INTRADAY TIPS FOR 11 OCTOBER 2010

GOOD MORNING!!!

SELLING ACTIVITY BY DOMESTIC FUNDS AND RETAIL INVESTORS GOT INTENSIFIED ON THE CONCERNS OF STRETCHED VALUATION AND CAUTION AHEAD OF Q2 SEPTEMBER HAVE PAVED MARKETS TO CORRECT DESPITE MOMENTUM OF FOREIGN FUNDS ON THE BUYING CONTINUED. INVESTORS ALSO ENDED UP BOOKING SOME PROFIT AND RETAIN THE CASH TO APPLY FOR THE INDIAS LARGEST IPO OF COAL INDIA WHICH IS EXPECTED TO OPEN ITS BIDDING ON 18 OCTOBER 2010. MARKETS FELL AROUND ONE PERCENT IN THE LAST TRADING SESSION, THOUGH MIDCAPS INDIEX AND SMALL CAP INDEX HOGGED SOME GAINS. FOREIGN FUNDS CONTINUED THEIR BUYING STRATEGY OPEN AND HAVE CROSSED ALL THE THRESHOLDS OF PREVIOUS INFLOWS IN THE HISTORY. THE NEXT MAJOR TRIGGER FOR THE STOCK MARKETS IS Q2 SEPTEMBER RESULTS WHICH IS LIKELY KICK START NEXT WEEK.

TODAY MARKETS WOULD TRADE FLAT AND IN A NARROW RANGE IF NIFTY TRADES ABOVE 6168 THEN ONE CAN SEE NIFTY TO MOVE UP TO 6185 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6216 LEVELS AND CLOSE ABOVE 6216 IS CONSIDERED TO BE VERY BULLISH AND WE WOULD BREAK NEW HIGHS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 6120 THEN WE MAY LIKELY TO SEE 6092 LEVELS AND ANY BREAK BELOW 6092 WOULD TAKE NIFTY TO 6072 LEVELS WHERE THIS MAY TAKE SUPPORT FOR NIFTY AND BREAK BELOW THIS LEVEL WOULD SEE FURTHER DECLINE TO 6040 LEVELS. WE MAY SEE SOME BOUNCE BACK SOON AFTER 6040 LEVELS, IF MARKET IS SUPPORTED BY FOREIGN INVESTMENTS WITH ITS INFLOWS THEN WE MAY AGAIN HEAD UPWARDS AFTER 6000 TO 6040 LELELS ARE ATTAINED. ONE NEEDS TO BE VERY CAUTIOUS AT EVERY HIGHER LEVELS.

BUY INDIABULLS FINANCIALS SL 181 TGT 187/192/195.5
BUY CIPLA SL 337.40 TGT 342.50/344.30/345.60
BUY ABG SHIPYARD SL 291 TGT 299.60/304.50/307.20
BUY HEXAWARE SL 82.40 TGT 85/86.15/88
POSITIONAL TRADES.
BUY IFCI TGT 81 (ONE CAN BUY OPTIONS TO REDUCE RISK)

INTRADAY TIPS FOR 08 OCTOBER 2010

GOOD MORNING!!!

MARKETS OPENED FIRM AND TRADED IN A NARROW RANGE BAND TILL MID AFTERNOON AFTER THE EUROPEAN MARKETS OPENED MARKETS STARTED MOVING UP HIGHER AND BREACHED THE INTRADAY HIGHS AND THERE ON MARKETS STARTED SLOWLY GIVING AWAY THE GAINS OF THE INTRADAY AND STARTED WEAKENING FURTHER AND BREACHED INTRADAY LOWS AND STARTED LOOSING ITS STRENGTH INCH BY INCH AND TURNED WEAK AND THE STRENGTH OF THE MARKETS TURNED WEAK AT THE END OF THE DAY ON THE CLOSING. SELLING VOLUME WHEN COMPARED TO THE BUYING VOLUMES WAS HIGHER THE RECOVERY AT THE END THOUGH SEEMED TO BE GOOD BUT THE VOLUMES OF RECOVERY WAS VERY LOW WHICH IS AGAIN CONSIDERED TO BE WEAK CLOSING. REALITY WAS THE BIGGEST LOOSER IN THE SECTORAL INDICES AND IT STOCKS ALSO FELL.

TODAY MARKETS LOOK WEAK AND VOLATILE, IF NIFTY TRADES BELOW 6135 IT IS LIKELY TO COME DOWN TO PSYCHOLOGICAL SUPPORT 6100 AND ANY BREAK WOULD TAKE NIFTY DOWN TO 6070 LEVELS AND BREAK BELOW THIS LEVEL WILL FIND ITS SUPPORT AROUND 6042. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 6175 ONE CAN INITIATE LONGS ON INTRADAY BASIS FOR A TARGET OF 6197 AND BREAK ABOVE THIS POINT WOULD TAKE IT FURTHER UPSIDE TO 6228. ON A POSITIONAL FRONT NIFTY HAS ENTERED INTO A PHASE OF NEGATIVE ZONE AND LIKELY TO REMAIN UNTIL THE PREVIOUS HIGHS IE., 5249 IS BREACHED. ONE CAN STAY SHORT WITH A STOPLOSS OF 6249. ONE IS ADVISED TO STAY AWAY FROM THE COUNTERS AT THIS STAGE AS MARKETS HAVE OVERSTRETCHED AND ONLY STOCK SPECIFIC MOVES MAY CONTINUE. AVOID OVER BUYING STAY ON CASH TO THE MAXIMUM POSSIBLE LEVELS.

BUY TULSI SL 76.50 TGT 80/82/83.65
BUY GLORY SL 18.75 TGT 19.70/20.30/20.65

INTRADAY TIPS FOR 07 OCTOBER 2010

GOOD MORNING!!!

MARKETS OPENED WITH A BIG BANG OF 71 POINTS AND STARTED SLOWLY GIVING AWAY ALL THE GAINS AND AT ONE POINT IT WAS ALMOST TO 10 POINTS AND FROM THERE MARKETS STARTED RECOVERING TRACKING STRONG EUROPEAN BREEZE AND MOVED UP TO HOG DECENT GAINS AND CLOSED AT 40 POINTS IN NIFTY. WE HAVE SEEN LARGE CHUCK 0OF MIDCAPS OUTPERFORMING THOUGH INDEX STOCKS REALLY DIDN’T MOVE. VERY STOCK SPECIFIC MOVEMENT WAS WITNESSED IN THE MARKETS.

TODAY WE MAY OPEN FLAT TRACKING MIXED CLOSED IN US INDICES AND FLAT OPENING IN ASIAN STOCKS. STOCK SPECIFIC MOVE MAY BE WITNESSED AND MID CAPS JUST STARTED THEIR RALLY WE MAY SEE NIFTY TO MOVE SIDELINES BUT FEW MIDCAP STOCKS MAY OUTPERFORM TRADES. IF YOU BROADLY LOOK AT MARKETS THOUGH THEY HAVE GONE UP SUBSTANTIALLY HIGHER LOT OF MIDCAPS ARE TRADING LOWER THAN WHERE THEY ARE TO BE TRADED, SO THERE IS EVERY SCOPE IN STOCK SPECIFIC. TODAY IF NIFTY TRADES ABOVE 6230 THEN LIKELY TO MAKE ITS MOVE UPTO 6250 LEVELS AND ANY BREACH ABOVE 6250 WE MAY SEE ANOTHER RALLY UPSIDE. ON THE DOWNSIDE IF NIFTY TRADES BELOW 6198 THEN LIKELY TO TAKE SUPPORT AROUND 6175 LEVELS AND ANY BREACH BELOW THIS LEVEL WOULD DRAG NIFTY TO 6150 AND ANY CLOSE BELOW 6150 WOULD TAKE NIFTY TO 6070 LEVELS.

BUY GSPL SL 117 TGT 119.20/120/121.70
BUY IBREAL SL 197 TGT 203/208/213
BUY JP ASSOCIATES SL 136.40 TGT 140.40/142.65/145.75
BUY UNITECH SL 96.90 TGT 98.90/99.80/101.40
BUY NOCIL LTD SL 25 TGT 26.40/27.20/28.45 (SHORT TERM 35)
BUY APTECH SL 173.40 TGT 178.50/182/186.50
POSITIONAL TRADES
BUY SCI TGT 240
BUY GMDC TGT 165

INTRADAY TIPS FOR 06 OCTOBER 2010

GOOD MORNING!!!

MARKETS WERE VERY VOLATILE RIGHT FROM THE ONSET OF THE TRADE. INDICES HOVERED UP AND DOWN AND LATE IN THE AFTERNOON MARKETS STARTED AGAIN TO MOVE UP BUY COULD NOT MANAGE TO HOLD THE GAINS AND STARTED GIVING OFF ON PROFIT BOOKING NOTE ON A VOLATILE SESSION AT THE END AND CLOSED ON LOWER LOWS OF THE MARKET. THOUGH MARKETS WERE NEGATIVE MIDCAP STOCKS HAVE OUTPERFORMED. THERE WAS ONLY STOCK SPECIFIC MOVES SEEN IN THE ENTIRE DAY IN ALL THE SESSIONS. ADAG SHARES HAVE HOGGED THE LIMELIGHT AND WERE AMONG THE BEST CONTRIBUTORS IN THE MARKET WITH RELIANCE CAPITAL, RNRL, RPOWER, RELIANCE INFRA AND RELIANCE MEDIA. RELIANCE MEDIA SURGING AS HIGH AS 40% IN A SINGLE DAY AND CLOSED AROUND 37%. BREADTH OF THE MARKET WAS NEGATIVE BUT MARKETS STILL ON A POSITIVE ZONE.

TODAY NIFTY MAY OPEN POSITIVE TRACKING STRONG CLOSING FROM US AND EUROPEAN MARKETS AND POSITIVE OPENING OF ASIAN MARKETS. THOUGH MARKETS CLOSED IN A WEAK TERRITORY ON THE LAST DAY GLOBAL CUES MAY CHANGE THE BREADTH OF THE MARKET. TODAY IF NIFTY TRADES ABOVE 6186 THEN LIKELY TO MOVE UP TO 6214 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6225 LEVELS AND BREACH ABOVE THIS POINT WOULD TAKE A STRONG RESISTANCE AT 6250 LEVELS, ANY CLOSE ABOVE 6225 WOULD BE CONSIDERED TO BE A POSITIVE CLOSING AND WE MAY HEAD HIGHER AND BREACH ALL RECENT HIGHS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 6168 THEN WE CAN SEE NIFTY TO DIP DOWN TO 6150 LEVELS AND BREACH BELOW THIS LEVEL WOULD TAKE NIFTY TO 6100 LEVELS AND ANY CLOSE BELOW 6100 IS CONSIDERED TO BE WEAK AND HEAD TOWARDS MUCH LOWER IN THE NEAR TERM. STAY CAUTIOUS AT EVERY HIGHER LEVELS.

BUY SINTEX SL 430 TGT 451/464/470
BUY RELIANCE CAPITAL SL 854 TGT 870/880/897
BUY ABAN SL 892 TGT 909/916/924
BUY POWER GRID SL 111 TGT 112.65/113.75/114.35 (SHORT TERM 123)
POSITIONAL TRADES
BUY RIIL TGT 1200/1400
BUY ABG SHIPYARD TGT 380
BUY ORCHID TGT 500

INTRADAY TIPS FOR 05 OCTOBER 2010

GOOD MORNING!!!

INDICES OPENED FIRM ON STRONG GAINS AS ASIAN STOCKS SURGED. MARKETS HIT A FRESH 33 MONTH HIGH ON NIFTY THE MARKETS HELD FIRM IN THE MORNING SESSION. STOCKS PARED GAINS IN THE MID MORNING ON PROFIT TAKING ON STRONG RECENT RALLIES. MARKETS FURTHER STARTED WEAKENING TRACKING EUROPEAN STOCKS AND INDEX FUTURES WHICH EDGED LOWER. MARKETS THOUGH VERY STRONG IN THE MORNING GAVE UP AT THE END TURNING A VERY POSITIVE BREADTH TO A WEAK CLOSING AND NEGATIVE BREADTH. RELIANCE INDUSTRIES EDGED HIGHER. BUT, ANOTHER INDEX HEAVYWEIGHT LARSEN & TOUBRO AND INFOSYS FELL. FMCG STOCKS DECLINED. AUTO AND BANKING STOCKS WERE MIXED. ALL IN ALL MARKETS TURNED WEAK AND CLOSED LOWER.

TODAY MARKETS LOOK WEAK AFTER A LONG RUN-UP RIGHT FROM 01 SEPTEMBER WE MAY LIKELY TO RETRACE IF 6248 LEVELS ARE NOT BREACHED FROM THIS LEVEL. IF NIFTY TRADES BELOW 6170 THEN LIKELY TO MAKE ITS DOWN SIDE MOVE TO 6137 LEVELS AND ANY BREAK BELOW THIS POINT WOULD TAKE NIFTY TO 6092 AND ANY CLOSE BELOW 6100 IS CONSIDERED TO BE WEAK AND LIKELY TO DIP DOWN IN THE NEAR FUTURE, ONE IS ADVISED TO STAY SHORT IF NIFTY TRADES BELOW 6100 LEVELS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 6211 THEN LIKELY TO MOVE UP TO 6248 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO FURTHER NEW HIGHS AND EVEN CAN BREAK THE HIGHEST LEVELS OF NIFTY IN THE HISTORY. ONE IS ADVISED TO STAY CAUTIOUS AT EVERY HIGHER LEVELS AS THERE IS EVERY POSSIBILITY THAT MARKETS WOULD COME DOWN VERY FAST.

BUY VIP INDS SL 739 TGT 783/809/825
BUY SESAGOA SL 362 TGT 368/373/375
BUY SINTEX SL 399 TGT 404/407/411
BUY GE SHIPPING SL 325 TGT 330/332/334
NOTE: STAY CAUTIOUS IN THE MARKET, FOLLOW STRICT STOPLOSS.

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**