INTRADAY TIPS FOR 27 AUGUST 2010

GOOD MORNING!!!

MARKET EDGED SLIGHTLY HIGHER AFTER TURNING NEGATIVE TO HIT FRESH INTRADAY LOWS IN THE LATE TRADE. VOLATALITY WAS IMMENSE AS THE TRADERS ROLLED OVER THEIR POSITIONS FROM THE AUGUST SERIES TO THE SEPTEMBER SERIES. BANKING, FMCG AND AUTO STOCKS ROSE ON EXPIRY NOTE. MARKETS MOVED IN A NARROW RANGE IN MID-MORNING TRADE. MARKETS OPENED HIGHER TRACKING THE POSITIVE GLOBAL CUES BUT COULDNT HOLD LONGER AND SLIPPED INTO NEGATIVE ZONE IN THE AFTERNOON AND CLOSED HIGHER.

TODAY NIFTY MAY OPEN SLIGHTLY POSITIVE BUT ONE IS ADVISED TO TAKE POSITIONS ONLY WHEN THE SPECIFIED LEVEL BREACH. IF NIFTY TRADES ABOVE 5488 THEN LIKELY TO MAKE AN UP MOVE TO 5518 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5540 WHICH WOULD ACT AS A KEY LEVEL. ANY BREAK ABOVE 5540 ONE CAN SEE NIFTY TO MOVE HIGH. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5460 THEN NIFTY LIKELY TO MAKE ITS MOVE TO 5434 LEVELS AND ANY BREAK BELOW THIS POINT WOULD TAKE NIFTY TO 5402 LEVELS ONE HAS TO STAY CAUTIOUS AT THIS STAGE. STOCK SPECIFIC MOVES EXPECTED IN THE MARKETS.

BUY ENIL SL 256 TGT 265/270/277
BUY JINDAL DRILLING SL 610 TGT 625/637/652 (SHORT TERM 700/780)
BUY ORCHID CHEMICALS SL 190 TGT 194.9/197/200
BUY CROMPTON GREAVES SL 304 TGT 312.4/316/324
BUY JAIN IRRIGATION SL 1265 TGT 1282/1296/1305

INTRADAY TIPS FOR 26 AUGUST 2010

GOOD MORNING!!!

INDICES EDGED LOWER IN A HIGHLY VOLATILE TRADING SESSION. VOLATILITY WAS AT ITS HIGH AS TRADERS ROLLED OVER THEIR POSITIONS IN DERIVATIVES SEGMENT FROM THE CURRENT MONTH TO THE NEXT MONTH. CONCERNS OVER THE PACE OF THE GLOBAL ECONOMIC RECOVERY CONTINUED TO HURT THE INVESTORS SENTIMENT, THE SLIDE IN GLOBAL MARKET ALSO PUT INVESTORS IN FEARS. ALL THE SECTORAL INDICES WERE IN RED. MARKET BREADTH WAS WEAK, METALS AND REALITY WERE THE WORST HIT, DECLINED FOR THE STRAIGHT SECOND DAY. INITIALLY MARKET EDGED LOWER ON THE ONSET OF THE TRADING SESSION AND LATER IN THE AFTERNOON THERE WAS A STRONG REBOUND BUT PROVED TO BE SHORT LIVED AFTER A SHARP SLIDE PUSHED KEY INDICES TO THE LOWS OF THE DAY AT THE FAG END OF THE TRADING SESSION.

TODAY MARKETS MAY TRADE IN A CHANNEL AND WOULD BE RANGE BOUND. VOLATALITY MAY REMAIN HIGH AHEAD OF EXPIRY FOR THE MONTH. TODAY IF NIFTY TRADES BELOW 5460 THEN LIKELY TO SLIDE DOWN TO 5430 LEVELS AND ANY BREAK BELOW THIS POINT WOULD TAKE IT CLOSE TO 5400 LEVELS AND ANY CLOSE BELOW 5400 IS VERY WEAK. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5475 THEN ONE CAN SEE IT TO MOVE UP TO 5487 AND ANY BREAK ABOVE THIS POINT WOULD TAKE IT TO 5500 LEVELS ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5520 LEVELS. ANY CLOSE ABOVE 5500 MAY TAKE MARKETS TO THE NEW HIGHS OF THE YEAR IN THE NEXT FEW SESSIONS. WE MAY SEE A VERY STOCK SPECIFIC RALLY

BUY RUCHI SOYA SL 125 TGT 128.4/130/132 (MEDIUM TERM 150/180)*
BUY PATNI SL 538 TGT 548/553/560 (MEDIUM 620/680)
POSITIONAL TRADES
BUY VLS FINANCE SL 20.7 TGT 40

INTRADAY TIPS FOR 25 AUGUST 2010

GOOD MORNING!!!

INDICES OPENED NEGATIVE UNDER PRESSURE FROM ASIAN MARKETS AND CONTINUED ITS LOOSING STREAK TRACKING WEAK EUROPEAN MARKETS, BEARISH SENTIMENTS ACROSS GLOBAL MARKETS LEAD THE INDIAN BOURSES TO CLOSE IN THE RED. THOUGH NIFTY WAS NEGATIVE MANAGED TO CLOSE ABOVE 5500. ALL THE SECTORAL INDICIES WERE IN RED AND REALITY WAS THE MOST EFFECTED AMONGST ALL THE SECTORS, IT, MIDCAPS HAVE ALSO LOST THEIR GROUND. MARKETS AFTER A DROP OF 60 POINTS ENDED 26 POINTS LOWER RECOVERING ALMOST 35 POINTS FROM THE LOWS. MARKET BREADTH WAS WEAK.

TODAY MARKETS LOOK WEAK ON GLOBAL CUES AND MARKET MAY SEE SOME KIND OF PRESSURE BOTH FROM GLOBAL CUES AS WELL AS FNO EXPIRY ON THURSDAY. THOUGH MARKETS ARE TRADING IN NEGATIVE ZONE, STRUCTURALLY IT IS SHOWING LOT OF STRENGTH. ONE HAS TO BE VERY CAREFUL ON BOTH THE SHORT AS WELL AS LONG SIDE AS WE HAVE NOT ENTERED INTO ANY BEARISH PHASE AND WE ARE STILL BULLISH BUT ONLY THING IS MARKET ARE ALMOST IN THE OVER BOUGHT REGION WHERE ONE IS ADVISED TO STAY ON THE SIDE LINES. TRADE STOCK SPECIFIC FOR ANY UPMOVE AND NOT TO INVEST ALL THEIR CAPITAL AT THIS STAGE AS THE SCOPE OF UPMOVE ON IMMEDIATE BASIS IS NOT VERY HIGH AND POTENTIAL DOWNSIDE IS MUCH HIGHER SO RISK REWARD IS VERY HIGH SO BETTER STAY ON SIDELINES AND STAY ON CASH. TODAY IF NIFTY TRADES BELOW 5490 THEN LIKELY TO COME DOWN TO 5463 AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY FURTHER DOWN TO 5428 ANY CLOSE BELOW 5480 IS WEAK. ON THE POSITIVE SIDE IF NIFTY TRADES 5525 LIKELY TO MAKE AN UPMOVE TO 5540 AND ANY BREAK ABOVE THIS LEVEL WOULD TAKE IT TO 5560 AND THIS IS CONSIDERED TO BE THE TOUGHEST RESISTANCE ANY BREAK ABOVE WE WOULD HEAD HIGHER ON SHORT COVERING. PHARMA AND POWER LOOKS GOOD.

BUY PTC SL 123 TGT 126/128/129.6
BUY IND SWIFT LABS SL 113.9 TGT 121/125/132
BUY MID-DAY SL 35.7 TGT 36.45/37/37.8
BUY VOLTAMP SL 1099 TGT 1157/1175/1195
BUY SURYA PHARMA SL 285 TGT 300/315/333 (POSITIONAL 380/550)
POSITIONAL TRADES
BUY HCL INFOSYSTEMS TGT 137*
BUY AJANTA PHARMA TGT 300*

INTRADAY TIPS FOR 24 AUGUST 2010

GOOD MORNING!!!

INDICES END FLAT WHILE VOLATALITY WAS HIGH AS TRADERS ROLLED OVER POSITIONS FROM THE CURRENT MONTH TO THE NEXT MONTH AHEAD OF EXPIR. NIFTY HAS HIT 31 MONTH HIGH ON THE INDEX. THE MARKET WAS VOLATILE. THE MARKET LOST GROUND SOON AFTER A POSITIVE START. THE MARKET ONCE AGAIN SLIPPED INTO THE RED LATER. THE MARKET MOVED IN A NARROW RANGE IN THE MID MORNING TRADE. FRESH BUYING HAS PAVED WAY FOR THE MARKETS TO 31 MONTHS HIGH. THE MARKET BREADTH WAS STRONG THERE WAS FRESH BUYING SEEN ON STOCK SPECIFIC BANKING SECTOR AND AUTO SHARES.

TODAY MARKETS LIKELY TO OPEN NEGATIVE TRACKING NEGATIVE US INDICES AND WEAK ASIAN MARKETS. WE MAY SEE MARKETS TO BE VERY VOLATILE AND REMAIN IN A RANGE BOUND AHEAD OF EXPIRY IN THIS WEEK. TODAY IF NIFTY TRADES BELOW 5524 THEN LIKELY TO COME DOWN TO 5507 AND BELOW THIS LEVEL WOULD TAKE NIFTY TO 5480 AND ANY CLOSE BELOW 5500 IS WEAK AND ONE CAN SEE FURTHER DOWNSIDE THIS LEVEL ON A POSITIONAL TRADE. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5540 THEN LIKELY TO MOVE UP TO 5560 AND THEN ANY BREAK AND TRADE ABOVE THAT POINT WOULD TAKE NIFTY TO 5590 AND ANY CLOSE ABOVE THIS POINT WOULD DRIVE MARKETS CRAZY ON SHORT COVERING AND MAY HEAD MUCH HIGHER THAN ANTICIPATED.

BUY INDIAN HOTELS SL 108 TGT 110/111/112
BUY JINDAL SOUTH WEST HOLDINGS SL 1854 TGT 1890/1915/1940
BUY APOLLO TYRE SL 75.8 TGT 78/79.9/80.7
BUY LANCO INFRATECH SL 73.3 TGT 75/76/77
BUY JINDALY POLY FILMS SL 755 TGT 800/833/850 (SHORT TERM 1000)
BUY JINDAL PHOTO SL 255.8 TGT 272/283/290
POSITIONAL TRADES
BUY VIDEOCON INDUSTRIES TGT 297/350
BUY GLENMARK TGT 350

INTRADAY TIPS FOR 23 AUGUST 2010

GOOD MORNING!!!

WEAK GLOBAL CUES WEIGHED ON THE INVESTORS SENTIMENT ON THE WEEKEND. INDICES EDGED LOWER BREAKING TWO-DAY GAINS AS SOME OF THE PIVOTALS FELL ON PROFIT TAKING NOTE. ALMOST ALL THE WORLD MARKETS DECLINED ON GLOBAL ECONOMIC WORRIES. MARKET BREADTH WAS NEGATIVE BANKING, IT, TELECOM AND FEW OF THE AUTO STOCKS DECLINED BUT ONLY SECTOR WHICH ROSE ON FRIDAY WAS REALITY. THERE WAS HUGE VOLATALITY WHICH WAS WITNESSED AT THE START OF THE TRADE THOUGH THERE WAS LITTLE RECOVERY SOON AFTER THE FALL OF THE MARKET IT PROVED TO BE SHORT LIVED AND INDICES LOST IT GROUND IN THE MID AFTERNOON AND IT TRADED IN A VERY NARROW RANGE BUT WEAKNESS PERSISTED ON THE BOURSES IN LATE TRADE. THERE WAS HUGE BUYING FROM FOREIGN FUNDS WHICH AMOUNTED TO 6365.98 CRORES TILL 19 AUGUST 2010 WHICH HAS ABSORBED THE SELLING OF 3047.42 CRORES FROM DOMESTIC FUNDS.

MARKETS LOOK FLAT AND RANGE BOUND THOUGH WE ARE IN A OVER-BOUGHT REGION ONE SHOULD BE VERY CAREFUL ON BOTH THE SIDE AS THE UPSIDE IS VERY LIMITED AND WE MAY RETRACE A BIT TO FURTHER PULL UP SO WHEN MARKETS SLIDE IT WILL GIVE YOU A CLEAR INDICATION FOR A DOWNSIDE WHICH MAY BE AROUND 200 TO 300 POINTS IN NIFTY BUT AT THIS STAGE WE ARE STILL UNCLEAR OF DOWNTREND IN THE MARKET, THE FOREIGN FUND BUYING CLEARLY INDICATES A LOT OF STRENGTH IN THE MARKETS. ONE CANNOT IGNORE THAT THE LONG TERM VIEW ON THE INDIAN MARKET WHICH LOOKS VERY STRONG WHEN COMPARED TO ITS PEERS, THERE IS HIGH FLOW OF FOREIGN FUNDS WHICH CLEARLY INDICATES THE LONG TERM BULLISHNESS IN THE MARKETS. TODAY IF NIFTY TRADES ABOVE 5540 THEN LIKELY TO TAKE OFF TO 5560 AND THEN ABOVE THAT POINT 5590 BUT ONE HAS TO REMEMBER THAT IF ANY FURTHER BUYING CROPS IN THEN WE WOULD SEE LOT OF SHORT COVERING TO TAKE PLACE AND MARKET MAY MOVE UP FUTHER AS SPECIFICALLY TOLD IN THE EARLIER POSTS THAT MARKETS LIKELY TO TOUCH 5560 ANY TRADE ABOVE THAT WOULD HAVE ONLY ONE RESISTANCE POINT I.E., 5600 BUT ANY BREAK IN THIS PSYCHOLOGICAL FIGURE WOULD TAKE MARKETS MUCH HIGHER ON SHORT COVERING. ON THE NEGATIVE SIDE ANY BREAK BELOW 5500 WOULD TAKE DOWN TO 5470 ONLY BELOW 5470 ONE CAN GO SHORT POSITIONALLY UNTIL THEN ITS ONLY A INTRADAY PLAY. REMEMBER FOR SHORTING THERE IS LOT OF SCOPE GOING FORWARD DON’T INTIATE SHORTS IN HURRY YOU WILL SEE MARKETS TO FUMBLE WHEN PROFIT BOOKING TAKES PLACE AND ONE CAN ENTER SHORTS AT THAT TIME WHEN MARKETS ARE COMING DOWN WITH GOOD VOLUMES UNTIL THEN STAY ON SIDELINES AND DON’T CARRY OVER SHORTS TO THE NEXT DAY. MARKETS ARE STILL BULLISH. DON’T INVEST MORE THAN 30% IN THE MARKET RETAIN CASH.

BUY DLF SL 332 TGT 338.75/343/349
BUY IDFC SL 186 TGT 192/194/196
BUY LARSEN & TOUBRO SL 1855 TGT 1877/1889/1900*
BUY FINANCIAL TECHNOLOGIES SL 1400 TGT 1428/1444/1472 (SHORT TERM 1550)*
BUY IND SWIFT LABS SL 93 TGT 97/99/102.5 (SHORT TERM 135)*

POSITIONAL TRADES
BUY JET AIRWAYS TGT 1000
BUY VARUN INDS TGT 200*
BUY BF UTILITIES 1400/1600*
BUY DCB TGT 66*
BUY RELIANCE MEDIA TGT 260/300
BUY BHUSHAN STEEL 2200/2500*

INTRADAY TIPS FOR 20 AUGUST 2010

GOOD MORNING!!!

INDICES SURGED YET AGAIN ON A STRONG NOTE, BULLS HAVE TAKEN TOTAL CONTROL OF THE MARKETS. MARKETS SURGED TO THE NEW HIGHS HITTING TWO AND HALF YEARS HIGH EXTENDING THE GAINS OF WEDNESDAY. ANOTHER IMPORTANT ASPECT IS, EASING OF FOOD AND FUEL INFLATION WHICH HAS EASED THE PRESSURE ON CENTRAL BANK MONETORY POLICY, WHICH HAS ADDED SOME MORE ESSENCE TO THE MARKETS UP MOVE. MARKET BREADTH WAS POSITIVE. BANKING AND FINANCIAL SHARES RALLIED ON FRESH BUYING THERE WERE LOT OF FRONT END COUNTERS LIKE HDFC, ICICI BANK, ITC, UNION BANK, CANARA BANK, ITC BAJAJ AUTO REGISTERED THEIR LIFE HIGHS. ALL-IN-ALL WE HAVE SEEN SUSTAINED AND CONTINUAL BUYING FROM FOREIGN INSTITUTIONAL INVESTORS WHICH IS TRIGGERING THE MARKETS TO HIGHER HIGHS.

TODAY MARKETS WOULD OPEN WEAK TRACKING NEGATIVE US AND EUROPEON CLOSING ALONG WITH WEAK ASIAN OPENING. ONE HAS TO BEAR IN MIND THAT AS LONG AS FOREIGN FUNDS ARE BUYING THERE IS NO POINT WERE WE CAN SEE MARKETS TO CRACK DOWN ONE HAS TO BE VERY CAREFUL IN THIS PHASE AND STAY ON CASH. IF MARKET SEE FURTHER UPSIDE THEN WE WOULD SEE THERE WOULD LOT OF SHORT COVERING TO TAKE PLACE WHICH WOULD GUIDE THE MARKET TO FURTHER NEW HIGHS. THOUGH THE MARKET LOOKS TO BE ON THE OVER BOUGHT REGION IN THE SHORT TERM BUT THE LONG TERM OUTLOOK REMAINS VERY STRONG. IF NIFTY TRADES BELOW 5520 THEN LIKELY TO COME DOWN TO 5494 LEVELS AND ANY BREAK BELOW THIS LEVEL WOULD DRAG NIFTY FURTHER TO 5464 LEVELS ANY CLOSE BELOW 5437 IS A WEAK CLOSING AND ONE CAN INITIATE FRESH SHORTS BELOW THIS LEVEL. ON THE POSITIVE SIDE IF NIFTY TRADES 5535 LIKELY TO MOVE UP TO 5560 AND ANY TRADE ON VOLUMES WOULD TAKE IT TO 5700 LEVELS. THERE IS EVERY POSSIBILITY THAT NIFTY MAY MOVE UP FURTHER ON SHORT COVERING. STAY VERY CAUTIOUS IN THE MARKETS. ONE CAN SEE CEMENT STOCKS AS BUYING OPPORTUNITY ON DECLINES WITH STRICT STOPLOSS.

BUY BALLARPUR ABOVE 38.5 SL 38 TGT 39.7/40.1/40.5
BUY RUCHI SOYA ABOVE 116.5 SL 115 TGT 119.3/122/126
BUY MVL LTD ABOVE 111.6 SL 109 TGT 115.5/119.75/122.2
BUY UNION BANK ABOVE 367.5 SL 364.5 TGT 372/376/379.8
POSITIONAL TRADES
BUY PATNI TGT 625*

INTRADAY TIPS FOR 19 AUGUST 2010

GOOD MORNING!!!

INDICES SURGED TO HIT FRESH INTRADAY HIGH IN THE LATE TRADE OF THE DAY. ONE AND THE ONLY KEY DRIVING FORCE IN THE MARKET IS FOREIGN FUNDS CONSISTANT AND SUSTAINED BUYING FOR THE PAST FEW DAYS. IT, METALS, AUTO, FMCG AND FERTILIZERS SURGED ALONG WITH BANKING. INITIALLY THOUGH MARKET OPEN HIGHER AND CONTINUED ITS RALLY TILL NOON AND GAVE UP ALL ITS GAINS IN THE AFTERNOON AND HIT FRESH INTRADAY LOWS AND THEN IN THE LATE AFTERNOON MARKETS TOOK OFF ON CONTINUED AND SUSTAINED BUYING AT A LIGHTENING SPEED WITH GOOD VOLUMES. IF ONE LOOKS AT THE FOREIGN FUND BUYING IN JULY IT STANDS AROUND 8320.5 CRORES WHICH HAS OBSORBED THE DOMESTIC FUNDS SELLING WORTH 6323.13 CRORES AND IN THE MONTH OF JUNE IT STANDS AT 7713.97 WHICH HAS OBSORBED THE SELLING OF 4777.05 CRORES OF DOMESTIC FUNDS.

TODAY MARKET LOOKS POSITIVELY FLAT, AS NIFTY CLOSED AT HIGHER LEVELS OF TRADE IN THE LAST TRADING DAY WHICH INDICATES A POSITIVE SIGN. AS MARKETS ARE AT HIGHER ZONES AND PSYCHOLOGICALLY IT MAY RESIST TO MOVE ABOVE 5500 LEVELS BUT ONCE IF THIS LEVEL IS BROKEN THEN WE MAY SEE NIFTY TO MOVE UP TO 5560 LEVELS AND WE MAY EVEN SEE SOME GOOD SHORT COVERING AT THIS STAGE AND WE MAY HEAD FURTHER UPSIDE. BUT ANY NEGATIVE NEWS IN THE MARKET MAY DRAG NIFTY TO UNIMAGINABLE FIGURES AT THIS POINT IN TIME AS THERE IS HARDLY ANY RETAIL PARTICIPATION ON THE UPSIDE AND THERE MAY BE LOT OF SHORTS ADDING IN THE MARKET IF ANY EXTERNAL NEGATIVE FACTORS CROP-IN. ON THE NEGATIVE SIDE IF NIFTY TRADE BELOW 5470 THEN WE MAY SEE NIFTY COME DOWN TO 5445 AND THEN TO 5409 LEVELS. FERTILIZER STOCKS LOOK GOOD.

BUY HINDALCO SL 173 TGT 178/180/183.75
BUY UNITED PHOSPHOROUS SL 194 TGT 198/200/203
BUY RANBAXY SL 470 TGT 478/483/490
BUY HDFC BANK SL 2185 TGT 2215/2230/2256
BUY DEEPAK FERTILIZERS SL 160 TGT 165.75/168.9/174
BUY INDIAN HOTELS SL 108 TGT 110.2/111.3/113

POSITIONAL TRADES
KFA TGT 70/85