INTRADAY TIPS FOR 10 MARCH 2010

GOOD MORNING!!!

SELLING PRESSURE CROPPED IN THE MID DAY AFTER A STRONG GAINS TRACKING FIRM ASIAN STOCKS, IT WAS HIGHLY VOLATILE SESSION IN THE ENTIRE DAY. THOUGH THE MARKET BREADTH WAS STRONG, MARKETS ARE WAITING FOR THE TREND. SHARES FROM BANKING, AUTO AND HEALTHCARE SECTORS LED GAINS. SHARES OF STATE BANK OF INDIA (SBI) ROSE AFTER THE FINANCE MINISTER INTRODUCED A BILL IN THE LOK SABHA TO ALLOW THE BANK TO RAISE MORE CAPITAL FROM THE MARKET. IT STOCKS ROSE ON STRONG US ECONOMIC DATA. TELECOM SHARES DIPPED ON SELLING PRESSURE AFTER THE RECENT RISE.
TODAY MARKETS LOOKS VOLATILE AND NEGATIVELY BIASED. TODAY IF NIFTY TRADES BELOW 5 097 THEN LIKELY TO SEE IT TO TAKE SUPPORT AT 5060 AND BREAK BELOW THIS THEN WOULD TAKE NIFTY DOWN TO 5044 AND ANY CLOSE BELOW THIS POINT WOULD DECIDE THE TREND. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5120 THEN LIKELY TO TAKE NIFTY TO 5140 AND BREAK ABOVE THIS POINT WOULD TAKE IT TO 5170 ANY CLOSE ABOVE 5170 IS CONSIDERED TO BE BULLISH. STOCK SPECIFIC MOVEMENT WOULD TAKE PLACE. STOCKS WITH POSITIVE BIAS ARE INFINITE, JUBLFOOD, HANUNG, AQUA, HDFCBANK, HDFC, TATAELXSI, ZYLOG, PIRHEALTH, HITACHIHOM, JISLJALEQS, SRTRANSFIN, JUBILANT, GLODYNE, ARSS INFRA, JAGRAN PRAKASHAN.
BUY ZYDUSWELL SL 354 TGT 373/383/391
BUY ESCORTS SL 154 TGT 162/167/172
BUY MARUTI SL 1497 TGT 1521/1534/1545
BUY SBI SL 2039 TGT 2057/2067/2083

INTRADAY TIPS FOR 09 MARCH 2010

GOOD MORNING!!!
WITH STRONG INTRADAY GAINS IN THE OPENING OF THE MARKETS, IT COULD NOT HOLD THE SAME MOMENTUM TILL THE END AS INDICES EDGED SLIGHTLY HIGHER IN A VOLATILE TRADING SESSION AS PROFIT BOOKING TOOK PLACE IN FRONTLINE STOCKS. WITH WORLD MARKETS ON THE POSITIVE SIDE EUROPEAN, ASIAN MARKETS AND US INDEX FUTURES TRADING FIRM MARKET BREADTH REMAINED STRONG. REALTY SHARES EXTENDED THURSDAY'S GAINS ON FOLLOW-UP BUYING. BANKING AND TELECOM STOCKS ADVANCED ON FRESH BUYING. METAL STOCKS DECLINED MIRRORING A FALL IN METAL PRICES ON THE LONDON METAL EXCHANGE. THE MARKET WAS VOLATILE. THE MARKET OPENED ON A FIRM NOTE TRACKING GAINS IN ASIAN STOCKS. IT MOVED IN A NARROW RANGE TILL MID-MORNING TRADE. THE MARKET CUT GAINS IN EARLY AFTERNOON TRADE AFTER THE GOVERNMENT SOUGHT ADDITIONAL SPENDING PLAN FOR THE CURRENT YEAR. THE MARKET SLIPPED INTO THE RED LATER. THE MARKET REGAINED STRENGTH IN MID-AFTERNOON TRADE AS WORLD STOCKS ROSE. THE MARKET PARED GAINS IN LATE TRADE.
TODAY MARKET LOOKS VERY RANGE BOUND. IF NIFTY TRADES ABOVE 5141 THEN LIKELY TO MOVE UP TO 5171 IF THIS LEVEL IS BREACHED AND TRADED ABOVE THEN LIKELY TO SEE NEW HIGHS IN NIFTY. AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5100 THEN LIKELY TO DRIFT DOWN TO 5060 AND ANY TRADE BELOW 5044 AND CLOSE BELOW THIS POINT WOULD TURN THE DIRECTION OF THE MARKETS. STOCKS LOOKING POSITIVE ARE FORTIS, HEROHONDA,MARUTI, MUNDRA PORT, ICICI BANK.

BUY SIEMENS SL 734 TGT 744/751/762
BUY MARUTI SL 1464 TGT 1498/1513/1520
BUY BOMBAY DYEING SL 574 TGT 592/602/617
BUY MAHINDRA FORGING SL 135 TGT 149/159/165
BUY IDFC SL 159 TGT 165/167/169
POSITIONAL PICKS
IDFC TGT 200
SREI TGT 97

INTRADAY TIPS FOR 08 MARCH 2010

GOOD MORNING!!!

LAST TRADING SESSION WAS A VERY VOLATILE, INDICIES COULD GAIN VERY LITTLE IN A SEE SAW MARKET THE MARKET BREADTH WAS STRONG. REALTY SHARES EXTENDED THURSDAY'S GAINS ON FOLLOW-UP BUYING. BANKING AND TELECOM STOCKS ADVANCED ON FRESH BUYING. IT STOCKS WERE MIXED. METAL STOCKS DECLINED MIRRORING A FALL IN COMMODITY PRICES ON THE LONDON METAL EXCHANGE. THE MARKET WAS VOLATILE. THE MARKET OPENED ON A FIRM NOTE TRACKING GAINS IN ASIAN STOCKS. IT MOVED IN A NARROW RANGE TILL MID-MORNING TRADE. THE MARKET CUT GAINS IN EARLY AFTERNOON TRADE AFTER THE GOVERNMENT SOUGHT ADDITIONAL SPENDING PLAN FOR THE CURRENT YEAR. THE MARKET SLIPPED INTO THE RED LATER. THE MARKET REGAINED STRENGTH IN MID-AFTERNOON TRADE AS WORLD STOCKS ROSE. THE MARKET PARED GAINS IN LATE TRADE BUT COULD MANAGE TO CLOSE SLIGHTLY POSITIVE.

MARKETS MAY OPEN POSITIVE ON POSITIVE CLOSING ON FRIDAY AND WITH THE STRONG RALLY IN THE ASIAN MARKETS. MARKETS TODAY LIKELY TO BREAK THE RECENT HIGHS, IF NIFTY TRADES 5100 THEN LIKELY TO TEST 5140 LEVELS AND TRADE ABOVE THIS POINT WOULD LEAD NIFTY TO 5171 WHICH IS CONSIDERED TO BE A GOOD RESISTANCE POINT ANY BREAK AND CLOSE ABOVE THIS POINT WOULD TAKE NIFTY TO NEW HIGHS OF THE RECENT PAST. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5074 THEN LIKELY TO DRIFT DOWN TO 5044 ANY BREAK BELOW THIS POINT WOULD DRAG NIFTY TO 5002 AND ANY CLOSE BELOW 5000 IS CONSIDERED TO BE WEAK FOR THE NIFTY. STOCKS TO WATCH OUT FOR POSITIVE BIAS ARE BANKING, CEMENTS AND METALS.

BUY BANK NIFTY SL 8988 TGT 9145/9204/9250
BUY GRASIM SL 2776 TGT 2820/2844/2863
BUY SUZLON SL 78 TGT 82/84/86
BUY ESSAROIL SL 137.90 TGT 144/146/149
BUY PRAJ INDUSTRIES SL 84.90 TGT 89/92/94

INTRADAY TIPS FOR 05 MARCH 2010

GOOD MORNING!!!
KEY BENCHMARK INDICES ENDED SLIGHTLY LOWER AFTER WITNESSING INTRADAY VOLATILITY, ENDING THREE-DAY WINNING STREAK. FEARS OF RISE IN INTEREST RATES FOLLOWING RISE IN FOOD INFLATION WEIGHED ON THE SENTIMENT. FIRM GLOBAL STOCKS HAD AIDED THE RALLY ON THE DOMESTIC BOURSES RECENTLY. THE MARKET DRIFTED LOWER IN EARLY TRADE ON PROFIT TAKING AFTER LAST THREE DAYS' STRONG GAINS TRIGGERED BY THE FINANCE MINISTER'S PLEDGE TO CUT FISCAL DEFICIT IN THE UNION BUDGET. WITH THE RISE IN FOOD PRICE INDEX TO 17.87% IN THE 12 MONTHS AND FUEL PRICE INDEX TO 9.59%. ALONG WITH PRIMARY ARTICLES INDEX RISING TO 15%. HIGHER INFLATION IS LIKELY TO ADD PRESSURE ON THE CENTRAL BANK TO RAISE INTEREST RATES IN APRIL 2010. THE LATEST HIKE IN PETROL AND DIESEL PRICES WILL FURTHER INCREASE HEADLINE INFLATION. HIGHER INFLATION WILL PUT FURTHER PRESSURE ON INTEREST RATES WHICH IN TURN MAY IMPACT CORPORATE AND CONSUMER CONFIDENCE. THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET, WAS STRONG. TELECOM SHARES GAINED ON FRESH BUYING. BANKING SHARES WERE MIXED AHEAD OF A MEETING OF BANKERS WITH THE RESERVE BANK OF INDIA TOMORROW, 5 MARCH 2010 TO DISCUSS THE IMPLEMENTATION OF THE BASE RATE. AUTO STOCKS DECLINED ON PROFIT BOOKING. SOFTWARE PIVOTALS SLIPPED ON REPORTS TOP IT FIRMS ARE MULLING SALARY HIKE FOR THE FINANCIAL YEAR 2010-11, WHICH WILL IMPACT PROFITABILITY.
TODAY MARKETS WOULD BE VOLATILE AND THERE MAY BE PROFIT BOOKING COMING IN WITH A GOOD WEEK OF GAINS AND CONSOLIDATION FOR A BREAKOUT MAY TAKE PLACE. IF NIFTY TRADES ABOVE 5074 THEN LIKELY TO GO TO 5106 AND TRADE ABOVE IT WILL REACH 5130 ANY CLOSE ABOVE 5100 WILL TAKE NIFTY TO 5150 AND THIS POINT IS A VERY CRUCIAL POINT, NIFTY MAY RESIST BREAKING THIS POINT. ON THE DOWNSIDE IF NIFTY TRADES BELOW 5050 THEN LIKELY TO SLIDE DOWN TO 5005 AND BREAK BELOW THIS LEVEL AND TRADE BELOW 4998 THEN LIKELY TO MAKE A DIVE TO 4944 LEVELS BREAK BELOW 4944 IS A VERY WEAK CLOSING.
BUY JINDALSAW SL 203.9 TGT 207.2/209/212

BUY MRPL SL 74 TGT 77.6/79.4/81
BUY SESAGOA SL 439 TGT 447/452/457
BUY RELINFRA SL 1009 TGT1030/ 1042/1058

BUY IDFC SL 157 TGT 165/167/169

INTRADAY TIPS FOR 04 MARCH 2010

GOOD MORNING!!!

THE THIRD STRAIGHT DAY GAINS ON WEDNESDAY FOR THE INDICES, WHICH HAS PAVED WAY CROSSING THE PSYCHOLOGICAL BARRIER OF 17000 MARK FOR SENSEX AND SLIGHLY LOWER THAN 5100 IN NIFTY AT THE FAG END OF THE TRADE BUT PROVISIONALLY CLOSED BELOW THAT LEVEL. METALS GAINED AFTER RISE IN METAL PRICES IN LME. REALITY, FMCG, HEALTHCARE, BANKING AND POWER STOCKS ROSE. THE MARKET BREADTH WAS STRONG. ALL THE SECTORAL INDICES WERE IN THE GREEN.
TODAY, MARKETS WOULD BE RANGE BOUND AND NIFTY IF TRADES ABOVE 5085 THEN LIKELY TO GO UPTO 5110 AND ABOVE THIS POINT IF NIFTY TRADES THEN LIKELY TO SEE NIFTY TO 5150 WHICH WOULD ACT AS A KEY RESISTANCE ZONE. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5052 THEN LIKELY TO TEST DOWNSIDE LEVEL OF 4997 AND BREAK BELOW THIS WOULD COME DOWN TO 4944 AND ANY CLOSE BELOW 4944 IS CONSIDERED TO BE VERY WEAK. STOCK SPECIFIC COUNTERS IN BANKING, PHARMA, CEMENT, AUTO AND FINANCIAL STOCKS STILL LOOKS POSITIVE ON CHARTS.

BUY HDFC SL 2594 TGT 2621/2646/2661
BUY HDFC BANK SL 1769 TGT 1786/1799/1808
BUY ICICI BANK SL 899 TGT 912/918/925
BUY MCDOWEL SL 1439 TGT 1465/1479/1498

INTRADAY TIPS FOR 03 MARCH 2010

GOOD MORNING!!!
THE KEY BENCHMARK INDICES SURGED FOR THE SECOND STRAIGHT DAY AFTER FINANCE MINISTER PRANAB MUKHERJEE OFFERED TO PROGRESSIVELY CUT FISCAL DEFICIT OVER THE NEXT THREE FISCAL YEARS, CHANGED PERSONAL TAX RATES WHICH WILL LIFT DISPOSABLE INCOMES IN THE HAND OF INDIVIDUALS AND REDUCED SURCHARGE ON CORPORATE TAX FOR DOMESTIC COMPANIES TO 7.5% FROM 10% IN UNION BUDGET 2010-2011 LATE LAST WEEK. DATA SHOWING A SURGE IN MANUFACTURING ACTIVITY IN THE MONTH OF FEBRUARY AND RISE IN EXPORTS FOR THE THIRD CONSECUTIVE MONTH IN JANUARY ALSO LIFTED SENTIMENT. THE MARKET SURGED IN EARLY TRADE TRACKING OVERNIGHT GAINS IN GLOBAL STOCKS WHEN THE INDIAN MARKET WAS CLOSED FOR THE HOLI FESTIVAL. THE MARKET SURGED AGAIN IN AFTERNOON TRADE, MARKET EXTENDED GAINS IN LATE TRADE. AUTO STOCKS EXTENDED FRIDAY'S SHARP GAINS ON ROBUST VEHICLE SALES IN THE MONTH OF FEBRUARY 2010 OVER FEBRUARY 2009. INDIA'S LARGEST COMMERCIAL VEHICLE MAKER BY SALES TATA MOTORS ROSE MORE THAN 10% AFTER THE COMPANY REPORTED STRONG VEHICLE SALES IN THE MONTH. BANKING, METAL AND TELECOM STOCKS ALSO ROSE. BARRING THE REALTY INDEX, ALL THE OTHER SECTORAL ON INDICES WERE IN GREEN
TODAY MARKET MAY REMAIN FLAT AND VOLATILE. IF NIFTY TRADES ABOVE 5040 THEN LIKELY TO TAKE NIFTY TO 5069 LEVELS AND TRADE ABOVE THIS POINT WOULD TAKE NIFTY TO 5140 LEVELS ANY CLOSE ABOVE 5069 IS CONSIDERED TO BE VERY STRONG AND ONE CAN TAKE LONG POSITIONS AT THIS STAGE. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5000 THEN LIKELY TO HEAD TOWARDS 4971 AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY TO 4926 AND ANY CLOSE BELOW 4944 IS AGAIN CONSIDERED TO BE WEAK. SO MAINTAIN THE ABOVE LEVEL AND TRADE AS MARKET PICTURE STILL LOOKS HAZY EVEN AFTER A SURGE OF 200 POINTS IN NIFTY, ONE IS ADVISED TO STAY CAUTIOUS AS LOT OF SHARES THOUGH ARE MOVING UP STILL REMAINS NEGATIVE SO TRADE THE RECOMMENDED SCRIPS FOR CONTAINING YOUR LOSS WITH STRICT STOPLOSS AND DON’T ENTER SCRIPS EVEN IF THEY ARE MOVING VERY HIGH, THERE ARE LOT OF SHARES LIKELY TO NOSE DIVE.

BUY ACC SL 958 TGT 974/980/988*
BUY ASHOK LEYLAND SL 52 TGT 54/55/57*
BUY ORIENTAL BANK SL 284 TGT 290/293/296*
BUY CROMPTON GREAVES FUTURES SL 439 TGT 449/456/465*
BUY PIRAMAL SL 420 TGT 433/449/457*
BUY YESBANK SL 245 TGT 249/252/254
BUY WELGUJ SL 248 TGT 252/254/257
SELL CHAMBAL SL 62 TGT 60.4/59.25/58
SELL GAIL SL 395 TGT 390/387/383
SELL DLF SL 296 TGT 287/282/272
SELL RECLTD SL 241 TGT 175 * POSITIONAL

INTRADAY TIPS FOR 02 MARCH 2010

GOOD MORNING!!!

INDICES GAVE UP SOME OF ITS GAINS AFTER INITIAL SURGE IN THE EARLY AFTERNOON TRADE WITH TRIGGERS FROM UNION BUDGET, SECTORS LIKE AUTO, METALS AND BANKING OUT PERFORMED. OVERALL THE STRENGTH OF THE MARKET REMAINED POSITIVE. THE GOVERNMENT'S PLEDGE TO PROGRESSIVELY CUTS ITS BUDGET DEFICIT OVER THE NEXT THREE FISCAL YEARS, CHANGES IN PERSONAL TAX RATES WHICH WILL LIFT DISPOSABLE INCOMES IN THE HAND OF INDIVIDUALS AND A REDUCTION IN SURCHARGE ON CORPORATE TAX FOR DOMESTIC COMPANIES TO 7.5% FROM 10%, LIFTED SENTIMENT. THE GOVERNMENT'S PLAN TO INTRODUCE DIRECT AND INDIRECT TAX REFORMS FROM 1 APRIL 2011 ALSO CHEERED INVESTORS. THE PEAK RATE OF EXCISE DUTIES HAS BEEN RAISED TO 10% FROM 8% AS A FIRST STEP TOWARDS THE WINDING DOWN OF FISCAL STIMULUS MEASURES. HOWEVER, THE SERVICE TAX WAS RETAINED AT 10%. THE GOVERNMENT HAS ESTIMATED RS 40000 CRORE FROM DISINVESTMENT FOR FY 2010-11. IT HAS ESTIMATED RS 35000 CRORE FROM SALE OF THIRD GENERATION TELECOM AUCTIONS. THE MINIMUM ALTERNATE TAX (MAT) HAS BEEN RAISED TO 18% FROM 15% OF BOOK PROFITS. THE FM ALSO RAISED THE EXCISE DUTY ON PETROL AND DIESEL BY ONE RUPEE PER LITER, AND RAISED THE IMPORT DUTY ON GOLD TO RS 300 PER 10 GRAM FROM RS 200 PER 10 GRAMS AT PRESENT.

TODAY MARKETS LOOKS POSITIVE WITH ALL THE ASIAN AND AMERICAN INDICES ENDING IN GREEN TODAY IF NIFTY TRADES ABOVE 4944 THEN LIKELY TO GO UP TO 4995 LEVELS AND ANY TRADE ABOVE 5000 WOULD TAKE NIFTY TO 5037 AND BREAK ABOVE THIS LEVEL WOULD TAKE NIFTY TO 5074, ANY CLOSE ABOVE 5000 IS CONSIDERED TO BE BULLISH AND ONE CAN STAY LONG. ON THE NEGATIVE SIDE IF NIFTY BREAKS BELOW 4926 WOULD LEAD TO 4902 AND ANY BREAK BELOW THIS POINT WOULD TAKE NIFTY TO 4874 AND BELOW THIS LEVEL WOULD TAKE TO 4840 WHICH IS AGAIN CONSIDERED TO BE THE VERY GOOD SUPPORT BREAK BELOW THIS LEVEL WOULD TAKE NIFTY BY 100 POINTS DOWNSIDE SO 4840 IS CONSIDERED TO BE A VERY CRUCIAL LEVEL WHICH SHOULD HOLD.

BUY RELCAP SL 780 TGT 810/820/832
BUY RANBAXY SL 459 TGT 478/485/496
BUY M&M SL 999 TGT 1017/1030
BUY AMTEK AUTO SL 174 TGT 189/193/200
BUY BATA INDIA SL 229 TGT 242/246/250
BUY INDIAN HOTELS TGT 93/96/99 POSITIONAL TGT 115/135
BUY IFCI SL 49.9 TGT 53/54/55 CAN HOLD POSITIONALLY
POSITIONAL TRADES
BUY GVK POWER TGT 55
BUY NOIDA TGT 43
BUY GAMMON INFRA TGT 32