INTRADAY TIPS FOR 11 JANUARY 2010

GOOD MORNING!!!

THE MARKET MAY SEE STOCK-SPECIFIC ACTION THIS WEEK AS THIRD QUARTER RESULT SEASON KICKS OFF. BESIDES CORPORATE RESULTS, MARKET PARTICIPANTS WILL BE KEENLY WATCHING INDIA'S INDUSTRIAL PRODUCTION DATA, GOVERNMENT DATA ON INDUSTRIAL PERFORMANCE FOR NOVEMBER 2009, AS MEASURED BY THE INDEX OF INDUSTRIAL PRODUCTION (IIP), WILL BE UNVEILED ON 12 JANUARY 2010 AND MONTHLY INFLATION DATA, INFLATION DATA FOR DECEMBER 2009 IS DUE ON 14 JANUARY 2010. MAJOR COMPANIES ANNOUNCING Q3 RESULTS INCLUDE, INFOSYS TECHNOLOGIES (ON 12 JANUARY), BAJAJ AUTO (12 JANUARY), TCS (15 JANUARY), HDFC BANK (15 JANUARY), AND AXIS BANK (15 JANUARY).
TODAY WE MAY WITNESS A BOUT OF VOLATILITY AND STOCK-SPECIFIC MOVEMENTS IN THE MARKET AMID THIRD QUARTER RESULTS THOUGH MARKET IS IN AN OVER STRETCHED ZONE AND THOUGH PROFIT BOOKING TAKING PLACE AT EVERY HIGHER LEVEL TECHNICALLY THE TREND REMAINS STILL BULLISH. IF NIFTY TRADES ABOVE 5265 THEN LIKELY TO SEE NIFTY TO INCH TO 5285 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5313 AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5238 THEN WE MAY SEE NIFTY SLIDING DOWN TO 5217 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 5197 AND ANY CLOSING BELOW THIS POINT IS CONSIDERED TO BE NEAR TERM BEARISH SO STAY INVESTED ABOVE 5197 AND BELOW THIS LEVEL REMAIN SHORT.
BUY GRASIM SL 2749 TGT 2790/2820/2845
BUY RELCAP SL 904 TGT 913/919/927
BUY HDIL SL 374 TGT 382/385/388
BUY SATYAM SL 108 TGT 117/120

INTRADAY TIPS FOR 08 JANUARY 2010

GOOD MORNING!!!

THE PAST TRADING SESSIONS WERE ABSOLUTE GAINS FOR MANY OF THE INDICES STOCKS WHICH HAS PULLED THE KEY INDICES TO MUCH HIGHER ZONES OF MULTIPLE MONTHS, LAST TRADING SESSION WAS WEAK WITH GLOBAL CUES AND LOWER US INDEX FUTURES WHICH HAS UNDERPINNED THE SENTIMENT ON THE DOMESTIC BOURSES. AUTO HAS DRIFTED DOWN FOR THE STRAIGHT THIRD DAY AND IT LOST ITS GROUND AFTER A STRAIGHT FEW MONTHS RALLY WITH THE DECLINE IN THE DOLLAR AND RISE IN THE RUPEE VALUE. RELIANCE WAS FIRM ON TALKS OF FUND RAISING BY THE COMPANY THROUGH SALE OF TREASURE SHARES APART FROM THE RECENT 2,675 CRORES IS REPORTEDLY LOOKING TO GENERATE SIMILAR AMOUNT OVER THE NEXT FEW WEEKS BY SELLING MORE STOCK TO INSTITUTIONAL INVESTORS AND THE SATE WOULD BE OFFERED AT DISCOUNT OF 2 TO 4% AS PART OF A STRATEGY TO BEEF UP ITS CASH RESERVE.
TODAY MARKETS MAY OPEN POSITIVE WITH FEW STOCKS GIVING GOOD BREAKOUTS. THE ONLY CONCERN IS THE RELIANCE INDUSTRIES WITH THE RUMOURS OF SOME CONSPIRACY IN THE ACCIDENT OF THE DEAD OF DR.YS RAJASEKHAR REDDY MAY HAVE SOME WEAKNESS WHICH INTURN MAY LEAD THE MARKET LITTLE WEAKER. IF NIFTY TRADES ABOVE 5258 ON THE CLOSING BASIS THEN THE ONE CAN HOLD ON THEIR LONGS AND BELOW THIS POINT ONE CAN TAKE SHORT POSITIONS. ON INTRADAY TERMS IF NIFTY TRADES ABOVE 5270 THEN LIKELY TO 5285 AND THEN TO 5307 AND ANYTHING ABOVE 5307 LIKELY TO TOUCH 5338 AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5250 THEN ONE CAN TAKE SHORT POSITION FOR TARGETS 5234 AND THEN TO 5219 AND BREAK BELOW WOULD LEAD TO 5205 ANY BREAK BELOW THIS POINT IN INTRADAY TERMS IS WEAK AND ONE CAN RETAIN THEIR SHORTS FOR THE NEXT TRADING SESSION. TODAY TEXTILES AND FINANCIAL SECTOR LOOKS GOOD
BUY ABAN SL 1414 TGT 1461/1480
BUY SIEMENS FUTURES SL 607 TGT 624/638/650
BUY ABB SL 774 TGT 794/808/822
BUY ARVIND MILLS SL 41.4 TGT 44/46
BUY ALOK SL 24 TGT 27.5/29.3
SELL HEROHONDA SL 1648 TGT 1610/1591

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