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.
(A FREE SITE FOR MARKET COMMENTRY ALONG WITH INTRADAY TIPS AND DELIVERY TIPS FOR INVESTORS AND TRADERS) A GUIDE TO INDIAN FINANCIAL MARKETS, INTRADAY TIPS AND POSITIONAL CALLS FOR EQUITY & FNO.
Friday, April 29, 2011
INTRADAY TIPS FOR 29 APRIL 2011
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.
Thursday, April 28, 2011
INTRADAY TIPS FOR 28 APRIL 2011
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 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
Wednesday, April 27, 2011
INTRADAY TIPS FOR 27 APRIL 2011
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*
Tuesday, April 26, 2011
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
Monday, April 25, 2011
INTRADAY TIPS FOR 25 APRIL 2011
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
Thursday, April 21, 2011
INTRADAY TIPS FOR 21 APRIL 2011
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
Wednesday, April 20, 2011
INTRADAY TIPS FOR 20 APRIL 2011
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
Tuesday, April 19, 2011
INTRADAY TIPS FOR 19 APRIL 2011
Monday, April 18, 2011
INTRADAY TIPS FOR 18 APRIL 2011
Friday, April 15, 2011
INTRADAY TIPS FOR 15 APRIL 2011
Wednesday, April 13, 2011
INTRADAY TIPS FOR 13 APRIL 2011
Monday, April 11, 2011
INTRADAY TIPS FOR 11 APRIL 2011
Friday, April 8, 2011
INTRADAY TIPS FOR 08 APRIL 2011
Thursday, April 7, 2011
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.
Wednesday, April 6, 2011
INTRADAY TIPS FOR 06 APRIL 2011
Tuesday, April 5, 2011
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.
Monday, April 4, 2011
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.