INTRADAY TIPS FOR 15 OCTOBER 2009

GOOD MORNING!!!

GAINS FOR THE STRAIGHT SECOND DAY IN A ROW AS A RALLY IN GLOBAL STOCKS, STRONG RESPONSE TO THE INITIAL PUBLIC OFFER OF INDIABULLS POWER AND STRONGER-THAN EXPECTED Q2 RESULTS FROM HOUSING FINANCE MAJOR HDFC AND HEALTHY Q2 OUTCOME FROM HDFC BANK, BOOSTED MARKET SENTIMENT. A RALLY IN US INDEX FUTURES TRIGGERED BY A STRONG GUIDANCE FROM CHIP MAJOR INTEL, AIDED THE RALLY ON THE DOMESTIC BOURSES. THE MARKET BREADTH TURNED QUITE STRONG. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL) EDGED HIGHER IN CHOPPY TRADE. OIL EXPLORATIONAL STOCKS GAINED WHEREAS PSU OMCS FELL AS CRUDE HIT ITS HIGHEST LEVEL IN 2009 ON WEAK DOLLAR. METAL AND SUGAR STOCKS GAINED. INDIA'S LARGEST ENGINEERING AND CONSTRUCTION FIRM BY SALES LARSEN & TOUBRO ROSE ON WINNING A LARGE ORDER. OTHER CAPITAL GOODS STOCKS ALSO ROSE. BUT TELECOM STOCKS FELL. TELECOM STOCKS HAD RISEN RECENTLY AFTER TELECOM REGULATOR TELECOM REGULATORY AUTHORITY OF INDIA (TRAI) SAID ON 8 OCTOBER 2009 THAT OPERATORS WOULD BE FREE TO OFFER VARIOUS TARIFF PLANS TO THEIR SUBSCRIBERS, INCLUDING THE PER-SECOND BILLING SCHEME, AND THEY WOULD ALSO BE FREE TO FIX THE TARIFF PER SECOND. THIS WOULD COME AS A RELIEF TO THE TELECOM OPERATORS WHO WOULD HAVE TAKEN A HIT ON THEIR REVENUES, IF THE PER-SECOND-BILLING MODEL WAS TO BECOME MANDATORY, AS TELCOS ARE ALREADY FACING LOW REVENUES PER SUBSCRIBER. TELECOM STOCKS HAD TUMBLED IN THE RECENT PAST ON CONCERNS OVER DECLINING TARIFFS AND RISING COMPETITION.
TODAY MARKET WOULD BE ON THE POSITIVE OPENING OF AROUND 40 POINTS AND IF NIFTY TRADES ABOVE 5160 ON VOLUMES THEN WE CAN SEE NIFTY TO HAVE RESISTANCE AROUND 5190 LEVELS AND TODAY IF NIFTY CLOSES ANYWHERE ABOVE 5160 IT IS A VERY GOOD CLOSING AND ONE HAS TO CONSIDER IT AS A SCOPE OF FURTHER UPSIDE AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5107 THEN WE CAN SEE NIFTY TO COME DOWN TO 5086 AND IF NIFTY TRADES BELOW THIS POINT THEN IT IS EVIDNET THAT NIFTY MAY TAKE SUPPORT AT 5067. CLOSING ANYTHING ABOVE 5086 IS CONSIDERED TO BE POSITIVE AND CLOSING ABOVE 5160 IS CONSIDERED TO BE QUITE STRONG AND CLOSING BELOW 5086 IS CONSIDERED TO BE NEGATIVE AND BELOW 5067 IS WEAK.
BUY NAGARJUNA CONST SL 174 TGT 184/186/188
BUY ESSAR OIL SL 158 TGT 167/169/172
BUY JINDAL SAW FUTURES SL 737 TGT 760/769/777
BUY JINDALSTEELFUTURES SL 665 TGT 675/680/688
BUY M&M SL966 TGT 981/987/994
BUY CAIRN SL 278 TGT 284/288

INTRADAY TIPS FOR 14 OCTOBER 2009

GOOD MORNING!!!

KEY INDICES LAST DAY HAVE ENDED GAINING HANDSOMELY WITH ROBUST GROWTH IN INDUSTRIAL OUTPUT DATA AND ANIL AMBANI'S RENEWED EFFORT TO END THE BITTER FEUD RELATED THE SPLIT OF THE FAMILY BUSINESS EMPIRE WHICH RANGE IN ENERGY, TELECOMM AND FINANCIAL SECTORS. MARKET OPENED HIGH ON ANIL AMBANI'S DECISION TO CALL A TRUCE ON DISPUTE WITH ELDER BROTHER MUKESH AMBANI AND LATER INDUSTRIAL OUTPUT DATA GAVE MORE IMPACT FOR SURGING AND THE IMPORTANT STATMENT WHICH DIDNT LET THE MARKET DOWN WAS OUR PRIME MINISTER DR. MANMOHAN SINGH STATEMENT SAYING, THE ECONOMIC STIMULUS WILL CONTINUE. Q2 RESULTS FAVOURING MARKETS IN SECOTORS LIKE BANKING, CEMENT AND AUTO'S AND METALS FIRMS ARE REPORITNG FALL IN NET PROFITS DUE TO A SHARP FALL IN METAL PRICES ON YEAR ON YEAR BASIS. OUTLOOK SEEN POSITIVE WITH OVERALL HEALTH OF OF THE MARKET CLOSING ON STRONG NOTE.

TODAY MARKET LOOKS POSITIVE. MARKET WOULD OPEN GAP UP OF AROUND 40 POINTS AND LIKELY TO REMAIN RANGE BOUND LATER. IF NIFTY TRADES ABOVE 5070 THEN IT WOULD SOON RESIST TO SURPASS 5090 BUT IF NIFTY SUSTAINS ABOVE 5090 WE CAN SEE NIFTY TO MOVE TO 5130 LEVELS AND ANY CLOSE ABOVE 5090 IS CONSIDERED TO BE VERY STRONG CLOSING FOR THE YEAR AND WOULD SEE SOME MORE UPSIDE FROM THAT POINT. ONE CAN CONCENTRATE ON CEMENT SECTOR AND AUTO FOR HOLDING. AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5024 THEN WE CAN EXPECT SOME DOWNSIDE IN THE INTRADAY TO 4986 AND TRADING BELOW THIS LEVEL WITH VOLUMES WILL WEAKEN THE STRUCTURE OF THE MARKET AND MAY SEE SUPPORT AT 4865 AND ANY CLOSE BELOW 4986 IS CONSIDERED WEAK AND ONE IS ADVICED TO EXIT LONGS TO THE MAXIMUM AND ANY CLOSE BELOW 4926 IS ADVICED TO EXIT LONGS AND GO SHORT IN METALS AND STOCKS WHICH ARE WEAK.

BUY ADLABS SL 351 TGT 357/360/365
BUY DABUR SL 144 TGT 146/148/149.8
BUY SESAGOA SL 294.45 TGT 305/309
BUY SBIN SL 2165 TGT 2200/2218/2235
BUY TITAN SL 1447 TGT 1481/1490/1500

BUY GAMMON INFRA PROJ SL 90* (ONE CAN BOOK DECENT PROFITS INTRADAY AND CAN EVEN HOLD)

SELL PIRHEALTH FUTURES BELOW 490 SL 496 TGT 463/456
SELL BAJAJHIND BELOW 182.5 SL 184.25 TGT 180/177
POSITIONAL PICKS
BUY VISHAL RETAIL TGT 100/120

INTRADAY TIPS FOR 12 OCTOBER 20009

GOOD MORNING!!!

THE KEY BENCHMARK INDICES EXTENDED LOSSES TO HIT FRESH DAY'S LOW IN MID-AFTERNOON TRADE TRACKING WEAK EUROPEAN STOCKS. INTRADAY VOLATILITY WAS HIGH EARLIER IN THE DAY. MARKET BREADTH TURNED NEGATIVE. IT STOCKS EXTENDED LOSSES AFTER IT BELLWETHER INFOSYS SAID STRENGTHENING RUPEE WAS A BIG CONCERN FOR ITS EARNINGS. BANKING STOCKS FELL ON WORRIES INTEREST RATES MAY HARDEN. AUTO STOCKS SLIPPED. STOCK AND SECTOR-SPECIFIC ACTIVITY MAY DOMINATE TRADE IN THE COMING DAYS BASED ON EXPECTATIONS ON Q2 SEPTEMBER 2009 RESULTS. AUTO FIRMS ARE SEEN REPORTING STRONG Q2 RESULTS ON STRONG VOLUME GROWTH AND ON LOWER INPUT COSTS. CEMENT FIRMS TOO ARE SEEN REPORTING GOOD Q2 NUMBERS ON THE BACK OF VOLUME GROWTH, HIGHER REALIZATION AND DECLINE IN COSTS LIKE IMPORTED COAL. METAL FIRMS ARE SEEN REPORTING FALL IN NET PROFIT DUE TO A SHARP FALL IN METAL PRICES ON YEAR-ON-YEAR BASIS.

TODAY MARKET WOULD OPEN SLIGHTLY POSITIVE BUT THE MARKET VOLTALITY TO REMAIN VERY HIGH, PROFIT BOOKING CANNOT BE RULED OUT AT EVERY HIGHER LEVELS, STOCK SPECIFIC MOVEMENT MAY BE SEEN ONE SHOULD CONCENTRATE MORE ON HIGH QUALITY MIDCAP STOCKS. IF NIFTY BELOW 4920 THEN 4890 AND TRADE BELOW 4890 WOULD LEAD NIFTY TO 4865 AND THEN TO 4823 AND ON THE UPSIDE IF NIFTY TRADES ABOVE 4975 THEN WE CAN SEE NIFTY TO MOVE UP TO 5035 AND TRADE ABOVE THIS LEVEL WOULD LEAD TO 5080. OVERALL MARKET LOOKS WEAK AT THIS STAGE ONE NEEDS TO BE VERY CAUTIOUS BEFORE GOING ON POSITIVE SIDE. WE WOULD SUGGEST TO REMAIN OUT OF BUYING POSITIONS IN HUGE COUNTERS AND HUGE QUANTITIES AND WOULD SUGGEST YOU TO ENTER ONLY STOCK SPECIFIC AND WITH LESS QUANTITY OF SHARES
SELL TATAMOTORS SL 553 TGT 530/520/511
SELL STERLITE SL 812 TGT 776/764
SELL PNB SL 832 TGT 807/798/789
SELL ABAN AROUND 1605 SL 1616 TGT 1581/ 1565/1550

INTRADAY TIPS FOR 09 OCTOBER 2009

GOOD MORNING!!!

KEY INDICES REMAINED FIRM AND TRADED IN GREEN MOST OF THE TIME NIFTY CLOSING ABOVE THE PSYCHOLOGICAL 5000 MARKET. INDICIES WERE SUPPORTED BY GLOBAL STOCKS WITH HIGHER US INDEX FUTURES AND OPTIMISM ABOUT QUARTER 2 RESULTS. OVERALL INTRADAY VOLATALITY ON THE BOURSES WAS HIGH. STOCK AND SECTOR SPECIFIC ACTIVITY MAY DOMINATE TRADE IN THE COMING DAYS BASED ON EXPECTATIONS ON Q2 RESULTS. INFOSYS TO KICKSTART THE REPORTING STRONG Q2 RESULTS ON STRONG VOLUME GROWTH AND ON LOWER INPUT COSTS. METAL FIRMS ARE SEEN REPORTING FALL IN NET PROFIT DUE TO SHARP FALL IN METAL PRICES ON YEAR-ON-YEAR BASIS.

MARKETS TODAY WOULD OPEN STRONG WITH INFOSYS RESULTS ON THE POSITIVE NOTE. IF NIFTY TRADES ABOVE 5018 THEN WE CAN SEE NIFTY FACE RESISTANCE AT 5056 AND TRADE ABOVE 5068 WILL LEAD NIFTY TO 5130 AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4960 THEN WE CAN SEE NIFTY TO TOUCH 4920 AND BREAK BELOW THIS LEVEL WOULD LEAD NIFTY TO 4892. ANY CLOSE BELOW 4960 IS WEAK CLOSING AND ANY CLOSE ABOVE IT IS GOOD TO STAY LONG.

BUY JPASSOCIATES SL 241.4 TGT 246.5/248.5/252.4
BUY UNITECH SL 98.9 TGT 103.4/105/106.5
BUY TATA MOTOR SL 582 TGT 600/607/613
BUY HCC SL 130 TGT 135/136.9
BUY AXIS SL 999 TGT 1020/1027

INTRADAY TIPS FOR 08 OCTOBER 2009

GOOD MORNING!!!

LAST DAY WE HAVE WITNESSED A HIGHLY VOLATILE SESSION. INTRADAY VOLATALITY WAS IMMENSE. AFTER AN INTIAL SURGE IN THE MARKETS DUE TO FIRM GLOBAL QUES LAID OFF GAINS IN THE SECOND HALF OF THE SESSION. IT STOCKS DROPPED ON A RALLY IN RUPEE. THE MAJOR INDICES PLAYER SBI AND ICICI BANK IN BANKING SECTORY LED A SUDDEN FALL WITH SELL OFF IN THEM. DESPITE CORRECTION IN THE MARKET, MARKET DIDNT BECOME THAT WEAK TO GO FOR SHORTS. MARKETS MANAGED TO CLOSE SLIGHTLY ABOVE THE POINT OF SUPPORT. AFTER MARKET HOURS INDEX HEAVYWEIGHT RIL SURPRISED THE STREET WITH A LIBER 1:1 BONUS ANNOUNCEMENT.

TODAY MARKET WOULD BE RANGE BOUND WITH INITIAL UPMOVE AS LONG AS NIFTY REMAINS ABOVE 5020 IT IS LIKELY TO MAKE A JOURNEY TOWORDS NORTH AND DURING INTRADAY ONE CAN LOOK FOR A TARGET OF 5084 BREAK ABOVE 5090 WOULD TAKE NIFTY TO 5136 AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 4955 THEN ONE CAN LOOK FOR A TARGET OF 4872.

BUY BAJAJHIND SL 186.4 TGT 191/193.5/195
BUY TITAN SL 1339 TGT 1385/1405
BUY IBREAL SL 275.4 TGT 283/287/290
BUY JSL SL 108 TGT 113.8/117.5/122
BUY MARUTI ONLY ABOVE 1555 SL 1539 TGT 1573/1600

INTRADAY TIPS FOR 07 OCTOBER 2008

GOOD MORNING!!!

INDICES LOGGED GOOD GAINS IN A VERY VOLATILE TRADING SESSION. STRONG INTRADAY REBOUND WAS BASED ON EXPECTATIONS OF STRONG Q2 RESULTS. THOUGH BREADTH OF THE MARKET REMAINED POSITIVE, SMALL AND MID-CAP STOCKS FAILED TO CATCH THE FRONT END STOCKS. FMCG SECTOR AGAIN GAINED FOR THE STRAIGHT SECOND DAY ON DEFENSIVE BUYING. BANKING AND METALS ALSO LOGGED SMART GAINS AFTER AN EARLY HICCUP. TELECOM STOCKS WERE HAMMERED FOR THE SECOND RUNNING DAY ON WORRIES FALLING TARIFFS AND INCREASING COMPETITION WILL HURT THE SECTOR'S PROFITABILITY. INTRADAY VOLATILITY WAS IMMENSE.BANK STOCKS LED AN INTRADAY REBOUND IN AFTERNOON TRADE. THE RECOVERY GATHERED STEAM WITH THE SENSEX REGAINING POSITIVE ZONE IN MID-AFTERNOON TRADE. THE MARKET STRUCK A FRESH INTRADAY HIGH IN LATE TRADE. STOCK AND SECTOR-SPECIFIC ACTIVITY MAY DOMINATE TRADE IN THE COMING DAYS BASED ON EXPECTATIONS ON Q2 RESULTS, WHICH WILL START TRICKLING IN SOON. AUTO FIRMS AND CEMENT FIRMS ARE SEEN REPORTING STRONG Q2 RESULTS ON THE BACK STRONG VOLUME GROWTH, LOWER INPUT COSTS AND ON HIGHER REALISATIONS. BANKS ARE SEEN REPORTING A SEDATE GROWTH IN CORE LENDING. A SHARP SURGE IN EQUITY MARKETS MAY HELP TREASURY GAINS FOR SOME BANKS.

TODAY, WITH THE STRONG RALLY ON THE LAST DAY AND WITH ALL GLOBAL QUES ON THE POSITIVE TERRAIN MARKETS MAY OPEN HIGH AND REMAIN IN THE POSITIVE ZONE. TODAY IF NIFTY TRADES ABOVE 5030 THEN IT IS QUITE EVIDENT THAT MARKET WILL GO TO 5090 AND TRADE ABOVE 5090 WILL HIT NEW HIGHS OF THE YEAR AND IS LIKELY TO TAKE NIFTY TO 5136 LEVELS. ON THE NEGATIVE SIDE OF THE MARKET IF NIFTY TRADES BELOW 5020 THEN YOU CAN SEE NIFTY TO SLIDE DOWN TO 4985 AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY TO 4960 AND CLOSE BELOW 4985 IS CONSIDERED AS A POINT OF EXIT ONLY ON THE CLOSING BASIS.

BUY JSW STEEL SL 863 TGT 875/884/894
BUY HINDALCO SL 123.40 TGT 128/130/132
BUY RELINFRA SL 1269 TGT 1306/1319/1338
BUY TATASTEEL SL 503 TGT 526/532/540
BUY SAIL SL 164 TGT 168/172/175
BUY KFA SL 58.4 TGT 61/62
SELL RCOM BELOW 264.4 SL 272 TGT 251/239/226
POSITIONAL TRADE
BUY SULZER INDIA (MEDIUM TERM)**

INTRADAY TIPS FOR 06 OCTOBER 2009

GOOD MORNING!!!

MARKET OPENED WEAK ON GLOBAL QUES AND EXTENDED THEIR LOSSES, BUT BUYING IN SOME STOCK SPECIFIC COUNTERS HAS HELPED THE MARKETS TO CONTAIN THE LOSSES. MARKET BREADTH WEAKEND, TELECOM SHARES WERE THE CHIEF CASUALITIES OF THE DAY FOLLOWING REPORTS OF LIKELY DELAY IN THE THIRD GENERATION AUCTION PROCESS. FMCG AND PHARMA WERE POSITIVE.

TODAY MARKETS MAY OPEN POSITIVE WITH ALL GLOBAL INDICES MAKING A POSITIVE MOVE, MARKETS ARE STILL LOOKING STRONG STRUCTURALLY THOUGH THE MOMENTUM OF MARKETS ON INTRADAY BASIS HAVE GIVEN WEAKNESS AS ADVISED YESTERDAY TO STAY LONG ABOVE 4960 ONE HAS TO KEEP THIS LEVEL IN MIND AND KEEP BUYING ON DIPS AND ANY DOWNSIDE BELOW 4960 MAY TAKE NIFTY TO MUCH LOWER LEVELS. ON TRADING FRONT IF NIFTY TRADES BELOW 4990 THEN IT IS EXPECTED TO SLIDE DOWN TO 4960 LEVELS TRADING BELOW THIS LEVELS WITH GOOD VOLUMES WOULD TAKE NIFTY 4910 LEVELS AND ANY CLOSE BELOW 4960 IS CRUCIAL AND ONE IS ADVISED TO EXIT LONGS AND ONE CAN STAY SHORT. AND ON THE POSITIVE FRONT IF NIFTY TRADES ABOVE 5017 THEN IT CAN MOVE TO 5050 AND BREAK ABOVE THIS LEVEL WOULD TAKE NIFTY TO 5077 AND CLOSE ABOVE 5050 ONE CAN REMAIN LONG.

BUY JSW STEEL SL 829 TGT 848/865/874
BUY CANBANK SL 315.4 TGT 321.5/323.4/327
BUY IBREAL SL 262 TGT 269/272/275
BUY NAGARCONT SL 148 TGT 152/155
BUY SPICE JET SL 33 TGT 37/38
BUY BANK NIFTY FUTURES SL 8640 TGT 8750/8815