INTRADAY TIPS FOR 16 SEPTEMBER 2009

GOOD MORNING!!!

INDICES RESUMED GAINS AFTER TAKING A BREATHER ON MONDAY, 14 SEPTEMBER 2009 ON REPORTS OF HIGHER ADVANCE TAX PAYMENT BY SOME TOP INDIAN FIRMS. A SURVEY SHOWING AN IMPROVEMENT IN BUSINESS CONFIDENCE IN INDIA ALSO BOOSTED SENTIMENTS. REALTY, METAL AND BANKING STOCKS GAINED. THE TWO KEY INDICES - THE SENSEX AND THE S&P CNX NIFTY HIT THEIR HIGHEST CLOSING LEVEL IN MORE THAN 15 MONTHS. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES ROSE. THE MARKET BREADTH WAS STRONG. THE MARKET OPENED ON A FIRM NOTE TRACKING HIGHER ASIAN STOCKS. THE RALLY GATHERED FURTHER STRENGTH IN MID-MORNING TRADE WITH THE SENSEX HITTING A FRESH INTRADAY HIGH. THE MARKET CONTINUED UPTREND IN EARLY AFTERNOON TRADE WITH THE SENSEX AND NIFTY HITTING MULTI-MONTH HIGHS. THE MARKET PARED GAINS IN EARLY AFTERNOON TRADE. IT REGAINED STRENGTH IN MID-AFTERNOON TRADE, HOVERING NEAR THE DAY'S HIGH. THE SENSEX HIT FRESH INTRADAY HIGH IN LATE TRADE. HIGHER ADVANCE TAX PAYMENT BY SOME OF THE TOP FIRMS IN THE SECOND INSTALLMENT OF 15 SEPTEMBER 2009 MEANS THEIR PROFITS MAY RISE IN Q2 SEPTEMBER 2009 OVER Q2 SEPTEMBER 2008. AS PER REPORTS, STATE BANK OF INDIA, INDIA'S BIGGEST COMMERCIAL BANK BY BRANCH NETWORK, HAS PAID 71.5% HIGHER ADVANCE TAX AT RS 1,832 CRORE IN THE SECOND QUARTER OF 2009-10 OVER THE CORRESPONDING PERIOD LAST YEAR.SOFTWARE MAJOR TCS HAS REPORTEDLY PAID 315% HIGHER ADVANCE TAX AT RS 220 CRORE IN THE SECOND INSTALLMENT. TRACTOR MAJOR MAHINDRA & MAHINDRA HAS REPORTEDLY PAID 540% HIGHER ADVANCE TAX AT RS 112 CRORE IN THE SECOND INSTALLMENT. TATA MOTORS PAID ADVANCE TAX OF RS 100 CRORE IN THE SECOND INSTALLMENT, MUCH HIGHER THAN RS 19 CRORE LAST YEAR. BUT LARSEN & TOUBRO PAID NIL ADVANCE TAX AGAINS RS 150 CRORE PAID IN THE CORRESPONDING PERIOD LAST YEAR. AMONG PUBLIC SECTOR BANKS LIKE BANK OF INDIA PAID RS 470 CRORE AS AGAINST RS 230 CRORE AND BANK OF BARODA PAID RS 412 CRORE COMPARED TO RS 255 CRORE. PRIVATE SECTOR LENDER YES BANK PAID RS 58 CRORE AS AGAINST RS 33 CRORE IN THE CORRESPONDING PERIOD LAST YEAR. DURING THE SECOND QUARTER BPCL AND LUPIN PAID RS 312 CRORE AND RS 49.7 CRORE RESPECTIVELY AS AGAINST RS 40 CRORE, AND 11.4 CRORE IN THE SAME PERIOD A YEAR AGO.AMBUJA CEMENTS PAID AN ADVANCE TAX OF RS 150 CRORE FOR THE JULY-SEPTEMBER QUARTER VS RS 70 CRORE IN THE PREVIOUS QUARTER. ALSO BOOSTING THE SENTIMENT WAS A SURGE IN THE NATIONAL COUNCIL OF APPLIED ECONOMIC RESEARCH (NCAER) BUSINESS CONFIDENCE INDEX TO 118.6 POINTS IN THE JUNE 2009 QUARTER, UP 37 POINTS FROM PREVIOUS QUARTER, WHEN IT WAS AT ITS THE LOWEST LEVEL SINCE FEBRUARY 1998. THE BUSINESS SENTIMENTS HAVE IMPROVED REFLECTING SIGNS OF ECONOMIC RECOVERY, NCAER SAID. THE THINK-TANK SAID ECONOMIC CONDITIONS ARE FURTHER EXPECTED TO IMPROVE IN THE COMING MONTHS AS THE IMPACT OF THE UNION BUDGET 2009-2010 (FY 2010) BEGINS TO BE REALISED. THE INCREASED GOVERNMENT SPENDING MAY PROVIDE SOME IMPETUS TO THE DOMESTIC INVESTMENT AND CONSUMPTION. THOUGH EVERY THING LOOKS ON THE POSITIVE FRONT ONE HAS TO BE VERY CAUTIOUS ON EACH AND EVERY UPMOVE THE INDICES ARE ALMOST IN THE OVER BOUGHT REGION ONE HAS TO STAY CAUTIOUS FROM HERE ON.

TODAY MARKET WOULD OPEN IN THE POSITIVE SIDE AND WOULD BE RANGE BOUND. MARKET MAY FACE RESISTANCE AROUND 4955 AND TRADING ABOVE THIS POINT WOULD LEAD NIFTY TO 5044 CLOSING ABOVE 4900 WILL MAKE NIFTY STRONGER. ON THE DOWNSIDE IF NIFTY TRADES BELOW 4876 THEN WOULD TAKE NIFTY TO 4845 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 4800 LEVELS TRADE WITH THE LEVELS INDICATED ABOVE AND BE VERY VERY CAUTIOUS AS MARKET WHILE GOING UP FROM HERE ON WOULD TAKE A SLOW MOVE BUT IF IT COMES DOWN WILL FALL VERY FAST SO BE VERY CAUTIOUS.
BUY SUZLON SL 95.4 TGT 102/103.5/105
BUY RELIANCE INFRA SL 1184 TGT 1220/1240
BUY STER SL 739 TGT 757/770
BUY DLF SL 409 TGT 417/420/424

BUY EDUCOMP SL 4190 TGT 4270/4300/4325

INTRADAY TIPS FOR 15 SEPTEMBER 2009

GOOD MORNING!!!
LAST TRADING DAY WAS VERY VOLATILE WITH NARROW RANGE BAND, WITH ONLY STOCK SPECIFIC MOVEMENTS. AUTO AND BANKING STOCKS WERE IN DEMAND. PSU OMCS ALSO EDGED HIGHER AS CRUDE OIL PRICES FELL. BUT REALTY STOCKS FELL. THE MARKET, INDICATING THE OVERALL HEALTH OF THE MARKET WAS POSITIVE. COMPANIES ADVANCE TAX NUMBERS AND THE SECOND QUARTER SEPTEMBER 2009 RESULTS NEXT MONTH WOULD BE KEY TRIGGERS FOR THE MARKET IN THE NEAR TERM. INDIAN FIRMS HAVE TO PAY 30% OF THE ESTIMATED TAX LIABILITY FOR THE YEAR BY THE SECOND INSTALLMENT OF ADVANCE TAX WHICH FALLS DUE ON 15 SEPTEMBER. HIGHER ADVANCE TAX PAYMENT WILL MEAN THEIR PROFITS MAY BE HIGHER IN Q2 SEPTEMBER 2009 OVER Q2 SEPTEMBER 2008 AND VICE VERSA.


TODAY MARKETS LOOK VOLATILE. LAST 4 TO 5 SESSIONS IN THE MARKET CLEARLY INDICATES CONSOLIDATION AND IS ABOUT TO BREAK OUT EITHER ON THE UPSIDE OR THE DOWNSIDE.ONE HAS TO WATCH OUT FOR THE CRUCIAL LEVELS INDICATED BELOW FOR DETERMINING THE TREND AND TRADING WITH THE TREND. ON THE POSITIVE SIDE NIFTY TRADES ABOVE 4840 THEN WE CAN SEE NIFTY TO GO TO 4876 LEVELS AND TRADE ABOVE THIS LEVEL WOULD TAKE NIFTY TO NEW HIGH S AND WE MAY SEE SOME RESISTANCE AROUND 4900 LEVELS CLOSE ANYTHING ABOVE 4876 WOULD TAKE MARKETS TO NEW HIGHS. ON TH E NEGATIVE SIDE OF THE MARKET IS NIFTY TRADES BELOW 4790 THEN ONE CAN SEE NIFTY TO COME DOWN TO 4740 LEVELS AND BREACH BELOW THIS LEVELS MAY WEAKEN THE MARKET SO STAY AWAY IF NIFTY CLOSES BELOW 4740 LEVELS, OTHERWISE MARKET STRUCTURALLY LOOKS STRONG AND ONE SHOULD GO WITH THE TREND.

BUY MLL SL 54.90 TGT 57/58.5
BUY IBREAL SL 261 TGT 270/275
DON’T MISS LAST DAYS POSITIONAL CALL AT ANY COST****

INTRADAY TOPS FOR 14 SEPTEMBER 2009

GOOD MORNING!!!
TODAY NIFTY LOOKS VERY RANGE BOUND AND WITH HIGHLY VOLATILE MOVES. IF NIFTY TRADES ABOVE 4855 THEN IS IT QUITE EVIDENT THAT NIFTY WOULD MOVE FURTHER UP AND HIT 4870 AND IF TRADED ABOVE THIS LEVEL ONE CAN SEE NEW HIGHS OF THE YEAR ONE SHOULD BE VERY CAUTIOUS AROUND 4876 LEVELS AS THIS BEING THE ONLY RESISTANCE POINT TILL 5000 MARK SO TRADE CAUTIOUSLY AT THIS LEVEL. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4840 THEN IT WILL TOUCH 4801 AND BREAK AND TRADING BELOW 4800 THEN WOULD COME DOWN TO 4776 AND THE NEXT LEVEL ON THE DOWN SIDE WOULD BE 4747 STAY CAUTIOUS BELOW 4740 LEVELS BREAK BELOW 4740 WOULD BE CONSIDERED WEAK ON THE INDEX, THIS IS THE CRUCIAL LEVEL TO WATCH.

BUY HPCL AROU ND 385 SL 379 TGT 394/405/410

BUY SYNDICATE BANK AROUND 83.5 SL 81.65 TGT 85/88

BUY TATA STEEL AROUND 465 SL 459 TGT 475/482

SELL DLF SL 404 TGT 390/385

BUY AGEE GOLD (SHRIPUR GOLD REFINERIES)**** JUST HOLD THEM

INTRADAY TIPS FOR 11 SEPTEMBER 2009

GOOD MORNING!!!

INDICES OPENED IN HIGHS THE MARKET SURGED IN EARLY TRADE ON HIGHER ASIAN STOCKS. INTRADAY VOLATILITY WAS HIGH. . IT SURGED TO A FRESH INTRADAY HIGH IN MORNING TRADE BEFORE PARING GAINS. A BRIEF RECOVERY FROM LOWER LEVEL WAS WITNESSED IN EARLY AFTERNOON TRADE. AFTER HITTING AN INTRADAY LOW,THE MARKET REGAINED STRENGTH LATER. REALTY AND AUTO STOCKS DECLINED WHILE BANKING AND METALS ROSE UP HIGHER.

TODAY MARKET WOULD OPEN POSITIVE AND WOULD BE RANGE BOUND SO TRADE CAUTIOUSLY WITH LEVELS INDICATED. TODAY IF NIFTY TRADES ABOVE 4811 THEN IT WILL HIT 4842 AND TRADING ABOVE THIS LEVEL WOULD TAKE NIFTY TO 4862 AND BREACH ABOVE 4876 WOULD TAKE NIFTY TO NEW HIGHS AND CLOSE OF NIFTY ABOVE 4876 WOULD TAKE NIFTY TO NEW HIGH I.E., 5000 LEVELS. AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4800 THEN WILL LEAD THE MARKET TO 4759 LEVELS.

SELL HDIL BELOW 305 SL 315 TGT 301/295
SELL TATASTEEL BELOW 468 SL 475 TGT 465/461
BUY INFOSYS SL 2214 TGT 2280/2300/2320

BUY STER SL 759 TGT 780/789

INTRADAY TIPS FOR 10 SEPTEMBER 2009

GOOD MORNING!!!
INDICES ADVANCED TO DAY'S HIGH IN MID-AFTERNOON TRADE LED BY AN OVER 3.5% RALLY IN INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL), HOLDING A 13.18% WEIGHTAGE, THE HIGHEST OF THE INDICES. THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET, REMAINED STRONG. THE MARKET WAS VOLATILE. AFTER AN INITIAL SLIDE, THE MARKET BOUNCED BACK SHORTLY. HOWEVER, THE MARKET FAILED TO SUSTAIN HIGHER LEVEL AND MOVED BETWEEN POSITIVE AND NEGATIVE ZONE LATER. A RALLY IN INDEX HEAVYWEIGHT RELIANCE INDUSTRIES PUSHED THE KEY INDICES TO DAY'S HIGH IN MID-MORNING TRADE. THE MARKET PARED GAINS IN EARLY AFTERNOON TRADE ON PROFIT BOOKING. THE MARKET ONCE AGAIN SLIPPED INTO THE RED IN AFTERNOON TRADE AS EUROPEAN MARKETS OPENED LOWER. AN OVER 3.5% RALLY IN INDEX HEAVYWEIGHT PUSHED KEY INDICES TO DAY'S HIGH IN MID-AFTERNOON TRADE

TODAY MARKET WOULD OPEN IN A POSITIVE NOTE. IF NIFTY TRADES ABOVE 4836 IT WOULD TOUCH IMMEDIATELY 4870 AND IF NIFTY CROSSES 4876 WE CAN SEE NIFTY TO MOVE FURTHER UP AND ANY CLOSE ABOVE 4876 IS CONSIDERED TO BE A VERY POSITIVE CLOSE AND NIFTY WOULD GO UP AND HEAD TOWARDS 5000 LEVELS. ON NEGATIVE FRONT IF NIFTY TRADES BELOW 4811 THEN CAN SLIDE TO 4777 AND IF NIFTY TRADES BELOW 4777 THEN WE CAN SEE NEXT SUPPORT FOR NIFTY AT 4750 AND ANY CLOSE BETWEEN 4777 AND 4750 ONE IS ADVISED TO EXIT MAXIMUM POSITION AND HOLD ONLY FEW LONG POSITIONS.
SELL AXIS SL 917 TGT 895
SELL SIEMENS BELOW 506 SL 510 TGT 498/495

BUY STER SL 739 TGT 761/789
BUY HCC SL 108 TGT 115/117/119*
BUY IFCI SL 57 TGT 61.5/63.5/65
BUY RELCAP SL 909 TGT 931/950
BUY ASSAM COMPANY*** AND FORGET TO MAKE YOUR MONEY ATLEAST 4 TO 5 TIMES

INTRADAY TIPS FOR 09 SEPTEMBER 2009

GOOD MORNING!!!

LAST DAY INDICES HAVE OPENED FIRM WITH ALL THE GLOBAL MARKETS, HOWEVER MARKET DID NOT SUSTAIN IN THE LAST HOUR OF PROFIT BOOKING. OVERALL HEALTH AND STRUCTURE OF THE MARKET REMAINED POSITIVE. ONE CAN EYE ON EDUCATION STOCKS WHICH MAY SPURT FROM HERE ON. RELIANCE HELD THE MARKET AND LOOKED VERY POSITIVE ABOVE 2080 YOU CAN SEE RELIANCE TO GO UP FURTHER, THIS CLEARLY INDICATES A FRESH UP MOVE CAN BE EXPECTED IN MARKETS. RIIL ALSO LOOKS POSITIVE.

TODAY NIFTY WOULD BE RANGE BOUND SO TRADERS ARE ADVISED TO BOOK PROFITS AT REGULAR INTERVALS. IF NIFTY TRADES ABOVE 4820 ONE CAN INITIATE LONGS WITH A STOPLOSS OF 4767 FOR A TARGET OF 4842 AND THEN 4878 IF NIFTY SUSTAINS ABOVE 4878 THEN ONE CAN BLINDLY CARRY LONGS FOR A TARGET OF 5000 AND ON THE DOWNSIDE IF NIFTY BREAKS BELOW 4780 THEN ONE CAN EXPECT NIFTY TO TAKE SUPPORT AROUND 4767 BREAK BELOW THIS LEVEL WE CAN SEE NIFTY TO COME DOWN TO 4730 AND CLOSE BELOW 4730 IS EXPECTED TO COME DOWN 4656 SO ONE IS ADVISED TO SEE THESE LEVELS AS VERY CRUCIAL.

BUY EXCEL CORP SL 130 TGT 139/144**ONE CAN HOLD FOR TARGET OF 170

BUY TITAN SL 1263 TGT 1320/1340** ONE CAN HOLD POSITIONALLY FOR A TARGET OF 1500

BUY EVERONN SL 407 TGT 420/425** ONE CAN HOLD POSITIONALLY FOR A TARGET OF 500

BUY IDFC SL 142.90 TGT 149/152/155

POSITIONAL TRADES
BUY KSK ENERGY SL 170 TGT 200/250/300**
DONT MISS STOCKS RATED ** ADVISED INVESTORS AND TRADERS TO GIVE PREFERENCE TO THEM

INTRADAY TIPS FOR 08 SEPTEMBER 2009

GOOD MORNING!!!

IN THE LAST TRADING DAY S&P CNX NIFTY SETTLED AT THEIR HIGHEST LEVEL IN MORE THAN 15 MONTHS. GLOBAL STOCKS SURGED AFTER THE G20 LEADERS PLEDGED TO MAINTAIN STIMULUS MEASURES. RALLY CAME ON THE BACK OF HIGHER TURNOVER. THE MARKET BREADTH INDICATING THE OVERALL HEALTH OF THE MARKET WAS STRONG. REALTY, BANKING AND METAL STOCKS WERE AT THE FOREFRONT IN THE RALLY. IN STOCK-SPECIFIC ACTIVITY TATA MOTORS SURGED ALMOST 13%. ICICI BANK JUMPED AROUND 7% AND STERLITE INDUSTRIES GAINED AROUND 6.5%. MEANWHILE, A SURVEY TO GAUGE BUSINESS CONFIDENCE SENTIMENT, CARRIED OUT BY FEDERATION OF INDIAN CHAMBERS OF COMMERCE AND INDUSTRY (FICCI), FOR THE MONTH OF SEPTEMBER 2009, SUGGESTED THAT THE CONFIDENCE LEVEL OF INDIA INC IS ON THE RISE THANKS TO GOVERNMENT'S FISCAL STIMULUS MEASURES. EIGHTY PER CENT OF THE COMPANIES BELIEVE THAT THE INDIAN ECONOMY IS ON THE ROAD TO RECOVERY AND EXPECT IMPROVEMENT IN CORPORATE PERFORMANCE IN THE MONTHS TO COME.
TODAY NIFTY MAY OPEN ON THE POSITIVE NOTE BUT BE CAREFUL IN THE MIDTRADE AS THERE MAY BE SOME PROFIT BOOKING IF NIFTY CLOSES ON THE POSITIVE FRONT TODAY IT MIGHT TAKE TO THE NEW HIGHS SO STAY INVESTED BUT KEEP A CLOSE WATCH IN THE MID TRADE. FOR NIFTY IF IT SUSTAINS ABOVE 4800 THAT IS GOOD FOR NIFTY AND IF NIFTY BREAKS 4819 AND TRADES THEN IT HAS STRONG RESISTANCE AT 4876 AND IF NIFTY CLOSES ON THE POSITIVE NOTE THEN IT IS GOOD FOR THE MARKET ON THE POSITIVE FRONT AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4783 THEN IT HAS SUPPORT ONLY AT 4741 AND BREAK BELOW THIS WILL LEAD NIFTY TO 4705 AND IF IT CLOSES BELOW 4705 THEN YOU CAN SEE 4662. KEEP A WATCH ON EDUCATION STOCKS AND FINANCIAL STOCKS.
BUY ICICI BANK SL 774 TGT 799

BUY STER SL 704 TGT 715

BUY TATAMOTORS SL 564 TGT 574

BUY NAGARJUNA CONST SL 138 TGT 145/148

BUY MOTILAL OSWASL SL 162 TGT 172/175

BUY EVERONN SL 385 TGT 400/405