INTRADAY TIPS FOR 05 AUGUST 2009

GOOD MORNING!!!

KEY BENCHMARK INDICES EDGED LOWER, REVERSING GAINS IN THE PRECEDING THREE TRADING SESSIONS WITH LOWER EUROPEAN STOCKS AND US INDEX FUTURES TRIGGERED PROFIT TAKING AFTER A RECENT SOLID RALLY. IN THE OPENING TRADE BSE HAS HIT THE PSYCHOLOGICAL 16,000 MARK FOR THE FIRST TIME IN MORE THAN 14 MONTHS. REALTY, POWER AND IT STOCKS UNDERWENT CORRECTION EVEN AS AUTO STOCKS EXTENDED RECENT GAINS ALONG WITH FMCG SECTOR ON ROBUST JULY 2009 SALES. THE MARKET CUT LOSSES IN EARLY AFTERNOON TRADE AS INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL) AND STATE BANK OF INDIA (SBI) ROSE AND RECOVERED TO A GREATER EXTENT.

MARKET THOUGH LOOKED TO BE NEGATIVE YESTERDAY THIS HAS TO BE CONSIDERED AS RETRACEMENT, MARKET STILL LOOKS VERY STRONG WHEN YOU LOOK ON THE OVERALL HEALTH OF THE MARKET. ONE NEEDS TO UNDERSTAND THAT AND GO ALONG WITH THE TREND THAN JUST GOING WITH THESE SMALLER FLUCTUATIONS DON’T GET PANIC IN THIS MARKET AS MARKET IS ON THE BULLISH SIDE ONE CAN RETAIN POSITIONS ON THE LONGER SIDE AS LONG AS NIFTY DOESN’T BREAK THE LEVELS INDICATED BELOW. MARKET MAY SEE NEW HIGHS ONCE IF NIFTY BREAKS ABOVE 4700 AND TRADES. IF NIFTY TRADES ABOVE 4700 ONE CAN GO LONG WITH A TARGET OF 4769 AND BREAK ABOVE THIS LEVEL CAN TAKE MARKET TO 4808 AND IF MARKET CROSSES THIS LEVEL THEN IT IS QUITE EVIDENT THAT WE CAN SEE MARKET AT 5000 AND THEN 5200 IN A VERY SHORT RUN AND ON THE NEGATIVE TERRAIN IF MARKET TRADES BELOW 4660 THEN WE CAN SEE MARKET TAKING SUPPORT AT 4625 LEVELS AND BREAK BELOW THIS 4587 AND BREAK BELOW THIS LEVEL ONE IS ADVISED TO EXIT LONGS AND STAY AWAY FROM TRADE TILL MARKET BREACHES 4540 LEVELS. I WOULD ADVICE TRADERS NOT TO GO SHORT. TODAY MARKET WOULD BE POSITIVELY BIASED.

BUY INDIA CEMENTS SL 141.7 TGT 147.5/149
BUY TATA MOTORS SL 437 TGT 455/463/469
BUY ACC ABOVE 905 SL 890 TGT 918/927
BUY RELCAP SL 904 TGT 927/935/946
BUY SUZLON SL 95.7 TGT 99.30/103/106

INTRADAY TIPS FOR 04 AUGUST 2009

GOOD MORNING!!!

THE KEY BENCHMARK INDICES ROSE FOR THE THIRD SESSION IN A ROW, HELPED BY FIRM EUROPEAN STOCKS AND HIGHER US INDEX FUTURES. SIGN OF RECOVERY IN THE INDIAN ECONOMY, WITH BETTER-THAN-EXPECTED Q1 JUNE 2009 RESULTS FROM INDIA INC WHICH JUST GOT OVER AND BUYING BY FOREIGN FUNDS UNDERPINNED SENTIMENT. THE BAROMETER INDEX BSE SENSEX AND THE 50-UNIT S&P CNX NIFTY, BOTH ATTAINED THEIR HIGHEST CLOSING LEVEL IN 14 MONTHS. THE SENSEX HAS RISEN 750.77 POINTS AROUND 5% IN LAST THREE TRADING SESSIONS. SECTORS LIKE AUTO ROSE ON SALES AND METAL SECTOR ROSE ON FIRM LME TRADING AND WITH REALITY SECTOR ADDING ITS SHARE IN UPSIDE, RELIANCE BOOSTED THE INDEX FURTHER TO A NEW HIGHS. MARKET REMAINED IN A VERY BULLISH ZONE.

MARKETS TODAY WILL BE VOLATILE WITH POSITIVE BIAS AND IS EXPECTED TO GO TO NEW HEIGHTS. TODAY IF NIFTY TRADES ABOVE 4740 THEN IS EXPECTED TO MOVE TO 4785 AND THEN BREAK ABOVE THIS LEVEL IS EXPECTED TO MOVE TO 4807 SUSTAINING ABOVE 4807 MARKET MAY SEE VERY STRONG RALLY UPTO 4970 LEVELS ONE CAN MOVE THEIR STOPLOSS TO THE LEVELS INDICATED ON THE LONG SIDE AND ON THE DOWN SIDE IF MARKET TRADES BELOW 4693 THEN IT MAY GO TO 4650 AND THEN TO 4639 ONE CAN EXIT THEIR LONGS ONLY WHEN MARKET TRADES BELOW 4600 ON THE CLOSING BASIS.

BUY M&M 916 SL 906 TGT 930
BUY BHEL 2340 SL 2325 TGT 2362/2380
BUY HCL 252 SL 248 TGT 258/263
BUY UNITECH ABOVE 95 SL 93.6 TGT 97/100
BUY JSWSTEEL SL 733.5 TGT 765/.775
BUY ABAN SL 1110 TGT 1200/1230
BUY RCOM ABOVE 292 SL 288 TGT 297/301/306
BUY ONGC SL 1165 TGT 1194/1218
BUY CAIRN SL 242 TGT 248/251

INTRADAY TIPS FOR 03 AUGUST 2009

GOOD MORNING!!!

INDICES WERE VERY POSITIVE IN THE OPENING TRADE ON FRIDAY AND PAIRED GAINS AFTER A NEGATIVE BREADTH WITH EUROPEAN STOCKS SOARING IN THE AFTERNOON, MARKET BOUNCED BACK WITH VENGEANCE AND WAS UP BY AROUND 70 POINTS IN NIFTY INDICATING OVERALL HEALTH OF THE MARKET REMAINS VERY STRONG. BANKING AND FMCG STOCKS ROSE. REALTY STOCKS FELL IN VOLATILE TRADE. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL) PARED GAINS. THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET WEAKENED FROM EARLIER STRONG BREADTH BUT CORE STRUCTURE STILL REMAINS STRONG. THE Q1 JUNE 2009 RESULTS ANNOUNCED SO FAR HAVE BEEN ENCOURAGING, WITH LOWER COSTS HELPING BOTTOMLINE GROWTH. THE MAJOR CAUSE OF CONCERN IS MONSOONS. BUT A WEAK MONSOON REMAINS A BIGGEST CAUSE OF CONCERN. INDIA'S MONSOON RAINS WERE 18% BELOW NORMAL IN THE WEEK TO 29 JULY 2009, HAVING BEEN ABOVE NORMAL IN THE PRECEDING TWO WEEKS. TOTAL RAINFALL SINCE THE BEGINNING OF JUNE WAS 19% BELOW AVERAGE, THE INDIA METEOROLOGICAL DEPARTMENT SAID ON THURSDAY. ON THE FLIP SIDE, WATER LEVELS IN INDIA'S 81 MAIN RESERVOIRS ROSE TO 35% OF CAPACITY IN THE WEEK TO 30 JULY 2009, UP FROM 23% A WEEK EARLIER AND 31% A YEAR AGO, GOVERNMENT DATA SHOWED. MORE THAN TWO-THIRDS OF THE PEOPLE LIVE IN VILLAGES AND 60% OF THE FARM LAND DEPENDS ON THE ANNUAL RAINS.

TODAY MARKET WOULD BE RANGE BOUND. MARKET IS IN BULLISH PHASE AND IS EXPECTED TO REMAIN BULLISH AND HEAD TOWARDS 4800-5000-5200 FOR TODAY ONE CAN TAKE FRESH POSITIONS STRONGLY IN THE CLOSING IF MARKET SUSTAIN ABOVE 4700 FOR POSITIONAL TRADING AND FOR INTRADAY TRADING ONE CAN GO FOR BUYING WITH A STOPLOSS OF 4580 MARKET WOULD GET AGGRESSIVE ON THE BUYING SIDE IF NIFTY ONCE CROSSES 4700 AND HOLDS THERE. DON’T SHORT ANYTHING UNTIL MARKET BREACHES 4485 LEVELS AND EVERY DIP CAN BE USED AS BUYING OPPORTUNITY IN INTRADAY AND DON’T GET PANIC ON THE LONG SIDE AS MARKET WOULD BOUNCE BACK AT EVERY DECLINE SO REMAIN LONG WITH STOPLOSS AND DON’T GET PANIC IN INTRADAY AS MARKET BREADTH IS POSITIVE.

BUY TATA MOTORS SL 414 TGT 428/432 **
BUY HCL INFOSYS SL 115 TGT 123/125
BUY ESSAR OIL SL 147 TGT 157/160
BUY ONGC SL1149 TGT 1178/1189
BUY UNITECH SL 89.20 TGT 91.50/94
BUY ABAN SL 1020 TGT 1079/1100
BUY RCOM ABOVE 278 SL 272 TGT 283/288/294

INTRADAY TIPS FOR 31 JULY 2009

GOOD MORNING!!!
THE KEY BENCHMARK INDICES PARED GAINS IN AFTERNOON TRADE AS INDEX HEAVYWEIGHT RELIANCE INDUSTRIES FELL. IT, REALTY, CEMENT, CONSTRUCTION, POWER STOCKS ROSE. INDIA'S BIGGEST BANK IN TERMS OF BRANCH NETWORK STATE BANK OF INDIA (SBI) ROSE AFTER GOOD Q1 RESULT. FIRM GLOBAL STOCKS SUPPORTED DOMESTIC MARKET. THE MARKET BREADTH WAS POSITIVE. VOLATILITY WAS HIGH AS TRADERS ROLLED OVER POSITIONS FROM JULY 2009 CONTRACTS TO AUGUST 2009 CONTRACTS IN THE FUTURES & OPTIONS SEGMENT AHEAD OF THE EXPIRY OF JULY 2009 CONTRACTS TODAY, 30 JULY 2009. ROLLOVER OF NIFTY POSITIONS FROM JULY 2009 CONTRACTS TO AUGUST 2009 CONTRACTS WAS ABOUT 60% AT THE END OF WEDNESDAY'S (29 JULY 2009) TRADING. ROLLOVER IN MINI NIFTY FUTURES WAS ABOUT 43%. THE Q1 JUNE 2009 RESULTS ANNOUNCED SO FAR HAVE BEEN ENCOURAGING, WITH LOWER COSTS HELPING BOTTOMLINE GROWTH. THE COMBINED NET PROFIT OF 1357 COMPANIES ROSE 27% TO RS 61,979 CRORE ON 6.7% FALL IN SALES TO RS 5,65,811 CRORE IN Q1 JUNE 2009 OVER Q1 JUNE 2008.

TODAY MARKET LOOKS GREAT FOR LONGS ONE CAN REMAIN LONG AS LONG AS NIFTY IS ABOVE 4600 AND ONE HAS TO EXIT SHORT ABOVE 4650 AND CAN SEE NIFTY TO MOVE UPTO 5000 LEVELS IN THE VERY NEAR TERM IF NIFTY SUSTAINS ABOVE 4700 IT IS QUITE EVIDENT THAT MARKET WOULD SURPASS ALL THE RECENT HIGHS OF THE PAST. FOR INTRADAY IF MARKET CROSSES 4574 THEN IT IS QUITE EVIDENT THAT IT WILL TOUCH 4651 AND IF IT SUSTAINS ABOVE 4651 AND CLOSES THEN ONE CAN CARRY THEIR POSITIONS. ON THE NEGATIVE SIDE IF MARKET TRADES BELOW 4560 THEN ONE CAN GO SHORT WITH A STOPLOSS OF 4600 ONE CAN REMAIN SHORT AS LONG AS NIFTY IS BELOW 4600.

BUY SASKEN SL 115 TGT 125/130
BUY CAIRN SL 230 TGT 238/242
BUY ICSA SL 184 TGT 193/200
BUY M&M SL 840 TGT 870/881/900
BUY TATASTEEL SL 441 TGT 464/489
BUY IDFC SL 132 TGT 138/142

INTRADAY TIPS FOR 30 JULY 2009

GOOD MORNING!!!

INDICES CRASHED ON FRENZIED SELLING IN INDEX PIVOTALS IN EARLY AFTERNOON TRADE WITH ONGOING TENSION ON THE INDO-CHINA BORDER AGGRAVATED THE FALL. STOCKS WITH HIGH BETA VALUES WERE THE WORST HIT. MARKET BREADTH TURNED WEAK AFTER A POSITIVE START FOR THE DAY. MARKET THOUGH TURNED WEAK ON HUGE HUGE VOLUMES ONE CANNOT RULE OUT THAT BULL RUN IS COLLAPSED. IT IS WISE TO TRADE IN LESS QUANTITY OR STAY AWAY FROM MARKET FOR TODAY AS THERE IS CLOSING OF CONTRACT FOR THE MONTH OF JULY.

TODAY IF NIFTY BREACHES 4500 AND TRADES BELOW IT THEN ONE CAN SEE NIFTY AROUND 4440 AND BREACH BELOW THIS LEVEL WOULD DRIVE THE MARKET TO 4404 LEVELS AND BREACH BELOW THIS LEVEL WOULD TURN MARKET COMPLETELY TO THE NEGATIVE ZONE, ONE CAN TAKE SHORT POSITIONS IF NIFTY CLOSES BELOW 4400 LEVELS WITHOUT ANY HESITATION. IF NIFTY CROSSES 4525 AND TRADES THEN WE CAN SEE NIFTY TO SPIKE UPTO 4560 LEVELS AND THEN WE MAY SEE SOME RESISTANCE THERE AND IF MANAGED TO TRADE ABOVE THEN 4604 IS THE TARGET 4642. IF NIFTY CROSSES 4600 EXIT YOUR SHORTS WHEN NIFTY CROSSES 4650 IT IS ADVISED TO GO LONG.

BUY HEROHONDA ABOVE 1637 SL 1619 TGT 1679/1706
BUY JINDAL STEEL 3120 SL 3049 TGT 3200/3238/3290
BUY ROLTA 148 SL 146.4 TGT 150/152
BUY DLF ONLY ABOVE 403 SL 393 TGT 413/422/432
SELL HDIL BELOW 268 SL 271.7 TGT 258/254/245/237
SELL TATASTEEL BELOW 442 SL 446.5 TGT 432/421

INTRADAY TIPS FOR 29 JULY 2009

GOOD MORNING!!!

INDICES ENDED WITH MODEST LOSSES AFTER SWINGING WILDLY EITHER WAYS DURING THE COURSE OF THE DAY. VOLATILITY ROSE AFTER THE RESERVE BANK OF INDIA RAISED INFLATION AND GDP GROWTH FORECAST WHILE KEEPING KEY POLICY RATES UNCHANGED AT THEIR HISTORICAL LOW LEVEL AT A QUARTERLY MONETARY POLICY REVIEW. EUROPEAN MARKETS WERE SLIGHTLY LOWER AND MOST ASIAN STOCKS ROSE. POOR Q1 RESULTS CONTINUED TO WEIGH ON THE INDEX HEAVYWEIGHT RELIANCE INDUSTRIES FOR THE SECOND DAY IN A ROW. BANKING SHARES SLIPPED. HOWEVER POWER STOCKS ADVANCED. THE MARKET WAS VOLATILE. AFTER A FIRM START TRIGGERED BY GOVERNMENT SOPS TO STIMULATE THE ECONOMY ANNOUNCED AFTER TRADING HOURS ON MONDAY, 27 JULY 2009, THE MARKET SOON SLIPPED INTO THE RED. IT CUT LOSSES AFTER THE RBI'S POLICY ANNOUNCEMENT AT ABOUT 11:15 IST. HOWEVER THE INTRADAY RECOVERY PROVED SHORT LIVED. THE MARKET WEAKENED AGAIN. THE MARKET BOUNCED BACK ONE AGAIN IN AFTERNOON TRADE AS THE RBI KEPT POLICY RATES AT RECORD LOW LEVELS. THE SENSEX HIT ITS HIGHEST LEVEL IN MORE THAN A MONTH. HOWEVER, THE MARKET FAILED TO SUSTAIN HIGHER LEVEL AND ONCE AGAIN SLIPPED INTO THE RED LATER.

TODAY IF NIFTY TRADES BELOW 4532 THEN IT IS LIKELY TO TOUCH 4486 BUT ONE IS ADVICED TO STAY AWAY FROM SHORTS AS MARKET IS LOOKING VERY STRONG STUCTURALLY AND ABOVE 4572 MARKET MAY CROSS 4600 AND THEN 4617 AND IF IT TRADES ABOVE THIS LEVEL THEN ON CAN SEE NIFTY AT 4650 MARKET ON THE UPSIDE IS STRONG THAN ON THE NEGATIVE SIDE. WITH THE FNO SETTLEMENT ONE IS ADVICED TO TRADE LESS AND CAUTIOUSLY AS MARKET WOULD REMAIN RANGE BOUND WITH HIGH VOLATALITY.

BUY RELINFRA 1208 SL 1196 TGT 1222.
BUY TATA MOTORS ABOVE 412 SL 404 TGT 422/428
BUY SESAGOA SL 242 TGT 252/256
BUY HCC FUTURES ABOVE 116 SL 114.5 TGT 119/122
BUY SAIL SL 176 TGT 180/182
BUY BIRLACORP ABOVE 296 SL 291 TGT 304/308
BUY GITANJALI GEMS ABOVE 107.50 SL 103 TGT 112/115
SELL ICICI BANK BELOW 738 SL 749 TGT 725/715

ACCUMULATE EDSERV CALL WAS GIVEN YESTERDAY KEEP ADDING

INTRADAY TIPS FOR 28 JULY 2009

GOOD MORNING!!!

INDICIES ENDED ALMOST UNCHANGED AFTER GYRATING EITHER SIDE THROUGHOUT THE DAY. GLOBAL CUES WERE POSITIVE WITH ASIAN AND EUROPEAN MARKETS TRADING HIGHER. THE MARKET OPENED ON A SUBDUED NOTE AS INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL) FELL ON WEAK Q1 JUNE 2009 RESULTS IT ANNOUNCED AFTER TRADING HOURS ON FRIDAY, 24 JULY 2009 WHICH WERE MUCH LOWER THAN THE STREET EXPECTATIONS . THE MARKET FIRMED UP SOON ON BUYING IN BANKING AND IT PIVOTALS. THE SENSEX HIT ITS HIGHEST LEVEL IN 1-1/2 MONTHS. HOWEVER, THE RALLY PROVED SHORT-LIVED. THE MARKET MAY REMAIN VOLATILE THIS WEEK AS INVESTORS ROLLOVER POSITIONS FROM JULY 2009 CONTACTS TO AUGUST 2009 CONTRACTS AHEAD OF EXPIRY OF JULY 2009 FUTURES AND OPTIONS (F&O) CONTRACT ON THURSDAY, 30 JULY 2009. ANNUAL MONSOON RAINS AFTER A SLUGGISH START. INDIA'S MONSOON RAINS WERE 15% ABOVE NORMAL IN THE WEEK TO 22 JULY 2009, THE SECOND CONSECUTIVE WEEK OF ABOVE-AVERAGE RAINFALL AFTER AN EXCEPTIONALLY DRY PATCH AT THE START OF THE SEASON.

TODAY MARKET WILL BE VOLATILE AND IT IS ADVISED TO ALL THE TRADERS TO BOOK PROFITS WHENEVER ONE CAN DON’T LOOK FOR BIG PROFITS IN THIS WEEK AHEAD OF EXPIRY. MARKET WOULD BE RANGE BOUND, HOWEVER MARKET IS LOOKING STRONG AND REMAINS TO BE ON THE POSITIVE NOTE AS LONG AS IT DOESN’T BREACH 4400 MARK. ONE IS ADVICED TO STAY AWAY TILL IT CROSSES 4600 AND TRADES ABOVE IT AND ONE CAN TAKE FRESH LONG POSITIONS ONLY WHEN MARKET CLOSES ABOVE 4650 TILL THEN IT MAY BE RISKY BET TO GO LONG IN THIS CONDITIONS. IF NIFTY CROSSES 4610 THEN MAY GO UP TO 4640 AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4570 THEN YOU CAN SEE NIFTY TO COME TO 4557 AND THEN TO 4526 AND MAY SEE A BOUNCE ON REACHING THIS LEVELS SO ONE HAS TO TAKE CAUTIOUS TRADES ON THESE LEVELS AND ONE IS ADVICED TO BOOK SMALL PROFITS FOR THIS WEEK BY TRAILING YOUR STOPLOSSES.

BUY IDFC ABOVE 136 SL 134.5 TGT 138/140

BUY TATA MOTORS SL 372 TGT 390/397

BUY SRF SL 141 TGT 148/150
SELL TATA POWER BELOW 1250 SL 1261 TGT 1220/1200
SELL HINDUNILVR SL 301.7 TGT 296.6/294.75
SELL ONGC 1098 SL 1110 TGT 1084

POSTIONAL
BUY EDSERV TGT 100/150 (MEDIUM TERM)