INTRADAY TIPS FOR 09 JUNE 2010

GOOD MORNING!!!

INDIAN MARKETS GOT RUINED ON LATE SELL-OFF WHICH GOT TRIGGERED BY WEAK EUROPEAN EQUITIES, THE MARKETS THAT WERE TRADING WITH STEADY GAINS TILL LATE AFTERNOON, SUDDENLY SAW HEAVY SELLING PRESSURE LED BY REALTY, METAL AND OIL & GAS SHARES. MARKETS TRADED IN POSITIVE TERRAIN TILL AFTERNOON TRADE TILL THE SELL OFF RALLY CAME TRACKING EUROPEAN MARKETS IT OSCILLATED IN A NARROW RANGE TILL AFTERNOON. ALL IN ALL THE BREADTH OF THE MARKET SLIPPED FROM POSITIVE ZONE TO NEGATIVE ZONE IN THE LAST ONE HOUR OF TRADE.

TODAY NIFTY LIKELY TO OPEN FLAT AND REMAIN IN RANGE BOUND. NIFTY TOOK GREAT SUPPORT AT 4950 WHICH IS VERY CRUCIAL LEVEL IN THE VERY NEAR TERM. ONE CAN HAS TO THINK OF SHORTS ONLY IF NIFTY BREACHES 4950 AND TRADES UNTIL THEN ONE HAS TO REMAIN CAUTIOUS. TODAY IF NIFTY TRADES BELOW 4950 THEN LIKELY TO DIP DOWN TO 4900 AND BREACH BELOW THIS LEVEL WOULD TAKE NIFTY TO 4860 AND ANY CLOSE BELOW 4900 IS LIKLEY TO WITNESS LOT OF SELLING PRESSURE ALONG WITH FRESH SHORTS INITIATING AT THAT LEVEL AND BEARS WOULD CAPTIVATE MARKETS MORE AGGRESSIVELY NO SOONER NIFTY BREACHES 4900 LEVELS. ON THE POSITIVE SIDE IF NIFTY TRADE ABOVE 5000 ONE IS ADVISED TO GO LONG UNTIL THEN STAY SHORT OR AWAY FROM THE MARKETS IF NIFTY CLOSES ABOVE 5000 MARK THEN ONE CAN INITIATE LONGS TO CERTAIN EXTENT AS MARKETS ARE ON HIGH PRESSURE FROM EUROPEAN AND OTHER ECONOMIES IT IS WISE TO TRADE LESS AND STAY ON CASH.

NO RECOS FOR THE DAY

INTRADAY TIPS FOR 08 JUNE 2010

GOOD MORNING!!!

MARKETS SNAPPED ITS WINNING STREAK ON MONDAY AFTER A THREE DAY SURGE ON THE CONCERNS OVER SLOWDOWN IN THE RECOVERY OF GLOBAL ECONOMY, THIS FALL GLOBALLY IS BECAUSE OF LOWER THAN EXPECTED JOBS DATA FOR THE MONTH OF MAY OVER THE WEEKEND AND ADDING FUEL TO THE FIRE WAS EURO ZONE DEBT CRISIS WHICH HAS STARTED SHOWING ITS IMPACT ON NEIGHBOURING COUNTRIES, THIS TIME HUNGARY HAS PUT THEIR LEG FORWARD WHICH HAS INVITED FEARS IN INVESTORS NOW ARE LITTLE APPREHENSIVE MARKETS AS THEY FEEL MORE TROUBLE MAY BE INVITED BY EUROPEAN ECONOMIES. OVERALL COMPLETELY CAPTIVATED BY BEARS AND DIDN’T GIVE MUCH SCOPE TO BREATH IN TERMS OF RETRACEMENT ALMOST MANY HAVE SHATTERED TO THE NEW LOWS, SELLING PRESSURE EXISTED RIGHT FROM THE BEGINNING OF THE TRADE, WE HAVE ALSO SEEN PROFIT BOOKING IN PSU. BUT ALL IN ALL IT WAS A GOOD MARKET AS WE DIDN’T SEE NIFTY TO NOSE DIVE AS EXPECTED IT IS MUCH BELOW THAN WHAT WAS ANTICIPATED LAST DAY.

TODAY WE EXPECT MARKET TO REMAIN IN A NARROW RANGE BAND AND THERE WOULD BE SOME BUYING COMING IN AT LOWER LEVELS AND WE WILL SEE VERY STOCK SPECIFIC MOVES IN THE MARKETS. IF NIFTY TRADES ABOVE 5030 THEN LIKELY TO MAKE AN UPMOVE TO 5062 LEVELS AND BREAK ABOVE IT WOULD TOUCH 5098 LEVELS AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5000 THEN LILKEY TO COME DOWN TO 4980 AND FURTHER BELOW THIS LEVEL WOULD TAKE NIFTY TO 4950 AND ANY CLOSE BELOW 4950 WOULD BE CONSIDERED VERY WEAK AND MAY HEAD DOWN TO 4675 LEVLES. THERE IS ONE IMPORTANT INFORMATION WHERE ONE HAS TO BE CAREFUL IS MANSOONS WHICH HAVE POSITIVE DEVELOPMENTS ON THE SOUTHWEST MANSOONS WHICH IS A KEY TRIGGER IN THE MARKET IN THE COMING DAYS AS THE MANSOONS STARTED PROGRESSING AFTER BEING STALLED FOR SOME TIME DUE TO A CYCLONE FORMATION OVER ARBIAN SEA NOW THAT THEIR PROGRESS IS MORE RAPID NOW, SO IF MANSOONS ARE AT EVEN NORMAL THEN EXPECT MARKET TO GO MUCH HIGHER THAN EXPECTED.

BUY LAKSHMI VILAS BANK SL 86 TGT 92/94/96
BUY DHANALAXMI BANK SL 159 TGT 164/166/170
BUY RELMEDIA SL 174 TGT 185/188/192
BUY GSPL SL 93 TGT 99/102/104

POSITIONAL TRADES
BUY FAIRFIELD ATLAS TGT 75/100
BUY DCB TGT 56/66

INTRADAY TIPS FOR 07 JUNE 2010

GOOD MORNING!!!

ON FRIDAY THE DOMESTIC MARKETS CONTINUED TO TRADE IN A TIGHT RANGE BUT GAINED STRENGTH IN THE LATE AFTERNOON TRADE TRACKING POSITIVE EUROPEAN SHARES. MOST OF THE ASIAN MARKETS WERE ON THE POSITIVE LINES BOOSTING THE INVESTORS CONFIDENCE AT THE LOCAL MARKETS TOO. BOTH NIFTY AND SENSEX HIT INTRADAY HIGHS BY AFTERNOON TRADE BUT RESISTING 5150 LEVELS. AMONGST THE SECTORS CONSUMER GOODS, BANKING INCHED HIGHER WHILE METALS AND REALITY DECLINED.

THE MOST IMPORTANT FACTOR IN THE UPWARD RALLY IN THE LAST FEW SESSIONS OF TRADE WAS OF UTMOST CONCERN AS THERE IS NO CONVINCING PARTICIPATION FROM EITHER FII OR DII’S IN BUYING AREA WHERE MARKET HAVE RALLIED. THIS IMPLIES THAT THERE IS NO INTREST ON THE BUYING SIDE. WE HAVE CLEARLY INDICATED THAT THE MARKET ARE ON THE RETRACEMENT ZONE WHICH MAY TAKE NIFTY TO 5165 LEVLES TO THE MAXIMUM AND ONE IS ADVISED FROM THE PAST FEW DAYS THAT ONE SHOULD REMAIN VERY CAUTIOUS AND CLEARLY STATED TO STAY SHORT TILL 5165 AND ABOVE THAT ONE CAN TAKE LONG POSITIONS, TODAY MARKETS MAY INCH LOWER AND LOWER, NIFTY IN SHORT TIME BREACH THE PREVIOUS LOWS AND WILL HEAD TOWARDS 4675 BEFORE THAT NIFTY WOULD TAKE SUPPORT AT 4950 LEVELS ONE HAS TO STAY SHORT BELOW 4950 WITH THE SAME LEVEL AS STOPLOSS TILL 4675 LEVELS AND WE MAY SEE SOME BUYING ON BARGAIN HUNT AT THIS LEVELS. ONE IS ADVISED TO START BUYING ONLY AT LEVELS INDICATED AS SUPPORTS AS NIFTY ON THE LONG TERM REMAINS VERY BULLISH.

ONE IS ADVISED TO CONCENTRATE ON ONGC, GSPL, COMMUNICATION STOCKS LIKE RCOM, IDEA AND BHARTI FOR BUYING AT LOWER LEVELS THESE ARE THE STOCKS WHERE ONE CAN LOOK FOR BARGAIN HUNTING THEY CAN MOVE FAST ON DECLINES INCLUDING SUGAR AND AUTO SPACE. ONE HAS TO JUST IGNORE STOCKS FROM BANKING SECTOR. ONE CAN TAKE RISKY BUY CALLS ON THE ABOVE COUNTERS. NIFTY LIKLEY TO COME DOWN BYAROUND 180 POINTS.

BANKING AND METALS MAY OUT PERFORM IN THE UNDER PERFORMERS ZONE FOR TODAY

SELL ICICI BANK SL 871 TGT 851/840/832
SELL TATA STEEL SL 485 TGT 478/470/461
SELL SESAGOA SL 374 TGT 362/354/340

INTRADAY TIPS FOR 04 JUNE 2010

GOOD MORNING!!!

MARKETS REGAINED STRENGTH FROM THE WORLD MARKETS AND EDGED HIGHER TRACKING THE STRONG CUES FROM THE WORLD WIDE EQUITES. THERE WAS HUGE AND FRESH BUYING CROPPED IN AND WE HAVE WITNESSED A FRESH BUYING IN COUNTERS LIKE TELECOM AND OIL & GAS, THE OUTSTANDING GROWTH IN THE SERVICES SECTOR FOR THE MONTH OF MAY HAS LIFTED THE SENTIMENT OF THE INVESTORS IN THE TRADE. MARKETS IN THE INTIAL TRADE MADE A GAP UP OPENING AND SUSTAINED IT FOR THE ENTIRE DAY WITHOUT ANY KIND OF REVERSAL, MARKET HAS INCHED UP SLOW AND STEADILY NEGATING ALL THE NEGATIVES IN THE MARKET AND TAKING IT TO A BETTER AND COMFORTABLE ZONE.

TODAY MARKETS WOULD BE NARROWLY RANGE BOUND. IF NIFTY TRADES ABOVE 5110 ONE CAN SEE NIFTY TO MOVE UPTO 5165 LEVLES AND ONE IS ADVISED TO STAY OUT OF NIFTY IF IT CLOSES IN AND AROUND 5165, BUT IF NIFTY CLOSES ABOVE 5165 WITH CONVINCING BUYS IN THE MARKETS THEN ONE IS ADVISED TO STAY INVESTED AS WE MAY HEAD TOWARDS MUCH HIGHER ZONES SURPASSING ALL THE PREVIOUS HIGHS OF THE YEAR. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5060 LEVELS THEN MARKETS LIKELY TO NOSE DIVE TO 5017 LEVELS AND BREAK BELOW THIS LEVEL WOULD TAKE IT 4980 AND ANY CLOSE BELOW 5000 AGAIN IS NEGATIVE FOR THE MARKETS IN A SHORT RUN.

BUY TECHM SL 710 TGT 728/737/750
BUY RPOWER SL 160 TGT 165/168/173
BUY YESBANK SL 294 TGT 300/304/307
BUY UNIONBANK SL 313 TGT 319/235/332
BUY HAVELLS SL 630 TGT 650/662/676
BUY BANKBARODA SL 735 TGT 746/755/763

INTRADAY TIPS FOR 03 JUNE 2010

GOOD MORNING!!!

AT THE LAST HALF HOUR OF TRADE BULLS STRUCK WITH VENGENCE AND GAVE A VERY GOOD COME BACK AFTER A WEAK CLOSING LAST TRADING DAY. INITIALLY IN THE START OF THE DAY MARKETS EDGED LOWER TRACKING BACK SUBDUED REGIONAL PEERS AND EDGED LITTLE LOWER AND TRADEDED IN A NARROW RANGE UNTIL THE EUROPEAN MARKETS GOT OPENED AND SOON AFTER THAT MARKETS NOSE DIVED 45 POINTS AND TRADED IN A NARROW BAND AND IN THE LAST HALF AN HOUR OF TRADE MARKETS BOUNCED BACK ON HEAVY BUYING IN ALL THE FRONT END COUNTERS. THE MOST IMPORTANT FACT IN THE RALLY WAS ON THE POSITIVE COMMENTS FROM THE HONBLE PRIME MINISTER MANMOHAN SINGH ON THE ECONOMY BOOSTED INVESTORS CONFIDENCE IN THE TRADE, THE PRIME MINISTER IN HIS COMMENTS ADDRESSED THAT THE INDIAN ECONOMY WAS LIKELY TO GROW AT A MUCH FASTER PACE THAN 8.5% IN THIS FINANCIAL YEAR.

TODAY MARKETS WOULD OPEN ON A POSITIVE NOTE AND MAY CONTINUE THE RALLY BUT 5165 LEVEL IS AGAIN A CONCERN IN RESPECT TO INVESTORS, ONE HAS TO WATCH OUT FOR THE LEVELS SPECIFIED BELOW. IF NIFTY TRADES ABOVE 5020 THEN LIKLEY TO MOVE UP TO 5065 LEVELS AND ANY BREAK ABOVE THIS POINT CONVINCINGLY WITH VOLUMES WOULD SURPASS 5100 AND SUSTAINING ABOVE 5100 WOULD TAKE NIFTY TO THE LEVELS EXPECTED I.E., 5165 LEVELS WHICH IS ONE OF THE VERY CRUCIAL LEVEL AT THIS STAGE FOR FURTHER UPSIDE OR DECLINE FROM THERE ON AS WE ARE IN THE RETRACEMENT PHASE IN DECLINING TREND SO EVERY POSSIBILITY OF NIFTY TO DECLINE AFTER REACHING 5165 LEVELS TO THE MAXIMUM BUT IF IT SUSTAINS ABOVE THAT AGAIN ONE HAS TO JUST GO WITH THE TREND THAN THINKING OF ANY DECLINE. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4980 ONE IS ADVISED TO STAY SHORT FOR A TARGET OF 4950 AND BREAK BELOW WOULD TAKE IT TO 4900 LEVELS. ANYTHING BELOW 4950 IS BETTER TO STAY AWAY FROM LONGS.

BUY RCOM SL 153.4 TGT 160/163.5/168 *
BUY GSPL SL 98 TGT 101/103/105*
BUY ONGC SL 1174 TGT 1197/1214/1223*
BUY HEROHONDA SL 1980 TGT 2011/2032/2065 *
BUY ENIL SL 223 TGT 230/236/241
BUY ONMOBILE SL 287 TGT 299/309/322
***NOTE: RECOS INDICATED WITH * ARE EVEN POSITIONAL CALLS FOR A VERY SHORT TERM ONE CAN HOLD FOR A VERY GOOD APPRECIATION.
POSITIONAL TRADES
BUY FOUR SOFT TGT 50%/100%/200%

INTRADAY TIPS FOR 02 JUNE 2010

GOOD MORNING!!!

INDICES ARE TOTTERED UNDER THE INTENSE SELLING PRESSURE INITIALLY TRACKING ASIAN MARKETS AND THEN EUROPEAN MARKETS ADDED FUEL TO THE FIRE IN THE SECOND HALF OF THE TRADING SESSION. INITIALLY THE DOWNFALL IN THE MARKET STARTED BY A MAJOR TRIGGER BY A FREAK TRADE IN RIL INSTEAD OF SELLING ICICI BANK AT RS 840.55 PER SHARE. EXCEPT FOR THE HEALTHCARE SECTOR ALL OTHER SECTORS WHERE IN RED, OVERALL HEALTH OF THE MARKET HAS BECOME NEGATIVE.

TODAY MARKETS ARE TO REMAIN FLAT AND RANGE BOUND, IF NIFTY TRADES BELOW 4930 THEN ONE CAN SEE NIFTY TO SLIDE DOWN TO 4900 AND THEN BREAK BELOW THIS LEVEL CAN TAKE IT TO 4865 LEVELS AND ANY CLOSE BELOW 4900 WILL BE HIT HARD BY BEARS IN THE MARKET. ON THE OTHER HAND IF NIFTY TRADES ABOVE 4980 THEN IT MAY GO UP TO 5000 AND THEN TO 5023 LEVELS AND ABOVE THAT MAY TAKE NIFTY 5050 BUT BE CAUTIOUS IN LONGS AS WE ARE NOW TRADING IN A WEAKER ZONE. ONE THING WHERE ONE EVERYONE NEEDS TO CONSIDER IS THE MAJOR TRIGGER IN THE MARKETS WOULD BE MANSOONS AND DISINVESTMENT SO ANY POSITIVE TRIGGER IN MANSOONS WOULD TAKE NIFTY TO A VERY BULLISH ZONE AND DISINVESTMENT WILL ALSO CONTRIBUTE TO IT AND MAY TAKE NIFTY TO FURTHER NEW HIGHS SO EVEN ON THE SHORTER SIDE STAY WITH CAUTION AS THERE IS EVERY CHANCE THAT MARKET CAN MOVE TO THE NEW HIGHS OF THE YEAR. STAY FOCUSED ON THE ISSUES STATED AND STAY SHORT FOR NOW AND FOLLOW THE LEVELS SPECIFIED ABOVE.

NO RECOS FOR THE DAY

INTRADAY TIPS FOR 01 JUNE 2010

GOOD MORNING!!!

WE HAVE WITNESSED QUITE A RANGE BOUND SESSION WHERE INDICES CLOSED ON POSITIVE NOTE LED BY SOME GOOD BUYING IN HEAVYWEIGHT COUNTERS. IT WAS ALL IN ALL DIRECTIONLESS MARKET FOR THE ENTIRE DAY AS GLOBAL AND LOCAL TRIGGERS WERE MISSING ON ACCOUNT OF CLOSING OF US MARKETS ON ACCOUNT OF MEMORIAL DAY. THOUGH FOURTH QUARTER GDP NUMBER WHICH REMIANED IN LINE WITH THE EXPECTATION AT 8.6% FAILED TO IMPACT THE BOURSES. THE FOURTH QUARTER GROSS DOMESTIC PRODUCT (GDP) NUMBER, WHICH REMAINED MORE OR LESS ON EXPECTED LINES AT 8.6%, FAILED TO FUEL ANY SIGNIFICANT UP-MOVE ON THE BOURSES BUT THERE WAS SOME PARTICIPATION AT THE END. POSITIVE DEVELOPMENTS ON THE SOUTH-WEST MONSOON ALSO LIFTED INVESTOR SENTIMENT IN TRADE. THE SOUTH-WEST MONSOON HAS FURTHER ADVANCED INTO MOST PARTS OF SOUTH ARABIAN SEA, ENTIRE KERALA, SOUTH TAMILNADU AND SOME MORE PARTS OF SOUTHWEST BAY OF BENGAL.

TODAY WE MAY WITNESS ANOTHER RANGE BOUND SESSION, ONE HAS TO BE VERY CAREFUL AT THE CURRENT LEVELS AS THE TREND REMAINS UNCLEAR AND MARKETS MAY MAXIMUM MOVE-UP TO 5165 LEVELS AND MAY SEE A DECLINE IF RESISTED AT THAT PLACE AND MAY COME DOWN TO NEW LOWS. IF NIFTY TRADES ABOVE 5070 THEN WE MAY LIKELY TO SEE NIFTY TO 5100 AND ABOVE THIS POINT WOULD TAKE NIFTY TO AROUND 5165 LEVELS AND ANY CLOSE ABOVE 5165 IS CONSIDERED TO BE SHORT TERM TREND REVERSAL WE MAY EVEN INITIATE FRESH LONGS AT THAT STAGE IF IT CLOSES CONVINCINGLY. ON THE OTHER SIDE IF NFITY TRADES BELOW 5045 THEN LIKELY TO DIP DOWN TO 5018 AND ANY BREAK BELOW MAY HAVE A MINOR SUPPORT AT 5000 AND BREACH BELOW THIS LEVEL WITH GOOD VOLUMES THEN CAN SEE NIFTY TO SLIDE DOWN TO 4950 LEVELS CLOSE BELOW 4970 WOULD MAKE BEARS TO CAPTIVATE THE MARKET SLOWLY.

POSITIVE COUNTERS: CROMPTON GREAVES, STC INDIA, GSPL, BOMBAY DEYING, ESSAR OIL, NMDC, IBREAL, IFCI, HIND COPPER, DREDGING CORP, KFA,

BUY RECLTD SL 286.4 TGT 295/299/304.5
BUY UNIPHOS SL 180 TGT 185/193/197
BUY ONGC SL 1164 TGT 1175/1192/1204 (SHORT TERM TGT 1275)
POSITIONAL TRADES
BUY JM FINANCIALS SL 30 TGT 50%/100%
BUY KFA TGT 50%/100%/200%