INTRADAY TIPS FOR 25 MARCH 2010

GOOD MORNING!!!

THE KEY BENCHMARK INDICES SWAYED BETWEEN GAINS AND LOSSES, THE MARKET WAS VOLATILE AS TRADERS ROLLED OVER POSITIONS IN DERIVATIVES SEGMENT FROM THE MARCH 2010 SERIES TO THE APRIL 2010 SERIES AHEAD OF THE EXPIRY. THE MARKET PARED GAINS SOON AFTER AN INITIAL RALLY. THE MARKET FURTHER TRIMMED GAINS IN MORNING TRADE, AFTER MOVING A IN A NARROW RANGE IN MORNING TRADE. THE MARKET ONCE AGAIN MOVED IN A NARROW RANGE IN MID-MORNING TRADE. THE KEY BENCHMARK INDICES RECOVERED FROM LOWER LEVEL AFTER ERASING ALMOST THE ENTIRE INTRADAY GAINS. HOWEVER, THE INTRADAY RECOVERY PROVED SHORT-LIVED. THE MARKET SLIPPED INTO THE RED IN AFTERNOON TRADE. THE KEY BENCHMARK INDICES REGAINED POSITIVE ZONE IN MID-AFTERNOON TRADE. PHARMA STOCKS ROSE AND REALTY SHARES WITNESSED SELLING PRESSURE. OVERALL SENTIMENT ON SECTORIAL INDICIES WERE POSITIVE WITH NINE OUT OF 13 SECTORAL INDICES CLOSING IN GREEN. BUT, THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET, WAS NEGATIVE COMPARED WITH A STRONG BREADTH IN EARLY TRADES ON INTRADAY TERMS. ROLL-OVER IN INDIVIDUAL STOCKS, GTL, NATIONAL ALUMINUM COMPANY, RELIANCE POWER, GTL INFRASTRUCTURE, AND BHARTI AIRTEL, HAVE WITNESSED HIGH ROLLOVER. BUT ROLLOVER WAS LOW IN REC, DISH TV, ESSAR OIL, ITC AND WELSPUN-GUJARAT STAHL ROHREN TILL MONDAY. FOLLOWING THE PASSAGE OF THE LANDMARK HEALTHCARE BILL, MULTINATIONAL FIRMS MAY NOW BE WILLING TO PUT MORE MONEY TO BUY INTO INDIA'S FORMULATIONS COMPANIES. THE HEALTHCARE BILL IS THE US GOVERNMENT'S ATTEMPT TO REDUCE HEALTHCARE COSTS. THE OBAMA ADMINISTRATION WOULD MAKE A NEARLY $1-TRILLION COMMITMENT IN TAXPAYER MONEY OVER THE NEXT DECADE TO HELP AN ESTIMATED 32 MILLION UNINSURED AMERICANS GET HEALTH COVERAGE. THE BILL ALSO PROMOTES USE OF GENERIC DRUGS THAT ARE OFTEN ONE-TENTH THE PRICE OF THE ORIGINAL VERSION, BUT HAS THE SAME IMPACT. ANALYSTS OPINE THAT THIS WOULD TRANSLATE INTO HUGE OPPORTUNITIES TO INDIAN COMPANIES AS INDIA HAS THE LARGEST NUMBER OF US FOOD AND DRUG ADMINISTRATION APPROVED PHARMA PLANTS OUTSIDE THE US. INDIA WAS AMONG THE 14 COUNTRIES NAMED IN THE CONGRESS DISCUSSION THAT CAN OFFER LOW-COST DRUGS TO ACHIEVE LOWER HEALTHCARE COSTS
TODAY MARKET MAY OPEN FLAT WITH HIGH VOLATALITY ON THE FUTURES CONTRACT SETTLEMENT CLOSING FOR THE MONTH OF MARCH. TODAY IF NIFTY TRADES BELOW 5207 ONE CAN TAKE UP SHORT POSITION FOR A TARGET OF 5171 AND THEN TO 5140 AND ANY CLOSING BELOW 5200 IS CONSIDERED TO BE WEAK AND LIKELY TO TEST 5105 LEVELS TOO. ON THE UPSIDE IF NIFTY TRADES ABOVE 5261 LEVELS THEN WE MAY SEE NIFTY TO HEAD TOWARDS 5300 AND BREAK ABOVE THIS POINT WOULD LEAD NIFTY TO FURTHER NEW HIGHS OF THE YEAR AND ONE CAN REMAIN LONG IF NIFTY CLOSES ABOVE 5300. IF NIFTY CLOSES ABOVE 5261 THEN ONE IS ADVISED NOT TO STAY SHORT.

FEW POSITIVE SCRIPS: AUROBINDO PHARMA, BANK OF BARODA, LANCO INFRA, NAGARJUNA CON, PIRAMAL HEALTH, PETRONET

NEGATIVE SCRIPS: FINANTECH, IDEA, POLARIS AND SCI

BUY TATA ELXSI (I) LTD SL 329.9 TGT 348/374/400 (POSITIONAL)
BUY AGRO DUTCH INDS SL 19.9 TGT 21/21.90/22.7
BUY HANUNG SL 194 TGT 209/217/234
BUY VAKRANGEE SL 101 TGT 110/114/120
BUY CAIRN SL 288 TGT 300/305/309
APIL SL 596 TGT 614/620/628

GOOD MORNING!!!

THE MARKET CUT LOSSES AFTER A WEAK START. IT FURTHER TIMED LOSSES IN MORNING TRADE. IT EXTENDED RECOVERY IN MID-MORNING TRADE. INDICES WERE MARGINALLY LOWER IN EARLY AFTERNOON TRADE. IT WEAKENED ONCE AGAIN LATER TRACKING A SUBDUED GLOBAL INDICES. REALITY AND AUTO STOCKS FELL. WITH THE CENTRAL BANK RAISING THE REPO RATE, THE RATE AT WHICH IT LENDS TO BANKS TO 5% FROM 4.75% AND REVERSE REPO RATE, THE RATE WHICH IT ABSORBS FUNDS FROM THE SYSTEM TO 3.50% FROM 3.25% WITH IMMEDIATE EFFECT. INDIA IS THE SECOND MAJOR ECONOMY AFTER AUSTRALIA TO START RAISING INTEREST RATES WITH SIGNS OF GLOBAL RECOVERY EMERGING AND LOCAL PRICE PRESSURES PICKING UP. CHINA HAS RAISED ITS BANKS' RESERVE REQUIREMENTS BUT HAS LEFT ITS RATES UNCHANGED.

TODAY MARKET LOOKS FLAT TO POSITIVE WE MAY SEE LOT OF VOLATILITY IN THE MARKET AHEAD OF EXPIRY AS TOMORROW BEING A HOLIDAY WE MAY SEE LOT OF VOLATILITY TODAY AND DAY AFTER TOMORROW AS TRADERS ROLL OVER THEIR POSITIONS FROM THIS MONTH TO THE NEXT MONTH CONTRACT. NIFTY MAY OPEN GAP UP OF AROUND 25 POINTS AND IF NIFTY TRADES ABOVE 5232 THEN LIKELY TO MOVE AHEAD TO 5251 AND TRADE ABOVE THIS POINT WOULD LEAD NIFTY TO 5284 ANY CLOSE ABOVE 5251 IS CONSIDERED GOOD AND WE MAY SEE NIFTY TO MOVE TO NEW HIGHS OF THE YEAR. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5200 THEN LIKELY TO DRIFT DOWN TO 5150 AND BREACH BELOW THIS LEVEL WOULD TAKE NIFTY 5102 AND ANY CLOSE BELOW 5150 IS WEAK AND REVERSAL OF TREND.

BUY SPARC (SUNPHARMA ADVANCED RESEARCH CENTRE) SL 92 TGT 99/102/105
BUY PUNJLLOYD SL 174 TGT 178/180/182
BUY JSW STEEL SL 1215 TGT 1249/1259/1268

BUY CHAMBALFERT SL 61.80 TGT 63.4/64.8/65.70 (ONE CAN HOLD)

POSITIONAL CALL
BUY FORCE MOTOR SL 372 TGT 395/401/410 (POSITIONAL TGT 500)

INTRADAY TIPS FOR 22 MARCH 2010

GOOD MORNING!!!

MARKET SURGED IN THE MORNING TRADES NIFTY HITTING ITS HIGHEST LEVEL IN THE LAST TWO MONTHS AND 10 POINTS AWAY FROM THE 52 WEEK HIGH. MARKET ONCE AGAIN TRIMMED GAINS AND SURGED BACK AFTER HITTING FRESH INTRADAY LOWS. RELIANCE INDUSTRIES WAS THE KEY IN HOLDING THE MARKET ON THE POSITIVE TERRAIN. IT AND REALITY STOCKS FELL. PSU, AUTO AND CONSUMBER DURABLES STOCKS ROSE. MARKET MAY REMAIN VOLATILE IN THE NEAR TERM AS TRADERS ROLLOVER POSITIONS IN DERIVATIVES SEGMENT FROM MARCH 2010 SERIES TO APRIL 2010 SERIES AHEAD OF EXPIRY. OVERALL BREADH OF THE MARKET WAS NEGATIVE.

TODAY MARKET WOULD OPEN NEGATIVE ON REPO AND REVERSE REPO RATE HIKE BY RBI. WE MAY WITNESS A HIGH RANGE OF VOLATALITY. MARKET MAY OPEN GAP DOWN OF AROUND 100 POINTS IN NIFTY. TODAY IF NIFTY TRADES BELOW 5180 LIKELY TO DRIFT DOWN TO 5145 WHICH IS A STIFF SUPPORT AND BREAK AND CLOSE BELOW THIS LEVEL WOULD TAKE NIFTY TO 5057. ON THE POSITIVE SIDE OF NIFTY IF NIFTY TRADES ABOVE 5300 THEN LIKELY TO MOVE UP TO NEW HIGHS OF THE YEAR.

BUY WELGUJ SL 268 TGT 286/289/293 (ADVISED TO BUY WHEN MARKET OPENS NEGATIVE)
SELL HDFC SL 2721 TGT 2688/2675/2655/(POSITIONAL TGT 2592)
SELL M&M SL 1069 TGT 1060/1049/1026
POSITIONAL TRADES
BUY KOPRAN AT 28 TGT 35/42

INTRADAY TIPS FOR 19 MARCH 2010

GOOD MORNING!!!

THE KEY BENCHMARK INDICES SCALED TWO-MONTH CLOSING HIGHS AFTER GLOBAL RATING AGENCY STANDARD & POOR'S REVISED INDIA'S RATING OUTLOOK TO STABLE FROM NEGATIVE. S&P AFFIRMED LONG-TERM AND SHORT-TERM SOVEREIGN CREDIT RATINGS ON INDIA. FMCG AND CAPITAL GOODS SHARES DECLINED WHILE BANK AND METAL SHARES MOVED HIGHER. STOCKS WERE VOLATILE AS TRADERS ROLLED OVER POSITIONS IN THE DERIVATIVES SEGMENT FROM THE MARCH 2010 SERIES TO THE APRIL 2010 SERIES AHEAD OF THE EXPIRY OF THE NEAR-MONTH MARCH 2010 CONTRACTS ON THURSDAY, 25 MARCH 2010. THE SENSEX SLIPPED INTO THE RED SOON AFTER INITIAL GAINS. THE MARKET REGAINED POSITIVE ZONE SHORTLY. THE MARKET ONCE AGAIN SLIPPED INTO THE RED, WITH THE SENSEX HITTING A FRESH DAY'S LOW IN MID-MORNING TRADE. THE MARKET RECOUPED ENTIRE LOSSES LATER. HOWEVER, THE INTRADAY RECOVERY PROVED SHORT-LIVED. THE SENSEX HIT A FRESH INTRADAY LOW IN EARLY AFTERNOON TRADE. THE MARKET HIT FRESH INTRADAY LOW IN AFTERNOON TRADE AS ASIAN STOCKS FELL. THE MARKET CUT LOSSES SOON AFTER HITTING A FRESH INTRADAY LOW IN MID-AFTERNOON TRADE. THE MARKET REGAINED POSITIVE ZONE LATER. THE SENSEX SURGED TO THE DAY'S AT THE FAG END OF THE TRADING SESSION FOLLOWING THE S&P UPGRADE. THE REVISION IN OUTLOOK BY S&P REFLECTS ITS VIEW THAT INDIA'S FISCAL POSITION COULD NOW BEGIN TO RECOVER AND THAT ITS ECONOMY WILL REMAIN ON A STRONG GROWTH PATH. THE GOVERNMENT BUDGET TARGETS A GENERAL GOVERNMENT (INCLUDING CENTRAL AND STATE GOVERNMENTS) DEFICIT OF 8.3% IN THE FISCAL YEAR ENDING 31 MARCH 2011, FROM 9.8% IN THE PREVIOUS FISCAL YEAR, S&P SAID. S&P ALSO ESTIMATED THAT INDIA'S GROSS DOMESTIC PRODUCT WILL GROW 8% IN THE YEAR ENDING MARCH 31, 2011, HIGHER THAN ITS FORECAST EARLIER, ADDING INDIA'S EXTERNAL POSITION WAS RESILIENT. EVEN SO, INDIA'S RATINGS CONTINUE TO BE CONSTRAINED BY THE GOVERNMENT'S HIGH DEBT BURDEN AND DEFICIT, AS WELL AS INDIA'S WEAK FISCAL PROFILE, THE RATING AGENCY SAID.

TODAY IF NIFTY TRADES ABOVE 5250 THEN IT WILL HEAD TOWARDS 5269 BREACH ABOVE THIS POINT WOULD LEAD NIFTY TO 5295 AND ANY CLOSING ABOVE 5270 IS CONSIDERED TO BE BULLISH AND WOULD MAKE NEW HIGHS OF THE YEAR IN THE MARKET. AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5246 THEN LIKELY TO COME DOWN TO 5220 AND THEN TO 5196 ANY CLOSING BELOW 5196 IS CONSIDERED TO BE LITTLE WEAK AND ONE IS ADVISED TO EXIT SOME POSITION FOR A CLEAR TREND SO THAT ONE IS SAFER IN THE LONG TERM BUT OVERALL IF YOU LOOK AT THE MARKET IT HAS BREACHED ALL THE GOOD RESISTANCES IN THE INDICES AND IS REARING TO GO MUCH HIGHER AND NO NEGATIVE IMPACT IS VISIBLE IN THE NEAR TERM EXCEPT FOR THE RETRACEMENT IN THE MARKET, WHICH IS AGAIN CONSIDERED TO BE HEALTHY.

BUY STERLITE SL 814 TGT 834/844/853
BUY PUNJLLOYD SL 168 TGT 174/176/180

INTRADAY TIPS FOR 18 MARCH 2010

GOOD MORNING!!!

KEY INDICES CUT GAINS IN THE LATER HALF OF THE DAY AFTER HITTING THEIR HIGHEST LEVEL IN THE LAST TWO MONTHS. MARKET BREADTH TURNED WEAK IN CONTRAST TO A STRONG BREADTH EARLIER IN THE DAY. WORLD STOCKS ALSO ROSE AFTER THE US FED HELD BENCHMARK RATES NEAR ZERO AND MAINTAINED ITS PLEDGE TO KEEP THEM LOW FOR AN EXTENDED PERIOD. CAPITAL GOODS, METALS AND PHARAM STOCKS ROSE WHILE REALITY WAS WEAK. MARKETS SURGED IN EARLY TRADE TRACKING FIRM GLOBAL STOCKS THERE AFTER MOVED IN NARROW RANGE TILL AFTERNOON BEFORE IT WITNESSED A SELL OFF .
TODAY MARKET LOOKS POSITIVE AND MAY BE IN A STIFF RANGE BOUND. IF NIFTY TRADES ABOVE 5250 THEN LIKELY TO TOUCH 5300 AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5220 THEN LIKELY TO DIP DOWN TO 5200 AND THEN TO 5170 AND ANY BREAK BELOW THIS LEVEL WOULD COME DOWN TO 5140. BE CAUTIOUS IN THE MARKET AS MANY OF THE COUNTERS ARE IN OVER BUYING ZONE EVEN TO MOVE UP IT HAS TO CONSOLIDATE AT THE CURRENT LEVELS. VERY STOCK SPECIFIC MOVES WOULD BE WITNESSED IN THE MARKET ONE SHOULD EYE ON PSU COUNTERS FOR THE DAY.
BUY HINDCOPPER SL 519 TGT 545/558/570
BUY STCINDIA SL 485 TGT 505/511/515
BUY INDIAINFO SL 119 TGT 126/128/130
BUY GMDC SL 142 TGT 151/154/156
BUY JINDALSAW SL 217 TGT 221/223/225

POSITIVE OPENING COULD NOT REALLY WITHSTAND IN THE INITIAL START OF THE MARKETS, MARKETS DECLINED AFTER THE REVERSAL OF SOME ASIAN MARKETS, MARKET HOVERED BETWEEN POSITIVE AND NEGATIVE TERRAIN NEAR TO THE FLATLINE TILL MID AFTERNOON AND LATER BULLS TOOK COMPLETE CONTROL OF THE MARKET CAPTIVATING AND EDGED HIGHER GAINS AND ATTAINED THEIR HIGHEST CLOSING LEVELS IN THE NEAR TWO MONTHS PERIOD THIS RISE IS ALSO TRIGGERED BY GOOD IIP NUMBERS ALONG WITH ENCOURAGING ADVANCE TAX FIGURES INDICATEING BETTER FOURTH QUARTER RESULTS. METAL, CAPITAL GOODS, AUTO AND CONSUMER DURABLES STOCKS ROSE. RELIANCE INDUSTRIES AND L&T SURGED WHICH TOOK MARKETS TO NEW HEIGHTS. THE MARKET BREADTH WAS STRONG. THE Q4 MARCH 2010 ADVANCE TAX PAYMENT NUMBERS OF TOP INDIAN FIRMS WERE ENCOURAGING. RELIANCE INDUSTRIES HAS PAID RS 770 CRORE AS ADVANCE TAX FOR THE MARCH QUARTER COMPARED WITH RS 365 CRORE A YEAR AGO. INFOSYS' TAX OUTGO HAS DOUBLED TO RS 250 CRORE FROM RS 125 CRORE. TATA CONSULTANCY SERVICES PAID RS 178 CRORE, COMPARED FROM RS 53 CRORE EARLIER. STATE-RUN UNION BANK OF INDIA PAID RS 185 CRORE COMPARED WITH RS 253 CRORE A YEAR AGO. ICICI BANK'S Q3 ADVANCE TAX STOOD AT RS 350 CRORE VERSUS RS 250 CRORE A YEAR AGO. ASIAN PAINTS PAID RS 60 CRORE, VERSUS RS 43 CRORE YEAR EARLIER. STATE BANK OF INDIA HAS PAID RS 1857 CRORE VERSES RS 1810. HDFC PAID RS 280 CRORE, UNCHANGED FROM A YEAR EARLIER. TATA MOTORS PAID RS 115 CRORE VERSUS NIL A YEAR AGO. BANK OF BARODA PAID RS 300 CRORE VERSES RS 280. ZEE ENTERTAINMENT ENTERPRISES PAID RS 97 CRORE VERSUS RS 109. TATA STEEL PAID RS 513 CRORE VERSUS RS 406 CRORE. L&T PAID RS 270 CRORE VERSUS RS 275 CRORE. BAJAJ AUTO PAID RS 177 CRORE VERSUS RS 60 CRORE. M&M PAID RS 235 CRORE VERSUS NIL A YEAR EARLIER. CEMENT MAKER ACC PAID RS 330 CRORE COMPARED TO RS 340 CRORE A YEAR AGO. AMBUJA CEMENT PAID RS 120 CRORE, COMPARED WITH RS 125 CRORE A YEAR AGO. ADITYA BIRLA GROUP FIRM GRASIM INDUSTRIES PAID RS 216 CRORE AS ADVANCE TAX IN THE PERIOD UNDER REVIEW, AS COMPARED TO RS 65 CRORE A YEAR AGO. LIFE INSURANCE CORP OF INDIA (LIC) HAS PAID RS 864 CRORE AS ADVANCE TAX FOR THE MARCH QUARTER, COMPARED WITH RS 810 CRORE YEAR AGO.
TODAY MARKET WOULD OPEN POSITIVE AND TRADE ABOVE 5200 WOULD TAKE NIFTY TO 5230 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5250 AND ANY CLOSE ABOVE 5250 IS CONSIDERED TO BE BULLISH AND WILL GO BEYONG 52 WEEK HIGH. AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5170 THEN LIKELY TO COME DOWN TO 5140 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 5100 AND TILL NIFTY CLOSES BELOW 5100 WE CANT CONSIDERED TO BE WEAK, SO WATCH CAREFULLY.

BUY HPCL SL 329 TGT 340/344/347
BUY TATA Steel SL 624 TGT 635/639/645
BUY DLF SL 309 TGT 316/320/324

INTRADAY TIPS FOR 16 MARCH 2010

GOOD MORNING!!!
INDICES RECOVERED FROM THE DAYS LOW AND CLOSED FLAT AFTER MOVING BETWEEN THE POSITIVE AND NEGATIVE TERRAIN THROUGHOUT THE DAY. HIGHER EUROPEAN STOCKS HELPED A LATE RECOVERY ON THE DOMESTIC BOURSES. BUT THE MARKET ENDED OFF THE DAY'S HIGH AS STRONG INDUSTRIAL PRODUCTION DATA FOR JANUARY 2010 REINFORCED EXPECTATIONS OF A RATE HIKE BY THE RESERVE BANK OF INDIA. IT, REALTY AND BANKING STOCKS FELL. THE MARKET BREADTH WAS WEAK. THE MARKET WITNESSED BOUTS OF INTRADAY VOLATILITY. STOCKS PARED GAINS SOON AFTER HITTING 1-1/2 MONTH HIGHS AT THE ONSET OF THE TRADING SESSION. THE MARKET REGAINED STRENGTH IN MORNING TRADE. THE MARKET ONCE AGAIN TRIMMED GAINS IN MID-MORNING TRADE. THE MARKET MOVED BETWEEN POSITIVE AND NEGATIVE ZONE IN EARLY AFTERNOON TRADE. THE MARKET CUT LOSSES AFTER HITTING A FRESH INTRADAY LOW IN AFTERNOON TRADE. THE MARKET HIT A FRESH INTRADAY LOW IN MID-AFTERNOON TRADE. THE MARKET REGAINED POSITIVE ZONE IN LATE TRADE.
WE HAVE WITNESSED A LOT OF RANGE BOUND ACTIVITY IN THE MARKET WHICH CLEARLY INDICATES THAT THE MARKET IS WAITING FOR THE NEXT MOVE FOR A BREAK-OUT AND NOW IN THE CONSOLIDATION PHASE. MARKET HAS TO COME DOWN INORDER TO GO UP IF MARKET DOESN’T COME DOWN BEFORE GOING UP IT IS ALWAYS RISKY FOR AN INVESTOR THAT MARKET WOULD BE PRONE TO PRESSURE AT ANY TIME AND LIKELY TO GIVE UP MUCH MORE THAN ANTICIPATED ON PANIC, BUT IF MARKET CORRECTS FROM THIS POINT THEN IT WOULD GIVE A DIRECTION FOR INVESTING IN THE MARKETS. IF NIFTY TRADES BELOW 5120 THEN LIKELY TO DRIFT DOWN TO 5097 AND BREAK BELOW THIS WOULD COME DOWN TO 5060 AND ANY CLOSE BELOW THIS LEVEL WOULD BE WEAK AND CAN INITIATE SHORTS AND ON THE UPSIDE IF NIFTY TRADES ABOVE 5140 THEN WOULD GO TO 5170 AND ABOVE THAT WOULD LEAD NIFTY TO 5200 AND ANY CLOSE ABOVE 5170 WOULD DRIVE NIFTY TO 5300 LEVELS IN A VERY SHORT TIME.

NO RECOS FOR THE DAY