INTRADAY TIPS FOR 08 FEBRUARY 2010

GOOD MORNING!!!

THE KEY BENCHMARK INDICES JUMPED DURING THE 90-MINUTES SPECIAL TRADING SESSION HELD TO ENABLE THE NATIONAL STOCK EXCHANGE TEST AN UPGRADED TRADING SYSTEM. BOTH THE INDICES SURGED ON TRACKING A STRONG INTRADAY REBOUND OF US STOCKS ON THE PREVIOUS DAY EVEN AFTER WEAK CLOSING ON THE PREVIOUS DAY. METAL, REALTY, INFRASTRUCTURE, IT, AUTO AND BANKING STOCKS GAINED. ALL THE SECTORAL INDICES ON WERE IN THE GREEN. THE MARKET BREADTH WAS STRONG. INDIAN STOCK TUMBLED OVER THE PAST FEW WEEKS AS STOCKS FELL WORLDWIDE. FROM A RECENT HIGH OF 17686.24 ON 5 JANUARY 2010, THE SENSEX TANKED 1895.31 POINTS OR 10.71% TO SETTLE AT 15790.93 ON FRIDAY, 5 FEBRUARY 2010 AND NIFTY TANKED FROM 5295 TO 4687 WHICH IS AROUND 608 POINTS OR 11.50%.
TODAY NIFTY LOOKS RANGE BOUND. IF NIFTY TRADES ABOVE 4770 THEN LIKELY TO HEAD TOWARDS 4805 LEVELS AND TRADE ABOVE 4805 LIKELY TO TAKE NIFTY TO 4845 LEVELS AND ANY CLOSE ABOVE 4845 IS A GOOD CLOSING. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4725 THEN LIKELY TO TAKE NIFTY TO 4700 AND TRADE BELOW THIS LEVEL WOULD TAKE NIFTY 4655 AND THEN TO 4573 ANY CLOSING BELOW 4700 WOULD TAKE NIFTY TO 4573.
ADANI POWER 104.90 TGT 160 SL 90
SPICE JET SL 55 TGT 62/64
INDRAPRASHTHA GAS SL 225 TGT 247/254/265
POSITIONAL TRADES
TOURISM FINANCE CORP 26.1 TGT 33
GATI 55.55 TGT 70
USHA MARTIN 79.45 TGT 100
SHRENUJ & COMPANY 39.85 TGT 50
ROHIT FERRO TECH LTD 39.1 TGT 49

INTRADAY TIPS FOR 05 FEBRUARY 2010

GOOD MORNING!!!

FRESH SELLING IN EARLY AFTERNOON TRADE HALTED AN INTRADAY RECOVERY ON THE BOURSES. ASIAN STOCKS WERE WEAK AS INVESTORS ADOPTED A CAUTIOUS STANCE AHEAD OF THE INFLUENTIAL US JOBS REPORT FRIDAY. FOOD INFLATION ROSE TO 17.56% IN THE WEEK ENDED 23 JANUARY 2010 FROM 17.40% IN THE PREVIOUS WEEK. THE FUEL PRICE INDEX ROSE 5.88% AND THE PRIMARY ARTICLES INDEX JUMPED 14.56%. THE MARKET BREADTH WAS POSITIVE AFTER SWINGING BETWEEN POSITIVE AND NEGATIVE ZONE. REALTY SHARES DECLINED ON SELLING PRESSURE. AUTO STOCKS DECLINED ON FEARS A HIKE IN FUEL PRICE MAY CRIMP DEMAND. IT PIVOTALS DECLINED AFTER A REPORT SHOWED THE US SERVICES INDUSTRY EXPANDED LESS THAN FORECAST. TELECOM STOCKS DECLINED ON REPORTS THE 3G AUCTIONS WILL BE DELAYED. METAL STOCKS, TOO, EDGED LOWER AS METAL PRICES FELL ON THE LONDON METAL EXCHANGE

TODAY MARKETS LOOK WEAK BREAK BELOW 4805 WOULD TAKE NIFTY TO 4741 AND BELOW THIS LEVEL NIFTY WOULD HEAD TOWARDS 4700 AND BREAK BELOW THIS WOULD LEAD NIFTY TO 4625 IN SHORT TERM. IF NIFTY CLOSES BELOW 4805 IT IS CONSIDERED TO BE A WEAK CLOSING. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 4873 THEN WE MAY SEE SOME PULL BACK IN FORM OF RETRACEMENT BUT BUYING IS PREFERRED ONLY ABOVE 4944 UNTIL THEN IT IS TIME TO JUST STAY AWAY AND INVESTOR TO BUY ONLY STOCK SPECIFIC COUNTERS RECOMMENDED.

NO CALLS FOR THE DAY

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