INTRADAY TIPS FOR 24 AUGUST 2009

GOOD MORNING!!!
TODAY MARKET LOOKS POSITIVE AND NIFTY EXPECTED TO BREAK 4700 IN NEXT TWO TRADING SESSIONS. ONLY BELOW 4480 ONE SHOULD EXIT ELSE STAY LONG. TODAY REALITY, BANKING AND TEA STOCKS WILL OUTPERFORM KEEP CLOSE EYE ON TEA STOCKS.

BUY YES BANK SL 169 TGT 178/184/190
BUY TATAMOTORS SL 429 TGT 442/445
BUY ABAN SL 1179 TGT 1206/1237/1258
BUY IBREAL SL 254 TGT 265/277
BUY HARRISON MAL SL 98 TGT 107/111
BUY ICICI BANK SL 738 TGT 759/770
BUY TATA STEEL SL 439 TGT 456/462
BUY HEROHONDA SL 1464 TGT 1498/1514
BUY SPANCO TELESYSTEMS TGT 79/92 (MEDIUM TERM)

INTRADAY TIPS FOR 21 AUGUST 2009

GOOD MORNING!!!
FIRM GLOBAL STOCKS HELPED INDIAN STOCKS EDGE HIGHER IN WHAT WAS A VOLATILE TRADING SESSION. THE BAROMETER INDEX BSE SENSEX REGAINED THE PSYCHOLOGICAL 15,000 LEVEL WITHIN A DAY AFTER FALLING BELOW THAT MARK ON WEDNESDAY, 19 AUGUST 2009. THE BSE 30-SHARE SENSEX JUMPED 202.68 POINTS OR 1.37%, OFF 132.68 POINTS FROM THE DAY'S HIGH AND UP 84.14 POINTS FROM THE DAY'S LOW. BUT THE UPMOVE WAS ON THE BACK OF LOWER TURNOVER. AS PER PROVISIONAL DATA, FOREIGN FUNDS TODAY, 20 AUGUST 2009, SOLD STOCKS WORTH A NET RS 438.19 CRORE. DOMESTIC FUNDS BOUGHT EQUITIES WORTH A NET RS 489.42 CRORE STOCKS ROSE ACROSS THE GLOBE LED BY A NEAR 5% RALLY IN CHINA'S SHANGHAI COMPOSITE INDEX. CLOSER HOME, AUTO, METAL, AND BANKING SECTOR STOCKS HOGGED LIMELIGHT. ALL SECTORAL INDICES ON BSE LOGGED GAINS. ADANI POWER SETTLED AT RS 100.05 ON BSE, A MARGINAL PREMIUM TO ITS THE INITIAL PUBLIC OFFER (IPO) PRICE OF RS 100 PER SHARE. INDEX HEAVYWEIGHT L&T CAME SHARPLY OFF THE HIGHER LEVEL IN LATE TRADE SOON AFTER GLOBAL RATING AGENCY MOODY'S CUT ITS RATING OUTLOOK ON THE STOCK FROM STABLE TO NEGATIVE

TODAY MARKET WOULD BE HIGHLY RANGE BOUND AND INDEX WILL HOVER ON POSITIVE AND NEGATIVE TERRAINS ONE CAN GO LONG IN NIFTY ONLY IF NIFTY TRADES ABOVE 4495 FOR A TARGET OF 4540 AND BREAK ABOVE THIS LEVEL WOULD TAKE NIFTY TO 4576 AND CLOSING ABOVE 4495 ONE CAN EXIT SHORT AND CLOSE ABOVE 4512 ONE CAN TAKE LONG POSITIONS AND CARRY FOR THE NEXT DAY. AND ON THE NEGATIVE SIDE IF NIFTY BREACHES 4430 THEN WILL HEAD TOWARDS 4392 AND BREAK BELOW THIS LEVEL NIFTY WOULD TAKE SUPPORT AROUND 4332 LEVELS AND CLOSING ANYTHING BELOW 4350 ONE CAN EXPECT NIFTY TO TOUCH 4230 IN NEXT COUPLE OF TRADING DAYS.

BUY MARUTI SL 1355 TGT 1384/1400
BUY CAIRN SL 238 TGT 245/249
BUY WELSPUN SL 208 TGT 216/219 (ONE CAN HOLD IT POSITIONALLY FOR TGT 300++)***
BUY GENESYS AT 92 SL 89 TGT 100++(ONE CAN HOLD POSITIONALLY FOR A TGT OF 140)

POSITIONAL TRADES
BUY NOIDA TOLL SL 38 TGT 41.50/42.70
BUY MAN INDUSTRIES AT 49.5 TGT 62
BUY USHA MARTIN AT 52.10 TGT 66
BUY JINDAL STAINLESS SL 76.4 TGT 96
BUY RESURGERE MINES AND MINERALS INDIA LTD AT 79 TGT 99
BUY RATNAMANI METALS AND TUBES LTD AT 81.65 TGT 103

INTRADAY TIPS FOR 20 AUGUST 2009

GOOD MORNING!!!

KEY BENCHMARK INDICES EDGED LOWER IN CHOPPY TRADE AS WORLD STOCKSFELL LED BY A SHARP SLIDE IN CHINESE STOCKS. CLOSER HOME, SCANTYRAINS, CRUCIAL FOR INDIA'S DOMESTIC DEMAND DRIVEN ECONOMY, WEIGHEDON INVESTOR SENTIMENT. VOLATILITY IN INDEX HEAVYWEIGHT RELIANCEINDUSTRIES (RIL) CAUSED VOLATILITY IN SENSEX IN THE LATTER PART OFTHE TRADING SESSION. METAL, OIL & GAS AND REALTY STOCKS LED THE DECLINE.
NEGATIVE FACTORS FOR OUR MARKETS IN THE SHORT TERM ARE

1. WEAK MANSOONS
2. DECLINE IN EXPORTS
3. WEAK ECONOMIC DATA
4. CHINA EFFECT
5. CONCERNS ON SWINE FLU
ONE IS ADVICED TO STAY WITH THE TREND THAN JUST GOING ON AN INTRADAY VOLATILITY

TODAY MARKET WOULD BE VOLATILE ON A POSITIVE OPENING BUT OVERALL HEALTH OF THE MARKET REMAINS STILL BEARISH SO ONE IS ADVISED TO STAY CAUTIOUS ON HOLDING PERSPECTIVE AND ON INTRADAY BASIS ONE HAS TO SEE 4392 LEVEL FOR SHORTING FOR A TARGET OF 4350 AND 4230 AND ON THE UPSIDE ONE HAS TO SEE ABOVE 4431 IT CAN REACH 4471 AND BREAK ABOVE THIS POINT WILL LEAD MARKET TO 4495. WATCH POWER STOCKS

BUY ICICI BANK SL 711 TGT 733/746
BUY TATASTEEL SL 430 TGT 440/446
BUY ABAN SL 1101 TGT 1125/1135/1145
BUY LT SL 1475 TGT 1505/1537
POSITIONAL TRADES
BUY SWAN MILLS TGT 100/125
BUY ANSAL BUILDWELL TGT 60

INTRADAY TIPS FOR 19 AUGUST 2009

GOOD MORNING!!!
INDICES SPURTED ON POSITIVE GLOBAL INDICES. THE SENSEX WAS ABOVE PSYCHOLOGICAL 15,000 MARK. IT HAD FALLEN BELOW THIS MARK ON MONDAY IN A BROAD BASED SELL OFF. IT STOCKS FELL. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES PARED GAINS. BUYING WAS WITNESSED IN CAPITAL GOODS, BANKING AND METAL STOCKS. THE MARKET WAS VOLATILE. THE MARKET AFTER OPENING LOWER TURNED POSITIVE FOR A BRIEF PERIOD BEFORE REVERSING GAINS TRACKING WEAK ASIA. MARKET SURGED TO FRESH DAY'S HIGH IN MID-MORNING TRADE. THERE IS NO FRESH PROPOSAL FOR A FARM DEBT WAIVER AND ECONOMIC GROWTH IS EXPECTED TO BE 6 PERCENT-PLUS IN THE CURRENT FINANCIAL YEAR ENDING MARCH 2010, FINANCE MINISTER PRANAB MUKHERJEE SAID ON TUESDAY. MEANWHILE, INDIA'S JULY EXPORTS HAVE FALLEN 26 % FROM A YEAR EARLIER, TRADE SECRETARY RAHUL KHULLAR SAID ON TUESDAY. THE MONSOON SITUATION REMAINS GRIM WITH THE COUNTRY HEADING INTO THE WORST DROUGHT YEAR OVER THE LAST TWO DECADES. MONSOON WAS 56% BELOW NORMAL IN WEEK TO 12 AUGUST 2009 AND WAS 72% BELOW NORMAL IN THE SOYABEAN GROWING CENTRAL REGION IN PAST ONE WEEK, INDIA METEOROLOGICAL DEPARTMENT (IMD) SAID ON 13 AUGUST 2009. MONSOON RAINS WERE 29% BELOW NORMAL DURING THE PERIOD FROM 1 JUNE 2009 TO 12 AUGUST 2009. HOWEVER, INDIA'S WEATHER OFFICE HAS RULED OUT AN EARLY WITHDRAWAL FOR THIS YEAR'S MONSOON WHICH HAS STILL ONE AND HALF MONTHS TO COMPLETE ITS FULL JOURNEY. THE PROGRESS OF MONSOON IS CLOSELY WATCHED AS MORE THAN TWO-THIRDS OF THE PEOPLE LIVE IN VILLAGES AND 60% OF THE FARM LAND DEPENDS ON THE ANNUAL RAINS.

TODAY MARKETS WOULD HIGHLY RANGE BOUND AND WOULD HOVER POSITIVE TO NEGATIVE TERRAINS ONE HAS TO BOOK SMALLER PROFITS IN INTRADAY TERMS UNLESS AND UNTIL THE NIFTY BREACHES THE BELOW SAID LEVELS. ON THE NEGATIVE FRONT IF NIFTY TRADES BELOW 4412 ONE CAN TAKE A SHORT POSITION FOR A TARGETS OF 4322 AND BELOW THIS LEVEL NIFTY CAN TOUCH A LEVEL OF 4267 AND ON THE UPFRONT IF NIFTY TRADES ABOVE 4475 ONE CAN GO LONG FOR A TARGET OF 4516 AND ABOVE THIS LEVEL NIFTY WOULD FACE RESISTANCE AT 4540.
KEEP AN EYE ON EDUCATION STOCKS, METALS AND IT STOCKS

BUY LT ABOVE 1475 SL 1460 TGT 1488/1497

BUY 3I INFOTECH SL 69 TGT 79/82
BUY JINDAL STEEL SL 2970 TGT 3041/3078
BUY ROLTA SL 161 TGT 171/174

POSITIONAL TRADES
BUY CYBER TECH AT 13 TGT 24/30 (MEDIUM TERM)

BUY AKALI METALS SL 234 TGT 300 (SHORT TERM)

INTRADAY TIPS FOR 18 AUGUST 2009

GOOD MORNING!!!

GLOBAL SELL OFF AFTER A DISAPPOINTING US CONSUMER SENTIMENT REPORT REIGNITING CONCERNS ABOUT THE GLOBAL ECONOMIC RECOVERY TRIGGERED A SHARP SELL-OFF ON THE DOMESTIC BOURSES. SUSTAINED BEAR HAMMERING KEPT INDICES UNDER PRESSURE THROUGHOUT THE DAY. STOCKS ACROSS SECTORS COLLAPSED WITH THOSE FROM REALTY, METAL, BANKING AND AUTO GRIPPED FIRMLY UNDER SELL-OFF. ALL THE 30 SHARES FROM SENSEX PACK DECLINED. ASIAN STOCKS DROPPED TODAY FOR THE FIRST TIME IN THREE DAYS AFTERAN UNEXPECTED DECLINE IN A U.S. CONSUMER CONFIDENCE INDEX RAISED CONCERN ABOUT THE STRENGTH OF A REVIVAL IN GLOBAL GROWTH. THE KEY BENCHMARK INDICES IN CHINA, HONG KONG, SOUTH KOREA, SINGAPORE AND TAIWAN FELL BY BETWEEN 1.95% TO 5.79%. EUROPEAN SHARES WERE LOWER ON MONDAY, RETREATING FOR A SECOND DAY AS INVESTORS BECAME CAUTIOUS ON GLOBAL RECOVERY HOPES. THE KEY BENCHMARK INDICES IN FRANCE, GERMANY AND UK WERE DOWN BY BETWEEN 1.85% TO 2.1%.

TODAY MARKET WOULD NEGATIVELY BIASED AND HIGHLY RANGE BOUND. MARKET MAY TAKE SUPPORT AT 4342 AND BREAK BELOW THIS LEVEL WOULD TAKE MARKETS TO 4282 AND THIS LEVEL SHOULD HOLD GOOD FOR INTRADAY AND FALL BELOW THIS LEVEL ONE CAN TAKE AN OPPORTUNITY IN FRESH SHORTS. AND ONCE MARKET TOUCHES 4282 THERE IS EVERY CHANCE OF BOUNCE BACK ONE CAN EXIT SHORTS HERE FOR PROFIT BOOKING AND CLOSING ABOVE 4391 ONE CAN EXIT EVERYTHING AND STAY SIDELINE. ON THE UPSIDE NIFTY MAY SEE CRUCIAL RESISITANCE AT 4391 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 4442 WHICH IS REMOTE. KEEP AN EYE ON PHARMA & AUTO SECTORS.

BUY UNITECH WHEN MARKET DECLINE WITH SL 79 TGT 89-92
BUY IFCI WHEN MARKET DELINES WITH SL OF 44 TGT 52
SELL STER SL 630 TGT 606/600
SELL TISCO SL 442 TGT 431/425/418
SELL RELCAP SL 814 TGT 785/778.
SELL JINDALSTEL SL 2936 TGT 2870/2825
SELL DLF SL 371 TGT 359/351/347
POSITIONAL TRADES

BUY OMNITECH TGT 120 (POSITIONAL FOR 1 TO 3 MONTHS)
BUY AXIS IT&T TGT 100 (POSITIONAL WHICH IS ALREADY RECOMMENDED)

INTRADAY TIPS FOR 17 AUGUST 2009

GOOD MORNING!!!
INDICES PROVISIONALLY CLOSED NEAR THE DAY'S LOW ON PROFIT TAKING AHEAD OF THE WEEKEND AFTER THURSDAY. OIL & GAS STOCKS BUCKED THE WEAK TREND. IT, BANKING, AUTO, REALTY AND FMCG STOCKS FELL. THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET, WAS STILL POSITIVE BUT WEAK GLOBAL CUES ON THE WEAK CONSUMER DATA OF US HAVE WEAKENED THE MARKET WEAK CHINESE STOCKS AND POOR MONSOON TRIGGERED PROFIT TAKING AND MAY PROFIT TAKING MAY FOLLOW EVEN TODAY. THE MAJOR CAUSE OF CONCERN IS INVESTORS ARE WORRIED ABOUT POOR RAINS. MONSOON WAS 56% BELOW NORMAL IN WEEK TO 12 AUGUST 2009 AND WAS 72% BELOW NORMAL IN THE SOYABEAN GROWING CENTRAL REGION IN PAST ONE WEEK, INDIA METEOROLOGICAL DEPARTMENT (IMD) SAID ON THURSDAY. MONSOON RAINS WERE 29% BELOW NORMAL DURING THE PERIOD FROM 1 JUNE 2009 TO 12 AUGUST 2009. INDIA RELIES ON RAIN FOR 60% OF ITS IRRIGATION AND ON AGRICULTURE FOR 17% OF ITS ECONOMY.

TODAY MARKET WOULD BE NEGATIVELY BIASED TRADING BELOW 4550 WOULD TAKE NIFTY TO 4480 AND HERE NIFTY MIGHT TAKE SUPPORT AND BREAK BELOW THIS LEVEL IS CRUCIAL AND ONE CAN SEE NIFTY TO COME DOWN MUCH MORE. IF NIFTY CLOSES BELOW 4460 WOULD TAKE NIFTY TO 4342. ON THE UPSIDE NIFTY AFTER TOUCHING 4480 MAY SEE A PULL BACK TO 4530 AND TRADING ABOVE THIS POINT AFTER MAKING DAY LOW WOULD TAKE NIFTY TO THE MAXIMUM OF 4587 IF NIFTY TRADES ABOVE 4587 ONE CAN SEE NIFTY TO TRADE MUCH HIGHER THAN EXPECTED WHICH IS REMOTE.

BUY HCC SL 102 TGT 109/112
BUY FRESENIUS KABI ONCOLOGY SL 64 TGT 70/72
BUY TIME TECHO AT 40 SL 34 TGT 48/52 (CAN HOLD)
BUY HIND ALUMINIUM AT 37 SL 29 TGT 50/60 (CAN HOLD)
SELL RCOM BELOW 257 SL 261 TGT 250/242
SELL ABAN BELOW 1168 SL 1181 TGT 1142/1100
SELL ISPAT SL 23 TGT 22.25/21.30
SELL SUZLON SL 89 TGT 86.6/85
SELL HDFC SL 2330 TGT 2280/2260/2230

INTRADAY TIPS FOR 14 AUGUST 2009

GOOD MORNING!!!
INDICES SOARED AS PROPOSED A SURGE IN INDUSTRIAL PRODUCTION IN JUNE 2009 REINFORCED EXPECTATIONS THAT THE ECONOMY IS RECOVERING. A DRAFT DIRECT TAX CODE WHICH PROPOSES TO REDUCE TAX RATES ON INDIVIDUALS AND CORPORATES AND SCRAPPING OF THE SECURITIES TRANSACTION TAX (STT), ALSO BOOSTED SENTIMENT. THE RALLY ON THE DOMESTIC BOURSES WAS ALSO A PART OF RALLY ACROSS GLOBAL STOCKS TRIGGERED BY SIGNS OF A REVIVAL IN THE GLOBAL ECONOMY AND THE US FEDERAL RESERVE'S DECISION ON WEDNESDAY, 12 AUGUST 2009, TO KEEP INTEREST RATES LOW FOR A PROLONGED PERIOD. BULLS, NONETHELESS, TOOK HEART FROM THE ROBUST INDUSTRIAL PRODUCTION DATA. IN SHARP CONTRAST TO THE GLOOM IN THE FARM SECTOR, INDIA'S INDUSTRIAL OUTPUT EXPANDED 7.8% IN JUNE 2009, AT THE FASTEST PACE IN 16 MONTHS, BEATING FORECASTS BY A WIDE MARGIN

TODAY IF MARKET SUSTAINS ABOVE 4634 THEN IT WILL HAVE ITS NEXT JOURNEY TO 4674 BREAK ABOVE THIS LEVEL WOULD FACE A CRUCIAL RESISTANCE AT 4700. AND ON THE DOWNSIDE BREAK BELOW 4497 MARKET WOULD COME DOWN TARGETTING TO 4442 AND BELOW THIS LEVEL IT CAN TAKE NIFTY TO 4337 AND IF NIFTY CLOSES BELOW 4444 THEN THERE WOULD BE BLOOD BATH SO BE CAREFUL AND STRICTLY FOLLOW THE LEVELS INDICATED ABOVE.

STAY CAUTIOUS IN THIS MARKET AS IT MAY TURN NEGATIVE WIHTOUT ANY INDIATION

BUY BANK OF INDIA SL 320 TGT 329/337
BUY GMR INFRA SL 137.1 TGT 140/143/145
BUY ICSA SL 174 TGT 183/187/191
BUY JINDAL SAW SL 572 TGT 589/595/604
BUY JPASSOCIATES SL 219 TGT 234/239/243
BUY JP HYDRO SL 86.9 TGT 90/92
BUY MTNL SL 99.7 TGT 102.5/103.2
BUY RELCAPITAL SL 851 TGT 871/886
BUY MARUTI ABOVE 1370 SL 1359 TGT 1393/1404/1416/1432
BUY SBI ABOVE 1805 SL 1779 TGT 1829/1855
BUY KRBL SL 127 TGT 135/139
BUY IBREAL SL 241 TGT 252/255
BUY SUZLON SL 87 TGT 94/98

SELL APTECH BELOW 206 SL 210 TGT 197/190/177

POSITIONAL TRADES
BUY NIIT TECH TGT 160***

BUY HIND RECTIFIERS TGT 85/100/120**

BUY PHOTOQUIP INDIA TGT 50**
BUY DEEP INDUSTRIES TGT 109
BUY ESCORTS TGT 89
BUY GSPL TGT 88
BUY BALAJI TELE TGT 66
BUY BIHAR TUBES TGT 65