INTRADAY TIPS FOR 30 OCTOBER 2009

GOOD MORNING!!!

INDICIES TUMBLED YET AGAIN ON THE STRIGHT 4TH DAY. VOLATILITY WAS THE ORDER OF THE DAY IN THE SECOND HALF OF THE TRADING SESSION AS THE MARKET LOST GROUND AFTER A STRONG INTRADAY REBOUND. VOLATILITY SURGED AS TRADERS ROLLED OVER POSITIONS IN THE DERIVATIVES SEGMENT FROM OCTOBER 2009 SERIES TO NOVEMBER 2009. RELIANCE INDUSTRIES FELL IN CHOPPY TRADE AHEAD OF ITS Q2 RESULTS LATER IN THE DAY. INDIA'S LARGEST TRACTOR MAKER BY SALES MAHINDRA & MAHINDRA ROSE ON STRONG Q2 RESULT. BUT METALS MAJOR STERLITE INDUSTRIES FELL ON POOR Q2 RESULT. REALTY, BANKING AND METAL STOCKS ALSO FELL.
TODAY MARKET WOULD OPEN ON POSITIVE NOTE WITH GLOBAL QUES TRADING ON POSITIVE SPHERE, TODAY WE ARE HEADING TO THE FRESH DAY OF NOVEMBER CONTRACTS. NIFTY HAS TAKEN SUPPORT AT A VERY CRUCIAL POINT. IF NIFTY BREAKS AND CLOSES BELOW 4740 THEN WE MAY SEE FURTHER MORE CORRECTION IN THE MARKET. FOR TODAY IF NIFTY TRADES ABOVE 4755 THEN IT IS LIKELY TO TAKE NIFTY TO 4798 AND TRADING ABOVE THIS LEVEL WOULD TAKE NIFTY TO 4830-4845 AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 4740 THEN IT IS LIKELY TO SLIDE DOWN MUCH MORE THAN ANTICIPATED. SO STAY INVESTED NOW WITH A STOPLOSS OF 4740 LEVELS.
BUY M&M SL 914 TGT 941/956/972

BUY VOLTAS SL 149 TGT 154/156
BUY RANBAXY SL 389 TGT 396/399/404
SELL DLF BELOW 374 SL 381 TGT 364/358/352
SELL RECAP BELOW 720 SL 731 TGT 711/701
TRADE SELL CALLS ONLY IF NIFTY BREAKS BELOW 4740 ELSE ONE CAN TAKE BUY POSITIONS.

INTRADAY TIPS FOR 29 OCTOBER 2009

GOOD MORNING!!!

INDICES HAVE SHOWN LOT OF WEAKNESS IN THE LAST THREE OF DAYS. MARKET HAS SHOWN LOT OF VOLATILITY IN THE TRADE ON THE NEGATIVE BIAS, THE MARKET BREADTH WAS WEAK. REALTY STOCKS ROSE. BUT, METAL AND AUTO STOCKS FELL. MARKET EXTENDED LOSSES FOR STRAIGHT THIRD DAY. INTRADAY VOLATILITY WAS HIGH AS TRADERS ROLLED POSITIONS IN THE DERIVATIVES SEGMENT FROM OCTOBER 2009 SERIES TO NOVEMBER 2009. MEANWHILE, A HEIGHTENED VOLATILITY IN THE RUPEE AGAINST THE DOLLAR IN THE PAST FEW DAYS HAS RAISED WORRIES THAT THE CORPORATE SECTOR MAY SUFFER LOSSES ON HEDGING. THE RUPEE WEAKENED PAST THE 47 PER DOLLAR MARK FOR THE FIRST TIME IN THREE WEEKS IN EARLY TRADE ON WEDNESDAY, 28 OCTOBER 2009, AS ASIAN STOCKS FELL.
TODAY MARKET WOULD REMAIN HIGHLY VOLATILE ON ACCOUNT OF EXPIRY. TODAY IF NIFTY TRADES ABOVE 4860 THEN IT IS LIKELY TO TEST 4881 AND THEN MAY TAKE NIFTY TO 4924 WHICH IS REMOTE. AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4812 IT IS LIKELY TO TAKE SUPPORT AROUND 4798 BREAK BELOW THIS LEVEL WOULD DIRECTLY LEAD NIFTY TO 4755 AND ANY CLOSE BELOW 4740 IS VERY VITAL ON CHARTS AS THIS IS CONSIDERED TO BE THE MOST CRUCIAL SUPPORT FOR NIFTY. ONE IS ADVISED TO STAY CAUTIOUS AND DON’T ROLL OVER THE POSITIONS ON THE BUY SIDE TO THE MAXIMUM AS THERE IS EVERY CHANCE THAT MARKET MAY TUMBLE MUCH MORE.
BUY JINDALSTEEL 690 TGT 707/714/719
BUY SBI SL 2214 TGT 2242/2264
BUY SESAGOA SL 289 TGT 299/304/309
BUY HDIL SL 339 TGT 357/366
SELL MARUTI SL 1424 TGT 1400/1388
SELL BPCL SL 501 TGT 486/479

INTRADAY TIPS FOR 28 OCTOBER 2009

GOOD MORNING!!!

ALL THE KEY INDICES REMAINED WEAK AFTER THE RESERVE BANK OF INDIA DID AWAY WITH SOME SPECIAL LIQUIDITY STEPS THAT IT HAD ANNOUNCED IN THE AFTERMATH OF THE GLOBAL FINANCIAL CRISIS. THE RBI HAD PUMPED IN MASSIVE LIQUIDITY IN THE BANKING SYSTEM IN THE PAST ONE YEAR OR SO TO HELP REVIVE THE DOMESTIC ECONOMY IN THE AFTERMATH OF THE GLOBAL FINANCIAL CRISIS. BANKING STOCKS FELL AS THE RBI DID NOT RELAX MARK-TO-MARKET RULES FOR BANK'S DEBT HOLDINGS. THE MARKET HAS BEEN AGOG WITH TALKS OF THE CENTRAL BANK HIKING THE CEILING ON THE PORTION OF GOVERNMENT SECURITIES THAT BANKS CAN PARK IN HELD-TO-MATURITY (HTM). RATE SENSITIVE REALTY STOCKS FELL. METAL STOCKS ALSO DECLINED. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES, TOO, EDGED LOWER. THE RESERVE BANK KEPT ITS BENCHMARK LENDING AND BORROWING RATES ON HOLD AT A QUARTERLY MONETARY POLICY REVIEW ON TUESDAY, 27 OCTOBER 2009. IT ALSO KEPT STEADY CASH RESERVE RATIO AT 5% BUT RAISED THE STATUTORY LIQUIDITY RATIO TO 25% FROM 24% WITH EFFECT FROM 7 NOVEMBER 2009. THE CENTRAL BANK SAID AN ACCOMMODATIVE MONETARY POLICY STANCE IS REQUIRED AS THE ONGOING ECONOMIC RECOVERY WAS "FRAGILE" THE RBI KEPT 2009/10 GDP FORECAST AT 6% WITH UPSIDE BIAS AND SAID IT SEES MODEST DECLINE IN AGRICULTURE. THE RBI RAISED PROJECTION OF INFLATION TO 6.5% WITH AN UPSIDE BIAS AT END MARCH 2010 FROM EARLIER 5%. THE RBI SAID BANK CREDIT REMAINED SLUGGISH AND IT CUT ITS FORECAST FOR ADJUSTED NON-FOOD CREDIT GROWTH IN 2009/10 TO 18% FROM 20%. "BANKS ARE URGED ONCE AGAIN TO STEP UP THEIR EFFORTS TOWARDS CREDIT EXPANSION WHILE PRESERVING CREDIT QUALITY WHICH IS CRITICAL FOR REVIVAL OF GROWTH," IT SAID. VOLATILITY MAY REMAIN HIGH ON THE BOURSES THIS WEEK AS TRADERS ROLLOVER POSITIONS IN THE DERIVATIVES SEGMENT FROM OCTOBER 2009 SERIES TO NOVEMBER 2009 SERIES AHEAD OF THE EXPIRY ON THURSDAY, 29 OCTOBER 2009.

TODAY MARKET WOULD OPEN WEAK AND REMAIN HIGHLY VOLATILE AND THE TREND WOULD REMAIN NEGATIVE AND CRUCIAL SUPPORT SEEN FOR NIFTY IS 4797 AND BREAK BELOW THIS LEVEL WE WILL HEAD TOWARDS 4740 WHICH IS ANOTHER MOST IMPORTANT SUPPORT. ON THE POSITIVE SIDE ONE IS ADVICED TO STAY AWAY FROM LONGS AT THIS STAGE NO UPMOVE ON BULLISH SIDE SO INVESTORS ARE ADVISED TO EXIT THEIR POSTIONS TO THE MAXIMUM AND TRADERS ARE ADVISED TO TRADE SHORT TO THE MAXIMUM AND ONLY THE RECOMMENDED SCRIPS CAN BE TRADED LONG ONLY WITH STOPLOSSES AND WITH VERY LOW VOLUMES ON THE BUY SIDE, WE CAN SEE MUCH MORE DOWNSIDE AS THE VOLUMES ON THE SELLING ZONE ARE MUCH HIGHER, ALL ARE ADVISED TO STAY CAUTIOUS SMALL UPMOVE MAY PUT YOU IN PANIC AVOID LONGS TILL IT IS ADVISED.

BUY MCLEOD RUSSEL SL 199 TGT 209/214
BUY IDFC SL 142 TGT 154/157

BUY FORTIS HEALTHCARE LTD SL 89 TGT 114*

SELL JINDAL STEEL BELOW 670 SL 688 TGT 657/639/607

SELL LICHSGFIN SL 815 TGT 780

SELL JINDALSAW SL 740 TGT 710/693

INTRADAY TIPS FOR 27 OCT 2009

GOOD MORNING!!!

ALL MOST ALL THE STOCKS ALONG WITH THE KEY INDICES PLUNGED TO HIT FRESH DAY'S LOW IN LATE TRADE. VOLATILITY RULED THE ROOST AS TRADERS ROLLED POSITIONS IN THE DERIVATIVES SEGMENT FROM OCTOBER TO NOVEMBER. NIFTY FELL BELOW THE PSYCHOLOGICAL 5,000 MARK AFTER REGAINING THAT LEVEL IN EARLY AFTERNOON TRADE. THE MARKET BREADTH WAS WEAK. BANKING, METAL, REALTY AND CONSTRUCTION STOCKS FELL. INTRADAY VOLATILITY WAS HIGH AHEAD OF THE EXPIRY OF THE NEAR TERM CONTRACTS THIS WEEK. FIRM ASIAN STOCKS HELPED THE MARKET BRIEFLY HIT POSITIVE ZONE IN EARLY TRADE AFTER AN INITIAL SLIDE. VOLATILITY CONTINUED LATER. THE MARKET MOVED INTO POSITIVE ZONE FROM NEGATIVE ZONE IN EARLY AFTERNOON TRADE. THE RBI PUMPED IN MASSIVE LIQUIDITY IN THE BANKING SYSTEM IN THE PAST ONE YEAR OR SO TO HELP REVIVE THE DOMESTIC ECONOMY IN THE AFTERMATH OF THE GLOBAL FINANCIAL CRISIS. WHILE AS EXIT FROM THE LOOSE MONETARY POLICY IS IMMINENT, SPECULATION ON THE BOURSES IS THE TIMING OF THE EXIT POLICY. THE RBI IS EXPECTED TO KEEP ITS BENCHMARK LENDING AND BORROWING RATES ON HOLD AT A QUARTERLY MONETARY POLICY REVIEW ON TUESDAY, 27 OCTOBER 2009. A SECTION OF MARKET, HOWEVER, EXPECTS THE RBI TO RAISE THE CASH RESERVE RATIO (CRR), THE PROPORTION OF DEPOSITS THAT BANKS KEEP WITH THE CENTRAL BANK, TO TAME INFLATIONARY PRESSURES IN THE ECONOMY. A POSSIBILITY OF A HIKE IN THE STATUTORY LIQUIDITY RATIO (SRL) CANNOT BE RULED OUT EITHER. IN NOVEMBER 2008, THE RBI HAD REDUCED THE SLR BY ONE PERCENTAGE POINT TO 24% - ITS FIRST MOVE IN 11 YEARS - AS PART OF ITS MEASURES TO BOOST LIQUIDITY TO CUSHION THE IMPACT OF THE GLOBAL CREDIT CRISIS AFTER LEHMAN BROTHER'S COLLAPSE. SLR IS THE MINIMUM SHARE OF BANK DEPOSITS TO BE HELD IN APPROVED GOVERNMENT SECURITIES. BANK STOCKS FELL AFTER COMMENTS FROM A FINANCE MINISTRY OFFICIAL ON FRIDAY, 23 OCTOBER 2009, DASHED HOPES FOR THE CENTRAL BANK RELAXING MARK-TO-MARKET RULES FOR BANK'S DEBT HOLDINGS. THE MARKET HAS BEEN AGOG WITH TALKS OF THE CENTRAL BANK HIKING THE CEILING ON THE PORTION OF GOVERNMENT SECURITIES THAT BANKS CAN PARK IN HELD-TO-MATURITY (HTM) CATEGORY, POSSIBLY AT THE QUARTERLY MONETARY POLICY REVIEW ON 27 OCTOBER 2009.
TODAY MARKET WILL BE HIGHLY RANGE BOUND AHEAD OF EXPIRY, IN THE LAST SESSION WE HAVE WITNESSED A DEEP SELL OFF IN THE LAST HALF AN HOUR OF TRADE MAKING THE BREADTH OF THE MARKET WEAK. STRUCTURALLY OUR MARKETS HAVE WEAKENED EVEN POSITIVE IMPACT OF GLOBAL CUES MAY NOT HOLD OUR MARKETS MUCH, SO ONE IS ADVISED TO STAY OUT OF LONGS AND DON’T INITIATE LONGS ANY MORE AT THIS STAGE TILL IT IS ADVISED. IF NIFTY TRADES BELOW 4978 WE CAN SEE NIFTY TO COME DOWN TO 4949 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 4919 WHICH IS VERY CRUCIAL, ONE IS ADVISED TO STAY CAUTIOUS. ON THE UPSIDE IF NIFTY CROSSES 5016 ONLY THEN ONE CAN SEE IT TO GO UP TO 5044. STOCKS LOOKING WEAK PTC, MLL, KSOILS, GSPL, GTLINFRA, IBREAL, SINTEX, UCOBANK, RPOWER, ISPAT, FSL, DLF, UNITECH, ROLTA, RNRL AND ABAN. STOCKS ON POSITIVE SIDE HEROHONDA, EDUCOMP, WELGUJ, PANTALOON, AUROPHARMA, RANBAXY AND CIPLA.

BUY HEROHONDA SL 1587 TGT 1624/1645/1663
BUY WELGUJ SL 281 TGT 289/294
BUY PANTALOON ABOVE 331 SL 330 TGT 336/339
BUY AUROPHARMA SL 834 TGT 860/869/875
SELL DLF SL 437 TGT 414
SELL AXIS BANK SL 981 TGT 958/952/945
SELL JINDALSAW BELOW 780 SL 794 TGT 767/735
Note: buy calls one should buy only on the positive zone

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