INTRADAY TIPS FOR 21 JANUARY 2010

GOOD MORNING!!!

KEY INDICES EDGED LOWER ON THE WEAK GLOBAL QUES IMPACTING THE SENTIMENTS OF THE INVESTORS. MARKET BREADTH WAS WEAK ALMOST ALL THE INDICES EDGED LOWER TRIGGERING THE SENTIMENT FROM POSITIVE TO NEGATIVE ZONE ALL THE SECTORAL INDICES LIKE REALITY, HEALTH CARE, PSU, FMCG, OIL EXPLORATION AND PSU FELL EXCEPT FOR THE METAL INDEX WHICH SHOT UP. ON A HIGHLY VOLATILE MARKET WE HAVE SEEN ONLY STOCK SPECIFIC MOVES
TODAY MARKET LOOKS WEAK ON GLOBAL FACTORS AS AMERICAN STOCK EXCHANGES COLLAPSED AND ASIAN INDICES TRENDING DOWNWARDS SO WE MAY EXPECT NIFTY TO OPEN GAP DOWN AND TAKE SUPPORT AROUND 5166 AND BREAK BELOW THIS LEVEL WOULD LEAD NIFTY TO FURTHER NEW LOWS AND WE EXPECT NIFTY TO COME DOWN TO 5069 IF NIFTY TRADES BELOW 5197 THEN WE CAN STAY SHORT. ON THE POSITIVE SIDE IF NIFTY CLOSES ABOVE 5270 ONLY THEN IT IS ADVISED TO GO LONG TILL THEN ITS NO TRADING ZONE.

BUY MARUTI SL 1450 TGT 1466/1470/1488
BUY TATASTEEL SL 643.8 TGT 657/666
BUY BHUSHANSTEEL SL 1679 TGT 1740
BUY DCHL SL 169 TGT 174/176
SELL RANBAXY 500 TGT 480/470/462
SELL AXIS BANK SL 1086 TGT 1075/1068/1052
SELL M&M SL 1160 TGT 1134/1120/1090
SELL JP HYDRO SL 79.45 TGT 76/74
SELL CENTURY SL 565.5 TGT 550/543/534
NOTE: TAKE BUY CALLS ONLY IF THE SCRIP TRADES ABOVE CLOSING PRICE AND SELL CALLS IF IT IS TRADING BELOW YESTERDAYS CLOSING.

INTRADAY TIPS FOR 20 JANUARY 2010

GOOD MORNING!!!

INDICES HAVE HIT FRESH LOWS DURING THE LATE TRADE ON WEAKNESS IN WORLD STOCKS. IT, REALTY, AUTO AND HEALTHCARE STOCKS FELL. BUT BANKING STOCKS ROSE. THE MARKET BREADTH WAS WEAK. THE BREADTH WAS STRONG EARLIER IN THE DAY. VOLATILITY WAS HIGH. THE MARKET MOVED BETWEEN POSITIVE AND NEGATIVE ZONE EARLIER IN THE TRADING SESSION AND RECOVERED TO SLIGHTLY POSITIVE ZONE BUT THE INTRADAY RECOVERY PROVED SHORT LIVED. THE MARKET WEAKENED IN MID-MORNING TRADE. A SELL-OFF WAS WITNESSED LATER. THE MARKET EXTENDED LOSSES IN LATE TRADE TRACKING WEAK EUROPEAN STOCKS.

TODAY MARKET WOULD OPEN POSITIVE TO FLAT AND TRADE IN NARROW RANGE BOUND UNTIL NIFTY BREACHES 5197 ONE CAN STILL REMAIN IN POSITIVE SIDE OF THE NIFTY IF NIFTY TRADES 5238 THEN LIKELY TO TEST 5276 LEVELS AND TRADE ABOVE 5276 WOULD LEAD NIFTY TO 5290 WHICH IS VERY CRUCIAL LEVEL FOR NOW IN NIFTY UNLESS AND UNTIL WE SEE CLOSING ABOVE 5290 ONLY THEN WE CAN SEE A GOOD MOVE. IF NIFTY TRADES BREAKS 5197 THEN LIKELY TO COME DOWN TO 5168 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY 5087 ANY CLOSE BELOW 5197 IS CONSIDERED TO BE WEAK AND WOULD ADVISE TO EXIT LONGS AND CONVERT TO SHORTS.
BUY YESBANK SL 279 TGT 287/292.75
BUY CHAMBALFERT SL 70.4 TGT 72/75
BUY PATEL ENGG SL 472 TGT 490/494/497
POSITIONAL CALLS
BUY EMPEE DIS AT 138 TGT 100%

BUY EPC INDS AT 64+ TGT 100%/150%

INTRADAY TIPS FOR 19 JANUARY 2010

GOOD MORNING!!!

INDICES EDGED HIGHER AS ON REPORTS BANKS ARE UNLIKELY TO RAISE LENDING RATES IN THE NEAR TERM EVEN IF THE CENTRAL BANK SIGNALS A TIGHTENING OF THE MONETARY POLICY BY HIKING THE CASH RESERVE RATIO (CRR). REALTY STOCKS FELL. BUT BANKING, AUTO AND IT STOCKS GAINED. THE MARKET WAS VOLATILE. OVERALL THE STRENGTH OF THE MARKET REMAINED POSITIVE FOR THE ENTIRE DAY.
TODAY NIFTY EVEN IF IT OPENS NEGATIVE TO FLAT MARKET MAY REMAIN POSITIVE UNLESS AND UNTIL IT BREACHES THE SUPPORT GIVEN BELOW. IF NIFTY TRADES ABOVE 5276 LIKELY TO GO TO 5311 AND TRADE ABOVE THIS POINT WOULD TAKE NIFTY TO 5350 AND THEN TO 5400 ANYTHING ABOVE 5311 IS CONSIDERED TO BE VERY GOOD AND WILL MOVE STRONGLY FROM THAT POINT TO ANOTHER 100 POINTS. AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5257 THEN LIKELY TO COME DOWN TO 5238 AND BELOW THIS LEVEL WOULD TAKE NIFTY TO 5202 ANY CLOSE BELOW 5200 IS CONSIDERED TO BE WEAK. ONE IS ADVISED TO STAY SHORT BELOW 5202. APART FROM THE RECOMMENDATION GIVEN BELOW REALITY, AUTO, BANKING LOOKS STRONG AND THE STOCKS IN POSITIVE ZONE ARE GSPL, GTL, HCC, GVKPIL, HEROHONDA, INDHOT, IFCI, INDIAINFO, INDIANBANK, CANPAND, JINDALSTEL, JPHYDRO, KOTAKBANK, MTNL, PANTALOON.
BUY BANK OF BARODA SL 544 TGT 560/567/572
BUY BHARAT FORGE SL 300 TGT 305/308
BUY CUMMINSIND SL 444 TGT 459/464/470
BUY DLF SL 382 TGT 389/394/399
BUY HDIL SL 382 TGT 392/396/399
BUY AXIS BANK SL 1099 TGT 1115/1119/1125
BUY GAIL SL 434 TGT 445/450
BUY SRF SL 215 TGT 221/223/225
POSITIONAL CALLS
NAVIN FLUORINE AT 386 TGT 500/600/700/800
BUY PURAVANKARA AT 119 TGT 150/200

INTRADAY TIPS FOR 18 JANUARY 2010

GOOD MORNING!!!

LAST DAY WE HAVE WITNESSED MARKETS EDGING HIGHER IN EARLY TRADE TRACKING HIGHER ASIAN STOCKS. THE MARKET LOST GROUND LATER AND CAME OFF THE DAY'S LOWS IN MORNING TRADE. THE MARKET HIT A FRESH INTRADAY LOW IN MORNING TRADE IT WAS COMPLETELY A CHOPPY TRADING SESSION. ALONG METAL AND CAPITAL GOODS STOCKS RELIANCE ALSO FELL. BUT, REALTY STOCKS ROSE. THE MARKET BREADTH TURNED NEGATIVE IN LATE TRADE IN CONTRAST TO A STRONG BREADTH EARLIER IN THE DAY.
WE EXPECT MARKET TO REMAIN IN A CHANNEL WHERE IT NEEDS TO BREAK THE CHANNEL TO PAVE A PATH FOR THE NEW TREND. TODAY IF NIFTY TRADES BELOW 5244 THEN LIKELY TO TEST TAKE A SUPPORT AT 5214 LEVELS AND ANY BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 5197 WHICH IS VERY CRUCIAL AND BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5177 AND ANY CLOSE BELOW 5197 IS CONSIDERED TO BE BEARISH. AND ON THE UPSIDE IF NIFTY TRADES ABOVE 5262 THEN LIKELY TO MOVE UP TO 5285 AND BREAK ABOVE THIS LEVEL WOULD TAKE NIFTY TO 5311 AND ANY CLOSING ABOVE 5285 WOULD TAKE NIFTY TO NEW HIGHS OF THE RECENT PAST. WE MAY SEE MOVEMENT IN IT, CEMENT AND PSU’S.

BUY TCS SL 785 TGT 804/809
BUY HDIL SL 374 TGT 389/394/399
BUY CENTURY TEXTILES SL 584 TGT 594/599/608
BUY AMBUJA CEM SL 109 TGT 117/119
BUY BOMBAY DYEING SL 559 TGT 586/590/594
SELL RELIANCE SL 1116 TGT 1095/1080
SELL PNB SL 917 TGT 897/882

INTRADAY TIPS FOR 15 JANUARY 2010

GOOD MORNING!!!

INDICIES HAVE SHOWN GREAT STRENGTH AT THE CURRENT LEVELS MARKET WOULD NOT LIKELY TO TEST NEW LOWS UNLESS THE RECENT HIGHS ARE BROKEN. MARKETS STILL REMAIN POSITIVE UNLESS AND UNTILL NIFTY CLOSES BELOW 5197 ONE CAN SEE A POSITIVE BIAS IN NIFTY FOR INTRADAY. TODAY IF NIFTY TRADES ABOVE 5270 THEN LIKELY TO HEAD TOWARDS 5316 AND ANY BREAK ABOVE THIS POINT AND CLOSE WOULD TAKE NIFTY TO 5380. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5230 THEN NIFTY MAY TAKE SUPPORT AT 5177.

NO RECOS FOR TODAY

INTRADAY TIPS FOR 14 JANUARY 2010

GOOD MORNING!!!

HAPPY PONGAL TO YOU & YOUR FAMILY

INDICES HAVE TURNED POSITIVE FROM A NEGATIVE TERRITORY TO A MUCH BETTER POSITIVE ZONE WHERE NIFTY CAN STAND FIRM AT THIS LEVEL TAKING A FIRM SUPPORT AROUND 5160 LEVELS, NIFTY REBOUNDED FROM THE 5175 LEVELS AND MOVED TO A MUCH BETTER PLACE TURNING THE CONSOLIDATED PHASE TO A MUCH BETTER POSITIVE TERRITORY. INDICES HAVE REGAINED ON THE HOPE OF BETTER Q3 RESULTS. RELIANCE ALONG WITH IT STOCKS AND METALS HAVE PULLED UP WITH STRONG BREADTH.

NIFTY LOOKS POSITIVE AND IT IS OBSERVED THAT ACCUMULATION IN MANY STOCK SPECIFIC COUNTERS IS HAPPENING AHEAD OF BUDGET. ONE SHOULD NOT NEGATE THAT MARKET IS STILL BULLISH AND ANY SHORTS BEFORE TREND REVERSAL MAY PUT TRADER IN A VERY DIRE SITUATION SO ONE NEEDS TO OBSERVE THAT FOLLOWING TREND WOULD PUT AN INVESTOR/TRADER ON A MUCH BETTER ZONE. TODAY IF NIFTY TRADES ABOVE 5246 THEN IT IS LIKELY TO MOVE UP TO 5276 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5316 ANY CLOSE ABOVE 5276 IS CONSIDERED TO BE BULLISH ONE CAN TAKE FRESH LONG POSITIONS IF NIFTY CLOSES ABOVE 5276 LEVELS AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5230 THEN LIKELY TO SLIDE DOWN TO 5177 AND BREAK BELOW THIS WOULD TAKE NIFTY TO 5144 AND ANY CLOSE BELOW 5197 IS CONSIDERED TO BE WEAK AND ONE CAN INITIATE FRESH SHORTS AND CAN CARRY THE SHORT POSITIONS FOR THE NEXT TRADING SESSIONS.
BUY SAIL SL 238.4 TGT 244/248/253
BUY HDIL SL 367 TGT 379/384
BUY GTLINFRA SL 41.35 TGT 45.8/46.7/47.8
BUY EVERONN SL 419 TGT 434/439
BUY TINPLACE SL 88 TGT 93/95
POSITIONAL CALLS
BUY IGARASHI MOTORS INDIA AT 49 TGT 100/150/200
BUY FRESHTROP FRUITS TGT 75/125

INTRADAY TIPS FOR 13 JANUARY 2010

GOOD MORNING!!!

INDICES EDGED LOWER ON THE WORRIES THAT CENTRAL BANK WILL TIGHTEN THE MONETARY POLICY TO CURB INFLATION ON ROBUST INDUSTRIAL PRODUCTION DATA FOR NOVEMBER 2009 ALONG WITH THIS WEAK EUROPEAN STOCKS AND LOWER US INDEX FUTURES ALSO ADDED FUEL TO THE DECLINE. IT STOCKS BUCKED THE WEAK TREND AFTER STRONG Q3 DECEMBER 2009 RESULTS FROM IT BELLWETHER INFOSYS TECHNOLOGIES. FMCG, BANKING, REALTY AND METAL STOCKS FELL. THE MARKET BREADTH WAS WEAK IN CONTRAST TO A STRONG BREADTH EARLIER IN THE DAY. OVERALL MARKET WAS VOLATILE. IT TURNED NEGATIVE AFTER A FIRM OPENING TRIGGERED BY BETTER-THAN-EXPECTED Q3 DECEMBER 2009 RESULTS BY IT BELLWETHER INFOSYS WHICH WERE ANNOUNCED JUST BEFORE TRADING STARTED. IT RECOVERED FROM THE DAY'S LOW IN MORNING TRADE AFTER SOME ASIAN STOCKS REVERSED EARLY LOSSES. THE MARKET PARED GAINS AFTER HITTING FRESH INTRADAY DAY HIGH IN EARLY AFTERNOON TRADE. THE MARKET SLIPPED INTO THE RED IN AFTERNOON TRADE. THE MARKET EXTENDED LOSSES LATER.
TODAY WE MAY SEE SOME STOCK SPECIFIC MOVES ON NIFTY. IF NIFTY TRADES BELOW 5197 THEN IT WOULD LEAD MARKETS TO 5160 AND BREAK AND TRADE BELOW THIS POINT WOULD LEAD TO 5102 ONE IS ADVISED TO STAY CAUTIOUS ON LONG SIDE ABOVE 5197. ON THE UPSIDE IF NIFTY TRADES ABOVE 5220 THEN IT WILL MOVE TO 5250, IF NIFTY TRADES ABOVE 5250 THEN LIKELY TO MOVE UP TO 5276. METALS AND BANKING STOCKS LOOKS WEAK. IT WILL HOLD THE RALLY AND YOU MAY SEE SOME STOCK SPECIFIC MOVES.
BUY PFC SL 269 TGT 275/279
BUY M&M SL 1177 TGT 1196/1210
SELL TATA STEEL SL 629 TGT 616/611/606
SELL CAIRN SL 299 TGT 291/289/281