INTRADAY TIPS FOR 04 OCTOBER 2010

GOOD MORNING!!!

LIGHTENING RALLY IN THE MARKETS WAS WITNESSED RIGHT FROM THE BEGINNING OF THE DAY. KEY INDICES OUT PERFORMED ON THE VERY FIRST DAY OF THE NEW SERIES AND CONTINUED TO MOVE FORWARD INCH BY INCH TILL THE END OF THE TRADING SESSION AND CLOSED AT HIGHER HIGHS. MARKET HIT FRESH HIGHS OF 32 AND HALF MONTHS. MARKET WAS FURTHER SUPPORTED BY GLOBAL STOCKS WITH HAS UNDERPINNED THE SENTIMENT. AUTO, CONSUMER DURABLES, CAPITAL GOODS, METAL AND REALITY STOCKS LED THE RALLY ALL THE SECTORAL INDICES HAVE OUT PERFORMED ON THE FIRST DAY OF THE OPENING CONTRACT. THE MARKET BREADTH WAS STRONG AT THE OPENING AND BECAME MUCH STRONGER AS THE TRADING WENT BY AND CLOSED ON A VERY STRONG NOTE. FOREIGN FUNDS CONTINUE TO AGGRESSIVELY MOP UP INDIAN SHARES. FOREIGN INSTITUTIONAL INVESTORS (FIIS) BOUGHT SHARES WORTH A STAGGERING RS 2496.39 CRORE ON THURSDAY, 30 SEPTEMBER 2010, AS PER THE PROVISIONAL DATA FROM THE STOCK EXCHANGES. FII INFLOW IN SEPTEMBER 2010 TOTALED RS 23612.43 CRORE, AS PER DATA FROM THE STOCK EXCHANGES. FII INFLOW IN THE CALENDAR YEAR 2010 TOTALED RS 43107.53 CRORE (TILL 30 SEPTEMBER 2010).

TODAY MARKET LOOKS POSITIVE ON A STRONG CLOSING ON FRIDAY AND POSITIVE CLOSE IN EUROPE AND AMERICAN MARKETS. MARKETS WOULD BE SUPPORTED BY POSITIVE OPENING IN ASIAN MARKETS. IF NIFTY TRADES ABOVE 6185 THEN LIKELY TO FACE RESISTANCE AROUND 6218 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6246 LEVELS, ANY CLOSE ABOVE 6200 IS CONSIDERED TO BE STRONG. ONE IS ADVISED NOT TO SHORT UNTIL CLEAR INDICATION IS SEEN. ON THE NEGATIVE SIDE IF NIFTY TRADES 6165 THEN LIKELY TO COME DOWN TO 6137 LEVELS AND ANY BREAK BELOW THIS POINT WOULD TAKE NIFTY TO 6105 LEVELS AND ANY CLOSE BELOW 6100 IS CONSIDERED TO BE A LINE OF CAUTION AND ONE IS ADVISED TO EXIT LONGS AND STAY OUT AND ANY CLOSE BELOW 6086 IS CONSIDERED TO BE WEAK AND ONE IS ADVISED TO STAY SHORT ON CLOSING BASIS.
CAUTION: ONE IS ADVISED TO STAY VERY CAUTIOUS IN THE CURRENT MARKETS.
BUY BIRLA CORP SL 427 TGT 440/447/459 (MEDIUM TERM 535)
BUY IDBI SL 157.4 TGT 160/162/165
BUY GLENMARK SL 310 TGT 317/321/324
BUY ESCORTS SL 226 TGT 231/234/236
BUY BHEL SL 2584 TGT 2624/2643/2667 (SHORT TERM 2700)
BUY UNITECH SL 93.80 TGT 96.45/98/100.65

INTRADAY TIPS FOR 01 OCTOBER 2010

GOOD MORNING!!!

THE MARKET MOVED BETWEEN POSITIVE AND NEGATIVE TERRAIN IN EARLY TRADE. IT SLUMPED TO INTRA-DAY LOW IN MORNING TRADE. THE MARKET EXTENDED LOSSES TO HIT FRESH INTRA-DAY LOW IN MID-MORNING TRADE. THE MARKET PARED LOSSES AFTER HITTING FRESH INTRADAY LOW IN EARLY AFTERNOON TRADE. THE INTRADAY RECOVERY GATHERED STEAM IN AFTERNOON TRADE. THE MARKET WEAKENED ONCE AGAIN AFTER TURNING POSITIVE FOR A BRIEF PERIOD IN MID-AFTERNOON TRADE. IT REVERSED LOSSES TO HIT FRESH INTRADAY HIGH IN LATE TRADE. INDICES REVERSED LOSSES TO HIT FRESH INTRADAY HIGHS IN LATE TRADE. INTRADAY VOLATILITY WAS HIGH AS TRADERS ROLLED OVER POSITIONS IN THE DERIVATIVES SEGMENT, FROM THE NEAR-MONTH SEPTEMBER 2010 SERIES, TO OCTOBER 2010 SERIES, AHEAD OF THE EXPIRY. BANKING, METAL AND FMCG LED THE LATE REBOUND. BANKING MAJOR STATE BANK OF INDIA HIT RECORD HIGH. VOLATALITY WAS AT ITS PEAK DURING THE ENTIRE TRADE.

TODAY MARKETS HAVE ENTERED IN A FRESH CONTRACTS, WE MAY HAVE SOME KIND OF CONSOLIDATION IF IT HAS TO BREAK ON THE UPSIDE FROM HERE ON, IF NIFTY TRADES ABOVE 6048 THEN LIKELY TO MOVE UP 6075 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6094 LEVELS AND ANY BREAK OF PSYCHOLOGICAL FIGURE OF 6100 LIKELY TO TAKE NIFTY TO 6156 ON IMMEDIATE BASIS AND ANY CLOSE ABOVE 6050 IS ASLO CONSIDERED TO BE BULLISH. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 6011 THEN LIKELY TO MAKE ITS MOVE TO 5990 AND BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5967 AND CLOSE BELOW 5960 IS CONSIDERED TO BE VERY WEAK.

BUY JAYSHREE TEA SL 200 TGT 204/207/210
BUY DCM LTD SL 126 TGT 131.7/134.6/140
BUY LIBERTY SHOES SL 110 TGT 114.7/116.5/119.40
POSITIONAL TRADES
BUY TERA SOFTWARE TGT 56/66**

INTRADAY TIPS FOR 30 SEPTEMBER 2010

GOOD MORNING!!!

INDICES PARED GAINS, SOON AFTER AN INITIAL SURGE TRIGGERED BY FIRM ASIAN STOCKS. THE MARKET SLIPPED INTO THE RED LATER. THE MARKET HIT A FRESH INTRADAY LOW IN MID-MORNING TRADE. AND SELL OFF CONTINUED IN THE AFTERNOON TRADE ON TRACKING REVERSAL OF EARLY GAINS EUROPEAN STOCKS AND TRADERS ROLLED OVER THEIR POSITIONS FROM THE CURRENT MONTH TO THE NEXT MONTH AHEAD OF EXPIRY. THE MARKET HIT A FRESH INTRADAY LOW IN THE LATE TRADE. THE BREADTH OF THE MARKETS WAS WEAK IN THE CONTRAST TO THE STRONG BREADTH EARLIER IN THE DAY. TATA MOTORS, INFOSYS HIT RECORD HIGHS IN THE TRADE. PROFIT TAKING WAS SEEN IN COUNTERS LIKE METALS, REALITY, CONSUMER DURABLES AND FMCG STOCKS WE HAVE SEEN ALL THE SECTORAL INDICES IN RED EXPECT FOR THE IT INDUSTRY. STERLITE INDUSTRIES TUMBLED AFTER THE MADRAS HIGH COURT ORDERED CLOSURE OF STERLITE INDUSTRIES COPPER SMELTING PLANT AT TUTICORIN AS THE COMPANY HAS FAILED TO COMPLY WITH ENVIRONMENTAL NORMS. MARKET ENTERED INTO NEGATIVE ZONE AND CLOSED AT LOWER LOWS WHICH INDICATED NEGATIVE CLOSING.

TODAY MARKET WOULD BE HIGHLY VOLATILE AND RANGE BOUND, WE MAY WITNESS A BOUT OF VOLATILITY IN THE TRADE AS TODAY BEING THE EXPIRY OF THE CURRENT MONTH CONTRACT. WE MAY SEE NIFTY TO OPEN NEGATIVE AS NIFTY HAS CLOSED AT LOWER LOWS WHICH INDICATES WEAKNESS ON TECHNICAL PARAMETERS. WE MAY TECHNICALLY FORESEE NIFTY TO COME DOWN FURTHER. IF NIFTY TRADES BELOW 5990 THEN LIKELY TO COME DOWN TO 5954 AND BREAK BELOW THIS LEVEL 5921 LEVELS. ON THE POSITIVE SIDE WE MAY SEE UPMOVE ONLY IF NIFTY TRADE ABOVE 6011, ON CROSSING THIS LEVEL WE MAY SEE NIFTY TO MOVE UP TO 6037 LEVELS AND BREAK ABOVE THIS WOULD TAKE TO 6054 AND ANY CLOSE ABOVE THIS WE WOULD HEAD UP TO 6150 LEVELS. WE MAY SEE SOME STOCK SPECIFIC ACTIVITY TO HOG THE LIMELIGHT OF THE TRADERS ON THE LAST DAY OF EXPIRY.

BUY AQUA LOGISTICS ABOVE 660 SL 654 TGT 669/677/690
BUY ALSTOM PROJECTS SL 808 TGT 820/828/833
BUY LITL SL 71.4 TGT 72.7/73.3/74
BUY TINPLATE SL 85 TGT 87.3/88.5/89.25
BUY NELCAST SL 95 TGT 100/104/106.7

INTRADAY TIPS FOR 29 SEPTEMBER 2010

GOOD MORNING!!!

MARKET WAS FIRM IN THE MORNING TRADE LED BY GAINS IN SHARES OF STATE-RUN BANKS AND MOVED BETWEEN POSITIVE AND NEGATIVE TERRAIN NEAR TO THE FLAT LINE IN EARLY TRADE. INDICES REVERSED ITS DIRECTION, SOON AFTER HITTING FRESH INTRADAY HIGHS IN MID-MORNING TRADE AS WEAK ASIAN STOCKS WEIGHED ON INVESTOR SENTIMENTS AND HIT INTRADAY LOWS, SELLING INTENSIFIED IN AFTERNOON TRADE AFTER EUROPEAN MARKET OPENED LOWER. THE MARKET CAME OFF THE LOWER LEVEL IN MID-AFTERNOON TRADE, SOON AFTER HITTING A FRESH INTRADAY LOW. THE INTRADAY RECOVERED GATHERED STEAM IN LATE TRADE. INDICES STAGED A STRONG INTRADAY REBOUND IN LATE TRADE TAKING CUE RECOVERY IN EUROPEAN STOCKS AND US INDEX FUTURES. IT AND METAL SOCKS FELL. BUT, CAPITAL GOODS STOCKS ROSE. THE MARKET BREADTH WAS NEGATIVE IN CONTRAST TO THE POSITIVE BREADTH EARLIER. VOLATALITY WAS THE KEY IN THE MARKETS AS TRADERS ROLLED OVER THEIR POSITIONS FROM THIS MONTH TO THE NEXT MONTH

TODAY MARKETS WOULD BE RANGE BOUND AHEAD OF EXPIRY OF NEAR MONTH CONTRACT TOMORROW. IF NIFTY TRADES 6034 THEN LIKELY TO COME DOWN TO 6009 LEVELS AND BREAK BELOW THIS LEVEL WOULD TAKE IT DOWN TO 5973 AND BELOW THAT 5942 IS THE SUPPORT WHICH NIFTY WOULD LIKE TO HALT AT AND ANY CLOSE BELOW 6000 IS AN INDICATION THAT WE CAN SEE SOME KIND OF NEGATIVE VOLATILITY UNTIL THE CLOSE OF THE EXPIRY OF SEPTEMBER CONTRACT. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 6075 THEN LIKELY TO MOVE UP TO 6093 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO NEW HIGHS OF 32 MONTHS TO 6107 AND ANY CLOSE ABOVE 6100 WOULD TAKE IT TO 6156 LEVELS. ONE IS ADVISED TO STAY IN STOCK SPECIFIC COUNTERS AND ONE SHOULD ALSO REMEMBER THAT DO NOT SHORT IN HUGE QUANTITIES AS THERE IS STILL NO NEGATIVE SIGNS IN THE MARKETS THOUGH TECHNICALLY IT IS OVER RUN AND ALMOST ALL THE OSCILLATORS HAVE BEEN TIRED AND EXHAUSTED FOR NOW BUT STILL MANAGE TO HOLD AT THEIR PEAKS SO WHEN NEGATIVE TREND PREVAILS ONLY THEN ONE CAN TAKE SHORT POSITIONS AND DO NOT ANTICIPATE NEGATIVE TREND AND SHORT ANYTHING.

BUY MLL SL 57.4 TGT 58.60/59.2/60.20
BUY FEDERAL BANK SL 403.70 TGT 411.50/416.7/424.50
BUY SIEMENS SL 817 TGT 834/844/850
BUY ABB ABOVE 950 SL 944 TGT 968/987/996
BUY VOLTAS SL 245 TGT 249/253/256
BUY LIC HSG SL 1439 TGT 1465/1484/1509
BUY RELIANCE INFRA SL 1105 TGT 1119/1128/1140 (SHORT TERM 1186)*
POSITIONAL TRADES
BUY BF UTILITIES TGT 1240/1400
*ACCUMULATE EDSERV WITH SL OF 228 AT EVERY DIP

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