INTRADAY TIPS FOR 24 MARCH 2011

GOOD MORNING !!!

MARKETS OPENED AS EXPECTED, INDICES INITIALLY SLIPPED TO THEIR INTRA-DAY LOW LEVELS IN THE OPENING MOMENTS OF THE TRADE TRACKING WEAK CUES FROM THE GLOBAL CUES AND TOWERING CRUDE OIL PRICES ON CONCERNS THAT CONFLICTS IN MIDDLE EAST COULD FURTHER TIGHTEN THE SUPPLIES. HOWEVER, ON REPORTS THAT BILLIONAIRE INVESTOR WARREN BUFFET INTENDS TO USE THE HUGE CASH PILE OF HIS FLAGSHIP FIRM BERKSHIRE HATHAWAY TO ACQUIRE COMPANIES IN INDIA, AN INVESTMENT DESTINATION BUFFETT FEELS IS TOO BIG TO BE CALLED AN EMERGING MARKET; MARKETS SOON STAGED A STRONG AND STABLE PULLBACK THEREAFTER LED BY GAINS IN BANKING, FMCG, HEALTHCARE AND METAL STOCKS. THE INDICES GRADUALLY GAINED TRACTION AND SAILED BEYOND THE CRUCIAL SUPPORT LEVELS IN THE INDICES, THERE WAS NO BOUTS OF PROFIT BOOKING THAT TOOK PLACE IN THE MARKETS AND MARKETS MANAGED TO CLOSE AT THE HIGHER HIGHS OF THE DAY WHICH IS CONSIDERED TO BE A VERY GOOD CLOSING, THE BREADTH OF THE MARKET WAS POSITIVE.

TODAY MARKETS WOULD OPEN POSITIVE AND REMAIN ON THE POSITIVE SIDE. IF NIFTY TRADES ABOVE 5500 THEN LIKELY TO MOVE UP TO 5528 LEVELS AND THEN TO 5547 LEVELS ANY BREAK ABOVE 5550 WOULD TAKE NIFTY TO 5581 LEVELS. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5493 THEN LIKELY TO MAKE ITS JOURNEY TO 5472 LEVELS AND THEN TO 5450 WHICH TODAY MAY NOT BE POSSIBLE BUT ONE HAS TO BE VERY CAUTIOUS IN THE MARKETS THOUGH THIS SHORT TERM PULL BACK MAY CONTINUE FOR THIS WEEK BUT THE OVERALL POSITION IN THE MARKETS STILL REMAIN WEAK AND WE MAY HEAD DOWN ONCE AGAIN, EVEN THOUGH IT IS VERY POSITIVE IN THE MARKETS FOR TIME BEING IT DOESN’T TAKE TOO LONG TO WEAKEN SO BE AWARE OF THIS POINT THAT THERE MAY BE A DRAG IN THE INDICES GOING FORWARD SO DON’T ADD TOO MANY POSITIONS ON THE LONG TERM HORIZON. ONE CAN TAKE POSITION ON INTRADAY TO VERY SHORT TERM. CRUDE AGAIN IS ONE OF THE BIGGEST CONCERNS IN THE MARKETS WITH THE GLOBAL UNCERTAINTY.

INTRADAY TIPS FOR 23 MARCH 2011

GOOD MORNING!!!

INDICES RECOVERED IN THE OPENING TRADE TAKING LEADS FROM THE OVERNIGHT UPSURGE IN THE US MARKETS WHICH GARNERED DECENT PROFITS ON REPORTS OF STABILIZING NUCLEAR CRISIS IN JAPAN ALONG WITH SOME ACQUISITION REPORT. THE INDICES GRADUALLY GAINED TRACTION AND CONQUERED THE CRUCIAL SUPPORT LEVELS OF 5,400 AND TRADED ABOVE THESE LEVELS FOR MOST PART OF THE DAY. PROFIT BOOKING WERE WITNESSED IN LATE TRADE WHEN THE FRONTLINE INDICES TOUCHED INTRA-DAY HIGHS WHICH DRAGGED THE BOURSES BELOW CRUCIAL SUPPORTS. HOWEVER, SOME SHORT COVERING IN DYING MINUTES HELPED THE INDICES TO SNAP THE THREE DAY LOSING STREAK WITH GAINS OF ALMOST A PERCENT. MARKETS BREADTH WAS POSITIVE, WITH SUGARS MOVING LARGELY ON GOVERNMENT BILL OF EXPORTING.

TODAY MARKETS WOULD OPEN FLAT TO POSITIVE AND REMAIN POSITIVELY BIASED UNTIL 5400 LEVELS ARE HELD. IF NIFTY TRADES BELOW 5400 THEN LIKELY TO COME DOWN TO 5377 AND BREACH BELOW THIS LEVEL WOULD DRAG TO 5360 LEVELS AND ANY BREAK BELOW THIS LEVEL WOULD WEAKEN NIFTY AND ONE IS ADVISED TO STAY AWAY FROM LONGS AT THIS STAGE AND CAN CARRY FORWARD SHORTS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5440 THEN LIKELY TO MAKE AN UPMOVE TO 5468 LEVELS AND THEN TO 5490 LEVELS. THE ONLY CONSTRAINT IN THE MARKETS NOW IS CRUDE SURGING HIGHER AND HIGHER DAY BY DAY WHICH IS GOING TO ADD ON HUGE PRESSURE ON INDIAN MARKETS. HOPEFULLY WARREN BUFFET WOULD ADD ESSENCE TO THE INDIAN MARKETS, ANOTHER DYNAMIC PERSONALITY OF THE WORLD MR BILL GATES WOULD JOIN HIM IN THE LAST LEGS OF HIS VISIT WHICH WOULD ADD FURTHER GROWTH TO THE INDIAN MARKETS. EXPECTING SOME POSITIVE VIBRATIONS TO ADD TO THE INDIAN MARKETS IN THE WEEK AHEAD.

INTRADAY TIPS FOR 22 MARCH 2011

GOOD MORNING!!!

INDICES BOUNCED BY OVER 100 POINTS IN THE OPENING TRADE ON EMERGENCE OF BUYING IN THE FRONT END STOCKS WHICH GOT SUPPORT FROM ASIAN PEERS. HOWEVER, THE FRONTLINE INDICES IMMEDIATELY ERASED ALL THE OPENING SESSION GAINS AND DRIFTED INTO THE RED TO TOUCH THE LOW POINT OF THE DAY. SELECTIVE BUYING IN SOME UNDERVALUED SHARES THEREAFTER HELPED THE INDEX CLAW BACK IN TO THE GREEN TERRITORY IN THE LATE MORNING SESSION. AFTER GYRATING IN A NARROW BAND AND TRADING IN THE GREEN FOR SOME TIME, THE FRONTLINE INDICES SLIPPED BACK INTO THE RED AS INVESTORS TOOK PROFITS OFF THE TABLE IN THE LATE HOURS OF TRADE AND MANAGED TO CLOSE WITH A MARGINAL LOSS. THE BREADTH OF THE MARKET REMAINED NEGATIVE.

TODAY MARKETS WOULD BE RANGE BOUND UNTIL IT BREACHES UPSIDE RANGE OF 5425 AND DOWNSIDE RANGE OF 5350 LEVELS. IF NIFTY TRADES ABOVE 5425 THEN LIKELY TO MOVE UP TO 5460 LEVELS AND THEN TO 5500 LEVELS. IF NIFTY CLOSES ABOVE 5500 LEVELS ONE CAN SEE SOME BARGAIN HUNTING AND FRESH LONGS TO BUILD IN THE MARKET. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5350 THEN LIKLEY TO COME DOWN TO 5310 AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY DOWN TO 5258 LEVELS, ANY CLOSE BELOW 5300 IS CONSIDERED TO BE MUCH MORE DOWN SIDE IN A SHORT TIME, ONE SHOULD BE CAREFUL IF NIFTY CLOSES BELOW 5300 LEVELS.

INTRADAY TIPS FOR 21 MARCH 2011

GOOD MORNING!!!

MARKETS GOT OFF TO A GOOD START ON THE OPENING TRADE, WITH FINANCE AND OTHER SECTOR STOCKS RISING ON THE BACK OF SUPPORTIVE CUES FROM OVERNIGHT US MARKETS WHICH SURGED AROUND ONE AND HALF A PERCENT ON THE BACK OF THE SLEW OF GOOD ECONOMIC REPORTS THAT HELPED TO PUT ASIDE THE FEAR OF JAPANESE CRISIS. HOWEVER, WITH THE UNPLEASANT REPORTS ON THE RELIANCE INDUSTRIES ON PRODUCTION FROM KG BASIN HAS PUT HUGE PRESSURE ON FRONTLINE INDICES AND ERASED ALL THE GAINS ALONG WITH THIS OTHER THINGS WHICH HAS PLAYED THE SPOIL SPORT WERE OPPOSITION RAISING QUESTIONS ON CONGRESS, WHICH IS ALREADY BURDENED BY CORRUPTION CHARGES, CULPABILITY AFTER WIKILEAKS CABLES REVELATION. THE BOURSES TOUCHED INTRADAY LOWS IN THE DYING HOURS OF SESSION AS THEY BREACHED THE CRUCIAL SUPPORT LEVELS. MARKET BREADTH REMAINED NEGATIVE.

TODAY MARKETS WOULD BE RANGE BOUND AND VOLATILE. IF NIFTY TRADES ABOVE 5425 THEN LIKELY TO MAKE AN UPMOVE TO 5455 LEVELS AND THEN TO 5475 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5500. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5379 THEN LIKELY TO COME DOWN TO 5350 LEVELS AND BELOW THIS POINT WOULD TAKE NIFTY FURTHER TO 5321 LEVELS AND ANY BREAK BELOW THIS POINT WOULD THEN TAKE NIFTY TO 5275 AND ANY CLOSE BELOW THE PREVIOUS CLOSE WE CAN SEE NIFTY TO SLIDE DOWN VERY FAST IN VERY SHORT SPAN OF TIME.

POSITIONAL TRADES
BUY AMTEK INDIA TGT 90/95

INTRADAY TIPS FOR 18 MARCH 2011

GOOD MORNING!!!

MARKETS GOT OFF TO A GAP DOWN START AS INVESTORS SQUARED OFF POSITIONS TRACKING DISCOURAGING LEADS FROM THE OVERNIGHT US MARKETS THOUGH THERE WAS SOME SENSE OF RECOVERY SEEN IN THE MARKETS WHICH WAS VERY SHORT LIVED AFTER THE KEY POLICY RATES HIT THE STREETS INVESTORS HAVE OPTED TO TAKE PROFITS OFF THE TABLE FROM RATE SENSITIVE SECTORS LIKE BANKS, AUTO AND REALTY. THE BOURSES AFTER TOUCHING INTRADAY LOWS IN THE DYING HOURS PARED SOME PORTION OF DECLINE TO EVENTUALLY SETTLE WITH LOSSES OF OVER A PERCENT. MARKETS CARRIED FORWARD THIS WEEK’S TREND OF CLOSING IN THE NEGATIVE TERRITORY AFTER EVERY POSITIVE CLOSE, WHICH HAS MADE INVESTORS FEEL VERY INSECURE.

TODAY MARKETS WOULD BE VERY RANGE BOUND AND VOLATILE. IF NIFTY TRADES ABOVE 5490 THEN LIKELY TO MAKE AN UPMOVE TO 5518 LEVELS AND ANY TRADE ABOVE THIS POINT WOULD TAKE NIFTY TO 5540 LEVELS. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5440 LEVELS THEN CAN DRAG NIFTY DOWN TO 5420 AND THEN TO 5394 LEVELS ANY TRADE BELOW 5400 IS CONSIDERED TO BE VERY WEAK AND CLOSE BELOW 5400 CAN LEAD NIFTY TO 5170 LEVELS.

INTRADAY TIPS FOR 17 MARCH 2011

GOOD MORNING!!!

MARKETS GOT OFF TO AN OPTIMISTIC START TRACKING REBOUND IN OTHER ASIAN MARKETS ON BARGAIN BUYING AND A FURTHER DECLINE IN CRUDE OIL PRICES. THE MARKETS CONTINUED TO TRADE FIRM THROUGH THE DAY’S TRADE THERE WAS CONTINUAL AND SUSTAINED BUYING IN SEVERAL FRONT LINE STOCKS AND ELEGANTLY RECOVERED MAJORITY OF THE PREVIOUS DAYS LOSSES AND MANAGED TO CROSS THE CRUCIAL RESISTANCE LEVELS. BUT AFTER SURPASSING THE CRUCIAL RESISTANCE LEVELS AND TOUCHING INTRADAY HIGHS IN THE LAST TRADING SESSION PARED SOME PORTION OF THEIR GAINS DUE TO REBOUND IN CRUDE OIL PRICES COUPLED WITH SOMBER CUES FROM THE EUROPEAN PEERS. EVENTUALLY MARKETS MANAGED TO PERFORM LARGELY IN LINE WITH ASIAN PEERS AND SETTLE WITH OVER A PERCENT GAIN. BREADTH OF THE MARKET REMAINED POSITIVE BUT THE VOLUMES WERE VERY BLEAK.

TODAY MARKETS WOULD BE NEGATIVE TRACKING WEAK US AND EUROPE CLOSING ALONG WITH WEAK OPENING IN ASIAN PEERS. NIFTY MAY BE UNDER CONTINUAL PRESSURE AS WE ALSO HAVE POLICY REVIEW FROM CENTRAL BANK. IF NIFTY TRADES BELOW 5518 THEN LIKLEY TO COME DOWN TO 5482 AND THEN BELOW THAT WE CAN SEE NIFTY AT 5450 LEVELS AND ANY TRADE BELOW 5440 WOULD DRAG NIFTY TO 5400 LEVELS, STAY CAUTIOUS AROUND 5440 LEVELS AS THIS IS A MINOR SUPPORT FOR NIFTY AND TRADE BELOW THIS LEVEL WOULD DRAG NIFTY TO 5400 LEVELS BUT ANY TRADE BELOW 5400 LEVELS WOULD DRAG NIFTY BELOW 5170 LEVELS IN A VERY SHORT TIME. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5550 THEN LIKLEY TO MAKE AN UP MOVE TO 5576 LEVELS AND ANY TRADE ABOVE 5576 WE CAN SEE AT 5600. STAY CAUTIOUS IN THE MARKET WE MAY HAVE GREAT VOLATILITY.

INTRADAY TIPS FOR 16 MARCH 2011

GOOD MORNING!!!

MARKETS GOT OFF TO A GAP DOWN START TRACKING THE DISAPPOINTING LEADS FROM JAPANESE MARKETS WHICH TOOK AN EXTREME DIVERGENCE OF OVER 12% AS THE NATION CONTINUE TO COPE WITH THE AFTERMATH OF LAST WEEK'S DEVASTATING EARTHQUAKE AND MASSIVE TSUNAMI FOLLOWED BY A NEW EXPLOSION RESULTING IN RADIATION LEAK AT THE FUKUSHIMA NUCLEAR POWER PLANT. INITIALLY MARKETS SLIPPED IN DEEP RED AND WITHIN FEW MINUTES OF IT STARTED GAINING THE MOMENTUM IN THE FRONT END STOCKS ON ROBUST BUYING ESPECIALLY IN RELIANCE COUNTER AND RECOVERD ALMOST 130 POINTS IN NIFTY AND MORE THAN 300 POINTS IN SENSEX BUT WITH THE EUROPE MOVING CONTINUOUSLY ON TO LOWER LOWS WHICH HAD BLEEDED ALMOST 6% MARKETS STARTED GIVING AWAY THE RECOVERED GAINS AND POSTED DECENT LOSSES ON THE INDICES. VOLUMES IN THE MARKETS WERE GOOD ENOUGH AND BREADTH REMAINED VERY WEAK FOR THE ENTIRE DAY BARRING VERY FEW STOCKS. THE ONLY MARKET WHICH GOT RECOVERED IN THE LAST DAYS TRADE AFTER THE INITIAL DOWNFALL WAS INDIAN MARKETS. BANKING AND REALITY ALONG WITH AUTO STOCKS WERE UNDER PRESSURE AHEAD OF RBI’S MID-QUARTERLY POLICTY REVIEW TOMORROW THE 17 MARCH 2011

TODAY WE MAY OPEN GAP OPENING TRACKING POSITIVE OPENING OF ALL ASIAN PEERS. IF NIFTY TRADES ABOVE 5460 LEVELS THEN LIKELY TO MAKE ITS UPMOVE TO 5486 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5514 LEVELS AND FURTHER TO 5565 LEVELS ANY CLOSE ABOVE 5518 IS A POSITIVE SIGN IN THE MARKET IN THE DAY AHEAD. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5440 THEN LIKELY TO COME DOWN TO 5409 AND ANY BREAK BELOW THIS POINT WOULD DRAG NIFTY TO 5378 AND ANY CLOSE BELOW 5400 IS A WEAK SIGN IN NIFTY AND WE MAY HEAD DOWN BELOW 5175 LEVEL IN A VERY SHORT TIME. ONE OF THE VERY CRUCIAL SUPPORT FOR NIFTY IS 5400 LEVELS, SO STAY CAUTIOUS AT THIS LEVEL AND ON THE UPSIDE NIFTY MAY RESIST 5500 LEVELS. STAY CAUTIOUS ON THE SECTORS LIKE AUTO, BANKING AND REALITY THESE MAY BE WEAK.