INTRADAY TIPS FOR 31 MAY 2010

GOOD MORNING!!!

MARKETS GYRATED IN A TIGHT BAND DURING THE LAST TRADING SESSION AS INVESTORS WERE AVOIDING TAKING BIG POSITIONS IN SHARES FOLLOWING RALLY IN PAST TWO SESSIONS AND HAVING SEEN THE MARKETS BEHAVING VERY ERRATIC . THOUGH THE OVERALL SENTIMENT REMAINED ON A POSITIVE SIDE; THE MARKETS WERE MISSING THE ZING OF LAST TWO TRADING SESSIONS. STOCKS FROM METAL, REALTY AND CONSUMER DURABLES SPACE REMAINED FAVOURITE AMONG INVESTORS. AS PER THE DATA RELEASED BY GOVERNMENT ON THE LAST TRADING DAY FOOD INFLATION STOOD AT 16.23% DURING THE WEEK UNDER REVIEW, MARGINALLY LOWER AS COMPARED WITH 16.43% IN THE PREVIOUS WEEK. THE INDEX FOR FOOD ARTICLES DECLINED MARGINALLY BY 0.1% TO 293.6 FROM 293.9 FOR THE PREVIOUS WEEK, DESPITE GOVERNMENT TAKING A NUMBER OF MEASURES TO BRING DOWN THE FOOD PRICES BUT STILL REMAINS AT HIGHEST LEVELS.

TODAY MARKETS LIKELY TO TRADE IN THE RANGE SPECIFIED BELOW IF NIFTY TRADES ABOVE 5050 THEN LIKELY TO MOVE UP TO 5080 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5100 LEVELS AND IT IS VERY DIFFICULT FOR NIFTY TO CROSS 5165 LEVELS AND TRADE AND WE EXPECT NIFTY TO COME DOWN AND BREAK THE PREVIOUS LOWS OF THE MONTH THIS IS THE RETRACEMENT PHASE AND EXPECTED TO REACH TO THE MAXIMUM OF 5165 LEVELS, ONE CAN GO SHORT AROUND 5100+ LEVELS WITH A STRICT STOPLOSS OF 5165 LEVELS ON CLOSING BASIS FOR A VERY GOOD REWARD. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5025 THEN LIKELY TO COME DOWN TO 5000 LEVELS AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY TO 4950 LEVEL AND ANY CLOSING BELOW 4950 IS CONSIDERED TO BE VERY WEAK AND WEAKNESS TO PERSIST IN THE DAYS AHEAD. NIFTY TRADING IN HUGE DISCOUNT WHICH IS ALSO A MATTER OF CONCERN WHICH IS NOW TRADING AT A DISCOUNT OF 30 POINTS, ONE IS CAUTIONED TO TRADE VERY CAREFULLY.

BUY IFCI SL 51.5 TGT 52.5/53.25/54.45
BUY RCOM SL 144.5 TGT 148/152/155
BUY VISA STEEL SL 33.45 TGT 35.5/36.5/37.5

BUY BAJAJ HIND SL 104 TGT 110/112/114
BUY NATIONAL FERT SL 99.60 TGT 102/104/106

INTRADAY TIPS FOR 28 MAY 2010

GOOD MORNING!!!

MARKETS COMPLETELY OUT PERFORMED AFTER CHINA SIGNALLED SUPPORT FOR THE EURO ZONE. INITIALLY MARKETS MIRRORING A RECOVERY IN ASIAN STOCKS AND STRUGGLED TO SURPASS 5000 MARK BUT NO SOONER THE MARKET GOT THE NEWS OF CHINA’S SUPPORT FOR EURO ZONE MARKETS BLASTED AND TRADERS ROLLED OVER POSITIONS IN DERIVATIVE SEGMENT FROM MAY TO JUNE CONTRACT AHEAD OF EXPIRY. THE OVERALL MARKET BREADTH REMAINED STRONG, AS THE DAY PROGRESSED THE MARKET HAS BECOME STRONGER. BANKING, METAL, AUTO, CAPITAL GOODS AND IT PIVOTALS SHARES ADVANCED GAINED ON FRESH BUYING. ALL IN ALL IT WAS A HEALTHY ENDING OF MAY CONTRACTS.

TODAY MARKETS LOOK POSITIVE ON GLOBAL CUES AS EUROPEAN AND AMERICAN STOCKS ENDED ABOVE 3% AND WITH ASIAN STOCKS SURGING, WE MAY INITIALLY WITNESS MARKETS TO MOVE UP BUT ONE NEEDS TO BE ON A VERY CAUTIOUS AS THE SURGE IS PURELY ON THE ANNOUNCEMENT OF CHINA SIGNALLING SUPPORT FOR EURO ZONE AND IT IS WISE TO TAKE LESS LONG POSITIONS AS WE SEE MARKETS STILL AT A VERY CRUCIAL JUNCTURE AND DIDN’T SIGNAL BUYING. IF NIFTY TRADES ABOVE 5000 THEN LIKELY TO GO TO 5050 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY 5070 WE MAY SEE NIFTY TO WEAKEN WHEN IT TRADES ABOVE 5050 LEVELS, ONE NEEDS TO BE VERY CAUTIOUS ON A SHORT TERM VIEW THOUGH LONG TERM VIEW ON NIFTY STILL HOLDS STRENGTH. IF NIFTY TRADES BELOW 4990 THEN ONE CAN SEE NIFTY TO SLIDE DOWN TO 4940 LEVELS AND BREAK BELOW THIS WOULD THEN TAKE TO 4940. FOR TODAY MARKETS LIKELY TO BOUNCE AND TRAIL WITH STRICT STOPLOSS.

BUY TATASTEEL SL 486 TGT 498/504/509
BUY JSWSTEEL SL 1074 TGT 1090/1098/1111
BUY TATAMOTORS SL 738 TGT 757/769/779
BUY ESCORTS SL 176 TGT 182/185/187
BUY HINDOIL EXPLORATION SL 179 TGT 190/193/197

INTRADAY TIPS FOR 27 MAY 2010

GOOD MORNING!!!

MARKETS HAVE BOUNCED BACK ON A STRONG NOTE UNDERPINNED BY GLOBAL CUES REVERSING MOST OF THE LOSSES FROM THEIR PREVIOUS SESSION AND MANAGED TO CROSS ABOVE 4900, IT WAS A FLAT START INITIALLY BUT TOOK MOMENTUM AFTER THAT AND EDGED HIGHER SOON AFTER EUROPEAN STOCKS OPENING HIGH AND TRACKING US INDEX FUTURES STRENGTH. PARTICIPATION FROM ACROSS THE BOARD IGNITED NIFTY TO SURPASS THE CRUCIAL 4900 MARK. IT, REALITY, AUTO AND METALS LEAD THE RALLY, THERE WAS LOT OF VOLATALITY DURING THE TRADE AS TRADERS ROLLED OVER THEIR POSITIONS FROM CURRENT MONTH F&O TO THE NEXT SERIES. THERE WAS CONSTANT UPMOVE IN THE MARKET ON ADVANCE/DECLINE RATIO SHOWING THE POSITIVE STRENGTH IN THE MARKETS. THOUGH THE VALUATIONS LOOKS ATTRACTIVE INVESTORS LITTLE APPREHENSIVE IN TAKING DELIVERY AS THERE IS STILL SCOPE OF WORRY.

TODAY NIFTY MAY OPEN FLAT AND WOULD SEE LOT OF VOLATALITY DURING THE ENTIRE DAY. IF NIFTY TRADES ABOVE 4930 THEN ONE IS ADVISED TO GO LONG AND IF NIFTY TRADES ABOVE 4930 THEN LIKELY TO MOVE UPTO 4950 AND THEN TO 4975 AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 4905 THEN LIKELY TO DIP DOWN TO 4875 AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY TO 4855 LEVELS AND ANY TRADE BELOW 4850 CAN LEAD NIFTY TO 4816 LEVELS. TODAY WE MAY SEE LOT OF VOLATALITY IN THE MARKETS AS THERE IS EXPIRY OF CURRENT MONTH CONTRACTS. ONE IS ADVISED TO STAY AWAY FROM LONG POSITIONS FOR FRIDAY AS MARKET HAS LITTLE PARTICIPATION FROM FII’S AND DII’S WHEN MARKET IS MOVING UP AND HEAVY PARTICIPATION WHEN MARKET IS COMING DOWN WHICH CLEARLY INDICATES THE TREND STILL REMAINS DOWNSIDE WAIT FOR GOOD REVERSAL THEN ONE CAN GO LONG, TILL THEN IT IS WISE TO STAY ON CASH.

BUY CAIRN SL 280 TGT 286/289/292
BUY MCDOWEL SL 1143 TGT 1180/1196/1219
BUY IBREAL SL 150 TGT 153/156/158
BUY HDFC SL 2670 TGT 2710/2724/2748
BUY SESAGOA SL 320 TGT 330/334/338

NOTE: STAY CAUTIOUS AS MARKET WOULD BE VERY VOLTILE AND TRADE WITH LESS QTY

INTRADAY TIPS FOR 26 MAY 2010

GOOD MORNING!!!

BULLS HAVE GONE ABSOLUTELY MAD ON BEARS STRENGTH IN THE MARKET WITH GLOBAL TURMOIL ALMOST ALL THE EQUITIES HAVE BLEEDED TO THE CORE. MAXIMUM SECURITIES WERE DEEPLY WOUNDED ON THE STREET. WE HAVE WITNESSED HUGE SELL-OFF IN METALS, CONSUMER DURABLES, CAPITAL GOODS, OIL & GAS. NO SEGMENT OF THE MARKET MANAGED TO SHOW SIGNIFICANT STRENGTH DURING ENTIRE DAY. THOUGH THE MARKET STARTED OF NEGATIVE IT EVEN BECOME WORSE AS THE DAY PROGRESSED AND ENDED THE STOCKS MUCH LOWER AND DRAGGED THE NIFTY BELOW CRUCIAL 4800 MARK FOR THE FIRST TIME SINCE FEBRUARY, SHORT COVERING AT THE END HELPED THE BENCHMARK INDICES TO CLOSE ABOVE 4800 MARK. BREADTH OF THE MARKET REMAINED VERY WEAK THOUGHOUT THE SESSION. MARKETS HAVE WITNESSED SECOND HIGHEST TURNOVER IN THE HISTORY OF TRADE YESTERDAY.

TODAY MARKETS WOULD OPEN FLAT AND VERY VOLATILE. IF NIFTY TRADES BELOW 4800 THEN WOULD TAKE NIFTY DOWN TO 4775 AND THEN TO 4750 AND BREAK BELOW 4750 WOULD TAKE IT TO 4700 AND ONE CAN INITIATE LONGS PARTIALLY AROUND 4700 LEVELS. IF NIFTY TRADES ABOVE 4830 IT WOULD TAKE NIFTY TO 4856 AND THEN TO 4875 ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 4910 LEVELS. AS WE ARE AHEAD OF EXIPRY WE MAY WITNESS HUGE VOLATALITY SO MARKET WOULD BE VERY RANGE BOUND.

GSPL, AXIS IT&T, SESAGOA, DLF THESE ARE THE SCRIPS ONE CAN INITIATE BUY ON DECLINES

BUY IGL SL 225 TGT 232/236/242
BUY GODREJCP SL 326.9 TGT 337/344/355
BUY OIL INDIA SL 1225 TGT 1239/1250/1264

INTRADAY TIPS FOR 25 MAY 2010

GOOD MORNING!!!

AFTER GETTING OFF TO A FLYING START THIS MORNING MARKETS FAILED TO HOLD THE POSITIVE STREAK AND GAVE AWAY ALL THE GAINS BY THE END OF THE TRADING SESSION. MARKETS OPENED UP AROUND 70 POINTS AND THEN MANAGED TO GO UP BY AROUND 100 POINTS AND BY THE END OF THE TRADING SESSION IT HAS TRADED IN NEGATIVE, THE RALLY WAS INITIALLY TRIGGERED BY THE BIGGEST CORPORATE ANNOUNCEMENTS OF THE COUNTRY IN WHICH TWO LEADING BUSINESS TYCOONS OF THE COUNTRY AMBANI BROTHERS AGREED TO CANCEL ALL EXISTING NON-COMPETE ARRANGEMENTS EXECUTED IN JANUARY 2006. OIL & GAS, POWER AND CAPITAL GOODS SHARES HOGGED THE LIMELIGHT DURING THE SESSION WHILE REALTY, METAL AND AUTO STOCKS COULD NOT SUSTAIN THEIR EARLY GAINS AND THEY FINISHED LOWER. THE SMALL-CAP STOCKS OUTPERFORMED THEIR LARGE-CAP STOCKS IN TRADE.

TODAY MARKETS WOULD OPEN NEGATIVE AND IF NIFTY TRADES BELOW 4900 THEN LIKELY TO COME DOWN TO 4874 AND THEN TO 4850 AND ANY TRADES BELOW 4850 WILL DRAG NIFTY DOWN TO 4800 AND THEN TO 4675 LEVELS IN A SHORT SPAN OF TIME. ON THE POSITIVE SIDE ONLY IF NIFTY TRADES ABOVE 4950 ONE CAN THINK OF INITIATING LONGS UNTIL THAN IT IS ADVISED TO STAY CAUTIOUS IN THIS MARKET.

SELL SESAGOA SL 344 TGT 332/329/326
SELL ICICI BANK SL 834 TGT 818/812/807
SELL SBI SL 2234 TGT 2206/2195/2186

INTRADAY TIPS FOR 24 MAY 2010

GOOD MORNING!!!

OUR MARKETS MANAGED TO DIGEST THE GLOBAL HEAT ON SELLING WHICH LED THE RECOVERY BY CHINEESE MARKETS, THOUGH US MARKETS WITNESSED IMMENSE SELLING PRESSURE AFTER ECONOMIC DATA SHOWED UNEXPECTED RISE IN PEOPLE APPLYING FOR UNEMPLOYMENT BENEFITS LAST WEAK. EUROPEAN DEBT ISSUE ALSO CONTINUED TO HAUNT INVESTORS ALL OVER THE WORLD WHICH RESULTED IN HUGE COLLAPSE IN ALL THE WORLD INDICES, GERMANYS DECISION TO CURB NAKED SHORT SELLING IN FEW SECURITIES ADDED FUEL TO THE FIRE, THIS HAS DAMPENED THE SENTIMENTS FURTHER LEADING TO PRESSUE. DURING THE LAST SESSION MARKETS OPENED GAP DOWN AND HAVE TOUCHED THE THREE MONTH LOWS AND THEN BARGAIN HUNTING IN MAJOR STOCKS HELPED THE MARKETS TO REGAIN THE STRENGTH, MARKET MOVED IN NARROW RANGE IN THE MORNING SESSIONS AND SLOWLY STARTED RECOVERING.

TODAY MARKETS WOULD OPEN GAP UP. IF NIFTY TRADES ABOVE 4942 THEN LIKELY TO GO TO 4967 AND THEN TO 4994 AND ANY BREAK AND TRADE ABOVE 5016 WOULD TAKE NIFTY TO 5062. AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4916 THEN WE MAY SEE NIFTY TO DRIFT DOWN TO 4874 AND THEN TO 4851 LEVELS AND ANY BREAK BELOW 4851 IS CONSIDERED TO BE VERY WEAK IN NIFTY AND ONE CAN SEE NIFTY TO TOUCH 4675 BEFORE EXPIRY.

BUY JSPL SL 628 TGT 642/648/654
BUY RECLTD SL 274 TGT 280/283/285
BUY JINDALSAW SL 186 TGT 189.4/192/194
BUY MARUTI SL 1224 TGT 1245/1257/1265
BUY JAINIRRIGATION SL 958 TGT 995/1004/1013
BUY MUNDRA PORT SL 664 TGT 679/683/688

INTRADAY TIPS FOR 21 MAY 2010

GOOD MORNING!!!

LAST DAY MARKETS STARTED OFF IN GREEN DESPITE WEAKNESS PERSISTING EVEN AFTER WEAKNESS IN ITS OTHER REGIONAL PEERS AND MARKETS ENDED IN THE POSITIVE TERRAIN. THE FAVOURABLE OUTCOME OF THIRD GENERATION (3G) MOBILE SPECTRUM AUCTION FOR THE GOVERNMENT AND THE CENTRE'S DECISION TO DOUBLE THE PRICE OF NATURAL GAS PRODUCED BY THE STATE-OWNED ONGC AND OIL INDIA TO $4.20 PER UNIT LIFTED INVESTOR SENTIMENT IN TRADE. BESIDES THIS, 36% INCREASE IN THE COUNTRY'S EXPORTS IN THE MONTH OF APRIL 2010 TO $16.9 BILLION OVER THE YEAR AGO LEVEL ALSO PROVIDED SOME BREATHER TO THE BULLS AFTER YESTERDAY'S BLOODBATH. PSU’S, OIL AND GAS AND HEALTHCARE WERE OUTPERFORMERS IN THE LAST DAY AND ON THE OTHER HAND, REALTY, AUTO AND CONSUMER DURABLES STOCKS OBSERVED HIGH SELLING PRESSURE FROM INVESTORS. STOCKS PLUNGED ALONG WITH COMMODITIES OVER EUROPE DEBT CRISIS, EUROPE DEBT CRISIS WHICH STARTED LAST WEEK HAS INTENSIFIED MUCH AND BATTERED ALL THE WORLD MARKETS. REPORTS ON THE STRENGTH OF THE US ECONOMIC RECOVERY AND EUROPEAN LEADERS STRUGGLED TO CONTAIN THE REGIONS DEBT CRISIS HAS WEAKEND THE SENTIMENT OF INVESTORS ALL OVER THE WORLD AND LED A MAJOR DOWNFALL OF THE YEAR IN US MARKETS. US MARKETS TUMBLED AND GOT COMPLETELY DRAINED, THIS IS THE FIRST BIGGEST DOWNFALL IN THE LAST ONE YEAR.

TODAY MARKETS WOULD OPEN GAP DOWN OF AROUND 100 POINTS. NIFTY INITIALLY MAY OPEN GAP DOWN AND DRAG NIFTY TO 4850 AND THEN TO 4800 LEVELS AND THERE IS EVERY CHANCE THAT NIFTY WOULD SLIDE DOWN TO 4760 LEVELS SO BE CAREFUL THAT NIFTY MAY HARDLY TAKE ANY RETRACEMENT AT 4800 LEVELS EVEN IF IT HOLDS IT MAY NOT BE FOR A LONG TIME ONE IS ADVISED TO STAY CAUTIOUS. MARKET MAY BE DOWN BY 150 TO 200 POINTS SO BE CAREFUL AND DON’T INITIATE LONGS AT ANY COST UNLESS AND UNTIL YOU SEE A CLEAR PICTURE OF RECOVERY. ONE IS ADVISED TO GO LONG ONLY ABOVE 4900.

ALMOST ALL STOCKS WOULD COME DOWN BY 3 TO 7% IN THE OPENING BELL SO NO INTRADAY RECOS ON SHORT SIDE.
STOCKS TO WATCH FOR BUYING WHEN MARKET SLIDES WITH STRICT STOPLOSS AS DAY LOW: ONGC, HINDPETRO, ENIL, IOC, BPCL, OIL
NOTE: WHEN YOU BUY ABOVE STOCKS MAKE SURE YOU PLACE STOPLOSS ORDER AT DAY LOW AND WHEN IT BOUNCES BACK AGAIN TAKE LONG POSITION AND KEEP THE STOPLOSS AS DAY LOW. DON’T WAIT IF IT HITS THE STOPLOSS JUST EXIT.

INTRADAY TIPS FOR 20 MAY 2010

GOOD MORNING!!!

MARKETS HAVE BLEEDED HEAVILY WITH VOLUMES ON LAST TRADING SESSION TRACKING WEAK GLOBAL CUES. GERMANYS DECISION TO BAN NAKEN SHORT SELLING IN SELECTED SCRIPS HAVE TRIGGERED APPREHENSIONS AMONG THEINVESTORS ACROSS THE GLOBLE. METALS, REALTY AND BANKING HAVE SEEN HUGE DOWNFALL. AUTO AND TELECOM ALSO GIVEN UP AND NO STOCKS WHERE EXCEPTION TO THE SOMBRE MOOD IN THE MARKETS AND ALL STOCKS WERE BUTCHERED DOWN AND MARKET HAS COMPLETELY LIKE A SEA OF BLOOD.

TODAYMARKET MAY OPEN FLAT AND LIKELY TO REMAIN VOLATILE IF NIFTY TRADES ABOVE 4950 THEN LIKLEY TO SEE NIFTY TO MOVE UP TO 4997 AND TRADE ABOVE 5000 WOULD TAKE NIFTY TO 5020 LEVELS AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 4900 THEN WE MAY SEE NIFTY TO DRIFT DOWN TO 4860 AND THEN TO 4820 LEVELS AND ANY CLOSE BELOW YESTERDAYS CLOSING IS STILL CONSIDERED TO BE NEGATIVE AND ONE IS ADVISED TO STAY SHORT AND DO NOT GO LONG TILL THE MARKET IS BELOW 4950.

BUY ROLTA SL 166.4 TGT 168/173/178
BUY HEROHONDA SL 1853 TGT 1877/1885/1892
BUY ONGC SL 1019 TGT 1044/1067/1080
BUY BPCL SL 540 TGT 548/552/558

POSITIONAL TRADES
BUY WHIRPOOL TGT 315/450*

INTRADAY TIPS FOR 19 MAY 2010

GOOD MORNING!!!

IMPROVEMENT IN THE GLOBAL SENTIMENT HAS WEIGHED THE MARKETS TO CLOSE SLIGHTLY POSITIVE, HALTING A TWO DAY LOOSING STREAK. INITIALLY AFTER MAKING A FLAT OPENING IN THE MORNING MARKETS TOOK THE STRIDE OF BEARS BUT IN THE MID TRADE THERE WAS GOOD BUYING CROPPED IN AND MANAGED TO CROSS 5100 MARK IN NIFTY BUT COULDN’T SUSTAIN THE LEVEL. AND MANAGED TO CLOSE AT 5066 LEVELS. CAPITAL GOODS, FMCG AND CONSUMER DURABLE STOCKS WERE IN HIGH DEMAND AND THERE WAS PROFIT BOOKING SEEN IN REALITY, METALS AND AUTO SECTORS.

TODAY MARKETS TO REMAIN RANGE BOUND. IF NIFTY TRADES ABOVE 5075 THEN LIKELY TO MAKE AN UP MOVE TILL 5100 AND ANY TRADE ABOVE 5100 CONVINCINGLY WOULD TAKE NIFTY TO 5140 LEVELS AND CLOSE ABOVE 5125 IS CONSIDERED TO BE BULLISH AND ONE CAN GO LONG POSITIONALLY IN NIFTY IF MANAGES TO CLOSE ABOVE 5125. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5048 THEN LIKELY TO DIP DOWN TO 5017 AND ANY TRADE BELOW 5017 WOULD DRAG DOWN NIFTY TO 4975 AND THEN TO 4950. IF NIFTY CLOSES BELOW 4950 THEN IT IS WISE TO EXIT LONGS TO THE MAXIMUM AS BEAR WILL COMPLETELY TAKE CHARGE OF MARKETS IN THE COMING DAYS.

BUY FEDERAL BANK SL 306 TGT 314/319/323
BUY KTKBANK SL 151 TGT 156/160/163
BUY IGL SL 241 TGT 254/257/260
BUY JMC PROJECTS SL 219 TGT 229/237/243
BUY OPTOCIRCUITS SL 230 TGT 237/239/242
BUY ZYLOG SL 490 TGT 500/507/512
BUY TATA COFFEE SL 416 TGT 424/429/433

POSITIONAL TRADES
BUY SUPREME INFRA LTD SL 204 TGT 250/275/290
BUY AVAYA GLOBAL CONN SL 250 TGT 350/400

INTRADAY TIPS FOR 18 MAY 2010

GOOD MORNING!!!
ALL THE INDICIES HAVE BATTERED AND THERE WAS MAJOR RECOVERY PULL BACK IN AFTERNOON SESSION, RECOVERY STARTED SOON AFTER EUROPEAN EXCHANGES TRADING FLAT TO POSITIVE THIS HAS UNDERPINNED THE SENTIMENT AND TURNED MARKETS FROM DEEP RED TO MARGINAL LOSSES, DURING THE TRADING SESSION IN THE MORNING MARKETS HAVE BREACHED 200 DAY MOVING AVERAGES AND TRADED FOR A VERY SHORT SPAN OF TIME AND BOUNCED BACK ABOVE THAT LEVEL AND MANAGED TO CLOSE MUCH ABOVE THAT 200 DMA LEVELS AND PSYCHOLOGICALLY MANAGED TO CLOSE ABOVE 5000 MARK THOUGH MARKETS HAVE PULLED BACK FROM DEEP RED NONE OF THE SECTORAL INDICIES MANAGED TO CLOSE POSITIVE EXCEPT FOR HEALTHCARE AND FMCG WHO MANAGED TO CLOSE MARGINALLY POSITIVE. IN A MAJOR PUSH TO INFRASTRUCTURE DEVELOPMENT IN THE COUNTRY, THE INDIAN GOVERNMENT WILL SET UP A RS 50,000 CRORE INDIA INFRASTRUCTURE FUND (IIF). THE MOVE IS AIMED AT MOBILISING $1 TRILLION (RS 45,00,000 CRORE) FOR INFRASTRUCTURE PROJECTS OVER THE NEXT FIVE YEARS. INDIAN PENSION AND INSURANCE FUND WILL CONTRIBUTE RS 20,000 CRORE TOWARDS THE INFRA FUND WHILE FOREIGN PENSION AND INSURANCE COMPANIES WILL PUT IN RS 10,000 CRORE. THE GOVERNMENT HOPES TO MOBILISE ANOTHER RS 10,000 CRORE FROM INTERNATIONAL FUNDS WHILE BOTH THE WORLD BANK AND INDIA INFRASTRUCTURE FINANCE COMPANY (IIFC) WILL CHIP IN WITH RS 5,000 CRORE EACH.

TODAY MARKETS MAY OPEN FLAT TO POSITIVE, THE TREND AS PER YESTERDAYS LOOKS VERY POSITIVE AND WE ARE LIKELY TO MOVE FORWARD ONE CAN TAKE A LONG POSITIONS ON POSITIONAL FRONT WITH 4950 AS STOPLOSS. TODAY IF NIFTY TRADES ABOVE 5062 THEN LIKELY TO MOVE UP TO 5098 AND ANY BREAK AND TRADES ABOVE 5100 THEN LIKELY TO HEAD TOWARDS 5131 AND ANY CLOSING ABOVE 5165 IS CONSIDERED TO BE TREND REVERSAL. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5030 THEN ONE CAN ENTER SHORT WITH STOPLOSS OF 5062 FOR NIFTY TO COME DOWN TO 5000 AND THEN TO 4950 LEVELS AND ANY BREAK AND CLOSE BELOW 4950 IS CONSIDERED TO BE VERY WEAK AND EXPECT MARKETS TO SLIDE DOWN FURTHER.

BUY SESAGOA SL 384 TGT 394/397/400
BUY LT SL 1586 TGT 1630/1645/1660
BUY MCLEODRUSS SL 215 TGT 221/223/225
BUY HDFC SL 2743 TGT 2780/2800/2840
BUY EKC SL 142 TGT 147/149/152

INTRADAY TIPS FOR 17 MAY 2010

GOOD MORNING!!!

BIGGEST HURDLE IN THE LAST TRADING SESSION WAS GLOBAL PRESSURE AND DISAPPOINTING SBI RESULTS WHICH LEAD, EURO DEBT CRISIS HAS WEIGHED ON INVESTORS SENTIMENT ACROSS THE GLOBE EXCEPT OF HEALTHCARE AND FMCG ALL OTHER SECTORS LIKE OIL ANG GAS, METALS AND REALITY WERE THE BIGGEST LOOSERS OF THE INDEX. HARDEST HIT IN INDICES WERE METALS WHICH WERE DOWN BY 3.48% . BEARS HAVE COMPLETELY TAKEN THE MARKETS IN THEIR STRIDE. EVEN THE POSITIVE NEWS DIDN’T REALLY TURN SWEET FOR THE MARKETS THE HEADLINE INFLATION MEASURED BY THE WPI DECLINED MARGINALLY FROM 10.05% TO 9.59%.

TODAY MARKETS WOULD OPEN NEGATIVE AS WE HAVE WITNESSED LOT OF SELLING IN AMERICAN MARKETS AND EUROPEN INDICIES AND HAVE SEEN SELLING IN ASIAN MARKETS TOO WE MAY SEE WEAK OPENING AND MAY TAKE SUPPORT AT 5004 AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY TO 4976 AND ANY CLOSE BELOW 4950 IS CONSIDERED TO BE MAJOR TREND REVERSAL AND WOULD DRAG NIFTY DOWN TO 4675 LEVELS. SO STAY CAUTIOUS AND IF NIFTY TRADES ABOVE 4950 ONE CAN TAKE LONG POSITIONS KEEPING IN MIND 4950 AS STOPLOSS AND ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5130 THEN ONE CAN LOOK FOR SOME POSITIVENESS TO PERSIST IN THE MARKET UNTIL THEN THERE IS NO SCOPE OF POSITIVENESS IN THE MARKET EXCEPT IN THE FORM OF RETRACEMENT. SO ONE CAN TAKE INTRADAY EITHER SHORT OR LONG BUT TAKE POSITIONS BASED ON THE LEVELS SPECIFIED ABOVE.

BUY HCL TECH SL 397 TGT 409/415/435
BUY SCI SL 159 TGT 168/172/175
SELL BHUSHAN STEEL SL 1574 TGT 1550/1543/1531
SELL SAIL SL 210 TGT 204/201/197
SELL SBIN SL 2230 TGT 2200/2180/2137
SELL STERLITE SL 705 TGT 692/687/682
SELL ULTRATECH SL 941 TGT 923/910/900
NOTE: TAKE BUY CALLS WHEN MARKET OPENS NEGATIVE

POSITIONAL TRADES
BUY BERGER PAINTS TGT 86
BUY NAVNEET PUBLICATIONS TGT 62/73/85
BUY KIRLOSKAR FERROUS INDS TGT 43/48
BUY JAYASWAL NECO TGT 51/65
BUY FAIRFIELD ATLAS CMP 50 TGT 75/100/150 (BUY IN THE OPENING)

INTRADAY TIPS FOR 14 MAY 2010

GOOD MORNING!!!

INDICES MANAGED TO CLOSE THE DAY IN GREEN DESPITE OF SELLING AT THE END OF THE DAY. THE MARKETS STARTED THE SESSION ON A STEADY NOTE BUOYED BY STRONG INDICATIONS FROM EQUITY INDICES ACROSS THE GLOBE THE GAINS WERE TRIGGERED BY ANNOUNCEMENT OF AUSTERITY MEASURES BY ANOTHER EURO ZONE NATION - SPAIN. THE COUNTRY, WHICH IS CURRENTLY FACING A BUDGET DEFICIT OF 11% OF GROSS DOMESTIC PRODUCT (GDP), IS LOOKING TO SAVE AROUND $21 BILLION IN NEXT TWO YEARS THROUGH VARIOUS WAYS INCLUDING 5% SALARY CUT FOR PUBLIC SECTOR EMPLOYEES THIS YEAR AND FREEZING IT NEXT YEAR, SLASHING PENSION AND REGIONAL GOVERNMENT FUNDING, ETC WITH THIS MARKETS HAVE GIVEN UP THE GAINS. REALTY AND AUTO STOCKS HOGGED THE LIMELIGHT DURING THE ENTIRE SESSION. WHILE, PROFIT BOOKING PULLED THE METAL AND OIL & GAS STOCKS LOWER.

TODAY MARKETS WOULD OPEN GAP DOWN AND MAY REMAIN IN NEGATIVE ZONE IF NIFTY TRADES BELOW 5170 THEN LIKELY TO MAKE A NOSE DIVE TO 5130 LEVELS AND ANY BREAK BELOW THIS LEVEL WOULD TAKE NIFTY DOWN TO 5090 ANY TRADE BELOW THIS LEVEL IS CLEARLY A SELL AND ONE CAN REMAIN SHORT. ON THE POSITIVE SIDE IF NIFTY BREACHES 5194 THEN LIKLEY TO MAKE AN UP MOVE TO 5220 AND THEN TO 5250 LEVELS WHICH IS REMOTE IN TODAYS TRADING SESSION.

SELL SBIN SL 2326 TGT 2291/2275/2258
SELL PNB SL 1033 TGT 1018/1012/1005
SELL RCOM SL 147 TGT 143/141/139
SELL TATASTEEL SL 579 TGT 565/560/555
SELL MUNDRA PORT SL 747 TGT 732/713/698*
BUY PFC SL 284 TGT 290/292/294 (BUY WHEN MARKET OPENS GAP DOWN)

INTRADAY TIPS FOR 13 MAY 2010

GOOD MORNING!!!
MARKETS EXTENDED THEIR LOSSES IN THE LATE-AFTERNOON SESSION AFTER SOME MEDIA REPORTS INDICATED THAT MORGAN STANLEY WAS THE NEXT CORPORATE HOUSE ON THE US FEDERAL INVESTIGATORS' RADAR AFTER GOLDMAN SACHS IN THE MORTGAGE DERIVATIVE PRODUCTS CASE AND US INDEX FUTURES WHICH FELL. THOUGH THERE WAS LOWER THAN EXPECTED IIP DATA IT HAS PAVED WAY TO THE INCREASE IN INTEREST RATE SENSITIVE BANKING AND REALTY STOCKS ROSE AS LOWER-THAN-EXPECTED GROWTH IN INDUSTRIAL PRODUCTION EASED RATE-HIKE WORRIES. TELECOM SECTOR WAS THE WORST HIT AND MAIN CULPRIT FOR THE DECLINE IN THE INDICES. METAL MAKERS ALSO MELTED UNDER GLOBAL PRESSURE. ALL IN ALL VOLATILITY WAS IMMENSE AND MARKET BREADTH WAS WEAK AND THE SENTIMENT WITH IIP DATA HAS ALSO WEAKEND. STAY CAUTIOUS AT EVERY HIGHER LEVELS.
TODAY MARKETS WOULD OPEN POSITIVE AND MAY FACE A TOUGH RESISTANCE AT 5200 AND IF CROSSES WOULD TAKE IT TO 5240 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD LEAD TO 5300 WHICH IS CONSIDERED TO BE A VERY STRONG RESISTANCE WHICH MAY NOT BE BROKEN IN NEAR TERM AND NIFTY EXPECTED TO SLIDE FROM EVERY LEVEL INDICATED ABOVE. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5137 THEN WOULD LIKELY TO COME DOWN TO 5098 AND BREACH BELOW THIS LEVEL WOULD TAKE NIFTY TO 5062 AND FURTHER WEAKNESS INDICATES MARKET WOULD COME DOWN TO MUCH LOWER LEVELS SO IF NIFTY TRADES BELOW 5050 IT IS A CAUTION TO TRADE WISE.
BUY AVAYAGCL ABOVE 302 SL 293.90 TGT 314.7/327/346*
BUY BAJAJFINSV ABOVE 472 SL 465 TGT 481.7/492/507 *
BUY WELGUJ SL 262 TGT 268/274/278*

BUY DR REDDY ABOVE 1260.5 SL 1251 TGT 1272/1285/1307 *

BUY KOTAKBANK SL 762 TGT 775/782/790
BUY CANBK SL 421 TGT 429/434/440
SELL BHEL BELOW CLOSING PRICE SL 2381 TGT 2359/2345/2328
SELL SUZLON BELOW CLOSING PRICE SL 67.7 TGT 66/65/64

INTRADAY TIPS FOR 12 MAY 2010

GOOD MORNING!!!

WEAKNESS IN THE ASIAN MARKETS HAS HAMPERED THE GAINS AND EDGED INDIAN MARKETS LOWER, AS INVESTORS BECAME APPREHENSIVE ON MARKETS AND OPTED TO TAKE SOME PROFITS OFF THE TABLE ON ACCOUNT OF A BIG BIG RALLY ON MONDAY WHICH HAS TRIGGERED ON THE ANNOUNCEMENT OF 750 BILLION EURO RESCUE PACKAGE BY EUROPEAN UNION FINANCE MINISTERS. INITIALLY MARKET OPENED ON A FLAT NOTE TRACKING WEAK GLOBAL CUES AND AFTER SOMETIME MARKETS TURNED SORE, IT WAS COMPLETELY A DAY OF TRADERS AND MARKET WAS ON A SWINGING NOTE UP AND DOWN BUT ALL IN ALL EDGED LOWER AND WEAKNESS PERSISTED THROUGH OUT THE DAY AND BREACHED THE PSYCOLOGICAL BARIER OF 5150 MARK AND OVERALL HEALTH OF THE MARKET TURNED WEAK.
MARKETS TODAY WOULD BE HIGHLY VOLATILE AND IN A NARROW RANGE BAND. ONE HAS TO BEAR IT IN MIND THAT MARKETS ARE VERY ERRATIC AND IS NOT GIVING CLEAR TREND AFTER A 180 POINT SURGE MARKET HAS LOST 80 POINTS WHICH INDICATES THAT THE STRENGTH OF MARKET IS YET NOT CONFIRMED ON THE POSITIVE SIDE. ONE IS ADVISED TO STAY VERY CAUTIOUS AND GET OUT OF MARKETS IN INTRADAY TILL THE CLEAR TREND IS FORMED. TODAY IF NIFTY TRADES BELOW 5125 THEN LIKELY TO COME DOWN TO 5083 AND THEN TO 5062 AND IF BREACHES BELOW THIS LEVEL THEN WOULD SLIDE DOWN TO 5037. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5160 THEN LIKELY TO MOVE UP TO 5200, BREAK AND TRADE ABOVE 5200 WOULD TAKE NIFTY TO 5240, ONE IS ADVISED TO STAY LONG IF NIFTY TRADES ABOVE 5200.
SELL UCO BANK SL 71 TGT 70/69/68
SELL ABAN SL 1048 TGT 1032/1018/1007
BUY UNIPHOS ABOVE 175 SL 173.80 TGT 177/178.5/179.7
BUY MUNDRA PORT ABOVE 705 SL 700 TGT 714/719/724
BUY IFCI ABOVE 52.5 SL 51.90 TGT 53.4/54.6/55.4

INTRADAY TIPS FOR 11 MAY 2010

MORNING!!!
MARKET WERE MAGICALLY, MAGNIFICENT AND OUTSTANDING AFTER BEING IN A BEARISH MODE WITH ALL THE NEWS FROM EUROPEAN UNION FOR THE LAST ONE WEEK SUDDENLY MARKET TURNED VERY FERTILE WITH STOCKS BOUNCING BACK ON A STRONG NOTE AND BULLS COMPLETELY TAKEN OVER THE CHARGE OF STOCK MARKETS AND BEARS DIDN’T DARE TO EVEN ENTER TO CONTAIN ALL IN ALL COMPLETE DAY OF BULLS. MARKET OPENED IN GREEN WITH AROUND 70 ODD POINTS AND FROM THERE ON MARKET KEPT ON HITTING NEW HIGHS AND MOVED UP MORE THAN 180 POINTS IN NIFTY, IT IS THE BIGGEST SINGLE DAY GAIN IN ALMOST LAST ONE YEAR. THE TRIGGERS CAME FROM ANNOUNCEMNT OF 750 BILLION EURO RESCUE PACKAGE BY EUROPEAN UNION FINANCE MINISTERS. THE PACKAGE WILL BE IN THE FORM OF A LOAN WORTH 440 BILLION EURO FROM EURO ZONE GOVERNMENTS, THE INTERNATIONAL MONETARY FUND OR IMF WILL CONTRIBUTE AROUND 250 BILLION EURO WHILE THE REST WILL COME FROM SURPLUS FUNDS OF EU COMMISSION. THIS HAS PAVED WAY TO THE SHORT COVERING AS WELL AS FRESH BUYING IN EQUITIES ACROSS THE GLOBE. BACK HOME, THE RALLY WAS IN THE HIGH BETA REALTY, METAL AND BANKING COUNTERS LEADING FROM THE FRONT.
TODAY MARKETS WOULD OPEN POSITIVE ON BUYING INTREST FROM ACROSS THE GLOBE WITH ASIAN ALONG WITH US MARKETS BEING IN A VERY POSITIVE TERRAIN. IF NIFTY TRADES ABOVE 5200 THEN LIKELY TO MOVE UP TO 5250 AND THEN TO 5290 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO NEW HIGH AND THERE MAY BE LOT OF SHORT COVERING TO TAKE PLACE AT 5300 AND FRESH BUYING INTREST MAY ALSO CROP IN AT THIS POINT IN NIFTY SO CLOSE ABOVE 5300 IN NIFTY IS CONSIDERED TO BE VERY BULLISH IN NIFTY AND ONE IS ADVISED TO STAY INVESTED AS WELL ABOVE THIS POINT ON CLOSING BASIS AND BEING WITH THE TREND IS MOST ESSENTIAL IN MARKETS SO STAY CAUTIOUS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5160 THEN ONLY THINK OF SHORTING ELSE NO POINT AT THIS STAGE TO THINK OF ANY NEGATIVE IN NIFTY BUT IF NIFTY TRADES BELOW 5160 THEN LIKELY TO DIP DOWN TO 5080 AND THEN TO 5037. FOLLOW THE LEVELS INDICATED.
BUY IFCI SL 51.4 TGT 53/54/55
BUY ORBITCORP SL 306.45 TGT 318/327/340
BUY HDFC BANK SL 1924 TGT 1950/1978/1994
BUY BAJAJFINSV ABOVE 443.5 SL 436.4 TGT 453/465/483 (FOR POSITIONAL ULTIMATE TARGET 530)
BUY INDIA BULLS SL 149.7 TGT 156/169/162
BUY JSW ENERGY SL 123 TGT 126/127/128
POSITIONAL TRADES
BUY ATLANTA CMP TGT 350/385

INTRADAY TIPS FOR 10 MAY 2010

GOOD MORNING!!!

INDICES EXTENDED LOSSES ON THE LAST TRADING DAY OF THE WEEK, WITH THE MARKET DECLINING IN ALL THE FIVE TRADING SESSIONS THIS WEEK AS EURO ZONE DEBT WORRIES RATTLED GLOBAL STOCKS. EXCEPT THE OIL & GAS INDEX, ALL THE OTHER SECTORAL INDICES WERE IN THE RED. THE MARKET BREADTH WAS WEAK. REALTY, BANKING, METAL, PHARMA, CAPITAL GOODS AND TELECOM STOCKS FELL. FMCG STOCKS ROSE ON DEFENSIVE BUYING. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL) EDGED HIGHER AFTER A THREE MEMBER SUPREME COURT BENCH RULED 2-1 IN FAVOUR OF THE COMPANY ON GAS DISPUTE WITH RELIANCE NATURAL RESOURCES (RNRL) THAT NOW GIVES THE GOVERNMENT CONTROL OVER SETTING GAS PRICES. THE COURT ORDERED THE TWO FEUDING FIRMS TO RENEGOTIATE A GAS CONTRACT WHICH WAS FIRST DRAWN UP IN 2005 AS A PART OF A FAMILY SETTLEMENT. RNRL AND OTHER ANIL DHIRUBHAI AMBANI GROUP (ADAG) SHARES SLUMPED. VOLATILITY WAS HIGH.
TODAY MARKET LOOKS POSITIVE ON OPENING AND THERE WOULD BE BARGAIN HAUT AS ALL THE ASIAN STOCKS MOVING POSITIVE AND MARKET LIKELY TO REGAIN STRENGTH. IF NIFTY TRADES ABOVE 5037 THEN LIKELY TO TAKE OFF TO 5100 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5133 AND TRADING ABOVE THIS POINT WITH GOOD VOLUMES WOULD LEAD MARKET TO 5180 LEVELS AND MAY EVEN SEE SHORTS TO UNWIND. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5000 ONLY THEN ONE CAN TAKE FRESH SHORTS AND HOLD IT, ELSE IT IS WISE TO STAY AWAY FROM SHORTS FOR THE DAY.
BUY JINDALSTEEL & POWER SL 640 TGT 670/684/693
BUY TATAMOTORS SL 758 TGT 773/789/800
BUY LIC HSG SL 905 TGT 925/937/945
BUY HPCL SL 329 TGT 339/343/350

POSITIONAL TRADES
BUY EICHER MOTORS TGT 1035/1300

INTRADAY TIPS FOR 07 MAY 2010

GOOD MORNING!!!

MARKETS RECOVERED FROM A DEEP DOWNSIDE, EQUITY, MARKETS EXTENDED THEIR EARLY LOSSES IN LATE AFTERNOON TRADES LED BY SHARP CUTS IN SOME OF THE REGIONAL PEERS AND SUBDUED START FOR MOST OF THE EUROPEAN SHARES. THE MARKET BREADTH TURNED NEGATIVE ON THE BACK OF SELLING PRESSURE IN MID-CAP AND SMALL-CAP SPACE. IN SECTORAL SPACE METALS DOWN 2.04%, CAPITAL GOODS DOWN 1.41%, REALTY DOWN 1.36%, IT DOWN 1.26% AND POWER DOWN 1.23%. MARKETS HAVE BOUNCED BACK WITH VERY GOOD VOLUMES AND HAVE NEGATED ALL THE LOSSES MADE IN THE MORNING SESSION. ALMOST ALL THE STOCKS HAVE BOUNCED BACK ON BARGAIN HUNT. BANKING RECOVERED FROM LOWS AND THE SOLE PERFORMER IN YESTERDAYS MARKET WAS PHARMA

TODAY MARKET MAY OPEN IN DEEP RED WITH AMERICAN MARKETS RECORDING THE HIGHEST FALL IN A YEAR AND ASIAN MARKETS ARE TRADING IN NEGATIVE ZONES. TODAY NIFTY WOULD BLEED INITIALLY TAKING A SUPPORT AT 5000 LEVELS AND THEN MAJOR SUPPORT AT 4950. ONE CAN INITIATE LONGS NEAR TO 4950 LEVELS AND MOVE SEE TILL THE END OF THE DAY IF NIFTY CLOSES ABOVE 4950 THEN HOLD IT ELSE EXIT ALL YOUR LONGS AS MARKETS WOULD FALL MUCH MORE IF IT DOESN’T HOLD TO 4950 LEVELS. ON THE POSITIVE SIDE CHANCES ARE VERY REMOTE FOR TODAYS TRADING.

NOTE: BARGAIN HAUNTING CAN BE INITIATED WHEN MARKET FALLS AND COMES DOWN TO THE SUPPORT LEVELS INDICATED ABOVE.

INTRADAY TIPS FOR 06 MAY 2010

GOOD MORNING!!!

GLOBAL JITTERS DIDN’T IMPACT MUCH TO THE INDIAN MARKETS AT THE END OF THE DAY INDICES HAVE MANAGED TO END THE DAY WITH MARGINAL LOSSES. INITIALLY THE MARKETS SLID BASED ON GLOBAL MARKETS BUT HAVE MANAGED TO REBOUND IN THE BOURSES WHICH WAS LED BY TECHNOLOGY, SOFTWARE AND HEALTHCARE STOCKS WHILE METAL STOCKS TOPPED THE LOSERS LIST FOR THE THIRD DAY IN A ROW. SHARES REPRESENTING REALITY, CAPITAL GOODS AND OIL & GAS SECTORS WERE THE OTHER PROMINENT LOSERS IN TRADE.

TODAY MARKETS LOOK TO BE VOLATILE IN THE INITIAL PHASE THOUGH MARKET MAY OPEN SLIGHTLY NEGATIVE TO FLAT. IF NIFTY MANAGES TO TRADES BELOW 5098 THEN LIKELY TO SLIDE DOWN TO 5060 LEVELS AND BREAK BELOW 5050 LEVELS WOULD TAKE NIFTY TO 4950 LEVELS AND ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5140 THEN LIKELY TO MOVE UP TO 5170 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5200 LEVELS AND ANY CLOSE ABOVE THIS POINT WOULD MAKE NIFTY TO GO MUCH HIGHER ZONES. TODAY MARKET WOULD BE VERY VOLATILE AND RANGE BOUND, SO STAY CAUTIOUS AND TRADE. WHATEVER TRADE ONE IS TAKING EITHER LONG OR SHORT WOULD BE PROFITABLE BUT MAKE SURE YOU FOLLOW THE LEVELS SPECIFIED AS STOPLOSS LIKE IF NIFTY TRADES AT 5110 THEN GO LONG WITH STOPLOSS AS 5098 AND IF NIFTY TRADES AT 5130 LEVEL GO SHORT WITH 5140 IS STOPLOSS.

NOTE: ONE CAN GO LONG AGAIN IF STOPLOSS IS HIT AND GOING UP AGAIN.
BUY SESAGOA SL 394 TGT 410/414/418
BUY SAIL SL 211 TGT 216/219/225
POSITIONAL TRADES
BUY BANK RAJASTHAN CMP 89.55 TGT 112/125
BUY UNITED PHOSPHORUS CMP 170.45 TGT 200/215
BUY BAJAJ FINSE CMP 399.15 TGT 550
BUY UFLEX LIMITED CMP 114.05 TGT 135/150
BUY EICHER MOTORS CMP 815.85 TGT 1000
BUY BLUE DART EXPRESS CMP 902.20 TGT 1050/1287/1550
BUY JB CHEMICALS CMP 93.05 TGT 140
BUY INDIABULLS FINANCIAL SERVICES CMP 154.65 TGT 210/240
BUY GHCL CMP 50.55 TGT 58/70
BUY PIRAMAL HEALTHCARE LIMITED CMP 555.6 TGT 700
BUY DIC INDIA LIMITED CMP 289.30 TGT 333/440
NOTE: THE ABOVE SCRIPS CAN BE BOUGHT AT ANY TIME IN THE MARKET EVEN BELOW THEIR CURRENT MARKET PRICES (CMP)

INTRADAY TIPS FOR 05 MAY 2010

GOOD MORNING!!!

ALL THE INDICIES WITNESSED A SELL OFF AS THE GLOBAL WORRIES CONTINUED MAKING THE SENTIMENT OF THE INVESTORS ON THE NEGATIVE SIDE. THE SLUMP IN THE MARKETS WAS LED BY ACROSS THE BOARD SELLING FROM MARKET PARTICIPANTS. METAL, REALTY AND CAPITAL GOODS STOCKS WHICH WAS COMPLETELY TAKEN OVER BY THE BEARS DURING THE SESSION. MARKETS STARTED THE DAY ON A FLAT NOTE DESPITE STRONG RALLY ON THE WALL STREET IN OVERNIGHT TRADE UNDERPINNED BY STRONG ECONOMIC DATA. INITIALLY THE MARKETS MANAGED TO TRADE WITH MINOR GAINS DURING THE FIRST HALF OF THE SESSION AND THEN TURNED TO NEGATIVE TERRAIN IN THE EARLY AFTERNOON TRADES TRACKING DOWN-TICK ON THE US INDEX FUTURES AND MUTED START FOR THE EUROPEAN SHARES. CONCERNS OVER WOES OF THE EURO ZONE ALSO PLAYED SPOILSPORT FOR THE DALAL STREET IN THE SECOND HALF OF THE SESSION. THE SELLING GOT INTENSIFIED IN LATE TRADES WHICH DRAGGED THE NIFTY BELOW THE CRUCIAL SUPPORT LEVEL OF 5150. THE BREADTH OF THE MARKET TURNED VERY WEAK.

TODAY MARKETS WOULD OPEN GAP DOWN AND WOULD REMAIN IN A NARROW RANGE BOUND WE SEE TODAY BEARS WOULD CAPTIVATE THE MARKETS ON EVERY RISE AND NIFTY TO TAKE SUPPORT AT 5050 LEVELS WHICH IS VERY CRUCIAL IF THIS LEVEL IS BREACHED THEN NIFTY COULD COME DOWN TO 4940 LEVELS WHICH IS CONSIDERED TO BE THE VERY VERY CRUCIAL LONG TERM SUPPORT FOR NIFTY. ON THE POSITIVE SIDE TODAY NIFTY CHANCES OF ANY POSITIVENESS IS REMOTE BUT ONE CAN INITIATE LONG POSITIONS AT THE FOLLOWING PLACES WITH STRICT STOPLOSS, TAKE NIFTY AROUND 5060 TO 5070 LEVELS WITH STRICT STOPLOSS OF 5050 AND ONCE THIS IS BREACHED AGAIN TAKE A POSITION AT 5010 TO 5020 LEVELS WITH STRICT STOPLOSS OF 5000.
NOTE: THERE IS EVERY CHANCE OF RECOVERY IN THE SECOND HALF SO BE CAREFUL IN THE MARKET.

SELL JSPL SL 923 TGT 696/678/665
SELL HINDALCO SL 165 TGT 158/155/152
SELL JSWSTEEL SL 1156 TGT 1125/1116/1105

INTRADAY TIPS FOR 04 MAY 2010

GOOD MORNING!!!

INDICES ENDED CHOPPY AND HALTED A TWO DAY RALLY. WEAK GLOBAL STOCKS WEIGHED ON INVESTORS' SENTIMENT. THE MARKET BREADTH WAS WEAK. HIGH BETA INFRASTRUCTURE STOCKS DECLINED ON SELLING PRESSURE. METAL STOCKS DECLINED AS COPPER PRICES FELL ON CONCERN MONETARY TIGHTENING IN CHINA WILL CRIMP DEMAND FOR THE METAL. BUT, IT PIVOTALS WERE OFF DAY'S LOW ON BARGAIN HUNTING AFTER AN INITIAL SETBACK TRIGGERED BY FALL IN ADRS ON FRIDAY. AUTO SHARES SURVIVED THE BROAD MARKET DECLINE ON ROBUST SALES IN APRIL 2010. INTEREST RATE SENSITIVE BANKING AND FINANCIAL SHARES DECLINED ON FEARS THE RESERVE BANK OF INDIA MAY RESORT TO FURTHER MONETARY TIGHTENING TO COUNTER SOARING INFLATION. STOCKS WERE VERY VOLATILE. THE MARKET CAME OFF THE LOWER LEVEL AFTER AN INITIAL SHARP SLIDE TRIGGERED BY WEAK ASIAN STOCKS.
TODAY MARKET LOOKS POSITIVE ON GLOBAL RECOVERY. IF NIFTY TRADES 5226 THEN LIKELY TO MAKE AN UPMOVE TILL 5260 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5290 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5320 LEVELS AND ONE CAN INITIATE LONGS IF NIFTY TRADES CLOSES ABOVE 5300 LEVEL. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5200 LEVELS ONE CAN SEE NIFTY TO DECLINE TO 5160 AND ANY FURTHER TRADE BELOW 5160 WOULD TAKE NIFTY TO FURTHER DOWNSIDE AND BEARS WILL ATTACK AND WILL HAVE AN UPPER HAND OVER BULLS IN THE NEAR TERM AND ONE CAN CONSIDER THIS 5160 LEVELS TO BE A GOOD SUPPORT FOR NIFTY IN NEAR TERM. ONE CAN INITIATE SHORT IF NIFTY BREACHES 5160 LEVELS.
BUY PIRAMAL HEALTH SL 544 TGT 555/559/564
BUY JB CHEMICAL SL 89 TGT 95/96/98
BUY RANBAXY SL 448.5 TGT 454/457/460
BUY EDUCOMP SL 688 TGT 700/706/714
BUY RPOWER SL 157 TGT 164/165/166
BUY SRF SL 223.2 TGT 228/230/234
BUY JSW HOLDINGS SL 1940 TGT 1990/2010/2030

INTRADAY TIPS FOR 03 MAY 2010

GOOD MORNING!!!
KEY INDICES PARED GAINS IN LATE TRADE AS EUROPEAN STOCKS DECLINED IN VOLATILE TRADE ON UNEASE OVER EURO ZONE SOVEREIGN DEBT LEVELS. THE LOK SABHA ON THURSDAY PASSED THE FINANCE BILL 2010 WITH SOME MINOR CHANGES IN TAX PROPOSALS. THE GOVERNMENT HAS PLEDGED TO CUT THE FISCAL DEFICIT, PROMISED INCREASE SPENDING ON INFRASTRUCTURE AND ANNOUNCED CHANGES IN PERSONAL INCOME TAX SLABS FOR INDIVIDUALS IN THE UNION BUDGET 2010-2011. IN THE FUTURES & OPTIONS SEGMENT, A GOOD AMOUNT OF ROLLOVER OF POSITIONS WAS WITNESSED FROM APRIL TO MAY. THE MARKET BREADTH WAS STRONG. EXCEPT THE METAL INDEX, ALL OTHER SECTORAL INDICES ON THE BSE WERE IN GREEN. METAL STOCKS DECLINED, MIRRORING FALL IN THE COMMODITY PRICES ON THE LONDON METAL EXCHANGE ON 29 APRIL 2010. IT PIVOTALS SAW DIVERGENT TREND. MOST AUTO STOCKS ADVANCED AHEAD OF THE RELEASE OF APRIL 2010 MONTHLY SALES DATA NEXT WEEK. THE MARKET SURGED IN EARLY TRADE ON POSITIVE GLOBAL CUES. IT EXTENDED GAINS IN MORNING TRADE. THE MARKET PARED GAINS IN MID-MORNING TRADE ON PROFIT BOOKING IN SELECT PIVOTALS. THE MARKET REGAINED STRENGTH IN EARLY AFTERNOON TRADE. THE MARKET ONCE AGAIN PARED GAINS IN AFTERNOON TRADE. THE MARKET HELD POSITIVE ZONE IN MID-AFTERNOON TRADE, TRACKING GAINS IN EUROPEAN STOCKS. PROFIT BOOKING IN LATE TRADE AS EUROPEAN MARKETS DECLINED IN VOLATILE TRADE

TODAY NIFTY MAY OPEN NEGATIVE AND IF NIFTY TRADES BELOW 5255 THEN IT IS LIKELY TO COME DOWN TO 5226 AND BREACH BELOW THIS LEVEL WOULD TAKE NIFTY TO 5200 AND IF NIFTY SUSTAINS BELOW 5192 LEVEL THEN LIKELY TO TAKE SUPPORT AT 5160 AND ANY BREACH BELOW 5150 BEARS WOULD CAPTIVATE THE MARKET WHICH IS STILL HAZY AS OF NOW AS BULLS HAVE AN UPPER HAND IN THE MARKET. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5286 THEN LIKELY TO MAKE AN UPMOVE TO 5340 LEVELS AND ANY CLOSE ABOVE 5300 IS CONSIDERED TO BE BULLISH AND WE MAY SEE FURTHER UPMOVE FROM HERE ON. AND AS OF NOW THERE IS NO NEGATIVE SIGNS SEEN IN INDIAN MARKETS EXCEPT FOR THE REFLECTION OF GLOBAL CUES. WHEN NIFTY SLIDES THEN ONE CAN TAKE LONGS WITH SUPPORT LEVELS AS STOPLOSS AND IF THE SUPPORT BREAKS THEN TAKE POSITION AT LOWER LEVELS WITH THE NEXT SUPPORT. PETROLEUM STOCKS LOOKS GOOD.

BUY UNIPHOS SL 167 TGT 172/175/179
BUY ACC SL 899 TGT 910/918/928
BUY INDIABULLS SL 153 TGT 159/163/167
BUY FORTIS SL 169 TGT 174/177/179
POSITIONAL TRADES
BUY MUJAL SHOWA TGT 68/75
BUY GLENMARK TGT 283/300/340
BUY INDOWIND ENERGY 60/68