INTRADAY TIPS FOR 06 DECEMBER 2010

GOOD MORNING!!!

INDICES HOVERED BETWEEN POSITIVE AND NEGATIVE AT THE ONSET OF THE TRADING SESSION, INDICES EDGED HIGHER TO HIT INTRADAY HIGH IN THE MORNING SESSION AND AFTER IT MARKETS STARTED SHOWING NO STRENGTH IN THE ENTIRE DAY THOUGH MARKETS MOVED UP AND DOWN COULD NOT BREAK THE HIGHS OF THE DAY RECOREDED AT THE EARLY HOUR TRADE. MARKET IN THE AFTERNOON SLIPPED INTO RED AND LATER REGAINED ITS STRENGTH TO RECOVER TO CERTAIN EXTENT TO CLOSE THE INDICES FLAT. STOCKS WERE VOLATILE ALL THE DAY WITH SOME SMALL-CAP AND MID-CAP STOCKS SUFFERING STEEP LOSSES, BROAD-BASED SELLING WAS WITNESSED IN SMALL-CAP AND MID-CAP SHARES AS THE MARKET SENTIMENT TURNED WEAK. BANKING, REALTY AND METAL STOCKS FELL. BUT, IT STOCKS ROSE. THE MARKET BREADTH WAS WEAK THOUGH MARKETS RECOVERED AT THE FAG END OF THE TRADING SESSION.

INDICIES MAY OPEN POSITIVE TRACKING THE POSITIVE OPENING OF ASIAN STOCKS AND FLAT CLOSING OF US AND EUROPE INDICES. IF NIFTY TRADES ABOVE 6046 THEN LIKELY TO MOVE TO 6066 ANDANY BREAK ABOVE 6066 WILL TAKE NIFTY TO 6090 LEVELS AND CLOSE ABOVE 6090 WOULD TAKE NIFTY TO FURTHER NEW HIGHS IN THE NIFTY AND WE WOULD TURN SHORT TERM BEARISH INTO BULLISH TREND AND WE ARE LIKLEY TO MOVE AHEAD OF 6200 LEVELS ONE IS ADVISED TO KEEP A CAUTIOUS LOOK ON BUILDING LONG POSITIONS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 6000 THEN LIKELY TO MAKE A DOWN MOVE TO 5972 AND BREAK BELOW THIS POINT WOULD DRAG NIFTY TO 5945 LEVELS AND ANY BREAK AND CLOSE BELOW 5945 WOULD TAKE NIFTY TO MUCH LOWER LEVELS. ONE HAS TO KEEP IN MIND IF NIFTY CLOSES ABOVE 6046 THEN ONE CAN BUILD SOME LONG POSITIONS AND CLOSE BELOW 5945 ONE CAN BUILD SHORT POSITIONS GOING FORWARD AT THE END OF THE DAY.

BUY RELIANCE CAPITAL SL 704 TGT 719/724/736*
BUY TALWALKAR SL 290 TGT 302/310/315
BUY DR REDDY SL 1833 TGT 1847/1858/1874
BUY SRTRANSFIN FUTURES SL 862 TGT 872/877/886

POSITIONAL TRADES
BUY PLETHICO PHARMACEUTICALS TGT 450*
BUY UNITED BREWERIES HOLDING TGT 350/500

INTRADAY TIPS FOR 03 DECEMBER 2010

GOOD MORNING!!!

THE MARKET JUMPED IN EARLY TRADE ON POSITIVE GLOBAL CUES. THE MARKET PARED GAINS IN MORNING TRADE. A BOUT OF VOLATILITY WAS WITNESSED AS THE INDICES REGAINED STRENGTH IN MID-MORNING TRADE ON FIRM ASIAN STOCKS. INDICES EDGED HIGHER IN VOLATILE TRADE WITH STRONG GLOBAL CUES, STRONG ECONOMIC DATA, LOWER INFLATION AND HIGHER GLOBAL STOCKS, HELPED KEEP SENTIMENTS FIRM. THE MARKET GAINED FOR THE FOURTH STRAIGHT DAY. THE MARKET BREADTH WAS STRONG. REALTY STOCKS EDGED HIGHER FOR THE THIRD DAY IN A ROW ON BARGAIN HUNTING AFTER A RECENT STEEP SLIDE TRIGGERED BY THE OUTBREAK OF A BANK LOANS BRIBERY SCANDAL LAST WEEK. SOFTWARE STOCKS ROSE ON A SLEW OF RECENT BETTER-THAN-EXPECTED US ECONOMIC DATA. CONSUMER DURABLES, BANKING AND IT STOCKS ALSO ROSE.

TODAY MARKETS LOOK FLAT TO CONSOLIDATION AS NIFTY HAS COMPLETED ITS RETRACEMENT ON THE UPSIDE FROM THE LOWER LEVELS AND LIKELY TO FACE THE RESISTANCE AT THIS POINT. NIFTY IS LIKELY TO TRADE IN A NARROW RANGE BAND AND MAY PHASE A TOUGH RESISTANCE AND CLOSE ABOVE 6040 CONVINCINGLY MAY TAKE NIFTY TO HIGHER LEVELS. IF NIFTY TRADES ABOVE 6045 THEN LIKELY TO MOVE UP TO 6062 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6075 AND ANY CLOSE ABOVE 6040 MAY TAKE NIFTY TO 6098 LEVELS IN THE NEXT TRADING SESSIONS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 6025 THEN LIKELY TO DIP DOWN TO 6000 AND THEN 5985 LEVELS AND ANY BREACH BELOW THIS LEVEL WOULD TAKE NIFTY TO 5968 LEVELS AND ANY CLOSE BELOW 5968 LEVELS SHOWS A WEAK TREND IN THE DAYS AHEAD. CAUTION: ONE IS ADVISED NOT TO BUILD TOO MANY LONG POSITIONS EVEN ON THE POSITIVE FRONT AS NIFTY IS NOT LOOKING VERY STRONG EVEN THOUGH MARKETS HAVE MOVED MORE THAN 311 POINTS FROM THE LOWER LEVELS.

BUY ABG SHIPYARD SL 427 TGT 438/444/448
BUY AUROBINDO PHARMA SL 1292 TGT 1316/1332/1350
BUY ISMT LTD SL 68 TGT 70.60/72/74* (SHORT TERM 80)*

POSITIONAL TRADES
BUY KOUTONS TGT 100

INTRADAY TIPS FOR 02 DECEMBER 2010

GOOD MORNING!!!

INDICES POSTED STRONG GAINS ON THE FIRST TRADING SESSION OF THE MONTH ON FIRM GLOBAL CUES. MARKETS SENTIMENT BOOSTED AS EUROPEAN MARKETS WAS TRADING HIGHER WHILE MOST ASIAN MARKETS BOUNCED OFF THEIR EARLIER LOWS. US INDEX FUTURES WERE TRADING HIGHER. THE MARKET BREADTH WAS STRONG. INITIALLY MARKET EDGED HIGHER IN EARLY TRADE. STOCKS SOON EXTENDED GAINS AND HIT FREESH INTRADAY HIGH IN MID-MORNING TRADE ON STRONG MANUFACTURING DATA FOR THE MONTH. THE MARKET PARED GAINS IN EARLY AFTERNOON TRADE. THE MARKET REGAINED STRENGTH IN AFTERNOON TRADE. THE MARKET STRUCK A FRESH INTRADAY HIGH IN MID-AFTERNOON TRADE ON POSITIVE GLOBAL CUES. THE MARKET PARED GAINS LATER. THE MARKET SURGED TO A FRESH INTRADAY HIGH IN LATE TRADE. METAL AND MINING SHARES SAW AN ACROSS THE BOARD SURGE AFTER STRONG INVESTOR RESPONSE TO THE MOIL ISSUE. BANKING STOCKS GAINED ON FRESH BUYING ON EXPECTATIONS OF A STRONG CREDIT OFFTAKE IN A GROWING ECONOMY. AUTO STOCKS, BARRING MARUTI SUZUKI INDIA, EDGED HIGHER ON HIGHER NOVEMBER 2010 SALES. TELECOM PIVOTALS SAW DIVERGENT TREND. SOFTWARE STOCKS SAW MIXED TREND AND UNDERPERFORMED THE INDEX.

TODAY MARKETS WOULD OPEN POSITIVE TRACKING A VERY POSITIVE CLOSING OF EUROPEAN MARKETS AND US INDICES IN THE RECENT PAST. TODAY IF NIFTY TRADES WOULD OPEN ABOVE 6016 THEN LIKELY TO MAKE ITS UP TO 6041 AND THEN MOVE ABOVE THIS POINT WOULD TAKE NIFTY TO 6066 AND ANY CLOSE ABOVE 6066 IS A GOOD CLOSING. ONE HAS TO STILL KEEP IN MIND THAT THIS UPSIDE MAY STILL BE NOT TAKEN INTO ACCOUNT FOR BUYING UNLESS IT BREAKS OUT CONVINCINGLY ONE IS CAUTIONED TO KEEP IN MIND, THOUGH I SAY THIS UPSIDE IS LITTLE RISKY I DON’T SAY THAT YOU HOLD SHORT POSITIONS OR BUILD SHORT POSITIONS AT THIS STAGE BUT I WOULD SUGGEST YOU TO BE WITH THE TREND AND DON’T HOLD TOO MANY LONG POSITIONS ON THE UPSIDE. BUT IF NIFTY CLOSES BELOW 6040 THEN ONE CAN TAKE A CHANCE OF BUYING SOME PUT OPTIONS WITH 6040 AS STOPLOSS ONLY AT THE END OF THE DAY. ON INTRADAY TERMS IF NIFTY TRADES BELOW 5963 THEN ONE CAN GO SHORT FOR A TARGET OF 5931 AND THEN 5900.

BUY PUNJLLOYD SL 107 TGT 112/114/116
BUY DENA BANK SL 134.40 TGT 139/142/144
BUY DISH TV SL 73 TGT 75.25/76.75/78
BUY NAGARJUNA CONSTRUCTIONS SL 137.80 TGT 141/143/145
BUY TATA MOTORS SL 1283 TGT 1300/1315/1329

POSITIONAL TRADES
BUY KARUTURI GLOBAL TGT 40
BUY UFLEX TGT 350

INTRADAY TIPS FOR 01 DECEMBER 2010

GOOD MORNING!!!

BARGAIN HUNTING HELPED THE INDICES REGISTER MODEST GAINS. THE MARKET PARED GAINS SOON AFTER A FIRM OPENING. THE MARKET SOON REGAINED STRENGTH. INDICES CAME OFF HIGHER LEVEL AFTER HITTING A FRESH INTRADAY HIGH IN EARLY TRADE. THE MARKET ONCE AGAIN REGAINED STRENGTH IN MID-MORNING TRADE. THE MARKET HIT A FRESH INTRADAY HIGH IN EARLY AFTERNOON TRADE. THE MARKET EXTENDED GAINS TO HIT FRESH INTRADAY HIGH IN AFTERNOON TRADE. THE MARKET STRUCK A FRESH INTRADAY HIGH IN MID-AFTERNOON TRADE AS EUROPEAN STOCKS ROSE IN EARLY TRADE. MARKET BREADTH IMPROVED TOWARDS THE CLOSE OF TRADE AFTER GYRATING BETWEEN POSITIVE AND NEGATIVE ZONE EARLIER IN THE DAY. AUTO STOCKS WERE IN DEMAND IN ANTICIPATION OF ROBUST NOVEMBER 2010 MONTHLY SALES. IT STOCKS ROSE ON UPBEAT US ECONOMIC DATA. FRONT-LINE BANKING AND FINANCIAL STOCKS GAINED ON BARGAIN HUNTING AFTER A RECENT STEEP SLIDE TRIGGERED BY THE OUTBREAK OF THE LOAN SCAM LAST WEEK.


TODAY MARKETS WOULD BE VOLATILE AND WE FORESEE A CONSOLIDATION ON THE HIGHER LEVELS AND WE ARE LIKELY TO DECLINE ON EVERY INCLINE. TODAY THE MAJOR TRIGGER WOULD BE THE AUTO SALES NUMBERS WHERE WE CAN SEE GOOD AMOUNT OF VOLATALITY IN THE MAJOR AUTO STOCKS ONE CAN SEE THESE STOCKS FOR INTRADAY. TODAY IF NIFTY TRADES 5898 THEN IT IS LIKELY TO MOVE UP TO 5931 AND BREAK ABOVE THIS POINT WOULD TAK IT TO 5963 WHERE IT IS CONSIDERED TO BE THE SECOND RETRACEMENT ON NEGATIVE SIDE AND IF NIFTY CLOSES ABOVE 5963 THEN ONE CAN EXIT FROM ALL THEIR SHORT POSITIONS AND TRY TO HAVE A POSITIVE OUTLOOK ON THE MARKETS BUT DO NOT BUILD HUGE POSITIONS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5870 THEN LIKELY TO COME DOWN TO 5841 AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY TO 5809 LEVELS AND ANY CLOSE BELOW 5809 CAN DRAG NIFTY FURTHER DOWN. THE NEXT MAJOR TRIGGER FOR THE MARKET IS THE ADVANCE TAX PAYMENT OF CORPORATE’S FOR THE THIRD INSTALLMENT, WHICH FALLS DUE ON 15 DECEMBER 2010. THE ADVANCE TAX FIGURES WILL PROVIDE A CUE ON Q3 DECEMBER 2010 CORPORATE EARNINGS. ANOTHER IMPORTANT TRIGGER WOULD BE YEAR-END PROFIT TAKING MAY CAP THE UPSIDE ON THE DOMESTIC BOURSES IN THE NEAR TERM. FUNDS BASED IN US AND EUROPE FOLLOW CALENDAR YEAR AS THEIR ACCOUNTING YEAR. AND THE VERY IMPORTANT CONCERN IS BANK LOANS BRIBERY SCANDAL AND WEAK GLOBAL STOCKS WEIGHING ON INVESTOR SENTIMENT. ONE HAS TO CLOSELY WATCH ALL THESE FACTORS.

BUY RECLTD SL 346.80 TGT 356/361/367
BUY TATA MOTORS SL 1228.90 TGT 1259/1277/1291
BUY SBI SL 2978 TGT 3028/3058/3074

INTRADAY TIPS FOR 30 NOVEMBER 2010

GOOD MORNING!!!

INDICES EDGED HIGHER AT THE ONSET OF THE TRADING SESSION TRACKING RECOVERY IN ASIAN STOCKS AND BARGAIN HUNT. LATER, CONTINUED TO REMAIN ON THE POSITIVE ZONE. ALL THE SECTORAL INDICES WERE IN GREEN. THE MARKET BREADTH REMAINED POSITIVE. MARKETS HAVE COMPLETED THE 1ST RETRACEMENT IN NIFTY AND BOUNCED BACK. WE HAVE NOT WITNESSED GREAT BUYING ACROSS THE COUNTERS IN TERMS OF VOLUMES WHICH IS STILL A NEGATIVE FACTOR. ONE HAS TO BE CAUTIOUS GOING FORWARD.

TODAY MARKETS LIKELY TO REMAIN VOLTILE AND RANGE BOUND IF NIFTY TRADES ABOVE 5865 THEN LIKELY TO MAKE ITS UPWARD JOURNEY TO 5900 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5950 ONE HAS TO BEAR IN MIND THAT EVERY HIGHER LEVEL IN NIFTY FROM HERE ON WE MAY WITNESS SOME SELLING TO CROP-IN. IF NIFTY TRADES BELOW 5820 THEN LIKLEY TO MAKE ITS MOVE DOWN TO 5778 AND ANY BREAK BELOW THIS POINT WE MAY SEE NIFTY TO SLIDE DOWN TO 5725 LEVELS AND ANY CLOSE BELOW THIS POINT WE WILL HEAD TOWARDS MUCH DEEPER LEVELS. ONE HAS TO BE VERY CAUTIOUS GOING FORWARD THIS IS NOT THE IDEAL TIME TO BUY IN AS THERE IS STILL NEGATIVE BREADTH IN THE MARKETS. FERTILIZERS AND SUGARS LOOKS GOOD ON INTRADAY PERSPECTIVE.

BUY BGR ENERGY SL 681 TGT 720/732/746

INTRADAY TIPS FOR 29 NOVEMBER 2010

GOOD MORNING!!!

INTRADAY VOLATILITY WAS HIGH. THE MARKET REVERSED DIRECTION SOON AFTER A FIRM START. STOCKS TUMBLED IN MORNING TRADE. THE MARKET RECOVERED IN CHOPPY TRADE LATER AS THE SENSEX AND THE NIFTY CAME OFF TWO-MONTH LOWS. THE RECOVERY GATHERED STEAM IN EARLY AFTERNOON TRADE. THE KEY BENCHMARK INDICES ONCE AGAIN SLIPPED INTO THE RED AFTER TURNING POSITIVE FOR A BRIEF PERIOD IN AFTERNOON TRADE. THE SENSEX SWUNG BETWEEN GAINS AND LOSSES IN MID-AFTERNOON TRADE. THE MARKET WEAKENED AGAIN IN LATE TRADE. INDICES EXTENDED RECENT STEEP LOSSES AS A BANK LOANS BRIBERY SCANDAL AND WEAK GLOBAL STOCKS WEIGHED ON INVESTOR SENTIMENT. INTRADAY VOLATILITY WAS HIGH. WORLD STOCKS FELL AS WORRIES OVER SOVEREIGN-DEBT CONTAGION IN THE EURO ZONE CONTINUED TO ESCALATE. THE MARKET BREADTH WAS EXTREMELY WEAK WITH STOCKS OF A NUMBER OF SMALL AND MID-CAP SHARES FALLING SHARPLY. REALTY AND CONSTRUCTION SHARES SLUMPED, EXTENDING RECENT STEEP LOSSES. FOREIGN FUNDS SOLD EQUITIES WORTH A NET RS 1208.12 CRORE AND DOMESTIC INSTITUTIONAL INVESTORS BOUGHT SHARES WORTH RS 197.77 CRORE ON THURSDAY, 25 NOVEMBER 2010, AS PER PROVISIONAL DATA FROM THE STOCK EXCHANGES. YEAR-END PROFIT TAKING MAY CONTINUE TO WEIGH ON THE THE DOMESTIC BOURSES IN THE NEAR TERM. FUNDS BASED IN US AND EUROPE FOLLOW CALENDAR YEAR AS THEIR ACCOUNTING YEAR. THE MARKET HAS LOST GROUND SOON AFTER HITTING A RECORD CLOSING HIGH EARLY THIS MONTH. SHARES OF SELECT STOCKS COLLAPSED AFTER REPORTS THE SECURITIES & EXCHANGE BOARD OF INDIA IS EXAMINING THE POSSIBILITY OF INSIDER TRADING IN SHARES OF THESE COMPANIES. CENTRAL BANK OF INDIA (DOWN 10.51%), MONEY MATTERS FINANCIAL SERVICES (DOWN 10%), LIC HOUSING FINANCE (DOWN 11.49%) AND PANTALOON RETAIL (DOWN 2.25%) DECLINED.

TODAY NIFTY WOULD TRADE IN A NARROW RANGE BOUND. IF NIFTY TRADES ABOVE 5790 THEN LIKELY TO MAKE ITS UP MOVE TO 5822 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5852 LEVELS BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO FURTHER HIGHS BUT FOR A BRIEF PERIOD OF TIME AND IT WILL NOT SUSTAIN FOR TOO MANY DAYS IT IS LIKELY TO COME DOWN IN A SHORT TERM BUT ONE CAN TAKE 5725 AS A SUPPORT POINT WHERE NIFTY IS LIKELY TO GIVE A SUPPORT AND IF NIFTY COMES BELOW 5727 WITHOUT MOVING UP TO 5900 KIND OF LEVELS THEN WE CAN EXPECT NIFTY TO COME DOWN TO 5500 AS TOLD IN THE PREVIOUS WRITINGS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5765 THEN LIKELY TO COME DOWN TO 5735 AND BREAK BELOW THIS LEVEL CAN DRAG NIFTY TO 5700 ONCE 5725 IS BREACHED IT CLEARLY INDICATES THAT WE CAN SLIDE FURTHER BUY ANOTHER 200 POINTS IN A VERY SHORT TERM AND BREAK BELOW 5700 WE CAN SEE NIFTY TO COME DOWN TO 5650 LEVELS. ONE CAN GO LONG IN NIFTY AROUND 5735 TO 5750 LEVELS WITH A STOPLOSS OF 5725 LEVELS IF NIFTY SUSTAINS 5725 LEVELS THEN WE CAN SEE NIFTY TO GO UP TO 5950 LEVELS BEFORE TAKING ANOTHER DIP. ONCE IF NIFTY BREACHES 5725 THEN WE WILL HEAD DOWN TOWARS 5500 LEVELS. IF NIFTY DOES NOT BREAK 5725 THEN ONE CAN TAKE THIS AS BUYING OPPORTUNITY WITH 5725 AS STOPLOSS FOR A VERY SHORT TERM.

BUY TCS SL 1043.9 TGT 1057/1063/1075
BUY R SYSTEMS SL 119 TGT 121/122/123
POSITIONAL TRADES
BUY EID PARRY TGT 600/700

INTRADAY TIPS FOR 26 NOVEMBER 2010

GOOD MORNING!!!

YET AGAIN A NEW BRIBERY SCANDAL IN THE LAND OF SCANDALS HAS INVITED THE BEARS TO THE LAND OF FINANCIAL MARKETS TO HAVE A PARTY TIME THIS HAVE HIT THEIR LOWEST LEVELS IN MORE THAN TWO MONTHS SOON AFTER BURSTING OF A SCANDAL BY THE CENTRAL BUREAU OF INVESTIGATION ON 24 NOVEMBER 2010, INVOLVING OFFICIALS OF SOME TOP PSU BANKS AND FINANCE FIRMS HURT SENTIMENT FOR THE SECOND DAY IN A ROW. THERE WAS A VERY WILD INTRADAY SWING IN SHARE PRICES AS TRADERS ROLLED OVER POSITIONS IN THE DERIVATIVES SEGMENT FROM THE NEAR-MONTH NOVEMBER 2010 SERIES TO DECEMBER 2010 SERIES. THE MARKET BREADTH WAS WEAK AFTER ALTERNATELY MOVING BETWEEN POSITIVE AND NEGATIVE TERRITORY EARLIER IN THE DAY. BANKING, FINANCIAL, REALTY, CONSTRUCTION, METAL AND PSU STOCKS DECLINED. IT STOCKS ROSE ON IMPROVED ECONOMIC DATA IN US.

TODAY MARKETS WOULD OPEN NEGATIVE AHEAD OF NEW SERIES OF THE MONTH, IF NIFTY TRADES BELOW 5820 THEN LIKELY TO COME DOWN TO 5790 AND BREAK BELOW THIS LEVEL WE CAN SEE NIFTY TO SLIDE DOWN TO 5750 AND THEN TO 5700 LEVELS AND IF NIFTY CLOSES BELOW 5800 THEN WE WILL HEAD FURTHER DOWN. ON THE POSITIVE SIDE ONLY IF NIFTY TRADES ABOVE 5860 THEN ONE CAN THINK OF GOING LONG ONLY IN INTRADAY AND NIFTY MAY FACE RESISTANCE AROUND 5890 AND THEN AT 5909 IT IS ADVISABLE TO STAY AWAY FROM LONGS EVEN AT THIS STAGE.

NO RECOS FOR THE DAY