INTRADAY TIPS FOR 10 JULY 2009

GOOD MORNING!!!

THE KEY BENCHMARK INDICES CLOSED FLAT AFTER MOVING BETWEEN POSITIVEAND NEGATIVE TERRAIN THROUGHOUT THE DAY IN WHAT WAS A VOLATILETRADING SESSION THE MARKET WAS VOLATILE. STOCKS EDGED HIGHER IN EARLY VOLATILETRADE AFTER THE INTERNATIONAL MONETARY FUND REVISED UPWARDS INDIA'SGROWTH PROJECTION BY 0.9% FOR 2009 AND 2010. BUT THE MARKET SLIPPEDINTO THE RED IN MID-MORNING TRADE ON CONCERNS OVER PROGRESS OFINDIA'S ANNUAL MONSOON AND WORRIES OVER A POSSIBLE DOWNGRADE OF THECOUNTRY'S SOVEREIGN RATING BY RATING AGENCIES DUE TO HIGH FISCALDEFICIT.. THE MARKET CUT ENTIRE LOSSES IN EARLY AFTERNOON TRADE SOON AFTERGOVERNMENT DATA SHOWED HEADLINE INFLATION HOVERING THE NEGATIVEZONE FOR A FOURTH CONSECUTIVE WEEK. THE MARKET ONCE AGAIN SLIPPEDINTO THE RED IN EARLY AFTERNOON TRADE BEFORE REGAINING POSITIVEZONE.

TODAY NIFTY TO TRADE IN NEGATIVE BIAS AND MARKET BREADTH IS VERY NEGATIVE AND MAY CONTINUE TO REAMAIN NEGATIVE TILL THE LEVELS INDICATED ARE BREACHED. IF NIFTY TRADES BELOW 4029 THEN ONE CAN EXPECT IT TO IMMEDIATELY TAKE SUPPORT AT 3989 AND THEN IF BREACHED AND TRADES THEN ONE CAN EXPECT IT TO TAKE NIFTY TO 3890. AND ON THE UPSIDE ONLY ABOVE 4152 ONE CAN SEE UPSIDE MOVE SO STAY CAUTIOUS ON THE LONG SIDE.

SELL HDFC SL 2335 TGT 2240/2180

GOOD MORNING!!!

THE KEY BENCHMARK INDICES SLUMPED AFTER THE GLOBAL RATING AGENCY STANDARD & POOR'S SAID THERE IS RISK THAT ITS SOVERIEGN CREDIT RATINGS ON INDIA MAY BE LOWERED. WEAK GLOBAL STOCKS ALSO DEAMPENED INVESTORS SENTIMANET. BANKING, METAL, CAPITAL GOODS AND REALITY STOCK LED THE FALL. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES DROPPED IN VOLATILE TRADE. THE BREADTH OF THE MARKET WAS VERY WEAK. THE MARKET CUT LOSSES IN MID-MORNING TRADE ON MEDIA REPOSTS THAT THE GOVERNMENT WILL HAVE ADISINVESTMENT ROAD MAP IN PLACE IN ABOUT THREE MONTHS TO BRIDGE THE HIGH FISCAL DEFICIT. INTRADAY RECOVERY GATHERED FURTHER STEAM IN AFTERNOON TRADE AFTER PLANNING COMMISSION DEPUTY CHAIRMAN MONTEK SINGH AHLUWALIA SAID THE GOVERNMENT'S 2009/2010 BUDGET WAS PRO-GROWTH AND ADDRESSED THE STIMULS NEEDS OF THE ECONOMY DESPITE OF NEWS LIKE THESE MARKET COULDNT SUSTAIN ITS RECOVERY AND THE RECOVERY WAS VERY SHORT LIVED AND THE MARKET SLUMPED IN THE LATE TRADE.

TODAY MARKET WOULD BE VOLATILE MARKET IF TRADES ABOVE 4112 THEN WE MAY SEE RESISTANCE AROUND 4155 LEVELS AND BREAK BELOW 4023 MARKET MAY LEAD TO 3980 AND TRADING BELOW THIS LEVEL MARKET MAY COME DOWN TO 3891.

SELL RELIANCE CAPITAL BELOW 758 SL 771 TGT 740/733

SELL RELINFRA BELOW 1075 SL 1091 TGT 1035/1011/950(ULTIMATE TGT)

WHEN MARKET SLIDES SEE BUYING OPPORTUNITIES IN SESAGOA, NMDC, NTPC & MARUTI FOR INTRADAY.

INTRADAY TIPS FOR 08 JULY 2009

GOOD MORNING!!!

THE KEY BENCHMARK INDICES ON TUESDAY RECOVERED MARGINALLY WITH THE HIGHER EUROPEAN STOCKS AND US INDEX FUTURES. HOWEVER, THE MARKET BREADTH INDICATING THE OVERALL HEALTH OF THE MARKET IS WEAK. WE HAVE SEEN A HIGHLY VOLATILE SESSION ON THE LAST TRADING DAY, WHICH WAS PARTLY A RELAXED SESSION AFTER A LONG NEGATIVE DAY. ONE SHOULD NOT BE SURPRISED IF MARKETS COME DOWN BY ANOTHER 400 POINTS FROM HERE ON. WE WOULD ADVISE ALL THE INVESTORS TO STAY CAUTIOUS AND GO LONG ONLY WHEN IT CROSSES THE LEVELS MENTIONED IN THIS BLOG.

TODAY MARKET LOOKS WEAK, WE CAN SEE A NEGATIVE OPENING AND THERE ARE HARDLY ANY CHANCES OF REBOUND IN THE MARKET. IF NIFTY CROSSES ABOVE 4229 THEN WE CAN EXPECT NIFTY TO GO UP TO 4282 AND IF NIFTY BREACHES 4160 THEN WE CAN SEE NIFTY AT 4128 AND IF NIFTY TRADES BELOW THIS LEVEL ONE CAN SEE NIFTY TO TAKE SUPPORT AT 4023 AND FURTHER CLOSING BELOW THIS LEVEL WOULD BRING NIFTY TO 3800 LEVELS IN A VERY SHORT TIME. TODAY CEMENT STOCKS AND TEXTILES LOOK GOOD FOR BUYING.

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