INTRADAY TIS FOR 28 SEPTEMBER 2010

GOOD MORNING!!!

INDICES PARED GAINS IN LATE TRADE AS PROFIT BOOKING EMERGED AT HIGHER LEVEL AFTER RECENT STRONG GAINS. THE MARKET GAINED FOR THE SECOND STRAIGHT TRADING SESSION REALTY, CAPITAL GOODS, METAL AND CONSUMER DURABLES STOCKS ROSE WHILE FMCG FELL AND. IT STOCKS TOO FELL ON A FIRM RUPEE. THE MARKET PARED GAINS AFTER HITTING A 32-MONTH HIGH AT THE ONSET OF THE TRADING SESSION. THE MARKET REGAINED STRENGTH IN MORNING TRADE. THE MARKET MOVED IN A NARROW RANGE IN MID-MORNING TRADE. THE MARKET HELD FIRM IN EARLY AFTERNOON TRADE. THE MARKET CAME OFF HIGHS IN AFTERNOON TRADE. FOREIGN FUNDS HAVE MADE HEAVY PURCHASES OF INDIAN STOCKS THIS MONTH. FII INFLOW IN SEPTEMBER 2010 TOTALED RS 18,649.23 CRORE, AS PER DATA FROM THE STOCK EXCHANGES. FII INFLOW IN CALENDAR YEAR 2010 TOTALED RS 38144.33 CRORE (TILL 24 SEPTEMBER 2010). STOCKS MAY REMAIN VOLATILE THIS WEEK AS TRADERS ROLL OVER POSITIONS FROM THE NEAR-MONTH SEPTEMBER 2010 SERIES TO OCTOBER 2010 SERIES AHEAD OF THE EXPIRY OF CONTRACTS ON THURSDAY, 30 SEPTEMBER 2010. THE LARGE INITIAL PUBLIC OFFER (IPO) OF STATE-RUN COAL INDIA IN MID-OCTOBER 2010 WOULD SOAK LIQUIDITY FROM THE SECONDARY EQUITY MARKETS. THE GOVERNMENT PLANS TO RAISE ABOUT RS 15000 CRORE FROM DIVESTMENT OF 10% STAKE IN COAL INDIA. THE IPO IS BILLED AS THE COUNTRY'S LARGEST ISSUE EVER.

TODAY WE MAY SEE MARKETS TO TRADE VOLATILE AND RANGE BOUND UNLESS AND BE VERY STOCK SPECIFIC. TODAY IF NIFTY TRADES ABOVE 6050 THEN WE CAN SEE NIFTY TO MOVE UP TO 6080 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO NEW HIGHS THOUGH 6100 WOULD ACT AS A GREAT RESISTANCE. ON THE NEGATIVE SIDE IF NIFTY TRADE BELOW 6009 THEN WOULD TAKE NIFTY TO 5987 AND THEN TO 5960 LEVELS AND ANY BREAK BELOW THIS POINT WOULD BE NEGATIVE FOR MARKETS IN THE NEAR TERM. AVOID HUGE BUYING AS WE ARE HEADING TOWARDS THE EXPIRY.

POSITIONAL TRADES
BUY EDSERV TGT 350/500

INTRADAY TIPS FOR 27 SEPTEMBER 2010

GOOD MORNING!!!

MARKETS STARTED ITS DAY ON A POSITIVE NOTE AND WAS VOLATILE INITIALLY DURING THE START OF THE DAY AND SCALED HIGHER AS THE DAY PASSED BY THOUGH THERE WAS GOOD MOVEMENT ON THE UPSIDE SEEN IT WAS NOT HIGH VOLUME BASED BUYING. DLF WAS THE STAR PERFORMER IN THE NIFTY CATEGORY, ALONG WITH DLLF THERE WERE STOCKS LIKE IDFC, HINDUSTAN UNILEVER, BHARTI AND HEROHONDA HAVE OUTPERFORMED THE NIFTY THOUGH THERE WERE NOT MANY OUT PERFORMERS ON THE NIFTY IDEALLY THERE WERE NO LAGGARDS SO MARKETS MOVED UPSIDE ON ONLY FEW SCRIPS WHICH PERFORMED. INFRA AND REALITY WERE THE TOP PERFORMERS IN THE TRADE. ALL THE SECTORAL INDICES WERE IN GREEN. BREADTH OF THE MARKET REMAINED STRONG IN THE ENTIRE TRADING SESSION.

TODAY MARKETS LOOKS POSITIVE TRACKING A VERY POSITIVE CLOSING OF AMERICAN MARKETS AND STRONG OPENING OF ASIAN MARKETS. TODAY IF NIFTY TRADES ABOVE 6050 THEN LIKELY TO MAKE ITS MOVE UP AND RESIST AT 6080 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE IT FURTHER UPSIDE TO A PSYCHOLOGICAL FIGURE OF 6100 LEVELS AND FACE SOME TOUGH RESISTANCE TO SURPASS THIS LEVEL AND ANY CLOSE ABOVE 6062 IS CONSIDERED TO BE A POSITIVE CLOSING AND ONE CAN INITIATE STOCK SPECIFIC LONGS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 6009 THEN WE CAN SEE A DIP TO 5987 LEVELS AND ANY BREAK BELOW THIS POINT WOULD TAKE NIFTY TO 5960 LEVELS AND ANY CLOSING BELOW 5960 WE CAN INITIATE SHORTS UNTIL THEN ONE IS ADVISED TO STAY AWAY FROM SHORTS.

BUY IDBI BANK SL 152 TGT 155/157/159
BUY HUL SL 313.4 TGT 319/322/327
BUY NTPC SL 208 TGT 210/212/213.7
BUY MEGHMANI ORGANICS SL 20.40 TGT 21.70/22.50/22.95
BUY EKC SL 125 TGT 128/129.75/132.60 (MEDIUM TERM 140/170)*
BUY JINDAL SOUTHWEST SL 2055 TGT 2123/2169/2190 (SHORT TERM 2270)*

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