INTRADAY TIPS FOR 25 AUGUST 2010

GOOD MORNING!!!

INDICES OPENED NEGATIVE UNDER PRESSURE FROM ASIAN MARKETS AND CONTINUED ITS LOOSING STREAK TRACKING WEAK EUROPEAN MARKETS, BEARISH SENTIMENTS ACROSS GLOBAL MARKETS LEAD THE INDIAN BOURSES TO CLOSE IN THE RED. THOUGH NIFTY WAS NEGATIVE MANAGED TO CLOSE ABOVE 5500. ALL THE SECTORAL INDICIES WERE IN RED AND REALITY WAS THE MOST EFFECTED AMONGST ALL THE SECTORS, IT, MIDCAPS HAVE ALSO LOST THEIR GROUND. MARKETS AFTER A DROP OF 60 POINTS ENDED 26 POINTS LOWER RECOVERING ALMOST 35 POINTS FROM THE LOWS. MARKET BREADTH WAS WEAK.

TODAY MARKETS LOOK WEAK ON GLOBAL CUES AND MARKET MAY SEE SOME KIND OF PRESSURE BOTH FROM GLOBAL CUES AS WELL AS FNO EXPIRY ON THURSDAY. THOUGH MARKETS ARE TRADING IN NEGATIVE ZONE, STRUCTURALLY IT IS SHOWING LOT OF STRENGTH. ONE HAS TO BE VERY CAREFUL ON BOTH THE SHORT AS WELL AS LONG SIDE AS WE HAVE NOT ENTERED INTO ANY BEARISH PHASE AND WE ARE STILL BULLISH BUT ONLY THING IS MARKET ARE ALMOST IN THE OVER BOUGHT REGION WHERE ONE IS ADVISED TO STAY ON THE SIDE LINES. TRADE STOCK SPECIFIC FOR ANY UPMOVE AND NOT TO INVEST ALL THEIR CAPITAL AT THIS STAGE AS THE SCOPE OF UPMOVE ON IMMEDIATE BASIS IS NOT VERY HIGH AND POTENTIAL DOWNSIDE IS MUCH HIGHER SO RISK REWARD IS VERY HIGH SO BETTER STAY ON SIDELINES AND STAY ON CASH. TODAY IF NIFTY TRADES BELOW 5490 THEN LIKELY TO COME DOWN TO 5463 AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY FURTHER DOWN TO 5428 ANY CLOSE BELOW 5480 IS WEAK. ON THE POSITIVE SIDE IF NIFTY TRADES 5525 LIKELY TO MAKE AN UPMOVE TO 5540 AND ANY BREAK ABOVE THIS LEVEL WOULD TAKE IT TO 5560 AND THIS IS CONSIDERED TO BE THE TOUGHEST RESISTANCE ANY BREAK ABOVE WE WOULD HEAD HIGHER ON SHORT COVERING. PHARMA AND POWER LOOKS GOOD.

BUY PTC SL 123 TGT 126/128/129.6
BUY IND SWIFT LABS SL 113.9 TGT 121/125/132
BUY MID-DAY SL 35.7 TGT 36.45/37/37.8
BUY VOLTAMP SL 1099 TGT 1157/1175/1195
BUY SURYA PHARMA SL 285 TGT 300/315/333 (POSITIONAL 380/550)
POSITIONAL TRADES
BUY HCL INFOSYSTEMS TGT 137*
BUY AJANTA PHARMA TGT 300*

INTRADAY TIPS FOR 24 AUGUST 2010

GOOD MORNING!!!

INDICES END FLAT WHILE VOLATALITY WAS HIGH AS TRADERS ROLLED OVER POSITIONS FROM THE CURRENT MONTH TO THE NEXT MONTH AHEAD OF EXPIR. NIFTY HAS HIT 31 MONTH HIGH ON THE INDEX. THE MARKET WAS VOLATILE. THE MARKET LOST GROUND SOON AFTER A POSITIVE START. THE MARKET ONCE AGAIN SLIPPED INTO THE RED LATER. THE MARKET MOVED IN A NARROW RANGE IN THE MID MORNING TRADE. FRESH BUYING HAS PAVED WAY FOR THE MARKETS TO 31 MONTHS HIGH. THE MARKET BREADTH WAS STRONG THERE WAS FRESH BUYING SEEN ON STOCK SPECIFIC BANKING SECTOR AND AUTO SHARES.

TODAY MARKETS LIKELY TO OPEN NEGATIVE TRACKING NEGATIVE US INDICES AND WEAK ASIAN MARKETS. WE MAY SEE MARKETS TO BE VERY VOLATILE AND REMAIN IN A RANGE BOUND AHEAD OF EXPIRY IN THIS WEEK. TODAY IF NIFTY TRADES BELOW 5524 THEN LIKELY TO COME DOWN TO 5507 AND BELOW THIS LEVEL WOULD TAKE NIFTY TO 5480 AND ANY CLOSE BELOW 5500 IS WEAK AND ONE CAN SEE FURTHER DOWNSIDE THIS LEVEL ON A POSITIONAL TRADE. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5540 THEN LIKELY TO MOVE UP TO 5560 AND THEN ANY BREAK AND TRADE ABOVE THAT POINT WOULD TAKE NIFTY TO 5590 AND ANY CLOSE ABOVE THIS POINT WOULD DRIVE MARKETS CRAZY ON SHORT COVERING AND MAY HEAD MUCH HIGHER THAN ANTICIPATED.

BUY INDIAN HOTELS SL 108 TGT 110/111/112
BUY JINDAL SOUTH WEST HOLDINGS SL 1854 TGT 1890/1915/1940
BUY APOLLO TYRE SL 75.8 TGT 78/79.9/80.7
BUY LANCO INFRATECH SL 73.3 TGT 75/76/77
BUY JINDALY POLY FILMS SL 755 TGT 800/833/850 (SHORT TERM 1000)
BUY JINDAL PHOTO SL 255.8 TGT 272/283/290
POSITIONAL TRADES
BUY VIDEOCON INDUSTRIES TGT 297/350
BUY GLENMARK TGT 350

INTRADAY TIPS FOR 23 AUGUST 2010

GOOD MORNING!!!

WEAK GLOBAL CUES WEIGHED ON THE INVESTORS SENTIMENT ON THE WEEKEND. INDICES EDGED LOWER BREAKING TWO-DAY GAINS AS SOME OF THE PIVOTALS FELL ON PROFIT TAKING NOTE. ALMOST ALL THE WORLD MARKETS DECLINED ON GLOBAL ECONOMIC WORRIES. MARKET BREADTH WAS NEGATIVE BANKING, IT, TELECOM AND FEW OF THE AUTO STOCKS DECLINED BUT ONLY SECTOR WHICH ROSE ON FRIDAY WAS REALITY. THERE WAS HUGE VOLATALITY WHICH WAS WITNESSED AT THE START OF THE TRADE THOUGH THERE WAS LITTLE RECOVERY SOON AFTER THE FALL OF THE MARKET IT PROVED TO BE SHORT LIVED AND INDICES LOST IT GROUND IN THE MID AFTERNOON AND IT TRADED IN A VERY NARROW RANGE BUT WEAKNESS PERSISTED ON THE BOURSES IN LATE TRADE. THERE WAS HUGE BUYING FROM FOREIGN FUNDS WHICH AMOUNTED TO 6365.98 CRORES TILL 19 AUGUST 2010 WHICH HAS ABSORBED THE SELLING OF 3047.42 CRORES FROM DOMESTIC FUNDS.

MARKETS LOOK FLAT AND RANGE BOUND THOUGH WE ARE IN A OVER-BOUGHT REGION ONE SHOULD BE VERY CAREFUL ON BOTH THE SIDE AS THE UPSIDE IS VERY LIMITED AND WE MAY RETRACE A BIT TO FURTHER PULL UP SO WHEN MARKETS SLIDE IT WILL GIVE YOU A CLEAR INDICATION FOR A DOWNSIDE WHICH MAY BE AROUND 200 TO 300 POINTS IN NIFTY BUT AT THIS STAGE WE ARE STILL UNCLEAR OF DOWNTREND IN THE MARKET, THE FOREIGN FUND BUYING CLEARLY INDICATES A LOT OF STRENGTH IN THE MARKETS. ONE CANNOT IGNORE THAT THE LONG TERM VIEW ON THE INDIAN MARKET WHICH LOOKS VERY STRONG WHEN COMPARED TO ITS PEERS, THERE IS HIGH FLOW OF FOREIGN FUNDS WHICH CLEARLY INDICATES THE LONG TERM BULLISHNESS IN THE MARKETS. TODAY IF NIFTY TRADES ABOVE 5540 THEN LIKELY TO TAKE OFF TO 5560 AND THEN ABOVE THAT POINT 5590 BUT ONE HAS TO REMEMBER THAT IF ANY FURTHER BUYING CROPS IN THEN WE WOULD SEE LOT OF SHORT COVERING TO TAKE PLACE AND MARKET MAY MOVE UP FUTHER AS SPECIFICALLY TOLD IN THE EARLIER POSTS THAT MARKETS LIKELY TO TOUCH 5560 ANY TRADE ABOVE THAT WOULD HAVE ONLY ONE RESISTANCE POINT I.E., 5600 BUT ANY BREAK IN THIS PSYCHOLOGICAL FIGURE WOULD TAKE MARKETS MUCH HIGHER ON SHORT COVERING. ON THE NEGATIVE SIDE ANY BREAK BELOW 5500 WOULD TAKE DOWN TO 5470 ONLY BELOW 5470 ONE CAN GO SHORT POSITIONALLY UNTIL THEN ITS ONLY A INTRADAY PLAY. REMEMBER FOR SHORTING THERE IS LOT OF SCOPE GOING FORWARD DON’T INTIATE SHORTS IN HURRY YOU WILL SEE MARKETS TO FUMBLE WHEN PROFIT BOOKING TAKES PLACE AND ONE CAN ENTER SHORTS AT THAT TIME WHEN MARKETS ARE COMING DOWN WITH GOOD VOLUMES UNTIL THEN STAY ON SIDELINES AND DON’T CARRY OVER SHORTS TO THE NEXT DAY. MARKETS ARE STILL BULLISH. DON’T INVEST MORE THAN 30% IN THE MARKET RETAIN CASH.

BUY DLF SL 332 TGT 338.75/343/349
BUY IDFC SL 186 TGT 192/194/196
BUY LARSEN & TOUBRO SL 1855 TGT 1877/1889/1900*
BUY FINANCIAL TECHNOLOGIES SL 1400 TGT 1428/1444/1472 (SHORT TERM 1550)*
BUY IND SWIFT LABS SL 93 TGT 97/99/102.5 (SHORT TERM 135)*

POSITIONAL TRADES
BUY JET AIRWAYS TGT 1000
BUY VARUN INDS TGT 200*
BUY BF UTILITIES 1400/1600*
BUY DCB TGT 66*
BUY RELIANCE MEDIA TGT 260/300
BUY BHUSHAN STEEL 2200/2500*

INTRADAY TIPS FOR 20 AUGUST 2010

GOOD MORNING!!!

INDICES SURGED YET AGAIN ON A STRONG NOTE, BULLS HAVE TAKEN TOTAL CONTROL OF THE MARKETS. MARKETS SURGED TO THE NEW HIGHS HITTING TWO AND HALF YEARS HIGH EXTENDING THE GAINS OF WEDNESDAY. ANOTHER IMPORTANT ASPECT IS, EASING OF FOOD AND FUEL INFLATION WHICH HAS EASED THE PRESSURE ON CENTRAL BANK MONETORY POLICY, WHICH HAS ADDED SOME MORE ESSENCE TO THE MARKETS UP MOVE. MARKET BREADTH WAS POSITIVE. BANKING AND FINANCIAL SHARES RALLIED ON FRESH BUYING THERE WERE LOT OF FRONT END COUNTERS LIKE HDFC, ICICI BANK, ITC, UNION BANK, CANARA BANK, ITC BAJAJ AUTO REGISTERED THEIR LIFE HIGHS. ALL-IN-ALL WE HAVE SEEN SUSTAINED AND CONTINUAL BUYING FROM FOREIGN INSTITUTIONAL INVESTORS WHICH IS TRIGGERING THE MARKETS TO HIGHER HIGHS.

TODAY MARKETS WOULD OPEN WEAK TRACKING NEGATIVE US AND EUROPEON CLOSING ALONG WITH WEAK ASIAN OPENING. ONE HAS TO BEAR IN MIND THAT AS LONG AS FOREIGN FUNDS ARE BUYING THERE IS NO POINT WERE WE CAN SEE MARKETS TO CRACK DOWN ONE HAS TO BE VERY CAREFUL IN THIS PHASE AND STAY ON CASH. IF MARKET SEE FURTHER UPSIDE THEN WE WOULD SEE THERE WOULD LOT OF SHORT COVERING TO TAKE PLACE WHICH WOULD GUIDE THE MARKET TO FURTHER NEW HIGHS. THOUGH THE MARKET LOOKS TO BE ON THE OVER BOUGHT REGION IN THE SHORT TERM BUT THE LONG TERM OUTLOOK REMAINS VERY STRONG. IF NIFTY TRADES BELOW 5520 THEN LIKELY TO COME DOWN TO 5494 LEVELS AND ANY BREAK BELOW THIS LEVEL WOULD DRAG NIFTY FURTHER TO 5464 LEVELS ANY CLOSE BELOW 5437 IS A WEAK CLOSING AND ONE CAN INITIATE FRESH SHORTS BELOW THIS LEVEL. ON THE POSITIVE SIDE IF NIFTY TRADES 5535 LIKELY TO MOVE UP TO 5560 AND ANY TRADE ON VOLUMES WOULD TAKE IT TO 5700 LEVELS. THERE IS EVERY POSSIBILITY THAT NIFTY MAY MOVE UP FURTHER ON SHORT COVERING. STAY VERY CAUTIOUS IN THE MARKETS. ONE CAN SEE CEMENT STOCKS AS BUYING OPPORTUNITY ON DECLINES WITH STRICT STOPLOSS.

BUY BALLARPUR ABOVE 38.5 SL 38 TGT 39.7/40.1/40.5
BUY RUCHI SOYA ABOVE 116.5 SL 115 TGT 119.3/122/126
BUY MVL LTD ABOVE 111.6 SL 109 TGT 115.5/119.75/122.2
BUY UNION BANK ABOVE 367.5 SL 364.5 TGT 372/376/379.8
POSITIONAL TRADES
BUY PATNI TGT 625*

INTRADAY TIPS FOR 19 AUGUST 2010

GOOD MORNING!!!

INDICES SURGED TO HIT FRESH INTRADAY HIGH IN THE LATE TRADE OF THE DAY. ONE AND THE ONLY KEY DRIVING FORCE IN THE MARKET IS FOREIGN FUNDS CONSISTANT AND SUSTAINED BUYING FOR THE PAST FEW DAYS. IT, METALS, AUTO, FMCG AND FERTILIZERS SURGED ALONG WITH BANKING. INITIALLY THOUGH MARKET OPEN HIGHER AND CONTINUED ITS RALLY TILL NOON AND GAVE UP ALL ITS GAINS IN THE AFTERNOON AND HIT FRESH INTRADAY LOWS AND THEN IN THE LATE AFTERNOON MARKETS TOOK OFF ON CONTINUED AND SUSTAINED BUYING AT A LIGHTENING SPEED WITH GOOD VOLUMES. IF ONE LOOKS AT THE FOREIGN FUND BUYING IN JULY IT STANDS AROUND 8320.5 CRORES WHICH HAS OBSORBED THE DOMESTIC FUNDS SELLING WORTH 6323.13 CRORES AND IN THE MONTH OF JUNE IT STANDS AT 7713.97 WHICH HAS OBSORBED THE SELLING OF 4777.05 CRORES OF DOMESTIC FUNDS.

TODAY MARKET LOOKS POSITIVELY FLAT, AS NIFTY CLOSED AT HIGHER LEVELS OF TRADE IN THE LAST TRADING DAY WHICH INDICATES A POSITIVE SIGN. AS MARKETS ARE AT HIGHER ZONES AND PSYCHOLOGICALLY IT MAY RESIST TO MOVE ABOVE 5500 LEVELS BUT ONCE IF THIS LEVEL IS BROKEN THEN WE MAY SEE NIFTY TO MOVE UP TO 5560 LEVELS AND WE MAY EVEN SEE SOME GOOD SHORT COVERING AT THIS STAGE AND WE MAY HEAD FURTHER UPSIDE. BUT ANY NEGATIVE NEWS IN THE MARKET MAY DRAG NIFTY TO UNIMAGINABLE FIGURES AT THIS POINT IN TIME AS THERE IS HARDLY ANY RETAIL PARTICIPATION ON THE UPSIDE AND THERE MAY BE LOT OF SHORTS ADDING IN THE MARKET IF ANY EXTERNAL NEGATIVE FACTORS CROP-IN. ON THE NEGATIVE SIDE IF NIFTY TRADE BELOW 5470 THEN WE MAY SEE NIFTY COME DOWN TO 5445 AND THEN TO 5409 LEVELS. FERTILIZER STOCKS LOOK GOOD.

BUY HINDALCO SL 173 TGT 178/180/183.75
BUY UNITED PHOSPHOROUS SL 194 TGT 198/200/203
BUY RANBAXY SL 470 TGT 478/483/490
BUY HDFC BANK SL 2185 TGT 2215/2230/2256
BUY DEEPAK FERTILIZERS SL 160 TGT 165.75/168.9/174
BUY INDIAN HOTELS SL 108 TGT 110.2/111.3/113

POSITIONAL TRADES
KFA TGT 70/85

INTRADAY TIPS FOR 18 AUGUST 2010

GOOD MORNING!!!

INDICES HAVE MANAGED TO CLOSE FLAT AFTER TRADING ON A POSITIVE AND NEGATIVE TERRIAN FOR THE ENTIRE DAY. EARLIER IN THE DAY MARKET EDGED HIGHER IN EARLY TRADE AS US INDEX FUTURES ROSE THERE AFTER MARKET WAS VOLATILE. MARKET RECOVERED FROM NEGATIVE ZONE TO POSITIVE TRACKING FIRM EUROPEAN STOCKS AND US INDEX FUTURES. FMCG STOCKS ROSE. BUT, IT STOCKS FELL AS TEPID US CONSUMER DATA REIGNITED FEARS ABOUT SLOWER US GROWTH SINCE US IS THE BIGGEST MARKET FOR INDIAN IT FIRMS. BANKING STOCKS ROSE. THE MARKET BREADTH WAS NEGATIVE IN CONTRAST TO A STRONG BREADTH EARLIER IN THE DAY.

TODAY MARKETS LOOK POSITIVE ON THE POSITIVE OUT LOOK OF ASIAN MARKETS AND STRONG CLOSING OF US AND EUROPEAN MARKETS. TODAY IF NIFTY TRADES ABOVE 5440 THEN LIKELY TO MAKE AN UPMOVE TO 5470 LELVELS AND ANY BREAK ABOVE 5476 WOULD TAKE NIFTY TO 5490 LEVELS AND ANY TRADE ABOVE 5500 WOULD TAKE NIFTY TO 5560. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5419 THEN LIKELY TO COME DOWN TO 5397 LEVELS AND BREAK BELOW 5397 WOULD TAKE NIFTY TO 5360 LEVELS. STAY CAUTIOUS AT HIGHER LEVELS.

BUY ITC SL 159.65 TGT 160.8/162.2/162.85
BUY HIND PETRO SL 490 TGT 502.3/510/514.85*
BUY HAVELLS SL 809 TGT 834/851/872 (SHORT TERM 920)
BUY UNITED BREWERIES SL 354 TGT 373/385/394 (MEDIUM TERM 550/690)
BUY BANK OF BARODA SL 827 TGT 845/861/871 (SHORT TERM 922)
BUY IDBI SL 128 TGT 131/132.7/133.9 (SHORT TERM 137/150)
POSITIONAL TRADES
BUY IOC TGT 425/470
BUY CANARA BANK TGT 600/750
BUY UCO BANK TGT 130/175
BUY SAREGAMA TGT 150/180

INTRADAY TIPS FOR 17 AUGUST 2010

GOOD MORNING!!!

WEEK KICK STARTED WITH DOUBTS OVER GLOBAL ECONOMIC RECOVERY AND INDICES EDGED LOWER IN THE LATE TRADE. IT, REALTY AND METALS STOCKS FELL. THE MARKET BREADTH WAS WEAK, IN CONTRAST WITH A STRONG BREADTH EARLIER IN THE DAY. VOLATALITY WAS IMMENSE INITIALLY WITH THE TRADE RANGE BEING VERY NARROW, INDICES SWUNG BETWEEN GAINS AND LOSSES.AND LATER TURNED WEAK TRACKING EUROPEAN MARKETS AND US INDEX FUTURES WHICH EDGED LOWER. ALL IN ALL MARKET BREADTH TURNED WEAK IN THE LATE TRADE.

TODAY MARKETS WOULD OPEN FLAT AND REMAIN IN RANGE BOUND UNTIL THE BELOW MENTIONED LEVELS ARE SURPASSED. IF NIFTY TRADES ABOVE 5442 THEN LIKLEY TO MAKE AN UPMOVE 5470 LEVELS AND ANY BREAK ABOVE 5476 LEVELS MAY TAKE NIFTY TO 5490 LEVELS AND ANY CLOSE ABOVE 5490 MAY TAKE MARKET TO 5560 LEVELS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5393 THEN LIKELY TO COME DOWN TO 5365 LEVELS AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY FURTHER DOWNSIDE TO 5325 LEVELS AND ANY CLOSE BELOW 5320 MAY DRAG NIFTY FURTHER DOWNSIDE IN A VERY SHORT NOTE. STAY AWAY FROM NIFTY IF NIFTY CLOSES BELOW 5440 LEVELS.

BUY DISHTV SL 51 TGT 52.4/53/54
BUY WOCKHARDT LTD SL 187 TGT 200/210/215
BUY ENIL SL 241 TGT 253/262/275
BUY CUMMINS SL 712 TGT 729/739/755
BUY PROVOGUE SL 66.4 TGT 68/69.35/70
BUY IBN18 SL 102.7 TGT 106.8/109/110.7 (SHORT TERM 123)
POSITIONAL TRADES
BUY MANJUSHREE TGT 82/105