INTRADAY TIPS FOR 04 FEBRUARY 2010

GOOD MORNING!!!

THE KEY BENCHMARK INDICES SURGED ON FIRM GLOBAL STOCKS BOOSTED INVESTOR SENTIMENT. METAL, CONSUMER DURABLES, REALTY, BANKING AND CAPITAL GOODS STOCKS ROSE. THE MARKET BREADTH WAS STRONG. ALL THE SECTORAL INDICES WERE IN THE GREEN. MARKET WAS UNIDIRECTIONAL THROUGH OUT THE DAY WITH INDICES HEADING TOWARDS HIGHER HIGHS ALL IN ALL IT WAS A VERY GOOD DAY FOR THE MARKETS WITH FRONT END STOCKS SHOWING GREAT BOUNCE FROM A VERY WEAK POSITION ON THE PREVIOUS DAY CLOSE.

TODAY MARKETS LOOKS OPEN NEGATIVE AS ASIAN AND GLOBAL CUES HAVE SHOWN WEAKNESS. IF NIFTY TRADES BELOW 4920 THEN LIKELY TO SEE 4889 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 4844 AND ANY BREAK BELOW THIS POINT WOULD TAKE NIFTY TO 4805 LEVELS. IF NIFTY TRADES ABOVE 4944 WE MAY NOT LIKELY TO INCH LOWER. TODAY IF NIFTY TRADES ABOVE 4944 THEN WE ARE LIKELY TO HEAD TOWARDS 4996 AND ANY BREAK ABOVE THIS POINT IS CONSIDERED TO BE VERY BULLISH AND WE MAY HEAD TOWARDS 5052 AND THEN MUCH HIGHER. ONE IS ADVISED NOT TO GO LONG IN MANY COUNTERS BELOW 4944 AND DON’T UTILISE ALL YOUR CAPITAL AS MARKET, WHEN DECLINES CAN GO TO MUCH LOWER LEVELS THAN ANTICIPATED SO BETTER TO STAY INVESTED NOT MORE THAN 40 TO 50% OF THE CAPITAL, THIS IS THE STAGE WHERE ONE CAN THINK OF EXITING AND DILUTING YOUR POSITIONS IF MARKET REMAINS BELOW 4944 AND KEEP CASH IN HAND TO BUY AT LOWER LEVELS ONLY ABOVE 4944 HOLD POSITIONS ELSE DON’T HOLD MORE THAN 40 TO 50% OF YOUR CAPITAL. CEMENTS MAY SHOW STRENGTH ON GOOD SALES. BUY THE BELOW RECOMMENDATIONS ONLY WHEN THE STOCKS ARE TRADING ABOVE CLOSING PRICE.

BUY MCDOWELL SL 1277 TGT 1318/1328/1349
BUY JSW ENERGY SL 103 TGT 114/119
BUY IBREAL SL 170 TGT 184/190
BUY SAIL SL 214 TGT 224/227
POSITIONAL TRADES
BUY PRAKASH INDS TGT 235/270
BUY JK TYRE TGT 205/244
BUY ABG SHIPYARD TGT 360/395/452
BUY KABRA EXTRUSION TGT 231/310/355
BUY TITAN TGT 1967/2500
BUY HIND COPPER TGT 761/901

INTRADAY TIPS FOR 03 FEBRUARY 2010

GOOD MORNING!!!

INDICES EXTENDED LOSSES TO FRESH INTRADAY LOW IN LATE TRADE AFTER A GOOD START AT THE MARKETS. POWER, REALTY, METAL, AUTO, CAPITAL GOODS AND BANKING STOCKS FELL. THE MARKET BREADTH TURNED WEAK IN CONTRAST TO A STRONG BREADTH EARLIER IN THE DAY. WITH THE KICKSTART OF NTPC FUND RAISING EXERCISE IT IS EXPECTED TO SUCK AWAY THE LIQUIDITY FROM THE SECONDARY MARKETS LEADING SOME DECLINE IN THE MARKET.
TODAY NIFTY MAY OPEN NEGATIVE BUT MAY NOT DECLINE MUCH WITH THE SUPPORT FORM GLOBAL CUES AND ASIAN MARKETS TRADING HIGHER AFTER THE INITIAL DECLINE IN THE MARKETS NIFTY MAY TAKE A STRONG SUPPORT AT 4778 IF THIS LEVEL IS NOT SUSTAINED THEN WE WILL SEE NIFTY TO NOSE DIVE TO 4709 WHICH IS A MINOR SUPPORT BREAK BELOW THIS LEVEL WOULD LEAD NIFTY TO 4573 SO ONE HAS TO PLAY VERY CAUTIOUSLY ON THE TECHNICAL FRONT AS THESE LEVELS ARE VERY CRUCIAL. IF NIFTY TRADES ABOVE 4805 THEN WE MAY SEE NIFTY TO MOVE UP TO 4847 AND ABOVE THAT LEVEL WE MAY SEE NIFTY TO HIT 4889 BUT BE CAUTIOUS AS MARKETS ARE IN SELLING ZONE. WE EXPECT A PRE BUDGET RALLY AFTER THIS RETRACEMENT
SELL RELCAP SL 771 TGT 761/755/747
SELL M&M SL 1028 TGT 1006/996/987
SELL ABAN SL 1171 TGT 1145/1130/1116
POSITIONAL TRADES
BUY THINK SOFT TGT 612/850
BUY MUNDRAPORT 714 *
BUY MPHASIS TGT 1031/1281
BUY INGARSHI MOTORS TGT 100%/200%/500% LONG TERM 1000%
BUY BHARTISHIP 359/446
NOTE: POSITIONAL CALLS ONE SHOULD BUY IN SMALL QUANTITIES EXCEPT FOR INGARSHI MOTORS.

INTRADAY TIPS FOR 02 FEBRUARY 2010

GOOD MORNING!!!

KEY INDICES PROVISIONALLY CLOSED WITH SMALL GAINS AFTER A STRONG INTRADAY REBOUND TRIGGERED BY UPBEAT ECONOMIC DATA AND HIGHER MONTHLY SALES FIGURES FROM TWO AUTO MAJORS MARUTI SUZUKI AND MAHINDRA & MAHINDRA. THE LATEST DATA SHOWED THE MANUFACTURING SECTOR GREW AT ITS FASTEST PACE IN ALMOST 1-1/2 YEARS IN JANUARY 2010. A RECOVERY IN EUROPEAN AND ASIAN STOCKS AND HIGHER US INDEX FUTURES, ALSO SUPPORTED DOMESTIC BOURSES. ALL IN ALL IT WAS A RECOVERY IN THE MARKET WITH GOOD VOLUMES.
TODAY NIFTY MAY OPEN POSITIVE AND TRADE HIGHER WITH GLOBAL CUES BEING POSITIVE ALL AROUND WE MAY SEE SOME TRIGGERS ON THE ABOVE LINES AND NIFTY MAY OPEN GAP UP. IF NIFTY TRADES ABOVE 4914 THEN LIKELY TO SEE NIFTY TO MOVE UP TO 4952 AND BREAK ABOVE THIS POINT WOULD TAKE IT TO 5014. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4889 THEN LIKELY TO DRIFT DOWN TO 4847 AND BREAK BELOW THIS LEVEL WOULD TAKE IT TO 4805. UNLESS 4800 IS BROKEN AVOID SHORTING.
BUY SIEMENS SL 649 TGT 664/675/681
BUY JINDALSTEEL SL 648 TGT 660/673/681
BUY BHUSHAN STEEL SL 1574 TGT 1420/1434/1450
BUY ATLANTA SL 199 TGT 207/214/224*
BUY KRBL SL 229 TGT 240/247/254*
BUY SURYA PHARMA SL 159 TGT 173/182/194*

NOTE: * MARKED ONE CAN EVEN HOLD FOR DELIVERY FOR MUCH HIGHER TGTS
POSITIONAL TRADES
MM FORGINS TGT 100%/150%/200%
NELCAST TGT 100%/150%/200%

INTRADAY TIPS FOR 01 FEBRUARY 2010

GOOD MORNING!!!

STRONG INTRADAY REBOUND ON GOOD VOLUMES WAS WITNESSED AS EUROPEAN STOCKS AND US INDEX FUTURES ROSE. INVESTORS ALSO HEAVED A SIGH OF RELIEF AS THE CENTRAL BANK KEPT KEY INTEREST RATES UNCHANGED AT A QUARTERLY POLICY REVIEW. BANKING, REALTY AND CAPITAL GOODS STOCKS GAINED. FMCG AND METALS WERE THE LOOSERS. INTRADAY VOLATILITY ON THE INDICES WAS TOO HIGH. AFTER THE RBI ANNOUNCEMENT OF THE CRR HIKE OF 75 BASIS POINTS MARKET SLIPPED NEW INTRADAY LOW AND ALSO BREACHED THE PSYCHOLOGICAL MARK OF 4800 IN NIFTY BUT RECOVERED ON GOOD VOLUMES AS THE KEY RATES WERE KEPT UNCHANGED. THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET, TURNED POSITIVE.
TODAY NIFTY MAY OPEN NEGATIVE BUT MAY NOT REMAIN IN THE NEGATIVE TERITORRY FOR LONGER PERIOD. TODAY IF NIFTY TRADES BELOW 4840 THEN LIKELY TO SEE NIFTY TO SLIDE DOWN TO 4805 AND ANY BREAK BELOW THIS POINT WILL WEAKEN THE MARKETS AND MAY SLIDE TO MUCH LOWER LEVELS, AND ON THE UPSIDE IF NIFTY TRADES ABOVE 4881 THEN LIKELY TO MOVE UP TO 4929 AND TRADE ABOVE THIS POINT IS LIKELY TO TAKE NIFTY TO HIGHER LEVELS AND 4944 IS A POINT WHERE ONE HAS TO WATCH FOR AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5052 ANY CLOSE ABOVE 4929 IS CONSIDERED TO BE BULLISH ONE CAN TAKE FEW LONG POSITIONS ON THE STRONG SCRIPS. ONE CAN BUY BELOW BUY RECOMMENDATION WHEN MARKET SLIDES INITIALLY WITH STRICT STOPLOSS AND EVEN IF THE SCRIP TRADES ABOVE STOPLOSS AFTER HITTING ONE CAN INITIATE LONGS WITH THE SAME STOPLOSS.

BUY BHEL SL 2363 TGT 2414/2428/2445
BUY CHENNAI PETRO SL 229 TGT 241/245/249
BUY HDFC SL 2365 TGT 2417/2430/2483
BUY ICICI SL 804 TGT 844/854
BUY IFCI SL 50.85 TGT 53/54.1/55
BUY SIEMENS SL 621 TGT 657/665/673
BUY UCO BANK SL TGT 62/63/64.9
SELL OPTOCIRCUITS SL 225 TGT 208/200/193
POSITIONAL CALLS
BUY INOX TGT 93
BUY JAYASWAL NECO TGT 39
BUY GABRIEL INDIA TGT 42
BUY HANUNG TOYS TGT 175*

INTRADAY TIPS FOR 29 JANUARY 2010

GOOD MORNING!!!

INDICES COULD NOT HOLD THE INITIAL SURGE IN THE MARKETS DUE TO ASIAN MARKETS AND OBAMA SPEECH ON BANKING RESTRICTIONS. VOLATILITY WAS IMMENSE DUE TO THE ROLL OVER OF POSITIONS ON THE EXPIRY NOTE. CAPITAL GOODS STOCKS FELL AND SECTORS LIKE HEALTHCARE, BANKING, REALITY AND METAL STOCKS ENDED IN GREEN OVERALL BREADTH OF THE MARKET REMAINED WEAK INSPITE OF GLOBAL CUES WERE FIRM. ALL IN ALL THE INDICES ON THE EXPIRY NOTE MOVED IN AN ERRATIC WAY IT WAS ALMOST LIKE SEA-SAW MOVEMENT IN THE LAST 2 HOURS OF THE TRADE GIVING A WIDE ROOM FOR TRADERS. HEALTHCARE STOCKS WERE GOOD ON RESULTS FRONT AND THERE ARE FEW COMPANIES WHICH HAVE DISAPPOINTING Q3 RESULTS WHICH AS ALSO PAVED WAY TO THE DECLINE IN THE INDICES.
TODAY NIFTY INITIALLY WOULD OPEN FLAT TO NEGATIVE BUT MAY SEE DECLINE AT THE END OF THE MORNING SESSION ON PROFIT BOOKING AND SHORTING ON THE CONCERNS OF WEEKEND AND FRESH CONTRACT. IF NIFTY TRADES ABOVE 4800 THEN LIKELY TO PULL BACK BUT IF NIFTY DOESN’T HOLD THIS LEVEL THEN WE MAY HEAD TOWARDS 4709 WHERE THIS POINT IS CONSIDERED TO BE A MINOR SUPPORT AGAIN AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 4573. ON THE UPSIDE, NIFTY AS OF NOW SHOWS LOT OF WEAKNESS SO CHANCES OF UPSIDE IS REMOTE BUT ONE SHOULD ONLY THINK OF BUYING ANYTHING ABOVE 4944 UNTIL THEN ONE CAN REMAIN SHORT.
SELL SINTEX SL 258 TGT 248/243/236
SELL WELSPUN SL 265 TGT 252/249

SELL LT SL 1438 TGT 1418/1410/1400

SELL BPCL SL 551 TGT 539/533

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