INTRADAY TIPS FOR 29 MAY 2009

MARKET YESTERDAY ON EXPIRY OPEN IN A WEAK NOTE WITH ASIAN MARKETS BUT REGAINED ITS STRENGTH, MARKET ENDED UP STRONGLY ON A POSITIVE NOTE WITH BANKING AND METALS DOING GREAT. AS FAR AS OTHER SECTORS ARE CONCERNED THEY ALL REMAINED IN HIGHLY CONSOLIDATION PHASE. MARKETS ON THE BROADER SENSE LOOKING VERY STRONG BUT MAY TAKE LITTLE CORRECTION AROUND 15000- 15500 LEVELS IN SENSEX AND 4500-4600 IN NIFTY.

TODAY MARKETS WILL FACE RESISTANCE AROUND 4400 LEVELS BUT IF IT MANAGES TO CROSS IT AND TRADE THEN CANNOT RULE OUT THE NIFTY MAY EVEN TOUCH 4450 IN TODAYS TRADE ITLSELF BUT ONE SHOULD REMAIN CAUTIOUS FROM THIS LEVEL ONWARDS AS 4500 BEING THE STRONG RESISTANCE. ON THE LOWER SIDE MARKET IS BEARISH ONLY BELOW 4180. TRY TO EXIT YOUR HOLDINGS WHEN NIFTY IS AROUND 4500 AND PLAY ONLY ON INTRADAY BASIS.

BUY BHARTI AIRTEL ABOVE 793 SL 779 TGT 810/818
BUY RANBAXY FUTURES ABOVE 268 SL 264 TGT 274/279
BUY STER ABOVE 610 SL 599 TGT 624/632
BUY ARVIND MILLS ABOVE 32 SL 31.25 TGT 34.3/36.25

INTRADAY TIPS FOR 28 MAY 09

GOOD MORNING!!!!

YESTERDAY WE HAVE WITNESSED A VERY HUGE GAP UP OPENING WHICH HAS REVERSED THE NEGATIVE EFFECT OF THE MARKET WHICH WAS CROPPING IN. AFTER YESTERDAYS MOVE NIFTY TURNED BACK TO ITS NORMAL BULLISH ZONE AND CONTINUE TO REMAIN STRONG TILL IT BREACHES THE CRUCIAL LEVELS, ONE IS ADVISED NOT TO SHORT ANYTHING IN THIS MARKET UNLESS IT BREAKES CRUTIAL SUPPORTS AND TRADES, WE HAVE SEEN IN THE LAST 2 WEEKS NIFTY HAS BROKEN CRUCIAL SUPPORTS AND THE VERY NEXT DAY IT HAS TURNED AGAIN BULLISH SO REMAIN CAUTIOUS ON THE SHORTER SIDE AS MARKET IS STRONG STRUCTURALLY.

MARKETS WOULD BE HIGHLY RANGE BOUND AS TODAY IS THE FINAL DAY OF EXPIRY OF THE CONTRACTS ONE HAS TO TRADE WITH VERY LOW VOLUMES AND WITH STRICT STOPLOSSES. TODAY NIFTY MAY FACE SUPPORT AT 4240-4220-4200-4180 AND RESISTANCE AT 4290-4330-4370-4400.

BUY RELINFRA ABOVE 1285 SL 1274 TGT 1300/1310
BUY MRPL ABOVE 76.50 SL 74.45 TGT 79/81
BUY BRFL ABOVE 229 SL 226 TGT 235/244
BUY STER FUTURES ABOVE 590 SL 583.90 TGT 600/605
BUY ARVIND MILLS ABOVE 32.50 SL 31.20 TG T 35/37

INTRADAY TIPS FOR 27 MAY 09

WE HAVE SEEN SOME GOOD MOVE IN THE GLOBAL MARKETS LAST DAY AND ALL THE ASIAN MARKETS MOVED UP IN THE MORNING THIS MAY PUT A PAUSE TO OUR JUST TURNED NEGATIVE MARKETS, TODAY MARKETS SEEM TO GO UP WITH THE NEWS OF GLOBAL MARKETS. ONE SHOULD REMAIN VERY CAUTIOUS IN THIS MARKET AS THE SETTLEMENT IS TOMORROW WE MAY SEE SOME STOCK SPECIFIC MOVES AND MARKET MAY BE VERY VIOLENT.

YESTERDAY WE HAVE SEEN NIFTY BREAKING DOWN THE CRUCIAL SUPPORT ONE CAN REMAIN SHORT ON THE LONG TERM BASIS KEEPING A STOPLOSS OF 4265 ON NIFTY AND ON INTRADAY BASIS IF NIFTY BRAKES 4140 THEN WE CAN SEE NIFTY TO TOUCH 4190 IN INTRADAY DONT UNWIND SHORT POSITIONS TILL 4265 IS BREACHED. ON THE DOWNSIDE ONE CAN SEE NIFTY TO TOUCH 4000 LEVELS IF IT BREAKS 4090. FOR TODAY NIFTY LEVELS ARE R2-4314 R1-4214.13 PIVOT 4152.07 S1-4052.18, S2 -3990.12.

BUY HEROHONDA ABOVE 1348 SL 1335 TGT 1369/1380
BUY INFOSYS ABOVE 1545SL 1539 TGT 1565/1585
BUY RELINFRA 1132 SL 1120 TGT 1148/1159
BUY HDIL ABOVE 265 SL 259 TGT 271/277/281
SELL ADLABS ONLY BELOW 315 SL 321 TGT 306/301
SELL EVERONN BELOW 327 SL 331 TGT 321/316

MARKET CALL INTRADAY 26.05.09

SELL BANK NIFTY AT 7070 SL 7116 7000/6960

INTRADAY TIPS FOR 26 MAY 2009

MARKETS ARE STILL IN THE PHASE OF CONSOLIDATION AHEAD OF EXPIRY, MARKETS WOULD STILL REMAIN IN THIS PHASE FOR ANOTHER COUPLE OF DAYS, ONE OF THE STRONG POINT OF THIS MARKET IS INDICES ARE HOLDING THE CRUCIAL SUPPORT LEVELS. AS THE MARKET BREADTH IS POSITIVE A LITTLE DOWNSIDE IS ALWAYS CONSIDERED TO BE A BUYING OPPORTUNITY TILL IT BREAKES CRUCIAL SUPPORT LEVELS SO KEEP BUYING IN THE MARKET ON THE DOWNSIDE BUT TRY TO BUY LESS QUANTITY. THOUGH THE MARKETS ARE NOT MOVING MUCH THERE IS STOCK SPECIFIC MOVES IN THE MARKET.

MARKETS WOULD REMAIN HIGHLY VOLATILE WITH NEGATIVE BIAS TILL IT CROSSES 4260 IF NIFTY CROSSES THIS LEVEL THEN WE CAN SEE IT TO 4290 AND IF IT BREAKS 4220 MAY SEE NIFTY TO 4190 IF NIFTY CLOSES BELOW 4190 THEN ONE CAN REMAIN SHORT IN THE NIFTY. FOR TODAY THE CRUCIAL SUPPORT FOR NIFTY IS 4190 AND RESISTANCE AT 4400.

BUY TATAPOWER ABOVE 1075 SL 1067 TGT 1084/1089
BUY TATASPONGE ABOVE 229 SL 224 TGT 240/254
BUY HERITAGE FOODS ABOVE 68 SL 65.40 TG T 71/74
BUY NATIONAL ALUMINIUM ABOVE 347 SL 342 TGT 355/368
BUY JINDAL PHOTO ABOVE 144 SL 132 TGT 220 (FORGET FOR 10 TRADING DAYS)
SELL CAIRN FUTURES AT 215 SL 220 TGT 209/205
SELL BHARTI BELOW 810 SL 816 TGT 797/786
OPTIONS BUY ITC JUNE CALL OF 190 AT Rs 10 AND SELL 200 CALL OF JUNE AT 6.50

INTRADAY TIPS FOR 25 MAY 09

AS SAID MARKETS ARE IN THE PHASE OF CONSOLIDATION AND REMAIN TO BE IN THIS PHASE FOR ANOTHER COUPLE OF DAYS TILL THE EXPIRY AND WE MAY SEE SOME SHARP MOVE EITHER ON UPSIDE OR DOWNSIDE. STRUCTURALLY MARKET LOOKS VERY BULLISH, SHORT ONLY THE COUNTERS WHICH ARE WEAK AND THAT TOO ONLY WHEN THE MARKETS BREACH CRUCIAL SUPPORT LEVELS.

TODAY MARKET WOULD REMAIN RANGE BOUND WITH NEGATIVE BIAS BUT SMALL AND MID CAP STOCKS ARE LOOKING GOOD. DO NOT CARRY LOT OF POSITIONS. BUYING ON DIPS IS ADVISABLE AS MARKETS ARE NOT LOOKING WEAK AT ALL. FOR TODAY IF MARKET BRECHES 4200 MAY HEAD TOWARDS 4160 THEN TO 4100 ELSE MARKET WOULD REMAIN RANGE BOUND AND HEAD TOWARDS 4300.

SELL PNB BELOW 659 SL 666 TGT 645

SELL ICICI BELOW 695 SL 706 TGT 682

SELL HDFC BELOW 2125 SL 2144 TGT 2092

BUY EVERYDAY ABOVE 33 SL 30 TGT 36-39

BUY IFCI ABOVE 46.50 SL 43 TGT 50

BUY RNRL ABOVE 76.50 SL 74.70 TGT 78.50/81.5

INTRADAY TIPS FOR 22 MAY 09

MARKETS ARE LOOKING IN THE PHASE OF CONSOLIDATION AND MAY CONTINUE IN THIS PHASE OF CONSOLIDATION ANOTHER COUPLE OF DAYS BUT IF MARKET BREACHES CRUCIAL SUPPORT LEVELS THEN WE MAY SEE INDEX TO FALL AND PROFIT BOOKING CAN BE SEEN IN THE DOWNSIDE AND LEVELS OF INDICIES MAY MOVE FURTHER DOWNSIDE.

TODAY MARKET WOULD BE VOLATILE WITH NEGATIVE BIAS WOULD REMAIN IN RANGE BOUND TILL IT BREACHES 4160 IF THIS LEVEL IS BREACHED THEN WE CAN SEE NIFTY TO TOUCH 4130 AND IF NIFTY MANAGES TO CLOSE BELOW 4160 THEN WE CAN SEE 4000 ON CARDS IMMEDIATELY. NIFTY RESISTANCE AT 4338 AND SUPPORT AT 4108

BUY ROLTA 102.50 TO 104 SL 98 TGT 108/112/116
SELL RELIANCE AT 2110-2115 SL 2140TGT 2085/2061
SELL SBIN AT 1700 SL 1726 TGT 1675/1657
SELL AXIS AT 740 SL 751 TGT 715/705/674