INTRADAY TIPS FOR 18 NOVEMBER 2010

GOOD MORNING!!!

INDICES LOWERED IN EARLY TRADE TRACKING THE ASIAN INDICES, MARKET THEN MOVED IN A NARROW RANGE WITH A NEGATIVE BIAS, INDICES WEAKENED ONCE AGAIN AFTER RECOUPING MOST OF THE INITIAL LOSSES IN MID-MORNING TRADE AS WEAK ASIAN STOCKS DAMPENED INVESTOR SENTIMENT. THE MARKET SLUMPED IN EARLY AFTERNOON TRADE AS CHINESE STOCKS TUMBLED. THERE WAS LITTLE RECOVERY SEEN FROM THE LOWEST LEVELS OF THE DAY ON BARGAIN HUNT WHICH MADE INDICES TO CLOSE LITTLE ABOVE THE LOWEST POINT OF THE DAY.
MAJOR CAUSES OF DECLINE ARE
(A) A POSSIBLE RATE HIKE IN CHINA
(B) CONCERNS OVER THE EUROPEAN SOVEREIGN DEBT CRISIS
(C) WORRIES THAT US FUNDS WILL CLOSE POSITIONS IN EMERGING MARKETS STOCKS AHEAD OF THE YEAR-END TO CASH IN ON RECENT GAINS THESE ARE THE ABOVE THREE ROOT CAUSES OF MAJOR DECLINE IN THE MARKETS. REALTY, BANKING, METAL, CONSUMER DURABLES AND CAPITAL GOODS STOCKS LED THE DECLINE. ALL THE SECTORAL INDICES WERE IN THE NEGATIVE ZONE AND THE MARKET BREADTH WAS WEAK.

TODAY MARKETS WOULD OPEN FLAT AND RANGE BOUND, METALS MAY STILL BE UNDER PRESSURE OVER THE CONCERNS IN CHINA. IF NIFTY TRADES BELOW 5975 THEN LIKELY TO DIP DOWN TO 5944 LEVELS AND BREACH BELOW THIS LEVEL WE CAN SEE NIFTY TO COME DOWN TO 5860 LEVELS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 6008 CAN MOVE UP TO 6040 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6079 LEVELS AND ONE IS ADVISED NOT TO GO LONG ON POSITIONAL FRONT AS NIFTY IS STILL WEAK AND ONE NEEDS TO STAY AWAY FROM IT ONE IS ADVISED TO SHORT AT HIGHER LEVELS IN NIFTY POSITIONALLY. IF YOU ARE ON THE LONG BASED ON THE ABOVE MENTIONED LEVELS ONE IS ADVISED TO STAY CAUTIOUS AND ONLY TRADE ON INTRADAY TERMS AND DO NOT CARRY FORWARD THE LONGS AT ANY COST.

BUY WINDSOR MACHINES SL 99.90 TGT 105/108/110
BUY EMKAY SL 113 TGT 119/121/123

INTRADAY TIPS FOR 16 NOVEMBER 2010

GOOD MORNING!!!

THE MARKET EDGED LOWER AFTER A FIRM START AS MOST ASIAN STOCKS FELL. INTRADAY VOLATILITY WAS HIGH, INDICES ONCE AGAIN SLIPPED INTO THE RED AFTER REVERSING INITIAL LOSSES TO HIT FRESH INTRADAY HIGHS IN MORNING TRADE. THE MARKET SLIPPED INTO THE RED AFTER RECOVERING SHARPLY FROM THE DAY'S LOW TO TURN POSITIVE FOR A BRIEF PERIOD IN MID-MORNING TRADE. THE MARKET REGAINED POSITIVE ZONE IN EARLY AFTERNOON TRADE. THE MARKET HIT A FRESH INTRADAY HIGH IN AFTERNOON TRADE. THE MARKET ONCE AGAIN SLIPPED INTO THE RED IN AFTERNOON TRADE AS EUROPEAN STOCKS FELL IN EARLY TRADE AND AS US INDEX FUTURES REVERSED INITIAL GAINS. THE MARKET SURGED TO FRESH INTRADAY HIGH IN LATE TRADE AS EUROPEANS STOCKS CAME OFF LOWS AND AS US INDEX FUTURES EDGED HIGHER. IMPROVED TRADE DATA AND EASING OF INFLATION IN OCTOBER 2010 ALSO HELPED TRIGGERED BARGAIN HUNTING AFTER FRIDAY'S (12 NOVEMBER 2010) 2.1% DROP IN THE SENSEX. INTRADAY VOLATILITY WAS HIGH. THE MARKET BREADTH WAS NEGATIVE, IN CONTRAST WITH A POSITIVE BREADTH EARLIER IN THE DAY. BANKING AND IT STOCKS ROSE. BANKING STOCKS JUMPED ON THE FOLLOWING GROUNDS (A) INFLATION FOR OCT MORE OR LESS IN LINE WITH THE MARKET EXPECTATIONS. (B) STATE BANK WAS UP ON REPORTS ABOUT ACQUISITION OF A BANK IN INDONESIA, AND EXPANDING ITS OPERATIONS IN SOUTH ASIA.

TODAY MARKETS MAY OPEN POSITIVE ON POSITIVE CLOSING OF INDIAN INDICES LAST DAY AND MAY FACE RESISTANCE AROUND 6169 LEVELS AND IF NIFTY BREAK ABOVE 6180 THEN LIKELY TO MOVE ABOVE 6191 AND BREAK ABOVE THIS POINT WOULD DRIVE NIFTY TO 6225 AND ANY CLOSE ABOVE 6237 WOULD TAKE NIFTY TO 6300 IN A DAY OR TWO. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 6111 THEN LIKELY TO COME DOWN TO 6071 AND BREAK BELOW THIS POINT WOULD SLIDE NIFTY 6038 LEVELS. ONE CAN SHORT NIFTY AT EVERY HIGHER LEVEL KEEPING 6237 AS STOPLOSS POSITIONALLY. STAY CAUTIOUS AT EVERY HIGHER LEVEL AS THERE IS EVERY POSSIBILITY THAT MARKETS MAY REACT VIOLENT IN THE PRESENT CONDITION. MARKETS ARE NOT VERY STRONG SO ADVISED TO STAY AWAY FROM LONGS UNTIL NIFTY BREACHES 6237.

BUY NAVNEET SL 65.40 TGT 68/69/70
BUY WOCKHARDT SL 405 TGT 425/443/453
SELL EDUCOMP SL 520 TGT 500/495/483 (STOCK IS WEAK POSITIONALLY)

INTRADAY TIPS FOR 15 NOVEMBER 2010

GOOD MORNING!!!

THE MARKET EDGED LOWER IN EARLY TRADE TRACKING WEAK GLOBAL MARKETS. IT SLIPPED INTO THE RED ONCE AGAIN AFTER A SHARP BOUNCE BACK FROM DAY’S LOW FOR A VERY SHORT SPAN OF TIME IN THE MORNING SESSION. MARKETS WEAKENED IN THE MID-MORNING IT EXTENDED LOSSES TO HIT FRESH INTRADAY LOWS IN EARLY AFTERNOON TRADE. FRESH SELLING DRAGGED THE MARKET TO DAY'S LOW IN AFTERNOON TRADE THIS FRESH SELLING WAS BROADLY BASED ON SELL OFF IN CHINESE STOCKS AS INVESTORS FRETTED BEIJING WILL TAKE NEW STEPS TO COOL THE WORLD'S NO. 2 ECONOMY AND GLOBAL LEADERS MEETING IN SOUTH KOREA PAPERED OVER CURRENCY TENSIONS. IN DOMESTIC NEWS, INDUSTRIAL OUTPUT RISING LOWER THAN FORECAST IN THE MONTH OF SEPTEMBER ALSO DAMPENED SENTIMENT. INDUSTRIAL OUTPUT IN SEPTEMBER 2010 ROSE AT A MUCH SLOWER-THAN-EXPECTED 4.4% FROM 8.2% A YEAR AGO, GOVERNMENT DATA RELEASED TODAY SHOWED. THE SEPTEMBER IIP DATA IS THE LOWEST IN 15 MONTHS. MEANWHILE, THE INDEX OF INDUSTRIAL PRODUCTION FOR AUGUST WAS REVISED UPWARDS FROM 5.6% TO 6.9%. MANUFACTURING GROWTH, WHICH CONSTITUTES 80% OF THE INDUSTRIAL OUTPUT, SLUMPED TO 4.5% IN SEPTEMBER 2010 FROM 8.3% IN SEPTEMBER 2009. THE MINING SECTOR GREW AT 5.2% AGAINST 7.4%, ELECTRICITY ROSE AT 1.7% AGAINST 7.5% WHILE CONSUMER DURABLES INCREASED 10.9% AGAINST 21.9%, IN SEPTEMBER 2010 OVER SEPTEMBER 2009.

TODAY MARKETS LOOK WEAK ON A VERY NEGATIVE CLOSING ON FRIDAY, WEAK GLOBAL CUES ALONG WITH WEAK OPENING IN ASIAN INDICES. TODAY IF NIFTY TRADES BELOW 6080 THEN LIKELY TO PLUNGE DOWN TO 6040 AND THEN TO 6000 LEVELS WHERE NIFTY MIGHT HAVE A GOOD SUPPORT AND ANY BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5960. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 6130 ONE CAN THINK OF GOING LONG UNTIL THEN WISE TO STAY AWAY FROM LONGS, IF NIFTY BREAK ABOVE 6130 THEN LIKELY TO MOVE UP TO 6177 AND THEN TO 6200. ONE IS ADVISED TO STAY CAUTIOUS AT THIS STAGE ON THE POSITIVE SIDE. ONE CAN TAKE FRESH SHORT POSITION IF MARKETS GO UP WITH A STOPLOSS OF 6130 AND WHENEVER IT TRADES BELOW ONE CAN SHORT IT WITH 6130 AS STOPLOSS. MARKETS MAY SUCCUMB TO PRESSURE WHENEVER IT MOVES UP AND IF MARKETS SUSTAIN ABOVE 6130 THEN IT IS WISE TO STAY AWAY FROM THE MARKETS ON SHORT SIDE AS LIKELY TO INCLINE BY MORE THAN 200 POINTS THEN.

BUY TTK PRESTIGE SL 1606 TGT 1660/1700/1750 (SHORT TERM 1945/2600)
BUY ECLERX SL 654 TGT 677/690/700 (SHORT TERM 750/900)
BUY SUN PHARMA ADV RESEARCH ABOVE 102 SL 101 TGT 104/106/109

INTRADAY TIPS FOR 12 NOVEMBER 2010

GOOD MORNING!!!

THE MARKET PARED GAINS AFTER A FIRM START. IT REVERSED GAINS TO HIT FRESH INTRADAY LOWS IN MORNING TRADE. IT CUT LOSSES IN MID-MORNING TRADE. IT SLUMPED TO HIT FRESH INTRADAY LOWS IN EARLY AFTERNOON TRADE. IT REMAINED WEAK IN AFTERNOON TRADE. IT EXTENDED LOSSES TO HIT FRESH INTRADAY LOWS IN MID-AFTERNOON TRADE. IT FURTHER CONTINUED ITS DOWNWARD TREND TO HIT FRESH INTRADAY LOWS IN LATE TRADE. IT WAS MAINLY A CAUTIOUS MOVE BY INVESTORS AND INSTITUTIONS AHEAD OF THE OUTCOME OF MEETINGS OF G-20 WORLD LEADERS IN SOUTH KOREA. TELECOM, BANKING, IT, FMCG, REALTY AND CAPITAL GOODS STOCKS FELL. THE MARKET BREADTH TURNED WEAK FROM STRONG BREADTH SEEN EARLIER IN THE DAY. ALL THE SECTORAL INDICES ON EXCHANGE FELL.

TODAY MARKETS WOULD OPEN NEGATIVE TRACKING WEAK CLOSING OF NIFTY ON THE LAST DAY ALONG WITH NEGATIVE CLOSING OF US AND EUROPE MARKETS. TODAY IF NIFTY TRADES BELOW 6210 THEN IT WILL SLIDE DOWN TO 6176 AND BREAK BELOW THIS LEVELS CAN SEE NIFTY AT 6138 AND THEN TO 6100. ON THE UPSIDE IF NIFTY TRADES ABOVE 6240 THEN LIKELY TO MOVE UP 6260 AND BREAK ABOVE WOULD TAKE IT TO 6300. ONE IS ADVISED TO STAY CAUTIOUS ON UPSIDE, ONE IS ADVISED TO GO LONG ONLY IF NIFTY CLOSES ABOVE 6300 UNTIL THAN ONE CAN STAY SHORT. WE MAY SEE STOCK SPECIFIC MOVES.

BUY SYNDICATE BANK SL 151.7 TGT 154/155/157
BUY HIMATSINGKA SL 61.65 TGT 64.50/66.35/67.50
BUY LUPIN ABOVE 483 SL 479 TGT 488/492/500
BUY HIMACHAL FUTURIS SL 13.80 TGT 14.75/15.40/15.75**
BUY INDUSIND BANK ABOVE 296 SL 293.90 TGT 302/307/311
BUY TATA POWER SL 1404 TGT 1422/1433/1453
SELL CESC SL 393 TGT 388/386/384
NOTE: BUY THE ABOVE STOCKS ONLY IF THEY OPEN POSITIVE ELSE DON’T BUY

INTRADAY TIPS FOR 11 NOVEMBER 2010

GOOD MORNING!!!

MARKETS EDGED LOWER IN EARLY TRADE TRACKING MIXED ASIAN MARKETS . IT RECOVERED FROM THE DAY'S LOW IN MORNING TRADE. IT HIT FRESH INTRADAY HIGHS AFTER MOVING BETWEEN THE POSITIVE AND NEGATIVE TERRAIN IN MID-MORNING TRADE. IT SURGED TO HIT FRESH INTRADAY HIGHS AFTER SLIPPING INTO THE RED FOR BRIEF PERIOD IN EARLY AFTERNOON TRADE. IT ONCE AGAIN SLIPPED INTO THE RED AFTER HITTING FRESH INTRADAY HIGHS IN AFTERNOON TRADE. IT CUT SOME LOSSES IN MID-AFTERNOON TRADE. IT WEAKENED TO HIT FRESH INTRADAY LOWS AT THE FAG END OF THE TRADE. INDICES EDGED LOWER IN A CHOPPY TRADING SESSION WITH INDICES CLOSING NEAR THE DAY'S LOWS AS WEAK EUROPEAN STOCKS WEIGHED ON INVESTOR SENTIMENT. THE INDICES MOVED IN A NARROW BAND NEAR THE FLAT LINE. CAPITAL GOODS, FMCG AND METAL STOCKS FELL. BUT, CONSUMER DURABLES AND IT STOCKS ROSE. THE MARKET BREADTH WAS STRONG AS BUYING WAS WITNESSED IN MID CAP AND SMALL CAP STOCKS.

TODAY NIFTY WOULD BE RANGE BOUND AND NEGATIVELY BIASED. IF NIFTY TRADES BELOW 6296 THEN NIFTY LIKELY TO COME DOWN TO 6266 LEVELS AND BREAK BELOW THIS POINT WOULD LIKELY TO TUMBLE DOWN TO 6206 LEVELS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 6326 THEN LIKELY TO MOVE UPTO 6348 LEVELS AND ANY BREAK ABOVE THIS LEVEL WOULD DRIFT HIGHER TO 6390 LEVELS ONE SHOULD AVOID BUYING NIFTY UNLESS IT BREACHES 6350 LEVELS TO BE SAFER. EVERY HIGHER LEVELS IS A GOOD BET FOR SHORTING ON INTRADAY TERMS KEEPING 6350 AS STOPLOSS. STAY CAUTIOUS IN THE MARKET.

BUY VIP INDS SL 698 TGT 729/750/781
BUY GE SHIPPING SL 387 TGT 398/404/409
BUY VALECHA ENGINEER SL 206.50 TGT 216/222/229
BUY ICSA SL 150 TGT 154.60/157/160
BUY TITAN SL 4118 TGT 4226/4348/4410

POSITIONAL TRADES
BUY KPIT CUMMINS 150/200
BUY BF UTILITIES TGT 1150/1340
BUY MLL TGT 100*
BUY APOLLO TYRES TGT 100
BUY SICAL LOGISTICS TGT 110
BUY GEODESIC TGT 180
BUY LAKSHMI ENERGY & FOODS TGT 100%
BUY JB CHEMICAL & PHARMA TGT 200/230*
BUY TATA MOTORS TGT 1500/1800*

INTRADAY TIPS FOR 10 NOVEMBER 2010

GOOD MORNING!!!

THE MARKET SURGED TO HIT DAY'S HIGH AFTER A WEAK START AS MOST ASIAN STOCKS REVERSED INITIAL LOSSES. PROFIT BOOKING EMERGED SOON AFTER EXTENDING INITIAL GAINS TO HIT FRESH INTRADAY HIGHS IN MORNING TRADE. IT REVERSED INITIAL GAINS TO HIT FRESH INTRADAY LOWS IN EARLY AFTERNOON TRADE. IT TRIMMED LOSSES IN AFTERNOON TRADE. IT RECOVERED SHARPLY TO REGAIN POSITIVE ZONE IN MID-AFTERNOON TRADE. IT EXTENDED GAINS IN LATE TRADE. IT WAS ALL IN ALL A VERY VOLATILE SESSION IN THE MARKET. CONSUMER DURABLES, REALTY, FMCG AND IT STOCKS ROSE. THE MARKET BREADTH WAS STRONG. STATE BANK OF INDIA SLUMPED 4.37% AFTER WEAK Q2 RESULT. CAPITAL GOODS STOCKS FELL.

TODAY MARKETS WOULD REMAIN VOLATILE AND RANGE BOUND. IF NIFTY TRADES ABOVE 6350 LIKELY TO MOVE UP TO 6380 AND THEN TO 6400 LEVELS ANY BREAK ABOVE 6400 LIKELY TO TAKE MARKETS TO MUCH HIGHER LEVELS. ONE IS ADVISED TO STAY CAUTIOUS AT EVERY HIGHER LEVEL THOUGH MARKET IS VERY POSITIVE. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 6318 THEN LIKELY TO DIP DOWN TO 6293 AND BREAK BELOW THIS LEVEL MAY TAKE SUPPORT AT 6270 LEVELS AND ANY BREACH BELOW THIS LEVEL WOULD TAKE NIFTY TO 6245 AND THEN TO 6216. ONE IS ADVISED TO STAY CAUTIOUS AS WE MAY LIKELY TO SEE MIDCAPS AND SMALL CAPS TO MOVE. IF NIFTY TRADES BELOW 6285 ON THE CLOSING BASIS ONE IS ADVISED TO MINIMIZE LONGS AND TRY TO ADD FEW SHORTS AS WELL.

BUY JETAIRWAYS SL 883 TGT 900/919/941
BUY LIC HOUSING SL 1391 TGT 1417/1438/1465
BUY NEHA INTERNATIONAL SL 224 TGT 236/244/249
BUY UB HOLDINGS SL 331.45 TGT 345/353/359
BUY SARADA ENERGY SL 315 TGT 325/333/344

POSITIONAL TRADES
BUY SUBEX TGT 120*

INTRADAY TIPS FOR 09 NOVEMBER 2010

GOOD MORNING!!!

THE MARKET JUMPED IN EARLY TRADE AND STARTED GIVING AWAY THE GAINS TO HIT FRESH INTRADAY LOWS IN MORNING TRADE. STOCKS STARTED GIVING AWAY THEIR GAINS. WEAKNESS CONTINUED IN EARLY AFTERNOON. THOUGH OBAMA VISIT WAS GOOD DIDN’T HAVE A POSITIVE IMPACT ON THE MARKETS. MARKETS WERE DOWN BY AFTERNOON TRADE AND WHEN THE PRIME MINISTER AND PRESIDENT GAVE A MEDIA PRESENTATION MARKETS STARTED RECOVERING AND HAVE RECOVERED TO THE MAXIMUM AND IT PROVED TO BE SHORT LIVED AND STARTED DECLINING SOON AFTER THAT AND COULDN’T HOLD THE RECOVERY. MARKET BREADTH WAS WEAK AND CLOSED IN A LOWER LOWS. THOUGH MARKETS WERE DOWN THERE WERE NO VOLUMES.

TODAY MARKETS MAY OPEN FLAT. MARKETS MAY BE VERY RANGE BOUND. IF NIFTY TRADES ABOVE 6311 THEN LIKELY TO MOVE UP TO 6328 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6350 AND ANY BREAK ABOVE 6350 WOULD TAKE NIFTY TO 6398 LEVELS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 6278 THEN MARKETS LIKELY TO COME DOWN TO 6260 AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY TO 6240 LEVELS. ONE IS ADVISED TO EXIT LONG IT NIFTY CLOSES BELOW 6270 LEVELS AND STAY SHORT. THERE WOULD BE STOCK SPECIFIC MOVES, WE MAY SEE MID CAP STOCKS MOVING ALONG WITH SMALL CAPS.

BUY AMBUJA CEM SL 162 TGT 167/170/172.70
BUY BAJAJ HINDUSTAN SL 139 TGT 144/147/149
BUY JP ASSOCIATES SL 137 TGT 140.70/142.50/144
BUY MIRZA INTERNATIONAL SL 24.40 TGT 26/27/27.60 (SHORT TERM 35)*
BUY JUBL FOOD SL 614 TGT 650/660/677*
SELL SBI SL 3441 TGT 3410/3390/3371

POSITIONAL TRADES
BUY IFCI TGT 100