Thursday, May 20, 2010

INTRADAY TIPS FOR 20 MAY 2010

GOOD MORNING!!!

MARKETS HAVE BLEEDED HEAVILY WITH VOLUMES ON LAST TRADING SESSION TRACKING WEAK GLOBAL CUES. GERMANYS DECISION TO BAN NAKEN SHORT SELLING IN SELECTED SCRIPS HAVE TRIGGERED APPREHENSIONS AMONG THEINVESTORS ACROSS THE GLOBLE. METALS, REALTY AND BANKING HAVE SEEN HUGE DOWNFALL. AUTO AND TELECOM ALSO GIVEN UP AND NO STOCKS WHERE EXCEPTION TO THE SOMBRE MOOD IN THE MARKETS AND ALL STOCKS WERE BUTCHERED DOWN AND MARKET HAS COMPLETELY LIKE A SEA OF BLOOD.

TODAYMARKET MAY OPEN FLAT AND LIKELY TO REMAIN VOLATILE IF NIFTY TRADES ABOVE 4950 THEN LIKLEY TO SEE NIFTY TO MOVE UP TO 4997 AND TRADE ABOVE 5000 WOULD TAKE NIFTY TO 5020 LEVELS AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 4900 THEN WE MAY SEE NIFTY TO DRIFT DOWN TO 4860 AND THEN TO 4820 LEVELS AND ANY CLOSE BELOW YESTERDAYS CLOSING IS STILL CONSIDERED TO BE NEGATIVE AND ONE IS ADVISED TO STAY SHORT AND DO NOT GO LONG TILL THE MARKET IS BELOW 4950.

BUY ROLTA SL 166.4 TGT 168/173/178
BUY HEROHONDA SL 1853 TGT 1877/1885/1892
BUY ONGC SL 1019 TGT 1044/1067/1080
BUY BPCL SL 540 TGT 548/552/558


POSITIONAL TRADES
BUY WHIRPOOL TGT 315/450*