INTRADAY TIPS FOR 04 MAY 2011

GOOD MORNING!!!

MARKETS GOT TREMORS AND SHOCKWAVES ACROSS THE BOURSES AFTER THE RBI’S POLICY WAS ANNOUNCED, THE POLICY MADE DALAL STREET SIMPLY BLEED. WHICH HAS NOT ONLY TRIGGERED LOT OF SHORT POSITIONS IN THE MARKETS BUT ALSO HAS PROVOKED MARKET PARTICIPANTS TO RUTHLESSLY SQUARE OFF THEIR POSITIONS ESPECIALLY FROM RATE SENSITIVE COUNTERS. THIS IS STRAIGHT SEVENTH TRADING SESSION WHERE WE HAVE SEEN MARKETS TRAVELLING SOUTH WARDS IN EVERY PHASE OF TRADING SESSION IT SEEMED LIKE THERE IS NO END TO THE DECLINE IN THE MARKETS, THE RBI’S 50 BPS HIKE IN REPO AND REVERSE REPO RATES MARKED ITS NINTH ATTEMPT TO EASE THE SPIRALING INFLATIONARY PRESSURE ON THE ECONOMY. THE RBI POLICY HIGHLIGHTED ITS WORRIES OVER THE CURRENT LEVELS OF INFLATION WHICH IT FORECAST WILL REMAIN ELEVATED THRU THE FY 2012 AND PEGGED IT AT AROUND 6% WITH AN UPWARD BIAS. THE BANK RATE AND CRR RATES WERE LEFT UNCHANGED BY RBI, HOWEVER IT UNEXPECTEDLY HIKED SAVINGS BANK RATE TO 4% FROM 3.5%, WHICH PROMPTED INVESTORS TO TRIM DOWN THEIR POSITIONS FROM BANKING STOCKS AS THEY FEARED THAT INCREASE IN INTEREST RATES WILL PUT PRESSURE ON THE NET INTEREST MARGINS OF BANKS. MOREOVER, THE CENTRAL BANK HAS FORECAST INDIA’S ECONOMIC GROWTH TO BE IN THE RANGE OF 7.4% TO 8.5% SIGNIFICANTLY LOWER THAN THE FORECAST OF 9% BY PM'S ECONOMIC ADVISORY COUNCIL, WHICH SPOOKED THE INTERESTS OF FOREIGN INVESTORS TOO. THE FII’S CONTINUED TO PLOUGH BACK THEIR FUNDS FROM DOMESTIC MARKETS ON EXPECTATIONS THAT MACROECONOMIC HEADWINDS WILL EAT IN TO THEIR RETURNS IN THE TIME TO COME AND FORCE THE STOCK MARKETS TO UNDERPERFORM. INITIALLY MARKETS GOT OFF TO A PESSIMISTIC OPENING AS LOCAL INVESTORS REMAINED EXTREMELY CAUTIOUS AHEAD OF RBI’S ANNUAL MONETARY POLICY MEET WHILE LEADS FROM THE ASIAN AND OVERNIGHT US MARKETS TOO REMAINED UNSUPPORTIVE. THE FRONTLINE INDICES GYRATED IN AN EXTREMELY NARROW RANGE FOR THE FIRST COUPLE OF HOURS HOWEVER THE BOURSES WITNESSED AN INESCAPABLE FREEFALL THEREAFTER AS THE RATE SENSITIVE COUNTERS LIKE BANKING, AUTOMOBILE AND REAL ESTATE BRUTALLY DRAGGED THE FRONTLINE INDICES. IN A THE ABSENCE OF ANY SHORT COVERING RALLY, THE SOUTHBOUND JOURNEY CONCLUDED ONLY WITH THE CLOSE OF TRADING SESSION AROUND THE LOW POINT OF THE DAY AFTER TAKING A NASTY BLOW. MARKETS PLUMMETED ON EXTREMELY LARGE VOLUMES BREADTH OF THE MARKET REMAINED ABYSMAL

TODAY MARKETS WOULD OPEN NEGATIVE AND TRADE IN A RANGE BOUND. IF NIFTY TRADES BELOW 5560 THEN WOULD COME DOWN TO 5513 LEVELS AND BREACH BELOW THIS POINT WOULD TEST 5466 AND ANY BREAK IN BELOW THIS POINT WOULD WILL FIND SUPPORT ONLY AT 5375 LEVELS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5585 THEN LIKELY TO MOVE UP TO 5621 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5657 LEVELS. IF NIFTY RECOVERS ONE HAS TO BEAR IN MIND THAT THE LOWEST POINT OF THE DAY HAS BE BROKEN IN ORDER TO INITIATE FRESH SHORTS, THIS WOULD BE VERY CRUCIAL. THE BIGGEST CHALLENGE IN MARKETS IS, FII’S ARE NOW AT SELLING SPREE TILL THE TIME THEY COME FORWARD TO SHOW SOME INTEREST ONE IS ADVISED NOT TO HOLD TOO MANY OPEN POSITIONS ON THE POSITIVE SIDE.

INTRADAY TIPS FOR 03 MAY 2011

GOOD MORNING!!!

IT TURNED TO BE YET ANOTHER TUMULTUOUS DAY OF TRADE FOR THE INDIAN STOCK MARKETS WHICH GOT THRASHED FOR THE SIXTH STRAIGHT SESSION TO END. INDICES GOT OFF TO AN OPTIMISTIC OPENING AS LEADS FROM THE ASIAN MARKETS REMAINED SUPPORTIVE SINCE INVESTORS SHOWED RENEWED FERVOR AFTER REPORTS THAT AL QAEDA’S ELUSIVE LEADER OSAMA BIN LADEN IS DEAD AND HIS BODY WAS RECOVERED BY US AUTHORITIES. BUT THE FRONTLINE INDICES FAILED TO KEEP THEIR HEAD ABOVE THE WATER AND SLIPPED IN THE NEGATIVE TERRAIN IN JUST MATTER OF SECONDS AND CONTINUED TO BLEED THEREAFTER. THE BOURSES SHOWED SOME SIGNS OF RECOVERY IN THE LATE MORNING SESSION AMID A SLEW OF ECONOMIC LEADS BUT FAILED TO GAIN ANY KIND OF MOMENTUM AND DIVED YET AGAIN AND THIS TIME DEEPER INTO THE RED TERRITORY. VOLUMES WERE NOT OF GREAT CONCERN BUT THE MARKET BREADTH WAS WEAK.

TODAY MARKETS WOULD OPEN NEGATIVE AND CONTINUE TO BE UNDER PRESSURE UNTIL NIFTY CROSSES 5762 IS BROKEN ON THE UPSIDE FOR INTRADAY TERMS. IF NIFTY TRADES BELOW 5704 THEN LIKELY TO COME DOWN TO 5668 LEVELS AND ANY FUTHER BREACH BELOW THIS POINT WOULD TAKE NIFTY DOWN TO 5618 ANY CLOSE BELOW THIS LEVEL WOULD DIRCTLY TAKE SUPPORT AT 5578 LEVELS. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5762 THEN LIKELY TO MOVE UPTO 5787 AND THEN TO 5805 LEVELS AND ANY CLOSE ABOVE 5805 LEVELS WOULD ELEVATE NIFTY TO FURTHER UPSIDE. SINCE THERE IS RBI POLICY REVIEW TODAY THERE MAY BE VERY HIGH VOLATILITY OF TRADES TO TAKE PLACE SO AVOID TAKING HEAVY POSITIONS AND STICK WITH LITTLE WIDER STOPLOSS AND CONTINUE TO HOLD THE POSITION AND ONCE THE STOPLOSS IS HIT TRY TO REVERSE THE TRADE AND CONTINUE TO HOLD IF NIFTY TRADES POSITIVE AT THE END OF THE DAY THEN LIKELY TO TAKE-OFF FROM THAT LEVELS.

INTRADAY TIPS FOR 02 MAY 2011

GOOD MORNING!!!

MARKETS ARE BEING SLAUGHTERED, SESSION AFTER SESSION DUE TO FEEBLE CORPORATE EARNINGS ANNOUNCEMENT AND FRAGILE MACROECONOMIC BACKDROP. THE FRONTLINE INDICES PASSED THROUGH AN EXTREMELY UNSTABLE DAY THOUGH THEY MANAGED FEW BRIEF STINTS INTO POSITIVE TERRITORY ONLY TO SUCCUMB TO UNRELENTING PROFIT BOOKING BY INVESTORS. THOUGH THE FRONTLINE INDICES TRIED HARD TO KEEP THEIR HEAD ABOVE THE WATER IN THE MORNING SESSION BUT SELLING EMERGED ON EVERY ATTEMPT TO MOVE ABOVE THE NEUTRAL LINE AS CONTINUOUS DISAPPOINTING RESULT ANNOUNCEMENTS BY MAJOR COMPANIES HIT SENTIMENTS. INDICES SNAPPED THE FIRST DAY OF A NEW F&O SERIES ON A DISAPPOINTING NOTE AS JITTERY INVESTORS SEEMED HELPLESS AMID AN INCREASINGLY VULNERABLE DOMESTIC SETUP. ON ONE HAND SPIRALING INTERNATIONAL CRUDE OIL PRICES HAVE BECOME THE HEADACHE OF POLICYMAKERS WHILE ON THE OTHER WORRIES OVER GLOBAL ECONOMIC RECOVERY LOOM LARGE GIVEN THE FACT THAT WORLD’S BIGGEST ECONOMY CONTINUES TO GROW AT A TEPID PACE. MARKET PARTICIPANTS ALSO RESORTED TO BROAD BASED POSITION SQUARING IN RATE SENSITIVE COUNTERS LIKE REALTY AND BANKEX AS THEY FELT THAT RBI WILL NOW BE FORCED TO ADOPT MORE AGGRESSIVE STANCE IN ITS ANNUAL MONETARY POLICY REVIEW MEET ON MAY 3RD.

TODAY MARKETS WOULD OPEN FLAT AND RANGE BOUND AND WOULD BE UNDER TREMENDOUS PRESSURE AT EVERY INCLINE. IF NIFTY TRADES BELOW 5733 THEN WOULD DROP DOWN TO 5700 LEVELS AND ANY BREAK BELOW THIS POINT WOULD TAKE NIFTY TO 5668 AND THEN TO 5618 LEVELS AND ANY BREACH BELOW 5600 LEVELS WOULD TAKE NIFTY TO 5555 LEVELS. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5776 THEN WOULD TAKE NIFTY TO 5830 LEVELS AND BREAK ABOVE THIS POINT WOULD FURTHER TAKE NIFTY TO 5887 LEVELS. BE CAUTIOUS WHEN NIFTY IS ON THE UPSIDE AS EVERY POSSIBILITY THAT NIFTY MAY SLIDE DOWN IN TRADE SINCE WE HAVE MONETARY POLICY REVIEW TOMORROW. BANKING AND REALITY WOULD BE UNDER TREMENDOUS PRESSURE AND WE MAY SEE STOCK SPECIFIC MOVES IN THE MARKETS.

BUY ASIAN PAINTS SL 2768 TGT 2800/2822/2858
BUY TITAN INDS SL 3986 TGT 4100/4200/4300/4400

INTRADAY TIPS FOR 29 APRIL 2011

GOOD MORNING!!!

IT TURNED OUT TO BE ANOTHER PATHETIC TRADING SESSION FOR THE MARKETS WHICH GOT POUNDED BY AROUND A PERCENTAGE POINT ON THE SETTLEMENT DAY OF APRIL SERIES. THE KEY INDICES EXTENDED THE THREE DAY DECLINING STREAK FOR THE FOURTH CONSECUTIVE SESSION AS THE SELLING PRESSURE GATHERED GREATER MOMENTUM AFTER GOVERNMENT RELEASED THE DISAPPOINTING FOOD INFLATION NUMBERS WHICH STAYED ABSOLUTELY FLAT AT 8.76% ON ANNUAL BASIS DURING WEEK-ENDED APRIL 16 COMPARED WITH 8.74% RECORDED IN THE PREVIOUS WEEK. WITH THE DOWNWARD TREND OF FOOD INFLATION COMING TO A HALT IN RECENT WEEKS, AND CORE INFLATION SHOWING A CONSIDERABLE UPTIC IN THE MONTHS OF FEBRUARY AND MARCH 2010, INFLATION CONTINUES TO REMAIN AT HIGHLY UNCOMFORTABLE LEVELS, MAKING THE GROWTH-INFLATION MIX INCREASINGLY COMPLEX AND THE JOB OF RESERVE BANK OF INDIA (RBI) INCREASINGLY DIFFICULT. MARKET PARTICIPANTS RESORTED TO BROAD BASED POSITION SQUARING AS THEY FELT THAT RBI WILL NOW BE FORCED TO ADOPT MORE AGGRESSIVE STANCE IN ITS ANNUAL MONETARY POLICY REVIEW MEET ON MAY 3RD.

TODAY NIFTY WOULD OPEN FLAT TO NEGATIVE AND CONTINUE TO BE UNDER PRESSURE IN THE ENTIRE DAY. IF NIFTY TRADES BELOW 5787 THEN LIKELY TO COME DOWN TO 5710 LEVELS AND ANY BREACH WOULD DRIFT DOWN TO MUCH LOWER TO ALMOST 5600 LEVELS SO ONE HAS TO BE VERY CAUTIOUS IN THE MARKET IF NIFTY BREAKS BELOW 5700 LEVELS. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5830 THEN ONE CAN SEE SOME POSITIVE WAVE IN THE NIFTY AND CAN TAKE NIFTY TO 5876 LEVELS AND THEN TO 5900 LEVELS BUT NIFTY IS UNDER GOOD PRESSURE SO ONE HAS TO WAIT AND WATCH THAN GOING LONGS IN THE NIFTY.

INTRADAY TIPS FOR 28 APRIL 2011

GOOD MORNING!!!

INDICES GOT OFF TO A POSITIVE OPENING TRACKING POSITIVE LEADS FROM THE ASIAN MARKETS, UNDERPINNED BY OVERNIGHT WALL STREET RALLY, SUPPORTED BY GOOD EARNINGS NUMBER AND BETTER THAN EXPECTED US CONSUMER CONFIDENCE DATA. THE FRONTLINE INDICES TRIED HARD TO KEEP THEIR HEAD ABOVE THE WATER BUT CONSTANT DISAPPOINTING RESULT ANNOUNCEMENTS BY MAJOR COMPANIES WEIGHED DOWN SENTIMENTS. THE INDICES DRIFTED DEEPER INTO THE RED TERRAIN AS POSITION SQUARING IN REALTY AND BANKING STOCKS INTENSIFIED IN THE AFTERNOON TRADE. THE PERSISTENT WEAKNESS ON HEAVYWEIGHT COUNTERS SUCH AS RELIANCE INDUSTRIES AND ICICI BANK SOON DRAGGED THE MARKETS TO INTRADAY LOW LEVELS AND ALL ATTEMPTS TO PULL BACK FROM THOSE LEVELS WENT IN VAIN. THE BOURSES EVENTUALLY SNAPPED THE SESSION ON A PESSIMISTIC NOTE AND EXTENDED THE DECLINING STREAK FOR THE THIRD STRAIGHT SESSION. MARKET BREADTH REMAINED NEGATIVE.

TODAY NIFTY WOULD OPEN FLAT AND RANGE BOUND. IF NIFTY TRADES ABOVE 5850 THEN LIKELY TO MOVE UP TO 5882 AND THEN TO 5900 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5918 AND BREAK ABOVE THIS WOULD TAKE FURTHER UPSIDE IN NIFTY. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5830 THEN LIKELY TO TRADE DOWN TO 5800 LEVELS AND ANY BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5757 LEVELS, IF NIFTY BREAKS 5700 ON THE DOWNSIDE WE CAN SEE A VERY DEEP DRIFT IN NIFTY AND ON THE UPSIDE IF NIFTY BREAKS 6000 WE CAN SEE A GREAT SURGE. SO ONE SHOULD KEENLY WATCH 5700 AND 6000 BOTH ON DOWSIDE AND UPSIDE

BUY ONGC SL 310 TGT 313.60/315.80/317
BUY EDUCOMP SL 473 TGT 478/482/487
BUY TATA CHEM SL 388 TGT 393/396/402
BUY KAJARIA CERAMICS SL 83.50 TGT 86/88/90

INTRADAY TIPS FOR 27 APRIL 2011

GOOD MORNING!!!

INDICES GOT OFF TO A QUIET START AS INVESTORS REMAINED CAUTIOUS TRACKING ASIAN EQUITIES WHICH WITNESSED HEAVY BOUTS OF PROFIT BOOKING ON THE BACK OF THE MIXED CORPORATE EARNINGS ANNOUNCEMENTS ON OVERNIGHT WALL. THE INDICES SLIPPED DEEPER IN TO THE RED ZONE AFTER THE FLAT OPENING, AS ACROSS THE BOARD POSITION SQUARING GATHERED MOMENTUM IN THE MORNING TRADE. HOWEVER, AFTER HITTING INTRADAY LOW LEVELS IN THE EARLY AFTERNOON SESSION THE MARKETS STAGED A SMART RECOVERY AND EVEN WENT ON TO STEAL A LOOK INTO THE GREEN TERRITORY TRACKING POSITIVE TRIGGERS FROM EUROPEAN MARKETS AND BETTER THAN EXPECTED RESULTS FROM THE CEMENT MAJORS AND REBOUND IN TELECOM STOCKS RESULTED IN SENTIMENT TURNAROUND AS INVESTORS COVERED SHORT POSITIONS NOT ONLY IN ACC, ULTRATECH BHARTI AIRTEL AND RCOM BUT ALSO IN BANKING AND AUTO HEAVYWEIGHTS LIKE SBI, ICICI BANK, TATA MOTORS AND BAJAJ AUTO, BUT SLIGHT PROFIT BOOKING IN A FEW BLUE-CHIP STOCKS IN THE DYING MOMENTS LED THE BOURSES TO EVENTUALLY SNAP THE SESSION ON A FLAT NOTE WITH A NEGATIVE BIAS. MARKETS HAVE REGISTERED VERY STRONG VOLUMES ON THE SECOND DAY OF F&O EXPIRY WEEK BUT BREADTH OF THE MARKET STILL REMAINED NEGATIVE.

TODAY MARKETS WOULD OPEN POSITIVE AND RANGE BOUND. IF NIFTY TRADES ABOVE 5900 THEN LIKLEY TO MOVE UP TO 5940 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6000 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO MUCH HIGHER LEVELS. AS 6000 LEVELS BEING VERY CRUCIAL ONE CAN LOOK AT SHORTING NIFTY WHEN NIFTY IS JUST BELOW 6000 LEVELS WITH A STOPLOSS OF 6000. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5876 THEN LIKELY TO MAKE ITS JOURNEY DOWNWARDS TO 5833 AND THEN TO 5800 AND ANY BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 5760 LEVELS. SINCE WE ARE IN THE LAST LEGS OF EXPIRY FOR THIS MONTH WE MAY SEE VERY VOLATILE AND CRAZY MOVEMENT IN THS MARKETS. STAY CAUTIOUS.

BUY APIL SL 621 TGT 640/650/670
BUY TRIVENI SL 107.75 TGT 110/112/114
BUY VIKASH METAL & POWER SL 17.60 TGT 18.70/19.30/20.50
BUY UFLEX SL 200 TGT 211/218/228*
BUY VENKYS (I) SL 719 TGT 750/770/800*
BUY JINDAL SAW SL 209 TGT 211.80/213.70/217*

INTRADAY TIPS FOR 26 APRIL 2011

GOOD MORNING!!!

INDICES GOT OFF TO A QUIET OPENING AS CAUTIOUS INVESTORS LACKED CONVICTION TO PILE UP POSITIONS LACKING SIGNIFICANT LEADS. BELOW EXPECTATION FIGURES FROM INDEX HEAVY-WEIGHT RELIANCE INDUSTRIES AND AXIS BANK DURING THE WEEKEND DRAGGED THE MARKET IN THE RED INITIALLY HOWEVER; THE BOURSES WENT AHEAD TO TEST THE 5,900 LEVELS WHICH ONCE AGAIN PROVED AS A STIFF RESISTANCE FOR THE INDICES AS THE MARKET GAVE UP SOME GAINS WITH A FEW BLUE-CHIP STOCKS RETREATING ON PROFIT TAKING. THEREAFTER THE INDICES TRADED IN A STIFF RANGE AROUND THE NEUTRAL LINE BUT SOON AFTER SENTIMENTS GOT WEIGHED DOWN IN THE DYING HOURS OF TRADE AS UPDATES FROM THE 2G CASE TRIAL HIT HEADLINES PROMPTING INVESTORS TO BOOK PROFITS IN SCAM LINKED SHARES LIKE RCOM, UNITECH AND DB REALTY, SOME POSITION SQUARING IN THE LATE HOURS EVENTUALLY BROUGHT THE INDICES MARGINALLY BELOW PREVIOUS CLOSE. THOUGH THE VOLUMES WERE VERY LESS THE BREADTH OF THE MARKET REMAINED NEGATIVE.

TODAY NIFTY WOULD OPEN FLAT TO NEGATIVE AND RANGE BOUND, NIFTY TO BE UNDER PRESSURE ON EVERY INCLINE. IF NIFTY TRADES BELOW 5885 THEN LIKELY TO COME DOWN TO 5857 LEVELS AND BREACH BELOW THIS LEVEL WOULD DRAG DOWN NIFTY TO 5840 LEVELS AND FURTHER BREACH OF THIS LEVEL WOULD WEAKEN NIFTY AND HEAD TOWARDS 5800 LEVELS, ONE CAN STAY SHORT IF NIFTY BREACHES 5840 LEVELS AND TRADES AND IF NIFTY CLOSES BELOW 5840 ONE CAN RETAIN SHORTS FOR THE NEXT TRADING DAY. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5930 ONLY THEN ONE IS ADVISED TO GO LONG AND ABOVE 5930 NIFTY LIKELY TO MOVE UP TO 6000 AND MAY FACE TOUGH RESISTANCE OVER THERE AND ONCE IF 6000 LEVELS ARE BROKEN THEN WE CAN SEE NIFTY TO MOVE UP MORE THAN 400 POINTS FROM THERE ON. ONE CAN GO SHORT AT HIGHER LEVELS AS THERE IS EVERY CHANCE OF DECLINE ON THE FOLLOWING REASONS
1. CRUDE SURGING, OIL PRICE LIKELY TO INCREASE PHENOMENALLY
2. RESULTS NOT REALLY VERY GREAT ACROSS MANY OF THE COUNTERS.
3. RBI LIKELY TO INCREASE THE RATES DURING ITS POLICY MEET IN THE FIRST WEEK OF MAY
4. INFLATION LIKELY TO SURGE ON ACCOUNT OF FUEL PRICE INCREASE.
5. POLITICAL ISSUES.
ONE IS ADVISED TO STAY CAUTIOUS ON THE LONGS CONSIDERING THE ABOVE FACTORS.

BUY THOMAS COOK SL 61 TGT 63/64/66
BUY WELSPUN (I) SL 63.50 TGT 66.90/68.70/71.85
BUY TRF SL 626 TGT 666/694/735