INTRDAY TIPS FOR 14 DECEMBER 2009

GOOD MORNING!!!
WITH THE INDUSTRIAL OUTPUT DATA COMING WELL BELOW THE EXPECTATIONS OF THE MARKET, MARKET HAS GIVEN UP GAINS WITH A SHARP FALL IN INDICES THOUGH THE RECOVERY WAS SHORT LIVED DURING THE DAY AT LAST ENDED IN RED. WE MAY SEE SOME STOCKS-SPECIFIC ACTIVITY IN COMING DAYS, WITH INVESTORS REACTING TO CORPORATE ADVANCE TAX PAYMENTS DATA WHICH IS DUE ON 15 DEC, THIS DATA WILL GIVE AN INDICATION OF INDUSTRY'S PERFORMANCE IN COMING MONTHS WHICH MAY ELIVATE SOME STOCKS TO NEW HIGHS. IN THE LAST QUARTER WE HAVE WITNESSED ADVANCE TAX PAYMENTS GREW BY 14.7% WHICH CLEARLY SHOWS THE SIGNS OF RECOVERY, WITH THIS FIGURES AND GROWTH RATE GOVERNMENT IS HOPEFUL ADVANCE TAX PAYMENTS MAY PROVE TO BE HELPFUL IN METTING THE SHORTFALL IN DIRECT TAX COLLECTIONS. BUT, ONE HAS TO REMEMBER THAT EVEN THOUGH THERE MAY BE STOCK SPECIFIC MOVES ON NEWS OF ADVANCED TAX IN THE STOCK SPECIFIC COUNTERS ONE HAS TO BEAR IN MIND THAT MARKETS HAVE RALLIED QUITE SHARPLY FROM MARCH THIS YEAR, WE CANNOT RULE OUT THE CORRECTION AT ANY STAGE BUT WITH ALL THE FIGURES SHOWING GOOD GROWTH AND IMPROVEMENT IN THE ECONOMY WE CANNOT RULE OUT THE BUYING AT LOWER LEVELS. FOREIGN INVESTORS HAVE BEEN INVESTING IN A RECORD MANNER WITH $75.4 BILLION WHICH IS THE HIGHEST SURPASSING THE PREVIOUS HIGH OF $54 BILLION IN 2007 AND THIS FIGURES ARE TAKEN TILL 09 DEC 09.

TODAY MARKETS LOOK RANGE BOUND WITH VERY STOCK SPECIFIC MOVES. IF NIFTY TRADES ABOVE 5111 THERE IS EVERY POSSIBILITY TO MOVE UP TO 5135 BREAK ABOVE THIS WILL TAKE NIFTY TO 5165 AND ONE REMAIN IN LONG IF NIFTY CLOSES ABOVE 5165 AND ON THE DOWN SIDE IF NIFTY TRADES BELOW 5098 THEN WE CAN SEE NIFTY TO SLIDE DOWN TO 5070 AND BREAK BELOW THIS LEVEL WILL HAVE A MINOR SUPPORT AT 5040 AND BREACHING THIS LEVEL WOULD TAKE NIFTY TO 5003 AND ONE CAN REMAIN IN SHORT IF NIFTY TRADES BELOW 5070. ON THE HOLDING SIDE WITH LESS RISK ONE CAN LOOK AT COMMUNICATION STOCKS AS THEY ARE WORST EFFECTED AND ARE IN AN UPMOVE AT CURRENT LEVELS ONE IS ADVISED TO TAKE OPTION CALLS ON LONG SIDE AS THAT IS VERY LESS RISKY AND ONE CAN MAXIMIZE GAINS.
BUY JINDALSTEL SL 738.6 TGT 749/758/764
BUY BHARAT FORGE SL 271 TGT 277/282/285
BUY GSSAMERICA SL 264 TGT 294/300/305
SELL AXISBANK BELOW 1003 SL 1011 TGT 989/980
POSITIONAL TRADES
BUY BANG OVERSEAS 49 TGT 62
BUY RENAISSANCE JEWELLERY 51.9 TGT 65
BUY ZICOM ELECTRONIC SECURITY @ 100.35 TGT 155 SL 85
BUY IVP LTD AT 35 TGT 70/105/150

INTRADAY TIPS FOR 11 DECEMEBER 2009

GOOD MORNING!!!

MARKETS INITIALLY THOUGH RANGE BOUND TOOK OFF WITH GOOD VOLUMES ON THE POSITIVE SIDE AND OVER ALL THOUGH OUT THE DAY MARKET REMAINED POSITIVE AND AFTER, RESERVE BANK OF INDIA ANNOUNCED CAPITAL FLOWS INTO INDIA ARE IN LINE WITH REQUIREMENT AND AS OF NOW THERE IS NO CONCERN OF THE FLOWS BUILDING ASSET PRICE BUBBLES AND THE NEW OVERSEAS BORROWING NORMS ARE PART OF INDIA'S CAPITAL ACCOUNT MANAGEMENT AND THEY DO NOT INDICATE CAPITAL CONTROL, MARKET REMAINED FIRM THROUGH OUT THE DAY. TELECOM STOCKS JUMPED AFTER THE GOVERNMENT ALLOWED FOREIGN BORROWING TO FUND 3G SPECTRUM FEES. FMCG STOCKS FELL. BUT, METAL, BANKING AND CAPITAL GOODS STOCKS ROSE.

TODAY MARKET LOOKS RANGE BOUND WITH POSITIVE OUTLOOK ONCE IT CROSSES 5155. ON INTRADAY BASIS IF NIFTY TRADES ABOVE 5155 THEN IT IS EVIDENT IT MAY GO UP TO 5192 LEVEL AND BREAK ABOVE 5165 LEVELS WOULD TAKE NIFTY TO 5265 IN A VERY SHORT TIME, ONE CAN STAY POSITIONALLY LONG IN NIFTY IF NIFTY CLOSES ABOVE 5165 LEVELS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5111 THEN IT IS EVIDENT THAT NIFTY WOULD COME DOWN TO 5070 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 5003 THOUGH A MINOR SUPPORT EXISTS AROUND 5040 LEVEL BUT VOLUME SELLING WOULD NOT BE SUPPORTED AT 5040 LEVELS. ONE IS ADVISED TO STAY SHORT ONCE NIFTY BREAKS 5070 LEVELS. TAKE CLOSE WATCH ON BANKING SECTOR AND PHARMA.

BUY ICICIBANK SL 869 TGT 880/888/895
BUY CHAMBAL FERT SL 57 TGT 61/63.2
BUY ICSA SL 184 TGT 194/196.3/201.6
BUY UCO BANK SL 58.4 TGT 61.25/62.70
BUY LT SL 1669 TGT 1704/1721

INTRADAY TIPS FOR 10 DECEMBER 2009

GOOD MORNING!!!

WEAK GLOBAL STOCKS WEIGHED ON INVESTOR SENTIMENT ALONG WITH PROFIT BOOKING HAS LED THE INDICES TO THE LOWER LEVELS. METAL AND BANKING STOCKS LED THE DECLINE WHILE IT STOCKS ROSE. INTRADAY VOLATILITY WAS HIGH. THE MARKET RECOVERED SOON AFTER AN INITIAL SLIDE CAUSED BY WEAK ASIAN STOCKS BUT COULD NOT WITHSTAND THE HIGHER LEVELS. INDICES ARE ALMOST AT THE YEAR HIGHS AND INVESTORS ARE TO WORRY ABOUT, DOWNGRADED RATINGS FOR GREECE AND A RAFT OF DUBAI GOVERNMENT-CONTROLLED COMPANIES. ONE IS ADVISED TO STAY VERY CAUTIOUS IN THIS MARKET BUT ONE SHOULD BE WITH THE TREND.

TODAY MARKETS WOULD BE RANGE BOUND. IF NIFTY TRADES ABOVE 5111 THEN IT IS LIKELY TO TAKE TO 5140 AND TRADE ABOVE THIS LEVEL WITH VOLUMES WE MAY SEE NIFTY TO GO TO 5165 WHERE IT MAY FACE A STRONG RESISTANCE BUT BREAK ABOVE THIS LEVEL WOULD TAKE NIFTY TO NEW HIGHS OF THE YEAR AND ONE HAS TO SEE THIS LEVEL AS VERY CRUCIAL. AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5097 THEN IT IS EVIDENT THAT IT WILL PHASE SOME SUPPORT AT 5070 BUT BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5040 WHERE IT WILL HAVE A SLIGHT SUPPORT IF THIS LEVEL IS BROKEN IT WILL COME DOWN TO 5003. METALS LOOKS WEAK.

BUY SATYAM SL 99 TGT 106/109
BUY HDIL SL 339 TGT 352/358
BUY MARUTI SL 1594 TGT 1628/1645/1668
SELL STER SL 844 TGT 824/818
SELL TATASTEEL SL 551 TGT 538/532
POSITIONAL TRADES
BUY FRESHTROP FRUITS AT 39 TGT 55/76

INTRADAY TIPS FOR 09 DECEMBER 2009

GOOD MORNING!!!

INDICES EXTENDED GAINS AFTER THE REBOUND IN EUROPEAN MARKETS AND HIGHER US INDEX FUTURES. MARKETS TRIGGERED SOON AFTER ANNOUNCEMENT THAT IT WILL SEEK PARLIAMENTARY APPROVAL TO SPEND AN EXTRA RS 25725-CRORE ($5.5 BILLION) FOR THE FISCAL YEAR TO END-MARCH 2010. THE GROSS ADDITIONAL EXPENDITURE WOULD BE RS 30943 CRORE, OF WHICH 5217 CRORE WOULD BE MET THROUGH SAVINGS, THE GOVERNMENT SAID. THE GOVERNMENT WILL SPEND AN EXTRA RS 3000 CRORE ON FERTILISER SUBSIDIES AND RS 3460 CRORE ON FOOD SUBSIDIES. THE GOVERNMENT WOULD ALSO SPEND RS 800 CRORE ON AN EQUITY INFUSION IN STATE-RUN CARRIER AIR INDIA. MOST ASIAN STOCKS DECLINED ON TUESDAY AFTER BERNANKE SAID THE US ECONOMY FACES FORMIDABLE HEADWINDS BUT THE BERNANKE EFFECT WAS NOT SEEN IN THE INDIAN MARKETS WITH US AND EUROPEAN TRADING IN POSITIVE ZONES. RELIANCE INDUSTRIES ROSE 2.42% TO RS 1081.20 AS IT WAS REPORTEDLY IN TALKS WITH MORE THAN A DOZEN BANKS TO READY A $8-10 BILLION WAR CHEST FOR THE ACQUISITION OF LYONDELLBASELL, THE WORLD'S THIRD-LARGEST PETROCHEMICAL COMPANY THAT HAS FILED FOR BANKRUPTCY IN THE US. ALL IN ALL MARKETS WENT UP ON A VERY VERY STRONG NOTE BREAKING ALL THE BARRIERS OF CONSOLIDATION AND THERE WAS A GOOD VOLUMES ON NIFTY.

TODAY MARKET WOULD BE FIRM AND RANGE BOUND. IF NIFTY BREAKS 5165 AND TRADES ABOVE THIS LEVEL ON A STRONG NOTE IT WILL TAKE NIFTY TO NEW HIGHS, NIFTY MAY GO TO 5265 LEVELS IN A VERY SHORT TIME IF SUSTAINS ABOVE 5165. IF NIFTY TRADES BELOW 5140 THEN LIKELY TO TEST 5097 LEVELS. ONE CAN INITIATE LONG TRADES IF NIFTY CLOSES ABOVE 5165 LEVELS WITHOUT HESITATION AND BE SHORT ON THE NIFTY AS LONG AS NIFTY TRADES BELOW 5165.

BUY IDBI SL 135 TGT 140/142
BUY IBREAL ABOVE 222 SL 214 TGT 224/229
BUY JSWSTEEL ABOVE 1015 SL 1004 TGT 1029/1045
BUY JPASSOCIATES ABOVE 230 SL 227.4 TGT 234/237
SELL MARUTI SL 1576 TGT 1560/1547
SELL RANBAXY SL 508 TGT 500/494
SELL SBIN 2316 TGT 2295/2281
SELL ONGC SL 1186 TGT 1168/1160

INTRADAY TIPS FOR 08 DECEMBER 2009

GOOD MORNING!!!

INDICES INDICES EXTENDED LOSSES IN LATE TRADE TRACKING WEAK EUROPEAN STOCKS AND LOWER US INDEX FUTURES. INTRADAY VOLATILITY WAS HIGH. METAL STOCKS TUMBLED ON DECLINE IN METAL PRICES ON THE LONDON METAL EXCHANGE. BANKING, AUTO AND REALTY STOCKS ALSO FELL.

TODAY MARKET LOOKS RANGE BOUND TO NEGATIVELY BIASED AS THE ASIAN STOCKS ON THE WEAKER SIDE ALONG WITH AMERICAN INDICES FLAT. WE WILL SEE A NEGATIVE OPENING IN THE MARKET TODAY AND IF NIFTY TRADES BELOW 5070 THEN IT IS LIKELY TO TAKE A SUPPORT AT 5040 AND BREAK BELOW THIS LEVEL WE CAN SEE NIFTY TO SLIDE DOWN TO 5003 AND BELOW THIS LEVEL WE CAN SEE NIFTY TO TOUCH 4940 LEVELS THIS IS THE STRONGEST SUPPORT FOR NIFTY. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5111 THEN WE CAN SEE NIFTY TO SURGE UP TO 5140 AND THEN TO 5165. KEEP AN EYE ON RELIANCE GROUP.

BUY PIRAMAL HEALTH SL 414 TGT 428/434/442
BUY PFC SL 264 TGT 272/276/279
BUY SUZLON SL 80 TGT 85.60/90
SELL CAIRN SL 277 TGT 266/262
SELL STER SL 865 TGT 837/818
SELL SAIL SL 211 TGT 200/196
SELL RPOWER SL 149 TGT 141/137

INTRADAY TIPS FOR 07 DECEMBER 2009

GOOD MORNING!!!

LAST TRADING DAY WE HAVE WITNESSED AN IMMENSE INTRADAY VOLATALITY. THE MARKET RECOVERED FROM LOWER LEVEL FROM AN INITIAL SLIDE TRIGGERED BY WEAK ASIAN STOCKS. THE SENSEX MOVED INTO POSITIVE ZONE. IT FELL ONCE AGAIN INTO THE RED IN MID-MORNING TRADE. THE MARKET SURGED IN EARLY AFTERNOON TRADE AS STOCKS ROSE IN CHINA AND JAPAN. THE RESERVE BANK OF INDIA (RBI) IS LIKELY TO REVISE UPWARDS GROWTH FORECASTS FOR 2009/10 WHEN IT REVIEWS POLICY IN JANUARY 2010 AND MONETARY ACTION MAY BE NEEDED IF INFLATION ACCELERATES, INDIA'S EXIT FROM ITS LOOSE POLICY WOULD BE A CHALLENGE AND MANAGING THE CRISIS WAS EASIER THAN MANAGING THE RECOVERY NOW. MANAGING CAPITAL INFLOWS IS AGAIN AN IMPORTANT ISSUE BECAUSE LARGE CAPITAL INFLOWS AND ASSET PRICES COULD FEED ON EACH OTHER AND THIS COULD BE DESTABILIZING. MONEY SUPPLY GROWTH, WHICH WAS VERY LOW THIS YEAR COMPARED WITH IN THE PREVIOUS TWO YEARS, HAVE IMPLICATIONS FOR MONETARY POLICY.

TODAY MARKETS WOULD BE RANGE BOUND AND NEGATIVELY BIASED. IF NIFTY TRADES BELOW 5111 THEN IT IS LIKELY TO TEST 5070 LEVELS AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 5040 WHERE IT MAY HAVE A LITTLE RESISTANCE BUT BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5003. AND ON THE UPSIDE IF NIFTY TRADES ABOVE 5140 IT IS LIKELY TO TOUCH 5164 LEVELS BUT ANY CLOSE ABOVE 5165 IS CONSIDERED TO BE VERY BULLISH AND CLOSING BELOW 5097 IS CONSIDERED TO BE BEARISH. ONE CAN LOOK AT MEDIA STOCKS FOR INTRADAY LIKE TIPS INDUSTRIES, BALAJI TELEFILMS, SHREE ASHTAVINAYAK CINE VISION, CINEMAX INDIA, INOX LEISURE YOU CAN SEE ATLEAST 5% SURGE IN THESE STOCKS.

BUY FORTIS HEALTHCARE SL 114 TGT 125/129
BUY TATAMOTORS FUTURES SL 699 TGT 710/722
BUY JINDALSTEEL SL 719 TGT 736/744
BUY BALAJI TELEFILMS AT 54 TGT UPPER CIRCUIT
BUY CINEMAX INDIA LTD AT 59.75 TGT UPPER CIRCUIT
BUY INOX LEISURE LTD AT 60 TGT UPPER CIRCUIT
SELL MARUTI SL 1611 TGT 1591/1582/1576
POSITIONAL TRADES

GSPL AT 100.25 TGT 150*

INTRADAY TIPS FOR 04 DECEMBER 2009

GOOD MORNING!!!

THE KEY BENCHMARK INDICES REMAINED FIRM TILL AFTERNOON TAKING NIFTY TO NEW HIGHS AFTER COMMENTS BY A TOP ECONOMIC ADVISER AND DATA SHOWING A SURGE IN FOOD PRICE INFLATION REINFORCED MARKET EXPECTATION OF A HIKE IN CASH RESERVE RATIO BY THE CENTRAL BANK TO SUCK OUT EXCESS LIQUIDITY IN THE BANKING SYSTEM, LATER IN THE AFTERNOON WITH THE UNION CABINET DECISION ON THE PENSION FUND REGULATORY & DEVELOPMENT AUTHORITY BILL THAT SEEKS TO BRING FOREIGN DIRECT INVESTMENT (FDI) INTO THE SECTOR. IN A MOVE THAT IS AIMED AT SIGNALLING THE UPA GOVERNMENT'S INTENT TO AGGRESSIVELY PUSH THE REFORM AGENDA, THE CABINET WILL CLEAR THE PENSION FUND REGULATORY & DEVELOPMENT AUTHORITY BILL THAT SEEKS TO BRING FOREIGN DIRECT INVESTMENT (FDI) INTO THE SECTOR. THE BILL PROPOSES TO ALLOW FOREIGN PLAYERS TO HOLD UP TO 26% STAKE IN INDIAN PENSION FUND COMPANIES. IT WOULD ALSO PERMIT PENSION FUNDS TO DEPLOY PART OF THEIR CORPUS ABROAD IN APPROVED INSTRUMENTS. THE PENSION BILL, ORIGINALLY INTRODUCED IN PARLIAMENT IN 2005, COULD NOT BE CLEARED DUE TO STIFF OPPOSITION FROM LEFT PARTIES. IT WAS THEN REFERRED TO THE PARLIAMENTARY STANDING COMMITTEE ON FINANCE, WHICH RECOMMENDED THE BILL WITH SOME MODIFICATIONS. BUSINESS ACTIVITY AMONG INDIAN SERVICES COMPANIES EXPANDED IN NOVEMBER 2009 BUT AT A SLOWER PACE THAN IN THE PREVIOUS MONTH, WITH BROAD GROWTH ACROSS ALL SECTORS, A SURVEY RELEASED ON THURSDAY SHOWED. IN OCTOBER, THE RBI WITHDREW EMERGENCY LIQUIDITY MEASURES AND INCREASED SOME LOAN PROVISIONING REQUIREMENTS, BUT LEFT ITS KEY POLICY RATES UNCHANGED. A HIGH INFLATION WILL REQUIRE MONETARY ACTION ON LIQUIDITY, THE FOOD PRICE INDEX ROSE 17.47% IN YEAR TO 21 NOVEMBER 2009,

TODAY MARKETS WOULD OPEN NEGATIVE AND THE MARKET LOOKS ON THE WEAKER SIDE. TODAY IF NIFTY BREAKS BELOW 5111 WOULD LEAD NIFTY TO 5070 AND BREAK BELOW THIS THERE WOULD SOME PROFIT BOOKING ON SHORT SIDE AT 5040 AND THE MAJOR SUPPORT SEEN IS AROUND 5003 ONE HAS TO WATCH CAREFULLY THIS LEVEL FOR SHORT ENTRY IF MARKET BREACHES THIS LEVEL AND CLOSES THEN WE CAN SEE FURTHER DIP IN MARKETS. ON THE UPSIDE IF NIFTY TRADES ABOVE 5046 THEN ONE CAN GO LONG FOR A TARGET OF 5164 AND ONE CAN STAY INVESTED IN LONGS AS LONG AS NIFTY IS ABOVE 5164 ONE LOOK FOR A TARGET OF 5267. AVIATION STOCKS LOOKS GOOD (JET AIRWAYS, SPICEJET & KFA)
BUY SASKEN COMM SL 162 TGT 175/178
BUY CIPLA SL 340 TGT 352/358
SELL TATAMOTORS SL 711 TGT 700/696/691
SELL ICICI BANK SL 891 TGT 875/866/857
SELL RELIANCE SL 1103 TGT 1081/1072