INTRADAY TIPS FOR 14 OCTOBER 2010

GOOD MORNING!!!

MARKETS EDGED HIGHER IN THE MORNING SESSION TRACKING FIRM ASIAN STOCKS. AFTER WITNESSING NEGATIVELY BIASED SIDE WAY MOVEMENT FOR THE PAST SEVEN DAYS MARKETS HAVE YET AGAIN PROVED ITS STRENGTH BY HITTING NEW HIGHS OF THE RECENT PAST. AFTER THE INITIAL SURGE IN THE MARKETS FURTHER UPSIDE WAS SUPPORTED BY EUROPEAN STOCKS WHICH OPENED HIGHER IN THE OPENING TRADE. WORLD STOCKS ROSE ON GROWING EXPECTATIONS THAT THE US FEDERAL RESERVE WILL TAKE FURTHER MEMASURES TO BOOST THE SLOWING ECONOMIC RECOVERY. THE MAREKT BREADTH WAS STRONG ALL THE SECTORAL INDICES WERE IN GREEN. IT, BANKING, REALTY AND FMCG STECTORS LED THE RALLY. FEW FRONT END COUNTERS HAVE RECORDED THEIR NEW HIGHS OF THE YEAR. MARKETS ENDED ON A VERY STRONG NOTE.

TODAY MARKETS MAY OPEN POSITIVE IF NIFTY TRADES ABOVE 6282 THEN LIKLEY TO RESIST AT 6300 LEVELS AND ANY BREAK AND TRADE ABOVE THIS POINT WOULD TAKE NIFTY TO HISTORIC HIGH I.E., BEYOND 6336 ONE SHOULD BE VERY WATCHFUL FROM HERE ON WE MAY ONLY SEE VERY VERY STOCK SPECIFIC MOVE FROM HERE. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 6248 THEN MAY LIKELY TO MOVE DOWN TO 6216 LEVELS AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 6197 LEVELS AND ANY CLOSE BELOW 6197 WOULD DRAG NIFTY TO 6160. AS LONG AS NIFTY TRADES ABOVE 6200 FOR NOW WE CAN STAY INVESTED IN NIFTY ONE IS ADVISED NOT TO REMAIN IN SHORT ANTICIPATING A FALL, WE HAVE BEEN REITERATING THIS QUITE FOR A LONG TIME BEAR IN MIND WHENVER THERE IS SELLING OPPORTUNITY WE SHALL INFORM YOU IN THE SITE.

BUY UFLEX SL 286 TGT 298/308/315
BUY KARTURI SL 31.70 TGT 33.65/34.90/35.75
BUY GULF OIL CORP SL 120.20 TGT 127/130/133 (SHORT TERM 155)

INTRADAY TIPS FOR 13 OCTOBER 2010

GOOD MORNING!!!

MARKETS OPENED LITTLE HIGHER ON THE OPENING AND SOON WEAKEND IN A SPAN OF SECONDS TRACKING WEAK ASIAN STOCKS, STOCKS EXTENEDED LOSSES IN THE EARLY TRADE AND IN THE MID AFTERNOON THERE WAS SLIGHT RECOVERY BUT THE RECOVERY PROVED TO BE SHORT LIVED BUT LATER WITH THE RECOVERY IN THE EUROPEAN AND US INDICES FROM THE STEEP INTRADAY SLIDE, MARKETS HAVE RECOVERED A BIT. THE MARKET BREADTH WAS NEGATIVE, IN CONTRAST WITH POSITIVE BREADTH EARLIER IN THE DAY. CAPITAL GOODS, REALTY AND METAL STOCKS FELL. BUT, IT STOCKS ROSE ON EXPECTATIONS OF STRONG Q2 SEPTEMBER 2010 RESULTS. BANKING STOCKS AND SOME AUTO SHARES CAME OFF LOWS AS SLOWDOWN IN INDUSTRIAL PRODUCTION GROWTH IN AUGUST2010. INTRADAY VOLATILITY WAS IMMENSE. THE MOST DISAPPOINTING WAS THE IIP DATA ACCORDING TO THE SOURCES THE INDUSTRIAL PRODUCTION ROSE AT A MUCH SLOWER-THAN-EXPECTED 5.6% IN AUGUST 2010 FROM A YEAR EARLIER, SHARPLY LOWER THAN THE PREVIOUS MONTH'S REVISED 15.2% GROWTH, MANUFACTURING OUTPUT ROSE AN ANNUAL 5.9% IN AUGUST 2010, LOWER THAN A 10.6% RISE IN AUGUST 2009. INDUSTRIAL PRODUCTION GROWTH FOR JULY 2010 WAS REVISED UPWARDS TO 15.2% FROM 13.8% EARLIER. OUTPUT IN THE MINING SECTOR ROSE 7% VERSES 11% RISE IN AUGUST 2009 AND ELECTRICITY GENERATION ROSE JUST 1% FROM A 10.6% GROWTH IN AUGUST 2009. INTERMEDIATE GOODS PRODUCTION ROSE 10% VERSES A 10.4% RISE IN AUGUST 2009 AND BASIS GOODS PRODUCTION ROSE 3.7% VERSES A 7.7% RISE IN AUGUST 2009. CAPITAL GOODS PRODUCTION CONTRACTED 2.6% IN AUGUST 2010 VERSES A 9.2% GROWTH IN AUGUST 2009. PRODUCTION OF CONSUMER GOODS ROSE 6.9%, LOWER THAN A 10.9% GROWTH IN AUGUST 2009. WITHIN THE CONSUMER GOODS SEGMENT, THE CONSUMER DURABLES SECTOR PUT UP A STRONG SHOWING. PRODUCTION OF CONSUMER DURABLES JUMPED 26.5% VERSES A 24.7% GROWTH IN AUGUST 2009. BUT, PRODUCTION OF CONSUMER NON-DURABLES CONTRACTED 1.2% VERSES A 6.1% GROWTH IN AUGUST 2009.

TODAY MARKET LOOKS NARROWLY RANGE BOUND, IF NIFTY TRADES BELOW 6115 THEN LIKELY TO DIP DOWN TO 6100 AND BREAK BELOW THIS LEVEL IT WILL DRAG NIFTY DOWN TO 6068 AND FURTHER BELOW THIS WOULD TAKE SUPPORT AT 6050 LEVELS. NIFTY HAS SHORT TERM SUPPORT AT AROUND 5997 LEVELS AND MAJOR SUPPORT AT 5840 LEVELS. ON THE UPSIDE IF NIFTY TRADES ABOVE 6136 THEN LIKELY TO MAKE AN UPMOVE TO 6156 AND ABOVE THAT LEVEL 6184 LEVELS, ANY CLOSE ABOVE 6170 LEVELS IS AGAIN CONSIDERED TO BE POSITIVE IN TERMS OF NIFTY.

BUY JBF IND SL 176.40 TGT 181/183/185
BUY KPIT SL 175 TGT 180/184/188 (SHORT TERM 220)
BUY SCI SL 187 TGT 192/194/196
BUY GHCL SL 51 TGT 52.40/52.75/53.40 (SHORT TERM 56)
BUY MUDRA LIFESTYLE SL 53 TGT 54.65/55.40/56.60 (SHORT TERM 68/75)
POSITIONAL TRADES
BUY APOLLO TYRES TGT 105
BUY IFCI TGT 100

INTRADAY TIPS FOR 12 OCTOBER 2010

GOOD MORNING!!!

KEY INDICES EDGED HIGHER AFTER TWO DECLINING DAYS. WORLD STOCKS ROSE ON THE ANTICIPATION OF US FED RESERVE WILL STEP INTO BOOST THE ECONOMY, THE MARKET SURGED IN EARLY TRADE, TRACKING HIGHER ASIAN STOCKS. THE SENSEX PARED GAINS SOON AFTER AN INITIAL SURGE, THE MARKETS FURTHER WEAKENED IN MID MORNING TRADE WHEN COMPARED TO THE INITIAL OPENING OF THE TRADE, MARKETS EXTENDED GAINS IN THE LATE AFTERNOON TRACKING EUROPEAN INDICES. MID CAP AND SMALL CAP INDICES OUTPERFORMED SENSEX. THE BREADTH OF THE MARKET WAS STRONG. EUROPEAN MARKETS EDGED HIGHER WEAKER THAN EXPECTED US JOBS DATA FUELLED EXPECTATIONS THAT THE US FEDERAL RESERVE WILL EMBARK ON A SECOND ROUND OF QUANTITATIVE EASING TO SUPPORT THE ECONOMY.

TODAY WE MAY TRADE IN A RANGE BOUND AND STOCK SPECIFIC MOVES EXPECTED THOUGH THERE IS NOTHING GREAT VALUE IN FRONT END COUNTERS WE HAVE LOT OF MOVEMENT TO BE EXPECTED IN MIDCAPS. ALL EYES ARE ON Q2 AND IIP NUMBERS. ONE IS ADVISED TO BE CAREFULLY CHOOSE THE STOCKS. IF NIFTY TRADES ABOVE 6176 THEN ONE CAN SEE NIFTY TO MOVE UP TO 6197 LEVELS AND ANY BREAK ABOVE THIS POINT AND CROSSING 6200 WE WOULD SEE FURTHER GAINS IN NIFTY AND MAY RESIST AROUND 6214 AND ANY UPMOVE SUPPORTED BY VOLUMES WOULD TAKE IT TO 6248 LEVELS ANY CLOSE ABOVE 6200 IS CONSIDERED TO BE BULLISH. ON THE NEGATIVE SIDE IF NIFTY TRADE BELOW 6155 THEN LIKELY TO DIP DOWN TO 6120 AND BREAK BELOW THIS LEVEL WOULD TAKE SUPPORT AROUND 6104 LEVELS AND FURTHER BREACH BELOW PSYCHOLOGICAL LEVELS OF 6100 WOULD PUT NIFTY UNDER PRESSURE AND CAN SLIDE DOWN TO 6068 LEVELS. WE MAY SEE VERY STOCK SPECIFIC MOVES IN MIDCAPS AND WATCH OUT FOR FERTILIZER STOCKS. BE CAUTIOUS ON THE HIGHER SIDE OF THE MARKETS.

BUY RECLTD SL 398 TGT 406/411/415
BUY UFLEX SL 252 TGT 263/270/274
BUY JINDAL POLY SL 1266 TGT 1342/1390/1421
BUY NAGARJUNA FERTILIZERS SL 33.80 TGT 34.95/35.70/36.10
BUY CHAMBAL FERTILIZERS SL 81 TGT 84/86/88
OPTIONS : BUY HERO HONDA 1900 CA BELOW 30 TGT 100/125/150 (MAXIMUM RISK IS 125*30 = 3750)

POSITIONAL TRADES
BUY KS OILS TGT 65
BUY REI AGRO TGT 30

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