INTRADAY TIPS FOR 12 MAY 2011

GOOD MORNING!!!

MARKETS GOT OFF TO A QUIET START SHRUGGING LEADS FROM THE ASIAN EQUITY INDICES WHICH MOSTLY TRADED ON A POSITIVE NOTE AS INVESTORS IN THE REGION LARGELY REMAINED INFLUENCED BY THE WALL STREET WHICH EXTENDED UPTREND FOR THIRD STRAIGHT SESSION ON THE BACK OF GOOD EARNINGS ANNOUNCEMENTS AND SOME BIG CORPORATE DEALS. AFTER HITTING INTRADAY LOWS IN THE EARLY HOURS, THE FRONTLINE INDICES PARED ALL THE LOSSES AND MOVED INTO THE GREEN ZONE ON THE BACK OF BUYING IN REAL ESTATE, AUTOMOBILE AND METAL STOCKS. HOWEVER, THE SESSION LARGELY REMAINED CHARACTERIZED BY CHOPPINESS AS INVESTORS SEEMED RELUCTANT TO PILE UP HEFTY POSITIONS AHEAD OF IIP AND WPI DATA ALONG WITH THE OUTCOME OF ASSEMBLY POLLS DUE THIS WEEK AND INDULGED ONLY IN STOCK CENTRIC ACTIVITIES THROUGH THE SESSION.

TODAY MARKETS WOULD OPEN NEGATIVE AND CONTINUE TO REMAIN UNDERPRESSURE, IF NIFTY TRADES BELOW 5540 THEN LIKELY TO BE UNDER PRESSURE AND WOULD TAKE A MINOR SUPPORT AROUND 5520 LEVELS BREACH BELOW THIS WOULD TAKE NIFTY DOWN TO CRUCIAL SUPPORT OF 5500 POST WHICH, IT WOULD BLEED DOWN TO 5450 LEVELS ANY CLOSE BELOW 5500 LEVELS WE MAY HEAD DOWN MUCH FURTHER AND ONE IS ADVISED NOT TO TAKE ANY FRESH POSITIONS. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5576 ONE CAN SEE SOME AMOUNT OF PULL BACK RALLY TO 5592 LEVELS AND ONLY ABOVE 5600 ONE CAN INITIATE A FRESH BUY. ONE HAS TO BE VERY CAREFUL AHEAD OF INFLATION FIGURES ALONG WITH IIP DATA TO COME IN THE LATE AFTERNOON AND RESULTS OF POLLS WHICH ARE TO BE DECLARED TOMORROW WOULD DEFINE THE DIRECTION OF THE MARKETS. SO ONE IS ADVISED TO STAY CAUTIOUS.

INTRADAY TIPS FOR 11 MAY 2011

GOOD MORNING!!!

KEY INDICES GOT OFF TO A QUIET START TRACKING POSITIVE VIBES FROM THE ASIAN EQUITY INDICES WHICH MOSTLY TRADED ON A POSITIVE NOTE INFLUENCED BY THE OVERNIGHT GAINS IN WALL STREET WHICH EXTENDED THEIR LAST WEEK GAINS ON SUPPORT OF REBOUND IN THE COMMODITY PRICES. INVESTORS STARTED TO CASH IN ON POSITIONS FROM THE HIGHER LEVELS, LACKING CONVICTION THAT THE MARKETS MAY BE ABLE TO SUSTAIN THE INITIAL OPTIMISM AND SELLING GATHERED PACE IN THE MID NOON SESSION AS INVESTORS SQUARED OFF POSITIONS FROM THE BANKING AND CONSUMER DURABLES COUNTERS. EVENTUALLY THE BOURSES SNAPPED YET ANOTHER SESSION ON A FLAT NOTE WITH MARGINAL CUTS. BREADTH OF THE MARKETS REMAINED NEGATIVE. MARKETMEN AT LARGE REMAINED PRECAUTIOUS AHEAD OF IIP AND WPI DATA ALONG WITH THE OUTCOME OF ASSEMBLY POLLS DUE THIS WEEK AND INDULGED ONLY IN STOCK CENTRIC ACTIVITIES THROUGH THE SESSION. THE UNDERTONE CONTINUED TO REMAIN CAUTIOUS AMID MACROECONOMIC HEADWINDS LIKE INFLATIONARY PRESSURE AND RISING BORROWING COSTS PUMMELING INTEREST RATE SENSITIVE BANKING SECTOR STOCKS. MIXED CORPORATE EARNINGS ANNOUNCEMENT BY HEAVYWEIGHTS AND PLOUGH BACK OF FII FUNDS FROM THE DOMESTIC MARKETS TOO DID NOT GO DOWN WELL WITH LOCAL INVESTORS.

TODAY MARKETS WOULD OPEN FLAT AND RANGE BOUND AND CONTINUE TO REMAIN UNDER PRESSURE ON EVERY UPSIDE, IF NIFTY TRADES ABOVE 5573 THEN LIKELY TO MAKE AN UPMOVE TO 5591 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKE IT FURTHER UPSIDE TO 5626 LEVELS AND ANY CLOSE ABOVE 5600 IS CONSIDERED TO BE A POSITIVE SIGN IN THE NEAR TERM IN NIFTY. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5540 THEN LIKELY TO MAKE ITS DOWNSIDE MOVE TO 5519 AND THEN TO 5500 AND ANY BREAK BELOW 5500 WOULD NOT ONLY WEAKEN BUT ONE CAN INITIATE FRESH SHORTS IN THIS REGION LIKELY TO COME DOWN TO 5462 LEVELS. ONE CAN STAY SHORT IN NIFTY IF IT TRADES BELOW 5500 LEVELS.

POSITIONAL TRADES
BUY BATA TGT 600

INTRADAY TIPS FOR 10 MAY 2011

GOOD MORNING!!!

AFTER A SMART BOUNCE BACK IN THE LAST SESSION IT WAS TOTALLY A SESSION OF CONSOLIDATION AS WE HAVE SEEN INVESTORS WERE VERY RELUCTANT TO BUILD ANY POSITIONS AHEAD OF IIP DATA AND THE OUTCOME OF ASSEMBLY POLLS SCHEDULED TO BE ANNOUNCED LATER THIS WEEK. TODAY THE TRADING SESSION WAS COMPLETELY DOMINATED BY VOLATILITY AS TRADERS UTILIZED EVERY SMALL RISE TO CAPITALIZE. WE HAVE SEEN LACK OF CONVICTION BY FII’S AS THEY ARE STILL ON A NEGATIVE TRACK WHICH IS HURTING THE SENTIMENT OF THE INVESTORS ON THE LONG RUN, THEY ARE RELENTLESSLY PLOUGHING BACK THEIR FUNDS FROM THE MARKETS ON EXPECTATIONS THAT MACROECONOMIC HEADWINDS WILL EAT IN TO THEIR RETURNS IN THE TIME TO COME AND FORCE THE STOCK MARKETS TO UNDERPERFORM. INITIALLY MARKETS GOT OFF TO AN OPTIMISTIC START ON THE BACK OF SUPPORTIVE CUES FROM SOME OF THE ASIAN MARKETS WHICH INFLUENCED BY THE OPTIMISTIC CLOSE OF WALL STREET ON THE BACK OF BETTER THAN ANTICIPATED US PAYROLLS DATA ON THE LAST TRADING DAY. BUYING GATHERED SOME PACE IN THE INITIAL HOURS OF SECOND HALF AS INVESTORS COVERED THEIR SHORT POSITIONS HOWEVER, PROFIT BOOKING AT HIGHER LEVELS EVENTUALLY LED THE BOURSES TO SNAP THE SESSION AROUND PREVIOUS CLOSING LEVELS. BREADTH OF THE MARKETS REMAINED NEGATIVE.

TODAY MARKETS WOULD OPEN FLAT AND REMAIN RANGE BOUND. IF NIFTY TRADES ABOVE 5574 THEN LIKELY TO MAKE AN UPMOVE TO 5592 LEVELS AND ANY BREACH ABOVE THIS POINT WOULD TAKE NIFTY TO 5618 LEVELS AND THEN TO 5634 LEVELS, ANY CLOSE ABOVE 5600 WOULD BE CONSIDERED AS A GOOD BUY FOR THE NEXT SESSION. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5550 THEN LIKELY TO MAKE A SLIDE DOWN TO 5525 LEVELS AND BREACH BELOW THIS WOULD TAKE NIFTY TO 5503 AND ANY TRADE BELOW 5500 WOULD TAKE NIFTY TO MUCH LOWER LEVELS, IF TRADED BELOW 5500 THEN LIKELY TO SEE IMMEDIATELY AT 5470 LEVELS IF NIFTY CLOSES BELOW 5500 WE CAN SEE SOME MORE SLIDE IN THE DAYS AHEAD. ONE SHOULD BE CAREFUL BELOW 5500 AND ABOVE 5600 THIS 100 POINT BAND IS CRUCIAL FOR THE NIFTY IN THE DAYS AHEAD.

BUY HINDUSTAN UNILEVER SL 283 TGT 290/294/297
BUY BATA(I) SL 450 TGT 463/471/476
BUY SUMEET INDS SL 40 TGT 42.50/44/46

POSITIONAL TRADES
BUY MAN INDS TGT 125*
BUY COAL INDIA TGT 450*
BUY FEDERAL BANK SL 395 TGT 458/500*

INTRADAY TIPS FOR 09 MAY 2011

GOOD MORNING!!!

INDIAN MARKETS EMERGED EXULTANT AFTER ULTIMATELY BREAKING THE NINE BACK TO BACK SESSION DECLINING STREAK, THE LONGEST IN A DECADE, AND RETURNED BACK TO THE PATH OF RESURGENCE. THE FRONTLINE INDICES WITNESSED A RELIEF RALLY AS BEARS RAMPAGE WAS FINALLY BROUGHT TO A STANDSTILL AND BULLS SHOWCASED THEIR ENTHUSIASM ON A DAY WHEN STOCK MARKETS ACROSS THE GLOBE EXHIBITED BEARISH TREND. ESPECIALLY CRUDE OIL, STIMULATE GREAT DEAL OF ZEAL AMONG LOCAL INVESTORS, WHO LATELY KEPT TAKING MONEY OFF THE TABLE SESSION AFTER SESSION ON FEARS OF SPIRALING INFLATIONARY PRESSURE. THE FOUR SESSION DOWNTREND IN INTERNATIONAL CRUDE OIL PRICES, AFTER HITTING A 31-MONTH HIGH LEVEL LAST WEEK, GAVE A FILLIP TO STOCKS IN THE OIL AND GAS AND AIRLINE SECTORS WHICH ARE LARGELY LOOK ON INTERNATIONAL CRUDE PRICES. INITIALLY INDICES GOT OFF TO AN OPTIMISTIC START DESPITE THE SOMBER LEADS FROM MARKETS ACROSS THE GLOBE AS ASIAN MARKETS PROLONGED THEIR GLOOMY RUN ON BEING INFLUENCED BY THE OVERNIGHT WALL STREET WHICH EXTENDED ITS FALL ON THE BACK OF DECLINE IN THE COMMODITIES AND AN UNEXPECTED INCREASE IN THE UNEMPLOYMENT BENEFIT CLAIMS. THE MARKETS TRIED TO CAPITALIZE ON THE INITIAL MOMENTUM IN THE MORNING SESSION OF TRADE HOWEVER, IN THE EARLY AFTERNOON SESSION INDICES WENT ON TO TOUCH INTRADAY LOW LEVELS. BUT A STRONG SHORT COVERING RALLY FROM THE LOW POINT OF THE DAY ON THE BACK OF BOTTOM FISHING IN BADLY BUTCHERED RATE SENSITIVE COUNTERS HELPED THE INDICES TO EVENTUALLY SETTLE WITH GAINS. BREADTH OF THE MARKETS REMAINED POSITIVE AT THE CLOSE OF THE TRADE.

TODAY MARKETS WOULD OPEN FLAT TO POSITIVE AND CONTINUE TO BE UNDER PRESSURE AT EVERY HIGHER LEVELS, IF NIFTY TRADES ABOVE 5568 THEN LIKELY TO MOVE UP TO 5589 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5628 LEVELS AND ANY BREAK ABOVE THIS WOULD TAKE NIFTY TO 5654 LEVELS. ANY CLOSE ABOVE 5600 IS A GOOD SIGN FOR THE MARKETS AND WOULD MOVE FURTHER UPSIDE IN THE WEEK AHEAD. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5546 THEN LIKELY TO COME DOWN TO 5524 AND THEN TO 5481 AND ANY BREAK BELOW THIS POINT WOULD TAKE NIFTY 5450 LEVELS ANY CLOSE BELOW 5500 WOULD BE VERY WEAK IN THE WEEK AHEAD. STAY EXTREMELY CAUTIOUS ON THE UPSIDE AS NIFTY IS STILL WEAK ON THE POSITIONAL BASIS ONE HAS TO WAIT AND WATCH TILL NIFTY BREAKS 5600 LEVELS, ONE IS ADVISED NOT TO HOLD LONG POSITIONS OVERNIGHT IF NIFTY DOESN’T CLOSE ABOVE 5600 LEVELS.

BUY VIKASH METAL & POWER SL 18.90 TGT 19.80/20.65/21.40

INTRADAY TIPS FOR 06 MAY 2011

GOOD MORNING!!!

INDICES EXTENDED THE SORROW OF CLOSING IN THE RED TERRAIN FOR THE NINTH STRAIGHT SESSION. MARKETS GOT OFF TO A FLAT OPENING TRACKING THE GRAVE ASIAN MARKETS WHICH PROLONGED THEIR GLOOMY RUN AS SENTIMENTS LARGELY REMAINED INFLUENCED BY THE OVERNIGHT WALL STREET WHICH DECLINED ON CONCERNS OF JOBS MARKET AND SOME WEAK EARNINGS AND ECONOMIC REPORTS. THE INDICES SHOWED SOME SIGNS OF RECOVERY INITIAL IN THE MORNING SESSION BUT COULD NOT HOLD ANY LONGER AS THE PROFIT BOOKING AT HIGHER LEVELS TOOK ITS TOLL ON THE INDICES. PANIC SELLING IN THE INITIAL HOURS OF SECOND HALF PROVED COSTLY FOR THE BOURSES WHICH COULD NOT RECOUP THE LOSSES IN THE REST OF THE SESSION. THOUGH SOME SHORT COVERING WAS WITNESSED IN THE DYING HOURS OF TRADE, HOWEVER, THE RISE WAS UTILIZED BY BEARS TO TAKE PROFITS OFF THE TABLE AND BATTER THE BENCHMARKS TO THE SESSION’S LOWEST POINT BY THE END OF TRADE.

TODAY MARKETS WOULD REMAIN NEGATIVE AND CONTINUE TO BE UNDER PRESSURE, IF NIFTY TRADES BELOW 5448 THEN LIKELY TO COME DOWN TO 5419 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY DOWN TO 5387 LEVELS AND FURTHER TO 5365 LEVELS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5470 THEN WOULD MOVE UP TO 5500 LEVELS AND ANY BREAK ABOVE THIS LEVELS WOULD TAKE IT TO 5530 LEVELS AND ABOVE THAT 5574, ANY CLOSING ABOVE 5574 LEVELS IT WOULD CHANGE THE TREND IN THE MARKETS FROM NEGATIVE ZONE TO THE POSITIVE TERRITORY. ANY CLOSE BELOW 5365 WOULD TAKE NIFTY TO MUCH LOWER LEVELS.

INTRADAY TIPS FOR 05 MAY 2011

GOOD MORNING!!!

MARKETS AS THEY CONTINUED THEIR DECLINE FOR THE EIGHTH STRAIGHT SESSION, THE ONLY RESPITE CAME WITH THE DECLINE BECOMING LESS SEVERE FOR THE DAY. IT WAS A RANGE-BOUND DAY OF TRADE AND SLIGHTLY VOLATILE TOO. MARKETS OPENED ON A NEGATIVE NOTE TRACKING THE FEEBLE GLOBAL CUES FROM THE REGIONAL MARKETS. MARKETS TOOK STRONG SUPPORT AROUND THE CRUCIAL SUPPORT LEVELS IN NIFTY, THE TRADE REMAINED RANGE BOUND AND SLUGGISH LACKING POSITIVE TRIGGERS, BUT IN THE LATE AFTERNOON WE HAVE SEEN SOME SUDDEN BOUNCE BACK IN THE MARKETS WITH SHORT COVERING WHICH TOOK INDICES INTO GREEN FOR A BRIEF PERIOD BUT COULDN’T WITHSTAND MUCH AS THE INVESTORS LACKED CONFIDENCE IN THE MARKETS AS THEY TOOK OFF THE PROFITS FROM THE TABLE AT HIGHER LEVELS LEADING TO AGAIN A DOWNFALL, SOME HEAVY WEIGHTS TOO LOST THEIR MOMENTUM IN THE FINAL HOURS, UNABLE TO GIVE ANY SUPPORT TO THE MARKETS WHICH GOT DRAGGED LOWER.

TODAY MARKETS WOULD OPEN NEGATIVE AND REMAIN IN A NARROW RANGE BOUND. IF NIFTY TRADES BELOW 5517 THEN LIKELY TO MAKE ITS DOWNSIDE JOURNEY TO 5477 AND ANY BREACH OF THIS LEVEL WOULD TAKE NIFTY TO 5450 LEVELS AND THEN TO 5416 LEVELS. WE ARE STILL ON THE NEGATIVE TERRAIN AND CONTINUE TO BE UNDER PRESSURE TILL SOME BUYING INTEREST IS SEEN FROM FOREIGN INSTITUTIONAL INVESTORS AS THEY ARE CONTINUOUSLY ON THE SELLING SPREE. ON THE POSITIVE SIDE AS THE BREADTH ON THE POSITIONAL AND SHORT TERM IS NEGATIVE, POSITIVE BREADTH ON THE INTRADAY BASIS IS CONSIDERED ONLY IF NIFTY TRADES ABOVE 5565 LEVELS WE CAN SEE NIFTY TO MOVE UP TO 5582 LEVELS AND THEN TO 5618 LEVELS. AVOID HOLDING LONG POSITIONS.

INTRADAY TIPS FOR 04 MAY 2011

GOOD MORNING!!!

MARKETS GOT TREMORS AND SHOCKWAVES ACROSS THE BOURSES AFTER THE RBI’S POLICY WAS ANNOUNCED, THE POLICY MADE DALAL STREET SIMPLY BLEED. WHICH HAS NOT ONLY TRIGGERED LOT OF SHORT POSITIONS IN THE MARKETS BUT ALSO HAS PROVOKED MARKET PARTICIPANTS TO RUTHLESSLY SQUARE OFF THEIR POSITIONS ESPECIALLY FROM RATE SENSITIVE COUNTERS. THIS IS STRAIGHT SEVENTH TRADING SESSION WHERE WE HAVE SEEN MARKETS TRAVELLING SOUTH WARDS IN EVERY PHASE OF TRADING SESSION IT SEEMED LIKE THERE IS NO END TO THE DECLINE IN THE MARKETS, THE RBI’S 50 BPS HIKE IN REPO AND REVERSE REPO RATES MARKED ITS NINTH ATTEMPT TO EASE THE SPIRALING INFLATIONARY PRESSURE ON THE ECONOMY. THE RBI POLICY HIGHLIGHTED ITS WORRIES OVER THE CURRENT LEVELS OF INFLATION WHICH IT FORECAST WILL REMAIN ELEVATED THRU THE FY 2012 AND PEGGED IT AT AROUND 6% WITH AN UPWARD BIAS. THE BANK RATE AND CRR RATES WERE LEFT UNCHANGED BY RBI, HOWEVER IT UNEXPECTEDLY HIKED SAVINGS BANK RATE TO 4% FROM 3.5%, WHICH PROMPTED INVESTORS TO TRIM DOWN THEIR POSITIONS FROM BANKING STOCKS AS THEY FEARED THAT INCREASE IN INTEREST RATES WILL PUT PRESSURE ON THE NET INTEREST MARGINS OF BANKS. MOREOVER, THE CENTRAL BANK HAS FORECAST INDIA’S ECONOMIC GROWTH TO BE IN THE RANGE OF 7.4% TO 8.5% SIGNIFICANTLY LOWER THAN THE FORECAST OF 9% BY PM'S ECONOMIC ADVISORY COUNCIL, WHICH SPOOKED THE INTERESTS OF FOREIGN INVESTORS TOO. THE FII’S CONTINUED TO PLOUGH BACK THEIR FUNDS FROM DOMESTIC MARKETS ON EXPECTATIONS THAT MACROECONOMIC HEADWINDS WILL EAT IN TO THEIR RETURNS IN THE TIME TO COME AND FORCE THE STOCK MARKETS TO UNDERPERFORM. INITIALLY MARKETS GOT OFF TO A PESSIMISTIC OPENING AS LOCAL INVESTORS REMAINED EXTREMELY CAUTIOUS AHEAD OF RBI’S ANNUAL MONETARY POLICY MEET WHILE LEADS FROM THE ASIAN AND OVERNIGHT US MARKETS TOO REMAINED UNSUPPORTIVE. THE FRONTLINE INDICES GYRATED IN AN EXTREMELY NARROW RANGE FOR THE FIRST COUPLE OF HOURS HOWEVER THE BOURSES WITNESSED AN INESCAPABLE FREEFALL THEREAFTER AS THE RATE SENSITIVE COUNTERS LIKE BANKING, AUTOMOBILE AND REAL ESTATE BRUTALLY DRAGGED THE FRONTLINE INDICES. IN A THE ABSENCE OF ANY SHORT COVERING RALLY, THE SOUTHBOUND JOURNEY CONCLUDED ONLY WITH THE CLOSE OF TRADING SESSION AROUND THE LOW POINT OF THE DAY AFTER TAKING A NASTY BLOW. MARKETS PLUMMETED ON EXTREMELY LARGE VOLUMES BREADTH OF THE MARKET REMAINED ABYSMAL

TODAY MARKETS WOULD OPEN NEGATIVE AND TRADE IN A RANGE BOUND. IF NIFTY TRADES BELOW 5560 THEN WOULD COME DOWN TO 5513 LEVELS AND BREACH BELOW THIS POINT WOULD TEST 5466 AND ANY BREAK IN BELOW THIS POINT WOULD WILL FIND SUPPORT ONLY AT 5375 LEVELS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5585 THEN LIKELY TO MOVE UP TO 5621 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5657 LEVELS. IF NIFTY RECOVERS ONE HAS TO BEAR IN MIND THAT THE LOWEST POINT OF THE DAY HAS BE BROKEN IN ORDER TO INITIATE FRESH SHORTS, THIS WOULD BE VERY CRUCIAL. THE BIGGEST CHALLENGE IN MARKETS IS, FII’S ARE NOW AT SELLING SPREE TILL THE TIME THEY COME FORWARD TO SHOW SOME INTEREST ONE IS ADVISED NOT TO HOLD TOO MANY OPEN POSITIONS ON THE POSITIVE SIDE.

INTRADAY TIPS FOR 03 MAY 2011

GOOD MORNING!!!

IT TURNED TO BE YET ANOTHER TUMULTUOUS DAY OF TRADE FOR THE INDIAN STOCK MARKETS WHICH GOT THRASHED FOR THE SIXTH STRAIGHT SESSION TO END. INDICES GOT OFF TO AN OPTIMISTIC OPENING AS LEADS FROM THE ASIAN MARKETS REMAINED SUPPORTIVE SINCE INVESTORS SHOWED RENEWED FERVOR AFTER REPORTS THAT AL QAEDA’S ELUSIVE LEADER OSAMA BIN LADEN IS DEAD AND HIS BODY WAS RECOVERED BY US AUTHORITIES. BUT THE FRONTLINE INDICES FAILED TO KEEP THEIR HEAD ABOVE THE WATER AND SLIPPED IN THE NEGATIVE TERRAIN IN JUST MATTER OF SECONDS AND CONTINUED TO BLEED THEREAFTER. THE BOURSES SHOWED SOME SIGNS OF RECOVERY IN THE LATE MORNING SESSION AMID A SLEW OF ECONOMIC LEADS BUT FAILED TO GAIN ANY KIND OF MOMENTUM AND DIVED YET AGAIN AND THIS TIME DEEPER INTO THE RED TERRITORY. VOLUMES WERE NOT OF GREAT CONCERN BUT THE MARKET BREADTH WAS WEAK.

TODAY MARKETS WOULD OPEN NEGATIVE AND CONTINUE TO BE UNDER PRESSURE UNTIL NIFTY CROSSES 5762 IS BROKEN ON THE UPSIDE FOR INTRADAY TERMS. IF NIFTY TRADES BELOW 5704 THEN LIKELY TO COME DOWN TO 5668 LEVELS AND ANY FUTHER BREACH BELOW THIS POINT WOULD TAKE NIFTY DOWN TO 5618 ANY CLOSE BELOW THIS LEVEL WOULD DIRCTLY TAKE SUPPORT AT 5578 LEVELS. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5762 THEN LIKELY TO MOVE UPTO 5787 AND THEN TO 5805 LEVELS AND ANY CLOSE ABOVE 5805 LEVELS WOULD ELEVATE NIFTY TO FURTHER UPSIDE. SINCE THERE IS RBI POLICY REVIEW TODAY THERE MAY BE VERY HIGH VOLATILITY OF TRADES TO TAKE PLACE SO AVOID TAKING HEAVY POSITIONS AND STICK WITH LITTLE WIDER STOPLOSS AND CONTINUE TO HOLD THE POSITION AND ONCE THE STOPLOSS IS HIT TRY TO REVERSE THE TRADE AND CONTINUE TO HOLD IF NIFTY TRADES POSITIVE AT THE END OF THE DAY THEN LIKELY TO TAKE-OFF FROM THAT LEVELS.

INTRADAY TIPS FOR 02 MAY 2011

GOOD MORNING!!!

MARKETS ARE BEING SLAUGHTERED, SESSION AFTER SESSION DUE TO FEEBLE CORPORATE EARNINGS ANNOUNCEMENT AND FRAGILE MACROECONOMIC BACKDROP. THE FRONTLINE INDICES PASSED THROUGH AN EXTREMELY UNSTABLE DAY THOUGH THEY MANAGED FEW BRIEF STINTS INTO POSITIVE TERRITORY ONLY TO SUCCUMB TO UNRELENTING PROFIT BOOKING BY INVESTORS. THOUGH THE FRONTLINE INDICES TRIED HARD TO KEEP THEIR HEAD ABOVE THE WATER IN THE MORNING SESSION BUT SELLING EMERGED ON EVERY ATTEMPT TO MOVE ABOVE THE NEUTRAL LINE AS CONTINUOUS DISAPPOINTING RESULT ANNOUNCEMENTS BY MAJOR COMPANIES HIT SENTIMENTS. INDICES SNAPPED THE FIRST DAY OF A NEW F&O SERIES ON A DISAPPOINTING NOTE AS JITTERY INVESTORS SEEMED HELPLESS AMID AN INCREASINGLY VULNERABLE DOMESTIC SETUP. ON ONE HAND SPIRALING INTERNATIONAL CRUDE OIL PRICES HAVE BECOME THE HEADACHE OF POLICYMAKERS WHILE ON THE OTHER WORRIES OVER GLOBAL ECONOMIC RECOVERY LOOM LARGE GIVEN THE FACT THAT WORLD’S BIGGEST ECONOMY CONTINUES TO GROW AT A TEPID PACE. MARKET PARTICIPANTS ALSO RESORTED TO BROAD BASED POSITION SQUARING IN RATE SENSITIVE COUNTERS LIKE REALTY AND BANKEX AS THEY FELT THAT RBI WILL NOW BE FORCED TO ADOPT MORE AGGRESSIVE STANCE IN ITS ANNUAL MONETARY POLICY REVIEW MEET ON MAY 3RD.

TODAY MARKETS WOULD OPEN FLAT AND RANGE BOUND AND WOULD BE UNDER TREMENDOUS PRESSURE AT EVERY INCLINE. IF NIFTY TRADES BELOW 5733 THEN WOULD DROP DOWN TO 5700 LEVELS AND ANY BREAK BELOW THIS POINT WOULD TAKE NIFTY TO 5668 AND THEN TO 5618 LEVELS AND ANY BREACH BELOW 5600 LEVELS WOULD TAKE NIFTY TO 5555 LEVELS. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5776 THEN WOULD TAKE NIFTY TO 5830 LEVELS AND BREAK ABOVE THIS POINT WOULD FURTHER TAKE NIFTY TO 5887 LEVELS. BE CAUTIOUS WHEN NIFTY IS ON THE UPSIDE AS EVERY POSSIBILITY THAT NIFTY MAY SLIDE DOWN IN TRADE SINCE WE HAVE MONETARY POLICY REVIEW TOMORROW. BANKING AND REALITY WOULD BE UNDER TREMENDOUS PRESSURE AND WE MAY SEE STOCK SPECIFIC MOVES IN THE MARKETS.

BUY ASIAN PAINTS SL 2768 TGT 2800/2822/2858
BUY TITAN INDS SL 3986 TGT 4100/4200/4300/4400

INTRADAY TIPS FOR 29 APRIL 2011

GOOD MORNING!!!

IT TURNED OUT TO BE ANOTHER PATHETIC TRADING SESSION FOR THE MARKETS WHICH GOT POUNDED BY AROUND A PERCENTAGE POINT ON THE SETTLEMENT DAY OF APRIL SERIES. THE KEY INDICES EXTENDED THE THREE DAY DECLINING STREAK FOR THE FOURTH CONSECUTIVE SESSION AS THE SELLING PRESSURE GATHERED GREATER MOMENTUM AFTER GOVERNMENT RELEASED THE DISAPPOINTING FOOD INFLATION NUMBERS WHICH STAYED ABSOLUTELY FLAT AT 8.76% ON ANNUAL BASIS DURING WEEK-ENDED APRIL 16 COMPARED WITH 8.74% RECORDED IN THE PREVIOUS WEEK. WITH THE DOWNWARD TREND OF FOOD INFLATION COMING TO A HALT IN RECENT WEEKS, AND CORE INFLATION SHOWING A CONSIDERABLE UPTIC IN THE MONTHS OF FEBRUARY AND MARCH 2010, INFLATION CONTINUES TO REMAIN AT HIGHLY UNCOMFORTABLE LEVELS, MAKING THE GROWTH-INFLATION MIX INCREASINGLY COMPLEX AND THE JOB OF RESERVE BANK OF INDIA (RBI) INCREASINGLY DIFFICULT. MARKET PARTICIPANTS RESORTED TO BROAD BASED POSITION SQUARING AS THEY FELT THAT RBI WILL NOW BE FORCED TO ADOPT MORE AGGRESSIVE STANCE IN ITS ANNUAL MONETARY POLICY REVIEW MEET ON MAY 3RD.

TODAY NIFTY WOULD OPEN FLAT TO NEGATIVE AND CONTINUE TO BE UNDER PRESSURE IN THE ENTIRE DAY. IF NIFTY TRADES BELOW 5787 THEN LIKELY TO COME DOWN TO 5710 LEVELS AND ANY BREACH WOULD DRIFT DOWN TO MUCH LOWER TO ALMOST 5600 LEVELS SO ONE HAS TO BE VERY CAUTIOUS IN THE MARKET IF NIFTY BREAKS BELOW 5700 LEVELS. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5830 THEN ONE CAN SEE SOME POSITIVE WAVE IN THE NIFTY AND CAN TAKE NIFTY TO 5876 LEVELS AND THEN TO 5900 LEVELS BUT NIFTY IS UNDER GOOD PRESSURE SO ONE HAS TO WAIT AND WATCH THAN GOING LONGS IN THE NIFTY.

INTRADAY TIPS FOR 28 APRIL 2011

GOOD MORNING!!!

INDICES GOT OFF TO A POSITIVE OPENING TRACKING POSITIVE LEADS FROM THE ASIAN MARKETS, UNDERPINNED BY OVERNIGHT WALL STREET RALLY, SUPPORTED BY GOOD EARNINGS NUMBER AND BETTER THAN EXPECTED US CONSUMER CONFIDENCE DATA. THE FRONTLINE INDICES TRIED HARD TO KEEP THEIR HEAD ABOVE THE WATER BUT CONSTANT DISAPPOINTING RESULT ANNOUNCEMENTS BY MAJOR COMPANIES WEIGHED DOWN SENTIMENTS. THE INDICES DRIFTED DEEPER INTO THE RED TERRAIN AS POSITION SQUARING IN REALTY AND BANKING STOCKS INTENSIFIED IN THE AFTERNOON TRADE. THE PERSISTENT WEAKNESS ON HEAVYWEIGHT COUNTERS SUCH AS RELIANCE INDUSTRIES AND ICICI BANK SOON DRAGGED THE MARKETS TO INTRADAY LOW LEVELS AND ALL ATTEMPTS TO PULL BACK FROM THOSE LEVELS WENT IN VAIN. THE BOURSES EVENTUALLY SNAPPED THE SESSION ON A PESSIMISTIC NOTE AND EXTENDED THE DECLINING STREAK FOR THE THIRD STRAIGHT SESSION. MARKET BREADTH REMAINED NEGATIVE.

TODAY NIFTY WOULD OPEN FLAT AND RANGE BOUND. IF NIFTY TRADES ABOVE 5850 THEN LIKELY TO MOVE UP TO 5882 AND THEN TO 5900 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5918 AND BREAK ABOVE THIS WOULD TAKE FURTHER UPSIDE IN NIFTY. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5830 THEN LIKELY TO TRADE DOWN TO 5800 LEVELS AND ANY BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5757 LEVELS, IF NIFTY BREAKS 5700 ON THE DOWNSIDE WE CAN SEE A VERY DEEP DRIFT IN NIFTY AND ON THE UPSIDE IF NIFTY BREAKS 6000 WE CAN SEE A GREAT SURGE. SO ONE SHOULD KEENLY WATCH 5700 AND 6000 BOTH ON DOWSIDE AND UPSIDE

BUY ONGC SL 310 TGT 313.60/315.80/317
BUY EDUCOMP SL 473 TGT 478/482/487
BUY TATA CHEM SL 388 TGT 393/396/402
BUY KAJARIA CERAMICS SL 83.50 TGT 86/88/90

INTRADAY TIPS FOR 27 APRIL 2011

GOOD MORNING!!!

INDICES GOT OFF TO A QUIET START AS INVESTORS REMAINED CAUTIOUS TRACKING ASIAN EQUITIES WHICH WITNESSED HEAVY BOUTS OF PROFIT BOOKING ON THE BACK OF THE MIXED CORPORATE EARNINGS ANNOUNCEMENTS ON OVERNIGHT WALL. THE INDICES SLIPPED DEEPER IN TO THE RED ZONE AFTER THE FLAT OPENING, AS ACROSS THE BOARD POSITION SQUARING GATHERED MOMENTUM IN THE MORNING TRADE. HOWEVER, AFTER HITTING INTRADAY LOW LEVELS IN THE EARLY AFTERNOON SESSION THE MARKETS STAGED A SMART RECOVERY AND EVEN WENT ON TO STEAL A LOOK INTO THE GREEN TERRITORY TRACKING POSITIVE TRIGGERS FROM EUROPEAN MARKETS AND BETTER THAN EXPECTED RESULTS FROM THE CEMENT MAJORS AND REBOUND IN TELECOM STOCKS RESULTED IN SENTIMENT TURNAROUND AS INVESTORS COVERED SHORT POSITIONS NOT ONLY IN ACC, ULTRATECH BHARTI AIRTEL AND RCOM BUT ALSO IN BANKING AND AUTO HEAVYWEIGHTS LIKE SBI, ICICI BANK, TATA MOTORS AND BAJAJ AUTO, BUT SLIGHT PROFIT BOOKING IN A FEW BLUE-CHIP STOCKS IN THE DYING MOMENTS LED THE BOURSES TO EVENTUALLY SNAP THE SESSION ON A FLAT NOTE WITH A NEGATIVE BIAS. MARKETS HAVE REGISTERED VERY STRONG VOLUMES ON THE SECOND DAY OF F&O EXPIRY WEEK BUT BREADTH OF THE MARKET STILL REMAINED NEGATIVE.

TODAY MARKETS WOULD OPEN POSITIVE AND RANGE BOUND. IF NIFTY TRADES ABOVE 5900 THEN LIKLEY TO MOVE UP TO 5940 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6000 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO MUCH HIGHER LEVELS. AS 6000 LEVELS BEING VERY CRUCIAL ONE CAN LOOK AT SHORTING NIFTY WHEN NIFTY IS JUST BELOW 6000 LEVELS WITH A STOPLOSS OF 6000. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5876 THEN LIKELY TO MAKE ITS JOURNEY DOWNWARDS TO 5833 AND THEN TO 5800 AND ANY BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 5760 LEVELS. SINCE WE ARE IN THE LAST LEGS OF EXPIRY FOR THIS MONTH WE MAY SEE VERY VOLATILE AND CRAZY MOVEMENT IN THS MARKETS. STAY CAUTIOUS.

BUY APIL SL 621 TGT 640/650/670
BUY TRIVENI SL 107.75 TGT 110/112/114
BUY VIKASH METAL & POWER SL 17.60 TGT 18.70/19.30/20.50
BUY UFLEX SL 200 TGT 211/218/228*
BUY VENKYS (I) SL 719 TGT 750/770/800*
BUY JINDAL SAW SL 209 TGT 211.80/213.70/217*

INTRADAY TIPS FOR 26 APRIL 2011

GOOD MORNING!!!

INDICES GOT OFF TO A QUIET OPENING AS CAUTIOUS INVESTORS LACKED CONVICTION TO PILE UP POSITIONS LACKING SIGNIFICANT LEADS. BELOW EXPECTATION FIGURES FROM INDEX HEAVY-WEIGHT RELIANCE INDUSTRIES AND AXIS BANK DURING THE WEEKEND DRAGGED THE MARKET IN THE RED INITIALLY HOWEVER; THE BOURSES WENT AHEAD TO TEST THE 5,900 LEVELS WHICH ONCE AGAIN PROVED AS A STIFF RESISTANCE FOR THE INDICES AS THE MARKET GAVE UP SOME GAINS WITH A FEW BLUE-CHIP STOCKS RETREATING ON PROFIT TAKING. THEREAFTER THE INDICES TRADED IN A STIFF RANGE AROUND THE NEUTRAL LINE BUT SOON AFTER SENTIMENTS GOT WEIGHED DOWN IN THE DYING HOURS OF TRADE AS UPDATES FROM THE 2G CASE TRIAL HIT HEADLINES PROMPTING INVESTORS TO BOOK PROFITS IN SCAM LINKED SHARES LIKE RCOM, UNITECH AND DB REALTY, SOME POSITION SQUARING IN THE LATE HOURS EVENTUALLY BROUGHT THE INDICES MARGINALLY BELOW PREVIOUS CLOSE. THOUGH THE VOLUMES WERE VERY LESS THE BREADTH OF THE MARKET REMAINED NEGATIVE.

TODAY NIFTY WOULD OPEN FLAT TO NEGATIVE AND RANGE BOUND, NIFTY TO BE UNDER PRESSURE ON EVERY INCLINE. IF NIFTY TRADES BELOW 5885 THEN LIKELY TO COME DOWN TO 5857 LEVELS AND BREACH BELOW THIS LEVEL WOULD DRAG DOWN NIFTY TO 5840 LEVELS AND FURTHER BREACH OF THIS LEVEL WOULD WEAKEN NIFTY AND HEAD TOWARDS 5800 LEVELS, ONE CAN STAY SHORT IF NIFTY BREACHES 5840 LEVELS AND TRADES AND IF NIFTY CLOSES BELOW 5840 ONE CAN RETAIN SHORTS FOR THE NEXT TRADING DAY. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5930 ONLY THEN ONE IS ADVISED TO GO LONG AND ABOVE 5930 NIFTY LIKELY TO MOVE UP TO 6000 AND MAY FACE TOUGH RESISTANCE OVER THERE AND ONCE IF 6000 LEVELS ARE BROKEN THEN WE CAN SEE NIFTY TO MOVE UP MORE THAN 400 POINTS FROM THERE ON. ONE CAN GO SHORT AT HIGHER LEVELS AS THERE IS EVERY CHANCE OF DECLINE ON THE FOLLOWING REASONS
1. CRUDE SURGING, OIL PRICE LIKELY TO INCREASE PHENOMENALLY
2. RESULTS NOT REALLY VERY GREAT ACROSS MANY OF THE COUNTERS.
3. RBI LIKELY TO INCREASE THE RATES DURING ITS POLICY MEET IN THE FIRST WEEK OF MAY
4. INFLATION LIKELY TO SURGE ON ACCOUNT OF FUEL PRICE INCREASE.
5. POLITICAL ISSUES.
ONE IS ADVISED TO STAY CAUTIOUS ON THE LONGS CONSIDERING THE ABOVE FACTORS.

BUY THOMAS COOK SL 61 TGT 63/64/66
BUY WELSPUN (I) SL 63.50 TGT 66.90/68.70/71.85
BUY TRF SL 626 TGT 666/694/735

INTRADAY TIPS FOR 25 APRIL 2011

GOOD MORNING!!!

ON THURSDAY MARKETS GOT OFF TO A GAP UP OPENING AS IT CARRIED FORWARD THE ENTHUSIASM, AFTER THE SHARP RALLY OF PREVIOUS DAY AS INVESTORS’ MOOD REMAINED UPBEAT FOLLOWING THE RALLY IN ASIAN AND OVERNIGHT WALL STREET, SUPPORTED BY HEFTY GAINS IN TECHNOLOGY COUNTER AND REPORTS OF LARGER THAN PREDICTED RISE IN US EXISTING HOME SALES NUMBERS. AFTER THE FIRM OPENING, THE FRONTLINE INDICES CAPITALIZED ON THE INITIAL MOMENTUM AND WENT ON TO TEST THE RESISTANCE OF 5,900 LEVELS WHICH PROVED AS A STIFF RESISTANCE LEVELS FOR THE INDICES AS THEY ONCE AGAIN FALTERED AFTER INCHING CLOSER TO THOSE LEVELS AS THE MARKET GAVE UP SOME GAINS WITH A FEW BLUE-CHIP STOCKS RETREATING SLIGHTLY ON PROFIT TAKING. THEREAFTER INDICES OSCILLATED IN A NARROW RANGE THROUGH THE SECOND HALF OF TRADE AND ENDED ON A POSITIVE NOTE OF AROUND HALF A PERCENT GAINS IN THE INDICES, EVEN THOUGH MARKET BREADTH OF SLIGHTLY NEGATIVE MANAGED TO CLOSE POSITIVE.

TODAY MARKETS WOULD BE RANGE BOUND AND CONTINUE TO BE UNDER PRESSURE, WE CAN WITNESS SOME SELLING TO COME IN ANY TIME DURING THE MARKETS ON EVERY UPSIDE. IF NIFTY TRADES ABOVE 5930 ONE CAN GO LONG AND CONTINUE TO HOLD AS NIFTY LIKELY TO INCH HIGHER, IF NIFTY TRADES ABOVE 5930 THEN WE CAN SEE NIFTY TO MOVE UP TO 5958 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5975 AND THEN TO 6000 LEVELS WOULD ACT AS A TOUGH RESISTANCE, BUT ANY BREAK ANY DAY ABOVE 6000 LEVELS WOULD TAKE NIFTY TO 6400 LEVELS IMMEDIATELY IN A VERY SHORT SPAN OF TIME. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5885 ONE CAN SEE NIFTY TO 5850 AND THEN TO 5828 LEVELS , IF NIFTY TRADES BELOW 5828 THEN WE CAN SEE 5806 TO 5800 BUT IF NIFTY BREAKS THIS LEVELS THEN LIKELY TO COME DOWN TO 5870 LEVELS, BREAK BELOW 5870 LEVELS WE CAN SEE FURTHER WEAKNESS IN NIFTY.

BUY STERLITE INDS SL 178 TGT 180.40/181.40/183
BUY SESAGOA SL 321 TGT 326/330/335
BUY GESHIPPING SL 289 TGT 292.70/295/297.80
BUY RAIN COMMODITIES SL 169 TGT 175/180/184
BUY VST INDS SL 880 TGT 927/959/1000
BUY MRF SL 7396 TGT 7670/7848/8000
NOTE: BUY THE ABOVE RECOMMENDATIONS ONLY IF THEY OPEN POSITIVE

INTRADAY TIPS FOR 21 APRIL 2011

GOOD MORNING!!!

INDICES GOT OFF TO GOOD START AS SENTIMENTS REMAINED SANGUINE, THANKS TO ENCOURAGING LEADS FROM THE ASIAN AND OVERNIGHT US MARKETS WHICH REBOUNDED ON THE BACK OF BETTER THAN EXPECTED EARNINGS ANNOUNCEMENTS BY BLUE-CHIP STOCKS ALONG WITH SOME GOOD US HOME CONSTRUCTION REPORT. THE FRONTLINE INDICES, AFTER THE STRONG OPENING, GYRATED IN A TIGHT RANGE THROUGH THE FIRST HALF OF TRADE. BUT THE INDICES SLIPPED TO THE LOW POINT OF THE DAY AFTER REPORTS OF TRIAL COURT REJECTING BAIL TO 5 ACCUSED IN 2G CASE HIT HEADLINES. HOWEVER, AFTER SOME JITTERS, THE BENCHMARKS STABILIZED AND JUMPED BACK WITH GREATER CONVICTION. THOUGH MARKETS JUMPED UP BY 2% THE BREADTH OF THE MARKET REMAINED WEAK

TODAY MARKETS WOULD OPEN POSITIVE AND MAY WOULD REMAIN ON THE POSITIVE SIDE ONLY IF RELIANCE AND TATA MOTORS COME OUT WITH A DECENT SET OF NUMBERS ELSE MARKETS WOULD COME DOWN. STAY CAUTIOUS AT HIGHER LEVELS AROUND 5900 LEVELS. IF NIFTY TRADES ABOVE 5875 THEN LIKELY TO MOVE UP TO 5901 AND THEN TO 5933 LEVELS, AND ANY BREAK ABOVE 5933 MAY HAVE A SLIGHT RESISTANCE AROUND 5950 BUT ONCE THIS IS BREACHED WE MAY HEAD TO 6000 LEVELS. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5864 LEVELS THEN LIKELY TO MAKE ITS WAY DOWN TO 5827 AND THEN TO 5774 LEVELS AND ANY TRADE BELOW THIS LEVEL WOULD DRAG NIFTY TO 5705 LEVELS. BE CAUTIOUS IN THE MARKETS AS CRUDE IS INCHING HIGHER.

BUY TRIVENI ENGG SL 104 TGT 107.75/109.50/111.20
BUY HCL TECH SL 520 TGT 531/536/546
BUY APIL SL 605 TGT 620/633/639
BUY SUBEX SL 79.40 TGT 83/85/89

POSITIONAL TRADES

BUY IBREAL TGT 185

INTRADAY TIPS FOR 20 APRIL 2011

GOOD MORNING!!!

INDICES STARTED THE DAY ON A CAUTIOUS NOTE TRACKING THE ASIAN INDICES WHICH CRUMBLED IN THE MORNING TRADE, FOLLOWING THE OVERNIGHT PLUNGE ON WALL STREET AFTER S&P RAISED CONCERN ABOUT US’ DEBTS AND AFTER S&P’S WARNING TO DOWNGRADE US CREDIT RATING FROM AAA AND REVISION IN ITS CREDIT OUTLOOK TO NEGATIVE. INDICES WENT THROUGH AN EXTREMELY UNSTABLE SESSION OF TRADE, THE FRONT LINE STOCKS LACKED CONVICTION RIGHT FROM THE INITIAL MOMENTS OF TRADE AND WENT AHEAD TO HIT THE LOW POINT OF THE DAY IN THE MID MORNING SESSION. AFTER HITTING INTRADAY LOWS THE INDICES SOON HIT INTRADAY HIGH LEVELS WITHIN AN HOUR BUT FAILED TO CAPITALIZE ON THE MOMENTUM AMID HIGH VOLATILITY. THEREAFTER, THE BOURSES CONTINUED TO GYRATE AROUND THE NEUTRAL LINE TO EVENTUALLY SNAP THE SESSION IN THE GREEN ZONE WITH MARGINAL GAINS. BREADTH OF THE MARKETS REMAINED NEGATIVE

TODAY MARKETS WOULD OPEN POSITIVE AND RANGEBOUND. IF NIFTY TRADES ABOVE 5765 THEN LIKELY TO MOVE UP TO 5802 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5832 LEVELS AND THIS WOULD ACT AS GOOD RESISTANCE IN THE MARKETS. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5750 THEN LIKLEY TO COME DOWN TO 5718 AND BREAK BELOW THIS POINT WOULD DRAG NIFTY TO 5700 AND ANY BREAK BELOW 5700 WOULD TAKE NIFTY TO 5674 AND THEN TO 5600 LEVELS. ONE HAS TO BEAR IN MIND THAT NIFTY MAY NOT REALLY COME DOWN BELOW 5600 LEVELS ONE CAN START ACCUMULATING ON EVERY DECLINE FROM HERE ON AS WE MAY LIKLEY TO INCH HIGHER. WE HAVE SEEN VERY STOCK SPECIFIC MOVES IN THE MARKETS IN THE LAST COUPLE OF SESSIONS WHICH WOULD REMAIN THE SAME IN THE MARKETS FOR A BRIEF PERIOD OF TIME TILL THE RESULTS ARE FULLY OUT AS INVESTORS AS LITTLE APPREHENSIVE.

BUY DCB SL 61 TGT 63.80/65/67
BUY SUBEX AZURE SL 71.75 TGT 74/76/79
BUY KEI INDS SL 29.40 TGT 30.80/31.25/31.90

INTRADAY TIPS FOR 19 APRIL 2011

GOOD MORNING!!!

MARKETS STARTED THE DAY ON A POSITIVE NOTE TRACKING THE ASIAN INDICES WHICH MOSTLY TRADED IN GREEN ZONE AS INVESTORS SHRUGGED OFF UNPLEASANT REPORTS OF YET ANOTHER ANTI-INFLATIONARY MOVE BY CHINA, INDICES WERE ENERGETIC AS LEADS FROM THE US REMAINED OPTIMISTIC. AFTER THE FLAT START THE BENCHMARKS CAPITALIZED ON THE INITIAL MOMENTUM ON THE BACK OF SUSTAINED BUYING ACROSS THE BOARD. HOWEVER, THE INDICES TOOK A SHARP U-TURN AFTER TOUCHING RESISTANCE LEVELS OF 5,920, MARKET PARTICIPANTS RESORTED TO BROAD BASED POSITION SQUARING ON THE BACK OF MOUNTING INFLATIONARY PRESSURE WHICH THEY FELT WILL FORCE RBI TO ADOPT MORE AGGRESSIVE STANCE IN ITS ANNUAL MONETARY POLICY REVIEW MEET ON MAY 3RD. ABSENCE OF SUPPORTIVE LEADS FROM THE MARKETS ACROSS THE GLOBE TOO DID NO GOOD FOR THE LOCAL SENTIMENTS. THE WILT IN INTERNATIONAL CRUDE OIL PRICES BECAUSE OF DEMAND SIDE WORRIES TOO WENT UNNOTICED AS INVESTORS CONTINUED TO BOOK PROFIT AND PUNISHED THE TECHNOLOGY BELLWETHER INFOSYS FOR THE SECOND STRAIGHT DAY FOR ITS DISAPPOINTING EARNINGS AND GUIDANCE FOR FY12. WHILE PROFIT BOOKING IN BANKING HEAVYWEIGHT STOCK LIKE HDFC BANK AHEAD OF ITS QUARTERLY EARNINGS ANNOUNCEMENT LATER IN THE DAY LED TO PROFIT BOOKING IN OTHER BANKING MAJORS AND WITH THE ABSENCE OF ANY SHORT COVERING RALLY, THE BOURSES CONTINUED THEIR FREEFALL ONLY TO SETTLE AROUND THE LOWER LOWS OF THE DAY THE BREADTH OF THE MARKET REMAINED NEGATIVE AND CLOSED MUCH BELOW THE SUPPORT LEVELS.

TODAY MARKETS WOULD OPEN NEGATIVE TRACKING THE GLOBAL CUES. IN THE LAST TRADING SESSION WE HAVE SEEN THAT NIFTY HAS BROKEN THE CRUCIAL SUPPORT WHERE NIFTY LIKELY TO TRAVEL DOWN TO 5660 LEVELS ON THE BROAD LINES. ON INTRADAY PERSPECTIVE IF NIFTY TRADES BELOW 5725 THEN LIKELY TO COME DOWN TO 5660 LEVELS AND BREAK BELOW 5660 WE WOULD TRAVEL DOWN TO 5630 LEVELS AND WE MAY TAKE MAJOR SUPPORT AT 5600 LEVELS IF NIFTY BREAKS DOWN 5630. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5760 ONE CAN TAKE LONG POSITION ON INTRADAY FRONT FOR A TARGET OF 5796 AND THEN BREAK ABOVE THAT POINT WOULD TAKE IT TO 5845. LAST DAY WE HAVE WITNESSED HUGE SELLING WITH GOOD VOLUMES SO ONE HAS TO BE CAUTIOUS TAKING LONG POSITIONS.

INTRADAY TIPS FOR 18 APRIL 2011

GOOD MORNING!!!

A BREAK WITH A NASTY BLOW IN INDICES LED BY DREADFUL INFOSYS RESULTS, THE FLAVOR OF A HECTIC EARNING SEASON TURNED BITTER RIGHT FROM THE VERY START AND THE FRONTLINE INDICES TOOK A BLOW AFTER IT BELLWETHER INFOSYS REPORTED BELOW EXPECTATION QUARTERLY EARNINGS AND GAVE EVEN LOWER THAN EXPECTED EPS GUIDANCE FOR FY12. MATTER GOT EVEN WORSE WITH THE RELEASE OF SCARY MARCH MONTH INFLATION NUMBERS WHICH SPIRALED TO 8.98% FROM 8.31% IN THE PREVIOUS MONTH, CASTING A GLOOMY SHADOW OVER THE ECONOMY’S OUTLOOK. SURGE IN INFLATION NUMBERS HAS INCREASED THE TROUBLE OF POLICY MAKERS AND THE RBI IS EXPECTED TO ADOPT MUCH MORE AGGRESSIVE STANCE IN ITS ANNUAL MONETARY POLICY REVIEW MEET ON MAY 3RD. IT IS EXPECTED THAT THIS TIME AROUND IT MAY NOT JUST TAKE BABY STEPS BY HIKING BENCHMARK RATES BY JUST 25 BPS INSTEAD IT COULD BITE THE BULLET AND HIKE RATES BY 50 BPS TO COOL THE SPIRALING INFLATION WHICH HAS VEHEMENTLY HOVERED AT ELEVATED LEVELS FOR A LONG TIME NOW. IT WAS ALL-IN-ALL A ROLLERCOASTER RIDE THROUGHOUT THE WEEK WITH UPS AND DOWNS IN THE MARKETS BUT CLOSED IN A NEGATIVE BIAS AT THE END OF THE WEEK. BREADTH OF THE MARKETS REMAINED VERY WEAK AND CLOSED BELOW THE PSYCHOLOGICAL LEVELS.

TODAY MARKETS WOULD OPEN NEGATIVE WITH RANGE BOUND BUT WOULD CONTINUE TO REMAIN UNDER PRESSURE WITH RESULTS STARTING IN A VERY BEARISH NOTE AND WE MAY SEE STOCK SPECIFIC MOVES AHEAD OF THE WEEK WITH THE RESULTS BUT IF WE WITNESS ANY NEGATIVE NEWS IN THE RESULT FROM THE FRONT END COUNTERS WE MAY SEE ANOTHER GREAT RALLY OF SELL-OFF, CURRENTLY MARKETS ARE AT A STAGE OF PANIC WITH THE INFOSYS BLOW IN THE MARKETS FOLLOWED BY YET AGAIN THE OLD TRIPLE I’S VIZ. IIP NUMBERS, INFLATION AND INTEREST RATES WHICH WOULD CONTINUE TO PRESSURIZE THE MARKETS IN THE WEEK AHEAD WITH INVESTORS WOULD RESORT TO BROAD BASED PROFIT BOOKING WITH IIP NUMBERS AND INFLATION FIGURES. IF NIFTY TRADES BELOW 5796 THEN LIKELY TO DIP DOWN TO 5750 LEVELS AND ANY BREAK BELOW THIS POINT WOULD DRAG NIFTY TO FURTHER LOWS AND WEAKEN THE IMMEDIATE TREND IN THE MARKET AND WOULD DRAG NIFTY TO LEVELS MUCH BELOW 5660 LEVELS. ON THE FLIP SIDE IF MARKETS TRADE ABOVE 5860 LEVELS ONLY THEN ONE CAN LOOK AT OPENING A LONG POSITION ON THE INTRADAY TERMS AND IF IT MOVES ABOVE 5860 LEVELS THEN LIKELY TO MAKE ITS JOURNEY TO 5890 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5920 LEVELS, ONE CAN RETAIN LONGS IF NIFTY TRADES CLOSES ABOVE 5900 LEVELS AND ON THE NEGATIVE SIDE IF NIFTY CLOSES BELOW 5785 LEVELS THEN ONE CAN SEE NIFTY TO SLIDE DOWN FURTHER AND ONE CAN HOLD THE POSITIONS OVERNIGHT.

BUY HEROHONDA SL 1824 TGT 1845/1863/1890

BUY UFLEX SL 183 TGT 190/195/199

BUY FEDERAL BANK SL 443 TGT 450/454/457

INTRADAY TIPS FOR 15 APRIL 2011

GOOD MORNING!!!

MARKETS OPENED ON A WEAK NOTE AS LEADS REMAINED SUBDUED FROM THE ASIAN MARKETS WHERE MOST INDICES TRADED BELOW THE NEUTRAL LINE TRACKING DISCOURAGING CUES FROM THE OVERNIGHT US MARKETS WHICH PLUNGED ON THE BACK OF RISING CONCERNS OVER JAPANESE NUCLEAR CATASTROPHE AND ALSO BECAUSE OF THE UNANTICIPATED DROP IN US EXPORTS. SELLING PRESSURE IMMEDIATELY GOT ARRESTED AFTER THE WEAK START AS INVESTORS OPTED TO PILE UP POSITIONS IN THE BEATEN DOWN RATE SENSITIVE AND CAPITAL GOODS COUNTERS. HOWEVER, BUYING GATHERED GREATER MOMENTUM IN RATE SENSITIVE COUNTERS LIKE AUTO AND BANKING AND IT COMPANIES ALONG WITH OTHER BLUE CHIP STOCKS IN THE SECOND HALF OF TRADE AND THE INDICES SAILED BEYOND VARIOUS PSYCHOLOGICAL LEVELS ON THE UPSIDE. EVENTUALLY, THE UPWARD JOURNEY HALTED AROUND THE HIGH POINT OF THE DAY ABOVE THE CRUCIAL 5,900 LEVELS. MARKETS REGISTERED STRONG VOLUMES ALONG WITH THE BREADTH WHICH REMAINED HIGHLY OPTIMISTIC TODAY MARKETS WOULD OPEN SLIGHTLY NEGATIVE AND TRADE RANGE BOUND. IF NIFTY TRADES 5920 THEN LIKELY TO MAKE ITS DOWNWARD JOURNEY TO 5874 LEVELS AND BREAK BELOW THIS POINT WOULD DRAG NIFTY FURTHER DOWNSIDE TO 5830 LEVELS AND ANY BREAK WOULD TAKE DOWN TO 5800 AND ANY BREAK BELOW 5800 ONE CAN RETAIN SHORTS FOR THE NIFTY TO SLIDE FURTHER IN THE NEXT FEW SESSIONS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5950 LEVELS LIKELY TO MAKE ITS JOURNEY TOWARDS 6000 LEVELS AND BREAK AND TRADE ABOVE THIS POINT WOULD TAKE NIFTY TO 6043 LEVELS AND THEN TO 6070 LEVELS AND ANY CLOSE ABOVE 6000 LEVELS WOULD TAKE NIFTY TO 6122 LEVELS.

INTRADAY TIPS FOR 13 APRIL 2011

GOOD MORNING!!!

MARKETS STARTED THE DAY ON A WEAK NOTE TRACKING SUBDUED LEADS FROM THE ASIAN MARKETS MOST MARKETS HAVE COME OFF THE DAY’S HIGH LEVEL ON THE BACK OF PROFIT BOOKING AHEAD OF THE QUARTERLY CORPORATE EARNINGS ANNOUNCEMENTS. AFTER THE WEAK START SELLING PRESSURE GATHERED GREATER FORCE AFTER GOVERNMENT RELEASED WEAKER THAN EXPECTED FEBRUARY IIP NUMBERS WHICH GREW AT A TEPID PACE OF 3.6%, TRIGGERING HEAVY SELL-OFF IN CAPITAL GOODS COUNTER. WHILE THE MARGINAL WILT IN INTERNATIONAL CRUDE OIL PRICES WHICH SPIRALED AT UNCOMFORTABLE LEVELS TOO FAILED TO ENTHUSE THE LOCAL MOOD AS PROSPECT OF LONG-TERM SUPPLY CUTS IN CRUDE OIL UNDERMINED SENTIMENTS. INVESTORS AND TRADERS FEARED THAT RISING OIL PRICES WOULD LEAD TO HEIGHTENED INFLATIONARY PRESSURE WHICH IN TURN WILL COMPEL THE RBI TO TAKE STERN POLICY ACTIONS IN ITS ANNUAL MONETARY POLICY REVIEW MEET NEXT MONTH. THE FRONTLINE INDICES FAILED TO SHOW ANY KIND OF RESILIENCE THEREAFTER AND TRADED NEGATIVE. THE MARKETS SAW POSITION SQUARING THROUGH THE DAY AND EVENTUALLY FINISHED THE DAY’S TRADE AROUND THE DAY’S LOW LEVEL. MARKET BREADTH REMAINED NEGATIVE.

TODAY MARKETS WOULD OPEN NEGATIVE AND CONTINUE TO TRADE ON THE NEGATIVE BIAS. IF NIFTY TRADES BELOW 5800 THEN LIKELY TO COME DOWN TO 5775 AND THEN TO 5750 LEVELS AND ANY BREACH BELOW 5750 WOULD DRAG NIFTY DOWN TO 5695 LEVELS. ONE HAS TO BE CAREFUL AT 5700 LEVELS AS NIFTY LIKELY TO TAKE SUPPORT AROUND THIS LEVELS BUT IF NIFTY CLOSES BELOW THIS POINT THEN WE CAN SEE NIFTY TO COME DOWN TO 5676 LEVELS. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5811 THEN LIKELY TO MOVE UP TO 5848 LEVELS AND IF NIFTY TRADES ABOVE 5850 THEN THE ENTIRE DYNAMICS OF THE MARKETS CHANGE AND WILL TURN POSITIVE. IF NIFTY CLOSES ABOVE 5850 ONE CAN RETAIN LONGS FOR THE NEXT DAY.