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.