INTRADAY TIPS FOR 03 NOVEMBER 2010

GOOD MORNING!!!

MARKETS MOVED IN NARROW RANGE AFTER SEEING WILD SWING IN EARLY AFTERNOON TRADE IMMEDIATELY AFTER THE RESERVE BANK OF INDIA'S DECISION TO RAISE KEY POLICY RATES AT A QUARTERLY POLICY REVIEW. THE MARKET HIT A FRESH INTRADAY HIGH IN AFTERNOON TRADE. THE MARKET SLIPPED TO FRESH DAY'S LOW IN VOLATILE MID-AFTERNOON TRADE. VOLATILITY CONTINUED IN THE LAST ONE HOUR OF TRADE AND CLOSED FLAT AT THE END OF THE TRADE THE KEY BENCHMARK INDICES PROVISIONALLY SETTLED WITH SMALL LOSSES. THE MARKET BREADTH WAS NEGATIVE IN CONTRAST WITH A POSITIVE BREADTH EARLIER IN THE DAY. REALTY STOCKS FELL AFTER THE RESERVE BANK OF INDIA TIGHTENED PROVISIONING NORMS FOR HOME LOANS. AUTO STOCKS, TOO, EDGED LOWER IN VOLATILE TRADE. SOFTWARE AND BANKING STOCKS SAW MIXED TREND.

TODAY NIFTY WOULD OPEN POSITIVE TRACKING POSITIVE US CLOSING AND STRONG ASIAN OPENING. WE MAY SEE NIFTY TO OPEN AROUND 6180 LEVELS, IF NIFTY TRADES ABOVE 6180 THEN LIKELY TO MOVE UP TO 6211 THOUGH 6200 MAY ACT AS A PSYCHOLOGICAL RESISTANCE. IF NIFTY BREAKS 6211 THEN WE CAN SEE FURTHER STRONG UPSIDE MOVEMENT WHICH WOULD SURPASS THE PREVIOUS HIGHS AS WELL. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 6134 THEN LIKELY TO COME DOWN TO 6120 AND THEN TO 6097 LEVELS AND ANY BREAK BELOW THIS 6097 WOULD DRAG NIFTY DOWN TO 6061, IF NIFTY CLOSES BELOW 6061 THEN ONE IS ADVIVSED TO STAY OUT OF LONGS AND CARRY SHORT POSITIONS OVERNIGHT FOR FURTHER DECLINE IN THE MARKETS. OIL, FERTILIZERS AND CEMENTS ARE LOOKING GOOD FOR NEAR TERM BET.

BUY KARNATAKA BANK SL 199 TGT 204/207/210
BUY WOCKHARDT SL 353.75 TGT 368/375/389
BUY TATA ELXSI(I) SL 307 TGT 323/333/339 (SHORT TERM 350/425)
BUY ACC SL 1058.85 TGT 1078/1085/1098
BUY MLL SL 71 TGT 72.9/73.8/74.75 (SHORT TERM 80/100)
BUY BPCL SL 770 TGT 782/788/797

POSITIONAL TRADES
BUY PTC TGT 200
BUY FINANCIAL TECHNOLOGIES TGT 1250
BUY ABB TGT 1000

INTRADAY TIPS FOR 02 NOVEMBER 2010

GOOD MORNING!!!

THE MARKET OPENED ON A FIRM NOTE, TRACKING GAINS IN ASIAN STOCKS. THE MARKET EXTENDED GAINS IN MID-MORNING TRADE. THE MARKET HELD FIRM IN EARLY AFTERNOON TRADE. INDICES SCALED FRESH INTRADAY HIGH IN AFTERNOON TRADE. THE MARKET HELD FIRM IN MID-AFTERNOON TRADE. THE MARKET PARED GAINS ON PROFIT BOOKING IN LATE TRADE. INDICES LOGGED STRONG GAINS AS LATEST DATA SHOWING SURGE IN MANUFACTURING ACTIVITY IN OCTOBER 2010, GOOD Q2 SEPTEMBER 2010 RESULTS, AND FIRM GLOBAL STOCKS BOOSTED INVESTOR SENTIMENTS. AS TRADING REMAINED SUSPENDED ON BSE FOR ABOUT TWO-AND-A-HALF HOURS BETWEEN 12:00 IST AND 14:30 IST DUE TO A TECHNICAL SNAG. TRADING CONTINUED ON NSE AS USUAL DURING THAT PERIOD. DUE TO CLOSURE OF TRADING FOR MORE THAN TWO HOURS, TURNOVER ON BSE DECLINED SHARPLY TO RS 1957 CRORE FROM RS 5,018.07 ON FRIDAY, 29 OCTOBER 2010.

TODAY NIFTY MAY OPEN FLAT AND WOULD BE RANGE BOUND IF NIFTY TRADES ABOVE 6166 THEN LIKELY TO MOVE UP TO 6180 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6211. AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 6138 THEN LIKELY TO COME DOWN TO 6120 AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY DOWN TO 6090 LEVELS AND ANY CLOSE BELOW WOULD SLIDE DOWN NIFTY TO 6060 LEVELS. ONE SHOULD BE VERY CAUTIOUS AS TODAY IS RBI MEET WHICH IS VERY CRUCIAL IN THE MARKETS, DECISION FROM RBI WOULD DETERMINE THE TREND OF THE MARKETS. SO ONE SHOULD PLAY CAUTIOUSLY.

BUY INDIABULLS SL 229.50 TGT 237/241/245 (SHORT TERM 300)*
BUY FEDERAL BANK SL 488 TGT 498/505/510 (SHORT TERM 600)
BUY INGVYSYA SL 434.90 TGT 448/457/463
BUY TITAN SL 3772 TGT 3840/3873/3900

INTRADAY TIPS FOR 01 NOVEMBER 2010

GOOD MORNING!!!

MARKETS WERE VERY VOLATILE. THE MARKET SLIPPED INTO THE RED, SOON AFTER A POSITIVE STARTS AS WEAK ASIAN STOCKS WEIGHED ON SENTIMENT. THE MARKET CAME OFF LOWS LATER. THE MARKET HOVERED IN NEGATIVE ZONE IN MID-MORNING TRADE. THE MARKET ERASED ALMOST ALL THE INITIAL LOSSES IN EARLY AFTERNOON TRADE AND STOCKS MOVED IN A NARROW RANGE IN AFTERNOON TRADE. INDICES STAGED A SOLID COMEBACK IN LATE TRADE TO STRIKE THE DAY'S HIGH LED BY RALLY IN ICICI BANK, WHICH JUMPED AFTER POSTING FORECAST-BEATING Q2 RESULTS. THE MARKET BREADTH, INDICATING THE HEALTH OF THE MARKET WAS WEAK. THE BREADTH WAS POSITIVE IN OPENING TRADE. THE FOCUS OF THE MARKET IS CURRENTLY ON THE SECOND QUARTER SEPTEMBER 2010 RESULTS. THE RESULTS ANNOUNCED SO FAR HAVE BEEN ENCOURAGING. THE COMBINED NET PROFIT OF A TOTAL OF 969 FIRMS SURGED 47.50% TO RS 63276 CRORE ON 18.20% GROWTH IN SALES TO RS 386044 CRORE IN Q2 SEPTEMBER 2010 OVER Q2 SEPTEMBER 2009.

TODAY NIFTY WOULD OPEN POSITIVE BUT MAY REMAIN UNDER PRESSURE UNLESS AND LEVELS MENTIONED BELOW ARE BREACHED. IF NIFTY TRADES 6051 THEN LIKELY TO MAKE ITS UP MOVE TO 6072 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6098 LEVELS AND ANY CLOSE ABOVE 6100 WOULD TAKE NIFTY TO NEW LEVELS AND TURN THE NEGATIVE WAVE IN NIFTY TO POSITIVE WAVE. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 6035 THEN LIKELY TO MADE A DOWN MOVE TO 6011 LEVELS AND BREAK BELOW THIS LEVEL MAY TAKE A PSYCHOLOGICAL SUPPORT AT 6000 AND BREAK BELOW THIS LEVEL WILL DRAG NIFTY TO 5967 LEVELS. ONE IS ADVISED TO BE WITH THE TREND. WE CAN SEE FEW STOCK SPECIFIC MOVES.

BUY GLENMARK PHARMA SL 336.40 TGT 347/352/356
BUY JSW STEEL SL 1337 TGT 1360/1373/1385
BUY FIE MINDS SL 211 TGT 218/222/225
BUY SONATA SOFTWARES SL 59 TGT 61/62/63.55

POSITIONAL TRADES

BUY TITAN INDS TGT 4500/5500
BUY ESSAR OIL TGT 175/190
BUY RANE HOLDINGS TGT 500/700
BUY REI AGRO TGT 30/37
BUY CUMMINS TGT 1000/1250*
BUY GSPL TGT 145/200*

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