INTRADAY TIPS FOR 07 JULY 2009

GOOD MORNING!!!

WELCOME TO THE NEW BEGINING AGAIN, AFTER A DISAPPOINTMENT OVER ECONOMIC REFORMS IN THE UNION BUDGET 2009-2010 RESULTED IN HEAVY SELLOFF IN KEY BENCHMARK INDICES. WEAK GLOBAL STOCKS ALSO WEIGHED ON THE INVESTORS SENTIMENT, BANKING, CAPITAL GOODS, POWER, METAL AND REALITY STOCKS LED TO THE DECLINE. INVESTORS WERE DISAPPOINTED AFTER THE BUDGET PRESENTATION AS THE BUDGET DIDNT CONTAIN ANY MAJOR REFORMS SUCH AS INCREASE IN FORIEGN DIRECT INVESTMENT IN INSURANCE SECTO AND DECONTROL OF FUEL PRICES AND ANOTHER MAJOR IMPORATANT ISSUE WAS DIVESTMETN NOTHING FAVOURED THE MARKETS. A SMALL DIVESTMENT OF 1120 CRORES FOR THE FINANCIAL YEAR ENDING 2010 WAS NO LUCRATIVE ISSUE FOR THE MARKETS TO REACT. A SHARPLY HIGHER FISCAL DEFICT TARGET TO 6.8% FOR THE FINANCIAL YEAR ENDING 2010 AFTER INCREASED SPENDING ON ROADS, POWER AND AID TO THE POOR. OVERALL NOTHING WAS IN FAVOUR OF BULLS IN THE MARKET.

TODAY MARKET WOULD REMAIN WEAK WITH HIGHLY VOLATILE SESSION. MARKET STRUCTURALLY HAS BECOME WEAK AND CONTINUE TO REMAIN WEAK FOR SOME MORE TIME AS THERE WAS NO CORRECTION AS WELL FROM 3600 LEVELS AND THE MARKET HAS BEEN WAITING WITHOUT CORRECTION SINCE ONE MONTH PRIOR TO ELECTIONS AND INVESTORS WERE WAITING FOR THE BUDGET WITH SOME EXPECTATIONS AND EVERYTHING WENT AGAINST AND NOW WE MAY SEE CORRECTION FROM THIS POINT ONWARDS FOR SOMETIME I WOULD SUGGEST A SMALL PULL BACK SHOULD NOT BE TREATED AS BULLISH TREND ANY PULL BACK JUST CONSIDER IT FOR SELLING WITH STRICT STOPLOSS. SELL THE WEAKEST STOCK AND BUY THE STRONGEST STOCKS. EXCEPT PHARMA NOTHING LOOKS GOOD FOR HOLDING IN THIS MARKET. IF NIFTY TODAY TRADES ABOVE 4163 THEN WE CAN SEE IT AROUND 4229 - 4256 AND IF NIFTY TRADES BELOW 4150 THEN WE CAN EXPECT IT TO COME DOWN TO 4101 AND THEN TO 4070.

SELL RELCAP SL 851 TGT 822/813/801

SELL LT SL 1481 TGT 1450/1436/1428

SELL TATASTELL SL 406 TGT 390/382

BUY RANBAXY & CIPLA

INTRADAY TIPS FOR 06 JULY 2009

GOOD MORNING!!!

KEY BENCHMARK INDICES ROSE FOR THE THIRD DAY AFTER RAILWAY MINISTER HAS PRESENTED THE BUDGET WITH THE INCULSION TO IMPROVE INFRASTRUCTURE FACILITIES ACROSS THE COUNTRY IN THE BUDGET, MARKET FROM NEGATIVE BREADTH SWUNG INTO POSITIVE TERRITORY. THERE WAS GOOD NUMBER OF SHORT COVERING WHICH TOOK PLACE ON FRIDAY WHICH INDICATES THAT EXPECTATIONS TOWARDS BUDGET ARE STILL POSITIVE THOUGH THE RATING TOWARDS IT WAS AVERAGE TO BELOW AVERAGE. WE EXPECT THIS POSITIVE MOVE MAY TRIGGER ANOTHER 700 POINTS IN NIFTY PROVIDED UNION BUDGET IS WITHIN THE EXPECATATIONS OR ANY UNPRECEDENTED GOOD NEWS IN THE BUDGET ELSE MARKET MAY GO DOWN BY 700 POINTS IF THERE IS ANY UNPRECEDENTED NEWS ON THE NEGATIVE SIDE SO HEDGE YOUR POSITIONS INITIALLY TILL BUDGET LATER YOU CAN DEFINITELY KNOW THE DIRECTION OF THE MARKET AND WOULD REMAIN IN THE SAME DIRECTION FOR ENTIRE NEXT WEEK WITHOUT ANY RETRACEMENT OR PROFIT BOOKING. TRADE AND INVEST WISELY.

TODAY, MARKET WOULD OPEN IN POSITIVE AND WOULD BE HIGHLY VOLATILE TILL BUDGET IS PRESENTED. IF NIFTY TRADES ABOVE 4430 THEN WE CAN SEE NIFTY AT 4483 AND IF BREACHED THIS LEVEL WILL TAKE NIFTY TO 4537 AND THEN 4567 IN TODAYS TRADE AND IF NIFTY BREAKS BELOW 4382 THEN IT WILL COME DOWN TO 4329 AND THEN 4282 AND IF NIFTY TRADES BELOW 4280 FOR FEW MINUTES THEN CAN SEE NIFTY AT 4229. MARKET STRUCTURALLY VERY STRONG AND SEEMS WITH A LITTLE POSITIVE IMPACT MAY TRIGGER NIFTY TO 4800-5000 LEVELS IN A VERY SHORT SPAN OF TIME.

BUY DLF ABOVE 335 SL 329 TGT 343/353

BUY HDFC ABOVE 2580 SL 2559 TGT 2620/2648/2699

BUY IDFC ABOVE 145 SL 142.40 TGT 149/155

BUY NTPC ABOVE 206 SL 200.90 TGT 209/211/221

BUY RELINFRA ABOVE 1290 SL 1274 TGT 1320/1348

BUY CIPLA ABOVE 260 SL 257 TGT 267/271/274

BUY WIPRO ABOVE 385 SL 381 TGT 391/397.

INTRADAY TIPS FOR 03 JULY 2009

GOOD MORNING!!!

TODAY VOLATALITY WOULD REMAIN IMMENSE. WE HAVE WITNESSED SELLING IN ALSMOST ALL THE COUNTERS IN THE LAST HALF AN HOUR OF TRADE WHICH CLEARLY IMPLIES THAT THERE WOULD BE SELLING SPREE CONTINUING EVEN TODAY ON THE PROFIT BOOKING SIDE AND THERE WOULD BE SOME BUYING AHEAD OF BUYUING TOO ONLY ON THE LEVELS MENTIONED BELOW. TODAY VOERALL MARKET LOOKS WEAK AND HIGHLY VOLATILE SO BE VERY CAUTIOUS. IF NIFTY TODAY TRADES BELOW 4345 THEN WE CAN SEE IT TO MOVE UPTO 4389 AND IF IT SUSTAINS THIS POINT AND TRADES ABOVE THEN CAN TAKE IT TO 4440 WHICH IS REMOTE AND IF NIFTY CLOSES ABOVE 4389 ONE CAN STAY LONG. AND IF NIFTY TRADES BELOW 4325 THEN IT IS EVIDENT THAT WE CAN SEE NIFTY AROUND 4315 AND IF IT SUSTAINS BELOW THIS LEVEL WE CAN SEE SOME MORE PANIC SELLING AND CLOSING BELOW 4260 LEVEL ONE CAN TAKE SHORT POSTIONS CLOSING ALL LONGS. BUT ON THE LONGS INFRASTURE, POWER, FERTILIZERS AND PSU ARE EXPECTED TO BE GOOD BETS.

BUY TATAPOWER ABOV E 193 SL 187 TGT 200/204/210

BUY ONGC ABOVE 1124 SL 1112 TGT 1140/1149/1162

SELL TATA MOTORS BELOW 296 SL 301 TGT 288/284/280

SELL BHEL BELOW 2160 SL 2176 TGT 2140/2132/2120

INTRADAY TIPS FOR 02 JULY 2009

GOOD MORNING!!!
YESTERDAY WITH FIRM OPENING IN EUROPEAN STOCKS AND GAINS IN US INDEX FUTURES LIFTED INDIAN STOCKS AND FRESH BUYING IN INDEX HEAVY WEIGHTS PROPELLED KEY BENCHMARK INDICES DAYS HIGH IN THE MIDAFTERNOON TRADE. BUT HIGH VOLATALITY WAS THE HALLMARK OF THE TRADING SESSION BUT AT THE END INDICES LOGGED DECENT SWINGS EITHER WAYS THROUGHOUT THE DAY REALITY AND BANKING SHARE WERE AT THE FOREFRONT OF THE RALLY.

TODAY MARKET WOULD BE POSITIVE WITH HIGH VOLATALITY AHEAD OF BUDGETS. TODAY IF NIFTY TRADES ABOVE 4385 THEN WOULD FACE RESISTANCE AT 4435 AND 4480 AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 4350 THEN IT IS LIKELY TO COME DOWN TO 4312 AND THEN 4260.
WATCH FOR STOCKS LIKE KERNEX MICROSYSTEMS, TEXMACO, TITAGARH WAGAONS, KALINDEE RAIL NIRMAN ENGINEERS AND BEML AS THESE ARE PURELY ASSOCIATED WITH RAILWAYS.
BUY AXIS BANK ABOVE 865 SL 854 TGT 880/889/899
BUY M&M ABOVE 712 SL 699 TGT 725/734
BUY BPCL ABOVE 453 SL 443 TGT 464/472
BUY NEYVELLIGNITE 128 SL 122 TGT 135/138
BUY APTECH 178 SL 166 TGT 189/194

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.