INTRADAY TIPS FOR 28 AUGUST 2009

GOOD MORNING!!!

INDICES CLOSED WITH SMALL GAINS AND EXTENDING GAINS FOR THE STRAIGHT SIXTH DAY THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET, WAS POSITIVE. CAPITAL GOODS STOCKS ROSE. IT STOCKS GAINED AFTER THE TOP THREE ITFIRMS WON A LARGE ORDER FROM BRITISH PETROLEUM. REALTY STOCKS FELL. THE MARKET RECOVERED AFTER AN EARLY SLIDE TRIGGERED BY WEAK GLOBAL STOCKS. THE INDICES MOVED INTO POSITIVE ZONE IN MORNING TRADE. IT SLIPPED INTO THE RED AGAIN LATER. THE MARKET ONCE AGAIN MOVED INTO THE GREEN FROM RED IN EARLY AFTERNOON TRADE. THE MARKET EXTENDED GAINS IN AFTERNOON TRADE. THE MARKET PARED GAINS IN MID-AFTERNOON TRADE. VOLATILITY WAS HIGH IN LATE TRADE WITH THE SENSEX ALTERNATIVELY MOVING BETWEEN POSITIVE AND NEGATIVE ZONE AS TRADERS ROLLED OVER POSITIONS IN THE DERIVATIVES SEGMENT FROM AUGUST 2009 SERIES TO SEPTEMBER 2009 SERIES. THE GOVERNMENT'S IMMEDIATE OBJECTIVE IS TO REVERSE DECLINING EXPORTS AND THE TRADE POLICY WILL GIVE THRUST TO EMPLOYMENT ORIENTED SECTORS, COMMERCE MINISTER ANAND SHARMA SAID TODAY AT THE TIME OF UNVEILING A TRADE POLICY FOR THE FIVE YEARS ENDING MARCH 2014. THE MINISTER SAID HE EXPECTS EXPORTS TO GROW 15% IN FISCAL YEAR ENDING MARCH 2011. THE GOVERNMENT WILL CONTINUE A TAX REFUND SCHEME FOR EXPORTERS UNTIL DECEMBER 2010 WHILE A DUTY-FREE EXPORT PROMOTION SCHEME WILL BE VALID UNTIL MARCH 2011, SHARMA SAID ON THURSDAY.

TODAY IF NIFTY TRADES BELOW 4663 THEN WE MAY SEE A DECLINE TO 4630 AND IF IT BREAKS AND TRADES THEN IT WILL MOVE TO 4600 AND ON THE UPSIDE IF NIFTY TRADES ABOVE 4693 THEN WE CAN SEE NIFTY TO MOVE UP TO 4730 AND THEN TO 4741 AND IF NIFTY BREAKS 4741 AND CLOSES THEN WE CAN SEE NIFTY TO MOVE UP TO NEW HIGHS AND MAY SEE A TARGET OF 4800-5000-5200 IN NEAR TERM.

BUY ANANTRAJ INDS SL 145 TGT 160/165
BUY VIDECON SL 237 TGT 250/255
BUY SRF SL 152 TGT 160/164
BUY BRFL SL 202 TGT 211/214
POSITIONAL TRADES

BUY KALINDEE RAIL NIRMAN (ENGINEERS) LTD AT 141.5 TGT 215**
BUY KOHINOOR FOODS AT 57 TGT 72
BUY VARUN SHIPPING AT 58 TGT 73
BUY BINANI CEMENT AT 61 TGT 77
BUY NITCO LTD AT 63 TGT 79
BUY ESSAR SHIPPING PORTS AND LOGISTICS AT 66 TGT 83

INTRADAY TIPS FOR 27 AUGUST 2009

GOOD MORNING!!!

INDICES EXTENDED GAINS FOR THE FIFTH DAY IN A ROW AFTER THE FINANCE MINISTER SAID ECONOMIC REFORMS WOULD BOOST GROWTH. SHARE FROM THE IT PACK LED THE RALLY TO THE MAXIMUM ALONG WITH REALTY, METAL AND POWER STOCKS ALSO ATTRACTED BUYING DEMAND. HOWEVER, BANKING SHARES WERE ON SELLING PRESSURE DUE TO PROFIT BOOKING. FMCG AND SELECT AUTO SHARES ALSO DIPPED ON PROFIT BOOKING. THE MARKET WAS VOLATILE. AFTER AN EARLY SURGE TRIGGERED BY STRONG US ECONOMIC DATA, THE MARKET CAME OFF THE HIGHER LEVEL. IT REGAINED STRENGTH LATER. THE MARKET ERASED ALMOST ITS ENTIRE INTRADAY GAINS IN EARLY AFTERNOON TRADE AFTER THE LATEST DATA SHOWED A SLOWDOWN IN INFRASTRUCTURE SECTOR GROWTH. THE MARKET SURGED LATER AS EUROPEAN STOCKS RECOVERED FROM AN INITIAL SLIDE. THE MARKET RETRACED FROM THE DAY'S HIGH ON PROFIT BOOKING AFTER A RECENT STRONG RALLY. THE MARKET MOVED IN A RANGE IN LATE TRADE.

TODAYTHE KEY BENCHMARK INDICES MAY DECLINE TRACKING WEAK GLOBAL CUES AS INVESTORS MAY BOOK PROFITS AFTER RECENT SURGE IN INDICES. VOLATILITY MAY REMAIN HIGH TODAY AS TRADERS ROLL OVER POSITIONS IN THE DERIVATIVES SEGMENT FROM AUGUST 2009 SERIES TO SEPTEMBER 2009 SERIES, AHEAD OF THE EXPIRY. THE MARKET WILL KEENLY WATCH FOREIGN TRADE POLICY TO BE ANNOUNCED BY THE COMMERCE MINISTER ANAND SHARMA TODAY. THE FOREIGN TRADE POLICY IS WIDELY EXPECTED TO CONTAIN SOPS FOR LABOUR INTENSIVE SECTORS LIKE GEMS AND JEWELLERY, TEXTILES AND LEATHER. INDIA'S EXPORTS IN THE LAST 10 MONTHS HAVE BEEN SLIDING STEADILY BY MORE THAN 25 PER CENT.

IF NIFTY TRADES ABOVE 4700 ONE CAN GO LONG FOR A TARGET OF 4741 AND BREAK BELOW 4641 THEN MARKET MAY SEE 4600. IT IS WISE TO TRADE WITH STRICT STOPLOSS AND BOOK PROFITS AT REGULAR INTERVALS. ONE IS ADVICED TO STAY CAUTIOUS IN TODAYS MARKET AND TEXTILES, GEMS JEWELLERY IS EXPECTED TO HAVE HIGH VOLATILITY WITH POSITIVE BIAS SO STAY FOCUSED ON THESE SECTORS.

BUY EVERONN SYSTEMS SL 388 TGT 404/411
BUY ALOK INDS SL 20.5 TGT 23.5/24.5
BUY ABAN AT 1520 SL 1485 TGT 1630/1725
BUY ZEEL AT 215 SL 212.8 TGT 226/233
BUY TECHM AT 914 SL 904 TGT 936/949
BUY ARVIND MILLS SL 30.9 TGT 33.45

BUY JAYASWAL NECO INDS LTD TGT 35/48(MEDIUM TERM)

INTRADAY TIPS FOR 26 AUGUST 2009

SUSTAINED BUYING DEMAND IN INDEX PIVOTALS HELPED KEY BENCHMARK INDICES EXTEND GAINS FOR THE FOURTH DAY IN WHAT WAS A HIGHLY CHOPPY TRADING SESSION. INDICES LOGGED DECENT GAINS AS PIVOTALS REBOUNDED AFTER AN EARLY SLIDE WITH SOFTWARE STOCKS LEADING THE RECOVERY. VOLATILITY WAS HIGH AS TRADERS ROLLED OVER POSITIONS FROM AUGUST 2009 SERIES TO SEPTEMBER 2009 SERIES IN THE DERIVATIVES SEGMENT AHEAD OF THE EXPIRY OF AUGUST 2009 CONTRACTS ON THURSDAY, 27 AUGUST 2009. AFTER A WEAK OPENING TRIGGERED BY LOWER ASIAN STOCKS, THE MARKET SOON STAGED A REBOUND FROM LOWER LEVEL RECOUPING MOST OF THE EARLY LOSSES. HOWEVER, THE RECOVERY PROVED SHORT-LIVED. THE MARKET WEAKENED IN MID-MORNING TRADE. AFTER HITTING A FRESH INTRADAY LOW, THE MARKET BOUNCED BACK ONCE AGAIN IN EARLY AFTERNOON TRADE AS CHINESE STOCKS RECOVERED AFTER A STEEP INTRADAY FALL. COMMENTS BY STATE BANK OF INDIA CHAIRMAN THAT THE BIGGEST COMMERCIAL BANK IN TERMS OF BRANCH NETWORK IS UNLIKELY TO RAISE LENDING RATES IN THE NEXT SIX MONTHS, ALSO BOOSTED SENTIMENT. THE MARKET SLIPPED INTO THE RED FOR A SHORT WHILE IN MID-AFTERNOON TRADE BEFORE REGAINING POSITIVE ZONE. GAINS IN INDEX HEAVYWEIGHTS RELIANCE INDUSTRIES(RIL) AND LARSEN & TOUBRO (L&T) PUSHED THE SENSEX TO A FRESH INTRADAY HIGH IN MID-AFTERNOON TRADE.

TODAY MARKET LOOKS VOLATILE WITH HIGHLY RANGE BOUND TRADING. IF NIFTY SUSTAINS ABOVE 4680 THEN IT CAN LEAD THE MARKET TO 4740 LEVELS AND ON THE DOWN SIDE IF NIFTY TRADES BELOW 4625 THEN WE CAN SEE NIFTY TO TOUCH 4585 LEVELS. STAY CAUTIOUS IN THE MARKET AND PLAY WITH STRICT STOPLOSS. KEEP AN EYE ON TECH STOCKS AND CAPITAL GOODS. BANKING STOCKS LOOKS WEAK.

BUY LT SL 1554 TGT 1586
BUY TECH MAHINDRA SL 867 TGT 933/945
BUY TRANSFORMERS AND RECTIFIERS SL 340 TGT 355/362
BUY POLARIS SL 148 TGT 155/159
BUY NIIT TECH SL 132 TGT 140/142
POSITIONAL TRADES
BUY BF UTILITIES AROUND 900 TGT 1500/2000/2500***
BUY IFGL REFRACTORIES AT 26 TGT 50/60

INTRADAY TIPS FOR 25 AUGUST 2009

GOOD MORNING!!!

NDICES EXTENDED GAINS FOR THE STRAIGHT THIRD DAY BY STRONG GLOBAL CUES. WITH SHARES FROM REALTY, METAL AND CAPITAL GOODS SHARES IN FOREFRONT. STOCKS ACROSS THE GLOBE SURGED WITH EUROPEAN AND ASIAN STOCKS ADVANCING TO A 10-MONTH HIGH TODAY, 24 AUGUST 2009. THE US INDICES RALLIED ON FRIDAY, 21 AUGUST 2009 WITH THE S&P 500 AND THE NASDAQ STRIKING 10-MONTH HIGHS IN INTRADAY TRADE, WHILE THE DOW INDUSTRIALS HIT ITS HIGHEST LEVEL IN NINE MONTHS. THE MARKET BREADTH WAS STRONG ON BSE WITH SMALL AND MID-CAP STOCKS ALSO PARTICIPATING IN THE RALLY. TODAY'S ADVANCE WAS BROAD BASED WITH ALL BSE SECTORAL INDICES EDGING HIGHER. VOLATILITY MAY RISE AHEAD OF THE EXPIRY OF THE AUGUST 2009 SERIES ON THURSDAY, 28 AUGUST 2009. EUROPEAN MARKETS HIT HIGHEST LEVEL SINCE MID-OCTOBER 2008 TODAY, 24 AUGUST 2009 BUOYED BY RENEWED HOPES THAT THE GLOBAL ECONOMIC RECOVERY IS GATHERING PACE. ASIAN STOCKS RALLIED LIFTING WORLD SHARES TO A 10-MONTH HIGH, AFTER UPBEAT US HOUSING DATA AND OPTIMISTIC COMMENTS FROM FEDERAL RESERVE CHAIRMAN BEN BERNANKE SPURRED BUYING OF RISKIER ASSETS. KEY BENCHMARK INDICES IN CHINA, SOUTH KOREA, JAPAN, HONG KONG, SINGAPORE AND TAIWAN WERE UP BY IN THE LAST TRADING DAY.TODAY WITH GLOBAL QUES LOOKING WEAK WITH CHINA AND OTHER INDEXES DOWN BY 2 ODD PERCENT MAY OPEN NEGATIVE BUT THE STRONG RALLY WILL LEAD THE MARKET AGAIN TO A HEALTHY ZONE OF BUYING AND BUYING SPREE MAY CONTINUE WITH PROFIT BOOKING AT EVERY HIGHER INTERVALS ONE CAN LOOK AT MARKET ON A POSITIVE SIDE AND BUY ON EVERY DECLINE KEEPING 4480 AS STOPLOSS IN NIFTY.

TODAY MARKET WOULD OPEN NEGATIVE AND IT WOULD BE RANGE BOUND WITH THE SETTLEMENT AHEAD. IF NIFTY CROSSES TRADES BELOW 4600 AND TRADE THEN NIFTY WILL TAKE A SUPPORT AT 4565 AND BREAK BELOW THIS LEVEL WILL TAKE NIFTY TO 4529 AND ANY THING CLOSE BELOW 4529 IS ADVISED TO EXIT LONGS AND CLOSE BELOW 4480 ONE CAN GO SHORT. AND ON THE LONG SIDE IF NIFTY CROSSES 4662 THEN MARKET CAN RALLY TO 4706 AND BREAK ABOVE THIS LEVEL WOULD TAKE NIFTY TO 4740 CLOSE ABOVE 4700 IS CONSIDERED TO BE VERY BULLISH AND ONE CAN EXPECT MARKET TO CROSS 5000 LEVELS IF NIFTY CLOSES ABOVE 4700 LEVELS.

SELL ICICI BANK SL 772 TGT 752/743
BUY CESC SL 341 TGT 352/360
BUY MAHINDRA HOLIDAY SL 344 TGT 357/362
BUY LT AT 1535 SL 1524 TGT 1555/1567
BUY TATAMOTORS ABOVE 462 SL 458 TGT 467/472
BUY ASHOK LEYLAND AT 37.5 TO 38 SL 36.9 TGT 39/41
BUY SPANCO TELESYSTEMS TGT 75/90 (MEDIUM TERM)
BUY VALECHA ENGINEERING TGT 110/140 (MEDIUM TERM)

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