INTRADAY TIPS FOR 10 JUNE 2009

GOOD MORNING!!!

MARKETS YESTERDAY BANGED BACK WITH VENGENCE THIS IS THE THIRD TIME MARKET TRIED TO BREAK INTO BEARISH PHASE AND COULD NOT WITH STAND THE POWER OF BULLS. MARKETS AS TOLD IS STRONG ON THE BOTTOM LINE SO ONE NEEDS TO BE VERY CAUTIOUS ON THE NEGATIVE SIDE TILL IT BREACHES THE CRUCIAL SUPPORT LEVELS ALL THE THREE TIMES IT BROKE THE CRUCIAL SUPPORT LEVELS BUT COULD NOT WITHSTAND IT FOR FURTHER WEAKNESS. BULLS WERE DOMINANT FOR THE PAST TWO MONTHS AND REMAIN TO BE DOMINANT AS PER THE MARKET MOVE.

TODAY MARKET WOULD REAMIN HIGHLY VOLATILE WITH POSITIVE BIAS. NIFTY IF CROSSES 4580 THEN IT WOULD HAVE RESISTANCE AT 4600 THEN AT 4640 NIFTY IF MANAGES TO CLOSE ABOVE 4600 THEN WE CAN EXPECT NIFTY TO MOVE TO 4800 IN A VERY SHORT SPAN OF TIME. ON THE DOWN SIDE IF NIFTY BREAKS 4516 AND TRADES THEN WE CAN SEE NIFTY SUPPORT AT 4440.

BUY BAJAJHIND ABOVE 199 SL 194.4 TGT 206/209
BUY LT ABOVE 1568 SL 1554 TGT 1589/1597
BUY TATAPOWER ABOVE 1140 SL 1129 TGT 1154/1168

INTRADAY TIPS FOR 09 JUNE 2009

GOOD MORNING!!!

YESTERDAY NIFTY TOUCHED 4410 LEVELS AND ACHIEVED ALL THE TARGETS SET FOR THE DAY, NIFTY HAS BREACHED GOOD SUPPORT LEVELS YESTERDAY AND IF MANAGED TO BREACH 4366 FOR THE DAY WE CAN SEE THE BEARISH TREND TO CONTINUE FOR ANOTHER COUPLE OF DAYS. MARKET ON THE BOTTOM LINE STILL REMAINS BULLISH THOUGH SHORT TERM TREND IS NEGATIVE ONE CAN KEEP ACCUMULATING STOCKS AT LOWER LEVELS AS WE MAY SEE A GOOD RALLY ONCE AGAIN LITTLE BEFORE BUDGET TO BE ANNOUNCED AND POST BUDGET, BUT IT IS TOO EARLY TO PICK THE STOCKS FOR LONG TERM, ONE CAN SEE FOR ACCUMULATION ONLY WHEN NIFTY REACHES 4288 LEVELS. FOR NOW ONE CAN GO SHORT ON THE SHORT TERM BASIS WITH STOPLOSS AS 4650 FOR A TARGET OF 4288/4150. YESTERDAY THOUGH FEW TOP END STOCKS DIDNT TAKE PART IN THE RALLY MARKET STILL MANAGED TO CLOSE ON THE DAY LOW WHICH IS NOT A VERY GOOD SIGN FOR THE MARKET. IF NIFTY BREAKS DOWN TO 4366 WE CAN SEE MANY MORE FRONT END COMPANIES WILL ADD FUEL TO THE FIRE AND DRAG NIFTY FURTHER DOWNSIDE. ONE SHOULD REAMIAN CAUTIOUS IN THE MARKET AS WE HAVE SEEN IN THE LAST ONE MONTH NIFTY TRIED TO BREAK TWICE BUT MARKET CAME BACK WITH VENGENCE AND CONVERTED FROM BEARISH MODE TO A VERY BULLISH MODE SO I WOULD SUGGEST TO REMAIN ON THE TREND RATHER BEING IN THE SPECULATION MODE, IF NIFTY IS MOVING UP THEN TRY TO EXIT SHORTS ON THE STOPLOSS THAN HOLDING NIFTY MERE SPECULATING.

TODAY IF NIFTY BREACHES 4366 THEN WE CAN SEE ITS NEXT SUPPORT AT 4288 ON THE UPSIDE IF NIFTY MANAGES TO CROSS 4460 THEN WE CAN SEE SOME MORE UPSIDE UPTO 4520 SO STAY LITTLE CAUTIOUS AT EVERY PHASE IN THE MARKET, IF NIFTY MANAGES TO CLOSE IN THE LOWER LEVELS BELOW 4366 THEN WE CAN REMAIN IN SHORTS.

SELL RELCAP BELOW 932 SL 944 TGT 917/906/896
SELL SBI BELOW 1700 SL 1716 TGT 1680/1672/1665
SELL AXIS BELOW 700 SL 711 TGT 685/672/661
SELL HDFC BELOW 2335 SL 2350 TGT 2310/2290/2275
SELL MARUTI BELOW 1054 SL 1066 TGT 1036/1025
SELL LT BELOW 1484 SL 1501 TGT 1462/1450
SELL DLF FUTURES BELOW 368 SL 376 TGT 360/352
BUY DRREDDYS ONLY ABOVE 686 SL 679.5 TGT 708/716/730

INTRADAY FOR 08 JUNE 2009

GOOD MORNING!!!!
MARKETS ARE GOING CRAZY WITHOUT ANY REASON AND NOT WILLING TO GIVE UP AT ANY STAGE ITS NOT ONLY FOLLOWING NEWTONS THIRD LAW RATHER REWRITTEN THE NEW LAW, FOR EVERY DOWNSIDE HAS TO BE EQUAL AND OPPOSITE UPSIDE BUT THE NEW LAW OF MARKET IS FOR EVERY DOWNSIDE IS GIVING DOUBLE THE IMPACT ON THE UPSIDE AND NOW THE MARKETS HAVE COME TO A STAGE WHERE IT IS STANDING AT A PIVOT AND THERE ARE LESS CHANCES OF UPSIDE AND ANY KIND OF NEWS OR PRESSURE FROM ANY DIRECTION WOULD THROW MARKET TO HEARTNING DOWNSIDE IN THE FORM OF RETRACEMENT/CORRECTION/PROFIT BOOKING. MARKET HAS A STRONG RESISTANCE AT 4650 THIS LEVEL CAN BE LOOKED AT FOR ANY KIND OF POSITIONS.

MARKETS TODAY WOULD BE RANGE BOUND AND HIGHLY VOLATILE. TODAY IF NIFTY MANAGES TO CROSS 4636 THEN MAY TAKE NIFTY TO 4680 TO THE MAXIMUM AND ON THE DOWNSIDE IF NIFTY BREAKS 4544 THEN MAY IMMEDIATELY SEE SUPPORT AT 4500 AND IF MANAGES TO TRADE BELOW IT THEN ONE CAN SEE NIFTY AT 4410.

BUY MRPL ABOVE 95 SL 92 TGT 100/103
BUY HEROHONDA ABOVE 1455 SL 1439 TGT 1468/1479

BUY TATAMOTORS ABOVE 388 SL 381 TGT 397/403

POSITIONAL FOR ONE WEEK ONCE YOU GET 10 TO 15% JUST EXIT
BUY SEL MANUFACTURING ABOVE 84 TGT 105
BUY PRITHVI INFOMATION ABOVE 75.50 TGT 96
BUY HALONIX ABOVE 69 TGT 87
BUY SANGHI INDUSTRIES 35.50 TGT 45
BUY OMAX AUTO 38 TGT 48
BUY INDRAPRASTHA MEDICAL 39 TGT 49

POSITIONAL FOR ONE TO TWO MONTHS
BUY COUNTRY CLUB 30 TGT 200
BUY SEAMAC 165 TGT 350
BUY JSWHOLDINGS 800 TGT 2000
BUY ESSARSHIPPING 80 TGT 200
BUY STC 400 TGT 1200
BUY INDRAPARASTHA GAS
BUY GNFC 100 TGT 150

INTRADAY TIPS FOR 05 JUNE 2009

GOOD MORNING!!!

AS EXPECTED YESTERDAY MARKETS HAVE HIT THE FIRST TARGET OF NIFTY AT 4460 WHICH WAS THE CRUCIAL SUPPORT FOR NIFTY. THOUGH THE MARKET REVERSAL ON CARDS WAS NOT PURELY ON SUPPORT BASIS BUT ON THE NEWS BASED IT WAS PURELY ON THE DIVESTMENT NEWS. THERE IS NO GREAT NEWS IN THE MARKET FOR THE PAST COUPLE OF MONTHS EXCEPT THE FORMATION OF NEW GOVERNMENT WITH THE SAME OLD PARTY AND WITH SAME OLD GRAND FATHERS EXCEPT FULL MAJORITY, THERE IS NEITHER A GREAT CHANGE IN THE WORLD ECONOMY NOR THE INDIAN ECONOMY. ONE HAS TO BE VERY CAUTIOUS AFTER A NON STOP MOVE FROM 2700 TO 4600 WHICH IS AROUND 2000 POINTS IN NIFTY WHICH IS CONSIDERED TO BE A VERY VERY VERY HIGH SPIKE AT A GO, SO WOULD ADVICE INVESTORS TRADERS TO STAY CAUTIOUS.

FOR TODAY NIFTY ON THE UP SIDE MAY TEST 4578 AND IF MANAGES TO TRADE ABOVE THEN WILL MOVE TO 4626 AND ON THE DOWNSIDE IF NIFTY WILL FACE SUPPORT AT 4480 AND IF MANAGED TO BREAK BELOW THIS LEVEL THEN CAN EXPECT NIFTY TO SEE GREATER SUPPORT AT 4432 ONE CAN INITIATE SHORT IF NIFTY BREACHES 4480. PHARMA STOCKS AND POWER STOCKS ARE LOOKING GOOD.

BUY NEYVELLIGNITE AT 139 SL 137.40 TGT 142.9/145.40
BUY ACC ABOVE 832 SL 828.70 TGT 845/852
BUY TATACOMM ABOVE 527 SL 517 TGT 540/555
SELL SESAGOA BELOW 162.50 SL 164.10 TGT 158.60/155.10
SELL M&M BELOW 683 SL 691.75 TGT 665/653

INTRADAY TIPS FOR 04 JUNE 2009

GOOD MORNING!!!!!

ANOTHER IMPORTANT DAY IN THE STOCK MARKET, THESE ARE THE CRUCIAL LEVELS IN THE MARKETS, INDICIES MAY TEST GOOD RESISTANCE AT THE CURRENT LEVELS. YESTERDAY SENSEX HAS HIT 15000 MARK AND COULD NOT SUSTAIN MUCH LONGER WHICH IS A CRUCIAL LEVEL FOR THE MARKETS. FOR NIFTY CRUCIAL SUPPORT IS AT 4460 ONCE NIFTY BREACHES THIS LEVEL AND TRADES BELOW IT THEN ONCE CAN EXPECT MARKET TO COME DOWN MUCH MORE. ANY FURTHER UPMOVE IN THIS MARKET SHOULD BE PRECIDED BY AT LEAST SOME CORRECTION FROM THE PRESENT LEVELS. ONE HAS TO BE VERY CAUTIOUS ON THE LONGER TERM BET AT THIS SITUATION. SENSEX IF MANAGES TO GO BEYOND 15000 AND CLOSES THEN ONE CAN EXPECT IT TO MOVE UP BY ANOTHER 500 POINTS TO 15500 AND NIFTY BY ANOTHER 150 POINTS TO 4800 TO THE MAXIMUM AND ON THE DOWNSIDE THE TARGET LOOKS MUCH HIGHER THAN EXPECTED, MARKET MAY NOT GIVE ANY CHANCE TO BOOK PROFITS IF IT STARTS FALLING SO, BE CAUTIOUS IN THE MARKET ON YOUR HOLDINGS TOO. IF MARKET BREACHES 4460 IN NIFTY THEN I WOULD SUGGEST TO EXIT YOUR LONGS TO THE MAXIMUM ON THE CLOSING BASIS.

FOR TODAY MARKETS WOULD BE HIGHLY VOLATILE WITH NEGATIVELY BIASED WE MAY SEE SOME PROFIT BOOKING ON THE FRONT END STOCKS AND THERE WOULD BE LITTLE UPMOVE ON THE STOCK SPECIFIC COUNTERS IN THE MIDCAPS. BANKING SECTOR LOOKS WEAK AND FMCG IS LOOKING GOOD. TODAY IF NIFTY BREACHES 4518 THEN WE CAN SEE NIFTY AT 4460 AND IF MANAGES TO TRADES BELOW IT THEN WE CAN SEE NIFTY AT 4388 AND ON THE UPPER SIDE IF NIFTY MOVE ABOVE 4550 THEN RESISTANCE WOULD COME AROUND 4590 LEVELS. RISK ON THE BUYING SIDE IS MORE WHEN COMPARED TO SELLING SIDE SO STAY LITTLE CAUTIOUS, TRADE WITH STRICT STOPLOSS. DO NOT AVERAGE YOUR POSITIONS ON THE BUYING SIDE. IF YOU ARE A RISKY TRADER BUY FEW PUTS AND RETAIN THEM.

BUY YESBANK ABOVE 135 SL 131.20 TGT 139/144
BUY SUNTV ABOVE 273 SL 269.40 TGT 280/284/292
BUY DCHL ABOVE 85.50 SL 83.90 TGT 89/92
BUY GRASIM ABOVE 2305 SL 2274 TGT 2334/2365/2379
SELL ALLAHABAD BANK BELOW 86 SL 87.60 TGT 83.70/82.10
SELL BANK OF BARODA BELOW 421 SL 426.15 TGT 416/411
SELL BATA BELOW 146 SL 148.60 TGT 143.50/141/136
SELL BANK NIFTY BELOW 7270 SL 7311 TGT 7170/7035/6900

INTRADAY TIPS FOR 03 JUN 2009

GOOD MORNING!!!!

MARKETS ARE NOT GIVING UP AT ANY STAGE THOUGH THEY ARE IN OVER BOUGHT REGION. YESTERDAY EVEN AFTER BEING IN NEGATIVE SIDE FOR THE WHOLE DAY MARKETS WERE UP IN JUST MATTER OF MINUTES, SO ONE SHOULD STAY CAUTIOUS AND BE WITH THE TREND IF YOU ARE WITH THE TREND YOU ARE LIKELY TO BE THE WINNER DONT PRIDICT THE MARKET JUST GO WITH IT. MARKETS ARE LOOKING VERY BULLISH BUT ONE SHOULD STAY CAUTIOUS ABOUT THEIR HOLDINGS. DONT CARRY ANY SHORTS AS MARKETS ARE NOT GIVING ANY CHANCE FOR BEARS ONLY SHORT ANYTHING WHEN YOU GET CONFIRMATION OF CORRECTION. THERE ARE STILL FEW GOOD STOCKS WHICH ARE STILL VIRGINS SO BANK ON THEM TO REAP GOOD BENIFITS.

MARKETS TODAY WOULD OPEN ON A POSITIVE NOTE BUT WILL BE HIGHLY VOLATILE STAY VERY CAUTIOUS. NIFTY IF BREAKS 4550 THEN WILL TAKE IT TO 4600 AND ON THE DOWN SIDE IF IT BREACHES 4500 WILL SEE NIFTY TO SLIDE 4450 - 4430 IF NIFTY FALLS FURTHER AND CLOSES BELOW 4421 THEN ONE CAN RETAIN SHORT POSITIONALLY AND ON THE UPPER SIDE IF NIFTY CROSSESS 4600 AND CLOSES THEN CHANCES ARE BRIGHT NIFTY CAN MOVE UPTO 4800 WHICH IS UNSTOPPABLE. NIFTY RESISTANCE AT 4648 AND 4589 AND SUPPORTS AT 4459 AND 4388.

BUY MOSER BAER ABOVE 111 SL 107 TGT 116/120 **
BUY IFCI ABOVE 52.75 SL 51.40 TGT 60/65/72/80 (ONE CAN HOLD POSITIONALLY)
BUY FSL ABOVE 28.75 SL 27.70 TGT 30/34/40/45 (ONE CAN HOLD POSITIONALLY)
SELL RELINFRA BELOW 1245 SL 1258 TGT 1228/1221
SELL RANBAXY FUTURES BELOW 262 SL 266 TGT 257/253
SELL DLF BELOW 404 SL 411 TGT 394/387
** DO NOT HOLD PLOSTIONAL CALLS BELOW 4420 IN NIFTY

INTRADAY TIPS FOR 02 JUNE 09

GOOD MORNING!!!

MARKETS HAVE OUTPERFORMED FOR LAST COUPLE OF WEEKS WITHOUT MUCH PROFIT BOOKING, ACCORDING TO TECHNICALS ALMOST ALL THE INDICATORS ARE PEAKING OUT ONE CANNOT RULE OUT THERE WILL BE A CORRECTION ANYWHERE NEAR THESE LEVELS ONE HAS TO BE VERY CAUTIOUS ABOUT MARKETS ON THE LONGER SIDE AND BEFORE ANY FURTHER UPMOVE WE EXPECT MARKETS TO DECLINE BEFORE ANY FURTHER UPMOVE ABOVE 4650-4700 LEVELS. MARKETS ARE IN THE HIGHLY OVERBOUGHT REGEION, BUT ONE CANNOT RULE OUT THAT MARKETS STRUCTURALLY ARE VERY BULLISH. SHORT ONLY WHEN YOU GET CONFIRMATION OF SELLING AND DONT RISK IN THE MARKET.

TODAY MARKETS WOULD BE POSITIVELY BIASED THIS IS A GREAT OPPORTUNITY FOR PEOPLE TO EXIT FEW OF THEIR POSITIONS IN THEIR PORTFOLIOS. NIFTY IF MANAGES TO CROSS 4560 IN TODAYS TRADE THEN WE CAN SEE NIFTY TO FACE RESISTANCE AT 4600 AND IF MANAGES TO TRADE ABOVE WE CAN SEE NIFTY AT 4650 IN TODAYS TRADE AND ON THE NEGATIVE SIDE IF NIFTY BREACHES 4490 THEN WE CAN SEE NIFTY TO SLIDE DOWN TO 4450-4420 LEVELS. NIFTY SUPPORT AT 4485 AND 4432 AND RESISTANCE AT 4602 AND 4570. ONE CAN GO SHORT IF NIFTY CLOSES BELOW 4362.

BUY ABB FUTURES AT 669 SL 664 TGT 675/679
BUY AXIS BANK FUTURES AT 751 SL 739 TGT 768/779
BUY BALAJITELE FUTURES AT 68 SL 65.5 TGT 72/74
BUY CHAMBAL FERTILIZERS FUTURES AT 68 SL 65.80 TGT 72/74.4
BUY SUZLON ABOVE 115 SL 112 TGT 120
BUY ICSA ABOVE 200 SL 196 TGT 209/212/216
BUY RNRL 88 SL 84.40 TGT 92/94
BUY CAIRN ABOVE 263 SL 249 TGT 285/300/320 (CAN HOLD POSITIONALLY WITH 225 AS STOPLOSS)