INTRADAY TIPS FOR 21 OCTOBER 2010

GOOD MORNING!!!

MARKET BOUNCED BACK AFTER A WEAK OPENING AS MOST ASIAN STOCKS RECOVERED FROM INITIAL LOSSES TRIGGERED BY A SURPRISE RATE HIKE BY CHINA. BUT, THE INTRADAY RECOVERED PROVED SHORT-LIVED AS THE INDICES SLIPPED INTO THE NEGATIVE ZONE THERE WAS IMMENSE VOLATILITY DURING THE TRADE AND EXTENDED LOSSES TO SLIDE TO THE DAY'S LOWS IN THE AFTERNOON TRADE. THE MARKET BREADTH WAS WEAK, IN CONTRAST WITH A STRONG BREADTH IN MORNING TRADE. METALS WERE THE WORST HIT ON THE BACK OF AN OVER 2% SLIDE IN METAL PRICES ON THE LONDON METAL EXCHANGE ON TUESDAY. FRESH SELLING PULLED THE MARKET TO DAY'S LOW IN EARLY AFTERNOON TRADE. THE MARKET MOVED BETWEEN POSITIVE AND NEGATIVE TERRAIN AFTER RECOVERING SHARPLY FROM THE DAY'S LOW IN AFTERNOON TRADE. A SELL-OFF IN LATE TRADE DRAGGED MARKET TO THE DAY'S LOW.

TODAY MARKET LOOKS RANGE BOUND, WITH THE US AND EUROPE INDICES CLOSING IN GREEN AND ASIAN STOCKS OPENED POSITIVE WE EXPECT MARKETS TO OPEN POSITIVE IN THE OPENING TRADE AND CONTINUE TO REMAIN UNDER PRESSURE ON EVERY UPSIDE. IF NIFTY TRADES ABOVE 6025 THEN LIKELY TO MOVE UPTO 6050 LEVELS AND BREACH ABOVE THIS POINT WOULD TAKE NIFTY TO 6080 LEVELS AND ANY TRADE ABOVE THIS POINT WOULD TAKE IT TO 6098 LEVELS AND ANY CLOSE ABOVE 6127 WOULD TAKE NIFTY TO A POSITIVE ZONE. ON THE NEGATIVE ZONE IF NIFTY TRADES BELOW 6007 THEN LIKELY TO DECLINE DOWN TO 5980 LEVELS AND BELOW THAT LIKELY TO DRAG DOWN TO 5960 LEVELS AND ANY CLOSE BELOW 5960 WOULD DRAG NIFTY TO 5840 LELVELS IN SHORT TERM. ONE CAN BE SHORT BELOW 6127 LEVELS AND TRY TO SQUARE OFF ALL YOUR SHORTS IF NIFTY CLOSES ABOVE 6127 LEVELS. WE MAY SEE FERTILIZERS STOCKS TO MOVE AND WE SEE STOCK SPECIFIC AND SECTOR SPECIFIC MOVES IN THE MARKETS.

BUY GSPL SL 124 TGT 127.5/129.25/132
BUY REI AGRO SL 25.40 TGT 26.25/26.75/27.40 (SHORT TERM 31)
BUY BALLRPUR INDS SL 37.40 TGT 38.50/39.25/40.30
BUY FIEM INDS SL 192 TGT 200/206/211*
BUY TATAMTRDVR SL 800 TGT 824/836/857 (SHORT TERM 1000/1150)*
BUY MERCK LTD SL 895 TGT 930/955/992*
POSITIONAL TRADES
BUY IDBI TGT 200
BUY ALOK TEXT TGT 30
BUY EID PARRY TGT 625*

INTRADAY TIPS FOR 20 OCTOBER 2010

GOOD MORNING!!!

MARKETS OPENED FIRM AND POSITIVE AND WAS TRADING IN A NARROW RANGE BOUND UNTIL AFTERNOON AND SUDDENLY WITH A POSITIVE BUYING MARKETS STARTED TO MOVE UP IN A VERY SHORT SPAN IN TIME BUT COULDN’T HOLD THE MOMENTUM MUCH LONGER AND MARKETS ALL OF A SUDDEN WITNESSED A GOOD SELL-OFF IN THE MID AFTERNOON TRADE FOLLOWED BY A GOOD RALLY. MARKETS WERE IMMENSELY VOLATILE DURING TILL THE MID AFTERNOON. THE MARKET BREADTH WHICH WAS STRONG FOR MOST PART OF THE DAY, TURNED NEGATIVE IN LATE TRADE. IT STOCKS DECLINED IN VOLATILE TRADE TRACKING WEAKNESS IN TECH STOCKS IN ASIA TRIGGERED BY APPLE'S WEAKER-THAN-EXPECTED IPAD SALES.

TODAY WE MAY LIKELY TO SEE SOME PRESSURE ON THE OPENING OF THE TRADE WITH AMERICAN MARKETS CLOSING WEAK AND ASIAN MARKETS LIKELY TO OPEN WEAK. IF NIFTY TRADES BELOW 6025 LEVELS THEN MARKETS LIKELY TO DIP DOWN TO 6000 WHICH WILL ACT AS A PSYCHOLOGICAL SUPPORT AND BREACH BELOW THIS WOULD DRAG NIFTY TO 5970 LEVELS AND THEN TO 5940 AND ANY BREAK BELOW THIS POINT WOULD FURTHER DRAG IT DOWN TO 5900 LEVELS AND ON THE UPSIDE IF NIFTY TRADE ABOVE 6040 THEN LIKELY TO MOVE UP TO 6070 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6112 LEVELS. NIFTY IS NEGATIVELY BIASED RIGHT AT THIS STAGE AND LIKELY TO REMAIN UNDER PRESSURE FOR ANOTHER FEW TRADING SESSION IT IS WISE AS TOLD IN YESTERDAYS BLOG DON’T GO LONG AT THIS STAGE AND NEITHER SHORT AT THE CURRENT LEVELS ONE CAN STAY OUT AS THERE IS ANYWAY NOT THE IDEAL TIME TO SHORT OR GO LONG AT THIS STAGE MAY BE AFTER A SHORT SPAN OF DECLINE OR AFTER A SHORT RETRACEMENT WE ARE LIKELY TO PULL UP ABOVE RECENT HIGHS AND WE CAN BREACH HISTORIC HIGHS ON NIFTY. WAIT FOR THE MOMENT AND TRADE CAUTIOUSLY.

BUY UTTAM GALVA SL 157.40 TGT 162/165/168
BUY PIRAMAL HEALTHCARE ABOVE 543 SL 535 TGT 550/555/564 (SHORT TERM 650)
BUY PTC ABOVE 128.65 SL 127.40 TGT 130/131.80/134.50

INTRADAY TIPS FOR 19 OCTOBER 2010

GOOD MORNING!!!

ENTIRELY NEW OPENING RULES HAVE MADE MARKET MEN STRANGE WITH THE WEIRD QUOTES DURING THE 15 MINUTE PRE OPENING SESSION THAT HAS STARTED IN BOTH THE EXCHANGES. MARKETS OPENED ON A NEGATIVE BIAS AND SLOWLY HAS BECOME VERY WEAK AS THE DAY PASSED BY LATER WE HAVE SEEN SMART INTRADAY REBOUND ON THE DOMESTIC BOURSES, AFTER A CONTINUAL SECOND DAY SLIDE THERE WAS SOME BARGAIN HUNTING EMERGED IN THE MARKET. THE RECOVERY WAS SUPPORTED BY L&T, HDFC AFTER REPORTING STRONG Q2 NUMBERS DURING TRADING HOURS ALONG WITH IT ONGC AND RELIANCE GAVE A VERY GOOD RECOVERY WHICH MADE NIFTY TO RECOVER ALMOST 100 POINTS FROM LOWS OF THE DAY. THE MARKET BREADTH WAS WEAK, COMPARED WITH A POSITIVE BREADTH IN THE OPENING TRADE, WEAKENED SOON AFTER A WHILE. HOWEVER BREADTH OF THE MARKET REMAINED WEAK EVEN AFTER THE MARKETS RECOVERED. BANKING AND IT STOCKS WERE SEEN TO HAVE A STRONG INTRADAY REBOUND IN THE TRADE.

TODAY IF NIFTY TRADES ABOVE 6140 LEVELS THEN LIKELY TO MAKE AN UPMOVE TO 6186 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE IT TO 6220 AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 6122 THEN LIKELY TO TAKE SUPPORT AT 6100 AND BREAK BELOW THIS LEVEL WOULD COME DOWN TO 6080 LEVELS AND BREAK BELOW THIS LEVEL WOULD DRAG FURTHER DOWN TO 6040 LEVELS. THOUGH WE HAVE SEEN NIFTY ON THE LAST TRADING SESSION HAS RECOVERED WE DON’T SEE MANY STOCKS REVERSING THEIR TREND TO POSITIVE ZONES, SO IT IS ADVISED TO STILL STAY CAUTIOUS ON THE BUYING SIDE. WE STILL SEE THERE IS SOME NEGATIVE INCLINATION IN THE MARKETS SO STAY CAUTIOUS AND IF YOU SHORT MAKE SURE THAT YOUR STOPLOSS IS 6200 LEVELS.

BUY SASKEN COMMUNICATION SL 216 TGT 222/226/229 (SHORT TERM 250)
BUY BROADCAST INITIATIVES SL 27 TGT 28.40/29.5/30.60
BUY BLB LTD SL 17 TGT 18.30/19.50/20.20
BUY IBREAL SL 204 TGT 211/215/218

INTRADAY TIPS FOR 18 OCTOBER 2010

GOOD MORNING!!!

INDICES HAD A SERIOUS BLOW AFTER A CONTINUAL UPSIDE RALLY QUITE A LONG TIME IN THE INDIAN MARKETS. INDICES PAIRED ITS INITIAL GAINS AS THE STOCKS LED THE SELL-OFF AFTER SECTOR BELLWETHER INFOSYS ANNOUNCED RESULTS BEFORE TRADING HOUR. SENSEX WAS ALMOST DOWN BY 400 POINTS AND CLOSED ALMOST ON THE LOWS OF THE DAY. THE MARKET BREADTH WAS WEAK THOUGH THE START WAS VERY POSITIVE IN THE MARKETS, MARKETS COULDN’T HOLD IT QUITE A LONG AND TURNED VERY WEAK AS THE DAY PASSED BY. ALL THE SECTORAL INDICES SUFFERED SERIOUS BLOWS NO SECTOR WAS IN GREEN. IT, BANKING AND METAL WERE THE WORST HIT AMONGST REST OF THE SECTORAL INDICES. ADDING TO THE PROFIT BOOKING, COAL INDIA IPO HAS SUCKED AWAY SOME LIQUIDITY IN THE MARKETS FOR THE MEGA PUBLIC OFFER.

TODAY WE ARE ENTERING TO A NEW METHOD OF TRADING WHICH IS LIKELY TO REMOVE THE NOISY TRADES IN THE MARKETS, THIS NEW METHOD OF TRADING IS FOR ARRIVING TO THE OPENING PRICE IN THE NIFTY. A VERY GOOD CONCEPT WHICH WILL SAFE GUARD A COMMON MANS INTEREST IN THE MARKETS. AS SEEN IN THE LAST TRADING SESSION WE MAY STILL SEE SOME MORE PRESSURE ADDING IN THE MARKETS FOR ANOTHER COUPLE OF DAYS FOR THE COAL INDIA IPO. THIS MEGA IPO MAY SUCK OUT SOME MORE LIQUIDITY FROM THE MARKETS. TODAY IF NIFTY TRADES BELOW 6075 THEN LIKELY TO CONTINUE ITS DOWNSIDE MOVE TO 6042 LEVELS AND BREACH BELOW THIS LEVEL WOULD TAKE FURTHER DOWN TO 6000 LEVELS AND ANY BREAK BELOW THIS LEVEL WE CAN SEE NIFTY TO COME DOWN TO 5970 LEVELS, ANY CLOSE BELOW 6000 IS CONSIDERED TO BE VERY WEAK. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 6115 THEN LIKELY TO MOVE UP AND MAY FACE RESISTANCE AROUND 6140 LEVELS AND THEN 6186 LEVELS. ANY TRADE ABOVE 6180 MAY TURN MARKET SENTIMENT TO POSITIVE FROM THE CURRENT NEGATIVE SENTIMENT. WE MAY SEE LOT OF PRESSURE IN THE MARKET TO CONTINUE AND STOCK SPECIFIC MOVE IS EXPECTED, STAY CAUTIOUS.

BUY PITTILAMINATION SL 49.4 TGT 52.30/53.90/54.80 (SHORT TERM 70/81)
BUY ORCHID ABOVE 314 SL 309.40 TGT 319/326/330
BUY NAGARJUNA FERT SL 35.40 TGT 36.40/36.90/37.65 (SHORT TERM 45)
BUY INDIA GLYCOLS SL 178 TGT 187/193/200 (SHORT TERM 260)
POSITIONAL TRADES
BUY VST INDUSTRIES TGT 700

INTRADAY TIPS FOR 15 OCTOBER 2010

GOOD MORNING!!!

THE MARKET SURGED IN OPENING TRADE TRACKING FRIM ASIAN STOCKS AND CONSISTANTLY INCREASED BUYING INTEREST FROM FOREIGN FUNDS AND HIT FRESH HIGHS OF 33 MONTHS AND HAS REACHED ALMOST MOST NEAR TO THE HISTORIC HIGHS BUT COULDN’T SUSTAIN FOR LONGER AND MARKETS STARTED LOOSING THE POSITIVE MOMENTUM AND STARTED TO BLEED ON FRESH SELLING IN INDEX PIVOTALS WHICH HAS DRAGGED THE INDICIES TO THE LOWER LOWS OF THE DAY BY THE LATE TRADE. THERE WAS IMMENSE VOLATILITY IN THE TRADE, MARKET BREADTH TURNED WEAK AS THE DAY PASSED BY FROM A VERY STRONG BREADTH. THE ANOTHER REASON FOR PROFIT BOOKING APART FROM FRESH SHORTS ARE DUE TO COAL INDIA PUBLIC ISSUE EXPECTED TO HIT MARKETS NEXT WEEK. TELECOM, CAPITAL GOODS AND BANKING SHARES UNDERWENT SOME CORRECTION AFTER THE RECENT SURGE.

TODAY MARKETS LOOKS NEGATIVELY BIASED AND MAY SEE A VERY VOLATILE SESSION, IF NIFTY TRADES BELOW 6186 THEN LIKELY TO COME DOWN TO 6160 LEVELS AND BREACH BELOW THIS LEVEL WOULD TAKE NIFTY DOWN TO 6127 LEVELS AND ANY CLOSE BELOW 6127 WE WOULD SLIDE DOWN IN COMING DAYS OF THE TRADE. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 6212 THEN LIKELY TO MOVE UP TO 6230 AND BREAK ABOVE THIS POINT WOULD TAKE UP FURTHER TO 6260 LEVELS AND ANY CLOSE ABOVE 6200 IS CONSIDERED TO BE STRONG. MARKETS STILL REMAIN ON STRONG ZONE AND HAS NOT WEAKNED TO THE EXTENT WHERE ONE CAN INITIATE SHORTS ONE CAN INITIATE LONGS IF NIFTY COMES DOWN TO 6150 LEVELS WITH STOPLOSS OF 6125 LEVELS AND IF NIFTY CLOSES BELOW 6125 ONE CAN GO SHORT AND RETAIN THE POSITION. TODAY THE MAJOR TRIGGER IS Q2 EARNINGS FOR INFOSYS AND Q2 SEPTEMBER RESULTS WOULD BE THE KEY FOR MARKETS TO KEEP UP THE MOMVEMENT. Q2 WOULD ACT AS A MAJOR TREND DECIDER IN THE COMING DAYS.

BUY NAGARJUNA FERTILIZERS ABOVE 36.30 SL 35.75 TGT 37.25/38/38.90
BUY CHAMBAL FERT SL 89.25 TGT 93.95/97/98.85
BUY TTML SL 23.80 TGT 24.70/25.10/25.5
BUY RAMCO SYSTEMS SL 140 TGT 146/151/155* (SHORT TERM 185)

POSITIONAL TRADE
BUY SUBEX AZURE SL 58 TGT 72/85/98

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