INTRADAY TIPS FOR 25 NOVEMBER 2009

GOOD MORNING!!!

VOLATILITY WAS IMMENSE WITH KEY INDICES MOVING UP AND DOWN FOR THE ENTIRE DAY. A SHARP SLIDE IN CHINESE STOCKS AND WEAK EUROPEAN MARKETS WEIGHED ON INVESTOR SENTIMENT ALONG WITH FNO EXPIRY NEARING. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL) FELL. METAL AND FMCG STOCKS ALSO FELL. BUT IT STOCKS GAINED. THE MARKET BREADTH WAS NEGATIVE, COMPARED TO A STRONG BREADTH IN EARLY TRADE. BANK STOCKS LED DECLINE IN WORLD STOCKS AFTER GLOBAL RATING AGENCY STANDARD & POOR'S SAID ON MONDAY IT FOUND MOST BANKS IN A GLOBAL STUDY WERE WEAKLY CAPITALIZED, WITH CITIGROUP, UBS AND MIZUHO FINANCIAL GROUP MORE THAN TWO-THIRDS BELOW THE AVERAGE. MANY GLOBAL STOCK INVESTORS HAVE TURNED CAUTIOUS HEADING INTO THE YEAR-END, WANTING TO LOCK IN PROFITS AFTER A VERY GOOD RUN IN 2009

TODAY MARKET WOULD BE HIGHLY VOLATILE AS THE FNO EXPIRY IS TOMORROW. MARKETS ARE AT A VERY CRUCIAL PHASE OF RESISTANCE SO ONE HAS TO BE VERY CAUTIOUS ON THE UPSIDE. WE WOULD SUGGEST TO AVOID HUGE VOLUMES TILL FNO EXPIRY. TODAY MARKET MAY BE WEAK AS THE CLOSING WAS WEAKER ALONG WITH THE GLOBAL QUES SHOWING NEGATIVE TO FLAT. NIFTY MAY PHASE A TOUGH RESISTANCE AT THESE LEVELS. TODAY IF NIFTY TRADES BELOW 5073 THEN WILL TAKE NIFTY TO 5045 AND TRADING BELOW THIS LEVEL NIFTY WOULD TOUCH 5020 LEVELS BUT BREACH BELOW 5000 WOULD TAKE NIFTY ON THE NEGATIVE FRONT. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5073 THEN WE CAN SEE NIFTY TO TOUCH 5096 AND TRADE ABOVE THIS LEVEL WOULD TAKE NIFTY TO 5124.
BUY M&M SL 1059 TGT 1080/1089
BUY ESCORTS SL 111 TGT 119.7/122/124.9
BUY LANCO ABOVE 570 SL 564 TGT 574/579/584
SELL JINDAL STEEL SL 711 TGT 698/695/680
SELL ABAN BELOW 1348 SL 1366 TGT 1333/1316/1301

SELL JINDAL SAW SL 901 TGT 877/856/831
POSITIONAL TRADES
BUY SUNSHIELD CHEMICAL (530845) TGT 100
BUY UNI ABEX ALLOYS (504605) TGT 300/450/600
BUY MEDICAMEN BIOTECH LTD (531146) TGT 45

INTRADAY TIPS FOR 24 NOVEMBER 2009

GOOD MORNING!!!

VOLATILITY RULED THE KEY IN THE LAST TRADING SESSION. MARKET AFTER OPENING BELL WAS AROUND 40 POINTS ON THE UPSIDE AND CONTINUED TO REMAIN ON THE POSITIVE TERRITORY TILL THE END OF THE DAY AND INDICES (NIFTY AND SENSEX) ATTAINED THEIR HIGHEST CLOSING LEVELS IN MORE THAN A MONTH. FIRM GLOBAL STOCKS AIDED THE RALLY ON THE DOMESTIC BOURSES. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL) LED THE RALLY. THE STOCK SURGED MORE THAN 3% YESTERDAY, AFTER THECOMPANY SAID IT HAS PUT A BID TO ACQUIRE BANKRUPT CHEMICALS MAKER LYONDELLBASELL INDUSTRIES. METAL, FMCG AND BANKING AND AUTO STOCKS ROSE. THE MARKET BREADTH WAS STRONG. TRADERS ROLLED OVER POSITIONS IN THE DERIVATIVE SEGMENT FROM NOVEMBER 2009 SERIES TO DECEMBER 2009 SERIES AHEAD OF THE EXPIRY OF THE NEAR MONTH NOVEMBER 2009 CONTRACTS ON THURSDAY, 26 NOVEMBER 2009 A WEAK DOLLAR BOOSTED WORLD STOCKS, AS TRADERS BORROW AGAINST THE LOW-YIELDING GREENBACK TO REINVEST ELSEWHERE IN WHAT'S KNOWN AS THE CARRY TRADE. THE DOLLAR INDEX, WHICH TRACKS THE PERFORMANCE OF THE GREENBACK AGAINST A BASKET OF OTHER MAJOR CURRENCIES, FELL 0.7% TO 75.153 IN RECENT TRADING. THE DOLLAR HAS TUMBLED THIS YEAR ON SPECULATION THE US FEDERAL RESERVE WILL KEEP INTEREST RATES LOW FOR A PROLONGED PERIOD OF TIME TO AID RECOVERY IN THE US ECONOMY.

TODAY MARKET WOULD BE VOLATILE, MARKET AS TOLD YESTERDAY IF IT CROSSES 5085 THEN WE CAN SEE NIFTY TO MOVE TO 5159. WE MAY SEE NIFTY TO MOVE TO 5159 IN TODAYS SESSION AND NIFTY IS EXPECTED TO REMAIN VERY VOLATILE IN THE NEXT 2 DAYS OF TRADING AHEAD OF EXPIRY, NIFTY MAY FACE A STILL RESISTANCE AROUND 5159 ZONES AND ONE IS ADVISED TO STAY CAUTIOUS AT THIS LEVEL BEFORE THIS EXPIRY BUT ANY CLOSE ABOVE 5159 IN NIFTY TODAY MAY TAKE NIFTY TO 5276 LEVELS BUT ONE IS ADVISED TO STAY VERY CAUTIOUS AND TRADE WITH VERY LOW QUANTITY. AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5080 THEN ONE CAN GO SHORT WITH A STOPLOSS OF 5121 FOR A TARGET OF 5010 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 4937 ANY CLOSE BELOW 4980 IS CONSIDERED TO BE WEAK AND ONE CAN TAKE POSITIONAL SHORTS.
BUY AXIS BANK SL 984 TGT 1004/1018
BUY TATASTEEL SL 565 TGT 577/584
INTRADAY CALLS WILL BE GIVEN DURING MARKET HOURS TO THE REGISTERED CLIENTS

INTRADAY TIPS FOR 23 NOVEMBER 2009

GOOD MORNING!!!

INDICES EXTENDED GAINS TO HIT FRESH INTRADAY HIGHS AT THE FAG END OF THE TRADING SESSION ON FIRM EUROPEAN STOCKS. COMMENTS BY THE DEPUTY CHAIRMAN OF THE GOVERNMENT'S PLANNING COMMISSION THAT THE GOVERNMENT IS NOT CONSIDERING IMPOSING A TAX TO CURB AN INFLUX IN OVERSEAS FUNDS ALSO HELPED EASE WORRIES OF LIKELY MEASURES FROM POLICYMAKER TO STEM INFLOWS. INITIALLY THE MARKET OPENED IN RED AND RECOVERED LITTLE IN THE MORNING SESSION AND PROVED TO BE SHORT LIVED, MARKET NOSE DIVED TO TOUCH OUR TARGETS OF 4937 AS TOLD AND THERE AFTER MARKET RECOVERED IN THE MID AFTERNOON FROM LOWER LEVELS WITH MORE INTENSE BUYING GIVING NO ROOM TO SHORT SELLERS AND HAS HIT OUR UPPER TARGETS AS GIVEN.
TODAY MARKETS WOULD BE RANGE BOUND UNTIL THE LEVELS ARE BREACHED. THIS IS THE FIRST DAY OF LAST WEEK FOR THE SETTLEMENT OF FNO EXPIRY. THERE MAY BE LOT OF VOLATILITY IN THE WEEK AHEAD. NIFTY HAS BREACHED GOOD RESISTANCE LEVEL AND CLOSING OF NIFTY IS CONSIDERED TO BE GOOD AND NIFTY CAN BE CONSIDERED BULLISH IF IT CLOSES ABOVE 5085. ON THE CLOSING BASIS IF NIFTY CLOSES ABOVE 5085 IS A SIGN OF FURTHER UPMOVE TO 5159. AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5034 THEN WOULD COME DOWN TO 4998 AND BELOW THIS WE CAN SEE NIFTY TO SLIDE DOWN TO 4947 AND THEN TO 4911 SO ONE HAS TO BEAR IN MIND THAT 5085 IS A STRONG RESISTANCE AND CLOSING ABOVE THIS WOULD TAKE NIFTY SERIOUSLY UPSIDE SO STAY CAUTIOUS WITH THIS LEVEL. WATCH BANKING SECTOR.
BUY ACC SL 753 TGT 779/788/804
BUY TATASTEEL SL 545 TGT 560/565
BUY RANBAXY SL 419 TGT 430/434/438
BUY IDBI SL 126 TGT 129/130.70
SELL WELSPUN SL 285 TGT 274/267
SELL TITAN BELOW 1352 SL 1367 TGT 1330/132
POSITIONAL TRADES
BUY BHARTI SHIPYARD @ 165 TGT 200/250 (MEDIUM TERM/LONG TERM)
BUY GVKPIL TGT 65 (SHORT TERM)
BUY PROVOGUE TGT 76 (SHORT TERM)

INTRADAY TIPS FOR 20 NOVEMBER 2009

GOOD MORNING!!!

VOLATILITY RULED THE ROOST AS STOCKS LOST GROUND WITH THE SENTIMENT HIT BY BRAZIL'S LATEST MOVE TO CURB CAPITAL INFLOWS. DECLINE IN EUROPEAN SHARES AND LOWER US INDEX FUTURES ALSO WEIGHED ON SENTIMENT. METAL, AUTO, BANKING, REALTY AND IT STOCKS DECLINED. THE MARKET BREADTH WAS WEAK IN CONTRAST TO A STRONG BREADTH IN EARLY TRADE. INTRADAY VOLATILITY ON THE BOURSES WAS HIGH. THE MARKET RECOVERED FROM LOWER LEVEL IN MORNING TRADE HOWEVER, THE INTRADAY REBOUND PROVED SHORT-LIVED. THE MARKET CUT LOSSES AFTER HITTING A FRESH INTRADAY LOW IN LATE TRADE. EQUITIES MAY REMAIN VOLATILE OVER THE NEXT FEW DAYS AS TRADERS ROLLOVER POSITIONS IN THE DERIVATIVE SEGMENT FROM NOVEMBER 2009 SERIES TO DECEMBER 2009 SERIES AHEAD OF THE EXPIRY. THE MARKET SENTIMENT WAS HURT BY BRAZIL'S LATEST MOVE TO CURB CAPITAL INFLOWS. BRAZIL TOOK ANOTHER STEP ON WEDNESDAY TO TRY TO CONTAIN THE APPRECIATION OF ITS CURRENCY, UNVEILING A 1.5% TAX ON CERTAIN TRADES INVOLVING AMERICAN DEPOSITARY RECEIPTS ISSUED BY BRAZILIAN COMPANIES. THE BRAZILIAN GOVERNMENT, LAST MONTH, IMPLEMENTED A 2% FINANCIAL TAX ON FOREIGN INFLOWS INTO STOCKS AND FIXED INCOME INVESTMENTS. AMONG OTHER OVERSEAS MARKETS, SOUTH KOREA ANNOUNCED MEASURES ON THURSDAY AIMED TO TIGHTENING CONTROLS OVER CURRENCY LIQUIDITY TO MAKE THE BANKING SYSTEM LESS VULNERABLE TO THE CAPITAL FLIGHT. THE FINANCIAL SERVICES COMMISSION SAID IT WILL LIMIT THE SIZE OF FORWARD FOREIGN EXCHANGE TRANSACTIONS THAT SOUTH KOREAN COMPANIES CAN ENTER INTO, TO A TOTAL VALUE OF NOT MORE THAN 125% OF THE UNDERLYING TRANSACTIONS THEY ARE HEDGING AGAINST, WHICH COULD MEAN LESS-THAN-EXPECTED SELLING OF DOLLAR-FORWARDS BY EXPORTERS IN THE FUTURE. TAIWAN HAS ALREADY BANNED FOREIGNERS FROM INVESTING IN TIME DEPOSITS. EARLIER, A NEWSPAPER REPORT SUGGESTED THAT THE GOVERNMENT IS TAKING ITS FIRST SIGNIFICANT STEP TO WARD OFF A SURGE IN FOREIGN CAPITAL INFLOWS THAT MAY THREATEN THE STABILITY OF THE FINANCIAL SYSTEM BY DRAWING UP NEW RULES THAT WILL MAKE OVERSEAS LOANS COSTLIER FOR COMPANIES. INDIAN STOCKS HAVE RISEN SHARPLY THIS YEAR ON ROBUST INFLOW FROM FOREIGN FUNDS. REPORTS HAD SUGGESTED THAT THE GOVERNMENT WAS CONSIDERING AUCTIONING OF CORPORATE ENTITLEMENTS TO BORROW ABROAD, A MOVE THAT COULD MAKE SUCH BORROWING COSTLIER. A GLOBAL GLUT OF LIQUIDITY HAS PUSHED UP STOCK MARKETS ACROSS THE GLOBE SINCE MARCH THIS YEAR. GOVERNMENTS AND CENTRAL BANKS AROUND THE WORLD HAVE INJECTED TRILLIONS OF DOLLARS IN THE PAST ONE YEAR OR SO TO PULL THE WORLD OUT OF A MOST SEVERE RECESSION SINCE THE 1930S GREAT DEPRESSION.
TODAY MARKET WOULD BE NEGATIVELY BIASED ALONG WITH ALL MAJOR GLOBAL INDICES STARTED GETTING WEAKER, OUR INDICES ARE ALSO PRONE AND WILL SUCCUMB TO FALLING PRESSURE ALONG WITH GLOBAL INDICES, IF NIFTY TRADES BELOW 4990 THEN WE CAN SEE NIFTY TO SLIDE DOWN TO 4937 AND BREAK BELOW THIS WOULD LEAD NIFTY TO 4909 IF NIFTY BREACHES 4900 THEN IT MAY TAKE SUPPORT AT 4780. AND ON THE UPSIDE IF NIFTY TRADES ABOVE 5007 THEN WE CAN EXPECT NIFTY TO TOUCH 5053 AND ABOVE THAT LEVEL IT MAY GO TO 5076. MARKET IS NEGATIVELY BIASED AND ONE CAN STAY SHORT, POSITIONAL TRADES CAN TAKE SHORT POSITIONS WITH A STOPLOSS OF 5068. WE MAY SEE LOT OF VOLATALITY IN THE COMING DAYS SO DON’T TRADE WITH SMALL STOPLOSSES AS THEY MAY HIT VERY FAST KEEP LITTLE BIGGER STOPLOSS AND KEEP BOOKING PROIFTS AT REGULAR INTERVALS.
STOCKS IN NEGATIVE ZONE : CHAMBAL FERTILIZERS, ADLABS, ALLAHABAD BANK, IDBI, INDIANBANK, IOB, KOTAK BANK, M&M, NAGARJUNA CONSTRUCTION, PNB, RELINFRA, RCOM, STER, TATA CHEMICALS, SYNDICATE BANK, TRIVENI, UNION BANK, UNIPHOS, VOLTAS, ZEE, MOSER BAER, PUNJLLOYD, PRAJ IND, UNITECH, JP, ROLTA, RENUKA, PTC, ICSA, FSL, OPTOCIRCUITS, NOIDA, INDIA INFO
SELL BAJAJ HINDUSTAN SL 210 TGT 204/200/196
SELL CENTURY TEXTILES SL 481 TGT 470/462
SELL DLF SL 371 TGT 361/355
SELL ESSAR OIL SL 136.1 TGT 132.6/130.1
SELL HDFC BANK SL 1731 TGT 1706/1691/1661
SELL ICICIBANK SL 892 TGT 870/861/850
SELL AXIS SL 1001 TGT 978/971/954
SELL LICHSG FUTURES SL 862 TGT 823/806

SELL SIEMENS SL 559 TGT 546/537/526

INTRADAY TIPS FOR 19 NOVEMBER 2009

GOOD MORNING!!!

VOLATILITY WAS THE KEY IN THE LAST TRADING SESSION KEY INDICES EDGED LOWER WITH INVESTORS CASHING IN ON GAINS AFTER A SHARP RALLY IN THE PAST FEW DAYS. THE SENSEX SETTLED BELOW 17,000 MARK AFTER ALTERNATIVELY MOVING ABOVE AND BELOW THAT LEVEL DURING THE DAY. METAL STOCKS ROSE. BUT CAPITAL GOODS AND BANKING STOCKS FELL HEAVYWEIGHT RELIANCE INDUSTRIES DROPPED AFTER SETTING RECORD DATE FOR A LIBERAL 1:1 BONUS ISSUE. ANOTHER INDEX HEAVYWEIGHT L&T ALSO FELL. THE INDUSTRY BODY ASSOCHAM ON TUESDAY, 17 NOVEMBER 2009, SUGGESTED THAT FOREIGN INSTITUTIONAL INVESTORS (FIIS) SHOULD BE CHARGED A TAX OF 2% OF THEIR MONEY PUMPED INTO THE STOCK MARKET TO PREVENT FURTHER RISE OF THE RUPEE AND ALSO AN ASSET-BUBBLE. AT A QUARTERLY POLICY REVIEW LATE LAST MONTH, THE RBI SAID THERE WERE SIGNS EXCESS LIQUIDITY IS SEEPING INTO ASSET PRICES. IMPOSING THE TAX WOULD HELP THE RBI TO MANAGE RUPEE AT REASONABLE LEVELS TO SAFEGUARD AND SUPPORT INDIAN EXPORTERS, HIT HARD BY RISING INPUT COST AND APPRECIATING RUPEE, ASSOCHAM SAID. THE RUPEE HAS APPRECIATED OVER 5% AGAINST THE US DOLLAR IN THE LAST SIX MONTHS.
TODAY MARKET WOULD REMAIN IN RANGE BOUND WITH NEGATIVELY BIASED. IF NIFTY TRADES BELOW 5045 THEN IT IS LIKELY TO REACH A TARGET OF 5017 AND BREACH BELOW THIS LEVEL WOULD TAKE NIFTY TO 4977 AND ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5075 THEN WAS CAN SEE NIFTY TO 5113 AND THEN TO 5159. ONE HAS TO REMAIN VERY CAUTIOUS AS THERE IS ONLY 5 TRADING SESSIONS LEFT IN THIS EXPIRY, ONE SHOULD KEEP A NOTE THAT MARKET IS UP ALMOST 550 POINTS FROM RECENT LOWS I.E., FROM 4530 TO 5080 WHICH IS AROUND 550 POINTS SO THERE WOULD BE SOME KIND OF CONSOLIDATION HERE BEFORE IT MAKES AN UP MOVE EVEN ON THE BULLISH SIDE OF MARKET WE MAY SEE SOME 130 POINTS CORRECTION IN NIFTY. SO ONE IS ADVISED TO STAY CAUTIOUS. THERE WILL LOT OF VOLATILITY FROM NOW ON IN THE MARKET SO STAY WITH STRICT STOPLOSS EITHER SIDES.
BUY ESSAR SHIPPING SL 67 TGT 74/76
BUY RELCAP ABOVE 909 SL 899 TGT 919/929/944
BUY JINDAL STEEL ABOVE 730 SL 719 TGT 738/744
BUY RANBAXY SL 419 TGT 430/434
SELL RELINFRA SL 1159 TGT 1133/1125/1111
SELL SUNPHARMA SL 1446 TGT 1424/1416
POSITIONAL TRADES

BUY RELIGARE TECHNOVA (526927) AT 82 TGT 100%/250%/500%

INTRADAY TIPS FOR 18 NOVEMBER 2009

GOOD MORNING!!!

INDICES CLOSED MARGINALLY HIGHER AFTER A STRONG INTRADAY REBOUND IN LATE TRADE. RECOVERY IN EUROPEAN STOCKS FROM LOWER LEVEL TRIGGERED THE STRONG REBOUND ON THE DOMESTIC BOURSES IN LATE TRADE. THE SENSEX REGAINED THE PSYCHOLOGICAL 17,000 MARK AFTER FALLING BELOW THAT LEVEL IN INTRADAY TRADE INTRADAY VOLATILITY WAS ON THE BOURSES WAS HIGH. AFTER INITIAL GAINS, THE MARKET SOON SLIPPED INTO THE RED ON LOWER ASIAN STOCKS. A STRONG REBOUND PUSHED THE SENSEX INTO THE GREEN IN LATE TRADE AS EUROPEAN STOCKS AND US INDEX FUTURES TRIMMED LOSSES. MREALTY STOCKS FELL. BUT IT STOCKS GALLOPED. BANKING STOCKS REVERSED INTRADAY LOSSES. THE MARKET BREADTH WAS NEGATIVE. THE MARKET HAS RISEN SHARPLY IN THE PAST FEW DAYS. THE RALLY HAS BEEN DRIVEN BY STRONG DOMESTIC AND GLOBAL LIQUIDITY. FOREIGN FUNDS HAVE BOUGHT EQUITIES WORTH A NET RS 72659.10 CRORE IN CALENDAR 2009 SO FAR AS AGAINST AN OUTFLOW OF RS 51611.50 CRORE IN THE CORRESPONDING PERIOD LAST YEAR.
TODAY MARKET WOULD REMAIN RANGE BOUND. IF NIFTY TRADES ABOVE 5077 THEN IT IS LIKELY TO TEST 5100 ZONE AND BREAK ABOVE THIS POINT WE CAN SEE NIFTY TO HEAD TOWARDS 5154 AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5035 THEN IT IS LIKELY TO COME DOWN TO 5015 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 4990 AND THEN TO 4956 ANY BREAK BELOW 4990 IS CONSIDERED TO BE CRUCIAL AND CLOSING BELOW 4990 ONE CAN REMAIN IN SHORT.
BUY RELINFRA SL 1180 TGT 1210/1218
BUY HDFCBANK SL 1744 TGT 1761/1775/1783
BUY ICICI BANK SL 918 TGT 932/948
BUY TATAPOWER SL 1319 TGT 1340/1357
BUY NAGARFERT SL 30.7 TGT 31.5/32
POSITIONAL TRADES
BUY ODYSSEY TECHNOLOGIES LTD TGT 100%

INTRADAY TIPS FOR 17 NOVEMBER 2009

GOOD MORNING!!!
BULLS TOOK COMPLETE CHARGE OF STOCK MARKET RIGHT FROM THE OPENING BELL OF THE MARKETS, DOMINANT BULLS DIDN’T GIVE UP AT ANY STAGE TILL THE END AND CONTINUED EFFORTS TO KEEP THE CHARTS ON THE POSITIVE SIDE WAS VERY MUCH SUCCESSFUL AND MANAGED TO HIT MAJOR INDICES ON TO A FRESH HIGH. ON THE TECHNICAL FRONT THE TREND IS TILL INTACT AND THERE IS HARDLY ANY CHOICE EXCEPT FOR BULLS, HOWEVER, THE INDICES ARE INTO A TIGHT AND STIFF ZONE OF RESISTANCE THIS IS THE LIKELY POINT OF SELLING PRESSURE OR PROFIT BOOKING TO COMMENCE SO ONE IS ADVISED TO STAY EXTRA CAUTION.

TODAY NIFTY MAY OPEN SLIGHTLY POSITIVE BUT NIFTY MAY SEE A STIFF RESISTANCE AROUND 5072 LEVELS, MARKET MAY BE VOLATILE ONE HAS TO BE VERY CAUTIOUS AT THIS STAGE AS NIFTY MAY SLIDE DOWN AT ANY POINT WITH PROFIT BOOKING AT THIS HIGHER STAGES, I WOULD ADVICE TO STAY CAUTIOUS ON THE HIGHER LEVELS AND KEEP BOOKING PROFITS. TODAY IF NIFTY TRADES 5072 WITH GOOD VOLUMES THEN WE CAN SEE NIFTY TO MOVE UP TO 5125 AND THEN TO 5159 AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5033 THEN IT IS LIKELY TO SLIDE DOWN TO 4990 AND BREAK BELOW THIS LEVEL MAY TAKE NIFTY TO 4956 AND ANY CLOSE BELOW 4967 IS DANGEROUS AND ONE IS ADVISED TO EXIT FROM LONGS AND CAN TAKE FRESH SHORTS OR CARRY OVER THE SHORTS TO THE NEXT TRADING SESSION. ONE CAN EYE SUGAR SECTOR FOR SHORTING.
BUY HDIL SL 362 TGT 369/376/381
BUY DLF SL 382 TGT 388/392
BUY SIEMENS SL 567 TGT 578/582
SELL BAJAJ HIND SL 225.7 TGT 218/214
SELL BANK BARODA SL 846 TGT 835/831
SELL LITL BELOW 550 SL 556 TGT 543/534/521