INTRADAY TIPS FOR 14 DECEMBER 2010

GOOD MORNING!!!

AFTER GETTING OFF TO A GAP-UP START THIS MORNING TRACKING POSITIVE CUES FROM THE REGIONAL PEERS, THE DOMESTIC EQUITY MARKETS EXTENDED THEIR GAINS IN THE MORNING SESSION. MEANWHILE, THE KEY INDICES WITNESSED A SUDDEN BOUT OF SELLING IN THE MID-MORNING SESSION AFTER FEW MEDIA REPORTS SUGGESTED THAT SOUTH KOREAN MILITARY HAS BEGUN NEW FIRING DRILLS. EARLIER LAST MONTH, NORTH KOREA HAD BOMBARDED ONE OF THE BORDER ISLANDS OF SOUTH KOREA WITH AROUND 200 ARTILLERY SHELLS. IN RESPONSE TO THIS, THERE WAS FIRING FROM SOUTH KOREA AS WELL. START OF NEW FIRING DRILLS BY SOUTH KOREA, IS THE LATEST DEVELOPMENT IN THIS SERIES. THIS NEWS TRIGGERED SHARP SELL OFF ON THE STREET WHICH DRAGGED THE MAIN INDICES TO THEIR DAY’S LOWS. THE MARKETS REVERSED SOME OF THEIR LOSSES IN LATE-MORNING TRADES BUT THEY CONTINUED TO HOVER AROUND THEIR INTRADAY TROUGHS. THE RECOVERY CONTINUED IN THE EARLY-NOON AND LATE-AFTERNOON SESSION. THE BOURSES ONCE AGAIN EXTENDED THEIR LOSSES IN LATE TRADE BEFORE SHOWING SHARP RECOVERY. POSITIVE BEGINNING FOR THE EUROPEAN MARKETS ALSO LIFTED INVESTOR MOOD IN LATE TRADE. THE MARKETS SHOWED ONESIDE UP-MOVE TOWARDS THE END OF THE SESSION. THE BENCHMARK INDICES SCALED THEIR INTRADAY PEAKS IN LAST HALF AN HOUR OF TRADE AND FINALLY LOGGED OFF THE SESSION NEAR THOSE LEVELS. THE MARKET SHRUGGED OFF REPORTS THAT THE SECURITIES & EXCHANGE BOARD OF INDIA (SEBI) PLANS TO MAKE IT MANDATORY FOR COMPANIES TO PROVIDE MORE DISCLOSURES WHEN THEY SEEK TO PLACE SHARES PRIVATELY WITH INSTITUTIONAL INVESTORS AND ALSO FOR BLOCK AND BULK DEALS. AS PER REPORTS, SEBI HAS STARTED TO WORK ON CHANGING THE EXISTING RULES GOVERNING PRIVATE PLACEMENT OF SHARES AND OFF-MARKET TRANSACTIONS AFTER GROWING EVIDENCE THAT PROMOTERS AND MARKET OPERATORS ARE ROUTINELY EXPLOITING LOOPHOLES IN THE REGULATIONS AND RIGGING STOCKS. INDICES EXTENDED THEIR GAINS FOR THE SECOND CONSECUTIVE SESSION ON MONDAY LED BY SMART RECOVERY IN LATE TRADE. POSITIVE GLOBAL CUES ALSO AIDED THE PULLBACK. BARRING FAST MOVING CONSUMER GOODS COUNTER ALMOST ALL THE OTHER SECTORAL INDICES INCHED HIGHER IN TRADE. REALTY, METAL AND POWER STOCKS WERE THE MAJOR GAINERS DURING THE SESSION.

TECHNICAL TAKE: NIFTY HAS CLOSED ABOVE ITS 10-DMA OF 5,904 IN THE LAST SESSION, WHICH IS A POSITIVE INDICATOR FOR THE INDEX IN THE SHORT-TERM. IF THE NIFTY SUSTAINS ABOVE THE 5,904 IT CAN SURPASS THE RECENT HIGH OF 6,070 WHICH WAS MADE ON DECEMBER 6. THE INDEX MAY WITNESS SOME RESISTANCE AROUND 5,954 (50-DMA) AND 6,000 LEVELS. ON THE OTHER HAND, 5,855 (38.20% RETRACEMENT) AND 5,829 (100-DMA) WILL ACT AS STRONG SUPPORT LEVELS.

TODAY NIFTY MAY OPEN SLIGHTLY POSITIVE, IF NIFTY TRADES ABOVE 5948 THEN LIKLEY TO MOVE UP TO 5984. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5920 THEN LIKELY TO SEE NIFTY TO SLIDE DOWN TO 5880 AND THEN TO 5832 AND 5800 ONE HAS TO KEEP IN MIND THAT WE ARE STILL ON A NEGATIVE TREND SO IDEALLY SHORTS ARE BETTER AT THIS STAGE. THOUGH WE HAVE HEADED 200 POINTS FROM THE LOWS OF LAST TWO TRADING SESSION THIS PULL BACK IS ONLY ON THE RETRACEMENT FRONT AND NOT A STRONG BUYING RALLY WE ARE STILL SAILING IN A NEGATIVE WAVE IDEALLY IF YOU LOOK AT THE CHART PATTERNS WE MAY SEE THAT THERE IS FURTHER DOWNSIDE STILL LEFT BEFORE WE TAKE-OFF FROM THE CURRENT POSITION IN THE NIFTY. SO THOUGH THERE IS LITTLE UPSIDE SEEN IN THE MARKETS, THEY MAY NOT REALLY BEHAVE THE WAY THEY ARE LOOKING AT THE MOMENT. I PERSONALLY FORESEE THE MARKETS TO COME DOWN BELOW 5700 LEVELS AND IF THE FALL IN NIFTY IS VERY SWIFT THEN WE MAY LIKELY TO HEAD DOWN TO TOUCH 5500 LEVELS. ON INTRADAY TERMS ONE CAN TAKE BOTH LONG AND SHORT CALLS BUT HAS TO BE WITH THE TREND AND DON’T CARRY LONGS OVER NIGHT TO THE MAXIMUM POSSIBLE LEVELS. IT IS ADVISED TO STAY CAUTIOUS ON LONGS TILL FURTHER NOTICE.

BUY NITIN FIRE SL 80.40 TGT 83/85/86.65

NOTE: STAY CAUTIOUS MARKET IS NOT VERY GREAT TO ADD POSITIONS

INTRADAY TIPS FOR 13 DECEMBER 2010

GOOD MORNING!!!

SIGH OF RELIEF FOR THE INVESTORS AFTER A WEEKLONG WEAK TREND WHICH FINALLY MANAGED TO CLOSE WITH EXCELLENT GAINS ON THE FINAL TRADING DAY OF THE WEEK AFTER WITNESSING A WHOLE WEEK OF DRUBBING. THOUGH THE START OF THE MARKETS WAS NOT CONFIDENT AS THE GLOBAL CUES WERE SLUGGISH AFTER THE RATING DOWNGRADE OF IRELAND, US MARKETS CLOSED MIXED AND THE ASIAN MARKETS WERE MOSTLY IN RED. BUT SOME RECOVERY WAS EXPECTED AT THE DOMESTIC FRONT AFTER THE CARNAGE IN PREVIOUS SESSION. THE INITIAL START LOOKED CHOPPY AND THE BENCHMARKS SEEMED EDGING LOWER BUT THE RECOVERY IN HEAVY WEIGHTS PUT A HOLD TO THE DECLINE AND THE INDICES STARTED MOVING HIGHER AND WITHIN AN HOUR THE MARKETS WERE OUT OF THE CONTROL OF BEARS. THE MARKETS REMAINED IN POSITIVE TERRAIN TILL MID MORNING SESSION, AFTER THE BETTER THAN EXPECTED IIP NUMBERS (10.8% AGAINST 4.4%) WERE ANNOUNCED THE MARKET SENTIMENT BOOSTED, MARKETS STARTED SURGING HIGHER. ALL THE SECTORS WHICH BLEEDED IN THE LAST WEEK SHOWN A GOOD RECOVERY NOT ONLY THE BEATEN DOWN SECTORS BUT SOME OF THE STOCKS THAT HAVE BEEN IN THE MID OF STORM FOR TRADING MAL-PRACTICES, TOO SHOWED GOOD AMOUNT OF RECOVERY.

TODAY MARKETS MAY OPEN FLAT TO NEGATIVE AND REMAIN RANGE BOUND. IF NIFTY TRADES ABOVE 5896 THEN LIKELY TO MOVE UP TO 5932 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE FURTHER UPSIDE IN NIFTY AND ANY CLOSE IN NIFTY ABOVE THIS POINT WOULD TAKE TO FURTHER NEW HIGHS IN THE DAYS AHEAD AND IF NIFTY CLOSES ABOVE 5932 WE MAY SEE NIFTY TO MOVE TO A POSITIVE TREND. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5850 THEN LIKELY TO DECLINE TO 5834 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY DOWN TO 5818 AND BELOW THIS LEVEL WOULD SEE NIFTY AT 5780 LEVELS AND ANY CLOSE BELOW 5800 LEVELS MAY SEE NIFTY TO BREACH PREVIOUS RECENT LOWS. STRATEGY FOR INTRADAY PLAYER : IF NIFTY TRADES AROUND 5920 TO 5930 ONE IS ADVISED TO SHORT WITH A STOPLOSS OF 5936 LEVELS AND CAN EVEN HOLD POSITIONALLY IF NIFTY DOESN’T CLOSE ABOVE 5936 LEVELS. AS NIFTY IS IN NEGATIVE TREND AVOID HEAVY BUYING AND TREND REVERSES ONLY ABOVE 5935 LEVELS SO STAY CAUTIOUS. MARKET MAY SEE SOME PROFIT BOOKING AT EVERY HIGHER LEVELS.

SELL VIDEOCON SL 211.50 TGT 208/204/198
SELL UNITECH SL 62.90 TGT 61.90/60.95/59.60

NOTE: DO NOT BUY ANYTHING POSITIONALLY TILL THE TIME NIFTY CLOSES 5935.

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