INTRADAY TIPS FOR 13 APRIL 2010

GOOD MORNING!!!

BATTLE BETWEEN TWO REGULATORS IRDA AND SEBI ON OVERSIGHT OF UNIT LINKED INSURANCE PRODUCTS OR ULIPS WEIGHED ON THE INDICES IN A VERY VOLATILE SESSION THOUGH FINANCE MINISTER MR. PRANAB MUKHERJEE AFTER MARKET HOURS QUOTED AS SAYING IN THE ELECTRONIC MEDIA THE STATUS QUO ON ULIPS WILL CONTINUE. AUTO, CAPITAL GOODS AND BANKING STOCKS LED THE FALL BUT MARKET BREADTH DIDN’T TURN WEAK. INITIALLY MARKET OPENED GAP DOWN AND SOON RECOVERED BOUNCING BACK BUT COULD NOT SUSTAIN THE INITIAL GAINS AND SLID DOWN TO RED, FURTHER WEAKEND BY SURPASSING INTRADAY LOWS OF MORNING SESSION. IIP DATA WHICH WAS RELEASED IN THE AFTERNOON PROVED TO BE SUBTLE AS THE NUMBERS WERE LOWER THAN EXPECTED 15.1% IN FEBRUARY AND ALSO LOWER THAN 16.7% RISE IN JANUARY, PRODUCTION OF CAPITAL GOODS ROSE 44.4%, WHILE CONSUMER DURABLE GOODS OUTPUT GREW BY AN ANNUAL 29.9%.
TODAY MARKETS LOOK FLAT, TODAY IF NIFTY TRADES ABOVE 5364 LIKELY TO GO UP TO 5410 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5442 AND ANY TRADE ABOVE THIS POINT WOULD TAKE NIFTY TO 5470 LEVELS AND CLOSE ABOVE 5421 WOULD TAKE NIFTY TO NEW HIGHS OF THE YEAR. IF TRADES BELOW 5322 THEN LIKELY TO COME DOWN TO 5285 AND BREAK BELOW THIS LEVEL WOULD BRING DOWN NIFTY TO 5254 LEVELS AND ANY FURTHER WEAKNESS WOULD DRIFT DOWN NIFTY TO 5202.

BUY TV18 SL 79.9 TGT 87/88/89
BUY UNITECH SL 77.40 TGT 79/80/81
BUY JAI CORP SL 284 TGT 299/306/311

INTRADAY TIPS FOR 12 APRIL 2010

GOOD MORNING!!!

LAST TRADING DAY ENDED UP WITH HUGE GAINS IN THE INDICES, INDICES HAVE GIVEN UP SOME OF ITS GAINS OF MORNING TRADE. THE SENTIMENT REMAINED FIRM TRACKING FROM EUROPEAN AND ASIAN MARKETS. FMCG, CAPITAL GOODS, METAL STOCKS EDGED HIGHER. ALL THE SECTORAL INDICES WERE ON POSITIVE ZONE. ALL IN ALL OVERALL HEALTH OF THE MARKET REMAINED STRONG AND FIRM. THE MARKET IS ENTERING AN IMPORTANT PERIOD OF QUARTERLY EARNINGS, WE EXPECT SOME GOOD NEWS ON THE RESULTS FRONT

TODAY MARKET LOOKS POSITIVE WITH US AND EUROPEAN INDICES CLOSING POSITIVE ALONG WITH STRONG MONDAY OPENING IN ASIAN INDICES. TODAY IF NIFTY TRADES ABOVE 5390 LIKELY TO GO UP TO 5421 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5442 AND ANY TRADE ABOVE THIS POINT WOULD TAKE NIFTY TO 5470 LEVELS AND CLOSE ABOVE 5421 WOULD TAKE NIFTY TO NEW HIGHS OF THE YEAR. IF TRADES BELOW 5340 THEN LIKELY TO COME DOWN TO 5285 AND BREAK BELOW THIS LEVEL WOULD BRING DOWN NIFTY TO 5254 LEVELS AND ANY FURTHER WEAKNESS WOULD DRIFT DOWN NIFTY TO 5202.

BUY VBC INDUSTRIES SL 24.5 TGT 25.4/26.50/27.25
BUY BHARAT FORGE 273/275/278
BUY VBC FERRO ABOVE 411.75 SL 409.8 415/419/425
BUY VOLTAS SL 186.40 TGT 188/189/194
BUY IDFC SL 173.60 TGT 175.75/177.85/179
BUY INDIAN BANK CMP 185.15 SL 184.6 TGT 187/189/190.80

POSITIONAL TRADES
BUY ABRILANUVO CMP 957 SL 953 TGT 973/994/1009
BUY HDFC CMP 2838.35 SL 2830 TGT 2875/2896/2917/2942
BUY RIIL CMP 906.70 TGT 1100/1200/1330
BUY RELINFRA CMP 1101.55 1222/1258
BUY INDIABULLS FINANCIAL CMP 126.90 TGT 140/165/175
BUY MAHA SEAMLESS TGT 425/475
BUY TATA CHEMICALS TGT 356 (SHORT TERM)

INTRADAY TIPS FOR 09 APRIL 2010

GOOD MORNING!!!

KEY BENCHMARK INDICES SLUMPED DOWN ON WEAKNESS IN THE GLOBAL MARKETS AND PROFIT TAKING AFTER A THREE MONTH NON STOP RALLY FURTHER MARKETS GOT WEAKER WHEN THE INFLATION DATA WAS RELEASED ON THE SURGE IN FOOD INFLATION FROM 16.35% TO 17.70% MARKET GOT WEAKENED FURTHER, THIS MAY PUT PRESSURE ON RESERVE BANK OF INDIA TO REVIEW ITS MONETARY POLICY WHICH IS SCHEDULED ON 20 APRIL 2010, ON THIS NOTE AUTO AND BANKING STOCKS FELL. THE BREADTH OF THE MARKET TURNED NEGATIVE. STOCK SPECIFIC ACTIVITY WILL RULE IN THE MARKET IN THE NEAR TERM BASED ON THE EXPECTATIONS OF Q4 AS THERE ARE GOOD EXPECTATIONS OF FOURTH QUARTER RESULT AND HEAVY FOREIGN FUND INFLOWS AND RELEASE OF MONSOON REPORT BY METEOROLOGICAL DEPARTMENT THESE ARE TWO MAIN TRIGGER IN THE MARKET WHICH MAY LIKELY TO CONTAIN THE MARKET FROM DROPPING DOWN.

TODAY MARKET IF TRADES BELOW 5290 THEN LIKELY TO COME DOWN TO 5275 AND BREAK BELOW THIS LEVEL WOULD BE 5245 LEVELS AND ANY FURTHER WEAKNESS WOULD DRIFT DOWN NIFTY TO 5205 WHICH IS KEY ZONE FOR NIFTY TO HOLD IN THE NEAR TERM ANY BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO MUCH LOWER. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5315 LIKELY TO GO UP TO 5342 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5370 LEVELS AND CLOSE ABOVE 5342 WOULD TAKE NIFTY TO NEW HIGHS OF THE YEAR. TODAY WE MAY SEE LOT OF ACTIVITY AND VOLATILITY IN TELECOM SHARE AHEAD OF 3G AUCTION TODAY.
POSITIVE STOCKS: VOLTAS, PHOENIX MILLS, KSK ENERGY, BPCL, VIPIND, SOBHA, VENKEYS, CARBORUNIV, IGL, TATA COFFEE.
WEAK STOCKS: CAIRN, HINDOILEXP, ONGC
BUY ESSAROIL SL 148.5 TGT 153/155/159
BUY SESAGOA SL 484 TGT 494/497/500
BUY JAICORPLTD SL 278 TGT 289/294/299
BUY STER SL 859 TGT 872/876/880
BUY RIIL SL 887 TGT 917/930/954
BUY MPHASIS SL 646 TGT 658/665/672
BUY DABUR SL 169 TGT 172/173.75/175.4
POSITIONAL TRADES
BUY SHREE PRECOATED STEELS LTD CMP 17 TGT 27/54/67

INTRADAY TIPS FOR 08 APRIL 2010

GOOD MORNING!!!

MOST IMPORTANT DRIVE IN THE MARKET WAS NOTHING OTHER THAN VOLATILITY WHICH AS RULED THE ROOST AFTER TOUCHING THE PSYCHOLOGICAL FIGURE OF 18000 IN SENSEX AND NEAR TO 5400 IN NIFTY. MARKET MOVED IN A VERY NARROW RANGE IN THE ENTIRE DAY. REALTY STOCKS GAINED. AUTO STOCKS ALSO ROSE ON THE BACK OF ROBUST MARCH 2010 SALES FIGURES. CAPITAL GOODS STOCKS GAINED AND FMCG SHARES DECLINED ON PROFIT TAKING. THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET, WAS STRONG. IT STOCKS DECLINED ON A RECENT SURGE IN RUPEE AGAINST THE DOLLAR. IN THE NEAR TERM WE MAY SEE STOCK SPECIFIC ACTION TO RULE THE ROOST OF THE MARKET ON EXPECTATIONS OF Q4 MARCH 2010 RESULTS.

TODAY MARKET LOOKS FLAT BUT THE MARKETS ARE AT KEY ZONE ONE HAS TO WATCH OUT CAREFULLY ON THE LEVELS FOR TRADING ON INTRADAY PERSPECTIVE, IF NIFTY TRADES ABOVE 5397 ONLY THEN ONE IS ADVISED TO GO LONG ON INTRADAY BASIS FOR A TARGET OF 5440 LEVELS AND BREAK ABOVE WOULD TAKE TO 5535 LEVELS ON POSITIONAL FRONT. AND ON THE DOWNSIDE IF NIFTY TRADES 5360 THEN LIKELY TO COME DOWN TO 5340 AND THEN TO 5305 LEVELS ANY CLOSE BELOW 5300 WOULD BE WEAK. WE MAY SEE STOCK SPECIFIC ACTIVITY MOVING FROM HERE ON. POWER STOCKS LOOKING GOOD.

BUY RPOWER SL 154.9 TGT 161/163/165
BUY POWER GRID SL 109 TGT 111/114/116
SELL GMRINFRA SL 61.6 TGT 59.4/58.7/57

INTRADAY TIPS FOR 07 APRIL 2010

GOOD MORNING!!!

KEY INDICES EDGED HIGHER IN THE EARLY TRADE ON BUYING IN THE INDEX PIVOTALS. THOUGH TRADING WAS RANGE BOUND AS STOCKS ARE IN THE PHASE OF CONSOLIDATION AS MARKETS HAVE RALLIED IN THE RECENT PAST. YESTERDAY AFTER INDICES HIT THE HIGHS OF 25 MONTHS THERE WAS SOME PROFIT BOOKING CROPPED IN THE VOLUMES WERE NOT THAT HIGH IN THE NIFTY AND THE DAY WAS IN A VERY NARROW RANGE, MARKET WAS ALL IN ALL VERY RANGE BOUND BUT BREADTH OF THE MARKET REMAINED STRONG.

TODAY MARKETS MAY OPEN POSITIVE TO FLAT AND WOULD REMAIN RANGE BOUND UNTIL THE SPECIFIED LEVELS ARE CROSSED. IF NIFTY TRADES ABOVE 5400 THEN LIKELY TO MOVE UP TO 5440 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5500 LEVELS ANY CLOSING ABOVE 5400 IS CONSIDERED TO BE VERY GOOD AND LIKELY TO TEST 5500 LEVELS VERY SOON. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5338 THEN LIKELY TO COME DOWN TO 5302 LEVELS AND ANY BREAK BELOW THIS LEVEL WOULD DRAG TO 5270 AND CLOSING BELOW 5270 IS CONSIDERED TO BE WEAK AND FURTHER WEAKNESS WILL CROP IN BELOW THIS LEVEL ONE IS ADVISED TO EXIT LONGS IF NIFTY CLOSES BELOW 5270.

BUY ASSAM COMPANY SL 22.90 TGT 25/ 25.75/26.5
BUY RNRL SL 64 TGT 68/69/70
BUY KFA SL 47 TGT 49.8/50.9/52
BUY TATASTEEL SL 684 TGT 692/695/699

POSITIONAL CALLS
BUY ASSAM COMPANY TGT 30 SHORT TERM

INTRADAY TIPS FOR 06 APRIL 2010

GOOD MORNING!!!
HEAVY CONTINUAL SUSTAINED BUYING IN ALL THE FRONT END STOCKS LIFTED THE INDICES TO THE NEW HIGHS OF 25 MONTHS. GLOBAL INDICES ALSO ON A VERY BULLISH NOTE, US MARKETS ARE AT 18 MONTH HIGH AND ASIAN MARKETS AT 19 MONTH HIGH. MARKET OPENED POSITIVE ON THE GLOBAL CUES BUT COULDN’T SUSTAINED THE FIRM OPENING, IT CAME OFF FROM THE OPENING HIGH AND MARKET RETESTED THE HIGHER LEVELS BY NOON AND AGAIN GAVE OFF AFTER FORMING A DOUBLE TOP AND LATER IN THE LATE AFTERNOON TRADE IN THE CLOSING BELL MARKET TOOK OFF TO THE NEW HIGHS SURPASSING ALL THE BARRIERS IN THE INDICES OF 25 MONTHS.THE MARKET BREADTH WAS STRONG. WITH MONTHLY SALES OF AUTO FIRMS OUTPERFORMING AUTO STOCKS WERE IN DEMAND. METAL STOCKS ROSE ON FIRM CLOSING AT LME PREVIOUS CLOSING. IT STOCKS DECLINED IN VOLATILE TRADE ON A FIRM RUPEE.

TODAY MARKET LOOKS POSITIVE, AS NIFTY TRADED WITH GOOD VOLUMES YESTERDAY AND MARKET CLOSED ON HIGHER HIGHS OF THE DAY LIKELY TO OPEN POSITIVE. IF NIFTY TRADES ABOVE 5370 LIKELY TO TOUCH 5400 LEVELS WHERE YOU FIND GOOD RESISTANCE BUT IF NIFTY MANAGES TO CROSS 5400 LEVELS THEN WE CAN SEE NIFTY TO MOVE FURTHER HIGHS AND WILL MANAGE TO GIVE GOOD SHOW EVEN ON THE RESULTS FRONT AS THE ADVANCED TAX PAYEMENTS WERE BEYOND EXPECTATIONS, LIKELY TO MOVE UP FURTHER ON THE RESULTS. ANOTHER MAJOR TRIGGER FOR MARKETS IS MANSOON REPORT LIKELY TO BE ANNOUNCED IN THE NEXT WEEK WHICH WILL ACT AS A KEY TRIGGER ANY POSITIVE NEWS WOULD TRIG MARKET TO 5600 LEVELS ALONG WITH THE RESULTS. ON THE NEGATIVE SIDE IF NIFTY TRADES 5342 THEN LIKELY TO MAKE A DIP TO 5324 LEVELS AND ANY BREAK WOULD MAKE NIFTY TO DRIFT DOWN TO 5302 LEVELS AND IF NIFTY DOES NOT MANAGE TO HOLD THIS LEVEL THEN MAY SEE FURTHER DOWNFALL TO 5276 LEVELS, ANY CLOSING BELOW 5300 IS CONSIDERED TO BE WEAK ON SHORT TERM.

POSITIVE STOCKS: ALBK, RAYMOND, HDIL, UNITECH, BAJAJ AUTO, BANK OF BARODA, BANK INDIA, BHARTI, BHEL, GSPL, RCOM, BIOCON, BHUSHAN STEEL

BUY ABIRLA NUVO SL 914 TGT 934/946/962*
BUY NAGARCONST SL 172 TGT 178/182/184*
BUY PRAJ SL 88 TGT 92/94/96
BUY JUBLFOOD SL 349 TGT 400/424/450
BUY DLF SL 319 TGT 329/335/339
BUY RELIANCE SL 1118 TGT 1138/1142/ 114
BUY IBREALEST SL 151.90 TGT 162/164/168
POSITIONAL TRADES
BUY HDFC TGT 2885 CMP 2789

INTRADAY TIPS FOR 05 APRIL 2010

GOOD MORNING!!!

WITH THE SPIKE IN INDICIES AND BUILDUP OF FRESH POSITIONS ON THE FIRST FINANCIAL DAY OF THE YEAR INDICIES REGAINED THE PREVIOUS TWO DAYS SLIDE. MARKET GAINED STRENGTH IN THE EARLY TRADE AND SLIPPED A LITTLE DURING THE DATA OF SLOW DOWN OF MANUFACTURING GROWTH FROM THE PREVIOUS MONTH AND HAS REGAINED STRENGTH WITH THE FIRM GLOBAL INDICIES. MARKET BREADTH WAS STRONG AND IT STOCKS WERE ON BARGAIN HUNTING AFTER A RECENT FALL WITH THE RUPEE GETTING STRONGER OVER DOLLAR AND AHEAD OF Q4 IT STOCKS REGAINED STRENGTH. BANKING, METALS, INFRASTRUCTURE AND CAPITAL GOODS STOCKS ROSE ALONG WITH RELIANCE ON EXPECTATION OF ROBUST Q4 EARNINGS.

TODAY MARKETS LOOKS POSITIVE ON GLOBAL CUES WITH ALL MOST ALL THE ASIAN MARKETS TRADING IN POSITIVE ZONE. IF NIFTY TRADES ABOVE 5315 THEN WE MAY HEAD UPWARDS TO 5339 AND TRADE ABOVE THIS WOULD TAKE NIFTY TO 5368 AND ANY TRADE ABOVE THIS POINT WOULD TOUCH NIFTY TO 5400 LEVELS AND ON THE DOWN SIDE IF NIFTY TRADES BELOW 5302 THEN LIKELY TO DECLINE TO 5276 AND ANY TRADE BELOW THIS POINT WOULD DRAG NIFTY DOWN TO 5244 LEVELS AND ANY BREAK BELOW THIS LEVEL WOULD DRIFT DOWN TO 5205 AND CLOSE BELOW THIS POINT IS CONSIDERED TO BE WEAK AND ON IS ADVISED TO STAY SHORT BELOW THIS POINT.

POSITIVE STOCKS: EDUCOMP, JAICORPLTD, SUBHASH PROJECTS, BHARTISHIP, JP ASSOCIATES AND AGEE GOLD.

BUY UNION BANK SL 299 TGT 304/309/314
BUY MAYTASINFR SL 179.9 TGT 215/225/253
BUY HINDOILEXP SL 228 TGT 258/268/294
BUY RECLTD SL 254 TGT 263/269/274
BUY ESCORTS SL 159 TGT 174/179/184
BUY JINDALSAW SL 214 TGT 224/227/229
BUY CROMPGREAV SL 269 TGT 279/284/287
BUY RELINFRA SL 838 TGT 880/913/942
BUY PUNJLLOYD SL 175 TGT 182/188/196

POSITIONAL TRADES
BUY TOURISM FINANCE CORP @ 28 TGT 30/32
BUY UNI ABEX ALLOYS LTD *** (MUST BUY AND JUST HOLD) CMP 170
BUY INDRAPRASTHA MEDICAL CORP @ 46.35 TGT 58
BUY MSK PROJECTS TGT 220