INTRADAY TIPS FOR 29 OCTOBER 2010

GOOD MORNING!!!

MARKET WAS WILD THROUGHOUT THE DAY, INTRADAY VOLATILITY WAS EXTREMELY HIGH. THE MARKET SLIPPED INTO THE RED IN MORNING TRADE. THE MARKET REGAINED POSITIVE ZONE LATER IN THE TRADE EXTENDING GAINS IN MID-MORNING TRADE. VOLATILITY CONTINUED, INDICES ONCE AGAIN ERASED ALL THE INTRADAY GAINS IN THE LATE AFTERNOON TRADE WITH A SUDDEN SELL-OFF IN THE TRADE PULLED THE KEY INDICES BELOW THE PSYCHOLOGICAL LEVELS IN BOTH SENSEX AND NIFTY. A REBOUND FROM LOWER LEVELS AT THE FAG END OF THE TRADING HELPED NIFTY TO REGAIN 6000 LEVELS. VOLATILITY WAS THE KEY AS TRADERS ROLLED OVER THEIR POSITIONS FROM OCTOBER TO THE NOVEMBER SERIES. THE MARKET BREADTH WAS WEAK, COMPARED WITH A STRONG BREADTH EARLIER IN THE DAY.

TODAY MARKETS LOOK RANGE BOUND SINCE TODAY BEING THE FIRST DAY OF THE NEW CONTRACT WE MAY SEE NIFTY TO GIVE A CLEAR TREND IN THE MARKETS. IF NIFTY TRADES ABOVE 6008 THEN ONE CAN SEE NIFTY TO MOVE 6044 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6080 LEVELS AND ANY CLOSE ABOVE THIS LEVEL IS CONSIDERED TO BE BULLISH ON NIFTY. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5977 THEN WE CAN SEE NIFTY TO SLIDE DOWN TO 5957 AND THEN TO 5930 AND THEN TO 5890 LEVELS. ONE CAN BUY NIFTY AT THE BOTTOMS ON BARGAIN HUNT WITH A STRICT STOPLOSS OF 5763 SINCE THIS IS THE VERY CRUCIAL LEVEL IN NIFTY IF IT DOESN’T TAKE SUPPORT AT 5890 LEVELS. ONE CAN TAKE POSITIONS INITIALLY JUST ABOVE 5900 LEVELS WITH A STRICT STOPLOSS OF 5890 LEVELS AND IF IT BREAKS AGAIN ONE CAN INITIATE AROUND 5800 WITH A STRICT STOPLOSS OF 5763.

BUY CUMMINS SL 773 TGT 789/796/811
BUY CITY UNION BANK SL 49.90 TGT 51.60/52.40/53
BUY MUNJAL SHOWA SL 70.90 TGT 73/74.35/75 (SHORT TERM 82)
BUY ABG SHIPYARD SL 467 TGT 487/498/505 (SHORT TERM 588/700)
BUY INDIABULLS FINANCIALS SL 216.90 TGT 223/227/232

POSITIONAL TRADES
BUY SANWARIA AGRO TGT 215/260

INTRADAY TIPS FOR 28 OCTOBER 2010

GOOD MORNING!!!

WEAK GLOBAL STOCKS DAMPENED INVESTOR SENTIMENT AND PAVED WAY FOR THE SECOND STRAIGHT DAY FALL. THE MARKET RECOVERED AFTER AN EARLY SLIDE TRIGGERED BY WEAK ASIAN STOCKS. BUT, THE INTRADAY RECOVERY PROVED SHORT-LIVED, WITH WEAK ASIAN STOCKS WEIGHING ON INVESTOR SENTIMENT. THE MARKET ONCE AGAIN CAME OFF LOWS IN MORNING TRADE. THE MARKET WEAKENED AGAIN IN EARLY AFTERNOON TRADE AS THE SENSEX HIT A FRESH INTRADAY LOW. FRESH SELLING PULLED THE MARKET TO THE DAY'S LOW IN AFTERNOON TRADE. THE MARKET EXTENDED LOSSES TO HIT FRESH INTRADAY LOW IN MID-AFTERNOON TRADE. VOLATILITY CONTINUED IN LATE TRADE. STOCKS WERE VOLATILE AS TRADERS ROLLED OVER POSITIONS IN THE DERIVATIVES SEGMENT FROM THE NEAR-MONTH TO NOVEMBER SERIES AHEAD OF THE EXPIRY OF THE OCTOBER CONTRACTS. THE MARKET BREADTH WAS WEAK, IN CONTRAST WITH A STRONG BREADTH EARLIER IN THE DAY. INTEREST RATE SENSITIVE BANKING AND REALTY STOCKS FELL. CAPITAL GOODS AND FMCG STOCKS ALSO DECLINED.

TODAY MARKETS WOULD BE A SEE-SAW MARKETS WITH HIGH CURRENT VOLATILITY AS TODAY BEING THE EXPIRY OF THE CURRENT MONTH, WE MAY SEE STOCK SPECIFIC MOVES AHEAD OF EXPIRY. TODAY THERE WONT BE MUCH IMPACT ON THE EXTERNAL FACTORS LIKE ASIAN OPENING AND WEAK CLOSING OF AMERICAN AND EURPEAN MARKETS. TODAY IF NIFTY TRADES ABOVE 6046 THEN LIKELY TO MAKE AN UPMOVE TO 6060 AND THEN TO 6098 LEVELS WHICH MAY BE CRUCIAL LEVEL FOR NIFTY BUT IF NIFTY TRADE ABOVE 6100 THEN WE MAY SEE FURTHER UPSIDE IN NIFTY. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 6014 THEN LIKELY TO DIP DOWN TO 5967 LEVELS AND IF NIFTY DOESN’T HOLD 5950 THEN LIKELY TO DIP DOWN TO 5904 LEVELS WHICH IS A MINOR SUPPORT. 5967 IS A CRUCIAL LEVEL WHERE NIFTY SHOULD HOLD. BE CAUTIOUS IN THE MARKET.

BUY SUBEX SL 76.85 TGT 79/80.40/82.45
BUY IDBI SL 176.90 TGT 179.75/181.40/182.5
BUY SURYA PHARMA SL 335 TGT 347/353/358
BUY DHANALAKSHMI BANK SL 208 TGT 212/214.70/218.80

POSITIONAL TRADES
BUY LIC HSG 1700/1900

INTRADAY TIPS FOR 27 OCTOBER 2010

GOOD MORNING!!!

INDICES DECLINED, SOON AFTER HITTING FRESH INTRADAY HIGHS AFTER RBI DEPUTY GOVERNOR SUBIR GOKARN SAID SURGING FOOD PRICES ARE STRUCTURAL AND WILL PUT UPWARD PRESSURE ON INFLATION AND INTEREST RATES. THE MARKET RECOVERED FROM LOWER LEVEL, SOON AFTER HITTING A FRESH INTRADAY LOW IN EARLY AFTERNOON TRADE. THE SELLING PRESSURE INTENSIFIED IN AFTERNOON TRADE AS THE MARKET WEAKENED ONCE AGAIN. THE MARKET CAME OFF THE DAY'S LOW IN MID-AFTERNOON TRADE. THE MARKET AGAIN WEAKENED IN LATE TRADE. INDICES EDGED LOWER IN A CHOPPY TRADING SESSION AS WEAK GLOBAL STOCKS WEIGHED ON INVESTOR SENTIMENT. THE MARKET BREADTH WAS NEGATIVE, COMPARED WITH A STRONG BREADTH EARLIER IN THE DAY. BANKING AND METAL STOCKS FELL. AUTO STOCKS BUCKED THE WEAK MARKET. STOCKS WERE VOLATILE AS TRADERS ROLLED OVER POSITIONS IN THE DERIVATIVES SEGMENT FROM THE NEAR-MONTH OCTOBER 2010 SERIES TO NOVEMBER 2010 SERIES AHEAD OF THE EXPIRY OF THE OCTOBER 2010 CONTRACTS.

TODAY MARKETS LOOKS FLAT TO NEGATIVE ON THE OPENING BASIS TRACKING WEAK CLOSING OF EUROPEAN MARKETS AND FLAT CLOSING OF AMERICAN MARKETS. WE MAY SEE NIFTY TO BE RANGE BOUND IN TODAYS TRADE AS WE ARE IN THE LAST LEGS OF CONTRACT CLOSING FOR THE CURRENT MONTH. IF NIFTY TRADES BELOW 6087 THEN LIKELY TO MAKE ITS DOWNWARD JOURNEY TO 6060 AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY DOWN TO 6016. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 6038 THEN WE CAN SEE NIFTY TO MOVE UP TO 6055 BREAK ABOVE THIS POINT WILL TAKE IT FURTHER UPSIDE TO 6080 LEVELS AND ANY CLOSE ABOVE THIS POINT ONE CAN SEE NIFTY TO MOVE HIGHER. IF NIFTY TRADES ABOVE 6087 ONE CAN SEE THAT NIFTY IS ON THE POSITIVE WAVE AND ONE CAN REMAIN LONG ON EVERY DECLINE BUT IF NIFTY CLOSES BELOW 6087 THEN ONE IS ADVISED TO EXIT LONGS AND GO SHORT.

BUY DENA BANK SL 136.80 TGT 142/146/148
BUY TRIVENI SL 121.40 TGT 124/125.70/126.70 (SHORT TERM 150)
BUY FIRST LEASING SL 86.30 TGT 91/94/98
BUY JINDAL POLYFILMS SL 666 TGT 683/699/708
BUY TATA ELXSI SL 289 TGT 298/305/309
BUY UCO BANK SL 134 TGT 136.40/137.60/138.65

POSITIONAL TRADES
BUY SUBEX TGT 85

INTRADAY TIPS FOR 26 OCTOBER 2010

GOOD MORNING!!!

THE MARKET EDGED HIGHER IN EARLY TRADE ON FIRM ASIAN EQUITIES AND GLOBAL MARKETS HELPED INDIAN STOCKS TO MOVE HIGHER AND HIGHER IN THE OPENING TRADE ALONG WITH STRONG Q2 RESULTS WHICH HELPED INDICES TO TAKE-OFF AND HIT FRESH INTRADAY HIGHS IN THE MORNING TRADE. SOON AFTER HITTING INTRADAY HIGHS IN INDICES MARKETS TRADED NARROWLY FOR SOMETIME AND STARTED GIVING AWAY THE GAINS. STOCKS BECAME VERY VOLATILE AS TRADERS ROLLED OVER POSITIONS IN DERIVATIVE SEGMENT FROM CURRENT MONTH TO THE NEXT CONTRACT. SHARES OF IT BELLWETHER INFOSYS FELL WHICH HAS IMPACTED THE MARKETS AS WELL, MARKET BREADTH WAS STRONG. HIGH BETA METAL AND REALTY STOCKS ROSE ALONG WITH CONSUMER DURABLES, CEMENT AND AUTO STOCKS ALSO CONTRIBUTED TO THE RISE. THE TRADE DEFICIT NARROWED TO $9.12 BILLION IN SEPTEMBER 2010 FROM A 23-MONTH HIGH OF $13.06 BILLION IN AUGUST 2010. EXPORTS IN SEPTEMBER 2010 ROSE AN ANNUAL 23.2% TO $18.02 BILLION, WHILE IMPORTS FOR THE MONTH GREW 26.1% ON THE YEAR TO $27.14 BILLION.

TODAY MARKETS LOOK POSITIVE TRACKING POSITIVE CLOSING OF US AND EUROPEAN MARKETS AND STRONG OPENING OF ASIAN STOCKS. IF NIFTY TRADES ABOVE 6150 THEN LIKELY TO MOVE UP TO 6180 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6200. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 6111 THEN LIKELY TO COME DOWN TO 6075 AND THEN TO 6036 LEVELS ONE IS ADVISED TO STAY CAUTIOUS IN THE CURRENT CONDITIONS AS THE MARKET IS VERY VOLATILE. IF NIFTY CLOSES BELOW 6050 THEN ONE IS ADVISED TO STAY AWAY FROM LONGS.

BUY ALOK TEXTILES SL 25.40 TGT 26.10/26.55/26.80 (SHORT TERM 29.40)
BUY KS OILS SL 58.40 TGT 59.90/60.80/61.90 (SHORT TERM 65)
BUY GITANJALI GEMS SL 287.25 TGT 299/306/310
BUY CENTRAL BANK OF INDIA SL 237 TGT 243/247/253

POSITIONAL TRADES
BUY MANGALORE CHEM TGT 55/60*
BUY EKC TGT 160/185
BUY SCI TGT 220

INTRADAY TIPS FOR 22 OCTOBER 2010

GOOD MORNING!!!

STRONG OPENING TRACKING US, EUROPEAN STOCKS CLOSING AND ASIAN STOCKS OPENING MADE STOCK INDICES SURGE BEYOND IMAGINATION GUIDING WEAK MARKETS INTO A STRONG ZONE. HEAVY, CONTINUAL AND SUSTAINED BUYING INTEREST FROM FOREIGN FUNDS KEPT STOCK MARKETS TO SURGE HIGH AND HIGH. MARKETS INCHED UP HIGHER ON STRONG RESULTS OF Q2 AND THERE AFTER IN THE MID AFTERNOON ON DATA SHOWING EASING OF INFLATION INDEX ALSO SUPPORTED STOCKS TO MOVE FURTHER HIGH THERE BY HITTING NEW INTRADAY HIGHS. ALL THE SECTORAL INDICES WERE IN GREEN, MARKET BREADTH WAS STRONG IN THE OPENING OF THE TRADE AND CONTITUED TO GET STRONGER AND STRONGER AS THE DAY PASSED BY. FMCG, BANKING, METALS AND REALTY STOCKS ROSE.

TODAY MARKETS LOOKS POSITIVE AND IF NIFTY TRADES ABOVE 6138 THEN LIKELY TO MAKE ITS UPWARD JOURNEY TO 6166 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6186 LEVELS AND FURTHER MAY HAVE RESISTANCE AROUND 6206 LEVELS. ON THE DOWNSIDE IF NIFTY TRADES BELOW 6120 THEN LIKELY TO MAKE ITS MOVE DOWN TO 6100 AND ANY BREAK BELOW THIS LEVEL WILL DRAG FURTHER DOWN TO 6078 LEVELS AND THEN TO 6042 LEVELS. ONE IS ADVISED TO STAY CAUTIOUS AT EVERY HIGHER LEVEL. IF NIFTY CLOSES ABOVE THE TODAYS OPEN THEN ONE CAN STAY LONG.

BUY TULSI EXTRUSION SL 92 TGT 98/102/105
BUY ALEMBIC SL 70 TGT 72.50/74/75*
BUY PTC SL 134 TGT 136.35/138/139.35
BUY UNITED PHOS SL 204 TGT 211/214/216.7

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