INTRADAY TIPS FOR 14 JULY 2010

GOOD MORNING!!!

INDICIES YET AGAIN EXTENDED THEIR GAINS TO HIT FRESH HIGHS IN LATE TRADE AS EUROPEAN STOCKS AND US INDEX FUTURES SURGED IN THE MID AFTERNOON. NIFTY HAS BREACHED THE 29 MONTH HIGH MARK REALITY WAS THE TOP PERFORMER OF THE DAY, REALITY TOOK OFF IN THE MARKETS ON SPECULATION THAT GOVERNMENT WILL ANNOUNCE A HIKE IN FOREIGN DIRECT INVESTMENT IN REAL ESTATE SECTOR. WE HAVE WITNESSED HIGH VOLATALITY IN THE MARKETS MARKETS SLIPPED INTO RED AND RECOVERED FROM IN THE LATER PART OF THE DAY HITTING FRESH HIGHS OF THE YEAR.

TODAY, MARKETS WOULD TRADE POSITIVE,. IF NIFTY TRADES ABOVE 5420 THEN LIKELY TO MAKE AN UPMOVE TO 5454 LEVELS AND RESIST AT HIGHER LEVELS ONCE IT BREACHES 5460 LEVELS THEN WOULD TAKE NIFTY TO 5660 LEVELS IN A VERY SHORT TIME FRAME. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5400 THEN LIKELY TO COME DOWN TO 5360 LEVELS AND BREAK BELOW THIS WOULD DRAG NIFTY TO 5340 LEVELS.

BUY IDFC SL 188 TGT 192/194/197
BUY IBREALEST SL 172 TGT 174/177/179.9
BUY JETAIRWAYS SL 634 TGT 653/674/685
BUY AMARAJABAT SL 192 TGT 197/201/204.8
BUY BASF SL 457 TGT 477/491/511
BUY PFC SL 314 TGT 319/323/329

POSITIONAL TRADES

BUY KFA TGT 70

BUY SINTEX TGT 350/400
BUY CORE PROJECTS TGT 310

INTRADAY TIPS FOR 13 JULY 2010

GOOD MORNING!!!

INDICES SURGED TO A NEW HIGHS WITH NIFTY SCALING TO A 29 MONTH HIGH JUST BEFORE THE INDUSTRIAL PRODUCTION DATA. THE RALLY WAS SUPPORTED MAJORILY BY REALITY AND IT. THE INDUSTRIAL PRODUCTION IN THE MONTH OF MAY 2010 ROSE AT A MUCH SLOWER THAN EXPECTED PACE. EXPECTATION OF ANOTHER 25 BASIS POINTS HIKE IN THE KEY INTEREST RATES BY THE CENTRAL BACK AT A POLICY REVIEW LATER THIS MONTH TO CONTROL INFLATIONARY EXPECTATIONS WOULD ALSO PAVE A WAY FOR CONSOLIDATION FOR TIME BEING.

TODAY MARKETS WOULD BE IN A RANGE BOUND. MARKET MAY BE VOLATILE STAY CAUTIOUS, ALL EYES ON INFOSYS RESULTS FOR TODAY. IF NIFTY TRADES ABOVE 5400 ONE IS ADVISED TO GO LONG WITH A TARGET OF 5440 AND BREAK ABOVE 5450 LIKELY TO MAKE AN UPMOVE TO 5500 LEVELS AND ON THE DOWN SIDE IF NIFTY TRADES BELOW 5365 THEN ONE CAN SEE NIFTY TO SLIDE DOWN TO 5340 LEVELS AND BREAK AND TRADES BELOW THIS LEVEL WOULD DRAG NIFTY TO 5320 LEVELS.

BUY CAIRN SL 310 TGT 315/319/321
BUY EDUCOMP SL 575 TGT 588/597/612
BUY ROLTA SL 183 TGT 186/189/191
BUY JETAIRWAYS SL 594 TGT 612/623/638
BUY MPHASIS SL 634 TGT 647/653/664

POSITIONAL TRADES
BUY BHARATFORG TGT 410
BUY NAGREEKA CAP AND INFR TGT 60

INTRADAY TIPS FOR 12 JULY 2010

GOOD MORNING!!!

MARKETS HAVE OPENED FIRM TRACKING ON ASIAN STOCKS AND DOW FUTURES. MARKETS HAVE EXTENDED THEIR GAINS TO HIT FRESH INTRADAY HIGHS TRACKING EXTENDED GAINS BY ASIAN INDICES, MARKET CONTINUED ITS UPWARD RALLY TILL MID AFTERNOON BUT LATER GAVE AWAY SOME OF ITS GAINS AS RELIANCE CAME OFF THE HIGHER LEVELS. ALL IN ALL MARKETS WERE VERY BULLISH AND SHOWS A SIGN STRONG UPMOVE, MARKETS HAVE GONE UP FOR THE STRAIGHT SECOND DAY ON THE FOLLOWING GROUNDS
(A) EXPECTATIONS OF STRONG QUARTER RESULTS
(B) REVISION IN INDIA’S GDP GROWTH FORECAST BY IMF
(C) DECISION TO CUT EXPOSURE MARGIN ON STOCK DERIVATIVES BY SEBI.
(D) POSITIVE ECONOMIC DATA, JOBLESS CLAIMS FALLING IN US ALSO BOOSTED THE SENTIMENT IN THE MARKETS
(E) FEW RETAILERS REPORTING SOLID SALES IN US
HAVE BOOSTED THE MARKET SENTIMENTS. ALL THE SECTORAL INDICES WERE ON GREEM EXCEPT FOR FMCG.

TODAY MARKE LOOKS POSITIVE BUT WOULD REMAIN IN RANGE BOUND. IF NIFTY TRADES ABOVE 5376 THEN LIKELY TO MOVE UP TO 5400 LEVELS AND ANY BREAK ABOVE 5400 WOULD TAKE NIFTY TO NEW HIGHS OF THE YEAR, NIFTY LIKELY TO MAKE AN UP MOVE TO 5500 LEVELS IN A VERY SHORT SPAN OF TIME. ANY CLOSING ABOVE 5400 LEVELS IS A FRESH ENTRY FOR BUYING. ON THE NEGATIVE SIDE IF NIFTY TRADES 5340 THEN LIKELY TO ROLL DOWN TO 5305 LEVELS AND ANY BREAK BELOW 5300 LEVELS WOULD TAKE NIFTY TO 5260 LEVELS BUT NIFTY THOUGH ROLLS DOWN ONE SHOULD NOT CONSIDER THE TREND TO BE REVERSAL AS NIFTY IS RIDING VERY BULLISH. AVOID SHORTING AT THIS POINT IN TIME ESPECIALLY IF IT CROSSES 5400 LEVELS ONE CAN TAKE CHANCE BEFORE 5400 LEVELS BUT SHOULD WIND UP THEIR SHORTS IF IT BREACHES 5400. WE MAY SEE SOME MOVEMENT TO CROP IN REALITY SPACE.

BUY ORIENTBANK SL 351 TGT 359/363/370*
BUY 20 MICRONS SL 43.4 TGT 45/48/50*
BUY SOUTHBANK SL 187 TGT 191/193.9/198.9
BUY MONNETISPA SL 494 TGT 511/524/540 (MEDIUM TERM 660)
BUY DLF SL 296 TGT 301/304/309
BUY BHARTIARTL SL 306 TGT 317/324/335
BUY INDIABULLS FINANCIAL SERVICE SL 160 TGT 165/169/173.4
BUY HDFCBANK SL 1999 TGT 2021/2036/2060

POSITIONAL TRADES
BUY ORCHIDCHEM TGT 215*
BUY DABUR TGT 254*
BUY MUDRA LIFESTYLE CMP 47.25 TGT 58/66
BUY PIRHEALTH TGT 700/850
BUY PERSISTENT TGT 550/640

INTRADAY TIPS FOR 09 JULY 2010

GOOD MORNING!!!

INDICES HAVE GIVEN UP SOME OF ITS GAINS IN THE LATER PART OF THE DAY AS US INDEX FUTURES WERE TRADING IN NEGATIVE ZONES AFTER A STRONG INTRADAY RALLY. THIS RALLY WAS BOOSTED TRACKING STRONG CLOSING OF US INDEX FUTURES ON THE PREVIOUS DAY ALONG WITH IT ALL THE OTHER ASIAN INDICES HAVE ADDED FUEL TO THE INDIAN MARKETS TO SURGE TO THE NEW HIGHS ON INTRADAY TERMS. MARKETS HELD FIRM TILL AFTERNOON BUT GAVE UP AFTER THE INFLATION ROSE TO NEW HIGHS AND EUROPEAN STOCKS TRADING SLIGHTLY NEGATIVE. OVERALL HEALTH OF THE MARKET REMAINED BULLISH.

TODAY MARKETS WOULD BE IN A NARROW RANGE BAND. IF NIFTY TRADES ABOVE 5320 THEN LIKELY TO MAKE AN UPMOVE TO 5350 AND THEN TO 5400 LEVELS BUT ONE IS ADVISED TO STAY CAUTIOUS AT HIGHER LEVELS UNTIL 5400 IS BREACHED, IF 5400 IS BREACHED IN NIFTY THEN IT’S A STRONG INDICATION THAT MARKETS WOULD TRAVEL MUCH HIGHER THAN ANTICIPATED AND WOULD TOUCH IN A VERY SHORT SPAN OF TIME 5500 AND THEN TO 5700 LEVELS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5300 THEN LIKLEY TO MAKE A NOSE DIVE TO 5240 LEVELS. ON IS ADVISED TO EXIT POSITIONS BELOW 5240 AND BELOW 5200 ONE IS ADVISED TO SHORT. OIL STOCKS LOOKING VERY BULLISH ALONG WITH IT IN THE NEAR TERM.

BUY HINDPETRO SL 475 TGT 483/490/495
BUY IBREALEST SL 158 TGT 161/163/165 (MEDIUM TERM 185)*
BUY BPCL SL 695 TGT 715/729/738
BUY GODREJIND SL 175 TGT 180/183/185
BUY JETAIRWAYS SL 557 TGT 570/575/587
BUY AMTEKAUTO SL 187 TGT 191.5/195.5/198

POSTIONAL TRADES
BUY MCLEODRUSS TGT 388

INTRADAY TIPS FOR 08 JULY 2010

GOOD MORNING!!!

INDICES EXTENDED LOSSES TO HIT FRESH LOWS IN LATE INTRADAY TRADE TRACKING WEAK GLOBAL CUES. MARKET MOVED IN A NARROW RANGE UNTIL THE MID AFTERNOON BUT IN THE LAST HOUR OF TRADE SHRUGGED OFF EVERYTHING WHICH WAS RECOVERED AND HAS NOSE DIVED FURTHER. INDEX HEAVY WEIGHTS RELIANCE SLUMPED ALONG WITH BANKING, AUTO, REALITY AND METALS. MARKET BREADTH INDICATING THE STRENGTH OF THE MARKET TURNED NEGATIVE WHEN COMPARED TO EARLIER DAY. MARKET CLOSED AT A VERY CRUCIAL ZONE ABOVE 5240 WHICH SHOWS THAT THE BREADTH OF THE MARKET STILL REMAINS POSITIVE ON A POSITIONAL FRONT.

TODAY IF NIFTY TRADES ABOVE 5275 THEN LIKLEY TO GAIN MOMENTUM AND HIT 5320 LEVELS AND ANY TRADE ABOVE 5350 WOULD TAKE NIFTY TO 5400 AND ANY CLOSE ABOVE 5300 IS CONSIDERED TO BE VERY BULLISH AND WE MAY HEAD TOWARDS BREACHING THE RECENT HIGHS OF THE YEAR. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5240 THEN LIKELY TO DIP DOWN TO 5200 AND BELOW THIS LEVEL IT WOULD BREACH DOWN TO 5165 LEVELS. ANY CLOSE BELOW 5200 IS CONSIDERED TO BE WEAK ONE CAN STAY INVESTED ABOVE 5240 AND EXIT POSITIONS BELOW 5240 AND SHORT BELOW 5200 LEVELS. THOUGH WE DON’T EXPECT MARKET TO SLIDE DOWN BELOW 5240 WE FORESEE MARKETS TO MOVE BEYOND YEAR HIGHS.

BUY IFCI SL 57.45 TGT 59/60/61
BUY EVERONN SL 504 TGT 529/547/556
BUY RELCAPITAL SL 759 TGT 767/778/783 (MEDIUM TERM 1000)
BUY INDIANB SL 237 TGT 242/247/251
BUY PANTALOONR SL 463 TGT 472/479/490
BUY SOBHA SL 306 TGT 312/317/321 (MEDIUM TERM 345)
BUY VIVIMED LAB SL 179 TGT 187/191/194
BUY SREI INFRA SL 82.4 TGT 85/86.7/87.6

POSITIONAL TRADES
BUY SHOPERSTOP SL 618 TGT 850/1050
BUY IND SWIFT LAB TGT 100/150/200

INTRADAY TIPS FOR 07 JULY 2010

GOOD MORNING!!!

INDICES AS EXPECTED OPENED NEGATIVE BUT REGAINED INTO POSITIVE TERRITORY SOON AFTER TRACKING ASIAN STOCKS RECOVERY AND CONTINUED THE RALLY TO HIT INTRADAY HIGHS AND SOON AFTER TRACKING EUROPEAN MARKETS MARKETS HAVE FURTHER STRENGTHENED AND HIT THE HIGHS OF THE DAY BUT COULD NOT HOLD THE GAINS AT THE END AS INDEX HEAVYWEIGHT RELIANCE INDUSTRIES GAVE AWAY ITS GAINS. SENTIMENT OF INVESTORS ALSO BOOSTED WITH THE REVIVAL OF MANSOON RAINS IN THE PAST FEW DAYS AFTER WEAK RAINS LAST MONTH, THE DEFICIENCY OF RAINFALL HAS ALSO NARROWED DOWN. OVERALL MARKET BREADTH WAS STRONG AND ALL THE SECTORAL INDICES WERE IN GREEN. AFTER MANSOONS THE NEXT MAJOR TRIGGER IN THE MARKET WOULD BE THE RESULTS WHICH WOULD START ITS INFLOW IN THE MARKET BY THE SECOND WEEK OF THIS MONTH, IT IS EXPECTED TO BE ROBUST SINCE THE ADVANCE TAX COLLECTIONS FOR THE QUARTER POINT TO STRONG GROWTH IN THE CORPORATE SECTOR PROFITS.

TODAY MARKETS WOULD OPEN FLAT AND RANGE BOUND, BUT STRENGTH REMAINS INTACT. IF NIFTY TRADES ABOVE 5300 THEN LIKLEY TO MAKE AN UPMOVE TO 5350 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKE TO PREVIOUS HIGHS OF THE YEAR. ON THE NEGATIVE SIDE IF NIFTY 5290 THEN LIKELY TO DIP DOWN TO 5260 AND BREAK BELOW THIS LEVEL WOULD TAKE SUPPORT AT 5240 AND ANY BREAK BELOW THIS POINT WOULD BE WEAK AND CAN DRAG NIFTY TO 5204 LEVELS.

BUY HINDOILEXP ABOVE 240 SL 237 TGT 244/250/254
BUY KTKBANK SL 180 TGT 184.5/187.8/190.5
BUY POLARIS SL 191 TGT 195/197/199
BUY BOMDYEING SL 509 TGT 522/531/538
BUY ROLTA SL 173 TGT 176/179/181.8

POSITIONAL TRADES
BUY BANKINDIA TGT 400/440/490
BUY SWARAJ MAZDA TGT 450/600

INTRADAY TIPS FOR 06 JULY 2010

GOOD MORNING!!!

INDICES HIT FRESH INTRADAY HIT LOWS IN THE LATE TRADE AS EUROPEAN STOCKS TURNED SOUR. BANKING STOCKS DIDN’T REALLY MIND THE UNEXPECTED RATE HIKE AS THE EXPECTATION WAS MUCH LESSER THAN WHAT WAS ANTICIPATED IN THE MONTH END. METALS, REALITY AND PSU’S WERE THE WORST HIT IN THE TRADE. THOUGH THE MARKET WAS NEGATIVE THERE WAS SOME BUYING WITNESSED IN SELECT MID CAPS AND SMALL CAPS THE VOLUMES WERE MUCH LOWER ON ACCOUNT OF BHARAT BHANDH. MARKET TRADED IN A TIGHT RANGE AND REMAINED NEGATIVE MOST OF THE DAY. MANSOONS RAINS HAVE REVIVED AFTER WEAK RAINS LAST MONTH, RAINS HAVE ADVANCED AND HAS FORECAST TO PROGRESS FURTHER. AND SHORTFALL HAS NARROWED AND WOULD BE BETTER IN THE COMING DAYS THIS WILL ENABLE THE MARKETS TO GROW MUCH HIGHER AND BREACH ALL THE BARRIERS OF THE MARKET IN THE DAYS AHEAD.

TODAY MARKETS WOULD OPEN NEGATIVE ON GLOBAL CUES AND THERE WOULD BE STOCK SPECIFIC MOVES IN THE MARKET. IF NIFTY TRADES ABOVE 5265 THEN WILL TAKE-OFF TO 5300 AND THERE AFTER ANY TRADE ABOVE THIS POINT WOULD TAKE IT TO 5350 LEVELS AND ANY CLOSING ABOVE 5300 IS A CALL FOR FRESH BUY. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5240 THEN LIKELY TO COME DOWN TO 5220 AND BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5206 AND ANY BREAK BELOW 5200 WOULD LIKELY TO PUT PRESSURE IN THE INDICES AND DRAG IT TO 5160 LEVELS AND ANY BREAK BELOW 5200 IS WEAK FOR THE MARKETS AND IS A CALL FOR SHORTING AND BELOW 5240 IS BETTER TO STAY AWAY ON THE CLOSING BASIS. AGRO SECTOR IS A GOOD BET FOR COMING DAYS

BUY EDSERV SL 215 TGT 226/235/242
BUY JUBL FOOD SL 330 TGT 340/349/356*
BUY FIEM INDS SL 173 TGT 184/194/200*
BUY HERITAGE FOODS 189 TGT 200/211/217*
BUY KARUR VYSYA BANK SL 577 TGT 601/625/638*
BUY INOX SL 63.5 TGT 66/67.5/68.6
BUY RCF SL 89 TGT 92/93.5/95

POSITIONAL TRADES
BUY POLARIS TGT 200/215
BUY BAJAJ AUTO FINANCE TGT 585/660
BUY BOMBAY DYEING TGT 775