INTRADAY TIPS FOR 31 AUGUST 2010

GOOD MORNING!!!

MARKETS WERE VERY VOLATILE DURING THE ENTIRE TRADING SESSION INITIALLY MARKETS OPENED HIGH TRACKING FRIDAYS STRONG CLOSE IN US & EUROPEAN MARKETS AND STRONG MONDAY OPENING IN ASIAN MARKETS. AFTER STRONG OPENING MARKETS STARTED SLOWLY GIVING AWAY ALMOST ALL THE GAINS AND SLOWLY REGAINED STRENGTH ON VERY LOW VOLUMES THERE AFTER IT AGAIN SLID DOWN BREAKING THE NEW LOWS OF THE DAY. MARKET ONCE AGAIN STARTED RECOVERY ON THE NEWS OF DIRECT TAX CODE. THE MARKET BREADTH WAS WEAK, IN CONTRAST WITH A STRONG BREADTH IN THE MORNING TRADE. IT WAS THE BIGGEST LOOSER SECTORAL WISE.

TODAY MARKETS WOULD OPEN WEAK TRACKING GLOBAL CUES. NIFTY LIKELY TO OPEN GAP DOWN OF AROUND 45 POINTS IF NIFTY TRADES BELOW 5360 THEN LIKELY TO MAKE A NOSE DIVE TO 5301 AND ANY BREAK BELOW THIS POINT WOULD DRAG NIFTY TO 5238 WHICH IS VERY CRUCIAL SUPPORT IN THE NEAR TERM. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5450 THEN LIKELY MAKE AN UPMOVE TO 5487 AND BREAK ABOVE THIS POINT WOULD TAKE TO 5500 AND ANY CLOSE ABOVE 5500 IS CONSIDERED TO BE VERY BULLISH. ONE IS ADVISED TO STAY AWAY FROM LONGS KEEP IN VIEW THE BEARISH TREND FOR THE PAST FOUR TRADING SESSIONS. WE MAY LIKELY TO RETRACE FURTHER MORE SO STAY ON SIDELINES AND GRAB THE OPPORTUNITY AFTER A SLIDE AT EVERY SUPPORT ONE CAN TAKE LONG POSITIONS AND EXIT IF THE SUPPORT IS BREACHED. DON’T INVEST MORE THAN 25 TO 40% OF THE CAPITAL IN THE CURRENT SITUATION.

BUY POWER GRID SL 107.4 TGT 110/111.5/112.7 (SHORT TERM 120)
BUY PEARL POLYMERS SL 27 TGT 28.85/30.6/31.75
OPTION: BUY ONGC 1300 CA AROUND 50 – 55 SL 1260 IN FUTURES

INTRADAY TIPS FOR 30 AUGUST 2010

GOOD MORNING!!!

MARKETS LOST ITS GROUND IN THE LATE AFTERNOON HITTING FRESH INTRADAY LOWS ON WORRIES OVER THE PACE OF THE US ECONOMIC RECOVERY. APPROVAL OF PROPOSED DIRECT TAX CODE BILL BY UNION CABINET HAS DIRECT IMPACT ON INFORMATION TECHNOLOGY AND INFRASTRUCTURE STOCKS. THOUGH THERE WAS SOME RECOVERY AT THE START OF THE DAY IN SECTORS LIKE REALITY, METALS AND CONSUMER DURABLES TRACKING ALL OF THESE SECTORS HAS REVERSED GAINS, BANKING STOCKS FELL ALONG WITH BANKING PSU STOCKS ALSO FEEL. MARKETS BREADTH WAS WEAK IN CONTRAST TO STRONG BREADTH IN THE MID-MORNING TRADE. EXCEPT FOR THE OIL AND GAS REST ALL THE INDICES IN THE MARKET WERE IN RED. ALL IN ALL INTRADAY VOLATILITY WAS IMMENSE.

THOUGH MARKETS CLOSED LOWER LOWS AND LOOKING VERY WEAK ON CLOSING. STRONG CLOSING OF US AND EUROPEAN MARKETS HAVE TRIGGERED ASIAN MARKETS AND WILL ALSO IGNITE INDIAN MARKETS AS WELL IN THE INTIAL TRADE. TODAY MARKETS WOULD OPEN POSITIVE AND TRADE IN A POSITIVE ZONE, AND PHASE SOME RESISTANCE AROUND 5444 LEVELS AND SURGE ABOVE THAT POINT WOULD TAKE NIFTY TO 5468 LEVELS THIS MAY ACT AS ANOTHER RESISTANCE ZONE. AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5400 THEN LIKELY TO DECLINE TO 5360 LEVELS AND ANY BREAK BELOW 5360 WOULD SLIDE DOWN TO 5324 LEVELS, ANY CLOSE BELOW 5400 IS ALSO CONSIDERED TO BE NEGATIVE. IT SECTOR AND INFRASTRUCTURE MAY SEE SOME DECLINE SO DON’T GO ON THE BUYING SIDE IN THE ABOVE TWO SECTORS. SUGARS LOOK ATTRACTIVE ON THE MEDIUM TERM HORIZON.

BUY ONGC SL 1298 TGT 1317/1330/1347
BUY FDC LTD SL 104 TGT 109/113/118
BUY MID DAY SL 37 TGT 38/39/40 (SHORT TERM 45)*
BUY NAHAR CAP SL 101 TGT 107/113/117*
BUY UNIPLY IND SL 16.20 TGT 16.75/17.1/17.35 (SHORT TERM 19.20)
POSITIONAL TRADES
BUY CUMMINS TGT 850/1100
BUY GOLD BEES TGT 1922/2040
SELL PATEL ENGG TGT 330/300
SELL ADITYA BIRLA NUVO TGT 700

INTRADAY TIPS FOR 27 AUGUST 2010

GOOD MORNING!!!

MARKET EDGED SLIGHTLY HIGHER AFTER TURNING NEGATIVE TO HIT FRESH INTRADAY LOWS IN THE LATE TRADE. VOLATALITY WAS IMMENSE AS THE TRADERS ROLLED OVER THEIR POSITIONS FROM THE AUGUST SERIES TO THE SEPTEMBER SERIES. BANKING, FMCG AND AUTO STOCKS ROSE ON EXPIRY NOTE. MARKETS MOVED IN A NARROW RANGE IN MID-MORNING TRADE. MARKETS OPENED HIGHER TRACKING THE POSITIVE GLOBAL CUES BUT COULDNT HOLD LONGER AND SLIPPED INTO NEGATIVE ZONE IN THE AFTERNOON AND CLOSED HIGHER.

TODAY NIFTY MAY OPEN SLIGHTLY POSITIVE BUT ONE IS ADVISED TO TAKE POSITIONS ONLY WHEN THE SPECIFIED LEVEL BREACH. IF NIFTY TRADES ABOVE 5488 THEN LIKELY TO MAKE AN UP MOVE TO 5518 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5540 WHICH WOULD ACT AS A KEY LEVEL. ANY BREAK ABOVE 5540 ONE CAN SEE NIFTY TO MOVE HIGH. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5460 THEN NIFTY LIKELY TO MAKE ITS MOVE TO 5434 LEVELS AND ANY BREAK BELOW THIS POINT WOULD TAKE NIFTY TO 5402 LEVELS ONE HAS TO STAY CAUTIOUS AT THIS STAGE. STOCK SPECIFIC MOVES EXPECTED IN THE MARKETS.

BUY ENIL SL 256 TGT 265/270/277
BUY JINDAL DRILLING SL 610 TGT 625/637/652 (SHORT TERM 700/780)
BUY ORCHID CHEMICALS SL 190 TGT 194.9/197/200
BUY CROMPTON GREAVES SL 304 TGT 312.4/316/324
BUY JAIN IRRIGATION SL 1265 TGT 1282/1296/1305

INTRADAY TIPS FOR 26 AUGUST 2010

GOOD MORNING!!!

INDICES EDGED LOWER IN A HIGHLY VOLATILE TRADING SESSION. VOLATILITY WAS AT ITS HIGH AS TRADERS ROLLED OVER THEIR POSITIONS IN DERIVATIVES SEGMENT FROM THE CURRENT MONTH TO THE NEXT MONTH. CONCERNS OVER THE PACE OF THE GLOBAL ECONOMIC RECOVERY CONTINUED TO HURT THE INVESTORS SENTIMENT, THE SLIDE IN GLOBAL MARKET ALSO PUT INVESTORS IN FEARS. ALL THE SECTORAL INDICES WERE IN RED. MARKET BREADTH WAS WEAK, METALS AND REALITY WERE THE WORST HIT, DECLINED FOR THE STRAIGHT SECOND DAY. INITIALLY MARKET EDGED LOWER ON THE ONSET OF THE TRADING SESSION AND LATER IN THE AFTERNOON THERE WAS A STRONG REBOUND BUT PROVED TO BE SHORT LIVED AFTER A SHARP SLIDE PUSHED KEY INDICES TO THE LOWS OF THE DAY AT THE FAG END OF THE TRADING SESSION.

TODAY MARKETS MAY TRADE IN A CHANNEL AND WOULD BE RANGE BOUND. VOLATALITY MAY REMAIN HIGH AHEAD OF EXPIRY FOR THE MONTH. TODAY IF NIFTY TRADES BELOW 5460 THEN LIKELY TO SLIDE DOWN TO 5430 LEVELS AND ANY BREAK BELOW THIS POINT WOULD TAKE IT CLOSE TO 5400 LEVELS AND ANY CLOSE BELOW 5400 IS VERY WEAK. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5475 THEN ONE CAN SEE IT TO MOVE UP TO 5487 AND ANY BREAK ABOVE THIS POINT WOULD TAKE IT TO 5500 LEVELS ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5520 LEVELS. ANY CLOSE ABOVE 5500 MAY TAKE MARKETS TO THE NEW HIGHS OF THE YEAR IN THE NEXT FEW SESSIONS. WE MAY SEE A VERY STOCK SPECIFIC RALLY

BUY RUCHI SOYA SL 125 TGT 128.4/130/132 (MEDIUM TERM 150/180)*
BUY PATNI SL 538 TGT 548/553/560 (MEDIUM 620/680)
POSITIONAL TRADES
BUY VLS FINANCE SL 20.7 TGT 40

INTRADAY TIPS FOR 25 AUGUST 2010

GOOD MORNING!!!

INDICES OPENED NEGATIVE UNDER PRESSURE FROM ASIAN MARKETS AND CONTINUED ITS LOOSING STREAK TRACKING WEAK EUROPEAN MARKETS, BEARISH SENTIMENTS ACROSS GLOBAL MARKETS LEAD THE INDIAN BOURSES TO CLOSE IN THE RED. THOUGH NIFTY WAS NEGATIVE MANAGED TO CLOSE ABOVE 5500. ALL THE SECTORAL INDICIES WERE IN RED AND REALITY WAS THE MOST EFFECTED AMONGST ALL THE SECTORS, IT, MIDCAPS HAVE ALSO LOST THEIR GROUND. MARKETS AFTER A DROP OF 60 POINTS ENDED 26 POINTS LOWER RECOVERING ALMOST 35 POINTS FROM THE LOWS. MARKET BREADTH WAS WEAK.

TODAY MARKETS LOOK WEAK ON GLOBAL CUES AND MARKET MAY SEE SOME KIND OF PRESSURE BOTH FROM GLOBAL CUES AS WELL AS FNO EXPIRY ON THURSDAY. THOUGH MARKETS ARE TRADING IN NEGATIVE ZONE, STRUCTURALLY IT IS SHOWING LOT OF STRENGTH. ONE HAS TO BE VERY CAREFUL ON BOTH THE SHORT AS WELL AS LONG SIDE AS WE HAVE NOT ENTERED INTO ANY BEARISH PHASE AND WE ARE STILL BULLISH BUT ONLY THING IS MARKET ARE ALMOST IN THE OVER BOUGHT REGION WHERE ONE IS ADVISED TO STAY ON THE SIDE LINES. TRADE STOCK SPECIFIC FOR ANY UPMOVE AND NOT TO INVEST ALL THEIR CAPITAL AT THIS STAGE AS THE SCOPE OF UPMOVE ON IMMEDIATE BASIS IS NOT VERY HIGH AND POTENTIAL DOWNSIDE IS MUCH HIGHER SO RISK REWARD IS VERY HIGH SO BETTER STAY ON SIDELINES AND STAY ON CASH. TODAY IF NIFTY TRADES BELOW 5490 THEN LIKELY TO COME DOWN TO 5463 AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY FURTHER DOWN TO 5428 ANY CLOSE BELOW 5480 IS WEAK. ON THE POSITIVE SIDE IF NIFTY TRADES 5525 LIKELY TO MAKE AN UPMOVE TO 5540 AND ANY BREAK ABOVE THIS LEVEL WOULD TAKE IT TO 5560 AND THIS IS CONSIDERED TO BE THE TOUGHEST RESISTANCE ANY BREAK ABOVE WE WOULD HEAD HIGHER ON SHORT COVERING. PHARMA AND POWER LOOKS GOOD.

BUY PTC SL 123 TGT 126/128/129.6
BUY IND SWIFT LABS SL 113.9 TGT 121/125/132
BUY MID-DAY SL 35.7 TGT 36.45/37/37.8
BUY VOLTAMP SL 1099 TGT 1157/1175/1195
BUY SURYA PHARMA SL 285 TGT 300/315/333 (POSITIONAL 380/550)
POSITIONAL TRADES
BUY HCL INFOSYSTEMS TGT 137*
BUY AJANTA PHARMA TGT 300*

INTRADAY TIPS FOR 24 AUGUST 2010

GOOD MORNING!!!

INDICES END FLAT WHILE VOLATALITY WAS HIGH AS TRADERS ROLLED OVER POSITIONS FROM THE CURRENT MONTH TO THE NEXT MONTH AHEAD OF EXPIR. NIFTY HAS HIT 31 MONTH HIGH ON THE INDEX. THE MARKET WAS VOLATILE. THE MARKET LOST GROUND SOON AFTER A POSITIVE START. THE MARKET ONCE AGAIN SLIPPED INTO THE RED LATER. THE MARKET MOVED IN A NARROW RANGE IN THE MID MORNING TRADE. FRESH BUYING HAS PAVED WAY FOR THE MARKETS TO 31 MONTHS HIGH. THE MARKET BREADTH WAS STRONG THERE WAS FRESH BUYING SEEN ON STOCK SPECIFIC BANKING SECTOR AND AUTO SHARES.

TODAY MARKETS LIKELY TO OPEN NEGATIVE TRACKING NEGATIVE US INDICES AND WEAK ASIAN MARKETS. WE MAY SEE MARKETS TO BE VERY VOLATILE AND REMAIN IN A RANGE BOUND AHEAD OF EXPIRY IN THIS WEEK. TODAY IF NIFTY TRADES BELOW 5524 THEN LIKELY TO COME DOWN TO 5507 AND BELOW THIS LEVEL WOULD TAKE NIFTY TO 5480 AND ANY CLOSE BELOW 5500 IS WEAK AND ONE CAN SEE FURTHER DOWNSIDE THIS LEVEL ON A POSITIONAL TRADE. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5540 THEN LIKELY TO MOVE UP TO 5560 AND THEN ANY BREAK AND TRADE ABOVE THAT POINT WOULD TAKE NIFTY TO 5590 AND ANY CLOSE ABOVE THIS POINT WOULD DRIVE MARKETS CRAZY ON SHORT COVERING AND MAY HEAD MUCH HIGHER THAN ANTICIPATED.

BUY INDIAN HOTELS SL 108 TGT 110/111/112
BUY JINDAL SOUTH WEST HOLDINGS SL 1854 TGT 1890/1915/1940
BUY APOLLO TYRE SL 75.8 TGT 78/79.9/80.7
BUY LANCO INFRATECH SL 73.3 TGT 75/76/77
BUY JINDALY POLY FILMS SL 755 TGT 800/833/850 (SHORT TERM 1000)
BUY JINDAL PHOTO SL 255.8 TGT 272/283/290
POSITIONAL TRADES
BUY VIDEOCON INDUSTRIES TGT 297/350
BUY GLENMARK TGT 350

INTRADAY TIPS FOR 23 AUGUST 2010

GOOD MORNING!!!

WEAK GLOBAL CUES WEIGHED ON THE INVESTORS SENTIMENT ON THE WEEKEND. INDICES EDGED LOWER BREAKING TWO-DAY GAINS AS SOME OF THE PIVOTALS FELL ON PROFIT TAKING NOTE. ALMOST ALL THE WORLD MARKETS DECLINED ON GLOBAL ECONOMIC WORRIES. MARKET BREADTH WAS NEGATIVE BANKING, IT, TELECOM AND FEW OF THE AUTO STOCKS DECLINED BUT ONLY SECTOR WHICH ROSE ON FRIDAY WAS REALITY. THERE WAS HUGE VOLATALITY WHICH WAS WITNESSED AT THE START OF THE TRADE THOUGH THERE WAS LITTLE RECOVERY SOON AFTER THE FALL OF THE MARKET IT PROVED TO BE SHORT LIVED AND INDICES LOST IT GROUND IN THE MID AFTERNOON AND IT TRADED IN A VERY NARROW RANGE BUT WEAKNESS PERSISTED ON THE BOURSES IN LATE TRADE. THERE WAS HUGE BUYING FROM FOREIGN FUNDS WHICH AMOUNTED TO 6365.98 CRORES TILL 19 AUGUST 2010 WHICH HAS ABSORBED THE SELLING OF 3047.42 CRORES FROM DOMESTIC FUNDS.

MARKETS LOOK FLAT AND RANGE BOUND THOUGH WE ARE IN A OVER-BOUGHT REGION ONE SHOULD BE VERY CAREFUL ON BOTH THE SIDE AS THE UPSIDE IS VERY LIMITED AND WE MAY RETRACE A BIT TO FURTHER PULL UP SO WHEN MARKETS SLIDE IT WILL GIVE YOU A CLEAR INDICATION FOR A DOWNSIDE WHICH MAY BE AROUND 200 TO 300 POINTS IN NIFTY BUT AT THIS STAGE WE ARE STILL UNCLEAR OF DOWNTREND IN THE MARKET, THE FOREIGN FUND BUYING CLEARLY INDICATES A LOT OF STRENGTH IN THE MARKETS. ONE CANNOT IGNORE THAT THE LONG TERM VIEW ON THE INDIAN MARKET WHICH LOOKS VERY STRONG WHEN COMPARED TO ITS PEERS, THERE IS HIGH FLOW OF FOREIGN FUNDS WHICH CLEARLY INDICATES THE LONG TERM BULLISHNESS IN THE MARKETS. TODAY IF NIFTY TRADES ABOVE 5540 THEN LIKELY TO TAKE OFF TO 5560 AND THEN ABOVE THAT POINT 5590 BUT ONE HAS TO REMEMBER THAT IF ANY FURTHER BUYING CROPS IN THEN WE WOULD SEE LOT OF SHORT COVERING TO TAKE PLACE AND MARKET MAY MOVE UP FUTHER AS SPECIFICALLY TOLD IN THE EARLIER POSTS THAT MARKETS LIKELY TO TOUCH 5560 ANY TRADE ABOVE THAT WOULD HAVE ONLY ONE RESISTANCE POINT I.E., 5600 BUT ANY BREAK IN THIS PSYCHOLOGICAL FIGURE WOULD TAKE MARKETS MUCH HIGHER ON SHORT COVERING. ON THE NEGATIVE SIDE ANY BREAK BELOW 5500 WOULD TAKE DOWN TO 5470 ONLY BELOW 5470 ONE CAN GO SHORT POSITIONALLY UNTIL THEN ITS ONLY A INTRADAY PLAY. REMEMBER FOR SHORTING THERE IS LOT OF SCOPE GOING FORWARD DON’T INTIATE SHORTS IN HURRY YOU WILL SEE MARKETS TO FUMBLE WHEN PROFIT BOOKING TAKES PLACE AND ONE CAN ENTER SHORTS AT THAT TIME WHEN MARKETS ARE COMING DOWN WITH GOOD VOLUMES UNTIL THEN STAY ON SIDELINES AND DON’T CARRY OVER SHORTS TO THE NEXT DAY. MARKETS ARE STILL BULLISH. DON’T INVEST MORE THAN 30% IN THE MARKET RETAIN CASH.

BUY DLF SL 332 TGT 338.75/343/349
BUY IDFC SL 186 TGT 192/194/196
BUY LARSEN & TOUBRO SL 1855 TGT 1877/1889/1900*
BUY FINANCIAL TECHNOLOGIES SL 1400 TGT 1428/1444/1472 (SHORT TERM 1550)*
BUY IND SWIFT LABS SL 93 TGT 97/99/102.5 (SHORT TERM 135)*

POSITIONAL TRADES
BUY JET AIRWAYS TGT 1000
BUY VARUN INDS TGT 200*
BUY BF UTILITIES 1400/1600*
BUY DCB TGT 66*
BUY RELIANCE MEDIA TGT 260/300
BUY BHUSHAN STEEL 2200/2500*

INTRADAY TIPS FOR 20 AUGUST 2010

GOOD MORNING!!!

INDICES SURGED YET AGAIN ON A STRONG NOTE, BULLS HAVE TAKEN TOTAL CONTROL OF THE MARKETS. MARKETS SURGED TO THE NEW HIGHS HITTING TWO AND HALF YEARS HIGH EXTENDING THE GAINS OF WEDNESDAY. ANOTHER IMPORTANT ASPECT IS, EASING OF FOOD AND FUEL INFLATION WHICH HAS EASED THE PRESSURE ON CENTRAL BANK MONETORY POLICY, WHICH HAS ADDED SOME MORE ESSENCE TO THE MARKETS UP MOVE. MARKET BREADTH WAS POSITIVE. BANKING AND FINANCIAL SHARES RALLIED ON FRESH BUYING THERE WERE LOT OF FRONT END COUNTERS LIKE HDFC, ICICI BANK, ITC, UNION BANK, CANARA BANK, ITC BAJAJ AUTO REGISTERED THEIR LIFE HIGHS. ALL-IN-ALL WE HAVE SEEN SUSTAINED AND CONTINUAL BUYING FROM FOREIGN INSTITUTIONAL INVESTORS WHICH IS TRIGGERING THE MARKETS TO HIGHER HIGHS.

TODAY MARKETS WOULD OPEN WEAK TRACKING NEGATIVE US AND EUROPEON CLOSING ALONG WITH WEAK ASIAN OPENING. ONE HAS TO BEAR IN MIND THAT AS LONG AS FOREIGN FUNDS ARE BUYING THERE IS NO POINT WERE WE CAN SEE MARKETS TO CRACK DOWN ONE HAS TO BE VERY CAREFUL IN THIS PHASE AND STAY ON CASH. IF MARKET SEE FURTHER UPSIDE THEN WE WOULD SEE THERE WOULD LOT OF SHORT COVERING TO TAKE PLACE WHICH WOULD GUIDE THE MARKET TO FURTHER NEW HIGHS. THOUGH THE MARKET LOOKS TO BE ON THE OVER BOUGHT REGION IN THE SHORT TERM BUT THE LONG TERM OUTLOOK REMAINS VERY STRONG. IF NIFTY TRADES BELOW 5520 THEN LIKELY TO COME DOWN TO 5494 LEVELS AND ANY BREAK BELOW THIS LEVEL WOULD DRAG NIFTY FURTHER TO 5464 LEVELS ANY CLOSE BELOW 5437 IS A WEAK CLOSING AND ONE CAN INITIATE FRESH SHORTS BELOW THIS LEVEL. ON THE POSITIVE SIDE IF NIFTY TRADES 5535 LIKELY TO MOVE UP TO 5560 AND ANY TRADE ON VOLUMES WOULD TAKE IT TO 5700 LEVELS. THERE IS EVERY POSSIBILITY THAT NIFTY MAY MOVE UP FURTHER ON SHORT COVERING. STAY VERY CAUTIOUS IN THE MARKETS. ONE CAN SEE CEMENT STOCKS AS BUYING OPPORTUNITY ON DECLINES WITH STRICT STOPLOSS.

BUY BALLARPUR ABOVE 38.5 SL 38 TGT 39.7/40.1/40.5
BUY RUCHI SOYA ABOVE 116.5 SL 115 TGT 119.3/122/126
BUY MVL LTD ABOVE 111.6 SL 109 TGT 115.5/119.75/122.2
BUY UNION BANK ABOVE 367.5 SL 364.5 TGT 372/376/379.8
POSITIONAL TRADES
BUY PATNI TGT 625*

INTRADAY TIPS FOR 19 AUGUST 2010

GOOD MORNING!!!

INDICES SURGED TO HIT FRESH INTRADAY HIGH IN THE LATE TRADE OF THE DAY. ONE AND THE ONLY KEY DRIVING FORCE IN THE MARKET IS FOREIGN FUNDS CONSISTANT AND SUSTAINED BUYING FOR THE PAST FEW DAYS. IT, METALS, AUTO, FMCG AND FERTILIZERS SURGED ALONG WITH BANKING. INITIALLY THOUGH MARKET OPEN HIGHER AND CONTINUED ITS RALLY TILL NOON AND GAVE UP ALL ITS GAINS IN THE AFTERNOON AND HIT FRESH INTRADAY LOWS AND THEN IN THE LATE AFTERNOON MARKETS TOOK OFF ON CONTINUED AND SUSTAINED BUYING AT A LIGHTENING SPEED WITH GOOD VOLUMES. IF ONE LOOKS AT THE FOREIGN FUND BUYING IN JULY IT STANDS AROUND 8320.5 CRORES WHICH HAS OBSORBED THE DOMESTIC FUNDS SELLING WORTH 6323.13 CRORES AND IN THE MONTH OF JUNE IT STANDS AT 7713.97 WHICH HAS OBSORBED THE SELLING OF 4777.05 CRORES OF DOMESTIC FUNDS.

TODAY MARKET LOOKS POSITIVELY FLAT, AS NIFTY CLOSED AT HIGHER LEVELS OF TRADE IN THE LAST TRADING DAY WHICH INDICATES A POSITIVE SIGN. AS MARKETS ARE AT HIGHER ZONES AND PSYCHOLOGICALLY IT MAY RESIST TO MOVE ABOVE 5500 LEVELS BUT ONCE IF THIS LEVEL IS BROKEN THEN WE MAY SEE NIFTY TO MOVE UP TO 5560 LEVELS AND WE MAY EVEN SEE SOME GOOD SHORT COVERING AT THIS STAGE AND WE MAY HEAD FURTHER UPSIDE. BUT ANY NEGATIVE NEWS IN THE MARKET MAY DRAG NIFTY TO UNIMAGINABLE FIGURES AT THIS POINT IN TIME AS THERE IS HARDLY ANY RETAIL PARTICIPATION ON THE UPSIDE AND THERE MAY BE LOT OF SHORTS ADDING IN THE MARKET IF ANY EXTERNAL NEGATIVE FACTORS CROP-IN. ON THE NEGATIVE SIDE IF NIFTY TRADE BELOW 5470 THEN WE MAY SEE NIFTY COME DOWN TO 5445 AND THEN TO 5409 LEVELS. FERTILIZER STOCKS LOOK GOOD.

BUY HINDALCO SL 173 TGT 178/180/183.75
BUY UNITED PHOSPHOROUS SL 194 TGT 198/200/203
BUY RANBAXY SL 470 TGT 478/483/490
BUY HDFC BANK SL 2185 TGT 2215/2230/2256
BUY DEEPAK FERTILIZERS SL 160 TGT 165.75/168.9/174
BUY INDIAN HOTELS SL 108 TGT 110.2/111.3/113

POSITIONAL TRADES
KFA TGT 70/85

INTRADAY TIPS FOR 18 AUGUST 2010

GOOD MORNING!!!

INDICES HAVE MANAGED TO CLOSE FLAT AFTER TRADING ON A POSITIVE AND NEGATIVE TERRIAN FOR THE ENTIRE DAY. EARLIER IN THE DAY MARKET EDGED HIGHER IN EARLY TRADE AS US INDEX FUTURES ROSE THERE AFTER MARKET WAS VOLATILE. MARKET RECOVERED FROM NEGATIVE ZONE TO POSITIVE TRACKING FIRM EUROPEAN STOCKS AND US INDEX FUTURES. FMCG STOCKS ROSE. BUT, IT STOCKS FELL AS TEPID US CONSUMER DATA REIGNITED FEARS ABOUT SLOWER US GROWTH SINCE US IS THE BIGGEST MARKET FOR INDIAN IT FIRMS. BANKING STOCKS ROSE. THE MARKET BREADTH WAS NEGATIVE IN CONTRAST TO A STRONG BREADTH EARLIER IN THE DAY.

TODAY MARKETS LOOK POSITIVE ON THE POSITIVE OUT LOOK OF ASIAN MARKETS AND STRONG CLOSING OF US AND EUROPEAN MARKETS. TODAY IF NIFTY TRADES ABOVE 5440 THEN LIKELY TO MAKE AN UPMOVE TO 5470 LELVELS AND ANY BREAK ABOVE 5476 WOULD TAKE NIFTY TO 5490 LEVELS AND ANY TRADE ABOVE 5500 WOULD TAKE NIFTY TO 5560. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5419 THEN LIKELY TO COME DOWN TO 5397 LEVELS AND BREAK BELOW 5397 WOULD TAKE NIFTY TO 5360 LEVELS. STAY CAUTIOUS AT HIGHER LEVELS.

BUY ITC SL 159.65 TGT 160.8/162.2/162.85
BUY HIND PETRO SL 490 TGT 502.3/510/514.85*
BUY HAVELLS SL 809 TGT 834/851/872 (SHORT TERM 920)
BUY UNITED BREWERIES SL 354 TGT 373/385/394 (MEDIUM TERM 550/690)
BUY BANK OF BARODA SL 827 TGT 845/861/871 (SHORT TERM 922)
BUY IDBI SL 128 TGT 131/132.7/133.9 (SHORT TERM 137/150)
POSITIONAL TRADES
BUY IOC TGT 425/470
BUY CANARA BANK TGT 600/750
BUY UCO BANK TGT 130/175
BUY SAREGAMA TGT 150/180

INTRADAY TIPS FOR 17 AUGUST 2010

GOOD MORNING!!!

WEEK KICK STARTED WITH DOUBTS OVER GLOBAL ECONOMIC RECOVERY AND INDICES EDGED LOWER IN THE LATE TRADE. IT, REALTY AND METALS STOCKS FELL. THE MARKET BREADTH WAS WEAK, IN CONTRAST WITH A STRONG BREADTH EARLIER IN THE DAY. VOLATALITY WAS IMMENSE INITIALLY WITH THE TRADE RANGE BEING VERY NARROW, INDICES SWUNG BETWEEN GAINS AND LOSSES.AND LATER TURNED WEAK TRACKING EUROPEAN MARKETS AND US INDEX FUTURES WHICH EDGED LOWER. ALL IN ALL MARKET BREADTH TURNED WEAK IN THE LATE TRADE.

TODAY MARKETS WOULD OPEN FLAT AND REMAIN IN RANGE BOUND UNTIL THE BELOW MENTIONED LEVELS ARE SURPASSED. IF NIFTY TRADES ABOVE 5442 THEN LIKLEY TO MAKE AN UPMOVE 5470 LEVELS AND ANY BREAK ABOVE 5476 LEVELS MAY TAKE NIFTY TO 5490 LEVELS AND ANY CLOSE ABOVE 5490 MAY TAKE MARKET TO 5560 LEVELS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5393 THEN LIKELY TO COME DOWN TO 5365 LEVELS AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY FURTHER DOWNSIDE TO 5325 LEVELS AND ANY CLOSE BELOW 5320 MAY DRAG NIFTY FURTHER DOWNSIDE IN A VERY SHORT NOTE. STAY AWAY FROM NIFTY IF NIFTY CLOSES BELOW 5440 LEVELS.

BUY DISHTV SL 51 TGT 52.4/53/54
BUY WOCKHARDT LTD SL 187 TGT 200/210/215
BUY ENIL SL 241 TGT 253/262/275
BUY CUMMINS SL 712 TGT 729/739/755
BUY PROVOGUE SL 66.4 TGT 68/69.35/70
BUY IBN18 SL 102.7 TGT 106.8/109/110.7 (SHORT TERM 123)
POSITIONAL TRADES
BUY MANJUSHREE TGT 82/105

INTRADAY TIPS FOR 16 AUGUST 2010

GOOD MORNING!!!

MARKET OPENED FIRM ON FRIDAY AND HIT THE FRESH INTRADAY HIGHS AND LETER TRIMMED GAINS IN THE MID AFTERNOON AS INDEX HEAVY WEIGHT RELIANCE INDUSTRIES PARED GAINS, MARKET CAME OFF THE LOWER LEVEL IN THE LATE TRADE ON PROFIT TAKING ON THE WEEKEND. MARKET BREADTH WAS POSITIVE THOUGH IT GOT WEAKEND FROM THE STRONG BREADTH EARLIER IN THE DAY. STOCKS FROM REALITY, BANKING, IT AND CONSUMER DURABLE ROSE. SBI HAS PULLED THE MARKET FOR THE STRAIGHT SECOND DAY HITTING ITS LIFE HIGH. THE MAJOR CONCERN IN THE MARKET IN THE COMING DAYS WOULD BE FIIS AS THEY HAVE BOUGHT EQUITIES WORTH A NET OF 4016.02 CRORES TILL 12 AUGUST WHICH HAS ABSORBED SELLING TO THE TUNE OF 2348.35 FROM DOMESTIC FUNDS AND IN THE MONTH OF JULY THEY BOUGHT WORTH 8320.50 AND DIIS HAVE SOLD WORTH 6323.13 AND IN THE MONTH OF JUNE FII’S HAVE BOUGHT WORTH 7713.97 AND DII’S SOLD WORTH 4777.05 SO FOR THE PAST THREE MONTHS THEY WERE VERY AGGRESSIVE BUYERS IN THE MARKET. AND WHEN THEY START PROFIT BOOKING MARKETS MAY SEE A BAD PATCH.

TODAY MARKETS WOULD OPEN NEGATIVE IN THE OPENING BELL AND WOULD TRADE IN A RANGE BOUND. IF NIFTY TRADES 5450 THEN WOULD COME DOWN TO 5430 LEVELS AND ANY TRADE BELOW 5430 WOULD DRAG NIFTY TO 5400 AND ANY BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 5370 LEVELS. AND ON THE UPSIDE IF NIFTY TRADES ABOVE 5476 LEVELS THEN WOULD MOVE UP TO 5500 LEVELS AND ANY TRADE ABOVE 5500 LEVELS WILL TAKE NIFTY TO 5560 LEVELS. TRADE CAUTIOUSLY AT HIGHER LEVELS.

BUY KFA SL 52 TGT 56/57/58
BUY BOMBAY DYEING SL 654.7 TGT 689/709/723
BUY PATNI SL 511 TGT 540/562/573
BUY CENTURY TEXTILES SL 495 TGT 508/517/521*
BUY IBREAL SL 193 TGT 197.7/200/205 (SHORT TERM TGT 225)
BUY CAIRN SL 353 TGT 360/366/370 (SHORT TERM 450)

POSITIONAL TRADES
BUY KARNATAKA BANK TGT 210/240
BUY KPIT TGT 227

INTRADAY TIPS FOR 13 AUGUST 2010

GOOD MORNING!!!

THE MARKET CAME OFF THE LOWER LEVEL IN MORNING TRADE AS ASIAN STOCKS AND US INDEX FUTURES RECOVERED FROM INITIAL SHARP LOSSES. A BOUT OF VOLATILITY WAS WITNESSED IN MID-MORNING TRADE AFTER THE GOVERNMENT RELEASED INDUSTRIAL PRODUCTION DATA. A STRONG REBOUND WAS WITNESSED IN AFTERNOON TRADE. STRONG RESULTS FROM STATE BANK OF INDIA PROPELLED BUYING IN AFTERNOON TRADE, INDICES HIT A FRESH INTRADAY HIGH, AFTER MOVING IN A NARROW RANGE BOUND INDICES MANAGED TO CLOSE FLAT. THE LATEST INFLATION DATA SHOWED FOOD PRICE INDEX ROSE 11.40% IN THE YEAR TO 31 JULY 2010, WHILE THE FUEL PRICE INDEX CLIMBED 12.66%. FOOD INFLATION ACCELERATED FROM THE PREVIOUS WEEK'S ANNUAL RISE OF 9.53% WHILE FUEL INFLATION EASED FROM THE WEEK-AGO READING OF 14.26%. THE PRIMARY ARTICLES INDEX ROSE 15.66% COMPARED WITH THE PREVIOUS WEEK'S READING OF 14.36%. THE INDUSTRIAL OUTPUT ROSE 7.1% IN JUNE 2010 COMPARED WITH REVISED 11.3% RISE IN MAY 2010. MANUFACTURING GREW 7.3%, MINING SECTOR GREW 9.5%, CONSUMER GOODS SECTOR ROSE 8.3%, CAPITAL GOODS SECTOR EXPANDED 9.7% AND ELECTRICITY GENERATION ROSE 3.5%.

TODAY WE EXPECT MARKET TO TRADE RANGE BOUND, ONE HAS TO STAY CAUTIOUS FROM HERE ON AT EVERY LEVEL ON THE UPSIDE. IT LOOKS LIKE WE STRIVE HARD TO MAKE PEANUTS IN THIS MARKET ON THE UPSIDE BUT IF ONE IS STUCK IN ANY OF THE COUNTER MAY HAVE TO STAY INVESTED FOR LONG TIME TO GET OUT OF IT AND LOOSE LOT OF OPPORTUNITY AS WELL SO ADVISED ONLY TO GO LONG IN STOCK SPECIFIC COUNTERS. TODAY IF NIFTY TRADES ABOVE 5430 MARKET MAY MOVE UPTO 5450 LEVELS AND ANY UP MOVE FROM THERE ON MAY TAKE NIFTY TO 5476 AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5404 THEN LIKELY TO COME DOWN TO 5372 LEVELS AND ANY BREAK BELOW 5372 MAY TAKE NIFTY TO 5350 AND THEN TO 5320 LEVELS AND ANY CLOSE BELOW 5372 IS A WEAK CLOSING IN NIFTY.

BUY RECLTD SL 330 TGT 340/345/355
BUY GMR INFRA SL 61 TGT 62.5/63.6/64.25

POSITIONAL TRADES
BUY LIBERTY SHOES SL 101.5 TGT 125/140/200

INTRADAY TIPS FOR 12 AUGUST 2010

GOOD MORNING!!!

MARKET EDGED HIGHER AT THE ONSET OF THE TRADING SESSION AND LOST ITS GROUND LATER TRACKING WEAK ASIAN MARKETS AND THE LATE TRADING DECLINE HAS BEEN SUPPORTED TO THE FULLEST BY THE EUROPE AND US FUTURES WHICH FUTHER STRENGTHENED THE WEAKNESS IN THE MARKETS AND HIT INTRADAY LOWS IN THE AFTERNOON, MARKETS WERE VERY VOLATILE DURING THE ENTIRE DAY THERE HAS BEEN ONLY STOCK SPECIFIC MOVE IN THE MARKET. MARKET BREADTH WAS WEAK IN CONTRAST TO THE POSITIVE BREADTH EARLIER IN THE DAY. MARKETS HAVE ENDED IN A BAD PATCH ENCOURAGING THE BEARS. BEARS HAVE COMPLETELY TAKEN CONTROL OF BULLS AND LEFT NO CHANCE IN THE MARKET FOR ANY SPACE FOR THE BULLS. RBI’S DECISION ON LICENSES FOR THE BANKS TO THE EXISTING FINANCIAL SECTORS HAVE ENCOURAGED BUYING IN THIS COUNTER EVEN IN THE DECLINING MARKETS.

TODAY MARKETS WOULD OPEN NEGATIVE TRACKING THE WORST CLOSING OF AMERICAN AND EUROPEAN MARKETS AND NEGATIVE OPENING OF ASIAN MARKETS WHICH MAY CONTINUE THE DECLINING PHASE IN THE MARKETS. MARKETS MAY COMPLETELY BE IN THE CONTROL OF BEARS AS WE HAVE SEEN ALL THE SECTORAL AS WELL AS STOCKS SPECIFIC COUNTERS HAVE REACHED THE OVER BOUGHT REGEION AND NOW IT’S THE TIME FOR RETRACMENT IN THE MARKETS WE MAY SEE STOCKS TO COME DOWN TO FURTHER MOVE UP. WE MAY SEE TATA STEEL NUMBERS TO DISAPPOINT MARKETS TODAY THIS WILL ADD SOME MORE PRESSURE IN THE MARKETS NOT ONLY THIS BUT ALSO THE IIP NUMBERS WHICH ARE EXPECTED TO BE MUCH BELOW THE DOUBLE DIGIT WHICH IS VERY NEGATIVE WHEN COMPARED TO THE EARILER DATA. TODAY MARKETS WOULD OPEN NEGATIVE AND CONTINUE TO REMAIN IN THE NEGATIVE ZONE, IF NIFTY TRADES BELOW 5400 WE MAY SEE NIFTY TO DIRECTLY COME TO 5350 AND BREAK BELOW THIS LEVEL WE MAY SEE NIFTY TO FURTHER WEAKEN AND COME DOWN TO 5300 LEVELS AND ANY TRADE BELOW 5300 WOULD DRAGE NIFTY TO 5240 LEVELS IN A VERY SHORT SPAN OF TIME. WE SUGGEST YOU TO STAY AWAY FROM LONGS FOR THE DAY AS THE NEGATIVE OPENING WOULD BE SUPPORTED IN THE LATE TRADE BY IIP NUMBERS SO STAY CAUTIOUS AND DON’T TAKE LONG TRADES WHEN MARKET IS RETRACING EVERY RISE WOULD BE A SELLING OPPORTUNITY TAKING 5400 AS STOPLOSS.

BUY SREI SL 90 TGT 96/98/100 (SHORT TERM 110)*
BUY TATA COMMUNICATION SL 322 TGT 336/345/351 (SHORT TERM 370)
SELL DCHL 131 TGT 128.6/126.5/125
SELL TATA STEEL SL 528 TGT 510/498/489 (SHORT TERM 450)
SELL ABAN SL 863 TGT 845/831/821
POSITIONAL TRADES
BUY M&M FINANCIALS TGT 750/1000
BUY LIC HSG TGT 1200/1600
BUY RELIANCE CAPITAL 850/920
BUY HPCL TGT 525/588
BUY BPCL TGT 775/875
SELL ADANI ENTERPRISES SL 836 TGT 550/515
SELL GAIL TGT 400 (SHORT TERM)

NOTE:

1. ONE CAN RE-INITIATE BUY IN INTRADAY BUY CALLS IF IT AGAIN MOVES ABOVE STOPLOSS, PREFERABLY TAKE ABOVE RECOMMENDED BUY CALLS ON INITIAL DECLIEN ABOVE STOPLOSS

2. IN POSITIONAL TRADES SHORTS ARE TO BE TAKEN IN FUTURES

INTRADAY TIPS FOR 11 AUGUST 2010

GOOD MORNING!!!

MARKETS LOOSE ITS GROUND AFTER A STRONG START ON MONDAY AHEAD OF FEDERAL RESERVE POLICY. ALL THE GLOBAL STOCKS HAVE NOSE-DIVED WHICH HAS TRIGGERED THE MARKETS TO LOOSE ITS STRENGTH. . THE MARKET EDGED LOWER IN EARLY TRADE, TRACKING WEAK ASIAN STOCKS. THE MARKET CAME OFF THE LOWER LEVEL IN MORNING TRADE. THE MARKET MOVED IN A NARROW RANGE IN MID-MORNING TRADE. THE MARKET HIT A FRESH INTRADAY LOW IN EARLY AFTERNOON TRADE. THE MARKET EXTENDED LOSSES IN AFTERNOON TRADE AS CHINESE STOCKS SLUMPED STOCKS WERE VOLATILE. TATA MOTORS WAS THE STOCK WHICH HAS OUT PERFORMED IN THE MARKET, HOLDING THE MARKETS TO CERTAIN EXTENT ALONG WITH ICICI AND L&T. THE MARKET BREADTH WAS NEGATIVE IN CONTRAST TO A STRONG BREADTH EARLIER IN THE DAY.

TODAY MARKETS WOULD OPEN WEAK ON GLOBAL CUES AND CONTINUE TO REMAIN UNDER PRESSURE AS MARKETS ARE PURELY ON THE OVER BOUGHT REGION ONLY CONSOLIDATING AT FOREIGN FUNDS INFLOW IN THE INDIAN MARKETS. MARKETS HAVE TO COME DOWN TO FURTHER MOVE UPSIDE WHICH IS A HEALTHY SIGN FOR THE MARKETS IF NIFTY TAKES OFF FROM THE CURRENT POSITION TO NEW HIGHS IT MAY NOT WITH STAND AND WE MAY SEE MARKETS TO BREAK. IT NIFTY TRADES BELOW 5454 THEN LIKELY TO COME DOWN TO 5430 LEVELS AND BREAK BELOW 5430 WOULD TAKE NIFTY TO 5397 LEVELS AND ANAY BREAK BELOW THIS POINT WOULD TAKE IT TO 5357 LEVELS. ON THE POSITIVE SIDE ABOVE 5475 WOUD TAKE NIFTY TO 5499 LEVELS.

BUY GMRINFRA SL 59.4 TGT 60.9/61.7/62.6
BUY ADANI POWER SL 139.4 TGT 142.2/144/145.35
BUY FIRST LEASING SL 74 TGT 78/80/84
BUY IBREAL SL 185 TGT 189/194/197
BUY TITAN BIO-TECH SL 24 TGT 25/25.4/25.85 (MEDIUM TERM 28/31)
BUY ARIES SL 167 TGT 176/181/190

INTRADAY TIPS FOR 10 AUGUST 2010

GOOD MORNING!!!

INDICES SURGED TO 2-1/2-YEAR HIGHS AT THE FAG END OF THE TRADING SESSION ON THE FOLLOWING GROUNDS.
1. SOON AFTER REPORTS FILTERED IN THAT THE GOVERNMENT HAS EXEMPTED LISTED STATE-RUN FIRMS FROM A RULE THAT MANDATES A MINIMUM 25% PUBLIC SHAREHOLDING.
2. A FURTHER IMPROVEMENT IN SOUTHWEST MONSOON RAINS,
3. SUSTAINED BUYING BY FOREIGN FUNDS AND FIRM GLOBAL STOCKS. FOREIGN FUNDS BOUGHT EQUITIES WORTH A NET RS 2762.21 CRORE IN THE FIRST FIVE TRADING DAYS THIS MONTH, TILL 6 AUGUST 2010, ABSORBING SELLING OF RS 1129.62 CRORE FROM DOMESTIC FUNDS, AS PER DATA FROM THE STOCK EXCHANGES.
THE ABOVE POINTS HAVE UNDERPINNED SENTIMENTS IN THE MARKETS THEIR BY TRIGGERING THE MARKETS HIGHER. BANKING, REALTY, METAL AND CONSUMER DURABLES STOCKS WERE IN DEMAND. BUT, INDEX HEAVYWEIGHT RELIANCE

TODAY MARKETS WOULD OPEN FLAT AND REMAIN IN CONSOLIDATION AS INDICES ARE AT HIGHER LEVELS AND LIKELY TO HAVE GOOD RESISITANCE AT HIGHER LEVELS. ONE HAS TO BE VERY CAUTIOUS IN THE MARKETS AT THE CURRENT SITUATION AS INDICES ARE AT OVERBOUGHT REGION AND LIKELY TO RETRACE AT ANY GIVEN POINT IN TIME SO IT IS ADVISED TO STAY INVESTED ONLY 25% OF THE CAPITAL AND THAT TOO IN STOCK SPECIFIC COUNTERS. WE MAY SEE NIFTY TO FACE TOUGH RESISTANCE AT HIGHER LEVELS. ON INTRADAY BASIS IF FNITY TRADES BELOW 5500 THEN LIKELY TO COME DOWN TO 5470 AND BREAK BELOW THIS LEVEL WOULD COME TO 5450 LELVELS AND ANY BREAK BELOW THIS LEVEL IS CONSIDERED TO BE WEAK AND NIFTY CAN DRAG DOWN TO 5400 LEVELS AND IT IS EXPECTED THAT MARKET IS LIKELY TO COME DOWN FROM THIS PHASE. ON THE UPSIDE IF NIFTY TRADES ABOVE 5500 THEN LIKELY TO MAKE AN UPMOVE TO 5560 LEVELS. AND ONE HAS TO BEAR IN MIND NOT TO CAPTIVATE ON BUYING OPPORTUNITIES TRY TO GRAB THE OPPORTUNITY ON SELLING SIDE.

BUY UNITECH SL 89.4 TGT 92.5/94/96
BUY JUBLI. FOOD SL 460 TGT 483/495/508
BUY HIMACHAL FUTURIS SL 11 TGT 11.4/11.8/12
BUY ESSAR SHIPPING SL 125.8 TGT 136/143/146 (SHORT TERM 175)
BUY DCM LTD SL 104.7 TGT 111/114.7/118
BUY ARVIND MILLS SL 38.5 TGT 39.5/40.4/41 (SHORT TERM 45)

BUY BANK NIFTY PUTS OF STRIKE 10300/10400/10500 AND TAKE MIN 100% RETURN

INTRADAY TIPS FOR 09 AUGUST 2010

GOOD MORNING!!!

LAST TRADING DAY MARKETS HAVE OPENED HIGHER BUT COULDNT SUSTAIN AT HIGHER LEVELS, MARKETS STARTED CRAKING NO SOONER IT REACHED HIGHER LEVELS AND DRAGGED DOWN ON CONCERNS OF EUROPEAN AND US INDICIES. MARKETS AT THE END RETRACED. BANKING, IT AND REALITY ALL THE SECTORAL INDICES FELL AND CLOSED IN RED.

WE HAVE SEEN ONLY STOCK SPECIFIC MOVES AND WE MAY CONTINUE TO SEE STOCK SPECIFIC MOVES BASED ON THE FIRST QUARTER RESULTS. WE MAY SEE SOME PROMINENT FIRST QUARTER RESULTS AND MONETARY POLICY MEETING OF US FEDERAL RESERVE WHICH WOULD BE IN FOCUS IN THE WEEK AHEAD, WE MAY SEE SOME KIND OF CONSOLIDATION AT HIGHER LEVELS. THE MANSOON ARE EXCEPTIONALLY GOOD IN THE COUNTRY THIS IS ONE OF VERY POSITIVE SIGN. THE COMBINED NET PROFIT OF A TOTAL OF 2080 COMPANIES FELL 9.2% TO 57560 CRORES ON 20.7% RISE IN SALES TO 707925 CRORES IN Q1 JUNE 2010 OVER Q1 JUNE 2009. FOOD INFLATION HAS EASED TO 13 MONTH LOW . TODAY MARKETS WOULD OPEN FLAT TO NEGATIVE AND TRADE IN A NARROW RANGE, IF NIFTY TRADES BELOW 5430 THEN LIKELY TO COME DOWN TO 5400 AND BREAK BELOW 5397 WOULD DRAG NIFTY TO 5376 LEVLES AND ANY BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5350 LEVELS AND CLOSE BELOW 5400 WOULD BE CONSIDERED NEGATIVE IN THE NEAR TERM. ON THE POSITIVE SIDE IF NIFTY TRADE ABOVE 5476 THEN LIKELY TO TAKE NIFTY TO 5493 LEVELS AND ANY BREAK ABOVE 5500 THEN WE MAY SEE NIFTY TO GO TO 5560 LEVELS. ONE IS ADVISED TO STAY OUT WITH CASH IN THE MARKETS AS MARKETS HAVE POTENTIAL UPSIDE OF ONLY 100 POINTS BUT HAS A GOOD AMOUNT OF DOWNSIDE ON RETRACEMENT FRONT SO STAY CAUTIOUS AND TAKE ONLY STOCK SPECIFIC ON UPSIDE. MAY SEE SOME GOOD MOVEMENT IN FERTILIZERS.

BUY ABB SL 804 TGT 820/827/838
BUY HINDUJA TMT SL 445 TGT 476/485/494
BUY GSPL SL 110 TGT 112/113/114.8
BUY MAYTAS SL 232 TGT 238/241/246
BUY GJHL SL 163 TGT 168/171/175

INTRADAY TIPS FOR 06 AUGUST 2010

GOOD MORNING!!!

YESTERDAY WE HAVE WITNESSED SEE-SAW MARKET, THOUGH MARKET GAVE UPSIDE BREAK DIDNT QUITE HOLD AT THE HIGHER LEVELS. MARKETS TRADED IN A NARROW RANGE TILL MID AFTERNOON AND THEN MOVED UPSIDE FOR A BRIEF PERIOD AND DIDNT STAY LONG THE FALSE BREAKOUT HAS PUT PANIC IN THE TRADERS AND MARKET CLOSED WEAKER WHEN COMPARED TO THE MARKET BREADTH OF THE EARLY TRADE. ALL-IN-ALL MARKET CRUCIAL LEVELS. WE HAVE SEEN SHIPPING OUTPERFORMING IN THE MARKETS.

TODAY NIFTY MAY OPEN RANGE BOUND. UNTIL THE VOLUMES CROP IN NIFTY MAY BE ON A NARROW RANGE, AS WE HAVE SEEN FOR THE LAST FEW DAYS THE VOLUMES ARE INCHING DOWN ON THE UPWARD JOURNEY WE EXPECT MARKET TO BREAK DOWN ONLY WHEN THE VOLUMES COME IN SO JUST SEE WHEN MARKET COMES DOWN IT HAS TO COME DOWN WITH VOLUMES ONLY THEN ONE CAN SEE SHORTING FOR A GOOD PROFIT IF NIFTY TRADES BELOW 5450 THEN LIKLEY TO COME DOWN TO 5420 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY 5397 AND ANY CLOSE BELOW 5400 IS CONSIDERED TO BE WEAK. ON THE UPSIDE IF NIFTY TRADES ABOVE 5476 ONLY THEN ONE CAN SEE ON THE CLOSING BASIS THAT NIFTY TO GO UP TO 5560 LEVELS.

BUY HCL TECH SL 410 TGT 416/419/421
BUY PRIME FOCUS SL 484 TGT 497/506/515
BUY ARVIND MILLS SL 36.6 TGT 37.6/38.1/38.5
BUY ESSAR SHIPPING SL 107.5 TGT 114/118/120
BUY HIND ZINC SL 1106 TGT 1126/1134/1145
BUY BANK NIFTY 10400 PUT AT 140 SL 75 TGT 300/400/500
BUY SBI 2650 PUT AT 62 SL 36 TGT 100/150/200
SELL SESA GOA FUTURES SL 390 TGT 300/270
SELL TATA STEEL FUTURES SL 570 TGT 500/450/410

INTRADAY TIPS FOR 05 AUGUST 2010

GOOD MORNING!!!

INDICES SURGED TO THEIR HIGHEST LEVEL IN THE LAST 29 MONTHS IN THE LATE TRADE ON STRONG SERVICES DATA AND REVIVAL OF MONSOON RAINS IN THE CRUCIAL SOWING MONTH. IT STOCKS SURGED EVEN THOUGH THE ASAIN INDICIES WERE MIXED AND EUROPE AND US INDICES WERE TRADING IN MUCH NEGATIVE MARKET SPURTED HIGH INCH BY INCH IN A VERY SHORT SPAN AND GAINING AROUND 50 POINTS IN NIFTY FROM LOWS WITHIN SHORT SPAN OF TIME WITH HIGH VOLUMES. REALITY STOCKS TOO ROSE. BANKING AND METALS FELL. THOUGH THE MARKET WAS CONFINED TO A VERY NARROW RANGE BAND TILL AFTERNOON IT BROKE OUT FROM THE CHANNEL AFTER THE STRONG SERVICES ALONG WITH MONSOON DATA WAS RECEIVED. OVERALL HEALTH OF THE MARKET TURNED POSITIVE IN COMPARSION TO THE BREADTH OF THE EARLY TRADE.

TODAY, NIFTY LIKELY TO REMAIN IN A RANGE BOUND UNLESS IT BREACHES 5476 AND TRADE BUT ANY BREAK AND TRADE ABOVE 5476 IS A SIGN OF A BREAK-OUT FOR A NEAR TERM WHICH IS LIKELY TO TAKE NIFYT TO 5560 LEVELS ON HAS TO BE VERY CAUTIOUS ON THE BAND NIFTY IS TRADING, AS LONG AS NIFTY IS BELOW 5476 ONE CAN BE ON SHORTER SIDE BUT ONCE IT BREACHES AND TRADES IT IS VERY RISKY AND THERE WOULD BE LOT OF SHORT COVERING TO TAKE PLACE IF NIFTY CROSSES 5500 TOO SO STAY CAUTIOUS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5430 THEN LIKELY TO DIP DOWN TO 5411 AND THEN TO 5380 LEVELS, OPPORTUNITY FOR SHORTS WILL BE VERY HIGH BUT ONE HAS TO WAIT FOR THAT AS THIS IS NOT THE CLEAR TREND FOR SHORTING.

NO RECOS FOR THE DAY

INTRADAY TIPS FOR 04 AUGUST 2010

GOOD MORNING!!!

INDICES END A TAD HIGHER AS RELIANCE AND BANKING STOCKS HAVE EDGED HIGHER. STRONG AUTO SALES FOR JULY, SUSTAINED BUYING FROM FOREIGN FUNDS FROM THE LAST TWO MONTHS, REVIVAL OF MONSOON RAINS IN THE CRUCIAL SOWING MONTH OF JULY, SUPPORTED THE BOURSES. THOUGH MARKETS OVERALL WERE FLAT ONLY THE BANKING STOCKS HAVE CONTAINED THE MARKET FROM BUYING. INITIALLY MARKETS SLIPPED INTO NEGATIVE IN THE AFTERNOON TRADE AS EUROPEAN STOCKS DECLINED BUT LATER REGAINED STRENGTH IN THE LATE TRADE. ALL-IN-ALL MARKET MOVED IN A NARROW RANGE AND IN THE PHASE OF CONSOLIDATION. FOREIGN FUNDS CONTINUE TO MOP UP INDIAN STOCK MARKETS, IN JULY FORIEGN FUNDS HAVE BOUGHT 8320.5 CRORE IN JULY WHICH HAS TRIGGERED MARKETS TO BREACH LAST 29 MONTH HIGHS IN THE INDICIES.

TODAY MARKETS WOULD BE RANGE BOUND AND EXPECTED TO BE RANGE BOUND NIFTY WILL TRY TO BE IN A CONSOLIDATED STATE AND MOVING FORWARD WE CAN SEE IT WILL BE IN A CHANNEL BASED TRADE IF IT TRIES TO MOVE UP FROM HERE ON, ELSE NIFTY WOULD HAVE SOME RETRACEMENT TO FURTHER SCALE TO NEW HIGHS. IF NIFTY TRADES ABOVE 5454 THEN LIKELY TO SEE SOME RESISTANCE AROUND 5476 AND ANY UPMOVE FROM HERE ON WILL HALT AT 5560 LEVELS AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5430 THEN LIKELY TO COME DOWN TO 5411 AND BREAK BELOW THIS LEVEL WOULD DRAG IT TO 5380 LEVELS. SUGARS LOOKING GOOD.

BUY HMT SL 82 TGT 87/90/92
BUY TTML SL 22.5 TGT 23/23.2/23.5
BUY BAJAJ HIND SL 117.5 TGT 119.7/120.8/122

POSITIONAL TRADES

BUY SUKHJIT STARCH CMP 203.75 TGT 250/300

INTRADAY TIPS FOR 03 AUGUST 2010

GOOD MORNING!!!
KEY INDICES HAVE SURGED HIGHER ON THE FOLLOWING FEW MAIN REASONS
-> SUSTAINED BUYING FROM FII'S
-> REVIVAL OF THE MANSOON RAINS
-> STRONG AUTO SALES IN JULY 2010
-> FIRM GLOBAL CUES.
-> FACTORY OUTPUT INDEX JUMPED TO A FOUR MONTH HIGH
ABOVE REASONS ARE THE REASONS FOR THE MARKETS TO COMPLETELY TAKE CONTROL ON BEARS, BULLS HAVE DOMINATED THE ENTIRE DAY LEAVING NO ROOM FOR THE BEARS.

TODAY MARKETS WOULD OPEN POSITIVE BUT MAY NOT HOLD BEYOND 5454 LEVELS, IT IS LIKELY EITHER CONSOLIDATE HERE OR COME DOWN BEFORE ANY FURTHER UPMOVE BUT IF MARKETS MOVE UP THEN LIKELY TO COME DOWN ON A FAST NOTE WHICH WOULD BE BEYOND IMAGINATION. ONE OF THE MOST IMPORTANT ASPECT OF CURRENT MARKET AT THE PRESENT SITUATION IS FII'S ARE TAKING TOTAL CONTROL ON THE MARKET WHEN COMPARED TO DIIS OR ANY OTHER, SINCE THEY HAVE BEEN BUYING ON A CONSTANT NOTE FOR THE PAST SIX MONTHS AND IF ANY NEGATIVE IMPACT WOULD MAKE THEM TO RETRIVE THEIR FUNDS FROM THE MARKETS AND MARKETS WOULD COLLAPSE. TODAY IF NIFTY TRADES ABOVE 5454 IT IS A POSITIVE SIGN AND MAY TAKE OFF TO 5476 AND BELOW 5430 LIKELY TO COME DOWN TO 5413 AND THEN TO 5397 LEVELS AND ANY BREAK BELOW 5376 WOULD DRAG FURTHER DOWNSIDE. STAY CAUTIOUS IN THE PRESENT MARKETS AND THERE WOULD BE ONLY STOCK SPECIFIC MOVES ON THE CARD. WATCH OUT VERY CAREFULLY AND STAY ON CASH, YOU WILL FIND VERY GOOD OPPORTUNITIES TO INVEST.

BUY RECLTD SL 313 TGT 318/320/324
BUY DISHTV SL 45.9 TGT 46.8/47.4/47.9
BUY LAKSHMI VILAS BANK SL 109.8 TGT 113/115/117 (MEDIUM TERM 140)
BUY ADANI ENTERPRISES SL 606 TGT 622/633/649
BUY BANK OF INDIA SL 434 TGT 442/447/452

INTRADAY TIPS FOR 02 AUGUST 2010

GOOD MORNING!!!

KEY INDICES EDGED LOWER ON FRIDAY IN THE OPENING TRACKING ASIAN STOCKS WHICH HAVE EDGED LOWER IN TRADE BUT WITH RELIANCE PULLING BACK MARKETS RECOVERED FROM EARLY LOSSES. MARKET MOVED IN A NARROW RANGE BOUND AND TRADING WAS VOLATILE TILL MID-AFTERNOON MARKET STARTED DECLINING FAST IN THE LATE TRADE, MARKET HITS FRESH INTRADAY LOWS AND CLOSED IN LOWER LOWS, FMCG, CAPITAL GOODS AND IT STOCKS FELL THE MOST. THOUGH THERE WAS HUGE SELLING PRESSURE AT THE END OF THE TRADING SESSION FII'S CONTINUE TO MOP UP INDIAN STOCKS, THEY HAVE BOUGHT SHARES WORTH A NET OFRS. 8109.64 CRORES IN JULY, THE CONTINUES SELLING OF DII'S HAS BEEN ABSORBED COMPLETELY BY FII'S, TILL NOW DII'S HAVE SOLD 6193.15 CRORES IN JULY. IN THE MONTH OF JUNE FII'S HAVE PUMPED IN 7713.97 CRORES AND DII'S HAVE SOLD 4777.05 CRORES. THE SUSTAINED AND CONTINUOUS BUYING IN THE MARKETS BY FII'S HAVE TRIGGERED THE MARKETS TO THE FRESH HIGHS OF LAST ONE AND HALF YEARS.

TODAY MARKETS WOULD BE RANGE BOUND AND MAY TRIGGER UPSIDE INITIALLY ON EXTERNAL FACTORS BUT ONE HAS TO REMEMBER THAT MARKETS ARE ALMOST AT THEIR PEAKS AND IS EXPECTED TO CORRECT FROM HERE-ON OR IT WILL CONSOLIDATE AND THEN MOVE FORWARD. IF MARKETS MOVE FROM HERE ON WITHOUT RETRACING OR CORRECTING THEN IT IS A SIGN OF CAUTION AND MAY CRACK DOWN WITH FORCE ANY TIME AND IS NOT A HEALTHY MOVE IN THE MARKET SO ONE HAS TO CONSIDER THESE FACTORS AND STAY CAUTIOUS MARKETS. ONE MORE IMPORTANT NOTE IS ON THE CORPORATEFRONT, THE COMBINED NET PROFIT OF TOTAL OF 1025 COMPANIES FELL 8.5% TO 48549 CRORES ON 22.6% RAISE IN SALES TO 570313 CRORES IN Q1 JUNE 2010 OVER Q1 JUNE 2009. ONE VERY POSITIVE POINT IN THE MARKETS IS GOOD MANSOONS WHICH WERE RUNNING IN DEFICIT ARE NOW EXPECTED TO BE 102% OF THE LONG-PERIOD AVERAGE. TODAY IF NIFTY TRADES ABOVE 5390 THEN LIKELY TO MOVE UP TO 5411 AND ANY BREAK AND TRADE ABOVE 5411 IS LIKELY TO MAKE AN UPMOVE TO 5450 LEVELS AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5370 THEN WILL COME DOWN TO 5335 AND ANY BREAK BELOW THIS POINT WOULD TAKE NIFTY TO 5254 LEVELS AND NIFTY MAY TAKE STRONG SUPPORT AT 5240 LEVELS.

BUY HCC SL 134 TGT 138/140/145
BUY REDIGTON (I) SL 415 TGT 435/447/468*
BUY STRIDES ARCOLAB SL 362 TGT 371/376/385*
POSITIONAL TRADES
BUY GATI CMP 84.5 TGT 100