INTRADAY TIPS FOR 30 NOVEMBER 2010

GOOD MORNING!!!

INDICES EDGED HIGHER AT THE ONSET OF THE TRADING SESSION TRACKING RECOVERY IN ASIAN STOCKS AND BARGAIN HUNT. LATER, CONTINUED TO REMAIN ON THE POSITIVE ZONE. ALL THE SECTORAL INDICES WERE IN GREEN. THE MARKET BREADTH REMAINED POSITIVE. MARKETS HAVE COMPLETED THE 1ST RETRACEMENT IN NIFTY AND BOUNCED BACK. WE HAVE NOT WITNESSED GREAT BUYING ACROSS THE COUNTERS IN TERMS OF VOLUMES WHICH IS STILL A NEGATIVE FACTOR. ONE HAS TO BE CAUTIOUS GOING FORWARD.

TODAY MARKETS LIKELY TO REMAIN VOLTILE AND RANGE BOUND IF NIFTY TRADES ABOVE 5865 THEN LIKELY TO MAKE ITS UPWARD JOURNEY TO 5900 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5950 ONE HAS TO BEAR IN MIND THAT EVERY HIGHER LEVEL IN NIFTY FROM HERE ON WE MAY WITNESS SOME SELLING TO CROP-IN. IF NIFTY TRADES BELOW 5820 THEN LIKLEY TO MAKE ITS MOVE DOWN TO 5778 AND ANY BREAK BELOW THIS POINT WE MAY SEE NIFTY TO SLIDE DOWN TO 5725 LEVELS AND ANY CLOSE BELOW THIS POINT WE WILL HEAD TOWARDS MUCH DEEPER LEVELS. ONE HAS TO BE VERY CAUTIOUS GOING FORWARD THIS IS NOT THE IDEAL TIME TO BUY IN AS THERE IS STILL NEGATIVE BREADTH IN THE MARKETS. FERTILIZERS AND SUGARS LOOKS GOOD ON INTRADAY PERSPECTIVE.

BUY BGR ENERGY SL 681 TGT 720/732/746

INTRADAY TIPS FOR 29 NOVEMBER 2010

GOOD MORNING!!!

INTRADAY VOLATILITY WAS HIGH. THE MARKET REVERSED DIRECTION SOON AFTER A FIRM START. STOCKS TUMBLED IN MORNING TRADE. THE MARKET RECOVERED IN CHOPPY TRADE LATER AS THE SENSEX AND THE NIFTY CAME OFF TWO-MONTH LOWS. THE RECOVERY GATHERED STEAM IN EARLY AFTERNOON TRADE. THE KEY BENCHMARK INDICES ONCE AGAIN SLIPPED INTO THE RED AFTER TURNING POSITIVE FOR A BRIEF PERIOD IN AFTERNOON TRADE. THE SENSEX SWUNG BETWEEN GAINS AND LOSSES IN MID-AFTERNOON TRADE. THE MARKET WEAKENED AGAIN IN LATE TRADE. INDICES EXTENDED RECENT STEEP LOSSES AS A BANK LOANS BRIBERY SCANDAL AND WEAK GLOBAL STOCKS WEIGHED ON INVESTOR SENTIMENT. INTRADAY VOLATILITY WAS HIGH. WORLD STOCKS FELL AS WORRIES OVER SOVEREIGN-DEBT CONTAGION IN THE EURO ZONE CONTINUED TO ESCALATE. THE MARKET BREADTH WAS EXTREMELY WEAK WITH STOCKS OF A NUMBER OF SMALL AND MID-CAP SHARES FALLING SHARPLY. REALTY AND CONSTRUCTION SHARES SLUMPED, EXTENDING RECENT STEEP LOSSES. FOREIGN FUNDS SOLD EQUITIES WORTH A NET RS 1208.12 CRORE AND DOMESTIC INSTITUTIONAL INVESTORS BOUGHT SHARES WORTH RS 197.77 CRORE ON THURSDAY, 25 NOVEMBER 2010, AS PER PROVISIONAL DATA FROM THE STOCK EXCHANGES. YEAR-END PROFIT TAKING MAY CONTINUE TO WEIGH ON THE THE DOMESTIC BOURSES IN THE NEAR TERM. FUNDS BASED IN US AND EUROPE FOLLOW CALENDAR YEAR AS THEIR ACCOUNTING YEAR. THE MARKET HAS LOST GROUND SOON AFTER HITTING A RECORD CLOSING HIGH EARLY THIS MONTH. SHARES OF SELECT STOCKS COLLAPSED AFTER REPORTS THE SECURITIES & EXCHANGE BOARD OF INDIA IS EXAMINING THE POSSIBILITY OF INSIDER TRADING IN SHARES OF THESE COMPANIES. CENTRAL BANK OF INDIA (DOWN 10.51%), MONEY MATTERS FINANCIAL SERVICES (DOWN 10%), LIC HOUSING FINANCE (DOWN 11.49%) AND PANTALOON RETAIL (DOWN 2.25%) DECLINED.

TODAY NIFTY WOULD TRADE IN A NARROW RANGE BOUND. IF NIFTY TRADES ABOVE 5790 THEN LIKELY TO MAKE ITS UP MOVE TO 5822 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5852 LEVELS BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO FURTHER HIGHS BUT FOR A BRIEF PERIOD OF TIME AND IT WILL NOT SUSTAIN FOR TOO MANY DAYS IT IS LIKELY TO COME DOWN IN A SHORT TERM BUT ONE CAN TAKE 5725 AS A SUPPORT POINT WHERE NIFTY IS LIKELY TO GIVE A SUPPORT AND IF NIFTY COMES BELOW 5727 WITHOUT MOVING UP TO 5900 KIND OF LEVELS THEN WE CAN EXPECT NIFTY TO COME DOWN TO 5500 AS TOLD IN THE PREVIOUS WRITINGS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5765 THEN LIKELY TO COME DOWN TO 5735 AND BREAK BELOW THIS LEVEL CAN DRAG NIFTY TO 5700 ONCE 5725 IS BREACHED IT CLEARLY INDICATES THAT WE CAN SLIDE FURTHER BUY ANOTHER 200 POINTS IN A VERY SHORT TERM AND BREAK BELOW 5700 WE CAN SEE NIFTY TO COME DOWN TO 5650 LEVELS. ONE CAN GO LONG IN NIFTY AROUND 5735 TO 5750 LEVELS WITH A STOPLOSS OF 5725 LEVELS IF NIFTY SUSTAINS 5725 LEVELS THEN WE CAN SEE NIFTY TO GO UP TO 5950 LEVELS BEFORE TAKING ANOTHER DIP. ONCE IF NIFTY BREACHES 5725 THEN WE WILL HEAD DOWN TOWARS 5500 LEVELS. IF NIFTY DOES NOT BREAK 5725 THEN ONE CAN TAKE THIS AS BUYING OPPORTUNITY WITH 5725 AS STOPLOSS FOR A VERY SHORT TERM.

BUY TCS SL 1043.9 TGT 1057/1063/1075
BUY R SYSTEMS SL 119 TGT 121/122/123
POSITIONAL TRADES
BUY EID PARRY TGT 600/700

INTRADAY TIPS FOR 26 NOVEMBER 2010

GOOD MORNING!!!

YET AGAIN A NEW BRIBERY SCANDAL IN THE LAND OF SCANDALS HAS INVITED THE BEARS TO THE LAND OF FINANCIAL MARKETS TO HAVE A PARTY TIME THIS HAVE HIT THEIR LOWEST LEVELS IN MORE THAN TWO MONTHS SOON AFTER BURSTING OF A SCANDAL BY THE CENTRAL BUREAU OF INVESTIGATION ON 24 NOVEMBER 2010, INVOLVING OFFICIALS OF SOME TOP PSU BANKS AND FINANCE FIRMS HURT SENTIMENT FOR THE SECOND DAY IN A ROW. THERE WAS A VERY WILD INTRADAY SWING IN SHARE PRICES AS TRADERS ROLLED OVER POSITIONS IN THE DERIVATIVES SEGMENT FROM THE NEAR-MONTH NOVEMBER 2010 SERIES TO DECEMBER 2010 SERIES. THE MARKET BREADTH WAS WEAK AFTER ALTERNATELY MOVING BETWEEN POSITIVE AND NEGATIVE TERRITORY EARLIER IN THE DAY. BANKING, FINANCIAL, REALTY, CONSTRUCTION, METAL AND PSU STOCKS DECLINED. IT STOCKS ROSE ON IMPROVED ECONOMIC DATA IN US.

TODAY MARKETS WOULD OPEN NEGATIVE AHEAD OF NEW SERIES OF THE MONTH, IF NIFTY TRADES BELOW 5820 THEN LIKELY TO COME DOWN TO 5790 AND BREAK BELOW THIS LEVEL WE CAN SEE NIFTY TO SLIDE DOWN TO 5750 AND THEN TO 5700 LEVELS AND IF NIFTY CLOSES BELOW 5800 THEN WE WILL HEAD FURTHER DOWN. ON THE POSITIVE SIDE ONLY IF NIFTY TRADES ABOVE 5860 THEN ONE CAN THINK OF GOING LONG ONLY IN INTRADAY AND NIFTY MAY FACE RESISTANCE AROUND 5890 AND THEN AT 5909 IT IS ADVISABLE TO STAY AWAY FROM LONGS EVEN AT THIS STAGE.

NO RECOS FOR THE DAY

INTRADAY TIPS FOR 25 NOVEMBER 2010

GOOD MORNING!!!

INDICES EDGED HIGHER AT THE ONSET OF THE TRADING SESSION TRACKING RECOVERY IN ASIAN STOCKS AS CONCERN OVER KOREAN TENSIONS AND CHINESE POLICY TIGHTENING EASED A LITTLE. THE MARKET SLIPPED INTO THE RED FOR A BRIEF PERIOD LATER. LATER, REPORTS FROM NEWS CHANNEL ABOUT A MULTI-CRORE HOUSING LOAN SCAM LED TO A SELL-OFF IN LATE TRADE. BANKING AND REALTY STOCKS LED THE DECLINE ALONG WITH IT SENTIMENT HAS CRUMBLED AFTER US INDEX FUTURES TURNED NEGATIVE FROM POSITIVE. ALMOST ALL THE SECTORAL INDICES WERE IN RED EXCEPT FOR THE FMCG SECTOR. ACCORDING TO MEDIA REPORTS, THE CENTRAL BUREAU OF INVESTIGATION (CBI) HAS CONDUCTED RAIDS ACROSS THE FOUR MAJOR METROS IN CONNECTION WITH THE FAKE HOME LOAN SCAM AND SENIOR OFFICIALS OF ON LIC HOUSING FINANCE, CENTRAL BANK OF INDIA AND BANK OF INDIA HAVE BEEN QUESTIONED. THE MARKET BREADTH TURNED NEGATIVE, IN CONTRAST WITH A STRONG BREADTH EARLIER IN THE DAY. VOLATILITY WAS HIGH AS TRADERS ROLL OVER POSITIONS IN THE DERIVATIVES SEGMENT FROM THE NEAR-MONTH NOVEMBER 2010 SERIES TO DECEMBER 2010 AHEAD OF THE EXPIRY OF THE NOVEMBER 2010 FUTURES & OPTIONS (F&O) CONTRACTS.

TODAY MARKETS WOULD OPEN NEGATIVE AND WOULD BE VOLATILE BUT MAY PULL BACK ON EXPIRY NOTE SO ONE SHOULD KEEP IN MIND THAT THERE WOULD BE VERY HIGH VOLATILITY IN THE ENTIRE DAY AND NIFTY MAY EVEN TEND TO COME INTO POSITIVE ZONE. IF NIFTY TRADES ABOVE 5880 THEN LIKELY TO MOVE UP TO 5910 LEVELS AND ANY BREAK ABOVE THIS POINT WE CAN SEE NIFTY TO 5932 AND AT EVERY HIGHER LEVEL WE CAN SHORT NIFTY WITHOUT ANY HESITATION ON INTRADAY TERMS. BUT IF NIFTY TRADES BELOW 5840 THEN ONE CAN REMAIN SHORT ON THE POSITIONAL FRONT. AND ON INTRADAY TERMS ONE CAN SHORT NIFTY IT IS AROUND 5900 WITH STOPLOSS OF 5910. NIFTY MAY NOT CLOSE MUCH ABOVE TO 5900 LEVELS. MARKETS ARE VERY NEGATIVE AND WE MAY STILL BLEED MUCH MORE. IF THIS NEWS HOUSING SCANDAL REMAINS IN THE NEWS FOR ANOTHER TWO TO THREE DAYS WE MAY SEE BEARS PARTYING IN THE MARKETS.

SELL LIC HOUSING SL 1091 TGT 1051/984/918 (MAY CONTINUE TO BLEED)


BUY CROMPTON GREAVES SL 338 TGT 343/347/349
BUY TVS MOTORS SL 83 TGT 86/88/90
BUY ABG SHIPPYARD SL 444 TGT 456/463/469
BUY APOLLO TYRES SL 64.40 TGT 66/67/68

ONE CAN BUY CALLS WHEN NIFTY TRADES LOWER AND BUY PUTS WHEN NIFTY TRADES HIGHER

NOTE: TRADE WITH STRICT STOPLOSS

INTRADAY TIPS FOR 24 NOVEMBER 2010

GOOD MORNING!!!

INDICES TUMBLED AT THE ONSET OF THE TRADING SESSION AS ASIAN STOCKS FELL ON LINGERING WORRIES ABOUT EUROPE'S DEBT CRISIS. WEAKNESS PERSISTED IN MORNING TRADE, BUT THE INDICES PARED LOSS ON BARGAIN HUNTING. A BOUT OF VOLATILITY WAS WITNESSED IN MID-MORNING TRADE. THE MARKET SLUMPED IN EARLY AFTERNOON TRADE ON THE REPORTS NORTH AND SOUTH KOREA FIRED ARTILLERY SHELLS AT AN ISLAND NEAR THE TWO NATIONS WESTERN BORDER. THE MARKETS COMPLETELY LOST ITS GROUND AS NORTH KOREA REPORTEDLY FIRED ARTILLERY SHELLS ACROSS ITS WESTERN MARITIME BORDER, PROMPTING RETURN FIRE FROM SOUTH KOREA. AT LEAST FOUR SOLDIERS ARE SAID TO HAVE BEEN HURT. MEANWHILE, SOUTH KOREA HAS ISSUED ITS HIGHEST NON-WARTIME ALERT IN RESPONSE. REPORTS INDICATED THAT TODAY'S INCIDENT IS ONE OF THE MOST SERIOUS INCIDENTS BETWEEN THE TWO SINCE THE KOREAN WAR IN THE 1950S. THE INCIDENT COMES DAYS AFTER NORTH KOREA REVEALED IT HAD A MODERN URANIUM ENRICHMENT PLANT, POTENTIALLY GIVING IT A SECOND ROUTE TO A NUCLEAR WEAPON. MARKET STARTED RECOVERING AFTER HITTING TWO MONTH LOW IN THE INDICES.

TODAY MARKETS WOULD OPEN FLAT TO NEGATIVE AND REMAIN UNDER PRESSURE AND WE MAY SEE LOT OF VOLATALITY AS THE TRADE PROCEEDS AS WE ARE NEARING EXPIRY. IF NIFTY TRADES BELOW 5910 THEN LIKELY TO TRADE DOWN TO 5868 LEVELS AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY DOWN TO 5826 AND ANY CLOSE BELOW 5826 WE CAN SEE NIFTY TO COME DOWN BY MORE THAN 5700 AND THEN TO 5540 ANY CLOSE BELOW 5840 WE HAVE SUPPORT ONLY AT 5540 LEVELS SO ONE HAS TO STAY CAUTIOUS IF MARKET BREACHES 5840 LEVELS. ON THE POSITIVE SIDE IF WE HAPPENED TO MOVE UP ONE IS ADVISED TO STAY AWAY UNTIL THE EXPIRY IS OVER. WE HAVE SEEN NIFTY CLOCKING THE HIGHEST VOLUMES IN THE LAST NINE MONTHS OF TRADE THOUGH IT WAS A GREAT AFTERNOON OF RECOVERY WITH BUYING INTEREST SHOWN WITH VOLUMES ONE HAS TO STAY CATIOUS ON BUYING SIDE SINCE THE MARKETS HAVE SHOWN A NEGATIVE TREND ON THE MEDIUM TERM BASIS IT IS WISE TO AVOID BUYING AT THIS STAGE. MAY BE WE HAVE TO SEE THAT WHETHER IT IS A BUYING ON THE BARGAIN HUNT OR JUST RECOVERY ON THE EXPIRY FRONT. I WOULD SUGGEST ONE SHOULD STAY AWAY FROM MARKETS TILL NIFTY CLOSES ABOVE 6014 LEVELS ON A SHORT TERM NOTE. ONE CAN GO SHORT AT HIGHER LEVELS IN THE MARKET KEEPING 6014 AS STOPLOSS. SHIPPING AND FERTILIZER STOCKS LOOKS GOOD FOR INTRADAY.

ONE CAN ONLY RISK BUYING CALLS FOR THE CURRENT MONTH WHOSE EXPIRY IS TOMORROW AS THE PREMIUM YOU PAY WOULD BE VERY LESS AND THAT TOO STOCK SPECIFIC CALLS AND NOT INDEX WHEN MARKETS SLIDES DOWN (IFCI AND TATASTEEL CAN BE LOOKED AT WHEN MARKETS FALL)

POSITIVE STOCKS BAJAJ AUTO, DISH TV, SANGAM (I)

INTRADAY TIPS FOR 23 NOVEMBER 2010

GOOD MORNING!!!

THE MARKETS OPENED ON A FIRM NOTE TRACKING ASIAN STOCKS WHICH ROSE AFTER IRELAND ON SUNDAY, 21 NOVEMBER 2010, FORMALLY APPLIED FOR AID FROM THE EUROPEAN UNION AND THE INTERNATIONAL MONETARY FUND. A BOUT OF VOLATILITY WAS WITNESSED AS THE KEY BENCHMARK INDICES LATER PARED GAINS. MARKETS TOOK OFF AGAIN IN THE MID-MORNING TRADE THERE WAS GREAT AMOUNT OF FIRMNESS SEEN IN AFTERNOON TRADE. THE MARKET STRUCK A FRESH INTRADAY HIGH IN AFTERNOON TRADE. BUYING INTENSIFIED IN THE MID-AFTERNOON TRADE. INDICES BOUNCED BACK FROM TWO-MONTH LOWS AS INVESTORS EMBRACED RISK, BUOYED BY NEWS THAT THE EUROPEAN UNION AND THE INTERNATIONAL MONETARY FUND ARE PREPARED TO PROVIDE AID FOR DEBT-LADEN IRELAND FOLLOWING THE COUNTRY'S FORMAL REQUEST FOR ASSISTANCE. THE STRONG BUYING MOMENTUM HELPED NIFTY SURPASS THE PSYCHOLOGICAL BARRIER OF 6,000 MARK. ALMOST ALL THE SECTORAL INDICES ON THE WERE IN POSITIVE ZONE. BANKING, CONSUMER DURABLES AND IT STOCKS LED THE RALLY. CAPITAL GOODS AND HEALTHCARE STOCKS LAGGED THE RALLY. MARKET BREADTH INDICATING THE HEALTH OF THE MARKET, WAS STRONG.

TODAY IF NIFTY TRADES ABOVE 6020 THEN LIKELY TO MAKE ITS UPWARD JOURNEY TO 6045 AND THEN TO 6070 LEVELS AND ANY BREAK ABOVE 6070 IT WILL IMMEDIATELY TAKE NIFTY TO 6090 AND ANY BREAK ABOVE THIS POINT WE CAN SEE NIFTY TO MUCH HIGHER LEVELS, ANY CLOSE ABOVE 6035 IS CONSIDERED TO BE BULLISH AND ONE IS ADVISED TO EXIT ALL SHORTS AND CONVERT YOURSELF INTO LONGS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 6000 THEN LIKELY TO MAKE ITS DOWNWARD JOURNEY TO 5974 AND BREAK BELOW THIS LEVEL WILL DRAG NIFTY TO 5945 LEVELS AND ANY TRADE BELOW 5945 WILL TAKE NIFTY TO 5900 LEVELS ONE IS ADVISED TO STAY CAUTIOUS AS THERE WOULD BE HIGH VOLATALITY AS WE ARE NEARING EXPIRY. ONE IS ADVISED TO SHORT IF NIFTY TRADES BELOW 6035 LEVELS WITH A STOPLOSS OF 6035 AND CONVERT TO LONG IF IT IS ABOVE 6035 LEVELS. IN THE NEAR-TERM, YEAR-END PROFIT TAKING MAY CAP THE UPSIDE ON THE DOMESTIC BOURSES. A NUMBER OF STOCKS HAVE CLOCKED DECENT TO STRONG GAINS THIS YEAR. FUNDS BASED IN US AND EUROPE FOLLOW CALENDAR YEAR AS THEIR ACCOUNTING YEAR. STAY VERY CAUTIOUS.

ONE IS STILL ADVISED TO STAY AWAY FROM LONGS DON’T BUILD IN TOO MANY POSITIONS IN THE MARKETS AS THERE IS NO MUCH STRENGTH SEEN EVEN AFTER STOCKS RALLIED QUITE HIGH LAST DAY, THERE IS EVERY POSSIBILITY THAT MARKETS MAY COME DOWN ALL OF A SUDDEN SO DON’T TAKE TOO MANY POSITIONS BUT BE WITH THE TREND.

INTRADAY TIPS FOR 22 NOVEMBER 2010

GOOD MORNING!!!

MARKETS OPENED FIRM COULDN’T HOLD THE STRENGTH AS CHINESE STOCKS FELL ON RATE HIKE WORRIES. IT HIT INTRADAY LOWS AND THEN TRIMMED LOSSES TO CERTAIN EXTENT, MARKETS LOST GROUND AFTER RECOUPING ALMOST ALL THE EARLIER LOSSES OF THE DAY AND EXTENDED LOSSES IN THE LATE TRADE AND RECORDED FRESH INTRADAY LOWS AT THE FAG END OF THE TRADING SESSION. INTRADAY VOLATILITY WAS HIGH AS TRADERS ROLLED OVER POSITIONS IN THE DERIVATIVES SEGMENT FROM THE NEAR-MONTH NOVEMBER 2010 SERIES TO DECEMBER 2010 AHEAD OF THE EXPIRY OF THE NOVEMBER 2010 CONTRACTS ON THURSDAY, 25 NOVEMBER 2010. THE MARKET BREADTH WAS WEAK, BANKING, CONSUMER DURABLES, IT, METAL AND REALTY STOCK FELL. THERE ARE LOT OF PESSIMISTIC VIEW BY INVESTORS ON THE MARKETS AND NOT WILLING TO HOLD LOT OF POSITIONS IN THE STOCKS ON WEAK EUROPE SENTIMENT. THE MARKET BREADTH, INDICATING THE HEALTH OF THE MARKET, WAS WEAK, IN CONTRAST WITH A POSITIVE BREADTH IN EARLY TRADE.

TODAY MARKETS LOOK BROADLY RANGE BOUND, WE MAY WITNESS LOT OF VOLATILITY AHEAD OF EXPIRY THIS WEEK ONE NEEDS TO STAY CAUTIOUS AS MARKETS MAY BE VIOLENTLY VOLATILE. IF NIFTY TRADES BELOW 5860 THEN LIKELY TO MAKE ITS DOWNWARD JOURNEY TO 5840 LEVELS AND BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5800 AND THEN TO 5750, NIFTY HAS A BREACHED MAJOR SUPPORTS ON THE LAST TRADING DAY WHICH IS NEGATIVE FOR THE MARKETS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5925 ONLY THEN ONE CAN GO SHORT ON INTRADAY TERMS 5960 AND THEN TO 5980 ANY CLOSE ABOVE 5980 IS CONSIDERED TO BE NIFTY HAS TAKEN SUPPORT IN THE MARKET AND WE CAN HEAD TOWARDS LITTLE HIGHER ZONES BUT ONE IS ADVISED TO STAY AWAY FROM LONGS AS MARKETS ARE STILL UNDER PRESSURE.

NO RECOS FOR THE DAY

INTRADAY TIPS FOR 19 NOVEMBER 2010

GOOD MORNING!!!

THE MARKET PARED GAINS AFTER A FIRM START, IT SLIPPED INTO THE RED IN MORNING TRADE. THE MARKET CUT LOSSES AFTER FALLING SHARPLY TO HIT FRESH INTRADAY LOW IN MID-MORNING TRADE. THE MARKET REGAINED POSITIVE ZONE IN EARLY AFTERNOON TRADE. THE MARKET PARED GAINS IN AFTERNOON TRADE. THE MARKET REGAINED POSITIVE ZONE AFTER SLIPPING INTO THE RED FOR A BRIEF PERIOD IN MID-AFTERNOON AS EUROPEAN STOCKS ROSE IN EARLY TRADE. THE MARKET SLIPPED INTO THE RED FOR A BRIEF PERIOD IN LATE TRADE. IT WAS A HIGHLY VOLATILE TRADE ON FIRM GLOBAL STOCKS. STOCKS ROSE ACROSS THE GLOBE ON EXPECTATIONS THAT IRELAND WILL SOON ACCEPT A BAILOUT PACKAGE FROM THE EUROPEAN UNION AND INTERNATIONAL MONETARY FUND. THE MARKET BREADTH WAS WEAK, IN CONTRAST WITH A STRONG BREADTH IN EARLY TRADE. MID AND SMALL-CAP STOCKS WITNESSED SELLING PRESSURE. METAL AND AUTO STOCKS ROSE WHILE BANKING STOCKS FELL. INTRADAY VOLATILITY WAS HIGH AS TRADERS ROLLED OVER POSITIONS IN DERIVATIVES SEGMENT FROM THE NEAR MONTH NOVEMBER 2010 SERIES TO DECEMBER 2010 SERIES AHEAD OF THE EXPIRY OF THE NOVEMBER 2010 CONTRACTS NEXT THURSDAY, 25 NOVEMBER 2010.

TODAY NIFTY WOULD BE RANGE BOUND AND HIGHLY VOLATILE, THOUGH GLOBAL CUES ARE POSITIVE WE MAY NOT REALLY FOLLLOW THE TREND OF THE GLOBAL MARKETS ON THE TELECOM ISSUE GOING, WE WOULD OPEN NEGATIVE ON THE OPENING NOTE WITH ALL THE TELECOM STOCKS GETTING INTO PRESSURE. IF NIFTY TRADES BELOW 5996 THEN ONE CAN SEE NIFTY TO COME DOWN TO 5966 AND THEN TO 5940 LEVELS AND ANY BREACH BELOW 5940 WOULD DRAG NIFTY TO MUCH LOWER LEVELS. ON THE POSITIVE SIDE IF NFITY TRADES ABOVE 6068 THEN LIKELY TO MAKE AN UPMOVE TO 6100 AND ANY BREAK ABOVE THIS LEVEL WOULD TAKE NIFTY TO 6126 AND ANY CLOSE ABOVE 6115 ONE SHOULD EXIT ALL THE SHORTS AND GO LONG. WE SHOULD BE POSITIONALLY SHORT AS OF NOW. TODAY THERE FEW TELECOM STOCKS WOULD BE UNDER TREMENDOUS PRESSURE, STOCKS LIKE RCOM, VIDEOCON, UNITECH AND FEW OTHER WOULD BLEED IN THE INITIAL TRADE AND CONTINUE TO BLEED TILL THE SAGA OF RAJA ENDS. ONE CAN SHORT THE ABOVE MENTIONED STOCKS AND HOLD IT.

BUY BATA(I) SL 385 TGT 395/400/405
BUY CIPLA SL 353 TGT 360/365/368
SELL SKS MICRO FINANCE SL 656 TGT 618/600/585
SELL RCOM SL 156 TGT 149/145/138 (SHORT TERM 120)
SELL VIDEOCON SL 240 TGT 233/227/224

INTRADAY TIPS FOR 18 NOVEMBER 2010

GOOD MORNING!!!

INDICES LOWERED IN EARLY TRADE TRACKING THE ASIAN INDICES, MARKET THEN MOVED IN A NARROW RANGE WITH A NEGATIVE BIAS, INDICES WEAKENED ONCE AGAIN AFTER RECOUPING MOST OF THE INITIAL LOSSES IN MID-MORNING TRADE AS WEAK ASIAN STOCKS DAMPENED INVESTOR SENTIMENT. THE MARKET SLUMPED IN EARLY AFTERNOON TRADE AS CHINESE STOCKS TUMBLED. THERE WAS LITTLE RECOVERY SEEN FROM THE LOWEST LEVELS OF THE DAY ON BARGAIN HUNT WHICH MADE INDICES TO CLOSE LITTLE ABOVE THE LOWEST POINT OF THE DAY.
MAJOR CAUSES OF DECLINE ARE
(A) A POSSIBLE RATE HIKE IN CHINA
(B) CONCERNS OVER THE EUROPEAN SOVEREIGN DEBT CRISIS
(C) WORRIES THAT US FUNDS WILL CLOSE POSITIONS IN EMERGING MARKETS STOCKS AHEAD OF THE YEAR-END TO CASH IN ON RECENT GAINS THESE ARE THE ABOVE THREE ROOT CAUSES OF MAJOR DECLINE IN THE MARKETS. REALTY, BANKING, METAL, CONSUMER DURABLES AND CAPITAL GOODS STOCKS LED THE DECLINE. ALL THE SECTORAL INDICES WERE IN THE NEGATIVE ZONE AND THE MARKET BREADTH WAS WEAK.

TODAY MARKETS WOULD OPEN FLAT AND RANGE BOUND, METALS MAY STILL BE UNDER PRESSURE OVER THE CONCERNS IN CHINA. IF NIFTY TRADES BELOW 5975 THEN LIKELY TO DIP DOWN TO 5944 LEVELS AND BREACH BELOW THIS LEVEL WE CAN SEE NIFTY TO COME DOWN TO 5860 LEVELS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 6008 CAN MOVE UP TO 6040 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6079 LEVELS AND ONE IS ADVISED NOT TO GO LONG ON POSITIONAL FRONT AS NIFTY IS STILL WEAK AND ONE NEEDS TO STAY AWAY FROM IT ONE IS ADVISED TO SHORT AT HIGHER LEVELS IN NIFTY POSITIONALLY. IF YOU ARE ON THE LONG BASED ON THE ABOVE MENTIONED LEVELS ONE IS ADVISED TO STAY CAUTIOUS AND ONLY TRADE ON INTRADAY TERMS AND DO NOT CARRY FORWARD THE LONGS AT ANY COST.

BUY WINDSOR MACHINES SL 99.90 TGT 105/108/110
BUY EMKAY SL 113 TGT 119/121/123

INTRADAY TIPS FOR 16 NOVEMBER 2010

GOOD MORNING!!!

THE MARKET EDGED LOWER AFTER A FIRM START AS MOST ASIAN STOCKS FELL. INTRADAY VOLATILITY WAS HIGH, INDICES ONCE AGAIN SLIPPED INTO THE RED AFTER REVERSING INITIAL LOSSES TO HIT FRESH INTRADAY HIGHS IN MORNING TRADE. THE MARKET SLIPPED INTO THE RED AFTER RECOVERING SHARPLY FROM THE DAY'S LOW TO TURN POSITIVE FOR A BRIEF PERIOD IN MID-MORNING TRADE. THE MARKET REGAINED POSITIVE ZONE IN EARLY AFTERNOON TRADE. THE MARKET HIT A FRESH INTRADAY HIGH IN AFTERNOON TRADE. THE MARKET ONCE AGAIN SLIPPED INTO THE RED IN AFTERNOON TRADE AS EUROPEAN STOCKS FELL IN EARLY TRADE AND AS US INDEX FUTURES REVERSED INITIAL GAINS. THE MARKET SURGED TO FRESH INTRADAY HIGH IN LATE TRADE AS EUROPEANS STOCKS CAME OFF LOWS AND AS US INDEX FUTURES EDGED HIGHER. IMPROVED TRADE DATA AND EASING OF INFLATION IN OCTOBER 2010 ALSO HELPED TRIGGERED BARGAIN HUNTING AFTER FRIDAY'S (12 NOVEMBER 2010) 2.1% DROP IN THE SENSEX. INTRADAY VOLATILITY WAS HIGH. THE MARKET BREADTH WAS NEGATIVE, IN CONTRAST WITH A POSITIVE BREADTH EARLIER IN THE DAY. BANKING AND IT STOCKS ROSE. BANKING STOCKS JUMPED ON THE FOLLOWING GROUNDS (A) INFLATION FOR OCT MORE OR LESS IN LINE WITH THE MARKET EXPECTATIONS. (B) STATE BANK WAS UP ON REPORTS ABOUT ACQUISITION OF A BANK IN INDONESIA, AND EXPANDING ITS OPERATIONS IN SOUTH ASIA.

TODAY MARKETS MAY OPEN POSITIVE ON POSITIVE CLOSING OF INDIAN INDICES LAST DAY AND MAY FACE RESISTANCE AROUND 6169 LEVELS AND IF NIFTY BREAK ABOVE 6180 THEN LIKELY TO MOVE ABOVE 6191 AND BREAK ABOVE THIS POINT WOULD DRIVE NIFTY TO 6225 AND ANY CLOSE ABOVE 6237 WOULD TAKE NIFTY TO 6300 IN A DAY OR TWO. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 6111 THEN LIKELY TO COME DOWN TO 6071 AND BREAK BELOW THIS POINT WOULD SLIDE NIFTY 6038 LEVELS. ONE CAN SHORT NIFTY AT EVERY HIGHER LEVEL KEEPING 6237 AS STOPLOSS POSITIONALLY. STAY CAUTIOUS AT EVERY HIGHER LEVEL AS THERE IS EVERY POSSIBILITY THAT MARKETS MAY REACT VIOLENT IN THE PRESENT CONDITION. MARKETS ARE NOT VERY STRONG SO ADVISED TO STAY AWAY FROM LONGS UNTIL NIFTY BREACHES 6237.

BUY NAVNEET SL 65.40 TGT 68/69/70
BUY WOCKHARDT SL 405 TGT 425/443/453
SELL EDUCOMP SL 520 TGT 500/495/483 (STOCK IS WEAK POSITIONALLY)

INTRADAY TIPS FOR 15 NOVEMBER 2010

GOOD MORNING!!!

THE MARKET EDGED LOWER IN EARLY TRADE TRACKING WEAK GLOBAL MARKETS. IT SLIPPED INTO THE RED ONCE AGAIN AFTER A SHARP BOUNCE BACK FROM DAY’S LOW FOR A VERY SHORT SPAN OF TIME IN THE MORNING SESSION. MARKETS WEAKENED IN THE MID-MORNING IT EXTENDED LOSSES TO HIT FRESH INTRADAY LOWS IN EARLY AFTERNOON TRADE. FRESH SELLING DRAGGED THE MARKET TO DAY'S LOW IN AFTERNOON TRADE THIS FRESH SELLING WAS BROADLY BASED ON SELL OFF IN CHINESE STOCKS AS INVESTORS FRETTED BEIJING WILL TAKE NEW STEPS TO COOL THE WORLD'S NO. 2 ECONOMY AND GLOBAL LEADERS MEETING IN SOUTH KOREA PAPERED OVER CURRENCY TENSIONS. IN DOMESTIC NEWS, INDUSTRIAL OUTPUT RISING LOWER THAN FORECAST IN THE MONTH OF SEPTEMBER ALSO DAMPENED SENTIMENT. INDUSTRIAL OUTPUT IN SEPTEMBER 2010 ROSE AT A MUCH SLOWER-THAN-EXPECTED 4.4% FROM 8.2% A YEAR AGO, GOVERNMENT DATA RELEASED TODAY SHOWED. THE SEPTEMBER IIP DATA IS THE LOWEST IN 15 MONTHS. MEANWHILE, THE INDEX OF INDUSTRIAL PRODUCTION FOR AUGUST WAS REVISED UPWARDS FROM 5.6% TO 6.9%. MANUFACTURING GROWTH, WHICH CONSTITUTES 80% OF THE INDUSTRIAL OUTPUT, SLUMPED TO 4.5% IN SEPTEMBER 2010 FROM 8.3% IN SEPTEMBER 2009. THE MINING SECTOR GREW AT 5.2% AGAINST 7.4%, ELECTRICITY ROSE AT 1.7% AGAINST 7.5% WHILE CONSUMER DURABLES INCREASED 10.9% AGAINST 21.9%, IN SEPTEMBER 2010 OVER SEPTEMBER 2009.

TODAY MARKETS LOOK WEAK ON A VERY NEGATIVE CLOSING ON FRIDAY, WEAK GLOBAL CUES ALONG WITH WEAK OPENING IN ASIAN INDICES. TODAY IF NIFTY TRADES BELOW 6080 THEN LIKELY TO PLUNGE DOWN TO 6040 AND THEN TO 6000 LEVELS WHERE NIFTY MIGHT HAVE A GOOD SUPPORT AND ANY BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5960. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 6130 ONE CAN THINK OF GOING LONG UNTIL THEN WISE TO STAY AWAY FROM LONGS, IF NIFTY BREAK ABOVE 6130 THEN LIKELY TO MOVE UP TO 6177 AND THEN TO 6200. ONE IS ADVISED TO STAY CAUTIOUS AT THIS STAGE ON THE POSITIVE SIDE. ONE CAN TAKE FRESH SHORT POSITION IF MARKETS GO UP WITH A STOPLOSS OF 6130 AND WHENEVER IT TRADES BELOW ONE CAN SHORT IT WITH 6130 AS STOPLOSS. MARKETS MAY SUCCUMB TO PRESSURE WHENEVER IT MOVES UP AND IF MARKETS SUSTAIN ABOVE 6130 THEN IT IS WISE TO STAY AWAY FROM THE MARKETS ON SHORT SIDE AS LIKELY TO INCLINE BY MORE THAN 200 POINTS THEN.

BUY TTK PRESTIGE SL 1606 TGT 1660/1700/1750 (SHORT TERM 1945/2600)
BUY ECLERX SL 654 TGT 677/690/700 (SHORT TERM 750/900)
BUY SUN PHARMA ADV RESEARCH ABOVE 102 SL 101 TGT 104/106/109

INTRADAY TIPS FOR 12 NOVEMBER 2010

GOOD MORNING!!!

THE MARKET PARED GAINS AFTER A FIRM START. IT REVERSED GAINS TO HIT FRESH INTRADAY LOWS IN MORNING TRADE. IT CUT LOSSES IN MID-MORNING TRADE. IT SLUMPED TO HIT FRESH INTRADAY LOWS IN EARLY AFTERNOON TRADE. IT REMAINED WEAK IN AFTERNOON TRADE. IT EXTENDED LOSSES TO HIT FRESH INTRADAY LOWS IN MID-AFTERNOON TRADE. IT FURTHER CONTINUED ITS DOWNWARD TREND TO HIT FRESH INTRADAY LOWS IN LATE TRADE. IT WAS MAINLY A CAUTIOUS MOVE BY INVESTORS AND INSTITUTIONS AHEAD OF THE OUTCOME OF MEETINGS OF G-20 WORLD LEADERS IN SOUTH KOREA. TELECOM, BANKING, IT, FMCG, REALTY AND CAPITAL GOODS STOCKS FELL. THE MARKET BREADTH TURNED WEAK FROM STRONG BREADTH SEEN EARLIER IN THE DAY. ALL THE SECTORAL INDICES ON EXCHANGE FELL.

TODAY MARKETS WOULD OPEN NEGATIVE TRACKING WEAK CLOSING OF NIFTY ON THE LAST DAY ALONG WITH NEGATIVE CLOSING OF US AND EUROPE MARKETS. TODAY IF NIFTY TRADES BELOW 6210 THEN IT WILL SLIDE DOWN TO 6176 AND BREAK BELOW THIS LEVELS CAN SEE NIFTY AT 6138 AND THEN TO 6100. ON THE UPSIDE IF NIFTY TRADES ABOVE 6240 THEN LIKELY TO MOVE UP 6260 AND BREAK ABOVE WOULD TAKE IT TO 6300. ONE IS ADVISED TO STAY CAUTIOUS ON UPSIDE, ONE IS ADVISED TO GO LONG ONLY IF NIFTY CLOSES ABOVE 6300 UNTIL THAN ONE CAN STAY SHORT. WE MAY SEE STOCK SPECIFIC MOVES.

BUY SYNDICATE BANK SL 151.7 TGT 154/155/157
BUY HIMATSINGKA SL 61.65 TGT 64.50/66.35/67.50
BUY LUPIN ABOVE 483 SL 479 TGT 488/492/500
BUY HIMACHAL FUTURIS SL 13.80 TGT 14.75/15.40/15.75**
BUY INDUSIND BANK ABOVE 296 SL 293.90 TGT 302/307/311
BUY TATA POWER SL 1404 TGT 1422/1433/1453
SELL CESC SL 393 TGT 388/386/384
NOTE: BUY THE ABOVE STOCKS ONLY IF THEY OPEN POSITIVE ELSE DON’T BUY

INTRADAY TIPS FOR 11 NOVEMBER 2010

GOOD MORNING!!!

MARKETS EDGED LOWER IN EARLY TRADE TRACKING MIXED ASIAN MARKETS . IT RECOVERED FROM THE DAY'S LOW IN MORNING TRADE. IT HIT FRESH INTRADAY HIGHS AFTER MOVING BETWEEN THE POSITIVE AND NEGATIVE TERRAIN IN MID-MORNING TRADE. IT SURGED TO HIT FRESH INTRADAY HIGHS AFTER SLIPPING INTO THE RED FOR BRIEF PERIOD IN EARLY AFTERNOON TRADE. IT ONCE AGAIN SLIPPED INTO THE RED AFTER HITTING FRESH INTRADAY HIGHS IN AFTERNOON TRADE. IT CUT SOME LOSSES IN MID-AFTERNOON TRADE. IT WEAKENED TO HIT FRESH INTRADAY LOWS AT THE FAG END OF THE TRADE. INDICES EDGED LOWER IN A CHOPPY TRADING SESSION WITH INDICES CLOSING NEAR THE DAY'S LOWS AS WEAK EUROPEAN STOCKS WEIGHED ON INVESTOR SENTIMENT. THE INDICES MOVED IN A NARROW BAND NEAR THE FLAT LINE. CAPITAL GOODS, FMCG AND METAL STOCKS FELL. BUT, CONSUMER DURABLES AND IT STOCKS ROSE. THE MARKET BREADTH WAS STRONG AS BUYING WAS WITNESSED IN MID CAP AND SMALL CAP STOCKS.

TODAY NIFTY WOULD BE RANGE BOUND AND NEGATIVELY BIASED. IF NIFTY TRADES BELOW 6296 THEN NIFTY LIKELY TO COME DOWN TO 6266 LEVELS AND BREAK BELOW THIS POINT WOULD LIKELY TO TUMBLE DOWN TO 6206 LEVELS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 6326 THEN LIKELY TO MOVE UPTO 6348 LEVELS AND ANY BREAK ABOVE THIS LEVEL WOULD DRIFT HIGHER TO 6390 LEVELS ONE SHOULD AVOID BUYING NIFTY UNLESS IT BREACHES 6350 LEVELS TO BE SAFER. EVERY HIGHER LEVELS IS A GOOD BET FOR SHORTING ON INTRADAY TERMS KEEPING 6350 AS STOPLOSS. STAY CAUTIOUS IN THE MARKET.

BUY VIP INDS SL 698 TGT 729/750/781
BUY GE SHIPPING SL 387 TGT 398/404/409
BUY VALECHA ENGINEER SL 206.50 TGT 216/222/229
BUY ICSA SL 150 TGT 154.60/157/160
BUY TITAN SL 4118 TGT 4226/4348/4410

POSITIONAL TRADES
BUY KPIT CUMMINS 150/200
BUY BF UTILITIES TGT 1150/1340
BUY MLL TGT 100*
BUY APOLLO TYRES TGT 100
BUY SICAL LOGISTICS TGT 110
BUY GEODESIC TGT 180
BUY LAKSHMI ENERGY & FOODS TGT 100%
BUY JB CHEMICAL & PHARMA TGT 200/230*
BUY TATA MOTORS TGT 1500/1800*

INTRADAY TIPS FOR 10 NOVEMBER 2010

GOOD MORNING!!!

THE MARKET SURGED TO HIT DAY'S HIGH AFTER A WEAK START AS MOST ASIAN STOCKS REVERSED INITIAL LOSSES. PROFIT BOOKING EMERGED SOON AFTER EXTENDING INITIAL GAINS TO HIT FRESH INTRADAY HIGHS IN MORNING TRADE. IT REVERSED INITIAL GAINS TO HIT FRESH INTRADAY LOWS IN EARLY AFTERNOON TRADE. IT TRIMMED LOSSES IN AFTERNOON TRADE. IT RECOVERED SHARPLY TO REGAIN POSITIVE ZONE IN MID-AFTERNOON TRADE. IT EXTENDED GAINS IN LATE TRADE. IT WAS ALL IN ALL A VERY VOLATILE SESSION IN THE MARKET. CONSUMER DURABLES, REALTY, FMCG AND IT STOCKS ROSE. THE MARKET BREADTH WAS STRONG. STATE BANK OF INDIA SLUMPED 4.37% AFTER WEAK Q2 RESULT. CAPITAL GOODS STOCKS FELL.

TODAY MARKETS WOULD REMAIN VOLATILE AND RANGE BOUND. IF NIFTY TRADES ABOVE 6350 LIKELY TO MOVE UP TO 6380 AND THEN TO 6400 LEVELS ANY BREAK ABOVE 6400 LIKELY TO TAKE MARKETS TO MUCH HIGHER LEVELS. ONE IS ADVISED TO STAY CAUTIOUS AT EVERY HIGHER LEVEL THOUGH MARKET IS VERY POSITIVE. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 6318 THEN LIKELY TO DIP DOWN TO 6293 AND BREAK BELOW THIS LEVEL MAY TAKE SUPPORT AT 6270 LEVELS AND ANY BREACH BELOW THIS LEVEL WOULD TAKE NIFTY TO 6245 AND THEN TO 6216. ONE IS ADVISED TO STAY CAUTIOUS AS WE MAY LIKELY TO SEE MIDCAPS AND SMALL CAPS TO MOVE. IF NIFTY TRADES BELOW 6285 ON THE CLOSING BASIS ONE IS ADVISED TO MINIMIZE LONGS AND TRY TO ADD FEW SHORTS AS WELL.

BUY JETAIRWAYS SL 883 TGT 900/919/941
BUY LIC HOUSING SL 1391 TGT 1417/1438/1465
BUY NEHA INTERNATIONAL SL 224 TGT 236/244/249
BUY UB HOLDINGS SL 331.45 TGT 345/353/359
BUY SARADA ENERGY SL 315 TGT 325/333/344

POSITIONAL TRADES
BUY SUBEX TGT 120*

INTRADAY TIPS FOR 09 NOVEMBER 2010

GOOD MORNING!!!

THE MARKET JUMPED IN EARLY TRADE AND STARTED GIVING AWAY THE GAINS TO HIT FRESH INTRADAY LOWS IN MORNING TRADE. STOCKS STARTED GIVING AWAY THEIR GAINS. WEAKNESS CONTINUED IN EARLY AFTERNOON. THOUGH OBAMA VISIT WAS GOOD DIDN’T HAVE A POSITIVE IMPACT ON THE MARKETS. MARKETS WERE DOWN BY AFTERNOON TRADE AND WHEN THE PRIME MINISTER AND PRESIDENT GAVE A MEDIA PRESENTATION MARKETS STARTED RECOVERING AND HAVE RECOVERED TO THE MAXIMUM AND IT PROVED TO BE SHORT LIVED AND STARTED DECLINING SOON AFTER THAT AND COULDN’T HOLD THE RECOVERY. MARKET BREADTH WAS WEAK AND CLOSED IN A LOWER LOWS. THOUGH MARKETS WERE DOWN THERE WERE NO VOLUMES.

TODAY MARKETS MAY OPEN FLAT. MARKETS MAY BE VERY RANGE BOUND. IF NIFTY TRADES ABOVE 6311 THEN LIKELY TO MOVE UP TO 6328 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6350 AND ANY BREAK ABOVE 6350 WOULD TAKE NIFTY TO 6398 LEVELS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 6278 THEN MARKETS LIKELY TO COME DOWN TO 6260 AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY TO 6240 LEVELS. ONE IS ADVISED TO EXIT LONG IT NIFTY CLOSES BELOW 6270 LEVELS AND STAY SHORT. THERE WOULD BE STOCK SPECIFIC MOVES, WE MAY SEE MID CAP STOCKS MOVING ALONG WITH SMALL CAPS.

BUY AMBUJA CEM SL 162 TGT 167/170/172.70
BUY BAJAJ HINDUSTAN SL 139 TGT 144/147/149
BUY JP ASSOCIATES SL 137 TGT 140.70/142.50/144
BUY MIRZA INTERNATIONAL SL 24.40 TGT 26/27/27.60 (SHORT TERM 35)*
BUY JUBL FOOD SL 614 TGT 650/660/677*
SELL SBI SL 3441 TGT 3410/3390/3371

POSITIONAL TRADES
BUY IFCI TGT 100

INTRADAY TIPS FOR 08 NOVEMBER 2010

GOOD MORNING!!!

MARKETS ON FRIDAY HIT ITS EVER HIGHS RECORDING HISTORY IN INDIAN MARKETS. WE HAVE SEEN POSITIVE TRADING IN ONE HOUR OF TRADE WITH SOME STOCKS SURGING AND MARKETS CLOSED POSITIVE. THE BREADTH OF THE MARKET REMAINED POSITIVE IN THE ENTIRE ONE HOUR OF TRADE.

TODAY MARKETS WOULD OPEN POSITIVE AND CONTINUE TO REMAIN POSITIVE AND WE MAY SEE NIFTY TO SURPASS NEW HIGHS AND RECORD FRESH HIGHS. THERE WOULD BE A VERY POSITIVE BUYING IN THE STOCKS. THERE ARE TOO MANY REASONS AS OF NOW TO SAY THE MARKETS MAY STILL STRECH FURTHER ON THE POSITIVE SIDE
(A) SUSTAINED BUYING FROM FOREIGN FUNDS
(B) GOOD Q2 RESULTS
(C) EASING FOOD INFLATION
(D) GLOBAL SENTIMENTS
(E) POSIITVE DRIVE OF OBAMA VISIT
CONSIDERING THE ABOVE FACTS WE MAY SEE INDICES TO INCLINE FURTHER AND ONE SHOULD REMEMBER THAT UNLESS AND UNTIL YOU SEE THE INDICIES TURNING NEGATIVE ONE SHOULD REMAIN LONG AS LONG AS THE TREND IS POSITIVE. TODAY IF NIFTY TRADES ABOVE 6326 LIKELY TO MOVE UP TO 6348 AND THEN LIKELY TO MOVE UP TO 6380 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6400 LEVELS AND ANY CLOSE ABOVE 6350 IS CONSIDERED TO BE BULLISH AND ONE CAN REMAIN LONG, WE MAY SEE NIFTY TO REACH HIGHER HIGHS. ON THE NEGATIVE SIDE THERE IS HARDLY ANY SCOPE AS OF TODAY BUT ANY DECLINE IS A BUYING OPPORTUNITY IN NIFTY SO USE DOWNSIDE IN NIFTY AS OPPORTUNITY TO BUY.

BUY JPASSOCIATES SL 132.90 TGT 135/136/138
BUY FIRST LEASING SL 93 TGT 95.50/96.80/99
BUY DISH TV SL 69.90 TGT 71.75/73/74.80*
BUY GANDHIMATI APPLIANCES SL 123.40 TGT 129.60/134/140 (SHORT TERM155/180)**

POSITIONAL TRADES
BUY RUCHI SOYA TGT 155/170
BUY BINANI CEMENTS TGT 118/135*
BUY HINDUJA VENTURES LIMITED TGT 600
BUY UNITED SPIRITS TGT 1850/2075
BUY LICHSG TGT 1680/1900
BUY TATA MOTORS 1400/1600

INTRADAY TIPS FOR 05 NOVEMBER 2010

GOOD EVENING!!!

THE MARKET JUMPED IN EARLY TRADE ON FIRM ASIAN STOCKS. THE MARKET EXTENDED GAINS TO HIT FRESH INTRADAY HIGH IN MORNING TRADE. STOCKS REMAINED FIRM IN MID-MORNING TRADE AS EUROPEAN STOCKS JUMPED IN EARLY TRADE. THE MARKET EXTENDED GAINS IN LATE TRADE, INDICES SURGED TO THEIR HIGHEST LEVEL IN NEARLY 34 MONTHS AS STOCKS ROSE ACROSS THE GLOBE AFTER THE US FEDERAL RESERVE'S DECISION TO BUY $600 BILLION IN GOVERNMENT BONDS TO STIMULATE THE US ECONOMY. A RALLY IN COAL INDIA SHARES ON ITS DEBUT ON THE BOURSES, GOOD Q2 SEPTEMBER 2010 RESULTS, SUSTAINED BUYING BY FOREIGN FUNDS, AND DATA SHOWING EASING FOOD INFLATION IN LATE OCTOBER 2010, UNDERPINNED SENTIMENT.

TODAY MARKETS WOULD OPEN POSITIVE, TRACKING POSITIVE CLOSING OF US MARKETS AND GOOD CLOSING OF ASIAN INDICES. TRACKING ALL THE POSITIVE ISSUES IN AND AROUND GLOBE MARKETS WOULD EXTEND ITS GAINS AND HIT HISTORIC HIGHS FOR THE DAY. MARKETS TODAY WOULD SURPASS THE HIGHEST EVER FIGURES IN THE INDICES. TODAY IF NIFTY TRADES ABOVE 6310 THEN LIKELY TO MOVE UP TO 6330 AND BREAK ABOVE THIS LEVEL WOULD SEE NIFTY TO TOUCH 6350 LEVELS AND ANYTHING ABOVE THIS POINT WOULD TAKE TO 6362 LEVELS. ON THE NEGATIVE SIDE THERE IS HARDLY ANY SCOPE ONE IS SUGGESTED NOT TO GO SHORT UNTIL 6294 LEVELS.

BUY IFCI SL 73.80 TGT 75/76/77
BUY BPCL SL 763 TGT 766/768/772
BUY CHAMBAL FERT SL 93 TGT 95.45/96.50/97.25
BUY TITAN SL 3811 TGT 3837/3848/3867

INTRADAY TIPS FOR 04 NOVEMBER 2010

GOOD MORNING!!!

THE MARKET OPENED ON A POSITIVE NOTE TRACKING HIGHER ASIAN STOCKS. THE MARKET EXTENDED GAINS IN MORNING TRADE. STOCKS WERE VOLATILE; STOCKS CAME OFF HIGHS LATER AND FIRMED UP AGAIN IN MID-MORNING TRADE. THE MARKET ONCE AGAIN CAME OFF HIGHS LATER. THE MARKET REGAINED STRENGTH IN EARLY AFTERNOON TRADE. A BOUT OF VOLATILITY WAS SEEN IN MID-AFTERNOON TRADE AS THE INDICES SLIPPED TO THE DAY'S LOW ONLY TO REBOUND THEREAFTER. VOLATILITY RULED THE ROOST AT THE FAG END OF THE TRADING SESSION AS THE MARKET RECOVERED AFTER HITTING A FRESH INTRADAY LOW. GOOD Q2 SEPTEMBER 2010 RESULTS AND SUSTAINED BUYING BY FOREIGN FUNDS, SUPPORTED STOCK PRICES.

TODAY ONE OF THE MAJOR ISSUE IS LISTING OF COAL INDIA IPO WHICH WOULD CATCH THE ATTENTION OF LOT OF TRADERS. TRADERS CAN TRADE IN COAL INDIA TO MAKE DECENT RETURNS SINCE THE VOLATALITY WOULD TO THE CORE. TODAY WE MAY SEE NIFTY OPENING POSITIVE TRACKING ASIAN MARKETS, IF NIFTY TRADES ABOVE 6211 THEN LIKELY TO MAKE AN UP MOVE TO 6249 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6285 LEVELS AND ANY CLOSE ABOVE 6285 INDICATES THAT MARKET WOULD BREAK NEW HIGHS OF THE YEAR AND LIKELY TO MOVE UP MUCH HIGHER. ON THE NEGATIVE SIDE ONE IS ADVISED TO STAY CAUTIOUS AND IF NIFTY TRADES BELOW 6174 THEN LIKELY TO MAKE ITS MOVE DOWNSIDE TO 6140 AND BREAK BELOW THIS LEVEL WOULD TAKE IT TO 6104 AND ANY CLOSE BELOW 6140 IS CONSIDERED TO BE WEAK AND WILL CONTINUE TO BE UNDER PRESSURE IN THE DAYS AHEAD. ONE IS ADVISED TO STAY CAUTIOUS FROM HERE ON. STOCK SPECIFIC MOVES CAN BE VERY VIOLENT AND TRY TO PLAY IN THE STOCKS WHICH ARE FUNDAMENTALLY STRONG MIDCAPS AND WHICH HAVE NOT MOVED IN THE RECENT TIME. FERTILIZER STOCKS AND POWER STOCKS LOOKING GOOD.

BUY ICSA SL 146.90 TGT 151/154/157 (SHORT TERM 175/200)*
BUY CHAMBAL FERT SL 91.40 TGT 95.90/98.60/100*
BUY UNITED PHOS SL 205 TGT 208.80/210.25/212.60 (SHORT TERM 250)
BUY DISH TV SL 62.30 TGT 64.35/65.50/67.50

POSITIONAL TRADES
BUY VIP INDS TGT 800/900
BUY K SERA SERA PROD TGT 23/28

INTRADAY TIPS FOR 03 NOVEMBER 2010

GOOD MORNING!!!

MARKETS MOVED IN NARROW RANGE AFTER SEEING WILD SWING IN EARLY AFTERNOON TRADE IMMEDIATELY AFTER THE RESERVE BANK OF INDIA'S DECISION TO RAISE KEY POLICY RATES AT A QUARTERLY POLICY REVIEW. THE MARKET HIT A FRESH INTRADAY HIGH IN AFTERNOON TRADE. THE MARKET SLIPPED TO FRESH DAY'S LOW IN VOLATILE MID-AFTERNOON TRADE. VOLATILITY CONTINUED IN THE LAST ONE HOUR OF TRADE AND CLOSED FLAT AT THE END OF THE TRADE THE KEY BENCHMARK INDICES PROVISIONALLY SETTLED WITH SMALL LOSSES. THE MARKET BREADTH WAS NEGATIVE IN CONTRAST WITH A POSITIVE BREADTH EARLIER IN THE DAY. REALTY STOCKS FELL AFTER THE RESERVE BANK OF INDIA TIGHTENED PROVISIONING NORMS FOR HOME LOANS. AUTO STOCKS, TOO, EDGED LOWER IN VOLATILE TRADE. SOFTWARE AND BANKING STOCKS SAW MIXED TREND.

TODAY NIFTY WOULD OPEN POSITIVE TRACKING POSITIVE US CLOSING AND STRONG ASIAN OPENING. WE MAY SEE NIFTY TO OPEN AROUND 6180 LEVELS, IF NIFTY TRADES ABOVE 6180 THEN LIKELY TO MOVE UP TO 6211 THOUGH 6200 MAY ACT AS A PSYCHOLOGICAL RESISTANCE. IF NIFTY BREAKS 6211 THEN WE CAN SEE FURTHER STRONG UPSIDE MOVEMENT WHICH WOULD SURPASS THE PREVIOUS HIGHS AS WELL. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 6134 THEN LIKELY TO COME DOWN TO 6120 AND THEN TO 6097 LEVELS AND ANY BREAK BELOW THIS 6097 WOULD DRAG NIFTY DOWN TO 6061, IF NIFTY CLOSES BELOW 6061 THEN ONE IS ADVIVSED TO STAY OUT OF LONGS AND CARRY SHORT POSITIONS OVERNIGHT FOR FURTHER DECLINE IN THE MARKETS. OIL, FERTILIZERS AND CEMENTS ARE LOOKING GOOD FOR NEAR TERM BET.

BUY KARNATAKA BANK SL 199 TGT 204/207/210
BUY WOCKHARDT SL 353.75 TGT 368/375/389
BUY TATA ELXSI(I) SL 307 TGT 323/333/339 (SHORT TERM 350/425)
BUY ACC SL 1058.85 TGT 1078/1085/1098
BUY MLL SL 71 TGT 72.9/73.8/74.75 (SHORT TERM 80/100)
BUY BPCL SL 770 TGT 782/788/797

POSITIONAL TRADES
BUY PTC TGT 200
BUY FINANCIAL TECHNOLOGIES TGT 1250
BUY ABB TGT 1000

INTRADAY TIPS FOR 02 NOVEMBER 2010

GOOD MORNING!!!

THE MARKET OPENED ON A FIRM NOTE, TRACKING GAINS IN ASIAN STOCKS. THE MARKET EXTENDED GAINS IN MID-MORNING TRADE. THE MARKET HELD FIRM IN EARLY AFTERNOON TRADE. INDICES SCALED FRESH INTRADAY HIGH IN AFTERNOON TRADE. THE MARKET HELD FIRM IN MID-AFTERNOON TRADE. THE MARKET PARED GAINS ON PROFIT BOOKING IN LATE TRADE. INDICES LOGGED STRONG GAINS AS LATEST DATA SHOWING SURGE IN MANUFACTURING ACTIVITY IN OCTOBER 2010, GOOD Q2 SEPTEMBER 2010 RESULTS, AND FIRM GLOBAL STOCKS BOOSTED INVESTOR SENTIMENTS. AS TRADING REMAINED SUSPENDED ON BSE FOR ABOUT TWO-AND-A-HALF HOURS BETWEEN 12:00 IST AND 14:30 IST DUE TO A TECHNICAL SNAG. TRADING CONTINUED ON NSE AS USUAL DURING THAT PERIOD. DUE TO CLOSURE OF TRADING FOR MORE THAN TWO HOURS, TURNOVER ON BSE DECLINED SHARPLY TO RS 1957 CRORE FROM RS 5,018.07 ON FRIDAY, 29 OCTOBER 2010.

TODAY NIFTY MAY OPEN FLAT AND WOULD BE RANGE BOUND IF NIFTY TRADES ABOVE 6166 THEN LIKELY TO MOVE UP TO 6180 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6211. AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 6138 THEN LIKELY TO COME DOWN TO 6120 AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY DOWN TO 6090 LEVELS AND ANY CLOSE BELOW WOULD SLIDE DOWN NIFTY TO 6060 LEVELS. ONE SHOULD BE VERY CAUTIOUS AS TODAY IS RBI MEET WHICH IS VERY CRUCIAL IN THE MARKETS, DECISION FROM RBI WOULD DETERMINE THE TREND OF THE MARKETS. SO ONE SHOULD PLAY CAUTIOUSLY.

BUY INDIABULLS SL 229.50 TGT 237/241/245 (SHORT TERM 300)*
BUY FEDERAL BANK SL 488 TGT 498/505/510 (SHORT TERM 600)
BUY INGVYSYA SL 434.90 TGT 448/457/463
BUY TITAN SL 3772 TGT 3840/3873/3900

INTRADAY TIPS FOR 01 NOVEMBER 2010

GOOD MORNING!!!

MARKETS WERE VERY VOLATILE. THE MARKET SLIPPED INTO THE RED, SOON AFTER A POSITIVE STARTS AS WEAK ASIAN STOCKS WEIGHED ON SENTIMENT. THE MARKET CAME OFF LOWS LATER. THE MARKET HOVERED IN NEGATIVE ZONE IN MID-MORNING TRADE. THE MARKET ERASED ALMOST ALL THE INITIAL LOSSES IN EARLY AFTERNOON TRADE AND STOCKS MOVED IN A NARROW RANGE IN AFTERNOON TRADE. INDICES STAGED A SOLID COMEBACK IN LATE TRADE TO STRIKE THE DAY'S HIGH LED BY RALLY IN ICICI BANK, WHICH JUMPED AFTER POSTING FORECAST-BEATING Q2 RESULTS. THE MARKET BREADTH, INDICATING THE HEALTH OF THE MARKET WAS WEAK. THE BREADTH WAS POSITIVE IN OPENING TRADE. THE FOCUS OF THE MARKET IS CURRENTLY ON THE SECOND QUARTER SEPTEMBER 2010 RESULTS. THE RESULTS ANNOUNCED SO FAR HAVE BEEN ENCOURAGING. THE COMBINED NET PROFIT OF A TOTAL OF 969 FIRMS SURGED 47.50% TO RS 63276 CRORE ON 18.20% GROWTH IN SALES TO RS 386044 CRORE IN Q2 SEPTEMBER 2010 OVER Q2 SEPTEMBER 2009.

TODAY NIFTY WOULD OPEN POSITIVE BUT MAY REMAIN UNDER PRESSURE UNLESS AND LEVELS MENTIONED BELOW ARE BREACHED. IF NIFTY TRADES 6051 THEN LIKELY TO MAKE ITS UP MOVE TO 6072 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6098 LEVELS AND ANY CLOSE ABOVE 6100 WOULD TAKE NIFTY TO NEW LEVELS AND TURN THE NEGATIVE WAVE IN NIFTY TO POSITIVE WAVE. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 6035 THEN LIKELY TO MADE A DOWN MOVE TO 6011 LEVELS AND BREAK BELOW THIS LEVEL MAY TAKE A PSYCHOLOGICAL SUPPORT AT 6000 AND BREAK BELOW THIS LEVEL WILL DRAG NIFTY TO 5967 LEVELS. ONE IS ADVISED TO BE WITH THE TREND. WE CAN SEE FEW STOCK SPECIFIC MOVES.

BUY GLENMARK PHARMA SL 336.40 TGT 347/352/356
BUY JSW STEEL SL 1337 TGT 1360/1373/1385
BUY FIE MINDS SL 211 TGT 218/222/225
BUY SONATA SOFTWARES SL 59 TGT 61/62/63.55

POSITIONAL TRADES

BUY TITAN INDS TGT 4500/5500
BUY ESSAR OIL TGT 175/190
BUY RANE HOLDINGS TGT 500/700
BUY REI AGRO TGT 30/37
BUY CUMMINS TGT 1000/1250*
BUY GSPL TGT 145/200*