INTRADAY TIPS FOR 10 AUGUST 2010

GOOD MORNING!!!

INDICES SURGED TO 2-1/2-YEAR HIGHS AT THE FAG END OF THE TRADING SESSION ON THE FOLLOWING GROUNDS.
1. SOON AFTER REPORTS FILTERED IN THAT THE GOVERNMENT HAS EXEMPTED LISTED STATE-RUN FIRMS FROM A RULE THAT MANDATES A MINIMUM 25% PUBLIC SHAREHOLDING.
2. A FURTHER IMPROVEMENT IN SOUTHWEST MONSOON RAINS,
3. SUSTAINED BUYING BY FOREIGN FUNDS AND FIRM GLOBAL STOCKS. FOREIGN FUNDS BOUGHT EQUITIES WORTH A NET RS 2762.21 CRORE IN THE FIRST FIVE TRADING DAYS THIS MONTH, TILL 6 AUGUST 2010, ABSORBING SELLING OF RS 1129.62 CRORE FROM DOMESTIC FUNDS, AS PER DATA FROM THE STOCK EXCHANGES.
THE ABOVE POINTS HAVE UNDERPINNED SENTIMENTS IN THE MARKETS THEIR BY TRIGGERING THE MARKETS HIGHER. BANKING, REALTY, METAL AND CONSUMER DURABLES STOCKS WERE IN DEMAND. BUT, INDEX HEAVYWEIGHT RELIANCE

TODAY MARKETS WOULD OPEN FLAT AND REMAIN IN CONSOLIDATION AS INDICES ARE AT HIGHER LEVELS AND LIKELY TO HAVE GOOD RESISITANCE AT HIGHER LEVELS. ONE HAS TO BE VERY CAUTIOUS IN THE MARKETS AT THE CURRENT SITUATION AS INDICES ARE AT OVERBOUGHT REGION AND LIKELY TO RETRACE AT ANY GIVEN POINT IN TIME SO IT IS ADVISED TO STAY INVESTED ONLY 25% OF THE CAPITAL AND THAT TOO IN STOCK SPECIFIC COUNTERS. WE MAY SEE NIFTY TO FACE TOUGH RESISTANCE AT HIGHER LEVELS. ON INTRADAY BASIS IF FNITY TRADES BELOW 5500 THEN LIKELY TO COME DOWN TO 5470 AND BREAK BELOW THIS LEVEL WOULD COME TO 5450 LELVELS AND ANY BREAK BELOW THIS LEVEL IS CONSIDERED TO BE WEAK AND NIFTY CAN DRAG DOWN TO 5400 LEVELS AND IT IS EXPECTED THAT MARKET IS LIKELY TO COME DOWN FROM THIS PHASE. ON THE UPSIDE IF NIFTY TRADES ABOVE 5500 THEN LIKELY TO MAKE AN UPMOVE TO 5560 LEVELS. AND ONE HAS TO BEAR IN MIND NOT TO CAPTIVATE ON BUYING OPPORTUNITIES TRY TO GRAB THE OPPORTUNITY ON SELLING SIDE.

BUY UNITECH SL 89.4 TGT 92.5/94/96
BUY JUBLI. FOOD SL 460 TGT 483/495/508
BUY HIMACHAL FUTURIS SL 11 TGT 11.4/11.8/12
BUY ESSAR SHIPPING SL 125.8 TGT 136/143/146 (SHORT TERM 175)
BUY DCM LTD SL 104.7 TGT 111/114.7/118
BUY ARVIND MILLS SL 38.5 TGT 39.5/40.4/41 (SHORT TERM 45)

BUY BANK NIFTY PUTS OF STRIKE 10300/10400/10500 AND TAKE MIN 100% RETURN

INTRADAY TIPS FOR 09 AUGUST 2010

GOOD MORNING!!!

LAST TRADING DAY MARKETS HAVE OPENED HIGHER BUT COULDNT SUSTAIN AT HIGHER LEVELS, MARKETS STARTED CRAKING NO SOONER IT REACHED HIGHER LEVELS AND DRAGGED DOWN ON CONCERNS OF EUROPEAN AND US INDICIES. MARKETS AT THE END RETRACED. BANKING, IT AND REALITY ALL THE SECTORAL INDICES FELL AND CLOSED IN RED.

WE HAVE SEEN ONLY STOCK SPECIFIC MOVES AND WE MAY CONTINUE TO SEE STOCK SPECIFIC MOVES BASED ON THE FIRST QUARTER RESULTS. WE MAY SEE SOME PROMINENT FIRST QUARTER RESULTS AND MONETARY POLICY MEETING OF US FEDERAL RESERVE WHICH WOULD BE IN FOCUS IN THE WEEK AHEAD, WE MAY SEE SOME KIND OF CONSOLIDATION AT HIGHER LEVELS. THE MANSOON ARE EXCEPTIONALLY GOOD IN THE COUNTRY THIS IS ONE OF VERY POSITIVE SIGN. THE COMBINED NET PROFIT OF A TOTAL OF 2080 COMPANIES FELL 9.2% TO 57560 CRORES ON 20.7% RISE IN SALES TO 707925 CRORES IN Q1 JUNE 2010 OVER Q1 JUNE 2009. FOOD INFLATION HAS EASED TO 13 MONTH LOW . TODAY MARKETS WOULD OPEN FLAT TO NEGATIVE AND TRADE IN A NARROW RANGE, IF NIFTY TRADES BELOW 5430 THEN LIKELY TO COME DOWN TO 5400 AND BREAK BELOW 5397 WOULD DRAG NIFTY TO 5376 LEVLES AND ANY BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5350 LEVELS AND CLOSE BELOW 5400 WOULD BE CONSIDERED NEGATIVE IN THE NEAR TERM. ON THE POSITIVE SIDE IF NIFTY TRADE ABOVE 5476 THEN LIKELY TO TAKE NIFTY TO 5493 LEVELS AND ANY BREAK ABOVE 5500 THEN WE MAY SEE NIFTY TO GO TO 5560 LEVELS. ONE IS ADVISED TO STAY OUT WITH CASH IN THE MARKETS AS MARKETS HAVE POTENTIAL UPSIDE OF ONLY 100 POINTS BUT HAS A GOOD AMOUNT OF DOWNSIDE ON RETRACEMENT FRONT SO STAY CAUTIOUS AND TAKE ONLY STOCK SPECIFIC ON UPSIDE. MAY SEE SOME GOOD MOVEMENT IN FERTILIZERS.

BUY ABB SL 804 TGT 820/827/838
BUY HINDUJA TMT SL 445 TGT 476/485/494
BUY GSPL SL 110 TGT 112/113/114.8
BUY MAYTAS SL 232 TGT 238/241/246
BUY GJHL SL 163 TGT 168/171/175

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