INTRADAY TIPS FOR 23 APRIL 2010

GOOD MORNING!!!
INDICES INITIALLY FOLLOWED THE PATH OF ASIAN STOCKS AND SLIPPED IN THE NEGATIVE ZONE AND TURNED BACK INTO POSITIVE ZONE SOON AFTER THE INITIAL SLIDE MARKET SLOWLY AND PROGRESSIVELY RECOVERED WITH GOOD VOLUMES AND NEW INTRADAY HIGHS. THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET, WEAKENED SUBSTANTIALLY IN LATE TRADE WHEN COMPARED TO A STRONG BREADTH IN MID-AFTERNOON TRADE. IT, CAPITAL GOODS, REALTY AND METALSTOCKS FELL BUT OVERALL HEALTH OF THE MARKET STILL STRONG. THE MARKETS VOLTALITY WAS UNIDIRECTIONAL IN THE MORNING AND AFTERNOON, IT WENT UP BY 80 POINTS AND THEN CAME DOWN BY 60 POINTS AND CLOSED AT 24 POINTS ON THE UPSIDE. ALL MOST ALL THE SECTORAL INDICIES ENDED IN GREED.

ON RESULT FRONT WE HAVE 3I INFOTECH, AREVA T&D, BINANI CEMENT, BINANI INDS, CORPORATION BANK, GLAXOSMITHKL CONS, GMR INDS, MAHINDRA LIFESPACE, MERCK, MMTC, PANTALOON, PROCTER & GAMBLE, RIL ARE SOME OF THE FEW COMPANIES TO ANNOUNCE TODAY.

NIFTY TO OPEN IN GREEN AND IF CROSSES 5280 THEN LIKELY TO GO UP TO 5316 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKE IT TO 5340 LEVELS AND ANY UPSIDE BREAK FROM THIS ZONE WOULD TAKE NIFTY TO 5390 LEVELS. ON THE DOWN SIDE IF NIFTY TRADES BELOW 5226 THEN LIKELY TO COME DOWN TO 5205 AND THEN TO 5160 LEVELS. BREACH OF 5160 WOULD DRAG NIFTY TO NEW LOWS. MARKET TO REMAIN STILL STOCK SPECIFIC MOVES A HEAD OF Q4 RESULTS.

IMPORTANT NOTE MARKET AT CRUCIAL JUNCTURE STAY VERY CAUTIOUS AT THIS MOMENT AND REMAIN WITH CASH TO SOME EXTENT. IN THE OPENING TRY TO EXIT STOCKS IN PROFIT AND STAY WITH MINIMUM INVESTMENT IN THE MARKET ONLY ON THE UPPER BREAKOUT ONE CAN PLAN AND THINK OF INVESTMENT. ANY RECOMMENDATION GIVEN IN THIS BLOG HAS TO BE FOLLOWED IN THE FOLLOWING MANNER BUY ANY STOCK WITH STOPLOSS AND WHEN IT REACHES THE FIRST TARGET MOVE YOUR STOPLOSS TO YOUR BUY PRICE AND BOOK 50% AND WHEN IT MOVES TO THE SECOND TARGET BOOK 50% IN THE REMAINING AND MOVE YOUR STOPLOSS TO FIRST TARGET AND THEN BOOK EVERYTHING IN THE THIRD TARGET. TODAY WHEN MARKET OPENS POSITIVE JUST ADD SOME PUTS TO YOUR PORTFOLIO AS MARKET LOOKS LITTLE HAZY AT THIS JUNCTURE WITH THE CONCERNS ALL OVER THE WORLD

BUY RIL SL 1060 TGT 1092/1100/1100
BUY MAYTAS INFRA SL 201 TGT 210/212/214
BUY SBIN SL 2204 TGT 2227/2240/2250
BUY RCOM SL 168.9 TGT 171/173/175
BUY HINDOILEXP SL 247 TGT 253/255/260
BUY BANKINDIA SL 370 TGT 375/378/380

INTRADAY TIPS FOR 22 APRIL 2010

GOOD MORNING!!!

MARKETS EXTENDED PREVIOUS DAYS GAINS, IN THE OPENING MARKET TOOK-OFF AND GAVE A FIRM START AFTER THE INITIAL SURGE IN THE MARKETS IT LIVED IN THE NARROW RANGE BAND QUITE FOR SOMETIME AND THE STARTED TO REACT ON PROFIT BOOKING AND SLIPPED INTO RED TO HIT A FRESH INTRADAY LOW IN THE AFTERNOON TRADE AND THERE AFTER IT MOVED ON BOTH POSITIVE AND NEGATIVE TERRAIN AND ENDING IN A FLAT NOTE. MARKET BREADTH WAS STRONG AND POSITIVE ON ACCOUNT OF GOOD BUYING IN SMALL AND MID CAP SEGMENT.
ON RESULT CORNER WE HAVE ACC, AMBUJA CEMENTS, BIRLA CORP, ESCORTS, M&M FIN, SASKEN COMMUNICATIONS, COROMANDAL INTL, STERLITE TECH, STAR, TATA SPONGE AND WIPRO TO ANNOUNCE THEIR NUMBERS WE MAY SEE THESE TO HAVE HIGH VOLATILITY IN TODAYS TRADE.
TODAY MARKET WOULD REMAIN IN A NARROW RANGE, NIFTY MAY OPEN NEGATIVE TO FLAT AND WOULD REMAIN IN THIS ZONE UNLESS AND UNTIL IT BREACHES THE BELOW LEVELS SPECIFIED. IF NIFTY TRADES BELOW 5226 LIKELY TO DIP DOWN TO 5209 AND BREAK BELOW THIS LEVEL WOULD COME DOWN TO 5090 AND ANY DOWNSIDE WILL TAKE IT TO 5060 AND ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5255 THEN WOULD TAKE NIFTY TO FURTHER HIGHS OF 5286 AND ABOVE THIS POINT WOULD TAKE TO 5315 ANY TRADE ABOVE THIS POINTS IS AGAIN A GOOD SIGN FOR THE MARKETS FOR THE NEAR TERM.

BUY IBREALEST ABOVE 175 SL 173.9 TGT 177.5/179.6/182
BUY AXISBANK ABOVE 1241 SL 1234 TGT 1254/1269/1278
BUY HCLTECH ABOVE 374 SL 370 TGT 380/388/393
BUY POLARIS ABOVE 186 SL 185 TGT 188.4/190/191.5
BUY RPOWER SL 158.8 TGT 161/163/166
BUY JETAIRWAYS SL 541 TGT 552/558/568

POSITIONAL TRADES
BUY INBIABULLS REALESTATE TGT 191/215

INTRADAY TIPS FOR 21 APRIL 2010

GOOD MORNING!!!

INDICES PARED GAINS IN THE MID-AFTERNOON AFTER AN INITIAL SURGE FOLLOWED BY FAVOURABLE ANNOUNCEMENT FROM RBI ON MONETARY POLICY REVIEW, AFTER A SMALL HIKE IN REPO RATE, REVERSE REPO RATE AND CRR BY 25 BASIS POINTS EACH INVESTORS HEAVED A SIGN OF RELIEF AND MARKET HAS BOUNCED 25 POINTS IN JUST A MATTER OF MINUTES AFTER THE ANNOUNCEMENT WAS MADE. THOUGH THERE WAS SLIDE OF 30 POINTS FROM DAY HIGH ON PROFIT BOOKING NOTE AT THE LATE HOUR OF TRADE MARKET STILL REMAINED FIRM AND POSITIVE, OVERALL HEALTH OF THE MARKET WAS VERY STRONG.

Q4 RESULTS OF MAJOR STOCKS TO BE ANNOUNCED TODAY: HCL TECH, HINDUSTAN ZINC, INFOTECH ENTERPRISES, PIRAMAL HEALTH, POLARIS SOFT, TVS MOTORS AND UNITED SPIRITS.

TODAY MARKET WOULD OPEN POSITIVE AND WOULD REMAIN IN A TIGHT RANGE BOUND UNLESS AND UNTIL MARKET CROSS BELOW MENTIONED RANGES IN NIFTY ON THE UPSIDE 5255 AND ON THE DOWNSIDE 5198 IF THIS TWO LEVELS ARE BREACHED THEN YOU CAN SEE NIFTY TO GIVE CLEAR TREND UNTIL THEN IT IS NO TRADING ZONE. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5255 LIKELY TO MAKE A NEXT MOVE TO 5275 LEVEL AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5300 LEVEL AND ANY CLOSE ABOVE 5258 IS A POSITIVE CLOSING AND LIKELY TO TAKE TO NEW HIGHS. ON THE DOWNSIDE IF NIFTY TRADES BELOW 5198 LIKELY TO DRAG DOWN TO 5170 LEVELS AND BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5150 WHICH IS LIKELY TO ACT AS A VERY CRUCIAL ZONE OF SUPPORT. WE MAY SEE STOCK SPECIFIC MOVE IN THE NEAR TERM AND MARKET WOULD HAVE A HIGH RANGE OF VOLATALITY AHEAD OF RESULT.

BUY SBIN SL 2092 TGT 2128/2147/2156
BUY AXISBANK SL 1182 TGT 1197/1207/1218.5
BUY BOMDYEING SL 602 TGT 624/639/648
BUY MCDOWELL-N SL 1240 TGT 1263/1274/1290
BUY GESHIP SL 329.90 TGT 340/344/353
BUY STAR SL 359.4 TGT 373/380/391
BUY GSPL SL 91 TGT 96/98/100
POSITIONAL TRADES
BUY PIRHEALTH TGT 585 (MEDIUM TERM)
BUY SARDAEN TGT 362/400 (MEDIUM TERM)

INTRADAY TIPS FOR 20 APRIL 2010

GOOD MORNING!!!

CHARGES OF FRAUD AGAINST US INVESTMENT BANK GOLDMAN SACHS HAS PAVED WAY FOR THE FIFTH STRAIGHT DAY DECLINE, THIS FRAUD HAS FUMBLED THE GLOBAL STOCKS. MARKETS OPENED NEGATIVE AND TRADED IN NARROW RANGE BOUND AND MOVED IN THE MID AFTERNOON ON A VERY FAST NOTE AND RECOVERED AROUND 60 POINTS BUT THE RECOVERY PROVED SHORT LIVED AND AGAIN IT SLIPPED BACK AND GAVE UP 20 POINTS AND CLOSED AT AROUND 60 POINTS ON NEGATIVE SIDE. BUT ALL IN ALL MARKET HAS DIGESTED THE GOLDMAN SACHS ISSUE WITH NO MUCH OF MASSACRE, THIS ALSO INDICATES THE MARKET STRENGTH. THE KEY ISSUE AND TRIGGER FOR MARKET IS MONETORY POLICY WHICH IS EXPECTED TO BE AT 12 NOON TODAY, WHICH WILL BE KEY FOR THE NEAR TERM TREND IN THE MARKETS.

TODAY MARKETS MAY OPEN FLAT TO POSITIVE AND WOULD REMAIN RANGE BOUND IN THE INITIAL TRADE AND THERE WOULD BE HUGE VOLATALITY BEFORE AND AFTER THE MONETARY POLICY. TODAY IF NIFTY TRADES ABOVE 5226 THEN ONE CAN NIFTY TO MOVE UP TO 5263 LEVELS AND TRADE ABOVE THIS POINT WOULD TAKE NIFTY TO 5300 AND TRADE ABOVE THIS POINT WOULD TAKE NIFTY TO NEW HIGHS AND ANY CLOSE ABOVE 5300 ADVISED TO GO LONGS AND ONE WOULD SEE NEW HIGHS IN THE MARKETS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5185 THEN LIKELY TO COME DOWN TO 5157 AND BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5126 AND ANY BREAK AND CLOSE BELOW 5126 LEVEL IS CONSIDERED TO BE WEAK AND WOULD DRIFT DOWN NIFTY TO 5060 LEVELS. TODAY WE MAY WITNESS BANKING STOCKS TO HAVE A SIGNIFICANT VOLATALITY IN THE MARKETS AHEAD OF MONETORY POLICY.

BUY ALBK SL 158 TGT 163/166/169
BUY ABB SL 845 TGT 862/866/871
BUY KNRCON SL 194 TGT 203/208/216
BUY JISLJALEQS SL 1079 TGT 1125/1157/1176

INTRADAY TIPS FOR 19 APRIL 2010

GOOD MORNING!!!

INTENSE VOLATILITY WAS WITNESSED IN LAST TRADING SESSION, LOWER GLOBAL STOCKS AND A LIKELY INCREASE IN KEY SHORT-TERM INTEREST RATES BY THE RESERVE BANK OF INDIA (RBI) AT A POLICY REVIEW THIS WEEK, WEIGHED ON INVESTOR SENTIMENT. INTRADAY VOLATILITY WAS IMMENSE. STOCKS CUT LOSSES SOON AFTER AN INITIAL SLIDE CAUSED BY WEAK ASIAN STOCKS BUT COULD NOT WITHSTAND THE GAINS AFTER WEAK OPENING OF EUROPEAN MARKETS, WHICH KEPT DOMESTIC BOURSES DEPRESSED IN AFTERNOON TRADE. STOCKS EXTENDED LOSSES LATER. A SUDDEN REBOUND SAW THE INDICES BRIEFLY REGAINING POSITIVE ZONE IN MID-AFTERNOON FOR A BRIEF PERIOD OF TIME BUT THE MARKET AGAIN SLIPPED INTO THE RED MAKING THE OVERALL HEALTH OF THE MARKET VERY WEAK.

TODAY MARKETS WOULD OPEN RED WITH GOLDMAN SACHS FRAUD WHICH MADE ALL THE WORLD EQUITIES TO SLIDE, THIS WOULD MAKE OUR MARKETS TO OPEN HUGE GAP DOWN OF AROUND 80 TO 100 POINTS AND WOULD TAKE CRUCIAL SUPPORT AT 5150 LEVELS. THOUGH GOLDMAN SACHS EFFECT IS NOT DIRECT TO US AS IT WOULD MAKE NO DIFFERENCE TO OUR MARKETS ONLY ON THE GLOBAL WORRIES MARKET MAY HAVE LITTLE IMPACT OF IT AND CAN SLIDE IN TODAY TRADE AND THE ONLY EFFECT THIS WOULD HAVE ON OUR MARKETS IS STOCK SPECIFIC COUNTERS WHERE GOLDMAN SACHS HAS INVESTED MAY START DECLINING. COMPANIES LIKE LIC, EDUCOMP, CESE, LANCO AND FEW OTHER. TODAY IF NIFTY TRADES BELOW 5200 WOULD LIKELY TO COME DOWN TO 5170 AND THEN TO 5150. RISKY TRADERS CAN TAKE LONG POSITION BY GOING LONG AT 5150 TO 5170 LEVELS WITH A STOPLOSS OF 5126. UPSIDE CHANCES OF NIFTY ARE REMOTE WE CAN SEE SOME BUYING ONLY ABOVE 5205 LEVELS.
SOME POSITIVE COUNTERS: UNITECH, SESAGOA, IBREAL, GE SHIPPING, TITAN, BAJAJ AUTOFIN AND JINDAL SOUTH WEST HOLDING.

SELL LIC HSG SL 852 TGT 838/827/800*
SELL LANCO INFRA SL 58 TGT 54/50/45*
SELL EDUCOMP 736 TGT 707/676/650*
SELL ICICI BANK SL 926 TGT 910/900/890
BUY MSK PROJECTS WHEN MARKET DECLINES AROUND 155 TO 158 WITH SL 150 TGT 168/175/180.

KEEP A CLOSE WATCH ON THE ABOVE POSITIVE STOCKS MENTIONED DURING MARKET DECLINE FOR BUYING WITH STRICT STOPLOSS.

INTRADAY TIPS FOR 16 APRIL 2010

GOOD MORNING!!!
STRONG SLIDE IN THE MARKET HITTING FRESH INTRADAY LOWS ON PROFIT TAKING AFTER A FEW MONTHS RALLY. INITIALLY MARKET HAD A VERY GOOD AND STRONG OPENING BUT COULD NOT SUSTAIN FOR MUCH LONGER. MARKET UNTIL MID AFTERNOON WAS VERY RANGE BOUND BUT HAS ENDED IN RED ON PROFIT BOOKING THOUGH CAPITAL GOODS, FMCG STOCKS HAVE DECLINED ALONG WITH BANKING. ON THE MACRO FRONT, INFLATION DATA ROSE LESS THAN EXPECTED, IT WAS JUST HIGHER BY .01% FROM PREVIOUS MONTH. IT WAS 9.89% IN FEBRUARY AND IT IS 9.9% IN MARCH 2010 AS PER THE LATEST DATA. OVERALL HEALTH OF THE MARKET REMAINED STRONG.

TODAY MARKET WOULD OPEN NEGATIVE AND NIFTY LIKELY TO TEST 5245 LEVELS AND BREAK BELOW THIS POINT WOULD DRAG NIFTY TO 5205 WHICH IS A KEY SUPPORT ANY BREAK BELOW THIS POINT WOULD MAKE NIFTY MUCH WEAKER AND CAN TOUCH 5205 LEVELS BUT IF NIFTY BREAKS 5200 AND CLOSES THEN LIKELY TO NOSE DIVE TO 5131 LEVELS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5292 THEN LIKELY TO MOVE UP TO 5318 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5348 LEVELS ANY POSITIVE TRADING ABOVE 5348 WOULD TAKE NIFTY TO 5414. WE MAY SEE A VERY STOCK SPECIFIC ACTIVITY IN COMING DAYS ON ACCOUNT OF Q4 RESULT.

BUY DIVISLABS SL 715 TGT 725/731/741
BUY SARDA ENERGY AND MIN LTD SL 254.5 TGT 260.4/278/284
BUY NIITTECH SL 180 TGT 183.8/186/190 S
BUY TAJGVK SL 165.5 TGT 170/173/175
BUY DABUR SL 178 TGT 180/181/182.75
BUY ROLTA ABOVE 190 SL 187 TGT 193/196/198
BUY CENTURY TEXTILES ABOVE 541 SL 535 TGT 547/552/560

INTRADAY TIPS FOR 15 APRIL 2010

GOOD MORNING!!!
MARKET WAS VOLATILE IN THE LAST TRADING SESSION IT EXTENDED LOSSES INITIALLY AND HAS RECORDED INTRADAY LOW IN THE MORNING SESSION ON WEAK ASIAN STOCKS, HOWEVER INFOSYS GAINED ON A STRONGER REVENUE GUIDANCE IN DOLLAR TERMS IT HAS PAVED PATH FOR MARKETS TO RAISE AND CAME OFF FROM DAYS LOW. MEANWHILE, THE STOCK MARKET HEAVED A SIGH OF RELIEF AS THE GOVERNMENT HAS BROKERED A TRUCE BETWEEN THE TWO WARRING FINANCIAL SECTOR REGULATORS -- THE SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI) AND INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA (IRDA) -- OVER THE SUPERVISION OF UNIT-LINKED INSURANCE PLANS (ULIPS), SIGNALLING A RETURN TO NORMAL BUSINESS FOR THE INSURANCE INDUSTRY. ULIPS ARE PRODUCTS SIMILAR TO MUTUAL FUNDS WITH AN ADDED LIFE COVER. A LARGE CHUNK OF FUNDS RAISED THROUGH ULIPS ARE INVESTED IN EQUITIES. ON MONDAY, AFTER SEVERAL ROUNDS OF TALKS, THE GOVERNMENT MANAGED TO PERSUADE BOTH THE REGULATORS -- SEBI AND IRDA -- TO SEEK A LEGAL MANDATE FROM A COURT ON OVERSIGHT OF ULIPS. FOLLOWING A MEETING BETWEEN THE CHIEFS OF SEBI AND IRDA AND SENIOR FINANCE MINISTRY OFFICIALS, BOTH THE REGULATORS HAVE DECIDED TO RESTORE STATUS QUO AND KEEP IN ABEYANCE THE ORDERS ISSUED BY BOTH LAST WEEKEND. ON FRIDAY 9 APRIL 2010, SEBI HAD BARRED 14 INSURANCE FIRMS FROM SELLING ULIPS WITHOUT ITS APPROVAL, TO WHICH IRDA REACTED THE NEXT DAY BY DIRECTING INSURERS TO IGNORE THE ORDER.

TODAY NIFTY WOULD OPEN ON POSITIVE BIAS. IF NIFTY TRADES ABOVE 5340 THEN LIKELY TO MOVE UP TO 5366 AND TRADE ABBOVE THIS POINT WOULD TAKE NIFTY TO 5390 LEVELS AND ANY CLOSE ABOVE 5390 IS CONSIDERED TO BE BULLISH IN THE NEAR TERM AND CAN EVEN ENTER INTO STOCK SPECIFIC LONGS. AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5317 THEN LIKELY TO COME DOWN TO 5290 LEVELS AND ANY BREAK BELOW THIS POINT WOULD DRAG DOWN NIFTY TO 5250 LEVELS AND ANY CLOSE BELOW 5290 IS CONSIDERED TO BE WEAK AND TRY TO STAY AWAY FROM FRESH LONGS AND DONT INITIATE FRESH POSITIONS AND TRY TO BE IN CASH.

NO RECOS FOR THE DAY