INTRADAY TIPS FOR 30 JUNE 2010

GOOD MORNING!!!

WITH CHINEESE INDEX NOSE DIVING OUR MARKETS INCHED LOWER AND LOWER FROM THE LATE AFTERNOON TRADE ALONG WITH EUROPEAN SHARES TUMBLING. THE SELL-OFF ACROSS THE GLOBE HAS BEEN TRIGGERED BY OVER FOUR PERCENT CUTS IN THE CHINA'S BENCHMARK EQUITY INDEX (SHANGHAI COMPOSITE). THE BULLS LOOKED IN A DETRIMENTAL POSITION AS THE ENTIRE SECTORAL SPACE WAS DOMINATED BY THE BEARS. METAL, OIL & GAS AND REALTY SHARES WERE THE MAJOR LOSERS. BEARS COMPLETELY CAPTIVATED THE MARKETS RIGHT FROM THE INITIAL TRADE AND ADDING FUEL TO THE FIRE ALL THE OTHER MAJOR GLOBAL INDICIES STARTED DECLINING HAS SUPPORTED THE FALL AT EVERY LEVEL IN THE MARKET, THERE WAS GOOD SELLING SEEN ALL OVER THE INDICES, BEARS HAVE DOMINATED THE MARKETS OVER BULLS. OVERALL HEALTH OF THE MARKET TURNED WEAK WITH DECLINES MORE THAN ADVANCES.

TODAY MARKETS WOULD REMAIN NEGATIVE AND OPEN GAP DOWN AND TRADE BELOW 5240 LEVELS AND IF NIFTY TRADES BELOW 5240 LEVELS THEN LIKELY TO COME DOWN TO 5204 AND ANY TRADE BELOW 5200 IS LIKELY TO GET WEAKER AND NIFTY LIKLEY TO COME DOWN TO 5167 LEVELS. ON THE POSITIVE FRONT IF NIFTY TRADES ABOVE 5276 LEVELS MAY LIKELY TO MOVE UP TO 5300 LEVELS AND IF NIFTY TRADES ABOVE 5300 THEN MAY HEAD TOWARDS MUCH HIGHER ZONES WHICH IS REMOTE AT THIS STAGE.

SELL ICICI BANK SL 853 TGT 839/829/822
BUY PFC ABOVE 297 SL 295.4 TGT 299/303/305
BUY BPCL SL 620 TGT 642/651/659 (BUY AT LOWER LEVEL)
BUY JM FINANCIAL SL 34 TGT 39/41/43 (BUY AT LOWER LEVELS)

POSITIONAL TRADES
BUY TATACHEM TGT 360/385 (EVERY DIP IS A BUYING OPPORTUNITY)
BUY NATCOPHARM TGT 225/270
BUY BGRENERGY TGT 975
BUY AMARAJABAT TGT 200/215

INTRADAY TIPS FOR 29 JUNE 2010

GOOD MORNING!!!

RALLY IN HEAVYWEIGHTS IN THE SECOND HALF OF THE TRADE ALONG WITH STRONG EUROPEAN INDICES AND POSITIVE AMERICAN INDICES, MARKETS HAVE RALLIED EXCEPTIONALLY WELL WITH HANDSOME GAINS. AMONGST THE SECTORAL INDICES OIL AND GAS SPACE HOGGED THE LIMELIGHT YET FOR THE SECOND DAY ON THE EMPOWERED GROUP OF MINISTERS (EGoM) DECISIONS ON FRIDAY. CONSUMER DURABLES, REALTY AND POWER STOCKS WERE THE OTHER MAJOR GAINERS IN TRADE. TELECOM SHARES DESERVED SPECIAL MENTION AS THE SEGMENT BIGGIES RELIANCE COMMUNICATIONS (RCOM) AND IDEA SHOWED GOOD STRENGTH. RATE SENSITIVE BANKING STOCKS THAT LED THE MARKETS LOWER ON FRIDAY, OBSERVED SOME VALUE PICKING FROM INVESTORS AS CONCERNS ABOUT RATE HIKE BY THE RESERVE BANK OF INDIA (RBI) FOLLOWING THE PETROL PRICE DEREGULATION FADED OVER THE WEEKEND. MIDCAPS AND SMALL CAPS TOO HAVE IDENTICAL REPLICATION TO THE LARGE CAPS.

TODAY MARKETS LOOK RANGE BOUND. IF NIFTY TRADES ABOVE 5345 THEN LIKELY TO MOVE UP TO 5367 AND BREAK ABOVE THIS LEVEL WOULD TAKE NIFTY TO 5400 LEVELS AND ANY CLOSE ABOVE 5400 LEVELS WOULD TAKE NIFTY TO 5700 LEVELS SOON. ON THE DOWN SIDE IF NIFTY TRADES BELOW 5320 THEN LIKELY TO COME DOWN TO 5291 AND BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5277 ANY CLOSE BELOW 5291 IS A WEAK CLOSING. WE EXPECT MANSOONS TO BE ABOVE THE EXPECTATIONS AND ANTICIPATE MARKETS TO GO TO NEW HIGHS OF THE YEAR.

BUY CROMPGREAV SL 263 TGT 269/273/276 (MEDIUM TERM TGT 300)
BUY CHENNPETRO SL 257 TGT 262/265/268
BUY DHANBANK SL 186 TGT 191/194/198
BUY MAXWELL INDS SL 21 TGT 22/23/24

POSITIONAL TRADES
BUY RELMEDIA TGT 275/315*
BUY EVERONN TGT 538*
BUY GTN INDS TGT 26/34/50**
BUY SINTEX TGT 350/400 **

INTRADAY TIPS FOR 28 JUNE 2010

GOOD MORNING!!!

KEY BENCHMARK INDICES SLUMPED TO INTRADAY LOWS FOLLOWING THE DECLINE IN EUROPE AND US STOCKS AND INDEX FUTURES. THE MAJOR TRIGGER IN THE MARKET WHICH WAS BEYOND THE EXPECTATION OF COMMON MAN WAS DECONTROLING OF OIL AND GAS PRICES. OIL AND GAS STOCKS SURGED LIKE A ROCKET SOON AFTER THE GOVERNMENT FREE PETROL PRICES IT IS ALSO SAID THAT GOVERNMENT WILL EVENTUALLY DECONTROL DIESEL PRICES TOO. AUTO SOME OF THE AUTO SHARES FELL ON WORRIES OF THE LATEST GOVERNMENT DECISION ON FUEL PRICE INCREASE. BANKING STOCKS TOO NOSE DIVED ON THE INFLATION CONCERNS OVER THE PETROL PRICE HIKE DECISION. ALL IN ALL THE MARKET BREADTH WAS WEAK.

TODAY MARKETS WOULD REMAIN NEGATIVE ON THE CONCERNS OF INFLATOR CONCERNS. TODAY IF NIFTY TRADES BELOW 5276 THEN LIKELY TO COME DOWN TO 5240 AND THEN TO 5204 AND BELOW 5200 ITS WEAKNESS WOULD PERSIST FURTHER AND ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5310 THEN LIKLEY TO MAKE AN UPMOVE TO 5354 AND THEN TO 5400 LEVELS. NIFTY ON THE POSITIONAL FRONT STILL REMAINS STRONG AND LIKLEY TO MAKE AN UPMOVE ANY POSITIVE TRIGGERS FROM MANSOONS WOULD TAKE NIFTY TO NEW HIGHS OF THE YEAR. ONE CAN SEE PETROLEUM STOCKS TO MOVE POSITIVE. PHARMA AND IT REMAINS BULLISH.

BUY HINDPETRO SL 397 TGT 410/421/438
BUY IOC SL 377 TGT 398/411/420
BUY BPCL SL 618 TGT 637/650/673
BUY AMTEKAUTO SL 177 TGT 180/183/186
BUY APIL SL 659 TGT 679/689/708
BUY MRPL SL 72 TGT 75//76.5/77.5
BUY ESSAR OIL SL 136 TGT 142/144/149

POSITIONAL TRADES
BUY SURYAPHARM TGT 226
BUY SUTLEJTEX TGT 208
BUY PROVOGUE @55 TGT 69
BUY CCL TGT 250/280
BUY MSP STEEL & POWER LTD @42.15 TGT 53/59
BUY PRECOT MERIDIAN LTD TGT 286
BUY GHCL @ 48.10 TGT 55/61
BUY SANWARIA AGRO OILS @ 45.90 TGT 58
BUY LUMAXIND TGT 355

INTRADAY TIPS FOR 25 JUNE 2010

GOOD MORNING!!!

MARKETS WITNESSED HIGH VOLATILITY IN THE LATE TRADE WITH TRADERS ROLLING THEIR POSITIONS FROM THE CURRENT MONTH TO THE NEXT MONTH CONTRACTS, WEAKNESS IN GLOBAL STOCKS CAUSED BY US FEDERAL RESERVES MORE DOWNBEAT LANGUAGE ON ECONOMIC GROWTH IN THE WORLDS BIGGEST ECONOMY WEIGHTED ON INVESTORS SENTIMENTS. BANKING, IT AND AUTO STOCKS FELL. VOLATILITY WAS VERY HIGH DURING INTRADAY, MARKET DIDN’T CONSIDER THE GLOBAL INDICIES EARLY IN THE MORNING AND MANAGED TO POST GAINS IN THE OPENING SESSION BUT COULD NOT WITHSTAND AS THE DAY WENT BY WITH EUROPE TURNING VERY NEGATIVE.

TODAY MARKETS WOULD BE NEGATIVELY BIASED AND RANGE BOUND AND WOULD LIVE IN A CONSOLIDATION PHASE, THE NEGATIVITY OF WORLD MARKETS WOULD SHOW SOME IMPACT ON OUR MARKETS. TODAY ONE IS ADVISED TO GO LONG IF NIFTY TRADES ABOVE 5350 THEN LIKELY TO MOVE UP TO 5373 AND BREAK ABOVE THIS POINT WOULD TAKE IT TO 5400 AND ANY CLOSE ABOVE 5400 WOULD TAKE NIFTY TO NEW HIGHS OF THE YEAR. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5224 THEN LIKLEY TO COME DOWN TO 5300 AND ANY BREAK BELOW THIS POINT WOULD DRAG NIFTY TO 5257 AND THEN BELOW THIS POINT 5204. KEEP A WATCH ON TEXTILES. ON THE MEDIUM TERM KEEP A LOOK AT PHARMA AND IT.

BUY HINDOILEXP SL 221.9 TGT 230/239/245
BUY NAGARCONST SL 192 TGT 195/197/200
BUY PIRHEALTH SL 142 TGT 145/147/149
BUY BANKINDIA SL 347.7 TGT 351/355/357.8
BUY BRFL SL 254 TGT 260/266/270 (MEDIUM TERM TGT 300/385)
BUY GODREJIND SL 169.7 TGT 174/179/182 (MEDIUM TERM TGT 200)

INTRADAY TIPS FOR 24 JUNE 2010

GOOD MORNING!!!

INDICES CLOSED MARGINALLY HIGHER AFTER A SEE-SAW MARKET, ALL THROUGH THE DAY MARKET MOVED BETWEEN POSITIVE AND NEGATIVE TERRAIN MARKET RECOVERED FROM AN INITIAL STEEP SLIDE TRIGGERED BY WEAK ASIAN STOCKS AND TOOK OFF FROM THE LOWS IN THE LATE AFTERNOON TO CLOSE MARGINALLY POSITIVE. STOCKS FROM COUNTERS LIKE REALTY, AUTO, HEALTHCARE, CONSUMER DURABLES AND STEEL STOCKS ROSE. VOLATILITY WAS VERY HIGH AS TRADERS ROLLED OVER POSITIONS IN THE DERIVATIVES SEGMENT FROM THE NEAR-MONTH JUNE CONTRACTS TO JULY CONTRACTS AHEAD OF THE EXPIRY. THE MARKET WEAKENED ONCE AGAIN IN MORNING TRADE. FED RATES REMAINED UNCHANGED.

TODAY MARKETS WOULD REMAIN HIGHLY VOLATILE ON THE VERGE OF EXPIRY, WE MAY SEE VERY STOCK SPECIFIC MOVES IN THE MARKET. TODAY IF NIFTY TRADES ABOVE 5350 THEN LIKELY TO MAKE AN UPMOVE UPTO 5373 AND ANY BREAK ABOVE THIS POINT WITH VOLUMES MAY TAKE NIFTY TO 5400 LEVELS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5298 ONLY THEN ONE CAN THINK OF SHORTING FOR A TARGET OF 5257 LEVELS AND ANY BREACH BELOW THIS LEVEL WOULD DRAG NIFTY TO 5204 LEVELS.

BUY VALECHAENG SL 187 TGT 196/203/211
BUY CAIRN SL 310 TGT 313/316/318 (MEDIUM TERM 340)
BUY AMTEKAUTO SL 168 TGT 173/178/181
BUY OPTOCIRCUI SL 241 TGT 244.8/248/250
BUY JAYSREETEA SL 286 TGT 293/299.9/304

NOTE: BUY ABOVE CLOSING PRICE

INTRADAY TIPS FOR 23 JUNE 2010

GOOD MORNING!!!

INDICES COULD NOT HOLD THE GAINS OF THE LAST FEW SESSIONS, THEY GOT SLUMPED TO FRESH INTRADAY LOWS IN LATE TRADE AS EUROPEAN STOCKS EXTENDED LOSSES AND US INDEX FUTURES TURNED NEGATIVE. METAL, BANKING AND IT STOCKS FELL, FMCG STOCKS ROSE. THE MARKET BREADTH WAS NEGATIVE IN CONTRAST TO A POSITIVE BREADTH EARLIER. THERE WAS IMMENSE VOLATILITY IN THE TRADE AS TRADERS ROLLED OVER POSITIONS IN THE DERIVATIVES SEGMENT FROM THE NEAR-MONTH JUNE 2010 CONTRACTS TO JULY 2010 CONTRACTS AHEAD OF THE EXPIRY.

TODAY MARKETS LOOK WEAK AND LIKELY TO OPEN NEGATIVE, BUT STILL ONE CANNOT IGNORE THE POSITIVITY OF THE MARKETS TILL THE TIME THE LEVELS ARE BREACHED AND MARKETS GET INTO COMPLETE NEGATIVITY ONE CANT THINK OF MARKETS TO BE IN THE NEGATIVE MODE. TODAY NIFTY TRADES BELOW 5300 LIKELY TO MAKE A NOSE DIVE TO 5286 AND BREACH BELOW THIS LEVEL WOULD DRAG NIFTY TO 5262 AND ANY BREAK AND TRADE BELOW THIS POINT WOULD TAKE NIFTY TO 5200 ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5350 ONE CAN SEE IT TO GO UP TO 5400 AND THEN IT MAY MOVE UP FURTHER TO NEW HIGHS OF THE YEAR.

BUY GLOBUSSPR SL 168 TGT 179/185/190
BUY DHANBANK ABOVE 175.5 SL 172 TGT 180/188/193
BUY RECLTD SL 299 TGT 306/312/316
BUY MCLEODRUSS ABOVE 195.3 SL 194 TGT 197/199.5/201.4
BUY LUMAXIND ABOVE 272.5 SL 265 TGT 284/299/313

INTRADAY TIPS FOR 22 JUNE 2010

GOOD MORNING!!!

THE MARKETS SURGED ON THE NEWS THAT CHINA WILL ALLOW ITS CURRENCY MORE FREEDOM TO MOVE AGAINST THE US DOLLAR AND LATER WITH THE END OF UNIT LINKNED INSURANCE PRODUCTS (ULIPS) SAGA THESE BOTH HAVE AIDED THE RALLY. METALS AND REALITY MADE A GOOD MOVE IN THE MARKETS IT HAS UNDERPERFORMED ON RUPEE SURGE AGAINST DOLLAR. MARKETS CONTINUED TO REMAIN ON THE UPTREND WITH NEWS COMING IN INFAVOUR OF MARKETS AFTER ULIPS MET DEPARTMENT SAID MANSOON RAINS REACHED SOME REGIONS OF GUJRAT SO THESE ALL NEWS KEPT MARKET ON STEADY PACE. METALS OUTPERFORMED IN THE MARKETS AS CHINA PLEDGED TO MAKE ITS CURRENCY MORE FLEXIBLE LIFTED COPPER AND OTHER BASE METALS IN SHANGHAI MARKET ON HOPES INCREASED PURCHASING POWER WILL BOOST THE DEMAND. OVERALL MARKETS WERE IN GOOD SHAPE AND VERY HEALTHY.

TODAY MARKETS LOOKS VERY VOLATILE ON FNO EXPIRY FRONT. WE MAY SEE LOT OF BIG MOVES IN THE MARKETS ONE HAS TO BE VERY CAUTIOUS NOW AT THIS STAGE IN THE MARKETS AS WE MAY SEE IRRATIC MOVES IN THE MARKETS. IF NIFTY TRADES ABOVE 5373 IN NIFTY ONLY THEN TAKE LONG POSITION AND WE MAY SEE TOUGH RESISTANCE AT 5400 LEVELS AND BREAK ABOVE THIS LEVEL ON CONVINCING NOTE WOULD TAKE NIFTY TO 5450 LEVELS AND ONE SHOULD REMEMBER THAT THOUGH MARKET IS ON A BULLISH ZONE WE MAY HAVE IRRATIC UP AND DOWN MOVES AHEAD OF EXPIRY SO ONE NEEDS TO STAY VERY CATIOUS AT HIGHER LEVELS, OVERALL MARKETS LOOK VERY BULLISH ON NEAR TERM. ON THE NEGATIVE ZONE IF NIFTY TRADES BELOW 5325 THEN TAKE SHORT POSITON FOR A TARGET OF 5200 AND THEN BREAK BELOW THIS LEVEL WOULD FURTHER BREACH NIFTY TO 5257. STAY CATIOUS AT HIGHER LEVELS

BUY LIBERTY PHOSPHAT SL 37.9 TGT 39.6/40.4/41.9 *
BUY ICICIBANK SL 895 TGT 915/922/930
BUY VIPIND SL 293 TGT 307/317/330 (MEDIUM TERM 360/ 400)*
BUY BANKRAJAS SL 173 TGT 179/183/186
BUY FCH SL 203 TGT 212/217/226*
BUY VOLTAS SL 195 TGT 199/202/205*
BUY FIEM IND TGT 186/197/226*

POSITIONAL TRADES
BUY RAMA PHOSPHATED LTD TGT 45

INTRADAY TIPS FOR 21 JUNE 2010

GOOD MORNING!!!

INDICES MANAGED TO CLOSE MARGINALLY LOWER AFTER STRAIGHT SEVEN DAY WINNING STREAK IN A ROW, MARKETS WERE FLAT WITHOUT MUCH VOLUMES AND ENDED SLIGHTLY NEGATIVE. AMONG THE SECTORAL FRONT IT SECTOR OUT PERFORMED REST ALL THE SECTORS CLOSED IN RED. OVERALL MARKET BREADTH WAS WEAK WHEN COMPARED TO THE EARLIER DAY BUT MARKET STILL REMAINS BULLISH ON THE LONG TERM PERSPECTIVE. MANSOONS AND ADVANCE TAX WOULD BE THE MAJOR TRIGGERS IN THE MARKET IN THE DAYS AHEAD.

TODAY MARKETS LOOKING GOOD AND MAY REMAIN IN A RANGE, IF NIFTY TRADES ABOVE 5300 THEN LIKELY TO MOVE UP TO 5345 AND THEN TO 5372 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5400 LEVELS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5268 THEN LIKELY TO COME DOWN TO 5242 AND THEN TO 5224 LEVELS AND ANY BREAK BELOW THIS LEVEL WOULD TAKE TO A PSYCHOLOGICAL SUPPORT ZONE OF 5200 LEVELS AND BREACH BELOW THIS LEVEL WOULD BE CONSIDERED TO BE REVERSAL IN THE TREND. LONG TERM PERSPECTIVE STILL REMAINS BULLISH AND ONE CAN STAY LONG AS LONG AS THE SPECIFIED LEVELS ARE BREACHED. IT LOOKS GOOD IN THE DAYS AHEAD.

BUY IDFC SL 167 TGT 171/174/176
BUY TCS SL 779 TGT 788/792/798 (MEDIUM TERM TGT 850)
BUY BHEL SL 2406 TGT 2436/2450/2472 (MEDIUM TERM 2600/2678)
BUY INFOSYSTCH SL2779 TGT 2815/2845/2885*
BUY UBL SL 233 TGT 244/252/263
BUY HDFC SL 2920 2936/2945/2954
BUY STAR SL 390 TGT 398/402/405

POSITIONAL TRADES
BUY INTERNATIONAL TRAVEL HOUSE CMP 199 TGT 225/258
BUY ICSA @ 137.60 TGT 165/200/250
BUY MUKAND ENGG @ 51.75 TGT 58/67

INTRADAY TIPS FOR 18 JUNE 2010

GOOD MORNING!!!

DESPITE OF STRONG GLOBAL CUES INDIAN MARKETS TRADED SIDEWAYS DURING THE START OF THE MARKETS BUT CONTINUED THE RALLY FOR THE SEVENTH DAY IN A ROW TO SETTLE AT ONE AND HALF MONTH HIGHS AFTER SPANISH BOND AUCTION EASED WORRIES ABOUT THE EURO-ZONE CRISIS. EXPECTATIONS ON STRONG EARNINGS HAVE BOOSTED THE SENTIMENT AS FIRMS HAVE PAID HIGHER ADVANCED TAX IN Q1 JUNE 2010. THE BREADTH OF THE MARKET WAS POSITIVE, MARKETS HAVE MOVED UP ON THE STRONG BUYING FROM FII’S IN THE RECENT PAST I.E., FROM 10 JUN TO 16 JUN 10 THEY HAVE MADE PURCHASES OF AROUND 2787.45 CRORES AND THE NET INFLOW TOTALLED TO 1698.75 CRORES, WHEN COMPARED TO MAY 2010 THERE WAS A VERY HIGH OUTFLOW WHICH HAS FIGURED TO BE 12071.13 CRORES. ALL IN ALL THE MARKETS HAVE REGAINED THE STRENGTH.

TODAY MARKETS WOULD OPEN FLAT AND TRADE IN NARROW RANGE BOUND. ONE HAS TO BE VERY CAUTIOUS ON THE MARKETS TO TAKE POSITIONS, MAKE A NOTE OF THE FOLLOWING LEVELS TO ENTER INTO THE MARKETS FOR WISE TRADING. IF NIFTY TRADES ABOVE 5300 MARKETS WOULD MOVE UP TO 5344 AND ABOVE THAT POINT WOULD TAKE NIFTY TO 5400 ANY CLOSE ABOVE 5300 IS CONSIDERED TO BE VERY BULLISH AND ONE NEEDN’T TO WORRY ABOUT MINOR UPS AND DOWNS IN THE MARKETS AS NIFTY LIKELY TO MAKE FRESH HIGHS OF THE YEAR. ON THE DOWN SIDE IF NIFTY TRADES BELOW 5268 THEN ONE CAN SEE NIFTY TO MOVE DOWN TO 5250 AND THEN TO 5224 ANY BREAK BELOW 5224 WOULD DRAG NIFTY TO 5200. ONE HAS TO REMEMBER THAT OVERALL STRENGTH OF THE MARKET REMAINS STRONG SO ONE HAS TO ONLY THINK OF GOING LONG AND CAPITALIZE EVERY DOWNFALL TO ACCUMULATE AND TRADERS CAN FOLLOW THE ABOVE LEVELS FOR TRADING.

NOTE: TODAY RIL AGM, KEEP AN EYE ON BOTH AMBANI BROTHERS STOCKS

BUY ICICIBANK SL 879 TGT 897/916/927
BUY RELCAP SL 757 TGT 773/781/798
BUY LT SL 1770 TGT 1797/1827/1848
BUY TTKPRESTIG SL 919 TGT 949/965/984 (POSITIONAL TGT 1150/1500)

POSITIONAL TRADES
BUY ADORWELD TGT 250
BUY HDFC TGT 3400

INTRADAY TIPS FOR 17 JUNE 2010

GOOD MORNING!!!

TRACKING THE STRONG GLOBAL CUES, INDIAN MARKETS HAVE EDGED HIGHER IN THE OPENING AND COULDN’T CONTINUE THE MOMENTUM AND AT EVERY RISE WE HAVE WITNESSED SOME PROFIT BOOKING IN THE MARKETS AND IN THE MID AFTERNOON MARKETS SLID AND TURNED NEGATIVE BUT SOON AFTER EUROPE EDGED HIGHER MARKETS HAVE REGAINED THE MOMENTUM AND TURNED POSITIVE AND WAS COMPLETELY ON THE NARROW RANGE BOUND AND FINALLY MANAGED TO CLOSE ABOVE THE PREVIOUS CLOSE BY 11 POINTS. TODAY IT SECTOR ALONG WITH AUTO AND CONSUMER DURABLES WERE ON THE POSITIVE TRACK, METALS HAVE ALSO SUPPORTED THE MARKETS.

TODAY MARKETS MAY BE SIDEWAYS AND COULD REMAIN IN A RANGE BOUND FOR SOMETIME AND IF NIFTY TRADES IN A NARROW RANGE THEN IT IS A HEALTHY SIGN FOR THE MARKETS IN THE COMING DAYS. ON THE LEVELS WISE IF NIFTY TRADES BELOW 5200 ONCE CAN SEE NIFTY TO SLIDE DOWN TO 5164 LEVELS AND BREAK BELOW THIS LEVELS WOULD TAKE NIFTY TO 5124 AND ANY BREAK BELOW THIS LEVELS WOULD BE NEGATIVE FOR THE MARKETS AND ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5250 THEN LIKELY TO SEE NIFTY TO MOVE UP TO 5300 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO ANOTHER NEW HIGHS OF THE YEAR.

NO RECOS FOR THE DAY

INTRADAY TIPS FOR 16 JUNE 2010

GOOD MORNING!!!

LAST DAY WE HAVE WITNESSED A GOOD DAY IN THE MARKETS WITH MARKETS SURGING TO THE NEW HIGHS OF THE LAST ONE MONTH, AMBANI BROTHERS WERE THE KEY TRIGGERS FOR THE MARKETS AS ALMOST ALL THE COUNTER PARTS OF AMBANI FRATERNITY HAVE SURGED TO THE BEST POSSIBLE LEVELS. INITIALLY MARKETS HAVE TRADED IN A NARROW RANGE BUT LATER IN THE SECOND HALF OF THE TRADE MARKETS MANAGED TO CHARGE WITH BULLS COMPLETELY TAKING OVER, THERE WAS A GOOD BUYING SEEN IN THE MARKETS. ALL IN ALL MARKETS HAVE ENTERED A PHASE WHERE ONE CAN TAKE INVESTMENT CALLS AT THIS STAGE.

TODAY MARKETS WOULD OPEN ON A POSITIVE NOTE AND WOULD CONTINUE TO REMAIN POSITIVE UNLESS IT BREACHES 5219. IF NIFTY TRADES ABOVE 5240 THEN LIKELY TO MOVE UP TO 5286 AND THEN LIKELY TO MOVE UP TO 5300 THIS WOULD ACT AS A PSYCHOLOGICAL RESISTANCE ZONE BUT IF NIFTY MANAGES TO TRADE ABOVE THIS LEVEL THEN MAY TAKE NIFTY TO NEW HIGHS OF THE YEAR. AND ON THE NEGATIVE SIDE IF NIFTY TRADE BELOW 5219 THEN LIKELY TO TRADE LOWER AND COME DOWN TO 5173 AND BREAK BELOW THIS LEVEL WOULD COME DOWN TO 5150 AND THEN TO 5124 LEVELS.

NO RECO FOR THE DAY

INTRADAY TIPS FOR 15 JUNE 2010

GOOD MORNING!!!

INDIAN MARKETS CONTINUED THEIR WINNING STREAK FOR THE FOURTH DAY ON STRONG GLOBAL MARKETS. THERE WAS SUSTAINED BUYING IN THE BLUE CHIP COUNTERS FROM INVESTORS THERE WAS CONTINUOUS BUYING SEEN AT EVERY PHASE IN THE MARKETS. RELIANCE STOCKS OUT PERFORMED. BEARS WERE COMPLETELY THROWN AWAY IN THE MARKETS, BULLS HAVE COMPLETELY CAPTIVATED THE MARKETS. TODAY SECTORS LIKE TECHNOLOGY, OIL AND GAS HOGGED THE LIMELIGHT. INITIALLY MARKETS MADE GAP-UP OPENING ON POSITIVE GLOBAL CUES AND TRADED IN A NARROW RANGE AND THEN TOOK OFF AFTER A SMALL RETRACEMENT AND HAS HIT HIGHER HIGHS IN THE MARKET. BEARS HAVE MANAGED TO DAMAGE IN THE LATE AFTERNOON ON THE SHOCK OF INFLATION BUT MARKETS HAVE ABSORBED THE NEGATIVITY OF INFLATION AS BULLS MADE A ROARING COME BANK MANAGING TO CLOSE AT ONE MONTH PEAKS.

TODAY MARKETS LOOKS FLAT AND RANGE BOUND. WE CAN SEE MARKETS TO COMPLETELY PLAY IN A NARROW RANGE BAND WITH VERY STOCK SPECIFIC MOVES AND ONE HAS TO REMEMBER THAT STAYING SHORTS WILL NOT DO GOOD AT THIS STAGE AS MARKETS LOOKING VERY GOOD ON THE POSITIONAL FRONT SO EVERY DECLINE IS A BUYING OPPORTUNITY ONE CAN MAKE USE OF THIS THAN GOING SHORT AT THIS STAGE, WE EXPECT MARKET TO SURPASS PREVIOUS HIGHS. IF NFITY NIFTY TRADES ABOVE 5218 THEN LIKELY TO MOVE UP TO 5268 AND ANY BREAK ABOVE THIS POINT WOULD TAKE IT TO 5300 AND WE MAY LIKELY SEE NIFTY TO TOUCH 5500 IN A VERY SHORT TIME AS WE FORESEE RELIANCE PEACE PACT WOULD FAVOUR MARKETS AND MANSOONS WOULD DO LOT BETTER THAN EXPECTED. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5167 TAKE SHORT POSITIONS ON INTRADAY FOR A TARGET OF 5132.

BUY RPOWER SL 164.9 TGT 171/175/178
BUY RELCAPITAL SL 711 TGT 735/749/759
BUY ENIL SL 244 TGT 259/273/282
BUY RELINFRA SL 1146 TGT 1176/1193/1205
BUY RIIL SL 889 TGT 945/980/1032
BUY EVERONN SL 425 TGT 450/465/474

POSITIONAL TRADES
BUY INSECTICID TGT 221/280

INTRADAY TIPS FOR 14 JUNE 2010

GOOD MORNING!!!

FRIDAY MARKETS HAVE ADDED TO THEIR GAINS. INITIALLY MARKETS HAVE TRADED POSITIVE AND STARTED TO COME UP WITH SOME PROFIT BOOKING LATER WITH THE GOOD IIP NUMBERS MARKETS HAVE INCHED HIGHER WITH BETTER-THAN-EXPECTED IIP NUMBERS FOR APRIL. MARKETS GAVE A STEADY RISE IN THE AFTERNOON SOON AFTER THE DECLARATION OF IIP NUMBERS FOR THE MONTH AS IT STOOD BEYOND THE EXPECTATION OF MARKETS, MARKETS EXPECTED TO INCREASE IT TO 14% FOR THE MONTH BUT THE MARKETS OUT-PERFORMED MORE THAN EXPECTATION AS IT STOOD AT 17.6% COMPARED TO 13.5% FOR MARCH (MOM).

TODAY MARKETS WOULD REMAIN RANGE BOUND WITH POSITIVE BIAS. IF NIFTY TRADES ABOVE 5135 THEN LIKELY TO MAKE A MOVE UPTO 5162 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE IT TO 5218 LEVELS THOUGH 5200 IS A PSYCHOLOGICAL RESISTANCE ZONE. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5098 THEN LIKELY TO DECLINE TO 5075 AND THEN TO 5053 AND ANY BREAK BELOW 5053 CONVINCINGLY WOULD TAKE IT DOWN FURTHER TO 5024 TO 5000 LEVELS. THERE MAY BE BARGAIN HAUNT ON THE STOCKS WHICH ARE BATTERED IN THE LAST FEW TRADING SESSIONS. MARKETS OVER A LONG TERM PERSPECTIVE LOOKING VERY GOOD ONE CAN START INVESTING IN SMALL QUANTITIES IF NIFTY TRADES AND CLOSES ABOVE 5150 LEVELS.

BUY HDIL SL 233 TGT 240/246/250
BUY NATIONAL STEEL & AGRO INDS SL 27.4 TGT 28.40/29.30/29.75
BUY FORTIS SL 149 TGT 155/159/162
BUY ARSSINFRA SL 1244 TGT 1270/1293/1307
BUY IRB SL 277 TGT 283/288/292
BUY SIEMENS SL 717 TGT 727/735/742
POSITIONAL TRADES
BUY VINYL CHEMICALS TGT 35/45**
BUY ARIES AGRO TGT 155/188*
BUY JYOTHY LAB TGT 300/350*
BUY ESCORTS TGT 230

INTRADAY TIPS FOR 11 JUNE 2010

GOOD MORNING!!!

KEY INDICES CONTINUED TO GYRATE IN A VERY NARROW RANGE WITH POSITIVE BIAS TILL EUROPEAN MARKETS OPENED AND WITH HIGHER US INDEX IN THE LATE AFTERNOON MARKET STARTED SURGING AND BARGIN HUNT STARTED IN ALMOST ALL THE SECTORS, IN THE EARLY TRADE THOUGH EUROPE WAS TRADING IN NEGATIVE ZONES MARKETS DID NOT REACT TO IT OR FOLLOWED ITS PATH IT SUSTAINED THE POSITIVE ZONE ALL THROUGH THE DAY AND IN THE AFTERNOON SESSION SLOWLY EUROPE ALSO STARTED TO JOIN THE POSITIVE MARKETS AND OUR MARKETS TOOK MOMENTUM AND STARTED HITTING HIGHER HIGHS OF THE DAY AND CLOSED IN A VERY POSITIVE TERRITORY THERE BY GIVING SCOPE FOR FRESH ENTRANTS TO CHARGE THE MARKETS. OVERALL CLOSING OF THE MARKET INDICATED STRONG BREADTH.

TODAY MARKETS MAY OPEN POSITIVE AND MARKETS MAY RALLY IF NIFTY TRADES ABOVE 5135 THEN LIKLEY TO MOVE UP TO 5162 LEVELS AND MAY FACE SOME RESISTANCE OVER THAT PLACE AND CONTINUE TO RALLY UPWARDS WITH GOOD VOLUMES MAY TAKE FURTHER UPSIDE TO 5218 LEVELS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5075 LIKELY TO DIP DOWN TO 5053 LEVELS AND ANY BREAK BELOW WOULD NOSE DIVE TO 5024 LEVELS AND THEN TO 5000 LEVELS. ONE IS ADVISED TO STAY AWAY FROM SHORTS FOR TIME BEING.

BUY TATA METALIK SL 150 TGT 158/163/172
BUY BATA(I) SL 276 TGT 289/297/304
BUY ORCHID CHEM SL 150 TGT 153.5/155/157
BUY RELINFRA SL 1113 TGT 1140/1152/1162
BUY CIPLA SL 332 TGT 339/342/346
BUY CUMMINS SL 590 TGT 597/601/604

INTRADAY TIPS FOR 10 JUNE 2010

GOOD MORNING!!!

MARKETS WERE POSITIVE THROUGH OUT THE DAY THOUGH THERE WERE NEGATIVE NEWS FLOWS FROM EURO REGION THE ONLY SIGN OF RELIEF FOR BULLS WHICH HELD MARKETS TIGHT WAS CHINAS EXPORTS RISED BY 50% IN THE MONTH OF MAY WHICH HELD THE MARKET, METALS, HEALTHCARE AND OIL & GAS SHARES HAVE ROUTED AND HELD THE MARKETS ON THE POSITIVE TERRAIN, WHILE FMCG, IT AND POWER HAVE DISAPPOINTED AND COULDN’T ADD ANYTHING TO THE RISE IN INDICES. MARKETS IN THE AFTERNOON COULDN’T HOLD ANYTHING WHEN EUROPE STARTED FALLING SOON AFTER OPENING AND OUR MARKETS ALSO STARTED TAKING THE SAME PATH OF EUROPE AND STARTED DECLINING VERY SWIFTLY, FROM THE VERY POSITIVE ZONE MARKETS FELL TO NEGATIVE AND AT THE LAST HALF AN HOUR MARKETS MANAGED TO CLOSE SLIGHTLY POSITIVE BUT ALL IN ALL MARKETS BECAME WEAK AT THE CLOSING.

TODAY MARKETS WOULD OPEN FLAT AND REMAIN IN A NARRROW RANGE. ONE IS ADVISED TO STAY VERY CAUTIOUS AS EURO DEBT CRISIS ARE THE MAJOR CAUSE OF CONCERN IN THE MARKET IF THIS DEBT CRISIS INTENSIFIES WE MAY END UP IN DOUBLE RECESSION. WE HAVE SEEN MARKETS WITH LOT OF VOLATALITY WHICH IS NOT GIVING CLEAR DIRECTION OF THE MARKETS THOUGH TRADING IN NEGATIVE ZONES, MARKETS ARE VERY VOLATILE SO STAY CAUTIOUS IN THIS MARKETS. IF NIFTY TADES ABOVE 5025 THEN IT CAN REACH 5050 AND BREAK ABOVE THIS POINT CONVINCINGLY WOULD TAKE IT TO 5070 AND ON THE NEGATIVE SIDE IF NIFTY BREAKS BELOW 4980 THEN LIKELY TO GO TO 4950 AND BREAK BELOW THIS LEVEL WOULD TAKE IT TO 4900ONE IS ADVISED TO STAY VERY CAUTIOUS AND DON’T ENTER ANY TRADE IN BETWEEN 4980 AND 5025. KEEP AN EYE ON POWER STOCKS LIKE CESC, PTC, PFC AND OTHERS.

BUY STERLITE SL 622 TGT 638/642/645
BUY NAGARCONST SL 179 TGT 184/186/188
BUY DR REDDY SL 1463 TGT 1484/1490/1500
BUY PFC SL 300 TGT 304/306/309
BUY ORCHID SL 143 TGT 146/148/150
CAUTION BUY IN VERY LOW QTYS

INTRADAY TIPS FOR 09 JUNE 2010

GOOD MORNING!!!

INDIAN MARKETS GOT RUINED ON LATE SELL-OFF WHICH GOT TRIGGERED BY WEAK EUROPEAN EQUITIES, THE MARKETS THAT WERE TRADING WITH STEADY GAINS TILL LATE AFTERNOON, SUDDENLY SAW HEAVY SELLING PRESSURE LED BY REALTY, METAL AND OIL & GAS SHARES. MARKETS TRADED IN POSITIVE TERRAIN TILL AFTERNOON TRADE TILL THE SELL OFF RALLY CAME TRACKING EUROPEAN MARKETS IT OSCILLATED IN A NARROW RANGE TILL AFTERNOON. ALL IN ALL THE BREADTH OF THE MARKET SLIPPED FROM POSITIVE ZONE TO NEGATIVE ZONE IN THE LAST ONE HOUR OF TRADE.

TODAY NIFTY LIKELY TO OPEN FLAT AND REMAIN IN RANGE BOUND. NIFTY TOOK GREAT SUPPORT AT 4950 WHICH IS VERY CRUCIAL LEVEL IN THE VERY NEAR TERM. ONE CAN HAS TO THINK OF SHORTS ONLY IF NIFTY BREACHES 4950 AND TRADES UNTIL THEN ONE HAS TO REMAIN CAUTIOUS. TODAY IF NIFTY TRADES BELOW 4950 THEN LIKELY TO DIP DOWN TO 4900 AND BREACH BELOW THIS LEVEL WOULD TAKE NIFTY TO 4860 AND ANY CLOSE BELOW 4900 IS LIKLEY TO WITNESS LOT OF SELLING PRESSURE ALONG WITH FRESH SHORTS INITIATING AT THAT LEVEL AND BEARS WOULD CAPTIVATE MARKETS MORE AGGRESSIVELY NO SOONER NIFTY BREACHES 4900 LEVELS. ON THE POSITIVE SIDE IF NIFTY TRADE ABOVE 5000 ONE IS ADVISED TO GO LONG UNTIL THEN STAY SHORT OR AWAY FROM THE MARKETS IF NIFTY CLOSES ABOVE 5000 MARK THEN ONE CAN INITIATE LONGS TO CERTAIN EXTENT AS MARKETS ARE ON HIGH PRESSURE FROM EUROPEAN AND OTHER ECONOMIES IT IS WISE TO TRADE LESS AND STAY ON CASH.

NO RECOS FOR THE DAY

INTRADAY TIPS FOR 08 JUNE 2010

GOOD MORNING!!!

MARKETS SNAPPED ITS WINNING STREAK ON MONDAY AFTER A THREE DAY SURGE ON THE CONCERNS OVER SLOWDOWN IN THE RECOVERY OF GLOBAL ECONOMY, THIS FALL GLOBALLY IS BECAUSE OF LOWER THAN EXPECTED JOBS DATA FOR THE MONTH OF MAY OVER THE WEEKEND AND ADDING FUEL TO THE FIRE WAS EURO ZONE DEBT CRISIS WHICH HAS STARTED SHOWING ITS IMPACT ON NEIGHBOURING COUNTRIES, THIS TIME HUNGARY HAS PUT THEIR LEG FORWARD WHICH HAS INVITED FEARS IN INVESTORS NOW ARE LITTLE APPREHENSIVE MARKETS AS THEY FEEL MORE TROUBLE MAY BE INVITED BY EUROPEAN ECONOMIES. OVERALL COMPLETELY CAPTIVATED BY BEARS AND DIDN’T GIVE MUCH SCOPE TO BREATH IN TERMS OF RETRACEMENT ALMOST MANY HAVE SHATTERED TO THE NEW LOWS, SELLING PRESSURE EXISTED RIGHT FROM THE BEGINNING OF THE TRADE, WE HAVE ALSO SEEN PROFIT BOOKING IN PSU. BUT ALL IN ALL IT WAS A GOOD MARKET AS WE DIDN’T SEE NIFTY TO NOSE DIVE AS EXPECTED IT IS MUCH BELOW THAN WHAT WAS ANTICIPATED LAST DAY.

TODAY WE EXPECT MARKET TO REMAIN IN A NARROW RANGE BAND AND THERE WOULD BE SOME BUYING COMING IN AT LOWER LEVELS AND WE WILL SEE VERY STOCK SPECIFIC MOVES IN THE MARKETS. IF NIFTY TRADES ABOVE 5030 THEN LIKELY TO MAKE AN UPMOVE TO 5062 LEVELS AND BREAK ABOVE IT WOULD TOUCH 5098 LEVELS AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5000 THEN LILKEY TO COME DOWN TO 4980 AND FURTHER BELOW THIS LEVEL WOULD TAKE NIFTY TO 4950 AND ANY CLOSE BELOW 4950 WOULD BE CONSIDERED VERY WEAK AND MAY HEAD DOWN TO 4675 LEVLES. THERE IS ONE IMPORTANT INFORMATION WHERE ONE HAS TO BE CAREFUL IS MANSOONS WHICH HAVE POSITIVE DEVELOPMENTS ON THE SOUTHWEST MANSOONS WHICH IS A KEY TRIGGER IN THE MARKET IN THE COMING DAYS AS THE MANSOONS STARTED PROGRESSING AFTER BEING STALLED FOR SOME TIME DUE TO A CYCLONE FORMATION OVER ARBIAN SEA NOW THAT THEIR PROGRESS IS MORE RAPID NOW, SO IF MANSOONS ARE AT EVEN NORMAL THEN EXPECT MARKET TO GO MUCH HIGHER THAN EXPECTED.

BUY LAKSHMI VILAS BANK SL 86 TGT 92/94/96
BUY DHANALAXMI BANK SL 159 TGT 164/166/170
BUY RELMEDIA SL 174 TGT 185/188/192
BUY GSPL SL 93 TGT 99/102/104

POSITIONAL TRADES
BUY FAIRFIELD ATLAS TGT 75/100
BUY DCB TGT 56/66

INTRADAY TIPS FOR 07 JUNE 2010

GOOD MORNING!!!

ON FRIDAY THE DOMESTIC MARKETS CONTINUED TO TRADE IN A TIGHT RANGE BUT GAINED STRENGTH IN THE LATE AFTERNOON TRADE TRACKING POSITIVE EUROPEAN SHARES. MOST OF THE ASIAN MARKETS WERE ON THE POSITIVE LINES BOOSTING THE INVESTORS CONFIDENCE AT THE LOCAL MARKETS TOO. BOTH NIFTY AND SENSEX HIT INTRADAY HIGHS BY AFTERNOON TRADE BUT RESISTING 5150 LEVELS. AMONGST THE SECTORS CONSUMER GOODS, BANKING INCHED HIGHER WHILE METALS AND REALITY DECLINED.

THE MOST IMPORTANT FACTOR IN THE UPWARD RALLY IN THE LAST FEW SESSIONS OF TRADE WAS OF UTMOST CONCERN AS THERE IS NO CONVINCING PARTICIPATION FROM EITHER FII OR DII’S IN BUYING AREA WHERE MARKET HAVE RALLIED. THIS IMPLIES THAT THERE IS NO INTREST ON THE BUYING SIDE. WE HAVE CLEARLY INDICATED THAT THE MARKET ARE ON THE RETRACEMENT ZONE WHICH MAY TAKE NIFTY TO 5165 LEVLES TO THE MAXIMUM AND ONE IS ADVISED FROM THE PAST FEW DAYS THAT ONE SHOULD REMAIN VERY CAUTIOUS AND CLEARLY STATED TO STAY SHORT TILL 5165 AND ABOVE THAT ONE CAN TAKE LONG POSITIONS, TODAY MARKETS MAY INCH LOWER AND LOWER, NIFTY IN SHORT TIME BREACH THE PREVIOUS LOWS AND WILL HEAD TOWARDS 4675 BEFORE THAT NIFTY WOULD TAKE SUPPORT AT 4950 LEVELS ONE HAS TO STAY SHORT BELOW 4950 WITH THE SAME LEVEL AS STOPLOSS TILL 4675 LEVELS AND WE MAY SEE SOME BUYING ON BARGAIN HUNT AT THIS LEVELS. ONE IS ADVISED TO START BUYING ONLY AT LEVELS INDICATED AS SUPPORTS AS NIFTY ON THE LONG TERM REMAINS VERY BULLISH.

ONE IS ADVISED TO CONCENTRATE ON ONGC, GSPL, COMMUNICATION STOCKS LIKE RCOM, IDEA AND BHARTI FOR BUYING AT LOWER LEVELS THESE ARE THE STOCKS WHERE ONE CAN LOOK FOR BARGAIN HUNTING THEY CAN MOVE FAST ON DECLINES INCLUDING SUGAR AND AUTO SPACE. ONE HAS TO JUST IGNORE STOCKS FROM BANKING SECTOR. ONE CAN TAKE RISKY BUY CALLS ON THE ABOVE COUNTERS. NIFTY LIKLEY TO COME DOWN BYAROUND 180 POINTS.

BANKING AND METALS MAY OUT PERFORM IN THE UNDER PERFORMERS ZONE FOR TODAY

SELL ICICI BANK SL 871 TGT 851/840/832
SELL TATA STEEL SL 485 TGT 478/470/461
SELL SESAGOA SL 374 TGT 362/354/340

INTRADAY TIPS FOR 04 JUNE 2010

GOOD MORNING!!!

MARKETS REGAINED STRENGTH FROM THE WORLD MARKETS AND EDGED HIGHER TRACKING THE STRONG CUES FROM THE WORLD WIDE EQUITES. THERE WAS HUGE AND FRESH BUYING CROPPED IN AND WE HAVE WITNESSED A FRESH BUYING IN COUNTERS LIKE TELECOM AND OIL & GAS, THE OUTSTANDING GROWTH IN THE SERVICES SECTOR FOR THE MONTH OF MAY HAS LIFTED THE SENTIMENT OF THE INVESTORS IN THE TRADE. MARKETS IN THE INTIAL TRADE MADE A GAP UP OPENING AND SUSTAINED IT FOR THE ENTIRE DAY WITHOUT ANY KIND OF REVERSAL, MARKET HAS INCHED UP SLOW AND STEADILY NEGATING ALL THE NEGATIVES IN THE MARKET AND TAKING IT TO A BETTER AND COMFORTABLE ZONE.

TODAY MARKETS WOULD BE NARROWLY RANGE BOUND. IF NIFTY TRADES ABOVE 5110 ONE CAN SEE NIFTY TO MOVE UPTO 5165 LEVLES AND ONE IS ADVISED TO STAY OUT OF NIFTY IF IT CLOSES IN AND AROUND 5165, BUT IF NIFTY CLOSES ABOVE 5165 WITH CONVINCING BUYS IN THE MARKETS THEN ONE IS ADVISED TO STAY INVESTED AS WE MAY HEAD TOWARDS MUCH HIGHER ZONES SURPASSING ALL THE PREVIOUS HIGHS OF THE YEAR. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5060 LEVELS THEN MARKETS LIKELY TO NOSE DIVE TO 5017 LEVELS AND BREAK BELOW THIS LEVEL WOULD TAKE IT 4980 AND ANY CLOSE BELOW 5000 AGAIN IS NEGATIVE FOR THE MARKETS IN A SHORT RUN.

BUY TECHM SL 710 TGT 728/737/750
BUY RPOWER SL 160 TGT 165/168/173
BUY YESBANK SL 294 TGT 300/304/307
BUY UNIONBANK SL 313 TGT 319/235/332
BUY HAVELLS SL 630 TGT 650/662/676
BUY BANKBARODA SL 735 TGT 746/755/763

INTRADAY TIPS FOR 03 JUNE 2010

GOOD MORNING!!!

AT THE LAST HALF HOUR OF TRADE BULLS STRUCK WITH VENGENCE AND GAVE A VERY GOOD COME BACK AFTER A WEAK CLOSING LAST TRADING DAY. INITIALLY IN THE START OF THE DAY MARKETS EDGED LOWER TRACKING BACK SUBDUED REGIONAL PEERS AND EDGED LITTLE LOWER AND TRADEDED IN A NARROW RANGE UNTIL THE EUROPEAN MARKETS GOT OPENED AND SOON AFTER THAT MARKETS NOSE DIVED 45 POINTS AND TRADED IN A NARROW BAND AND IN THE LAST HALF AN HOUR OF TRADE MARKETS BOUNCED BACK ON HEAVY BUYING IN ALL THE FRONT END COUNTERS. THE MOST IMPORTANT FACT IN THE RALLY WAS ON THE POSITIVE COMMENTS FROM THE HONBLE PRIME MINISTER MANMOHAN SINGH ON THE ECONOMY BOOSTED INVESTORS CONFIDENCE IN THE TRADE, THE PRIME MINISTER IN HIS COMMENTS ADDRESSED THAT THE INDIAN ECONOMY WAS LIKELY TO GROW AT A MUCH FASTER PACE THAN 8.5% IN THIS FINANCIAL YEAR.

TODAY MARKETS WOULD OPEN ON A POSITIVE NOTE AND MAY CONTINUE THE RALLY BUT 5165 LEVEL IS AGAIN A CONCERN IN RESPECT TO INVESTORS, ONE HAS TO WATCH OUT FOR THE LEVELS SPECIFIED BELOW. IF NIFTY TRADES ABOVE 5020 THEN LIKLEY TO MOVE UP TO 5065 LEVELS AND ANY BREAK ABOVE THIS POINT CONVINCINGLY WITH VOLUMES WOULD SURPASS 5100 AND SUSTAINING ABOVE 5100 WOULD TAKE NIFTY TO THE LEVELS EXPECTED I.E., 5165 LEVELS WHICH IS ONE OF THE VERY CRUCIAL LEVEL AT THIS STAGE FOR FURTHER UPSIDE OR DECLINE FROM THERE ON AS WE ARE IN THE RETRACEMENT PHASE IN DECLINING TREND SO EVERY POSSIBILITY OF NIFTY TO DECLINE AFTER REACHING 5165 LEVELS TO THE MAXIMUM BUT IF IT SUSTAINS ABOVE THAT AGAIN ONE HAS TO JUST GO WITH THE TREND THAN THINKING OF ANY DECLINE. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4980 ONE IS ADVISED TO STAY SHORT FOR A TARGET OF 4950 AND BREAK BELOW WOULD TAKE IT TO 4900 LEVELS. ANYTHING BELOW 4950 IS BETTER TO STAY AWAY FROM LONGS.

BUY RCOM SL 153.4 TGT 160/163.5/168 *
BUY GSPL SL 98 TGT 101/103/105*
BUY ONGC SL 1174 TGT 1197/1214/1223*
BUY HEROHONDA SL 1980 TGT 2011/2032/2065 *
BUY ENIL SL 223 TGT 230/236/241
BUY ONMOBILE SL 287 TGT 299/309/322
***NOTE: RECOS INDICATED WITH * ARE EVEN POSITIONAL CALLS FOR A VERY SHORT TERM ONE CAN HOLD FOR A VERY GOOD APPRECIATION.
POSITIONAL TRADES
BUY FOUR SOFT TGT 50%/100%/200%

INTRADAY TIPS FOR 02 JUNE 2010

GOOD MORNING!!!

INDICES ARE TOTTERED UNDER THE INTENSE SELLING PRESSURE INITIALLY TRACKING ASIAN MARKETS AND THEN EUROPEAN MARKETS ADDED FUEL TO THE FIRE IN THE SECOND HALF OF THE TRADING SESSION. INITIALLY THE DOWNFALL IN THE MARKET STARTED BY A MAJOR TRIGGER BY A FREAK TRADE IN RIL INSTEAD OF SELLING ICICI BANK AT RS 840.55 PER SHARE. EXCEPT FOR THE HEALTHCARE SECTOR ALL OTHER SECTORS WHERE IN RED, OVERALL HEALTH OF THE MARKET HAS BECOME NEGATIVE.

TODAY MARKETS ARE TO REMAIN FLAT AND RANGE BOUND, IF NIFTY TRADES BELOW 4930 THEN ONE CAN SEE NIFTY TO SLIDE DOWN TO 4900 AND THEN BREAK BELOW THIS LEVEL CAN TAKE IT TO 4865 LEVELS AND ANY CLOSE BELOW 4900 WILL BE HIT HARD BY BEARS IN THE MARKET. ON THE OTHER HAND IF NIFTY TRADES ABOVE 4980 THEN IT MAY GO UP TO 5000 AND THEN TO 5023 LEVELS AND ABOVE THAT MAY TAKE NIFTY 5050 BUT BE CAUTIOUS IN LONGS AS WE ARE NOW TRADING IN A WEAKER ZONE. ONE THING WHERE ONE EVERYONE NEEDS TO CONSIDER IS THE MAJOR TRIGGER IN THE MARKETS WOULD BE MANSOONS AND DISINVESTMENT SO ANY POSITIVE TRIGGER IN MANSOONS WOULD TAKE NIFTY TO A VERY BULLISH ZONE AND DISINVESTMENT WILL ALSO CONTRIBUTE TO IT AND MAY TAKE NIFTY TO FURTHER NEW HIGHS SO EVEN ON THE SHORTER SIDE STAY WITH CAUTION AS THERE IS EVERY CHANCE THAT MARKET CAN MOVE TO THE NEW HIGHS OF THE YEAR. STAY FOCUSED ON THE ISSUES STATED AND STAY SHORT FOR NOW AND FOLLOW THE LEVELS SPECIFIED ABOVE.

NO RECOS FOR THE DAY

INTRADAY TIPS FOR 01 JUNE 2010

GOOD MORNING!!!

WE HAVE WITNESSED QUITE A RANGE BOUND SESSION WHERE INDICES CLOSED ON POSITIVE NOTE LED BY SOME GOOD BUYING IN HEAVYWEIGHT COUNTERS. IT WAS ALL IN ALL DIRECTIONLESS MARKET FOR THE ENTIRE DAY AS GLOBAL AND LOCAL TRIGGERS WERE MISSING ON ACCOUNT OF CLOSING OF US MARKETS ON ACCOUNT OF MEMORIAL DAY. THOUGH FOURTH QUARTER GDP NUMBER WHICH REMIANED IN LINE WITH THE EXPECTATION AT 8.6% FAILED TO IMPACT THE BOURSES. THE FOURTH QUARTER GROSS DOMESTIC PRODUCT (GDP) NUMBER, WHICH REMAINED MORE OR LESS ON EXPECTED LINES AT 8.6%, FAILED TO FUEL ANY SIGNIFICANT UP-MOVE ON THE BOURSES BUT THERE WAS SOME PARTICIPATION AT THE END. POSITIVE DEVELOPMENTS ON THE SOUTH-WEST MONSOON ALSO LIFTED INVESTOR SENTIMENT IN TRADE. THE SOUTH-WEST MONSOON HAS FURTHER ADVANCED INTO MOST PARTS OF SOUTH ARABIAN SEA, ENTIRE KERALA, SOUTH TAMILNADU AND SOME MORE PARTS OF SOUTHWEST BAY OF BENGAL.

TODAY WE MAY WITNESS ANOTHER RANGE BOUND SESSION, ONE HAS TO BE VERY CAREFUL AT THE CURRENT LEVELS AS THE TREND REMAINS UNCLEAR AND MARKETS MAY MAXIMUM MOVE-UP TO 5165 LEVELS AND MAY SEE A DECLINE IF RESISTED AT THAT PLACE AND MAY COME DOWN TO NEW LOWS. IF NIFTY TRADES ABOVE 5070 THEN WE MAY LIKELY TO SEE NIFTY TO 5100 AND ABOVE THIS POINT WOULD TAKE NIFTY TO AROUND 5165 LEVELS AND ANY CLOSE ABOVE 5165 IS CONSIDERED TO BE SHORT TERM TREND REVERSAL WE MAY EVEN INITIATE FRESH LONGS AT THAT STAGE IF IT CLOSES CONVINCINGLY. ON THE OTHER SIDE IF NFITY TRADES BELOW 5045 THEN LIKELY TO DIP DOWN TO 5018 AND ANY BREAK BELOW MAY HAVE A MINOR SUPPORT AT 5000 AND BREACH BELOW THIS LEVEL WITH GOOD VOLUMES THEN CAN SEE NIFTY TO SLIDE DOWN TO 4950 LEVELS CLOSE BELOW 4970 WOULD MAKE BEARS TO CAPTIVATE THE MARKET SLOWLY.

POSITIVE COUNTERS: CROMPTON GREAVES, STC INDIA, GSPL, BOMBAY DEYING, ESSAR OIL, NMDC, IBREAL, IFCI, HIND COPPER, DREDGING CORP, KFA,

BUY RECLTD SL 286.4 TGT 295/299/304.5
BUY UNIPHOS SL 180 TGT 185/193/197
BUY ONGC SL 1164 TGT 1175/1192/1204 (SHORT TERM TGT 1275)
POSITIONAL TRADES
BUY JM FINANCIALS SL 30 TGT 50%/100%
BUY KFA TGT 50%/100%/200%