INTRADAY TIPS FOR 12 MAY 2011

GOOD MORNING!!!

MARKETS GOT OFF TO A QUIET START SHRUGGING LEADS FROM THE ASIAN EQUITY INDICES WHICH MOSTLY TRADED ON A POSITIVE NOTE AS INVESTORS IN THE REGION LARGELY REMAINED INFLUENCED BY THE WALL STREET WHICH EXTENDED UPTREND FOR THIRD STRAIGHT SESSION ON THE BACK OF GOOD EARNINGS ANNOUNCEMENTS AND SOME BIG CORPORATE DEALS. AFTER HITTING INTRADAY LOWS IN THE EARLY HOURS, THE FRONTLINE INDICES PARED ALL THE LOSSES AND MOVED INTO THE GREEN ZONE ON THE BACK OF BUYING IN REAL ESTATE, AUTOMOBILE AND METAL STOCKS. HOWEVER, THE SESSION LARGELY REMAINED CHARACTERIZED BY CHOPPINESS AS INVESTORS SEEMED RELUCTANT TO PILE UP HEFTY POSITIONS AHEAD OF IIP AND WPI DATA ALONG WITH THE OUTCOME OF ASSEMBLY POLLS DUE THIS WEEK AND INDULGED ONLY IN STOCK CENTRIC ACTIVITIES THROUGH THE SESSION.

TODAY MARKETS WOULD OPEN NEGATIVE AND CONTINUE TO REMAIN UNDERPRESSURE, IF NIFTY TRADES BELOW 5540 THEN LIKELY TO BE UNDER PRESSURE AND WOULD TAKE A MINOR SUPPORT AROUND 5520 LEVELS BREACH BELOW THIS WOULD TAKE NIFTY DOWN TO CRUCIAL SUPPORT OF 5500 POST WHICH, IT WOULD BLEED DOWN TO 5450 LEVELS ANY CLOSE BELOW 5500 LEVELS WE MAY HEAD DOWN MUCH FURTHER AND ONE IS ADVISED NOT TO TAKE ANY FRESH POSITIONS. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5576 ONE CAN SEE SOME AMOUNT OF PULL BACK RALLY TO 5592 LEVELS AND ONLY ABOVE 5600 ONE CAN INITIATE A FRESH BUY. ONE HAS TO BE VERY CAREFUL AHEAD OF INFLATION FIGURES ALONG WITH IIP DATA TO COME IN THE LATE AFTERNOON AND RESULTS OF POLLS WHICH ARE TO BE DECLARED TOMORROW WOULD DEFINE THE DIRECTION OF THE MARKETS. SO ONE IS ADVISED TO STAY CAUTIOUS.

INTRADAY TIPS FOR 11 MAY 2011

GOOD MORNING!!!

KEY INDICES GOT OFF TO A QUIET START TRACKING POSITIVE VIBES FROM THE ASIAN EQUITY INDICES WHICH MOSTLY TRADED ON A POSITIVE NOTE INFLUENCED BY THE OVERNIGHT GAINS IN WALL STREET WHICH EXTENDED THEIR LAST WEEK GAINS ON SUPPORT OF REBOUND IN THE COMMODITY PRICES. INVESTORS STARTED TO CASH IN ON POSITIONS FROM THE HIGHER LEVELS, LACKING CONVICTION THAT THE MARKETS MAY BE ABLE TO SUSTAIN THE INITIAL OPTIMISM AND SELLING GATHERED PACE IN THE MID NOON SESSION AS INVESTORS SQUARED OFF POSITIONS FROM THE BANKING AND CONSUMER DURABLES COUNTERS. EVENTUALLY THE BOURSES SNAPPED YET ANOTHER SESSION ON A FLAT NOTE WITH MARGINAL CUTS. BREADTH OF THE MARKETS REMAINED NEGATIVE. MARKETMEN AT LARGE REMAINED PRECAUTIOUS AHEAD OF IIP AND WPI DATA ALONG WITH THE OUTCOME OF ASSEMBLY POLLS DUE THIS WEEK AND INDULGED ONLY IN STOCK CENTRIC ACTIVITIES THROUGH THE SESSION. THE UNDERTONE CONTINUED TO REMAIN CAUTIOUS AMID MACROECONOMIC HEADWINDS LIKE INFLATIONARY PRESSURE AND RISING BORROWING COSTS PUMMELING INTEREST RATE SENSITIVE BANKING SECTOR STOCKS. MIXED CORPORATE EARNINGS ANNOUNCEMENT BY HEAVYWEIGHTS AND PLOUGH BACK OF FII FUNDS FROM THE DOMESTIC MARKETS TOO DID NOT GO DOWN WELL WITH LOCAL INVESTORS.

TODAY MARKETS WOULD OPEN FLAT AND RANGE BOUND AND CONTINUE TO REMAIN UNDER PRESSURE ON EVERY UPSIDE, IF NIFTY TRADES ABOVE 5573 THEN LIKELY TO MAKE AN UPMOVE TO 5591 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKE IT FURTHER UPSIDE TO 5626 LEVELS AND ANY CLOSE ABOVE 5600 IS CONSIDERED TO BE A POSITIVE SIGN IN THE NEAR TERM IN NIFTY. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5540 THEN LIKELY TO MAKE ITS DOWNSIDE MOVE TO 5519 AND THEN TO 5500 AND ANY BREAK BELOW 5500 WOULD NOT ONLY WEAKEN BUT ONE CAN INITIATE FRESH SHORTS IN THIS REGION LIKELY TO COME DOWN TO 5462 LEVELS. ONE CAN STAY SHORT IN NIFTY IF IT TRADES BELOW 5500 LEVELS.

POSITIONAL TRADES
BUY BATA TGT 600

INTRADAY TIPS FOR 10 MAY 2011

GOOD MORNING!!!

AFTER A SMART BOUNCE BACK IN THE LAST SESSION IT WAS TOTALLY A SESSION OF CONSOLIDATION AS WE HAVE SEEN INVESTORS WERE VERY RELUCTANT TO BUILD ANY POSITIONS AHEAD OF IIP DATA AND THE OUTCOME OF ASSEMBLY POLLS SCHEDULED TO BE ANNOUNCED LATER THIS WEEK. TODAY THE TRADING SESSION WAS COMPLETELY DOMINATED BY VOLATILITY AS TRADERS UTILIZED EVERY SMALL RISE TO CAPITALIZE. WE HAVE SEEN LACK OF CONVICTION BY FII’S AS THEY ARE STILL ON A NEGATIVE TRACK WHICH IS HURTING THE SENTIMENT OF THE INVESTORS ON THE LONG RUN, THEY ARE RELENTLESSLY PLOUGHING BACK THEIR FUNDS FROM THE MARKETS ON EXPECTATIONS THAT MACROECONOMIC HEADWINDS WILL EAT IN TO THEIR RETURNS IN THE TIME TO COME AND FORCE THE STOCK MARKETS TO UNDERPERFORM. INITIALLY MARKETS GOT OFF TO AN OPTIMISTIC START ON THE BACK OF SUPPORTIVE CUES FROM SOME OF THE ASIAN MARKETS WHICH INFLUENCED BY THE OPTIMISTIC CLOSE OF WALL STREET ON THE BACK OF BETTER THAN ANTICIPATED US PAYROLLS DATA ON THE LAST TRADING DAY. BUYING GATHERED SOME PACE IN THE INITIAL HOURS OF SECOND HALF AS INVESTORS COVERED THEIR SHORT POSITIONS HOWEVER, PROFIT BOOKING AT HIGHER LEVELS EVENTUALLY LED THE BOURSES TO SNAP THE SESSION AROUND PREVIOUS CLOSING LEVELS. BREADTH OF THE MARKETS REMAINED NEGATIVE.

TODAY MARKETS WOULD OPEN FLAT AND REMAIN RANGE BOUND. IF NIFTY TRADES ABOVE 5574 THEN LIKELY TO MAKE AN UPMOVE TO 5592 LEVELS AND ANY BREACH ABOVE THIS POINT WOULD TAKE NIFTY TO 5618 LEVELS AND THEN TO 5634 LEVELS, ANY CLOSE ABOVE 5600 WOULD BE CONSIDERED AS A GOOD BUY FOR THE NEXT SESSION. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5550 THEN LIKELY TO MAKE A SLIDE DOWN TO 5525 LEVELS AND BREACH BELOW THIS WOULD TAKE NIFTY TO 5503 AND ANY TRADE BELOW 5500 WOULD TAKE NIFTY TO MUCH LOWER LEVELS, IF TRADED BELOW 5500 THEN LIKELY TO SEE IMMEDIATELY AT 5470 LEVELS IF NIFTY CLOSES BELOW 5500 WE CAN SEE SOME MORE SLIDE IN THE DAYS AHEAD. ONE SHOULD BE CAREFUL BELOW 5500 AND ABOVE 5600 THIS 100 POINT BAND IS CRUCIAL FOR THE NIFTY IN THE DAYS AHEAD.

BUY HINDUSTAN UNILEVER SL 283 TGT 290/294/297
BUY BATA(I) SL 450 TGT 463/471/476
BUY SUMEET INDS SL 40 TGT 42.50/44/46

POSITIONAL TRADES
BUY MAN INDS TGT 125*
BUY COAL INDIA TGT 450*
BUY FEDERAL BANK SL 395 TGT 458/500*

INTRADAY TIPS FOR 09 MAY 2011

GOOD MORNING!!!

INDIAN MARKETS EMERGED EXULTANT AFTER ULTIMATELY BREAKING THE NINE BACK TO BACK SESSION DECLINING STREAK, THE LONGEST IN A DECADE, AND RETURNED BACK TO THE PATH OF RESURGENCE. THE FRONTLINE INDICES WITNESSED A RELIEF RALLY AS BEARS RAMPAGE WAS FINALLY BROUGHT TO A STANDSTILL AND BULLS SHOWCASED THEIR ENTHUSIASM ON A DAY WHEN STOCK MARKETS ACROSS THE GLOBE EXHIBITED BEARISH TREND. ESPECIALLY CRUDE OIL, STIMULATE GREAT DEAL OF ZEAL AMONG LOCAL INVESTORS, WHO LATELY KEPT TAKING MONEY OFF THE TABLE SESSION AFTER SESSION ON FEARS OF SPIRALING INFLATIONARY PRESSURE. THE FOUR SESSION DOWNTREND IN INTERNATIONAL CRUDE OIL PRICES, AFTER HITTING A 31-MONTH HIGH LEVEL LAST WEEK, GAVE A FILLIP TO STOCKS IN THE OIL AND GAS AND AIRLINE SECTORS WHICH ARE LARGELY LOOK ON INTERNATIONAL CRUDE PRICES. INITIALLY INDICES GOT OFF TO AN OPTIMISTIC START DESPITE THE SOMBER LEADS FROM MARKETS ACROSS THE GLOBE AS ASIAN MARKETS PROLONGED THEIR GLOOMY RUN ON BEING INFLUENCED BY THE OVERNIGHT WALL STREET WHICH EXTENDED ITS FALL ON THE BACK OF DECLINE IN THE COMMODITIES AND AN UNEXPECTED INCREASE IN THE UNEMPLOYMENT BENEFIT CLAIMS. THE MARKETS TRIED TO CAPITALIZE ON THE INITIAL MOMENTUM IN THE MORNING SESSION OF TRADE HOWEVER, IN THE EARLY AFTERNOON SESSION INDICES WENT ON TO TOUCH INTRADAY LOW LEVELS. BUT A STRONG SHORT COVERING RALLY FROM THE LOW POINT OF THE DAY ON THE BACK OF BOTTOM FISHING IN BADLY BUTCHERED RATE SENSITIVE COUNTERS HELPED THE INDICES TO EVENTUALLY SETTLE WITH GAINS. BREADTH OF THE MARKETS REMAINED POSITIVE AT THE CLOSE OF THE TRADE.

TODAY MARKETS WOULD OPEN FLAT TO POSITIVE AND CONTINUE TO BE UNDER PRESSURE AT EVERY HIGHER LEVELS, IF NIFTY TRADES ABOVE 5568 THEN LIKELY TO MOVE UP TO 5589 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5628 LEVELS AND ANY BREAK ABOVE THIS WOULD TAKE NIFTY TO 5654 LEVELS. ANY CLOSE ABOVE 5600 IS A GOOD SIGN FOR THE MARKETS AND WOULD MOVE FURTHER UPSIDE IN THE WEEK AHEAD. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5546 THEN LIKELY TO COME DOWN TO 5524 AND THEN TO 5481 AND ANY BREAK BELOW THIS POINT WOULD TAKE NIFTY 5450 LEVELS ANY CLOSE BELOW 5500 WOULD BE VERY WEAK IN THE WEEK AHEAD. STAY EXTREMELY CAUTIOUS ON THE UPSIDE AS NIFTY IS STILL WEAK ON THE POSITIONAL BASIS ONE HAS TO WAIT AND WATCH TILL NIFTY BREAKS 5600 LEVELS, ONE IS ADVISED NOT TO HOLD LONG POSITIONS OVERNIGHT IF NIFTY DOESN’T CLOSE ABOVE 5600 LEVELS.

BUY VIKASH METAL & POWER SL 18.90 TGT 19.80/20.65/21.40

INTRADAY TIPS FOR 06 MAY 2011

GOOD MORNING!!!

INDICES EXTENDED THE SORROW OF CLOSING IN THE RED TERRAIN FOR THE NINTH STRAIGHT SESSION. MARKETS GOT OFF TO A FLAT OPENING TRACKING THE GRAVE ASIAN MARKETS WHICH PROLONGED THEIR GLOOMY RUN AS SENTIMENTS LARGELY REMAINED INFLUENCED BY THE OVERNIGHT WALL STREET WHICH DECLINED ON CONCERNS OF JOBS MARKET AND SOME WEAK EARNINGS AND ECONOMIC REPORTS. THE INDICES SHOWED SOME SIGNS OF RECOVERY INITIAL IN THE MORNING SESSION BUT COULD NOT HOLD ANY LONGER AS THE PROFIT BOOKING AT HIGHER LEVELS TOOK ITS TOLL ON THE INDICES. PANIC SELLING IN THE INITIAL HOURS OF SECOND HALF PROVED COSTLY FOR THE BOURSES WHICH COULD NOT RECOUP THE LOSSES IN THE REST OF THE SESSION. THOUGH SOME SHORT COVERING WAS WITNESSED IN THE DYING HOURS OF TRADE, HOWEVER, THE RISE WAS UTILIZED BY BEARS TO TAKE PROFITS OFF THE TABLE AND BATTER THE BENCHMARKS TO THE SESSION’S LOWEST POINT BY THE END OF TRADE.

TODAY MARKETS WOULD REMAIN NEGATIVE AND CONTINUE TO BE UNDER PRESSURE, IF NIFTY TRADES BELOW 5448 THEN LIKELY TO COME DOWN TO 5419 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY DOWN TO 5387 LEVELS AND FURTHER TO 5365 LEVELS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5470 THEN WOULD MOVE UP TO 5500 LEVELS AND ANY BREAK ABOVE THIS LEVELS WOULD TAKE IT TO 5530 LEVELS AND ABOVE THAT 5574, ANY CLOSING ABOVE 5574 LEVELS IT WOULD CHANGE THE TREND IN THE MARKETS FROM NEGATIVE ZONE TO THE POSITIVE TERRITORY. ANY CLOSE BELOW 5365 WOULD TAKE NIFTY TO MUCH LOWER LEVELS.

INTRADAY TIPS FOR 05 MAY 2011

GOOD MORNING!!!

MARKETS AS THEY CONTINUED THEIR DECLINE FOR THE EIGHTH STRAIGHT SESSION, THE ONLY RESPITE CAME WITH THE DECLINE BECOMING LESS SEVERE FOR THE DAY. IT WAS A RANGE-BOUND DAY OF TRADE AND SLIGHTLY VOLATILE TOO. MARKETS OPENED ON A NEGATIVE NOTE TRACKING THE FEEBLE GLOBAL CUES FROM THE REGIONAL MARKETS. MARKETS TOOK STRONG SUPPORT AROUND THE CRUCIAL SUPPORT LEVELS IN NIFTY, THE TRADE REMAINED RANGE BOUND AND SLUGGISH LACKING POSITIVE TRIGGERS, BUT IN THE LATE AFTERNOON WE HAVE SEEN SOME SUDDEN BOUNCE BACK IN THE MARKETS WITH SHORT COVERING WHICH TOOK INDICES INTO GREEN FOR A BRIEF PERIOD BUT COULDN’T WITHSTAND MUCH AS THE INVESTORS LACKED CONFIDENCE IN THE MARKETS AS THEY TOOK OFF THE PROFITS FROM THE TABLE AT HIGHER LEVELS LEADING TO AGAIN A DOWNFALL, SOME HEAVY WEIGHTS TOO LOST THEIR MOMENTUM IN THE FINAL HOURS, UNABLE TO GIVE ANY SUPPORT TO THE MARKETS WHICH GOT DRAGGED LOWER.

TODAY MARKETS WOULD OPEN NEGATIVE AND REMAIN IN A NARROW RANGE BOUND. IF NIFTY TRADES BELOW 5517 THEN LIKELY TO MAKE ITS DOWNSIDE JOURNEY TO 5477 AND ANY BREACH OF THIS LEVEL WOULD TAKE NIFTY TO 5450 LEVELS AND THEN TO 5416 LEVELS. WE ARE STILL ON THE NEGATIVE TERRAIN AND CONTINUE TO BE UNDER PRESSURE TILL SOME BUYING INTEREST IS SEEN FROM FOREIGN INSTITUTIONAL INVESTORS AS THEY ARE CONTINUOUSLY ON THE SELLING SPREE. ON THE POSITIVE SIDE AS THE BREADTH ON THE POSITIONAL AND SHORT TERM IS NEGATIVE, POSITIVE BREADTH ON THE INTRADAY BASIS IS CONSIDERED ONLY IF NIFTY TRADES ABOVE 5565 LEVELS WE CAN SEE NIFTY TO MOVE UP TO 5582 LEVELS AND THEN TO 5618 LEVELS. AVOID HOLDING LONG POSITIONS.

INTRADAY TIPS FOR 04 MAY 2011

GOOD MORNING!!!

MARKETS GOT TREMORS AND SHOCKWAVES ACROSS THE BOURSES AFTER THE RBI’S POLICY WAS ANNOUNCED, THE POLICY MADE DALAL STREET SIMPLY BLEED. WHICH HAS NOT ONLY TRIGGERED LOT OF SHORT POSITIONS IN THE MARKETS BUT ALSO HAS PROVOKED MARKET PARTICIPANTS TO RUTHLESSLY SQUARE OFF THEIR POSITIONS ESPECIALLY FROM RATE SENSITIVE COUNTERS. THIS IS STRAIGHT SEVENTH TRADING SESSION WHERE WE HAVE SEEN MARKETS TRAVELLING SOUTH WARDS IN EVERY PHASE OF TRADING SESSION IT SEEMED LIKE THERE IS NO END TO THE DECLINE IN THE MARKETS, THE RBI’S 50 BPS HIKE IN REPO AND REVERSE REPO RATES MARKED ITS NINTH ATTEMPT TO EASE THE SPIRALING INFLATIONARY PRESSURE ON THE ECONOMY. THE RBI POLICY HIGHLIGHTED ITS WORRIES OVER THE CURRENT LEVELS OF INFLATION WHICH IT FORECAST WILL REMAIN ELEVATED THRU THE FY 2012 AND PEGGED IT AT AROUND 6% WITH AN UPWARD BIAS. THE BANK RATE AND CRR RATES WERE LEFT UNCHANGED BY RBI, HOWEVER IT UNEXPECTEDLY HIKED SAVINGS BANK RATE TO 4% FROM 3.5%, WHICH PROMPTED INVESTORS TO TRIM DOWN THEIR POSITIONS FROM BANKING STOCKS AS THEY FEARED THAT INCREASE IN INTEREST RATES WILL PUT PRESSURE ON THE NET INTEREST MARGINS OF BANKS. MOREOVER, THE CENTRAL BANK HAS FORECAST INDIA’S ECONOMIC GROWTH TO BE IN THE RANGE OF 7.4% TO 8.5% SIGNIFICANTLY LOWER THAN THE FORECAST OF 9% BY PM'S ECONOMIC ADVISORY COUNCIL, WHICH SPOOKED THE INTERESTS OF FOREIGN INVESTORS TOO. THE FII’S CONTINUED TO PLOUGH BACK THEIR FUNDS FROM DOMESTIC MARKETS ON EXPECTATIONS THAT MACROECONOMIC HEADWINDS WILL EAT IN TO THEIR RETURNS IN THE TIME TO COME AND FORCE THE STOCK MARKETS TO UNDERPERFORM. INITIALLY MARKETS GOT OFF TO A PESSIMISTIC OPENING AS LOCAL INVESTORS REMAINED EXTREMELY CAUTIOUS AHEAD OF RBI’S ANNUAL MONETARY POLICY MEET WHILE LEADS FROM THE ASIAN AND OVERNIGHT US MARKETS TOO REMAINED UNSUPPORTIVE. THE FRONTLINE INDICES GYRATED IN AN EXTREMELY NARROW RANGE FOR THE FIRST COUPLE OF HOURS HOWEVER THE BOURSES WITNESSED AN INESCAPABLE FREEFALL THEREAFTER AS THE RATE SENSITIVE COUNTERS LIKE BANKING, AUTOMOBILE AND REAL ESTATE BRUTALLY DRAGGED THE FRONTLINE INDICES. IN A THE ABSENCE OF ANY SHORT COVERING RALLY, THE SOUTHBOUND JOURNEY CONCLUDED ONLY WITH THE CLOSE OF TRADING SESSION AROUND THE LOW POINT OF THE DAY AFTER TAKING A NASTY BLOW. MARKETS PLUMMETED ON EXTREMELY LARGE VOLUMES BREADTH OF THE MARKET REMAINED ABYSMAL

TODAY MARKETS WOULD OPEN NEGATIVE AND TRADE IN A RANGE BOUND. IF NIFTY TRADES BELOW 5560 THEN WOULD COME DOWN TO 5513 LEVELS AND BREACH BELOW THIS POINT WOULD TEST 5466 AND ANY BREAK IN BELOW THIS POINT WOULD WILL FIND SUPPORT ONLY AT 5375 LEVELS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5585 THEN LIKELY TO MOVE UP TO 5621 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5657 LEVELS. IF NIFTY RECOVERS ONE HAS TO BEAR IN MIND THAT THE LOWEST POINT OF THE DAY HAS BE BROKEN IN ORDER TO INITIATE FRESH SHORTS, THIS WOULD BE VERY CRUCIAL. THE BIGGEST CHALLENGE IN MARKETS IS, FII’S ARE NOW AT SELLING SPREE TILL THE TIME THEY COME FORWARD TO SHOW SOME INTEREST ONE IS ADVISED NOT TO HOLD TOO MANY OPEN POSITIONS ON THE POSITIVE SIDE.

INTRADAY TIPS FOR 03 MAY 2011

GOOD MORNING!!!

IT TURNED TO BE YET ANOTHER TUMULTUOUS DAY OF TRADE FOR THE INDIAN STOCK MARKETS WHICH GOT THRASHED FOR THE SIXTH STRAIGHT SESSION TO END. INDICES GOT OFF TO AN OPTIMISTIC OPENING AS LEADS FROM THE ASIAN MARKETS REMAINED SUPPORTIVE SINCE INVESTORS SHOWED RENEWED FERVOR AFTER REPORTS THAT AL QAEDA’S ELUSIVE LEADER OSAMA BIN LADEN IS DEAD AND HIS BODY WAS RECOVERED BY US AUTHORITIES. BUT THE FRONTLINE INDICES FAILED TO KEEP THEIR HEAD ABOVE THE WATER AND SLIPPED IN THE NEGATIVE TERRAIN IN JUST MATTER OF SECONDS AND CONTINUED TO BLEED THEREAFTER. THE BOURSES SHOWED SOME SIGNS OF RECOVERY IN THE LATE MORNING SESSION AMID A SLEW OF ECONOMIC LEADS BUT FAILED TO GAIN ANY KIND OF MOMENTUM AND DIVED YET AGAIN AND THIS TIME DEEPER INTO THE RED TERRITORY. VOLUMES WERE NOT OF GREAT CONCERN BUT THE MARKET BREADTH WAS WEAK.

TODAY MARKETS WOULD OPEN NEGATIVE AND CONTINUE TO BE UNDER PRESSURE UNTIL NIFTY CROSSES 5762 IS BROKEN ON THE UPSIDE FOR INTRADAY TERMS. IF NIFTY TRADES BELOW 5704 THEN LIKELY TO COME DOWN TO 5668 LEVELS AND ANY FUTHER BREACH BELOW THIS POINT WOULD TAKE NIFTY DOWN TO 5618 ANY CLOSE BELOW THIS LEVEL WOULD DIRCTLY TAKE SUPPORT AT 5578 LEVELS. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5762 THEN LIKELY TO MOVE UPTO 5787 AND THEN TO 5805 LEVELS AND ANY CLOSE ABOVE 5805 LEVELS WOULD ELEVATE NIFTY TO FURTHER UPSIDE. SINCE THERE IS RBI POLICY REVIEW TODAY THERE MAY BE VERY HIGH VOLATILITY OF TRADES TO TAKE PLACE SO AVOID TAKING HEAVY POSITIONS AND STICK WITH LITTLE WIDER STOPLOSS AND CONTINUE TO HOLD THE POSITION AND ONCE THE STOPLOSS IS HIT TRY TO REVERSE THE TRADE AND CONTINUE TO HOLD IF NIFTY TRADES POSITIVE AT THE END OF THE DAY THEN LIKELY TO TAKE-OFF FROM THAT LEVELS.

INTRADAY TIPS FOR 02 MAY 2011

GOOD MORNING!!!

MARKETS ARE BEING SLAUGHTERED, SESSION AFTER SESSION DUE TO FEEBLE CORPORATE EARNINGS ANNOUNCEMENT AND FRAGILE MACROECONOMIC BACKDROP. THE FRONTLINE INDICES PASSED THROUGH AN EXTREMELY UNSTABLE DAY THOUGH THEY MANAGED FEW BRIEF STINTS INTO POSITIVE TERRITORY ONLY TO SUCCUMB TO UNRELENTING PROFIT BOOKING BY INVESTORS. THOUGH THE FRONTLINE INDICES TRIED HARD TO KEEP THEIR HEAD ABOVE THE WATER IN THE MORNING SESSION BUT SELLING EMERGED ON EVERY ATTEMPT TO MOVE ABOVE THE NEUTRAL LINE AS CONTINUOUS DISAPPOINTING RESULT ANNOUNCEMENTS BY MAJOR COMPANIES HIT SENTIMENTS. INDICES SNAPPED THE FIRST DAY OF A NEW F&O SERIES ON A DISAPPOINTING NOTE AS JITTERY INVESTORS SEEMED HELPLESS AMID AN INCREASINGLY VULNERABLE DOMESTIC SETUP. ON ONE HAND SPIRALING INTERNATIONAL CRUDE OIL PRICES HAVE BECOME THE HEADACHE OF POLICYMAKERS WHILE ON THE OTHER WORRIES OVER GLOBAL ECONOMIC RECOVERY LOOM LARGE GIVEN THE FACT THAT WORLD’S BIGGEST ECONOMY CONTINUES TO GROW AT A TEPID PACE. MARKET PARTICIPANTS ALSO RESORTED TO BROAD BASED POSITION SQUARING IN RATE SENSITIVE COUNTERS LIKE REALTY AND BANKEX AS THEY FELT THAT RBI WILL NOW BE FORCED TO ADOPT MORE AGGRESSIVE STANCE IN ITS ANNUAL MONETARY POLICY REVIEW MEET ON MAY 3RD.

TODAY MARKETS WOULD OPEN FLAT AND RANGE BOUND AND WOULD BE UNDER TREMENDOUS PRESSURE AT EVERY INCLINE. IF NIFTY TRADES BELOW 5733 THEN WOULD DROP DOWN TO 5700 LEVELS AND ANY BREAK BELOW THIS POINT WOULD TAKE NIFTY TO 5668 AND THEN TO 5618 LEVELS AND ANY BREACH BELOW 5600 LEVELS WOULD TAKE NIFTY TO 5555 LEVELS. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5776 THEN WOULD TAKE NIFTY TO 5830 LEVELS AND BREAK ABOVE THIS POINT WOULD FURTHER TAKE NIFTY TO 5887 LEVELS. BE CAUTIOUS WHEN NIFTY IS ON THE UPSIDE AS EVERY POSSIBILITY THAT NIFTY MAY SLIDE DOWN IN TRADE SINCE WE HAVE MONETARY POLICY REVIEW TOMORROW. BANKING AND REALITY WOULD BE UNDER TREMENDOUS PRESSURE AND WE MAY SEE STOCK SPECIFIC MOVES IN THE MARKETS.

BUY ASIAN PAINTS SL 2768 TGT 2800/2822/2858
BUY TITAN INDS SL 3986 TGT 4100/4200/4300/4400

INTRADAY TIPS FOR 29 APRIL 2011

GOOD MORNING!!!

IT TURNED OUT TO BE ANOTHER PATHETIC TRADING SESSION FOR THE MARKETS WHICH GOT POUNDED BY AROUND A PERCENTAGE POINT ON THE SETTLEMENT DAY OF APRIL SERIES. THE KEY INDICES EXTENDED THE THREE DAY DECLINING STREAK FOR THE FOURTH CONSECUTIVE SESSION AS THE SELLING PRESSURE GATHERED GREATER MOMENTUM AFTER GOVERNMENT RELEASED THE DISAPPOINTING FOOD INFLATION NUMBERS WHICH STAYED ABSOLUTELY FLAT AT 8.76% ON ANNUAL BASIS DURING WEEK-ENDED APRIL 16 COMPARED WITH 8.74% RECORDED IN THE PREVIOUS WEEK. WITH THE DOWNWARD TREND OF FOOD INFLATION COMING TO A HALT IN RECENT WEEKS, AND CORE INFLATION SHOWING A CONSIDERABLE UPTIC IN THE MONTHS OF FEBRUARY AND MARCH 2010, INFLATION CONTINUES TO REMAIN AT HIGHLY UNCOMFORTABLE LEVELS, MAKING THE GROWTH-INFLATION MIX INCREASINGLY COMPLEX AND THE JOB OF RESERVE BANK OF INDIA (RBI) INCREASINGLY DIFFICULT. MARKET PARTICIPANTS RESORTED TO BROAD BASED POSITION SQUARING AS THEY FELT THAT RBI WILL NOW BE FORCED TO ADOPT MORE AGGRESSIVE STANCE IN ITS ANNUAL MONETARY POLICY REVIEW MEET ON MAY 3RD.

TODAY NIFTY WOULD OPEN FLAT TO NEGATIVE AND CONTINUE TO BE UNDER PRESSURE IN THE ENTIRE DAY. IF NIFTY TRADES BELOW 5787 THEN LIKELY TO COME DOWN TO 5710 LEVELS AND ANY BREACH WOULD DRIFT DOWN TO MUCH LOWER TO ALMOST 5600 LEVELS SO ONE HAS TO BE VERY CAUTIOUS IN THE MARKET IF NIFTY BREAKS BELOW 5700 LEVELS. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5830 THEN ONE CAN SEE SOME POSITIVE WAVE IN THE NIFTY AND CAN TAKE NIFTY TO 5876 LEVELS AND THEN TO 5900 LEVELS BUT NIFTY IS UNDER GOOD PRESSURE SO ONE HAS TO WAIT AND WATCH THAN GOING LONGS IN THE NIFTY.

INTRADAY TIPS FOR 28 APRIL 2011

GOOD MORNING!!!

INDICES GOT OFF TO A POSITIVE OPENING TRACKING POSITIVE LEADS FROM THE ASIAN MARKETS, UNDERPINNED BY OVERNIGHT WALL STREET RALLY, SUPPORTED BY GOOD EARNINGS NUMBER AND BETTER THAN EXPECTED US CONSUMER CONFIDENCE DATA. THE FRONTLINE INDICES TRIED HARD TO KEEP THEIR HEAD ABOVE THE WATER BUT CONSTANT DISAPPOINTING RESULT ANNOUNCEMENTS BY MAJOR COMPANIES WEIGHED DOWN SENTIMENTS. THE INDICES DRIFTED DEEPER INTO THE RED TERRAIN AS POSITION SQUARING IN REALTY AND BANKING STOCKS INTENSIFIED IN THE AFTERNOON TRADE. THE PERSISTENT WEAKNESS ON HEAVYWEIGHT COUNTERS SUCH AS RELIANCE INDUSTRIES AND ICICI BANK SOON DRAGGED THE MARKETS TO INTRADAY LOW LEVELS AND ALL ATTEMPTS TO PULL BACK FROM THOSE LEVELS WENT IN VAIN. THE BOURSES EVENTUALLY SNAPPED THE SESSION ON A PESSIMISTIC NOTE AND EXTENDED THE DECLINING STREAK FOR THE THIRD STRAIGHT SESSION. MARKET BREADTH REMAINED NEGATIVE.

TODAY NIFTY WOULD OPEN FLAT AND RANGE BOUND. IF NIFTY TRADES ABOVE 5850 THEN LIKELY TO MOVE UP TO 5882 AND THEN TO 5900 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5918 AND BREAK ABOVE THIS WOULD TAKE FURTHER UPSIDE IN NIFTY. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5830 THEN LIKELY TO TRADE DOWN TO 5800 LEVELS AND ANY BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5757 LEVELS, IF NIFTY BREAKS 5700 ON THE DOWNSIDE WE CAN SEE A VERY DEEP DRIFT IN NIFTY AND ON THE UPSIDE IF NIFTY BREAKS 6000 WE CAN SEE A GREAT SURGE. SO ONE SHOULD KEENLY WATCH 5700 AND 6000 BOTH ON DOWSIDE AND UPSIDE

BUY ONGC SL 310 TGT 313.60/315.80/317
BUY EDUCOMP SL 473 TGT 478/482/487
BUY TATA CHEM SL 388 TGT 393/396/402
BUY KAJARIA CERAMICS SL 83.50 TGT 86/88/90

INTRADAY TIPS FOR 27 APRIL 2011

GOOD MORNING!!!

INDICES GOT OFF TO A QUIET START AS INVESTORS REMAINED CAUTIOUS TRACKING ASIAN EQUITIES WHICH WITNESSED HEAVY BOUTS OF PROFIT BOOKING ON THE BACK OF THE MIXED CORPORATE EARNINGS ANNOUNCEMENTS ON OVERNIGHT WALL. THE INDICES SLIPPED DEEPER IN TO THE RED ZONE AFTER THE FLAT OPENING, AS ACROSS THE BOARD POSITION SQUARING GATHERED MOMENTUM IN THE MORNING TRADE. HOWEVER, AFTER HITTING INTRADAY LOW LEVELS IN THE EARLY AFTERNOON SESSION THE MARKETS STAGED A SMART RECOVERY AND EVEN WENT ON TO STEAL A LOOK INTO THE GREEN TERRITORY TRACKING POSITIVE TRIGGERS FROM EUROPEAN MARKETS AND BETTER THAN EXPECTED RESULTS FROM THE CEMENT MAJORS AND REBOUND IN TELECOM STOCKS RESULTED IN SENTIMENT TURNAROUND AS INVESTORS COVERED SHORT POSITIONS NOT ONLY IN ACC, ULTRATECH BHARTI AIRTEL AND RCOM BUT ALSO IN BANKING AND AUTO HEAVYWEIGHTS LIKE SBI, ICICI BANK, TATA MOTORS AND BAJAJ AUTO, BUT SLIGHT PROFIT BOOKING IN A FEW BLUE-CHIP STOCKS IN THE DYING MOMENTS LED THE BOURSES TO EVENTUALLY SNAP THE SESSION ON A FLAT NOTE WITH A NEGATIVE BIAS. MARKETS HAVE REGISTERED VERY STRONG VOLUMES ON THE SECOND DAY OF F&O EXPIRY WEEK BUT BREADTH OF THE MARKET STILL REMAINED NEGATIVE.

TODAY MARKETS WOULD OPEN POSITIVE AND RANGE BOUND. IF NIFTY TRADES ABOVE 5900 THEN LIKLEY TO MOVE UP TO 5940 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6000 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO MUCH HIGHER LEVELS. AS 6000 LEVELS BEING VERY CRUCIAL ONE CAN LOOK AT SHORTING NIFTY WHEN NIFTY IS JUST BELOW 6000 LEVELS WITH A STOPLOSS OF 6000. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5876 THEN LIKELY TO MAKE ITS JOURNEY DOWNWARDS TO 5833 AND THEN TO 5800 AND ANY BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 5760 LEVELS. SINCE WE ARE IN THE LAST LEGS OF EXPIRY FOR THIS MONTH WE MAY SEE VERY VOLATILE AND CRAZY MOVEMENT IN THS MARKETS. STAY CAUTIOUS.

BUY APIL SL 621 TGT 640/650/670
BUY TRIVENI SL 107.75 TGT 110/112/114
BUY VIKASH METAL & POWER SL 17.60 TGT 18.70/19.30/20.50
BUY UFLEX SL 200 TGT 211/218/228*
BUY VENKYS (I) SL 719 TGT 750/770/800*
BUY JINDAL SAW SL 209 TGT 211.80/213.70/217*

INTRADAY TIPS FOR 26 APRIL 2011

GOOD MORNING!!!

INDICES GOT OFF TO A QUIET OPENING AS CAUTIOUS INVESTORS LACKED CONVICTION TO PILE UP POSITIONS LACKING SIGNIFICANT LEADS. BELOW EXPECTATION FIGURES FROM INDEX HEAVY-WEIGHT RELIANCE INDUSTRIES AND AXIS BANK DURING THE WEEKEND DRAGGED THE MARKET IN THE RED INITIALLY HOWEVER; THE BOURSES WENT AHEAD TO TEST THE 5,900 LEVELS WHICH ONCE AGAIN PROVED AS A STIFF RESISTANCE FOR THE INDICES AS THE MARKET GAVE UP SOME GAINS WITH A FEW BLUE-CHIP STOCKS RETREATING ON PROFIT TAKING. THEREAFTER THE INDICES TRADED IN A STIFF RANGE AROUND THE NEUTRAL LINE BUT SOON AFTER SENTIMENTS GOT WEIGHED DOWN IN THE DYING HOURS OF TRADE AS UPDATES FROM THE 2G CASE TRIAL HIT HEADLINES PROMPTING INVESTORS TO BOOK PROFITS IN SCAM LINKED SHARES LIKE RCOM, UNITECH AND DB REALTY, SOME POSITION SQUARING IN THE LATE HOURS EVENTUALLY BROUGHT THE INDICES MARGINALLY BELOW PREVIOUS CLOSE. THOUGH THE VOLUMES WERE VERY LESS THE BREADTH OF THE MARKET REMAINED NEGATIVE.

TODAY NIFTY WOULD OPEN FLAT TO NEGATIVE AND RANGE BOUND, NIFTY TO BE UNDER PRESSURE ON EVERY INCLINE. IF NIFTY TRADES BELOW 5885 THEN LIKELY TO COME DOWN TO 5857 LEVELS AND BREACH BELOW THIS LEVEL WOULD DRAG DOWN NIFTY TO 5840 LEVELS AND FURTHER BREACH OF THIS LEVEL WOULD WEAKEN NIFTY AND HEAD TOWARDS 5800 LEVELS, ONE CAN STAY SHORT IF NIFTY BREACHES 5840 LEVELS AND TRADES AND IF NIFTY CLOSES BELOW 5840 ONE CAN RETAIN SHORTS FOR THE NEXT TRADING DAY. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5930 ONLY THEN ONE IS ADVISED TO GO LONG AND ABOVE 5930 NIFTY LIKELY TO MOVE UP TO 6000 AND MAY FACE TOUGH RESISTANCE OVER THERE AND ONCE IF 6000 LEVELS ARE BROKEN THEN WE CAN SEE NIFTY TO MOVE UP MORE THAN 400 POINTS FROM THERE ON. ONE CAN GO SHORT AT HIGHER LEVELS AS THERE IS EVERY CHANCE OF DECLINE ON THE FOLLOWING REASONS
1. CRUDE SURGING, OIL PRICE LIKELY TO INCREASE PHENOMENALLY
2. RESULTS NOT REALLY VERY GREAT ACROSS MANY OF THE COUNTERS.
3. RBI LIKELY TO INCREASE THE RATES DURING ITS POLICY MEET IN THE FIRST WEEK OF MAY
4. INFLATION LIKELY TO SURGE ON ACCOUNT OF FUEL PRICE INCREASE.
5. POLITICAL ISSUES.
ONE IS ADVISED TO STAY CAUTIOUS ON THE LONGS CONSIDERING THE ABOVE FACTORS.

BUY THOMAS COOK SL 61 TGT 63/64/66
BUY WELSPUN (I) SL 63.50 TGT 66.90/68.70/71.85
BUY TRF SL 626 TGT 666/694/735

INTRADAY TIPS FOR 25 APRIL 2011

GOOD MORNING!!!

ON THURSDAY MARKETS GOT OFF TO A GAP UP OPENING AS IT CARRIED FORWARD THE ENTHUSIASM, AFTER THE SHARP RALLY OF PREVIOUS DAY AS INVESTORS’ MOOD REMAINED UPBEAT FOLLOWING THE RALLY IN ASIAN AND OVERNIGHT WALL STREET, SUPPORTED BY HEFTY GAINS IN TECHNOLOGY COUNTER AND REPORTS OF LARGER THAN PREDICTED RISE IN US EXISTING HOME SALES NUMBERS. AFTER THE FIRM OPENING, THE FRONTLINE INDICES CAPITALIZED ON THE INITIAL MOMENTUM AND WENT ON TO TEST THE RESISTANCE OF 5,900 LEVELS WHICH PROVED AS A STIFF RESISTANCE LEVELS FOR THE INDICES AS THEY ONCE AGAIN FALTERED AFTER INCHING CLOSER TO THOSE LEVELS AS THE MARKET GAVE UP SOME GAINS WITH A FEW BLUE-CHIP STOCKS RETREATING SLIGHTLY ON PROFIT TAKING. THEREAFTER INDICES OSCILLATED IN A NARROW RANGE THROUGH THE SECOND HALF OF TRADE AND ENDED ON A POSITIVE NOTE OF AROUND HALF A PERCENT GAINS IN THE INDICES, EVEN THOUGH MARKET BREADTH OF SLIGHTLY NEGATIVE MANAGED TO CLOSE POSITIVE.

TODAY MARKETS WOULD BE RANGE BOUND AND CONTINUE TO BE UNDER PRESSURE, WE CAN WITNESS SOME SELLING TO COME IN ANY TIME DURING THE MARKETS ON EVERY UPSIDE. IF NIFTY TRADES ABOVE 5930 ONE CAN GO LONG AND CONTINUE TO HOLD AS NIFTY LIKELY TO INCH HIGHER, IF NIFTY TRADES ABOVE 5930 THEN WE CAN SEE NIFTY TO MOVE UP TO 5958 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5975 AND THEN TO 6000 LEVELS WOULD ACT AS A TOUGH RESISTANCE, BUT ANY BREAK ANY DAY ABOVE 6000 LEVELS WOULD TAKE NIFTY TO 6400 LEVELS IMMEDIATELY IN A VERY SHORT SPAN OF TIME. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5885 ONE CAN SEE NIFTY TO 5850 AND THEN TO 5828 LEVELS , IF NIFTY TRADES BELOW 5828 THEN WE CAN SEE 5806 TO 5800 BUT IF NIFTY BREAKS THIS LEVELS THEN LIKELY TO COME DOWN TO 5870 LEVELS, BREAK BELOW 5870 LEVELS WE CAN SEE FURTHER WEAKNESS IN NIFTY.

BUY STERLITE INDS SL 178 TGT 180.40/181.40/183
BUY SESAGOA SL 321 TGT 326/330/335
BUY GESHIPPING SL 289 TGT 292.70/295/297.80
BUY RAIN COMMODITIES SL 169 TGT 175/180/184
BUY VST INDS SL 880 TGT 927/959/1000
BUY MRF SL 7396 TGT 7670/7848/8000
NOTE: BUY THE ABOVE RECOMMENDATIONS ONLY IF THEY OPEN POSITIVE

INTRADAY TIPS FOR 21 APRIL 2011

GOOD MORNING!!!

INDICES GOT OFF TO GOOD START AS SENTIMENTS REMAINED SANGUINE, THANKS TO ENCOURAGING LEADS FROM THE ASIAN AND OVERNIGHT US MARKETS WHICH REBOUNDED ON THE BACK OF BETTER THAN EXPECTED EARNINGS ANNOUNCEMENTS BY BLUE-CHIP STOCKS ALONG WITH SOME GOOD US HOME CONSTRUCTION REPORT. THE FRONTLINE INDICES, AFTER THE STRONG OPENING, GYRATED IN A TIGHT RANGE THROUGH THE FIRST HALF OF TRADE. BUT THE INDICES SLIPPED TO THE LOW POINT OF THE DAY AFTER REPORTS OF TRIAL COURT REJECTING BAIL TO 5 ACCUSED IN 2G CASE HIT HEADLINES. HOWEVER, AFTER SOME JITTERS, THE BENCHMARKS STABILIZED AND JUMPED BACK WITH GREATER CONVICTION. THOUGH MARKETS JUMPED UP BY 2% THE BREADTH OF THE MARKET REMAINED WEAK

TODAY MARKETS WOULD OPEN POSITIVE AND MAY WOULD REMAIN ON THE POSITIVE SIDE ONLY IF RELIANCE AND TATA MOTORS COME OUT WITH A DECENT SET OF NUMBERS ELSE MARKETS WOULD COME DOWN. STAY CAUTIOUS AT HIGHER LEVELS AROUND 5900 LEVELS. IF NIFTY TRADES ABOVE 5875 THEN LIKELY TO MOVE UP TO 5901 AND THEN TO 5933 LEVELS, AND ANY BREAK ABOVE 5933 MAY HAVE A SLIGHT RESISTANCE AROUND 5950 BUT ONCE THIS IS BREACHED WE MAY HEAD TO 6000 LEVELS. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5864 LEVELS THEN LIKELY TO MAKE ITS WAY DOWN TO 5827 AND THEN TO 5774 LEVELS AND ANY TRADE BELOW THIS LEVEL WOULD DRAG NIFTY TO 5705 LEVELS. BE CAUTIOUS IN THE MARKETS AS CRUDE IS INCHING HIGHER.

BUY TRIVENI ENGG SL 104 TGT 107.75/109.50/111.20
BUY HCL TECH SL 520 TGT 531/536/546
BUY APIL SL 605 TGT 620/633/639
BUY SUBEX SL 79.40 TGT 83/85/89

POSITIONAL TRADES

BUY IBREAL TGT 185

INTRADAY TIPS FOR 20 APRIL 2011

GOOD MORNING!!!

INDICES STARTED THE DAY ON A CAUTIOUS NOTE TRACKING THE ASIAN INDICES WHICH CRUMBLED IN THE MORNING TRADE, FOLLOWING THE OVERNIGHT PLUNGE ON WALL STREET AFTER S&P RAISED CONCERN ABOUT US’ DEBTS AND AFTER S&P’S WARNING TO DOWNGRADE US CREDIT RATING FROM AAA AND REVISION IN ITS CREDIT OUTLOOK TO NEGATIVE. INDICES WENT THROUGH AN EXTREMELY UNSTABLE SESSION OF TRADE, THE FRONT LINE STOCKS LACKED CONVICTION RIGHT FROM THE INITIAL MOMENTS OF TRADE AND WENT AHEAD TO HIT THE LOW POINT OF THE DAY IN THE MID MORNING SESSION. AFTER HITTING INTRADAY LOWS THE INDICES SOON HIT INTRADAY HIGH LEVELS WITHIN AN HOUR BUT FAILED TO CAPITALIZE ON THE MOMENTUM AMID HIGH VOLATILITY. THEREAFTER, THE BOURSES CONTINUED TO GYRATE AROUND THE NEUTRAL LINE TO EVENTUALLY SNAP THE SESSION IN THE GREEN ZONE WITH MARGINAL GAINS. BREADTH OF THE MARKETS REMAINED NEGATIVE

TODAY MARKETS WOULD OPEN POSITIVE AND RANGEBOUND. IF NIFTY TRADES ABOVE 5765 THEN LIKELY TO MOVE UP TO 5802 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5832 LEVELS AND THIS WOULD ACT AS GOOD RESISTANCE IN THE MARKETS. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5750 THEN LIKLEY TO COME DOWN TO 5718 AND BREAK BELOW THIS POINT WOULD DRAG NIFTY TO 5700 AND ANY BREAK BELOW 5700 WOULD TAKE NIFTY TO 5674 AND THEN TO 5600 LEVELS. ONE HAS TO BEAR IN MIND THAT NIFTY MAY NOT REALLY COME DOWN BELOW 5600 LEVELS ONE CAN START ACCUMULATING ON EVERY DECLINE FROM HERE ON AS WE MAY LIKLEY TO INCH HIGHER. WE HAVE SEEN VERY STOCK SPECIFIC MOVES IN THE MARKETS IN THE LAST COUPLE OF SESSIONS WHICH WOULD REMAIN THE SAME IN THE MARKETS FOR A BRIEF PERIOD OF TIME TILL THE RESULTS ARE FULLY OUT AS INVESTORS AS LITTLE APPREHENSIVE.

BUY DCB SL 61 TGT 63.80/65/67
BUY SUBEX AZURE SL 71.75 TGT 74/76/79
BUY KEI INDS SL 29.40 TGT 30.80/31.25/31.90

INTRADAY TIPS FOR 19 APRIL 2011

GOOD MORNING!!!

MARKETS STARTED THE DAY ON A POSITIVE NOTE TRACKING THE ASIAN INDICES WHICH MOSTLY TRADED IN GREEN ZONE AS INVESTORS SHRUGGED OFF UNPLEASANT REPORTS OF YET ANOTHER ANTI-INFLATIONARY MOVE BY CHINA, INDICES WERE ENERGETIC AS LEADS FROM THE US REMAINED OPTIMISTIC. AFTER THE FLAT START THE BENCHMARKS CAPITALIZED ON THE INITIAL MOMENTUM ON THE BACK OF SUSTAINED BUYING ACROSS THE BOARD. HOWEVER, THE INDICES TOOK A SHARP U-TURN AFTER TOUCHING RESISTANCE LEVELS OF 5,920, MARKET PARTICIPANTS RESORTED TO BROAD BASED POSITION SQUARING ON THE BACK OF MOUNTING INFLATIONARY PRESSURE WHICH THEY FELT WILL FORCE RBI TO ADOPT MORE AGGRESSIVE STANCE IN ITS ANNUAL MONETARY POLICY REVIEW MEET ON MAY 3RD. ABSENCE OF SUPPORTIVE LEADS FROM THE MARKETS ACROSS THE GLOBE TOO DID NO GOOD FOR THE LOCAL SENTIMENTS. THE WILT IN INTERNATIONAL CRUDE OIL PRICES BECAUSE OF DEMAND SIDE WORRIES TOO WENT UNNOTICED AS INVESTORS CONTINUED TO BOOK PROFIT AND PUNISHED THE TECHNOLOGY BELLWETHER INFOSYS FOR THE SECOND STRAIGHT DAY FOR ITS DISAPPOINTING EARNINGS AND GUIDANCE FOR FY12. WHILE PROFIT BOOKING IN BANKING HEAVYWEIGHT STOCK LIKE HDFC BANK AHEAD OF ITS QUARTERLY EARNINGS ANNOUNCEMENT LATER IN THE DAY LED TO PROFIT BOOKING IN OTHER BANKING MAJORS AND WITH THE ABSENCE OF ANY SHORT COVERING RALLY, THE BOURSES CONTINUED THEIR FREEFALL ONLY TO SETTLE AROUND THE LOWER LOWS OF THE DAY THE BREADTH OF THE MARKET REMAINED NEGATIVE AND CLOSED MUCH BELOW THE SUPPORT LEVELS.

TODAY MARKETS WOULD OPEN NEGATIVE TRACKING THE GLOBAL CUES. IN THE LAST TRADING SESSION WE HAVE SEEN THAT NIFTY HAS BROKEN THE CRUCIAL SUPPORT WHERE NIFTY LIKELY TO TRAVEL DOWN TO 5660 LEVELS ON THE BROAD LINES. ON INTRADAY PERSPECTIVE IF NIFTY TRADES BELOW 5725 THEN LIKELY TO COME DOWN TO 5660 LEVELS AND BREAK BELOW 5660 WE WOULD TRAVEL DOWN TO 5630 LEVELS AND WE MAY TAKE MAJOR SUPPORT AT 5600 LEVELS IF NIFTY BREAKS DOWN 5630. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5760 ONE CAN TAKE LONG POSITION ON INTRADAY FRONT FOR A TARGET OF 5796 AND THEN BREAK ABOVE THAT POINT WOULD TAKE IT TO 5845. LAST DAY WE HAVE WITNESSED HUGE SELLING WITH GOOD VOLUMES SO ONE HAS TO BE CAUTIOUS TAKING LONG POSITIONS.

INTRADAY TIPS FOR 18 APRIL 2011

GOOD MORNING!!!

A BREAK WITH A NASTY BLOW IN INDICES LED BY DREADFUL INFOSYS RESULTS, THE FLAVOR OF A HECTIC EARNING SEASON TURNED BITTER RIGHT FROM THE VERY START AND THE FRONTLINE INDICES TOOK A BLOW AFTER IT BELLWETHER INFOSYS REPORTED BELOW EXPECTATION QUARTERLY EARNINGS AND GAVE EVEN LOWER THAN EXPECTED EPS GUIDANCE FOR FY12. MATTER GOT EVEN WORSE WITH THE RELEASE OF SCARY MARCH MONTH INFLATION NUMBERS WHICH SPIRALED TO 8.98% FROM 8.31% IN THE PREVIOUS MONTH, CASTING A GLOOMY SHADOW OVER THE ECONOMY’S OUTLOOK. SURGE IN INFLATION NUMBERS HAS INCREASED THE TROUBLE OF POLICY MAKERS AND THE RBI IS EXPECTED TO ADOPT MUCH MORE AGGRESSIVE STANCE IN ITS ANNUAL MONETARY POLICY REVIEW MEET ON MAY 3RD. IT IS EXPECTED THAT THIS TIME AROUND IT MAY NOT JUST TAKE BABY STEPS BY HIKING BENCHMARK RATES BY JUST 25 BPS INSTEAD IT COULD BITE THE BULLET AND HIKE RATES BY 50 BPS TO COOL THE SPIRALING INFLATION WHICH HAS VEHEMENTLY HOVERED AT ELEVATED LEVELS FOR A LONG TIME NOW. IT WAS ALL-IN-ALL A ROLLERCOASTER RIDE THROUGHOUT THE WEEK WITH UPS AND DOWNS IN THE MARKETS BUT CLOSED IN A NEGATIVE BIAS AT THE END OF THE WEEK. BREADTH OF THE MARKETS REMAINED VERY WEAK AND CLOSED BELOW THE PSYCHOLOGICAL LEVELS.

TODAY MARKETS WOULD OPEN NEGATIVE WITH RANGE BOUND BUT WOULD CONTINUE TO REMAIN UNDER PRESSURE WITH RESULTS STARTING IN A VERY BEARISH NOTE AND WE MAY SEE STOCK SPECIFIC MOVES AHEAD OF THE WEEK WITH THE RESULTS BUT IF WE WITNESS ANY NEGATIVE NEWS IN THE RESULT FROM THE FRONT END COUNTERS WE MAY SEE ANOTHER GREAT RALLY OF SELL-OFF, CURRENTLY MARKETS ARE AT A STAGE OF PANIC WITH THE INFOSYS BLOW IN THE MARKETS FOLLOWED BY YET AGAIN THE OLD TRIPLE I’S VIZ. IIP NUMBERS, INFLATION AND INTEREST RATES WHICH WOULD CONTINUE TO PRESSURIZE THE MARKETS IN THE WEEK AHEAD WITH INVESTORS WOULD RESORT TO BROAD BASED PROFIT BOOKING WITH IIP NUMBERS AND INFLATION FIGURES. IF NIFTY TRADES BELOW 5796 THEN LIKELY TO DIP DOWN TO 5750 LEVELS AND ANY BREAK BELOW THIS POINT WOULD DRAG NIFTY TO FURTHER LOWS AND WEAKEN THE IMMEDIATE TREND IN THE MARKET AND WOULD DRAG NIFTY TO LEVELS MUCH BELOW 5660 LEVELS. ON THE FLIP SIDE IF MARKETS TRADE ABOVE 5860 LEVELS ONLY THEN ONE CAN LOOK AT OPENING A LONG POSITION ON THE INTRADAY TERMS AND IF IT MOVES ABOVE 5860 LEVELS THEN LIKELY TO MAKE ITS JOURNEY TO 5890 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5920 LEVELS, ONE CAN RETAIN LONGS IF NIFTY TRADES CLOSES ABOVE 5900 LEVELS AND ON THE NEGATIVE SIDE IF NIFTY CLOSES BELOW 5785 LEVELS THEN ONE CAN SEE NIFTY TO SLIDE DOWN FURTHER AND ONE CAN HOLD THE POSITIONS OVERNIGHT.

BUY HEROHONDA SL 1824 TGT 1845/1863/1890

BUY UFLEX SL 183 TGT 190/195/199

BUY FEDERAL BANK SL 443 TGT 450/454/457

INTRADAY TIPS FOR 15 APRIL 2011

GOOD MORNING!!!

MARKETS OPENED ON A WEAK NOTE AS LEADS REMAINED SUBDUED FROM THE ASIAN MARKETS WHERE MOST INDICES TRADED BELOW THE NEUTRAL LINE TRACKING DISCOURAGING CUES FROM THE OVERNIGHT US MARKETS WHICH PLUNGED ON THE BACK OF RISING CONCERNS OVER JAPANESE NUCLEAR CATASTROPHE AND ALSO BECAUSE OF THE UNANTICIPATED DROP IN US EXPORTS. SELLING PRESSURE IMMEDIATELY GOT ARRESTED AFTER THE WEAK START AS INVESTORS OPTED TO PILE UP POSITIONS IN THE BEATEN DOWN RATE SENSITIVE AND CAPITAL GOODS COUNTERS. HOWEVER, BUYING GATHERED GREATER MOMENTUM IN RATE SENSITIVE COUNTERS LIKE AUTO AND BANKING AND IT COMPANIES ALONG WITH OTHER BLUE CHIP STOCKS IN THE SECOND HALF OF TRADE AND THE INDICES SAILED BEYOND VARIOUS PSYCHOLOGICAL LEVELS ON THE UPSIDE. EVENTUALLY, THE UPWARD JOURNEY HALTED AROUND THE HIGH POINT OF THE DAY ABOVE THE CRUCIAL 5,900 LEVELS. MARKETS REGISTERED STRONG VOLUMES ALONG WITH THE BREADTH WHICH REMAINED HIGHLY OPTIMISTIC TODAY MARKETS WOULD OPEN SLIGHTLY NEGATIVE AND TRADE RANGE BOUND. IF NIFTY TRADES 5920 THEN LIKELY TO MAKE ITS DOWNWARD JOURNEY TO 5874 LEVELS AND BREAK BELOW THIS POINT WOULD DRAG NIFTY FURTHER DOWNSIDE TO 5830 LEVELS AND ANY BREAK WOULD TAKE DOWN TO 5800 AND ANY BREAK BELOW 5800 ONE CAN RETAIN SHORTS FOR THE NIFTY TO SLIDE FURTHER IN THE NEXT FEW SESSIONS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5950 LEVELS LIKELY TO MAKE ITS JOURNEY TOWARDS 6000 LEVELS AND BREAK AND TRADE ABOVE THIS POINT WOULD TAKE NIFTY TO 6043 LEVELS AND THEN TO 6070 LEVELS AND ANY CLOSE ABOVE 6000 LEVELS WOULD TAKE NIFTY TO 6122 LEVELS.

INTRADAY TIPS FOR 13 APRIL 2011

GOOD MORNING!!!

MARKETS STARTED THE DAY ON A WEAK NOTE TRACKING SUBDUED LEADS FROM THE ASIAN MARKETS MOST MARKETS HAVE COME OFF THE DAY’S HIGH LEVEL ON THE BACK OF PROFIT BOOKING AHEAD OF THE QUARTERLY CORPORATE EARNINGS ANNOUNCEMENTS. AFTER THE WEAK START SELLING PRESSURE GATHERED GREATER FORCE AFTER GOVERNMENT RELEASED WEAKER THAN EXPECTED FEBRUARY IIP NUMBERS WHICH GREW AT A TEPID PACE OF 3.6%, TRIGGERING HEAVY SELL-OFF IN CAPITAL GOODS COUNTER. WHILE THE MARGINAL WILT IN INTERNATIONAL CRUDE OIL PRICES WHICH SPIRALED AT UNCOMFORTABLE LEVELS TOO FAILED TO ENTHUSE THE LOCAL MOOD AS PROSPECT OF LONG-TERM SUPPLY CUTS IN CRUDE OIL UNDERMINED SENTIMENTS. INVESTORS AND TRADERS FEARED THAT RISING OIL PRICES WOULD LEAD TO HEIGHTENED INFLATIONARY PRESSURE WHICH IN TURN WILL COMPEL THE RBI TO TAKE STERN POLICY ACTIONS IN ITS ANNUAL MONETARY POLICY REVIEW MEET NEXT MONTH. THE FRONTLINE INDICES FAILED TO SHOW ANY KIND OF RESILIENCE THEREAFTER AND TRADED NEGATIVE. THE MARKETS SAW POSITION SQUARING THROUGH THE DAY AND EVENTUALLY FINISHED THE DAY’S TRADE AROUND THE DAY’S LOW LEVEL. MARKET BREADTH REMAINED NEGATIVE.

TODAY MARKETS WOULD OPEN NEGATIVE AND CONTINUE TO TRADE ON THE NEGATIVE BIAS. IF NIFTY TRADES BELOW 5800 THEN LIKELY TO COME DOWN TO 5775 AND THEN TO 5750 LEVELS AND ANY BREACH BELOW 5750 WOULD DRAG NIFTY DOWN TO 5695 LEVELS. ONE HAS TO BE CAREFUL AT 5700 LEVELS AS NIFTY LIKELY TO TAKE SUPPORT AROUND THIS LEVELS BUT IF NIFTY CLOSES BELOW THIS POINT THEN WE CAN SEE NIFTY TO COME DOWN TO 5676 LEVELS. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5811 THEN LIKELY TO MOVE UP TO 5848 LEVELS AND IF NIFTY TRADES ABOVE 5850 THEN THE ENTIRE DYNAMICS OF THE MARKETS CHANGE AND WILL TURN POSITIVE. IF NIFTY CLOSES ABOVE 5850 ONE CAN RETAIN LONGS FOR THE NEXT DAY.

INTRADAY TIPS FOR 11 APRIL 2011

GOOD MORNING!!!

MARKETS STARTED THE DAY ON A FLAT NOTE AFTER THREE CONSECUTIVE DAYS OF CONSOLIDATION, SENSE OF WEAKNESS FINALLY GOT TRICKLED IN TO THE LOCAL MARKETS WITH REAL SIGNS OF PROFIT BOOKING EMERGING ON THE LAST TRADING DAY OF THE WEEK. INVESTORS OVERLOOKED THURSDAY'S 7.1 MAGNITUDE AFTERSHOCK IN JAPAN AS THEY EXPECTED THAT DAMAGE DUE TO THE NATURAL CALAMITY WOULD BE LESS THAN INITIALLY FEARED. THE MARKETS TRADED IN THE GREEN ZONE FOR A BRIEF PERIOD AND DRIFTED INTO THE NEGATIVE TERRITORY SOONER THAN LATER AS THE INDICES MET WITH SEVERE RESISTANCE AT PSYCHOLOGICAL LEVELS. THE BOURSES MADE A DESPERATE ATTEMPT TO RISE ABOVE THE NEUTRAL LINE IN THE NOON TRADES BUT FAILED MISERABLY AS THEY WENT AHEAD TO MAKE FRESH INTRADAY LOW LEVELS IN THE LATE HOURS. SELLING PRESSURE IN HEAVYWEIGHTS GATHERED FORCE AFTER BRENT CURDE PRICES SURGED ABOVE $124 PER BARREL LEVEL, ADDING OVER A PERCENT POINT IN THE SESSION, ON REPORTS THAT FIERCE FIGHTING IN LIBYA DAMAGED THE COUNTRY'S LARGEST OIL FIELD EMERGED. THE REPORTS BUTTRESSED INTERNATIONAL OIL PRICES WHICH LED TO POSITION SQUARING ACROSS THE BOARD AS PROSPECT OF LONG-TERM SUPPLY CUTS IN CRUDE OIL UNDERMINED LOCAL MOOD AS INDIA IS DEPENDENT ON IMPORTS OF OIL TO THE EXTENT OF AROUND 80%. BOURSES FEARED THAT RISING OIL PRICES WOULD LEAD TO HEIGHTENED INFLATIONARY PRESSURE WHICH IN TURN WILL COMPEL THE RBI TO TAKE POLICY ACTIONS IN ITS ANNUAL MONETARY POLICY REVIEW MEET NEXT MONTH. HOWEVER, LATE SHORT COVERING BY INVESTORS HELPED THE BENCHMARKS TO CLAW BACK TO SOME EXTENT AFTER TOUCHING THE LOW POINT OF THE DAY TO EVENTUALLY SNAP YET ANOTHER SESSION IN THE RED TERRAIN. MARKET BREADTH TURNED NEGATIVE.

TODAY MARKETS WOULD OPEN NEGATIVE AND CONTINUE TO REMAIN ON THE NEGATIVE TERRITORY AND MAY WEAKEN ON THE CONCERNS OF OIL PRICES AS THEY ARE INCHING HIGHER AND HIGHER WHICH WILL PUT LOT OF PRESSURE ON THE INFLATION WHICH WILL IN TURN PAVE WAY TO THE REVIEW IN MONETARY POLICY, MARKETS MAY TAKE A CONSERVATIVE STAND FROM HERE ON AS THE INFLATION PRESSURE WILL HAUNT THE STREETS VERY BADLY FROM HERE ON TILL THE TIME CRUDE DOESN’T COOL. IF NIFTY TRADES BELOW 5872 ONE CAN STAY SHORT AND FOR A TARGET OF 5827 AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY DOWN TO 5800 AND BREACH BELOW THIS LEVEL WOULD DRIFT DOWN TO 5765 LEVELS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5885 THEN ONE CAN INITIATE LONGS FOR A TARGET OF 5908 AND THEN TO 5921 AND 5944 WHICH IS REMOTE FOR TIME BEING. STAY CAUTIOUS IN THE MARKETS FOR TAKING LONG POSITIONS AS THIS IS NOT THE IDEAL TIME TO DO SO, WE MAY SEE ONLY STOCK SPECIFIC ACTIVITY ON THE UP MOVE ONLY ON THE BASIS OF RESULTS. IIP NUMBERS MAY CHANGE THE DIRECTION AT ONE STAGE BUT MAY NOT HOLD TO THE MAXIMUM, IIP NUMBERS EXPECTED TO BE POSITIVE FOR THE STREET.

BUY ESSAR OIL SL 138 TGT 143/145/149

BUY SUZLON ABOVE 55.30 SL 55 TGT 56.30/57/58

INTRADAY TIPS FOR 08 APRIL 2011

GOOD MORNING!!!

INDICIES OPENED ON A FLAT NOTE TRACKING LEADS FROM ASIAN INDICES WHICH WERE TRADING MIXED AS INVESTORS REMAINED ON SIDELINES SEEING THE MODEST RISE IN THE WALL STREET AS CONCERNS OVER SPIRALING CRUDE OIL PRICES WHICH TRIGGERED HIGHER. INDICES CONTINUED TO TRADE ON A SOMBER NOTE THROUGH THE FIRST HALF BUT MADE A DESPERATE ATTEMPT TO RISE ABOVE THE NEUTRAL LINE IN AFTERNOON SESSION TRACKING THE POSITIVE OPENING OF THE EUROPEAN PEERS. HOWEVER, THE INDICES SOON DRIFTED INTO THE RED ZONE AFTER TOUCHING THE HIGHPOINT OF THE DAY IN THE MID AFTERNOON SESSION AS CAUTIOUS INVESTORS CHOSE TO BOOK PROFITS AT HIGHER LEVELS. FINALLY, THE BOURSES FAILED TO KEEP THEIR HEAD ABOVE THE WATER FOR YET ANOTHER SESSION AND SETTLED WITH MARGINAL LOSSES BELOW THE PSYCHOLOGICAL 5,900. THOUGH THE BREADTH OF THE MARKETS WERE EXTREMELY POSITIVE THE VOLUMES WERE ON LOWEST IN THE LAST FEW MONTHS.

TODAY MARKETS WOULD OPEN FLAT AND REMAIN IN A NARROW RANGE. WE MAY SEE NIFTY TO REMIAN VERY VOLATILE AND RANGE BOUND AND IF THERE IS ANY FURTHER SURGE IN THE OIL PRICES AND ANY REVIVAL IN CREDIT POLICY BY RBI THEN WE MAY WITNESS SOME SELLING ALONG WITH SOME PROFIT BOOKING IN THIS FAST RALLY. EVEN WITH NEWS LILKE SURGING OIL PRICES AND OTHERS MAY NOT PUT INDICES IN A DEEP TROUBLE AS WE HAVE BEEN NOTICING THAT CONSISTENT FOREIGN FUND INFLOW, SECOND CONSECUTIVE DROP IN INDIA’S WEEKLY FOOD INFLATION NUMBERS AND EXPECTATIONS OF UPBEAT QUARTERLY EARNINGS PERFORMANCES BY HEAVYWEIGHTS COMPANIES IN FOURTH QUARTER LIMITED THE DOWNSIDE RISKS FOR THE FRONTLINE INDICES TO THE MAXIMUM EXTENT. IF NIFTY TRADES BELOW 5898 THEN LIKELY TO COME DOWN TO 5886 AND THEN TO 5867 AND ANY FURHTER BREACH BELOW THIS POINT WOULD TAKE NIFTY TO 5850 LEVELS, IF NIFTY CLOSES BELOW 5867 THEN ONE CAN RETAIN SHORTS OVER NIGHT. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5918 LEVELS THEN LIKELY TO MAKE AN UPMOVE TO 5936 AND THEN TO 5950 LEVELS ONE HAS TO STAY CAUTIOUS ON THE UPSIDE FOR TIME BEING THOUGH WE MAY WITNESS STOCK SPECIFIC MOVES TO TAKE PLACE. FERTILIZERS LOOK GOOD.

BUY MIC SL 27.60 TGT 29.25/30/30.75

POSITIONAL TRADES

BUY CHAMBALFERT TGT 100

BUY UNITECH TGT 65

BUY GMR INFRA TGT 55

BUY ABAN TGT 850

BUY BIOCON TGT 450

BUY BATA (I) TGT 550

BUY JP POWER TGT 65

INTRADAY TIPS FOR 07 APRIL 2011

GOOD MORNING!!!

INDICES STARTED THE DAY ON AN ABSOLUTELY FLAT NOTE SINCE LEADS FROM THE ASIAN MARKETS WERE MIXED AS INVESTORS REMAINED CAUTIOUS ON THE BACK OF UNENTHUSIASTIC CLOSING IN OVERNIGHT WALL STREET, WHERE FED OFFICIALS RAISED CONCERNS THAT HIGHER ENERGY PRICES COULD WEAKEN THE ECONOMY. THE INDICES AFTER TRADING ABOVE NEUTRAL LINE FOR AROUND AN HOUR DRIFTED IN TO THE RED AND SOON GOT DRAGGED TO INTRADAY LOW LEVELS. THEREAFTER THE INDICES MANAGED TO BOUNCE BACK INTO THE GREEN TERRAIN FOR A BRIEF PERIOD IN THE EARLY NOON SESSION AS HEFTY BUYING WAS WITNESSED IN REALTY AND CONSUMER DURABLE STOCKS. HOWEVER, THE RECOVERY PROVED TO BE SHORT LIVED AND IMMEDIATELY SLIPPED BACK INTO THE RED ONLY TO KEEP GYRATING IN A NARROW BAND THROUGH THE END OF TRADE. EVENTUALLY THE FRONTLINE INDICES CONSOLIDATED THEIR POSITIONS FOR YET ANOTHER DAY AND SETTLED AROUND WITH MODERATE LOSSES BELOW PSYCHOLOGICAL LEVELS. THOUGH MARKETS CLOSED NEGATIVE THE BREADTH REMAINED POSITIVE FOR THE MARKET.

TODAY NIFTY WOULD OPEN FLAT AND RANGE BOUND. IF NIFTY TRADES BELOW 5900 THEN LIKELY TO COME DOWN TO 5865 LEVELS AND BREAK BELOW THIS POINT WOULD SLIDE NIFTY DOWN TO 5825 LEVELS AND ANY BREAK AND CLOSE BELOW THIS POINT WOULD TAKE NIFTY DOWN TO 5744 LEVELS. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5936 THEN LIKELY TO MOVE UP TO 5975 AND ABOVE THIS POINT WOULD TAKE NIFTY TO 6000 WHERE IT WOULD FACE A TOUGH RESISTANCE. IF NIFTY CLOSES BELOW 5865 THEN ONE CAN CARRY SHORT POSITIONS TO THE NEXT DAY. STAY CAUTIOUS ON THE UPSIDE FOR TIME BEING AS THERE IS EVERY POSSIBILITY FOR THE MARKETS TO RETRACE AS THERE IS GOOD AMOUNT OF UPSIDE SEEN IN THE LAST 10 TRADING SESSIONS.

INTRADAY TIPS FOR 06 APRIL 2011

GOOD MORNING!!!

INDICES GOT OFF TO A POSITIVE START AS INVESTORS REMAINED OPTIMISTIC AMID EXPECTATIONS OF ENCOURAGING FOURTH QUARTER EARNINGS BY CORPORATE. HOWEVER, THE INDICES SLIPPED INTO THE RED TERRAIN AS INVESTORS REMAINED CAUTIOUS RIGHT FROM THE INITIAL HOURS OF TRADE AS LEADS FROM ACROSS THE WORLD REMAINED SUBDUED BECAUSE OF ESCALATING PRICES OF INTERNATIONAL CRUDE WHICH ARE HOVERING AROUND THE HIGHEST LEVEL SINCE 2008 ON THE BACK OF GEOPOLITICAL RISKS TO SUPPLIES AND ON EXPECTATIONS OF IMPROVING ECONOMIC GROWTH. THE INDICES MOVED ONLY SIDEWAYS IN A TIGHT RANGE TILL MID MORNING SESSION BUT DRIFTED TO INTRADAY LOWS IN THE INITIAL MOMENTS OF THE SECOND HALF. HOWEVER, A SUDDEN REVIVAL IN METALS AND INFORMATION TECHNOLOGY WAS WITNESSED THEREAFTER AS INVESTORS COVERED THEIR SHORT POSITIONS IN THE DYING HOURS OF TRADE TO EVENTUALLY RECOVER MOST OF THE LOST GROUND AND SETTLE AROUND THE CRUCIAL SUPPORT LEVELS. THE BREADTH STILL REMAINS POSITIVE IN THE MARKET.

TODAY MARKETS WOULD OPEN FLAT AND WOULD TRADE IN A NARROW RANGE UNTIL THE LEVELS IN NIFTY ARE BROKEN ON THE UPPER OR THE LOWER BAND. IF NIFTY TRADES BELOW 5925 THEN LIKELY TO TRADE DOWN TO 5897 LEVELS AND THEN TRADE BELOW THIS LEVEL WOULD DRIFT DOWN TO 5865 AND THEN TO 5810 LEVELS. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5946 THEN LIKELY TO MAKE ITS JOURNEY TOWARDS 5974 AND THEN TO 6000 LEVELS BREAK AND TRADE ABOVE 6000 WOULD TAKE NIFTY TO 6050 LEVELS. ONE NEEDS TO REMAIN CAUTIOUS FROM THE CURRENT LEVELS WHERE NIFTY IS TRADING. WE MAY SEE EXTREMELY STOCK SPECIFIC MOVES TO SECTOR SPECIFIC MOVES AND WE MAY TRADE IN NARROW RANGES IN NIFTY AS WELL AS STOCKS. NEXT MARKETS DRIVER WOULD BE RESULTS KEEP A VIGIL ON THEM.

INTRADAY TIPS FOR 05 APRIL 2011

GOOD MORNING!!!

INDICES GOT OFF TO A STEADY START IN THE MORNING TRADE TRACKING LEADS FROM ASIAN MARKETS WHICH TRADED WITH CONVICTION AS SENTIMENTS TOOK SUPPORT FROM WALL STREET WHICH CLOSED HIGHER ON FRIDAY. INDICES PARED SOME OF ITS INITIAL GAINS IN THE MID-MORNING SESSION WHERE IT TOUCHED INTRADAY LOW LEVELS. HOWEVER, A SUDDEN REVIVAL WAS WITNESSED THEREAFTER AS STOCKS OF AUTO AND IT COMPANIES WITNESSED HUGE BUYING INTEREST WHICH EVENTUALLY TOOK INDICES TO NEW HIGHS, THOUGH THERE WAS GOOD AMOUNT OF PRICE HIKES SEEN IN STOCKS THERE IS A POINT OF CONCERN WHICH IS NOT REALLY GOOD FOR THE MARKETS THEY ARE VOLUMES, VOLUMES WERE VERY LOW THOUGH THE BREADTH OF THE MARKET IS STRONG WHICH IS A CLEAR INDICATION OF UNDERTONE OF MARKETS TO BE STILL SKEPTICAL, AS THE RECORDED VOLUMES IN THE LAST DAY IS AGAIN ONE OF THE LOWEST VOLUME DAY.

TODAY IF MARKETS OPEN ABOVE 5950 THEN LIKELY TO MOVE UP TO 5974 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6000 LEVELS AND ANY BREAK ABOVE 6000 WOULD TAKE MARKETS TO 6041 LEVELS. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5935 LEVELS THEN WOULD SLIDE DOWN TO 5911 AND THEN TO 5887 LEVELS AND ANY BREAK BELOW THIS POINT WOULD FURTHER SLIDE DOWN NIFTY TO 5843 LEVELS ANY CLOSE BELOW 5870 LEVELS WOULD WEAKEN THE MARKETS IN THE DAY AHEAD. THOUGH WE MAY SEE MARKETS MOVE IN THE INITIAL TRADES BUT MAY NOT WITHSTAND TO A GREAT EXTENT AS THERE IS EVERY POSSIBILITY THAT MARKETS MAY TAKE U-TURN FROM HERE ON EVEN THOUGH THERE WOULD BE A POSITIVE BUYING INITIALLY WE MAY DEFINITELY SEE SOME AMOUNT OF CONSOLIDATION FROM HERE ON. MARKETS ARE IGNORING FEW VERY IMPORTANT THINGS WHICH IS NOT REALLY GOOD IN THE DAYS TO COME FIRSTLY, 2G SCAM WHICH REALLY DIDN’T PUT ANY PRESSURE ON THE TELECOM STOCKS YET. SECONDLY, MARKETS ARE NOT REALLY BOTHERING THE CRUDE PRICE SURGING WITH TURBULENCE AT THE MIDDLE EAST COUNTRIES THE SURGING OIL PRICES WOULD DEFINITELY POSE A GREATER IMPACT ALL OF A SUDDEN WHICH WILL LEAD MARKETS TO COME DOWN. THIRDLY, THE GAINS IN THE MARKETS WERE WITH LOW VOLUMES AND THAT TOO A RISE OF AROUND 12% IN THE INDEX WHICH IS NOT A HEALTHY SIGN FOR THE MARKETS IN THE DAYS AHEAD.

INTRADAY TIPS FOR 04 APRIL 2011

I JOIN THE VOICE OF EVERY INDIAN TO CONGRATULATE OUR INDIAN TEAM PLAYERS WHO MADE EVERY INDIAN PROUD BY WINNING THE HISTORIC EVENT.

GOOD MORNING!!!

INDICES STARTED THE TRADE WITH A SOFT START IN THE MORNING TRADE TRACKING LEADS FROM ASIAN MARKETS WHICH TRADED WITH MODERATE GAINS BECAUSE OF TEPID LEADS FROM OVERNIGHT US MARKETS WHICH CLOSED MIXED AFTER POSITIVE US ECONOMIC DATA GOT OFFSET BY THE SURGE IN CRUDE PRICES TO 30 MONTHS HIGH LEVELS AMID LINGERING TURBULENCES IN THE MIDDLE EAST NATIONS. THE INDICES SOON SLIPPED IN THE RED TERRAIN AND KEPT GYRATING AROUND THE NEUTRAL LINE THROUGH THE DAY’S TRADE, AS BULLS RAN OUT OF STEAM AFTER EIGHT-DAY LONG WINNING STREAK. THE INDICES HIT THE LOW POINT OF THE DAY IN THE DYING HOURS OF TRADE POST WHICH SOME SHORT COVERING IN REALTY, AUTO AND CEMENT STOCKS HELPED THE INDICES TO EVENTUALLY CLOSE THE LAST TRADING DAY OF THE WEEK JUST BELOW PREVIOUS CLOSING LEVELS. THOUGH THERE WERE VERY LOW VOLUMES IN THE MARKETS THE BREADTH REMAINED EXTREMELY POSITIVE.

TODAY MARKETS WOULD OPEN FLAT TO POSITIVE AND REMAIN IN A NARROW RANGE FOR SOMETIME. IF NIFTY TRADES ABOVE 5874 THEN LIKELY TO MOVE UP TO 5886 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5900 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO NEW HEIGHTS. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5850 THEN LIKELY TO COME DOWN TO 5835 AND THEN TO 5816 LEVELS AND BREAK BELOW THIS LEVEL WOULD WEAKEN THE NIFTY AND BREAK BELOW 5800 WOULD MAKE THE UNDERTONE NEGATIVE IN THE MARKETS. THE PRIME FOCUS WOULD BE THE CRUDE, SOARING IN CRUDE PRICES WOULD DEFINITELY PUT THE INDICES UNDER HUGE PRESSURE IN THE DAY AHEAD.

INTRADAY TIPS FOR 01 APRIL 2011

GOOD MORNING!!!

INDICES GOT OFF TO A STEADY START IN THE OPENING TRADE TRACKING OPTIMISTIC LEADS FROM OVERNIGHT WALL STREET WHICH CLOSED HIGHER LED BY GOOD JOBS DATA AND RALLY. INDICES GRADUALLY KEPT GATHERING MOMENTUM AND TOUCHED INTRADAY HIGHS AND THEN CAME HEFTY PROFIT BOOKING IN BANKING, AUTO AND REALTY WHICH DRAGGED THE INDICES EVEN BELOW THE NEUTRAL LINE THAT TOO JUST HALF AN HOUR BEFORE THE CLOSING BELL. BUT WHAT FOLLOWED IN THE FINAL MOMENTS OF TRADE WAS AN UNEXPECTED SHORT COVERING RALLY THAT HELPED THE BOURSES CONVALESCE MOST OF THE LOSSES AND SNAP EIGHTH STRAIGHT SESSION IN THE POSITIVE TERRAIN SETTLING A TAD BELOW THE PSYCHOLOGICAL LEVELS OF 5,850. THOUGH MARKETS WERE UP, THE MARKET BREADTH TURNED NEGATIVE BY THE END. IT WAS ALL IN ALL A ROLLERCOASTER RIDE ON THE SETTLEMENT DAY OF MARCH SERIES FUTURES AND OPTIONS CONTRACTS AS SENTIMENTS TURNED HIGHLY VOLATILE IN THE SECOND HALF OF THE SESSION.

TODAY NIFTY WOULD OPEN POSITIVE AND IF NIFTY TRADES ABOVE 5871 WOULD MOVE UP TO 5911 LEVELS AND ANY TRADE ABOVE THIS POINT WOULD TAKE FURTHER UPSIDE TO 5951 BUT WOULD EMPHASIZE THAT MARKETS ARE ON OVER BOUGHT REGION AND WOULD REVERSE THE TREND AT ANY GIVEN POINT SO IT IS WISE TO STAY AWAY FROM LONGS. IF NIFTY TRADES BELOW 5840 LEVELS WOULD TAKE NIFTY DOWN TO 5800 AND THEN TO 5760 LEVELS AND ANY FURTHER DOWNSIDE WOULD WEAKEN THE ENTIRE BREADTH OF THE MARKETS. AS OIL IS SURGING IT IS WISE TO STAY AWAY FROM THE MARKETS TO LARGE EXTENT. WOULD SUGGEST TO STAY CAUTIOUS.

INTRADAY TIPS FOR 31 MARCH 2011

GOOD MORNING !!!

HAPPY TO BE AN INDIAN, JOIN HANDS IN CONGRATULATING TEAM INDIA FOR THEIR SPLENDID PERFORMANCE AND WISH THEM GOOD LUCK FOR THE FINAL.

INDICES GOT OFF TO A STEADY START WITH LOT OF CONVICTION TRACKING POSITIVE CLOSING OF AMERICAN MARKETS AND STRONG OPENING OF ASIAN INDICES. PERSISTENT BUYING BY FOREIGN FUNDS IN THE RECENT PAST TOO UNDERPINNED INVESTOR MOOD AHEAD OF THE QUARTERLY EARNINGS SEASON AS THEY EXPECTED THAT MOST OF THE HEADWINDS HAVE BEEN FACTORED IN BY THE MARKETS AND THAT THE COMPANIES WILL REPORT STRONG EARNINGS FOR THE FOURTH QUARTER. INDICES GRADUALLY KEPT GATHERING MOMENTUM THROUGH THE DAY’S TRADE AS INVESTORS CONTINUED TO AGGRESSIVELY PILE UP POSITIONS IN BEATEN DOWN STOCKS. THE FRONTLINE INDICES HIT THE INTRADAY HIGH LEVELS IN THE EARLY HOURS OF SECOND HALF, HOWEVER THE BENCHMARKS CAME OFF THE DAY’S HIGH LEVEL IN THE MID AFTERNOON SESSION AS INVESTORS BOOKED PARTIAL PROFITS A DAY AHEAD OF THE MARCH SERIES F&O CONTRACT EXPIRY. EVENTUALLY THE BOURSES SNAPPED SEVENTH STRAIGHT SESSION IN THE POSITIVE TERRAIN AND SETTLED A TAD BELOW THE PSYCHOLOGICAL LEVELS OF 5,800. MARKET BREADTH REMAINED OPTIMISTIC AND QUITE POSITIVE EVEN WITH LOW VOLUMES COMPARED TO THE PREVIOUS DAY.

TODAY MARKETS WOULD OPEN POSITIVE AND PURELY REMAIN IN A RANGE BOUND AHEAD OF CONTRACT EXPIRY FOR THIS MONTH. WE MAY SEE NIFTY TO HAVE VOLATILE MOVEMENTS, IF NIFTY TRADES ABOVE 5800 THEN LIKELY TO MOVE UP TO 5825 AND TRADE ABOVE THIS POINT WOULD TAKE NIFTY TO 5843 LEVELS. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5795 THEN LIKELY TO COME DOWN TO 5773 AND BREAK BELOW THIS LEVELS WOULD TAKE NIFTY DOWN TO 5755 LEVELS. ONE SHOULD BE VERY CAUTIOUS IN TAKING POSITIONS AT THESE LEVELS AND WOULD SUGGEST TO HOLD ON SIDELINES AS NIFTY MAY LIKELY TO COME DOWN ON RETRACEMENT FRONT AS NIFTY HAS GONE UP BY MORE THEN 6% IN JUST SEVEN TRADING SESSION WHICH IS CONSIDERED TO BE VERY HIGH. ANOTHER IMPORTANT POINT TO BE REMEMBERED IS WITH YEAREND THERE MIGHT BE EVERY POSSIBILITY THAT FUNDS WERE BUYING JUST TO SCALE UP THERE NAV’S TO SHOW IN THEIR ANNUAL ACCOUNTS. WE CAN UNDERSTAND THE CLEAR TREND ONCE WE GET ON TO THE NEXT MONTH CONTRACT.

INTRADAY TIPS FOR 30 MARCH 2011

GOOD MORNING!!!

INDICES GOT OFF TO A SOFT START TRACKING SUBDUED LEADS FROM ACROSS ASIA WHERE INVESTORS REMAINED ON THE SIDELINES DUE TO THE WEAKNESS IN OVERNIGHT US MARKETS WHICH WITHERED DESPITE SOME GOOD ECONOMIC REPORTS AS TRADERS REMAINED APPREHENSIVE OVER JAPAN'S NUCLEAR CRISIS AND VIOLENCE IN THE MIDDLE EAST AND NORTH AFRICA. THEREAFTER, THE INDICES GRADUALLY KEPT GATHERING MOMENTUM THROUGH THE DAY’S TRADE AS INVESTORS CONTINUED TO AGGRESSIVELY PILE UP POSITIONS IN BEATEN DOWN BLUE CHIP STOCKS. INVESTORS’ EXHILARATION IS SHOWING NO SIGNS OF WANING ANY TIME SOON IN THE INDIAN STOCK MARKETS AND THE FRONTLINE STOCKS HIT THE INTRADAY HIGH LEVELS IN THE LATE HOURS OF SECOND HALF HOWEVER THE BENCHMARKS CAME OFF THE DAY’S HIGH LEVEL IN DYING HOURS OF TRADE AS INVESTORS BOOKED PARTIAL PROFITS TWO DAYS AHEAD OF THE MARCH F&O SERIES EXPIRY. EVENTUALLY THE BOURSES SNAPPED SIXTH STRAIGHT SESSION IN THE POSITIVE TERRAIN AND SAILED WELL BEYOND PSYCHOLOGICAL LEVEL OF 5700. THOUGH THE TURNOVER WAS GOOD THE VOLUMES WERE EQUALLY GREAT ACROSS THE BOARD BUT THE BREADTH OF THE MARKETS REMAINED NEGATIVE.

TODAY MARKETS WOULD OPEN POSITIVE TRACKING STRONG OVERNIGHT CLOSING IN US MARKETS AND POSITIVE OPENING IN THE ASIAN INDICES, ONE SHOULD TRY TO AVOID BUYING FOR TODAY AND TOMORROW AND CAN START AFRESH AS THE CONTRACT IS GOING TO EXPIRE TOMORROW WE MAY SEE GOOD AMOUNT OF VOLATILITY IN THE MARKETS. WE MAY SEE GREAT AMOUNT OF VOLATILITY IN THE MARKETS AHEAD OF EXPIRY. THERE IS EVERY CHANCE OF MARKETS TO BEHAVE VERY ERRATIC STAY CAUTIOUS. TODAY IF NIFTY TRADES ABOVE 5775 THEN LIKELY TO MOVE UP TO 5800 AND ANY CLOSE ABOVE 5800 WOULD TAKE NIFTY TO 5820 THERE IS EVERY POSSIBILITY TO MOVE IN A NARROW RANGE IN THE DAY. ON THE DOWNSIDE IF NIFTY TRADES BELOW 5740 THEN LIKELY TO COME DOWN TO 5714 AND THEN TO 5686 LEVELS. IF NIFTY TRADES BELOW 5686 THEN LIKELY TO COME DOWN TO 5650 LEVELS. ANY CLOSE BELOW 5650 LEVELS WOULD DRAG NIFTY FURTHER DOWN.

INTRADAY TIPS FOR 29 MARCH 2011

GOOD MORNING!!!

THE MARKETS GOT OFF TO A SUPPLE START AS FRESH WORRIES OVER HIGH LEVELS OF RADIATION IN JAPAN EMERGED WHICH DELAYED EFFORTS TO STABILIZE A CRIPPLED NUCLEAR POWER PLANT AND INFERIOR THEN EXPECTED EARNINGS REPORTED BY SOME BLUE CHIPS COMPANIES WEIGHED ON CAUTIOUS INVESTOR MOOD. AFTER HITTING INTRADAY LOWS AND WITH THE EMERGENCE OF BUYING INTEREST IN BLUE CHIPS AND FERTILIZER STOCKS MARKETS YET AGAIN ROSE TO FRESH INTRADAY HIGHS. HOWEVER, THE SESSION LARGELY REMAINED CHARACTERIZED BY CHOPPINESS AS INVESTORS SEEMED RELUCTANT TO PILE UP HEFTY POSITIONS AFTER THE RECENT OVER FIVE PERCENT RALLY.

TODAY MARKETS WOULD OPEN FLAT TO NEGATIVE AS MARKETS ARE ALMOST REACHED A POINT WHERE IT IS DIFFICULT TO MOVE FROM HERE ON WITHOUT GREAT VOLUMES AND 5740 BEING ONE OF THE TOUGHEST RESISTANCE OF ALMOST MANY MONTHS MAY BE WE MAY FACE THAT AS TOUGH RESISTANCE FOR TIME BEING TILL THE VOLUMES SUPERSEDE. IF NIFTY TRADES ABOVE 5740 ONLY THEN ONE IS ADVISED TO GO LONG ON THE CLOSING BASIS AND IT IS WISE TO AVOID GOING LONG AS WE ARE AT THE VERGE OF CLOSING THE CURRENT MONTH CONTRACT IN ANOTHER COUPLE OF DAYS, ONE CAN KNOW THE CORRECT TREND ONCE THE CONTRACT OF THE CURRENT MONTH CLOSES. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5684 THEN LIKELY TO COME DOWN TO 5665 AND THEN BREACH BELOW THIS POINT WOULD TAKE NIFTY TO 5640 LEVELS AND ANY BREACH BELOW THIS POINT WOULD DRAG NIFTY TO 5609 LEVELS. STAY CAUTIOUS FOR THESE THREE DAYS AS THE VOLATILITY WOULD DRIVE THE MARKETS CRAZY.

BUY CHENNAI PETRO SL 216 TGT 223/227/232 BUY IDFC SL 158 TGT 161/162.7/164.30

INTRADAY TIPS FOR 28 MARCH 2011

GOOD MORNING!!!

INDICES GOT OFF TO A POSITIVE START AS INVESTORS PILED UP POSITIONS TRACKING BUOYANT LEADS FROM AMERICAN OVERNIGHT MARKETS WHICH WENT FOR A SMART RALLY ON THE BACK OF CONFIDENT CORPORATE EARNINGS AND SIGNS OF A STRONGER JOB MARKET. FRONT END STOCKS INITIALLY TRADED IN A NARROW RANGE IN THE FIRST HALF OF THE SESSION, IT AND CAPITAL GOODS WERE VERY PROMINENT IN THE GAINERS LIST. HOWEVER, BUYING CAUGHT UP IN THE SECOND HALF OF THE SESSION WITH BANKING AND SOFTWARE COMPANIES OUT PERFORMING WHICH EVENTUALLY TOOK BEYOND PSYCHOLOGICAL LEVELS IN BOTH THE INDICES. BREADTH OF THE MARKETS WAS EXTREMELY BULLISH AND VOLUMES IN THE MARKETS WERE VERY GOOD.

TODAY MARKETS LOOK FLAT AND RANGE BOUND TRACKING ASIAN INDICES WHICH ARE TRADING IN NEGATIVE TERRITORY. IF NIFTY TRADES ABOVE 5600 THEN LIKELY TO MAKE AN UPMOVE TO 5718 AND THEN TO 5750 AND TRADE ABOVE THIS LEVEL WOULD TAKE NIFTY TO 5789 LEVELS, ONE HAS TO BE EXTREMELY CAREFUL FROM 5750 LEVELS AS THERE IS EVERY CHANCE OF MARKET CORRECTING FROM THERE ON. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5675 THEN LIKELY TO COME DOWN TO 5642 LEVELS AND BREACH BELOW THIS POINT WOULD TAKE NIFTY TO 5615 LEVELS AND ANY CLOSE BELOW 5600 WOULD DRAG NIFTY TO 5570 LEVELS. STAY CAUTIOUS IN THE MARKETS.

INTRADAY TIPS FOR 25 MARCH 2011

GOOD MORNING!!!

YET ANOTHER STABLE DAY WHERE INDICES GOT OFF TO A GAP UP START AS LEADS FROM THE GLOBAL FRONT UNDERPINNED REGIONAL SENTIMENTS ALONG WITH THE MARGINAL DROP IN CRUDE OIL PRICES FILLIPED INVESTORS’ MOOD. INDICES TRADED IN A NARROW BAND THROUGH THE DAY’S TRADE AND HELD THE CRUCIAL SUPPORT LEVELS IN THE NIFTY FOR THE ENTIRE DAY EVEN THOUGH THERE WAS SUDDEN DECLINE IN THE AFTERNOON BUT SUSTAINED BUYING INTERESTS HAS LED THE INDICES TO CLOSE AT THE HIGHER HIGHS OF THE DAY, EVEN THOUGH THERE WAS AN INCLINE OF AROUND 50 POINTS IN NIFTY WITH BREADTH BEING POSITIVE THE VOLUMES IN THE NIFTY WERE THE LEAST SINCE 04 JAN 11.

TODAY MARKETS WOULD OPEN POSITIVE AND REMAIN IN POSITIVE TERITORRY, IF NIFTY OPENS ABOVE 5555 THEN LIKELY TO MOVE UP TO 5576 AND MOVE ABOVE THIS POINT WOULD TAKE NIFTY TO 5585 LEVELS, IF NIFTY TRADES ABOVE 5600 THEN LIKLEY TO MOVE UP BY ANOTHER 50 POINTS ELSE 5600 WOULD ACT AS TOUGH RESISTANCE. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5520 LEVELS LIKELY TO DECLINE TO 5500 LEVELS AND BREAK BELOW THIS POINT WOULD DRAG NIFTY TO 5465 LEVELS AND ANY TRADE BELOW 5450 WOULD WEAKEN THE MARKETS.

INTRADAY TIPS FOR 24 MARCH 2011

GOOD MORNING !!!

MARKETS OPENED AS EXPECTED, INDICES INITIALLY SLIPPED TO THEIR INTRA-DAY LOW LEVELS IN THE OPENING MOMENTS OF THE TRADE TRACKING WEAK CUES FROM THE GLOBAL CUES AND TOWERING CRUDE OIL PRICES ON CONCERNS THAT CONFLICTS IN MIDDLE EAST COULD FURTHER TIGHTEN THE SUPPLIES. HOWEVER, ON REPORTS THAT BILLIONAIRE INVESTOR WARREN BUFFET INTENDS TO USE THE HUGE CASH PILE OF HIS FLAGSHIP FIRM BERKSHIRE HATHAWAY TO ACQUIRE COMPANIES IN INDIA, AN INVESTMENT DESTINATION BUFFETT FEELS IS TOO BIG TO BE CALLED AN EMERGING MARKET; MARKETS SOON STAGED A STRONG AND STABLE PULLBACK THEREAFTER LED BY GAINS IN BANKING, FMCG, HEALTHCARE AND METAL STOCKS. THE INDICES GRADUALLY GAINED TRACTION AND SAILED BEYOND THE CRUCIAL SUPPORT LEVELS IN THE INDICES, THERE WAS NO BOUTS OF PROFIT BOOKING THAT TOOK PLACE IN THE MARKETS AND MARKETS MANAGED TO CLOSE AT THE HIGHER HIGHS OF THE DAY WHICH IS CONSIDERED TO BE A VERY GOOD CLOSING, THE BREADTH OF THE MARKET WAS POSITIVE.

TODAY MARKETS WOULD OPEN POSITIVE AND REMAIN ON THE POSITIVE SIDE. IF NIFTY TRADES ABOVE 5500 THEN LIKELY TO MOVE UP TO 5528 LEVELS AND THEN TO 5547 LEVELS ANY BREAK ABOVE 5550 WOULD TAKE NIFTY TO 5581 LEVELS. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5493 THEN LIKELY TO MAKE ITS JOURNEY TO 5472 LEVELS AND THEN TO 5450 WHICH TODAY MAY NOT BE POSSIBLE BUT ONE HAS TO BE VERY CAUTIOUS IN THE MARKETS THOUGH THIS SHORT TERM PULL BACK MAY CONTINUE FOR THIS WEEK BUT THE OVERALL POSITION IN THE MARKETS STILL REMAIN WEAK AND WE MAY HEAD DOWN ONCE AGAIN, EVEN THOUGH IT IS VERY POSITIVE IN THE MARKETS FOR TIME BEING IT DOESN’T TAKE TOO LONG TO WEAKEN SO BE AWARE OF THIS POINT THAT THERE MAY BE A DRAG IN THE INDICES GOING FORWARD SO DON’T ADD TOO MANY POSITIONS ON THE LONG TERM HORIZON. ONE CAN TAKE POSITION ON INTRADAY TO VERY SHORT TERM. CRUDE AGAIN IS ONE OF THE BIGGEST CONCERNS IN THE MARKETS WITH THE GLOBAL UNCERTAINTY.

INTRADAY TIPS FOR 23 MARCH 2011

GOOD MORNING!!!

INDICES RECOVERED IN THE OPENING TRADE TAKING LEADS FROM THE OVERNIGHT UPSURGE IN THE US MARKETS WHICH GARNERED DECENT PROFITS ON REPORTS OF STABILIZING NUCLEAR CRISIS IN JAPAN ALONG WITH SOME ACQUISITION REPORT. THE INDICES GRADUALLY GAINED TRACTION AND CONQUERED THE CRUCIAL SUPPORT LEVELS OF 5,400 AND TRADED ABOVE THESE LEVELS FOR MOST PART OF THE DAY. PROFIT BOOKING WERE WITNESSED IN LATE TRADE WHEN THE FRONTLINE INDICES TOUCHED INTRA-DAY HIGHS WHICH DRAGGED THE BOURSES BELOW CRUCIAL SUPPORTS. HOWEVER, SOME SHORT COVERING IN DYING MINUTES HELPED THE INDICES TO SNAP THE THREE DAY LOSING STREAK WITH GAINS OF ALMOST A PERCENT. MARKETS BREADTH WAS POSITIVE, WITH SUGARS MOVING LARGELY ON GOVERNMENT BILL OF EXPORTING.

TODAY MARKETS WOULD OPEN FLAT TO POSITIVE AND REMAIN POSITIVELY BIASED UNTIL 5400 LEVELS ARE HELD. IF NIFTY TRADES BELOW 5400 THEN LIKELY TO COME DOWN TO 5377 AND BREACH BELOW THIS LEVEL WOULD DRAG TO 5360 LEVELS AND ANY BREAK BELOW THIS LEVEL WOULD WEAKEN NIFTY AND ONE IS ADVISED TO STAY AWAY FROM LONGS AT THIS STAGE AND CAN CARRY FORWARD SHORTS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5440 THEN LIKELY TO MAKE AN UPMOVE TO 5468 LEVELS AND THEN TO 5490 LEVELS. THE ONLY CONSTRAINT IN THE MARKETS NOW IS CRUDE SURGING HIGHER AND HIGHER DAY BY DAY WHICH IS GOING TO ADD ON HUGE PRESSURE ON INDIAN MARKETS. HOPEFULLY WARREN BUFFET WOULD ADD ESSENCE TO THE INDIAN MARKETS, ANOTHER DYNAMIC PERSONALITY OF THE WORLD MR BILL GATES WOULD JOIN HIM IN THE LAST LEGS OF HIS VISIT WHICH WOULD ADD FURTHER GROWTH TO THE INDIAN MARKETS. EXPECTING SOME POSITIVE VIBRATIONS TO ADD TO THE INDIAN MARKETS IN THE WEEK AHEAD.

INTRADAY TIPS FOR 22 MARCH 2011

GOOD MORNING!!!

INDICES BOUNCED BY OVER 100 POINTS IN THE OPENING TRADE ON EMERGENCE OF BUYING IN THE FRONT END STOCKS WHICH GOT SUPPORT FROM ASIAN PEERS. HOWEVER, THE FRONTLINE INDICES IMMEDIATELY ERASED ALL THE OPENING SESSION GAINS AND DRIFTED INTO THE RED TO TOUCH THE LOW POINT OF THE DAY. SELECTIVE BUYING IN SOME UNDERVALUED SHARES THEREAFTER HELPED THE INDEX CLAW BACK IN TO THE GREEN TERRITORY IN THE LATE MORNING SESSION. AFTER GYRATING IN A NARROW BAND AND TRADING IN THE GREEN FOR SOME TIME, THE FRONTLINE INDICES SLIPPED BACK INTO THE RED AS INVESTORS TOOK PROFITS OFF THE TABLE IN THE LATE HOURS OF TRADE AND MANAGED TO CLOSE WITH A MARGINAL LOSS. THE BREADTH OF THE MARKET REMAINED NEGATIVE.

TODAY MARKETS WOULD BE RANGE BOUND UNTIL IT BREACHES UPSIDE RANGE OF 5425 AND DOWNSIDE RANGE OF 5350 LEVELS. IF NIFTY TRADES ABOVE 5425 THEN LIKELY TO MOVE UP TO 5460 LEVELS AND THEN TO 5500 LEVELS. IF NIFTY CLOSES ABOVE 5500 LEVELS ONE CAN SEE SOME BARGAIN HUNTING AND FRESH LONGS TO BUILD IN THE MARKET. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5350 THEN LIKLEY TO COME DOWN TO 5310 AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY DOWN TO 5258 LEVELS, ANY CLOSE BELOW 5300 IS CONSIDERED TO BE MUCH MORE DOWN SIDE IN A SHORT TIME, ONE SHOULD BE CAREFUL IF NIFTY CLOSES BELOW 5300 LEVELS.

INTRADAY TIPS FOR 21 MARCH 2011

GOOD MORNING!!!

MARKETS GOT OFF TO A GOOD START ON THE OPENING TRADE, WITH FINANCE AND OTHER SECTOR STOCKS RISING ON THE BACK OF SUPPORTIVE CUES FROM OVERNIGHT US MARKETS WHICH SURGED AROUND ONE AND HALF A PERCENT ON THE BACK OF THE SLEW OF GOOD ECONOMIC REPORTS THAT HELPED TO PUT ASIDE THE FEAR OF JAPANESE CRISIS. HOWEVER, WITH THE UNPLEASANT REPORTS ON THE RELIANCE INDUSTRIES ON PRODUCTION FROM KG BASIN HAS PUT HUGE PRESSURE ON FRONTLINE INDICES AND ERASED ALL THE GAINS ALONG WITH THIS OTHER THINGS WHICH HAS PLAYED THE SPOIL SPORT WERE OPPOSITION RAISING QUESTIONS ON CONGRESS, WHICH IS ALREADY BURDENED BY CORRUPTION CHARGES, CULPABILITY AFTER WIKILEAKS CABLES REVELATION. THE BOURSES TOUCHED INTRADAY LOWS IN THE DYING HOURS OF SESSION AS THEY BREACHED THE CRUCIAL SUPPORT LEVELS. MARKET BREADTH REMAINED NEGATIVE.

TODAY MARKETS WOULD BE RANGE BOUND AND VOLATILE. IF NIFTY TRADES ABOVE 5425 THEN LIKELY TO MAKE AN UPMOVE TO 5455 LEVELS AND THEN TO 5475 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5500. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5379 THEN LIKELY TO COME DOWN TO 5350 LEVELS AND BELOW THIS POINT WOULD TAKE NIFTY FURTHER TO 5321 LEVELS AND ANY BREAK BELOW THIS POINT WOULD THEN TAKE NIFTY TO 5275 AND ANY CLOSE BELOW THE PREVIOUS CLOSE WE CAN SEE NIFTY TO SLIDE DOWN VERY FAST IN VERY SHORT SPAN OF TIME.

POSITIONAL TRADES
BUY AMTEK INDIA TGT 90/95

INTRADAY TIPS FOR 18 MARCH 2011

GOOD MORNING!!!

MARKETS GOT OFF TO A GAP DOWN START AS INVESTORS SQUARED OFF POSITIONS TRACKING DISCOURAGING LEADS FROM THE OVERNIGHT US MARKETS THOUGH THERE WAS SOME SENSE OF RECOVERY SEEN IN THE MARKETS WHICH WAS VERY SHORT LIVED AFTER THE KEY POLICY RATES HIT THE STREETS INVESTORS HAVE OPTED TO TAKE PROFITS OFF THE TABLE FROM RATE SENSITIVE SECTORS LIKE BANKS, AUTO AND REALTY. THE BOURSES AFTER TOUCHING INTRADAY LOWS IN THE DYING HOURS PARED SOME PORTION OF DECLINE TO EVENTUALLY SETTLE WITH LOSSES OF OVER A PERCENT. MARKETS CARRIED FORWARD THIS WEEK’S TREND OF CLOSING IN THE NEGATIVE TERRITORY AFTER EVERY POSITIVE CLOSE, WHICH HAS MADE INVESTORS FEEL VERY INSECURE.

TODAY MARKETS WOULD BE VERY RANGE BOUND AND VOLATILE. IF NIFTY TRADES ABOVE 5490 THEN LIKELY TO MAKE AN UPMOVE TO 5518 LEVELS AND ANY TRADE ABOVE THIS POINT WOULD TAKE NIFTY TO 5540 LEVELS. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5440 LEVELS THEN CAN DRAG NIFTY DOWN TO 5420 AND THEN TO 5394 LEVELS ANY TRADE BELOW 5400 IS CONSIDERED TO BE VERY WEAK AND CLOSE BELOW 5400 CAN LEAD NIFTY TO 5170 LEVELS.

INTRADAY TIPS FOR 17 MARCH 2011

GOOD MORNING!!!

MARKETS GOT OFF TO AN OPTIMISTIC START TRACKING REBOUND IN OTHER ASIAN MARKETS ON BARGAIN BUYING AND A FURTHER DECLINE IN CRUDE OIL PRICES. THE MARKETS CONTINUED TO TRADE FIRM THROUGH THE DAY’S TRADE THERE WAS CONTINUAL AND SUSTAINED BUYING IN SEVERAL FRONT LINE STOCKS AND ELEGANTLY RECOVERED MAJORITY OF THE PREVIOUS DAYS LOSSES AND MANAGED TO CROSS THE CRUCIAL RESISTANCE LEVELS. BUT AFTER SURPASSING THE CRUCIAL RESISTANCE LEVELS AND TOUCHING INTRADAY HIGHS IN THE LAST TRADING SESSION PARED SOME PORTION OF THEIR GAINS DUE TO REBOUND IN CRUDE OIL PRICES COUPLED WITH SOMBER CUES FROM THE EUROPEAN PEERS. EVENTUALLY MARKETS MANAGED TO PERFORM LARGELY IN LINE WITH ASIAN PEERS AND SETTLE WITH OVER A PERCENT GAIN. BREADTH OF THE MARKET REMAINED POSITIVE BUT THE VOLUMES WERE VERY BLEAK.

TODAY MARKETS WOULD BE NEGATIVE TRACKING WEAK US AND EUROPE CLOSING ALONG WITH WEAK OPENING IN ASIAN PEERS. NIFTY MAY BE UNDER CONTINUAL PRESSURE AS WE ALSO HAVE POLICY REVIEW FROM CENTRAL BANK. IF NIFTY TRADES BELOW 5518 THEN LIKLEY TO COME DOWN TO 5482 AND THEN BELOW THAT WE CAN SEE NIFTY AT 5450 LEVELS AND ANY TRADE BELOW 5440 WOULD DRAG NIFTY TO 5400 LEVELS, STAY CAUTIOUS AROUND 5440 LEVELS AS THIS IS A MINOR SUPPORT FOR NIFTY AND TRADE BELOW THIS LEVEL WOULD DRAG NIFTY TO 5400 LEVELS BUT ANY TRADE BELOW 5400 LEVELS WOULD DRAG NIFTY BELOW 5170 LEVELS IN A VERY SHORT TIME. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5550 THEN LIKLEY TO MAKE AN UP MOVE TO 5576 LEVELS AND ANY TRADE ABOVE 5576 WE CAN SEE AT 5600. STAY CAUTIOUS IN THE MARKET WE MAY HAVE GREAT VOLATILITY.

INTRADAY TIPS FOR 16 MARCH 2011

GOOD MORNING!!!

MARKETS GOT OFF TO A GAP DOWN START TRACKING THE DISAPPOINTING LEADS FROM JAPANESE MARKETS WHICH TOOK AN EXTREME DIVERGENCE OF OVER 12% AS THE NATION CONTINUE TO COPE WITH THE AFTERMATH OF LAST WEEK'S DEVASTATING EARTHQUAKE AND MASSIVE TSUNAMI FOLLOWED BY A NEW EXPLOSION RESULTING IN RADIATION LEAK AT THE FUKUSHIMA NUCLEAR POWER PLANT. INITIALLY MARKETS SLIPPED IN DEEP RED AND WITHIN FEW MINUTES OF IT STARTED GAINING THE MOMENTUM IN THE FRONT END STOCKS ON ROBUST BUYING ESPECIALLY IN RELIANCE COUNTER AND RECOVERD ALMOST 130 POINTS IN NIFTY AND MORE THAN 300 POINTS IN SENSEX BUT WITH THE EUROPE MOVING CONTINUOUSLY ON TO LOWER LOWS WHICH HAD BLEEDED ALMOST 6% MARKETS STARTED GIVING AWAY THE RECOVERED GAINS AND POSTED DECENT LOSSES ON THE INDICES. VOLUMES IN THE MARKETS WERE GOOD ENOUGH AND BREADTH REMAINED VERY WEAK FOR THE ENTIRE DAY BARRING VERY FEW STOCKS. THE ONLY MARKET WHICH GOT RECOVERED IN THE LAST DAYS TRADE AFTER THE INITIAL DOWNFALL WAS INDIAN MARKETS. BANKING AND REALITY ALONG WITH AUTO STOCKS WERE UNDER PRESSURE AHEAD OF RBI’S MID-QUARTERLY POLICTY REVIEW TOMORROW THE 17 MARCH 2011

TODAY WE MAY OPEN GAP OPENING TRACKING POSITIVE OPENING OF ALL ASIAN PEERS. IF NIFTY TRADES ABOVE 5460 LEVELS THEN LIKELY TO MAKE ITS UPMOVE TO 5486 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5514 LEVELS AND FURTHER TO 5565 LEVELS ANY CLOSE ABOVE 5518 IS A POSITIVE SIGN IN THE MARKET IN THE DAY AHEAD. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5440 THEN LIKELY TO COME DOWN TO 5409 AND ANY BREAK BELOW THIS POINT WOULD DRAG NIFTY TO 5378 AND ANY CLOSE BELOW 5400 IS A WEAK SIGN IN NIFTY AND WE MAY HEAD DOWN BELOW 5175 LEVEL IN A VERY SHORT TIME. ONE OF THE VERY CRUCIAL SUPPORT FOR NIFTY IS 5400 LEVELS, SO STAY CAUTIOUS AT THIS LEVEL AND ON THE UPSIDE NIFTY MAY RESIST 5500 LEVELS. STAY CAUTIOUS ON THE SECTORS LIKE AUTO, BANKING AND REALITY THESE MAY BE WEAK.

INTRADAY TIPS FOR 15 MARCH 2011

GOOD MORNING!!!

MARKET GOT OFF TO A SOFT START TRACKING ASIAN PEERS WHICH WERE TRADING IN SUBDUED NOTE. MARKETS SOON RECOVERED FROM EARLY MORNING'S LOSSES AND GRADUALLY KEPT GAINING STEAM ON THE BACK OF ROBUST BUYING IN AVIATION, ENERGY AND AUTO STOCKS, OWING TO A FALL IN OIL PRICES. THE BUYING INTERESTS GOT REINFORCED IN THE SECOND HALF OF TRADE AS THE INDICES WERE PROPELLED BY HEFTY POSITION BUILD UP IN HEAVYWEIGHT RELIANCE INDUSTRIES AND WITH SOME UNWINDING OF POSITIONS WHICH ELEVATED THE MARKETS FURTHER. EVENTUALLY MARKETS STAGED A STRONG RECOVERY, THOUGH THERE WAS A VERY GOOD RECOVERY SEEN ON THE INDICES FRONT THERE STILL REMAINS A WORD OF CAUTION AS THE MARKETS WENT UP WITH NO MUCH VOLUMES WHICH IS STILL A MATTER OF CONCERN. THOUGH THE BREADTH OF THE MARKETS REMAIN POSITIVE IT WAS NOT THE WAY IT SHOULD BE WITH A 86 POINT INCLINE IN THE NIFTY, THERE IS STILL LACK OF CONFIDENCE ON THE INVESTORS PART AS LONG AS THIS GROWS UP WE CANT REALLY BE SURE OF MARKETS TO MOVE HIGHER FROM THIS PLACE.

TODAY NIFTY MAY OPEN ON A NEGATIVE NOTE AND REMAIN UNDER PRESSURE AT EVERY HIGHER LEVELS, IF NIFTY TRADES ABOVE 5576 ONLY THEN IT CAN MOVE UP TO 5600 LEVELS ON THE UPSIDE AND ON THE FLIP SIDE IF NIFTY TRADES BELOW 5545 LEVELS LIKELY TO COME DOWN TO 5518 LEVELS AND THEN TO 5500 LEVELS AND ANY BREAK BELOW 5496 WOULD DRAG NIFTY TO 5450 LEVELS. BANK NIFTY LIKELY TO BLEED AS THERE IS A RAKE HIKE EXPECTED IN DAY AFTER TOMORROW RBI POLICY REVIEW MEET (17 MARCH 2011) BY ATLEAST 25 BASIS POINT. ONE CAN REMAIN SHORT ON EVERY RISE IN BANK NIFTY. AND WE DON’T SEE MUCH UPSIDE FROM HERE EVEN IN THE MARKETS ONLY IF RBI DOESN’T HIKE THE RATES THEN WE CAN SEE A GOOD RALLY, ELSE WE ARE LIKELY TO SUCCUMB TO PRESSURE.

INTRADAY TIPS FOR 14 MARCH 2011

GOOD MORNING!!!

MARKETS GOT OFF TO A GAP DOWN START TRACKING OVERNIGHT US MARKETS WHILE THE WEAKER-THAN-FORECASTED JAPANESE GDP NUMBERS WEIGHED ON THE REGIONAL PEERS. MAJORITY OF THE STOCKS RECOVERED FROM EARLY MORNING'S LOSSES AFTER THE DATA RELEASED BY GOVERNMENT SHOWED THAT INDUSTRIAL PRODUCTION GREW BY 3.7 PER CENT IN JANUARY AS AGAINST AN UPWARDLY REVISED RATE OF 2.5% IN DECEMBER. HOWEVER, THE INDICES CRUMBLED DEEP IN TO THE RED AS PANIC SELLING TOOK CENTER STAGE AFTER NEWS OF A MAJOR EARTHQUAKE IN JAPAN AND FAILED TO REGAIN. MARKETS CONTINUED TO STAGGER UNDER THE TREMENDOUS GLOBAL PRESSURE AS ONE DISCOURAGING EVENT AFTER ANOTHER POPPED UP IN DAYS TRADE WHICH IS LEADING THE MARKETS TO A NEGATIVE TERRITORY EVEN AFTER A POSITIVE START OR FROM A RECOVERY PHASE. BREADTH OF THE MARKETS REMAINED WEAK FOR THE ENTIRE DAY AND CLOSED MUCH WEAKER AT THE END.

TODAY MARKETS WOULD REMAIN RANGE BOUND AND VOLATILE. IF NIFTY TRADES BELOW 5450 THEN LIKELY TO COME DOWN TO 5400 LEVELS AND BREACH BELOW THIS LEVEL WOULD TAKE NIFTY DOWN FURTHER TO 5370 LEVELS AND ANY CLOSE BELOW 5400 WOULD MAKE NIFTY MUCH WEAKER IN THE DAYS AHEAD. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5470 LEVELS THEN LIKELY TO INCLINE TO 5492 AND THEN TO 5518 ANY TRADE ABOVE 5518 WOULD TAKE NIFTY FURTHER UPSIDE.

BUY TATA COFFEE TGT 980/1050
BUY TATA GLOBAL SL 100.40 TGT 104.60/107/108.60

INTRADAY TIPS FOR 11 MARCH 2011

GOOD MORNING!!!

MARKETS GOT OFF TO A NEGATIVE START TRACKING WEAK GLOBAL CUES AS INVESTORS AT LARGE FELT THE HEAT OF BOILING CRUDE OIL PRICES AMID THE PROLONGED CIVIL UPHEAVAL IN LIBYA, RISING CRUDE OIL PRICES WAS THE BIGGEST CONCERN FOR THE INVESTORS AT LARGE SINCE HIGHER CRUDE PRICES MEAN WORSENING CURRENT ACCOUNT DEFICIT FOR THE IMPORTING ECONOMIES. AFTER THE GAP DOWN OPEN INDICES SLIPPED TO MUCH LOWER LEVELS TO FRESH INTRADAY LOWS AFTER A WEAK START AND LATER MARKETS SWUNG WITHIN A NARROW RANGE LATER TOUCHED THEIR INTRADAY HIGH LEVELS IN SECOND HALF BUT GOT DRAGGED TO LOWER LEVELS ON REPORTS THAT TROOPS LOYAL TO LIBYAN LEADER MUAMMAR GADDAFI LAUNCHED YET ANOTHER BOMBARDMENT NEAR OIL FACILITIES IN RAS LANUF. EVENTUALLY INDICES SETTLED LOWER BY OVER HALF A PERCENT LOSS. MARKET BREADTH REMAINED NEGATIVE AND THERE WERE NO GREAT VOLUMES IN THE MARKETS.

TODAY MARKETS WOULD OPEN IN A NEGATIVE TERRAIN TRACKING WEAK CLOSING OF US AND EUROPE MARKETS WHICH BLEEDED LAST NIGHT. IF NIFTY TRADES BELOW 550 LEVELS WE ARE BOUND TO SEE NIFTY TO SLIDE DOWN TO 5470 AND THEN TO 5455 LEVELS AND FURTHER BREAK BELOW THIS POINT WOULD TAKE NIFTY TO 5425 LEVELS AND THEN TO 5400 LEVELS, NIFTY MAY TAKE A GOOD SUPPORT AROUND 5400 LEVELS AND IF NIFTY HAPPENS TO BREAK THIS POINT THEN WOULD LIKELY TO COME DOWN MUCH MORE. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5520 THEN LIKELY TO MOVE UP TO 5540 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKE IT TO 5566 LEVELS. ONE IS ADVISED TO BE CAUTIOUS ON THE UPSIDE FOR NOW AS LONG WE SEE SOME GOOD MOMENTUM ON THE BUYING FRONT IT IS WISE ENOUGH TO STAY OUT OF LONG AT THESE LEVELS AS THE UNDERTONE STILL REMAINS WEAK.

INTRADAY TIPS FOR 10 MARCH 2011

GOOD MORNING!!!

MARKETS STARTED ON A POSITIVE NOTE CROSSING THEIR RESPECTIVE PSYCHOLOGICAL LEVELS OF 18500 AND 5500 RESPECTIVELY IN START OF THE TRADE. HIGH BETA STOCKS TOOK THE LEAD OF THE MARKETS WHILE IT AND TECH STOCKS HAVE WITNESSED WEAKNESS ON DOLLAR WEAKNESS. IN THE LATER PART OF THE TRADING SESSION THERE SEEMED SOME PROFIT BOOKING STARTED WITH THE NEWS OF SOME ESCALATION IN THE LIBYAN UNREST AND THE BUZZ OF GOVERNMENT PLAN TO RE-REGULATE THE PETROL PRICES, THOUGH THE RATE SENSITIVE STOCKS TRIED HARD BUT INTENSE SELLING IN THE HEALTHCARE, OIL & GAS AND IT SECTOR STOCKS TOOK THE MARKETS DOWN TOUCHING THEIR INTRADAY LOWS. THE BROADER INDICES CONTINUED FIRM THROUGHOUT THE DAY AND HELPED THE MARKETS TO REMAIN FIRM THOUGH THE ENTIRE TRADING DAY WAS WITH FULL OF VOLATILITY, OVERALL THE BREATH OF THE MARKET REMAINED POSITIVE EVEN AFTER SOME SELL-OFF AT THE FAG END OF THE TRADING SESSION WHICH TOOK MARKETS TO NEGATIVE BUT MANAGED TO CLOSE FLAT AT THE END OF THE TRADE.

TODAY MARKETS WOULD BE VOLATILE AND RANGE BOUND, IF NIFTY TRADES BELOW 5530 MAY SLIDE DOWN TO 5504 LEVELS AND BREAK BELOW 5500 LEVELS WOULD TAKE NIFTY TO 5476 AND THEN TO 5453 LEVELS BUT ANY CLOSE BELOW 5450 WOULD TAKE NIFTY FURTHER DOWNSIDE IN THE COMING WEEK ON THE FLIP SIDE IF NIFTY TRADE ABOVE 5570 THEN LIKELY TO MAKE AN UPMOVE TO 5592 AND THEN BREAK ABOVE 5600 WOULD MAKE ITS MOVE TO 5630 LEVELS. STAY CAUTIOUS ON EVERY UPSIDE AS THE UNDERTONE IS STILL NEGATIVE.

INTRADAY TIPS FOR 09 MARCH 2011

GOOD MORNING!!!

INDICES STARTED ON A QUIET NOTE AFTER BAD CLOSING ON MONDAY ON THE BACK OF GEO-POLITICAL CONCERNS, RISING OIL PRICES AND DOMESTIC POLITICAL TURMOIL, AS INVESTORS REMAINED WATCHFUL GIVEN THAT THE CUES FROM OVERNIGHT US MARKETS TOO REMAINED SUBDUED. HOWEVER THE FRONTLINE INDICES GAINED TRACTION IMMEDIATELY AFTER THE FLAT START AS CRUDE OIL PRICES SHOWED SOME SIGNS OF EASING IN THE EARLY HOURS. AFTER GYRATING IN A NARROW BAND FOR A LONG TIME, THE MARKET MOVED HIGHER IN LATE AFTERNOON TRADE AS INVESTORS RESORTED TO HEFTY BUYING IN FUNDAMENTALLY STRONG AND BEATEN DOWN SHARES. MARKET BREADTH WAS POSITIVE.

MATERIALIZED EFFORTS ON SEAT SHARING BETWEEN RULING UPA ALLIES CONGRESS AND THE DMK HAS COME TO AN END ON A POSITIVE NOTE WHICH WILL BOOST THE INDIAN MARKETS IN THE INITIAL OPENING OF THE TRADE. MARKETS TODAY WOULD OPEN POSITIVE TRACKING NOT ONLY THE POLITICAL ISSUE BUT ALSO THE POSITIVE SIGNS OF US AND OTHER MARKETS. IF NIFTY TRADES ABOVE 5543 THEN LIKELY TO MOVE UP TO 5561 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5597 LEVELS AND ANY BREAK ABOVE THIS WOULD FURTHER TAKE NIFTY TO 5614 LEVELS. STAY CAUTIOUS AT EVERY HIGHER LEVEL IN NIFTY FOR NOW WE WILL HAVE TO WITNESS SOME DOWNSIDE AGAIN IN A VERY SHORT RUN. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5532 THEN LIKELY TO MOVE DOWN TO 5512 LEVELS AND THEN TO 5480 AND ANY BREAK BELOW THIS POINT WOULD DRAG NIFTY TO 5460 LEVELS AND ANY CLOSE BELOW THIS POINT WOULD TAKE NIFTY TO FURTHER DOWNSIDE IN THE NEXT FEW SESSIONS.

BUY APOLLO TYRES SL 60 TGT 73 (POSITIONAL)
BUY TECHM SL 738 TGT 765/784/792 (SHORT TERM 880) ** MUST BUY

INTRADAY TIPS FOR 08 MARCH 2011

GOOD MORNING!!!

INDICES MADE A NERVOUS START AS INVESTORS REACTED ON SATURDAY’S REPORTS OF DMK'S DECISION TO WITHDRAW ITS SIX MINISTERS FROM THE UNITED PROGRESSIVE ALLIANCE (UPA) GOVERNMENT WHICH DRAGGED THE INDICES LOWER AS TRADING PROGRESSED. WORRYING INDIAN POLITICAL SITUATION TORMENTED LOCAL SENTIMENTS AND ADDING TO THIS WAS THE OTHER MOST CRUCIAL PROBLEM I.E., CRUDE SORING TO ALMOST 29 MONTH HIGH HITTING ALMOST 107$ FOR A BARREL DRAGGED THE INDICES TO INTRA-DAY LOWS. HOWEVER, MARKETS BOUNCED BACK ON SOME SHORT COVERING IN THE LATE HOURS OF TRADE AND EVENTUALLY SNAPPED THE DAY WITH LOSSES. BREADTH OF THE MARKET REMAINED WEAK. NOW INVESTORS ARE VERY MUCH WORRIED ABOUT CPI (CRUDE PRICES, POLITICAL UNCERTAINITY, INFLATION FEARS) THESE THINGS WILL DEFINITELY HAUNT THE MARKETS TILL THE TIME THINGS STABILIZE.

TODAY MARKETS WOULD OPEN NEGATIVE AND TRADE IN A NARROW BROAD RANGE AS LONG AS NIFTY BREAKS DOWN THE CRUCIAL LEVELS. IF NIFTY TRADES BELOW 5440 THEN WE CAN SEE FURTHER DOWNSIDE IN THE NIFTY 5400 LEVELS AND ANY BREAK BELOW THIS LEVEL WE CAN SEE NIFTY TO SLIDE DOWN TO MUCH LOWER LEVELS, ONE CAN STAY SHORT IF NIFTY CLOSES BELOW 5440 LEVELS. ON THE POSITIVE SIDE AS LONG AS NIFTY TRADES ABOVE 5500 ONE IS ADVISED TO STAY AWAY FROM LONGS. ON THE POSITIONAL FRONT NIFTY HAS WEAKEND AND ONE IS ADVISED TO STAY OUT OF LONG AT THE MOMENT.

BUY DR REDDY ABOVE 1610 SL 1603 TGT 1627/1641/1650
BUY UBL SL 479 TGT 495/506/512*