INTRADAY TIPS FOR 17 JUNE 2009

GOOD MORNING!!!!

AS EXPECTED MARKET WAS VOLATILE AND RECOVERY ON THE BOURSES BEGAN SOON AFTER A WEAK OPENING TRIGGERED BY A SETBACK IN GLOBAL EQUITIES. MARKETS MOVED INTO GREEN FROM RED FOR A BRIEF PERIOD IN THE MORNING ON THE NEWS THAT MOST COMPANIES IN THE LIST OF TOP TAX PAYERS FROM MUMBAI HAVE PAID HIGHER ADVANCE TAX FOR THE APRIL-JUNE 2009. BANKING STOCKS RECOVERED BECAUSE OF TWO REASONS ONE WAS GOLDMAN, SACHS & CO. RAISED ITS RATING ON SOME STATE RUN BANKS CITING A LIKELY REBOUND IN INDIAS ECONOMY AND THE FINANCIAL SERVICES INDUSTRY AND THE SECOND REASON WAS IN THE ADVANCE TAX PAYMENTS FOR THE FIRST QUARTER OF THE FINANCIAL YEAR STATE BANK OF INDIA BEING THE HIGHEST TAXPAYER DURING THE QUARTER WITH 61.09% JUMP TO 1068 CRORES, HDFC BANK HAS PAID 16.28% HIGHER ADVANCE TAX TO 250 CRORES AND EVEN SMALL BANKS SUCH AS INDUSIND BANK HAS PAID 122% HIGHER THEN PREVIOUS WITH 20 CRORE, DENA BANK AND YES BANK FOLLOWED THE TREND WITH INCREASE OF 75% AND 42% WITH INCREASE OF 35 AND 27 CRORES RESPECTIVELY.

MARKETS TODAY WILL BE VOLATILE AND WE CAN EXPECT SOME WEAK OPENING INITIALLY BUT WE EXPECT SOME RECOVERY AFTER A DIP IN THE MARKET BUT BE CAUTIOUS IN BUYING WHILE RECOVERY, BUY ONLY THE STRONG STOCKS WITH STRICT STOPLOSS. TODAY IF NIFTY CROSSES 4550 THEN WE CAN SEE NIFTY'S RESISTANCE AT 4615 LEVLES AND ON THE DOWNSIDE IF NIFTY BREACHES 4500 LEVELS AND TRADES BELOW THAT THEN WE CAN SEE NIFTY SUPPORT AT 4430. IF NIFTY CLOSES ABOVE 4620 THEN WE CAN SEE SOME MORE UPSIDE FROM HERE, INVESTORS ARE ADVISED NOT TO HOLD ANY SHORT ABOVE 4620. KEEP AN EYE ON PSU'S, POWER AND FERTILIZERS THESE MAY OUTPERFORM IN COMING DAYS.

BUY RELIANCE CAPITAL ONLY ABOVE 996 SL 977 TGT 1016/1028/1041
BUY INDUSINDBANK ONLY ABOVE 82.50 SL 79.90 TGT 87/89/92
BUY M&M ONLY ABOVE 777.50 SL 764 TGT 795/818
BUY RELIANCE INFRA ABOVE 1267 SL 1254 TGT 1285/1298
BUY SBI ABOVE 1714 SL 1698 TGT 1748/1763

INTRADAY TIPS FOR 16 JUNE 2009

GOOD MORNING!!!!!!!
THE KEY INDICES FELL FOR THE THIRD STRAIGHT DAY AS INVESTORS CAPITALISED IN ON GAINS AFTER A RECENT SOLID SURGE IN THE STOCK PRICES, WEAK GLOBAL MARKETS TRIGGERED PROFIT BOOKING. INDEX HEAVY WEIGHT RELIANCE INDUSTRIES TUMBLED FOLLOWING AN UNFAVOURABLE COURT RULING ON GAS SALES, IT HAS SLIPPED MORE THAN 7.5% AFTER THE COURT DIRECTED RIL AND RNRL TO SIGN GAS DEAL. AT THE SAME POINT OF TIME RNRL SURGED LIKE A ROCKET BY GAINING 26%. INDICES HAVE BREACHED THE PSYCHOLOGICAL MARKS WITH SENSEX SLIPPING BELOW 15000 AND NIFTY BELOW 4500 MARK. THOUGH MARKETS HAVE GIVEN UP BY ALMOST 100 POINTS IN NIFTY BANKING SECTOR REMAINED VERY STRONG AND REMAINED IN THE POSITIVE ZONE.

TODAY WE CAN EXPECT MARKETS TO BE HIGHLY VOLATILE WITH NEGATIVELY BIASED. NIFTY HAS BREACHED THE MAJOR SUPPORT, ONE CAN STAY SHORT WITH STOPLOSS AS 4665. IF NIFTY BREACHES BELOW 4488 THEN WILL LEAD TO 4440-4392, THERE AFTER IT HAS SUPPORT AT 4353. ON THE UPSIDE NIFTY IF SURGES ABOVE 4545 THEN MAY LEAD TO 4588-4620. TODAY METALS STOCKS LIKE STER, TATASTEEL,HINDALCO, SAIL ETC LOOKS WEEK. MARKETS WILL OPEN IN NEGATIVE BUT THERE IS EVERY POSSIBILITY THAT IT MAY PULL BACK BE CAUTIOUS.

BUY UNITECH ONLY ABOVE 87.6 SL 86.1 TGT 90.75/92.40
BUY AXIS BANK ONLY ABOVE 716 SL 704 TGT 730/739/744
BUY RNRL ABOVE 108.50 SL 104.90 TGT 115/120
SELL RELIANCE BELOW 2180 SL 2197 TGT 2150/2110/2080
SELL TATASTEEL BELOW 435 SL 443.1 TGT 424/416/410
SELL STER BELOW 669 SL 676 TGT 654/636/616
SELL DLF BELOW 355 SL 361 TGT 344/335/324

INTRADAY TIPS FOR 15 JUNE 2009

GOOD MORNING!!!!

LAST TRADING SESSION WAS HIGHLY VOLATILE WITH KEY BENCHMARK INDICES CLOSING IN THE A LOOSING NOTE. STOCKS FROM SECTORS LIKE BANKING, REALITY AND AUTO WERE ON DECLINING FRONT THOUGH THE IMPROVED IIP NUMBERS COULDNT HELP THE MARKET TO SUSTAIN THE STRONG POSITIVE OPENING BREADTH OF THE DAY. MARKET ARE ON THE DECLINING FRONT BUT THE CORE TREND OF THE MARKET STILL REMAINS BULLISH. GLOBALLY THERE IS CONCERN ON THE BASE METAL PRICES WHICH HAVE GAINED ALMOST 10 TO 15% IN THE LAST ONE WEEK WHICH IS A CONCERN FOR MANUFACTURING INDUSTRY. MARKETS ARE SLOWLY ENTERING INTO A PHASE WHERE THERE WILL BE MORE BEARISHNESS TO COME. RELIANCE AND RNRL WILL BE VERY VOLATILE IN TODAYS TRADING SESSION AHEAD OF VERDICT ON GAS SHARING SO TRADE WITH STRICT STOPLOSS.

ONE HAS TO BE VERY CAUTIOUS IN TODAYS TRADING AS THE MARKETS ARE VERY NEAR TO THE SUPPORT LEVELS, IF NIFTY IN TODAYS TRADE BREAKS BELOW 4580 ONE CAN REMAIN IN SHORT WITH STOPLOSS AS 4650 ON A POSITIONAL BASIS. MARKETS WILL BE HIGHLY VOLATILE WITH NEGATIVE BIAS NIFTY ONCE BREACHES 4580 IT WILL REACH IMMEDIATELY TO 4530 THEN THE NEXT TARGET ON THE DOWN SIDE WOULD BE 4500 AND 4440. THERE ARE VERY LITTLE CHANCES OF UPMOVE BUT BULLS CAN CHARGE THE MARKET ONLY IF NIFTY CROSSES 4635 THEN THE TARGET WOULD BE 4677.

BUY TATA ELXSI LTD 149.15 SL 144 TGT 160/180/225 (CAN HOLD POSITIONALLY)
BUY STER ABOVE 720 SL 709 TGT 738/746

SELL SBI BELOW 1635 SL 1651 TGT 1610/1590

SELL DLF FUTRES BELOW 370 SL 376 TGT 356/344

POSITIONAL CALLS (IF YOU GET 15%-20% IN WEEK THEN PLEASE EXIT)
BUY NU TEK INDIA LTD 52.85 TGT 67
BUY BINANI CEMENT 56.20 TGT 71
BUY ANSAL PROPERTIES 63 TGT 79
BUY SYNDICATE 72.55 TGT 91
BUY IDEA CELLULAR 83.35 TGT 105

INTRADAY TIPS FOR 12 JUNE 2009

GOOD MORNING!!!

MARKETS ARE AT A STAGE OF NOT GIVING UP, ONE HAS TO LOOK AT MARKET VERY CAREFULLY AS THERE IS ONLY 100 TO 150 POINTS ON THE UPPER SIDE AND MUCH ON THE BOTTOM SIDE. TODAY ALL EYES WOULD BE ON THE IIP NUMBERS, IN TODAYS TRADE IIP NUMBERS WILL MATTER A LOT. IF IIP NUMBERS ARE SLIGHTLY NEGATIVE THEN IT IS A POSITIVE SIGN FOR THE MARKETS BUT IF THEY ARE NEGATIVE MORE THAN 1% THEN MARKET MAY REACT NEGATIVELY.

MARKETS TODAY MAY OPEN POSITIVE AND WOULD REMAIN TO BE POSITIVELY BIASED TILL THE IIP NUMBERS ARE DECLARED WITH HIGH VOLATALITY AND WOULD CONTINUE EVEN IF IIP NUMBERS ARE SLIGHTLY NEGATIVE BUT IF IIP NUMBERS ARE NEGATIVE THAN THE PREVIOUS OR NEGATIVE THAN EXPECTED IIP NUMBERS THEN MARKET IN NO CASE CAN BE POSITIVE AND FROM HERE WE CAN SEE SHARP DOWNSIDE AND CORRECTION THERE ON. IF NIFTY CROSSES 4670 AND TRADES THEN WE CAN SEE NIFTY AT 4713-4763 AND IF NIFTY BREACHES 4596 AND TRADES THEN WE CAN SEE NIFTY 4530-4504-4478.

BUY HDFC BANK ABOVE 1560 SL 1544 TGT 1610
BUY CHAMBAL ABOVE 71.75 SL 70.90 TGT 72.90/74
BUY ABAN FUT ABOVE 1035 SL 1009 TGT 1090/1120/1150**
BUY BAJAJ HINDUSTAN ABOVE 217 SL 215.35 TGT 224/230

SELL BPCL BELOW 429 SL 434 TGT 420/413

SELL ONGC BELOW 1118 SL 1131 TGT 1098/1076

FERTILIZERS AND SUGARS LOOKS BULLISH

INTRADAY TIPS FOR 11 JUNE 2009

GOOD MORNING!!!

MARKETS ARE AT A STAGE WHERE THERE IS NO TURN BACK. BUT REMEMBER ONE THING IN THE MARKET WHEN EVERYONE IS IN BUYING MODE JUST TRY TO AVOID BUYING AND WHEN EVERYONE IS IN SELLING MODE TRY TO MAKE USE OF THE CHANCE TO BUY IT, THERE IS A GOLDEN RULE BUY WHEN EVERYONE SELLS AND SELL WHEN EVERYONE BUYS. EVEN IF YOU FEEL AT THIS STAGE IT IS WISE TO INVEST THEN INVEST IN VERY SMALL QUANTITIES BECAUSE IF MARKET FALLS IT WILL FALL WITH VENGENCE WHERE YOU WILL NOT BE ABLE TO EVEN SELL THEM, PLAY CAUTIOUSLY. MARKET IS MOVING AS EXPECTED AND ON THE CHARTS TECHNICALLY THEY ARE VERY BULLISH WITH ALL THE OSCILLATORS AT THEIR PEAKS CHANCES OF REVERTING WILL BE VERY FAST SO BE VERY VERY CAREFUL IN BUYING ANY STOCK AND HOLDING IT.

TODAY IF NIFTY CROSSES 4688 AND TRADES THEN NIFTY WILL MOVE TO 4720-4780 AND IF NIFTY BREACHES 4624 THEN NIFTY WILL COME DOWN TO 4580-4530 IN TODAY'S TRADE. JUST STAY CAUTIOUS IN MARKETS WITH STRICT STOPLOSS.

BUY CAIRN FUTURES ABOVE 258 SL 254.90 TGT 271/280
BUY ACC ABOVE 898 SL889 TGT 909/914/919
BUY RELINFRA ABOVE 1220 SL 1199 TGT 1244/1268/1285/1293
BUY BAJAJHIND ABOVE 207 SL 204 TGT 212/217

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