INTRADAY TIPS FOR 01 JULY 2009

GOOD MORNING!!!

AS EXPECTED INDICES WERE EXACTLY WITH OUR PRIDICTIONS. THE KEY BENCHMARK INDICES RETREATED FROM THE DAYS HIGH TO SLIDE INTO THE NEGATIVE ZONE ON PROFIT BOOKING ON ACCOUNT OF SLOWDOWN IN INFRASTRUCTURE SECTOR GROWTH DATA, MAJOR SET BACK FOR THE MARKET WAS INFRASTRUCTURE STOCKS DECLINE ON PROFIT BOOKING FROM THE RECENT GAINS. MARKET TURNED FROM STRONG OPENING TO A VERY WEAK CLOSING.

KEY EVENTS TO WATCH OUT IN THE MARKET ARE :-

1. UNION BUDGET ABOUT TO BE PRESENTED ON 06 JULY 09

2. ANNUAL ECONOMIC SURVEY IS SCHEDULED TO BE PRESENTED ON 02 JULY 2009

3. RAIL BUDGET ON 03 JULY 09

4. CORPORATE SECTOR IS EXPECTING A REMOVAL OF FRINGE BENEFIT TAX IN THE BUDGET. UNDER THE CURRENT DISPENSATION, AN EMPLYER HAS TO PAY FBT AT 30% ON THE FRINGE BENEFIT, THE TAXABLE VALUE OF WHICH IS DETERMINED IN ACCORDANCE WITH A FORMULA. FBT IS A TAX LEVIED ON PERQUISITES OR FRINGE BENEFITS PROVIDED BY AN EMPLOER TO HIS EMPLOYEES.

5. DOMESTIC BROKERAGES AND FUND HOUSES WANT THE GOVERNMENT TO REMOVE SECURITIES TRANSACTION TAX (STT) ON TRADING IN SECURITIES IN THE BUDGET. SEBI HAS ALREADY FORWARDED THE DEMAND OF BSE AND NSE IN THIS REGARD TO FINANCE MINISTER.

6. INVESTORS WILL ALSO BE KEENLY WATCHING FOR THE OUTCOME OF THE EMPLOYEES PROVIDENT ORGANISATION (EPFO'S) ADVISORY BODY MEET ON 04 JULY 2009. THE CENTRAL BOARD OF TRUSTEES (CBT) WILL TAKE A VIEW ON FINANCE MINISTRY'S PROPOSAL TO INVEST 15% OF ITS CORPUS IN THE EQUITY. THE EPFO HAS A CORPUS OF ABOUT RS 1,82,000 CRORES AND THE PERMISSION TO INVEST 15% FUNDS (27300 CR) IN EQUITY COULD HAVE POSITIVE IMPLICATIONS FOR THE CAPITAL MARKET. A PROPOSAL TO PARK FUNDS IN THE STOCK MARKET WAS EARLIER REJECTED BY THE EPFO'S FINANCE AND INVESTMENT COMMITTEE (FIC) AT ITS MEETING ON 26 MARCH 2009.

TODAY MARKETS WOULD OPEN IN RED AND WOULD REMAIN RANGE BOUND, THIS IS A VERY GOOD BUYING OPPORTUNITY IN SECTORS LIKE INFRASTRUCTURE, POWER AND FERTILIZERS ONE CAN INITIATE LONGS IN THESE SECTORS, TRY TO ACCUMULATE WHEN MARKET IS DOWN. IF NIFTY TRADES BELOW 4287 THEN IT WILL TAKE GOOD SUPPORT AT 4240 AND IF NIFTY HAPPENS TO TRADE BELOW 4220 LEVELS THEN IT IS WISE TO HEDGE YOUR LONGS WITH EQUAL PROPORTIONS ELSE STAY LONG WITH 3:1 HEDGING STRATEGY, ON THE UPSIDE IF NIFTY TRADES ABOVE 4340 THEN IT IS LIKELY TO REBOUND TO 4394 AND FACE RESISTANCE AND IF MANAGES TO TRADE AND CLOSE ABOVE 4400 THEN THERE IS EVERY POSSIBILITY THAT IT WOULD BREACH THE RECENT HIGHS. IF MARKET MANAGES TO GET ANY POSITIVE RESPONSE FROM THE ABOVE QUOTED 6 EVENTS, MARKET LIKELY TO HIT NEWS HIGHS AND MY FIRST TARGET WOULD BE 4900 AND MARKET WILL START MAKING HIGHER HIGHS.

BUY DR REDDY ABOVE 780 SL 769 TGT 792/802/814

BUY CHAMBAL FERTILIZERS SL 66 TGT 69/71/73/80

SELL TULIP 850 SL 857 TGT 830/818
RELCAP BELOW 900 SL 911 TGT 886/875/866

RELINFRA BELOW 1200 SL 1211 TGT 1181/1162/1123

TATAMOTORS BELOW 292 SL 296 TGT 285/278/272

INTRADAY TIPS FOR 30 JUNE 2009

GOOD MORNING!!!

YESTERDAY THE MARKET WAS VERY VOLATILE. THE MARKET MOVED BETWEEN POSITIVE AND NEGATIVE ZONE IN EARLY TRADE. IT WEAKENED IN THE MORNING TRADE ON LOWER US INDEX FUTURES. THE MARKET CUT LOSSES LATER AS INVESTORS TOOK FRESH POSITIONS ON THE HOPES OF A REFORM-ORIENTED BUDGET. THE SENSEX SURGED IN EARLY AFTERNOON TRADE, TRADE ON FIRM EUROPEAN STOCKS. THE MARKET, HOWEVER PARED GAINS LATER AFTER HITTING FRESH INTRADAY HIGHS IN THE AFTERNOON TRADE. BANKING SHARES SAW AN ACROSS-THE-BOARD RALLY ON HOPES OF FAVORABLE ANNOUNCEMENT IN THE UNION BUDGET 2009-2010, BUT IT SLIPPED ON FEARS OF US ECONOMIC RECOVERY AS IT IS EXPECTED TO TAKE LONGER TIME THAN EXPECTED.

TODAY MARKETS ARE EXPECTED TO BE VOLATILE. MARKETS WOULD OPEN FIRM BUT MAY NOT WITHSTAND FOR LONGER TIME. LAST DAY WE HAVE SEEN SOME GOOD SELLING IN THE MARKETS WITH HIGH VOLUMES IN THE LAST HOUR OF TRADE WHICH HAS BUILT SOME PANIC AND CAUTION IN THE INVESTORS MIND. I WOULD SUGGEST YOU TO HEDGE YOUR POSITIONS. TODAY NIFTY MAY TEST RESISTANCE AT 4435 AND MAY COME DOWN IF IT DOESNT SUSTAIN THAT LEVEL FOR SOMETIME BUT IF IT TRADES ABOVE 4435 IN GOOD VOLUMES THEN THE NEXT LEVEL WE CAN SEE NIFTY IS AT 4482 AND ON THE DOWN SIDE IF TRADES BELOW 4380 THEN WE CAN SEE NIFTY TO REACH 4342 AND IF TRADES BELOW THIS LEVEL THEN WE CAN SEE NIFTY AT 4292.

BUY BAJAJHIND ABOVE 230 SL 224.9 TGT 238/244
BUY AXIS BANK ABOVE 865 SL 849 TGT 880/890/900
BUY NTPC 198 SL 196.70 TGT 201.60/205.25**
BUY RELIANCE ABOVE 2085 SL 2074 TGT 2100/2115/2224
BUY DLF ABOVE 335 SL 329 TGT 344/355
BUY CHAMBAL FERTILIZERS 67.40 SL 66.25 TGT 69/73/77/80**
SELL ICICI BANK BELOW 750 SL 757 TGT 736/724
SELL SUZLON BELOW 117 SL 119.25 TGT 114/111/109.20
ONE CAN HOLD IDFC,CHAMBAL,POWER GRID,NTPC AS RECOMMENDED

INTRADAY TIPS FOR 29 JUNE 2009

GOOD MORNING!!!

WE HAVE NOTICED A SPECTACULAR RALLY ON THE SPECULATORS, AS THEY TOOK FRESH POSITIONS BETTING ON THE NEW ECONOMIC REFORMS IN THE UNION BUDGET. GLOBAL CUES ALSO LIFTED SENTIMENT OF THE MARKETS. A GAIN OF 420 POINTS IN THE SENSEX LAST DAY WAS EXCEPTIONALLY HIGH ON THE OPENING DAY OF THE NEW CONTRACT, THE MAJOR TRIGGERS IN THE MARKET WERE CAPITAL GOODS AND BANKING. WITH THE REDUCTION IN THE LOT SIZES EVERY INVESTOR HAD CHANCE TO PLAY THERE BY TAKING THE MARKET MUCH MORE HIGHER WITH VOLUMES FROM RETAIL INVESTORS, LOWER LOT SIZES IN DERIVATIVE CONTRACT HAS MADE THE CONRACTS AFFORDABLE TO EVEN SMALL TRADERS. THE ONLY DAMPENING NEWS ON CARDS IS WEAK MANSOON COULD HIT RURAL DEMAND FOR CONSUMER GOODS. MANSOON RAINS, WHICH RUN FROM JUNE TO SEPTEMBER, HAVE WEAKENED AND ARE EXPECTED TO BE BELOW NORMAL WHICH IS A VERY BAD NEWS FOR THE MARKET ON THE MACRO ECONOMIC FRONT.

TODAY MARKETS WOULD BE POSITIVE, NIFTY IS TRADING ON THE VERY POSITIVE ZONE AND ALMOST ALL THE STOCKS IN THE NIFTY HAVE SHOWN A POSITIVE TRIGGER, TODAY NIFTY IF TRADES ABOVE 4400 THEN WE CAN SEE NIFTY AT 4448 AND IF NIFTY TRADES ABOVE 4450 FOR SOMETIME THEN WE CAN SEE NIFTY TO FACE STRONG RESISTANCE AT 4499 AND ON THE DOWN SIDE NIFTY IF TRADES BELOW 4343 THEN WE CAN SEE SOME SUPPORT AT 4312 AND IF IT BREACHES AND TRADES THEN IT MAY GO TO 4268 BUT CHANCES ARE REMOTE. AS NIFTY IS EXPECTED TO MOVE FURTHER UPSIDE TO 4800 LEVELS WITH SOME POSITIVE NEWS ON CARDS ON BUDGET NEWS. WE EXPECT CAPITAL GOODS, POWER, FERTILIZERS AND INFRASTRUCTURE STOCKS LIKELY TO SHOW SOME SURGE IN THE MARKETS ON BUDGET NEWS. ONE CAN TAKE POSITIONS ON NIFTY CALLS BY HEDGING WITH 1:3 (BUY 3 LOTS OF CALLS AND HEDGE WITH ONE LOT OF PUTS).

BUY IDFC ABOVE 137 SL 135.5 TGT 139/141/144

BUY HDFC ABOVE 2440 SL 2419 TGT 2464/2487

BUY HEROHONDA ABOVE 1418 SL 1402 TGT 1440/1449/1484

BUY IBREALEST ABOVE 217 SL 214 TGT 221/225/229

BUY KOTAK ABOVE 648 SL 641 TGT 671/688.

ONE CAN TAKE POSITIONS ON BHEL, LT, CHAMBAL. IDFC, POWER GRID** AND NTPC.

INTRADAY TIPS FOR 26 JUNE 2009

GOOD MORNING!!!

INDICES TURNED HIGHLY VOLATILE IN THE AFTERNOON SESSION AFTER A SEE SAW MOVEMENT BEFORE AFTERNOON SESSION AND COULD NOT REGAIN STRENGTH AT ANYPOINT OF THE DAY IN THE SECOND HALF OF THE TRADING, WE HAVE SEEN SOME SELL OFF EVEN IN YESTERDAYS TRADE. IN THE LAST WEEK FII'S WERE THE MAJOR SELLERS IN THE MARKET. INFLATION BASED ON THE WHOLESALE PRICE INDEX REMAINED IN THE NEGATIVE ZONE FOR THE SECOND WEEK IN A ROW. INFATION BASED ON THE WHOLESALE PRICE INDEX DECLINED 1.14% IN THE YEAR THROUGH 13 JUNE 2009 GOVERNMENT DATA RELEASED LAST DAY SHOWED. THE DECLINE WAS, SMALLER THAN A 1.61% FALL IN THE YEAR THROUGH 6 JUNE 2009. INFLATION HAD DIPPED TO NEGATIVE IN EARLY JUNE 2009 FOR THE FIRST TIME SINCE 1977-78. NIFTY ROLLOVER FROM JUNE TO JULY SERIES STOOD AT 41% WHILE STOCK FUTURES ROLLOVER OF POSIITONS WAS 52%.

MARKETS TODAY AFTER THE SETTLEMENT OF THE JUNE CONTRACT MAY OPEN FIRM AS GLOBAL CUES ARE POSITIVE, THOUGH MARKETS STRUCTURALLY LOOKS POSITVE, SENTIMENT REMAINS NEGATIVE IN TERMS OF TECHNICALS UNLESS AND UNTILL MARKET CROSSES 4320 ONE CANNOT AFFORD TO BE IN BUY BASED ON GLOBAL NEWS. TODAY IF NIFTY TRADES ABOVE 4320 WE CAN EXPECTED MARKET TO REMAIN IN POSITIVE ZONE AND IF IT CLOSES ABOVE THEN ONE CAN TAKE POSTIONS TO SEE HIGHER HIGH IN THE MARKET, WE CAN SEE NIFTY TO BREACH RECENT HIGHS. IF NIFTY TRADES ABOVE 4270 WE CAN SEE NIFTY TO FACE RESISTANCE AT 4320 AND IF IT HAPPENS TO BREAK AND TRADE ABOVE IT THEN WE CAN SEE NIFTY TO GO UPTO 4350. ON THE DOWN SIDE IF NIFTY BREAKS 4215 THEN NIFTY WILL FACE SUPPORT AT 4175 AND IF NIFTY BREACHES 4175 THEN WE CAN SEE FURTHER DOWNSIDE IN THE NIFTY AND CLOSE BELOW 4175 WE CAN SEE NIFTY AT 4050. TODAY PHARMA STOCKS ARE GOOD FOR TRADING.

FEW SCRIPS ONE HAS TO TAKE POSITIONS FOR TWO WEEKS TO MINT AND PRINT MONEY ARE BHEL, LT, GVKPIL, JAIN IRRIGATION, RECL, NTPC, PTC, CHAMBAL FERTILIZERS AND IDFC. I WOULD ADVICE YOU TO BUY FERTILIZER STOCKS, POWER STOCKS AND INFRASTRUCTURE STOCKS FOR GOOD GAINS.

BUY BIOCON ABOVE 228 SL 219 TGT 238/244/248

BUY SUZLON ABOVE 119 SL 117 TGT 124/127.50

BUY INDIAINFO ABOVE 122 SL 119 TGT 126/129/133

BUY HINDALCO ABOVE 86 SL 84 TGT 88/93/SHORT TERM (106)

SELL BPCL BELOW 416 SL 419.4 TGT 409/406

INTRADAY TIPS FOR 25 JUNE 2009

GOOD MORNING!!!!

YESTERDAY MARKETS WERE VOLATILE AS TRADERS ROLLED OVER POSITIONS FROM JUNE TO JULY SERIES AHEAD OF THE EXPIRY OF JUNE CONTRACTS. NIFTY FUTURES WAS 29.19% AS AT END OF TUESDAY'S TRADE. THE ROLLOVER WAS 34.47% IN MINI NIFTY FUTURES, KEY BENCHMARK INDICIES HAVE CUT LOSSES AFTER HITTING FRESH INTRADAY LOW IN THE AFTERNOON. SECTORS LIKE FMCG, BANKING, IT STOCKS FELL AND CAPITAL GOODS WERE STRONG. WE COULD SEE THAT THE SENTIMENT ON THE BOTTOM LINE IS STILL INTACT AND STRUCTURALLY INDICES LOOKS STRONG ABOVE 4200 AND GETS STRONGER ONLY ABOVE 4340 IF THIS LEVEL IS CROSSES ITS A CLEAR INDICATION OF GOING FOR LONGS. THE NEXT MAJOR TRIGGER FOR THE MARKET IS UNION BUDGET. MANY ANALYSTS HAVE RAISED EARNING FORCASTS OF INDIA INC ON HOPES THAT THE NEW GOVERNMENT WILL PRIVIDE THRUST ON THE INFRASTRUCTURE SECTORE AND PUSH THE ECONOMIC REFORMS TO BOOST GROWTH.

TODAY MARKETS WOULD BE HIGHLY VOLATILE AS THERE IS EXPIRY OF JUNE CONTRACT. THERE WOULD BE STOCK SPECIFIC MOVEMENTS IF NIFTY BREACHES 4340 AND TRADES THEN WE CAN SEE NIFTY TO FACE RESISTANCE AT 4400 LEVELS AND ON THE DOWN SIDE IF NIFTY TRADES BELOW 4284 THEN WE CAN SEE NIFTY TO FACE SUPPORT AT 4220 AND THEN AT 4170.

BUY JINDAL STELL ABOVE 2360 SL 2339 TGT 2393/2430
BUY APTECH ABOVE 166 SL 161.90 TGT 171/178/182
BUY ACC ABOVE 765 SL 754 TGT 778/784/792
BUY STER ABOVE 574 SL 564 TGT 584/600
SELL SUNPHARMA BELOW 1360 SL 1375 TGT 1330/1315/1300
SELL HDFC BELOW 2315 SL 2331 TGT 2296/2285/2271

TIPS FOR 24 JUNE 2009

GOOD MORNING!!!
KEY BENCHMARK INDICES, SENSEX AND NIFTY CLOSED FLAT WITH MARGINAL LOSS AND GAIN. SENSEX GAINED ALMOST 310 POINTS FROM DAY LOW AND CLOSED 70 POINTS FROM DAY HIGH. INDEX HEAVY WEIGHTS RELIANCE INDUSTRIES AND ONGC GAINED IN THE LAST DAY THERE WAS SHORT RECOVERY SEEN IN RELIANCE AND ONGC COUNTERS. MARKET BREADTH WAS VERY NEGATIVE INITIALLY WITH THE INITIAL SELL OFF IN THE OPENING WITH WEAK GLOBAL CUES AND LATER REGAINED THE STRENGTH SLOWLY AND THERE BY CONVERTING INTO A POSITIVE MOMENTUM IN THE TRADE. THE VOLATALITY IN THE TRADE WAS VERY HIGH AHEAD OF EXPIRY.
FEW MAJOR REASONS TO LOOK AT THE MARKETS BOTH ON THE NEGATIVE AND POSITIVE SIDE ARE:
NEGATIVE SIDE:
1. FII'S SELL OFF HAS WEAKENED THE SENTIMENT OF INVESTORS.
2. GLOBAL CUES, WE HAVE SEEN AFTER ABOUT 2 MONTHS WALL STREET HAS SUFFERED WORST HIT BY LOOSING 200 POINTS IN A SINGLE DAY ON FRIDAY.
3. CONSUMER PRICE INFLATION HAS DAMPENED THE SENTIMENT OF INVESTORS TOO.
4. WEAK INITIAL PHASE MANSOON HAS GEARED UP THE FEARS OF FALL IN AGRICULTURAL PRODUCTION AND A SURGE IN ESSENTIAL COMMODITY PRICES WHICH MAY SPUR INFLATION, THIS MAY LEAVE AN IMPACT ON THE LIKELY RECOVERY OF OUR ECONOMY.
ON THE POSITIVE SIDE:
1. WORLD BANK HAS RAISED INDIA'S GROWTH FORECAST FOR 2009 TO 5.1% FROM EARLIER PROJECTION OF 4% AND 8% IN 2010 WHICH WILL MAKE IT THE FASTEST GROWING ECONOMIES IN THE WORLD IN 2010, SURPASSING THE CHINA'S EXPECTED 7.7% GROWTH.
2. THE MAJOR TRIGGER IN THE INDIAN MARKETS ARE BUDGETS, THIS MAY HAVE A VERY CLEAR IMPACT ON THE MARKETS.

IN TODAYS TRADE WE EXPECT NIFTY TO REMAIN HIGHLY VOLATILE AND RANGE BOUND, WE STILL HAVE BEARISH VIEW ON NIFTY UNTILL IT CROSSES 4320, ONE CAN TAKE POSITIONS ONLY IF IT BREACHES THIS LEVEL AND CLOSES UNTILL THEN ONE IS ADVICED TO STAY SHORT. IF NIFTY TRADES ABOVE 4280 THEN WE CAN SEE STRONG RESISTANCE AT 4320 AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 4220 THEN WE SEE NEXT MAJOR SUPPORT AT 4180 ONCE NIFTY BREAKS 4160 THEN WE CAN SEE MORE DOWNFALL IN THE MARKETS AND EVEN LEAD TO 4100-3950. METALS BANKING LOOK WEAK, SHIPPING & PSU'S LOOKS STRONG. ONE CAN KEEP ACCUMULATING STOCKS LIKE NTPC, IDFC AND BHEL AT LOWER LEVELS FOR MINTING MONEY ON POST BUDGET SESSION.

BUY ONGC ABOVE 1025 SL 1014 TGT 1039/1052
BUY IDFC 136 SL 132 TGT 142/144
BUY ESSAR OIL ABOVE 164 SL 160.4 TGT 170/172
SELL NALCO BELOW 315 SL 321 TGT 308/304
SELL HDFC BANK BELOW 1485 SL 1501 TGT 1461/1452/1440

INTRADAY TIPS FOR 23 JUNE 2009

GOOD MORNING!!!

MARKETS HAVE CONTINUED LAST WEEKS FALLING STREAK WITH MAJOR HEAVY WEIGHTS LOOSING. WITH WEAK EUROPEAN STOCKS AND LOWER US INDEX FUTURES ON MONDAY LED THE MARKET TO THE DOWNFALL. THERE WAS ONLY STOCK SPECIFIC BUYING IN SELECTED SCRIPS OUTSIDE THE INDICES. SENSEX FELL 340 POINTS FROM DAY HIGH AND CLOSE TO 60 POINTS FROM DAYS LOW. THE MAJOR DECLINE WAS LED BY SECTORS LIKE OIL AND GAS, METALS, IT, REALITY AND AUTO STOCKS. MARKET OPENED IN POSITIVE NOTE WITH THE STRONG CLOSING OF PREVIOUS DAY (FRIDAY) BUT COULDNT SUSTAIN IT ANY LONGER, FRIDAYS GAINS IN THE LAST HOUR WAS PURELY BASED ON NEWS AND MANY COUNTERS YESTERDAY YET AGAIN STARTED TO JOIN THE LAST WEEKS DOWNSIDE RALLY. NOW THIS DOWNFALL IS BEING SUPPORTED BY MANY EXTERNAL FACTORS WHICH MAY MAKE OUR MARKETS MUCH MORE WEAKER LIKE GLOBAL CUES, NEWS ON STT CUT IS UNLIKELY IN THIS BUDGET, FII SELL OFF, DII SELL OFF AND BAD NEWS POURING FOR RELIANCE. MARKETS AT THIS JUNCTURE LOOKS WEAK EXCEPT FOR BANKING STOCKS IF WE WITNESS ANOTHER 150 POINTS DOWNSIDE RALLY FROM HERE ON THEN YOU CAN SEE BANKING STOCKS WILL ALSO BLEED THERE BY WEAKEN THE INDICES FURTHER. I WOULD LIKE TO CAUTION ALL THE INVESTORS AND TRADERS TO STAY AWAY FROM LONGS TILL 30 JUNE 2009 OR BELOW 4375.

FOR TODAY MARKET WOULD OPEN IN RED WITH VOLATALITY IMMENSE AHEAD OF EXPIRY. NIFTY MIGHT TAKE STRONG SUPPORT AT 4150 AND THEN IF IT TRADES BELOW FOR SOMETIME THEN WE CAN SEE NIFTY TO BREAK BELOW 4100 TODAY ITSELF IN THE DAYS TO COME WE CAN SEE NIFTY AT 4069 AND 3945 LEVELS. ON THE UPSIDE NIFTY MAY GO UP TO THE MAXIMUM OF 4288 IF IT BREACHES THEN NIFTY HAS RESISTANCE AT 4375 AND IF NIFTY CLOSES ABOVE 4375 (CHANCES ARE REMOTE) ONE CAN INITIATE LONGS TILL THEN IT IS WISE TO BE AWAY THAN GETTING STRUCK.

BUY MARUTI ONLY ABOVE 1065 SL 1056 TGT 1081/1092
SELL DLF BELOW 321 SL 326 TGT 316/307.8
SELL RELIANCE CAPITAL BELOW 890 SL 901 TGT 865/837
SELL TATAPOWER 1100 SL 1110 TGT 991/986/971
SELL RANBAXY BELOW 270 SL 275 TGT 262/257/251