INTRADAY TIPS FOR 24 SEPTEMBER 2010

GOOD MORNING!!!

MARKETS OPENED FIRM BUT COULD NOT HOLD THE GAINS IN THE TRADE, MARKETS HAVE SHOWN WEAKNESS ON EVERY RISE, THERE WAS PROFIT BOOKING SEEN IN EVERY RISE IN THE MARKETS. THE SELLING BECAME INTENSE IN THE MID AFTERNOON ON SPECULATION ON AYODHYA VERDICT WHICH WAS SCHEDULED TO BE TODAY, NO SOONER THE ANNOUNCEMENT WAS MADE ON POSTPONING THE VERDICT TO 29 SEP 10 MARKETS MANAGED TO RECOVER FROM LOWS BUT COULD NOT MANAGE TO COME IN POSITIVE ZONE. MIDCAPS AND IT WERE THE ONLY TWO SECTORS WHICH TRADED IN POSITIVE ZONE ON SECTORAL INDICES. REALITY AND BANKING WERE THE HIGHEST LOOSER OF THE DAY. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES WAS DOWN BY 2.27% AND MANAGED TO CLOSE IN THE DAYS LOW. BREADTH OF THE MARKETS WEAKENED WHEN COMPARED TO THE OPENING BREADTH OF THE TRADE BUT OVERALL MARKETS BREADTH WAS WEAK.

TODAY MARKETS LOOK WEAK ON NEGATIVE CLOSING OF GLOBAL CUES AND WEAK OPENING OF ASIAN MARKETS. MARKETS WOULD OPEN WEAK AND CONTINUE TO TRADE IN RANGE BOUND WE MAY SEE VERY GOOD VOLATILITY IN THE TRADE. WE MAY SEE MARKETS TO COME INTO PRESSURE AT THE FAG END OF THE TRADING SESSION ON WEEKEND AS MARKETS ARE OVER STRETCHED. IF NIFTY TRADES BELOW 5940 THEN LIKELY TO COME DOWN TO 5909 LEVELS AND ANY BREAK BELOW 5909 CAN TAKE NIFTY TO 5860 LEVELS. ON THE POSITIVE FRONT IF NIFTY TRADES 5990 LEVEL CAN MOVE UPTO 6011 AND ANY BREAK ABOVE 6011 CAN TAKE NIFTY TO 6050 LEVELS. TRADERS CAN TAKE SHORT POSITION WITH STOPLOSS OF 6011 IN THE OPENING.

BUY ORCHID CHEMICALS SL 207.8 TGT 212.90/215.90/218.30
BUY DALMIA CEMENTS SL 263.70 TGT 275/282/287
BUY COLPAL SL 887 TGT 902/911/924

POSITIONAL TRADES
BUY PUNJLLOYD TGT 160
BUY PBA INFRA TGT 110

INTRADAY TIPS FOR 23 SEPTEMBER 2010

GOOD MORNING!!!

MARKETS HAVE EDGED HIGHER IN THE OPENING TRADE HITTING FRESH 32 MONTH HIGH ON INDICES AND WERE UNDER TREMENDOUS PRESSURE ON EVERY HIGHER LEVEL TRACKING GLOBAL CUES. SECTORS LIKE TELECOM AND PHARMA WERE ON PROFIT BOOKING ON THE RECENT SURGE. MARKET BREADTH WAS WEAK IN CONTRAST TO THE STRONG BREADTH IN THE EARLY TRADE. MARKETS WERE DOWN BY ALMOST 60 POINTS AT ONE POINT IN THE MID AFTERNOON AND RECOVERED ON A FAST NOTE WITH BANKING STOCKS, SELECTED AUTO STOCKS AND IT STOCKS ROSE FROM INTRADAY LOWS. VOLATILITY WAS IMMENSE AND WAS HIGHEST IN THE RECENT PAST. MARKETS WERE SEE-SAW IN THE ENTIRE TRADING SESSION AND CLOSED MARGINALLY NEGATIVE.

TODAY MARKETS LOOKS NEGATIVE ON GLOBAL CUES AND WEAK CLOSING IN NIFTY ON THE LAST DAY. IF NIFTY TRADES BELOW 5984 THEN LIKELY TO COME DOWN TO 5940 LEVELS AND ANY BREAK BELOW THIS POINT WOULD BE CONSIDERED AS WEAK AND MAY TAKE MARKETS TO 5909 LEVELS IN INTRADAY AND ANY CLOSE BELOW 5940 IS CONSIDERED TO BE WEAK POSITIONALLY. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 6050 ONLY THEN ONE IS ADVISED TO GO LONG FOR A TARGET OF 6150 LEVELS. WE MAY SEE STOCK SPECIFIC MOVES ON THE UPSIDE AND DOWNSIDE MAY BE SEEN ON EVERY LEVEL OF RISE, ONE IS ADVISED TO STAY CAUTIOUS IN THE CURRENT MARKETS AS THERE IS EVERY POSSIBILITY FOR THE NIFTY TO CORRECT BY 10 TO 15% IN THE NEAR TERM.

BUY MARUTI ABOVE 1466 SL 1460 TGT 1479/1492/1499
BUY ABB SL 863 TGT 888/893/899 (SHORT TERM 967)
BUY PUNJ LLOYD SL 126.5 TGT 129.5/132.5/134.30 (SHORT TERM 150)

INTRADAY TIPS FOR 22 SEPTEMBER 2010

GOOD MORNING!!!

INDICES HAVE LOGGED DECENT GAINS ON A CONSISTENT BASIS FOR THE STRAIGHT THRID DAY ON CONTINUAL BUYING INTEREST FROM FOREIGN INSTITUTIONAL INVESTORS ADDING TO IT THE ROBUST Q2 ADVANCE TAX PAYMENTS FROM THE FRONT END COUNTERS HAS IGNITED FURTHER ON THE INVESTMENT FRONT. NIFTY HAS BREACHED THE PSYCHOLOGICAL LEVELS OF 6000 AND IN SENSEX 20000 FOR THE FIRST TIME AFTER 32 MONTHS. ONE THING TO CONSIDER ON THE INVESTMENT AND TRADING POINT OF VIEW WAS DESPITE THE INCLINE IN THE MARKETS THE BREADTH OF THE MARKET REMAINED WEAK AS WE HAVE WITNESSED SOME KIND OF RETRACEMENT IN MIDCAPS AND SMALL CAPS. FRONTEND COUNTERS IN IT LIKE TCS & INFOSYS, AUTO MAJORS LIKE TATA MOTORS, M&M HAVE IGNITED MARKETS.

TODAY MARKETS LOOK FLAT AND RANGE BOUND IF NIFTY TRADES ABOVE 6046 ONLY THEN ONE IS ADVISED TO GO LONG AS NIFTY LIKELY TO MOVE UPTO 6086 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6150 LEVELS. ON THE DOWNSIDE IF NIFTY BREAKS BELOW 5986 ONE CAN SEE NIFTY TO COME DOWN TO 5960 AND THEN TO 5940 LEVELS. FOR THE TRADERS POINT OF VIEW IF NIFTY TRADES RANGE BOUND ONE CAN SHORT NIFTY IN THE OPENING WHEN MARKETS OPEN POSITIVE KEEPING 6046 AS STOPLOSS, ONE CAN WAIT FOR TARGETS OF 5986 THEN TO 5960 AND 5940 LEVELS. ON THE POSITIONAL FRONT NIFTY IS CONSIDERED TO BE ON THE BEARISH FRONT IF AND ONLY IF NIFTY TRADES BELOW 5900 LEVELS UNTIL THAN ONE IS ADVISED NOT TO GO SHORT ON POSITIONAL IN NIFTY.

BUY CREW BOS PRODUCTS SL 180 TGT 185.9/189/194.8
BUY WIPRO SL 436 TGT 442/445/451
BUY EDUCOMP SL 615 TGT 627/632/643
BUY AFTEK SL 16.20 TGT 17.25/17.9/18.3
BUY SANWARIA AGRO SL 59.8 TGT 62/63.40/64.3

INTRADAY TIPS FOR 21 SEPTEMBER 2010

GOOD MORNING!!!

MARKETS LAST DAY OPENED FIRM AND INCHED HIGHER AND HIGHER HITTING FRESH 32 MONTH HIGH ON CONTINUAL AND HYSTERICAL BUYING, INDIAN BOURSES OUTPERFORMED EVERY MARKET IN THE WORLD. HIGHER Q2 ADVANCE TAX PAYMENTS FROM FRONTLINE COMPANIES ALSO ADDED THE FUEL IN LIFTING TO NEW HIGHS. THE BREADTH WAS IMMENSELY STRONG ALL THE SECTORAL INDICES WERE IN GREEN. MARKETS FIRED AND RALLIED TO THE NEXT LEVEL OF TRADE. FIIS INFLOWS IN SEPTEMBER TOTALED TO RS. 12442.80 CRORES AND THEIR CALENDER INFLOWS TOTALED TO RS 71824.50 CRORES TILL LAST THURSDAY. WE HAVE SEEN FRESH BUYING IN ALL THE SECTORS.

TODAY MARKETS WILL OPEN POSITIVE ON THE POSITIVE FEDERAL RESERVE’S MONETARY POLICY WHICH HAS IGNITED ALL THE ASIAN INDICIES. WE MAY SEE NIFTY TO INCH UP TO NEW HIGHS AND WILL CROSS 6000 MARK IN THE OPENING OF THE TRADE. IF NIFTY TRADES ABOVE 6000 THEN LIKELY TO GO UP TO 6027 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6054 AND ABOVE THAT WILL TOUCH 6096 LEVELS, IF NIFTY CLOSES ABOVE 6050 THEN LIKELY TO TOUCH 6156 IN A VERY SHORT NOTE. ON THE DOWNSIDE IF NIFTY TRADES BELOW 5984 THEN LIKELY TO COME DOWN TO 5957 AND THEN TO 5925 AND ANY BREAK BELOW THIS LEVEL WOULD TAKE SUPPORT AT 5900 LEVELS AND IF NIFTY CLOSES BELOW 5900 THEN WE CAN SEE FURTHER DECLINE IN THE MARKETS. STAY CAUTIOUS AT EVERY HIGHER LEVEL AS IT IS COMPLETELY DRIVEN BY FOREIGN FUNDS ANY PROFIT BOOKING WOULD HIT THE MARKETS AND ANY ADVERSE EXTERNAL NEWS WILL EFFECT THE VERY BADLY AS THE MARKETS ARE AT OVERBOUGHT REGION. TECHNICALLY SPEAKING MARKETS ARE VERY MUCH STRETCHED AND ALMOST IN AN AREA WHERE IT IS LIKELY TO COME DOWN AT ANY STAGE ONE HAS TO LOOK MARKETS IN A LITTLE DIFFERENT MANNER AT THIS STAGE AND DON’T INVEST MUCH IN THIS MARKETS, INFACT I WOULD SUGGEST EACH AND EVERYONE TO CLOSE THEIR PORTFOLIO’S AND COME BACK AFTER ONE MONTH TO REINVEST AS MARKETS WOULD COME DOWN. IF ANY INVESTOR IS STILL HOLDING LOT OF POSITIONS THEN IT IS SUGGESTED TO BUY NIFTY PUTS ATLEAST ONE EIGHT OR ONE TENTH OF THEIR HOLDINGS.

BUY INDIA INFOLINE SL 108 TGT 111/114/118
BUY VOLTAS SL 237 TGT 241/245/249
BUY RELIANCE CAPITAL SL 824 TGT 833/839/849 (MEDIUM TERM 1000)
BUY VIVIMED LABS SL 325.9 TGT 347/360/369
BUY GLAXO SL 2007 TGT 2049/2064/2092

POSITIONAL TRADES
BUY KSK ENERGY TGT 200/215
BUY CAIRN TGT 388/425
BUY INDIA CEMENTS TGT 142/157
NOTE: ANYTHING RECOMMENDED EVEN AS POSITIONAL ONE IS ADVISED TO TAKE IN VERY SMALL QUANTITIES AS MARKET EXPECTED TO CORRECT ATLEAST 10 TO 15% ANYTIME.

INTRADAY TIPS FOR 20 SEPTEMBER 2010

GOOD MORNING!!!

KEY INDICES OPENED ON A FIRM NOTE, TRACKING GAINS IN ASIAN STOCKS MARKET YET AGAIN SURGED TO THE NEW HIGHS OF 32 MONTHS. MARKETS CAME OFF THE HIGHS SOON AFTER HITTING THE HIGHS AND LATER REGAINED STRENGTH IN THE MID AFTERNOON TRADE. THE MARKET BREADTH WAS STRONG ALL THE SECTORAL INDICES WERE IN POSITIVE BANKING AND TELECOM GAINED ON FRESH BUYING. MARKETS WERE VERY VOLATILTE, BUT REMAINED IN A POSITE ZONE. FIRM GLOBAL STOCKS AND DATA SHOWING HEAVY BUYING BY FOREIGN FUNDS RECENTLY, UNDERPINNED SENTIMENTS. ALL IN ALL MARKETS WERE ON A VERY POSITIVE ZONE WITH A PREMIUM OF ALMOST 27 POINTS IN NIFTY, THERE WAS HEAVY BUYING SEEN AT THE END OF THE TRADING SESSION.

TODAY MARKETS WOULD TRADE IN A NARROW RANGE, WE MAY SEE VERY STOCK SPECIFIC MOVES IN THE MARKETS, THERE MIGHT BE SOME RETRACEMENT IN METALS AND CEMENT COUNTERS. IF NIFTY TRADES ABOVE 5900 THEN LIKELY TO MOVE UP TO 5920 LEVELS AND ANY BREAK ABOVE 5920 WOULD TAKE NIFTY TO 5950 AND THEN TO 5980 LEVELS. WE CAN SEE NIFTY TO DIP DOWN TO 5800/5700/5650 LEVELS ON THE MEDIUM TERM ON RETRACEMENT. ON THE NEGATIVE SIDE IN INTRADAY IF NIFTY TRADES BELOW 5880 LIKELY TO MAKE A DOWN MOVE TO 5857 AND BREAK BELOW THIS POINT WOULD SLIDE DOWN 5832 LEVELS AND ANY CLOSE BELOW 5832 WOULD LEAD NIFTY TO NEGATIVE ZONE. ONE HAS TO BEAR IN MIND THAT THERE IS VERY LIMITED OPPORTUNITY ON THE UPSIDE AND ANY TRADE ON THE POSITIVE ZONE ONE HAS TO CLEAR IT IN INTRADAY AND DON’T CARRY TOO MANY POSITIONS IN THE PORTFOLIO. AVOID TAKING NEW POSITIONS EXPECT FOR STOCK SPECIFIC AND NOT MORE THAN 25% OF THE CAPITAL ONE IS ADVISED TO STAY WITH ATLEASET 70% OF THE CASH.

BUY RANBAXY ABOVE 539 SL 534 TGT 545/549/557
BUY BHUSHAN STEEL SL 2107 TGT 2137/2150/2162

INTRADAY TIPS FOR 17 SEPTEMBER 2010

GOOD MORNING!!!

INDICES SCALED TO THE NEW HIGHS OF 32 MONTHS IN THE EARLY TRADE EXTENDING ITS RECENT SURGE BUT LATER EDGED LOWER AFTER A SEVEN STRAIGHT SOLID SURGE ON PROFIT BOOKING. THIS HAS SNAPPED THE WINNING STREAK IN THE MARKETS, THIS WAS MAJORLY TRIGGERED BY WEAK EUROPEAN STOCKS AND US FUTURES WHICH HAS WEIGHED ON INVESTORS SENTIMENT TO BOOK PROFIT. THE VOLATILITY DURING THE TRADE WAS IMMENSE MARKETS HOVERED IN A BROAD RANGE BAND. MARKET BREADTH TURNED WEAK. BANKING, REALITY SHARES ROSE AFTER THE RBI SIGNALED ALMOST A PAUSE IN ITS CURRENT TIGHTENING CYCLE. METALS STOCKS DECLINED TRACKING DECLINE IN METALS STOCKS IN LME. IT STOCKS DECLINED ON FACTORS OF SLOW ECONOMIC RECOVERY AROUND THE GLOBE. ALL IN ALL THE MARKET BREADTH WAS WEAK AND MARKETS CLOSED ALMOST ON THE LOWER LOWS OF THE TRADE.

TODAY IF NIFTY TRADES BELOW 5826 THEN LIKELY TO DIP DOWN TO 5793 AND BREAK BELOW THIS POINT WOULD TAKE NIFTY TO 5760 LEVELS AND ANY CLOSE BELOW 5793 IS CONSIDERED TO BE A NEGATIVE CLOSING IN THE MARKET AND ONE CAN SEE FURTHER DECLINE AND DOWNSIDE RALLY MAY CROP IN WHICH MAY NOT BE VERY AGGRESSIVE BUT WOULD BE ON THE RETRACEMENT FRONT AS INDICES HAVE SURGED ALMOST BY 560 POINTS IN LAST 12 TRADING SESSIONS SO EVEN IF THE MARKET IS ON THE RETRACEMENT FRONT WE MAY SEE NIFTY TO TOUCH 5784 AS A FIRST TARGET AND THEN 5704 SO WE CAN EXPECT NIFTY TO TOUCH 5704 LEVELS IN THE NEXT FEW TRADING SESSIONS, WE MAY SEE NIFTY TO TAKE SUPPORT ON THE DOWNSIDE IN INTRADAY AROUND 5784 LEVELS AND THEN AT 5704 LEVELS. ON THE UPSIDE IF NIFTY TRADES ABOVE 5867 THEN LIKELY TO MAKE AN UPMOVE TO 5890 AND BREAK ABOVE THIS POINT WOULD INCH HIGHER TO 5920 LEVELS AND ANY CLOSE ABOVE 5900 WE CAN SEE NIFTY TO SURPRISE THE MARKET ON THE UPSIDE.

INTRADAY TIPS FOR 16 SEPTEMBER 2010

GOOD MORNING!!!

INDICES GAINED YET AGAIN FOR THE STRAIGHT SEVENTH DAY ON HEAVY BUYING BY FOREIGN FUNDS. INDICES OPENED HIGHER HITTING FRESH 32 MONTH HIGH ON THE INDICES AND THEN MARKET PAIRED GAINS AND REMAINED VOLATILE TILL THE END OF THE SESSION AFTER A BOUNCE BANK. WE HAVE SEEN HEAVY WEIGHT RELIANCE EDGED HIGHER AND ICICI BANK REVERSING ITS GAINS, WE HAVE WITNESSED BUYING INTEREST IN IT, FMCG AND METAL STOCKS WHILE AUTO DECLINED BUT MAJORITY OF THE SECTORAL INDICIES WERE IN GREEN. WE HAVE SEEN RS 7092.04 CRORE IN THE FIRST FEW DAY IN THIS MONTH WHICH TOTALED RS 26587.14 CRORES. THE NEXT TRIGGERS IN THE MARKET WOULD BE ADVANCED TAX AND THE OTHER ONE WOULD BE THE CENTRAL BANK MID TERM POLICY REVIEW EXPECTED TO BE TODAY.

TODAY WE MAY SEE NIFTY TO OPEN NEGATIVE ON THE CONCERNS OF CENTRAL BANK POLICY REVIEW WE MAY ALSO SEE BANKING STOCKS TO REMIAN UNDER PRESSURE. IF NIFTY TRADES BELOW 5842 THEN WE MAY SEE NIFTY TO DECLINE TO 5816 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 5792 LEVELS AND ANY CLOSE BELOW 5792 WOULD DRAG DOWN TO 5760 LEVELS. ON THE UPSIDE IF NIFTY TRADES ABOVE 5875 THEN LIKELY TO INCLINE TO 5900 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD FACE RESISTANCE AT 5920 LEVELS ANY CLOSE ABOVE 5900 WILL TAKE NIFTY TO 5976 LEVELS. STAY CAUTIOUS ON THE UPSIDE.

BUY FT SL 1414 TGT 1446/1467/1497 (SHORT TERM 1550)
BUY SIEMENS ABOVE 763 SL 758 TGT 769/776/785
POSITIONAL TRADES
BUY LIC HSG TGT 1500
BUY SIEMENS TGT 814