INTRADAY TIPS FOR 15 FEBRUARY 2010

GOOD MORNING!!!

ON THURSDAY KEY BENCHMARK SURGED AS FIRM ASIAN STOCKS AND GAINS IN US INDEX FUTURES BOOSTED SENTIMENT. THE GOVERNMENT'S DECISION TO EASE FOREIGN INVESTMENT RULES ALSO UNDERPINNED SENTIMENT. METAL, REALTY, AUTO AND BANKING STOCKS VAULTED. THE MARKET BREADTH WAS STRONG. THE MARKET PARED GAINS IN EARLY AFTERNOON TRADE AFTER A ROUSING START TRIGGERED BY FIRM ASIAN STOCKS. HOWEVER, BUYING AT LOWER LEVELS ONCE AGAIN PROPELLED STOCKS HIGHER IN AFTERNOON TRADE. EXPORTS IN JANUARY ROSE 11.5% TO $14.3 BILLION, FOREIGN DIRECT INVESTMENT IN DECEMBER WENT UP AN ANNUAL 13% TO $1.5 BILLION. THE UNION CABINET TODAY EASED FOREIGN INVESTMENT RULES. FOREIGN INVESTMENT PROMOTION BOARD (FIPB) CAN APPROVE INVESTMENTS OF UP TO RS 1200 CRORE, MEANWHILE, THE DATA RELEASED BY THE GOVERNMENT TODAY SHOWED THAT ANNUAL FOOD INFLATION ROSE FOR THE THIRD STRAIGHT WEEK. THE FOOD PRICE INDEX ROSE 17.94% IN THE 12 MONTHS TO 30 JANUARY 2010, HIGHER THAN AN ANNUAL RISE OF 17.56% IN THE PREVIOUS WEEK. THE FUEL PRICE INDEX ROSE 10.44 % AND PRIMARY ARTICLES PRICE INDEX ROSE 15.75 %. SHARES OF FIRMS WHOSE FORTUNES ARE LINKED TO ORDERS FROM INDIAN RAILWAYS ROSE CONTAINER CORPORATION OF INDIA, BEML, KALINDEE RAIL NIRMAN, STONE INDIA, TEXMACO AND TITAGARH WAGONS ROSE BY BETWEEN 2.27% TO 16.19%.
TODAY MARKETS MAY OPEN FLAT AND RANGE BOUND. IF NIFTY TRADES ABOVE 4865 THEN LIKELY TO GO UP TO 4909 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 4944 WHICH IS CONSIDERED TO BE VERY CRUCIAL LEVEL FOR THE MARKET TO TURN BULLISH ANY CLOSE ABOVE 4944 IS CONSIDERED TO BE BULLISH ONE IS ADVISED TO STAY IN THE MARKET ON INTRADAY TERMS AND NOT TO INVEST MORE THAN 30% OF THEIR CAPITAL AS MARKET HAS GOOD DOWNSIDE REMAINING. NEGATIVE SIDE IN THE MARKETS ON INTRADAY BASIS IF NIFTY TRADES BELOW 4825 THEN LIKELY TO SEE NIFTY TO 4783 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 4740 AND ANY CLOSING BELOW 4740 IS CONSIDERED TO BE A VERY WEAK. WE MAY HAVE GOOD NUMBER OF BAD NEWS COMING IN THE BUDGET SO ONE IS ADVISED NOT TO FOLLOW THIS UPSIDE MOVE ON POSITIONAL TERMS AS THIS MAY NOT LAST LONGER AND LIKELY TO DRAG NIFTY TO 4400 LEVELS IN A VERY SHORT TERM
BUY TITAGARH WAGONS SL 454 TGT 474/488/500
BUY HINDOIL EXPLORATION SL 263 TGT 284/294/300
BUY RPOWER SL 139 TGT 145/147
BUY IBREAL SL 172 TGT 183/186/189

POSITIONAL TRADES
BUY KAUSHALYA INFRA @ 22.45 TGT 29
BUY KIRLOSKAR FERROUS INDS@ 31.4 TGT 40
BUY ELECTROSTEEL CASTINGS @45.55 TGT 57
BUY RENAISSANCE JEWELLERY LTD @ 67.85 TGT 85
BUY HARRISON MALAYALAM @112.75 TGT 170 SL 96

INTRADAY TIPS FOR 11 FEBRUARY 2010

GOOD MORNING!!!

MARKETS CAME OFF FROM THE PSYCHOLOGICAL 16000 MARK IN A VERY VOLATILE SESSION YESTERDAY WITH BANKING, CAPITAL GOODS, FMCG, HEALTHCARE AND POWER STOCKS FELL. THE MARKET BREADTH TURNED NEGATIVE IN CONTRAST TO A STRONG BREADTH EARLIER IN THE DAY. FOREIGN FUNDS HAVE PRESSED HEAVY SALES OF INDIAN STOCKS IN EARLY 2010. AS PER DATA FROM THE STOCK EXCHANGES, FOREIGN INSTITUTIONAL INVESTORS (FIIS) SOLD STOCKS WORTH A NET RS 11141.63 CRORE IN CALENDAR 2010 SO FAR (TILL TUESDAY, 9 FEBRUARY 2010). IN CONTRAST, DOMESTIC INSTITUTIONAL INVESTORS (DIIS) HAVE BOUGHT EQUITIES WORTH A NET RS 14687.43 CRORE THIS YEAR SO FAR. COMING BACK TO TODAY'S TRADE AND THE MARKET WAS EXTREMELY VOLATILE. THE MARKET PARED GAINS SOON AFTER A FIRM START TRIGGERED BY HIGHER ASIAN STOCKS. THE MARKET SLIPPED INTO THE RED IN EARLY TRADE AS US INDEX FUTURES FELL. THE MARKET CUT LOSSES IN MORNING TRADE. IT MOVED BETWEEN THE POSITIVE AND NEGATIVE TERRAIN AFTER RECOVERING SHARPLY FROM THE INTRADAY LOWS IN MID-MORNING TRADE. THE MARKET ONCE AGAIN CUT LOSSES AFTER WEAKENING IN EARLY AFTERNOON TRADE. THE MARKET REGAINED POSITIVE ZONE IN AFTERNOON TRADE. IT REVERSED GAINS TO HIT FRESH INTRADAY LOW IN LATE TRADE. INDUSTRIAL OUTPUT DATA FOR THE MONTH OF DECEMBER 2009 WHICH IS DUE ON FRIDAY, 12 FEBRUARY 2010, IS EXPECTED TO RISE 12% IN DECEMBER 2009 FROM A YEAR EARLIER. A ROBUST FIGURE, AHEAD OF THE 26 FEBRUARY 2010 ANNUAL BUDGET, WOULD ALSO ALLOW THE FEDERAL GOVERNMENT, FIGHTING A 16-YEAR HIGH FISCAL DEFICIT, TO CUT THE DEFICIT BY PHASING OUT FISCAL STIMULUS. A STRONG RISE WOULD ALSO HELP THE CENTRAL BANK TO FOCUS BETTER ON CONTAINING INFLATION BY RAISING INTEREST RATES IN COMING MONTHS. THE INDUSTRIAL OUTPUT ROSE 11.7% IN NOVEMBER 2009.

TODAY MARKETS LOOK VOLATILE. MARKETS ARE VERY NARROWLY RANGE BOUND TILL THE LEVELS ON THE INDICES MENTIONED BELOW BREACHES. THE TREND ON THE NIFTY FOR INTRADAY IS DECIDED ONLY IF THE FOLLOWING LEVELS IN NIFTY ARE BREACHED. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4740 THEN LIKELY TO SEE A DIP TILL 4702 AND BREACH BELOW THIS LEVEL WOULD DRAG NIFTY TO 4620 LEVELS IN NIFTY IN A VERY SHORT TIME. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 4768 THEN LIKELY TO SEE 4824 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 4865. NIFTY HAS LOT OF WEAKNESS AND ON A BEARISH OUTLOOK SO ONE IS ADVISED TO TRADE LESS AND AVOID TAKING LONGS IF IT IS BELOW 4768 AND TAKE A SHORT POSITION IN A WEAK STOCK AND LONG POSIITON IN STRONG STOCK.
POSITIVE STOCKS ARE MCDOWEL, HEROHONA, JP, GRASIM BUY THEM WHEN MARKET OPENS AS MARKET LOOKS POSITIVE ON THE OPENING AND TAKE THE BELOW RECOMMENDATIONS ONLY IF THE STOCK TRADES IN THE NEGATIVE ZONES UNTIL THEN PLEASE AVOID SHORTING.
BUY NEYVELLIGNITE SL 150.7 TGT 154/156/159
ALL SELL CALLS TO BE INITIATED ONLY BELOW CLOSING PRICE
SELL TATASTEELSL 529 TGT 512/504
SELL ICICI SL 806 TGT 794/787/779
SELL DLF SL 306 TGT 296/291
SELL PNB SL 876 TGT 857/850/845
SELL TATAPOWER SL 1281 TGT 1252/1246/1241
SELL SUNPHARMA SL 1515.1 TGT 1487/1471/1465

INTRADAY TIPS FOR 10 FEBRUARY 2010

GOOD MORNING!!!

THE KEY BENCHMARK INDICES LOGGED DECENT GAINS IN WHAT WAS A CHOPPY TRADING SESSION. AFTER SUFFERING AN INITIAL SETBACK, THE MARKET STAGED A COMEBACK AS ASIAN STOCKS AND US INDEX FUTURES ROSE, SENSEX REGAINED THE PSYCHOLOGICAL 16,000 MARK. THE MARKET BREADTH WAS POSITIVE. PSU, POWER, TELECOM AND INFRASTRUCTURE STOCKS GAINED ON FRESH BUYING. CEMENT STOCKS SURGED ON REPORTS CEMENT MAKERS HAVE RAISED PRICES EFFECTIVE FROM 1 FEBRUARY 2010. IT STOCKS GAINED ON BARGAIN HUNTING AFTER A RECENT FALL. BUT RATE SENSITIVE REALTY SHARES DECLINED ON FEARS A HIKE IN INTEREST RATE FOLLOWING INFLATIONARY PRESSURES IN THE DOMESTIC ECONOMY. AUTO PIVOTALS ALSO DECLINED. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL) RECOVERED FROM DAY'S LOW THE MARKET WAS VOLATILE. EQUITIES HAD A DULL START AFTER THE US MARKETS SUFFERED A SEVERE SETBACK ON MONDAY WITH THE DOW SLIDING BELOW THE 10,000 MARK. RISING FEARS OF POSSIBILITY THAT THE GOVERNMENT MAY START TO UNWIND ITS FISCAL STIMULUS IN THE FORTHCOMING BUDGET. THE MARKET STAGED A STRONG INTRADAY REBOUND IN MORNING TRADE AS ASIAN STOCKS ROSE.

TODAY NIFTY WOULD OPEN GAP UP AND NIFTY WOULD BE ON THE POSITIVE BIAS. TODAY IT WILL OPEN GAP UP AND TRADE ABOVE 4825 WOULD TAKE NIFTY TO 4865 AND ANY TRADE ABOVE 4865 AND TRADE ABOVE THIS POINT WOULD LEAD NIFTY TO 4909 LEVELS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4740 THEN LIKELY TO SEE A DIP TILL 4718 AND BREAK BELOW THIS LEVEL MAY TOUCH 4700 BUT BREAK BELOW THIS LEVEL IS CONSIDERED TO BE WEAK AND CAN DRAG NIFTY TO NEW LOWS.

BUY RELIANCE INFRA SL 1049 TGT 1061/1077/1089
BUY LITL SL 48.4 TGT 51/53
BUY RPOWER SL 141.7 TGT 145/147
BUY GRASIM SL 2665 TGT 2690/2715/2730
BUY ICICI BANK SL 804 TGT 824/836/844

INTRADAY TIPS FOR 10 FEBRUARY 2010

GOOD MORNING!!!

THE KEY BENCHMARK INDICES LOGGED DECENT GAINS IN WHAT WAS A CHOPPY TRADING SESSION. AFTER SUFFERING AN INITIAL SETBACK, THE MARKET STAGED A COMEBACK AS ASIAN STOCKS AND US INDEX FUTURES ROSE, SENSEX REGAINED THE PSYCHOLOGICAL 16,000 MARK. THE MARKET BREADTH WAS POSITIVE. PSU, POWER, TELECOM AND INFRASTRUCTURE STOCKS GAINED ON FRESH BUYING. CEMENT STOCKS SURGED ON REPORTS CEMENT MAKERS HAVE RAISED PRICES EFFECTIVE FROM 1 FEBRUARY 2010. IT STOCKS GAINED ON BARGAIN HUNTING AFTER A RECENT FALL. BUT RATE SENSITIVE REALTY SHARES DECLINED ON FEARS A HIKE IN INTEREST RATE FOLLOWING INFLATIONARY PRESSURES IN THE DOMESTIC ECONOMY. AUTO PIVOTALS ALSO DECLINED. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL) RECOVERED FROM DAY'S LOW THE MARKET WAS VOLATILE. EQUITIES HAD A DULL START AFTER THE US MARKETS SUFFERED A SEVERE SETBACK ON MONDAY WITH THE DOW SLIDING BELOW THE 10,000 MARK. RISING FEARS OF POSSIBILITY THAT THE GOVERNMENT MAY START TO UNWIND ITS FISCAL STIMULUS IN THE FORTHCOMING BUDGET. THE MARKET STAGED A STRONG INTRADAY REBOUND IN MORNING TRADE AS ASIAN STOCKS ROSE.

TODAY NIFTY WOULD OPEN GAP UP AND NIFTY WOULD BE ON THE POSITIVE BIAS. TODAY IT WILL OPEN GAP UP AND TRADE ABOVE 4825 WOULD TAKE NIFTY TO 4865 AND ANY TRADE ABOVE 4865 AND TRADE ABOVE THIS POINT WOULD LEAD NIFTY TO 4909 LEVELS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4740 THEN LIKELY TO SEE A DIP TILL 4718 AND BREAK BELOW THIS LEVEL MAY TOUCH 4700 BUT BREAK BELOW THIS LEVEL IS CONSIDERED TO BE WEAK AND CAN DRAG NIFTY TO NEW LOWS.

BUY RELIANCE INFRA SL 1049 TGT 1061/1077/1089
BUY LITL SL 48.4 TGT 51/53
BUY RPOWER SL 141.7 TGT 145/147
BUY GRASIM SL 2665 TGT 2690/2715/2730
BUY ICICI BANK SL 804 TGT 824/836/844

INTRADAY TIPS FOR 09 FEBRUARY 2010

GOOD MORNING!!!

KEY BENCHMARK INDICES RECOVERED SMARTLY TO STRIKE A DAY'S HIGH IN MID-AFTERNOON TRADE AS HEAVYWEIGHTS STOCKS STAGED A SOLD RECOVERY FROM EARLY LOWS. UPBEAT START FROM EUROPEAN MARKETS ALSO LIFTED SENTIMENT. RISING FEARS OF POSSIBILITY THAT THE GOVERNMENT MAY START TO UNWIND ITS FISCAL STIMULUS IN THE FORTHCOMING BUDGET TRIGGERED A SELL-OFF ON THE BOURSES IN MID-MORNING TRADE. MOREOVER THE RECENT EUROPEAN FISCAL WOES, RISING US JOBLESS CLAIMS AND CHINA HOLDING BACK THE BANK LENDING ALSO PLAYED THE SPOILSPORT. THE MARKET BREADTH WAS TURNED POSITIVE IN VOLATILE TRADE. IT STOCKS PLAYED THE LEAD ROLE IN THE RECOVERY BOOSTED BY WEAK RUPEE. HOWEVER, METAL PIVOTALS REMAINED SUBDUED AS METAL PRICES FELL ON THE LONDON METAL EXCHANGE ON FRIDAY. TELECOM STOCKS ADVANCED ON BARGAIN HUNTING. RATE SENSITIVE BANKING SHARES RECOVERED FROM DAY'S LOW. INDEX HEAVYWEIGHT ALSO STAGED A SHARP RECOVERY ON BARGAIN HUNTING.

TODAY NIFTY MAY OPEN FLAT BUT LOOKS TO BE POSITIVE ON CHARTS ON THE STRONG RECOVERY ON HEAVY VOLUMES LAST DAY BUT THE ONLY CONCERN IN TODAYS MARKET IS NEGATIVE GLOBAL CUES. IF NIFTY TRADES ABOVE 4783 THEN NIFTY MAY HEAD TOWARDS 4825 AND TRADE ABOVE THIS LEVEL WOULD TAKE NIFTY TO 4865 AND ANY TRADE ABOVE 4865 WOULD LEAD NIFTY 4909 LEVELS ANY CLOSING ABOVE 4825 IS CONSIDERED TO BE A GOOD CLOSE AND ONE CAN INITIATE A BUY AT THIS LEVEL IN SMALL QUANTITIES. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4954 THEN LIKELY TO SEE A DIP TILL 4718 AND BREAK BELOW THIS LEVEL MAY TOUCH 4700 BUT BREAK BELOW THIS LEVEL IS CONSIDERED TO BE WEAK AND CAN DRAG NIFTY TO NEW LOWS.
BUY CHAMBAL SL 70.6 TGT 73/74/75
BUY CHENNAI PETRO SL 232 TGT 243/245/248
BUY GTOFFSHORE SL 424 TGT 430/436/444
BUY JINDAL SAW SL 190.6 TGT 193/195/198
BUY SYNDICATE BANK SL 83 TGT 84.6/85.7/87.4
SELL GLAXO SL 1540 TGT 1512/1502/1492

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