INTRADAY TIPS FOR 28 JANUARY 2010

GOOD MORNING!!!

KEY BENCHMARK INDICES EXTENDED THEIR FIVE-DAY LOSING TREND TODAY AS THEY PLAYED A CATCH-UP WITH REST OF ITS ASIAN PEERS WHICH HAD WITNESSED A HEAVY SELL-OFF. THE MARKET BREADTH WAS WEAK AS SMALL AND MID-CAP SHARES SUCCUMBED TO SELLING PRESSURE. SHARES FROM INTEREST RATE SENSITIVE SECTORS - BANKING, REALTY AND AUTO PACK DOMINATED THE MARKET SLIDE. TODAY'S SELL-OFF WAS WIDE-BASED WITH SHARES ACROSS SECTORS TAKING A HIT. IT AND METAL STOCKS WERE NOT SPARED EITHER. SENTIMENT REMAINED EDGY WITH LATEST QUARTERLY EARNINGS FROM SELECT PIVOTALS FALLING SHORT OF STREET ESTIMATES AND FOLLOWING THE RECENT SELLING DRIVE BY THE FOREIGN INSTITUTIONAL INVESTORS. THE UNDERTONE REMAINS CAUTIOUS AHEAD OF DERIVATIVES EXPIRY, RBI'S MONETARY POLICY AND EARNINGS FROM FRONTLINE COMPANIES.

IN THE LAST REPORT, I CLEARLY MENTIONED BREAK BELOW 4944 WOULD TAKE NIFTY TO 4800 AND THERE IS NO SUPPORT TILL 4800. AND THIS IS CONSIDERED TO BE ONLY A MINOR SUPPORT NOW THAT NIFTY HAS ONLY MINOR SUPPORT AT 4800 AND THEN AT 4709 IF 4800 IS BREACHED THEN WE WILL HAVE A MINOR SUPPORT AT 4709 AND BREACH BELOW THIS LEVEL WOULD TAKE NIFTY TO 4573 WHICH IS CONSIDERED TO BE A MAJOR SUPPORT FOR THE NIFTY. TODAY AS IT IS BEING THE FNO EXPIRY WE MAY SEE MARKET TO BE SIDEWAYS AND HOVER POSITIVE TO NEGATIVE AND NEGATIVE POSITIVE TERITORRY IN A NARROW PRICE BAND. WE MAY SEE SOME STOCK SPECIFIC MOVES ON THE UPSIDE BUT INDEX WISE WE MAY NOT SEE MUCH APPRECIATION NOW. STAY SHORT AT EVERY RISE AND IF YOU ARE A SERIOUS INVESTOR ONE HAS TO ADD SOME PUTS TO YOUR PORTFOLIO TO CONTAIN THE LOSS.

BUY INFOTECHENT SL 334 TGT 365/379/390
BUY KOUTONS SL 363 TGT 394/400/410
BUY TORRENT PHARMA SL 413 TGT 434/440/447
BUY REVATHI EQUIP SL 633 TGT 673/685
SELL RELCAP SL 801 TGT 762/747/722
SELL SIEMENS SL 604 TGT 585/573/556
SELL MARUTI SL 1385 TGT 1327/1300/1272

NOTE: BUY STOCKS IF TRADED ABOVE CLOSING PRICE AND SELL STOCKS IF TRADED BELOW THE CLOSING PRICE ON THE ABOVE RECOMMENDATIONS

INTRADAY TIPS FOR 27 JANUARY 2010

GOOD MORNING!!!

MARKETS WERE NOT VERY WEAK IN THE OPENING, MARKETS TOOK GOOD SUPPORT AT 4946 AND BOUNCED BACK ON FRIDAY THOUGH MARKET OPENED NEGATIVE IN THE OPENING BUT MANAGED TO GET POSITIVE BY MID AFTERNOON TRADE BUT COULD NOT MANAGE AS UNDERTONE WAS VERY CAUTIOUS AHEAD OF HOLIDAY SUPPORTED BY RBI’S MONETARY POLICY AND WEAK GLOBAL CUES HAD PLAYED THE KEY ROLE IN PROFIT TAKING AT THE END OF THE DAY EVEN AFTER A GOOD RECOVERY IN THE EARLY TRADE. SELLING PRESSURE SUSTAINED IN AUTO MAJOR M&M ON DISAPPOINTING EARNINGS THE RESULTS WERE LOWER THAN THE MARKET EXPECTATIONS. THOUGH BREADTH OF THE MARKET WAS WEAK IT WAS NOT VERY WEAK WHEN COMPARED TO THURSDAY. AMONG THE TOP LOOSERS IN THE KEY INDICES REALITY, AUTO, METALS, IT AND BANKING WERE THE KEY WHILE FMCG ALONG WITH CAPITAL GOODS HAVE GAINED.

TODAY, MARKETS WOULD BE HIGHLY VOLATILE AHEAD OF EXPIRY ON THURSDAY WE MAY SEE NIFTY TO BE ON THE SIDELINES. AS LONG AS 5000 IS SUSTAINED IN NIFTY WE MAY SEE A PULL BACK IN NIFTY AND ON THE DOWNSIDE IF NIFTY BREACHES 4944 LEVELS WE MAY HEAD DOWNWARDS BY ANOTHER 200 POINTS ON IMMEDIATE BASIS. ONE IS ADVISED TO STAY VERY CAUTIOUS ON THE DOWNSIDE 4944 LEVEL, KEEPING 4944 AS STOPLOSS ONE CAN KEEP BUYING ON DECLINES AND ADVISED TO HEDGE YOUR POSITIONS WITH PUTS IF NIFTY IS BELOW 5000 AND ABOVE 4944. ON THE INTRADAY BASIS IF NIFTY TRADES ABOVE 5011 THEN WE MAY HEAD TO 5040 THIS IS CONSIDERED TO BE MINOR RESISTANCE AND TRADE ABOVE THIS LEVEL WOULD TAKE NIFTY TO 5075 LEVELS, ANYTHING ABOVE THIS LEVEL WOULD TAKE NIFTY TO 5140 AND ON THE DOWNSIDE IF NIFTY BREACHES 4997 THEN WE MAY SEE NIFTY TO TAKE SUPPORT AT 4980 LEVELS AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 4944 WHICH IS VERY CRUCIAL SUPPORT FOR NIFTY IN NEAR TERM IF NIFTY BREAKES THIS LEVEL IT IS ADVISED TO TAKE SHORTS OR PUTS IN FEB CONTRACTS FOR A TARGET OF 4800.
BUY RCF SL 107.9 TGT 111/115/118
BUY NATIONAL FERTILIZER SL 127 TGT 137/143

BUY JAI CORP SL 296.4 TGT 318/332/352
BUY HINDUSTAN COPPER ABOVE 614.3 SL 608 TGT 622/633/648
BUY HAVELLS INDIA ABOVE 589.2 SL 579.9 TGT 619/631/646
BUY UNION BANK SL 264 TGT 270/275
BUY ORBIT CORPOTATION SL 344.9 TGT 368/381
SELL TATAMOTORS SL 785 TGT 754/742
SELL STERLITE SL 810 TGT 791/785/759
SELL IBREALESTATE SL 192 TGT 186/183 (165 IN NEAR TERM)
SELL TATA STEEL SL 809 TGT 788/779
SELL M&M SL 1081 TGT 1044/1021/1007
NOTE: BUY CALLS TO BE TAKEN ONLY IF THE SCRIP TRADES ABOVE CLOSING PRICE AND SELL CALLS BELOW CLOSING PRICE
POSITIONAL TRADES
BUY HYDERABAD INDS SL 589 TGT 678/853
BUY INFOTECH ENTER SL 338 TGT 379/407
BUY KESAR ENTERPRISE TGT 163/173

INTRDAY TIPS FOR 25 JANUARY 2010

GOOD MORNING!!!

INTRADAY VOLATILITY ON THE BOURSES WAS HIGH. THE MARKET TUMBLED IN EARLY TRADE ON WEAK GLOBAL STOCKS. THE MARKET STAGED A STRONG INTRADAY REBOUND IN AFTERNOON TRADE AFTER THE CHIEF ECONOMIC ADVISER TO THE FINANCE MINISTRY KAUSHIK BASU SAID THE ECONOMY WILL BE BACK AT A 9% GROWTH RATE BY THE NEXT FISCAL YEAR. BUT THE INTRADAY REBOUND PROVED SHORT-LIVED. THE MARKET WEAKENED IN AFTERNOON TRADE. THE MARKET ONCE AGAIN RECOVERED FROM LOWER LEVEL. IT LOST GROUND AGAIN LATER. THE MARKET BREADTH WAS EXTREMELY WEAK. INFRASTRUCTURE RELATED SECTORS DECLINED FOR THE SECOND DAY IN A ROW, REALITY, POWER AND CAPITAL GOODS STOCKS SUFFERED SEVERE SETBACK. IT STOCKS WERE NOT SPARED EITHER FOLLOWING WORRIES THE OBAMA BANK PLAN WILL CRIMP OUTSOURCING DEMAND.
TODAY MARKETS LOOK VOLATILE WITH GLOBAL QUES BEING NEGATIVE. MARKETS LAST DAY REBOUNDED ON A HIGH NOTE WITH DII DOMINATING THE BUYING WHILE FII FIRING ON SELLING. MARKETS HAVE SHOWN GREAT RECOVERY ON THE DOWNSIDE AND MAY HOLD THIS SUPPORT ZONE UNTIL THE EXPIRY OF THE CURRENT MONTH TAKES PLACE. FOR TODAY NIFTY MAY TAKE SUPPORT INITIALLY AT 4990 IF IT SUSTAINS WITHOUT BREAKING THIS LEVEL THEN CAN SEE A BOUNCE BACK BUT IF THE LEVEL IS NOT SUSTAINED THEN WE CAN HEAD TOWARDS 4944 THIS IS CONSIDERED TO BE ONE OF THE CRUCIAL LEVELS FOR NIFTY FOR THE SHORT TERM IF 4944 IS BROKEN WE CAN DIRECTLY HEAD TOWARDS 4800 THIS IS A MINOR SUPPORT IN THE NEAR TERM IF 4944 IS BROKEN. ON THE POSITIVE SIDE AS LONG AS NIFTY IS ABOVE 5000 AT THIS LEVEL MARKET CAN REMAIN SIDEWAYS IF NIFTY TRADES ABOVE 5052 THEN CAN SEE FURTHER UPSIDE BEFORE EXPIRY. ONE IS ADVISED TO STAY SHORT ONLY BELOW 4944 AND LONG ONLY ABOVE 5052
BUY MARUTI SL 1409 TGT 1482/1515/1546 (ONE CAN HOLD POSITIONALLY WITH SL 1369 FOR A TARGET OF 1734)
BUY DREDGECORP SL 679 TGT 735/760/784
BUY SPICE JET SL 55 TGT 63/66/69
BUY STRIDE AERCOLAB SL 285 TGT 308/314/324
BUY BHEL SL 2352 TGT 2390/2412/2446
BUY MCDOWELL-N SL 1259 TGT 1350/1369/1391
SELL TATASTEEL SL 631 TGT 609/591
POSITIONAL TRADES
BUY NOIDA MEDICARE AT 23 TGT 46/69/92

INTRADAY TIPS FOR 22 JANUARY 2010

GOOD MORNING!!!

WORRIES ON GLOBAL MARKETS, INFLATION NUMBERS AND DISAPPOINTING FRONTLINE Q3 NUMBERS HAS TRIGGERED A SELLING WAVE ON THE BOURSES. MARKET BREADTH WAS VERY WEAK AS ALMOST ALL THE SECTORAL INDICES FELL AMONG THEM HIGH BETA INFRASTRUCTURE SHARES WERE THE WORST HIT IN THE SELL-OFF. L&T NUMBERS HAS PULLED THE MARKET WITH THEIR RESULTS DOWNGRADED TO 50% FROM THE PREVIOUS QUARTER. ICICI BANK NUMBERS WERE ALSO DISAPPOINTING ALONG WITH BHEL AS THEY NOT INLINE WITH THE MARKET EXPECTATIONS. BANKING SHARES STARTED BOOKING PROFITS AHEAD OF MONETARY POLICY REVIEW.
TODAY MARKETS LOOK WEAK ON THE FACTORS LIKE GLOBAL QUES, WEAK FRONTLINE INDICES, PROFIT TAKING, FNO EXPIRY AHEAD ALONG WITH RBI MONETARY POLICY AHEAD. TODAY WE MAY SEE A GAP DOWN OPENING IN NIFTY AND IN THE GAP DOWN IF NIFTY TRADES BELOW 5052 THEN IT IS EXPECTED TO COME DOWN TO 4996 AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY TO 4944 LEVELS. BE CAUTIOUS AND DON’T HOLD POSITIONS ON LONG SIDE AT THIS LEVEL UNTIL NIFTY TRADES ABOVE 5168 LEVELS.
SELL TATAPOWER TGT 1345/1328/1312
SELL STERLITE TGT 808/797/781
SELL CAIRN TGT 276/272/268
SELL HCL TECH 366/362/358
SELL HDFC SL 2451 TGT 2410/2384
SELL BHEL SL 2301 TGT 2261/2242/2223
SELL ICICI BANK SL 856 TGT 830/817
SELL ABB SL 841 TGT 823/816/806
SELL SIEMENS SL 631 TGT 620/607/598

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