INTRADAY TIPS FOR 30 JULY 2010

GOOD MORNING !!!

MARKETS EDGED LOWER IN EARLY TRADE ON WEAK ASIAN STOCKS. MARKET WAS VERY VOLATILE MOVING BETWEEN POSITIVE AND NEGATIVE TERRAIN NEAR THE FLAT LINE EARLIER IN THE DAY AND SLIPPED TO RED FOR A BRIEF PERIOD IN LATE TRADE BUT LATER TOOK OFF TO FRESH INTRADAY HIGHS AT THE FAG END OF THE TRADING SESSION AS THE GLOBAL STOCKS ROSE, ALONG WITH LATEST DATA SHOWING REVIVAL IN MANSOON RAINS THIS MONTH AND EASING OF FOOD INFLATION SUPPORTED THE SENTIMENT AT THE END OF THE SESSION, THOUGH MARKET WAS POSITIVE OVER ALL MARKET BREADTH WAS NEGATIVE.

TODAY NIFTY WOULD TRADE LOWER IN THE OPENING, BUT LIKELY TO REMAIN IN A RANGE BOUND AND CONSOLIDATE AT THE CURRENT LEVEL TO GIVE ANY FURTHER BREAKOUT EITHER UPSIDE OR DOWNSIDE, WE EXPECT NIFTY TO MOVE UP TO 5700 BUT CORRECTION AT THE CURRENT LEVELS IS MUCH EXPECTED BEFORE GIVING ANY CORRECTION IT WOULD NOT BE A HEALTHY SIGN OF UP MOVE FROM HERE ON AS INVESTORS WOULD NEED TO BE VERY CAUTIOUS IF NIFTY DOESNT MAKE A COME BACK FROM THE CURRENT LEVELS BUT ANY BUYING SHOULD BE ENCOURAGED ONLY ABOVE 5450 LEVELS AND 5350 WOULD ACT AS A GOOD SUPPORT AND ANY SELLING IN THE MARKET IS MOST APPROPRIATE BELOW 5350 ON POSITIONALLY. ON THE INTRADAY FRONT IF NIFTY TRADES BELOW 5380 THEN LIKELY TO COME DOWN TO 5350 AND ANY BREAK BELOW THIS LEVEL WOULD DRAG FURTHER DOWN TO 5320 LEVLES AND ON THE UPSIDE IF NIFTY TRADES ABOVE 5411 THEN LIKELY TO MOVE UP TO 5450 LEVELS AND ANY BREAK ABOVE 5450 WOULD TAKE TOUGH RESISTANCE AROUND 5480 LEVELS ANY BREAK ABOVE 5480 WOULD TAKE NIFTY UPSIDE ON A FAST NOTE. STAY CAUTIOUS AT HIGHER LEVELS AND THERE ARE FEW DISAPPOINTING RESULTS ON THE BOARD SO STAY CAUTIOUS.

SELL SIEMENS SL 726 TGT 711/706/698
SELL DLF SL 313 TGT 307/304/301
SELL HEROHONDA SL 1881 TGT 1854/1825/1800
BUY INOX SL 70 TGT 75/78/80

INTRADAY TIPS FOR 29 JULY 2010

GOOD MORNING!!!

LATE TRADE AS PLAYED A SPOIL SPORT IN THE MARKETS, INDICES HIT FRESH INTRADAY LOWS IN THE LATE TRADE AS EUROPEAN STOCKS TUREND SOUR. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES FELL AFTER IT RESULTS AS KEY PRODUCTION IS LIKELY TO STAGNATE AT 60 MILLION STANDARD CUBIC METRES OF GAS A DAY FOR THE NEXT 9 TO 12 MONTHS. MARKET INITIALLY FLEW UP HIGH ON HIGHER ASIAN MARKETS BUT COULDNT MANAGE TO HOLD IT AND SLID DOWN BY MORE THAN 200 POINTS IN THE SECOND HALF OF THE DAY, DURING THE ENTIRE DAY MARKET WAS HOVERING AROUND A NARROW RANGE BUT LATER GAVE UP THERE WAS A VERY HIGH VOLATALITY ON ACCOUNT OF EXPIRY.

TODAY MARKETS WOULD OPEN NEGATIVE AND WILL HAVE A VERY VOLATILE SESSION AHEAD OF EXPIRY. IF NIFTY TRADES BELOW 5375 THEN LIKELY TO COME DOWN TO 5350 LEVLES AND ANY BREAK BELOW THIS LEVEL WOULD DRAG NIFTY TO FURTHER DOWNSIDE. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5390 THEN WE MAY SEE NIFTY TO MOVE UP TO 5411 AND ANY TRADE ABOVE THIS LEVEL WOULD TAKE NIFTY TO 5450 LEVELS. ONE HAS TO STAY VERY CAUTIOUS IN THE MARKET AT THE CURRENT SITUATION AND DONT TAKE ANY FRESH POSITIONS FOR CARRY OVER WAIT TILL THE NEXT CONTRACT STARTS WITH CAUTION. WE MAY SEE VERY STOCK SPECIFIC MOVE ON THE UPSIDE.

SELL WIPRO SL 414 TGT 405/401/398
SELL HINDPETRO SL 445 TGT 433/429/425
SELL RELIANCE SL 1023 TGT 1010/1005/1000
SELL TATA MOTORS SL 860 TGT 848/840/834

INTRADAY TIPS FOR 28 JULY 2010

GOOD MORNING!!!

MARKET HAVE FACTORED TO HE RATE HIKE OF RBI WHICH WAS WITHIN THE EXPECTATIONS OF THE MARKET ANALYSTS, AND THE FIRM EUROPEAN STOCKS AND HIGHER US INDEX FUTURES HAS HELPED THE MARKET SHRUG OFF A RATE HIKE FROM THE RESERVE BANK OF INDIA. MARKET BREADTH WAS NEGATIVE AUTO STOCKS WERE ON THE LIMELIGHT WERE SEEN RALLY ACROSS THE BOARD AND BAJAJ AUTO WAS THE TOP PERFORMER HITTING RECORD HIGH. BANKING EDGED HIGHER ON RBI POLICY IT GOT REBOUNDED FROM DAYS LOW. INITIALLY MARKET WAS IN A NARROW RANGE BOUND AHEAD OF RBI POLICY REVIEW BUT LATER TOOK OFF WITH THE POLICY BEING INLINE EXPECTATIONS FROM THE MARKET. ALL IN ALL THE MARKET TURNED POSITIVE TO THE EARLIER BREADTH OF THE DAY.

TODAY MARKETS WOULD BE RANGE BOUND AND WOULD SEE LOT OF VOLATILITY IN THE MARKET WITH THE EXPIRY BEING VERY NEAR. ONE CAN SEE LOT OF VOLATILITY ON THE ROLL OVER OF POSITIONS FROM THE CURRENT MONTH TO THE NEXT MONTH CONTRACT. IF NIFTY TRADES BELOW 5411 ONLY THEN ONE CAN THINK OF GOING SHORTS AND ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5460 WE CAN SEE SOME UPWARD MOVEMENT UNTIL THEN ITS PURELY NO TRADING ZONE.

NO RECOS FOR THE DAY

INTRADAY TIPS FOR 27 JULY 2010

GOOD MORNING!!!

A CAUTIOUS MOVE BY INVESTORS AHEAD OF CENTRAL BANKS QUARTERLY POLICY REVIEW TODAY MARKETS HAVE EXTENDED LOSSES IN THE LATE TRADING SESSION HITTING FRESH INTRADAY LOWS, PROFIT BOOKING TOOK PLACE AS THE FRONT END COUNTERS ARE ABOUT TO DECLARE THE RESULTS FOR THE QUARTER, COUNTERS LIKE LT, RELIANCE AND HINDUSTAN UNILEVER ALL THESE MAJORS ARE GOING TO DECLARE THEIR RESULTS TODAY AS A PRECUATIONARY MEASURE INVESTORS WERE INCLINED TOWARDS PROFIT TAKING AND THEIR BY LEADING TO DOWNFALL IN THE MARKETS, THERE WAS PROFIT BOOKING IN THE INTEREST RATE SENSITIVE REALITY STOCKS AND BACKING STOCKS BOTH THE SECTORS GAVE UP ON CENTRAL BANKS REVIEW. MARUTI AND HEROHONDA WERE THE BIGGEST LOOSERS IN THE MARKET. THE MARKET BREADTH INDICATING THE OVERALL HEALTH OF THE MARKET, WAS WEAK IN COMPARISION TO THE EARLY TRADE.

TODAY MARKET WOULD BE RANGE BOUND AHEAD OF MONETORY POLICY AND THERE WOULD BE WILD FLUTUATIONS IN THE MARKET, THERE WOULD BE LOT OF ACTIVITY IN STOCK SPECIFIC COUNTERS, WE MAY SEE RELIANCE, LT AND HUL WOULD HAVE GOOD ACTIVITY AHEAD OF RESULTS TODAY. INTEREST RATE SENSITIVE STOCKS MAY BE UNDER PRESSURE. AUTO’S, REALITY AND BANKING MAY BE WEAK ONE HAS TO CLOSELY WATCH OUT FOR THESE SECTORS. ON THE OTHER HAND ONE HAS TO SEE THAT ON COMPANIES WHICH ARE GOING OUT FOR NEW LICENSES IN BANKING MAY HAVE SOME IMPACT IN THE MONETORY POLICY REVIEW SO STOCKS LIKE RELINACE CAPITAL, INDIABULLS, TATA CAPITAL AND OTHERS MAY HAVE SOME MOVEMENT IF THERE IS ANY NEWS ON THE SAME. TODAY IF NIFTY TRADES ABOVE 5460 THEN LIKELY TO MAKE AN UPMOVE AS INDIATED YESTERDAY AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5411 THEN LIKELY TO NOSE DIVE TO 5375 AND ANY BREAK BELOW THIS LEVEL WOULD WEAKEN NIFTY FURTHER IN THE COMING DAYS AND WOULD SLIDE FURTHER.

NO INTRADAY TIPS

INTRADAY TIPS FOR 26 JULY 2010

GOOD MORNING!!!

INDICES INCHED HIGHER AT THE CLOSING OF THE TRADING SESSION THOUGH THERE WAS STRONG PROFIT TAKING AFTER MARKETS HAVE RALLIED TO 29 MONTH HIGH. THE MARKET BREADTH WEAKENED, REVERSING FROM A STRONG BREADTH EARLIER IN THE DAY. REALTY STOCKS SLIPPED ON RATE HIKE WORRIES. METAL STOCKS DECLINED IN VOLATILE TRADE. BUT, SUGAR STOCKS GAINED ON REPORTS THE GOVERNMENT WILL SOON DECONTROL SUGAR PRICES. AUTO, SOFTWARE AND BANKING STOCKS SAW MIXED TREND. STOCKS WERE VOLATILE AS TRADERS ROLLED OVER POSITIONS IN THE DERIVATIVES SEGMENT FROM JULY 2010 SERIES TO AUGUST 2010 SERIES AHEAD OF THE EXPIRY OF THE NEAR-MONTH JULY 2010 CONTRACTS NEXT THURSDAY, 29 JULY 2010.

TODAY MARKETS WOULD BE VOLATILE THOUGH INITIALLY MARKETS MAY TAKE A SURGE BUT PROFIT BOOKING WOULD CROP UP AT EVERY HIGHER LEVELS, THE STRONG RALLY IS BEING SUPPORTED BY FOREIGN FUNDS AND EVERY SELL OFF IS BEING TRIGGERED IN THE MARKET BY DOMESTIC PLAYERS, ONE IS ADVISED TO STAY CAUTIOUS AT HIGHER LEVELS AS MARKETS HAVE INCHED HIGHER AND AT STAGE WHERE IT REQUIRES SOME KIND OF CONSOLIDATION OR CORRECTION IN THE FORM OF RETRACEMENT AS OVERALL MARKETS STILL LOOK HEALTHY ON GLOBAL FRONT. IF NIFTY TRADES ABOVE 5460 THEN LIKELY TO MAKE AN UP MOVE TO 5490 LEVELS AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5428 LEVELS WOULD DRAG NIFTY DOWN TO 5411 AND BREAK BELOW THIS LEVEL WOULD FURTHER WEAKEN TO 5375 LEVELS. ONE HAS TO CLOSELY WATCH OUT FOR RBI RATE HIKE ON 27 JULY 2010.

NO RECOS FOR THE DAY

INTRADAY TIPS FOR 23 JULY 2010

GOOD MORNING!!!

MARKETS RALLIED IN THE LATTER PART OF THE TRADING SESSION TRACKING RALLY IN EUROPEAN AND US INDEX FUTURES, THE RALLY IN DOMESTIC BOURSES WAS EXTREEMLY STRONG AND GAVE A GOOD BREAKOUT IN THE INDICES AND CLOSED AT THEIR HIGHEST LEVELS IN THE LAST TWO AND HALF YEARS. MARKETS HAVE SEEN PULL BACK TRACKING, RECOVERY IN MANSOON RAINS FROM A DEFICIT OF 24% TO 17% FROM LAST WEEK, DECENT CORPORATE EARNINGS, HEADLINE INFLATION ROSE LOWER-THAN-EXPECTED T0 10.55% AND THE BIGGEST FACTOR ALL IN ALL IS SUSTAINED, CONTINUAL AND HEAVY BUYING FROM FOREIGN FUNDS, THIS HAS NOT ONLY TRIGGERED THE MARKETS BUT ALSO KINDLED THE LIGHTS OF INVESTORS TO POUR IN FUNDS IN THE EQUITY MARKETS, MARKETS HAVE BROKEN OUT PSYCHOLOGICAL LEVELS THERE BY INVITING PEOPLE TO GO AHEAD TO INVEST. EXCEPT FOR THE IT INDEX ALL THE OTHER SECTORAL COUNTER PARTS CLOSED IN POSITIVE TERITORRY.

TODAY MARKETS TO OPEN POSITIVE AND FIRM, MARKET TO RALLY FURTHER UPSIDE FROM HERE ON BUT ONE HAS TO BE VERY CAUTIOUS AT HIGHER LEVELS. NSE’S VOLATALITY INDEX INDIA VIX, WHICH IS GAUGE OF TRADERS PERCEPTION OF NEAR TERM RISKS IN THE MARKET BASED ON OPTIONS PRICES, DECLINED FOR THE THIRD DAY IN A ROW, WHICH IS A CAUSE OF CONCERN. VOLATILITY IS EXPECTED TO RISE OVER THE NEXT FEW DAYS AS TRADERS WOULD ROLLOVER THEIR POSITIONS IN DERIVATES SEGMENT FROM THE NEAR MONTH CONTRACT TO THE NEXT MONTH SERIES. TODAY IF NIFTY TRADES ABOVE 5450 THEN LIKELY TO MAKE AN UPMOVE TO 5487 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5518 LEVELS AND ONE HAS TO BE VERY CAUTIOUS ON THE UPSIDE THOUGH NIFTY LIKELY TO MAKE AN UPMOVE TO 5560 LEVELS ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5438 THEN LIKELY TO SLIP DOWN TO 5411 LEVELS AND BELOW THIS WE CAN EXPECT NIFTY TO COME DOWN TO 5380 LEVELS AND ANY BREAK BELOW 5400 IS CONSIDERED TO BE LITTLE RISKY AND ONE HAS TO BE LITTLE CAUTIOUS ON THOSE LEVELS. ALL IN ALL MARKETS MAY SHOW A GOOD SUPPORT AROUND 5400 LEVELS AND RESISTANCE AROUND 5500 LEVELS.

BUY V GUARD INDS SL 116 TGT 119/121/123
BUY TATAMOTORS SL 835 TGT 845/850/859
BUY PTC SL 114 TGT 117/118.6/119.85 (SHORT TERM 128)
BUY BIOCON SL 330 TGT 334/337/340
BUY UBHOLDINGS SL 271 TGT 286/297/302 (MEDIUM TERM 380)
BUY CAIRN SL 322 TGT 327/333/336
BUY ADANIENT FUTURES SL 530 TGT 620

POSITIONAL TRADES
BUY CORE PROJECTS TGT 350
BUY DEEPAKFERT TGT 210

INTRADAY TIPS FOR 22 JULY 2010

GOOD MORNING!!!

LAST DAY MARKETS WERE POSITIVE AND REMAINED POSITIVE THOUGH THERE WAS SOME DECLINE IN THE MID AFTERNOON TRADE. ALL IN ALL MARKET BREADTH REMAINED POSITIVE.

TODAY MARKETS WOULD OPEN FLAT TO NEGATIVE AND WOULD TRADE IN RANGE BOUND. IF NIFTY TRADES BELOW 5385 THEN LIKELY TO COME DOWN TO 5350 LEVELS AND ANY BREAK BELOW 5350 IS CONSIDERED TO BE WEAK AND WOULD TRAVEL TO 5320 LEVELS AND ANY CLOSE BELOW 5350 ONE CAN EXIT SOME OF THEIR LONG POSITIONS AND WAIT. ON THE OTHER SIDE IF NIFTY TRADE ABOVE 5410 ONLY THEN ONE IS ADVISED TO TAKE LONGS FOR A TARGET OF 5450 AND ANY BREAK ABOVE 5450 ONE CAN SEE MARKETS TO FLY ANOTHER 100 POINTS IMMEDIATELY IN A VERY SHORT TIME.

BUY HAVELLS SL 671 TGT 683/689/700
BUY ADSL SL 242 TGT 247/251/254
BUY CORP BANK SL 572 TGT 584/592/600 (MEDIUM TERM 650/700)
BUY SKF INDIA SL 532 TGT 543/549/558
BUY TATAMTRDVR SL 566 TGT 577/582/588

INTRADAY TIPS FOR 21 JULY 2010

GOOD MORNING!!!

INDICES LOST ITS STRENGTH RIGHT FROM THE OPENING OF THE MARKETS, IT OPENED FIRM TRACKING ASIAN MARKETS BUT COULD NOT SUSTAIN THE OPENING GAINS IT SLOWLY STARTED DECLINING FROM THE OPENING HIGHS AND LOST COMPLETE CONTROL WHEN US AND EUROPEAN STOCKS STARTED FALLING IN THE MID AFTERNOON, INDICES TUMBLED QUITE FAST AND DRAGGED DOWN TO NEW INTRADAY LOWS AND MARKETS CLOSED IN LOWS OF THE DAY. AUTO AND BANKING STOCKS REVERSED ALL THE INITIAL GAINS, HEALTHCARE STOCKS ALSO ADDED FUEL TO THE DECLINE BUT REALITY IS THE SECTOR WHICH HELD ITS GAINS TILL THE END OF THE SESSION. MARKET BREADTH AT THE END TURNED NEGATIVE.

TODAY MARKETS WOULD REMAIN IN RANGE BOUND, NIFTY LIKELY TO REMAIN UNDER TREMENDOUS PRESSURE AT HIGHER LEVELS AND 5450 REMAINS STIFF RESISTANCE FOR ANY UP MOVE FROM HERE ON EVERY RISE MAY WELCOME SELLING PRESSURE AND ANY MOVE ABOVE 5450 WOULD TAKE NIFTY 100 POINTS UPSIDE FROM THERE ON. TODAY IF NIFTY TRADES ABOVE 5400 ONE CAN SEE IT TO GO UP TO 5420 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5450 LEVELS AND ANY CLOSE ABOVE 5450 ONE IS ADVISED TO EXIT SHORTS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5350 LIKELY TO DIP DOWN TO 5320 AND BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5304 AND ANY CLOSE BELOW 5300 IS CONSIDERED TO BE WEAK AND WOULD DRAG NIFTY DOWN FURTHER. WE MAY SEE VERY STOCK SPECIFIC MOVES IN THE MARKET AHEAD OF Q1 RESULTS. STRICTLY FOLLOW THE LEVELS SPECIFIED.

BUY DLF SL 318 TGT 322/324/235.75
BUY AUTOLINE IND SL 154 TGT 163/169/177
BUY JYOTISTRUC SL 165 TGT 170/172/173.5 (POSITIONAL TGT 195)
BUY NILKAMAL SL 309 TGT 313/317/320

POSITIONAL TRADES
BUY AMTEKAUTO CMP 194.40 TGT 230
BUY PHILIPCARB CMP 210.20 TGT 250
BUY TATAMTRDVR CMP 565.15 TGT 675/725*

INTRADAY TIPS FOR 20 JULY 2010

GOOD MORNING!!!

MARKETS LAST DAY TRADED IN A NARROW RANGE BAND AND LATER IN CLOSING SESSION SLIPPED INTO RED TRACKING ALL THE ASIAN COUNTER PARTS. MARKET INITIALLY OPENED NEGATIVE AND TOOK OFF FROM LOWS TO HIT 5400 MARK TRACKING CHINESE MARKETS AND US INDEX FUTURES AS BOTH OF THEM EDGED HIGHER BUT COULDN’T SUSTAIN IT MUCH LONGER AND SLIPPED INTO RED AGAIN IN THE LATE TRADE. STOCKS FROM SECTORS LIKE REALITY, FMCG, HEALTHCARE AND CONSUMER DURABLE FELL WHILE CAPITAL GOODS STOCKS ROSE. ALL-IN-ALL OUR MARKETS WERE ABLE TO DIGEST THE FALL OF US MARKETS AFTER US CONSUMER CONFIDENCE WEAKENED AND CORPORATE RESULTS FELL SHORT OF EXPECTATIONS. THE MARKET BREADTH, INDICATING THE STRENGTH OF THE BROADER MARKET WAS POSITIVE.

TODAY MARKET LOOKS FLAT AND RANGE BOUND, IF NIFTY TRADES ABOVE 5410 THEN LIKELY TO MAKE AN UP MOVE TO 5450 LEVELS AND ANY BREAK ABOVE 5450 WOULD TAKE NIFTY TO 5560 IN A VERY SHORT TIME. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5370 THEN LIKELY TO MAKE A DOWN MOVE TO 5340 LEVELS AND ANY CLOSE BELOW 5340 IS CONSIDERED TO BE WEAK. MARKETS WOULD BE VERY VOLATILE IN THE DAYS AHEAD AS WE ARE IN A CONSOLIDATION PHASE AND MARKETS WOULD TRY TO BREAK ANY OF THE LEVELS EITHER UPSIDE OR DOWNSIDE. WE MAY SEE STOCK SPECIFIC MOVES AHEAD ON RESULT FRONT, MIDCAPS STILL LOOK PROSPECTIVE. ONE SHOULD TAKE POSITIONS VERY PRECISELY.

BUY COREPROTEC SL 264 TGT 267/270/272
BUY MCDOWELL-N SL 1395 TGT 1421/1432/1447
BUY ZYLOG SL 525 TGT 536/547/555
BUY GSPL SL 104 TGT 105.8/107.65/108.65
BUY SRF SL 253 TGT 259/264/268

POSITIONAL TRADES
BUY CAPRIHANS (I) CMP 90.7 TGT 125

INTRADAY TIPS FOR 19 JULY 2010

GOOD MORNING!!!

MARKETS TOOK OFF TO FRESH INTRADAY HIGHS AT THE FAG END OF THE TRADING SESSION TRACKING EUROPEAN AND US INDEX FUTURES. MARKETS HAVE RALLIED ON SUSTAINED BUYING BY FOREIGN FUNDS AND FURTHER MORE SEBI’S DECISION TO ALLOW PHYSICAL SETTLEMENT OF STOCK DERIVATES. WITH Q1 RESULTS THE TRADING WAS VERY STOCK SPECIFIC. MARKETS WERE VOLATILE ALL THROUGH THE DAY IT RANGED IN A NARROW RANGE UNTIL IT GAVE A BREAKOUT IN THE MID AFTERNOON TRADE. FOREIGN FUNDS HAVE BOUGHT WORTH 4388.62 CRORES WHILE DOMESTIC FUNDS HAVE SOLD SHARES WORTH 2076.98 CRORES THIS MONTH SO FAR TILL 15 JULY 2010. ALL IN ALL MARKETS WERE POSITIVE AND BREADTH OF THE MARKET INDICATED POSITIVENESS IN THE MARKETS. ONE NEEDS TO BE VERY CAUTIOUS AT THE CURRENT LEVELS.

TODAY MARKETS WOULD OPEN NEGATIVE TRACKING FRIDAYS FALL IN US INDICES AND WEAK OPENING IN ASIAN STOCKS. IF NIFTY TRADES BELOW 5375 THEN LIKELY TO DIP DOWN TO 5357 AND TRADE BELOW THIS POINT WOULD DRAG NIFTY TO 5340 LEVELS AND ANY CLOSE BELOW 5347 WOULD BE CONSIDERED TO BE WEAK CLOSING. ON THE POSITIVE SIDE IF NFITY TRADES ABOVE 5400 THEN LIKELY TO MAKE IT TO 5420 LEVELS AND ANY TRADE ABOVE 5420 WOULD PULL NIFTY TO 5450 LEVELS WHICH IS REMOTE FOR TODAY. ONE CAN WATCH OUT FOR FERTILIZER STOCKS AND CEMENT STOCKS ON DECLINE.

BUY EVERONN SL 588 TGT 622/647/670

BUY IDFC AROUND 193 LEVELS WITH SL 191 TGT 196/198/199 (BUY ON DECLINES)
BUY TATAMOTORS SL 822 TGT 839/851/857 (BUY ON DECLINES)
BUY YESBANK SL 295 TGT 303/309/312 (BUY ON DECLINES)
BUY CROMPTON GREAVES SL 268 TGT 275/279/282 (BUY ON DECLINES)
BUY PFC SL 319.9 TGT 330/337/341 (BUY ON DECLINES)
NOTE: BUY IF ANY OF THE RECOMMENDATIONS ARE NEAR TO STOPLOSS IN THE OPENING LIKELY TO GO UP
POSITIONAL TRADES
BUY GRAUER & WEIL (INDIA) LTD TGT 110/150

INTRADAY TIPS FOR 16 JULY 2010

GOOD MORNING!!!

KEY INDICES ENDED IN A LOOSING STREAK IN A VERY VOLATILE TRADE TRACKING EUROPEAN STOCKS. MARKETS WERE TRADING WEAK RIGHT FROM THE MORNING TRACKING ASIAN STOCKS AND LATER WITH EUROPEAN STOCKS, MARKET BREADTH TURNED FURTHER MORE NEGATIVE WHEN REPORTS SAID THAT RAINS WERE 24% BELOW NORMAL IN THE WEEK TO 14 JULY 2010 THIS HAS WEIGHED ON THE SENTIMENTS OF INVESTORS. MARKET BREADTH TURNED NEGATIVE IN CONTRAST TO A STRONG BREADTH EARLIER IN THE DAY. FMCG AND IT STOCKS ROSE WHILE CAPITAL GOODS AND REALITY STOCKS FELL. THOUGH MARKETS OPENED POSITIVE SOON TURNED NEGATIVE AND IN THE LATER PART OF THE DAY THE RECOVERY CROPPED IN AT A GOOD PACE BUT THE RECOVERY PROVED TO BE SHORT LIVED AND AGAIN MARKETS PAIRED GAINS.

TODAY MARKETS LOOKS VERY VOLATILE AND RANGE BOUND. IF NIFTY TRADES BELOW 5375 THEN LIKLEY TO COME DOWN TO 5360 LEVELS AND BREACH BELOW THIS POINT WOULD HALT AT 5340 LEVELS AND ANY TRADE BELOW THIS POINT WILL DRAG NIFTY TO 5300 LEVELS AND CLOSE BELOW 5365 IS SHORT TERM NEGATIVE FOR THE MARKET AND ONE CAN TAKE SHORT POSITIONS BELOW 5365 ON CLOSING BASIS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5420 ONLY THEN ONE IS ADVISED TO SEE LONG POSITIONS. IF NIFTY TRADES 5420 THEN LIKELY TO MAKE AN UPMOVE TO 5450 LEVLES AND ANY CLOSE ABOVE 5400 IS CONSIDERED TO BE STRONG.

BUY THOMAS COOK SL 66 TGT 67.5/68.25/69 (MEDIUM TERM 80)
BUY CROMPTON GREAVES SL 260 TGT 265/267/270
BUY SKUMARS SL 79 TGT 82/84/85.80
BUY LICHSGFIN SL 1068 TGT 1097/1127/1141
BUY TWILIGHT LITAKA PHARMA SL 180 TGT 190/197/206
BUY PUNJABCHEM SL 156 TGT 162/166/172

NOTE: BUY STOCKS ONLY WHEN THEY ARE ABOVE THEIR CLOSING PRICES AND ONE CAN RE-ENTER IF STOCKS TRADES ABOVE THEIR CLOSING PRICES AFTER HITTING STOPLOSS BUT MAINTAIN THE SAME STOPLOSS STRICTLY.

INTRADAY TIPS FOR 15 JULY 2010

GOOD MORNING!!!

THE KEY BENCHMARK INDICES REVERSED INITIAL STRONG GAINS IN LATE TRADE AFTER A SHARP SURGE IN INFLATION AND PROFIT TAKING TRIGGERED ON THE NOTE OF INDICES SCALING TO NEW HIGHS OF ALMOST 29 MONTHS ADDING FIRE TO THE FUEL WAS DECLINE IN EUROPEAN STOCKS AND US INDEX FUTURES. MARKET TRADED IN A NARROW RANGE BAND UNTIL IT GAVE AWAY ITS INTRADAY GAINS. OVERALL MARKETS BREADTH TURNED NEGATIVE IN CONTRAST TO THE POSITIVE BREADTH EARLIER IN THE DAY.

TODAY MARKETS LOOK VOLATILE, IF NIFTY TRADES BELOW 5375 THEN ONE CAN SEE NIFTY TO SLIDE DOWN TO 5340 LEVELS AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY TO 5305 LEVELS AND ANY FURTHER BREACH BELOW 5300 WOULD TAKE NIFTY TO 5240 LEVELS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5420 THEN LIKELY TO MAKE AN UPMOVE TO 5450 LEVELS BUT ONE HAS TO STAY CAUTIOUS AT HIGHER LEVELS AS THERE ARE FEW WORRIES CROPPING UP IN THE MARKET THEY ARE
(a) INFLATION
(b) RBI MEET ON RATE HIKE
(c) RESULTS
(d) PROFIT TAKING AT HIGHER LEVELS.
BUT ONE IS CAUTIONED THAT IF NIFTY TRADES ABOVE 5460 THEN LIKELY TO MOVE UP TO 5560 WITHOUT ANY HURDLE SO AVOID SHORTING ABOVE 5400 AND BELOW 5400 ONE CAN TAKE CHANCE IN ORDER TO CATCH THE NIFTY AT PEAKS.

BUY TATA COMMUNICATIONS SL 288 TGT 292/296/299
BUY IRB SL 270 TGT 273.5/276.75/278.7
BUY SINTEX SL 340 TGT 346/350/356
BUY LT SL 1789 TGT 1895/1904/1914
BUY GITANJALI SL 152 TGT 160/168/172 (MEDIUM TERM 225)
BUY PATNI SL 525 TGT 533/540/546
BUY UTVSOF SL 424 TGT 436/444/455

POSITIONAL TRADES
BUY WALCHANNAG TGT 260/285

INTRADAY TIPS FOR 14 JULY 2010

GOOD MORNING!!!

INDICIES YET AGAIN EXTENDED THEIR GAINS TO HIT FRESH HIGHS IN LATE TRADE AS EUROPEAN STOCKS AND US INDEX FUTURES SURGED IN THE MID AFTERNOON. NIFTY HAS BREACHED THE 29 MONTH HIGH MARK REALITY WAS THE TOP PERFORMER OF THE DAY, REALITY TOOK OFF IN THE MARKETS ON SPECULATION THAT GOVERNMENT WILL ANNOUNCE A HIKE IN FOREIGN DIRECT INVESTMENT IN REAL ESTATE SECTOR. WE HAVE WITNESSED HIGH VOLATALITY IN THE MARKETS MARKETS SLIPPED INTO RED AND RECOVERED FROM IN THE LATER PART OF THE DAY HITTING FRESH HIGHS OF THE YEAR.

TODAY, MARKETS WOULD TRADE POSITIVE,. IF NIFTY TRADES ABOVE 5420 THEN LIKELY TO MAKE AN UPMOVE TO 5454 LEVELS AND RESIST AT HIGHER LEVELS ONCE IT BREACHES 5460 LEVELS THEN WOULD TAKE NIFTY TO 5660 LEVELS IN A VERY SHORT TIME FRAME. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5400 THEN LIKELY TO COME DOWN TO 5360 LEVELS AND BREAK BELOW THIS WOULD DRAG NIFTY TO 5340 LEVELS.

BUY IDFC SL 188 TGT 192/194/197
BUY IBREALEST SL 172 TGT 174/177/179.9
BUY JETAIRWAYS SL 634 TGT 653/674/685
BUY AMARAJABAT SL 192 TGT 197/201/204.8
BUY BASF SL 457 TGT 477/491/511
BUY PFC SL 314 TGT 319/323/329

POSITIONAL TRADES

BUY KFA TGT 70

BUY SINTEX TGT 350/400
BUY CORE PROJECTS TGT 310

INTRADAY TIPS FOR 13 JULY 2010

GOOD MORNING!!!

INDICES SURGED TO A NEW HIGHS WITH NIFTY SCALING TO A 29 MONTH HIGH JUST BEFORE THE INDUSTRIAL PRODUCTION DATA. THE RALLY WAS SUPPORTED MAJORILY BY REALITY AND IT. THE INDUSTRIAL PRODUCTION IN THE MONTH OF MAY 2010 ROSE AT A MUCH SLOWER THAN EXPECTED PACE. EXPECTATION OF ANOTHER 25 BASIS POINTS HIKE IN THE KEY INTEREST RATES BY THE CENTRAL BACK AT A POLICY REVIEW LATER THIS MONTH TO CONTROL INFLATIONARY EXPECTATIONS WOULD ALSO PAVE A WAY FOR CONSOLIDATION FOR TIME BEING.

TODAY MARKETS WOULD BE IN A RANGE BOUND. MARKET MAY BE VOLATILE STAY CAUTIOUS, ALL EYES ON INFOSYS RESULTS FOR TODAY. IF NIFTY TRADES ABOVE 5400 ONE IS ADVISED TO GO LONG WITH A TARGET OF 5440 AND BREAK ABOVE 5450 LIKELY TO MAKE AN UPMOVE TO 5500 LEVELS AND ON THE DOWN SIDE IF NIFTY TRADES BELOW 5365 THEN ONE CAN SEE NIFTY TO SLIDE DOWN TO 5340 LEVELS AND BREAK AND TRADES BELOW THIS LEVEL WOULD DRAG NIFTY TO 5320 LEVELS.

BUY CAIRN SL 310 TGT 315/319/321
BUY EDUCOMP SL 575 TGT 588/597/612
BUY ROLTA SL 183 TGT 186/189/191
BUY JETAIRWAYS SL 594 TGT 612/623/638
BUY MPHASIS SL 634 TGT 647/653/664

POSITIONAL TRADES
BUY BHARATFORG TGT 410
BUY NAGREEKA CAP AND INFR TGT 60

INTRADAY TIPS FOR 12 JULY 2010

GOOD MORNING!!!

MARKETS HAVE OPENED FIRM TRACKING ON ASIAN STOCKS AND DOW FUTURES. MARKETS HAVE EXTENDED THEIR GAINS TO HIT FRESH INTRADAY HIGHS TRACKING EXTENDED GAINS BY ASIAN INDICES, MARKET CONTINUED ITS UPWARD RALLY TILL MID AFTERNOON BUT LATER GAVE AWAY SOME OF ITS GAINS AS RELIANCE CAME OFF THE HIGHER LEVELS. ALL IN ALL MARKETS WERE VERY BULLISH AND SHOWS A SIGN STRONG UPMOVE, MARKETS HAVE GONE UP FOR THE STRAIGHT SECOND DAY ON THE FOLLOWING GROUNDS
(A) EXPECTATIONS OF STRONG QUARTER RESULTS
(B) REVISION IN INDIA’S GDP GROWTH FORECAST BY IMF
(C) DECISION TO CUT EXPOSURE MARGIN ON STOCK DERIVATIVES BY SEBI.
(D) POSITIVE ECONOMIC DATA, JOBLESS CLAIMS FALLING IN US ALSO BOOSTED THE SENTIMENT IN THE MARKETS
(E) FEW RETAILERS REPORTING SOLID SALES IN US
HAVE BOOSTED THE MARKET SENTIMENTS. ALL THE SECTORAL INDICES WERE ON GREEM EXCEPT FOR FMCG.

TODAY MARKE LOOKS POSITIVE BUT WOULD REMAIN IN RANGE BOUND. IF NIFTY TRADES ABOVE 5376 THEN LIKELY TO MOVE UP TO 5400 LEVELS AND ANY BREAK ABOVE 5400 WOULD TAKE NIFTY TO NEW HIGHS OF THE YEAR, NIFTY LIKELY TO MAKE AN UP MOVE TO 5500 LEVELS IN A VERY SHORT SPAN OF TIME. ANY CLOSING ABOVE 5400 LEVELS IS A FRESH ENTRY FOR BUYING. ON THE NEGATIVE SIDE IF NIFTY TRADES 5340 THEN LIKELY TO ROLL DOWN TO 5305 LEVELS AND ANY BREAK BELOW 5300 LEVELS WOULD TAKE NIFTY TO 5260 LEVELS BUT NIFTY THOUGH ROLLS DOWN ONE SHOULD NOT CONSIDER THE TREND TO BE REVERSAL AS NIFTY IS RIDING VERY BULLISH. AVOID SHORTING AT THIS POINT IN TIME ESPECIALLY IF IT CROSSES 5400 LEVELS ONE CAN TAKE CHANCE BEFORE 5400 LEVELS BUT SHOULD WIND UP THEIR SHORTS IF IT BREACHES 5400. WE MAY SEE SOME MOVEMENT TO CROP IN REALITY SPACE.

BUY ORIENTBANK SL 351 TGT 359/363/370*
BUY 20 MICRONS SL 43.4 TGT 45/48/50*
BUY SOUTHBANK SL 187 TGT 191/193.9/198.9
BUY MONNETISPA SL 494 TGT 511/524/540 (MEDIUM TERM 660)
BUY DLF SL 296 TGT 301/304/309
BUY BHARTIARTL SL 306 TGT 317/324/335
BUY INDIABULLS FINANCIAL SERVICE SL 160 TGT 165/169/173.4
BUY HDFCBANK SL 1999 TGT 2021/2036/2060

POSITIONAL TRADES
BUY ORCHIDCHEM TGT 215*
BUY DABUR TGT 254*
BUY MUDRA LIFESTYLE CMP 47.25 TGT 58/66
BUY PIRHEALTH TGT 700/850
BUY PERSISTENT TGT 550/640

INTRADAY TIPS FOR 09 JULY 2010

GOOD MORNING!!!

INDICES HAVE GIVEN UP SOME OF ITS GAINS IN THE LATER PART OF THE DAY AS US INDEX FUTURES WERE TRADING IN NEGATIVE ZONES AFTER A STRONG INTRADAY RALLY. THIS RALLY WAS BOOSTED TRACKING STRONG CLOSING OF US INDEX FUTURES ON THE PREVIOUS DAY ALONG WITH IT ALL THE OTHER ASIAN INDICES HAVE ADDED FUEL TO THE INDIAN MARKETS TO SURGE TO THE NEW HIGHS ON INTRADAY TERMS. MARKETS HELD FIRM TILL AFTERNOON BUT GAVE UP AFTER THE INFLATION ROSE TO NEW HIGHS AND EUROPEAN STOCKS TRADING SLIGHTLY NEGATIVE. OVERALL HEALTH OF THE MARKET REMAINED BULLISH.

TODAY MARKETS WOULD BE IN A NARROW RANGE BAND. IF NIFTY TRADES ABOVE 5320 THEN LIKELY TO MAKE AN UPMOVE TO 5350 AND THEN TO 5400 LEVELS BUT ONE IS ADVISED TO STAY CAUTIOUS AT HIGHER LEVELS UNTIL 5400 IS BREACHED, IF 5400 IS BREACHED IN NIFTY THEN IT’S A STRONG INDICATION THAT MARKETS WOULD TRAVEL MUCH HIGHER THAN ANTICIPATED AND WOULD TOUCH IN A VERY SHORT SPAN OF TIME 5500 AND THEN TO 5700 LEVELS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5300 THEN LIKLEY TO MAKE A NOSE DIVE TO 5240 LEVELS. ON IS ADVISED TO EXIT POSITIONS BELOW 5240 AND BELOW 5200 ONE IS ADVISED TO SHORT. OIL STOCKS LOOKING VERY BULLISH ALONG WITH IT IN THE NEAR TERM.

BUY HINDPETRO SL 475 TGT 483/490/495
BUY IBREALEST SL 158 TGT 161/163/165 (MEDIUM TERM 185)*
BUY BPCL SL 695 TGT 715/729/738
BUY GODREJIND SL 175 TGT 180/183/185
BUY JETAIRWAYS SL 557 TGT 570/575/587
BUY AMTEKAUTO SL 187 TGT 191.5/195.5/198

POSTIONAL TRADES
BUY MCLEODRUSS TGT 388

INTRADAY TIPS FOR 08 JULY 2010

GOOD MORNING!!!

INDICES EXTENDED LOSSES TO HIT FRESH LOWS IN LATE INTRADAY TRADE TRACKING WEAK GLOBAL CUES. MARKET MOVED IN A NARROW RANGE UNTIL THE MID AFTERNOON BUT IN THE LAST HOUR OF TRADE SHRUGGED OFF EVERYTHING WHICH WAS RECOVERED AND HAS NOSE DIVED FURTHER. INDEX HEAVY WEIGHTS RELIANCE SLUMPED ALONG WITH BANKING, AUTO, REALITY AND METALS. MARKET BREADTH INDICATING THE STRENGTH OF THE MARKET TURNED NEGATIVE WHEN COMPARED TO EARLIER DAY. MARKET CLOSED AT A VERY CRUCIAL ZONE ABOVE 5240 WHICH SHOWS THAT THE BREADTH OF THE MARKET STILL REMAINS POSITIVE ON A POSITIONAL FRONT.

TODAY IF NIFTY TRADES ABOVE 5275 THEN LIKLEY TO GAIN MOMENTUM AND HIT 5320 LEVELS AND ANY TRADE ABOVE 5350 WOULD TAKE NIFTY TO 5400 AND ANY CLOSE ABOVE 5300 IS CONSIDERED TO BE VERY BULLISH AND WE MAY HEAD TOWARDS BREACHING THE RECENT HIGHS OF THE YEAR. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5240 THEN LIKELY TO DIP DOWN TO 5200 AND BELOW THIS LEVEL IT WOULD BREACH DOWN TO 5165 LEVELS. ANY CLOSE BELOW 5200 IS CONSIDERED TO BE WEAK ONE CAN STAY INVESTED ABOVE 5240 AND EXIT POSITIONS BELOW 5240 AND SHORT BELOW 5200 LEVELS. THOUGH WE DON’T EXPECT MARKET TO SLIDE DOWN BELOW 5240 WE FORESEE MARKETS TO MOVE BEYOND YEAR HIGHS.

BUY IFCI SL 57.45 TGT 59/60/61
BUY EVERONN SL 504 TGT 529/547/556
BUY RELCAPITAL SL 759 TGT 767/778/783 (MEDIUM TERM 1000)
BUY INDIANB SL 237 TGT 242/247/251
BUY PANTALOONR SL 463 TGT 472/479/490
BUY SOBHA SL 306 TGT 312/317/321 (MEDIUM TERM 345)
BUY VIVIMED LAB SL 179 TGT 187/191/194
BUY SREI INFRA SL 82.4 TGT 85/86.7/87.6

POSITIONAL TRADES
BUY SHOPERSTOP SL 618 TGT 850/1050
BUY IND SWIFT LAB TGT 100/150/200

INTRADAY TIPS FOR 07 JULY 2010

GOOD MORNING!!!

INDICES AS EXPECTED OPENED NEGATIVE BUT REGAINED INTO POSITIVE TERRITORY SOON AFTER TRACKING ASIAN STOCKS RECOVERY AND CONTINUED THE RALLY TO HIT INTRADAY HIGHS AND SOON AFTER TRACKING EUROPEAN MARKETS MARKETS HAVE FURTHER STRENGTHENED AND HIT THE HIGHS OF THE DAY BUT COULD NOT HOLD THE GAINS AT THE END AS INDEX HEAVYWEIGHT RELIANCE INDUSTRIES GAVE AWAY ITS GAINS. SENTIMENT OF INVESTORS ALSO BOOSTED WITH THE REVIVAL OF MANSOON RAINS IN THE PAST FEW DAYS AFTER WEAK RAINS LAST MONTH, THE DEFICIENCY OF RAINFALL HAS ALSO NARROWED DOWN. OVERALL MARKET BREADTH WAS STRONG AND ALL THE SECTORAL INDICES WERE IN GREEN. AFTER MANSOONS THE NEXT MAJOR TRIGGER IN THE MARKET WOULD BE THE RESULTS WHICH WOULD START ITS INFLOW IN THE MARKET BY THE SECOND WEEK OF THIS MONTH, IT IS EXPECTED TO BE ROBUST SINCE THE ADVANCE TAX COLLECTIONS FOR THE QUARTER POINT TO STRONG GROWTH IN THE CORPORATE SECTOR PROFITS.

TODAY MARKETS WOULD OPEN FLAT AND RANGE BOUND, BUT STRENGTH REMAINS INTACT. IF NIFTY TRADES ABOVE 5300 THEN LIKLEY TO MAKE AN UPMOVE TO 5350 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKE TO PREVIOUS HIGHS OF THE YEAR. ON THE NEGATIVE SIDE IF NIFTY 5290 THEN LIKELY TO DIP DOWN TO 5260 AND BREAK BELOW THIS LEVEL WOULD TAKE SUPPORT AT 5240 AND ANY BREAK BELOW THIS POINT WOULD BE WEAK AND CAN DRAG NIFTY TO 5204 LEVELS.

BUY HINDOILEXP ABOVE 240 SL 237 TGT 244/250/254
BUY KTKBANK SL 180 TGT 184.5/187.8/190.5
BUY POLARIS SL 191 TGT 195/197/199
BUY BOMDYEING SL 509 TGT 522/531/538
BUY ROLTA SL 173 TGT 176/179/181.8

POSITIONAL TRADES
BUY BANKINDIA TGT 400/440/490
BUY SWARAJ MAZDA TGT 450/600

INTRADAY TIPS FOR 06 JULY 2010

GOOD MORNING!!!

INDICES HIT FRESH INTRADAY HIT LOWS IN THE LATE TRADE AS EUROPEAN STOCKS TURNED SOUR. BANKING STOCKS DIDN’T REALLY MIND THE UNEXPECTED RATE HIKE AS THE EXPECTATION WAS MUCH LESSER THAN WHAT WAS ANTICIPATED IN THE MONTH END. METALS, REALITY AND PSU’S WERE THE WORST HIT IN THE TRADE. THOUGH THE MARKET WAS NEGATIVE THERE WAS SOME BUYING WITNESSED IN SELECT MID CAPS AND SMALL CAPS THE VOLUMES WERE MUCH LOWER ON ACCOUNT OF BHARAT BHANDH. MARKET TRADED IN A TIGHT RANGE AND REMAINED NEGATIVE MOST OF THE DAY. MANSOONS RAINS HAVE REVIVED AFTER WEAK RAINS LAST MONTH, RAINS HAVE ADVANCED AND HAS FORECAST TO PROGRESS FURTHER. AND SHORTFALL HAS NARROWED AND WOULD BE BETTER IN THE COMING DAYS THIS WILL ENABLE THE MARKETS TO GROW MUCH HIGHER AND BREACH ALL THE BARRIERS OF THE MARKET IN THE DAYS AHEAD.

TODAY MARKETS WOULD OPEN NEGATIVE ON GLOBAL CUES AND THERE WOULD BE STOCK SPECIFIC MOVES IN THE MARKET. IF NIFTY TRADES ABOVE 5265 THEN WILL TAKE-OFF TO 5300 AND THERE AFTER ANY TRADE ABOVE THIS POINT WOULD TAKE IT TO 5350 LEVELS AND ANY CLOSING ABOVE 5300 IS A CALL FOR FRESH BUY. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5240 THEN LIKELY TO COME DOWN TO 5220 AND BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5206 AND ANY BREAK BELOW 5200 WOULD LIKELY TO PUT PRESSURE IN THE INDICES AND DRAG IT TO 5160 LEVELS AND ANY BREAK BELOW 5200 IS WEAK FOR THE MARKETS AND IS A CALL FOR SHORTING AND BELOW 5240 IS BETTER TO STAY AWAY ON THE CLOSING BASIS. AGRO SECTOR IS A GOOD BET FOR COMING DAYS

BUY EDSERV SL 215 TGT 226/235/242
BUY JUBL FOOD SL 330 TGT 340/349/356*
BUY FIEM INDS SL 173 TGT 184/194/200*
BUY HERITAGE FOODS 189 TGT 200/211/217*
BUY KARUR VYSYA BANK SL 577 TGT 601/625/638*
BUY INOX SL 63.5 TGT 66/67.5/68.6
BUY RCF SL 89 TGT 92/93.5/95

POSITIONAL TRADES
BUY POLARIS TGT 200/215
BUY BAJAJ AUTO FINANCE TGT 585/660
BUY BOMBAY DYEING TGT 775

INTRADAY TIPS FOR 05 JULY 2010

GOOD MORNING!!!

INDICES LOST ITS HOLD IN LATE TRADE TO HIT FRESH INTRADAY LOWS AS INVESTORS HAVE RESORTED TO PROFIT TAKING ON ACCOUNT OF WEEKEND. EARLIER IN THE DAY THE BREADTH OF THE MARKET WAS STRONG AND LATER GONE WEAK, BANKING, REALITY AND METAL STOCKS FELL. NOW THE NEXT TRIGGER IN THE MARKET WOULD BE THE MANSOONS, INVESTORS WOULD CLOSELY WATCH THE PROGRESS OF THE MANSOONS. THE MAJOR CONCERN IS THE MANSOON WAS 16% BELOW THE NORMAL IN JUNE 2010. THE HAS GONE WORST IN THE CENTRAL AND NORTH-WEST REGIONS OF THE COUNTRY WITH DEFICIENCIES OF 26% AND 18% RESPECTIVELY.
TODAY NIFTY MAY OPEN NEGATIVE ON ACCOUNT OF RBI’S NEW POLICY TOWARDS HIKE IN BASE RATES, BUT WOULD RECOVER AFTER INITIAL SLIDE AS THE RATE HIKE IS MUCH BELOW THE EXPECTATIONS OF THE MARKET. WE MAY SEE LOT OF ACTIVITY TO TAKE PLACE IN THE COUNTERS LIKE RNRL AND RPOWER WITH THE ONGOING ISSUE OF DEMERGER. TODAY IF NIFTY TRADES BELOW 5240 THEN LIKELY TO DIP DOWN TO 5206 LEVELS AND BREAK BELOW 5200 WOULD TAKE NIFTY TO 5167 LEVELS AND ANY CLOSE BELOW 5200 IS CONSIDERED TO BE WEAK CLOSING FOR THE MARKETS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5275 THEN LIKELY TO MAKE AN UPMOVE TO 5300 AND THEN TO 5350 LEVELS AND ANY CLOSE ABOVE 5300 IS CONSIDERED TO BE POSITIVE AND HEALTHLY SIGN FOR THE MARKETS AHEAD.

BUY RPOWER SL 175 TGT 178/182/185 (MEDIUM TERM 200/285)
BUY ENGINERSIN SL 357 TGT 373/389/400
BUY GNFC SL 111 TGT 118/121/125
BUY PERSISTENT SYSTEM LTD SL 471 TGT 492/512/527 (MEDIUM TERM 625)
BUY MONET ISPAT SL 462 TGT 488/512/527 (MEDIUM TERM 600)
BUY KFA SL 48 TGT 52/54/56
POSITIONAL TRADES
BUY IGL 335/450

INTRADAY TIPS FOR 02 JULY 2010

GOOD MORNING!!!

THE DOMESTIC EQUITY MARKETS REMAINED SLUGGISH FOR THE ENTIRE TRADES AS THE IMPACT OF THE BIG DIP IN THE WEEKLY FOOD PRICE INFLATION WAS OFFSET BY GAP-DOWN START FOR EUROPEAN SHARES. THE REGIONAL PEERS ALSO CONTINUED TO LANGUISH IN THE RED. INDICES WERE OSCILLATING IN A NARROW RANGE. THE ENTIRE SECTORAL INDICES WERE IN RED, THE BREADTH OF THE MARKET REMAINED NEGATIVE FOR THE ENTIRE DAY AND THERE WAS NO SPACE OF RECOVERY SEEN IN THE MARKETS.

TODAY WE MAY SEE MARKETS TO REMAIN FLAT AND RANGE BOUND, IF NIFTY TRADES BELOW 5240 THEN LIKELY TO COME DOWN TO 5200 AND BELOW THIS POINT NIFTY WOULD BECOME VERY WEAK AND ON IS ADVISED TO STAY INVESTED IF NIFTY IS CLOSING ABOVE 5200 MARK AND ANY CLOSE BELOW 5200 COULD BE DANGEROUS HOLDING LOT OF POSITIONS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5275 ONE CAN TAKE LONG POSITIONS FOR A TARGET OF 5300 AND ABOVE 5320 LIKELY TO MAKE AN UPMOVE TO 5350 LEVELS AND ANY CLOSE ABOVE 5300 IS CONSIDERED TO BE STRONG IN NIFTY POINT OF VIEW AND IF NIFTY CLOSES ABOVE 5240 IS ALSO A HEALTHY SIGN.

BUY RELIANCE MEDIA SL 222 TGT 238/243/247
BANKINDIA SL 355 TGT 363/367/370 (MEDIUM TERM 395)
BUY IFCI SL 55 TGT 58.5/59.4/60.6
MCSOUTHBANK SL 169 TGT 172/174/176 (MEDIUM TERM 184)

INTRADAY TIPS FOR 01 JULY 2010

GOOD MORNING!!!

RALLY IN THE SECOND HALF OF THE SESSION HELPED THE MARKETS TO RALLY AND CLOSE MARKETS IN A COMFORTABLE AND POSSITIVE ZONE. POSITIVE EUROPEAN MARKETS ALONG WITH US INDEX FUTURES BOOSTED THE SENTIMENTS OF INVESTORS. INDICES REVERSED MOST OF THEIR LOSSES OF THE LAST TRADE, BUYING HAS BEEN INTIATED IN ALL THE SECTORS WHICH HELPED THE MARKETS TO BOUNCE BACK. INITIALLY MARKETS RESENTED AN UPMOVE IN THE OPENING BUT WAS POSITIVE ENTIRE DAY AFTER A GAP DOWN OPEN AND CLOSED BULLISH TRACKING EUROPE AND US FUTURES.

TODAY MARKETS WOULD OPEN GAP DOWN TRACKING WEAK GLOBAL CUES. WE MAY SEE A VERY STOCK SPECIFIC MOVES IN THE MARKETS, TODAY IF NIFTY TRADES BELOW 5300 THEN LIKELY TO DIP DOWN TO 5255 AND ANY TRADE BELOW 5240 WOULD AGAIN DRAG NIFTY TO 5200 LEVELS, ANY CLOSE BELOW 5240 IS CONSIDERED TO BE WEAK. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5320 THEN LIKELY TO MAKE AN UP MOVE TO 5350 AND THEN TO 5400 ANY CLOSE ABOVE 5300 IS GOOD FOR THE MARKETS. WE MAY SEE POWER STOCKS TO GAIN MOMENTUM ALONG WITH PHARMA AND FERTILIZERS.

BUY HINDPETRO SL 464 TGT 480/496/513
BUY IDFC SL 178.5 TGT 183/187/189.8I
BUY DISH TV SL 46 TGT 49/50/51
BUY IOC SL 400 TGT 408/415/419
BUY ENIL SL 249 TGT 266/278/296
BUY ADVANTA SL 515 TGT 545/564/575
NOTE: BUY ONLY ABOVE THE CLOSING PRICE AND MAINTAIN STRICT STOPLOSS