INTRADAY TIPS FOR 15 MARCH 2011

GOOD MORNING!!!

MARKET GOT OFF TO A SOFT START TRACKING ASIAN PEERS WHICH WERE TRADING IN SUBDUED NOTE. MARKETS SOON RECOVERED FROM EARLY MORNING'S LOSSES AND GRADUALLY KEPT GAINING STEAM ON THE BACK OF ROBUST BUYING IN AVIATION, ENERGY AND AUTO STOCKS, OWING TO A FALL IN OIL PRICES. THE BUYING INTERESTS GOT REINFORCED IN THE SECOND HALF OF TRADE AS THE INDICES WERE PROPELLED BY HEFTY POSITION BUILD UP IN HEAVYWEIGHT RELIANCE INDUSTRIES AND WITH SOME UNWINDING OF POSITIONS WHICH ELEVATED THE MARKETS FURTHER. EVENTUALLY MARKETS STAGED A STRONG RECOVERY, THOUGH THERE WAS A VERY GOOD RECOVERY SEEN ON THE INDICES FRONT THERE STILL REMAINS A WORD OF CAUTION AS THE MARKETS WENT UP WITH NO MUCH VOLUMES WHICH IS STILL A MATTER OF CONCERN. THOUGH THE BREADTH OF THE MARKETS REMAIN POSITIVE IT WAS NOT THE WAY IT SHOULD BE WITH A 86 POINT INCLINE IN THE NIFTY, THERE IS STILL LACK OF CONFIDENCE ON THE INVESTORS PART AS LONG AS THIS GROWS UP WE CANT REALLY BE SURE OF MARKETS TO MOVE HIGHER FROM THIS PLACE.

TODAY NIFTY MAY OPEN ON A NEGATIVE NOTE AND REMAIN UNDER PRESSURE AT EVERY HIGHER LEVELS, IF NIFTY TRADES ABOVE 5576 ONLY THEN IT CAN MOVE UP TO 5600 LEVELS ON THE UPSIDE AND ON THE FLIP SIDE IF NIFTY TRADES BELOW 5545 LEVELS LIKELY TO COME DOWN TO 5518 LEVELS AND THEN TO 5500 LEVELS AND ANY BREAK BELOW 5496 WOULD DRAG NIFTY TO 5450 LEVELS. BANK NIFTY LIKELY TO BLEED AS THERE IS A RAKE HIKE EXPECTED IN DAY AFTER TOMORROW RBI POLICY REVIEW MEET (17 MARCH 2011) BY ATLEAST 25 BASIS POINT. ONE CAN REMAIN SHORT ON EVERY RISE IN BANK NIFTY. AND WE DON’T SEE MUCH UPSIDE FROM HERE EVEN IN THE MARKETS ONLY IF RBI DOESN’T HIKE THE RATES THEN WE CAN SEE A GOOD RALLY, ELSE WE ARE LIKELY TO SUCCUMB TO PRESSURE.

INTRADAY TIPS FOR 14 MARCH 2011

GOOD MORNING!!!

MARKETS GOT OFF TO A GAP DOWN START TRACKING OVERNIGHT US MARKETS WHILE THE WEAKER-THAN-FORECASTED JAPANESE GDP NUMBERS WEIGHED ON THE REGIONAL PEERS. MAJORITY OF THE STOCKS RECOVERED FROM EARLY MORNING'S LOSSES AFTER THE DATA RELEASED BY GOVERNMENT SHOWED THAT INDUSTRIAL PRODUCTION GREW BY 3.7 PER CENT IN JANUARY AS AGAINST AN UPWARDLY REVISED RATE OF 2.5% IN DECEMBER. HOWEVER, THE INDICES CRUMBLED DEEP IN TO THE RED AS PANIC SELLING TOOK CENTER STAGE AFTER NEWS OF A MAJOR EARTHQUAKE IN JAPAN AND FAILED TO REGAIN. MARKETS CONTINUED TO STAGGER UNDER THE TREMENDOUS GLOBAL PRESSURE AS ONE DISCOURAGING EVENT AFTER ANOTHER POPPED UP IN DAYS TRADE WHICH IS LEADING THE MARKETS TO A NEGATIVE TERRITORY EVEN AFTER A POSITIVE START OR FROM A RECOVERY PHASE. BREADTH OF THE MARKETS REMAINED WEAK FOR THE ENTIRE DAY AND CLOSED MUCH WEAKER AT THE END.

TODAY MARKETS WOULD REMAIN RANGE BOUND AND VOLATILE. IF NIFTY TRADES BELOW 5450 THEN LIKELY TO COME DOWN TO 5400 LEVELS AND BREACH BELOW THIS LEVEL WOULD TAKE NIFTY DOWN FURTHER TO 5370 LEVELS AND ANY CLOSE BELOW 5400 WOULD MAKE NIFTY MUCH WEAKER IN THE DAYS AHEAD. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5470 LEVELS THEN LIKELY TO INCLINE TO 5492 AND THEN TO 5518 ANY TRADE ABOVE 5518 WOULD TAKE NIFTY FURTHER UPSIDE.

BUY TATA COFFEE TGT 980/1050
BUY TATA GLOBAL SL 100.40 TGT 104.60/107/108.60

INTRADAY TIPS FOR 11 MARCH 2011

GOOD MORNING!!!

MARKETS GOT OFF TO A NEGATIVE START TRACKING WEAK GLOBAL CUES AS INVESTORS AT LARGE FELT THE HEAT OF BOILING CRUDE OIL PRICES AMID THE PROLONGED CIVIL UPHEAVAL IN LIBYA, RISING CRUDE OIL PRICES WAS THE BIGGEST CONCERN FOR THE INVESTORS AT LARGE SINCE HIGHER CRUDE PRICES MEAN WORSENING CURRENT ACCOUNT DEFICIT FOR THE IMPORTING ECONOMIES. AFTER THE GAP DOWN OPEN INDICES SLIPPED TO MUCH LOWER LEVELS TO FRESH INTRADAY LOWS AFTER A WEAK START AND LATER MARKETS SWUNG WITHIN A NARROW RANGE LATER TOUCHED THEIR INTRADAY HIGH LEVELS IN SECOND HALF BUT GOT DRAGGED TO LOWER LEVELS ON REPORTS THAT TROOPS LOYAL TO LIBYAN LEADER MUAMMAR GADDAFI LAUNCHED YET ANOTHER BOMBARDMENT NEAR OIL FACILITIES IN RAS LANUF. EVENTUALLY INDICES SETTLED LOWER BY OVER HALF A PERCENT LOSS. MARKET BREADTH REMAINED NEGATIVE AND THERE WERE NO GREAT VOLUMES IN THE MARKETS.

TODAY MARKETS WOULD OPEN IN A NEGATIVE TERRAIN TRACKING WEAK CLOSING OF US AND EUROPE MARKETS WHICH BLEEDED LAST NIGHT. IF NIFTY TRADES BELOW 550 LEVELS WE ARE BOUND TO SEE NIFTY TO SLIDE DOWN TO 5470 AND THEN TO 5455 LEVELS AND FURTHER BREAK BELOW THIS POINT WOULD TAKE NIFTY TO 5425 LEVELS AND THEN TO 5400 LEVELS, NIFTY MAY TAKE A GOOD SUPPORT AROUND 5400 LEVELS AND IF NIFTY HAPPENS TO BREAK THIS POINT THEN WOULD LIKELY TO COME DOWN MUCH MORE. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5520 THEN LIKELY TO MOVE UP TO 5540 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKE IT TO 5566 LEVELS. ONE IS ADVISED TO BE CAUTIOUS ON THE UPSIDE FOR NOW AS LONG WE SEE SOME GOOD MOMENTUM ON THE BUYING FRONT IT IS WISE ENOUGH TO STAY OUT OF LONG AT THESE LEVELS AS THE UNDERTONE STILL REMAINS WEAK.

INTRADAY TIPS FOR 10 MARCH 2011

GOOD MORNING!!!

MARKETS STARTED ON A POSITIVE NOTE CROSSING THEIR RESPECTIVE PSYCHOLOGICAL LEVELS OF 18500 AND 5500 RESPECTIVELY IN START OF THE TRADE. HIGH BETA STOCKS TOOK THE LEAD OF THE MARKETS WHILE IT AND TECH STOCKS HAVE WITNESSED WEAKNESS ON DOLLAR WEAKNESS. IN THE LATER PART OF THE TRADING SESSION THERE SEEMED SOME PROFIT BOOKING STARTED WITH THE NEWS OF SOME ESCALATION IN THE LIBYAN UNREST AND THE BUZZ OF GOVERNMENT PLAN TO RE-REGULATE THE PETROL PRICES, THOUGH THE RATE SENSITIVE STOCKS TRIED HARD BUT INTENSE SELLING IN THE HEALTHCARE, OIL & GAS AND IT SECTOR STOCKS TOOK THE MARKETS DOWN TOUCHING THEIR INTRADAY LOWS. THE BROADER INDICES CONTINUED FIRM THROUGHOUT THE DAY AND HELPED THE MARKETS TO REMAIN FIRM THOUGH THE ENTIRE TRADING DAY WAS WITH FULL OF VOLATILITY, OVERALL THE BREATH OF THE MARKET REMAINED POSITIVE EVEN AFTER SOME SELL-OFF AT THE FAG END OF THE TRADING SESSION WHICH TOOK MARKETS TO NEGATIVE BUT MANAGED TO CLOSE FLAT AT THE END OF THE TRADE.

TODAY MARKETS WOULD BE VOLATILE AND RANGE BOUND, IF NIFTY TRADES BELOW 5530 MAY SLIDE DOWN TO 5504 LEVELS AND BREAK BELOW 5500 LEVELS WOULD TAKE NIFTY TO 5476 AND THEN TO 5453 LEVELS BUT ANY CLOSE BELOW 5450 WOULD TAKE NIFTY FURTHER DOWNSIDE IN THE COMING WEEK ON THE FLIP SIDE IF NIFTY TRADE ABOVE 5570 THEN LIKELY TO MAKE AN UPMOVE TO 5592 AND THEN BREAK ABOVE 5600 WOULD MAKE ITS MOVE TO 5630 LEVELS. STAY CAUTIOUS ON EVERY UPSIDE AS THE UNDERTONE IS STILL NEGATIVE.

INTRADAY TIPS FOR 09 MARCH 2011

GOOD MORNING!!!

INDICES STARTED ON A QUIET NOTE AFTER BAD CLOSING ON MONDAY ON THE BACK OF GEO-POLITICAL CONCERNS, RISING OIL PRICES AND DOMESTIC POLITICAL TURMOIL, AS INVESTORS REMAINED WATCHFUL GIVEN THAT THE CUES FROM OVERNIGHT US MARKETS TOO REMAINED SUBDUED. HOWEVER THE FRONTLINE INDICES GAINED TRACTION IMMEDIATELY AFTER THE FLAT START AS CRUDE OIL PRICES SHOWED SOME SIGNS OF EASING IN THE EARLY HOURS. AFTER GYRATING IN A NARROW BAND FOR A LONG TIME, THE MARKET MOVED HIGHER IN LATE AFTERNOON TRADE AS INVESTORS RESORTED TO HEFTY BUYING IN FUNDAMENTALLY STRONG AND BEATEN DOWN SHARES. MARKET BREADTH WAS POSITIVE.

MATERIALIZED EFFORTS ON SEAT SHARING BETWEEN RULING UPA ALLIES CONGRESS AND THE DMK HAS COME TO AN END ON A POSITIVE NOTE WHICH WILL BOOST THE INDIAN MARKETS IN THE INITIAL OPENING OF THE TRADE. MARKETS TODAY WOULD OPEN POSITIVE TRACKING NOT ONLY THE POLITICAL ISSUE BUT ALSO THE POSITIVE SIGNS OF US AND OTHER MARKETS. IF NIFTY TRADES ABOVE 5543 THEN LIKELY TO MOVE UP TO 5561 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5597 LEVELS AND ANY BREAK ABOVE THIS WOULD FURTHER TAKE NIFTY TO 5614 LEVELS. STAY CAUTIOUS AT EVERY HIGHER LEVEL IN NIFTY FOR NOW WE WILL HAVE TO WITNESS SOME DOWNSIDE AGAIN IN A VERY SHORT RUN. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5532 THEN LIKELY TO MOVE DOWN TO 5512 LEVELS AND THEN TO 5480 AND ANY BREAK BELOW THIS POINT WOULD DRAG NIFTY TO 5460 LEVELS AND ANY CLOSE BELOW THIS POINT WOULD TAKE NIFTY TO FURTHER DOWNSIDE IN THE NEXT FEW SESSIONS.

BUY APOLLO TYRES SL 60 TGT 73 (POSITIONAL)
BUY TECHM SL 738 TGT 765/784/792 (SHORT TERM 880) ** MUST BUY

INTRADAY TIPS FOR 08 MARCH 2011

GOOD MORNING!!!

INDICES MADE A NERVOUS START AS INVESTORS REACTED ON SATURDAY’S REPORTS OF DMK'S DECISION TO WITHDRAW ITS SIX MINISTERS FROM THE UNITED PROGRESSIVE ALLIANCE (UPA) GOVERNMENT WHICH DRAGGED THE INDICES LOWER AS TRADING PROGRESSED. WORRYING INDIAN POLITICAL SITUATION TORMENTED LOCAL SENTIMENTS AND ADDING TO THIS WAS THE OTHER MOST CRUCIAL PROBLEM I.E., CRUDE SORING TO ALMOST 29 MONTH HIGH HITTING ALMOST 107$ FOR A BARREL DRAGGED THE INDICES TO INTRA-DAY LOWS. HOWEVER, MARKETS BOUNCED BACK ON SOME SHORT COVERING IN THE LATE HOURS OF TRADE AND EVENTUALLY SNAPPED THE DAY WITH LOSSES. BREADTH OF THE MARKET REMAINED WEAK. NOW INVESTORS ARE VERY MUCH WORRIED ABOUT CPI (CRUDE PRICES, POLITICAL UNCERTAINITY, INFLATION FEARS) THESE THINGS WILL DEFINITELY HAUNT THE MARKETS TILL THE TIME THINGS STABILIZE.

TODAY MARKETS WOULD OPEN NEGATIVE AND TRADE IN A NARROW BROAD RANGE AS LONG AS NIFTY BREAKS DOWN THE CRUCIAL LEVELS. IF NIFTY TRADES BELOW 5440 THEN WE CAN SEE FURTHER DOWNSIDE IN THE NIFTY 5400 LEVELS AND ANY BREAK BELOW THIS LEVEL WE CAN SEE NIFTY TO SLIDE DOWN TO MUCH LOWER LEVELS, ONE CAN STAY SHORT IF NIFTY CLOSES BELOW 5440 LEVELS. ON THE POSITIVE SIDE AS LONG AS NIFTY TRADES ABOVE 5500 ONE IS ADVISED TO STAY AWAY FROM LONGS. ON THE POSITIONAL FRONT NIFTY HAS WEAKEND AND ONE IS ADVISED TO STAY OUT OF LONG AT THE MOMENT.

BUY DR REDDY ABOVE 1610 SL 1603 TGT 1627/1641/1650
BUY UBL SL 479 TGT 495/506/512*

INTRADAY TIPS FOR 07 MARCH 2011

GOOD MORNING!!!

INDICES OPENED ON A GAP UP NOTE TRACKING EUPHORIC ASIAN MARKETS WHICH TRADED WITH RENEWED STRENGTH TRACKING POSITIVE CLOSING OF AMERICAN MARKETS. MARKETS COULDN’T SUSTAIN THE GAINS FOR TOO LONG AND STARTED TURNING NEGATIVE IN THE AFTERNOON SESSION AND LATER CONTINUED TO SUSTAIN IN A NARROW RANGE BOUND. THE FRONTLINE INDICES FAILED TO HOLD ON TO THE INITIAL MOMENTUM AND GRADUALLY SURRENDERED THEIR GAINS THROUGH THE DAY’S TRADE. REPORTS OF FRESH VIOLENCE FROM NORTH YEMEN IN THE DYING HOURS OF TRADE ERASED THE GAINS WITH WHICH LOCAL BOURSES TRADED AND EVENTUALLY FINISHED ON AN ABSOLUTELY FLAT NOTE. ONE OF THE KEY FACTORS OF THE MARKETS WERE LOW VOLUMES IN TRADE AND THE BREADTH OF THE MARKETS WAS ALSO WEAK

TODAY MARKETS WOULD OPEN NEGATIVE NOT ONLY TRACKING WEAK GLOBAL CUES BUT ALSO WITH THE POLITICAL TURMOIL IN COUNTRY AS DMK IS WITHDRAWING SUPPORT. THOUGH THIS IS NOT GOING TO IMPACT THE GOVERNMENT MUCH AS THERE ARE MUCH MORE THAN REQUIRED NUMBERS OF MP WHO ARE WILLING AND READY TO SUPPORT GOVERNMENT BUT INITIALLY THIS MAY PUT THE MARKET UNDER PRESSURE. IF NIFTY TRADES BELOW 5528 THEN LIKELY TO COME DOWN TO 5494 LEVELS AND ANY BREAK BELOW THIS POINT WOULD DRAG NIFTY TO 5440 LEVELS, IF NIFTY CLOSES BELOW 5450 LEVELS ONE CAN SEE MUCH MORE SELLING IN THE DAYS AHEAD. ON THE UPSIDE IF NIFTY TRADES ABOVE 5555 THEN LIKLEY TO MOVE UP TO 5575 LEVELS AND ANY TRADE ABOVE THIS POINT WOULD TAKE NIFTY TO 5610 LEVELS AND FURTHER BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO MUCH HIGHER LEVELS, WHICH IS REMOTE IN TODAYS TRADE.