INTRADAY TIPS FOR 29 JUNE 2010

GOOD MORNING!!!

RALLY IN HEAVYWEIGHTS IN THE SECOND HALF OF THE TRADE ALONG WITH STRONG EUROPEAN INDICES AND POSITIVE AMERICAN INDICES, MARKETS HAVE RALLIED EXCEPTIONALLY WELL WITH HANDSOME GAINS. AMONGST THE SECTORAL INDICES OIL AND GAS SPACE HOGGED THE LIMELIGHT YET FOR THE SECOND DAY ON THE EMPOWERED GROUP OF MINISTERS (EGoM) DECISIONS ON FRIDAY. CONSUMER DURABLES, REALTY AND POWER STOCKS WERE THE OTHER MAJOR GAINERS IN TRADE. TELECOM SHARES DESERVED SPECIAL MENTION AS THE SEGMENT BIGGIES RELIANCE COMMUNICATIONS (RCOM) AND IDEA SHOWED GOOD STRENGTH. RATE SENSITIVE BANKING STOCKS THAT LED THE MARKETS LOWER ON FRIDAY, OBSERVED SOME VALUE PICKING FROM INVESTORS AS CONCERNS ABOUT RATE HIKE BY THE RESERVE BANK OF INDIA (RBI) FOLLOWING THE PETROL PRICE DEREGULATION FADED OVER THE WEEKEND. MIDCAPS AND SMALL CAPS TOO HAVE IDENTICAL REPLICATION TO THE LARGE CAPS.

TODAY MARKETS LOOK RANGE BOUND. IF NIFTY TRADES ABOVE 5345 THEN LIKELY TO MOVE UP TO 5367 AND BREAK ABOVE THIS LEVEL WOULD TAKE NIFTY TO 5400 LEVELS AND ANY CLOSE ABOVE 5400 LEVELS WOULD TAKE NIFTY TO 5700 LEVELS SOON. ON THE DOWN SIDE IF NIFTY TRADES BELOW 5320 THEN LIKELY TO COME DOWN TO 5291 AND BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5277 ANY CLOSE BELOW 5291 IS A WEAK CLOSING. WE EXPECT MANSOONS TO BE ABOVE THE EXPECTATIONS AND ANTICIPATE MARKETS TO GO TO NEW HIGHS OF THE YEAR.

BUY CROMPGREAV SL 263 TGT 269/273/276 (MEDIUM TERM TGT 300)
BUY CHENNPETRO SL 257 TGT 262/265/268
BUY DHANBANK SL 186 TGT 191/194/198
BUY MAXWELL INDS SL 21 TGT 22/23/24

POSITIONAL TRADES
BUY RELMEDIA TGT 275/315*
BUY EVERONN TGT 538*
BUY GTN INDS TGT 26/34/50**
BUY SINTEX TGT 350/400 **

INTRADAY TIPS FOR 28 JUNE 2010

GOOD MORNING!!!

KEY BENCHMARK INDICES SLUMPED TO INTRADAY LOWS FOLLOWING THE DECLINE IN EUROPE AND US STOCKS AND INDEX FUTURES. THE MAJOR TRIGGER IN THE MARKET WHICH WAS BEYOND THE EXPECTATION OF COMMON MAN WAS DECONTROLING OF OIL AND GAS PRICES. OIL AND GAS STOCKS SURGED LIKE A ROCKET SOON AFTER THE GOVERNMENT FREE PETROL PRICES IT IS ALSO SAID THAT GOVERNMENT WILL EVENTUALLY DECONTROL DIESEL PRICES TOO. AUTO SOME OF THE AUTO SHARES FELL ON WORRIES OF THE LATEST GOVERNMENT DECISION ON FUEL PRICE INCREASE. BANKING STOCKS TOO NOSE DIVED ON THE INFLATION CONCERNS OVER THE PETROL PRICE HIKE DECISION. ALL IN ALL THE MARKET BREADTH WAS WEAK.

TODAY MARKETS WOULD REMAIN NEGATIVE ON THE CONCERNS OF INFLATOR CONCERNS. TODAY IF NIFTY TRADES BELOW 5276 THEN LIKELY TO COME DOWN TO 5240 AND THEN TO 5204 AND BELOW 5200 ITS WEAKNESS WOULD PERSIST FURTHER AND ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5310 THEN LIKLEY TO MAKE AN UPMOVE TO 5354 AND THEN TO 5400 LEVELS. NIFTY ON THE POSITIONAL FRONT STILL REMAINS STRONG AND LIKLEY TO MAKE AN UPMOVE ANY POSITIVE TRIGGERS FROM MANSOONS WOULD TAKE NIFTY TO NEW HIGHS OF THE YEAR. ONE CAN SEE PETROLEUM STOCKS TO MOVE POSITIVE. PHARMA AND IT REMAINS BULLISH.

BUY HINDPETRO SL 397 TGT 410/421/438
BUY IOC SL 377 TGT 398/411/420
BUY BPCL SL 618 TGT 637/650/673
BUY AMTEKAUTO SL 177 TGT 180/183/186
BUY APIL SL 659 TGT 679/689/708
BUY MRPL SL 72 TGT 75//76.5/77.5
BUY ESSAR OIL SL 136 TGT 142/144/149

POSITIONAL TRADES
BUY SURYAPHARM TGT 226
BUY SUTLEJTEX TGT 208
BUY PROVOGUE @55 TGT 69
BUY CCL TGT 250/280
BUY MSP STEEL & POWER LTD @42.15 TGT 53/59
BUY PRECOT MERIDIAN LTD TGT 286
BUY GHCL @ 48.10 TGT 55/61
BUY SANWARIA AGRO OILS @ 45.90 TGT 58
BUY LUMAXIND TGT 355

INTRADAY TIPS FOR 25 JUNE 2010

GOOD MORNING!!!

MARKETS WITNESSED HIGH VOLATILITY IN THE LATE TRADE WITH TRADERS ROLLING THEIR POSITIONS FROM THE CURRENT MONTH TO THE NEXT MONTH CONTRACTS, WEAKNESS IN GLOBAL STOCKS CAUSED BY US FEDERAL RESERVES MORE DOWNBEAT LANGUAGE ON ECONOMIC GROWTH IN THE WORLDS BIGGEST ECONOMY WEIGHTED ON INVESTORS SENTIMENTS. BANKING, IT AND AUTO STOCKS FELL. VOLATILITY WAS VERY HIGH DURING INTRADAY, MARKET DIDN’T CONSIDER THE GLOBAL INDICIES EARLY IN THE MORNING AND MANAGED TO POST GAINS IN THE OPENING SESSION BUT COULD NOT WITHSTAND AS THE DAY WENT BY WITH EUROPE TURNING VERY NEGATIVE.

TODAY MARKETS WOULD BE NEGATIVELY BIASED AND RANGE BOUND AND WOULD LIVE IN A CONSOLIDATION PHASE, THE NEGATIVITY OF WORLD MARKETS WOULD SHOW SOME IMPACT ON OUR MARKETS. TODAY ONE IS ADVISED TO GO LONG IF NIFTY TRADES ABOVE 5350 THEN LIKELY TO MOVE UP TO 5373 AND BREAK ABOVE THIS POINT WOULD TAKE IT TO 5400 AND ANY CLOSE ABOVE 5400 WOULD TAKE NIFTY TO NEW HIGHS OF THE YEAR. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5224 THEN LIKLEY TO COME DOWN TO 5300 AND ANY BREAK BELOW THIS POINT WOULD DRAG NIFTY TO 5257 AND THEN BELOW THIS POINT 5204. KEEP A WATCH ON TEXTILES. ON THE MEDIUM TERM KEEP A LOOK AT PHARMA AND IT.

BUY HINDOILEXP SL 221.9 TGT 230/239/245
BUY NAGARCONST SL 192 TGT 195/197/200
BUY PIRHEALTH SL 142 TGT 145/147/149
BUY BANKINDIA SL 347.7 TGT 351/355/357.8
BUY BRFL SL 254 TGT 260/266/270 (MEDIUM TERM TGT 300/385)
BUY GODREJIND SL 169.7 TGT 174/179/182 (MEDIUM TERM TGT 200)

INTRADAY TIPS FOR 24 JUNE 2010

GOOD MORNING!!!

INDICES CLOSED MARGINALLY HIGHER AFTER A SEE-SAW MARKET, ALL THROUGH THE DAY MARKET MOVED BETWEEN POSITIVE AND NEGATIVE TERRAIN MARKET RECOVERED FROM AN INITIAL STEEP SLIDE TRIGGERED BY WEAK ASIAN STOCKS AND TOOK OFF FROM THE LOWS IN THE LATE AFTERNOON TO CLOSE MARGINALLY POSITIVE. STOCKS FROM COUNTERS LIKE REALTY, AUTO, HEALTHCARE, CONSUMER DURABLES AND STEEL STOCKS ROSE. VOLATILITY WAS VERY HIGH AS TRADERS ROLLED OVER POSITIONS IN THE DERIVATIVES SEGMENT FROM THE NEAR-MONTH JUNE CONTRACTS TO JULY CONTRACTS AHEAD OF THE EXPIRY. THE MARKET WEAKENED ONCE AGAIN IN MORNING TRADE. FED RATES REMAINED UNCHANGED.

TODAY MARKETS WOULD REMAIN HIGHLY VOLATILE ON THE VERGE OF EXPIRY, WE MAY SEE VERY STOCK SPECIFIC MOVES IN THE MARKET. TODAY IF NIFTY TRADES ABOVE 5350 THEN LIKELY TO MAKE AN UPMOVE UPTO 5373 AND ANY BREAK ABOVE THIS POINT WITH VOLUMES MAY TAKE NIFTY TO 5400 LEVELS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5298 ONLY THEN ONE CAN THINK OF SHORTING FOR A TARGET OF 5257 LEVELS AND ANY BREACH BELOW THIS LEVEL WOULD DRAG NIFTY TO 5204 LEVELS.

BUY VALECHAENG SL 187 TGT 196/203/211
BUY CAIRN SL 310 TGT 313/316/318 (MEDIUM TERM 340)
BUY AMTEKAUTO SL 168 TGT 173/178/181
BUY OPTOCIRCUI SL 241 TGT 244.8/248/250
BUY JAYSREETEA SL 286 TGT 293/299.9/304

NOTE: BUY ABOVE CLOSING PRICE

INTRADAY TIPS FOR 23 JUNE 2010

GOOD MORNING!!!

INDICES COULD NOT HOLD THE GAINS OF THE LAST FEW SESSIONS, THEY GOT SLUMPED TO FRESH INTRADAY LOWS IN LATE TRADE AS EUROPEAN STOCKS EXTENDED LOSSES AND US INDEX FUTURES TURNED NEGATIVE. METAL, BANKING AND IT STOCKS FELL, FMCG STOCKS ROSE. THE MARKET BREADTH WAS NEGATIVE IN CONTRAST TO A POSITIVE BREADTH EARLIER. THERE WAS IMMENSE VOLATILITY IN THE TRADE AS TRADERS ROLLED OVER POSITIONS IN THE DERIVATIVES SEGMENT FROM THE NEAR-MONTH JUNE 2010 CONTRACTS TO JULY 2010 CONTRACTS AHEAD OF THE EXPIRY.

TODAY MARKETS LOOK WEAK AND LIKELY TO OPEN NEGATIVE, BUT STILL ONE CANNOT IGNORE THE POSITIVITY OF THE MARKETS TILL THE TIME THE LEVELS ARE BREACHED AND MARKETS GET INTO COMPLETE NEGATIVITY ONE CANT THINK OF MARKETS TO BE IN THE NEGATIVE MODE. TODAY NIFTY TRADES BELOW 5300 LIKELY TO MAKE A NOSE DIVE TO 5286 AND BREACH BELOW THIS LEVEL WOULD DRAG NIFTY TO 5262 AND ANY BREAK AND TRADE BELOW THIS POINT WOULD TAKE NIFTY TO 5200 ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5350 ONE CAN SEE IT TO GO UP TO 5400 AND THEN IT MAY MOVE UP FURTHER TO NEW HIGHS OF THE YEAR.

BUY GLOBUSSPR SL 168 TGT 179/185/190
BUY DHANBANK ABOVE 175.5 SL 172 TGT 180/188/193
BUY RECLTD SL 299 TGT 306/312/316
BUY MCLEODRUSS ABOVE 195.3 SL 194 TGT 197/199.5/201.4
BUY LUMAXIND ABOVE 272.5 SL 265 TGT 284/299/313

INTRADAY TIPS FOR 22 JUNE 2010

GOOD MORNING!!!

THE MARKETS SURGED ON THE NEWS THAT CHINA WILL ALLOW ITS CURRENCY MORE FREEDOM TO MOVE AGAINST THE US DOLLAR AND LATER WITH THE END OF UNIT LINKNED INSURANCE PRODUCTS (ULIPS) SAGA THESE BOTH HAVE AIDED THE RALLY. METALS AND REALITY MADE A GOOD MOVE IN THE MARKETS IT HAS UNDERPERFORMED ON RUPEE SURGE AGAINST DOLLAR. MARKETS CONTINUED TO REMAIN ON THE UPTREND WITH NEWS COMING IN INFAVOUR OF MARKETS AFTER ULIPS MET DEPARTMENT SAID MANSOON RAINS REACHED SOME REGIONS OF GUJRAT SO THESE ALL NEWS KEPT MARKET ON STEADY PACE. METALS OUTPERFORMED IN THE MARKETS AS CHINA PLEDGED TO MAKE ITS CURRENCY MORE FLEXIBLE LIFTED COPPER AND OTHER BASE METALS IN SHANGHAI MARKET ON HOPES INCREASED PURCHASING POWER WILL BOOST THE DEMAND. OVERALL MARKETS WERE IN GOOD SHAPE AND VERY HEALTHY.

TODAY MARKETS LOOKS VERY VOLATILE ON FNO EXPIRY FRONT. WE MAY SEE LOT OF BIG MOVES IN THE MARKETS ONE HAS TO BE VERY CAUTIOUS NOW AT THIS STAGE IN THE MARKETS AS WE MAY SEE IRRATIC MOVES IN THE MARKETS. IF NIFTY TRADES ABOVE 5373 IN NIFTY ONLY THEN TAKE LONG POSITION AND WE MAY SEE TOUGH RESISTANCE AT 5400 LEVELS AND BREAK ABOVE THIS LEVEL ON CONVINCING NOTE WOULD TAKE NIFTY TO 5450 LEVELS AND ONE SHOULD REMEMBER THAT THOUGH MARKET IS ON A BULLISH ZONE WE MAY HAVE IRRATIC UP AND DOWN MOVES AHEAD OF EXPIRY SO ONE NEEDS TO STAY VERY CATIOUS AT HIGHER LEVELS, OVERALL MARKETS LOOK VERY BULLISH ON NEAR TERM. ON THE NEGATIVE ZONE IF NIFTY TRADES BELOW 5325 THEN TAKE SHORT POSITON FOR A TARGET OF 5200 AND THEN BREAK BELOW THIS LEVEL WOULD FURTHER BREACH NIFTY TO 5257. STAY CATIOUS AT HIGHER LEVELS

BUY LIBERTY PHOSPHAT SL 37.9 TGT 39.6/40.4/41.9 *
BUY ICICIBANK SL 895 TGT 915/922/930
BUY VIPIND SL 293 TGT 307/317/330 (MEDIUM TERM 360/ 400)*
BUY BANKRAJAS SL 173 TGT 179/183/186
BUY FCH SL 203 TGT 212/217/226*
BUY VOLTAS SL 195 TGT 199/202/205*
BUY FIEM IND TGT 186/197/226*

POSITIONAL TRADES
BUY RAMA PHOSPHATED LTD TGT 45

INTRADAY TIPS FOR 21 JUNE 2010

GOOD MORNING!!!

INDICES MANAGED TO CLOSE MARGINALLY LOWER AFTER STRAIGHT SEVEN DAY WINNING STREAK IN A ROW, MARKETS WERE FLAT WITHOUT MUCH VOLUMES AND ENDED SLIGHTLY NEGATIVE. AMONG THE SECTORAL FRONT IT SECTOR OUT PERFORMED REST ALL THE SECTORS CLOSED IN RED. OVERALL MARKET BREADTH WAS WEAK WHEN COMPARED TO THE EARLIER DAY BUT MARKET STILL REMAINS BULLISH ON THE LONG TERM PERSPECTIVE. MANSOONS AND ADVANCE TAX WOULD BE THE MAJOR TRIGGERS IN THE MARKET IN THE DAYS AHEAD.

TODAY MARKETS LOOKING GOOD AND MAY REMAIN IN A RANGE, IF NIFTY TRADES ABOVE 5300 THEN LIKELY TO MOVE UP TO 5345 AND THEN TO 5372 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5400 LEVELS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5268 THEN LIKELY TO COME DOWN TO 5242 AND THEN TO 5224 LEVELS AND ANY BREAK BELOW THIS LEVEL WOULD TAKE TO A PSYCHOLOGICAL SUPPORT ZONE OF 5200 LEVELS AND BREACH BELOW THIS LEVEL WOULD BE CONSIDERED TO BE REVERSAL IN THE TREND. LONG TERM PERSPECTIVE STILL REMAINS BULLISH AND ONE CAN STAY LONG AS LONG AS THE SPECIFIED LEVELS ARE BREACHED. IT LOOKS GOOD IN THE DAYS AHEAD.

BUY IDFC SL 167 TGT 171/174/176
BUY TCS SL 779 TGT 788/792/798 (MEDIUM TERM TGT 850)
BUY BHEL SL 2406 TGT 2436/2450/2472 (MEDIUM TERM 2600/2678)
BUY INFOSYSTCH SL2779 TGT 2815/2845/2885*
BUY UBL SL 233 TGT 244/252/263
BUY HDFC SL 2920 2936/2945/2954
BUY STAR SL 390 TGT 398/402/405

POSITIONAL TRADES
BUY INTERNATIONAL TRAVEL HOUSE CMP 199 TGT 225/258
BUY ICSA @ 137.60 TGT 165/200/250
BUY MUKAND ENGG @ 51.75 TGT 58/67