INTRADAY TIPS FOR 11 JANUARY 2011

GOOD MORNING!!!

INDICES STARTED-OFF WITH A VERY VOLATILE SESSION TRACKING ASIAN MARKETS WHICH WERE TRADING WITH A NEGATIVE BIAS, A TERRIBLE FIRST DAY OF A NEW WEEK AS THE BLOOD BATH CONTINUED FOR THE FIFTH STRAIGHT DAY OF TRADE TAKING THE BENCHMARK INDICES WAY BELOW THE PSYCHOLOGICAL LEVELS. THE FRONTLINE INDICES REMAINED CHOPPY AND FAILED TO RECOVER AT ANY STAGE. MARKETS SAW RELENTLESS SELLING PRESSURE ACROSS THE COUNTERS AS RATE HIKE FEARS AND WEAK OPENING OF EUROPEAN MARKETS DRAGGED THE FRONTLINE INDICES, THE SLAUGHTER IN THE LATE HOURS ENSURED THAT THE BOURSES WENT HOME WITH MASSIVE LOSSES AND CLOSE AROUND THE LOW POINT OF THE DAY. VOLUMES SAW SUBSTANTIAL PICK UP COMPARED TO LAST FEW DAYS. THE MARKET BREADTH WAS DREADFULLY NEGATIVE. ALL THE SECTORAL INDICES WERE IN RED.

TODAY MARKETS WOULD OPEN FLAT AND REMAIN RANGE BOUND BUT IF NIFTY BREAKS 5750 THEN LIKELY TO COME DOWN TO 5713 LEVELS AND ANY BREAK BELOW THIS POINT WOULD TAKE NIFTY TO 5670 LEVELS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5781 THEN LIKELY TO MOVE UP TO 5820 AND THEN TO 5862 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5890 LEVELS. MARKETS ARE LOOKING VERY WEAK AS OF NOW AND ONE IS ADVISED NOT TO GO LONG.

BUY SATYAM SL 88.80 TGT 91.5/93.40/94.50
BUY OFSS ABOVE 2180 SL 2173 TGT 2195/2211/2222

INTRADAY TIPS FOR 10 JANUARY 2011

GOOD MORNING!!!

MARKETS GOT OFF TO A TEPID START TRACKING ASIAN MARKETS WHICH EXHIBITED MIXED TREND. THE FRONTLINE INDICES COULD NOT GAIN ANY KIND OF MOMENTUM THEREAFTER AND CONTINUED TO SULK AS INVESTORS’ EXERTED HEAVY SELLING PRESSURE ACROSS THE BOARD. IT TURNED TO BE A COMPLETE TURMOIL ON THE LAST DAY OF THE WEEK FOR THE INDIAN MARKETS WHICH GOT THRASHED FOR THE FOURTH STRAIGHT SESSION OF TRADE TO END ON AN EXTREMELY DREADFUL NOTE. INVESTORS WERE TRAPPED IN MAYHEM IN THE LATE HOURS OF TRADE AS THE MAJOR FRONTLINE STOCKS BADLY BURNT, AFTER THE RESERVE BANK OF INDIA’S DEPUTY GOVERNOR EXPRESSED HIS CONCERNS OVER THE TOWERING FOOD INFLATION STATING THAT IT CURRENTLY IS AT A “WORRYINGLY HIGH” LEVEL. RATE-SENSITIVE’S LIKE BANKING AND FINANCIAL INSTITUTIONS, REALTY AND AUTO COUNTERS SULKED FOR ANOTHER DAY AMID GROWING APPREHENSIONS THAT THE HIKE IN INTEREST RATES IS AROUND THE CORNER SEEING THAT THE SURGING FOOD INFLATION NUMBERS WILL PRESSURIZE THE RESERVE BANK OF INDIA (RBI) TO TIGHTEN THE STANCE OF MONETARY POLICY FURTHER IN THE FORTHCOMING POLICY REVIEW SCHEDULED FOR JANUARY 25. EXTREME CAUTION AHEAD OF QUARTERLY RESULTS FROM INDIA INC, INVESTORS CONTINUED TO HIT THE SELL BUTTON THROUGH THE DAY. METAL, AUTO AND IT TOOK A NOSE DIVE IN THE MARKET AND NO INDEX STOCK MANAGED TO CLOSE ON POSITIVE SIDE.

TODAY MARKETS LOOK WEAK ON CLOSING BASIS OF FRIDAY AND WOULD CONTINUE TO OPEN NEGATIVE TRACKING WEAK ASIAN MARKETS ALONG WITH NEGATIVE CLOSING OF US MARKETS. IF NIFTY TRADES BELOW 5900 THEN LIKELY TO COME DOWN TO 5860 AND ANY BREAK BELOW THIS POINT WOULD TAKE IT TO 5820 LEVELS AND ANY CLOSE BELOW THIS POINT WOULD TAKE IT DOWN BELOW TO 5725 LEVELS. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5935 THEN WOULD TAKE IT TO 5970 LEVELS BUT ONE IS ADVISED TO STAY AWAY FROM LONGS AT THIS STAGE AT ANY COST AS THE SELLING AT THIS LEVEL IS VERY VIGOROUS SO PLAY CAUTIOUS ON THE LONG SIDE.

NO RECOS FOR THE DAY

INTRADAY TIPS FOR 07 JANUARY 2011

GOOD MORNING!!!

INDICES CONTINUED THEIR STRUGGLE FOR THE THIRD CONSECUTIVE SESSION OF TRADE WITH ABOUT HALF A PERCENT OF LOSS. SUBDUED SENTIMENTS AHEAD OF THE CORPORATE EARNINGS SEASON COUPLED WITH SHARP SURGE IN FOOD INFLATION NUMBERS WEIGHED HEAVILY ON THE FRONTLINE INDICES. THOUGH MARKETS COMMENCED THE DAY IN THE GREEN ZONE TRACKING ASIAN MARKETS WHICH GAINED STRENGTH AFTER THE US MARKETS CLOSED ON A STRONG NOTE ON GETTING BETTER THAN EXPECTED JOBS REPORT. BUT THE FRONTLINE INDICES DRIFTED INTO THE RED SOON AND AFTERWARDS COMMENCED A SOUTH BOUND JOURNEY FOR THE DAY. INDICES GYRATED IN A NARROW RANGE THROUGH THE DAY AND HUGE BOUTS OF PROFIT TAKING IN THE DYING HOURS LED THE BOURSES WEAK. THE MARKET BREADTH WAS EXTREMELY NEGATIVE, RATE-SENSITIVE’S LIKE BANKING, REALTY AND AUTO COUNTERS THE WITNESSED THE MAXIMUM BRUNT AMID GROWING APPREHENSIONS THAT THE TOWERING FOOD INFLATION WILL PRESSURIZE THE RESERVE BANK OF INDIA (RBI), WHICH LEFT BENCHMARK POLICY RATES UNCHANGED IN THE LAST REVIEW, TO STEP DOWN FROM ITS SELF IMPOSED MORATORIUM IN NOVEMBER REVIEW AND TIGHTEN THE STANCE OF MONETARY POLICY FURTHER IN THE FORTHCOMING POLICY REVIEW SCHEDULED FOR JANUARY 25. REAL ESTATE COUNTER REMAINED IN DOLDRUMS AND LOST ABOUT TWO AND HALF A PERCENT. AUTO HEAVYWEIGHT BAJAJ AUTO PLUMMETED 3.60% ON WEDNESDAY, ON CONCERNS THAT THE TWO-WHEELER INDUSTRY GROWTH WOULD MODERATE OVER FY12-13 AND COMPETITION WOULD INTENSIFY. WHILE FERTILIZER STOCKS TOOK A DEEP CUT AFTER A GROUP OF MINISTERS (GOM) HEADED BY FINANCE MINISTER PRANAB MUKHERJEE DEFERRED ITS DECISION TO DECONTROL UREA PRICES AND BRINGING IT UNDER THE NUTRIENT BASED SUBSIDY (NBS) POLICY REGIME FOR NOW EVEN AS A PANEL OF SECRETARIES WERE ASKED TO WORK OUT A VIABLE MODEL FOR DECONTROLLING THE PRICES. AMONG THE OTHER LOSERS, CEMENT PRODUCERS INCLUDING AMBUJA CEMENT AND ACC SULKED 5.15% AND 4.25% RESPECTIVELY AHEAD OF THE EARNINGS SEASON, ON FEARS THAT COMPANIES WILL FACE COST PRESSURE ON INCREASING COAL PRICES. ON THE OTHER HAND, INFORMATION TECHNOLOGY STOCKS BUCKED THE WEAK MARKETS FOR THE SECOND STRAIGHT DAY AND WITNESSED SOME BUYING INTERESTS TODAY TAKING CUE FROM THE STRENGTH IN THE DOLLAR.

TODAY MARKETS WOULD BE RANGE BOUND TRACKING THE MIXED GLOBAL CUES, MARKETS WOULD REMAIN IN A BAND UNTIL THE RANGE IS BREACHED ON EITHER LEVELS. IF NIFTY TRADES BELOW 6064 THEN LIKELY TO COME DOWN TO 6040 LEVELS AND BREACH BELOW THIS LEVEL WOULD TAKE IT FURTHER DOWNSIDE TO 6010 AND THERE ON IT MAY TAKE SUPPORT AT 5980 LEVELS. ON THE FLIP SIDE OF IT IF NIFTY TRADES ABOVE 6100 THEN LIKELY TO MOVE UP TO 6122 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKE IT TO 6154 LEVELS. ONE HAS TO STAY CAUTIOUS IN THE MARKETS AS INFLATION PRESSURE WILL CONTINUE TO HAUNT THE INDUSTRY.

BUY BINANI INDS SL 252 TGT 268/275/289
BUY JINDAL SAW SL 210 TGT 214.40/217.75/219.55 (SHORT TERM 240/275)
BUY HARRISON MALAYALAM SL 88 TGT 92/95/97
POSITIONAL TRADES
BUY AFTEK TGT 20/23
BUY RELIANCE INDS TGT 1200
BUY INFOSYS TGT 4000/5000
BUY OFSS TGT 2500/3000

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