INTRADAY TIPS FOR 23 DECEMBER 2010

GOOD MORNING!!!

A POSITIVE START IN INDIAN MARKETS WERE PROMPTED BY STRONG GLOBAL CUES. THE US INDICES SCALED THEIR OVER TWO-YEAR PEAKS IN TUESDAY’S SESSION WHICH GAVE A SENTIMENTAL BOOST TO MOST OF THE ASIAN PEERS IN MORNING TRADES. MARKETS LOOKED ON A VERY POSITIVE NOTE IN EARLY TRADES BUT THEY FAILED TO BUILD-ON TO THE MORNING MOMENTUM AS THE DAY PROGRESSED, INDICES OSCILLATED IN A NARROW RANGE WITH A POSITIVE BIAS IN THE MID-MORNING SESSION. THE LATE-AFTERNOON SESSION WAS SLID DOWN AS FRONTLINE COUNTERS WITNESSED SOME PROFIT BOOKING AND AS THE US AND EUROPEAN INDEX FUTURES HOVERED AROUND THE NEUTRAL LINE AND PRESSURE SURMOUNTED IN LATE TRADES ON THE BACK OF DOWN-TICK ON THE EUROPEAN BOURSES. THE MARKETS, HOWEVER, RECOVERED MOST OF THEIR LOSSES IN LAST ONE HOUR OF TRADE TO SIGN OFF THE SESSION. THE MARKET BREADTH WAS STRONG; OIL & GAS, CAPITAL GOODS AND BANKING COUNTERS WERE THE MAXIMUM LOSERS IN TRADE. ON THE FLIP SIDE, METAL, PUBLIC SECTOR UNDERTAKING AND FAST MOVING CONSUMER GOODS STOCKS CAPPED THE DOWNSIDE ON THE BOURSES

TODAY MARKETS LOOK FLAT AND RANGE BOUND. ONE IS ADVISED TO FOLLOW THE BREAKOUT POINTS MENTIONED BELOW FOR BUYING AND SELLING. IF NIFTY TRADES ABOVE 6035 ONE CAN SEE NIFTY TO SHOOT UP TO 6094 LEVELS AND ON THE DOWN SIDE IF NIFTY TRADES BELOW 5980 THEN NIFTY LIKELY TO COME DOWN TO 5950 AND THEN TO 5900 LEVELS AND ANY CLOSE BELOW 5950 ONE CAN CARRY OVER THE SHORT POSITIONS. IF NIFTY TRADES POSITIVE ON THE OPENING ONE CAN GO SHORT AND MAKE USE OF INTRADAY VOLATILITY, ONE CAN GO SHORT AT HIGHER LEVELS IN THE INTRADAY KEEPING A STRICT STOPLOSS OF 6035.

BUY RANBAXY SL 569 TGT 576/578/581
BUY HIND ZINC SL 1277 TGT 1296/1308/1327 (SHORT TERM 1470)**
BUY JINDAL POLY SL 529 TGT 545/550/567

POSITIONAL TRADES
BUY HIND ZINC TGT 1470/1600

INTRADAY TIPS FOR 22 DECEMBER 2010

GOOD MORNING!!!

THE MARKETS GOT OFF TO A POSITIVE START TRACKING STRONG GLOBAL CUES AND REMAINED FIRM ACROSS THE BOARD AS BUYING FROM INVESTORS WAS CONSISTENT. THE MARKETS OSCILLATED IN A TIGHT BAND WITH A POSITIVE BIAS IN EARLY-NOON AND LATE-AFTERNOON TRADES. POSITIVE START FOR EUROPEAN BOURSES AND GOOD CUES COMING FROM OTHER PARTS OF THE WORLD KEPT THE BULLS ACTIVE THROUGHOUT THE TRADE WHICH HELPED INDICES TO SCALE TO NEW HIGHS OF THE DAY AND CLOSE TO THE NEW HIGHS. METAL, BANKING AND REALTY COUNTERS WERE THE MAJOR GAINERS DURING THE SESSION WHILE HEALTHCARE, TECHNOLOGY AND SOFTWARE STOCKS WITNESSED SELECTIVE SELLING FROM TRADERS. ON GLOBAL FRONT, ALL ASIAN COUNTERPARTS SETTLED HIGHER WITH PROMINENT MARKETS LIKE CHINA’S SHANGHAI COMPOSITE, HONG KONG’S HANGSENG AND JAPAN’S NIKKEI 225 REGISTERING GAINS OF OVER ONE AND A HALF PERCENT EACH.

TODAY MARKETS WOULD OPEN POSITIVE TRACKING POSITIVE US AND EUROPE FUTURES AND ASIAN COUNTERPARTS, IF NIFTY TRADES ABOVE 6027 THEN LIKELY TO MAKE ITS UPMOVE TO 6047 AND THEN BREAK ABOVE WOULD TAKE NIFTY TO 6064 LEVELS AND ANY THINGABOVE 6050 IS ONSIDERED TO BE BULLISH AND ON THE FLIP SIDE IF NIFTY TRADES BELOW 6000 THEN LIKELY TO MAKE ITS DOWN MOVE TO 5977 AND ANYTHING BELOW THIS WOULD DRAGE NIFTY TO 5960 LEVELS AND CLOSE B ELOW WOULD TAKE NIFTY TO FURTHER NEW LOWS OF INTRADAY . STAY CAUTIOUS IN THE MARKETS AS THE VOLUMES ARE ALMOST BLEAK WHICH IS THE LOWEST OF THE LAST ONE MONTH IN NIFTY.

BUY FSL SL 23.25 TGT 23.85/24.30/24.60
BUY ASIAN PAINTS SL 2903 TGT 2980/3030/3060 (SHORT TERM 3500)*
BUY HINDALCO SL 233 TGT 237/240/244

INTRADAY TIPS FOR 21 DECEMBER 2010

GOOD MORNING!!!

THE OPENING OF THE MARKETS WERE NEGATIVE WEIGHED BY WEAK ASIAN CUES. INDICES GYRATED IN A TIGHT BAND WITH A NEGATIVE BIAS IN THE MID-MORNING SESSION. THE MARKETS, HOWEVER, STARTED PARING THEIR EARLY LOSSES IN LATE-MORNING TRADES. THE MOMENTUM CONTINUED IN THE AFTERNOON SESSION AS WELL WHICH HELPED THE KEY INDICES TO TURN POSITIVE IN THE NOON SESSION. RECOVERY IN ASIAN PEERS AND THE US INDEX FUTURES TRIGGERED SHORT COVERING IN THE INDIAN INDICES. START IN THE GREEN FOR EUROPEAN INDICES ALSO BOOSTED SENTIMENT IN LATE-AFTERNOON TRADES WHICH FURTHER ELEVATED THE INDICES TO HIGHER LEVELS. AT THE FAG END OF THE SESSIONS BEARS BECAME AGGRESSIVE AT HIGHER LEVELS AND DRAGGED THE BOURSES TO THE NEUTRAL LINE BY THE END OF THE SESSION. THOUGH THE MARKET BREADTH WAS POSITIVE, THE VOLUMES WERE VERY LOW AS INVESTORS REMAINED CAUTIOUS AHEAD OF THE END OF CALENDAR YEAR AS MOST OF THE GLOBAL FUND MANAGERS ARE EXPECTED TO GO ON VACATION FOR CHRISTMAS AND NEW YEAR FROM THIS WEEK WHICH WILL RESULT IN FURTHER SPIKE-UP IN VOLATILITY DUE TO REDUCTION IN VOLUME. AUTO SPACE WAS THE STAR PERFORMER OF THE SESSION LED BY EIGHTEEN PERCENT RALLY IN TWO-WHEELER MAKER HERO HONDA. SOFTWARE, TECHNOLOGY AND METAL COUNTERS ALSO SHOWED STRENGTH IN TRADE. ON THE FLIP SIDE, BANKING, REALTY AND HEALTHCARE STOCKS REMAINED SUBDUED DURING THE SESSION.

TODAY MARKETS LOOK FLAT TO POSITIVE THOUGH THERE IS EVERY POSSIBILITY OF BEARS ATTACKING THE MARKETS AT THE HIGHER LEVELS OF THE TRADE. IF NIFTY TRADES ABOVE 5986 THEN ONE CAN SEE NIFTY TO MOVE UP TO 6011 AND BREAK ABOVE THIS POINT WOULD TAKE IT TO 6050 LEVELS, AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5935 ONE CAN SEE NIFTY TO SLIDE DOWN TO 5900 LEVELS AND ANY BREAK BELOW THIS POINT WOULD TAKE IT FURTHER TO 5863 LEVELS. ONE IS ADVISED TO STAY CAUTIOUS IN THE MARKETS ON THE POSITIVE TERRITORY THOUGH MARKETS IS MOVING ON THE POSITIVE SIDE, THE POINT OF CONCERN IS THE VOLUMES IN THE EXCHANGE AND THERE IS NO STRONG SIGNS OF UPMOVE, THERE IS EVERY CHANCE THAT MARKETS MAY SUDDENLY SLIDE DOWN AT ANY POINT, WE CAN STILL MOVE DOWN BY ANOTHER 300 TO 400 POINTS IN NIFTY BEFORE WE MAKE AN UP MOVE.

BUY UNITED BREWERIES SL 473 TGT 492/500/511 (SHORT TERM 590)*
BUY HEXAWARE SL 109 TGT 112/114/116 (SHORT TERM 135)*
BUY TCS SL 1160 TGT 1185/1200/1210 (ONE CAN BUY CALL OPTION OF 1200)*
BUY JSW STEEL SL 1180 TGT 1207/1220/1236

INTRADAY TIPS FOR 20 DECEMBER 2010

GOOD MORNING!!!

LATE RECOVERY IN THE INDIAN MARKETS HELPED INDICES TO CLOSE THE WEEK ON A POSITIVE NOTE. INITIALLY THOUGH MARKETS OPENED POSITIVE COULDN’T HOLD THE POSITIVE BREADTH FOR A LONG TIME AND EDGED LOWER IN MINUTES OF OPENING LATER MOVED BACK AND FORTH TILL THE MID MORNING SESSION AFTER THE RBI’S DECISION TO LEAVE POLICY RATES UNCHANGED MARKETS BECAME EXTREMELY VOLATILE THOUGH SELLING INTENSIFIED IN THE AFTERNOON TRACKING WEAK US AND EUROPEAN INDEX FUTURES ALONG WITH THE NEGATIVE CUES FROM THE MOST OF THE ASIAN COUNTERPARTS INDICES MANAGED TO TOUCH INTRADAY LOWS. BUT LATER IN THE LATE AFTERNOON SESSION SITUATION FOR THE BEARS WORSENED BY THE END OF THE SESSION AND BARRING CAPITAL GOODS AND POWER COUNTERS, ALL OTHER SECTORAL INDICES INCHED HIGHER. SOFTWARE STOCKS WERE THE TOP GAINERS FOLLOWED BY TECHNOLOGY SHARES. BANKING COUNTERS ALSO GAINED STRENGTH AFTER THE RBI ANNOUNCED MEASURES TO EASE LIQUIDITY CRUNCH. BREADTH OF THE MARKETS FROM NEGATIVE TURNED COMPLETELY POSITIVE AT THE END OF THE TRADING SESSION.

TODAY MARKETS WOULD OPEN FLAT AFTER A LONG WEEKEND AND WOULD REMAIN IN RANGE BOUND. TODAY IF NIFTY TRADES ABOVE 5985 THEN MARKETS MAY INCLINE TO 6005 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6032 NIFTY MAY FACE RESISTANCE AROUND THIS PLACE AS 5939 IS A 21 DMA. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5955 THEN LIKELY TO COME DOWN TO 5935 LEVELS AND BELOW THIS POINT MAY SLIDE FURTHER DOWN TO 5912, AS 5914 IS A 10 DMA WHICH MAY LIKELY TO TAKE SUPPORT AT THIS LEVELS BUT ANY BREAK BELOW THIS LEVEL WOULD TAKE NIFTY FURTHER LOWER LEVELS. ONE HAS TO BEAR IN MIND THAT WE ARE STILL IN A NEGATIVE PATTERN AND DO NOT BUILD UP LOT OF LONG POSITIONS.

BUY TATA STEEL SL 659 TGT 666/672/679
BUY AUROBINDO PHARMA SL 1317 TGT 1340/1354/1360
BUY POLARIS SL 175 TGT 179/183/186 (SHORT TERM 220)**
BUY ISPAT INDS SL 22 TGT 23/23.40/24.75 (SHORT TERM 30)**

INTRADAY TIPS FOR 16 DECEMBER 2010

GOOD MORNING!!!

THE MARKETS REMAINED UNDER PRESSURE SINCE VERY BEGINNING ON THE BACK OF WEAK CUES FROM REGIONAL PEERS. INDICES OSCILLATED IN A TIGHT RANGE WITH A NEGATIVE BIAS IN THE MID-MORNING SESSION. THE MARKETS WITNESSED SOME RECOVERY IN LATE-MORNING TRADES BUT LACK OF BUYING SUPPORT AT HIGHER LEVELS ONCE AGAIN PULLED THE INDICES LOWER. THE MAIN INDICES REMAINED CHOPPY IN EARLY-NOON AND LATE-AFTERNOON TRADES TRACKING DOWN-TICK ON THE US AND THE EUROPEAN INDEX FUTURES. INDICES SNAPPED THEIR THREE-DAY WINNING STREAK ON WEDNESDAY AS INVESTORS TURNED CAUTIOUS AHEAD OF THE RESERVE BANK OF INDIA’S (RBI) SCHEDULED MID-QUARTER POLICY REVIEW. THOUGH IT IS EXPECTED THAT THE CENTRAL BANK MAY HALT ITS MONETARY TIGHTENING MEASURES THIS TIME ON THE BACK OF ROBUST ECONOMIC DATA, BUT MARKET-MEN OPTED TO TAKE SOME PROFIT OFF THE TABLE IN TRADE TO REMAIN ON A SAFER SIDE. THE BULLS ALSO LOOKED EXHAUSTED DURING THE SESSION AFTER REMAINING IN ACTION FOR THREE SESSIONS IN A ROW. MOST OF THE ASIAN COUNTERPARTS EDGED LOWER IN TRADE AND THE EUROPEAN BOURSES ALSO DISPLAYED SIMILAR TREND. RATE SENSITIVE REALTY AND BANKING COUNTERS WERE HAMMERED BY THE BEARS DURING THE SESSION. APART FROM THIS, CONSUMER DURABLES, HEALTHCARE AND PUBLIC SECTOR UNDERTAKING STOCK ALSO WITNESSED PROFIT TAKING FROM INVESTORS. ON THE OTHER HAND, SOFTWARE AND TECHNOLOGY SHARES BUCKED THE WEAK TREND. STOCK SPECIFIC ACTION WAS SEEN BASED ON REPORTS OF THE COMPANIES’ ADVANCE TAX NUMBERS.

TODAY IF NIFTY WOULD BE RANGE BOUND, THE KEY TRIGGER WOULD BE THE RBI MID QUARTER POLICY REVIEW WHICH IF TURNS POSITIVE WILL IGNITE BANK NIFTY AND RATE SENSITIVE STOCKS WHICH WILL BOOST THE INDEX ACROSS THE EXCHANGE. IN THE OPENING TRADE ONE CAN TAKE LONG POSITION WITH A STOPLOSS OF 5884 WHICH IS A SUPPORT AS WELL AS A POINT OF RETRACEMENT FOR THE RECENT GROWTH. IF NIFTY TRADES BELOW 5884 THEN LIKELY TO COME DOWN TO 5780 LEVELS THOUGH THERE MAY BE MINOR SUPPORTS IN BETWEEN AT 5855 AND 5817. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5926 THEN LIKELY TO MAKE AN UPMOVE TO 5970 AND ANY BREAK ABOVE THIS POINT WOULD TAKE IT TO 5984. ONE IS ADVISED TO EXIT LONGS IF NIFTY TRADES BELOW 5850 LEVELS AND CAN CARRY SHORTS IN NIFTY BELOW THIS LEVEL.

BUY INFOSYS SL 3198 TGT 3221/3231/3252
BUY DABUR SL 101 TGT 102.70/103.50/104.50
BUY KS OILS SL 47.50 TGT 51/52.90/54.50
BUY TATA MOTORS SL 1319 TGT 1334/1345/1364

INTRADAY TIPS FOR 15 DECEMBER 2010

GOOD MORNING!!!

INDICES EXTENDED THEIR GAINS FOR THE THIRD SESSION IN A ROW ON TUESDAY TRACKING OVER 100 BASIS POINTS DROP IN HEADLINE INFLATION DURING THE MONTH OF NOVEMBER. THE INFLATION FOR THE MONTH UNDER REVIEW STOOD AT 7.48% AS COMPARED TO 8.58% IN THE EARLIER MONTH. MARKETS ENDED THE DAY WITH DECENT GAINS AFTER TRADING IN TIGHT RANGE THROUGHOUT THE DAY TRACKING MIXED GLOBAL CUES. THE TRADE REMAINED RANGE BOUND TILL MID MORNING SESSION BUT AFTERWARDS THE MARKETS GAINED STRENGTH AS CONCERNS OVER INTEREST RATE HIKE IN NEAR TERM BY THE CENTRAL BANK SUBSIDED AFTER LATEST DATA SHOWED FALL IN INFLATION. CONSUMER DURABLES AND METAL COUNTERS WERE THE STAR PERFORMERS OF THE SESSION.

TODAY MARKETS LOOK FLAT TO NEGATIVELY BIASED ON THE WEAK OPENING OF ASIAN STOCKS. TODAY IF NIFTY TRADES BELOW 5935 AND ABOVE 5984 ONE IS ADVISED TO STAY AWAY FROM BOTH LONG AND SHORTS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5935 THEN ONE CAN SEE NIFTY TO SLIDE DOWN TO 5900 LEVELS AND BREACH BELOW THIS LEVEL WOULD TAKE SUPPORT AT 5880 AND THEN 5840 LEVELS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5984 THEN ONE CAN SEE NIFTY TO MOVE UP TO 6020 AND BREAK ABOVE THIS POINT WOULD FACE RESISTANCE AT 6045 LEVELS. STAY CAUTIOUS AT EVERY HIGHER LEVELS.

BUY HINDOILEXP SL 207.90 TGT 214/218/224
BUY RECLTD SL 327 TGT 333/337/342

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