INTRADAY TIPS FOR 31 JANUARY 2011

GOOD MORNING!!!

WE HAVE WITNESSED YET ANOTHER DOOMS DAY. INDICES SLIPPED BELOW THE CLOSING PRICE IMMEDIATELY AFTER MAKING A TIMID START IN THE EARLY TRADE TRACKING THE SOMBER ASIAN COUNTERPARTS WHICH GOT DRAGGED AS SENTIMENTS WENT AWRY AMID RENEWED APPREHENSIONS OVER THE GLOBAL ECONOMIC RECOVERY PROSPECTS. THE FIRST DAY OF NEW F&O SERIES WITH HUGE CUTS, JUST ABOVE THE CRUCIAL SUPPORT LEVELS AS SOME SHORT COVERING IN THE DYING HOURS OF TRADE PULLED UP THE MARKETS A BIT. A BULK OF STOCKS, RIGHT FROM THE HEAVYWEIGHTS TO THE RELATIVELY SMALLER PEERS, WITNESSED THE BLOODBATH IN THE ABSENCE OF ANY LOCAL OR GLOBAL TRIGGERS THAT COULD LIFT SENTIMENTS. THE MARKET BREADTH WAS AWFULLY BAD COMPARED TO ANY OTHER DAY IN THE RECENT PAST. THE HIGH BETA, REAL ESTATE STOCKS ONCE AGAIN LANGUISHED AT THE BOTTOM OF THE SECTORAL LIST AFTER TUMBLING AROUND FIVE PERCENT, MAJORS LIKE HDIL AND DLF REMAINED THE BIGGEST LAGGARDS IN THE SPACE AFTER DRIFTING 10.06% AND 7.02% IN A SINGLE DAY. THE CONSUMER DURABLE COUNTER TOO WITNESSED HUGE PROFIT BOOKING AS IT SHAVED OFF 3.91% WITH THE LIKES OF BLUE STAR AND WHIRLPOOL SLIDING DEEPER INTO THE RED WITH 11.61% AND 5.73% LOSSES RESPECTIVELY.

TODAY, MARKETS WOULD OPEN NEGATIVE BUT MAY TAKE SUPPORT AT LOWER LEVELS AS SPECIFIED BELOW. IF NIFTY TRADES BELOW 5500 THEN LIKELY TO COME DOWN TO 5442 AND THEN TO 5407 LEVELS AND ANY BREAK BELOW THIS POINT WOULD TAKE NIFTY TO 5370 LEVELS WHERE NIFTY WOULD TAKE GREATER SUPPORT AND MAY LIKELY TO INCLINE FROM THERE ON BUT ANY BREAK AND CLOSE BELOW THIS LEVEL WOULD DRAG NIFTY TO 5200 LEVELS. THE BIGGEST MATTER OF CONCERN IN THE MARKET IS THE INDICES HAVE FALLEN LIKE A HOUSE OF CARDS IN THE LAST TWO SESSIONS OF TRADE AND THAT TOO ON HIGH VOLUMES. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5550 THEN LIKELY TO MOVE UP TO 5611 LEVELS AND BREAK ABOVE THIS LEVEL WOULD TAKE NIFTY WOULD BE ON THE POSITIVE TRACK, ONE SHOULD SEE UNLESS THERE IS SOME KIND OF SUPPORT TAKING AT THE BOTTOM IT IS ADVISED TO BE VERY CAUTIOUS IN THE MARKET AS THE INTENSITY OF SELL-OFF IN THE MARKET IS HUGE. TRY TO AVOID BUYING COMPLETELY AS LONG AS NIFTY TRADES ABOVE 5611.

STAY CAUTIOUS IN THE MARKET LIKELY TO COME DOWN TO 5200 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 4600 LEVELS SO STAY CAUTIOUS

INTRADAY TIPS FOR 28 JANUARY 2011

GOOD MORNING!!!

IT TURNED OUT TO BE ANOTHER PATHETIC TRADING SESSION FOR THE INDIAN STOCK INDICES WHICH GOT CLOBBERED OUT OF SHAPE BY AROUND ONE AND HALF A PERCENTAGE POINTS ON THE EXPIRY DAY OF JANUARY F&O SERIES. THE BULLS REMAINED UNDER COVERS ALL THROUGH THE DAY AS BEARS PARTIED HARDER AFTER THE MINISTRY OF COMMERCE AND INDUSTRY RELEASED THE DISAPPOINTING FOOD INFLATION NUMBERS WHICH STAYED ABSOLUTELY FLAT AT 15.57% ON ANNUAL BASIS DURING WEEK-ENDED JAN 15 COMPARED WITH 15.53% RECORDED IN THE PREVIOUS WEEK. INITIALLY MARKETS GOT OFF TO AN OPTIMISTIC NOTE TRACKING THE ASIAN INDICES WHICH TRADED MOSTLY IN THE GREEN AS SENTIMENTS REMAINED OPTIMISTIC ON THE BACK OF THE US FEDERAL RESERVE'S STATEMENT THAT IT WILL CONTINUE TO TAKE EFFORTS TO SUPPORT THE ECONOMIC GROWTH ALONG WITH THE BETTER THAN EXPECTED US' NEW-HOME SALES DATA. HOWEVER, THE FRONTLINE INDICES FAILED TO CAPITALIZE ON THE INITIAL MOMENTUM AND DRIFTED INTO THE NEGATIVE ZONE AND DETERIORATED FURTHER AS THE DAY PASSED BY. HOWEVER, THE INDICES GYRATED IN A NARROW RANGE THROUGH THE FIRST HALF AND HUGE BOUTS OF PROFIT TAKING WAS WITNESSED IN THE LATE SECOND HALF OF THE SESSION ENSURING THAT THE BOURSES GO HOME WITH LARGE CUTS OF AROUND ONE AND HALF A PERCENT IN THE ABSENCE OF ANY SHORT COVERING IN LATE TRADE. MARKET BREADTH REMAINED WEAK THROUGHOUT THE DAY, ON THE SECTORAL FRONT THE MAJOR LOOSERS WERE REAL ESTATE AND PHARMA LOOSING 3.5% AND 2.61%. ALL THE SECTORAL INDICES WERE TRADING IN RED BY THE CLOSE OF THE TRADE.

TODAY MARKETS LOOKS FLAT AND TO REMAIN NARROWLY RANGE BOUND IF NIFTY TRADES BELOW 5597 THEN LIKELY TO MAKE ITS DOWNWARD JOURNEY TO 5540 LEVELS AND 5500 ANY BREACH AND CLOSE BELOW 5597 WOULD DRAG NIFTY TO 5400 AND THERE AFTER TO 5200 LEVELS. ON THE FLIP SIDE AS LONG AS NIFTY TRADES ABOVE 5597 WE CAN SEE NIFTY TO MOVE UP TO 5646 AND THEN TO 5692 LEVELS IN THE NEAR TERM 5765 WOULD BE A MAJOR RESISTANCE. IF NIFTY TRADES ABOVE ANYWHERE ABOVE 5597 IS ONLY BUY ON INTRADAY AND NOT ON POSITIONAL AND ONCE NIFTY BREACHES 5597 AND TRADES STAY AWAY FROM LONGS. ON THE POSITIONAL FRONT WE ARE IN A VERY NEGATIVE ZONE THOUGH 5597 IS A CRUCIAL SUPPORT AND WE ARE HOVERING AT THE SAME PLACE SO ONE IS CAUTIONED ON THIS ON THE LONG SIDE IF NIFTY TRADES ABOVE 5750 WE CANT AFFORD TO HOLD ANY LONG POSITIONS IN NIFTY, BETTER TO DRIVE OURSELF WITH THE TREND.

BUY NATIONAL ALUMINIUM SL 390 TGT 396/400/405
SELL BRFL BELOW 240 SL 243.6 TGT 234/228/222/216 (SHORT TERM)

INTRADAY TIPS FOR 27 JANUARY 2011

GOOD MORNING!!!

MARKETS STARTED THE DAY ON AN OPTIMISTIC NOTE TRACKING THE ASIAN PEERS WHICH TRADED MOSTLY IN THE GREEN FOLLOWING THE UPBEAT OVERNIGHT CUES FROM THE WALL STREET WHERE COMPANIES POSTED BETTER THAN EXPECTED EARNINGS REPORTS ALONG WITH SOME TAKEOVER AND SHARE BUYBACK ANNOUNCEMENTS. THE FRONTLINE INDICES MANAGED TO BUILD ON TO THE EARLY GAINS IN THE FIRST HALF OF TRADE AS THEY TOUCHED THE INTRADAY HIGH LEVEL AND MAINTAINED ALMOST TILL THE RBI POLICY WAS ANNOUNCED SOONER THE RBI’S KEY INTEREST RATE HIKE BY 25 BASIS POINTS WAS ANNOUNCED INDICES MADE A NEW INTRADAY HIGH BUT AFTER SOMETIME MARKETS STARTED DRIFTING LOWER TO THE LOW POINT OF THE DAY IN THE DYING MINUTES AND SHUT INDICES WITH CUTS OF AROUND A PERCENT. VOLUMES FOR MARKETS STAYED SUBSTANTIALLY HIGHER THAN THE PREVIOUS DAY. THE MARKET BREADTH COMPLETELY CHANGED 180 DEGREES FROM THE MORNING SESSION FROM POSITIVE TO VERY NEGATIVE. THE RATE-SENSITIVE BANKING, REALTY AND AUTO STOCKS REMAINED HIGHLY UNSTABLE ON THE BOURSES AND THEY DID A BULK OF THE DAMAGE

TODAY MARKETS WOULD TRADE ON A HIGHLY VOLATILE NOTE AHEAD OF EXPIRY OF CONTRACT OF JANUARY. IF NIFTY TRADE BELOW 5676 THEN LIKELY TO COME DOWN TO 5650 LEVELS AND ANY BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 5619 LEVELS ANY CLOSE BELOW 5600 WOULD TAKE NIFTY TO 5400 IN A VERY SHORT TIME IN THE DAYS AHEAD BE VERY CAUTIOUS ON POSITIONAL FRONT, AS LONG AS NIFTY TRADES ABOVE 5600 THEN THERE IS EVERY POSSIBILITY FOR NIFTY TO BOUNCE BACK. ON THE POSITIVE NOTE IF NIFTY TRADES ABOVE 5700 THEN LIKELY TO MAKE AN UPMOVE TO 5738 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKE IT TO 5760 LEVELS. MARKETS WOULD CLOSE AROUND 5700 LEVELS TO THE MAXIMUM. THERE WOULD BE VERY ERRATIC MOVEMENTS IN THE MARKETS, SO DON’T GET TRAPPED ON INTRADAY FRONT STAY CAUTIOUS.

INTRADAY TIPS FOR 25 JANUARY 2011

GOOD MORNING!!!

THE INDICES STARTED THE DAY IN THE GREEN ZONE WHICH GOT ITS STRENGTH FROM THE ASIAN MARKETS WHICH WERE TRADING ON GREEN. THE FRONTLINE INDICES MANAGED TO GRADUALLY GAIN TRACTION IN THE FIRST HALF OF TRADE AS THEY TOUCHED THE INTRADAY HIGHS OF THE DAY. HOWEVER THE INDICES CAME OFF THE DAY’S HIGH AS INVESTORS SQUARED SOME POSITIONS IN THE AFTERNOON TRADE. THE BOURSES EVENTUALLY MANAGED TO HOLD ON TO THE GAINS IN THE DYING HOURS AND CLOSED WITH GAINS. THE MARKET BREADTH WAS POSITIVE BUT THE VOLUMES WERE LOWER COMPARED TO PREVIOUS DAYS. BANKING WAS THE BIGGEST GAINER IN THE LAST DAY AS INVESTORS SHOWED HUGE BUYING INTERESTS IN BANKING SHARES, A DAY AHEAD OF THE RBI MONETARY POLICY REVIEW WHICH HEADS FOR THE MOST DIFFICULT MONETARY POLICY REVIEW IN THE POST GLOBAL FINANCIAL CRISIS PERIOD. INVESTORS REMAINED SANGUINE ON THE BACK OF ENCOURAGING THIRD QUARTER EARNINGS POSTED BY HEAVY WEIGHTS STATE BANK OF INDIA AND ICICI BANK.

TODAY NIFTY WOULD OPEN IN GREEN TRACKING THE TWO AND HALF MONTH HIGH ON US INDICES AND POSITIVE OPENING OF ASIAN MARKETS. IF NIFTY TRADES ABOVE 5765 THEN LIKELY TO MAKE AN UPMOVE TO 5800 AS THIS BEING PSYCHOLOGICAL RESISTANCE, NIFTY MAY FACE TOUGH RESISTANCE AROUND 5765 LEVELS. IF NIFTY CLOSES ABOVE 5765 LEVELS THEN WE CAN SEE NIFTY TO TOUCH 5835 LEVELS. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5738 LEVELS WE CAN SEE NIFTY TO DRIFT DOWN TO 5697 LEVELS AND THEN TO 5665 LEVELS AND ANY BREAK BELOW THIS LEVEL WOULD DRAG FURTHER DOWNSIDE TO 5620 ONE SHOULD REMEMBER THAT ANY CLOSE BELOW 5600 ANYDAY WOULD TAKE NIFTY TO 5200 LEVELS. STAY CAUTIOUS AHEAD OF EXPIRY AND TOMORROW BEING HOLIDAY WE MAY SEE LOT OF ROUGH VOLATILITY IN THE TRADE STAY VERY CAUTIOUS UNTIL THE MONETARY POLICY IS OUT IT IS WISE NOT TO HOLD TOO MANY LONG POSITIONS.

BUY BANK NIFTY SL 11125 TGT 11242/11300/11340
STRADDLE
BUY NIFTY PE 5800 AND 5800 CE BOTH TOGETHER AT 50 RUPEES.
RISKY TRADES CAN BUY NIFTY 5800 PE IN THE OPENING

INTRADAY TIPS FOR 24 JANUARY 2010

GOOD MORNING!!!

THE INDICES GOT A WEAK START TRACKING THE ASIAN MARKETS. THE BENCHMARKS CONTINUED TO TRADE IN THE RED FOR MOST PART OF THE TRADE AS WEAKER THAN EXPECTED EARNINGS REPORT BY HEAVYWEIGHTS WEIGHED ON SENTIMENTS. AFTER STAYING IN THE RED FOR ALMOST THE WHOLE FIRST HALF, THE FRONTLINE INDICES BOUNCED BACK INTO POSITIVE TERRITORY IN EARLY AFTERNOON TRADES BUT FAILED TO HOLD ON TO THE GAINS. THE SECOND HALF SAW THE BENCHMARKS TOUCH LOWEST POINT OF THE DAY HOWEVER, MANAGED TO PARE SOME OF THE LOSSES IN THE DYING HOURS ON THE BACK OF SOME FRESH BUYING IN OIL AND GAS AND BANKING STOCKS. IT REMAINED A CHOPPY DAY OF TRADE WITH THE NARROW RANGE. THE IT INDEX DOWN 1.29%, SUFFERED THE MOST THIS FRIDAY AS SENTIMENTS TURNED PESSIMISTIC AFTER IT MAJOR WIPRO PLUMMETED 4.59% ON REPORTING WEAKER THAN EXPECTED NUMBERS. WHILE ANOTHER SET OF BELOW EXPECTED NUMBERS CAME FROM REALTY MAJOR HCC AND IT LOST 1.35%. HOWEVER, THE DOWN TREND WAS CAPPED DUE TO BUYING IN THE OIL AND GAS COUNTER AS IT GAINED 0.78%, BEING THE LEADER IN THE SPACE. WHILE THE INTEREST RATE SENSITIVE, BANKING COUNTER TOO GAINED 0.77% AS BANK OF INDIA SURGED 6.50% ON REGISTERING 61% GROWTH IN ITS Q3 NET PROFITS.

TODAY MARKETS LOOK POSITIVE TRACKING ASIAN INDICES WHICH HAVE OPENED POSITIVE. TODAY WE MAY SEE NIFTY TO MOVE UP ON BUYING INTEREST NOT ONLY ON POSITIVE OUTLOOK BUT ALSO ON POSITIVE QUARTER RESULTS ON MANY FRONTLINE STOCKS. IF NIFTY TRADES ABOVE 5715 THEN LIKELY TO MAKE AN UPMOVE TO 5740 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5765 LEVELS AND ANY BREAK AND CLOSE ABOVE THIS POINT WOULD TAKE NIFTY TO 5800 LEVELS AND ON THE FLIP SIDE IF NIFTY TRADES BELOW 5685 THEN LIKELY TO COME DOWN TO 5650 LEVELS AND ANY BREAK BELOW THIS LEVEL WE CAN SEE NIFTY TO SLIDE DOWN TO 5600 LEVELS AND ANY CLOSE BELOW 5600 WE CAN SEE NIFTY TO COME DOWN TO 5200 LEVELS UNTILL 5600 LEVEL IS HOLDING WE CAN SEE NIFTY TO TAKE SUPPORT AT THIS LEVEL. STAY CAUTIOUS AS FNO EXPIRY IS NEARING, WE MAY SEE LOT OF VOLATILITY.

BUY LIC SL 192 TGT 200/205/209
BUY SESAGOA SL 335 TGT 340/343.60/348.50
SELL ASHOK LEYLAND SL 59.50 TGT 58/57/55
SELL IDEA SL 69 TGT 68/67/66

INTRADAY TIPS FOR 21 JANUARY 2010

GOOD MORNING!!!

MARKETS OPENED THE DAY IN THE RED TERRAIN TRACKING THE WEAK ASIAN AND OVERNIGHT US MARKETS WHICH FELL ON THE BACK OF A DECLINE IN US HOUSING STARTS AND DISAPPOINTING EARNINGS REPORT FROM GOLDMAN SACHS. THE FRONTLINE INDICES CONTINUED TO TRADE IN THE RED THROUGH THE FIRST HALF AS INVESTORS TOOK PROFITS OF THE TABLE. THE INITIAL MOMENTS IN SECOND HALF SAW THE BENCHMARKS TOUCH LOWEST POINT OF THE DAY HOWEVER, THE BOURSES MANAGED TO PULL OUT A SHARP RECOVERY IN THE DYING HOURS ON THE BACK OF FRESH BUYING IN BANKING STOCKS. MARKETS FINISHING ON AN OPTIMISTIC NOTE. IT WAS THE UPSURGE IN BANKING STOCKS THAT LED TO THE LATE RECOVERY IN THE STOCK MARKETS RETRACING ALL THEIR EARLIER LOSSES IN THE LAST HOUR OF TRADE. SENTIMENTS TURNED POSITIVE ON THE BACK OF BETTER THAN EXPECTED QUARTERLY EARNINGS RESULTS AND WEAKER INFLATION NUMBERS, EVEN AS GLOBAL MARKETS CONTINUED TO EXTEND THEIR LOSSES.

TODAY MARKETS LOOKS TO OPEN ON A NEGATIVE NOTE TRACKING WEAK US MARKETS CLOSING ALONG WITH WEAK ASIAN MARKETS OPENING, TODAY IF NIFTY TRADES BELOW 5710 THEN WE MAY LIKELY TO SEE NIFTY TO COME DOWN TO 5687 AND BELOW THIS LEVEL LIKLEY TO SLIDE DOWN TO 5656 LEVELS AND ANY TRADE BELOW THIS POINT WOULD TAKE NIFTY TO 5616 LEVELS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5730 THEN LIKELY TO MOVE UP TO 5750 LEVES AND ANY BREAK ABOVE THIS POINT WOULD TURN MARKETS TO THE POSITIVE ZONE AND WE MAY LIKLEY TO HEAD UP IN THE DAYS FOR A SHORT PERIOD, ABOVE 5750 WE CAN SEE NIFTY TO MOVE UP TO 5778 AND THEN TO 5798 LEVELS. WE MAY SEE A VERY ROUGH MARKETS IN THE COMING WEEK AHEAD OF EXPIRY OF JANUARY CONTRACT.

NO RECOS FOR THE DAY

INTRADAY TIPS 20 JANUARY 2011

GOOD MORNING!!!

YET AGAIN ANOTHER DISAPPOINTING PERFORMANCE IN THE DALAL STREET AFTER A RESILIENT SHOW ON PREVIOUS SESSION. MARKETS GOT TO A POSITIVE START TRACKING MOST ASIAN INDICES EXTENDED THEIR GAINS IN THE MORNING TRADE AS GAINS IN TECHNOLOGY RELATED STOCKS UNDERPINNED SENTIMENTS. HOWEVER THE FRONTLINE INDICES DRIFTED INTO THE NEGATIVE TERRITORY IN NO TIME AS VOLATILITY CREPT IN. THOUGH MARKETS TRADED IN THE GREEN IN THE INITIAL MOMENTS OF THE SECOND HALF BUT A SUDDEN SHARP CUT WAS WITNESSED IN THE LATE TRADE AND INDICES TUMBLED DEEP INTO THE RED. THEREAFTER THERE WERE NO SIGNS OF SIZEABLE RECOVERY ATTEMPT WHICH COULD LEAD THE INDICES IN GREEN AND THEY FINALLY SETTLED WITH CUTS OF AROUND HALF A PERCENT. ON THE SECTORAL FRONT METALS SAW HUGE BUYING INTEREST AND WAS UP BY AROUND 1.76%, REAL ESTATE GAINED AROUND 1.7% ON THE FLIP SIDE WE HAVE SEEN CAPITAL GOODS, OIL & GAS ALONG WITH IT SAW SOME PROFIT BOOKING.

TODAY MARKETS WOULD SEE A NEGATIVE START TRACKING WEAK CLOSING OF US MARKETS AND EUROPEAN MARKETS ALONG WITH IT THE WEAK OPENING OF ASIAN INDICES WHICH WOULD PAVE WAY FOR INDIAN MARKETS TO START OFF WITH A NEGATIVE OPENING. TODAY IF NIFTY TRADES BELOW 5680 LIKELY TO COME DOWN TO 5658 LEVELS AND ANY BREAK BELOW THIS POINT WOULD TAKE NIFTY TO 5628 LEVELS AND FURTHER BREACH BELOW THAT LEVEL WOULD DRAG NIFTY TO 5600 BUT ANY BREAK BELOW 5600 ONE CAN SEE A BEAR PHASE TO COME IN. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5700 THEN LIKELY TO MAKE IT UPWARD JOURNEY TO 5720 AND THEN TO 5740 LEVELS WHICH IS REMOTE IN TODAY TRADE.

BUY TATA COFFEE SL 663 TGT 690/712/722 (SHORT TERM 800/900/1000)

INTRADAY TIPS FOR 19 JANUARY 2011

GOOD MORNING!!!

INDICES GOT OUT TO A FANTASTIC START ON THE BACK OF STRONG RESULTS POSTED BY TCS IN THE, AFTER MARKETS HOURS LAST DAY AFTER BEING SLAUGHTERED FOR THE PAST FEW DAYS OVER 4%. INDICES SURGED IN THE INITIAL HOURS OF TRADE, THERE WAS GOOD NUMBER OF POSITIONS WHICH GOT ADDED IN THE MARKET IN THE OPENING AND WITH SOME POSITION SQUARING BETWEEN THE LATE MORNING TO MID AFTERNOON SESSION LED THE INDICES TO GYRATE IN A TIGHT BAND. BUT POSITION BUILD UP GATHERED PACE IN THE DYING HOURS OF TRADE WHICH HELPED THE BOURSES TO CATCH THE MOMENTUM AND EVENTUALLY END THE SESSION WITH STRONG GAINS OF OVER A PERCENT. VOLUMES WERE NOT GREAT EXCEPT FOR THE LAST HALF AN HOUR OF TRADE BUT THE BREADTH OF THE MARKET WAS POSITIVE. THE IT COUNTER KEPT BUZZING ALL THROUGH THE DAY AND REMAINED TOP SECTORAL GAINER WITH 2.60% GAINS, INVESTORS ALSO STAYED BULLISH ON METAL AND HEALTHCARE ON THE FLIP SIDE, OIL & GAS PACK REMAINED THE ONLY LAGGARD. WE HAVE SEEN SOME GOOD AMOUNT OF SELL OFF IN RELIANCE INFRA IN THE FORM OF PROFIT BOOKING FOR THE SECOND CONSECUTIVE SESSION TO END LOWER BY 4.5%.

TODAY MARKETS WOULD OPEN ON A POSITIVE NOTE TRACKING POSITIVE CLOSING OF US AND EUROPE. TODAY IF MARKETS OPEN ABOVE 5737 THEN LIKELY TO MAKE AN UPMOVE TO 5769 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5795 LEVELS AND ANY BREACH AND TRADE ABOVE THIS POINT WOULD TAKE IT TO 5824 LEVELS, ANY CLOSE ABOVE 5769 ON THE CLOSING BASIS ONE CAN RETAIN LONGS FOR THE OVERNIGHT TRADE AS WELL, ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5724 THEN LIKELY TO SLIDE DOWN TO 5700 LEVELS AND ANY BREACH BELOW THIS POINT WOULD TAKE NIFTY DOWN TO 5760 LEVELS AND ANY FURTHER BREACH BELOW THIS POINT WE WOULD SEE SUPPORT COMING IN AT 5637 LEVELS AND ANY BREACH BELOW THIS POINT WE MAY SEE THE MAJOR SUPPORT AT 5600 LEVELS AND ANY CLOSE BELOW 5600 WE CAN SEE ANOTHER 300 TO 400 POINTS DECLINE FROM THERE ON. ONE IS ADVISED TO EXIT CEMENTING STOCKS AS THEY MAY UNDERPERFORM IN THE DAYS AHEAD AND ADVISED TO ENTER INTO IT AS ALL THE EXTERNAL FACTORS ARE SUPPORTING THE IT INDEX. STAY AWAY FROM FERTILIZERS TOO IN SHORT TERM THOUGH LONG TERM STORY IS IN TACT.

BUY JINDAL STEEL SL 689 TGT 705/717/724
BUY JINDAL SAW SL 222 TGT 225.80/227.50/230 (SHORT TERM 275)

INTRADAY TIPS FOR 18 JANUARY 2011

GOOD MORNING!!!

A LACKLUSTER DAY OF TRADE ENDED WITH ON A QUIET NOTE WITHOUT ANY MAJOR TRIGGERS IN THE MARKETS. IT IS A DAY OF CONSOLIDATION OF LARGE CAPS, WHICH TRADED IN A NARROW RANGE FOR THE ENTIRE DAY. THE KEY BENCHMARK INDICES GOT A SUBDUED START TRACKING THE SLUGGISH ASIAN MARKETS FOLLOWING CHINA'S LATEST TIGHTENING MEASURES TO FIGHT INFLATION. AFTER TOUCHING THE LOW POINT OF THE DAY, INDICES SHOWED HIGHLY VOLATILE TREND IN DAY’S TRADE LACKING ANY MAJOR TRIGGERS. THERE WAS SOME RECOVERY IN THE SECOND HALF WHICH SAW THE INDICES TOUCH INTRADAY HIGH LEVELS WHICH PROVED TO BE SHORT LIVED WHERE MAJORITY OF THE INVESTORS TRIED TO SQUARE OFF THEIR POSITIONS AT THE HIGH LEVELS WHICH BROUGHT THE BOURSES OFF THE DAY’S HIGH TO EVENTUALLY END THE CHOPPY TRADING SESSION IN THE POSITIVE TERRITORY BUT WITH ONLY MODEST GAINS. THE MARKET BREADTH WAS EXTREMELY NEGATIVE. THE MAJOR SET BACK IN THE MARKET WAS, THE SELLING IN ADAG PACK FOLLOWING THE MARKET REGULATOR SEBI PASSING A CONSENT ORDER WITH REGARD TO ITS PROBE INTO POSSIBLE VIOLATION OF SECURITIES MARKET NORMS BY R INFRA AND RNRL.

TODAY MARKETS LOOK FLAT AND RANGE BOUND, ONE HAS TO REMEMBER FOR THAT NIFTY IS IN A VERY CRUCIAL ZONE, THOUGH WE MAY LIKELY TO HAVE LITTLE RECOVERY IT WOULD BE ON A VERY SHORT NOTE AND LIKELY TO COME DOWN MUCH MORE IF IT BREACHES 5648 LEVELS WHICH IS CONSIDERED TO BE A 200 EMA, AS LONG AS NIFTY TRADES AND CLOSES ABOVE 5648 LEVELS ONE CAN CONSIDER THIS AS A CRUCIAL SUPPORT AND CAN RETAIN LONGS BUT ONCE THIS LEVEL IS BREACHED AND CLOSED AT THE END OF THE SESSION THEN ONE IS ADVISED TO STAY AWAY FROM LONGS AS WE MAY LIKELY TO HEAD MUCH LOWER LEVELS. ONE CAN GO LONG IN TODAYS TRADE WITH A STOPLOSS OF 5534, WE CAN SEE NIFTY TO 5682 AND THEN TO 5700 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE IT TO 5740 LEVELS. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5634 THEN LIKELY TO MAKE ITS DOWNWARD JOURNEY TO 5597 AND ANY BREAK BELOW THIS POINT WOULD DRAG NIFTY TO 5544. ANY CLOSE BELOW 5648 IS CONSIDERED TO BE WEAK BUT ANY CLOSE BELOW 5597 WOULD BE CONSIDERED TO HAVE VERY GOOD SELLING AND SEE BEARS MAKING ABSOLUTE BLAST IN THE DAYS AHEAD.

BUY ISPAT INDS SL 24 TGT 24.65/24.80/25
BUY NELCAST SL 117 TGT 121/123/126.70
BUY HIND ZINC SL 1357 TGT 1378/1392/1411

INTRADAY TIPS FOR 17 JANUARY 2010

GOOD MORNING!!!

MARKETS FAILED TO GAIN ANY KIND OF MOMENTUM INITIALLY AS GLOBAL CUES REMAINED WEAK. ASIAN BOURSES TRADED IN THE RED ZONE AS INVESTORS OPTED TO TAKE PROFITS OFF THE TABLE TRACKING THE WEAK CLOSE IN OVERNIGHT US MARKETS. THE EQUITY INDICES IN INDIA HAVE BEEN SMASHED TO SMITHEREENS FOR THE SECOND STRAIGHT DAY OF TRADE AS DREADFUL DECEMBER INFLATION NUMBERS CONTINUED TO TORMENT THE LOCAL EQUITY INDICES AFTER A TEPID IIP NUMBERS. THE FRONTLINE INDICES REMAINED RANGE BOUND IN THE MORNING SESSION BUT IN THE LATE MORNING TRADE THE INDICES ERASED ALL THE LOSSES AND MANAGED TO BREAK IN TO THE GREEN AS IT STOCKS SUPPORTED THE PULL BACK. AFTER TRADING IN THE POSITIVE TERRITORY FOR A COUPLE OF HOURS, SELLING PRESSURE RE-EMERGED AS INVESTORS LACKED CONVICTION AND THEY SQUARED OFF POSITIONS. EVENTUALLY, THE BOURSES SUCCUMBED TO THE PRESSURE AND TUMBLED LIKE A HOUSE OF CARDS TO SETTLE WITH DEEP CUTS OF OVER ONE AND HALF PERCENT AS THERE WAS NO SHORT COVERING. VOLUMES WERE SUBSTANTIALLY HIGHER. THE MARKET BREADTH WAS EXTREMELY NEGATIVE.

MARKETS ARE NOW AT A CRUCIAL JUNCTURE WHERE, NIFTY LIKELY TO TAKE SUPPORT AT 5600 TO AVOID FURTHER BLEEDING. TODAY, IF NIFTY TRADES BELOW 5640 THEN LIKELY TO COME DOWN TO 5597 LEVELS AND ANY BREACH BELOW THIS LEVEL WOULD TAKE NIFTY TO 5540 LEVELS AND ANY CLOSE BELOW 5600 WOULD DRAG NIFTY FURTHER DOWN IN COMING DAYS TO 5380 LEVELS. ON THE FLIP SIDE IF NIFTY TRADES 5670 THEN LIKELY TO MAKE ITS UPWARD JOURNEY TO 5720 LEVELS AND FURTHER BREACH ABOVE THIS POINT WOULD TAKE IT TO 5773 LEVELS. ONE HAS TO STAY CAUTIOUS IN THE MARKET, AVOID HEAVY BUYING, HEDGE YOUR POSITIONS COMPLETELY. MARKETS ARE SHOWING NO STRENGTH SO STAY CAUTIOUS.

BUY HARRISON MALAYALAM SL 88 TGT 93/96/100

INTRADAY TIPS FOR 14 JANUARY 2010

GOOD MORNING !!!

INDICES FAILED TO CARRY THE MOMENTUM FROM LAST DAYS PULL BACK AND GOT OFF TO A WEAK START. THE INDICES TRADED IN THE NEGATIVE TERRAIN IN THE INITIAL HOURS AS INVESTORS LACKED ENTHUSIASM AND CONTINUED TO BOOK PROFITS AS THEY CONTINUED TO UNDERPERFORM EVEN AS ASIAN MARKETS TRADED WITH SOME STRENGTH. INDICES THOUGH RECOVERED A BIT IN THE LATE FIRST HALF BUT THE SUSTAINED SELLING PRESSURE THEREAFTER ENSURED THAT THE MARKETS SETTLE INTO DEEP RED. IT TURNED OUT TO BE A LACKLUSTER FOR THE MARKETS AS THEY RETURNED TO THE SELL-OFF MODE JUST A DAY AFTER BREAKING THE STREAK OF CLOSING IN THE RED AFTER SIX TRADING SESSION. THE THREE I’S (INTEREST, INFLATION AND IIP) MADE A HAVOC IN THE MARKETS ANOTHER I INFOSYS’ JOINED TO SPOIL MUCH MORE IN THE INDIAN MARKET. INFOSYS DISAPPOINTING THIRD QUARTER RESULTS REMAINED THE BIGGEST DAMPENER FOR THE MARKET. BANKING WAS THE BIGGEST LAGGARD IN THE SECTORAL INDICES AS BANKING MAJORS LIKE SBI, ICICI AND OTHER HAVE PLUNGED THE MOST. SOFTWARE TOO REMAINED UNDER IMMENSE PRESSURE. EXCEPT FOR THE REALITY ALL THE SECTORS WERE IN DEEP RED.

TODAY, WE MAY SEE SOME ERRATIC MOVES IN THE MARKETS, IF YOU SEE BROADLY MARKETS ARE HOVERING IN A BROAD RANGE OF 100 POINT IN A SINGLE DAY. ONE IS ADVISED TO STAY CAUTIOUS AND TRADE WITH LESS QUANTITY AS IT WILL PLACE YOU IN A POSITION WHERE YOU CAN TAKE DECISION WISELY ON INTRADAY FRONT. IF NIFTY TRADES BELOW 5740 THEN LIKELY TO COME DOWN TO 5700 THIS IS A SHORT TERM SUPPORT WHERE MARKETS WILL TRY TO STAY ABOVE THIS LEVEL BUT ONCE THIS LEVEL IS CUT THE WE CAN HEAD DOWN TOWARDS 5640 LEVELS BUT IF IT IS BROKEN THEN WE CAN SEE NIFTY TO BLEED DOWN MUCH FURTHER SO ONE SHOULD BE VERY CAUTIOUS IF NIFTY CLOSES BELOW 5640 LEVELS. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5775 WE CAN SEE NIFTY TO MOVE UP TO 5810 LEVELS AND ABOVE THAT ONE CAN SEE FURTHER UPSIDE TO 5840 LEVEL, ANY TRADE ABOVE 5840 WE CAN SEE NIFTY TO MOVE UPTO 5875 AND ANY CLOSE ABOVE 5875 WE MAY SEE NIFTY TO BE ON A POSITIVE SIDE.

INTRADAY TIPS FOR 13 JANUARY 2011

GOOD MORNING!!!

FINALLY INDICES BROKE THE SIX DAYS JINX OF CLOSING IN RED AND COMPLETELY IGNORED THE MUCH HAUNTING LETTER I (INTEREST, INFLATION AND IIP ) AND CARRIED THE MOMENTUM FROM PREVIOUS CLOSING AND GOT OFF TO A STRONG START. THOUGH THE INDICES TRADED IN THE POSITIVE TERRAIN IN THE INITIAL HOURS, BUT DUE TO LACK OF CONVICTION TRADERS OPTED TO BOOK PROFITS AT HIGHER LEVELS WHILE THE SURPRISINGLY LOW IIP NUMBERS TOO WEIGHED DOWN THE FRONTLINE INDICES TO INTRADAY LOW LEVELS IN THE LATE FIRST HALF SESSION. HOWEVER, THE SECOND HALF SAW THE BOURSES GAIN IMPETUS AS OPTIMISTIC EUROPEAN MARKETS PROVIDED SUPPORT. THE INDICES CONTINUED TO GRADUALLY GARNER STRENGTH TO STRENGTH IN THE DYING HOURS AND CLOSED AROUND THE HIGH POINT OF THE DAY. VOLUMES WERE SUBSTANTIALLY HIGHER THAN LAST ONE AND HALF MONTH IN NIFTY AND TURNOVER IN NIFTY TOO CROSSED HIGHS OF LAST FEW WEEKS. THE BREADTH OF THE MARKET REMAINED VERY STRONG.

TODAY MARKETS LOOK POSITIVE ON STRONG CLOSING OF MARKETS ON THE LAST DAY AND SUPPORTED BY POSITIVE OPENING OF ASIAN MARKETS ALONG WITH POSITIVE CLOSE OF EUROPE AND AMERICAN MARKETS. IF NIFTY TRADES ABOVE 5885 THEN LIKELY TO MOVE UP TO 5910 AND THEN TO 5940 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD MAKE IT JOURNEY TO 5990 LEVELS. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5865 THEN LIKELY TO COME DOWN TO 5840 LEVELS AND BREACH BELOW THIS POINT WOULD DRAG NIFTY TO 5788 LEVELS STAY CAUTIOUS IF NIFTY BREACHES 5840 LEVELS AND STAY INVESTED IF NIFTY CLOSES ABOVE 5900 LEVELS.

BUY INDIAN HOTELS SL 101 TGT 103/104.50/105.85
BUY HIND ZINC SL 1414 TGT 1445/1465/1480
BUY INFOSYS SL 3370 TGT 3399/3418/3447
BUY SBI SL 2669 TGT 2700/2725/2750

INTRADAY TIPS FOR 12 JANUARY 2011

GOOD MORNING!!!

MARKETS GOT OFF TO A POSITIVE START, SEEMED AS IF IT WOULD SUSTAIN THE WAY MARKET GOT OPENED, FRONTLINE INDICES LOOKED TO CONSOLIDATE AFTER TWO DAYS OF HUGE FREEFALL BUT IT PROVED TO BE VERY SHORT LIVED AS INDICES DIPPED INTO THE RED AFTER AN HOUR OF TRADE AND AGAIN MOVED BACK INTO A VERY POSITIVE ZONE WITH A VERY WILD FLUCTUATIONS IN THE MARKETS AND IT PROVED TO BE SHORT LIVED AFTER TOUCHING INTRADAY HIGH, THE MARKETS MOVED UP AND DOWN AROUND 600 POINTS IN NIFTY WHICH IS ALMOST THE HIGHEST FLUCTUATIONS IN THE RECENT PAST, IT WAS A VERY WILD FLUCTUATION. HOWEVER, THE CLOSING SENTIMENT IN THE INDICES COULD SUSTAIN THE CRUCIAL 19,000 AND 5,700 SUPPORT LEVELS AND BOUNCE BACK INTO THE GREEN TO EVENTUALLY SETTLE ON AN ABSOLUTELY FLAT NOTE IN THE LAST HALF AN HOUR OF TRADE. BANKING SECTOR SAW SOME GOOD MOVEMENT AS INDIAN BANKS' ASSOCIATION URGING THE CENTRAL BANK TO CUT CASH RESERVE RATIO (CRR) AND STATUTORY LIQUIDITY RATIO (SLR) IN THE RESERVE BANK OF INDIA (RBI)’S PRE-CREDIT POLICY MEETING WHICH IS GOING TO BE HELD ON 25 OF THIS MONTH. OVERALL BREADTH OF THE MARKET REMAINED WEAK.

TODAY NIFTY MAY OPEN POSITIVE TRACKING POSITIVE AMERICAN CLOSING, IF NIFTY TRADES ABOVE 5782 THEN LIKELY TO MAKE ITS UPWARD JOURNEY TO 5820 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKENIFTY TO 5850 LEVELS AND ANY TRADE ABOVE 5850 WOULD TAKE NIFTY TO 5900 LEVELS. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5760 LEVELS THEN ONE CAN SEE NIFTY TO SLIDE DOWN TO 5725 AND THEN TO 5700 AND ANY BREAK BELOW 5700 WOULD TAKE NIFTY TO 5675 AND BELOW THIS POINT 5635 LEVELS, IF NIFTY CLOSES BELOW 5700 ONE CAN SEE NIFTY TO SLIDE DOWN FURTHER TO 5625 LEVELS. ONE HAS TO BE VERY CAUTIOUS IN THE MARKET AND STRICTLY FOLLOW THE LEVELS INDICATED.

BUY SESAGOA SL 329 TGT 336/343/346 (SHORT TERM 360)
BUY MPHASIS SL 671 TGT 684/692/704
BUY CORE PROJECTS SL 270 TGT 279.60/284/288

OPTIONS:
ONE CAN BUY CALL IF NIFTY TRADES ABOVE 5780 LEVELS WITH STOPLOSS OF 5740 LEVELS. AND BUY PUTS ONLY IF NIFTY TRADES BELOW 5700 LEVELS.

INTRADAY TIPS FOR 11 JANUARY 2011

GOOD MORNING!!!

INDICES STARTED-OFF WITH A VERY VOLATILE SESSION TRACKING ASIAN MARKETS WHICH WERE TRADING WITH A NEGATIVE BIAS, A TERRIBLE FIRST DAY OF A NEW WEEK AS THE BLOOD BATH CONTINUED FOR THE FIFTH STRAIGHT DAY OF TRADE TAKING THE BENCHMARK INDICES WAY BELOW THE PSYCHOLOGICAL LEVELS. THE FRONTLINE INDICES REMAINED CHOPPY AND FAILED TO RECOVER AT ANY STAGE. MARKETS SAW RELENTLESS SELLING PRESSURE ACROSS THE COUNTERS AS RATE HIKE FEARS AND WEAK OPENING OF EUROPEAN MARKETS DRAGGED THE FRONTLINE INDICES, THE SLAUGHTER IN THE LATE HOURS ENSURED THAT THE BOURSES WENT HOME WITH MASSIVE LOSSES AND CLOSE AROUND THE LOW POINT OF THE DAY. VOLUMES SAW SUBSTANTIAL PICK UP COMPARED TO LAST FEW DAYS. THE MARKET BREADTH WAS DREADFULLY NEGATIVE. ALL THE SECTORAL INDICES WERE IN RED.

TODAY MARKETS WOULD OPEN FLAT AND REMAIN RANGE BOUND BUT IF NIFTY BREAKS 5750 THEN LIKELY TO COME DOWN TO 5713 LEVELS AND ANY BREAK BELOW THIS POINT WOULD TAKE NIFTY TO 5670 LEVELS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5781 THEN LIKELY TO MOVE UP TO 5820 AND THEN TO 5862 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5890 LEVELS. MARKETS ARE LOOKING VERY WEAK AS OF NOW AND ONE IS ADVISED NOT TO GO LONG.

BUY SATYAM SL 88.80 TGT 91.5/93.40/94.50
BUY OFSS ABOVE 2180 SL 2173 TGT 2195/2211/2222

INTRADAY TIPS FOR 10 JANUARY 2011

GOOD MORNING!!!

MARKETS GOT OFF TO A TEPID START TRACKING ASIAN MARKETS WHICH EXHIBITED MIXED TREND. THE FRONTLINE INDICES COULD NOT GAIN ANY KIND OF MOMENTUM THEREAFTER AND CONTINUED TO SULK AS INVESTORS’ EXERTED HEAVY SELLING PRESSURE ACROSS THE BOARD. IT TURNED TO BE A COMPLETE TURMOIL ON THE LAST DAY OF THE WEEK FOR THE INDIAN MARKETS WHICH GOT THRASHED FOR THE FOURTH STRAIGHT SESSION OF TRADE TO END ON AN EXTREMELY DREADFUL NOTE. INVESTORS WERE TRAPPED IN MAYHEM IN THE LATE HOURS OF TRADE AS THE MAJOR FRONTLINE STOCKS BADLY BURNT, AFTER THE RESERVE BANK OF INDIA’S DEPUTY GOVERNOR EXPRESSED HIS CONCERNS OVER THE TOWERING FOOD INFLATION STATING THAT IT CURRENTLY IS AT A “WORRYINGLY HIGH” LEVEL. RATE-SENSITIVE’S LIKE BANKING AND FINANCIAL INSTITUTIONS, REALTY AND AUTO COUNTERS SULKED FOR ANOTHER DAY AMID GROWING APPREHENSIONS THAT THE HIKE IN INTEREST RATES IS AROUND THE CORNER SEEING THAT THE SURGING FOOD INFLATION NUMBERS WILL PRESSURIZE THE RESERVE BANK OF INDIA (RBI) TO TIGHTEN THE STANCE OF MONETARY POLICY FURTHER IN THE FORTHCOMING POLICY REVIEW SCHEDULED FOR JANUARY 25. EXTREME CAUTION AHEAD OF QUARTERLY RESULTS FROM INDIA INC, INVESTORS CONTINUED TO HIT THE SELL BUTTON THROUGH THE DAY. METAL, AUTO AND IT TOOK A NOSE DIVE IN THE MARKET AND NO INDEX STOCK MANAGED TO CLOSE ON POSITIVE SIDE.

TODAY MARKETS LOOK WEAK ON CLOSING BASIS OF FRIDAY AND WOULD CONTINUE TO OPEN NEGATIVE TRACKING WEAK ASIAN MARKETS ALONG WITH NEGATIVE CLOSING OF US MARKETS. IF NIFTY TRADES BELOW 5900 THEN LIKELY TO COME DOWN TO 5860 AND ANY BREAK BELOW THIS POINT WOULD TAKE IT TO 5820 LEVELS AND ANY CLOSE BELOW THIS POINT WOULD TAKE IT DOWN BELOW TO 5725 LEVELS. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5935 THEN WOULD TAKE IT TO 5970 LEVELS BUT ONE IS ADVISED TO STAY AWAY FROM LONGS AT THIS STAGE AT ANY COST AS THE SELLING AT THIS LEVEL IS VERY VIGOROUS SO PLAY CAUTIOUS ON THE LONG SIDE.

NO RECOS FOR THE DAY

INTRADAY TIPS FOR 07 JANUARY 2011

GOOD MORNING!!!

INDICES CONTINUED THEIR STRUGGLE FOR THE THIRD CONSECUTIVE SESSION OF TRADE WITH ABOUT HALF A PERCENT OF LOSS. SUBDUED SENTIMENTS AHEAD OF THE CORPORATE EARNINGS SEASON COUPLED WITH SHARP SURGE IN FOOD INFLATION NUMBERS WEIGHED HEAVILY ON THE FRONTLINE INDICES. THOUGH MARKETS COMMENCED THE DAY IN THE GREEN ZONE TRACKING ASIAN MARKETS WHICH GAINED STRENGTH AFTER THE US MARKETS CLOSED ON A STRONG NOTE ON GETTING BETTER THAN EXPECTED JOBS REPORT. BUT THE FRONTLINE INDICES DRIFTED INTO THE RED SOON AND AFTERWARDS COMMENCED A SOUTH BOUND JOURNEY FOR THE DAY. INDICES GYRATED IN A NARROW RANGE THROUGH THE DAY AND HUGE BOUTS OF PROFIT TAKING IN THE DYING HOURS LED THE BOURSES WEAK. THE MARKET BREADTH WAS EXTREMELY NEGATIVE, RATE-SENSITIVE’S LIKE BANKING, REALTY AND AUTO COUNTERS THE WITNESSED THE MAXIMUM BRUNT AMID GROWING APPREHENSIONS THAT THE TOWERING FOOD INFLATION WILL PRESSURIZE THE RESERVE BANK OF INDIA (RBI), WHICH LEFT BENCHMARK POLICY RATES UNCHANGED IN THE LAST REVIEW, TO STEP DOWN FROM ITS SELF IMPOSED MORATORIUM IN NOVEMBER REVIEW AND TIGHTEN THE STANCE OF MONETARY POLICY FURTHER IN THE FORTHCOMING POLICY REVIEW SCHEDULED FOR JANUARY 25. REAL ESTATE COUNTER REMAINED IN DOLDRUMS AND LOST ABOUT TWO AND HALF A PERCENT. AUTO HEAVYWEIGHT BAJAJ AUTO PLUMMETED 3.60% ON WEDNESDAY, ON CONCERNS THAT THE TWO-WHEELER INDUSTRY GROWTH WOULD MODERATE OVER FY12-13 AND COMPETITION WOULD INTENSIFY. WHILE FERTILIZER STOCKS TOOK A DEEP CUT AFTER A GROUP OF MINISTERS (GOM) HEADED BY FINANCE MINISTER PRANAB MUKHERJEE DEFERRED ITS DECISION TO DECONTROL UREA PRICES AND BRINGING IT UNDER THE NUTRIENT BASED SUBSIDY (NBS) POLICY REGIME FOR NOW EVEN AS A PANEL OF SECRETARIES WERE ASKED TO WORK OUT A VIABLE MODEL FOR DECONTROLLING THE PRICES. AMONG THE OTHER LOSERS, CEMENT PRODUCERS INCLUDING AMBUJA CEMENT AND ACC SULKED 5.15% AND 4.25% RESPECTIVELY AHEAD OF THE EARNINGS SEASON, ON FEARS THAT COMPANIES WILL FACE COST PRESSURE ON INCREASING COAL PRICES. ON THE OTHER HAND, INFORMATION TECHNOLOGY STOCKS BUCKED THE WEAK MARKETS FOR THE SECOND STRAIGHT DAY AND WITNESSED SOME BUYING INTERESTS TODAY TAKING CUE FROM THE STRENGTH IN THE DOLLAR.

TODAY MARKETS WOULD BE RANGE BOUND TRACKING THE MIXED GLOBAL CUES, MARKETS WOULD REMAIN IN A BAND UNTIL THE RANGE IS BREACHED ON EITHER LEVELS. IF NIFTY TRADES BELOW 6064 THEN LIKELY TO COME DOWN TO 6040 LEVELS AND BREACH BELOW THIS LEVEL WOULD TAKE IT FURTHER DOWNSIDE TO 6010 AND THERE ON IT MAY TAKE SUPPORT AT 5980 LEVELS. ON THE FLIP SIDE OF IT IF NIFTY TRADES ABOVE 6100 THEN LIKELY TO MOVE UP TO 6122 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKE IT TO 6154 LEVELS. ONE HAS TO STAY CAUTIOUS IN THE MARKETS AS INFLATION PRESSURE WILL CONTINUE TO HAUNT THE INDUSTRY.

BUY BINANI INDS SL 252 TGT 268/275/289
BUY JINDAL SAW SL 210 TGT 214.40/217.75/219.55 (SHORT TERM 240/275)
BUY HARRISON MALAYALAM SL 88 TGT 92/95/97
POSITIONAL TRADES
BUY AFTEK TGT 20/23
BUY RELIANCE INDS TGT 1200
BUY INFOSYS TGT 4000/5000
BUY OFSS TGT 2500/3000

INTRADAY TIPS FOR 06 JANUARY2010

GOOD MORNING!!!

ANOTHER DISAPPOINTING SESSION OF TRADE AS INDICES COMMENCED THE DAY ON A FLAT NOTE AS PESSIMISTIC GLOBAL CUES UNDERMINED INVESTOR SENTIMENTS. INDICES EXTENDED LOSSES IN EARLY TRADE AND DRIFTED FOR A SOUTHWARD JOURNEY. THE INDICES GYRATED IN A NARROW RANGE THROUGH THE FIRST HALF; HOWEVER, HUGE BOUTS OF PROFIT TAKING IN THE LATE SECOND HALF SESSION LED THE BOURSES SNAP THE SESSION WITH LARGE CUTS OF AROUND A PERCENT THOUGH THE VOLUMES REMAINED WEAK. THE MARKET BREADTH WAS EXTREMELY WEAK; BANKING COUNTER REMAINED THE TOP SECTORAL LAGGARD, LOSING OVER 2% IN DAY’S TRADE ON THE BACK OF SUSTAINED SELLING AMID FEARS OF A SHARP HIKE IN INTEREST RATES DUE TO RISING INFLATION. BANKING HEAVYWEIGHTS LIKE ICICI BANK AND HDFC PLUMMETED 3.08% AND 2.75% RESPECTIVELY AS INVESTORS STARTED OFFLOADED POSITIONS IN RATE SENSITIVE’S AHEAD OF RBI POLICY MEETING. WHILE AUTO STOCKS TOO SAW HUGE BOUTS OF PROFIT BOOKING AS APPREHENSIONS THAT THE HIKE IN INTEREST RATES AND HIGHER VEHICLE PRICES MAY DENT DEMAND FOR VEHICLES LOOMED. AUTO STOCKS INCLUDING BAJAJ AUTO AND HERO HONDA NOSEDIVED 3.69% AND 3.60% RESPECTIVELY, FERTILIZER SHARES TOO WENT HOME WITH LOSSES AS THE GROUP OF MINISTERS (GOM) MEETING TO DELIBERATE ON RAISING THE PRICE OF UREA AND DECONTROL THE SECTOR WAS GOING ON. WE HAVE WITNESSED SOME BARGAIN HUNT IN INFORMATION TECHNOLOGY STOCKS.

TODAY MARKETS WOULD OPEN POSITIVE TRACKING POSITIVE GLOBAL CUES AND POSITIVE OPENING OF ASIAN MARKETS. TODAY IF NIFTY TRADES ABOVE 6102 THEN LIKELY TO MOVE UP TO 6143 AND BREAK ABOVE THIS LEVEL WOULD TAKE NIFTY TO 6163 LEVELS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 6086 THEN LIKELY TO MOVE DOWN TO 6070 AND THEN TO 6050 LEVELS ANY BREAK BELOW THIS POINT WOULD TAKE IT TO 6028 AND 5980 LEVELS.

INTRADAY TIPS FOR 05 JANUARY 2011

GOOD MORNING!!!

THE BOURSES COMMENCED THE DAY IN THE POSITIVE TERRITORY AS OPTIMISTIC GLOBAL CUES SUPPORTED INVESTOR SENTIMENTS. HOWEVER, THE FRONTLINE INDICES COULD NOT CAPITALIZE ON TO THE EARLY GAINS AND DRIFTED INTO THE RED IN VERY EARLY TRADE AS INVESTORS OPTED TO TAKE PROFITS OFF THE TABLE AT HIGHER LEVELS. THE INDICES REMAINED CHOPPY THROUGH THE SESSION AND THE SELL-OFF IN THE DYING HOURS OF TRADE LED THE INDICES TO CLOSE LOWER. VOLUMES IN THE MARKETS PICKED-UP TO SOME EXTENT COMPARED TO LAST THREE TRADING SESSIONS. FMCG WAS THE BIGGEST GAINER IN THE SECTOR WHILE BANK INDEX WAS THE BIGGEST LOOSER IN THE SECTORAL FRONT.

TODAY MARKETS LOOKS WEAK ON WEAK GLOBAL CUES, TODAY IF NIFTY TRADES BELOW 6146 THEN LIKELY TO DRIFT DOWN TO 6105 LEVELS AND ANY BREAK BELOW THIS POINT WOULD TAKE NIFTY DOWN TO 6070 LEVELS AND THEN TO 6050 LEVELS, ANY CLOSE BELOW 6145 ONE CAN STAY SHORT ON A POSITIONAL FRONT. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 6180 THEN LIKELY TO MOVE UP TO 6210 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6240 LEVELS WHERE THIS POINT WOULD ACT AS A TOUGHEST RESISTANCE. TODAY METALS MAY FACE SOME WEAKNESS.

BUY EXIDE INDS SL 171.55 TGT 173.90/175.25/177.65
BUY ALSTOM PROJECTS SL 721.40 TGT 734/741/753.80 (SHORT TERM 850/925)**
BUY GRASIM SL 2414 TGT 2439/2451/2471

POSITIONAL TRADES
BUY CESC TGT 420
BUY PRAJ INDS TGT 110/125*
BUY CAIRN TGT 390
BUY JINDAL STEEL AND POWER TGT 830/870

INTRADAY TIPS FOR 04 JANUARY 2011

GOOD MORNING!!!

INDICES HAVE STEADFASTLY MAINTAINED THE IMPETUS IN THE PAST FOUR TRADING SESSIONS AND MANAGED TO KICK-OFF THE INITIAL TRADING DAY OF 2011 ON AN OPTIMISTIC NOTE. MARKETS GOT OFF TO A STRONG START ON THE BACK OF OPTIMISTIC CUES FROM THE GLOBAL MARKETS. SENTIMENTS REMAINED UPBEAT IN THE EARLY TRADE BUT GRADUALLY DECLINED AS INVESTORS OPTED TO TAKE PROFITS OUT OF THE TABLE ON HIGH LEVELS. THE BOURSES GYRATED IN A NARROW RANGE WITH A POSITIVE BIAS AND TOUCHED THEIR INTRADAY HIGHS IN THE INITIAL MOMENTS OF TRADE. HOWEVER, SELL-OFF IN THE DYING HOURS OF TRADE LED THE INDICES TO CLOSE NEAR THE DAY’S LOW LEVEL. VOLUMES REMAINED WEAK FOR THE SECOND STRAIGHT DAY AT OVER RS 76 THOUSAND CRORE WHILE THE TURNOVER FOR NSE F&O SEGMENT REMAINED ON THE LOWER SIDE COMPARED TO FRIDAY AT OVER RS 62 THOUSAND CRORE. THE MARKET BREADTH WAS EXTREMELY POSITIVE; METAL COUNTER WAS THE TOP SECTORAL GAINER, WITH TATA STEEL AND STERLITE INDUSTRIES ZOOMING WELL OVER THREE PERCENT. WHILE SUGAR STOCKS TOO RALLIED TODAY AFTER DECLINING IN THE PREVIOUS TRADING SESSION ON REPORTS THAT THE GOVERNMENT WILL IMPOSE 60% IMPORT DUTY ON SUGAR FROM JANUARY 1, 2011. ON THE OTHER HAND, INFORMATION TECHNOLOGY COUNTER REMAINED UNDER MILD PRESSURE ON MONDAY BUT MANAGED TO REGAIN ALL THE LOSSES BY THE END OF THE DAY TO END TO CLOSE IN GREEN. METAL UP 2.07%, CONSUMER DURABLES (CD) UP 1.54%, PUBLIC SECTOR UNDERTAKINGS (PSU) UP 0.59%, BANKEX UP 0.56% AND POWER UP 0.54%. ON THE OTHER HAND, AUTO DOWN 0.17%, INFORMATION TECHNOLOGY (IT) DOWN 0.11% AND OIL & GAS DOWN 0.02% WERE THE ONLY LOSERS SECTORAL SPACE.

TODAY NIFTY WOULD OPEN POSITIVE AND WOULD BE UNDER PRESSURE ON EVERY HIGHER LEVELS. IF NIFTY TRADES ABOVE 6184 THEN LIKELY TO MAKE ITS UPMOVE TO 6200 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6220 AND THEN TO 6240, 6240 IS ONE OF THE MOST CRUCIAL LEVEL IN THE MARKETS BREAK ABOVE WHICH WOULD TAKE NIFTY TO MUCH HIGHER LEVELS THE ONLY POINT OF CONCERN IN THE MARKETS IS THE VOLUMES, THOUGH THE MARKETS ARE SCALING HIGHER DAY BY DAY FOR THE PAST FOUR DAYS IT IS VERY IMPERATIVE TO BEAR IN MIND THAT MARKETS CAN COME DOWN AT A GREATER PACE IF NORMAL VOLUME RESUMES THE EXCHANGES. ONE HAS TO BE VERY CAREFUL AND CALCULATIVE IN TAKING THE POSITIONS AND RETAINING THEM OVERNIGHT. IT IS WISE TO PLAY SAFE AND BUY ONLY ONE-THIRD PART OF THE MONEY YOU HAVE. ON THE FLIP SIDE IF NIFTY TRADES BELOW 6172 THEN LIKELY TO COME DOWN 6150 LEVELS AND BREAK BELOW THIS POINT WOULD DRAG NIFTY TO 6120 LEVELS AND THEN TO 6100. ONE HAS TO BE WITH THE TREND AND AT THIS STAGE I WOULD SUGGEST YOU NOT TO CARRY HUGE VOLUMES OVERNIGHT.

BUY SREINFRA SL 116 TGT 118/120/122
BUY XPRO INDIA SL 70.45 TGT 73/75/77
BUY EVERONN SL 696 TGT 715/725/744
BUY VIVIMED LABS SL 309 TGT 320/327/335*
BUY INDIAN HOTELS SL 100 TGT 102.40/103.55/105 (SHORT TERM 120)*
BUY PUNJLLOYD SL 115.40 TGT 117.60/119.30/120.40 (SHORT TERM 140)*
POSITIONAL TRADES
BUY LLOYD STEEL TGT 18.50

INTRADAY TIPS FOR 03 JANUARY 2011

GOOD MORNING!!!

WISHING YOU A VERY HAPPY NEW YEAR!!!

MARKETS BID ADIEU TO THE YEAR 2010 ON A HIGH NOTE AS THEY ENDED THE DAY ON AN OPTIMISTIC, THE MARKETS GOT OFF TO A POSITIVE START DESPITE THE MIXED CUES FROM THE GLOBAL PEERS. INDICES MANAGED TO EXTEND THEIR GAINS FOR THE THIRD STRAIGHT DAY AS THEY CONTINUED TO GARNER STRENGTH THROUGH THE DAY’S TRADE DESPITE GYRATING IN A NARROW RANGE. INVESTORS REMAINED CAUTIOUS EARLY IN THE DAY BUT SENTIMENTS IMPROVED AS THE DAY PROGRESSED. INDICES MOVED IN A NARROW RANGE WITH A POSITIVE BIAS AND MANAGED TO TOUCH THEIR INTRADAY HIGHS IN THE INITIAL MOMENTS OF THE SECOND HALF. THE MARKET BREADTH WAS POSITIVE; REALTY, AUTO STOCKS LEADING FROM THE FRONT

TODAY MARKETS WOULD OPEN FLAT TO POSITIVE BUT WOULD REMAIN IN A NARROW RANGE BOUND. IF NIFTY TRADES ABOVE 6180 THEN LIKELY TO MAKE AN UP MOVE TILL 6200 AND THEN BREAK ABOVE THIS POINT WOULD TAKE IT TO 6240 LEVELS AND ON THE FLIP SIDE IF NIFTY TRADES BELOW 6160 THEN LIKELY TO COME DOWN TO 6130 AND THEN BREAK BELOW THIS POINT WOULD DRAG IT TO 6102 LEVELS AND BREAK BELOW THIS POINT WOULD TAKE IT TO 6070 LEVELS ANY CLOSE BELOW 6070 ONE CAN REMAIN POSITIONALLY SHORT.

BUY HDFC SL 729 TGT 736/740/744
BUY RANBAXY SL 600 TGT 608/613/619
BUY ALOK TEXTILES SL 27.70 TGT 28.40/28.80/29.50
BUY JSW ENERGY SL 99 TGT 101/102.25/104
BUY BALLARPUR INDS SL 38.7 TGT 39.80/40.30/41.30

POSITIONAL TRADES
BUY REI AGRO CMP 27.20 TGT 35/40