INTRADAY TIPS FOR 07 JANUARY 2010

GOOD MORNING!!!

INDICES OPENED ON HIGH NOTE TOUCHING 5300 MARKET IN THE OPENING OF THE MARKET AND KEPT ON NAGGING UP AND DOWN WITH PROFIT BOOKING AT EVERY HIGHER LEVELS IN THE MARKET, WITH EXPECTATIONS ON Q3 RESULTS MARKET MAY SEE SOME STRENGTH AND SUSTAIN THE SELLING ACTIVITY UNLESS AND UNTIL THE MARKET SEE SOME STRONG REVERSAL IN THE TREND. THOUGH MARKET BREADTH REMAINED POSITIVE IT WAS WEAKENED COMPARED TO A STRONG BREADTH WITNESSED IN EARLY TRADE.
TODAY MARKET WOULD BE RANGE BOUND AND MARKET SEEMS TO BE IN THE PHASE OF CONSOLIDATION ANY BREAKOUT FROM THE CURRENT LEVELS WOULD SHOW THE TREND. ONE HAS TO WATCH OUT FOR NIFTY BREAKING 5200 UNTIL THEN ONE CAN STAY LONG AND WE MAY SEE MARKET TO BE STOCK SPECIFIC DON’T SHORT ANYTHING THING BEFORE 5200 LEVELS THAT’S THE FIRST CONFIRMATION WHERE ONE CAN GO SHORT. ON THE UPSIDE IT NIFTY SUSTAINS ABOVE 5300 THEN LIKELY TO MOVE UP TO 5350 AND THEN TO 5385 AND THINKING OF SHORTING ONLY BELOW 5200. WE MAY EXPECT SOME POSITIVE BUYING IN REALITY AND PHARMA.

BUY RANBAXY SL 517 TGT 534/540
BUY APTECH SL 199.9 TGT 209/214
BUY DLF SL 376 TGT 381/384
BUY ABRILANUVO SL 943 TGT 965/974
BUY DIVISLAB SL 684 TGT 699/706/714
BUY SINTEX SL 287 TGT 295/299/304

INTRADAY TIPS FOR 06 JANUARY 2010

GOOD MORNING!!!
IT WAS A STRAIGHT SECOND DAY OF POSITIVE MARKETS IN THE NEW YEAR. WITH ASIAN STOCKS ON A POSITIVE NOTE. METAL STOCKS SOARED AS BASE METAL PRICES SURGED ON THE LONDON METAL EXCHANGE ON MONDAY, 4 JANUARY 2010. REALTY AND BANKING STOCKS, ALSO CONTRIBUTED TO LEAD NIFTY TO NEW HIGHS. THE MARKET BREADTH WAS STRONG, THOUGH THE MARKET REMAINED RANGE BOUND IN MORNING TRADE AND MOVED IN A VERY NARROW RANGE IT LATER SURGED HITTING A NEW HIGH ON THE INDICES.
MARKETS STILL REMAIN IN POSITIVE TERRITORY AND ONE HAS TO SEE THAT MARKET IS NOT YET READY FOR GOING SHORTS SO AVOID SPECULATIVE TRADING AT THIS JUNCTURE AS IT MAY MAKE A DECEPTIVE MOVE SO WAIT FOR AN OPPORTUNITY AS THERE IS A VERY BIG ROOM FOR ENTERING AND I WOULD ADVISE EACH AND EVERYONE NOT TO TRY CATCHING THE WAVE AT THE BEGINNING AS IT INVOLVES LOT OF RISK TRY TO MINIMIZE IT AND TRADE WITH THE TREAD. IF NIFTY TRADES ABOVE 5284 THEN IT IS EXPECTED TO BREAK PREVIOUS HIGHS AND TRADING ABOVE 5300 WE CAN SEE NIFTY TO TOUCH 5350 LEVELS AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5270 THEN WE CAN SEE NIFTY TO 5256 AND THEN TO 5233 IF NIFTY TRADES LOWER THAN 5200 THEN IT IS ADVISED TO EXIT ALL YOUR LONGS AND STAY AWAY AND SHORT ONLY IF NIFTY CLOSES BELOW 5197 LEVELS AND DON’T SHORT AGGRESSIVELY SHORT ONLY 50% OF THE QTY OF WHAT YOU CAN SHORT.

BUY OPTOCIRCUITS SL 236.6 TGT 242/244/246
BUY SCI SL 158.5 TGT 164/166
BUY JINDALSTEEL SL 725 TGT 733.4/740/748
BUY RPOWER SL 159 TGT 163/165
BUY PARSVNATH SL 127.4 TGT 132/135/137
BUY ESSAR OIL SL 149 TGT 155/157/160

INTRADAY TIPS FOR 05 JANUARY 2010

GOOD MORNING!!!
IT WAS A SPECTACULAR START OF THE YEAR WITH MANY INDICES HITTING 20 MONTHS HIGH ON THE STRONG AUTO SALES AND SURGE IN MANUFACTURING ACTIVITY IN THE LAST MONTH AND ADDING TO THE TRIGGER IS THE JUMP IN EXPORTS HAS TRIGGERED THE MARKETS TO THE NEW HIGHS. NIFTY HAS CLOSED AT 22 MONTH HIGH WHILE SENSEX CLOSED 20 MONTH HIGH.. IT, CEMENT, BANKING, METAL AND CONSUMER DURABLES STOCKS MOVED UP WITH MARKET BREADTH EDGING MUCH STRONGER. WITH FINANCE MINISTRY CHIEF ECONOMIC ADVISOR STATING ABOUT THE EXPECTED GROWTH OF ECONOMY AT MORE THAN 7.5% IN THE FISCAL YEAR ENDING MARCH 2010, HE ALSO ADDED, “THERE IS NO EXPECTATION OF MONETARY TIGHTENING”, AND IT WAS ALSO SPECIFIED THAT THE INFLATION WHICH IS TAKING PLACE IS SECTOR SPECIFIC AND THERE IS NO REASON FOR TIGHTENING OF MONETARY POLICY, WITH THIS ANNOUNCEMENT AND EUROPEAN MARKETS OPENING POSITIVE MARKETS HAVE TRIGGERED TO THE MULTI MONTH HIGHS.
ONE IS ADVISED NOT TO SHORT AT THIS POINT OF TIME AS THERE IS NO NEGATIVE INDICATION IN THE MARKETS AND TO THE MAJORITY MARKET IS ON THE GOOD RALLY SO MAKE USE OF IT AND TIMELY EXIT WHEN IT IS REQUIRED AS INDICATED BELOW SOME OF THE POSITIVE TRIGGERS FOR MARKETS ARE: -
(a) LATEST DATA SHOWED THAT THE RATE OF GROWTH IN MANUFACTURING ROSE FOR THE FIRST TIME IN THREE MONTHS IN DECEMBER 2009, WITH ACTIVITY REACHING ITS HIGHEST SINCE MAY 2009 ON SHARP RISES IN NEW WORK AND OUTPUT.
(b) BETTER ADVANCED TAX PAYMENTS WHICH INDICATE GOOD Q3 RESULTS
(c) OUTSTANDING AUTO SALES
(d) POSITIVE GLOBAL QUES.

WE MAY SEE A POSITIVE OPENING IN THE MARKETS AND WE MAY SUSTAIN AN UPTREND AS LONG AS NIFTY IS HOLDING 5185, ONE IS ADVISED TO HOLD THEIR LONGS AS LONG AS NIFTY IS CLOSING ABOVE 5185 LEVELS AND KEEP BOOKING PARTIAL PROFITS. TODAY, IF NIFTY TRADES ABOVE 5240 THEN LIKELY TO MOVE TO 5282 AND TRADE ABOVE THIS POINT WOULD TAKE NIFTY TO FURTHER HIGHS AND CAN SEE NIFTY TO TOUCH 5400. ON THE DOWNSIDE IF NIFTY TRADES BELOW 5224 THEN MAY DRIFT DOWN TO 5197 AND ANY CLOSE BELOW 5185 IT IS LIKELY TO COME DOWN SO EXIT ALL LONGS BELOW 5185 UNTIL THEN KEEP BOOKING PROFITS AND RETAIN LONGS. CEMENTS, METALS LOOK POSITIVE ALONG WITH BANKING.

BUY PANTALOON SL 384 TGT 395/398/404
PUNJLLOYD SL 206 TGT 215/217/220
EDUCOMP SL 737 TGT 775/786/800
HINDZIND SL 1179 TGT 1235/1254
ROLTA SL 197 TGT 206/209

INTRDAY TIPS FOR 04 JANUARY 2009

GOOD MORNING!!!

ITS AN UNEXPECTED MOVE TO START MARKETS FROM 9 AM FOR THE TRADING FRATERNITY, THIS NEW YEAR BRINGS IN LITTLE SURPRISE OF EXTENSION OF TIMINGS FOR ALL THE STOCK EXCHANGES FOR 55 MINUTES WITH EARLY HOURS FROM 9 AM TO 3:30 PM. IN THE LAST TRADING SESSION, THE KEY BENCHMARK INDICES ATTAINED THEIR HIGHEST CLOSING LEVEL IN NEARLY 20 MONTHS. VOLATILITY SURGED IN LATE TRADE AS TRADERS ROLLED OVER POSITIONS IN THE DERIVATIVES SEGMENT, TO JANUARY 2010 SERIES FROM THE NEAR-MONTH DECEMBER 2009 SERIES OVERALL IT WAS VERY GOOD IN TERMS OF SECTORIAL INDICIES, AS ALMOST ALL THE SECTORS HAVE GAINED EXCEPT FOR FMCG, HEALTH CARE AND REALITY. NATIONAL ALUMINIUM HAS OUTPERFORMED IN THE LAST TRADING SESSION. OVERALL THE BREADTH OF THE MARKET REMAINED POSITIVE.

TODAY MARKET WOULD BE POSITIVE WITH NIFTY HAS A RESISTANCE AT 5250 ABOVE THIS POINT NIFTY MAY MOVE UP TO 5284 AND CLOSING ABOVE THIS POINT WOULD LEAD NIFTY TO NEW HIGHS I.E., TO 5400 AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5164 THEN WOULD DRAG NIFTY TO 5133 AND TRADE BELOW THIS LEVEL WOULD LEAD TO 5106 ANY CLOSE BELOW THIS POINT WOULD MAKE A LOT OF DIFFERENCE AS NIFTY MAY TRIAL DOWN MUCH MORE THAN ANTICIPATED. AUTO, CEMENT AND STEEL WOULD OUT PERFORM, THESE SECTORS WILL FOCUS IN THE FIRST TRADING WEEK OF 2010 AS COMPANIES UNVEIL THEIR SALES DATA FOR DECEMBER 2009. WE EXPECT STEEL SHARES MAY GET A BOOST FROM A LIKELY HIKE IN STEEL PRICES IN THE NEW YEAR. WE MAY SEE BANKING SECTOR TO MOVE UP TODAY IN THE MARKETS.

BUY SBI SL 2239 TGT 2287/2299/2331
BUY M&M SL 1074 TGT 1093/1100
BUY IOB SL 107 TGT 114.9/118.80/121
BUY SAIL SL 237 TGT 246/252

POSITIONAL TRADES

BUY HSIL AT 89 TGT 100%/200%

INTRADAY TIPS FOR 31 DECEMBER 2009

GOOD MORNING!!!
WISHING YOU A HAPPY AND PROSPEROUS NEW YEAR 2010

LOWER INDEX FUTURES AND CONSOLIDATION IN EUROPEAN MARKETS TRIGGERED INDIAN INDICES IN PROFIT TAKING. VOLATALITY WAS HIGH AS TRADERS HAVE ROLLED OVER THEIR POSITIONS FROM THE PRESENT MONTH CONTRACT TO THE NEXT MONTH. WE HAVE WITNESSED SOME PROFIT TAKING AFTER A STRAIGHT 4 DAY RALLY, THOUGH WE HAVE WITNESSED SOME PROFIT BOOKING MARKET BREADTH REMAINED STRONG. THERE WAS HIGH ROLLOVER IN TELECOM, BANKING AND FMCG STOCKS AND LOW ROLLOVERS SEEN IN PHARMA AND IT AND LEAST ROLLOVER WAS WITNESSED IN REAL ESTATE.

TODAY WE MAY SEE NIFTY TO BE HIGHLY RANGE BOUND WITH THE EXPIRY. NIFTY MAY TRADE IN NARRO RANGE BOUND WITH POSITIVE BIAS BUT WOULD SUSTAIN ONLY ON THE LEVELS INDICATED BELOW. IF NIFTY TRADES ABOVE 5200 THEN LIKELY TO MOVE UP TO 5222 WHICH IS AGAIN A STIFF RESISTANCE BREAK ABOVE THIS WOULD TAKE NIFTY TO 5250 AND THEN 5270 AND ON THE DOWN SIDE IF NIFTY TRADES BELOW 5160 THEN WE MAY HEAD TOWARDS 5120 AND BREAK BELOW AND SUSTAINED SELLING WOULD DRIFT DOWN TO 5058 LEVELS. BE CAUTIOUS DON’T SHORT ANYTHING IN THE MARKET AS MARKET STILL LOOKING POSITIVE AND BE AWAY FROM BANKING STOCKS. STOCKS LIKE LT, ITC ARE LOOKING WEAK

BUY INDIAN HOTEL SL 100.90 TGT 103/105
BUY HINDOIL EXPLORATION SL 287 TGT 307/312/318
BUY RELINFRA SL 1144 TGT 1169/1179

INTRADAY TIPS FOR 30 DECEMBER 2009

GOOD MORNING!!!

KEY INDICES EXTENDED GAINS FOR THE FOURTH STRAIGHT SESSION ON SUSTAINED BUYING, INDICES HELD AT THEIR HIGHEST LEVEL IN 19 MONTHS. GLOBAL CUES WERE POSITIVE WITH EUROPEAN STOCKS AND MOST ASIAN MARKETS TRADING FIRM. VOLATILITY ROSE AS TRADING PROGRESSED. THE MARKET BREADTH WAS STRONG. POWER GENERATION STOCKS WITNESSED AN ACROSS THE BOARD RALLY ON FRESH BUYING. TELECOM SHARES GAINED. HOWEVER, SOFTWARE PIVOTALS ALSO DECLINED ON PROFIT BOOKING AFTER A RECENT STRONG UPMOVE WHICH HAD PROPELLED SOME OF THE COUNTERS TO A 52-WEEK HIGH. AUTO STOCKS WERE MIXED. HEAVYWEIGHTS RELIANCE INDUSTRIES AND ICICI BANK ROSE. A SELL-OFF PULLED THE MARKET OFF THE HIGHER LEVEL IN LATE TRADE.
TODAY WE MAY SEE NIFTY TO BE RANGE BOUND WITH HIGH VOLATILITY AND STOCK SPECIFIC MOVES. IF NIFTY TRADES ABOVE 5200 THEN WE MAY LIKELY TO HEAD TOWARDS 5222 AND THEN TO 5250 LEVELS AND IF IT TRADES ABOVE 5250 WE MAY SEE NIFTY TO MOVE UP TO 5270 THIS IS CONSIDERED TO BE CRUCIAL RESISTANCE AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5190 THEN LIKELY TO HEAD TO 5160 AND THEN TO 5120 LEVELS AND ANY BREAK BELOW 5120 WILL DRAG NIFTY TO 5058 LEVELS. IF NIFTY CLOSES BELOW 5190 LEVELS IT IS ADVISED TO EXIT POSITIONS AS WE MAY SEE HIGHLY VOLATILE SESSION TOMORROW AS WELL AHEAD OF EXPIRY AND CLOSING BELOW 5120 WE MAY WITNESS HIGH SELLING.
NIFTY BELOW 5190 SL 5198 TGT 5179/5167/ 5159/5147
NIFTY ABOVE 5198 SL 5190 TGT 5210/5222/5228/5240

BUY HCC SL 145 TGT 152/155
BUY TINPLATE SL 68 TGT 75/77
BUY MOSERBAER SL 84 TGT 87.5/88.6
BUY SWISS GLASSCOAT SL 37 TGT 43/45
BUY KINGFISHER SL 59.4 TGT 62.4/63.6 (CAN HOLD POSITIONALLY IF CLOSES ABOVE 63.6)
BUY ONWARD TECHNOLOGIES LTD TGT 46 (CAN HOLD POSITIONALLY FOR A TGT OF 100%/150%/200%)

INTRADAY TIPS FOR 29 DECEMBER 2009

GOOD MORNING!!!

MARKET ON THE THURSDAY WAS EXCEPTIONALLY OUTPERFORMED WITH BULLS TAKING A VERY UPPER HAND AND SUPPORTIVE HAND FROM FOREIGN INSTITUTIONAL INVESTORS LENDING THEIR QUALITY HAND IN TAKING THE NIFTY TO THE 19 MONTH HIGH. ALL THE SECTORS HAVE OUTPERFORMED IN THE LAST TRADING SESSION. WE MAY SEE MARKETS TO REMAIN HIGHLY VOLATILE IN THE WEEK AHEAD AS TRADERS WILL ROLL OVER POSITIONS IN THE DERIVATIVE SEGMENT AHEAD OF EXPIRY. FROM NOW ON WE MAY SEE VERY CAUTIOUS OPTIMISM IN THE MARKETS.

TODAY MARKET MAY OPEN POSITIVE AND REMAIN IN A POSITIVE ZONE WITH NIFTY BREAKING VERY CRUCIAL RESISTANCE LEVELS IN THE LAST TRADING SESSIONS WITH THE HIGHER ADVANCE TAX FIGURES 44% WHICH IS A KEY TO THE GROWTH AND THERE BY SUGGESTING THE BETTER THIRD QUARTER RESULTS MARKET MAY NOT GIVE UP AT THIS JUNCTURE AND LIKELY TO HOLD THE LEVELS. TRADING VOLUMES IN THE MARKET MAY COME DOWN DRASTICALLY WITH MANY FOREIGN AND DOMESTIC FUND MANAGERS TAKING A LONG BREAK WITH A FOUR DAY HOLIDAY AND FRIDAY THE 1ST OF JANUARY 2010 BEING HOLIDAY MIGHT USE THIS OPPORTUNITY FOR A YEAR END VACATION AND TRADING VOLUMES MAY RESUME ONLY AFTER 2ND JANUARY 2010. THE ONLY CONCERN IN THE PRESENT SITUATION IN THE MARKET IS FOOD PRICE INDEX AS FOOD INFLATION IS HOVERING AT 20% WHICH IS A MATTER OF CONCERN. IF NIFTY TRADES ABOVE 5191 THEN IT IS LIKELY TO GO TO 5236 AND THEN 5254 LEVELS ANY CLOSE ABOVE 5200 WILL TAKE NIFTY TO NEW HIGHS. ON THE NEGATIVE SIDE IF NIFTY BREAKS BELOW 5180 THEN MAY FIND ITS WAY TO 5163 AND THEN IT MAY TAKE SUPPORT AT 5134 AND BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5117, ANY CLOSE BELOW 5163 IS A CAUTION TO STAY AWAY FROM LONGS AND EVERYONE IS CAUTIONED TO STAY INVESTED ONLY 25% OF THE CAPITAL AS THE MARKET IS AT ITS PEAK AND TRADING IN WAVE 5 ACCORDING TO ELLIOT WAVE THEORY

BUY TATAMOTORS SL 774 TGT 785/794/811
BUY IBREAL SL 214.9 TGT 224/228
BUY RELINFRA SL 1074 TGT 1113/1131
BUY SIEMENS SL 569 TGT 583/589
BUY HOTELLEELA SL 43.5 TGT 46.35/48
BUY HCC SL 145 TGT 152.5/157.65
POSITIONAL TRADES
BUY MEDICAMEN BIOTECH AT 24 TGT 47/120