INTRADAY TIPS FOR 03 MAY 2010

GOOD MORNING!!!
KEY INDICES PARED GAINS IN LATE TRADE AS EUROPEAN STOCKS DECLINED IN VOLATILE TRADE ON UNEASE OVER EURO ZONE SOVEREIGN DEBT LEVELS. THE LOK SABHA ON THURSDAY PASSED THE FINANCE BILL 2010 WITH SOME MINOR CHANGES IN TAX PROPOSALS. THE GOVERNMENT HAS PLEDGED TO CUT THE FISCAL DEFICIT, PROMISED INCREASE SPENDING ON INFRASTRUCTURE AND ANNOUNCED CHANGES IN PERSONAL INCOME TAX SLABS FOR INDIVIDUALS IN THE UNION BUDGET 2010-2011. IN THE FUTURES & OPTIONS SEGMENT, A GOOD AMOUNT OF ROLLOVER OF POSITIONS WAS WITNESSED FROM APRIL TO MAY. THE MARKET BREADTH WAS STRONG. EXCEPT THE METAL INDEX, ALL OTHER SECTORAL INDICES ON THE BSE WERE IN GREEN. METAL STOCKS DECLINED, MIRRORING FALL IN THE COMMODITY PRICES ON THE LONDON METAL EXCHANGE ON 29 APRIL 2010. IT PIVOTALS SAW DIVERGENT TREND. MOST AUTO STOCKS ADVANCED AHEAD OF THE RELEASE OF APRIL 2010 MONTHLY SALES DATA NEXT WEEK. THE MARKET SURGED IN EARLY TRADE ON POSITIVE GLOBAL CUES. IT EXTENDED GAINS IN MORNING TRADE. THE MARKET PARED GAINS IN MID-MORNING TRADE ON PROFIT BOOKING IN SELECT PIVOTALS. THE MARKET REGAINED STRENGTH IN EARLY AFTERNOON TRADE. THE MARKET ONCE AGAIN PARED GAINS IN AFTERNOON TRADE. THE MARKET HELD POSITIVE ZONE IN MID-AFTERNOON TRADE, TRACKING GAINS IN EUROPEAN STOCKS. PROFIT BOOKING IN LATE TRADE AS EUROPEAN MARKETS DECLINED IN VOLATILE TRADE

TODAY NIFTY MAY OPEN NEGATIVE AND IF NIFTY TRADES BELOW 5255 THEN IT IS LIKELY TO COME DOWN TO 5226 AND BREACH BELOW THIS LEVEL WOULD TAKE NIFTY TO 5200 AND IF NIFTY SUSTAINS BELOW 5192 LEVEL THEN LIKELY TO TAKE SUPPORT AT 5160 AND ANY BREACH BELOW 5150 BEARS WOULD CAPTIVATE THE MARKET WHICH IS STILL HAZY AS OF NOW AS BULLS HAVE AN UPPER HAND IN THE MARKET. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5286 THEN LIKELY TO MAKE AN UPMOVE TO 5340 LEVELS AND ANY CLOSE ABOVE 5300 IS CONSIDERED TO BE BULLISH AND WE MAY SEE FURTHER UPMOVE FROM HERE ON. AND AS OF NOW THERE IS NO NEGATIVE SIGNS SEEN IN INDIAN MARKETS EXCEPT FOR THE REFLECTION OF GLOBAL CUES. WHEN NIFTY SLIDES THEN ONE CAN TAKE LONGS WITH SUPPORT LEVELS AS STOPLOSS AND IF THE SUPPORT BREAKS THEN TAKE POSITION AT LOWER LEVELS WITH THE NEXT SUPPORT. PETROLEUM STOCKS LOOKS GOOD.

BUY UNIPHOS SL 167 TGT 172/175/179
BUY ACC SL 899 TGT 910/918/928
BUY INDIABULLS SL 153 TGT 159/163/167
BUY FORTIS SL 169 TGT 174/177/179
POSITIONAL TRADES
BUY MUJAL SHOWA TGT 68/75
BUY GLENMARK TGT 283/300/340
BUY INDOWIND ENERGY 60/68

INTRADAY TIPS FOR 30 APRIL 2010

GOOD MORNING!!!

MARKETS HAVE BEEN IN A NARROW RANGE AND HELD ON THE POSITIVE NOTE ALMOST DURING THE ENTIRE DAY, THERE WAS MODEST BOUNCE BACK. IT WAS REALLY VERY TOUGH RESISTANCE FOR NIFTY TO CROSS 5255 LEVELS AS IT ATTEMPTED AROUND THREE TIMES BUT COULDN’T MAKE IT. THE GOOD US CUES ON FED'S STATEMENT ON SIGNS OF STRENGTH IN THE ECONOMY AND SIGN OF RECOVERY IN THE ASIAN PACK HAS LED THE DOMESTIC INDICES TO CARRY UP THEIR GAINS AS THE DAY ADVANCES, THE MARKET WAS VOLATILE AS TRADERS ROLLED OVER THEIR POSITIONS IN THE DERIVATIVE SEGMENTS FROM APIRL TO MAY SERIES AHEAD OF THE END OF THE APRIL CONTRACTS. BREADTH OF THE MARKET WAS STRONG.

TODAY MARKETS KICK STARTS ITS DAY WITH THE NEW CONTRACT FOR THIS MONTH. NIFTY MAY OPEN GAP UP ON GLOBAL RECOVERY AND MAY TRADE ABOVE 5270 ABOVE THIS POINT MARKETS WOULD TAKE NIFTY TO 5300 LEVELS AND ABOVE THIS LEVEL NIFTY WILL FACE A TOUGH RESISTANCE AT 5344 LEVELS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5225 THEN LIKELY TO MAKE A JOURNEY TOWARDS 5198 LEVELS AND TRADE BELOW THIS LEVEL WOULD TAKE IT TO 5160 LEVELS AND FURTHER WEAKNESS WOULD DRIVE MARKETS MUCH DOWNSIDE AND BEARS WOULD CAPTIVATE MARKETS BELOW 5150 LEVELS.

BUY YESBANK SL 291.9 TGT 298/303/306
BUY CAIRN SL 306 TGT 311.5/313.6/316
BUY NAGARCONST SL 187.4 TGT 191.6/194.3/199
BUY LICHSG SL 941 TGT 955/966/984
BUY JETAIRWAYS SL 525 TGT 540/550/566
BUY UFLEX SL 113.4 TGT 119/122/128
POSITIONAL TRADES
BUY JB CHEMICAL AND PHARMA TGT 100/120/140

INTRADAY TIPS FOR 29 APRIL 2010

GOOD MORNING!!!

INDICES EXTENDED LOSSES FOR THE SECOND STRAIGHT DAY AS WORLD STOCKS TUMBLED AS RATING DOWNGRADES ON GREECE AND PORTUGAL. METAL AND REALTY STOCKS LED THE DECLINE. ALL THE SECTORAL INDICES ON WERE IN THE RED. STOCKS WERE VOLATILE AS TRADERS ROLLED OVER POSITIONS IN THE DERIVATIVES SEGMENT TO THE NEXT MONTH AHEAD OF THE EXPIRY. THE Q4 MARCH 2010 CORPORATE EARNINGS ANNOUNCED SO FAR HAVE BEEN GOOD. THE COMBINED NET PROFIT OF A TOTAL OF 372 COMPANIES ROSE 27.6% TO RS 28545 CRORE ON 37.5% RISE IN SALES TO RS 241872 CRORE IN THE QUARTER ENDED MARCH 2010 OVER THE QUARTER ENDED MARCH 2009. THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET, WAS EXTREMELY WEAK.

TODAY MARKET LOOKS VERY VOLATILE AND WE MAY SEE STOCK SPECIFIC ACTIVITY AHEAD OF EXPIRY STAY VERY CAUTIOUS. IF NIFTY TRADES ABOVE 5226 THEN LIKELY TO MAKE AN UP MOVE UPTO 5255 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5270 LEVELS TRADE ABOVE THIS POINT WOULD TAKE NIFTY TO 5300 LEVELS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5206 THEN LIKELY TO DIP DOWN TO 5176 AND BREAK BELOW THIS POINT WOULD TAKE NIFTY TO 5100 ANY BREAK BELOW 5100 IS CONSIDERED TO BE VERY WEAK AND WOULD DECLINE FURTHER AS BEARS WILL COMPLETELY CAPITAVE THE MARKET.

BUY ITC SL 268 TGT 272/274/276
BUY PIRHEALTH SL 519 TGT 532/535/538
BUY SBIN SL 2219 TGT 2242/2258/2271
BUY BANKBARODA SL 684 TGT 690/694/699
BUY CUMMINSIND SL 527 TGT 548/559/563

NOTE: IF THE ABOVE RECOMMENDED STOCKS HITS THE STOPLOSS EXIT AND ABOVE STOPLOSS PRICE ONE CAN RE-ENTER WITH SAME STOPLOSS

INTRADAY TIPS FOR 28 APRIL 2010

GOOD MORNING!!!

WE HAVE WITNESSED A PHASE OF CONSOLIDATION AFTER FIVE CONSECUTIVE GAINING DAYS IN THE INDIAN EQUITY MARKETS. INDICIES WERE IN A NARROW RANGE THROUGHOUT THE DAY AFTER A STRONG RESISTANCE AND CLOSED MARGINALLY IN THE RED AT THE END OF THE DAY. WITH MOST OF THE ASIAN MARKETS ALONG WITH EUROPEAN MARKETS TRADING IN RED MARKETS HAVE SUCCUMBED TO LOT OF PRESSURE ON THE SECOND HALF OF THE MARKET.
TODAY MARKETS WOULD BLEED IN THE OPENING AND WOULD THEN RECOVER TO SOME EXTENT IN THE FORM OF RETRACEMENT AND MARKET STILL LOOKING STRONG AND HAS NOT COME INTO NEGATIVE ZONES SO WOULD ADVISE ALL THE INVESTORS AND TRADERS TO BE CAUTIOUS AND ESPECIALLY TRADERS ON INTRADAY PERSPECTIVE ARE ADVISED TO FOLLOW THE LEVELS METIONED BELOW. IF NIFTY TRADES BELOW 5255 LIKLEY TO DIP DOWN TO 5223 LEVELS AND IT WOULD TAKE SUPPORT AT THIS LEVEL AND THEN RETRACE, IF NIFTY DOESN’T TAKE SUPPORT AT 5223 THEN LIKELY TO DRIFT DOWN 5202 AND THEN TO 5166. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5320 ONE CAN INITIATE BUY. ONE CAN TAKE LONG POSITIONS ON THE DECLINE IN OPENING MARKET WITH STRICT STOPLOSS.
NOTE: * MARKED AT THE END OF RECO CAN BE BOUGHT WHEN MARKET SLIDES INITIALLY AS THESE STOCKS WOULD PULL BACK IMMEDIATELY.
SELL ICICI BANK SL 952 TGT 931/925/916
BUY GSPL SL 92 TGT 99/104/104*
BUY POWER GRID SL 109 TGT 116/117/118*
BUY BATA INDIA SL 263 TGT 286/298/310*
BUY ABG SHIPPYARD SL 253 TGT273/278/284*

INTRADAY TIPS FOR 27 APRIL 2010

GOOD MORNING!!!

INDICES WERE FIRM BUT VERY NARROWLY RANGE BOUND. IN THE MID AFTERNOON INDICES SURGED QUITE SHARPLY ON AS EUROOPEAN STOCKS SURGED ON THE ONSET OF TRADING SESSION. GOOD RESULTS FROM THE INDICAN INC, FIRM GLOBAL STOCKS AND FORECAST OF A NORMAL MONSOON THIS YEAR ARE A SIGN OF ADVANCMENT IN THE MARKETS. THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET WAS STRONG. MAJORITY OF SECTORAL INDICES REMAINED IN GREEN, THERE WAS LOT OF ACTIVITY IN SMALL AND MIDCAPS.

TODAY MARKET LOOKS LIKE OPENING IN A NEGATIVE NOTE AND THEN MARKETS MAY REMAIN IN RANGE BOUND. WE MAY LIKELY TO WITNESS LOT OF VOLATALITY IN THE COMING DAYS AHEAD OF EXPIRY. IF NIFTY BREAKS THE FOLLOWING LEVELS IT WOULD GIVE A CLEAR DIRECTION OF TREND UNTIL THEN IT WOULD BE VERY RANGE BOUND. IF NIFTY TRADES ABOVE 5336 THEN LIKELY TO HEAD TOWARDS 5367 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5392 ANY CLOSE ABOVE 5367 WOULD TAKE NIFTY TO NEW HIGHS AND ON THE DOWN SIDE IF NIFTY TRADES BELOW 5290 THEN LIKLEY TO TEST 5255 LEVELS AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY 5232 LEVELS AND ANY CLOSE BELOW 5250 IS CONSIDERED TO BE WEAK AND LIKELY TO COME DOWN MUCH MORE.
NOTE: FOLLOW STRICT STOPLOSS FOR BELOW RECO'S. AFTER OPENING IF THE UNDERMENTIONED RECOMMENDATIONS HITS STOPLOSS AND COME UP THEN, INITIATE BUY WITH THE SAME STOPLOSS.
BUY INDIANB SL 215 TGT 220/222/225
BUY STER SL 835 TGT 847/856/864
BUY JINDALSTEL SL 732 TGT 740/745/750
BUY IVRCLINFRA SL 179.4 TGT 182/183/185
BUY YESBANK SL 279 TGT 284/286/288

INTRADAY TIPS FOR 26 APRIL 2010

GOOD MORNING!!!

INDIAN MARKETS ON FRIDAY WHERE FIRM ON OPTIMISM ABOUT FOURTH QUARTER RESULTS OF RELIANCE WHICH HAS SHURGGED OFF ALL THE WEAKNESS OF ASIAN MARKETS AND HOPES OF NORMAL MANSOON AHEAD TO THE ANNOUNCEMENT OF MANSOON REPORT BY INDIAN METERIOLOGICAL DEPARTMENT ALSO AIDED THE RALLY IN THE INDIAN MARKETS. ALL IN ALL MARKET LOOKED STRONG AND HEALTHY IN ALL RESPECTS. ALL THE INDICIES EXCEPT FOR IT INDEX HAVE TRADED AND ENED IN POSITIVE NOTE.

TODAY NIFTY MAY OPEN POSITIVE AND INITIALLY. IF NIFTY TRADES ABOVE 5315 THEN LIKELY TO SURGE UPTO 5340 LEVELS AND ANY BREACH ABOVE THIS POINT WOULD LIKEY TO TAKE NIFTY TO 5378. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5292 THEN LIKELY TO TEST 5255 LEVELS AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 5232 LEVELS. WE MAY SEE FERTILIZERS MOVING IN THIS WEEK ON POSITIVE METRIOLOGICAL REPORT ON MANSOONS.

BUY RELIGARE ENTER LTD SL 434 TGT 458/473/483
BUY ICICIBANK SL 975 TGT 989/997/1009
BUY NAGARJUNA CONST SL 184 TGT 187/189/191
BUY SARDAEN SL 319.95 TGT 333/341/354
BUY GPIL SL 306 TGT 317/324/336
BUY TATA CHEMICALSL 340 TGT 344/347/351
BUY MADHUCON SL 165.4 TGT 171/175/180
BUY SKFINDIA SL 434.9 TGT 448/458/471
POSITIONAL TRADES
DATAMATICS TECHNOLOGIES TGT 50%/100%

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