INTRADAY TIPS FOR 30 MARCH 2011

GOOD MORNING!!!

INDICES GOT OFF TO A SOFT START TRACKING SUBDUED LEADS FROM ACROSS ASIA WHERE INVESTORS REMAINED ON THE SIDELINES DUE TO THE WEAKNESS IN OVERNIGHT US MARKETS WHICH WITHERED DESPITE SOME GOOD ECONOMIC REPORTS AS TRADERS REMAINED APPREHENSIVE OVER JAPAN'S NUCLEAR CRISIS AND VIOLENCE IN THE MIDDLE EAST AND NORTH AFRICA. THEREAFTER, THE INDICES GRADUALLY KEPT GATHERING MOMENTUM THROUGH THE DAY’S TRADE AS INVESTORS CONTINUED TO AGGRESSIVELY PILE UP POSITIONS IN BEATEN DOWN BLUE CHIP STOCKS. INVESTORS’ EXHILARATION IS SHOWING NO SIGNS OF WANING ANY TIME SOON IN THE INDIAN STOCK MARKETS AND THE FRONTLINE STOCKS HIT THE INTRADAY HIGH LEVELS IN THE LATE HOURS OF SECOND HALF HOWEVER THE BENCHMARKS CAME OFF THE DAY’S HIGH LEVEL IN DYING HOURS OF TRADE AS INVESTORS BOOKED PARTIAL PROFITS TWO DAYS AHEAD OF THE MARCH F&O SERIES EXPIRY. EVENTUALLY THE BOURSES SNAPPED SIXTH STRAIGHT SESSION IN THE POSITIVE TERRAIN AND SAILED WELL BEYOND PSYCHOLOGICAL LEVEL OF 5700. THOUGH THE TURNOVER WAS GOOD THE VOLUMES WERE EQUALLY GREAT ACROSS THE BOARD BUT THE BREADTH OF THE MARKETS REMAINED NEGATIVE.

TODAY MARKETS WOULD OPEN POSITIVE TRACKING STRONG OVERNIGHT CLOSING IN US MARKETS AND POSITIVE OPENING IN THE ASIAN INDICES, ONE SHOULD TRY TO AVOID BUYING FOR TODAY AND TOMORROW AND CAN START AFRESH AS THE CONTRACT IS GOING TO EXPIRE TOMORROW WE MAY SEE GOOD AMOUNT OF VOLATILITY IN THE MARKETS. WE MAY SEE GREAT AMOUNT OF VOLATILITY IN THE MARKETS AHEAD OF EXPIRY. THERE IS EVERY CHANCE OF MARKETS TO BEHAVE VERY ERRATIC STAY CAUTIOUS. TODAY IF NIFTY TRADES ABOVE 5775 THEN LIKELY TO MOVE UP TO 5800 AND ANY CLOSE ABOVE 5800 WOULD TAKE NIFTY TO 5820 THERE IS EVERY POSSIBILITY TO MOVE IN A NARROW RANGE IN THE DAY. ON THE DOWNSIDE IF NIFTY TRADES BELOW 5740 THEN LIKELY TO COME DOWN TO 5714 AND THEN TO 5686 LEVELS. IF NIFTY TRADES BELOW 5686 THEN LIKELY TO COME DOWN TO 5650 LEVELS. ANY CLOSE BELOW 5650 LEVELS WOULD DRAG NIFTY FURTHER DOWN.

INTRADAY TIPS FOR 29 MARCH 2011

GOOD MORNING!!!

THE MARKETS GOT OFF TO A SUPPLE START AS FRESH WORRIES OVER HIGH LEVELS OF RADIATION IN JAPAN EMERGED WHICH DELAYED EFFORTS TO STABILIZE A CRIPPLED NUCLEAR POWER PLANT AND INFERIOR THEN EXPECTED EARNINGS REPORTED BY SOME BLUE CHIPS COMPANIES WEIGHED ON CAUTIOUS INVESTOR MOOD. AFTER HITTING INTRADAY LOWS AND WITH THE EMERGENCE OF BUYING INTEREST IN BLUE CHIPS AND FERTILIZER STOCKS MARKETS YET AGAIN ROSE TO FRESH INTRADAY HIGHS. HOWEVER, THE SESSION LARGELY REMAINED CHARACTERIZED BY CHOPPINESS AS INVESTORS SEEMED RELUCTANT TO PILE UP HEFTY POSITIONS AFTER THE RECENT OVER FIVE PERCENT RALLY.

TODAY MARKETS WOULD OPEN FLAT TO NEGATIVE AS MARKETS ARE ALMOST REACHED A POINT WHERE IT IS DIFFICULT TO MOVE FROM HERE ON WITHOUT GREAT VOLUMES AND 5740 BEING ONE OF THE TOUGHEST RESISTANCE OF ALMOST MANY MONTHS MAY BE WE MAY FACE THAT AS TOUGH RESISTANCE FOR TIME BEING TILL THE VOLUMES SUPERSEDE. IF NIFTY TRADES ABOVE 5740 ONLY THEN ONE IS ADVISED TO GO LONG ON THE CLOSING BASIS AND IT IS WISE TO AVOID GOING LONG AS WE ARE AT THE VERGE OF CLOSING THE CURRENT MONTH CONTRACT IN ANOTHER COUPLE OF DAYS, ONE CAN KNOW THE CORRECT TREND ONCE THE CONTRACT OF THE CURRENT MONTH CLOSES. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5684 THEN LIKELY TO COME DOWN TO 5665 AND THEN BREACH BELOW THIS POINT WOULD TAKE NIFTY TO 5640 LEVELS AND ANY BREACH BELOW THIS POINT WOULD DRAG NIFTY TO 5609 LEVELS. STAY CAUTIOUS FOR THESE THREE DAYS AS THE VOLATILITY WOULD DRIVE THE MARKETS CRAZY.

BUY CHENNAI PETRO SL 216 TGT 223/227/232 BUY IDFC SL 158 TGT 161/162.7/164.30

INTRADAY TIPS FOR 28 MARCH 2011

GOOD MORNING!!!

INDICES GOT OFF TO A POSITIVE START AS INVESTORS PILED UP POSITIONS TRACKING BUOYANT LEADS FROM AMERICAN OVERNIGHT MARKETS WHICH WENT FOR A SMART RALLY ON THE BACK OF CONFIDENT CORPORATE EARNINGS AND SIGNS OF A STRONGER JOB MARKET. FRONT END STOCKS INITIALLY TRADED IN A NARROW RANGE IN THE FIRST HALF OF THE SESSION, IT AND CAPITAL GOODS WERE VERY PROMINENT IN THE GAINERS LIST. HOWEVER, BUYING CAUGHT UP IN THE SECOND HALF OF THE SESSION WITH BANKING AND SOFTWARE COMPANIES OUT PERFORMING WHICH EVENTUALLY TOOK BEYOND PSYCHOLOGICAL LEVELS IN BOTH THE INDICES. BREADTH OF THE MARKETS WAS EXTREMELY BULLISH AND VOLUMES IN THE MARKETS WERE VERY GOOD.

TODAY MARKETS LOOK FLAT AND RANGE BOUND TRACKING ASIAN INDICES WHICH ARE TRADING IN NEGATIVE TERRITORY. IF NIFTY TRADES ABOVE 5600 THEN LIKELY TO MAKE AN UPMOVE TO 5718 AND THEN TO 5750 AND TRADE ABOVE THIS LEVEL WOULD TAKE NIFTY TO 5789 LEVELS, ONE HAS TO BE EXTREMELY CAREFUL FROM 5750 LEVELS AS THERE IS EVERY CHANCE OF MARKET CORRECTING FROM THERE ON. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5675 THEN LIKELY TO COME DOWN TO 5642 LEVELS AND BREACH BELOW THIS POINT WOULD TAKE NIFTY TO 5615 LEVELS AND ANY CLOSE BELOW 5600 WOULD DRAG NIFTY TO 5570 LEVELS. STAY CAUTIOUS IN THE MARKETS.

INTRADAY TIPS FOR 25 MARCH 2011

GOOD MORNING!!!

YET ANOTHER STABLE DAY WHERE INDICES GOT OFF TO A GAP UP START AS LEADS FROM THE GLOBAL FRONT UNDERPINNED REGIONAL SENTIMENTS ALONG WITH THE MARGINAL DROP IN CRUDE OIL PRICES FILLIPED INVESTORS’ MOOD. INDICES TRADED IN A NARROW BAND THROUGH THE DAY’S TRADE AND HELD THE CRUCIAL SUPPORT LEVELS IN THE NIFTY FOR THE ENTIRE DAY EVEN THOUGH THERE WAS SUDDEN DECLINE IN THE AFTERNOON BUT SUSTAINED BUYING INTERESTS HAS LED THE INDICES TO CLOSE AT THE HIGHER HIGHS OF THE DAY, EVEN THOUGH THERE WAS AN INCLINE OF AROUND 50 POINTS IN NIFTY WITH BREADTH BEING POSITIVE THE VOLUMES IN THE NIFTY WERE THE LEAST SINCE 04 JAN 11.

TODAY MARKETS WOULD OPEN POSITIVE AND REMAIN IN POSITIVE TERITORRY, IF NIFTY OPENS ABOVE 5555 THEN LIKELY TO MOVE UP TO 5576 AND MOVE ABOVE THIS POINT WOULD TAKE NIFTY TO 5585 LEVELS, IF NIFTY TRADES ABOVE 5600 THEN LIKLEY TO MOVE UP BY ANOTHER 50 POINTS ELSE 5600 WOULD ACT AS TOUGH RESISTANCE. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5520 LEVELS LIKELY TO DECLINE TO 5500 LEVELS AND BREAK BELOW THIS POINT WOULD DRAG NIFTY TO 5465 LEVELS AND ANY TRADE BELOW 5450 WOULD WEAKEN THE MARKETS.

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.