INTRADAY TIPS FOR 06 NOVEMBER 2009

GOOD MORNING!!!

KEY INDICES HAVE SHOWN REVERSEL OF STEEP INTRADAY LOSSES AND ENDED FIRM AFTER THE US FEDERAL RESERVE ON WEDNESDAY, 4 NOVEMBER 2009, PROMISED AGAIN TO KEEP INTEREST RATES EXCEPTIONALLY LOW FOR AN EXTENDED PERIOD BECAUSE IT EXPECTS ONLY A WEAK RECOVERY. METAL, REALTY, AUTO AND TELECOM STOCKS LED THE RALLY. THE SENSEX REGAINED PSYCHOLOGICAL 16,000 MARK. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES JUMPED. THE MARKET BREADTH WAS STRONG. INTRADAY VOLATILITY WAS IMMENSE. THE MARKET DRIFTED LOWER IN EARLY TRADE ON WEAK ASIAN STOCKS. A SHARP RALLY WAS WITNESSED IN MID-AFTERNOON TRADE AND INDICIES SURGED TO HIT A FRESH INTRADAY HIGH IN LATE TRADE. WITH SHORT-TERM INTEREST RATES VERY LOW, GLOBAL TRADERS HAVE TURNED TO BORROWING FUNDS CHEAPLY IN THE US AND THEN REINVESTING THE PROCEEDS IN EQUITIES AND COMMODITIES, LOOKING TO LOCK IN HIGHER RETURNS AND BENEFITING FROM FURTHER EROSION IN THE DOLLAR. THERE HAS BEEN A SOLID SURGE IN INFLOWS IN EMERGING MARKETS EQUITY FUNDS THIS YEAR. TELECOM STOCKS ROSE ON REPORTS THE DEPARTMENT OF TELECOM (DOT) WILL SEEK A FAST-TRACK APPROVAL FROM THE FINANCE MINISTRY TO SLASH THE ANNUAL LICENCE FEE BY UP TO A THIRD FOR TELECOM OPERATORS WITH LARGE NETWORK PRESENCE. IT WILL ALSO PROPOSE TO THE FINANCE MINISTRY THAT ALL LICENCE FEE BE EXEMPTED FOR LANDLINE SERVICES, REPORTS SUGGEST. BHARTI AIRTEL, RELIANCE COMMUNICATIONS AND IDEA CELLULAR ROSE BY BETWEEN 4.5% TO 5.34%.
TODAY NIFTY MAY BE RANGE BOUND, TODAY IF NIFTY TRADES ABOVE 4790 THEN IT IS LIKELY TO REACH A TARGET OF 4831 AND TRADE ABOVE THIS POINT WITH VOLUMES MAY LEAD NIFTY TO 4870 AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 4740 THEN ONE CAN SHORT NIFTY FOR A TARGET OF 4701 AND BREAK BELOW THIS LEVEL WOULD LEAD NIFTY TO 4680 AND BELOW THIS LEVEL WE CAN SEE NFITY TO TAKE SUPPORT AROUND 4645. ONE IS ADVISED TO STAY INVESTED AT THIS STAGE AS MARKET HAS PULLED BACK FROM NEGATIVE TERRITORY TO POSITIVE TERRITORY. MARKET HAS REVERSED ITS POSITION FROM A VERY WEAK ZONE TO A VERY STRONG ZONE SO ONE IS ADVISED TO EXIT ALL SHORTS AND BE LONG AS LONG AS NIFTY TRADES BELOW 4740. (NOTE: ONE HAS TO BEAR IN MIND THAT IF NIFTY CLOSES ABOVE 4860 THEN WE CAN SEE NIFTY TO REACH 4934 IN A VERY SHORT TIME )
BUY RELCAP SL 792 TGT 829

BUY RELINFRA SL 1074 TGT 1150/1200/1250
BUY DLF SL 367 TGT 394/412
BUY SUZLON SL 59 TGT 68.4/72.6

INTRADAY TIPS FOR 05 NOVEMBER 2009

GOOD MORNING!!!

INDICES AFTER THE STRAIGHT SEVENTH DAY OF SUCCESSIVE FALL, MARKETS RECOVERED ON GLOBAL INDICIES SURPASSING THE NEAR TIME HURDLE OF 4684 AND CLOSING JUST BELOW THE VERY CRUCIAL LEVEL OF NIFTY (4740). WE HAVE WITNESSED GOOD GAINS IN ALL THE SECTORAL INDICES, MARKET HEAVY WEIGHT RELIANCE INDUSTRIES HAS GAINED ALMOST 5.77% WITH REALITY JUST MOVING ABOVE 10% METALS SURGING HIGH, BANKING HAS MOVED UP VERY GOOD. SO OVERALL MARKET BREADTH FROM WEAK TURNED POSITIVE. THOUGH MARKET MOVED UP QUITE HIGH THE ONLY CONSTRAINT WAS LOW VOLUMES WHICH MADE MANY INVESTORS TO STAY AWAY SO ITS AGAIN A WORD OF CAUTION THAT DON’T INVEST ANYTHING UNTIL NIFTY CLOSES 4740.
TODAY IF NIFTY TRADES ABOVE 4700 THEN IT IS LIKELY TO GO TO 4735 AND BREAK ABOVE THIS LEVEL IT WOULD LEAD NIFTY TO 4804 ONE IS ADVISED TO STAY LONG IF NIFTY TRADES ABOVE 4740 ON THE CLOSING BASIS AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4700 IT IS LIKELY TO TEST 4675 LEVELS AND BELOW THAT 4645 AND ANYTHING BELOW 4645 IS AGAIN CONSIDERED TO BE WEAK.
BUY STERLITE SL 756 TGT 775/800/826
BUY EDUCOMP SL 814 TGT 846/857/888
BUY ICICI SL 818 TGT 835/843/851
BUY ABAN SL 1183 TGT 1225/1245/1271
BUY JP SL 209.90 TGT 217/220/223

INTRADAY TIPS FOR 04 NOVEMBER 2009

GOOD MORNING!!!

ALL THE INDICES EXTENDED LOSSES FOR SIXTH STRAIGHT SESSION OF TRADE AS SELL-OFF GRIPPED IN INDEX PIVOTALS IN LATE TRADE. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL) SLUMPED OVER 6% ON REPORTS THE COMPTROLLER AND AUDITOR GENERAL (CAG) HAS SET UP A TEAM TO EXAMINE THE EXPENSES RELIANCE INDUSTRIES (RIL) INCURRED ON ITS D6 NATURAL GAS FIELD IN THE KRISHNA-GODAVARI (KG) BASIN IN THE BAY OF BENGAL. STOCKS FELL ACROSS THE GLOBE AS INVESTORS CONTINUED TO FRET OVER THE EARLY REMOVAL OF GOVERNMENT STIMULUS, PARTICULARLY IN THE FINANCIAL SECTOR. HIGH VOLATILITY WAS THE HALLMARK OF THE DAY'S TRADING SESSION. THE MARKET BREADTH WAS QUITE WEAK. SELLING PRESSURE WAS INTENSE WITH ALL THE SECTORAL INDICES ENDING WITH LOSSES. REALTY, CEMENT AND METAL SHARES DECLINED SHARPLY ON SELLING PRESSURE. IT STOCKS SLIPPED ON PROFIT BOOKING. TELECOM SHARES SAW DIVERGENT TREND WITH BHARTI AIRTEL REBOUNDING FROM A 52-WEEK LOW ON BARGAIN HUNTING AFTER A STEEP RECENT SLIDE. RELIANCE COMMUNICATIONS DROPPED ON POOR EARNINGS.
TODAY MARKETS WOULD OPEN GAP UP WITH GLOBAL QUES.. NIFTY HAS BREACHED THE KEY SUPPORT OF 4591 THE NEXT LEVEL FOR NIFTY IS AROUND 4384 SO ONE IS CAUTIONED TO STAY AWAY FROM LONGS AS NIFTY MAY DIP FURTHER, NIFTY MAY TAKE RESISTANCE AT 4740 LEVELS. ONE CAN STAY SHORT AROUND THIS LEVEL WITH 4740 AS STOPLOSS. ANY UPSIDE CAN BE USED AS A SELLING OPPORTUNITY WITH STOPLOSS AS 4740.

ALL THESE RECOMMENDATIONS ARE FOR INTRADAY FOLLOW STRICT STOPLOSSES
BUY LICHSG SL 678 TGT 720/739
BUY YESBANK SL 214 TGT 221/226/234
BUY BREAL SL 207 TGT 220/226/232
BUY ACC BELOW SL 694 TGT 715/728/744

BUY DLF SL 339 TGT 347/356/362

INTRADAY TIPS FOR 03 NOVEMBER 2009

GOOD MORNING!!!

KEY BENCHMARK INDICES INITIAL SURGE TRIGGERED BY FIRM GLOBAL STOCKS THEIR AFTER EXTENDED LOSSES FOR THE FIFTH DAY IN A ROW. A WEAK DEBUT OF POWER UTILITY INDIABULLS POWER WEIGHED ON THE INVESTOR SENTIMENT, TELECOM STOCKS FELL, INDEX HEAVY WEIGHT RELIANCE INDUSTRIES AND ONGC WAS DOWN AS INVESTORS REACTED TO THEIR EARNINGS. THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET WAS WEAK. INTRADAY VOLATILITY WAS IMMENSE. RESULTS OF AUTO SECTOR WERE COMMENDABLE.
TODAY MARKET EVEN IF IT OPENS POSITIVE ON GLOBAL QUES MAY NOT WITH STAND FOR A LONGER TIME DURING THE DAY AS THE INDEX HAS BREACHED THE MAJOR SUPPORT LEVEL OF 4740 WHICH MAY TAKE NIFTY TO FURTHER DOWNSIDE, EVEN IF NIFTY MOVES UP IT MAY BE SHORT LIVED AND NIFTY IS LIKELY TO TEST MUCH LOWER LEVELS THAN EXPECTED. TODAY IF NIFTY TRADES BELOW 4704 THEN IT IS LIKELY TO TEST 4654 AND BREAK BELOW THIS LEVEL WOULD SEE SOME SUPPORT AT 4591 AND THERE AFTER 4384 IN SHORT TERM. AND ON THE POSITIVE FRONT AVOID LONGS AT ANY COST FOR POSITIONAL AND ON INTRADAY BASIS ONE IS ADVISED TO GO LONG WITH STRICT STOPLOSS ABOVE THE LEVELS SPECIFIED. ONLY STOCK SPECIFIC MOVES EXPECTED. IF NIFTY TRADES ABOVE 4740 ONE IS EXPECTED TO GO LONG FOR A TARGET OF 4791 AND DON’T HOLD ANY POSITIONAL LONGS OVER NIGHT. POWER LOOKING VERY WEAK ALONG WITH TELECOM.
BUY STER ABOVE 781 SL 765 TGT 801/811/824
BUY FSL SL 33.40 TGT 35.7/36.4
BUY KTK BANK ABOVE 140 SL 136.8 TGT 141.7/143.8/146.5
SELL BHARTI SL 297.5 TGT 285/281/276
SELL RELINFRA SL 1058 TGT 1041/1036/1021

SELL RPOWER SL 143 TGT 134/131/126**

POSITIONAL TRADE

BUY INTERFIT TECHNO PRODUCT AT 10.5 WITHOUT STOPLOSS TGT 25/50 ****(MUST BUY)

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