INTRADAY TIPS FOR 06 MAY 2010

GOOD MORNING!!!

GLOBAL JITTERS DIDN’T IMPACT MUCH TO THE INDIAN MARKETS AT THE END OF THE DAY INDICES HAVE MANAGED TO END THE DAY WITH MARGINAL LOSSES. INITIALLY THE MARKETS SLID BASED ON GLOBAL MARKETS BUT HAVE MANAGED TO REBOUND IN THE BOURSES WHICH WAS LED BY TECHNOLOGY, SOFTWARE AND HEALTHCARE STOCKS WHILE METAL STOCKS TOPPED THE LOSERS LIST FOR THE THIRD DAY IN A ROW. SHARES REPRESENTING REALITY, CAPITAL GOODS AND OIL & GAS SECTORS WERE THE OTHER PROMINENT LOSERS IN TRADE.

TODAY MARKETS LOOK TO BE VOLATILE IN THE INITIAL PHASE THOUGH MARKET MAY OPEN SLIGHTLY NEGATIVE TO FLAT. IF NIFTY MANAGES TO TRADES BELOW 5098 THEN LIKELY TO SLIDE DOWN TO 5060 LEVELS AND BREAK BELOW 5050 LEVELS WOULD TAKE NIFTY TO 4950 LEVELS AND ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5140 THEN LIKELY TO MOVE UP TO 5170 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5200 LEVELS AND ANY CLOSE ABOVE THIS POINT WOULD MAKE NIFTY TO GO MUCH HIGHER ZONES. TODAY MARKET WOULD BE VERY VOLATILE AND RANGE BOUND, SO STAY CAUTIOUS AND TRADE. WHATEVER TRADE ONE IS TAKING EITHER LONG OR SHORT WOULD BE PROFITABLE BUT MAKE SURE YOU FOLLOW THE LEVELS SPECIFIED AS STOPLOSS LIKE IF NIFTY TRADES AT 5110 THEN GO LONG WITH STOPLOSS AS 5098 AND IF NIFTY TRADES AT 5130 LEVEL GO SHORT WITH 5140 IS STOPLOSS.

NOTE: ONE CAN GO LONG AGAIN IF STOPLOSS IS HIT AND GOING UP AGAIN.
BUY SESAGOA SL 394 TGT 410/414/418
BUY SAIL SL 211 TGT 216/219/225
POSITIONAL TRADES
BUY BANK RAJASTHAN CMP 89.55 TGT 112/125
BUY UNITED PHOSPHORUS CMP 170.45 TGT 200/215
BUY BAJAJ FINSE CMP 399.15 TGT 550
BUY UFLEX LIMITED CMP 114.05 TGT 135/150
BUY EICHER MOTORS CMP 815.85 TGT 1000
BUY BLUE DART EXPRESS CMP 902.20 TGT 1050/1287/1550
BUY JB CHEMICALS CMP 93.05 TGT 140
BUY INDIABULLS FINANCIAL SERVICES CMP 154.65 TGT 210/240
BUY GHCL CMP 50.55 TGT 58/70
BUY PIRAMAL HEALTHCARE LIMITED CMP 555.6 TGT 700
BUY DIC INDIA LIMITED CMP 289.30 TGT 333/440
NOTE: THE ABOVE SCRIPS CAN BE BOUGHT AT ANY TIME IN THE MARKET EVEN BELOW THEIR CURRENT MARKET PRICES (CMP)

INTRADAY TIPS FOR 05 MAY 2010

GOOD MORNING!!!

ALL THE INDICIES WITNESSED A SELL OFF AS THE GLOBAL WORRIES CONTINUED MAKING THE SENTIMENT OF THE INVESTORS ON THE NEGATIVE SIDE. THE SLUMP IN THE MARKETS WAS LED BY ACROSS THE BOARD SELLING FROM MARKET PARTICIPANTS. METAL, REALTY AND CAPITAL GOODS STOCKS WHICH WAS COMPLETELY TAKEN OVER BY THE BEARS DURING THE SESSION. MARKETS STARTED THE DAY ON A FLAT NOTE DESPITE STRONG RALLY ON THE WALL STREET IN OVERNIGHT TRADE UNDERPINNED BY STRONG ECONOMIC DATA. INITIALLY THE MARKETS MANAGED TO TRADE WITH MINOR GAINS DURING THE FIRST HALF OF THE SESSION AND THEN TURNED TO NEGATIVE TERRAIN IN THE EARLY AFTERNOON TRADES TRACKING DOWN-TICK ON THE US INDEX FUTURES AND MUTED START FOR THE EUROPEAN SHARES. CONCERNS OVER WOES OF THE EURO ZONE ALSO PLAYED SPOILSPORT FOR THE DALAL STREET IN THE SECOND HALF OF THE SESSION. THE SELLING GOT INTENSIFIED IN LATE TRADES WHICH DRAGGED THE NIFTY BELOW THE CRUCIAL SUPPORT LEVEL OF 5150. THE BREADTH OF THE MARKET TURNED VERY WEAK.

TODAY MARKETS WOULD OPEN GAP DOWN AND WOULD REMAIN IN A NARROW RANGE BOUND WE SEE TODAY BEARS WOULD CAPTIVATE THE MARKETS ON EVERY RISE AND NIFTY TO TAKE SUPPORT AT 5050 LEVELS WHICH IS VERY CRUCIAL IF THIS LEVEL IS BREACHED THEN NIFTY COULD COME DOWN TO 4940 LEVELS WHICH IS CONSIDERED TO BE THE VERY VERY CRUCIAL LONG TERM SUPPORT FOR NIFTY. ON THE POSITIVE SIDE TODAY NIFTY CHANCES OF ANY POSITIVENESS IS REMOTE BUT ONE CAN INITIATE LONG POSITIONS AT THE FOLLOWING PLACES WITH STRICT STOPLOSS, TAKE NIFTY AROUND 5060 TO 5070 LEVELS WITH STRICT STOPLOSS OF 5050 AND ONCE THIS IS BREACHED AGAIN TAKE A POSITION AT 5010 TO 5020 LEVELS WITH STRICT STOPLOSS OF 5000.
NOTE: THERE IS EVERY CHANCE OF RECOVERY IN THE SECOND HALF SO BE CAREFUL IN THE MARKET.

SELL JSPL SL 923 TGT 696/678/665
SELL HINDALCO SL 165 TGT 158/155/152
SELL JSWSTEEL SL 1156 TGT 1125/1116/1105

INTRADAY TIPS FOR 04 MAY 2010

GOOD MORNING!!!

INDICES ENDED CHOPPY AND HALTED A TWO DAY RALLY. WEAK GLOBAL STOCKS WEIGHED ON INVESTORS' SENTIMENT. THE MARKET BREADTH WAS WEAK. HIGH BETA INFRASTRUCTURE STOCKS DECLINED ON SELLING PRESSURE. METAL STOCKS DECLINED AS COPPER PRICES FELL ON CONCERN MONETARY TIGHTENING IN CHINA WILL CRIMP DEMAND FOR THE METAL. BUT, IT PIVOTALS WERE OFF DAY'S LOW ON BARGAIN HUNTING AFTER AN INITIAL SETBACK TRIGGERED BY FALL IN ADRS ON FRIDAY. AUTO SHARES SURVIVED THE BROAD MARKET DECLINE ON ROBUST SALES IN APRIL 2010. INTEREST RATE SENSITIVE BANKING AND FINANCIAL SHARES DECLINED ON FEARS THE RESERVE BANK OF INDIA MAY RESORT TO FURTHER MONETARY TIGHTENING TO COUNTER SOARING INFLATION. STOCKS WERE VERY VOLATILE. THE MARKET CAME OFF THE LOWER LEVEL AFTER AN INITIAL SHARP SLIDE TRIGGERED BY WEAK ASIAN STOCKS.
TODAY MARKET LOOKS POSITIVE ON GLOBAL RECOVERY. IF NIFTY TRADES 5226 THEN LIKELY TO MAKE AN UPMOVE TILL 5260 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5290 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5320 LEVELS AND ONE CAN INITIATE LONGS IF NIFTY TRADES CLOSES ABOVE 5300 LEVEL. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5200 LEVELS ONE CAN SEE NIFTY TO DECLINE TO 5160 AND ANY FURTHER TRADE BELOW 5160 WOULD TAKE NIFTY TO FURTHER DOWNSIDE AND BEARS WILL ATTACK AND WILL HAVE AN UPPER HAND OVER BULLS IN THE NEAR TERM AND ONE CAN CONSIDER THIS 5160 LEVELS TO BE A GOOD SUPPORT FOR NIFTY IN NEAR TERM. ONE CAN INITIATE SHORT IF NIFTY BREACHES 5160 LEVELS.
BUY PIRAMAL HEALTH SL 544 TGT 555/559/564
BUY JB CHEMICAL SL 89 TGT 95/96/98
BUY RANBAXY SL 448.5 TGT 454/457/460
BUY EDUCOMP SL 688 TGT 700/706/714
BUY RPOWER SL 157 TGT 164/165/166
BUY SRF SL 223.2 TGT 228/230/234
BUY JSW HOLDINGS SL 1940 TGT 1990/2010/2030

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*