INTRADAY TIPS FOR 01 APRIL 2010

GOOD MORNING!!!

CLOSING OF THE FINANCIAL YEAR ENDED IN RED, THE LOSSES CONTINUED FOR THE STRAIGHT SECOND DAY AS ASIAN STOCKS ALONG WITH US INDEX FUTURES FELL. DURING THE DAY THE MARKET WAS VERY VOLATILE HOVERING INTO POSITIVE AND NEGATIVE TERITORRY IT SLIPPED TO RED IN THE MORNING AND WITH THE EUROPEAN STOCKS EDGING HIGHER MARKET REGAINED TO POSITIVE ZONE BUT COULDN’T SUSTAIN WITH WEAK ASIAN INDICES AND MARKET GAVE UP ALL THE GAINS AND ENDED IN LOSSESS. FMCG AND IT STOCKS FELL. OVERALL STRENGTH AND BREADTH OF THE MARKET REMAINED POSITIVE. FOREIGN INSTITUTIONAL INVESTORS HAVE MADE HEAVY PURCHASES OF INDIAN STOCKS IN THE PAST FEW WEEKS HELPING STOCKS REGISTER STRONG GAINS THIS MONTH. THE SENSEX HAD JUMPED 1,457.15 POINTS OR 8.96% TO A 2-YEAR CLOSING HIGH OF 17711.35 ON MONDAY, 29 MARCH 2010, FROM A LOW OF 16,254.20 ON 25 FEBRUARY 2010. AS PER DATA FROM THE STOCK EXCHANGES, FOREIGN INSTITUTIONAL INVESTORS (FIIS) BOUGHT STOCKS WORTH A NET RS 14,358.81 CRORE THIS MONTH, TILL 30 MARCH 2010. TODAY TRADERS MAY REFRAIN FROM BUILDING LARGE POSITIONS AHEAD OF A LONG WEEKEND AS THE STOCK MARKET REMAINS CLOSED ON FRIDAY, 2 APRIL 2010, ON ACCOUNT OF GOOD FRIDAY. ACCORDING A REPORT FOR INDUSTRY SECRETARY THE INDUSTRIAL OUTPUT IN FEBRUARY IS EXPECTED TO HAVE GROWN 16% YEAR-ON-YEAR. FEW OTHER MAJOR DATA WHICH WILL RULE THE STOCK MARKET IN THE WEEK TO COME ARE Q4, MANSOON FORCAST, IIP AND RBI MEET.

TODAY WE MAY SEE MARKETS TO TRADE NEGATIVE AND MAY TRY TO BOUNCE BACK AT 5236 LEVELS AND 5207 LEVELS. OVERALL WE CAN STILL REMAIN POSITIVE ON THE NEAR TERM VIEW THOUGH SHORT TERM REMAINS WEAK IF CLOSING BELOW 5200 IN NIFTY TAKES PLACE. TODAY IF NIFTY TRADES BELOW 5258 THEN LIKELY TO DIP DOWN TO 5236 LEVELS AND ANY BREAK BELOW THIS LEVEL WOULD DRIFT DOWN THE MARKETS TO 5207 AND ANY CLOSING BELOW 5200 IS CONSIDERED TO BE WEAK AND ON IS ADVISED TO EXIT ALL THE LONG POSITIONS AND STAY SHORT. ON THE POSITIVE NOTE IF NIFTY TRADES ABOVE 5276 THEN LIKELY TO MOVE UP TO 5302 LEVELS AND ANY BREAK ABOVE 5302 IS CONSIDERED TO BE STRONG, ONE IS ADVISED TO STAY INVESTED IF NIFTY CLOSES ABOVE 5302 LEVELS AS THIS IS AGAIN CONSIDERED TO BE GOOD CLOSING.

BUY AGEE GOLD SL 209 TGT 228/235/260
BUY HANUNG TOYS SL 219.85 TGT 235/243/250
BUY SESAGOA SL 463.9 TGT 477/484/492
BUY SAIL SL 248 TGT 257/259/263
BUY SINTEX SL 292 TGT 300/302/304
BUY AIA ENGG SL 389 TGT 407/410/414

POSITIONAL TRADES
BUY VALECHA ENGG TGT 215
BUY AGEE GOLD TGT 296/500
BUY HDFC TGT 2887
BUY BGRENERGY TGT 570
BUY TTK PRESTIGE TGT 700
BUY AMTEK AUTO TGT 250