INTRADAY TIPS FOR 26 OCTOBER 2009

GOOD MORNING!!!

LAST TRADING SESSION WAS VERY VOLATILE WITH RANGE BOUND MOVEMENTS IN THE KEY INDICES NOTCHING UP SMALL GAINS ON FIRM GLOBAL STOCKS. INTRADAY VOLATILITY WAS IMMENSE. CAPITAL GOODS STOCKS FELL. RELIANCE INDUSTRIES (RIL) SLUMPED AS PARTNER HARDY OIL SAID A D9 WELL WILL BE PLUGGED AND ABANDONED. BUT, SUGARS, IT AND FMCG STOCKS ROSE. NIFTY PROVISIONALLY CLOSED BELOW THE PSYCHOLOGICAL 5,000 MARK AFTER MOVING ABOVE AND BELOW THAT LEVEL DURING THE DAY. THE NIFTY HAD SETTLED BELOW THE 5,000 MARK ON THURSDAY. ON THE POLITICAL FRONT, THE RULING CONGRESS PARTY-LED ALLIANCE WON TWO STATE POLLS ON THURSDAY, A RESULT THAT GIVES MORE ROOM FOR THE ALLIANCE TO PUSH ECONOMIC REFORMS.
TODAY MARKETS WOULD REMAIN RANGE BOUND AND THE VOLATALITY WOULD REMAIN IMMENSE. IF NIFTY TRADES ABOVE 5027 THEN IS LIKELY TO TEST 5072 ANYTHING ABOVE THIS LEVEL IS CONSIDERED TO BE POSITIVE AND DOWNSIDE IF NIFTY TRADES BELOW 4998 THEN WE CAN SEE NIFTY TO 4966 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 4923(THIS LEVEL IS VERY CRUCIAL) MARKET STRENGTH LOOKS WEAK STRUCTURALLY SO ONE IS ADVISED TO STAY CAUTIOUS. STOCK SPECIFIC MOVEMENT IS LIKELY.
BUY BAJAJ HIND SL 229 TGT 235/237
BUY DR REDDY SL 949 TGT 966/984
BUY IDFC SL 159 TGT 163/164.9
BUY ITC SL 256 TGT 265/269
SELL RELCAP BELOW 871 SL 881 TGT 866/855/848
POSITIONAL TRADES
BUY DUJODWALA PRODUCTS TGT 25/40

INTRADAY TIPS FOR 23 OCTOBER 2009

GOOD MORNING!!!

THE INDICES CUT LOSSES AFTER HITTING FRESH INTRADAY DAY LOW IN LATE TRADE. INTRADAY VOLATILITY WAS HIGH. WEAK GLOBAL MARKETS AND RISE IN HEADLINE INFLATION TO ABOVE 1% MARK, WEIGHED ON INVESTOR’S SENTIMENT. SENSEX FELL BELOW THE PSYCHOLOGICAL 17,000 MARK AFTER REGAINING THAT LEVEL IN MID-MORNING TRADE FOR A SHORT WHILE. NIFTY PROVISIONALLY CLOSED BELOW THE PSYCHOLOGICAL 5,000 MARK AFTER ALTERNATIVELY MOVING ABOVE AND BELOW THAT LEVEL IN LATE TRADE. THE MARKET BREADTH WAS WEAK IN CONTRAST TO A POSITIVE BREADTH EARLIER IN THE DAY. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES DIPPED AS THE HEARING ON A GAS DISPUTE WITH RELIANCE NATURAL RESOURCES (RNRL) CONTINUES IN THE SUPREME COURT. BANK STOCKS FELL AFTER MOODY'S INVESTORS SERVICES ON WEDNESDAY DOWNGRADED THE SUPPORTED RATINGS OF 13 INDIAN COMMERCIAL BANKS AFTER ITS GLOBAL REVIEW OF SYSTEMIC SUPPORT INDICATORS FOR INDIVIDUAL BANKING SYSTEMS. CAPITAL GOODS, METAL AND REALTY STOCKS ALSO FELL.

TODAY MARKETS WOULD OPEN POSITIVE WITH GLOBAL QUES MOVING VERY POSITIVE, MARKET IS EXPECTED TO REMAIN VERY VOLATILE AND RANGE BOUND. IF NIFTY TRADES ABOVE 5018 THEN IS EXPECTED TO REACH 5043 (1ST TARGET) AND TRADE ABOVE 5043 (2ND TARGET) WITH GOOD VOLUMES IT WILL REACH 5082 (3RD TARGET) TRADE WITH REDUCED VOLUMES WHEN YOU HAVE ATTAINED EACH TARGET. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4990 THEN IT WILL IMMEDIATELY TAKE SUPPORT AT 4960 (1ST TARGET) BREAK AND TRADE BELOW THIS LEVEL WOULD TAKE NIFTY TO 4920 (2ND TARGET) THIS IS ONE OF THE CRUCIAL SUPPORT FOR NIFTY, IF 4920 IS BROKEN WE CAN EXPECT NIFTY TO TOUCH 4800 IN A VERY SHORT TIME.

BUY TATA MOTORS ABOVE 442 TGT 456/462/470
BUY HCL TECH SL 324 TGT 334/339
BUY ITC SL 246 TGT 250/256
BUY BANK INDIA SL 445 TGT 460/466
BUY EDUCOMP SL 4429 TGT 4506/4628/4705

INTRADAY TIPS FOR 22 OCTOBER 2009

GOOD MORNING!!!

THE KEY BENCHMARK INDICES REMAINED WEAK AND WERE TRADING MARGINALLY LOWER IN AFTERNOON TRADE. MARKET SHRUGGED OFF HIGHER OPENING FOR EUROPEAN MARKETS, A SUBDUED TREND IN ASIAN STOCKS WEIGHED ON SENTIMENT. A SECTION OF THE MARKET IS CONCERNED THAT A GLUT IN SHARE SALES BY INDIAN FIRMS MAY SUCK LIQUIDITY FROM THE SECONDARY MARKET. BANKING, CEMENT STOCKS FELL. BUT, POWER STOCKS ROSE IT STOCKS GAINED AFTER US INTERNET FIRM YAHOO REPORTED BETTER-THAN-EXPECTED RESULTS ON TUESDAY. INTRADAY VOLATILITY WAS HIGH. THE MARKET DRIFTED LOWER IN CHOPPY EARLY TRADE ON SUBDUED ASIAN STOCKS AND LOWER US INDEX FUTURES AND ENDED IN MUCH WEAKER ZONE. THE BREADTH OF THE MARKET TURNED WEAK AS NIFTY HAS BREACHED A GOOD SUPPORT LEVEL.

TODAY MARKETS MAY OPEN NEGATIVE AND DOMINATE THE TRADE ON THE NEGATIVE ZONE, STRUCTURALLY MARKET WILL WEAKEN ONLY ONCE IT BREACHES 4925 THEN WE CAN SEE SOME SHARP SLIDE IN THE MARKETS TILL THEN THERE IS EVERY POSSIBILITY OF REVERSAL OF TREND FROM LOWER LEVELS. TODAY IF NIFTY TRADES BELOW 5075 THEN IT WILL TAKE SUPPORT AROUND 5040 AND BREAK BELOW THIS LEVEL WITH VOLUMES MAY TAKE NIFTY TO 4990 ANY CLOSE BELOW 4990 INDICATES WEAKNESS. AND ON THE POSITIVE FRONT IF NIFTY TRADES ABOVE 5075 THEN WE CAN SEE NIFTY TO MAKE AN UPMOVE TILL 5122 AND THEN TO 5153 CLOSING ABOVE 5115 IS POSITIVE.

BUY KFA SL 54 TGT 59/60

BUY EVERONN SL 448 TGT 465/472
SELL TATAPOWER BELOW 1417 TGT 1407/1395
SELL TATAMOTORS SL 567 TGT 538/530/522
SELL HERO HONDA SL 1629 TGT 1591/1583/1576

INTRADAY TIPS FOR 21 OCTOBER 2009

GOOD MORNING!!!

INDICES SLUMPED TO FRESH INTRADAY LOW IN MID-AFTERNOON TRADE AS EUROPEAN STOCKS DROPPED. INVESTORS TOOK HOME CASH AFTER A RECENT SHARP SURGE IN SHARE PRICES TRIGGERED BY HUGE FOREIGN FUND INFLOWS. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES EXTENDED LOSSES AHEAD OF A SUPREME COURT HEARING ON GAS TUSSLE WITH RELIANCE NATURAL RESOURCES (RNRL). CAPITAL GOODS, BANKING AND TELECOM STOCKS EDGED LOWER. BUT, REALTY STOCKS ROSE. THE MARKET BREADTH TURNED NEGATIVE IN CONTRAST TO A STRONG BREADTH EARLIER IN THE DAY THE MARKET WAS VOLATILE. THE MARKET SURGED IN EARLY TRADE AS THE GOVERNMENT'S DECISION TO SALE STAKE IN TWO STATE-RUN POWER FIRMS INDICATED A RESOLVE TO SPEED UP REFORMS. THE NIFTY HIT ITS HIGHEST LEVEL IN MORE THAN 17 MONTHS IN EARLY TRADE. THE MARKET REGAINED POSITIVE TERRITORY AFTER SLIPPING INTO THE RED FOR A BRIEF PERIOD IN MORNING TRADE.
TODAY MARKET WOULD OPEN SLIGHTLY NEGATIVE AND WOULD REMAIN VERY RANGE BOUND. NIFTY IF BREACHES 5093 THEN IS LIKELY TO TAKE SUPPORT AROUND 5073 AND TRADING BELOW THIS LEVEL WOULD TAKE NIFTY 5027 IF NIFTY CLOSES BELOW 5093 LEVELS IT IS CONSIDERED THAT NIFTY HAS WEAKENED AND CLOSING BELOW 5073 IS WEAKEST AND ONE CAN TAKE SHORT CALLS BELOW 5073. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5115 THEN IT IS LIKELY TO MOVE TO 5150. TRADE ABOVE 5150 WE CAN SEE NIFTY TO MOVE UPTO 5164 TO 5182 ANY CLOSE ABOVE 5115 IS AGAIN POSITIVE SIGN FOR NIFTY.
BUY EVERONN SL 462 TGT 474/480
BUY SRF ABOVE 218 SL 212 TGT 224/227/229

BUY JPASSOCIATES SL 264 TGT 270/272
SELL ICICI BANK SL 953 TGT 933/908
SELL EDUCOMP SL 4749 TGT 4658/4600/4548

SELL NAGARJUNA CONST SL 174.7 TGT 170.4/168.75/164

SELL ROLTA SL 191.85 TGT 185.8/183

INTRADAY TIPS FOR 20 OCTOBER 2009

GOOD MORNING!!!

LAST TRADING SESSION WAS THE FIRST DAY OF THE SAMVAT 2066 IT WAS A SPARKLING START BUT LATER FAILED TO HOLD ON THE POSITIVE NOTE WITH PROFIT BOOKING CROPPING AT THE CLOSING OF THE DAY. IN THE LAST FEW DAYS WE HAVE WITNESSED STOCK SPECIFIC MOVEMENTS ON THE BASIS OF Q2 RESULTS AND MAY STILL CONTINUE IN THE DAYS TO COME FOR A SHORT SPAN. ONE HAS TO WATCH OUT FOR THE CRUCIAL LEVELS ON NIFTY FOR HOLDING OR EXITING.

TODAY NIFTY MAY SEE A POSITIVE OPENING AROUND 40 POINTS AND MAY HIT NEW HIGHS OF THE YEAR FOR THE FIRST TIME HITTING 5200 MARK BUT ONE HAS TO STAY VERY CAUTIOUS IN THIS PHASE AS THE UPSIDE IS VERY LIMITED. ONE HAS TO MAKE A NOTE THAT NEVER CARRY ANY INTRADAY LOSS POSITIONS, DO NOT FORGET TO PLACE STRICT STOPLOSSES. TODAY IF NIFTY TRADES ABOVE 5147 LIKELY TO MAKE AN UPMOVE TILL 5164 AND TRADE ABOVE THIS WOULD LEAD NIFTY TO 5185 AND ANY CLOSING ABOVE 5185 WOULD TAKE NIFTY TO 5300 AND ANY CLOSING ABOVE 5090 IS BULLISH. AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5115 THEN WE MAY LIKELY TO TEST 5085 LEVELS BUT IF NIFTY ON CLOSING CLOSES BELOW 5090 ONE CAN EXIT ALL THEIR LONG POSITIONS AND CAN ENTER SHORTS. DONT NEGLECT THE LEVELS SPECIFIED.

BUY ESCORTS SL 129.40 TGT 133/136/139
BUY FEDERAL BANK FUTURS SL 255 TGT 262.40/265
BUY STER SL 837.7 TGT 845/850/856
BUY CENTURY TEXTILES SL 534.50 TGT 544/547/550
BUY RCOM SL 236 TGT 241/243.8/247.4
POSITIONAL PICKS
BUY POWERSOFT (532736) HOLD IT FOR MEDIUM TERM TGT 50/100/250

INTRADAY TIPS FOR 17 OCTOBER 2009

GOOD MORNING!!!

BANKING ALONG WITH REALITY STOCKS LED TEH RALLY ON THE BOURSES WITH SUSTAINED BUYING BY FOREIGN FUNDS. MARKET OVERALL ON THE POSITIVE ZONE, STRUCTURALLY MARKET LOOKS POSITIVE ONE HAS TO REMAIN VERY CAUTIOUS AS ALL THE TECHNICAL INDICATORS ARE ON A OVER BOUGHT REGEION.

TODAY MARKET MAY BE VERY RANGE BOUND WITH INITITALLY MARKET MAKING AN UPMOVE MARKET SEEMS TO BE STRONG AT THIS STAGE AND CONTINUE TO REMAIN IN THIS POSITIVE SPHERE AS LONG AS NIFTY IS HOLDING ABOVE 5060 LEVELS. FOR TODAY IF NIFTY TRADES ABOVE 5150 THEN IT IS LIKELY TO HIT 5185 IN TODAYS TRADING AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5120 THEN IT IS MOST EVIDENT THAT NIFTY MAY COME DOWN TO 5108 AND SUSTAINING BELOW 5108 MAY PUSH NIFTY TO 5072 LEVELS. FERTILIZERS, REALITY AND BANKING ARE POSITIVE

BUY SBI SL 2448 TGT 2500

BUY DLF SL 459 TGT 469/474

BUY ISPAT IND SL 23.45 TGT 24.25/24.75

BUY IVRCL SL 417 TGT 426/431

BUY ROLTA SL 191 TGT 194.75/199

INTRADAY TIPS FOR 16 OCTOBER 2009

GOOD MORNING!!!

STOCK-SPECIFIC BUYING CONTINUED EVEN AS THE KEY BENCHMARK INDICES EDGED LOWER IN WHAT WAS A CHOPPY TRADING SESSION S&P CNX NIFTY HIT THEIR HIGHEST LEVEL IN NEARLY 17 MONTHS AT THE ONSET OF THE TRADING SESSION LAST DAY. IT STOCKS FALTERED ON A FIRM RUPEE. THE MARKET BREADTH WAS MARGINALLY POSITIVE.
MARKETS TODAY MAY BE RANGE BOUND WITH LITTLE VOLATILE SESSION. IF NIFTY TRADES ABOVE 5110 THEN IT IS LIKELY TO MOVE UP TO 5136 AND BREAK ABOVE THIS POINT WOULD LEAD NIFTY TO 5154 ANY CLOSE ABOVE 5145 IS VERY STRONG AND CLOSE ABOVE 5100 IS CONSIDERED TO BE BULLISH. AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5105 LIKELY TO COME DOWN TO 5068 AND IF NIFTY TRADES BELOW THIS LEVEL THEN MAY TAKE SUPPORT AT 5050 CLOSING BELOW 5030 IS CONSIDERED TO BE WEAK AND ONE CAN GO SHORT IF NIFTY CLOSES BELOW 5030. TELECOM SECTOR WEAK AVOID.
BUY LT SL 1683 TGT 1702/1717
BUY HDFCBANK SL 1719 TGT 1746/1755/1764
BUY SUZLON SL 87 TGT 92/94
BUY JSWHOLDINGS SL 1700 TGT 1750/1760/1770
BUY TATAPOWER SL 1359 TGT 1380/1385/1390
SELL RELINFRA SL 1291 TGT 1260/1250