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)