INTRADAY TIPS FOR 15 JUNE 2010

GOOD MORNING!!!

INDIAN MARKETS CONTINUED THEIR WINNING STREAK FOR THE FOURTH DAY ON STRONG GLOBAL MARKETS. THERE WAS SUSTAINED BUYING IN THE BLUE CHIP COUNTERS FROM INVESTORS THERE WAS CONTINUOUS BUYING SEEN AT EVERY PHASE IN THE MARKETS. RELIANCE STOCKS OUT PERFORMED. BEARS WERE COMPLETELY THROWN AWAY IN THE MARKETS, BULLS HAVE COMPLETELY CAPTIVATED THE MARKETS. TODAY SECTORS LIKE TECHNOLOGY, OIL AND GAS HOGGED THE LIMELIGHT. INITIALLY MARKETS MADE GAP-UP OPENING ON POSITIVE GLOBAL CUES AND TRADED IN A NARROW RANGE AND THEN TOOK OFF AFTER A SMALL RETRACEMENT AND HAS HIT HIGHER HIGHS IN THE MARKET. BEARS HAVE MANAGED TO DAMAGE IN THE LATE AFTERNOON ON THE SHOCK OF INFLATION BUT MARKETS HAVE ABSORBED THE NEGATIVITY OF INFLATION AS BULLS MADE A ROARING COME BANK MANAGING TO CLOSE AT ONE MONTH PEAKS.

TODAY MARKETS LOOKS FLAT AND RANGE BOUND. WE CAN SEE MARKETS TO COMPLETELY PLAY IN A NARROW RANGE BAND WITH VERY STOCK SPECIFIC MOVES AND ONE HAS TO REMEMBER THAT STAYING SHORTS WILL NOT DO GOOD AT THIS STAGE AS MARKETS LOOKING VERY GOOD ON THE POSITIONAL FRONT SO EVERY DECLINE IS A BUYING OPPORTUNITY ONE CAN MAKE USE OF THIS THAN GOING SHORT AT THIS STAGE, WE EXPECT MARKET TO SURPASS PREVIOUS HIGHS. IF NFITY NIFTY TRADES ABOVE 5218 THEN LIKELY TO MOVE UP TO 5268 AND ANY BREAK ABOVE THIS POINT WOULD TAKE IT TO 5300 AND WE MAY LIKELY SEE NIFTY TO TOUCH 5500 IN A VERY SHORT TIME AS WE FORESEE RELIANCE PEACE PACT WOULD FAVOUR MARKETS AND MANSOONS WOULD DO LOT BETTER THAN EXPECTED. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5167 TAKE SHORT POSITIONS ON INTRADAY FOR A TARGET OF 5132.

BUY RPOWER SL 164.9 TGT 171/175/178
BUY RELCAPITAL SL 711 TGT 735/749/759
BUY ENIL SL 244 TGT 259/273/282
BUY RELINFRA SL 1146 TGT 1176/1193/1205
BUY RIIL SL 889 TGT 945/980/1032
BUY EVERONN SL 425 TGT 450/465/474

POSITIONAL TRADES
BUY INSECTICID TGT 221/280

INTRADAY TIPS FOR 14 JUNE 2010

GOOD MORNING!!!

FRIDAY MARKETS HAVE ADDED TO THEIR GAINS. INITIALLY MARKETS HAVE TRADED POSITIVE AND STARTED TO COME UP WITH SOME PROFIT BOOKING LATER WITH THE GOOD IIP NUMBERS MARKETS HAVE INCHED HIGHER WITH BETTER-THAN-EXPECTED IIP NUMBERS FOR APRIL. MARKETS GAVE A STEADY RISE IN THE AFTERNOON SOON AFTER THE DECLARATION OF IIP NUMBERS FOR THE MONTH AS IT STOOD BEYOND THE EXPECTATION OF MARKETS, MARKETS EXPECTED TO INCREASE IT TO 14% FOR THE MONTH BUT THE MARKETS OUT-PERFORMED MORE THAN EXPECTATION AS IT STOOD AT 17.6% COMPARED TO 13.5% FOR MARCH (MOM).

TODAY MARKETS WOULD REMAIN RANGE BOUND WITH POSITIVE BIAS. IF NIFTY TRADES ABOVE 5135 THEN LIKELY TO MAKE A MOVE UPTO 5162 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE IT TO 5218 LEVELS THOUGH 5200 IS A PSYCHOLOGICAL RESISTANCE ZONE. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5098 THEN LIKELY TO DECLINE TO 5075 AND THEN TO 5053 AND ANY BREAK BELOW 5053 CONVINCINGLY WOULD TAKE IT DOWN FURTHER TO 5024 TO 5000 LEVELS. THERE MAY BE BARGAIN HAUNT ON THE STOCKS WHICH ARE BATTERED IN THE LAST FEW TRADING SESSIONS. MARKETS OVER A LONG TERM PERSPECTIVE LOOKING VERY GOOD ONE CAN START INVESTING IN SMALL QUANTITIES IF NIFTY TRADES AND CLOSES ABOVE 5150 LEVELS.

BUY HDIL SL 233 TGT 240/246/250
BUY NATIONAL STEEL & AGRO INDS SL 27.4 TGT 28.40/29.30/29.75
BUY FORTIS SL 149 TGT 155/159/162
BUY ARSSINFRA SL 1244 TGT 1270/1293/1307
BUY IRB SL 277 TGT 283/288/292
BUY SIEMENS SL 717 TGT 727/735/742
POSITIONAL TRADES
BUY VINYL CHEMICALS TGT 35/45**
BUY ARIES AGRO TGT 155/188*
BUY JYOTHY LAB TGT 300/350*
BUY ESCORTS TGT 230

INTRADAY TIPS FOR 11 JUNE 2010

GOOD MORNING!!!

KEY INDICES CONTINUED TO GYRATE IN A VERY NARROW RANGE WITH POSITIVE BIAS TILL EUROPEAN MARKETS OPENED AND WITH HIGHER US INDEX IN THE LATE AFTERNOON MARKET STARTED SURGING AND BARGIN HUNT STARTED IN ALMOST ALL THE SECTORS, IN THE EARLY TRADE THOUGH EUROPE WAS TRADING IN NEGATIVE ZONES MARKETS DID NOT REACT TO IT OR FOLLOWED ITS PATH IT SUSTAINED THE POSITIVE ZONE ALL THROUGH THE DAY AND IN THE AFTERNOON SESSION SLOWLY EUROPE ALSO STARTED TO JOIN THE POSITIVE MARKETS AND OUR MARKETS TOOK MOMENTUM AND STARTED HITTING HIGHER HIGHS OF THE DAY AND CLOSED IN A VERY POSITIVE TERRITORY THERE BY GIVING SCOPE FOR FRESH ENTRANTS TO CHARGE THE MARKETS. OVERALL CLOSING OF THE MARKET INDICATED STRONG BREADTH.

TODAY MARKETS MAY OPEN POSITIVE AND MARKETS MAY RALLY IF NIFTY TRADES ABOVE 5135 THEN LIKLEY TO MOVE UP TO 5162 LEVELS AND MAY FACE SOME RESISTANCE OVER THAT PLACE AND CONTINUE TO RALLY UPWARDS WITH GOOD VOLUMES MAY TAKE FURTHER UPSIDE TO 5218 LEVELS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5075 LIKELY TO DIP DOWN TO 5053 LEVELS AND ANY BREAK BELOW WOULD NOSE DIVE TO 5024 LEVELS AND THEN TO 5000 LEVELS. ONE IS ADVISED TO STAY AWAY FROM SHORTS FOR TIME BEING.

BUY TATA METALIK SL 150 TGT 158/163/172
BUY BATA(I) SL 276 TGT 289/297/304
BUY ORCHID CHEM SL 150 TGT 153.5/155/157
BUY RELINFRA SL 1113 TGT 1140/1152/1162
BUY CIPLA SL 332 TGT 339/342/346
BUY CUMMINS SL 590 TGT 597/601/604

INTRADAY TIPS FOR 10 JUNE 2010

GOOD MORNING!!!

MARKETS WERE POSITIVE THROUGH OUT THE DAY THOUGH THERE WERE NEGATIVE NEWS FLOWS FROM EURO REGION THE ONLY SIGN OF RELIEF FOR BULLS WHICH HELD MARKETS TIGHT WAS CHINAS EXPORTS RISED BY 50% IN THE MONTH OF MAY WHICH HELD THE MARKET, METALS, HEALTHCARE AND OIL & GAS SHARES HAVE ROUTED AND HELD THE MARKETS ON THE POSITIVE TERRAIN, WHILE FMCG, IT AND POWER HAVE DISAPPOINTED AND COULDN’T ADD ANYTHING TO THE RISE IN INDICES. MARKETS IN THE AFTERNOON COULDN’T HOLD ANYTHING WHEN EUROPE STARTED FALLING SOON AFTER OPENING AND OUR MARKETS ALSO STARTED TAKING THE SAME PATH OF EUROPE AND STARTED DECLINING VERY SWIFTLY, FROM THE VERY POSITIVE ZONE MARKETS FELL TO NEGATIVE AND AT THE LAST HALF AN HOUR MARKETS MANAGED TO CLOSE SLIGHTLY POSITIVE BUT ALL IN ALL MARKETS BECAME WEAK AT THE CLOSING.

TODAY MARKETS WOULD OPEN FLAT AND REMAIN IN A NARRROW RANGE. ONE IS ADVISED TO STAY VERY CAUTIOUS AS EURO DEBT CRISIS ARE THE MAJOR CAUSE OF CONCERN IN THE MARKET IF THIS DEBT CRISIS INTENSIFIES WE MAY END UP IN DOUBLE RECESSION. WE HAVE SEEN MARKETS WITH LOT OF VOLATALITY WHICH IS NOT GIVING CLEAR DIRECTION OF THE MARKETS THOUGH TRADING IN NEGATIVE ZONES, MARKETS ARE VERY VOLATILE SO STAY CAUTIOUS IN THIS MARKETS. IF NIFTY TADES ABOVE 5025 THEN IT CAN REACH 5050 AND BREAK ABOVE THIS POINT CONVINCINGLY WOULD TAKE IT TO 5070 AND ON THE NEGATIVE SIDE IF NIFTY BREAKS BELOW 4980 THEN LIKELY TO GO TO 4950 AND BREAK BELOW THIS LEVEL WOULD TAKE IT TO 4900ONE IS ADVISED TO STAY VERY CAUTIOUS AND DON’T ENTER ANY TRADE IN BETWEEN 4980 AND 5025. KEEP AN EYE ON POWER STOCKS LIKE CESC, PTC, PFC AND OTHERS.

BUY STERLITE SL 622 TGT 638/642/645
BUY NAGARCONST SL 179 TGT 184/186/188
BUY DR REDDY SL 1463 TGT 1484/1490/1500
BUY PFC SL 300 TGT 304/306/309
BUY ORCHID SL 143 TGT 146/148/150
CAUTION BUY IN VERY LOW QTYS

INTRADAY TIPS FOR 09 JUNE 2010

GOOD MORNING!!!

INDIAN MARKETS GOT RUINED ON LATE SELL-OFF WHICH GOT TRIGGERED BY WEAK EUROPEAN EQUITIES, THE MARKETS THAT WERE TRADING WITH STEADY GAINS TILL LATE AFTERNOON, SUDDENLY SAW HEAVY SELLING PRESSURE LED BY REALTY, METAL AND OIL & GAS SHARES. MARKETS TRADED IN POSITIVE TERRAIN TILL AFTERNOON TRADE TILL THE SELL OFF RALLY CAME TRACKING EUROPEAN MARKETS IT OSCILLATED IN A NARROW RANGE TILL AFTERNOON. ALL IN ALL THE BREADTH OF THE MARKET SLIPPED FROM POSITIVE ZONE TO NEGATIVE ZONE IN THE LAST ONE HOUR OF TRADE.

TODAY NIFTY LIKELY TO OPEN FLAT AND REMAIN IN RANGE BOUND. NIFTY TOOK GREAT SUPPORT AT 4950 WHICH IS VERY CRUCIAL LEVEL IN THE VERY NEAR TERM. ONE CAN HAS TO THINK OF SHORTS ONLY IF NIFTY BREACHES 4950 AND TRADES UNTIL THEN ONE HAS TO REMAIN CAUTIOUS. TODAY IF NIFTY TRADES BELOW 4950 THEN LIKELY TO DIP DOWN TO 4900 AND BREACH BELOW THIS LEVEL WOULD TAKE NIFTY TO 4860 AND ANY CLOSE BELOW 4900 IS LIKLEY TO WITNESS LOT OF SELLING PRESSURE ALONG WITH FRESH SHORTS INITIATING AT THAT LEVEL AND BEARS WOULD CAPTIVATE MARKETS MORE AGGRESSIVELY NO SOONER NIFTY BREACHES 4900 LEVELS. ON THE POSITIVE SIDE IF NIFTY TRADE ABOVE 5000 ONE IS ADVISED TO GO LONG UNTIL THEN STAY SHORT OR AWAY FROM THE MARKETS IF NIFTY CLOSES ABOVE 5000 MARK THEN ONE CAN INITIATE LONGS TO CERTAIN EXTENT AS MARKETS ARE ON HIGH PRESSURE FROM EUROPEAN AND OTHER ECONOMIES IT IS WISE TO TRADE LESS AND STAY ON CASH.

NO RECOS FOR THE DAY

INTRADAY TIPS FOR 08 JUNE 2010

GOOD MORNING!!!

MARKETS SNAPPED ITS WINNING STREAK ON MONDAY AFTER A THREE DAY SURGE ON THE CONCERNS OVER SLOWDOWN IN THE RECOVERY OF GLOBAL ECONOMY, THIS FALL GLOBALLY IS BECAUSE OF LOWER THAN EXPECTED JOBS DATA FOR THE MONTH OF MAY OVER THE WEEKEND AND ADDING FUEL TO THE FIRE WAS EURO ZONE DEBT CRISIS WHICH HAS STARTED SHOWING ITS IMPACT ON NEIGHBOURING COUNTRIES, THIS TIME HUNGARY HAS PUT THEIR LEG FORWARD WHICH HAS INVITED FEARS IN INVESTORS NOW ARE LITTLE APPREHENSIVE MARKETS AS THEY FEEL MORE TROUBLE MAY BE INVITED BY EUROPEAN ECONOMIES. OVERALL COMPLETELY CAPTIVATED BY BEARS AND DIDN’T GIVE MUCH SCOPE TO BREATH IN TERMS OF RETRACEMENT ALMOST MANY HAVE SHATTERED TO THE NEW LOWS, SELLING PRESSURE EXISTED RIGHT FROM THE BEGINNING OF THE TRADE, WE HAVE ALSO SEEN PROFIT BOOKING IN PSU. BUT ALL IN ALL IT WAS A GOOD MARKET AS WE DIDN’T SEE NIFTY TO NOSE DIVE AS EXPECTED IT IS MUCH BELOW THAN WHAT WAS ANTICIPATED LAST DAY.

TODAY WE EXPECT MARKET TO REMAIN IN A NARROW RANGE BAND AND THERE WOULD BE SOME BUYING COMING IN AT LOWER LEVELS AND WE WILL SEE VERY STOCK SPECIFIC MOVES IN THE MARKETS. IF NIFTY TRADES ABOVE 5030 THEN LIKELY TO MAKE AN UPMOVE TO 5062 LEVELS AND BREAK ABOVE IT WOULD TOUCH 5098 LEVELS AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5000 THEN LILKEY TO COME DOWN TO 4980 AND FURTHER BELOW THIS LEVEL WOULD TAKE NIFTY TO 4950 AND ANY CLOSE BELOW 4950 WOULD BE CONSIDERED VERY WEAK AND MAY HEAD DOWN TO 4675 LEVLES. THERE IS ONE IMPORTANT INFORMATION WHERE ONE HAS TO BE CAREFUL IS MANSOONS WHICH HAVE POSITIVE DEVELOPMENTS ON THE SOUTHWEST MANSOONS WHICH IS A KEY TRIGGER IN THE MARKET IN THE COMING DAYS AS THE MANSOONS STARTED PROGRESSING AFTER BEING STALLED FOR SOME TIME DUE TO A CYCLONE FORMATION OVER ARBIAN SEA NOW THAT THEIR PROGRESS IS MORE RAPID NOW, SO IF MANSOONS ARE AT EVEN NORMAL THEN EXPECT MARKET TO GO MUCH HIGHER THAN EXPECTED.

BUY LAKSHMI VILAS BANK SL 86 TGT 92/94/96
BUY DHANALAXMI BANK SL 159 TGT 164/166/170
BUY RELMEDIA SL 174 TGT 185/188/192
BUY GSPL SL 93 TGT 99/102/104

POSITIONAL TRADES
BUY FAIRFIELD ATLAS TGT 75/100
BUY DCB TGT 56/66

INTRADAY TIPS FOR 07 JUNE 2010

GOOD MORNING!!!

ON FRIDAY THE DOMESTIC MARKETS CONTINUED TO TRADE IN A TIGHT RANGE BUT GAINED STRENGTH IN THE LATE AFTERNOON TRADE TRACKING POSITIVE EUROPEAN SHARES. MOST OF THE ASIAN MARKETS WERE ON THE POSITIVE LINES BOOSTING THE INVESTORS CONFIDENCE AT THE LOCAL MARKETS TOO. BOTH NIFTY AND SENSEX HIT INTRADAY HIGHS BY AFTERNOON TRADE BUT RESISTING 5150 LEVELS. AMONGST THE SECTORS CONSUMER GOODS, BANKING INCHED HIGHER WHILE METALS AND REALITY DECLINED.

THE MOST IMPORTANT FACTOR IN THE UPWARD RALLY IN THE LAST FEW SESSIONS OF TRADE WAS OF UTMOST CONCERN AS THERE IS NO CONVINCING PARTICIPATION FROM EITHER FII OR DII’S IN BUYING AREA WHERE MARKET HAVE RALLIED. THIS IMPLIES THAT THERE IS NO INTREST ON THE BUYING SIDE. WE HAVE CLEARLY INDICATED THAT THE MARKET ARE ON THE RETRACEMENT ZONE WHICH MAY TAKE NIFTY TO 5165 LEVLES TO THE MAXIMUM AND ONE IS ADVISED FROM THE PAST FEW DAYS THAT ONE SHOULD REMAIN VERY CAUTIOUS AND CLEARLY STATED TO STAY SHORT TILL 5165 AND ABOVE THAT ONE CAN TAKE LONG POSITIONS, TODAY MARKETS MAY INCH LOWER AND LOWER, NIFTY IN SHORT TIME BREACH THE PREVIOUS LOWS AND WILL HEAD TOWARDS 4675 BEFORE THAT NIFTY WOULD TAKE SUPPORT AT 4950 LEVELS ONE HAS TO STAY SHORT BELOW 4950 WITH THE SAME LEVEL AS STOPLOSS TILL 4675 LEVELS AND WE MAY SEE SOME BUYING ON BARGAIN HUNT AT THIS LEVELS. ONE IS ADVISED TO START BUYING ONLY AT LEVELS INDICATED AS SUPPORTS AS NIFTY ON THE LONG TERM REMAINS VERY BULLISH.

ONE IS ADVISED TO CONCENTRATE ON ONGC, GSPL, COMMUNICATION STOCKS LIKE RCOM, IDEA AND BHARTI FOR BUYING AT LOWER LEVELS THESE ARE THE STOCKS WHERE ONE CAN LOOK FOR BARGAIN HUNTING THEY CAN MOVE FAST ON DECLINES INCLUDING SUGAR AND AUTO SPACE. ONE HAS TO JUST IGNORE STOCKS FROM BANKING SECTOR. ONE CAN TAKE RISKY BUY CALLS ON THE ABOVE COUNTERS. NIFTY LIKLEY TO COME DOWN BYAROUND 180 POINTS.

BANKING AND METALS MAY OUT PERFORM IN THE UNDER PERFORMERS ZONE FOR TODAY

SELL ICICI BANK SL 871 TGT 851/840/832
SELL TATA STEEL SL 485 TGT 478/470/461
SELL SESAGOA SL 374 TGT 362/354/340