INTRADAY TIPS FOR 06 AUGUST 2010

GOOD MORNING!!!

YESTERDAY WE HAVE WITNESSED SEE-SAW MARKET, THOUGH MARKET GAVE UPSIDE BREAK DIDNT QUITE HOLD AT THE HIGHER LEVELS. MARKETS TRADED IN A NARROW RANGE TILL MID AFTERNOON AND THEN MOVED UPSIDE FOR A BRIEF PERIOD AND DIDNT STAY LONG THE FALSE BREAKOUT HAS PUT PANIC IN THE TRADERS AND MARKET CLOSED WEAKER WHEN COMPARED TO THE MARKET BREADTH OF THE EARLY TRADE. ALL-IN-ALL MARKET CRUCIAL LEVELS. WE HAVE SEEN SHIPPING OUTPERFORMING IN THE MARKETS.

TODAY NIFTY MAY OPEN RANGE BOUND. UNTIL THE VOLUMES CROP IN NIFTY MAY BE ON A NARROW RANGE, AS WE HAVE SEEN FOR THE LAST FEW DAYS THE VOLUMES ARE INCHING DOWN ON THE UPWARD JOURNEY WE EXPECT MARKET TO BREAK DOWN ONLY WHEN THE VOLUMES COME IN SO JUST SEE WHEN MARKET COMES DOWN IT HAS TO COME DOWN WITH VOLUMES ONLY THEN ONE CAN SEE SHORTING FOR A GOOD PROFIT IF NIFTY TRADES BELOW 5450 THEN LIKLEY TO COME DOWN TO 5420 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY 5397 AND ANY CLOSE BELOW 5400 IS CONSIDERED TO BE WEAK. ON THE UPSIDE IF NIFTY TRADES ABOVE 5476 ONLY THEN ONE CAN SEE ON THE CLOSING BASIS THAT NIFTY TO GO UP TO 5560 LEVELS.

BUY HCL TECH SL 410 TGT 416/419/421
BUY PRIME FOCUS SL 484 TGT 497/506/515
BUY ARVIND MILLS SL 36.6 TGT 37.6/38.1/38.5
BUY ESSAR SHIPPING SL 107.5 TGT 114/118/120
BUY HIND ZINC SL 1106 TGT 1126/1134/1145
BUY BANK NIFTY 10400 PUT AT 140 SL 75 TGT 300/400/500
BUY SBI 2650 PUT AT 62 SL 36 TGT 100/150/200
SELL SESA GOA FUTURES SL 390 TGT 300/270
SELL TATA STEEL FUTURES SL 570 TGT 500/450/410

INTRADAY TIPS FOR 05 AUGUST 2010

GOOD MORNING!!!

INDICES SURGED TO THEIR HIGHEST LEVEL IN THE LAST 29 MONTHS IN THE LATE TRADE ON STRONG SERVICES DATA AND REVIVAL OF MONSOON RAINS IN THE CRUCIAL SOWING MONTH. IT STOCKS SURGED EVEN THOUGH THE ASAIN INDICIES WERE MIXED AND EUROPE AND US INDICES WERE TRADING IN MUCH NEGATIVE MARKET SPURTED HIGH INCH BY INCH IN A VERY SHORT SPAN AND GAINING AROUND 50 POINTS IN NIFTY FROM LOWS WITHIN SHORT SPAN OF TIME WITH HIGH VOLUMES. REALITY STOCKS TOO ROSE. BANKING AND METALS FELL. THOUGH THE MARKET WAS CONFINED TO A VERY NARROW RANGE BAND TILL AFTERNOON IT BROKE OUT FROM THE CHANNEL AFTER THE STRONG SERVICES ALONG WITH MONSOON DATA WAS RECEIVED. OVERALL HEALTH OF THE MARKET TURNED POSITIVE IN COMPARSION TO THE BREADTH OF THE EARLY TRADE.

TODAY, NIFTY LIKELY TO REMAIN IN A RANGE BOUND UNLESS IT BREACHES 5476 AND TRADE BUT ANY BREAK AND TRADE ABOVE 5476 IS A SIGN OF A BREAK-OUT FOR A NEAR TERM WHICH IS LIKELY TO TAKE NIFYT TO 5560 LEVELS ON HAS TO BE VERY CAUTIOUS ON THE BAND NIFTY IS TRADING, AS LONG AS NIFTY IS BELOW 5476 ONE CAN BE ON SHORTER SIDE BUT ONCE IT BREACHES AND TRADES IT IS VERY RISKY AND THERE WOULD BE LOT OF SHORT COVERING TO TAKE PLACE IF NIFTY CROSSES 5500 TOO SO STAY CAUTIOUS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5430 THEN LIKELY TO DIP DOWN TO 5411 AND THEN TO 5380 LEVELS, OPPORTUNITY FOR SHORTS WILL BE VERY HIGH BUT ONE HAS TO WAIT FOR THAT AS THIS IS NOT THE CLEAR TREND FOR SHORTING.

NO RECOS FOR THE DAY

INTRADAY TIPS FOR 04 AUGUST 2010

GOOD MORNING!!!

INDICES END A TAD HIGHER AS RELIANCE AND BANKING STOCKS HAVE EDGED HIGHER. STRONG AUTO SALES FOR JULY, SUSTAINED BUYING FROM FOREIGN FUNDS FROM THE LAST TWO MONTHS, REVIVAL OF MONSOON RAINS IN THE CRUCIAL SOWING MONTH OF JULY, SUPPORTED THE BOURSES. THOUGH MARKETS OVERALL WERE FLAT ONLY THE BANKING STOCKS HAVE CONTAINED THE MARKET FROM BUYING. INITIALLY MARKETS SLIPPED INTO NEGATIVE IN THE AFTERNOON TRADE AS EUROPEAN STOCKS DECLINED BUT LATER REGAINED STRENGTH IN THE LATE TRADE. ALL-IN-ALL MARKET MOVED IN A NARROW RANGE AND IN THE PHASE OF CONSOLIDATION. FOREIGN FUNDS CONTINUE TO MOP UP INDIAN STOCK MARKETS, IN JULY FORIEGN FUNDS HAVE BOUGHT 8320.5 CRORE IN JULY WHICH HAS TRIGGERED MARKETS TO BREACH LAST 29 MONTH HIGHS IN THE INDICIES.

TODAY MARKETS WOULD BE RANGE BOUND AND EXPECTED TO BE RANGE BOUND NIFTY WILL TRY TO BE IN A CONSOLIDATED STATE AND MOVING FORWARD WE CAN SEE IT WILL BE IN A CHANNEL BASED TRADE IF IT TRIES TO MOVE UP FROM HERE ON, ELSE NIFTY WOULD HAVE SOME RETRACEMENT TO FURTHER SCALE TO NEW HIGHS. IF NIFTY TRADES ABOVE 5454 THEN LIKELY TO SEE SOME RESISTANCE AROUND 5476 AND ANY UPMOVE FROM HERE ON WILL HALT AT 5560 LEVELS AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5430 THEN LIKELY TO COME DOWN TO 5411 AND BREAK BELOW THIS LEVEL WOULD DRAG IT TO 5380 LEVELS. SUGARS LOOKING GOOD.

BUY HMT SL 82 TGT 87/90/92
BUY TTML SL 22.5 TGT 23/23.2/23.5
BUY BAJAJ HIND SL 117.5 TGT 119.7/120.8/122

POSITIONAL TRADES

BUY SUKHJIT STARCH CMP 203.75 TGT 250/300

INTRADAY TIPS FOR 03 AUGUST 2010

GOOD MORNING!!!
KEY INDICES HAVE SURGED HIGHER ON THE FOLLOWING FEW MAIN REASONS
-> SUSTAINED BUYING FROM FII'S
-> REVIVAL OF THE MANSOON RAINS
-> STRONG AUTO SALES IN JULY 2010
-> FIRM GLOBAL CUES.
-> FACTORY OUTPUT INDEX JUMPED TO A FOUR MONTH HIGH
ABOVE REASONS ARE THE REASONS FOR THE MARKETS TO COMPLETELY TAKE CONTROL ON BEARS, BULLS HAVE DOMINATED THE ENTIRE DAY LEAVING NO ROOM FOR THE BEARS.

TODAY MARKETS WOULD OPEN POSITIVE BUT MAY NOT HOLD BEYOND 5454 LEVELS, IT IS LIKELY EITHER CONSOLIDATE HERE OR COME DOWN BEFORE ANY FURTHER UPMOVE BUT IF MARKETS MOVE UP THEN LIKELY TO COME DOWN ON A FAST NOTE WHICH WOULD BE BEYOND IMAGINATION. ONE OF THE MOST IMPORTANT ASPECT OF CURRENT MARKET AT THE PRESENT SITUATION IS FII'S ARE TAKING TOTAL CONTROL ON THE MARKET WHEN COMPARED TO DIIS OR ANY OTHER, SINCE THEY HAVE BEEN BUYING ON A CONSTANT NOTE FOR THE PAST SIX MONTHS AND IF ANY NEGATIVE IMPACT WOULD MAKE THEM TO RETRIVE THEIR FUNDS FROM THE MARKETS AND MARKETS WOULD COLLAPSE. TODAY IF NIFTY TRADES ABOVE 5454 IT IS A POSITIVE SIGN AND MAY TAKE OFF TO 5476 AND BELOW 5430 LIKELY TO COME DOWN TO 5413 AND THEN TO 5397 LEVELS AND ANY BREAK BELOW 5376 WOULD DRAG FURTHER DOWNSIDE. STAY CAUTIOUS IN THE PRESENT MARKETS AND THERE WOULD BE ONLY STOCK SPECIFIC MOVES ON THE CARD. WATCH OUT VERY CAREFULLY AND STAY ON CASH, YOU WILL FIND VERY GOOD OPPORTUNITIES TO INVEST.

BUY RECLTD SL 313 TGT 318/320/324
BUY DISHTV SL 45.9 TGT 46.8/47.4/47.9
BUY LAKSHMI VILAS BANK SL 109.8 TGT 113/115/117 (MEDIUM TERM 140)
BUY ADANI ENTERPRISES SL 606 TGT 622/633/649
BUY BANK OF INDIA SL 434 TGT 442/447/452

INTRADAY TIPS FOR 02 AUGUST 2010

GOOD MORNING!!!

KEY INDICES EDGED LOWER ON FRIDAY IN THE OPENING TRACKING ASIAN STOCKS WHICH HAVE EDGED LOWER IN TRADE BUT WITH RELIANCE PULLING BACK MARKETS RECOVERED FROM EARLY LOSSES. MARKET MOVED IN A NARROW RANGE BOUND AND TRADING WAS VOLATILE TILL MID-AFTERNOON MARKET STARTED DECLINING FAST IN THE LATE TRADE, MARKET HITS FRESH INTRADAY LOWS AND CLOSED IN LOWER LOWS, FMCG, CAPITAL GOODS AND IT STOCKS FELL THE MOST. THOUGH THERE WAS HUGE SELLING PRESSURE AT THE END OF THE TRADING SESSION FII'S CONTINUE TO MOP UP INDIAN STOCKS, THEY HAVE BOUGHT SHARES WORTH A NET OFRS. 8109.64 CRORES IN JULY, THE CONTINUES SELLING OF DII'S HAS BEEN ABSORBED COMPLETELY BY FII'S, TILL NOW DII'S HAVE SOLD 6193.15 CRORES IN JULY. IN THE MONTH OF JUNE FII'S HAVE PUMPED IN 7713.97 CRORES AND DII'S HAVE SOLD 4777.05 CRORES. THE SUSTAINED AND CONTINUOUS BUYING IN THE MARKETS BY FII'S HAVE TRIGGERED THE MARKETS TO THE FRESH HIGHS OF LAST ONE AND HALF YEARS.

TODAY MARKETS WOULD BE RANGE BOUND AND MAY TRIGGER UPSIDE INITIALLY ON EXTERNAL FACTORS BUT ONE HAS TO REMEMBER THAT MARKETS ARE ALMOST AT THEIR PEAKS AND IS EXPECTED TO CORRECT FROM HERE-ON OR IT WILL CONSOLIDATE AND THEN MOVE FORWARD. IF MARKETS MOVE FROM HERE ON WITHOUT RETRACING OR CORRECTING THEN IT IS A SIGN OF CAUTION AND MAY CRACK DOWN WITH FORCE ANY TIME AND IS NOT A HEALTHY MOVE IN THE MARKET SO ONE HAS TO CONSIDER THESE FACTORS AND STAY CAUTIOUS MARKETS. ONE MORE IMPORTANT NOTE IS ON THE CORPORATEFRONT, THE COMBINED NET PROFIT OF TOTAL OF 1025 COMPANIES FELL 8.5% TO 48549 CRORES ON 22.6% RAISE IN SALES TO 570313 CRORES IN Q1 JUNE 2010 OVER Q1 JUNE 2009. ONE VERY POSITIVE POINT IN THE MARKETS IS GOOD MANSOONS WHICH WERE RUNNING IN DEFICIT ARE NOW EXPECTED TO BE 102% OF THE LONG-PERIOD AVERAGE. TODAY IF NIFTY TRADES ABOVE 5390 THEN LIKELY TO MOVE UP TO 5411 AND ANY BREAK AND TRADE ABOVE 5411 IS LIKELY TO MAKE AN UPMOVE TO 5450 LEVELS AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5370 THEN WILL COME DOWN TO 5335 AND ANY BREAK BELOW THIS POINT WOULD TAKE NIFTY TO 5254 LEVELS AND NIFTY MAY TAKE STRONG SUPPORT AT 5240 LEVELS.

BUY HCC SL 134 TGT 138/140/145
BUY REDIGTON (I) SL 415 TGT 435/447/468*
BUY STRIDES ARCOLAB SL 362 TGT 371/376/385*
POSITIONAL TRADES
BUY GATI CMP 84.5 TGT 100

INTRADAY TIPS FOR 30 JULY 2010

GOOD MORNING !!!

MARKETS EDGED LOWER IN EARLY TRADE ON WEAK ASIAN STOCKS. MARKET WAS VERY VOLATILE MOVING BETWEEN POSITIVE AND NEGATIVE TERRAIN NEAR THE FLAT LINE EARLIER IN THE DAY AND SLIPPED TO RED FOR A BRIEF PERIOD IN LATE TRADE BUT LATER TOOK OFF TO FRESH INTRADAY HIGHS AT THE FAG END OF THE TRADING SESSION AS THE GLOBAL STOCKS ROSE, ALONG WITH LATEST DATA SHOWING REVIVAL IN MANSOON RAINS THIS MONTH AND EASING OF FOOD INFLATION SUPPORTED THE SENTIMENT AT THE END OF THE SESSION, THOUGH MARKET WAS POSITIVE OVER ALL MARKET BREADTH WAS NEGATIVE.

TODAY NIFTY WOULD TRADE LOWER IN THE OPENING, BUT LIKELY TO REMAIN IN A RANGE BOUND AND CONSOLIDATE AT THE CURRENT LEVEL TO GIVE ANY FURTHER BREAKOUT EITHER UPSIDE OR DOWNSIDE, WE EXPECT NIFTY TO MOVE UP TO 5700 BUT CORRECTION AT THE CURRENT LEVELS IS MUCH EXPECTED BEFORE GIVING ANY CORRECTION IT WOULD NOT BE A HEALTHY SIGN OF UP MOVE FROM HERE ON AS INVESTORS WOULD NEED TO BE VERY CAUTIOUS IF NIFTY DOESNT MAKE A COME BACK FROM THE CURRENT LEVELS BUT ANY BUYING SHOULD BE ENCOURAGED ONLY ABOVE 5450 LEVELS AND 5350 WOULD ACT AS A GOOD SUPPORT AND ANY SELLING IN THE MARKET IS MOST APPROPRIATE BELOW 5350 ON POSITIONALLY. ON THE INTRADAY FRONT IF NIFTY TRADES BELOW 5380 THEN LIKELY TO COME DOWN TO 5350 AND ANY BREAK BELOW THIS LEVEL WOULD DRAG FURTHER DOWN TO 5320 LEVLES AND ON THE UPSIDE IF NIFTY TRADES ABOVE 5411 THEN LIKELY TO MOVE UP TO 5450 LEVELS AND ANY BREAK ABOVE 5450 WOULD TAKE TOUGH RESISTANCE AROUND 5480 LEVELS ANY BREAK ABOVE 5480 WOULD TAKE NIFTY UPSIDE ON A FAST NOTE. STAY CAUTIOUS AT HIGHER LEVELS AND THERE ARE FEW DISAPPOINTING RESULTS ON THE BOARD SO STAY CAUTIOUS.

SELL SIEMENS SL 726 TGT 711/706/698
SELL DLF SL 313 TGT 307/304/301
SELL HEROHONDA SL 1881 TGT 1854/1825/1800
BUY INOX SL 70 TGT 75/78/80

INTRADAY TIPS FOR 29 JULY 2010

GOOD MORNING!!!

LATE TRADE AS PLAYED A SPOIL SPORT IN THE MARKETS, INDICES HIT FRESH INTRADAY LOWS IN THE LATE TRADE AS EUROPEAN STOCKS TUREND SOUR. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES FELL AFTER IT RESULTS AS KEY PRODUCTION IS LIKELY TO STAGNATE AT 60 MILLION STANDARD CUBIC METRES OF GAS A DAY FOR THE NEXT 9 TO 12 MONTHS. MARKET INITIALLY FLEW UP HIGH ON HIGHER ASIAN MARKETS BUT COULDNT MANAGE TO HOLD IT AND SLID DOWN BY MORE THAN 200 POINTS IN THE SECOND HALF OF THE DAY, DURING THE ENTIRE DAY MARKET WAS HOVERING AROUND A NARROW RANGE BUT LATER GAVE UP THERE WAS A VERY HIGH VOLATALITY ON ACCOUNT OF EXPIRY.

TODAY MARKETS WOULD OPEN NEGATIVE AND WILL HAVE A VERY VOLATILE SESSION AHEAD OF EXPIRY. IF NIFTY TRADES BELOW 5375 THEN LIKELY TO COME DOWN TO 5350 LEVLES AND ANY BREAK BELOW THIS LEVEL WOULD DRAG NIFTY TO FURTHER DOWNSIDE. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5390 THEN WE MAY SEE NIFTY TO MOVE UP TO 5411 AND ANY TRADE ABOVE THIS LEVEL WOULD TAKE NIFTY TO 5450 LEVELS. ONE HAS TO STAY VERY CAUTIOUS IN THE MARKET AT THE CURRENT SITUATION AND DONT TAKE ANY FRESH POSITIONS FOR CARRY OVER WAIT TILL THE NEXT CONTRACT STARTS WITH CAUTION. WE MAY SEE VERY STOCK SPECIFIC MOVE ON THE UPSIDE.

SELL WIPRO SL 414 TGT 405/401/398
SELL HINDPETRO SL 445 TGT 433/429/425
SELL RELIANCE SL 1023 TGT 1010/1005/1000
SELL TATA MOTORS SL 860 TGT 848/840/834