INTRADAY TIPS FOR 05 APRIL 2010

GOOD MORNING!!!

WITH THE SPIKE IN INDICIES AND BUILDUP OF FRESH POSITIONS ON THE FIRST FINANCIAL DAY OF THE YEAR INDICIES REGAINED THE PREVIOUS TWO DAYS SLIDE. MARKET GAINED STRENGTH IN THE EARLY TRADE AND SLIPPED A LITTLE DURING THE DATA OF SLOW DOWN OF MANUFACTURING GROWTH FROM THE PREVIOUS MONTH AND HAS REGAINED STRENGTH WITH THE FIRM GLOBAL INDICIES. MARKET BREADTH WAS STRONG AND IT STOCKS WERE ON BARGAIN HUNTING AFTER A RECENT FALL WITH THE RUPEE GETTING STRONGER OVER DOLLAR AND AHEAD OF Q4 IT STOCKS REGAINED STRENGTH. BANKING, METALS, INFRASTRUCTURE AND CAPITAL GOODS STOCKS ROSE ALONG WITH RELIANCE ON EXPECTATION OF ROBUST Q4 EARNINGS.

TODAY MARKETS LOOKS POSITIVE ON GLOBAL CUES WITH ALL MOST ALL THE ASIAN MARKETS TRADING IN POSITIVE ZONE. IF NIFTY TRADES ABOVE 5315 THEN WE MAY HEAD UPWARDS TO 5339 AND TRADE ABOVE THIS WOULD TAKE NIFTY TO 5368 AND ANY TRADE ABOVE THIS POINT WOULD TOUCH NIFTY TO 5400 LEVELS AND ON THE DOWN SIDE IF NIFTY TRADES BELOW 5302 THEN LIKELY TO DECLINE TO 5276 AND ANY TRADE BELOW THIS POINT WOULD DRAG NIFTY DOWN TO 5244 LEVELS AND ANY BREAK BELOW THIS LEVEL WOULD DRIFT DOWN TO 5205 AND CLOSE BELOW THIS POINT IS CONSIDERED TO BE WEAK AND ON IS ADVISED TO STAY SHORT BELOW THIS POINT.

POSITIVE STOCKS: EDUCOMP, JAICORPLTD, SUBHASH PROJECTS, BHARTISHIP, JP ASSOCIATES AND AGEE GOLD.

BUY UNION BANK SL 299 TGT 304/309/314
BUY MAYTASINFR SL 179.9 TGT 215/225/253
BUY HINDOILEXP SL 228 TGT 258/268/294
BUY RECLTD SL 254 TGT 263/269/274
BUY ESCORTS SL 159 TGT 174/179/184
BUY JINDALSAW SL 214 TGT 224/227/229
BUY CROMPGREAV SL 269 TGT 279/284/287
BUY RELINFRA SL 838 TGT 880/913/942
BUY PUNJLLOYD SL 175 TGT 182/188/196

POSITIONAL TRADES
BUY TOURISM FINANCE CORP @ 28 TGT 30/32
BUY UNI ABEX ALLOYS LTD *** (MUST BUY AND JUST HOLD) CMP 170
BUY INDRAPRASTHA MEDICAL CORP @ 46.35 TGT 58
BUY MSK PROJECTS TGT 220

INTRADAY TIPS FOR 01 APRIL 2010

GOOD MORNING!!!

CLOSING OF THE FINANCIAL YEAR ENDED IN RED, THE LOSSES CONTINUED FOR THE STRAIGHT SECOND DAY AS ASIAN STOCKS ALONG WITH US INDEX FUTURES FELL. DURING THE DAY THE MARKET WAS VERY VOLATILE HOVERING INTO POSITIVE AND NEGATIVE TERITORRY IT SLIPPED TO RED IN THE MORNING AND WITH THE EUROPEAN STOCKS EDGING HIGHER MARKET REGAINED TO POSITIVE ZONE BUT COULDN’T SUSTAIN WITH WEAK ASIAN INDICES AND MARKET GAVE UP ALL THE GAINS AND ENDED IN LOSSESS. FMCG AND IT STOCKS FELL. OVERALL STRENGTH AND BREADTH OF THE MARKET REMAINED POSITIVE. FOREIGN INSTITUTIONAL INVESTORS HAVE MADE HEAVY PURCHASES OF INDIAN STOCKS IN THE PAST FEW WEEKS HELPING STOCKS REGISTER STRONG GAINS THIS MONTH. THE SENSEX HAD JUMPED 1,457.15 POINTS OR 8.96% TO A 2-YEAR CLOSING HIGH OF 17711.35 ON MONDAY, 29 MARCH 2010, FROM A LOW OF 16,254.20 ON 25 FEBRUARY 2010. AS PER DATA FROM THE STOCK EXCHANGES, FOREIGN INSTITUTIONAL INVESTORS (FIIS) BOUGHT STOCKS WORTH A NET RS 14,358.81 CRORE THIS MONTH, TILL 30 MARCH 2010. TODAY TRADERS MAY REFRAIN FROM BUILDING LARGE POSITIONS AHEAD OF A LONG WEEKEND AS THE STOCK MARKET REMAINS CLOSED ON FRIDAY, 2 APRIL 2010, ON ACCOUNT OF GOOD FRIDAY. ACCORDING A REPORT FOR INDUSTRY SECRETARY THE INDUSTRIAL OUTPUT IN FEBRUARY IS EXPECTED TO HAVE GROWN 16% YEAR-ON-YEAR. FEW OTHER MAJOR DATA WHICH WILL RULE THE STOCK MARKET IN THE WEEK TO COME ARE Q4, MANSOON FORCAST, IIP AND RBI MEET.

TODAY WE MAY SEE MARKETS TO TRADE NEGATIVE AND MAY TRY TO BOUNCE BACK AT 5236 LEVELS AND 5207 LEVELS. OVERALL WE CAN STILL REMAIN POSITIVE ON THE NEAR TERM VIEW THOUGH SHORT TERM REMAINS WEAK IF CLOSING BELOW 5200 IN NIFTY TAKES PLACE. TODAY IF NIFTY TRADES BELOW 5258 THEN LIKELY TO DIP DOWN TO 5236 LEVELS AND ANY BREAK BELOW THIS LEVEL WOULD DRIFT DOWN THE MARKETS TO 5207 AND ANY CLOSING BELOW 5200 IS CONSIDERED TO BE WEAK AND ON IS ADVISED TO EXIT ALL THE LONG POSITIONS AND STAY SHORT. ON THE POSITIVE NOTE IF NIFTY TRADES ABOVE 5276 THEN LIKELY TO MOVE UP TO 5302 LEVELS AND ANY BREAK ABOVE 5302 IS CONSIDERED TO BE STRONG, ONE IS ADVISED TO STAY INVESTED IF NIFTY CLOSES ABOVE 5302 LEVELS AS THIS IS AGAIN CONSIDERED TO BE GOOD CLOSING.

BUY AGEE GOLD SL 209 TGT 228/235/260
BUY HANUNG TOYS SL 219.85 TGT 235/243/250
BUY SESAGOA SL 463.9 TGT 477/484/492
BUY SAIL SL 248 TGT 257/259/263
BUY SINTEX SL 292 TGT 300/302/304
BUY AIA ENGG SL 389 TGT 407/410/414

POSITIONAL TRADES
BUY VALECHA ENGG TGT 215
BUY AGEE GOLD TGT 296/500
BUY HDFC TGT 2887
BUY BGRENERGY TGT 570
BUY TTK PRESTIGE TGT 700
BUY AMTEK AUTO TGT 250

INTRADAY TIPS FOR 31 MARCH 2010

GOOD MORNING!!!

THE MARKET EDGED HIGHER IN EARLY TRADE ON FIRM ASIAN STOCKS. IT REMAINED RANGE-BOUND LATER. THE MARKET SLIPPED INTO THE RED IN MORNING TRADE. IT CAME OFF THE LOWER LEVEL IN MID-MORNING TRADE, REGAINING POSITIVE ZONE. THE MARKET ONCE AGAIN MOVED IN A NARROW RANGE IN EARLY AFTERNOON TRADE. THE MARKET ONCE AGAIN SLIPPED INTO THE RED IN MID-AFTERNOON TRADE. STOCKS EXTENDED LOSSES IN LATE TRADE INDICES EDGED LOWER AS PROFIT TAKING EMERGED AFTER THE MARKET SCALED TWO-YEAR HIGH. NEVERTHELESS, THE MARKET BREADTH WAS STRONG, WITH SOME SIDE COUNTERS SURGING SHARPLY. IT STOCKS FELL ON A FIRM RUPEE. BANKING AND AUTO STOCKS ALSO EDGED LOWER. BUT, REALTY STOCKS GAINED.

TODAY WE MAY SEE A NEGATIVE OPENING ON THE NIFTY. TODAY IF NIFTY TRADES BELOW 5264 THEN LIKELY TO COME DOWN TO 5236 AND BREAK BELOW THIS LEVEL WOULD TOUCH 5207 AND ANY BREAK AND CLOSE BELOW 5200 WOULD LEAD NIFTY TO 5139 LEVELS MAKING THE MARKETS WEAKER IN THE SHORT TERM. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5302 THEN LIKELY TO 5330 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5350 LEVELS AND ANY CLOSING ABOVE 5330 IS CONSIDERED TO BE VERY BULLISH AND WE MAY SEE NIFTY TO TOUCH 5400 TO 5500 LEVELS IN A VERY NEAR TERM. IF NIFTY DOESN’T BREACH 5264 LEVELS THEN LIKELY TO BOUNCE BACK AS THIS IS CRUCIAL LEVEL FOR NIFTY IN THE NEAR TERM.

BUY RPOWER SL 147 TGT 153/155/157.6
BUY MSK PROJECTS SL 159.40 TGT 168/174/182
BUY PIPAVAV SL 67 TGT 73/74/75
BUY SREI INFRA SL 73 TGT 78/80/83

INTRADAY TIPS FOR 30 MARCH 2010

GOOD MORNING!!!
INDICES HAS HIT THEIR HIGHEST LEVEL IN MORE THAN TWO YEARS ON FIRM GLOBAL INDICIES AND ON THE EXPECTATIONS OF GOOD Q4 RESULTS. THOUGH THE MARKET SPURTED AND INDICIES TRADING IN PREMIUM, THE DAY WAS RECORDED WITH LOW VOLUMES WITH MARKET BREADTH INDICATING A WEAKNESS. HEAVY BUYING IN MARKETS ARE DUE TO FOREIGN FUNDS WHO HAVE MADE HEAVY PURCHASES OF INDIAN STOCKS THIS MONTH. AS PER DATA FROM THE STOCK EXCHANGES, FOREIGN INSTITUTIONAL INVESTORS (FIIS) BOUGHT STOCKS WORTH A NET RS 12716.71 CRORE THIS MONTH, TILL 26 MARCH 2010. ALL IN ALL MARKET GAINED AROUND 20 POINTS AND FUTURES TRADING AROUND 16 POINTS PREMIUM. BANKING, METAL, CONSUMER DURABLES AND AUTO STOCKS LED THE GAINS.

TODAY MARKETS WOULD BE RANGE BOUND UNLESS AND UNTIL THE SPECIFIED LEVELS ARE BREACHED. TODAY IF NIFTY TRADES ABOVE 5325 THEN LIKELY TO TEST 5350 AND BREAK ABOVE WOULD LEAD NIFTY TO 5400 AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5266 THEN LIKELY TO COME DOWN TO 5240 AND BREAK BELOW WOULD TAKE NIFTY TO 5205 ANY CLOSE BELOW 5240 IS CONSIDERED TO BE WEAK AND WE MAY HEAD DOWNSIDE ONE CAN INITIATE SHORT BELOW 5240 ON CLOSING BASIS.
BUY LICHSG SL 875 TGT 890/895/900
BUY NAGARCONS SL 159 TGT 165/168/170
BUY HINDCONS SL 133 TGT 137/138.7/140.6

INTRADAY TIPS FOR 29 MARCH 2010

GOOD MORNING!!!
INDICES HIT THEIR HIGHEST LEVELS AFTER THE BUDGET, OUTLOOK OF MARKET LOOKS STRONG ON HEAVY BUYING FROM FIIS. WITH THE RESLUTS AHEAD MARKET LOOKS ENCOURAGING AS Q4 ADVANCED TAX FIGURES OF TOP COMPANIES INDICATED GOOD RESULTS NOT ONLY THE BUDGET BUT ALSO THE ADVANCED TAX FIGURES ALONG WITH GLOBAL CREDIT RATING AGENCY STANDARD & POORS LASK WEEK RATING FROM NEGATIVE TO STABLE ALSO BOOSTED THE SENTIMENT OF THE MARKET. METALS CONSUMER DURABLES AND AUTO STOCKS LED THE GAINS. THOUGH MARKET BREADTH REMAINS NEGATIVE MARKET HAS BREACHED ALL THE BARRIERS AND CLOSED IN A POSITIVE ZONE. THE NEXT TRIGGER FOR THE MARKET IS FORECAST OF THE SOUTHWEST MANSOON FOR 2010, GOOD RAINS AFTER THE LAST YEARS DROUGHT WILL BOOST FARM OUTPUT AND RURAL INCOMES. BUT IF MANSOON FORECAST TURNS NEGATIVE THEN IT WOULD PUT INFLATIONARY PRESSURE WHICH WILL DEFINITELY HAMPER THE CURRENT STRONG ECONOMIC REBOUNDAND WILL ALSO ADD PRESSURE ON RESERVE BANK TO INCREASE THE INTREST RATES TO CONTAIN THE INFLATION, WHICH WILL TAKE AWAY THE EXCESS LIQUIDITY FROM THE SYSTEM AND WILL ALSO LEAD TO THE SLOWDOWN.

TODAY MARKETS WOULD OPEN POSITIVE. IF NIFTY TRADES ABOVE 5300 THEN LIKELY TO MOVE UP TO 5340 AND IF NIFTY TRADES ABOVE THIS POINT THEN NIFTY LIKELY TO TEST 5400 LEVELS AND ANY CLOSE ABOVE 5350 WOULD TAKE NIFTY TO NEW HIGHS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5240 THEN LIKELY TO COME DOWN TO 5205 LEVELS AND BREAK BELOW 5200 WOULD TAKE NIFTY TO 5160 ANY CLOSE BELOW 5240 WOULD BE CONSIDERED WEAK FOR NIFTY ONE SHOULD GO SHORT ONLY BELOW 5200 AND ONE IS ADVISED TO EXIT LONGS BELOW 5240 ON CLOSING BASIS. ONE CAN HOLD THIER LONG POSITIONS AS LONG AS NIFTY IS HOLDING 5200 LEVELS, CONSERVATIVE TRADERS CAN EXIT LONG POSITIONS IF NIFTY CLOSES BELOW 5240 LEVELS.

BUY AMTEK AUTO SL 185.4 TGT 193.5/198/203
BUY BANK INDIA SL 319 TGT 327/329/332
BUY UTTAM GALVA STEEL SL 110 TGT 122/125/127
BUY EKC SL 122 TGT 125/127/129
BUY KFA SL SL 47.40 TGT 51.50/52.9/55

POSITIONAL TRADES
BUY SCI CMP 154.75 TGT 180/190/200
BUY ANSAL PROPERTIES CMP 73.45 TGT 81/84/89
BUY EXIDE CMP 116.55 TGT 125/128/136
BUY MSP STEEL & POWER CMP 36.20 TGT 44/50/59

INTRADAY TIPS FOR 26 MARCH 2010

GOOD MORNING!!!
THE MARKET RECOVERED FROM LOWER LEVEL IN EARLY TRADE. HOWEVER, THE INTRADAY RECOVERY PROVED SHORT-LIVED. THE MARKET ONCE AGAIN CAME OFF THE DAY'S HIGH LATER. IT TRIMMED LOSSES IN MID-AFTERNOON TRADE. THE MARKET SURGED IN LATE TRADE AS TRADERS ROLLED OVER POSITIONS IN THE DERIVATIVES SEGMENT FROM THE MARCH 2010 SERIES TO THE APRIL 2010 SERIES AHEAD OF THE EXPIRY AND TRACKING HIGHER EUROPEAN STOCKS AND GAINS IN US INDEX FUTURES. STOCKS ROSE FOR THE SECOND STRAIGHT DAY. BANKING, CAPITAL GOODS, FMCG AND REALTY STOCKS ROSE. THE MARKET BREADTH, INDICATING OVERALL HEALTH OF THE MARKET, TURNED NEGATIVE COMPARED TO POSITIVE BREADTH EARLIER IN THE DAY.
TODAY MARKET WOULD OPEN FLAT, IF NIFTY TRADES ABOVE 5260 THEN LIKELY TO HIT 5300 AND BREAK ABOVE 5300 IS CONSIDERED TO BE BULLISH AND WE MAY SEE IN THE NEAR TERM NIFTY HEADING TOWARDS NEW HIGHS OF THE YEAR SURPASSING THE PREVIOUS HIGHS OF THE YEAR, ANY CLOSING ABOVE 5300 IS CONSIDERED TO BE VERY BULLISH AND ONE IS ADVISED TO STAY INVESTED IF NIFTY CLOSES ABOVE 5300 AND ON THE DOWNSIDE, IF NIFTY TRADES BELOW 5236 THEN IT IS LIKELY TO COME DOWN TO 5205 AND ANY BREAK BELOW THIS POINT WOULD LEAD NIFTY TO 5150 AND CLOSING BELOW 5200 IS CONSIDERED TO BE WEAK FOR NIFTY.

BUY VALECHA ENGG SL 118 TGT 127/132/135.9
BUY WIPRO SL 717 TGT 728/735/741
BUY RPOWER SL 146 TGT 152/154/157
BUY TATASTEEL SL 634 TGT 640/642/646

INTRADAY TIPS FOR 25 MARCH 2010

GOOD MORNING!!!

THE KEY BENCHMARK INDICES SWAYED BETWEEN GAINS AND LOSSES, THE MARKET WAS VOLATILE AS TRADERS ROLLED OVER POSITIONS IN DERIVATIVES SEGMENT FROM THE MARCH 2010 SERIES TO THE APRIL 2010 SERIES AHEAD OF THE EXPIRY. THE MARKET PARED GAINS SOON AFTER AN INITIAL RALLY. THE MARKET FURTHER TRIMMED GAINS IN MORNING TRADE, AFTER MOVING A IN A NARROW RANGE IN MORNING TRADE. THE MARKET ONCE AGAIN MOVED IN A NARROW RANGE IN MID-MORNING TRADE. THE KEY BENCHMARK INDICES RECOVERED FROM LOWER LEVEL AFTER ERASING ALMOST THE ENTIRE INTRADAY GAINS. HOWEVER, THE INTRADAY RECOVERY PROVED SHORT-LIVED. THE MARKET SLIPPED INTO THE RED IN AFTERNOON TRADE. THE KEY BENCHMARK INDICES REGAINED POSITIVE ZONE IN MID-AFTERNOON TRADE. PHARMA STOCKS ROSE AND REALTY SHARES WITNESSED SELLING PRESSURE. OVERALL SENTIMENT ON SECTORIAL INDICIES WERE POSITIVE WITH NINE OUT OF 13 SECTORAL INDICES CLOSING IN GREEN. BUT, THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET, WAS NEGATIVE COMPARED WITH A STRONG BREADTH IN EARLY TRADES ON INTRADAY TERMS. ROLL-OVER IN INDIVIDUAL STOCKS, GTL, NATIONAL ALUMINUM COMPANY, RELIANCE POWER, GTL INFRASTRUCTURE, AND BHARTI AIRTEL, HAVE WITNESSED HIGH ROLLOVER. BUT ROLLOVER WAS LOW IN REC, DISH TV, ESSAR OIL, ITC AND WELSPUN-GUJARAT STAHL ROHREN TILL MONDAY. FOLLOWING THE PASSAGE OF THE LANDMARK HEALTHCARE BILL, MULTINATIONAL FIRMS MAY NOW BE WILLING TO PUT MORE MONEY TO BUY INTO INDIA'S FORMULATIONS COMPANIES. THE HEALTHCARE BILL IS THE US GOVERNMENT'S ATTEMPT TO REDUCE HEALTHCARE COSTS. THE OBAMA ADMINISTRATION WOULD MAKE A NEARLY $1-TRILLION COMMITMENT IN TAXPAYER MONEY OVER THE NEXT DECADE TO HELP AN ESTIMATED 32 MILLION UNINSURED AMERICANS GET HEALTH COVERAGE. THE BILL ALSO PROMOTES USE OF GENERIC DRUGS THAT ARE OFTEN ONE-TENTH THE PRICE OF THE ORIGINAL VERSION, BUT HAS THE SAME IMPACT. ANALYSTS OPINE THAT THIS WOULD TRANSLATE INTO HUGE OPPORTUNITIES TO INDIAN COMPANIES AS INDIA HAS THE LARGEST NUMBER OF US FOOD AND DRUG ADMINISTRATION APPROVED PHARMA PLANTS OUTSIDE THE US. INDIA WAS AMONG THE 14 COUNTRIES NAMED IN THE CONGRESS DISCUSSION THAT CAN OFFER LOW-COST DRUGS TO ACHIEVE LOWER HEALTHCARE COSTS
TODAY MARKET MAY OPEN FLAT WITH HIGH VOLATALITY ON THE FUTURES CONTRACT SETTLEMENT CLOSING FOR THE MONTH OF MARCH. TODAY IF NIFTY TRADES BELOW 5207 ONE CAN TAKE UP SHORT POSITION FOR A TARGET OF 5171 AND THEN TO 5140 AND ANY CLOSING BELOW 5200 IS CONSIDERED TO BE WEAK AND LIKELY TO TEST 5105 LEVELS TOO. ON THE UPSIDE IF NIFTY TRADES ABOVE 5261 LEVELS THEN WE MAY SEE NIFTY TO HEAD TOWARDS 5300 AND BREAK ABOVE THIS POINT WOULD LEAD NIFTY TO FURTHER NEW HIGHS OF THE YEAR AND ONE CAN REMAIN LONG IF NIFTY CLOSES ABOVE 5300. IF NIFTY CLOSES ABOVE 5261 THEN ONE IS ADVISED NOT TO STAY SHORT.

FEW POSITIVE SCRIPS: AUROBINDO PHARMA, BANK OF BARODA, LANCO INFRA, NAGARJUNA CON, PIRAMAL HEALTH, PETRONET

NEGATIVE SCRIPS: FINANTECH, IDEA, POLARIS AND SCI

BUY TATA ELXSI (I) LTD SL 329.9 TGT 348/374/400 (POSITIONAL)
BUY AGRO DUTCH INDS SL 19.9 TGT 21/21.90/22.7
BUY HANUNG SL 194 TGT 209/217/234
BUY VAKRANGEE SL 101 TGT 110/114/120
BUY CAIRN SL 288 TGT 300/305/309
APIL SL 596 TGT 614/620/628