INTRADAY TIPS FOR 28 FEBRUARY 2011

GOOD MORNING!!!

MARKETS OPENED THE DAY ON A POSITIVE NOTE AHEAD OF RAILWAY BUDGET AS THERE WAS GOOD AMOUNT BUYING INTEREST SHOWN BY INVESTORS IN RAILWAY RELATED STOCKS, MARKETS WERE VOLATILE AND SEE-SAWED IN A RANGE OF ABOUT 500 POINTS AS INVESTORS STAYED NERVOUS TO OPEN LONG POSITIONS AT HIGHER LEVELS. THE BOURSES WENT FOR SOME SHORT RALLIES BUT THEY REMAINED SHORT LIVED AS PROFIT BOOKING IN SOME KEY HEAVYWEIGHT STOCKS DRAGGED THE INDICES BACK. THE LATE SHORT COVERING RALLY WHICH CAME AFTER THE BENCHMARKS DRIFTED INTO THE RED FOR A BRIEF PERIOD HELPED THEM TO EVENTUALLY END THE SESSION ON A POSITIVE NOTE AHEAD OF THE UNION BUDGET. THE KEY FACTOR FOR MARKET TO BLEED IN THE MID MORNING TRADE WAS RAILWAY BUDGET BEING NOT SO LUCRATIVE AND FAILED TO GIVE ANY KIND OF A DIRECTION AND MARKETS. MARKETS CLOSED IN POSITIVE AT THE END OF THE TRADING SESSION WITH MODEST GAINS, BREADTH REMAINED POSITIVE AT THE END OF THE TRADE.

TODAY MARKETS WOULD OPEN BE RANGE BOUND AND HIGHLY VOLATILE AND WE MAY SEE VERY SECTOR SPECIFIC MOVES AHEAD OF BUDGET. WE MAY LIKELY TO SEE STOCKS MOVING HAY WAY, THERE WOULD BE STOCK AND SECTOR SPECIFIC MOVES. ONE IS ADVISED TO STAY VERY CAUTIOUS IN THE MARKETS AND BETTER WAY TO TRADE IN THE MARKET WOULD BE BUYING A STRANGLE AND LEAVING AS WE ANYWAY HAVE AROUND 31 DAYS FOR EXPIRY FOR THE SAME AND WE ARE FORESEEING THE MARKETS TO COME DOWN OR MOVE UP BY AROUND 500 POINTS IN NIFTY. IF NIFTY TRADES 5340 LIKELY TO MOVE UP TO 5380 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5420 LEVELS AND ANY TRADE OR CLOSE ABOVE THIS POINT WOULD TURN MARKETS ON TO THE POSITIVE SIDE OF THE WAVE AND WOULD SEE A SOLID MOVE IN NEXT FEW SESSIONS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5300 THEN WOULD COME DOWN TO 5260 LEVELS AND BREAK BELOW THIS POINT WOULD TAKE NIFTY TO 5220 LEVELS AND ANY FURTHER TRADE BELOW THIS POINT WOULD DRAG NIFTY BELOW 5200 AND CLOSE BELOW 5200 WE CAN SEE MUCH MORE DOWNSIDE IN THE COMING FEW SESSIONS. ONE NEEDS TO BE VERY CAUTIOUS ON TWO NUMBERS ON THE CLOSING BASIS IN THE MARKETS ONE IS NIFTY ABOVE 5420 LEVELS AND NIFTY BELOW 5200 LEVELS BOTH ARE VERY DANGEROUS IF IT CLOSES ABOVE 5420 WE MAY SEE NIFTY TO MOVE UP MUCH HIGHER AND IF BELOW 5200 THEN WE SEE NIFTY TO FALL MUCH FURTHER FROM THIS POINT.

LONG STRANGLE

BUY 5100 PE AND 5500 CE AND HOLD IT TILL EXPIRY

ONE CAN LOOK AT STOCKS LIKE RECLTD, IFCI AND IDFC FOR LONG STRANGLE

INTRADAY TIPS FOR 25 FEBRUARY 2011

GOOD MORNING!!!

MARKETS BEGAN THE DAY ON A DULL NOTE AS INVESTORS WERE INCLINED IN PROFIT TAKING IN EARLY TRADE TRACKING DISCOURAGING LEADS FROM THE US MARKETS WHICH CONTINUED THEIR DECLINE FOR A SECOND STRAIGHT DAY. THE DAY WAS BUSY IN POSITION SQUARING WITH THE ABSENCE OF POSITIVE TRIGGERS IN THE MARKETS NOTHING WAS REALLY ENCOURAGING AND DRIFTED TO MULTI MONTH LOW WITH HIGHEST EVER VOLUMES RECORDED IN THE HISTORY OF INDIAN STOCK MARKETS. THE FALL WAS PRIMARILY STARTED WITH INFLATION NUMBERS AND THEN SUDDEN SURGE IN THE CRUDE OIL PRICES AND ADDING FUEL TO THE FIRE WAS THE EXPIRY. THESE SERIES OF EVENTS LED THE DECLINE IN THE MARKETS. MAJORITY OF THE STOCKS WERE BATTERED SO BADLY THAT NONE WAS IDENTIFIABLE THEY WERE ABSOLUTELY SHAPELESS. MARKET BREADTH WAS EXTREMELY NEGATIVE THERE WAS NOTHING ENCOURAGING IN THE MARKETS.

TODAY MARKETS WOULD OPEN FLAT TO POSITIVE ON THE FRESH BARGAIN HUNTING AT THE OPENING DAY OF FRESH SERIES, AS LONG AS NIFTY TRADES ABOVE 5250 IT IS WISE TO KEEP AWAY FROM SHORTS. IF NIFTY TRADES ABOVE 5280 LIKELY TO MOVE UP TO 5318 AND THEN TO 5350 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE IT FURTHER UP TO 5400 LEVELS. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5250 LIKELY TO COME DOWN TO 5210 LEVELS AND BREAK BELOW THIS LEVEL THOUGH MAY HAVE A MINOR SUPPORT AROUND 5200 LEVELS WOULD DRAG DOWN TO 5176 LEVELS AND ANY BREAK BELOW THIS POINT WE CAN SEE NIFTY TO TAKE A PSYCHOLOGICAL SUPPORT AT 5100 LEVELS.

INTRADAY TIPS FOR 24 FEBRUARY 2011

GOOD MORNING!!!

MARKETS BEGAN THE DAY ON A WEAK NOTE AS MOST INVESTORS REMAINED ON THE SIDELINES IN EARLY TRADE TRACKING AMERICAN MARKETS WHICH WITNESSED A HUGE SELL-OFF. MARKETS GYRATED IN A TIGHT RANGE FOR MOST PART OF THE DAY AS MOST TRADERS REMAINED UNCOMFORTABLE TO OPEN FRESH POSITIONS AHEAD OF THE UNION BUDGET DUE ON MONDAY. BUT THE LAST HOURS OF TRADE SAW THE FRONTLINE INDICES BEING DRAGGED TO LOWER THAN LEVELS ON PROFIT BOOKING. THROUGHOUT THE DAY THE MARKETS REMAINED IN THE SIDE LINES AND EVEN THE BREADTH OF THE MARKETS REMAINED FLAT BUT BY THE END OF TRADE, BOURSES CAUGHT UP WITH THE WEAKNESS THAT WAS PREVAILING ACROSS THE GLOBE WITH EUROPEAN MARKETS STRUGGLING TO FIND A BOTTOM AS ONGOING CIVIL UPHEAVAL IN MIDDLE EAST AND A BIG JUMP IN OIL PRICES DUE TO IT, WEIGHED ON THE INVESTORS' MINDS AND WEAKNESS CROPPED IN AND CLOSED THE DAY ON A WEAK NOTE.

TODAY MARKETS WOULD OPEN NEGATIVE AND WOULD REMAIN IN RANGE BOUND AND NIFTY WOULD TRADE ON A HIGH VOLATILITY. IF NIFTY TRADES BELOW 5425 THEN LIKELY TO COME DOWN TO 5400 AND BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5385 AND CLOSE BELOW THIS LEVEL WOULD DRAG NIFTY IN DAYS AHEAD. ON THE POSITIVE SIDE IF NIFTY TRADE ABOVE 5442 THEN WOULD TAKE IT TO 5465 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5497 LEVELS ANY TRADE ABOVE THIS POINT WOULD TAKE NIFTY FURTHER UPSIDE TO 5521 LEVELS. TODAY ONE SHOULD BE VERY CAUTIOUS IF NIFTY BREACHES BELOW 5400 LEVELS AND TRADES, ONE CAN TAKE A BUY POSITION KEEPING 5400 AS STOPLOSS FOR THE ENTIRE DAY, WE MAY LIKELY TO SEE SOME SHORT COVERING DURING THE DAY WHERE NIFTY WOULD MOVE SLIGHTLY UPSIDE. ONE HAS TO REMEMBER WE MAY CONTINUE TO SEE HIGH PREMIUMS IN THE OPTIONS TILL BUDGET SESSION (MONDAY) BUT POST BUDGET SESSION DON’T THINK THE PREMIUM WOULD REMAIN HIGH SO ONE CAN EVEN THINK OF TAKING SHORT STRANGLE IN NIFTY FOR THE MONTH OF MARCH FOR SOME DECENT PROFITS.

INTRADAY TIPS FOR 23 FEBRUARY 2011

GOOD MORNING!!!

INDICES BEGAN THE DAY ON A SOMBER NOTE AS NEGATIVE NEWS FLOWS FROM THE ARAB WORLD SPOOKED SENTIMENTS NOT ONLY LOCALLY BUT THROUGHOUT THE ASIA AS WELL. THE BOURSES HAD TO DEAL WITH GEOPOLITICAL RISKS THROUGHOUT THE DAY PROTESTS IN LIBYA AGAINST THE COUNTRY'S LEADER OF 41 YEARS, MUAMMAR GADDAFI INTENSIFIED, WITH SEVERAL CASUALTIES BEING REPORTED IN THE NATION. THE INDEX GYRATED BELOW THE NEUTRAL LINE IN A NARROW BAND THROUGH THE FIRST HALF IN THE ABSENCE OF ANY OPTIMISTIC MARKET TRIGGERS. BUT THE SECOND HALF SAW THE FRONTLINE INDICES BEING DRAGGED TO LOWER THAN COMFORTABLE LEVELS AS INVESTORS SQUARED OF POSITIONS IN AUTO SHARES ON SPECULATIONS OF A HIKE IN EXCISE DUTY IN THE BUDGET 2011 WHICH IS SCHEDULED TO BE ANNOUNCED THREE WORKING DAYS LATER. MARKETS ARE EXTREMELY FRAGILE AND DISCOURAGING GLOBAL SETUP AND SETTLED THE DAY WITH MODERATE LOSSES GIVEN THE FACT THAT MAJOR ASIAN STOCK MARKETS INCLUDING CHINA AND JAPAN GOT BUTCHERED AROUND TWO PERCENTAGE POINTS. OIL PRICES SEEMED TO CONTROL THE MARKET MOVEMENT IN TRADE AS WITH EVERY SPIKE IN THE GLOBAL PRICES OF CRUDE FOLLOWING ESCALATING CIVIL UPHEAVAL IN LIBYA AND BAHRAIN, THE NERVOUSNESS AMONG TRADERS TRANSLATED INTO POSITION SQUARING. INDIAN CRUDE OIL BASKET HAS SPURTED BEYOND THE PSYCHOLOGICAL $100 PER BARREL LEVEL AS PROTESTS IN LIBYA, ONE OF THE 10 RICHEST OIL PRODUCING COUNTRIES, ESCALATED WHILE SUPPLY SIDE PRESSURES THREATENED TO BECOME MORE ACUTE. THANKS TO MUKESH AMBANI FOR THE DEAL WITH BP WHICH REINFORCED THE INDEX HEAVYWEIGHT BY AROUND 3% AND THEREBY CAPPING THE DOWNSIDE RISKS FOR THE INDEX.

TODAY NIFTY WOULD OPEN NEGATIVE TRACKING WEAK CLOSING OF US MARKETS AND EUROPEAN MARKETS ALONG WITH WEAK OPENING OF ASIAN INDICES. TODAY IF NIFTY TRADES BELOW 5464 LIKELY TO COME DOWN TO 5440 AND THEN TO 5420 LEVELS ANY BREAK BELOW THIS POINT WOULD TAKE NIFTY TO 5400 LEVELS WHICH IS A PSYCHOLOGICAL SUPPORT FOR THE NIFTY BUT BREAK BELOW THIS LEVEL WOULD TAKE SUPPORT AROUND 5385 WHICH IS CONSIDERED TO BE NEAR TERM SUPPORT WHERE NIFTY MAY NOT BREAK BELOW THIS POINT IN THIS SETTLEMENT BUT IF IT HAPPENS TO BREAK THEN WE CAN SEE NIFTY TO COME DOWN MUCH MORE IN THIS TWO DAYS OF TRADE. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5478 THEN LIKELY TO MOVE UP TO 5500 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5544 LEVELS, ANY CLOSE ABOVE 5500 WOULD TAKE NIFTY TO CLOSE ABOVE 5500 LEVELS IN THE SETTLEMENT.

INTRADAY TIPS FOR 22 FEBRUARY 2011

GOOD MORNING!!!

INDICES THOUGH OPENED FLAT TO NEGATIVE THERE WAS ALL OF A SUDDEN BUYING SEEN ACROSS THE BOARD BUT THERE WERE NO SIGNS OF CONVICTION IN THE TRADE. THE INDEX GYRATED AROUND THE NEUTRAL LINE IN A NARROW BAND THROUGH THE FIRST HALF IN THE ABSENCE OF ANY OPTIMISTIC MARKET TRIGGERS. BUT BUDGET-RELATED POSITIVE NEWS FLOW AND SOFTENING INFLATION EASED INVESTORS' APPREHENSIONS AS THE INDIECES SAW A BOUNCE BACK POST-NOON. SANGUINE SENTIMENTS IN THE DYING HOURS HELPED THE LOCAL BOURSES PULL THROUGH A SCINTILLATING INTRADAY U-TURN AND SETTLE AROUND THE HIGH POINT OF THE DAY. THE INDICES EVENTUALLY WENT HOME WITH OVER A PERCENT GAIN ON THE INITIAL DAY OF F&O EXPIRY WEEK AND FOUR WORKING DAYS AHEAD OF THE BUDGET 2011.

TODAY NIFTY WOULD OPEN NEGATIVE TRACKING WEAK GLOBAL EUROPEAN MARKETS AND ASIAN INDICES. THOUGH NIFTY LOOKED POSITIVE AT THE LAST DAYS TRADE AND CLOSING, THERE IS LOT OF NEGATIVE SIGNS UNDERNEATH THE MARKETS WHICH ARE STILL LEFT UNATTENDED BY THE BULLS, WHERE ONE NEEDS TO BE VERY CAREFUL ON THE POSITIVE FRONT OF NIFTY. IF NIFTY TRADES BELOW 5512 THEN LIKELY TO COME DOWN TO 5484 AND THEN BREAK BELOW THAT WOULD TAKE IT TO 5450 AND ANY BREAK BELOW THIS POINT IS AGAIN VERY CRUCIAL WOULD NOT LET NIFTY TO REVERSE AS IT DID IN THE LAST DAY WOULD DRAG NIFTY TO FURTHER DOWNSIDE. IF NIFTY HAPPENS TO CLOSE BELOW 5400 THEN ONE CAN SEE NIFTY TO BREACH PREVIOUS LOWS I.E., 5200 AS WELL AND GO DOWN FURTHER MORE. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5541 THEN LIKELY TO MOVE UP TO 5560 AND THEN TO 5580 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5600 LEVELS ONE NEEDS TO BE VERY CAREFUL AT 5580 LEVELS IF IT DOESN’T SUSTAIN MAY DRAG NIFTY DOWN AND IF IT BREACHES THEN MAY GO UP TO 5600 LEVELS BUT ANY UPSIDE IN NIFTY THERE IS EVERY POSSIBILITY THAT NIFTY WOULD COME DOWN ALL OF A SUDDEN. ONE NEEDS TO KEEP IN MIND THAT ANY INCLINE FROM THIS POINT IS CONSIDERED TO BE A SELLING POINT THAN A BUYING POINT.

BUY MOTHERSON SUMI ABOVE 193.75 SL 191 TGT 198/200/203
BUY TIME TECHNOPLAST ABOVE 56.40 SL 55.85 TGT 58/59/60

INTRADAY TIPS FOR 21 FEBRUARY 2011

Good morning!!!

Due to technical issue Blog will be updated only after 10.30 a.m for today

INTRADAY TIPS FOR 18 FEBRUARY 2011

GOOD MORNING!!!

MARKETS GOT OFF TO A WOBBLING START TRACKING MIXED CUES FROM THE ASIAN MARKETS, FRONTLINE INDICES SEE-SAWED AROUND THE NEUTRAL LINE IN A VERY TIGHT BAND IN THE INITIAL HOURS AS INVESTORS REMAINED A BIT CAUTIOUS, HOWEVER SOME GOOD BUYING ON SOME STOCK SPECIFIC COUNTERS WHICH GOT TRIGGERED ON THE BACK OF THE DROP IN FOOD INFLATION NUMBERS TO A TWO-MONTH LOW LEVEL HAS IGNITED THE MARKETS TO INCLINE TO HIGHER LEVELS SURPASSING THE RECENT HIGHS OF THE MARKETS, THEREAFTER AS INVESTORS GRADUALLY STARTED BUILDING UP POSITIONS WHICH HELPED THE BENCHMARKS TO SNAP AROUND HIGH POINT OF THE DAY TO EVENTUALLY SETTLE IN THE GREEN FOR FIVE STRAIGHT SESSIONS.

TODAY MARKETS WOULD OPEN FLAT TO POSITIVE, IF NIFTY TRADES ABOVE 5550 THEN LIKELY TO MOVE UP TO 5576 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5597 AND ANY CLOSE ABOVE 5567 IS AGAIN POSITIVE FOR THE MARKETS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5538 THEN LIKELY TO COME DOWN TO 5491 LEVELS AND BREAK BELOW THIS POINT WOULD SEE FURTHER DOWNSIDE IN NIFTY TO 5457 LEVELS AND ANY CLOSE BELOW 5450 IS CONSIDERED TO BE WEAK IN COMING DAYS. NIFTY MAY TRADE POSITIVE IF ASIAN MARKETS SUPPORT AND MAY RALLY IN THE FIRST HALF AND MAY START GIVING AWAY THE GAINS IN THE SECOND HALF ONE IS ADVISED TO STAY CAUTIOUS ON THE LONGS SINCE THERE IS EVERY POSSIBILITY THAT MARKETS MAY SUDDENLY CHANGE THE DIRECTION AND SINCE THE WEEK AHEAD IS OF EXPIRY WE MAY SEE A VERY VOLATILE SESSION GOING FORWARD.

17 FEBRUARY 2011

GOOD MORNING!!!

MARKETS BEGAN ON A VERY CAUTIOUS NOTE TRACKING SLUGGISH CUES FROM THE ASIAN PEERS BACKED BY WEAK SIGNS FROM OVERNIGHT US MARKETS, WHICH CLOSED LOWER ON WORSE THAN EXPECTED RETAIL SALES REPORT THAT ONCE AGAIN RAISED THE CONCERN OF SLOW ECONOMIC RECOVERY. MARKETS TRADED ON A VERY TIGHT BAND THROUGH THE DAY’S TRADE MARKETS SEEMS LIKE THEY ARE IN A PHASE OF CONSOLIDATION MODE AFTER THE THREE DAYS OF PULLBACK RALLY. FRONTEND STOCKS HAVE MOVED UP TO RECORD INTRADAY HIGHS IN THE LATE HOURS BUT COULDN’T MANAGE TO HOLD ITS GAINS UNTIL THE CLOSE OF THE MARKETS AND DRIFTED TO SETTLE WITH PARTIAL GAINS BUT MANAGED TO EXTEND THE WINNING STREAK FOR THE STRAIGHT FOURTH CONSECUTIVE DAY. WITH THE EARNINGS SEASON ALMOST COMING TO AN END, THE BOURSES ARE NOW EXPECTED TO TURN THEIR FOCUS ON THE UNION BUDGET WHICH IS EXPECTED IN LESS THAN A FORTNIGHT; HOWEVER PEOPLE AT LARGE REMAIN APPREHENSIVE THAT THE BUDGET MAY NOT BE A MARKET MOVING EVENT. ALL IN ALL MARKETS WERE FLAT AT THE END.

TODAY MARKETS WOULD BE RANGE BOUND IF NIFTY TRADES ABOVE 5510 THEN LIKELY TO MOVE UP TO 5540 AND THEN TO 5560 LEVELS AND MAY FACE TOUGH RESISTANCE AROUND THESE LEVELS IN THE NIFTY AND MARKETS LIKELY TO TAKE A U-TURN FROM THESE LEVELS. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5470 THEN LIKELY TO COME DOWN TO 5450 AND THEN TO 5400 ANY BREAK BELOW 5400 WOULD TAKE NIFTY TO ALMOST PREVIOUS LOWS I.E., 5200 LEVELS IN A VERY SHORT TIME. STAY CAUTIOUS IN THE MARKETS AS WE MAY SEE GREAT VOLATILITY GOING FORWARD. AT THE OPENING ONE CAN SHORT NIFTY WITH A STOPLOSS OF 5511 AS NIFTY WOULDN’T MOVE UP AS LONG AS NIFTY TRADES ABOVE 5511. STRENGTH ON THE POSITIVE SIDE OF THE MARKETS HAVE REDUCED TO A LOT OF EFFECT SO ONE IS ADVISED TO STAY CAUTIOUS ON THE LONGS.

INTRADAY TIPS FOR 16 FEBRUARY 2011

GOOD MORNING!!!

INDICES THOUGH STARTED THE TRADE ON A VERY CAUTIOUS NOTE TRACKING GLOBAL CUES WITH THE ASIAN MARKETS EXHIBITING MIXED TREND. HOWEVER THE INDICES FAILED TO CAPITALIZE ON THE INITIAL MOMENTUM IN THE MORNING SESSION AS THE FRONTLINE INDICES COULD NOT SUSTAIN THE HIGH LEVELS AND SUCCUMBED TO PROFIT BOOKING SOON AFTER THE MARKETS OPENED BUT HEFTY SHORT COVERING IN THE AFTERNOON SESSION UNDERPINNED SENTIMENTS WHICH LED THE INDICES TO BOUNCE BACK INTO THE GREEN ZONE FROM THE LOW POINT OF THE DAY. SUSTAINED BUYING ACROSS THE BOARD HELPED THE INDICES CLIMB ABOVE PSYCHOLOGICAL RESISTANCE LEVELS TO EVENTUALLY MAKING IT A POSITIVE CLOSE ON THE STRAIGHT THIRD DAY OF THE MARKET. THE BREADTH OF THE MARKET WAS POSITIVE IT TURNED OUT TO BE A VOLATILE DAY OF TRADE AS THE INDICES REBOUNDED AFTER DRIFTING TO LOWER LEVELS IN THE MORNING SESSION AS SUSTAINED POSITION BUILD UP WAS WITNESSED ACROSS THE BOARD. THE OIL & GAS WAS THE BIGGEST GAINER; THE RATE SENSITIVE BANKEX POCKET TOO SOARED AFTER WITNESSING HEFTY BUYING IN TOP BANKING SHARES. ADAG PACK HAS COMPLETELY OUT PERFORMED THE MARKETS.

TODAY MARKETS WOULD BE RANGE BOUND. IF NIFTY TRADES ABOVE 5480 THEN LIKELY TO MOVE UP TO 5500 AND THEN TO 5535 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5560 LEVELS WHERE NIFTY WOULD FACE TOUGH RESISTANCE WOULD LIKELY TO COME DOWN FROM THERE ON. ONE IS ADVISED TO STAY OUT OF NIFTY IF TRADES BELOW 5520 AFTER BREAK ABOVE 5535 AND IF NIFTY TRADES BELOW 5440 BEFORE BREACHING 5500 THEN ONE IS ADVISED TO STAY SHORT BELOW 5440 LEVELS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5440 THEN ONE CAN SEE NIFTY TO MOVE DOWN TO 5400 AND THEN 5356 LEVELS. ONE IS ADVISED TO STAY CAUTIOUS THOUGH ALL STOCKS ARE MOVING POSITIVE SINCE THE STRENGTH OF THE MARKET IS NOT CLEARLY VISIBLE IN ALL THE STOCKS WE HAVE SEEN RECOVERY IN ONLY FEW HEAVY WEIGHT WHICH HAS PUSHED THE MAREKTS TO A DECENT LEVEL FROM THE RECENT FALL BUT IF ONE LOOKS AT THE MARKETS ON A BROADER PERSPECTIVE WE HAVE SEEN NOTHING MUCH HAS HAPPENED IN THE MARKET ON THE POSITIVE FRONT. IF YOU LOOK AT PORTFOLIOS OF THE INVESTORS, ALMOST MAJORITY OF THE PORTFOLIOS HAVE LOST ABOUT 25% TO 30% THOUGH IF YOU SEE THERE’S ONLY 10% DECLINE IN THE INDEX. THERE IS NO CONVICTION IN THE MARKETS, TILL THEN STAY CAUTIOUS. ANOTHER POINT OF CONCERN IS WORRYING FIGURES OF FIIS CONSTANTLY THEY ARE DRIVING THEMSELVES OUT OF THE INDIAN MARKETS WHICH IS ONE OF THE MOST NEGATIVE POINT FOR OUR MARKETS.

INTRADAY TIPS FOR 15 FEBRUARY 2011

GOOD MORNING!!!

CUPID STRUCK TO THE STOCK MARKETS ALL OVER THE WORLD AND INDICES CONTINUED ITS PULLBACK RALLY, INITIALLY STARTED WITH GAP-UP TRACKING THE STRONG ASIAN MARKETS, WHICH WERE IN RALLY MOOD SINCE BEGINNING AND CLOSED IN GREEN NOT ONLY THE ASIAN BUT ALSO THE ENTIRE WORLD EQUITY INDICES SURGED ON HOPES THAT GLOBAL ECONOMIC RECOVERY WILL STRENGTHEN AS OIL PRICES RETREATED AFTER THE POLITICAL TENSIONS SUBSIDE WITH THE RESIGNATION OF EGYPTIAN PRESIDENT HOSNI MUBARAK. WITH THE CHINESE SHANGHAI COMPOSITE SHOOTING UP WITH THE NEWS THAT CHINA’S $5.88 TRILLION GDP SURPASSED JAPAN’S $5.47 TRILLION IN 2010, THEY WENT CRAZY AND CLOSED OVER 2.5% WHICH HAS IGNITED AND INFLUENCED MAJORITY OF THE ASIAN INDICES NOT ONLY THE EXTERNAL NEWS BUT ALSO THE INTERNAL NEWS OF THE IMPRESSIVE RESULTS, ESPECIALLY FROM TATA MOTORS AND MAHINDRA SATYAM, TOO CONTRIBUTED TO THE BUOYANT MOOD OF THE MARKETS IN THE MID MORNING SESSION. INDICIES GAINED FROM STRENGTH TO STRENGTH AND RE-CONQUERED CRUCIAL LEVELS TO EVENTUALLY SETTLE AROUND THE HIGH POINT OF THE DAY. THE MARKET BREADTH OF THE MARKET WAS EXTREMELY OPTIMISTIC AND CLOSED ABOVE THE PSYCHOLOGICAL LEVELS.

TODAY MARKETS WOULD BE FLAT AND RANGE BOUND, IF NIFTY TRADES ABOVE 5460 THEN LIKELY TO MAKE AN UPMOVE TO 5498 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5547 LEVELS ONE IS ADVISED TO STAY CAUTIOUS AFTER NIFTY REACHES 5547 AND AVOID POSITIONALLY AFTER NIFTY REACHES 5547 AS MARKETS LIEKLY TO SEE SOME DOWNSIDE ANYWHERE AFTER REACHING 5547 AND WOULD TAKE A U-TURN FROM THERE ON, ONE IS ADVISED TO STAY VERY CAUTIOUS IN THE MARKETS AFTER IT ATTAINS 5547 LEVELS. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5440 THEN LIKELY TO COME DOWN TO 5408 LEVELS AND ANY BREAK BELOW 5400 LEVEL WOULD TAKE NIFTY TO 5366 LEVELS ONE IS ADVISED TO BE ON THE POSITIVE SIDE FOR ANOTHER 90 POINTS IN NIFTY THERE AFTER WE MAY HEAD TOWARDS SOUTH AND BREACH PREVIOUS LOWS TOO.

INTRADAY TIPS FOR 14 FEBRUARY 2011

GOOD MORNING!!!

INDICES COMMENCED ON A CAUTIOUS NOTE TRACKING THE MIXED CUES FROM THE ASIAN MARKETS AND INVESTORS ALSO REMAINED APPREHENSIVE OWING TO THE RENEWED UNCERTAINTIES IN EGYPT AFTER PRESIDENT HOSNI MUBARAK SAID HE WOULD TRANSFER THE REINS OF POWER TO HIS VICE PRESIDENT, BUT WOULD NOT STEP DOWN BEFORE ELECTIONS IN SEPTEMBER. SENTIMENTS STAYED WEAK THROUGH THE LATE MORNING AND EARLY AFTERNOON SESSION AS THE WEAKER THAN EXPECTED DECEMBER IIP DATA WEIGHED. HOWEVER, THERE APPEARED SOME RESURGENCE IN THE MARKETS AFTER PLANNING COMMISSION DEPUTY CHAIRMAN, MONTEK SINGH OPINED THAT VOLATILE IIP IS NOT A FITTING INDICATOR OF OVERALL GDP AND ALSO AFFIRMED THAT THE ECONOMIC GROWTH IS ON TRACK AND WILL SURELY ACHIEVE THE FORECASTED TARGET OF 8.5% GROWTH FOR THE FISCAL YEAR 2011. INDICES SLOWLY AND STEADILY SURGED THEREAFTER AS BANKING AND FINANCIAL STOCKS SOARED. THE MARKETS EVENTUALLY SETTLED AROUND THE HIGH POINT OF THE DAY AND WENT HOME WITH STRONG GAINS. THE MARKET BREADTH WAS POSITIVE AS THERE WAS HEFTY BOTTOM FISHING IN THE SECOND HALF OF TRADE UNDERPINNED THE INDICES. GOOD BUYING INTERESTS WERE WITNESSED IN MAJORITY OF BEATEN DOWN HEAVYWEIGHTS STOCKS.

TODAY MARKETS WILL HAVE A POSITIVE MOMENTUM OF FRIDAY AND CONTINUE TO RALLY FURTHER ON BARGAIN HUNTING. MAJORITY OF THE SHARES WOULD TURN ON A POSITIVE NOTE IF MARKETS CLOSE ON A POSITIVE NOTE. IF NIFTY TRADES ABOVE 5330 THEN LIKELY TO MOVE UP TO 5364 AND BREAK ABOVE THIS POINT WOULD TAKE IT FURTHER TO 5400 AND ANY TRADE ABOVE 5400 WOULD TAKE NIFTY 5500 LEVEL IN A VERY SHORT WHILE, ANY CLOSE ABOVE 5350 WOULD TAKE NIFTY TO 5500 LEVELS IN THE VERY NEAR TERM. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5300 LEVELS WE CAN SEE IT TO SLIDE DOWN TO 5266 AND THEN TO 5230 LEVELS AND ANY CLOSE BELOW 5300 WOULD AGAIN BE CONSIDERED AS NEGATIVE AND ONE CAN TAKE A SHORT POSITION POSITIONALLY AS WELL AND ANY CLOSE ABOVE 5350 ONE CAN TAKE A LONG POSITION ON POSITIONAL BASIS.

BUY HDFC SL 618 TGT 630/636/643
BUY CMAHENDRA SL 177 TGT 183/188/194

INTRADAY TIPS FOR 11 FEBRUARY 2011

GOOD MORNING!!!

INDICES COMMENCED THE DAY ON A POSITIVE NOTE SHRUGGING WEAK CUES FROM THE ASIAN MARKETS WHICH MOSTLY TRADED IN THE RED ZONE IN THE MORNING. HOWEVER THE BOURSES ONCE AGAIN FAILED TO CAPITALIZE ON THE INITIAL IMPETUS AND DRIFTED INTO THE RED. THE BENCHMARKS MADE A DESPERATE ATTEMPT TO CLIMB BACK INTO THE GREEN IN LATE MORNING SESSION BUT REMAINED UNSUCCESSFUL AS SELLING GATHERED GREATER FORCE. EVEN AFTER FOOD INFLATION IN THE COUNTRY EASED SHARPLY IN THE WEEK-ENDED JANUARY 29, FINALLY GIVING SOME SLIM HOPES THAT A BUMPER KHARIF HARVEST AND STRONG OUTLOOK FOR THE RABI CROP AS WELL AS TIGHTENING BY THE MONETARY AUTHORITY WILL HELP BRING DOWN THE SURGING PACE OF RISING PRICES IN THE COUNTRY THIS COULDN’T REALLY HELP MARKETS TO ELEVATE THOUGH THE MARKETS HAVE TRIED MANY A TIMES TO REGAIN THE MOMENTUM BACK BUT THE FRONTLINE INDICES EVENTUALLY WENT HOME WITH MODERATE CUTS WHICH WAS FAR MORE ACCEPTABLE THAN THE RECENT NASTY LACERATIONS. WE HAVE SEEN HIGH VOLATALITY IN THE MARKETS THOUGH THE VOLUMES WERE COMPARITIVELY LOWER THAN PREVIOUS DAYS VOLUMES. THE MARKET BREADTH WAS NEGATIVE

TODAY MARKETS LOOK FLAT TO POSITIVE AND MARKETS LIKELY TO CONSOLIDATE AT THE CURRENT LEVELS IF AND ONLY IF IT SUSTAINS 5200 LEVELS ON THE FUTURES. CONSIDERING BROAD PICTURE OF THE MAREKTS AND CONSIDERING THE HEAVY VOLATALITY ONE IS ADVISED TO STAY LONG AT THE CURRENT LEVELS AS LONG AS NIFTY IS ABOVE 5190 LEVELS AND IF NIFTY CLOSES BELOW 5190 LEVELS THEN WE CAN SEE NIFTY TO COME DOWN MUCH MORE THAN WHAT IS ANTICIPATED IN THE MAREKTS.
AND IF ONE IS LOOKING ONLY ON AN INTRADAY FRONT WHO DOESN’T HAVE THE ABILITY TO BOOK LITTLE BIG LOSS THEN ONE IS ADVISED TO TRADE ON THE FOLLOWING LINES, IF NIFTY TRADES ABOVE 5235 THEN LIKELY TO MAKE AN UPMOVE TO 5254 LEVELS AND THEN TO 5280 AND BREAK ABOVE THIS LEVEL WOULD SEE NIFTY TO 5300 LEVELS . ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5210 WE CAN SEE NIFTY TO SLIDE DOWN TO 5190 LEVELS AND THEN TO 5160 LEVELS ANY CLOSE BELOW 5190 WE CAN SEE NIFTY TO SLIDE DOWN MUCH MORE IN THE DAYS TO COME.

INTRADAY TIPS FOR 10 FEBRUARY 2011

GOOD MORNING!!!

DALAL STREET WAS MORE OF A HALAL STREET IN THE TRADE WHERE NO TRADER HAS ANY CLUE OF WHAT IS HAPPENING MARKETS STOCKS WERE BATTERED TO DEATH ADAG STOCKS WERE THE BIGGEST CULPRITS ON TRADE. BEARS WERE COMPLETELY ON TOP OF THE WORLD FOR THE LAST FEW SESSIONS WHO MADE A GRAND PARTY ON THE LAST DAY. MARKETS BEGAN THE DAY ON A QUIET NOTE TRACKING WEAK ASIAN COUNTERPARTS WHICH OVERLOOKED THE OVERNIGHT STRENGTH ON THE WALL STREET THAT EXTENDED ITS WINNING STREAK FOR THE SEVENTH STRAIGHT DAY AS STRONG EARNINGS REPORT UNDERPINNED SENTIMENTS. HOWEVER AFTER THE NEGATIVE OPENING, MARKETS CLIMBED INTO THE GREEN DURING MORNING TRADES AS BUYING GATHERED SOME MOMENTUM WHICH SHORT LIVED THOUGH FRONTLINE INDICES GYRATED AROUND THE NEUTRAL LINE FOR MOST PART OF THE DAY BUT THE LATE SELL-OFF IN THE ADAG PACK SPOOKED SENTIMENTS WHICH LED TO INTENSE POSITION SQUARING. SELL OFF IN THE INDICES STARTED SOON AFTER ANIL AMBANI REPORTEDLY MET TELECOM MINISTER KAPIL SIBAL IN BACKDROP OF LINGERING 2G INVESTIGATION AND REPORTS THAT ICAI HAS ASKED RELIANCE INFRA ABOUT SOME AUDIT MALPRACTICES ALSO LED TO HEAVY DECLINE IN THE STOCK PRICES OF THE COMPANIES OF ADAG GROUP. OTHER DRAGGER IN THE MARKETS IS THE NEWS THAT TRAI THE INDIAN TELECOM REGULATOR HAS RECOMMENDED A SHARP HIKE OF PAN INDIA LICENSE WITH 6.2 MHZ SPECTRUM, A PROPOSAL THAT WEIGHED ON ALL THE TELECOM SHARES ALONG WITH THE FEARS THAT THE RBI MAY GO FOR FURTHER TIGHTENING TO TAME INFLATION REMAINED ANOTHER REASON BEHIND THE ONSLAUGHT ACROSS THE BOARD IN THE LOCAL MARKETS. THE BREADTH OF THE MARKET WAS DREADFULLY NEGATIVE. WITH THE TREMENDOUS SELLING PRESSURE MIDCAP AND SMALLCAP INDICES FELL SHARPLY BY 3.64% AND 4.30% RESPECTIVELY. THE POWER COUNTER SHAVED OF 4.23% WITH MAJORS LIKE RELIANCE INFRA SINKING 18.79% FOLLOWED BY LANCO INFRA THAT PLUNGED 14.42%. THE METALS PACK TOO WITNESSED RUTHLESS POSITION SQUARING AS IT PLUMMETED 3.87% AS MAJOR LIKE HINDALCO AND SESA GOA SHRINKING 6.17% AND 6.46% RESPECTIVELY. INFRASTRUCTURE MAJOR JAIPRAKASH ASSOCIATES WILTED OVER 10% IN THE DAY’S TRADE BEING THE THIRD TOP LOSER AFTER R INFRA AND R COM WHICH SHAVED OFF 18.79% AND 14.32% RESPECTIVELY. WHILE THERE WERE ONLY A HANDFUL OF STOCKS ON THE GAINERS CHART INCLUDING HEAVYWEIGHT LIKE M&M, HDFC AND DLF.

TODAY MARKETS WOULD OPEN WEAK ON WEAK GLOBAL CUES AND AND WEAK ASIAN COUNTER PARTS. WITH THE MIXED TREND IN US STOCKS AND ASIAN STOCKS WE MAY CONTINUE TO FEEL THE PRESSURE OF WEAKNESS IN THE MARKETS TODAY IF NIFTY TRADES BELOW 5250 THEN LIKELY TO COME DOWN TO 5222 AND BREAK BELOW THIS LEVELS WOULD TAKE NIFTY DOWN TO 5186 LEVELS AND THEN TO 5150 LEVELS AS LONG AS NIFTY HOLDS 5200 LEVELS WE MAY EXPECT SOME BOUNCE BACK IN THE MARKETS BUT ONCE IT BREACHES THIS LEVEL THERE IS EVERY POSSIBILITY THAT WE MAY HEAD DOWN FURTHER. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5270 LEVELS THEN LIKELY TO MOVE UP TO 5300 LEVELS AND BREAK ABOVE THIS WOULD TAKE NIFTY TO 5345 LEVELS. IF NIFTY TRADES ABOVE YESTERDAYS LOW FOR ANOTHER COUPLE OF DAYS WE MAY SEE A BOUNCE BACK TO 5450 LEVELS AND THEN TO 5550 LEVELS. ON A BROAD SENSE AS LONG AS NIFTY TRADES BELOW 5400 LEVELS ONE IS ADVISED TO BE SHORT IN THE MARKETS.

SCAMS AND RUMOURS HAVE BECOME THE KEY PLAYERS IN THE MARKETS.

INTRADAY TIPS FOR 09 FEBRUARY 2011

GOOD MORNING!!!

IT WAS A BRUTAL ASSAULT FOR THE MARKETS DAY BY DAY IT SEEMS AS IF MARKETS ARE BEING GANG RAPED BY FII’S, DII’S, POLITICIANS, RBI, RETAILERS, INFLATION, AND WHAT NOT CORNERING EACH AND EVERY INVESTORS FOR THE INVESTMENTS THEY MADE. TILL DECEMBER END MAJORITY OF THE FIIS WERE ON LEAVE FOR THE VACATION NOW EVERY PROMOTERS AND INVESTORS ARE MADE TO MOVE ON A VACATION TO FORGET THIS NIGHTMARE FOR THE INVESTMENT THEY MADE. MARKETS AS USUAL FOLLOWED THE TREND OF THE LAST FEW DAYS STARTING ON A FLAT NOTE ON THE BACK OF STRONG CUES FROM THE OVERNIGHT US MARKETS WHICH GOT A LIFT FROM GOOD EARNINGS REPORT AND SOME MERGER ANNOUNCEMENTS. HOWEVER THE INDICES PLUNGED INTO THE RED AFTER TRADING IN THE POSITIVE TERRAIN FOR A VERY BRIEF PERIOD IN THE EARLY TRADE AS SELLING PRESSURE GATHERED GREATER MOMENTUM MARKETS FAILED TO SHOW ANY KIND OF RESILIENCE THEREAFTER AND PAVED WAY FOR ITS JOURNEY TOWARDS SOUTH. WE HAVE WITNESSED HEAVY UNWINDING OF OPEN LONGS IN THE MOST PART OF THE DAY AFTER FIIS CONTINUED TO BOOK PROFIT ACROSS THE TABLE DRAGGING THE MARKETS TO LOWER LOWS, WITH PRESSURE FROM RETAILERS MARKETS AND FIIS MARKETS COMPLETELY LOST ITS GROUND BREACHING THE CRUCIAL SUPPORT LEVELS AND HAS COME TO THE LEVELS OF JULY 2010 FOR THE FIRST TIME. THE MARKET BREADTH WAS DREADFULLY NEGATIVE WITH CONSUMER DURABLES, REAL ESTATE, AUTO AND BANKS PLUNGED TO THE MAXIMUM POSSIBLE LEVELS.

WITH CHINESE CENTRAL BANK HIKING THE INTEREST RATES WE MAY SEE CHINESE MARKETS TO PLUNGE DOWN IN THE OPENING AND MAY HAVE EQUAL PRESSURE ON ALL THE ASIAN COUNTER PARTS AND WITH THE CONTINUING SELLING PRESSURE THESE WOULD ADD FUEL TO THE FIRE IN THE INDIAN MARKETS WE MAY WITNESS SOME MORE SELLING PRESSURE TO CROP-IN IN THE MARKETS. TODAY IF NIFTY TRADES BELOW 5300 WE MAY DIRECTLY HEAD DOWN TOWARDS 5200 LEVELS THERE IS NO DOUBT IN THAT, THAT WE MAY HAVE ANY PAUSE IN THE MARKETS BUT IF NIFTY DOESN’T HOLD 5200 LEVELS WE MAY SEE SOME SELLING TO CROP IN THEREBY TAKING NIFTY TO BELOW 5000 LEVELS. THOUGH WE MAY HAVE SOME PAUSE ON THE PSYCHOLOGICAL FRONT AFTER BREACHING 5300 ON THE BROADER FRONT WE MAY SEE NIFTY TO 5200 LEVELS. IF NIFTY BREAKS AND TRADES BELOW 5300 THEN WE WOULD SEE NIFTY AT 5260 LEVELS AND THEN TO 5220 LEVELS AND BREAK BELOW THAT WE MAY SEE NIFTY AT 5200 LEVELS AND ANY CLOSE BELOW THIS WOULD WITNESS SHORT BUILDUP AND POSITION SQUARE OFF IN THE MARKETS. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5340 LEVELS WE MAY SEE IT TO GO UP TO 5360 LEVELS AND BREAK ABOVE THAT WE HAVE POSSIBILITY TO SEE NIFTY AT 5390 LEVELS AND AS LONG AS NIFTY CLOSES ABOVE 5500 LEVELS ONE CAN STAY ON THE SHORT.

INTRADAY TIPS FOR 08 FEBRUARY 2011

GOOD MORNING!!!

INDICES MADE A VERY CAUTIOUS MOVE ON THE START OF THE MARKETS DESPITE POSITIVE CLOSE OF US MARKETS OVERNIGHT, AS INVESTORS PREFERRED STAYING ON THE SIDELINES AS THEY LACKED CONVICTION FOR THE STRENGTH OF THE MARKET AFTER THE MASSIVE LOSS ON FRIDAY ON WORRIES OVER SURGING INFLATION AND INTEREST RATES IN THE COUNTRY. HIGHER THAN ESTIMATES OF GDP NUMBERS DID GIVE SOME RELIEF FOR A VERY BRIEF PERIOD COULDN’T MANAGE TO HOLD TILL THE END, JUST AFTER NIFTY INCLINED BY 40 ODD POINTS FELL SUDDENLY ON A PROFIT BOOKING NOTE WITH HUGE VOLUMES IN JUST FIVE MINUTES OF TIME TO BRING THE MARKETS TO THE NEGATIVE ZONE AND BOUNCED BACK FROM LOWS OF THE DAY TO CONSOLIDATE THE INDICES AND CLOSED THE MARKETS ON A FLAT NOTE. THOUGH THE MARKETS ENDED THE SESSION IN THE GREEN TERRITORY SUPPORTED BY GAINS IN THE FMCG, REALTY, OIL & GAS AND SELECT METAL COMPANIES, BUT THE TRADE REMAINED LACKLUSTER AFTER THE HUGE SELL OFF WITNESSED IN THE MARKETS ON FRIDAY AND THERE IS HARDLY ANY CONVICTION SEEN AMONG THE INVESTORS AT THESE LEVELS.

TODAY MARKETS WOULD OPEN FLAT AND RANGE BOUND THOUGH GLOBAL CUES ARE POSITIVE MAY NOT MAKE AN IMPACT TO THE INDIAN MARKETS AS THE SENTIMENT STILL REMAINS WEAK THERE IS HARDLY ANY CONVICTION SEEN IN THE MARKETS BY INVESTORS. WE MAY SEE ANOTHER LEG OF SELL OFF BEFORE OR AFTER A RETRACEMENT IN THE MARKET. IF NIFTY TRADES BELOW 5380 THEN LIKELY TO COME DOWN TO 5360 AND THEN TO 5320 LEVELS AND ANY BREAK BELOW THIS POINT WOULD TAKE NIFTY TO 5300 AND THEN TO 5200 LEVELS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5450 THEN LIKELY TO MOVE UP TO 5500 AND THEN TO 5540 LEVELS ANY CLOSE ABOVE 5540 IS A SIGN OF POSITIVE WAVE TILL THEN WE MAY TAKE EVERY OPPORTUNITY FOR INITIATING FRESH SHORTS.

INTRADAY TIPS FOR 07 FEBRUARY 2011

GOOD MORNING!!!

MARKETS GOT ON TO A CAUTIOUS NOTE DESPITE POSITIVE CUES FROM THE OVERNIGHT US MARKETS WHICH REMAINED OPTIMISTIC AS THE BENCHMARKS THERE SURGED IN LATE HOURS AFTER GETTING GOOD JOBS DATA. HOWEVER THE INDICES MANAGED TO BREAK INTO THE GREEN FOR A BRIEF PERIOD IN THE MID-MORNING SESSION BUT THAT TURNED OUT TO BE A SUCKER’S RALLY AS THE BOURSES DRIFTED BACK IN TO THE RED. MARKETS HAVE TAKEN A TURN FOR THE WORSE AS INVESTORS AT LARGE RESORTED TO HEFTY PROFIT BOOKING AFTER WITNESSING A RELIEF RALLY ON THE MARKETS IN TWO PREVIOUS TRADING SESSIONS. FOREIGN INSTITUTIONAL INVESTORS (FII) ARE RELENTLESSLY ATTEMPTING TO PLOUGH BACK THEIR HOT MONEY FROM THE UNDERPERFORMING EMERGING MARKETS BECAUSE OF THE ACCELERATION SEEN IN THE DEVELOPED WESTERN ECONOMIES LIKE US AND ALSO ON EXPECTATIONS THAT THE RESERVE BANK OF INDIA WILL BE CONTINUING WITH INTEREST RATE TIGHTENING CYCLE GOING FORWARD. MOUNTING UNCERTAINTIES OVER THE LINGERING CIVIL UPHEAVAL IN EGYPT TOO HAS PUMMELED LOCAL SENTIMENTS ON THE LAST TRADING DAY OF THE WEEK. THE HEAVYWEIGHTS FAILED TO SHOW RESILIENCE AND TRAVELLED TOWARDS SOUTH. THE MARKETS SAW POSITION SQUARING FOR MOST PART OF THE DAY AND EVENTUALLY FINISHED THE DAY’S TRADE AROUND THE DAY’S LOW WITH EXTENSIVE LOSSES. VOLUMES FOR MARKETS REMAINED SIGNIFICANTLY HIGHER COMPARED TO PREVIOUS DAYS. THE MARKET BREADTH ON WAS DREADFULLY NEGATIVE

TODAY MARKETS MAY BE VOLATILE AND RANGBOUND IF NIFTY TRADES BELOW 5366 THEN LIKELY TO COME DOWN TO 5321 AND BELOW THIS LEVEL WOULD DRAG NIFTY TO 5276 LEVELS AND THEN TO 5200 LEVELS. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5404 THEN LIKELY TO MOVE UP TO 5449 AND THEN TO 5500 LEVELS, AS LONG AS NIFTY TRADES BELOW 5550 ONE IS ADVISED TO STAY SHORT AS NIFTY LIKELY TO REMAIN WEAK THOUGH THERE IS EVERY POSSIBILITY FOR NIFTY TO BOUNCE BACK IT WOULD BE ON THE RETRACEMENT FRONT, WHICH MAY RAISE TO 5600 AND THEN TO 5720 LEVELS BUT LIKELY TO COME DOWN MUCH BELOW THE RECENT LOWS IN NIFTY. KEEP AN EYE ON FERTILIZERS.

NO RECOS FOR INTRADAY

INTRADAY TIPS FOR 04 FEBRUARY 2011

GOOD MORNING!!!

MARKETS STARTED ON A CAUTIOUS NOTE AFTER THE VOLATILITY WITNESSED IN THE LAST HOUR OF WEDNESDAY'S TRADE, IT WAS LIKE A DEAD CAT BOUNCE. INDICES MANAGED TO CAPITALIZE ON THE INITIAL GAINS AS ABSENCE OF ANY FOLLOW-UP PROFIT BOOKING SEEMINGLY LED TO THE RETURN OF CONFIDENCE AMONG INVESTORS. THE FRONTLINE INDICES SHOWED GREAT RESILIENCE DESPITE THE DISAPPOINTING INFLATION NUMBERS AND PAVED ITS WAY TOWARDS NORTH AFTER THE INITIAL SLUGGISHNESS. THE BOURSES SAW BARGAIN HUNTING FOR MOST PART OF THE TRADE AND EVENTUALLY FINISHED THE DAY’S TRADE AROUND THE HIGH POINTS OF THE DAY WITH SUBSTANTIAL GAINS. THOUGH THE BREADTH OF THE MARKETS REMAINED VERY POSITIVE BUT THE ONLY CONCERN IN THE MARKETS GROWTH WAS VOLUMES, VOLUMES FOR MARKETS REMAINED MARGINALLY LOWER WHEN COMPARED TO PREVIOUS SESSIONS. WE HAVE SEEN A RALLY ON THE BROAD BASED ON THE SHORT COVERING AHEAD OF BUDGET 2011.

MARKETS WOULD OPEN FLAT BUT AS LONG AS NIFTY TRADES ABOVE 5546 LIKELY TO MOVE UP TO 5625 AND THEN TO 5758 IN THE BROAD SENSE AS NIFTY HAS COME ON TO THE SHORT TERM POSITIVE ZONE, BUT AGAIN LIKELY TO DECLINE EVEN BELOW THE PREVIOUS LOWS OF THE INDICES AS THE LONG TERM BREADTH OF THE MARKETS REMAIN WEAK THOUGH THE SHORT TERM SEEMS TO BE ON THE RECOVERY WILL NOT LIVE LONGER. ON THE INTRADAY FRONT IF NIFTY TRADES ABOVE 5550 THEN LIKLEY TO MOVE UP TO 5575 WHICH MAY FACE TOUGH RESISTANCE AND THEN TO 5620 THERE AFTER WOULD MOVE TO 5650. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5530 LIKELY TO MAKE ITS JOURNEY TO 5500 AND THEN BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 5470 AND 5428 LEVELS.

INTRADAY TIPS FOR 03 FEBRUARY 2011

GOOD MORNING!!!

MARKETS GATHERED STRENGTH FROM THE STRONG US CLOSING AND SANGUINE ASIAN MARKETS TO POST A STRONG OPENING WITH A GAP UP TRADE AND CONTINUED TO SUSTAIN THE SAME LEVELS ALMOST TILL THE LAST HOUR OF TRADE HOWEVER, THE RELIEF RALLY FIZZLED OUT BY THE END OF TRADE AS INVESTORS RESORTED TO HEFTY PROFIT BOOKING AND EVENTUALLY PARED MOST OF THE INTRA-DAY GAINS TO FINISH THE DAY WITH MARGINAL GAINS, AROUND THE CRUCIAL SUPPORTS.. HOPES OF THE PULLBACK RALLY FOR THE MARKETS GOT SHATTERED AS MANY FRONTEND STOCKS SAW SHORT COVERING THE OPENING SESSION TILL AFTERNOON LATER LOST THE GROUND IN THE LATE HOURS. THOUGH MARKETS HELD ITS NERVE TILL THE LAST HALF AN HOURS IT SEEMED AS IF BEARS WERE ONLY PERSONS TO HAVE THE LAST ON THE MARKETS AS THEY STALLED THE RESURGE IN THE LAST HALF AN HOUR TRADE.

TODAY NIFTY MAY OPEN FLAT TO NEGATIVE IF NIFTY TRADES BELOW 5410 THEN LIKELY TO COME DOWN TO 5377 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY FURTHER DOWN TO 5233 LEVELS ONE NEEDS TO HAVE A CAREFUL THOUGHT BEFORE TAKING LONG POSITIONS AND ANOTHER IMPORTANT NOTE IS IF NIFTY CLOSES BELOW 5400 WE CAN SEE ANOTHER 200 POINTS DOWNSIDE RALLY. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5450 THEN LIKELY TO MAKE AN UPMOVE TO 5470 AND THEN TO 5488 LEVELS ANY BREAK ABOVE 5500 WOULD TAKE NIFTY TO 5530 AND CLOSE ABOVE 5530 WOULD TURN MARKETS POSITIVE.

INTRADAY TIPS FOR 02 FEBRUARY 2011

GOOD MORNING!!!

MARKETS YET AGAIN TAKEN TO A TOSS AFTER CLOSING THE FIRST DAY OF THE FEBRUARY MONTH ON A FIRM NOTE. BREADTH OF THE MARKETS HAS SHOWN NO INTENTIONS OF BOUNCING BACK AND CONTINUED ITS DOWNWARD JOURNEY WITH INTENSE SELLING. THOUGH, THERE WAS SOME KIND OF SHORT COVERING IN THE AFTERNOON SESSION COULDN’T REALLY HOLD ITS GAINS AS INVESTORS YET AGAIN TOOK PROFITS OUT OF THE TABLE LEADING TO THE FALL IN MARKETS AND EVENTUALLY FINISHING THE DAY ON A VERY WEAK NOTE. ACROSS THE BOARD RUTHLESS SELLING AND INVESTORS SHOWING NO INTEREST TOWARDS HOLDING LONG POSITIONS HAVE FURTHER WEAKENED, THE MAJOR CAUSE OF CONCERN IN THE INDIAN MARKETS ARE FII WHO ARE CONTINUOUSLY ON THE SELLING NOTE.

TODAY, WITH THE BETTER THAN FORECASTED US CONSUMER SPENDING NUMBERS, WHICH HAS HELPED TO CLOSE US INDICES WITH OVER ONE PERCENT GAINS ALONG WITH A POSITIVE CLOSING OF EUROPE AND POSITIVE CUES FROM THE ASIAN MARKETS WOULD HELP INDIAN MARKETS TO OPEN ON AN OPTIMISTIC NOTE TURNING THE SENTIMENTS. THOUGH THE SENTIMENT WAS VERY WEAK IN THE LAST DAYS TRADE BUT MARKETS TOOK SUPPORT AT A VERY CRUCIAL PHASE AT 5400 LEVELS. TODAY IF NIFTY TRADES ABOVE 5438 THEN LIKELY TO MOVE UP TO 5474 LEVELS AND MOVE UP ABOVE THIS POINT WOULD TAKE IT TO 5500 AND ANY BREAK ABOVE THIS WOULD TAKE NIFTY TO 5545 LEVELS. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5420 THEN LIKELY TO DIP DOWN TO 5386 LEVELS AND ANY BREAK BELOW THIS POINT WOULD TAKE NIFTY TO 5222 LEVELS IN A SHORT TIME. ONE IS ADVISED TO SEE 5400 AS A CRUCIAL LEVEL IF NIFTY CLOSES BELOW 5400 THEN LIKELY TO DIP DOWN TO 5222 LEVELS. IF NIFTY CLOSES POSITIVE WE MAY EVEN SEE A POSITIVE OPENING TOMORROW ANOTHER IMPORTANT POINT TO REMEMBER IS WE ARE IN A WEAK ZONE WHERE WE ARE LIKELY TO DECLINE BELOW THE PREVIOUS LOWS YET AGAIN SHORTLY AS LONG AS NIFTY STAYS BELOW 5560 ONE SHOULD UNDERSTAND THAT WE ARE IN A WEAK TERRITORY AND ONE SHOULD MAKE USE OF EVERY UPSIDE TO SHRED THE POSITIONS AS LONG AS IT STAYS BELOW 5560 LEVELS.

INTRADAY TIPS FOR 01 FEBRUARY 2011

GOOD MORNING!!!

MARKETS CRACKED OVER ONE AND HALF A PERCENT IN THE OPENING TRACKING GLOBAL CUES THE GLOBE GOT ANNIHILATED ON THE BACK OF LINGERING PUBLIC PROTESTS IN EGYPT WHICH SHOWED LITTLE SIGNS OF DYING DOWN WHICH REMAINED HIGHLY UNSUPPORTIVE WHILE SOARING DOMESTIC INFLATION AND RATE RISE FEARS TOO WEIGHED. ADDING TO THE WEAK GLOBAL CUES ANOTHER POINT OF CONCERN IN THE MARKET WAS RUTHLESS POSITION SQUARING HAVE DONE SOME MORE DAMAGE TO THE MARKETS IN THE FIRST SESSION. AND IN THE SECOND HALF OF THE MARKETS JOURNEY WHEN INDICES CAME DOWN TO THE CRUCIAL SUPPORT LEVELS THERE WAS SOME SHORT COVERING WHICH PULLED THE MARKETS CLOSER TO THE NEUTRAL LINE. MARKETS BREADTH WAS WEAK. THE HIGH BETA, REAL ESTATE STOCKS ONCE AGAIN LANGUISHED AT THE BOTTOM OF THE SECTORAL LIST AFTER TUMBLING 2.23%, THE FMCG COUNTER TOO WITNESSED HUGE PROFIT BOOKING AS IT SHAVED OFF 2% ON THE FLIPSIDE, CAPITAL GOODS PACK WENT HOME WITH 3.26% GAINS ALONG WITH IT POWER STOCKS TOO SAW HUGE BUYING INTERESTS AS IT GAINED 1.31%

TODAY NIFTY WOULD TRADE IN A NARROW RANGE WITH RANGE BOUND ACTIVITY. IF NIFTY TRADES BELOW 5500 THEN LIKELY TO COME DOWN TO 5442 AND BREAK BELOW THIS LEVEL WOULD COME DOWN TO 5400 LEVELS AND ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5550 THEN LIKELY TO MOVE UP TO 5590 LEVELS AND BREAK ABOVE THIS LEVEL WOULD TAKE NIFTY TO 5620 LEVELS ANY CLOSE ABOVE 5600 WOULD BE ON THE POSITIVE TRACK. ONE CAN SHORT NIFTY AT HIGHER LEVELS WITH A STOPLOSS OF 5625 LEVELS. WE CAN SEE ONE MORE LEG OF SELLING BUT THE INTENSITY OF SELLING IS PURELY TAKEN INTO ACCOUNT ON WHERE THE NIFTY IS TAKING SUPPORT AT, NIFTY CAN TAKE SUPPORT AT 5400, 5200 OR 4800 LEVELS SO ONE CAN TAKE CHANCE TO BUY PARTIAL QUANTITIES AROUND THESE LEVELS. IF YOU SEE BOUNCE BACK WE CAN GO FORWARD TO ONE OF THE BIGGEST BULL RUNS WE HAVE EVER SEEN. POSITIONAL INVESTORS SHOULD NOT REALLY BOTHER ABOUT THESE UPS AND DOWNS WHICH COME EVERY NOW AND THEN, FUNDAMENTALLY MARKETS HAVE NOT CHANGED ANYTHING AND WE HAVE A GOOD GOWTH STORY INTACT WE CAN HEAD MUCH AHEAD FROM THE LEVELS WHERE WE ARE CURRENTLY. BUT THERE ARE SERIOUS CONCERNS IN THE MARKET IN THE CURRENT SITUATION WITH THE CRUDE MOVING TO THE TWO YEAR HIGHS WHICH WILL HAVE GREATER IMPACT ON THE INFLATION IN TURN THE INTEREST RATES ONE HAS TO BE VERY CAUTIOUS FOR FRESH BUYS. WE ARE LIKELY TO FACE ONE MORE SELL-OFF IN A SHORT NOTE.