INTRADAY TIPS FOR 03 SEPTEMBER 2010

GOOD MORNING!!!

INDICES OPENED ON A STRONG NOTE TRACKING US & EUROPE CLOSING AND POSITIVE START FROM ASIAN PEERS, BUT COULD NOT HOLD THE GAINS. MARKETS STARTED GIVING AWAY SLOWLY ALL THE GAINS IN A VERY VOLATILE TRADE. THE SELLING PRESSURE WAS SEEN IN LATE TRDE WHICH HAS WIPED AWAY ALMOST ALL THE GAINS. THE MARKET BREADTH TURNED WEAK IN CONTRAST TO THE STRONG BREADTH EARLIER IN THE OPENING TRADE, ALL-IN-ALL CLOSED ON A POSITIVE BREADTH. THE MID CAPS AND SMALL CAPS HOGGED THE LIMELIGHT. THERE WAS BUYING INTEREST SEEN IN AUTO, BANKING, METALS AND CONSUMER GOODS, SUGAR STOCKS WERE THE MAJOR GAINERS OF THE DAY REPORTS ON POSSIBLE DECONTROL IN PRICES HAVE TRIGGERED ALL THE SUGARS STOCKS.

TODAY MARKETS LOOK FLAT AND VOLATILE. IF NIFTY TRADES BELOW 5474 THEN LIKELY TO NOSE DIVE TO 5438 LEVELS AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY TO 5414 LEVELS AND ANY CLOSE BELOW 5414 IS CONSIDERED TO BE WEAK AND MAY SEE FURTHER DOWNSIDE IN NIFTY IN COMING DAYS. ON THE POSITIVE FRONT IF NIFTY TRADES ABOVE 5510 THEN LIKELY TO MAKE AN UPMOVE TO 5540 AND BREAK ABOVE THIS POINT WOULD TRIGGER NIFTY TO 5560 LEVELS. ANY CLOSE ABOVE 5540 IS CONSIDERED TO BE VERY STRONG CLOSING.

BUY EXIDE INDS SL 155 TGT 159.5/162/165 (SHORT TERM 200)
BUY CORE PROJECTS SL 279 TGT 286/289.75/296.50
BUY VINDHYA TELELINK SL 348.9 TGT 369/381/388 (SHORT TERM 450)
BUY ISPAT INDS SL 19.75 TGT 20.40/20.85/21.10
POSITIONAL TRADES
BUY JINDAL DRILLING TGT 750
BUY CEAT TGT 200

INTRADAY TIPS FOR 02 SEPTEMBER 2010

GOOD MORNING!!!

STRONG GLOBAL CUES HAVE PUSHED THE BOURSES TO THE NEW INTRADAY HIGHS IN THE AFTERNOON SESSION OF THE MARKETS. MONTH STARTED ON A FIRM NOTE NULLIFYING ALMOST ALL THE LOSSES INCURRED IN THE LAST FEW TRADING SESSIONS. THE MAJOR TRIGGER IN THE MARKETS APART FROM THE GLOBAL CUES WERE STRONG AUTO SALES, DATA FROM MANUFACTURING SECTOR SHOWING EXPANSION AND RESUMPTION OF BUYING BY FOREIGN FUNDS THESE ALL THINGS HAVE UNDERPINNED THE SENTIMENT OF THE INVESTORS. MARKET INITIALLY OPENED HIGHER AND CONTINUED TO REMAIN IN A NARROW RANGE BOUND UNTIL AFTERNOON THERE AFTER TRACKING THE US AND EUROPEAN POSITIVE OPENING MARKET STARTED TO SHOW ITS MOMENTUM TOWARDS NORTH AND INCHED HIGHER. ALL THE SECTORAL INDICES WERE IN GREEN AND MARKET BREADTH IN THE OPENING WAS STRONG AND IT WAS MUCH STRONGER AT THE END OF THE TRADING DAY.

TODAY MARKETS LOOK POSITIVE ON GLOBAL CUES AS US AND EUROPE CLOSED POSITIVE AND POSITIVE OPENING OF ASIAN STOCKS WOULD TRIGGER INDIAN MARKETS IN THE OPENING BELL. NIFTY IN THE OPENING MAY GO UPTO 5520 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5545 LEVELS WHICH WILL ACT AS A TOUGH RESISTANCE AND IF THIS IS BREACHED WE CAN EXPECT IT TO TOUCH 5560 LEVELS THIS IS CONSIDERED TO BE A LONG TERM RESISTANCE IF NIFTY TRADES ABOVE 5560 THEN WE MAY SEE SOME SHORT COVERING AND BUILDUP IN OPEN LONGS AS WELL. ON THE DOWN SIDE NIFTY WOULD NOT LIKELY TO SEE ANY PRESSURE.

BUY HANUNG TOYS SL 308 TGT 316/324/333
BUY JSW STEEL SL 1170 TGT 1187/1199/1207
BUY DISH TV SL 53 TGT 54.8/56.3/57.20
BUY RUCHI SOYA SL 136 TGT 140/143.8/145.8*
BUY CENTURY TEXTILES SL 494 TGT 500/506/509

POSITIONAL TRADES
BUY FDC TGT 125/145

INTRADAY TIPS FOR 01 SEPTEMBER 2010

GOOD MORNING!!!

MARKETS WERE ON A SEE-SAW MOVE RIGHT FROM THE BEGINNING OF THE TRADE, VOLATALITY RULED THE ROOST AS THE INDICES HAVE ERASED THE ENTIRE INTRADAY LOSSES IN THE LATE TRADE. INITIAL DOWNFALL IN THE MARKETS WERE TRIGGERED ON DATA SHOWING STRONG ECONOMIC EXPANSION IN THE FIRST QUARTER, THE ECONOMY EXPANDED AT THE FASTEST PACE IN TWO AND HALF YEARS IN Q1 JUNE 2010. THOUGH WEAKNESS PERSISTED ALL OVER THE WORLD INDICES MARKETS STILL MANAGED TO REBOUND, DESPITE MARKET TURNING TO CLOSE AROUND POSITIVE ZONE MARKET WAS WEAK AS ALMOST ALL THE SECTORAL INDICES WERE IN RED.

TODAY MARKETS WOULD REMAIN FLAT. GLOBAL MARKETS ARE MIXED WE MAY SEE OUR MARKETS TO REMAIN FLAT. IF NIFTY TRADES ABOVE 5424 THEN LIKELY TO MOVE UP TO 5450 AND BREAK ABOVE THIS POINT WOULD LEAD TO 5470. ON THE DOWN SIDE IF NIFTY TRADES BELOW 5389 THEN LIKELY TO COME DOWN TO 5356 AND TRADE BELOW THIS LEVEL WOULD TAKE IT FURTHER DOWN TO 5306 AND THEN TO 5240.

BUY UNITED SPIRITS SL 1429 TGT 1447/1467/1479
BUY RANBAXY SL 489 TGT 496/499/506
BUY AMBUJA CEMENTS SL 125 TGT 127.7/129.5/132
BUY KAVERI TELE SL 139.5 TGT 143.8/146.3/150
BUY AP PAPER SL 201.70 TGT 217/228/242
POSITIONAL TRADES
BUY AXIS IT &T TGT 100/120

INTRADAY TIPS FOR 31 AUGUST 2010

GOOD MORNING!!!

MARKETS WERE VERY VOLATILE DURING THE ENTIRE TRADING SESSION INITIALLY MARKETS OPENED HIGH TRACKING FRIDAYS STRONG CLOSE IN US & EUROPEAN MARKETS AND STRONG MONDAY OPENING IN ASIAN MARKETS. AFTER STRONG OPENING MARKETS STARTED SLOWLY GIVING AWAY ALMOST ALL THE GAINS AND SLOWLY REGAINED STRENGTH ON VERY LOW VOLUMES THERE AFTER IT AGAIN SLID DOWN BREAKING THE NEW LOWS OF THE DAY. MARKET ONCE AGAIN STARTED RECOVERY ON THE NEWS OF DIRECT TAX CODE. THE MARKET BREADTH WAS WEAK, IN CONTRAST WITH A STRONG BREADTH IN THE MORNING TRADE. IT WAS THE BIGGEST LOOSER SECTORAL WISE.

TODAY MARKETS WOULD OPEN WEAK TRACKING GLOBAL CUES. NIFTY LIKELY TO OPEN GAP DOWN OF AROUND 45 POINTS IF NIFTY TRADES BELOW 5360 THEN LIKELY TO MAKE A NOSE DIVE TO 5301 AND ANY BREAK BELOW THIS POINT WOULD DRAG NIFTY TO 5238 WHICH IS VERY CRUCIAL SUPPORT IN THE NEAR TERM. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5450 THEN LIKELY MAKE AN UPMOVE TO 5487 AND BREAK ABOVE THIS POINT WOULD TAKE TO 5500 AND ANY CLOSE ABOVE 5500 IS CONSIDERED TO BE VERY BULLISH. ONE IS ADVISED TO STAY AWAY FROM LONGS KEEP IN VIEW THE BEARISH TREND FOR THE PAST FOUR TRADING SESSIONS. WE MAY LIKELY TO RETRACE FURTHER MORE SO STAY ON SIDELINES AND GRAB THE OPPORTUNITY AFTER A SLIDE AT EVERY SUPPORT ONE CAN TAKE LONG POSITIONS AND EXIT IF THE SUPPORT IS BREACHED. DON’T INVEST MORE THAN 25 TO 40% OF THE CAPITAL IN THE CURRENT SITUATION.

BUY POWER GRID SL 107.4 TGT 110/111.5/112.7 (SHORT TERM 120)
BUY PEARL POLYMERS SL 27 TGT 28.85/30.6/31.75
OPTION: BUY ONGC 1300 CA AROUND 50 – 55 SL 1260 IN FUTURES

INTRADAY TIPS FOR 30 AUGUST 2010

GOOD MORNING!!!

MARKETS LOST ITS GROUND IN THE LATE AFTERNOON HITTING FRESH INTRADAY LOWS ON WORRIES OVER THE PACE OF THE US ECONOMIC RECOVERY. APPROVAL OF PROPOSED DIRECT TAX CODE BILL BY UNION CABINET HAS DIRECT IMPACT ON INFORMATION TECHNOLOGY AND INFRASTRUCTURE STOCKS. THOUGH THERE WAS SOME RECOVERY AT THE START OF THE DAY IN SECTORS LIKE REALITY, METALS AND CONSUMER DURABLES TRACKING ALL OF THESE SECTORS HAS REVERSED GAINS, BANKING STOCKS FELL ALONG WITH BANKING PSU STOCKS ALSO FEEL. MARKETS BREADTH WAS WEAK IN CONTRAST TO STRONG BREADTH IN THE MID-MORNING TRADE. EXCEPT FOR THE OIL AND GAS REST ALL THE INDICES IN THE MARKET WERE IN RED. ALL IN ALL INTRADAY VOLATILITY WAS IMMENSE.

THOUGH MARKETS CLOSED LOWER LOWS AND LOOKING VERY WEAK ON CLOSING. STRONG CLOSING OF US AND EUROPEAN MARKETS HAVE TRIGGERED ASIAN MARKETS AND WILL ALSO IGNITE INDIAN MARKETS AS WELL IN THE INTIAL TRADE. TODAY MARKETS WOULD OPEN POSITIVE AND TRADE IN A POSITIVE ZONE, AND PHASE SOME RESISTANCE AROUND 5444 LEVELS AND SURGE ABOVE THAT POINT WOULD TAKE NIFTY TO 5468 LEVELS THIS MAY ACT AS ANOTHER RESISTANCE ZONE. AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5400 THEN LIKELY TO DECLINE TO 5360 LEVELS AND ANY BREAK BELOW 5360 WOULD SLIDE DOWN TO 5324 LEVELS, ANY CLOSE BELOW 5400 IS ALSO CONSIDERED TO BE NEGATIVE. IT SECTOR AND INFRASTRUCTURE MAY SEE SOME DECLINE SO DON’T GO ON THE BUYING SIDE IN THE ABOVE TWO SECTORS. SUGARS LOOK ATTRACTIVE ON THE MEDIUM TERM HORIZON.

BUY ONGC SL 1298 TGT 1317/1330/1347
BUY FDC LTD SL 104 TGT 109/113/118
BUY MID DAY SL 37 TGT 38/39/40 (SHORT TERM 45)*
BUY NAHAR CAP SL 101 TGT 107/113/117*
BUY UNIPLY IND SL 16.20 TGT 16.75/17.1/17.35 (SHORT TERM 19.20)
POSITIONAL TRADES
BUY CUMMINS TGT 850/1100
BUY GOLD BEES TGT 1922/2040
SELL PATEL ENGG TGT 330/300
SELL ADITYA BIRLA NUVO TGT 700

INTRADAY TIPS FOR 27 AUGUST 2010

GOOD MORNING!!!

MARKET EDGED SLIGHTLY HIGHER AFTER TURNING NEGATIVE TO HIT FRESH INTRADAY LOWS IN THE LATE TRADE. VOLATALITY WAS IMMENSE AS THE TRADERS ROLLED OVER THEIR POSITIONS FROM THE AUGUST SERIES TO THE SEPTEMBER SERIES. BANKING, FMCG AND AUTO STOCKS ROSE ON EXPIRY NOTE. MARKETS MOVED IN A NARROW RANGE IN MID-MORNING TRADE. MARKETS OPENED HIGHER TRACKING THE POSITIVE GLOBAL CUES BUT COULDNT HOLD LONGER AND SLIPPED INTO NEGATIVE ZONE IN THE AFTERNOON AND CLOSED HIGHER.

TODAY NIFTY MAY OPEN SLIGHTLY POSITIVE BUT ONE IS ADVISED TO TAKE POSITIONS ONLY WHEN THE SPECIFIED LEVEL BREACH. IF NIFTY TRADES ABOVE 5488 THEN LIKELY TO MAKE AN UP MOVE TO 5518 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5540 WHICH WOULD ACT AS A KEY LEVEL. ANY BREAK ABOVE 5540 ONE CAN SEE NIFTY TO MOVE HIGH. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5460 THEN NIFTY LIKELY TO MAKE ITS MOVE TO 5434 LEVELS AND ANY BREAK BELOW THIS POINT WOULD TAKE NIFTY TO 5402 LEVELS ONE HAS TO STAY CAUTIOUS AT THIS STAGE. STOCK SPECIFIC MOVES EXPECTED IN THE MARKETS.

BUY ENIL SL 256 TGT 265/270/277
BUY JINDAL DRILLING SL 610 TGT 625/637/652 (SHORT TERM 700/780)
BUY ORCHID CHEMICALS SL 190 TGT 194.9/197/200
BUY CROMPTON GREAVES SL 304 TGT 312.4/316/324
BUY JAIN IRRIGATION SL 1265 TGT 1282/1296/1305

INTRADAY TIPS FOR 26 AUGUST 2010

GOOD MORNING!!!

INDICES EDGED LOWER IN A HIGHLY VOLATILE TRADING SESSION. VOLATILITY WAS AT ITS HIGH AS TRADERS ROLLED OVER THEIR POSITIONS IN DERIVATIVES SEGMENT FROM THE CURRENT MONTH TO THE NEXT MONTH. CONCERNS OVER THE PACE OF THE GLOBAL ECONOMIC RECOVERY CONTINUED TO HURT THE INVESTORS SENTIMENT, THE SLIDE IN GLOBAL MARKET ALSO PUT INVESTORS IN FEARS. ALL THE SECTORAL INDICES WERE IN RED. MARKET BREADTH WAS WEAK, METALS AND REALITY WERE THE WORST HIT, DECLINED FOR THE STRAIGHT SECOND DAY. INITIALLY MARKET EDGED LOWER ON THE ONSET OF THE TRADING SESSION AND LATER IN THE AFTERNOON THERE WAS A STRONG REBOUND BUT PROVED TO BE SHORT LIVED AFTER A SHARP SLIDE PUSHED KEY INDICES TO THE LOWS OF THE DAY AT THE FAG END OF THE TRADING SESSION.

TODAY MARKETS MAY TRADE IN A CHANNEL AND WOULD BE RANGE BOUND. VOLATALITY MAY REMAIN HIGH AHEAD OF EXPIRY FOR THE MONTH. TODAY IF NIFTY TRADES BELOW 5460 THEN LIKELY TO SLIDE DOWN TO 5430 LEVELS AND ANY BREAK BELOW THIS POINT WOULD TAKE IT CLOSE TO 5400 LEVELS AND ANY CLOSE BELOW 5400 IS VERY WEAK. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5475 THEN ONE CAN SEE IT TO MOVE UP TO 5487 AND ANY BREAK ABOVE THIS POINT WOULD TAKE IT TO 5500 LEVELS ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5520 LEVELS. ANY CLOSE ABOVE 5500 MAY TAKE MARKETS TO THE NEW HIGHS OF THE YEAR IN THE NEXT FEW SESSIONS. WE MAY SEE A VERY STOCK SPECIFIC RALLY

BUY RUCHI SOYA SL 125 TGT 128.4/130/132 (MEDIUM TERM 150/180)*
BUY PATNI SL 538 TGT 548/553/560 (MEDIUM 620/680)
POSITIONAL TRADES
BUY VLS FINANCE SL 20.7 TGT 40