INTRADAY TIPS FOR 08.05.09

MARKET LOOKS HIGHLY VOLATILE TODAY THE VOLATALITY INDEX IN THE MARKET IS VERY HIGH. TODAY MARKET WOULD FACE MAJOR RESISTANCE SEEN AROUND 3730-3760 ONE CAN SHORT AT THESE LEVELS WITH STOPLOSS OF 3780. MARKET LOOKS BEARISH ONLY IF IT BREACHES 3624 AND CLOSES THE DAY, ONE CAN CONTINUE TO STAY SHORT IN NIFTY IF IT CLOSES BELOW 3624.

BUY MARUTI ABOVE 842.5 SL 836 TGT 859
BUY MLL ABOVE 42 SL 41.5 TGT 44
BUY SAL STEEL ABOVE 9.25 SL 8.5 TGT 10.3/11
BUY ELECTCAST WITH SL 22 TGT 40 HOLD FOR FEW DAYS
BUY TATASTEEL FUTURES AT 296 SL 291 TGT 304/309

SELL TATACOMM BELOW 560 SL 564 TGT 549

INTRADAY TIPS FOR 07 MAY 2009

YESTERDAY WITH PROFIT BOOKING AND AWAITED US BANKS STRESS TEST RESULT OUR MARKETS WERE IN THE PHASE OF SELL OFF. WE HAVE WITNESSED SELL OFF MAJORLY IN BANKING SECTOR, WITH THE POSITIVE IMPACT OF THE US BANK STRESS TEST AND WITH THE POSITIVE OUTLOOK OF THE GLOBAL INDICIES MARKET HAS NOT GIVEN UP THE HOPE OF FURTHER UPMOVE. THIS KIND OF NEWS(US STRESS TEST) IN THE POSITIVE MAREKT WILL HELP THE STOCKS TO TAKE LITTLE RETRACEMENT FOR FURTHER UP MOVE. SECTORS LIKE MEDIA AND FERTILIZERS ARE LOOKING GOOD AND WITH THE POSITIVE IMPACT OF US BANK STRESS TEST MAY ALSO FAVOUR BANKING SECTOR.

FOR TODAY MARKETS WILL BE VOLATILE ON A POSITVE BIAS, IF NIFTY IS BELOW 3614 ONE CAN PREFER TO EXIT LONGS AND STAY SHORT WITH LOW VOLUMES AND IF NIFTY BREACHES 3600 THEN ONE CAN GO SHORT AND IF NIFTY BREACHS 3580 ON CLOSING BASIS ONE CAN STAY SHORT AND CAN SEE NIFTY TO TEST 3500 LEVELS IMMEDIATELY. ON THE UPSIDE THOUGH THE MARKETS MAY NOT BE ENCOURAGING AT THIS STAGE, ONE CAN GO LONG ONLY ABOVE 3680 ON POSITIONAL BASIS ONE CAN USE THIS LEVEL FOR ENTRY IF THIS LEVEL CROSSES THEN WE CAN SEE FURTHER UPSIDE TILL 3715 TO 3760.

BUY RELIANCEINFRA FUTURES AROUND 806 SL 799 TGT 820/836/844**
BUY BANKOFINDIA FUTURES ABOVE 230 SL 225 TGT 240/247/254
BUY NTPC FUTURES AROUND 195 SL 192.80 TGT 200/202
BUY IFCI FUTURES ABOVE 27 SL 25.90 TGT 29
SELL MARUTI FUTURES BELOW 808 SL 817.4 TGT 800/786
SELL JP ASSOCIATES FUTURES BELOW 136.80 SL 139.60 TGT 133/130

INTRADAY TIPS FOR 06 MAY 2009

MARKETS WERE PURELY RANGE BOUND SEEMS TO BE IN THE PHASE OF CONSOLIDATION THIS KIND OF CONSOLIDATION AFTER A GOOD MOVE WILL MAKE THE MARKET TO BE RANGE BOUND FOR ANOTHER COUPLE OF DAYS AND THEN MAY GIVE CLEAR INDICATION ABOUT THE TREND. MARKETS AT THIS JUNCUTRE LOOKING VERY BULLISH AND MAY HEAD TOWARDS 3750 IN NEAR TERM THIS IS CONSIDERED TO BE THE RESISTANCE FOR THE NIFTY. WE HAVE SEEN SOME FRESH OPEN INTREST BUILD UP IN THE FRONT END STOCKS WHICH IS AGAIN A BULLISH SIGN FOR THE MARKETS. WE HAVE ALSO WITNESSED HUGE VOLUME BASED BUYING IN SMALL AND MEDIUM CAP STOCKS, WHICH CLEARLY STATES THAT THERE IS FURTHER SCOPE OF UPSIDE IN THE NEAR TERM.

THOUGH MARKET SEEMS TO BE BULLISH ONE CANNOT RULE OUT ANY DOWNSIDE WHICH IS GOING TO COME LIKE HURRICANE. SO THE RISK OF HOLDING ANYTHING NAKEDLY IN THIS MARKET MAY EAT AWAY ALL THE GAINS MADE SO HEDGE YOUR POSITIONS TO CERTAIN EXTENT ATLEAST BY 1:5 OF YOUR CAPITAL. FOR TODAY MARKETS WOULD REMAIN RANGE BOUND. THE LEVELS ONE HAS TO WATCH ARE FOR NIFTY ARE SUPPORT AT 3542 RESISTANCE AT 3772. NIFTY WOULD REMAIN BETWEEN 3620-3705.

BUY SUZLON ABOVE 73 SL 71 TGT 76/78
BUY RNRL ABOVE 62 SL 60.80 TGT 64/67/69
BUY NMDC CMP SL 205 TGT 225/232 ---> CAN HOLD POSITIONALLY
SELL HDFC BELOW 1858 SL 1882 TGT 1827/1785
SELL HDIL BELOW 171 SL 174.90 TGT 167/161/157
SELL APIL BELOW 345 SL 353 TGT 335

OPTIONS
BUY ICICIBANK 540 PA AROUND 30-35 SL 18 TGT 65/80 CAN HOLD DELV
BUY TATAMOT 240 PA AROUND 6-7 SL 4 TGT 15/20/30 CAN HOLD DELV

INTRADAY TIPS FOR 05.04.09

GOOD MORNING!

MARKET HAS ACTED AS TOLD AND REACHED OUR ULTIMATE TARGETS. WITH THE HUGE RALLY OF YESTERDAY, MARKET MAY OPEN IN POSITIVE NOTE BUT MAY NOT SUSTAIN IT FOR LONG TIME IN THE INTRADAY AND EXPECTED TO BE VERY VOLATILE, ONE CANNOT RULE OUT THAT MARKET IS BULLISH, MARKET ARE BULLISH AND REMAIN TO BE IN THE SAME DIRECTION AND MAY REACH A TARGET OF 3700-3750 THIS WEEK. NIFTY HAS STRONG SUPPORT AT 3515 IF BREACHES ONE CAN THINK OF EXITING FROM THE EXISTING POSITIONS AND GOING SHORT WILL BE FAVOURABLE ONLY AND ONLY WHEN NIFTY BREACHES 3460.

BUY HDFC BANK FUTURES SL 1184 SL 1240
BUY HDFC FUTURES SL 1944 TGT 2010
BUY ICICIBANK FUTURES SL 513 TGT 545/560
BUY ITC FUTURES SL 204 TGT 210
BUY STERLITE INDUSTRIES FUTURES SL 471 TGT 490/497
SELL BANK OF INDIA FUTURES SL 242.80 TGT 223
SELL MTNL FUTURES SL 70.70 TGT 68.60/67.5
SELL EDUCOMP FUTURES SL 2357 TGT 2300/2240

COMMODITY TIPS FOR 04 MAY 09

SELL CRUDE AROUND 2645 TGT 2601/2570 SL 2683

TIPS FOR 04 MAY 09

GOOD MORNING!

MARKET SENTIMENT REMAINS BULLISH, FOR TODAY MARKETS WILL BE POSITIVELY BIASED BE CAUTIOUS IN THE SELLING SIDE TRY TO BE ON THE POSITIVE SIDE OF THE MARKET FOLLOW THE TREND. MARKET IS EXPECTED TO GO UP TILL 3750 BEFORE THE DECLARATION OF THE RESULTS. NIFTY IF CROSSES 3520 WOULD TRIGGER IT MOVE TO 3555-3670 LEVELS. IT AND SUGAR SECTOR SEEN AS GOOD SPACE FOR BUYING FOR INTRADAY.

BUY RPOWER FUTURS SL 123 TGT 126/128/130
BUY BANKBARODA SL 329 TGT 340/345
BUY INFOSYS SL 1494 TGT 1540/1570
BUY UNITECH SL 43.10 TGT 46/48

TIPS FOR 29.04.09

MARKETS ON THEIR FINAL DAY OF EXPIRY OF THE CONTRACTS, IT WOULD REMAIN HIGHLY VOLATILE WITH NEGATIVE BIAS. EVEN IF THERE IS LITTLE BUYING SEEN INITIALLY MAY NOT SUSTAIN DURING THE DAY. BE EXTREMELY CAUTIOUS ABOUT TAKING POSITIONS, TRADE LESS AND WISE. NIFTY HAS STRONG SUPPORT AT 3317 AND RESISTANCE AT 3430. NIFTY IF BREACHES 3370 WE MAY SEE FURTHER UPSIDE TILL 3430 AND IF IT CLOSES ABOVE 3400 WE MAY SEE A RALLY FOR THE NEXT FEW SESSIONS AND IF NIFTY CLOSES BELOW 3300 THEN WE CAN SEE FURTHER DOWNSIDE BEFORE ANY UP MOVE IN THE MARKET.

BUY GMRINFRA FUTURES ABOVE 109 SL 107.4 TGT 112.3
BUY IDFC FUTURES AROUND 68 SL 66 TGT 70/71.5/73
BUY BRFL FUTURES ABOVE 167.5 SL 164.4 TGT 171/174
SELL MCDOWELL FUTURES 705 SL 711 TGT 685/676
SELL SBIN FUTURES BELOW 1234 SL 1251 TGT 1205/1191
SELL SIEMENS FUTURES BELOW 292 SL 296 TGT 286/283/280
SELL RELCAP FUTURES BELOW 490 SL 504 TGT 482/474/466