INTRADAY TIPS FOR 06 JANUARY2010

GOOD MORNING!!!

ANOTHER DISAPPOINTING SESSION OF TRADE AS INDICES COMMENCED THE DAY ON A FLAT NOTE AS PESSIMISTIC GLOBAL CUES UNDERMINED INVESTOR SENTIMENTS. INDICES EXTENDED LOSSES IN EARLY TRADE AND DRIFTED FOR A SOUTHWARD JOURNEY. THE INDICES GYRATED IN A NARROW RANGE THROUGH THE FIRST HALF; HOWEVER, HUGE BOUTS OF PROFIT TAKING IN THE LATE SECOND HALF SESSION LED THE BOURSES SNAP THE SESSION WITH LARGE CUTS OF AROUND A PERCENT THOUGH THE VOLUMES REMAINED WEAK. THE MARKET BREADTH WAS EXTREMELY WEAK; BANKING COUNTER REMAINED THE TOP SECTORAL LAGGARD, LOSING OVER 2% IN DAY’S TRADE ON THE BACK OF SUSTAINED SELLING AMID FEARS OF A SHARP HIKE IN INTEREST RATES DUE TO RISING INFLATION. BANKING HEAVYWEIGHTS LIKE ICICI BANK AND HDFC PLUMMETED 3.08% AND 2.75% RESPECTIVELY AS INVESTORS STARTED OFFLOADED POSITIONS IN RATE SENSITIVE’S AHEAD OF RBI POLICY MEETING. WHILE AUTO STOCKS TOO SAW HUGE BOUTS OF PROFIT BOOKING AS APPREHENSIONS THAT THE HIKE IN INTEREST RATES AND HIGHER VEHICLE PRICES MAY DENT DEMAND FOR VEHICLES LOOMED. AUTO STOCKS INCLUDING BAJAJ AUTO AND HERO HONDA NOSEDIVED 3.69% AND 3.60% RESPECTIVELY, FERTILIZER SHARES TOO WENT HOME WITH LOSSES AS THE GROUP OF MINISTERS (GOM) MEETING TO DELIBERATE ON RAISING THE PRICE OF UREA AND DECONTROL THE SECTOR WAS GOING ON. WE HAVE WITNESSED SOME BARGAIN HUNT IN INFORMATION TECHNOLOGY STOCKS.

TODAY MARKETS WOULD OPEN POSITIVE TRACKING POSITIVE GLOBAL CUES AND POSITIVE OPENING OF ASIAN MARKETS. TODAY IF NIFTY TRADES ABOVE 6102 THEN LIKELY TO MOVE UP TO 6143 AND BREAK ABOVE THIS LEVEL WOULD TAKE NIFTY TO 6163 LEVELS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 6086 THEN LIKELY TO MOVE DOWN TO 6070 AND THEN TO 6050 LEVELS ANY BREAK BELOW THIS POINT WOULD TAKE IT TO 6028 AND 5980 LEVELS.

INTRADAY TIPS FOR 05 JANUARY 2011

GOOD MORNING!!!

THE BOURSES COMMENCED THE DAY IN THE POSITIVE TERRITORY AS OPTIMISTIC GLOBAL CUES SUPPORTED INVESTOR SENTIMENTS. HOWEVER, THE FRONTLINE INDICES COULD NOT CAPITALIZE ON TO THE EARLY GAINS AND DRIFTED INTO THE RED IN VERY EARLY TRADE AS INVESTORS OPTED TO TAKE PROFITS OFF THE TABLE AT HIGHER LEVELS. THE INDICES REMAINED CHOPPY THROUGH THE SESSION AND THE SELL-OFF IN THE DYING HOURS OF TRADE LED THE INDICES TO CLOSE LOWER. VOLUMES IN THE MARKETS PICKED-UP TO SOME EXTENT COMPARED TO LAST THREE TRADING SESSIONS. FMCG WAS THE BIGGEST GAINER IN THE SECTOR WHILE BANK INDEX WAS THE BIGGEST LOOSER IN THE SECTORAL FRONT.

TODAY MARKETS LOOKS WEAK ON WEAK GLOBAL CUES, TODAY IF NIFTY TRADES BELOW 6146 THEN LIKELY TO DRIFT DOWN TO 6105 LEVELS AND ANY BREAK BELOW THIS POINT WOULD TAKE NIFTY DOWN TO 6070 LEVELS AND THEN TO 6050 LEVELS, ANY CLOSE BELOW 6145 ONE CAN STAY SHORT ON A POSITIONAL FRONT. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 6180 THEN LIKELY TO MOVE UP TO 6210 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6240 LEVELS WHERE THIS POINT WOULD ACT AS A TOUGHEST RESISTANCE. TODAY METALS MAY FACE SOME WEAKNESS.

BUY EXIDE INDS SL 171.55 TGT 173.90/175.25/177.65
BUY ALSTOM PROJECTS SL 721.40 TGT 734/741/753.80 (SHORT TERM 850/925)**
BUY GRASIM SL 2414 TGT 2439/2451/2471

POSITIONAL TRADES
BUY CESC TGT 420
BUY PRAJ INDS TGT 110/125*
BUY CAIRN TGT 390
BUY JINDAL STEEL AND POWER TGT 830/870

INTRADAY TIPS FOR 04 JANUARY 2011

GOOD MORNING!!!

INDICES HAVE STEADFASTLY MAINTAINED THE IMPETUS IN THE PAST FOUR TRADING SESSIONS AND MANAGED TO KICK-OFF THE INITIAL TRADING DAY OF 2011 ON AN OPTIMISTIC NOTE. MARKETS GOT OFF TO A STRONG START ON THE BACK OF OPTIMISTIC CUES FROM THE GLOBAL MARKETS. SENTIMENTS REMAINED UPBEAT IN THE EARLY TRADE BUT GRADUALLY DECLINED AS INVESTORS OPTED TO TAKE PROFITS OUT OF THE TABLE ON HIGH LEVELS. THE BOURSES GYRATED IN A NARROW RANGE WITH A POSITIVE BIAS AND TOUCHED THEIR INTRADAY HIGHS IN THE INITIAL MOMENTS OF TRADE. HOWEVER, SELL-OFF IN THE DYING HOURS OF TRADE LED THE INDICES TO CLOSE NEAR THE DAY’S LOW LEVEL. VOLUMES REMAINED WEAK FOR THE SECOND STRAIGHT DAY AT OVER RS 76 THOUSAND CRORE WHILE THE TURNOVER FOR NSE F&O SEGMENT REMAINED ON THE LOWER SIDE COMPARED TO FRIDAY AT OVER RS 62 THOUSAND CRORE. THE MARKET BREADTH WAS EXTREMELY POSITIVE; METAL COUNTER WAS THE TOP SECTORAL GAINER, WITH TATA STEEL AND STERLITE INDUSTRIES ZOOMING WELL OVER THREE PERCENT. WHILE SUGAR STOCKS TOO RALLIED TODAY AFTER DECLINING IN THE PREVIOUS TRADING SESSION ON REPORTS THAT THE GOVERNMENT WILL IMPOSE 60% IMPORT DUTY ON SUGAR FROM JANUARY 1, 2011. ON THE OTHER HAND, INFORMATION TECHNOLOGY COUNTER REMAINED UNDER MILD PRESSURE ON MONDAY BUT MANAGED TO REGAIN ALL THE LOSSES BY THE END OF THE DAY TO END TO CLOSE IN GREEN. METAL UP 2.07%, CONSUMER DURABLES (CD) UP 1.54%, PUBLIC SECTOR UNDERTAKINGS (PSU) UP 0.59%, BANKEX UP 0.56% AND POWER UP 0.54%. ON THE OTHER HAND, AUTO DOWN 0.17%, INFORMATION TECHNOLOGY (IT) DOWN 0.11% AND OIL & GAS DOWN 0.02% WERE THE ONLY LOSERS SECTORAL SPACE.

TODAY NIFTY WOULD OPEN POSITIVE AND WOULD BE UNDER PRESSURE ON EVERY HIGHER LEVELS. IF NIFTY TRADES ABOVE 6184 THEN LIKELY TO MAKE ITS UPMOVE TO 6200 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6220 AND THEN TO 6240, 6240 IS ONE OF THE MOST CRUCIAL LEVEL IN THE MARKETS BREAK ABOVE WHICH WOULD TAKE NIFTY TO MUCH HIGHER LEVELS THE ONLY POINT OF CONCERN IN THE MARKETS IS THE VOLUMES, THOUGH THE MARKETS ARE SCALING HIGHER DAY BY DAY FOR THE PAST FOUR DAYS IT IS VERY IMPERATIVE TO BEAR IN MIND THAT MARKETS CAN COME DOWN AT A GREATER PACE IF NORMAL VOLUME RESUMES THE EXCHANGES. ONE HAS TO BE VERY CAREFUL AND CALCULATIVE IN TAKING THE POSITIONS AND RETAINING THEM OVERNIGHT. IT IS WISE TO PLAY SAFE AND BUY ONLY ONE-THIRD PART OF THE MONEY YOU HAVE. ON THE FLIP SIDE IF NIFTY TRADES BELOW 6172 THEN LIKELY TO COME DOWN 6150 LEVELS AND BREAK BELOW THIS POINT WOULD DRAG NIFTY TO 6120 LEVELS AND THEN TO 6100. ONE HAS TO BE WITH THE TREND AND AT THIS STAGE I WOULD SUGGEST YOU NOT TO CARRY HUGE VOLUMES OVERNIGHT.

BUY SREINFRA SL 116 TGT 118/120/122
BUY XPRO INDIA SL 70.45 TGT 73/75/77
BUY EVERONN SL 696 TGT 715/725/744
BUY VIVIMED LABS SL 309 TGT 320/327/335*
BUY INDIAN HOTELS SL 100 TGT 102.40/103.55/105 (SHORT TERM 120)*
BUY PUNJLLOYD SL 115.40 TGT 117.60/119.30/120.40 (SHORT TERM 140)*
POSITIONAL TRADES
BUY LLOYD STEEL TGT 18.50

INTRADAY TIPS FOR 03 JANUARY 2011

GOOD MORNING!!!

WISHING YOU A VERY HAPPY NEW YEAR!!!

MARKETS BID ADIEU TO THE YEAR 2010 ON A HIGH NOTE AS THEY ENDED THE DAY ON AN OPTIMISTIC, THE MARKETS GOT OFF TO A POSITIVE START DESPITE THE MIXED CUES FROM THE GLOBAL PEERS. INDICES MANAGED TO EXTEND THEIR GAINS FOR THE THIRD STRAIGHT DAY AS THEY CONTINUED TO GARNER STRENGTH THROUGH THE DAY’S TRADE DESPITE GYRATING IN A NARROW RANGE. INVESTORS REMAINED CAUTIOUS EARLY IN THE DAY BUT SENTIMENTS IMPROVED AS THE DAY PROGRESSED. INDICES MOVED IN A NARROW RANGE WITH A POSITIVE BIAS AND MANAGED TO TOUCH THEIR INTRADAY HIGHS IN THE INITIAL MOMENTS OF THE SECOND HALF. THE MARKET BREADTH WAS POSITIVE; REALTY, AUTO STOCKS LEADING FROM THE FRONT

TODAY MARKETS WOULD OPEN FLAT TO POSITIVE BUT WOULD REMAIN IN A NARROW RANGE BOUND. IF NIFTY TRADES ABOVE 6180 THEN LIKELY TO MAKE AN UP MOVE TILL 6200 AND THEN BREAK ABOVE THIS POINT WOULD TAKE IT TO 6240 LEVELS AND ON THE FLIP SIDE IF NIFTY TRADES BELOW 6160 THEN LIKELY TO COME DOWN TO 6130 AND THEN BREAK BELOW THIS POINT WOULD DRAG IT TO 6102 LEVELS AND BREAK BELOW THIS POINT WOULD TAKE IT TO 6070 LEVELS ANY CLOSE BELOW 6070 ONE CAN REMAIN POSITIONALLY SHORT.

BUY HDFC SL 729 TGT 736/740/744
BUY RANBAXY SL 600 TGT 608/613/619
BUY ALOK TEXTILES SL 27.70 TGT 28.40/28.80/29.50
BUY JSW ENERGY SL 99 TGT 101/102.25/104
BUY BALLARPUR INDS SL 38.7 TGT 39.80/40.30/41.30

POSITIONAL TRADES
BUY REI AGRO CMP 27.20 TGT 35/40

INTRADAY TIPS FOR 31 DECEMBER 2010

GOOD MORNING!!!

INDIAN EQUITY INDICES WITNESSED ANOTHER STABLE SESSION OF TRADE A DAY AFTER BREAKING THE JINX OF TRADING IN A NARROW BAND FOR THE PAST 10 DAYS OF TRADING ON CLOSING SESSION OF EXPIRY DAY. THE MARKETS GOT OFF TO A POSITIVE START DESPITE THE MIXED CUES FROM THE GLOBAL COUNTERPARTS. THE BOURSES MOVED IN A NARROW RANGE WITH A POSITIVE BIAS FOR MOST PART OF THE DAY’S BUT PICKED UP SOME STRENGTH IN DYING HOURS. THE FRONTLINE INDICES CONSOLIDATED AT HIGHER LEVELS FOR SECOND STRAIGHT DAY TO SHUT AT THE HIGH POINT OF THE DAY. THE MARKET BREADTH WAS POSITIVE; MEANWHILE, INVESTORS ONCE AGAIN SHRUGGED OFF THE CONCERNS OF RISING FOOD PRICE INFLATION. ACCORDING TO THE DATA RELEASED BY THE MINISTRY OF COMMERCE AND INDUSTRY, INDIA'S FOOD PRICE INDEX ROSE 14.14% ON ANNUAL BASIS DURING WEEK-ENDED DEC 18, SUBSTANTIALLY FASTER COMPARED WITH 12.13% IN THE WEEK-ENDED DEC 11 AND 9.46% IN THE PREVIOUS WEEK. GAINS REMAINED BROAD-BASED DURING THE SESSION WITH CONSUMER DURABLES, REALTY AND INFORMATION TECHNOLOGY COUNTERS ATTRACTING MAXIMUM TRACTION. THE BROADER INDICES TOO RALLIED WITH CONVICTION AS THE MID-CAP TOO MANAGED TO OUTCLASS.

TODAY MARKETS WOULD LIKELY BE ON A NARROW RANGE BOUND AHEAD OF WEAK END. TODAY IF NIFTY TRADES ABOVE 6116 THEN LIKELY TO TOUCH 6145 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6204 LEVELS AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 6094 THEN LIKELY TO COME DOWN TO 6068 LEVELS AND BREAK BELOW THIS POINT WOULD DRAG IT TO 6040 LEVELS AND ANY CLOSE BELOW 6025 IS CONSIDERED TO BE WEAK FOR THE DAYS AHEAD.

BUY GREAT OFFSHORE SL 390 TGT 397/400/406 *
BUY BINANI INDS SL 221 TGT 232/239/250

POSITIONAL TRADES
BUY SESAGOA TGT 360/385

WISH YOU AND ALL YOUR FAMILY A VERY HAPPY NEW YEAR.

MAY GOOD HEALTH, WEALTH AND PROPERITY SHOWER LIKE RAIN ON YOU AND YOUR FAMILY IN THE YEAR AHEAD. HAPPY 2011

INTRADAY TIPS FOR 30 DECEMBER 2010

GOOD MORNING!!!

INVESTORS SHRUGGED OFF FEARS OVER NEW FRAUD CASE IN THE COUNTRY WHICH HAS COME TO THE SURFACE, MARKETS GOT OFF TO A POSITIVE START THIS MORNING PROMPTED GLOBAL CUES WHICH REMAINED SUPPORTIVE THROUGHOUT THE SESSION. ALL ASIAN COUNTERPARTS, BARRING TAIWAN WEIGHTED, SHOWED STRENGTH IN TRADE. MOST OF THE EUROPEAN INDICES WERE ALSO TRADING HIGHER. THE US INDEX FUTURES WERE SHOWING UP-TICK IN SCREEN TRADE. ALL THESE FACTORS HELPED DOMESTIC EQUITY INDICES TO SCALE HIGHER INCH BY INCH, IT MANAGED TO BREAK THE JINX OF THE PAST FEW DAYS OF THE TRADE, LOT OF TRADERS SQUARED OFF THEIR SHORT POSITIONS AHEAD OF EXPIRY WHICH ALSO IGNITED THE MARKETS TO SCALE HIGHER. THOUGH INDICES MOVED IN A NARROW RANGE WITH A POSITIVE BIAS TILL MID-MORNING. HOWEVER, PICKED THE MOMENTUM ALONG WITH THE STRENGTH IN THE LATE-MORNING TRADES. MARKET BREADTH WAS POSITIVE CONSUMER DURABLES, FAST MOVING CONSUMER GOODS AND METAL COUNTERS ATTRACTING MAXIMUM ATTENTION.

TODAY MARKETS WOULD REMAIN VOLATILE AHEAD OF EXPIRY. IF NIFTY TRADES 6075 THEN LIKELY TO MAKE AN UP MOVE TO 6092 AND ANY TRADE ABOVE THIS POINT THOUGH HAVE SOME RESISTANCE AROUND 6104 LIKELY TO MOVE UP TO 6140 ONLY IF 6104 IS BROKEN AND TRADED AND ANY CLOSE ABOVE 6100 ONE HAS TO STAY CATIOUS ON BUILDING ANY SHORT POSITIONS FOR TIME BEING. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 6050 THEN LIKELY TO COME DOWN TO 6030 AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY TO 6014 AND THEN TO 5997 AND ANY CLOSE BELOW 6000 IS A NEGATIVE SIGN IN THE MARKETS, WHERE ONE CAN GO POSITIONAL SHORT FOR THE NEXT MONTH CONTRACT.

BUY HINDZINC SL 1326 TGT 1353/1368/1379
BUY PIPAVAV SL 83.40 TGT 84.50/85.25/86
BUY ITC SL 174 TGT 175.50/176.40/177.40
POSITIONAL TRADES
BUY JINDAL STEEL AND POWER TGT 766/860

INTRADAY TIPS FOR 29 DECEMBER 2010

GOOD MORNING!!!

ANOTHER SLUGGISH DAY OF TRADE IN THE INDIAN EXCHANGES, MARKETS STARTED THE SESSION WITH MODEST GAINS THIS MORNING TRACKING MIXED GLOBAL CUES. INDICES MOVED WITHIN A NARROW RANGE THAT TOO NEAR THE NEUTRAL LINE IN THE MORNING SESSION AND SIMILAR TREND CONTINUED TILL AFTERNOON MORNING SESSION. THE MARKETS WITNESSED SOME SELLING PRESSURE IN AFTERNOON TRADES, WHICH DRAGGED THEM TO DAY’S LOW. LATER INDICES RECOVERED FROM THEIR INTRADAY LOWS IN LATE TRADES TO ENTER THE POSITIVE TERRAIN BUT ALL THIS ACTION CONTINUED TO HAPPEN IN A VERY SMALL RANGE. THE MARKETS MOVED BACK AND FORTH IN LAST HOUR OF TRADE AS WELL BEFORE SIGNING OFF THE SESSION AROUND THE NEUTRAL LINE. DESPITE BEING F&O EXPIRY WEEK, THE VOLUME HASN’T PICKED UP ON THE STREET. THE TURNOVER FOR THE SESSION STOOD AT AROUND RS 1.01 LAKH CRORE. MARKET BREADTH WAS POSITIVE; FMCG, HEALTHCARE AND TECHNOLOGY COUNTERS WAS OFFSET BY LOSSES IN OIL & GAS, PSU AND AUTO STOCKS. TELECOM STOCKS WERE IN ACTION DURING THE SESSION.

TODAY MARKETS LOOK VOLATILE AHEAD OF EXPIRY TOMORROW, WE MAY WITNESS SOME KIND OF RANGE BOUND MOVEMENTS UNTIL THE SPECIFIED LEVELS IN THE NIFTY ARE BREACHED. IF NIFTY TRADES BELOW 5999 ONE CAN SEE NIFTY TO TRADE DOWN TO 5985 AND THEN TO 5955 LEVELS AND ANY BREAK BELOW THIS POINT WOULD SEE NIFTY TO SLIDE DOWN TO 5912 LEVELS, AND IF NIFTY CLOSES BELOW 5985 ON THE CLOSING BASIS WE CAN RETAIN SHORTS AND WE MAY HEAD DOWN. ON THE FLIP SIDE IF NIFTY TRADES ABOVE ABOVE 6030 THEN LIKELY TO MOVE UP TO 6043 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6060 AND THEN TO 6090 BUT AS OF NOW NIFTY AT CURRENT LEVELS ON A SHORT TERM FRONT LOOKS WEAK, SO ONE IS ADVISED TO STAY CAUTIOUS AND ALSO ADVISE YOU TO HEDGE YOUR POSITIONS WITH SOME AMOUNT OF PUTS TO SAFEGUARD YOUR CAPITAL INVESTED IN STOCKS. EXCEPT FOR THE STOCK SPECIFIC MANY STOCKS ARE AT A PLACE WHERE THEY CAN BLEED.

BUY GUJ NRE COKE SL 60.40 TGT 62.40/63.30/64.75 (SHORT TERM 75)*
BUY MOSER BAER SL 62 TGT 64/65.30/67.20
BUY BARTRONICS SL 90.25 TGT 95.90/99.40/101.90
POSITIONAL TRADES
BUY TATA ELEXSI TGT 340/400*
BUY HEXAWARE TGT 140*
BUY MCDOWEL TGT 1675*