INTRADAY TIPS FOR 16 NOVEMBER 2009

GOOD MORNING!!!

VOLATILITY WAS VERY HIGH IN THE LAST TRADING SESSION ON THE EXPECTATIONS OF IIP NUMBERS INDICES SURGED ON STRONG INDUSTRIAL OUTPUT DATA. BREADTH OF THE MARKET REMAINED POSITIVE THOUGH INTRADAY VOLATILITY ON THE BOURSES WAS IMMENSE. INDUSTRIAL OUTPUT ROSE 9.1% IN SEPTEMBER 2009 OVER SEPTEMBER 2008. THE GOVERNMENT REVISED UPWARDS THE INDUSTRIAL PRODUCTION GROWTH FOR AUGUST 2009 TO 11% FROM 10.4%. CONSUMER DURABLE GOODS OUTPUT SURGED BY AN ANNUAL 22.2%, MANUFACTURING PRODUCTION ROSE 9.3%, MINING OUTPUT WAS UP 8.6% AND POWER GENERATION ROSE 7.9% IN SEPTEMBER 2009 OVER SEPTEMBER 2008. THE FOOD PRICE INDEX WAS UP 13.68% IN 12 MONTHS TO 31 OCTOBER 2009, THE FUEL INDEX WAS DOWN 1.71%. ONE CANNOT RULE OUT THE DOWNFALL AT ANY STAGE AS THE RECOVERY OR UPMOVE OF 500 POINTS WAS JUST IN 5 STRAIGHT TRADING SESSIONS SO ONE SHOULD BE VERY CAUTIOUS ON INVESTING AND THERE IS EVERY CHANCE THAT MARKET CAN MAKE A RETRACEMENT OR CORRECT TO 120 TO 150 NIFTY POINTS SO ONE CAN ADD ON THE DOWNSIDE FOLLOWING A STRICT STOPLOSS.
TODAY MARKET WOULD REMAIN VOLATILE ON A RANGE BOUND TRADE. IF NIFTY SUSTAINS ABOVE 5022 THEN IT IS LIKELY TO TOUCH 5072 AND BREAK ABOVE THIS POINT IS CONSIDERED TO BE A GOOD UPSIDE MOVE AND ABOVE 5072 IF TRADES THEN IT MAY TAKE NIFTY TO 5159 CLOSE ANYTHING ABOVE 5072 IS CONSIDERED TO BE BULLISH AND ONE CAN STAY LONG WITH 1/4 OF HEDGING ON THE OVERALL PORTFOLIO. ON THE NEGATIVE ZONE IF NIFTY BREACHES 4974 THEN WE CAN SEE NIFTY TO SLIDE DOWN TO 4937 AND THEN TO 4909. IF NIFTY CLOSES BELOW 4909 ON THE CLOSING BASIS ONE CAN CARRY SHORT POSITIONS FOR THE NEXT TRADING SESSION.
BUY HEROHONDA SL 1567 TGT 1590/1612/1627
BUY MARUTI SL 1460 TGT 1502/1518/1538
BUY JINDALSTEEL SL 692 TGT 711/722
SELL ASHOK LEYLAND SL 52.75 TGT 51.7/50.90
SELL INDIA CEMENTS SL 104.5 TGT 102/97
SELL POWER GRID SL 105.4 TGT 102.75/100.6
SELL SBI SL 2313 TGT 2258/2236/2215
SELL TECHM SL 1016 TGT 986/968/944
SELL UNITECH SL 84.7 TGT 82/79.75
POSITIONAL TRADES
BUY GMDC TGT 165 -> MEDIUM TERM
BUY NELCAST LTD TGT 75 -> SHORT TERM
BUY ELECON ENG TGT 100 -> SHORT TERM
BUY CRISIL TGT 4380 -> MOMENTUM
BUY HUNNUG TOYS TGT 133 -> MOMENTUM
BUY KOTHARI SUGARS TGT 12.5/13/13.75 -> MOMENTUM
BUY LYKA LABS TGT 44 -> MOMENTUM

INTRADAY TIPS FOR 13 NOVEMBER 2009

GOOD MORNING!!!

INDICIES HAVE GIVEN UP SOME PART OF THEIR GAINS AFTER A STRAIGHT 7 DAY RALLY ON THE BOURSES, INTEREST RATE SENSITIVE SECTORS BANKING, AUTO AND REALTY STOCKS LED SLIDE IN THE MARKET IN A HIGHLY VOLATILE TRADING SESSION. DAY'S HIGH AND UP CLOSE TO 120 POINTS FROM THE DAY'S LOW. NIFTY CLOSED BELOW 5000 AND STOCKS FELL DESPITE STRONG INDUSTRIAL PRODUCTION DATA. THE MARKET BREADTH WAS WEAK THOUGH THE STRUCTURE OF THE MARKET STILL REMAINS STRONG.
TODAY MARKETS LOOKS RANGE BOUND TO NEGATIVELY BIASED WITH GLOBAL CUES TRADING IN NEGATIVE TERRITORY. ONE HAS TO BE VERY CAUTIOUS ON THE LONGS WITH STRICT STOPLOSS. IT IS ADVISED TO TRADE LESS WITH STRICT STOPLOSS ON INTRADAY BASIS UNTIL THE LEVEL SPECIFIED BELOW ARE SURPASSED OR BREACHED. TODAY IF NIFTY TRADES BELOW 4937 THEN IT WILL TAKE NIFTY TO 4877 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 4820 AND NIFTY WOULD TAKE SUPPORT AROUND 4800. AND ON THE POSITIVE FRONT IF NIFTY TRADES ABOVE 4978 IT MAY TAKE NIFTY TO 5010 BREAK ABOVE THIS WOULD TAKE NIFTY TO 5072. AIRLINES STOCKS LOOKING POSITIVE AND REALITY LOOKING WEAK ALONG WITH BANKING.
SELL BANK INDIA SL 364 TGT 358/352
SELL DLF SL 373 TGT 365/362/358
SELL BHARAT FORGE SL 269 TGT 260/254/250
SELL FEDERAL BANK SL 234 TGT 226/221/217
SELL MARUTI SL 1431 TGT 1398/1386/1375
SELL JINDALSAW BELOW 765 POSITIONALLY ON CLOSING BASIS

SELL ABAN BELOW 1215 POSITIONALLY ON CLOSING BASIS
KEEP AN EYE ON JET AIRWAYS AND KFA ON POSITIVE SIDE
NOTE: GO SHORT ONLY IF THE ABOVE STOCKS ARE NEGATIVE OR EVEN DURING THE DAY IF THEY COME NEGATIVE

INTRADAY TIPS FOR 12 NOVEMBER 2009

GOOD MORNING!!!

INDICES SOARED TRACKING FIRM GLOBAL STOCKS AFTER CHINA REPORTED CONTINUED STRENGTH IN INDUSTRIAL PRODUCTION GROWTH, KEEPING ALIVE HOPES OF A RECOVERY IN THE GLOBAL ECONOMY. THE MARKET SHRUGGED OFF CYCLONE PHYAN WHICH IS EXPECTED TO BRING HEAVY RAINS TO MUMBAI, THE COMMERCIAL CAPITAL. LATEST REPORTED SUGGEST THAT THE CYCLONE HAS BYPASSED MUMBAI AT 14:00 IST. METAL, AUTO, REALTY, CAPITAL GOODS AND IT STOCKS ROSE. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES SURGED IN LATE TRADE. THE MARKET BREADTH WAS VERY STRONG. THE MARKET MOVED BETWEEN POSITIVE AND NEGATIVE ZONE IN EARLY TRADE. IT SURGED IN MID-MORNING TRADE. THE MARKET EXTENDED GAINS LATER. THE MARKET SENTIMENT HAS BEEN BOOSTED BY PRIME MINISTER MANMOHAN SINGH'S ANNOUNCEMENT ON SUNDAY, 8 NOVEMBER 2009, THAT FINANCIAL REFORMS, SUCH AS BUILDING UP A DOMESTIC BOND MARKET AND EXPANDING FOREIGN INVESTMENT IN SECTORS LIKE INSURANCE, WOULD BE PUSHED FORWARD.
TODAY MARKET WOULD OPEN IN POSITIVE ZONE AND MAY REMAIN RANGE BOUND, IF NIFTY TRADES ABOVE 5030 THEN IT IS LIKELY TO GO TO 5053 AND TRADE ABOVE THIS POINT WOULD TAKE NIFTY TO 5080 AND ON THE DOWN SIDE IF NIFTY 4980 THEN IT IS LIKELY TO TAKE NIFTY TO 4937. A SHARP RALLY OF ALMOST 500 POINTS UPSIDE FROM 4531 TO 5024 WHICH IS CONSIDERED TO BE MATTER OF CONCERN AS IT IS EVIDENT THAT MARKET MAY TAKE RETRACEMENT AT ANY STAGE, SO ONE IS CAUTIONED TO AVOID BUYING WITH ALL THE CAPITAL, AND DILUTE AND LIQUIDATE SOME OF YOUR ASSETS AND BE ON CASH AND DON’T INVEST ALL THE MONEY WHAT YOU HAVE INVEST ONLY 50% OF THE CAPITAL IN INVESTMENTS AND YOU CAN PLAY INTRADAY IF YOU ARE A TRADER.
BUY IDFC SL 167.8 TGT 170/172
BUY JPASSOCIATES SL 238.4 TGT 245/247/249
BUY STER SL 852 TGT 868/874/880
BUY RELINFRA SL 1152 TGT 1172/1184/1200
BUY SRF SL 194 TGT 205/209
BUY JSPL SL 692 TGT 705/709

POSITIONAL TRADES

BUY PURAVANKARA FOR 50% RETURNS IN MEDIUM TERM

INTRADAY TIPS FOR 11 NOVEMBER 2009

GOOD MORNING!!!

PROFIT BOOKING SNAPPED LAST FOUR DAYS' GAINS, EDGING INDICES TO CLOSE WITH SMALL LOSSES. FMCG, CAPITAL GOODS, TELECOM AND REALTY STOCKS FELL. THE MARKET BREADTH WAS NEGATIVE IN CONTRAST TO A STRONG BREADTH EARLIER IN THE DAY. INTRADAY VOLATILITY ON THE BOURSES WAS HIGH. THE MARKET OPENED ON A FIRM NOTE ON HIGHER ASIAN STOCKS AND OVERNIGHT SOLID RALLY IN US STOCKS. IT TRIMMED GAINS IN MID-MORNING TRADE ON PROFIT TAKING AFTER A SHARP SURGE OVER THE PAST FOUR DAYS. THE MARKET REGAINED STRENGTH AFTER FALLING TO AN INTRADAY LOW IN MID-MORNING TRADE. HOWEVER, THE INTRADAY REBOUND PROVED VERY SHORT LIVED. THE MARKET SLIPPED INTO THE RED IN EARLY AFTERNOON TRADE. THE MARKET CUT LOSSES AFTER HITTING A FRESH INTRADAY LOW IN EARLY AFTERNOON TRADE. FINANCE MINISTER PRANAB MUKHERJEE TODAY SAID THE GOVERNMENT WILL HAVE TO TAKE CORRECTIVE MEASURES ON STIMULUS IN DUE COURSE. HE ALSO SAID THE ECONOMY IS IN THE PROCESS OF RECOVERY AND THERE IS A NEED OF GENERATING STRONG DOMESTIC DEMAND UNTIL THE ROBUST RECOVERY ALL OVER THE WORLD. HE ALSO ADDED THAT THE TIMING OF THE WITHDRAWAL OF STIMULUS STEPS FOR INDIA'S ECONOMY WILL BE DECIDED WHEN IT BECOMES CLEAR ABOUT THE ECONOMY
TODAY MARKET LOOKS VOLATILE AND VERY RANGE BOUND AND ONE NEEDS TO STAY VERY CAUTIOUS IN THIS MARKETS. IF NIFTY TRADES BELOW 4867 THEN IT IS LIKELY TO SLIDE DOWN TO 4825 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 4770. IF NIFTY CLOSES BELOW 4790 I WOULD SUGGEST TO EXIT LONGS TO THE MAXIMUM POSSIBLE. AND ON THE UPSIDE IF NIFTY TRADES ABOVE 4888 THEN ONE CAN TAKE LONG POSITION FOR A TARGET OF 4935 AND BREAK ABOVE THIS LEVEL INDICATE STRENGTH IN THE MARKET AND CAN LEAD NIFTY 4980. UNLESS AND UNTIL NIFTY CLOSES BELOW 4790 IT IS BETTER TO STAY ON THE POSITIVE DIRECTION. FOR INTRADAY ONE HAS TO BEAR IN MIND 4795 AS STOPLOSS FOR LONGS.
BUY STER SL 797 TGT 824/833
BUY RECLTD SL 214.5 TGT 222.7/224/227
SELL ABAN SL 1252 TGT 1191/1168/1135
SELL WIPRO SL 598 TGT 580/570
SELL TTML SL 26.5 TGT 25
SELL PTC SL TGT 108/106.6/103.7

INTRADAY TIPS FOR 10 NOVEMBER 2009

GOOD MORNING!!!

INDICES GAINED AS THE US DOLLAR FELL SHARPLY AGAINST ALL THE MAJOR RIVALS AFTER FINANCE MINISTERS AND CENTRAL BANKERS FROM THE GROUP OF 20 LEADING ECONOMIC POWERS PLEDGED TO KEEP MASSIVE STIMULUS MEASURES IN PLACE UNTIL THE GLOBAL RECOVERY STRENGTHENS. CLOSER HOME, HOPES OF A PICK-UP IN THE PACE OF ECONOMIC REFORMS FURTHER BOLSTERED BULLS. BANKING, FMCG, AUTO, METAL AND REALTY STOCKS JUMPED. BANKING WAS THE OUT PERFORMER. INDICES HEAVY WEIGHT RELIANCE INDUSTRIES (RIL) EXTENDED SURGED ON REPORTS THE FIRM IS CLOSE TO ANNOUNCING A MAJOR OVERSEAS ACQUISITION. INDIA'S LARGEST ENGINEERING AND CONSTRUCTION FIRM BY SALES LARSEN & TOUBRO ROSE AFTER IT WON FRESH ORDERS. THE MARKET BREADTH WAS STRONG. 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. THESE SO CALLED US DOLLAR CARRY TRADES HAVE KEPT PUTTING PRESSURE ON THE DOLLAR AS INVESTORS SHORT THE CURRENCY TO INVEST ELSEWHERE. PRIME MINISTER MANMOHAN SINGH SAID THE GOVERNMENT WOULD ACCELERATE THE SALE OF STAKES IN STATE-RUN COMPANIES.
TODAY MARKET LOOKS POSITIVE WITH GLOBAL QUES TRADING ON A VERY POSITIVE NOTE. STRUCTURALLY MARKETS HAVE BECOME STRONG AND AS TOLD IN THE LAST 2 DAYS IF NIFTY TRADE ABOVE 4860 THERE IS NO DOUBT FOR NIFTY HITTING 4835 NOW THAT THE TARGET OF 4935 WOULD BE ACHIEVED IN THE OPENING THIS STRONG MOVE MAY TAKE NIFTY TO 5040 IF NIFTY MOVES TO 5040 QUICKLY THEN THERE IS EVERY POSSIBILITY THAT NIFTY MAY MOVE UP FURTHER PUTTING A LOT OF PRESSURE ON SHORT COVERINGS, WITH SHORT COVERINGS MARKET MAY FURTHER MOVE UP THERE BY TAKING NIFTY TO NEW HIGHS FOR TODAY IF NIFTY TRADES ABOVE 4935 THEN IT IS LIKELY TO MOVE UP TO 4971 AND TRADE ABOVE THIS WOULD TAKE NIFTY TO 5040. AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4860 THEN ONE CAN SEE NIFTY TO SLIDE DOWN TO 4800.
BUY SBI SL TGT 2338/2352/2379
BUY HINDALCO SL127.9 TGT 133/135/137
BUY JSL ABOVE 103 SL 101.90 TGT 107/112/117
POSITIONAL TRADES
BUY MAYUR UNIQUTEORS TGT 150 (SHORT TERM)

INTRADAY TIPS FOR 09 NOVEMBER 2009

GOOD MORNING!!!

LAST TRADING SESSION WAS A SEE SAW MARKET. WE HAVE SEEN METAL, BANKING AND REALTY STOCKS EDGED HIGHER. BUT FMCG AND AUTO STOCKS FELL. THE MARKET BREADTH WAS STRONG. INTRADAY VOLATILITY WAS QUITE HIGH. THE MARKET SURGED IN EARLY TRADE ON FIRM ASIAN MARKETS AND OVERNIGHT SURGE IN US STOCKS TRIGGERED BY POSITIVE ECONOMIC DATA IN THE US. THE MARKET REMAINED RANGE BOUND IN MID-MORNING TRADE. IT PARED GAINS IN EARLY AFTERNOON TRADE AND REGAINED STRENGTH IN MID-AFTERNOON TRADE.
TODAY MARKETS WOULD BE POSITIVELY BIASED, TODAY IF NIFTY TRADES ABOVE 4998 THEN IT IS LIKELY TO TOUCH 4841 AND BREAK ABOVE THIS POINT ON GOOD VOLUMES WOULD LEAD NIFTY TO 4905 (AS TOLD IN THE LAST SESSION ONE CAN STAY INVESTED IF NIFTY CLOSES ABOVE 4860 FOR A TARGET OF 4934) AND ON THE DOWNSIDE IF NIFTY BREAKS BELOW 4775 THEN IT IS LIKELY TO TOUCH 4720 AND BREAK BELOW THIS POINT WOULD LEAD NIFTY 4656 SO ONE CAN TAKE POSITION ON BUY SIDE WITH STOPLOSS OF 4775 AND CARRY LONGS ONLY IF NIFTY CLOSES ABOVE 4860 ELSE BOOK PROFIT ON INTRADAY TERMS.
BUY ANDHRA BANK SL 114.9 TGT 117/119
BUY ONGC SL 1149 TGT 1175/1185/1209
BUY KOTAK BANK SL 759 TGT 774/785/794
BUY NAGARFERT SL 29.9 TGT 31.9/32.7/33.4
BUY PANTALOON SL 309 TGT 319/329
BUY PRAJ SL 85 TGT 88/90.5
POSITIONAL TRADES
BUY EMCO TGT 105
BUY EVERYDAY TGT 75

FOR LIVE TIPS ONE HAS TO CALL UP 9490116984

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