INTRADAY TIPS FOR 21 JULY 2010

GOOD MORNING!!!

INDICES LOST ITS STRENGTH RIGHT FROM THE OPENING OF THE MARKETS, IT OPENED FIRM TRACKING ASIAN MARKETS BUT COULD NOT SUSTAIN THE OPENING GAINS IT SLOWLY STARTED DECLINING FROM THE OPENING HIGHS AND LOST COMPLETE CONTROL WHEN US AND EUROPEAN STOCKS STARTED FALLING IN THE MID AFTERNOON, INDICES TUMBLED QUITE FAST AND DRAGGED DOWN TO NEW INTRADAY LOWS AND MARKETS CLOSED IN LOWS OF THE DAY. AUTO AND BANKING STOCKS REVERSED ALL THE INITIAL GAINS, HEALTHCARE STOCKS ALSO ADDED FUEL TO THE DECLINE BUT REALITY IS THE SECTOR WHICH HELD ITS GAINS TILL THE END OF THE SESSION. MARKET BREADTH AT THE END TURNED NEGATIVE.

TODAY MARKETS WOULD REMAIN IN RANGE BOUND, NIFTY LIKELY TO REMAIN UNDER TREMENDOUS PRESSURE AT HIGHER LEVELS AND 5450 REMAINS STIFF RESISTANCE FOR ANY UP MOVE FROM HERE ON EVERY RISE MAY WELCOME SELLING PRESSURE AND ANY MOVE ABOVE 5450 WOULD TAKE NIFTY 100 POINTS UPSIDE FROM THERE ON. TODAY IF NIFTY TRADES ABOVE 5400 ONE CAN SEE IT TO GO UP TO 5420 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5450 LEVELS AND ANY CLOSE ABOVE 5450 ONE IS ADVISED TO EXIT SHORTS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5350 LIKELY TO DIP DOWN TO 5320 AND BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5304 AND ANY CLOSE BELOW 5300 IS CONSIDERED TO BE WEAK AND WOULD DRAG NIFTY DOWN FURTHER. WE MAY SEE VERY STOCK SPECIFIC MOVES IN THE MARKET AHEAD OF Q1 RESULTS. STRICTLY FOLLOW THE LEVELS SPECIFIED.

BUY DLF SL 318 TGT 322/324/235.75
BUY AUTOLINE IND SL 154 TGT 163/169/177
BUY JYOTISTRUC SL 165 TGT 170/172/173.5 (POSITIONAL TGT 195)
BUY NILKAMAL SL 309 TGT 313/317/320

POSITIONAL TRADES
BUY AMTEKAUTO CMP 194.40 TGT 230
BUY PHILIPCARB CMP 210.20 TGT 250
BUY TATAMTRDVR CMP 565.15 TGT 675/725*

INTRADAY TIPS FOR 20 JULY 2010

GOOD MORNING!!!

MARKETS LAST DAY TRADED IN A NARROW RANGE BAND AND LATER IN CLOSING SESSION SLIPPED INTO RED TRACKING ALL THE ASIAN COUNTER PARTS. MARKET INITIALLY OPENED NEGATIVE AND TOOK OFF FROM LOWS TO HIT 5400 MARK TRACKING CHINESE MARKETS AND US INDEX FUTURES AS BOTH OF THEM EDGED HIGHER BUT COULDN’T SUSTAIN IT MUCH LONGER AND SLIPPED INTO RED AGAIN IN THE LATE TRADE. STOCKS FROM SECTORS LIKE REALITY, FMCG, HEALTHCARE AND CONSUMER DURABLE FELL WHILE CAPITAL GOODS STOCKS ROSE. ALL-IN-ALL OUR MARKETS WERE ABLE TO DIGEST THE FALL OF US MARKETS AFTER US CONSUMER CONFIDENCE WEAKENED AND CORPORATE RESULTS FELL SHORT OF EXPECTATIONS. THE MARKET BREADTH, INDICATING THE STRENGTH OF THE BROADER MARKET WAS POSITIVE.

TODAY MARKET LOOKS FLAT AND RANGE BOUND, IF NIFTY TRADES ABOVE 5410 THEN LIKELY TO MAKE AN UP MOVE TO 5450 LEVELS AND ANY BREAK ABOVE 5450 WOULD TAKE NIFTY TO 5560 IN A VERY SHORT TIME. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5370 THEN LIKELY TO MAKE A DOWN MOVE TO 5340 LEVELS AND ANY CLOSE BELOW 5340 IS CONSIDERED TO BE WEAK. MARKETS WOULD BE VERY VOLATILE IN THE DAYS AHEAD AS WE ARE IN A CONSOLIDATION PHASE AND MARKETS WOULD TRY TO BREAK ANY OF THE LEVELS EITHER UPSIDE OR DOWNSIDE. WE MAY SEE STOCK SPECIFIC MOVES AHEAD ON RESULT FRONT, MIDCAPS STILL LOOK PROSPECTIVE. ONE SHOULD TAKE POSITIONS VERY PRECISELY.

BUY COREPROTEC SL 264 TGT 267/270/272
BUY MCDOWELL-N SL 1395 TGT 1421/1432/1447
BUY ZYLOG SL 525 TGT 536/547/555
BUY GSPL SL 104 TGT 105.8/107.65/108.65
BUY SRF SL 253 TGT 259/264/268

POSITIONAL TRADES
BUY CAPRIHANS (I) CMP 90.7 TGT 125

INTRADAY TIPS FOR 19 JULY 2010

GOOD MORNING!!!

MARKETS TOOK OFF TO FRESH INTRADAY HIGHS AT THE FAG END OF THE TRADING SESSION TRACKING EUROPEAN AND US INDEX FUTURES. MARKETS HAVE RALLIED ON SUSTAINED BUYING BY FOREIGN FUNDS AND FURTHER MORE SEBI’S DECISION TO ALLOW PHYSICAL SETTLEMENT OF STOCK DERIVATES. WITH Q1 RESULTS THE TRADING WAS VERY STOCK SPECIFIC. MARKETS WERE VOLATILE ALL THROUGH THE DAY IT RANGED IN A NARROW RANGE UNTIL IT GAVE A BREAKOUT IN THE MID AFTERNOON TRADE. FOREIGN FUNDS HAVE BOUGHT WORTH 4388.62 CRORES WHILE DOMESTIC FUNDS HAVE SOLD SHARES WORTH 2076.98 CRORES THIS MONTH SO FAR TILL 15 JULY 2010. ALL IN ALL MARKETS WERE POSITIVE AND BREADTH OF THE MARKET INDICATED POSITIVENESS IN THE MARKETS. ONE NEEDS TO BE VERY CAUTIOUS AT THE CURRENT LEVELS.

TODAY MARKETS WOULD OPEN NEGATIVE TRACKING FRIDAYS FALL IN US INDICES AND WEAK OPENING IN ASIAN STOCKS. IF NIFTY TRADES BELOW 5375 THEN LIKELY TO DIP DOWN TO 5357 AND TRADE BELOW THIS POINT WOULD DRAG NIFTY TO 5340 LEVELS AND ANY CLOSE BELOW 5347 WOULD BE CONSIDERED TO BE WEAK CLOSING. ON THE POSITIVE SIDE IF NFITY TRADES ABOVE 5400 THEN LIKELY TO MAKE IT TO 5420 LEVELS AND ANY TRADE ABOVE 5420 WOULD PULL NIFTY TO 5450 LEVELS WHICH IS REMOTE FOR TODAY. ONE CAN WATCH OUT FOR FERTILIZER STOCKS AND CEMENT STOCKS ON DECLINE.

BUY EVERONN SL 588 TGT 622/647/670

BUY IDFC AROUND 193 LEVELS WITH SL 191 TGT 196/198/199 (BUY ON DECLINES)
BUY TATAMOTORS SL 822 TGT 839/851/857 (BUY ON DECLINES)
BUY YESBANK SL 295 TGT 303/309/312 (BUY ON DECLINES)
BUY CROMPTON GREAVES SL 268 TGT 275/279/282 (BUY ON DECLINES)
BUY PFC SL 319.9 TGT 330/337/341 (BUY ON DECLINES)
NOTE: BUY IF ANY OF THE RECOMMENDATIONS ARE NEAR TO STOPLOSS IN THE OPENING LIKELY TO GO UP
POSITIONAL TRADES
BUY GRAUER & WEIL (INDIA) LTD TGT 110/150

INTRADAY TIPS FOR 16 JULY 2010

GOOD MORNING!!!

KEY INDICES ENDED IN A LOOSING STREAK IN A VERY VOLATILE TRADE TRACKING EUROPEAN STOCKS. MARKETS WERE TRADING WEAK RIGHT FROM THE MORNING TRACKING ASIAN STOCKS AND LATER WITH EUROPEAN STOCKS, MARKET BREADTH TURNED FURTHER MORE NEGATIVE WHEN REPORTS SAID THAT RAINS WERE 24% BELOW NORMAL IN THE WEEK TO 14 JULY 2010 THIS HAS WEIGHED ON THE SENTIMENTS OF INVESTORS. MARKET BREADTH TURNED NEGATIVE IN CONTRAST TO A STRONG BREADTH EARLIER IN THE DAY. FMCG AND IT STOCKS ROSE WHILE CAPITAL GOODS AND REALITY STOCKS FELL. THOUGH MARKETS OPENED POSITIVE SOON TURNED NEGATIVE AND IN THE LATER PART OF THE DAY THE RECOVERY CROPPED IN AT A GOOD PACE BUT THE RECOVERY PROVED TO BE SHORT LIVED AND AGAIN MARKETS PAIRED GAINS.

TODAY MARKETS LOOKS VERY VOLATILE AND RANGE BOUND. IF NIFTY TRADES BELOW 5375 THEN LIKLEY TO COME DOWN TO 5360 LEVELS AND BREACH BELOW THIS POINT WOULD HALT AT 5340 LEVELS AND ANY TRADE BELOW THIS POINT WILL DRAG NIFTY TO 5300 LEVELS AND CLOSE BELOW 5365 IS SHORT TERM NEGATIVE FOR THE MARKET AND ONE CAN TAKE SHORT POSITIONS BELOW 5365 ON CLOSING BASIS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5420 ONLY THEN ONE IS ADVISED TO SEE LONG POSITIONS. IF NIFTY TRADES 5420 THEN LIKELY TO MAKE AN UPMOVE TO 5450 LEVLES AND ANY CLOSE ABOVE 5400 IS CONSIDERED TO BE STRONG.

BUY THOMAS COOK SL 66 TGT 67.5/68.25/69 (MEDIUM TERM 80)
BUY CROMPTON GREAVES SL 260 TGT 265/267/270
BUY SKUMARS SL 79 TGT 82/84/85.80
BUY LICHSGFIN SL 1068 TGT 1097/1127/1141
BUY TWILIGHT LITAKA PHARMA SL 180 TGT 190/197/206
BUY PUNJABCHEM SL 156 TGT 162/166/172

NOTE: BUY STOCKS ONLY WHEN THEY ARE ABOVE THEIR CLOSING PRICES AND ONE CAN RE-ENTER IF STOCKS TRADES ABOVE THEIR CLOSING PRICES AFTER HITTING STOPLOSS BUT MAINTAIN THE SAME STOPLOSS STRICTLY.

INTRADAY TIPS FOR 15 JULY 2010

GOOD MORNING!!!

THE KEY BENCHMARK INDICES REVERSED INITIAL STRONG GAINS IN LATE TRADE AFTER A SHARP SURGE IN INFLATION AND PROFIT TAKING TRIGGERED ON THE NOTE OF INDICES SCALING TO NEW HIGHS OF ALMOST 29 MONTHS ADDING FIRE TO THE FUEL WAS DECLINE IN EUROPEAN STOCKS AND US INDEX FUTURES. MARKET TRADED IN A NARROW RANGE BAND UNTIL IT GAVE AWAY ITS INTRADAY GAINS. OVERALL MARKETS BREADTH TURNED NEGATIVE IN CONTRAST TO THE POSITIVE BREADTH EARLIER IN THE DAY.

TODAY MARKETS LOOK VOLATILE, IF NIFTY TRADES BELOW 5375 THEN ONE CAN SEE NIFTY TO SLIDE DOWN TO 5340 LEVELS AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY TO 5305 LEVELS AND ANY FURTHER BREACH BELOW 5300 WOULD TAKE NIFTY TO 5240 LEVELS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5420 THEN LIKELY TO MAKE AN UPMOVE TO 5450 LEVELS BUT ONE HAS TO STAY CAUTIOUS AT HIGHER LEVELS AS THERE ARE FEW WORRIES CROPPING UP IN THE MARKET THEY ARE
(a) INFLATION
(b) RBI MEET ON RATE HIKE
(c) RESULTS
(d) PROFIT TAKING AT HIGHER LEVELS.
BUT ONE IS CAUTIONED THAT IF NIFTY TRADES ABOVE 5460 THEN LIKELY TO MOVE UP TO 5560 WITHOUT ANY HURDLE SO AVOID SHORTING ABOVE 5400 AND BELOW 5400 ONE CAN TAKE CHANCE IN ORDER TO CATCH THE NIFTY AT PEAKS.

BUY TATA COMMUNICATIONS SL 288 TGT 292/296/299
BUY IRB SL 270 TGT 273.5/276.75/278.7
BUY SINTEX SL 340 TGT 346/350/356
BUY LT SL 1789 TGT 1895/1904/1914
BUY GITANJALI SL 152 TGT 160/168/172 (MEDIUM TERM 225)
BUY PATNI SL 525 TGT 533/540/546
BUY UTVSOF SL 424 TGT 436/444/455

POSITIONAL TRADES
BUY WALCHANNAG TGT 260/285

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