INTRADAY TIPS FOR 29 OCTOBER 2010

GOOD MORNING!!!

MARKET WAS WILD THROUGHOUT THE DAY, INTRADAY VOLATILITY WAS EXTREMELY HIGH. THE MARKET SLIPPED INTO THE RED IN MORNING TRADE. THE MARKET REGAINED POSITIVE ZONE LATER IN THE TRADE EXTENDING GAINS IN MID-MORNING TRADE. VOLATILITY CONTINUED, INDICES ONCE AGAIN ERASED ALL THE INTRADAY GAINS IN THE LATE AFTERNOON TRADE WITH A SUDDEN SELL-OFF IN THE TRADE PULLED THE KEY INDICES BELOW THE PSYCHOLOGICAL LEVELS IN BOTH SENSEX AND NIFTY. A REBOUND FROM LOWER LEVELS AT THE FAG END OF THE TRADING HELPED NIFTY TO REGAIN 6000 LEVELS. VOLATILITY WAS THE KEY AS TRADERS ROLLED OVER THEIR POSITIONS FROM OCTOBER TO THE NOVEMBER SERIES. THE MARKET BREADTH WAS WEAK, COMPARED WITH A STRONG BREADTH EARLIER IN THE DAY.

TODAY MARKETS LOOK RANGE BOUND SINCE TODAY BEING THE FIRST DAY OF THE NEW CONTRACT WE MAY SEE NIFTY TO GIVE A CLEAR TREND IN THE MARKETS. IF NIFTY TRADES ABOVE 6008 THEN ONE CAN SEE NIFTY TO MOVE 6044 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6080 LEVELS AND ANY CLOSE ABOVE THIS LEVEL IS CONSIDERED TO BE BULLISH ON NIFTY. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5977 THEN WE CAN SEE NIFTY TO SLIDE DOWN TO 5957 AND THEN TO 5930 AND THEN TO 5890 LEVELS. ONE CAN BUY NIFTY AT THE BOTTOMS ON BARGAIN HUNT WITH A STRICT STOPLOSS OF 5763 SINCE THIS IS THE VERY CRUCIAL LEVEL IN NIFTY IF IT DOESN’T TAKE SUPPORT AT 5890 LEVELS. ONE CAN TAKE POSITIONS INITIALLY JUST ABOVE 5900 LEVELS WITH A STRICT STOPLOSS OF 5890 LEVELS AND IF IT BREAKS AGAIN ONE CAN INITIATE AROUND 5800 WITH A STRICT STOPLOSS OF 5763.

BUY CUMMINS SL 773 TGT 789/796/811
BUY CITY UNION BANK SL 49.90 TGT 51.60/52.40/53
BUY MUNJAL SHOWA SL 70.90 TGT 73/74.35/75 (SHORT TERM 82)
BUY ABG SHIPYARD SL 467 TGT 487/498/505 (SHORT TERM 588/700)
BUY INDIABULLS FINANCIALS SL 216.90 TGT 223/227/232

POSITIONAL TRADES
BUY SANWARIA AGRO TGT 215/260

INTRADAY TIPS FOR 28 OCTOBER 2010

GOOD MORNING!!!

WEAK GLOBAL STOCKS DAMPENED INVESTOR SENTIMENT AND PAVED WAY FOR THE SECOND STRAIGHT DAY FALL. THE MARKET RECOVERED AFTER AN EARLY SLIDE TRIGGERED BY WEAK ASIAN STOCKS. BUT, THE INTRADAY RECOVERY PROVED SHORT-LIVED, WITH WEAK ASIAN STOCKS WEIGHING ON INVESTOR SENTIMENT. THE MARKET ONCE AGAIN CAME OFF LOWS IN MORNING TRADE. THE MARKET WEAKENED AGAIN IN EARLY AFTERNOON TRADE AS THE SENSEX HIT A FRESH INTRADAY LOW. FRESH SELLING PULLED THE MARKET TO THE DAY'S LOW IN AFTERNOON TRADE. THE MARKET EXTENDED LOSSES TO HIT FRESH INTRADAY LOW IN MID-AFTERNOON TRADE. VOLATILITY CONTINUED IN LATE TRADE. STOCKS WERE VOLATILE AS TRADERS ROLLED OVER POSITIONS IN THE DERIVATIVES SEGMENT FROM THE NEAR-MONTH TO NOVEMBER SERIES AHEAD OF THE EXPIRY OF THE OCTOBER CONTRACTS. THE MARKET BREADTH WAS WEAK, IN CONTRAST WITH A STRONG BREADTH EARLIER IN THE DAY. INTEREST RATE SENSITIVE BANKING AND REALTY STOCKS FELL. CAPITAL GOODS AND FMCG STOCKS ALSO DECLINED.

TODAY MARKETS WOULD BE A SEE-SAW MARKETS WITH HIGH CURRENT VOLATILITY AS TODAY BEING THE EXPIRY OF THE CURRENT MONTH, WE MAY SEE STOCK SPECIFIC MOVES AHEAD OF EXPIRY. TODAY THERE WONT BE MUCH IMPACT ON THE EXTERNAL FACTORS LIKE ASIAN OPENING AND WEAK CLOSING OF AMERICAN AND EURPEAN MARKETS. TODAY IF NIFTY TRADES ABOVE 6046 THEN LIKELY TO MAKE AN UPMOVE TO 6060 AND THEN TO 6098 LEVELS WHICH MAY BE CRUCIAL LEVEL FOR NIFTY BUT IF NIFTY TRADE ABOVE 6100 THEN WE MAY SEE FURTHER UPSIDE IN NIFTY. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 6014 THEN LIKELY TO DIP DOWN TO 5967 LEVELS AND IF NIFTY DOESN’T HOLD 5950 THEN LIKELY TO DIP DOWN TO 5904 LEVELS WHICH IS A MINOR SUPPORT. 5967 IS A CRUCIAL LEVEL WHERE NIFTY SHOULD HOLD. BE CAUTIOUS IN THE MARKET.

BUY SUBEX SL 76.85 TGT 79/80.40/82.45
BUY IDBI SL 176.90 TGT 179.75/181.40/182.5
BUY SURYA PHARMA SL 335 TGT 347/353/358
BUY DHANALAKSHMI BANK SL 208 TGT 212/214.70/218.80

POSITIONAL TRADES
BUY LIC HSG 1700/1900

INTRADAY TIPS FOR 27 OCTOBER 2010

GOOD MORNING!!!

INDICES DECLINED, SOON AFTER HITTING FRESH INTRADAY HIGHS AFTER RBI DEPUTY GOVERNOR SUBIR GOKARN SAID SURGING FOOD PRICES ARE STRUCTURAL AND WILL PUT UPWARD PRESSURE ON INFLATION AND INTEREST RATES. THE MARKET RECOVERED FROM LOWER LEVEL, SOON AFTER HITTING A FRESH INTRADAY LOW IN EARLY AFTERNOON TRADE. THE SELLING PRESSURE INTENSIFIED IN AFTERNOON TRADE AS THE MARKET WEAKENED ONCE AGAIN. THE MARKET CAME OFF THE DAY'S LOW IN MID-AFTERNOON TRADE. THE MARKET AGAIN WEAKENED IN LATE TRADE. INDICES EDGED LOWER IN A CHOPPY TRADING SESSION AS WEAK GLOBAL STOCKS WEIGHED ON INVESTOR SENTIMENT. THE MARKET BREADTH WAS NEGATIVE, COMPARED WITH A STRONG BREADTH EARLIER IN THE DAY. BANKING AND METAL STOCKS FELL. AUTO STOCKS BUCKED THE WEAK MARKET. STOCKS WERE VOLATILE AS TRADERS ROLLED OVER POSITIONS IN THE DERIVATIVES SEGMENT FROM THE NEAR-MONTH OCTOBER 2010 SERIES TO NOVEMBER 2010 SERIES AHEAD OF THE EXPIRY OF THE OCTOBER 2010 CONTRACTS.

TODAY MARKETS LOOKS FLAT TO NEGATIVE ON THE OPENING BASIS TRACKING WEAK CLOSING OF EUROPEAN MARKETS AND FLAT CLOSING OF AMERICAN MARKETS. WE MAY SEE NIFTY TO BE RANGE BOUND IN TODAYS TRADE AS WE ARE IN THE LAST LEGS OF CONTRACT CLOSING FOR THE CURRENT MONTH. IF NIFTY TRADES BELOW 6087 THEN LIKELY TO MAKE ITS DOWNWARD JOURNEY TO 6060 AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY DOWN TO 6016. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 6038 THEN WE CAN SEE NIFTY TO MOVE UP TO 6055 BREAK ABOVE THIS POINT WILL TAKE IT FURTHER UPSIDE TO 6080 LEVELS AND ANY CLOSE ABOVE THIS POINT ONE CAN SEE NIFTY TO MOVE HIGHER. IF NIFTY TRADES ABOVE 6087 ONE CAN SEE THAT NIFTY IS ON THE POSITIVE WAVE AND ONE CAN REMAIN LONG ON EVERY DECLINE BUT IF NIFTY CLOSES BELOW 6087 THEN ONE IS ADVISED TO EXIT LONGS AND GO SHORT.

BUY DENA BANK SL 136.80 TGT 142/146/148
BUY TRIVENI SL 121.40 TGT 124/125.70/126.70 (SHORT TERM 150)
BUY FIRST LEASING SL 86.30 TGT 91/94/98
BUY JINDAL POLYFILMS SL 666 TGT 683/699/708
BUY TATA ELXSI SL 289 TGT 298/305/309
BUY UCO BANK SL 134 TGT 136.40/137.60/138.65

POSITIONAL TRADES
BUY SUBEX TGT 85

INTRADAY TIPS FOR 26 OCTOBER 2010

GOOD MORNING!!!

THE MARKET EDGED HIGHER IN EARLY TRADE ON FIRM ASIAN EQUITIES AND GLOBAL MARKETS HELPED INDIAN STOCKS TO MOVE HIGHER AND HIGHER IN THE OPENING TRADE ALONG WITH STRONG Q2 RESULTS WHICH HELPED INDICES TO TAKE-OFF AND HIT FRESH INTRADAY HIGHS IN THE MORNING TRADE. SOON AFTER HITTING INTRADAY HIGHS IN INDICES MARKETS TRADED NARROWLY FOR SOMETIME AND STARTED GIVING AWAY THE GAINS. STOCKS BECAME VERY VOLATILE AS TRADERS ROLLED OVER POSITIONS IN DERIVATIVE SEGMENT FROM CURRENT MONTH TO THE NEXT CONTRACT. SHARES OF IT BELLWETHER INFOSYS FELL WHICH HAS IMPACTED THE MARKETS AS WELL, MARKET BREADTH WAS STRONG. HIGH BETA METAL AND REALTY STOCKS ROSE ALONG WITH CONSUMER DURABLES, CEMENT AND AUTO STOCKS ALSO CONTRIBUTED TO THE RISE. THE TRADE DEFICIT NARROWED TO $9.12 BILLION IN SEPTEMBER 2010 FROM A 23-MONTH HIGH OF $13.06 BILLION IN AUGUST 2010. EXPORTS IN SEPTEMBER 2010 ROSE AN ANNUAL 23.2% TO $18.02 BILLION, WHILE IMPORTS FOR THE MONTH GREW 26.1% ON THE YEAR TO $27.14 BILLION.

TODAY MARKETS LOOK POSITIVE TRACKING POSITIVE CLOSING OF US AND EUROPEAN MARKETS AND STRONG OPENING OF ASIAN STOCKS. IF NIFTY TRADES ABOVE 6150 THEN LIKELY TO MOVE UP TO 6180 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6200. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 6111 THEN LIKELY TO COME DOWN TO 6075 AND THEN TO 6036 LEVELS ONE IS ADVISED TO STAY CAUTIOUS IN THE CURRENT CONDITIONS AS THE MARKET IS VERY VOLATILE. IF NIFTY CLOSES BELOW 6050 THEN ONE IS ADVISED TO STAY AWAY FROM LONGS.

BUY ALOK TEXTILES SL 25.40 TGT 26.10/26.55/26.80 (SHORT TERM 29.40)
BUY KS OILS SL 58.40 TGT 59.90/60.80/61.90 (SHORT TERM 65)
BUY GITANJALI GEMS SL 287.25 TGT 299/306/310
BUY CENTRAL BANK OF INDIA SL 237 TGT 243/247/253

POSITIONAL TRADES
BUY MANGALORE CHEM TGT 55/60*
BUY EKC TGT 160/185
BUY SCI TGT 220

INTRADAY TIPS FOR 22 OCTOBER 2010

GOOD MORNING!!!

STRONG OPENING TRACKING US, EUROPEAN STOCKS CLOSING AND ASIAN STOCKS OPENING MADE STOCK INDICES SURGE BEYOND IMAGINATION GUIDING WEAK MARKETS INTO A STRONG ZONE. HEAVY, CONTINUAL AND SUSTAINED BUYING INTEREST FROM FOREIGN FUNDS KEPT STOCK MARKETS TO SURGE HIGH AND HIGH. MARKETS INCHED UP HIGHER ON STRONG RESULTS OF Q2 AND THERE AFTER IN THE MID AFTERNOON ON DATA SHOWING EASING OF INFLATION INDEX ALSO SUPPORTED STOCKS TO MOVE FURTHER HIGH THERE BY HITTING NEW INTRADAY HIGHS. ALL THE SECTORAL INDICES WERE IN GREEN, MARKET BREADTH WAS STRONG IN THE OPENING OF THE TRADE AND CONTITUED TO GET STRONGER AND STRONGER AS THE DAY PASSED BY. FMCG, BANKING, METALS AND REALTY STOCKS ROSE.

TODAY MARKETS LOOKS POSITIVE AND IF NIFTY TRADES ABOVE 6138 THEN LIKELY TO MAKE ITS UPWARD JOURNEY TO 6166 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6186 LEVELS AND FURTHER MAY HAVE RESISTANCE AROUND 6206 LEVELS. ON THE DOWNSIDE IF NIFTY TRADES BELOW 6120 THEN LIKELY TO MAKE ITS MOVE DOWN TO 6100 AND ANY BREAK BELOW THIS LEVEL WILL DRAG FURTHER DOWN TO 6078 LEVELS AND THEN TO 6042 LEVELS. ONE IS ADVISED TO STAY CAUTIOUS AT EVERY HIGHER LEVEL. IF NIFTY CLOSES ABOVE THE TODAYS OPEN THEN ONE CAN STAY LONG.

BUY TULSI EXTRUSION SL 92 TGT 98/102/105
BUY ALEMBIC SL 70 TGT 72.50/74/75*
BUY PTC SL 134 TGT 136.35/138/139.35
BUY UNITED PHOS SL 204 TGT 211/214/216.7

INTRADAY TIPS FOR 21 OCTOBER 2010

GOOD MORNING!!!

MARKET BOUNCED BACK AFTER A WEAK OPENING AS MOST ASIAN STOCKS RECOVERED FROM INITIAL LOSSES TRIGGERED BY A SURPRISE RATE HIKE BY CHINA. BUT, THE INTRADAY RECOVERED PROVED SHORT-LIVED AS THE INDICES SLIPPED INTO THE NEGATIVE ZONE THERE WAS IMMENSE VOLATILITY DURING THE TRADE AND EXTENDED LOSSES TO SLIDE TO THE DAY'S LOWS IN THE AFTERNOON TRADE. THE MARKET BREADTH WAS WEAK, IN CONTRAST WITH A STRONG BREADTH IN MORNING TRADE. METALS WERE THE WORST HIT ON THE BACK OF AN OVER 2% SLIDE IN METAL PRICES ON THE LONDON METAL EXCHANGE ON TUESDAY. FRESH SELLING PULLED THE MARKET TO DAY'S LOW IN EARLY AFTERNOON TRADE. THE MARKET MOVED BETWEEN POSITIVE AND NEGATIVE TERRAIN AFTER RECOVERING SHARPLY FROM THE DAY'S LOW IN AFTERNOON TRADE. A SELL-OFF IN LATE TRADE DRAGGED MARKET TO THE DAY'S LOW.

TODAY MARKET LOOKS RANGE BOUND, WITH THE US AND EUROPE INDICES CLOSING IN GREEN AND ASIAN STOCKS OPENED POSITIVE WE EXPECT MARKETS TO OPEN POSITIVE IN THE OPENING TRADE AND CONTINUE TO REMAIN UNDER PRESSURE ON EVERY UPSIDE. IF NIFTY TRADES ABOVE 6025 THEN LIKELY TO MOVE UPTO 6050 LEVELS AND BREACH ABOVE THIS POINT WOULD TAKE NIFTY TO 6080 LEVELS AND ANY TRADE ABOVE THIS POINT WOULD TAKE IT TO 6098 LEVELS AND ANY CLOSE ABOVE 6127 WOULD TAKE NIFTY TO A POSITIVE ZONE. ON THE NEGATIVE ZONE IF NIFTY TRADES BELOW 6007 THEN LIKELY TO DECLINE DOWN TO 5980 LEVELS AND BELOW THAT LIKELY TO DRAG DOWN TO 5960 LEVELS AND ANY CLOSE BELOW 5960 WOULD DRAG NIFTY TO 5840 LELVELS IN SHORT TERM. ONE CAN BE SHORT BELOW 6127 LEVELS AND TRY TO SQUARE OFF ALL YOUR SHORTS IF NIFTY CLOSES ABOVE 6127 LEVELS. WE MAY SEE FERTILIZERS STOCKS TO MOVE AND WE SEE STOCK SPECIFIC AND SECTOR SPECIFIC MOVES IN THE MARKETS.

BUY GSPL SL 124 TGT 127.5/129.25/132
BUY REI AGRO SL 25.40 TGT 26.25/26.75/27.40 (SHORT TERM 31)
BUY BALLRPUR INDS SL 37.40 TGT 38.50/39.25/40.30
BUY FIEM INDS SL 192 TGT 200/206/211*
BUY TATAMTRDVR SL 800 TGT 824/836/857 (SHORT TERM 1000/1150)*
BUY MERCK LTD SL 895 TGT 930/955/992*
POSITIONAL TRADES
BUY IDBI TGT 200
BUY ALOK TEXT TGT 30
BUY EID PARRY TGT 625*

INTRADAY TIPS FOR 20 OCTOBER 2010

GOOD MORNING!!!

MARKETS OPENED FIRM AND POSITIVE AND WAS TRADING IN A NARROW RANGE BOUND UNTIL AFTERNOON AND SUDDENLY WITH A POSITIVE BUYING MARKETS STARTED TO MOVE UP IN A VERY SHORT SPAN IN TIME BUT COULDN’T HOLD THE MOMENTUM MUCH LONGER AND MARKETS ALL OF A SUDDEN WITNESSED A GOOD SELL-OFF IN THE MID AFTERNOON TRADE FOLLOWED BY A GOOD RALLY. MARKETS WERE IMMENSELY VOLATILE DURING TILL THE MID AFTERNOON. THE MARKET BREADTH WHICH WAS STRONG FOR MOST PART OF THE DAY, TURNED NEGATIVE IN LATE TRADE. IT STOCKS DECLINED IN VOLATILE TRADE TRACKING WEAKNESS IN TECH STOCKS IN ASIA TRIGGERED BY APPLE'S WEAKER-THAN-EXPECTED IPAD SALES.

TODAY WE MAY LIKELY TO SEE SOME PRESSURE ON THE OPENING OF THE TRADE WITH AMERICAN MARKETS CLOSING WEAK AND ASIAN MARKETS LIKELY TO OPEN WEAK. IF NIFTY TRADES BELOW 6025 LEVELS THEN MARKETS LIKELY TO DIP DOWN TO 6000 WHICH WILL ACT AS A PSYCHOLOGICAL SUPPORT AND BREACH BELOW THIS WOULD DRAG NIFTY TO 5970 LEVELS AND THEN TO 5940 AND ANY BREAK BELOW THIS POINT WOULD FURTHER DRAG IT DOWN TO 5900 LEVELS AND ON THE UPSIDE IF NIFTY TRADE ABOVE 6040 THEN LIKELY TO MOVE UP TO 6070 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6112 LEVELS. NIFTY IS NEGATIVELY BIASED RIGHT AT THIS STAGE AND LIKELY TO REMAIN UNDER PRESSURE FOR ANOTHER FEW TRADING SESSION IT IS WISE AS TOLD IN YESTERDAYS BLOG DON’T GO LONG AT THIS STAGE AND NEITHER SHORT AT THE CURRENT LEVELS ONE CAN STAY OUT AS THERE IS ANYWAY NOT THE IDEAL TIME TO SHORT OR GO LONG AT THIS STAGE MAY BE AFTER A SHORT SPAN OF DECLINE OR AFTER A SHORT RETRACEMENT WE ARE LIKELY TO PULL UP ABOVE RECENT HIGHS AND WE CAN BREACH HISTORIC HIGHS ON NIFTY. WAIT FOR THE MOMENT AND TRADE CAUTIOUSLY.

BUY UTTAM GALVA SL 157.40 TGT 162/165/168
BUY PIRAMAL HEALTHCARE ABOVE 543 SL 535 TGT 550/555/564 (SHORT TERM 650)
BUY PTC ABOVE 128.65 SL 127.40 TGT 130/131.80/134.50

INTRADAY TIPS FOR 19 OCTOBER 2010

GOOD MORNING!!!

ENTIRELY NEW OPENING RULES HAVE MADE MARKET MEN STRANGE WITH THE WEIRD QUOTES DURING THE 15 MINUTE PRE OPENING SESSION THAT HAS STARTED IN BOTH THE EXCHANGES. MARKETS OPENED ON A NEGATIVE BIAS AND SLOWLY HAS BECOME VERY WEAK AS THE DAY PASSED BY LATER WE HAVE SEEN SMART INTRADAY REBOUND ON THE DOMESTIC BOURSES, AFTER A CONTINUAL SECOND DAY SLIDE THERE WAS SOME BARGAIN HUNTING EMERGED IN THE MARKET. THE RECOVERY WAS SUPPORTED BY L&T, HDFC AFTER REPORTING STRONG Q2 NUMBERS DURING TRADING HOURS ALONG WITH IT ONGC AND RELIANCE GAVE A VERY GOOD RECOVERY WHICH MADE NIFTY TO RECOVER ALMOST 100 POINTS FROM LOWS OF THE DAY. THE MARKET BREADTH WAS WEAK, COMPARED WITH A POSITIVE BREADTH IN THE OPENING TRADE, WEAKENED SOON AFTER A WHILE. HOWEVER BREADTH OF THE MARKET REMAINED WEAK EVEN AFTER THE MARKETS RECOVERED. BANKING AND IT STOCKS WERE SEEN TO HAVE A STRONG INTRADAY REBOUND IN THE TRADE.

TODAY IF NIFTY TRADES ABOVE 6140 LEVELS THEN LIKELY TO MAKE AN UPMOVE TO 6186 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE IT TO 6220 AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 6122 THEN LIKELY TO TAKE SUPPORT AT 6100 AND BREAK BELOW THIS LEVEL WOULD COME DOWN TO 6080 LEVELS AND BREAK BELOW THIS LEVEL WOULD DRAG FURTHER DOWN TO 6040 LEVELS. THOUGH WE HAVE SEEN NIFTY ON THE LAST TRADING SESSION HAS RECOVERED WE DON’T SEE MANY STOCKS REVERSING THEIR TREND TO POSITIVE ZONES, SO IT IS ADVISED TO STILL STAY CAUTIOUS ON THE BUYING SIDE. WE STILL SEE THERE IS SOME NEGATIVE INCLINATION IN THE MARKETS SO STAY CAUTIOUS AND IF YOU SHORT MAKE SURE THAT YOUR STOPLOSS IS 6200 LEVELS.

BUY SASKEN COMMUNICATION SL 216 TGT 222/226/229 (SHORT TERM 250)
BUY BROADCAST INITIATIVES SL 27 TGT 28.40/29.5/30.60
BUY BLB LTD SL 17 TGT 18.30/19.50/20.20
BUY IBREAL SL 204 TGT 211/215/218

INTRADAY TIPS FOR 18 OCTOBER 2010

GOOD MORNING!!!

INDICES HAD A SERIOUS BLOW AFTER A CONTINUAL UPSIDE RALLY QUITE A LONG TIME IN THE INDIAN MARKETS. INDICES PAIRED ITS INITIAL GAINS AS THE STOCKS LED THE SELL-OFF AFTER SECTOR BELLWETHER INFOSYS ANNOUNCED RESULTS BEFORE TRADING HOUR. SENSEX WAS ALMOST DOWN BY 400 POINTS AND CLOSED ALMOST ON THE LOWS OF THE DAY. THE MARKET BREADTH WAS WEAK THOUGH THE START WAS VERY POSITIVE IN THE MARKETS, MARKETS COULDN’T HOLD IT QUITE A LONG AND TURNED VERY WEAK AS THE DAY PASSED BY. ALL THE SECTORAL INDICES SUFFERED SERIOUS BLOWS NO SECTOR WAS IN GREEN. IT, BANKING AND METAL WERE THE WORST HIT AMONGST REST OF THE SECTORAL INDICES. ADDING TO THE PROFIT BOOKING, COAL INDIA IPO HAS SUCKED AWAY SOME LIQUIDITY IN THE MARKETS FOR THE MEGA PUBLIC OFFER.

TODAY WE ARE ENTERING TO A NEW METHOD OF TRADING WHICH IS LIKELY TO REMOVE THE NOISY TRADES IN THE MARKETS, THIS NEW METHOD OF TRADING IS FOR ARRIVING TO THE OPENING PRICE IN THE NIFTY. A VERY GOOD CONCEPT WHICH WILL SAFE GUARD A COMMON MANS INTEREST IN THE MARKETS. AS SEEN IN THE LAST TRADING SESSION WE MAY STILL SEE SOME MORE PRESSURE ADDING IN THE MARKETS FOR ANOTHER COUPLE OF DAYS FOR THE COAL INDIA IPO. THIS MEGA IPO MAY SUCK OUT SOME MORE LIQUIDITY FROM THE MARKETS. TODAY IF NIFTY TRADES BELOW 6075 THEN LIKELY TO CONTINUE ITS DOWNSIDE MOVE TO 6042 LEVELS AND BREACH BELOW THIS LEVEL WOULD TAKE FURTHER DOWN TO 6000 LEVELS AND ANY BREAK BELOW THIS LEVEL WE CAN SEE NIFTY TO COME DOWN TO 5970 LEVELS, ANY CLOSE BELOW 6000 IS CONSIDERED TO BE VERY WEAK. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 6115 THEN LIKELY TO MOVE UP AND MAY FACE RESISTANCE AROUND 6140 LEVELS AND THEN 6186 LEVELS. ANY TRADE ABOVE 6180 MAY TURN MARKET SENTIMENT TO POSITIVE FROM THE CURRENT NEGATIVE SENTIMENT. WE MAY SEE LOT OF PRESSURE IN THE MARKET TO CONTINUE AND STOCK SPECIFIC MOVE IS EXPECTED, STAY CAUTIOUS.

BUY PITTILAMINATION SL 49.4 TGT 52.30/53.90/54.80 (SHORT TERM 70/81)
BUY ORCHID ABOVE 314 SL 309.40 TGT 319/326/330
BUY NAGARJUNA FERT SL 35.40 TGT 36.40/36.90/37.65 (SHORT TERM 45)
BUY INDIA GLYCOLS SL 178 TGT 187/193/200 (SHORT TERM 260)
POSITIONAL TRADES
BUY VST INDUSTRIES TGT 700

INTRADAY TIPS FOR 15 OCTOBER 2010

GOOD MORNING!!!

THE MARKET SURGED IN OPENING TRADE TRACKING FRIM ASIAN STOCKS AND CONSISTANTLY INCREASED BUYING INTEREST FROM FOREIGN FUNDS AND HIT FRESH HIGHS OF 33 MONTHS AND HAS REACHED ALMOST MOST NEAR TO THE HISTORIC HIGHS BUT COULDN’T SUSTAIN FOR LONGER AND MARKETS STARTED LOOSING THE POSITIVE MOMENTUM AND STARTED TO BLEED ON FRESH SELLING IN INDEX PIVOTALS WHICH HAS DRAGGED THE INDICIES TO THE LOWER LOWS OF THE DAY BY THE LATE TRADE. THERE WAS IMMENSE VOLATILITY IN THE TRADE, MARKET BREADTH TURNED WEAK AS THE DAY PASSED BY FROM A VERY STRONG BREADTH. THE ANOTHER REASON FOR PROFIT BOOKING APART FROM FRESH SHORTS ARE DUE TO COAL INDIA PUBLIC ISSUE EXPECTED TO HIT MARKETS NEXT WEEK. TELECOM, CAPITAL GOODS AND BANKING SHARES UNDERWENT SOME CORRECTION AFTER THE RECENT SURGE.

TODAY MARKETS LOOKS NEGATIVELY BIASED AND MAY SEE A VERY VOLATILE SESSION, IF NIFTY TRADES BELOW 6186 THEN LIKELY TO COME DOWN TO 6160 LEVELS AND BREACH BELOW THIS LEVEL WOULD TAKE NIFTY DOWN TO 6127 LEVELS AND ANY CLOSE BELOW 6127 WE WOULD SLIDE DOWN IN COMING DAYS OF THE TRADE. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 6212 THEN LIKELY TO MOVE UP TO 6230 AND BREAK ABOVE THIS POINT WOULD TAKE UP FURTHER TO 6260 LEVELS AND ANY CLOSE ABOVE 6200 IS CONSIDERED TO BE STRONG. MARKETS STILL REMAIN ON STRONG ZONE AND HAS NOT WEAKNED TO THE EXTENT WHERE ONE CAN INITIATE SHORTS ONE CAN INITIATE LONGS IF NIFTY COMES DOWN TO 6150 LEVELS WITH STOPLOSS OF 6125 LEVELS AND IF NIFTY CLOSES BELOW 6125 ONE CAN GO SHORT AND RETAIN THE POSITION. TODAY THE MAJOR TRIGGER IS Q2 EARNINGS FOR INFOSYS AND Q2 SEPTEMBER RESULTS WOULD BE THE KEY FOR MARKETS TO KEEP UP THE MOMVEMENT. Q2 WOULD ACT AS A MAJOR TREND DECIDER IN THE COMING DAYS.

BUY NAGARJUNA FERTILIZERS ABOVE 36.30 SL 35.75 TGT 37.25/38/38.90
BUY CHAMBAL FERT SL 89.25 TGT 93.95/97/98.85
BUY TTML SL 23.80 TGT 24.70/25.10/25.5
BUY RAMCO SYSTEMS SL 140 TGT 146/151/155* (SHORT TERM 185)

POSITIONAL TRADE
BUY SUBEX AZURE SL 58 TGT 72/85/98

INTRADAY TIPS FOR 14 OCTOBER 2010

GOOD MORNING!!!

MARKETS EDGED HIGHER IN THE MORNING SESSION TRACKING FIRM ASIAN STOCKS. AFTER WITNESSING NEGATIVELY BIASED SIDE WAY MOVEMENT FOR THE PAST SEVEN DAYS MARKETS HAVE YET AGAIN PROVED ITS STRENGTH BY HITTING NEW HIGHS OF THE RECENT PAST. AFTER THE INITIAL SURGE IN THE MARKETS FURTHER UPSIDE WAS SUPPORTED BY EUROPEAN STOCKS WHICH OPENED HIGHER IN THE OPENING TRADE. WORLD STOCKS ROSE ON GROWING EXPECTATIONS THAT THE US FEDERAL RESERVE WILL TAKE FURTHER MEMASURES TO BOOST THE SLOWING ECONOMIC RECOVERY. THE MAREKT BREADTH WAS STRONG ALL THE SECTORAL INDICES WERE IN GREEN. IT, BANKING, REALTY AND FMCG STECTORS LED THE RALLY. FEW FRONT END COUNTERS HAVE RECORDED THEIR NEW HIGHS OF THE YEAR. MARKETS ENDED ON A VERY STRONG NOTE.

TODAY MARKETS MAY OPEN POSITIVE IF NIFTY TRADES ABOVE 6282 THEN LIKLEY TO RESIST AT 6300 LEVELS AND ANY BREAK AND TRADE ABOVE THIS POINT WOULD TAKE NIFTY TO HISTORIC HIGH I.E., BEYOND 6336 ONE SHOULD BE VERY WATCHFUL FROM HERE ON WE MAY ONLY SEE VERY VERY STOCK SPECIFIC MOVE FROM HERE. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 6248 THEN MAY LIKELY TO MOVE DOWN TO 6216 LEVELS AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 6197 LEVELS AND ANY CLOSE BELOW 6197 WOULD DRAG NIFTY TO 6160. AS LONG AS NIFTY TRADES ABOVE 6200 FOR NOW WE CAN STAY INVESTED IN NIFTY ONE IS ADVISED NOT TO REMAIN IN SHORT ANTICIPATING A FALL, WE HAVE BEEN REITERATING THIS QUITE FOR A LONG TIME BEAR IN MIND WHENVER THERE IS SELLING OPPORTUNITY WE SHALL INFORM YOU IN THE SITE.

BUY UFLEX SL 286 TGT 298/308/315
BUY KARTURI SL 31.70 TGT 33.65/34.90/35.75
BUY GULF OIL CORP SL 120.20 TGT 127/130/133 (SHORT TERM 155)

INTRADAY TIPS FOR 13 OCTOBER 2010

GOOD MORNING!!!

MARKETS OPENED LITTLE HIGHER ON THE OPENING AND SOON WEAKEND IN A SPAN OF SECONDS TRACKING WEAK ASIAN STOCKS, STOCKS EXTENEDED LOSSES IN THE EARLY TRADE AND IN THE MID AFTERNOON THERE WAS SLIGHT RECOVERY BUT THE RECOVERY PROVED TO BE SHORT LIVED BUT LATER WITH THE RECOVERY IN THE EUROPEAN AND US INDICES FROM THE STEEP INTRADAY SLIDE, MARKETS HAVE RECOVERED A BIT. THE MARKET BREADTH WAS NEGATIVE, IN CONTRAST WITH POSITIVE BREADTH EARLIER IN THE DAY. CAPITAL GOODS, REALTY AND METAL STOCKS FELL. BUT, IT STOCKS ROSE ON EXPECTATIONS OF STRONG Q2 SEPTEMBER 2010 RESULTS. BANKING STOCKS AND SOME AUTO SHARES CAME OFF LOWS AS SLOWDOWN IN INDUSTRIAL PRODUCTION GROWTH IN AUGUST2010. INTRADAY VOLATILITY WAS IMMENSE. THE MOST DISAPPOINTING WAS THE IIP DATA ACCORDING TO THE SOURCES THE INDUSTRIAL PRODUCTION ROSE AT A MUCH SLOWER-THAN-EXPECTED 5.6% IN AUGUST 2010 FROM A YEAR EARLIER, SHARPLY LOWER THAN THE PREVIOUS MONTH'S REVISED 15.2% GROWTH, MANUFACTURING OUTPUT ROSE AN ANNUAL 5.9% IN AUGUST 2010, LOWER THAN A 10.6% RISE IN AUGUST 2009. INDUSTRIAL PRODUCTION GROWTH FOR JULY 2010 WAS REVISED UPWARDS TO 15.2% FROM 13.8% EARLIER. OUTPUT IN THE MINING SECTOR ROSE 7% VERSES 11% RISE IN AUGUST 2009 AND ELECTRICITY GENERATION ROSE JUST 1% FROM A 10.6% GROWTH IN AUGUST 2009. INTERMEDIATE GOODS PRODUCTION ROSE 10% VERSES A 10.4% RISE IN AUGUST 2009 AND BASIS GOODS PRODUCTION ROSE 3.7% VERSES A 7.7% RISE IN AUGUST 2009. CAPITAL GOODS PRODUCTION CONTRACTED 2.6% IN AUGUST 2010 VERSES A 9.2% GROWTH IN AUGUST 2009. PRODUCTION OF CONSUMER GOODS ROSE 6.9%, LOWER THAN A 10.9% GROWTH IN AUGUST 2009. WITHIN THE CONSUMER GOODS SEGMENT, THE CONSUMER DURABLES SECTOR PUT UP A STRONG SHOWING. PRODUCTION OF CONSUMER DURABLES JUMPED 26.5% VERSES A 24.7% GROWTH IN AUGUST 2009. BUT, PRODUCTION OF CONSUMER NON-DURABLES CONTRACTED 1.2% VERSES A 6.1% GROWTH IN AUGUST 2009.

TODAY MARKET LOOKS NARROWLY RANGE BOUND, IF NIFTY TRADES BELOW 6115 THEN LIKELY TO DIP DOWN TO 6100 AND BREAK BELOW THIS LEVEL IT WILL DRAG NIFTY DOWN TO 6068 AND FURTHER BELOW THIS WOULD TAKE SUPPORT AT 6050 LEVELS. NIFTY HAS SHORT TERM SUPPORT AT AROUND 5997 LEVELS AND MAJOR SUPPORT AT 5840 LEVELS. ON THE UPSIDE IF NIFTY TRADES ABOVE 6136 THEN LIKELY TO MAKE AN UPMOVE TO 6156 AND ABOVE THAT LEVEL 6184 LEVELS, ANY CLOSE ABOVE 6170 LEVELS IS AGAIN CONSIDERED TO BE POSITIVE IN TERMS OF NIFTY.

BUY JBF IND SL 176.40 TGT 181/183/185
BUY KPIT SL 175 TGT 180/184/188 (SHORT TERM 220)
BUY SCI SL 187 TGT 192/194/196
BUY GHCL SL 51 TGT 52.40/52.75/53.40 (SHORT TERM 56)
BUY MUDRA LIFESTYLE SL 53 TGT 54.65/55.40/56.60 (SHORT TERM 68/75)
POSITIONAL TRADES
BUY APOLLO TYRES TGT 105
BUY IFCI TGT 100

INTRADAY TIPS FOR 12 OCTOBER 2010

GOOD MORNING!!!

KEY INDICES EDGED HIGHER AFTER TWO DECLINING DAYS. WORLD STOCKS ROSE ON THE ANTICIPATION OF US FED RESERVE WILL STEP INTO BOOST THE ECONOMY, THE MARKET SURGED IN EARLY TRADE, TRACKING HIGHER ASIAN STOCKS. THE SENSEX PARED GAINS SOON AFTER AN INITIAL SURGE, THE MARKETS FURTHER WEAKENED IN MID MORNING TRADE WHEN COMPARED TO THE INITIAL OPENING OF THE TRADE, MARKETS EXTENDED GAINS IN THE LATE AFTERNOON TRACKING EUROPEAN INDICES. MID CAP AND SMALL CAP INDICES OUTPERFORMED SENSEX. THE BREADTH OF THE MARKET WAS STRONG. EUROPEAN MARKETS EDGED HIGHER WEAKER THAN EXPECTED US JOBS DATA FUELLED EXPECTATIONS THAT THE US FEDERAL RESERVE WILL EMBARK ON A SECOND ROUND OF QUANTITATIVE EASING TO SUPPORT THE ECONOMY.

TODAY WE MAY TRADE IN A RANGE BOUND AND STOCK SPECIFIC MOVES EXPECTED THOUGH THERE IS NOTHING GREAT VALUE IN FRONT END COUNTERS WE HAVE LOT OF MOVEMENT TO BE EXPECTED IN MIDCAPS. ALL EYES ARE ON Q2 AND IIP NUMBERS. ONE IS ADVISED TO BE CAREFULLY CHOOSE THE STOCKS. IF NIFTY TRADES ABOVE 6176 THEN ONE CAN SEE NIFTY TO MOVE UP TO 6197 LEVELS AND ANY BREAK ABOVE THIS POINT AND CROSSING 6200 WE WOULD SEE FURTHER GAINS IN NIFTY AND MAY RESIST AROUND 6214 AND ANY UPMOVE SUPPORTED BY VOLUMES WOULD TAKE IT TO 6248 LEVELS ANY CLOSE ABOVE 6200 IS CONSIDERED TO BE BULLISH. ON THE NEGATIVE SIDE IF NIFTY TRADE BELOW 6155 THEN LIKELY TO DIP DOWN TO 6120 AND BREAK BELOW THIS LEVEL WOULD TAKE SUPPORT AROUND 6104 LEVELS AND FURTHER BREACH BELOW PSYCHOLOGICAL LEVELS OF 6100 WOULD PUT NIFTY UNDER PRESSURE AND CAN SLIDE DOWN TO 6068 LEVELS. WE MAY SEE VERY STOCK SPECIFIC MOVES IN MIDCAPS AND WATCH OUT FOR FERTILIZER STOCKS. BE CAUTIOUS ON THE HIGHER SIDE OF THE MARKETS.

BUY RECLTD SL 398 TGT 406/411/415
BUY UFLEX SL 252 TGT 263/270/274
BUY JINDAL POLY SL 1266 TGT 1342/1390/1421
BUY NAGARJUNA FERTILIZERS SL 33.80 TGT 34.95/35.70/36.10
BUY CHAMBAL FERTILIZERS SL 81 TGT 84/86/88
OPTIONS : BUY HERO HONDA 1900 CA BELOW 30 TGT 100/125/150 (MAXIMUM RISK IS 125*30 = 3750)

POSITIONAL TRADES
BUY KS OILS TGT 65
BUY REI AGRO TGT 30

INTRADAY TIPS FOR 11 OCTOBER 2010

GOOD MORNING!!!

SELLING ACTIVITY BY DOMESTIC FUNDS AND RETAIL INVESTORS GOT INTENSIFIED ON THE CONCERNS OF STRETCHED VALUATION AND CAUTION AHEAD OF Q2 SEPTEMBER HAVE PAVED MARKETS TO CORRECT DESPITE MOMENTUM OF FOREIGN FUNDS ON THE BUYING CONTINUED. INVESTORS ALSO ENDED UP BOOKING SOME PROFIT AND RETAIN THE CASH TO APPLY FOR THE INDIAS LARGEST IPO OF COAL INDIA WHICH IS EXPECTED TO OPEN ITS BIDDING ON 18 OCTOBER 2010. MARKETS FELL AROUND ONE PERCENT IN THE LAST TRADING SESSION, THOUGH MIDCAPS INDIEX AND SMALL CAP INDEX HOGGED SOME GAINS. FOREIGN FUNDS CONTINUED THEIR BUYING STRATEGY OPEN AND HAVE CROSSED ALL THE THRESHOLDS OF PREVIOUS INFLOWS IN THE HISTORY. THE NEXT MAJOR TRIGGER FOR THE STOCK MARKETS IS Q2 SEPTEMBER RESULTS WHICH IS LIKELY KICK START NEXT WEEK.

TODAY MARKETS WOULD TRADE FLAT AND IN A NARROW RANGE IF NIFTY TRADES ABOVE 6168 THEN ONE CAN SEE NIFTY TO MOVE UP TO 6185 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6216 LEVELS AND CLOSE ABOVE 6216 IS CONSIDERED TO BE VERY BULLISH AND WE WOULD BREAK NEW HIGHS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 6120 THEN WE MAY LIKELY TO SEE 6092 LEVELS AND ANY BREAK BELOW 6092 WOULD TAKE NIFTY TO 6072 LEVELS WHERE THIS MAY TAKE SUPPORT FOR NIFTY AND BREAK BELOW THIS LEVEL WOULD SEE FURTHER DECLINE TO 6040 LEVELS. WE MAY SEE SOME BOUNCE BACK SOON AFTER 6040 LEVELS, IF MARKET IS SUPPORTED BY FOREIGN INVESTMENTS WITH ITS INFLOWS THEN WE MAY AGAIN HEAD UPWARDS AFTER 6000 TO 6040 LELELS ARE ATTAINED. ONE NEEDS TO BE VERY CAUTIOUS AT EVERY HIGHER LEVELS.

BUY INDIABULLS FINANCIALS SL 181 TGT 187/192/195.5
BUY CIPLA SL 337.40 TGT 342.50/344.30/345.60
BUY ABG SHIPYARD SL 291 TGT 299.60/304.50/307.20
BUY HEXAWARE SL 82.40 TGT 85/86.15/88
POSITIONAL TRADES.
BUY IFCI TGT 81 (ONE CAN BUY OPTIONS TO REDUCE RISK)

INTRADAY TIPS FOR 08 OCTOBER 2010

GOOD MORNING!!!

MARKETS OPENED FIRM AND TRADED IN A NARROW RANGE BAND TILL MID AFTERNOON AFTER THE EUROPEAN MARKETS OPENED MARKETS STARTED MOVING UP HIGHER AND BREACHED THE INTRADAY HIGHS AND THERE ON MARKETS STARTED SLOWLY GIVING AWAY THE GAINS OF THE INTRADAY AND STARTED WEAKENING FURTHER AND BREACHED INTRADAY LOWS AND STARTED LOOSING ITS STRENGTH INCH BY INCH AND TURNED WEAK AND THE STRENGTH OF THE MARKETS TURNED WEAK AT THE END OF THE DAY ON THE CLOSING. SELLING VOLUME WHEN COMPARED TO THE BUYING VOLUMES WAS HIGHER THE RECOVERY AT THE END THOUGH SEEMED TO BE GOOD BUT THE VOLUMES OF RECOVERY WAS VERY LOW WHICH IS AGAIN CONSIDERED TO BE WEAK CLOSING. REALITY WAS THE BIGGEST LOOSER IN THE SECTORAL INDICES AND IT STOCKS ALSO FELL.

TODAY MARKETS LOOK WEAK AND VOLATILE, IF NIFTY TRADES BELOW 6135 IT IS LIKELY TO COME DOWN TO PSYCHOLOGICAL SUPPORT 6100 AND ANY BREAK WOULD TAKE NIFTY DOWN TO 6070 LEVELS AND BREAK BELOW THIS LEVEL WILL FIND ITS SUPPORT AROUND 6042. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 6175 ONE CAN INITIATE LONGS ON INTRADAY BASIS FOR A TARGET OF 6197 AND BREAK ABOVE THIS POINT WOULD TAKE IT FURTHER UPSIDE TO 6228. ON A POSITIONAL FRONT NIFTY HAS ENTERED INTO A PHASE OF NEGATIVE ZONE AND LIKELY TO REMAIN UNTIL THE PREVIOUS HIGHS IE., 5249 IS BREACHED. ONE CAN STAY SHORT WITH A STOPLOSS OF 6249. ONE IS ADVISED TO STAY AWAY FROM THE COUNTERS AT THIS STAGE AS MARKETS HAVE OVERSTRETCHED AND ONLY STOCK SPECIFIC MOVES MAY CONTINUE. AVOID OVER BUYING STAY ON CASH TO THE MAXIMUM POSSIBLE LEVELS.

BUY TULSI SL 76.50 TGT 80/82/83.65
BUY GLORY SL 18.75 TGT 19.70/20.30/20.65

INTRADAY TIPS FOR 07 OCTOBER 2010

GOOD MORNING!!!

MARKETS OPENED WITH A BIG BANG OF 71 POINTS AND STARTED SLOWLY GIVING AWAY ALL THE GAINS AND AT ONE POINT IT WAS ALMOST TO 10 POINTS AND FROM THERE MARKETS STARTED RECOVERING TRACKING STRONG EUROPEAN BREEZE AND MOVED UP TO HOG DECENT GAINS AND CLOSED AT 40 POINTS IN NIFTY. WE HAVE SEEN LARGE CHUCK 0OF MIDCAPS OUTPERFORMING THOUGH INDEX STOCKS REALLY DIDN’T MOVE. VERY STOCK SPECIFIC MOVEMENT WAS WITNESSED IN THE MARKETS.

TODAY WE MAY OPEN FLAT TRACKING MIXED CLOSED IN US INDICES AND FLAT OPENING IN ASIAN STOCKS. STOCK SPECIFIC MOVE MAY BE WITNESSED AND MID CAPS JUST STARTED THEIR RALLY WE MAY SEE NIFTY TO MOVE SIDELINES BUT FEW MIDCAP STOCKS MAY OUTPERFORM TRADES. IF YOU BROADLY LOOK AT MARKETS THOUGH THEY HAVE GONE UP SUBSTANTIALLY HIGHER LOT OF MIDCAPS ARE TRADING LOWER THAN WHERE THEY ARE TO BE TRADED, SO THERE IS EVERY SCOPE IN STOCK SPECIFIC. TODAY IF NIFTY TRADES ABOVE 6230 THEN LIKELY TO MAKE ITS MOVE UPTO 6250 LEVELS AND ANY BREACH ABOVE 6250 WE MAY SEE ANOTHER RALLY UPSIDE. ON THE DOWNSIDE IF NIFTY TRADES BELOW 6198 THEN LIKELY TO TAKE SUPPORT AROUND 6175 LEVELS AND ANY BREACH BELOW THIS LEVEL WOULD DRAG NIFTY TO 6150 AND ANY CLOSE BELOW 6150 WOULD TAKE NIFTY TO 6070 LEVELS.

BUY GSPL SL 117 TGT 119.20/120/121.70
BUY IBREAL SL 197 TGT 203/208/213
BUY JP ASSOCIATES SL 136.40 TGT 140.40/142.65/145.75
BUY UNITECH SL 96.90 TGT 98.90/99.80/101.40
BUY NOCIL LTD SL 25 TGT 26.40/27.20/28.45 (SHORT TERM 35)
BUY APTECH SL 173.40 TGT 178.50/182/186.50
POSITIONAL TRADES
BUY SCI TGT 240
BUY GMDC TGT 165

INTRADAY TIPS FOR 06 OCTOBER 2010

GOOD MORNING!!!

MARKETS WERE VERY VOLATILE RIGHT FROM THE ONSET OF THE TRADE. INDICES HOVERED UP AND DOWN AND LATE IN THE AFTERNOON MARKETS STARTED AGAIN TO MOVE UP BUY COULD NOT MANAGE TO HOLD THE GAINS AND STARTED GIVING OFF ON PROFIT BOOKING NOTE ON A VOLATILE SESSION AT THE END AND CLOSED ON LOWER LOWS OF THE MARKET. THOUGH MARKETS WERE NEGATIVE MIDCAP STOCKS HAVE OUTPERFORMED. THERE WAS ONLY STOCK SPECIFIC MOVES SEEN IN THE ENTIRE DAY IN ALL THE SESSIONS. ADAG SHARES HAVE HOGGED THE LIMELIGHT AND WERE AMONG THE BEST CONTRIBUTORS IN THE MARKET WITH RELIANCE CAPITAL, RNRL, RPOWER, RELIANCE INFRA AND RELIANCE MEDIA. RELIANCE MEDIA SURGING AS HIGH AS 40% IN A SINGLE DAY AND CLOSED AROUND 37%. BREADTH OF THE MARKET WAS NEGATIVE BUT MARKETS STILL ON A POSITIVE ZONE.

TODAY NIFTY MAY OPEN POSITIVE TRACKING STRONG CLOSING FROM US AND EUROPEAN MARKETS AND POSITIVE OPENING OF ASIAN MARKETS. THOUGH MARKETS CLOSED IN A WEAK TERRITORY ON THE LAST DAY GLOBAL CUES MAY CHANGE THE BREADTH OF THE MARKET. TODAY IF NIFTY TRADES ABOVE 6186 THEN LIKELY TO MOVE UP TO 6214 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6225 LEVELS AND BREACH ABOVE THIS POINT WOULD TAKE A STRONG RESISTANCE AT 6250 LEVELS, ANY CLOSE ABOVE 6225 WOULD BE CONSIDERED TO BE A POSITIVE CLOSING AND WE MAY HEAD HIGHER AND BREACH ALL RECENT HIGHS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 6168 THEN WE CAN SEE NIFTY TO DIP DOWN TO 6150 LEVELS AND BREACH BELOW THIS LEVEL WOULD TAKE NIFTY TO 6100 LEVELS AND ANY CLOSE BELOW 6100 IS CONSIDERED TO BE WEAK AND HEAD TOWARDS MUCH LOWER IN THE NEAR TERM. STAY CAUTIOUS AT EVERY HIGHER LEVELS.

BUY SINTEX SL 430 TGT 451/464/470
BUY RELIANCE CAPITAL SL 854 TGT 870/880/897
BUY ABAN SL 892 TGT 909/916/924
BUY POWER GRID SL 111 TGT 112.65/113.75/114.35 (SHORT TERM 123)
POSITIONAL TRADES
BUY RIIL TGT 1200/1400
BUY ABG SHIPYARD TGT 380
BUY ORCHID TGT 500

INTRADAY TIPS FOR 05 OCTOBER 2010

GOOD MORNING!!!

INDICES OPENED FIRM ON STRONG GAINS AS ASIAN STOCKS SURGED. MARKETS HIT A FRESH 33 MONTH HIGH ON NIFTY THE MARKETS HELD FIRM IN THE MORNING SESSION. STOCKS PARED GAINS IN THE MID MORNING ON PROFIT TAKING ON STRONG RECENT RALLIES. MARKETS FURTHER STARTED WEAKENING TRACKING EUROPEAN STOCKS AND INDEX FUTURES WHICH EDGED LOWER. MARKETS THOUGH VERY STRONG IN THE MORNING GAVE UP AT THE END TURNING A VERY POSITIVE BREADTH TO A WEAK CLOSING AND NEGATIVE BREADTH. RELIANCE INDUSTRIES EDGED HIGHER. BUT, ANOTHER INDEX HEAVYWEIGHT LARSEN & TOUBRO AND INFOSYS FELL. FMCG STOCKS DECLINED. AUTO AND BANKING STOCKS WERE MIXED. ALL IN ALL MARKETS TURNED WEAK AND CLOSED LOWER.

TODAY MARKETS LOOK WEAK AFTER A LONG RUN-UP RIGHT FROM 01 SEPTEMBER WE MAY LIKELY TO RETRACE IF 6248 LEVELS ARE NOT BREACHED FROM THIS LEVEL. IF NIFTY TRADES BELOW 6170 THEN LIKELY TO MAKE ITS DOWN SIDE MOVE TO 6137 LEVELS AND ANY BREAK BELOW THIS POINT WOULD TAKE NIFTY TO 6092 AND ANY CLOSE BELOW 6100 IS CONSIDERED TO BE WEAK AND LIKELY TO DIP DOWN IN THE NEAR FUTURE, ONE IS ADVISED TO STAY SHORT IF NIFTY TRADES BELOW 6100 LEVELS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 6211 THEN LIKELY TO MOVE UP TO 6248 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO FURTHER NEW HIGHS AND EVEN CAN BREAK THE HIGHEST LEVELS OF NIFTY IN THE HISTORY. ONE IS ADVISED TO STAY CAUTIOUS AT EVERY HIGHER LEVELS AS THERE IS EVERY POSSIBILITY THAT MARKETS WOULD COME DOWN VERY FAST.

BUY VIP INDS SL 739 TGT 783/809/825
BUY SESAGOA SL 362 TGT 368/373/375
BUY SINTEX SL 399 TGT 404/407/411
BUY GE SHIPPING SL 325 TGT 330/332/334
NOTE: STAY CAUTIOUS IN THE MARKET, FOLLOW STRICT STOPLOSS.

INTRADAY TIPS FOR 04 OCTOBER 2010

GOOD MORNING!!!

LIGHTENING RALLY IN THE MARKETS WAS WITNESSED RIGHT FROM THE BEGINNING OF THE DAY. KEY INDICES OUT PERFORMED ON THE VERY FIRST DAY OF THE NEW SERIES AND CONTINUED TO MOVE FORWARD INCH BY INCH TILL THE END OF THE TRADING SESSION AND CLOSED AT HIGHER HIGHS. MARKET HIT FRESH HIGHS OF 32 AND HALF MONTHS. MARKET WAS FURTHER SUPPORTED BY GLOBAL STOCKS WITH HAS UNDERPINNED THE SENTIMENT. AUTO, CONSUMER DURABLES, CAPITAL GOODS, METAL AND REALITY STOCKS LED THE RALLY ALL THE SECTORAL INDICES HAVE OUT PERFORMED ON THE FIRST DAY OF THE OPENING CONTRACT. THE MARKET BREADTH WAS STRONG AT THE OPENING AND BECAME MUCH STRONGER AS THE TRADING WENT BY AND CLOSED ON A VERY STRONG NOTE. FOREIGN FUNDS CONTINUE TO AGGRESSIVELY MOP UP INDIAN SHARES. FOREIGN INSTITUTIONAL INVESTORS (FIIS) BOUGHT SHARES WORTH A STAGGERING RS 2496.39 CRORE ON THURSDAY, 30 SEPTEMBER 2010, AS PER THE PROVISIONAL DATA FROM THE STOCK EXCHANGES. FII INFLOW IN SEPTEMBER 2010 TOTALED RS 23612.43 CRORE, AS PER DATA FROM THE STOCK EXCHANGES. FII INFLOW IN THE CALENDAR YEAR 2010 TOTALED RS 43107.53 CRORE (TILL 30 SEPTEMBER 2010).

TODAY MARKET LOOKS POSITIVE ON A STRONG CLOSING ON FRIDAY AND POSITIVE CLOSE IN EUROPE AND AMERICAN MARKETS. MARKETS WOULD BE SUPPORTED BY POSITIVE OPENING IN ASIAN MARKETS. IF NIFTY TRADES ABOVE 6185 THEN LIKELY TO FACE RESISTANCE AROUND 6218 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6246 LEVELS, ANY CLOSE ABOVE 6200 IS CONSIDERED TO BE STRONG. ONE IS ADVISED NOT TO SHORT UNTIL CLEAR INDICATION IS SEEN. ON THE NEGATIVE SIDE IF NIFTY TRADES 6165 THEN LIKELY TO COME DOWN TO 6137 LEVELS AND ANY BREAK BELOW THIS POINT WOULD TAKE NIFTY TO 6105 LEVELS AND ANY CLOSE BELOW 6100 IS CONSIDERED TO BE A LINE OF CAUTION AND ONE IS ADVISED TO EXIT LONGS AND STAY OUT AND ANY CLOSE BELOW 6086 IS CONSIDERED TO BE WEAK AND ONE IS ADVISED TO STAY SHORT ON CLOSING BASIS.
CAUTION: ONE IS ADVISED TO STAY VERY CAUTIOUS IN THE CURRENT MARKETS.
BUY BIRLA CORP SL 427 TGT 440/447/459 (MEDIUM TERM 535)
BUY IDBI SL 157.4 TGT 160/162/165
BUY GLENMARK SL 310 TGT 317/321/324
BUY ESCORTS SL 226 TGT 231/234/236
BUY BHEL SL 2584 TGT 2624/2643/2667 (SHORT TERM 2700)
BUY UNITECH SL 93.80 TGT 96.45/98/100.65

INTRADAY TIPS FOR 01 OCTOBER 2010

GOOD MORNING!!!

THE MARKET MOVED BETWEEN POSITIVE AND NEGATIVE TERRAIN IN EARLY TRADE. IT SLUMPED TO INTRA-DAY LOW IN MORNING TRADE. THE MARKET EXTENDED LOSSES TO HIT FRESH INTRA-DAY LOW IN MID-MORNING TRADE. THE MARKET PARED LOSSES AFTER HITTING FRESH INTRADAY LOW IN EARLY AFTERNOON TRADE. THE INTRADAY RECOVERY GATHERED STEAM IN AFTERNOON TRADE. THE MARKET WEAKENED ONCE AGAIN AFTER TURNING POSITIVE FOR A BRIEF PERIOD IN MID-AFTERNOON TRADE. IT REVERSED LOSSES TO HIT FRESH INTRADAY HIGH IN LATE TRADE. INDICES REVERSED LOSSES TO HIT FRESH INTRADAY HIGHS IN LATE TRADE. INTRADAY VOLATILITY WAS HIGH AS TRADERS ROLLED OVER POSITIONS IN THE DERIVATIVES SEGMENT, FROM THE NEAR-MONTH SEPTEMBER 2010 SERIES, TO OCTOBER 2010 SERIES, AHEAD OF THE EXPIRY. BANKING, METAL AND FMCG LED THE LATE REBOUND. BANKING MAJOR STATE BANK OF INDIA HIT RECORD HIGH. VOLATALITY WAS AT ITS PEAK DURING THE ENTIRE TRADE.

TODAY MARKETS HAVE ENTERED IN A FRESH CONTRACTS, WE MAY HAVE SOME KIND OF CONSOLIDATION IF IT HAS TO BREAK ON THE UPSIDE FROM HERE ON, IF NIFTY TRADES ABOVE 6048 THEN LIKELY TO MOVE UP 6075 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6094 LEVELS AND ANY BREAK OF PSYCHOLOGICAL FIGURE OF 6100 LIKELY TO TAKE NIFTY TO 6156 ON IMMEDIATE BASIS AND ANY CLOSE ABOVE 6050 IS ASLO CONSIDERED TO BE BULLISH. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 6011 THEN LIKELY TO MAKE ITS MOVE TO 5990 AND BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5967 AND CLOSE BELOW 5960 IS CONSIDERED TO BE VERY WEAK.

BUY JAYSHREE TEA SL 200 TGT 204/207/210
BUY DCM LTD SL 126 TGT 131.7/134.6/140
BUY LIBERTY SHOES SL 110 TGT 114.7/116.5/119.40
POSITIONAL TRADES
BUY TERA SOFTWARE TGT 56/66**