8 TGT 161/163/166
BUY JETAIRWAYS SL 541 TGT 552/558/568

POSITIONAL TRADES
BUY INBIABULLS REALESTATE TGT 191/215

INTRADAY TIPS FOR 21 APRIL 2010

GOOD MORNING!!!

INDICES PARED GAINS IN THE MID-AFTERNOON AFTER AN INITIAL SURGE FOLLOWED BY FAVOURABLE ANNOUNCEMENT FROM RBI ON MONETARY POLICY REVIEW, AFTER A SMALL HIKE IN REPO RATE, REVERSE REPO RATE AND CRR BY 25 BASIS POINTS EACH INVESTORS HEAVED A SIGN OF RELIEF AND MARKET HAS BOUNCED 25 POINTS IN JUST A MATTER OF MINUTES AFTER THE ANNOUNCEMENT WAS MADE. THOUGH THERE WAS SLIDE OF 30 POINTS FROM DAY HIGH ON PROFIT BOOKING NOTE AT THE LATE HOUR OF TRADE MARKET STILL REMAINED FIRM AND POSITIVE, OVERALL HEALTH OF THE MARKET WAS VERY STRONG.

Q4 RESULTS OF MAJOR STOCKS TO BE ANNOUNCED TODAY: HCL TECH, HINDUSTAN ZINC, INFOTECH ENTERPRISES, PIRAMAL HEALTH, POLARIS SOFT, TVS MOTORS AND UNITED SPIRITS.

TODAY MARKET WOULD OPEN POSITIVE AND WOULD REMAIN IN A TIGHT RANGE BOUND UNLESS AND UNTIL MARKET CROSS BELOW MENTIONED RANGES IN NIFTY ON THE UPSIDE 5255 AND ON THE DOWNSIDE 5198 IF THIS TWO LEVELS ARE BREACHED THEN YOU CAN SEE NIFTY TO GIVE CLEAR TREND UNTIL THEN IT IS NO TRADING ZONE. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5255 LIKELY TO MAKE A NEXT MOVE TO 5275 LEVEL AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5300 LEVEL AND ANY CLOSE ABOVE 5258 IS A POSITIVE CLOSING AND LIKELY TO TAKE TO NEW HIGHS. ON THE DOWNSIDE IF NIFTY TRADES BELOW 5198 LIKELY TO DRAG DOWN TO 5170 LEVELS AND BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5150 WHICH IS LIKELY TO ACT AS A VERY CRUCIAL ZONE OF SUPPORT. WE MAY SEE STOCK SPECIFIC MOVE IN THE NEAR TERM AND MARKET WOULD HAVE A HIGH RANGE OF VOLATALITY AHEAD OF RESULT.

BUY SBIN SL 2092 TGT 2128/2147/2156
BUY AXISBANK SL 1182 TGT 1197/1207/1218.5
BUY BOMDYEING SL 602 TGT 624/639/648
BUY MCDOWELL-N SL 1240 TGT 1263/1274/1290
BUY GESHIP SL 329.90 TGT 340/344/353
BUY STAR SL 359.4 TGT 373/380/391
BUY GSPL SL 91 TGT 96/98/100
POSITIONAL TRADES
BUY PIRHEALTH TGT 585 (MEDIUM TERM)
BUY SARDAEN TGT 362/400 (MEDIUM TERM)

INTRADAY TIPS FOR 20 APRIL 2010

GOOD MORNING!!!

CHARGES OF FRAUD AGAINST US INVESTMENT BANK GOLDMAN SACHS HAS PAVED WAY FOR THE FIFTH STRAIGHT DAY DECLINE, THIS FRAUD HAS FUMBLED THE GLOBAL STOCKS. MARKETS OPENED NEGATIVE AND TRADED IN NARROW RANGE BOUND AND MOVED IN THE MID AFTERNOON ON A VERY FAST NOTE AND RECOVERED AROUND 60 POINTS BUT THE RECOVERY PROVED SHORT LIVED AND AGAIN IT SLIPPED BACK AND GAVE UP 20 POINTS AND CLOSED AT AROUND 60 POINTS ON NEGATIVE SIDE. BUT ALL IN ALL MARKET HAS DIGESTED THE GOLDMAN SACHS ISSUE WITH NO MUCH OF MASSACRE, THIS ALSO INDICATES THE MARKET STRENGTH. THE KEY ISSUE AND TRIGGER FOR MARKET IS MONETORY POLICY WHICH IS EXPECTED TO BE AT 12 NOON TODAY, WHICH WILL BE KEY FOR THE NEAR TERM TREND IN THE MARKETS.

TODAY MARKETS MAY OPEN FLAT TO POSITIVE AND WOULD REMAIN RANGE BOUND IN THE INITIAL TRADE AND THERE WOULD BE HUGE VOLATALITY BEFORE AND AFTER THE MONETARY POLICY. TODAY IF NIFTY TRADES ABOVE 5226 THEN ONE CAN NIFTY TO MOVE UP TO 5263 LEVELS AND TRADE ABOVE THIS POINT WOULD TAKE NIFTY TO 5300 AND TRADE ABOVE THIS POINT WOULD TAKE NIFTY TO NEW HIGHS AND ANY CLOSE ABOVE 5300 ADVISED TO GO LONGS AND ONE WOULD SEE NEW HIGHS IN THE MARKETS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5185 THEN LIKELY TO COME DOWN TO 5157 AND BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5126 AND ANY BREAK AND CLOSE BELOW 5126 LEVEL IS CONSIDERED TO BE WEAK AND WOULD DRIFT DOWN NIFTY TO 5060 LEVELS. TODAY WE MAY WITNESS BANKING STOCKS TO HAVE A SIGNIFICANT VOLATALITY IN THE MARKETS AHEAD OF MONETORY POLICY.

BUY ALBK SL 158 TGT 163/166/169
BUY ABB SL 845 TGT 862/866/871
BUY KNRCON SL 194 TGT 203/208/216
BUY JISLJALEQS SL 1079 TGT 1125/1157/1176

INTRADAY TIPS FOR 19 APRIL 2010

GOOD MORNING!!!

INTENSE VOLATILITY WAS WITNESSED IN LAST TRADING SESSION, LOWER GLOBAL STOCKS AND A LIKELY INCREASE IN KEY SHORT-TERM INTEREST RATES BY THE RESERVE BANK OF INDIA (RBI) AT A POLICY REVIEW THIS WEEK, WEIGHED ON INVESTOR SENTIMENT. INTRADAY VOLATILITY WAS IMMENSE. STOCKS CUT LOSSES SOON AFTER AN INITIAL SLIDE CAUSED BY WEAK ASIAN STOCKS BUT COULD NOT WITHSTAND THE GAINS AFTER WEAK OPENING OF EUROPEAN MARKETS, WHICH KEPT DOMESTIC BOURSES DEPRESSED IN AFTERNOON TRADE. STOCKS EXTENDED LOSSES LATER. A SUDDEN REBOUND SAW THE INDICES BRIEFLY REGAINING POSITIVE ZONE IN MID-AFTERNOON FOR A BRIEF PERIOD OF TIME BUT THE MARKET AGAIN SLIPPED INTO THE RED MAKING THE OVERALL HEALTH OF THE MARKET VERY WEAK.

TODAY MARKETS WOULD OPEN RED WITH GOLDMAN SACHS FRAUD WHICH MADE ALL THE WORLD EQUITIES TO SLIDE, THIS WOULD MAKE OUR MARKETS TO OPEN HUGE GAP DOWN OF AROUND 80 TO 100 POINTS AND WOULD TAKE CRUCIAL SUPPORT AT 5150 LEVELS. THOUGH GOLDMAN SACHS EFFECT IS NOT DIRECT TO US AS IT WOULD MAKE NO DIFFERENCE TO OUR MARKETS ONLY ON THE GLOBAL WORRIES MARKET MAY HAVE LITTLE IMPACT OF IT AND CAN SLIDE IN TODAY TRADE AND THE ONLY EFFECT THIS WOULD HAVE ON OUR MARKETS IS STOCK SPECIFIC COUNTERS WHERE GOLDMAN SACHS HAS INVESTED MAY START DECLINING. COMPANIES LIKE LIC, EDUCOMP, CESE, LANCO AND FEW OTHER. TODAY IF NIFTY TRADES BELOW 5200 WOULD LIKELY TO COME DOWN TO 5170 AND THEN TO 5150. RISKY TRADERS CAN TAKE LONG POSITION BY GOING LONG AT 5150 TO 5170 LEVELS WITH A STOPLOSS OF 5126. UPSIDE CHANCES OF NIFTY ARE REMOTE WE CAN SEE SOME BUYING ONLY ABOVE 5205 LEVELS.
SOME POSITIVE COUNTERS: UNITECH, SESAGOA, IBREAL, GE SHIPPING, TITAN, BAJAJ AUTOFIN AND JINDAL SOUTH WEST HOLDING.

SELL LIC HSG SL 852 TGT 838/827/800*
SELL LANCO INFRA SL 58 TGT 54/50/45*
SELL EDUCOMP 736 TGT 707/676/650*
SELL ICICI BANK SL 926 TGT 910/900/890
BUY MSK PROJECTS WHEN MARKET DECLINES AROUND 155 TO 158 WITH SL 150 TGT 168/175/180.

KEEP A CLOSE WATCH ON THE ABOVE POSITIVE STOCKS MENTIONED DURING MARKET DECLINE FOR BUYING WITH STRICT STOPLOSS.

INTRADAY TIPS FOR 16 APRIL 2010

GOOD MORNING!!!
STRONG SLIDE IN THE MARKET HITTING FRESH INTRADAY LOWS ON PROFIT TAKING AFTER A FEW MONTHS RALLY. INITIALLY MARKET HAD A VERY GOOD AND STRONG OPENING BUT COULD NOT SUSTAIN FOR MUCH LONGER. MARKET UNTIL MID AFTERNOON WAS VERY RANGE BOUND BUT HAS ENDED IN RED ON PROFIT BOOKING THOUGH CAPITAL GOODS, FMCG STOCKS HAVE DECLINED ALONG WITH BANKING. ON THE MACRO FRONT, INFLATION DATA ROSE LESS THAN EXPECTED, IT WAS JUST HIGHER BY .01% FROM PREVIOUS MONTH. IT WAS 9.89% IN FEBRUARY AND IT IS 9.9% IN MARCH 2010 AS PER THE LATEST DATA. OVERALL HEALTH OF THE MARKET REMAINED STRONG.

TODAY MARKET WOULD OPEN NEGATIVE AND NIFTY LIKELY TO TEST 5245 LEVELS AND BREAK BELOW THIS POINT WOULD DRAG NIFTY TO 5205 WHICH IS A KEY SUPPORT ANY BREAK BELOW THIS POINT WOULD MAKE NIFTY MUCH WEAKER AND CAN TOUCH 5205 LEVELS BUT IF NIFTY BREAKS 5200 AND CLOSES THEN LIKELY TO NOSE DIVE TO 5131 LEVELS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5292 THEN LIKELY TO MOVE UP TO 5318 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5348 LEVELS ANY POSITIVE TRADING ABOVE 5348 WOULD TAKE NIFTY TO 5414. WE MAY SEE A VERY STOCK SPECIFIC ACTIVITY IN COMING DAYS ON ACCOUNT OF Q4 RESULT.

BUY DIVISLABS SL 715 TGT 725/731/741
BUY SARDA ENERGY AND MIN LTD SL 254.5 TGT 260.4/278/284
BUY NIITTECH SL 180 TGT 183.8/186/190 S
BUY TAJGVK SL 165.5 TGT 170/173/175
BUY DABUR SL 178 TGT 180/181/182.75
BUY ROLTA ABOVE 190 SL 187 TGT 193/196/198
BUY CENTURY TEXTILES ABOVE 541 SL 535 TGT 547/552/560

INTRADAY TIPS FOR 15 APRIL 2010

GOOD MORNING!!!
MARKET WAS VOLATILE IN THE LAST TRADING SESSION IT EXTENDED LOSSES INITIALLY AND HAS RECORDED INTRADAY LOW IN THE MORNING SESSION ON WEAK ASIAN STOCKS, HOWEVER INFOSYS GAINED ON A STRONGER REVENUE GUIDANCE IN DOLLAR TERMS IT HAS PAVED PATH FOR MARKETS TO RAISE AND CAME OFF FROM DAYS LOW. MEANWHILE, THE STOCK MARKET HEAVED A SIGH OF RELIEF AS THE GOVERNMENT HAS BROKERED A TRUCE BETWEEN THE TWO WARRING FINANCIAL SECTOR REGULATORS -- THE SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI) AND INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA (IRDA) -- OVER THE SUPERVISION OF UNIT-LINKED INSURANCE PLANS (ULIPS), SIGNALLING A RETURN TO NORMAL BUSINESS FOR THE INSURANCE INDUSTRY. ULIPS ARE PRODUCTS SIMILAR TO MUTUAL FUNDS WITH AN ADDED LIFE COVER. A LARGE CHUNK OF FUNDS RAISED THROUGH ULIPS ARE INVESTED IN EQUITIES. ON MONDAY, AFTER SEVERAL ROUNDS OF TALKS, THE GOVERNMENT MANAGED TO PERSUADE BOTH THE REGULATORS -- SEBI AND IRDA -- TO SEEK A LEGAL MANDATE FROM A COURT ON OVERSIGHT OF ULIPS. FOLLOWING A MEETING BETWEEN THE CHIEFS OF SEBI AND IRDA AND SENIOR FINANCE MINISTRY OFFICIALS, BOTH THE REGULATORS HAVE DECIDED TO RESTORE STATUS QUO AND KEEP IN ABEYANCE THE ORDERS ISSUED BY BOTH LAST WEEKEND. ON FRIDAY 9 APRIL 2010, SEBI HAD BARRED 14 INSURANCE FIRMS FROM SELLING ULIPS WITHOUT ITS APPROVAL, TO WHICH IRDA REACTED THE NEXT DAY BY DIRECTING INSURERS TO IGNORE THE ORDER.

TODAY NIFTY WOULD OPEN ON POSITIVE BIAS. IF NIFTY TRADES ABOVE 5340 THEN LIKELY TO MOVE UP TO 5366 AND TRADE ABBOVE THIS POINT WOULD TAKE NIFTY TO 5390 LEVELS AND ANY CLOSE ABOVE 5390 IS CONSIDERED TO BE BULLISH IN THE NEAR TERM AND CAN EVEN ENTER INTO STOCK SPECIFIC LONGS. AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5317 THEN LIKELY TO COME DOWN TO 5290 LEVELS AND ANY BREAK BELOW THIS POINT WOULD DRAG DOWN NIFTY TO 5250 LEVELS AND ANY CLOSE BELOW 5290 IS CONSIDERED TO BE WEAK AND TRY TO STAY AWAY FROM FRESH LONGS AND DONT INITIATE FRESH POSITIONS AND TRY TO BE IN CASH.

NO RECOS FOR THE DAY

INTRADAY TIPS FOR 13 APRIL 2010

GOOD MORNING!!!

BATTLE BETWEEN TWO REGULATORS IRDA AND SEBI ON OVERSIGHT OF UNIT LINKED INSURANCE PRODUCTS OR ULIPS WEIGHED ON THE INDICES IN A VERY VOLATILE SESSION THOUGH FINANCE MINISTER MR. PRANAB MUKHERJEE AFTER MARKET HOURS QUOTED AS SAYING IN THE ELECTRONIC MEDIA THE STATUS QUO ON ULIPS WILL CONTINUE. AUTO, CAPITAL GOODS AND BANKING STOCKS LED THE FALL BUT MARKET BREADTH DIDN’T TURN WEAK. INITIALLY MARKET OPENED GAP DOWN AND SOON RECOVERED BOUNCING BACK BUT COULD NOT SUSTAIN THE INITIAL GAINS AND SLID DOWN TO RED, FURTHER WEAKEND BY SURPASSING INTRADAY LOWS OF MORNING SESSION. IIP DATA WHICH WAS RELEASED IN THE AFTERNOON PROVED TO BE SUBTLE AS THE NUMBERS WERE LOWER THAN EXPECTED 15.1% IN FEBRUARY AND ALSO LOWER THAN 16.7% RISE IN JANUARY, PRODUCTION OF CAPITAL GOODS ROSE 44.4%, WHILE CONSUMER DURABLE GOODS OUTPUT GREW BY AN ANNUAL 29.9%.
TODAY MARKETS LOOK FLAT, TODAY IF NIFTY TRADES ABOVE 5364 LIKELY TO GO UP TO 5410 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5442 AND ANY TRADE ABOVE THIS POINT WOULD TAKE NIFTY TO 5470 LEVELS AND CLOSE ABOVE 5421 WOULD TAKE NIFTY TO NEW HIGHS OF THE YEAR. IF TRADES BELOW 5322 THEN LIKELY TO COME DOWN TO 5285 AND BREAK BELOW THIS LEVEL WOULD BRING DOWN NIFTY TO 5254 LEVELS AND ANY FURTHER WEAKNESS WOULD DRIFT DOWN NIFTY TO 5202.

BUY TV18 SL 79.9 TGT 87/88/89
BUY UNITECH SL 77.40 TGT 79/80/81
BUY JAI CORP SL 284 TGT 299/306/311

INTRADAY TIPS FOR 12 APRIL 2010

GOOD MORNING!!!

LAST TRADING DAY ENDED UP WITH HUGE GAINS IN THE INDICES, INDICES HAVE GIVEN UP SOME OF ITS GAINS OF MORNING TRADE. THE SENTIMENT REMAINED FIRM TRACKING FROM EUROPEAN AND ASIAN MARKETS. FMCG, CAPITAL GOODS, METAL STOCKS EDGED HIGHER. ALL THE SECTORAL INDICES WERE ON POSITIVE ZONE. ALL IN ALL OVERALL HEALTH OF THE MARKET REMAINED STRONG AND FIRM. THE MARKET IS ENTERING AN IMPORTANT PERIOD OF QUARTERLY EARNINGS, WE EXPECT SOME GOOD NEWS ON THE RESULTS FRONT

TODAY MARKET LOOKS POSITIVE WITH US AND EUROPEAN INDICES CLOSING POSITIVE ALONG WITH STRONG MONDAY OPENING IN ASIAN INDICES. TODAY IF NIFTY TRADES ABOVE 5390 LIKELY TO GO UP TO 5421 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5442 AND ANY TRADE ABOVE THIS POINT WOULD TAKE NIFTY TO 5470 LEVELS AND CLOSE ABOVE 5421 WOULD TAKE NIFTY TO NEW HIGHS OF THE YEAR. IF TRADES BELOW 5340 THEN LIKELY TO COME DOWN TO 5285 AND BREAK BELOW THIS LEVEL WOULD BRING DOWN NIFTY TO 5254 LEVELS AND ANY FURTHER WEAKNESS WOULD DRIFT DOWN NIFTY TO 5202.

BUY VBC INDUSTRIES SL 24.5 TGT 25.4/26.50/27.25
BUY BHARAT FORGE 273/275/278
BUY VBC FERRO ABOVE 411.75 SL 409.8 415/419/425
BUY VOLTAS SL 186.40 TGT 188/189/194
BUY IDFC SL 173.60 TGT 175.75/177.85/179
BUY INDIAN BANK CMP 185.15 SL 184.6 TGT 187/189/190.80

POSITIONAL TRADES
BUY ABRILANUVO CMP 957 SL 953 TGT 973/994/1009
BUY HDFC CMP 2838.35 SL 2830 TGT 2875/2896/2917/2942
BUY RIIL CMP 906.70 TGT 1100/1200/1330
BUY RELINFRA CMP 1101.55 1222/1258
BUY INDIABULLS FINANCIAL CMP 126.90 TGT 140/165/175
BUY MAHA SEAMLESS TGT 425/475
BUY TATA CHEMICALS TGT 356 (SHORT TERM)

INTRADAY TIPS FOR 09 APRIL 2010

GOOD MORNING!!!

KEY BENCHMARK INDICES SLUMPED DOWN ON WEAKNESS IN THE GLOBAL MARKETS AND PROFIT TAKING AFTER A THREE MONTH NON STOP RALLY FURTHER MARKETS GOT WEAKER WHEN THE INFLATION DATA WAS RELEASED ON THE SURGE IN FOOD INFLATION FROM 16.35% TO 17.70% MARKET GOT WEAKENED FURTHER, THIS MAY PUT PRESSURE ON RESERVE BANK OF INDIA TO REVIEW ITS MONETARY POLICY WHICH IS SCHEDULED ON 20 APRIL 2010, ON THIS NOTE AUTO AND BANKING STOCKS FELL. THE BREADTH OF THE MARKET TURNED NEGATIVE. STOCK SPECIFIC ACTIVITY WILL RULE IN THE MARKET IN THE NEAR TERM BASED ON THE EXPECTATIONS OF Q4 AS THERE ARE GOOD EXPECTATIONS OF FOURTH QUARTER RESULT AND HEAVY FOREIGN FUND INFLOWS AND RELEASE OF MONSOON REPORT BY METEOROLOGICAL DEPARTMENT THESE ARE TWO MAIN TRIGGER IN THE MARKET WHICH MAY LIKELY TO CONTAIN THE MARKET FROM DROPPING DOWN.

TODAY MARKET IF TRADES BELOW 5290 THEN LIKELY TO COME DOWN TO 5275 AND BREAK BELOW THIS LEVEL WOULD BE 5245 LEVELS AND ANY FURTHER WEAKNESS WOULD DRIFT DOWN NIFTY TO 5205 WHICH IS KEY ZONE FOR NIFTY TO HOLD IN THE NEAR TERM ANY BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO MUCH LOWER. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5315 LIKELY TO GO UP TO 5342 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5370 LEVELS AND CLOSE ABOVE 5342 WOULD TAKE NIFTY TO NEW HIGHS OF THE YEAR. TODAY WE MAY SEE LOT OF ACTIVITY AND VOLATILITY IN TELECOM SHARE AHEAD OF 3G AUCTION TODAY.
POSITIVE STOCKS: VOLTAS, PHOENIX MILLS, KSK ENERGY, BPCL, VIPIND, SOBHA, VENKEYS, CARBORUNIV, IGL, TATA COFFEE.
WEAK STOCKS: CAIRN, HINDOILEXP, ONGC
BUY ESSAROIL SL 148.5 TGT 153/155/159
BUY SESAGOA SL 484 TGT 494/497/500
BUY JAICORPLTD SL 278 TGT 289/294/299
BUY STER SL 859 TGT 872/876/880
BUY RIIL SL 887 TGT 917/930/954
BUY MPHASIS SL 646 TGT 658/665/672
BUY DABUR SL 169 TGT 172/173.75/175.4
POSITIONAL TRADES
BUY SHREE PRECOATED STEELS LTD CMP 17 TGT 27/54/67

INTRADAY TIPS FOR 08 APRIL 2010

GOOD MORNING!!!

MOST IMPORTANT DRIVE IN THE MARKET WAS NOTHING OTHER THAN VOLATILITY WHICH AS RULED THE ROOST AFTER TOUCHING THE PSYCHOLOGICAL FIGURE OF 18000 IN SENSEX AND NEAR TO 5400 IN NIFTY. MARKET MOVED IN A VERY NARROW RANGE IN THE ENTIRE DAY. REALTY STOCKS GAINED. AUTO STOCKS ALSO ROSE ON THE BACK OF ROBUST MARCH 2010 SALES FIGURES. CAPITAL GOODS STOCKS GAINED AND FMCG SHARES DECLINED ON PROFIT TAKING. THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET, WAS STRONG. IT STOCKS DECLINED ON A RECENT SURGE IN RUPEE AGAINST THE DOLLAR. IN THE NEAR TERM WE MAY SEE STOCK SPECIFIC ACTION TO RULE THE ROOST OF THE MARKET ON EXPECTATIONS OF Q4 MARCH 2010 RESULTS.

TODAY MARKET LOOKS FLAT BUT THE MARKETS ARE AT KEY ZONE ONE HAS TO WATCH OUT CAREFULLY ON THE LEVELS FOR TRADING ON INTRADAY PERSPECTIVE, IF NIFTY TRADES ABOVE 5397 ONLY THEN ONE IS ADVISED TO GO LONG ON INTRADAY BASIS FOR A TARGET OF 5440 LEVELS AND BREAK ABOVE WOULD TAKE TO 5535 LEVELS ON POSITIONAL FRONT. AND ON THE DOWNSIDE IF NIFTY TRADES 5360 THEN LIKELY TO COME DOWN TO 5340 AND THEN TO 5305 LEVELS ANY CLOSE BELOW 5300 WOULD BE WEAK. WE MAY SEE STOCK SPECIFIC ACTIVITY MOVING FROM HERE ON. POWER STOCKS LOOKING GOOD.

BUY RPOWER SL 154.9 TGT 161/163/165
BUY POWER GRID SL 109 TGT 111/114/116
SELL GMRINFRA SL 61.6 TGT 59.4/58.7/57

INTRADAY TIPS FOR 07 APRIL 2010

GOOD MORNING!!!

KEY INDICES EDGED HIGHER IN THE EARLY TRADE ON BUYING IN THE INDEX PIVOTALS. THOUGH TRADING WAS RANGE BOUND AS STOCKS ARE IN THE PHASE OF CONSOLIDATION AS MARKETS HAVE RALLIED IN THE RECENT PAST. YESTERDAY AFTER INDICES HIT THE HIGHS OF 25 MONTHS THERE WAS SOME PROFIT BOOKING CROPPED IN THE VOLUMES WERE NOT THAT HIGH IN THE NIFTY AND THE DAY WAS IN A VERY NARROW RANGE, MARKET WAS ALL IN ALL VERY RANGE BOUND BUT BREADTH OF THE MARKET REMAINED STRONG.

TODAY MARKETS MAY OPEN POSITIVE TO FLAT AND WOULD REMAIN RANGE BOUND UNTIL THE SPECIFIED LEVELS ARE CROSSED. IF NIFTY TRADES ABOVE 5400 THEN LIKELY TO MOVE UP TO 5440 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5500 LEVELS ANY CLOSING ABOVE 5400 IS CONSIDERED TO BE VERY GOOD AND LIKELY TO TEST 5500 LEVELS VERY SOON. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5338 THEN LIKELY TO COME DOWN TO 5302 LEVELS AND ANY BREAK BELOW THIS LEVEL WOULD DRAG TO 5270 AND CLOSING BELOW 5270 IS CONSIDERED TO BE WEAK AND FURTHER WEAKNESS WILL CROP IN BELOW THIS LEVEL ONE IS ADVISED TO EXIT LONGS IF NIFTY CLOSES BELOW 5270.

BUY ASSAM COMPANY SL 22.90 TGT 25/ 25.75/26.5
BUY RNRL SL 64 TGT 68/69/70
BUY KFA SL 47 TGT 49.8/50.9/52
BUY TATASTEEL SL 684 TGT 692/695/699

POSITIONAL CALLS
BUY ASSAM COMPANY TGT 30 SHORT TERM

INTRADAY TIPS FOR 06 APRIL 2010

GOOD MORNING!!!
HEAVY CONTINUAL SUSTAINED BUYING IN ALL THE FRONT END STOCKS LIFTED THE INDICES TO THE NEW HIGHS OF 25 MONTHS. GLOBAL INDICES ALSO ON A VERY BULLISH NOTE, US MARKETS ARE AT 18 MONTH HIGH AND ASIAN MARKETS AT 19 MONTH HIGH. MARKET OPENED POSITIVE ON THE GLOBAL CUES BUT COULDN’T SUSTAINED THE FIRM OPENING, IT CAME OFF FROM THE OPENING HIGH AND MARKET RETESTED THE HIGHER LEVELS BY NOON AND AGAIN GAVE OFF AFTER FORMING A DOUBLE TOP AND LATER IN THE LATE AFTERNOON TRADE IN THE CLOSING BELL MARKET TOOK OFF TO THE NEW HIGHS SURPASSING ALL THE BARRIERS IN THE INDICES OF 25 MONTHS.THE MARKET BREADTH WAS STRONG. WITH MONTHLY SALES OF AUTO FIRMS OUTPERFORMING AUTO STOCKS WERE IN DEMAND. METAL STOCKS ROSE ON FIRM CLOSING AT LME PREVIOUS CLOSING. IT STOCKS DECLINED IN VOLATILE TRADE ON A FIRM RUPEE.

TODAY MARKET LOOKS POSITIVE, AS NIFTY TRADED WITH GOOD VOLUMES YESTERDAY AND MARKET CLOSED ON HIGHER HIGHS OF THE DAY LIKELY TO OPEN POSITIVE. IF NIFTY TRADES ABOVE 5370 LIKELY TO TOUCH 5400 LEVELS WHERE YOU FIND GOOD RESISTANCE BUT IF NIFTY MANAGES TO CROSS 5400 LEVELS THEN WE CAN SEE NIFTY TO MOVE FURTHER HIGHS AND WILL MANAGE TO GIVE GOOD SHOW EVEN ON THE RESULTS FRONT AS THE ADVANCED TAX PAYEMENTS WERE BEYOND EXPECTATIONS, LIKELY TO MOVE UP FURTHER ON THE RESULTS. ANOTHER MAJOR TRIGGER FOR MARKETS IS MANSOON REPORT LIKELY TO BE ANNOUNCED IN THE NEXT WEEK WHICH WILL ACT AS A KEY TRIGGER ANY POSITIVE NEWS WOULD TRIG MARKET TO 5600 LEVELS ALONG WITH THE RESULTS. ON THE NEGATIVE SIDE IF NIFTY TRADES 5342 THEN LIKELY TO MAKE A DIP TO 5324 LEVELS AND ANY BREAK WOULD MAKE NIFTY TO DRIFT DOWN TO 5302 LEVELS AND IF NIFTY DOES NOT MANAGE TO HOLD THIS LEVEL THEN MAY SEE FURTHER DOWNFALL TO 5276 LEVELS, ANY CLOSING BELOW 5300 IS CONSIDERED TO BE WEAK ON SHORT TERM.

POSITIVE STOCKS: ALBK, RAYMOND, HDIL, UNITECH, BAJAJ AUTO, BANK OF BARODA, BANK INDIA, BHARTI, BHEL, GSPL, RCOM, BIOCON, BHUSHAN STEEL

BUY ABIRLA NUVO SL 914 TGT 934/946/962*
BUY NAGARCONST SL 172 TGT 178/182/184*
BUY PRAJ SL 88 TGT 92/94/96
BUY JUBLFOOD SL 349 TGT 400/424/450
BUY DLF SL 319 TGT 329/335/339
BUY RELIANCE SL 1118 TGT 1138/1142/ 114
BUY IBREALEST SL 151.90 TGT 162/164/168
POSITIONAL TRADES
BUY HDFC TGT 2885 CMP 2789

INTRADAY TIPS FOR 05 APRIL 2010

GOOD MORNING!!!

WITH THE SPIKE IN INDICIES AND BUILDUP OF FRESH POSITIONS ON THE FIRST FINANCIAL DAY OF THE YEAR INDICIES REGAINED THE PREVIOUS TWO DAYS SLIDE. MARKET GAINED STRENGTH IN THE EARLY TRADE AND SLIPPED A LITTLE DURING THE DATA OF SLOW DOWN OF MANUFACTURING GROWTH FROM THE PREVIOUS MONTH AND HAS REGAINED STRENGTH WITH THE FIRM GLOBAL INDICIES. MARKET BREADTH WAS STRONG AND IT STOCKS WERE ON BARGAIN HUNTING AFTER A RECENT FALL WITH THE RUPEE GETTING STRONGER OVER DOLLAR AND AHEAD OF Q4 IT STOCKS REGAINED STRENGTH. BANKING, METALS, INFRASTRUCTURE AND CAPITAL GOODS STOCKS ROSE ALONG WITH RELIANCE ON EXPECTATION OF ROBUST Q4 EARNINGS.

TODAY MARKETS LOOKS POSITIVE ON GLOBAL CUES WITH ALL MOST ALL THE ASIAN MARKETS TRADING IN POSITIVE ZONE. IF NIFTY TRADES ABOVE 5315 THEN WE MAY HEAD UPWARDS TO 5339 AND TRADE ABOVE THIS WOULD TAKE NIFTY TO 5368 AND ANY TRADE ABOVE THIS POINT WOULD TOUCH NIFTY TO 5400 LEVELS AND ON THE DOWN SIDE IF NIFTY TRADES BELOW 5302 THEN LIKELY TO DECLINE TO 5276 AND ANY TRADE BELOW THIS POINT WOULD DRAG NIFTY DOWN TO 5244 LEVELS AND ANY BREAK BELOW THIS LEVEL WOULD DRIFT DOWN TO 5205 AND CLOSE BELOW THIS POINT IS CONSIDERED TO BE WEAK AND ON IS ADVISED TO STAY SHORT BELOW THIS POINT.

POSITIVE STOCKS: EDUCOMP, JAICORPLTD, SUBHASH PROJECTS, BHARTISHIP, JP ASSOCIATES AND AGEE GOLD.

BUY UNION BANK SL 299 TGT 304/309/314
BUY MAYTASINFR SL 179.9 TGT 215/225/253
BUY HINDOILEXP SL 228 TGT 258/268/294
BUY RECLTD SL 254 TGT 263/269/274
BUY ESCORTS SL 159 TGT 174/179/184
BUY JINDALSAW SL 214 TGT 224/227/229
BUY CROMPGREAV SL 269 TGT 279/284/287
BUY RELINFRA SL 838 TGT 880/913/942
BUY PUNJLLOYD SL 175 TGT 182/188/196

POSITIONAL TRADES
BUY TOURISM FINANCE CORP @ 28 TGT 30/32
BUY UNI ABEX ALLOYS LTD *** (MUST BUY AND JUST HOLD) CMP 170
BUY INDRAPRASTHA MEDICAL CORP @ 46.35 TGT 58
BUY MSK PROJECTS TGT 220

INTRADAY TIPS FOR 01 APRIL 2010

GOOD MORNING!!!

CLOSING OF THE FINANCIAL YEAR ENDED IN RED, THE LOSSES CONTINUED FOR THE STRAIGHT SECOND DAY AS ASIAN STOCKS ALONG WITH US INDEX FUTURES FELL. DURING THE DAY THE MARKET WAS VERY VOLATILE HOVERING INTO POSITIVE AND NEGATIVE TERITORRY IT SLIPPED TO RED IN THE MORNING AND WITH THE EUROPEAN STOCKS EDGING HIGHER MARKET REGAINED TO POSITIVE ZONE BUT COULDN’T SUSTAIN WITH WEAK ASIAN INDICES AND MARKET GAVE UP ALL THE GAINS AND ENDED IN LOSSESS. FMCG AND IT STOCKS FELL. OVERALL STRENGTH AND BREADTH OF THE MARKET REMAINED POSITIVE. FOREIGN INSTITUTIONAL INVESTORS HAVE MADE HEAVY PURCHASES OF INDIAN STOCKS IN THE PAST FEW WEEKS HELPING STOCKS REGISTER STRONG GAINS THIS MONTH. THE SENSEX HAD JUMPED 1,457.15 POINTS OR 8.96% TO A 2-YEAR CLOSING HIGH OF 17711.35 ON MONDAY, 29 MARCH 2010, FROM A LOW OF 16,254.20 ON 25 FEBRUARY 2010. AS PER DATA FROM THE STOCK EXCHANGES, FOREIGN INSTITUTIONAL INVESTORS (FIIS) BOUGHT STOCKS WORTH A NET RS 14,358.81 CRORE THIS MONTH, TILL 30 MARCH 2010. TODAY TRADERS MAY REFRAIN FROM BUILDING LARGE POSITIONS AHEAD OF A LONG WEEKEND AS THE STOCK MARKET REMAINS CLOSED ON FRIDAY, 2 APRIL 2010, ON ACCOUNT OF GOOD FRIDAY. ACCORDING A REPORT FOR INDUSTRY SECRETARY THE INDUSTRIAL OUTPUT IN FEBRUARY IS EXPECTED TO HAVE GROWN 16% YEAR-ON-YEAR. FEW OTHER MAJOR DATA WHICH WILL RULE THE STOCK MARKET IN THE WEEK TO COME ARE Q4, MANSOON FORCAST, IIP AND RBI MEET.

TODAY WE MAY SEE MARKETS TO TRADE NEGATIVE AND MAY TRY TO BOUNCE BACK AT 5236 LEVELS AND 5207 LEVELS. OVERALL WE CAN STILL REMAIN POSITIVE ON THE NEAR TERM VIEW THOUGH SHORT TERM REMAINS WEAK IF CLOSING BELOW 5200 IN NIFTY TAKES PLACE. TODAY IF NIFTY TRADES BELOW 5258 THEN LIKELY TO DIP DOWN TO 5236 LEVELS AND ANY BREAK BELOW THIS LEVEL WOULD DRIFT DOWN THE MARKETS TO 5207 AND ANY CLOSING BELOW 5200 IS CONSIDERED TO BE WEAK AND ON IS ADVISED TO EXIT ALL THE LONG POSITIONS AND STAY SHORT. ON THE POSITIVE NOTE IF NIFTY TRADES ABOVE 5276 THEN LIKELY TO MOVE UP TO 5302 LEVELS AND ANY BREAK ABOVE 5302 IS CONSIDERED TO BE STRONG, ONE IS ADVISED TO STAY INVESTED IF NIFTY CLOSES ABOVE 5302 LEVELS AS THIS IS AGAIN CONSIDERED TO BE GOOD CLOSING.

BUY AGEE GOLD SL 209 TGT 228/235/260
BUY HANUNG TOYS SL 219.85 TGT 235/243/250
BUY SESAGOA SL 463.9 TGT 477/484/492
BUY SAIL SL 248 TGT 257/259/263
BUY SINTEX SL 292 TGT 300/302/304
BUY AIA ENGG SL 389 TGT 407/410/414

POSITIONAL TRADES
BUY VALECHA ENGG TGT 215
BUY AGEE GOLD TGT 296/500
BUY HDFC TGT 2887
BUY BGRENERGY TGT 570
BUY TTK PRESTIGE TGT 700
BUY AMTEK AUTO TGT 250