INTRADAY TIPS FOR 10 DECEMBER 2010

GOOD MORNING!!!

MARKET EXTENDED LAST TWO DAYS' LOSSES IN A BROAD BASED SELL-OFF INDICES TUMBLED MORE THAN 2%, UNDER PERFORMING MOSTLY HIGHER GLOBAL STOCKS, AS DATA SHOWING HEAVY SELLING BY FOREIGN FUNDS ON WEDNESDAY HAS DAMPENED INVESTORS SENTIMENTS. THE MARKET BREADTH WAS EXTREMELY WEAK. INTRADAY VOLATILITY WAS HIGH. THE MARKET SLIPPED INTO THE RED AFTER A FIRM START. THE MARKET RECOVERED SHARPLY TO TURN POSITIVE FOR A BRIEF PERIOD AFTER HITTING A FRESH INTRADAY LOW IN MORNING TRADE. THE MARKET MOVED IN A NARROW RANGE IN THE NEGATIVE TERRAIN IN MID-MORNING TRADE. THE MARKET EXTENDED LOSSES TO HIT FRESH INTRADAY LOW IN EARLY AFTERNOON TRADE. IMMENSE VOLATILITY WAS WITNESSED IN MID-AFTERNOON TRADE AS THE KEY INDICES LOST GROUND, SOON AFTER STAGING AN INTRADAY RECOVERY. INVESTORS DUMPED SMALL-CAP AND MID-CAP SHARES AS MEDIA REPORTS OF POSSIBLE PRICE RIGGING IN SELECT STOCKS, COMING CLOSE ON THE HEELS OF A SEBI ACTION LAST WEEK AGAINST FOUR FIRMS ON ALLEGATIONS OF PRICE MANIPULATION, RATTLED INVESTORS. BANKING, METAL, REALTY, AUTO AND CONSUMER DURABLES STOCKS LED LOSSES.

TODAY MARKETS LOOK WEAK AND NEGATIVE ON WEAK CLOSING AND NEGATIVE OPENING OF ASIAN STOCKS AND IF NIFTY TRADES BELOW 5755 THEN ONE CAN SEE NIFTY TO MOVE DOWN TO 5725 LEVELS AND ANY BREACH BELOW THIS LEVEL WOULD DRAG NIFTY TO 5700 AND ANY CLOSE BELOW 5700 WOULD TAKE NIFTY TO FURTHER NEW LOWS. ON THE POSITIVE SIDE BETTER AVOID POSITIONS FOR THE DAY AS TODAY BEING FRIDAY AND ONE CAN SEE GOOD AMOUNT OF PROFIT BOOKING TO CROP-IN. TODAY IF NIFTY OPENS NEGATIVE BY MORE THAN 40 TO 50 POINTS THEN ONE CAN BUY NIFTY FUTURES AND STOCKS WITH A STOPLOSS OF DAY LOW IN THE FIRST 10 MINUTES OF TRADE BUT IF NIFTY DOES NOT FALL MORE THAN 40 POINTS IN FIRST 10 MINUTES OF TRADE THEN ONE IS ADVISED TO BE ON THE NEGATIVE SIDE. IF NIFTY BREACHES 5725 THEN WE STILL HAVE SCOPE OF FURTHER DECLINE IN NIFTY SO STAY CAUTIOUS, EVEN IF YOU HAPPEN TO BUY NIFTY IN THE FIRST 10 MINUTES OF TRADE MAKE SURE THAT YOUR STOPLOSS IS 5725. METALS AND PHARMA HAS WIDE SCOPE OF DECLINE IN THE PRESENT CONDITIONS SINCE THEY HAVE NOT CORRECTED BUT IF NIFTY FALLS BELOW 5725 THEN WE CAN SEE THESE SECTORS PARTICIPATING IN THE DOWNWARD RALLY.

INTRADAY TIPS FOR 09 DECEMBER 2010

GOOD MORNING!!!

INDICES EXTENDED LOSSES FOR THE STRAIGHT SECOND DAY AFTER THE SELL-OFF BY FII’S THE MARKETS OPENED ON A WEAK NOTE AND EXTENDED LOSSES AFTER A GOOD BUYING ON FRIDAY IN THE LAST HOUR OF TRADE. THE MARKET CAME OFF LOWS IN MID-MORNING TRADE AFTER HITTING A FRESH INTRADAY LOW AFTER A SURVEY SHOWED STRENGTH IN THE DOMESTIC ECONOMY CONTINUED TO UNDERPIN UPBEAT SENTIMENT AMONG INDIAN FIRMS IN THE FOURTH QUARTER ENDING DECEMBER 2010. THE MARKET ONCE AGAIN PARED LOSSES IN LATE TRADE AFTER HITTING A FRESH INTRADAY LOW. THOUGH MARKETS RECOVERED A BIT IN THE MID TRADING SESSION AND WAS VOLATILE THERE WAS ABSOLUTELY NO CHANCE OF RECOVERY SEEN AT ANY STAGE DURING THE DAY. THE BREADTH OF THE MARKETS WAS WEAK. ALL THE SECTORAL INDICES WERE ON RED AND REALITY, CONSUMER DURABLES, BANKING, AUTO AND METALS LEAD THE RALLY OF THE DOWNFALL.

TODAY MARKETS LOOK FLAT AND NEGATIVE THOUGH MARKETS MAY OPEN POSITIVE, INITIALLY TRACKING ASIAN AND SGX NIFTY MAY NOT LIKELY TO CONTINUE THE TREND AS NIFTY WAS UNDER TREMENDOUS PRESSURE ON THE LAST TRADING SESSION WE ARE LIKELY TO HEAD DOWN FURTHER. IF NIFTY TRADES ABOVE 5950 THEN ONE CAN GO LONG AS NIFTY MAY INCLINE TO 5980 AND ANY TRADE AND CLOSE ABOVE 5980 IS AGAIN A GOOD BUY, WHICH MEANS NIFTY HAS TAKEN SUPPORT. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5914 THEN LIKELY TO MAKE ITS DOWN MOVE TO 5874 AND BREAK BELOW THIS POINT WOULD DRAG NIFTY TO 5811 LEVELS AND ANY CLOSE BELOW 5980 ONE CAN RETAIN SHORTS. WE ARE IN A NEGATIVE WAVE SO AVOID BUYING IN QUANTITIES AS WE MAY LIKELY TO BREAK 5725 LEVELS SO STAY CAUTIOUS.

BUY GAIL SL 506 TGT 512/517/524
BUY HEXAWARE SL 104 TGT 107/109/112 (SHORT TERM 130/145)*

NOTE: STAY AWAY FROM AKRUTI, WELSPUN GUJARAT, HANNUNG TOYS, KARTURI GLOBAL, RUCHI SOYA, KS OILS, MURLI INDS AND UFLEX.

INTRADAY TIPS FOR 08 DECEMBER 2010

GOOD MORNING!!!

THE MARKET HELD NEGATIVE ZONE IN MID-MORNING TRADE WITH BANK STOCKS LOSING GROUND FOR THE SECOND DAY IN A ROW AND FURTHER ADDING TO IT, ON THE REPORTS STATING THAT THE INTRODUCTION OF THE NATIONWIDE GOODS AND SERVICES TAX (GST), A MAJOR INDIRECT TAX REFORM PROPOSAL, COULD BE DELAYED FURTHER HAS SPOILED THE SENTIMENT OF THE INVESTORS. VOLATILITY CONTINUED AS INDICES WEAKENED ONCE AGAIN, SOON AFTER RECOUPING ENTIRE INITIAL LOSSES IN EARLY TRADE. THE MARKET CAME OFF LOWS IN EARLY AFTERNOON TRADE, SOON AFTER HITTING A FRESH INTRADAY LOW. THE MARKET LOST GROUND AFTER RECOVERING SHARPLY FROM THE DAY'S LOW TO TURN POSITIVE FOR A BRIEF PERIOD IN MID-AFTERNOON TRADE. THE MARKET CAME OFF LOWS IN LATE TRADE. INTRADAY VOLATILITY WAS HIGH RIGHT FROM THE ONSET OF THE TRADING SESSION. INDICES SWUNG BETWEEN GAINS AND LOSSES IN EARLY TRADE. THE MARKET BREADTH WAS WEAK BUT AT THE LATE TRADE MARKETS RECOVERED VERY SWIFTLY AND ALMOST RECOVERED ALL THE GAINS. WORLD STOCKS ROSE AS RISK APPETITE IMPROVED AFTER US PRESIDENT BARACK OBAMA ANNOUNCED AN EXTENSION OF BUSH-ERA TAX CUTS.

TODAY MARKETS LOOKS RANGE BOUND AND VOLATILE. IF NIFTY TRADES ABOVE 6028 THEN LIKELY TO MAKE AN UPMOVE TO 6060 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6090 LEVELS AND ANY CLOSE ABOVE THIS POINT ONE CAN SEE NIFTY TO MOVE UP TO FURTHER HIGHS POSITIONALLY NIFTY LOOKS MUCH MORE STRONGER IF NIFTY BREAKS 6140 LEVELS AND TRADES, ONE CAN HOLD THEIR POSITIONS ABOVE 6000 LEVELS AND BELOW 6000 ONE IS ADVISED TO EXIT LONGS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5982 THEN LIKELY TO DIP DOWN TO 5950 LEVELS AND ANY BREACH BELOW THIS POINT WOULD TAKE NIFTY TO 5915 AND BELOW THIS LEVEL WOULD TAKE DRAG DOWN TO 5860 LEVELS. LAST DAY IN THE LAST HOUR OF TRADE WE HAVE WITNESSED VERY GOOD AND POSITIVE BUYING IN NIFTY WHICH SHOWS THAT WE MAY TEND TO MOVE UP PROVIDED NIFTY TRADES ABOVE 6028 LEVELS AND CAN GO LONG IF NIFTY TRADES ABOVE 6028 LEVELS WITH A STOPLOSS OF 5980 LEVELS POSITIONALLY.

BUY HCL TECH SL 434 TGT 441/445/448 (SHORT TERM 500)
BUY GAIL SL 499.90 TGT 506/509/512
BUY REDIGNTON SL 416 TGT 427/435/448
BUY FAME INDIA SL 79.90 TGT 82/83.40/84.15

INTRADAY TIPS FOR 07 DECEMBER 2010

GOOD MORNING!!!

INDICES OPENED ON A FIRM NOTE AS INVESTORS HEAVED A SIGH OF RELIEF AFTER MARKETS OPENED POSITIVE AFTER A BAD CLOSING ON THE FRIDAY. SENTIMENT TURNED POSITIVE ON THE ONSET OF THE TRADING SESSION AS TRUCKERS, OVER THE WEEK-END, CALLED OFF A PROPOSED STRIKE. STOCKS EXTENDED GAINS IN MORNING TRADE AND INDICES WERE HOVERING NEAR THE DAY'S HIGH IN MID-MORNING TRADE. THE MARKET TRIMMED GAINS AFTER HITTING FRESH INTRADAY HIGH IN EARLY AFTERNOON TRADE. THE MARKET FURTHER CUT GAINS IN MID-AFTERNOON TRADE. THE MARKET SLIPPED INTO THE RED AT THE FAG END OF THE TRADING SESSION. INDICES REVERSED INITIAL STRONG GAIN AS PROFIT TAKING EMERGED AT HIGHER LEVEL. THE MARKET REVERSED IN EARLY AFTERNOON TRADE ON WEAK EUROPEAN STOCKS AND LOWER US INDEX FUTURES. THE MARKET BREADTH TURNED NEGATIVE WHEN COMPARED WITH A STRONG BREADTH EARLIER IN THE DAY. BANKING STOCKS FELL ACROSS THE BOARD WHILE METAL AND IT STOCKS ROSE.

TODAY MARKETS WOULD BE NEGATIVELY BIASED, IF NIFTY TRADES BELOW 5985 THEN LIKELY TO MAKE ITS DOWNSIDE MOVE TO 5968 AND THEN TO 5945 LEVELS AND ANY BREAK BELOW THIS POINT WOULD TAKE NIFTY TO 5906 LEVELS ONE CAN RETAIN SHORTS OR BUILD SHORT POSITIONS BELOW 5985 LEVELS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 6011 THEN LIKELY TO MAKE ITS UP MOVE TO 6036 LEVELS AND ANY BREAK ABOVE 6036 ONE CAN SEE NIFTY TO INCLINE FURTHER TO 6060 ONE IS ADVISED TO STAY LONG IF NIFTY TRADES ABOVE 6036 LEVELS. AS CAUTIONED !!! ONE HAS TO WAIT TO BUILD LONG POSITIONS FOR A BRIEF PERIOD OF TIME AS THE MARKETS STILL NOT LOOKING VERY GREAT TO INVEST IN THE CURRENT SITUATION THOUGH WE ARE IN A LONG TERM BULLISH PATTERN.

BUY TATA MOTORS SL 1354 TGT 1377/1384/1391

POSITIONAL TRADES
BUY GUJRAT FLUROCHEM TGT 250/350*

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