INTRADAY TIPS FOR 05 JUNE 2009

GOOD MORNING!!!

AS EXPECTED YESTERDAY MARKETS HAVE HIT THE FIRST TARGET OF NIFTY AT 4460 WHICH WAS THE CRUCIAL SUPPORT FOR NIFTY. THOUGH THE MARKET REVERSAL ON CARDS WAS NOT PURELY ON SUPPORT BASIS BUT ON THE NEWS BASED IT WAS PURELY ON THE DIVESTMENT NEWS. THERE IS NO GREAT NEWS IN THE MARKET FOR THE PAST COUPLE OF MONTHS EXCEPT THE FORMATION OF NEW GOVERNMENT WITH THE SAME OLD PARTY AND WITH SAME OLD GRAND FATHERS EXCEPT FULL MAJORITY, THERE IS NEITHER A GREAT CHANGE IN THE WORLD ECONOMY NOR THE INDIAN ECONOMY. ONE HAS TO BE VERY CAUTIOUS AFTER A NON STOP MOVE FROM 2700 TO 4600 WHICH IS AROUND 2000 POINTS IN NIFTY WHICH IS CONSIDERED TO BE A VERY VERY VERY HIGH SPIKE AT A GO, SO WOULD ADVICE INVESTORS TRADERS TO STAY CAUTIOUS.

FOR TODAY NIFTY ON THE UP SIDE MAY TEST 4578 AND IF MANAGES TO TRADE ABOVE THEN WILL MOVE TO 4626 AND ON THE DOWNSIDE IF NIFTY WILL FACE SUPPORT AT 4480 AND IF MANAGED TO BREAK BELOW THIS LEVEL THEN CAN EXPECT NIFTY TO SEE GREATER SUPPORT AT 4432 ONE CAN INITIATE SHORT IF NIFTY BREACHES 4480. PHARMA STOCKS AND POWER STOCKS ARE LOOKING GOOD.

BUY NEYVELLIGNITE AT 139 SL 137.40 TGT 142.9/145.40
BUY ACC ABOVE 832 SL 828.70 TGT 845/852
BUY TATACOMM ABOVE 527 SL 517 TGT 540/555
SELL SESAGOA BELOW 162.50 SL 164.10 TGT 158.60/155.10
SELL M&M BELOW 683 SL 691.75 TGT 665/653

INTRADAY TIPS FOR 04 JUNE 2009

GOOD MORNING!!!!!

ANOTHER IMPORTANT DAY IN THE STOCK MARKET, THESE ARE THE CRUCIAL LEVELS IN THE MARKETS, INDICIES MAY TEST GOOD RESISTANCE AT THE CURRENT LEVELS. YESTERDAY SENSEX HAS HIT 15000 MARK AND COULD NOT SUSTAIN MUCH LONGER WHICH IS A CRUCIAL LEVEL FOR THE MARKETS. FOR NIFTY CRUCIAL SUPPORT IS AT 4460 ONCE NIFTY BREACHES THIS LEVEL AND TRADES BELOW IT THEN ONCE CAN EXPECT MARKET TO COME DOWN MUCH MORE. ANY FURTHER UPMOVE IN THIS MARKET SHOULD BE PRECIDED BY AT LEAST SOME CORRECTION FROM THE PRESENT LEVELS. ONE HAS TO BE VERY CAUTIOUS ON THE LONGER TERM BET AT THIS SITUATION. SENSEX IF MANAGES TO GO BEYOND 15000 AND CLOSES THEN ONE CAN EXPECT IT TO MOVE UP BY ANOTHER 500 POINTS TO 15500 AND NIFTY BY ANOTHER 150 POINTS TO 4800 TO THE MAXIMUM AND ON THE DOWNSIDE THE TARGET LOOKS MUCH HIGHER THAN EXPECTED, MARKET MAY NOT GIVE ANY CHANCE TO BOOK PROFITS IF IT STARTS FALLING SO, BE CAUTIOUS IN THE MARKET ON YOUR HOLDINGS TOO. IF MARKET BREACHES 4460 IN NIFTY THEN I WOULD SUGGEST TO EXIT YOUR LONGS TO THE MAXIMUM ON THE CLOSING BASIS.

FOR TODAY MARKETS WOULD BE HIGHLY VOLATILE WITH NEGATIVELY BIASED WE MAY SEE SOME PROFIT BOOKING ON THE FRONT END STOCKS AND THERE WOULD BE LITTLE UPMOVE ON THE STOCK SPECIFIC COUNTERS IN THE MIDCAPS. BANKING SECTOR LOOKS WEAK AND FMCG IS LOOKING GOOD. TODAY IF NIFTY BREACHES 4518 THEN WE CAN SEE NIFTY AT 4460 AND IF MANAGES TO TRADES BELOW IT THEN WE CAN SEE NIFTY AT 4388 AND ON THE UPPER SIDE IF NIFTY MOVE ABOVE 4550 THEN RESISTANCE WOULD COME AROUND 4590 LEVELS. RISK ON THE BUYING SIDE IS MORE WHEN COMPARED TO SELLING SIDE SO STAY LITTLE CAUTIOUS, TRADE WITH STRICT STOPLOSS. DO NOT AVERAGE YOUR POSITIONS ON THE BUYING SIDE. IF YOU ARE A RISKY TRADER BUY FEW PUTS AND RETAIN THEM.

BUY YESBANK ABOVE 135 SL 131.20 TGT 139/144
BUY SUNTV ABOVE 273 SL 269.40 TGT 280/284/292
BUY DCHL ABOVE 85.50 SL 83.90 TGT 89/92
BUY GRASIM ABOVE 2305 SL 2274 TGT 2334/2365/2379
SELL ALLAHABAD BANK BELOW 86 SL 87.60 TGT 83.70/82.10
SELL BANK OF BARODA BELOW 421 SL 426.15 TGT 416/411
SELL BATA BELOW 146 SL 148.60 TGT 143.50/141/136
SELL BANK NIFTY BELOW 7270 SL 7311 TGT 7170/7035/6900

INTRADAY TIPS FOR 03 JUN 2009

GOOD MORNING!!!!

MARKETS ARE NOT GIVING UP AT ANY STAGE THOUGH THEY ARE IN OVER BOUGHT REGION. YESTERDAY EVEN AFTER BEING IN NEGATIVE SIDE FOR THE WHOLE DAY MARKETS WERE UP IN JUST MATTER OF MINUTES, SO ONE SHOULD STAY CAUTIOUS AND BE WITH THE TREND IF YOU ARE WITH THE TREND YOU ARE LIKELY TO BE THE WINNER DONT PRIDICT THE MARKET JUST GO WITH IT. MARKETS ARE LOOKING VERY BULLISH BUT ONE SHOULD STAY CAUTIOUS ABOUT THEIR HOLDINGS. DONT CARRY ANY SHORTS AS MARKETS ARE NOT GIVING ANY CHANCE FOR BEARS ONLY SHORT ANYTHING WHEN YOU GET CONFIRMATION OF CORRECTION. THERE ARE STILL FEW GOOD STOCKS WHICH ARE STILL VIRGINS SO BANK ON THEM TO REAP GOOD BENIFITS.

MARKETS TODAY WOULD OPEN ON A POSITIVE NOTE BUT WILL BE HIGHLY VOLATILE STAY VERY CAUTIOUS. NIFTY IF BREAKS 4550 THEN WILL TAKE IT TO 4600 AND ON THE DOWN SIDE IF IT BREACHES 4500 WILL SEE NIFTY TO SLIDE 4450 - 4430 IF NIFTY FALLS FURTHER AND CLOSES BELOW 4421 THEN ONE CAN RETAIN SHORT POSITIONALLY AND ON THE UPPER SIDE IF NIFTY CROSSESS 4600 AND CLOSES THEN CHANCES ARE BRIGHT NIFTY CAN MOVE UPTO 4800 WHICH IS UNSTOPPABLE. NIFTY RESISTANCE AT 4648 AND 4589 AND SUPPORTS AT 4459 AND 4388.

BUY MOSER BAER ABOVE 111 SL 107 TGT 116/120 **
BUY IFCI ABOVE 52.75 SL 51.40 TGT 60/65/72/80 (ONE CAN HOLD POSITIONALLY)
BUY FSL ABOVE 28.75 SL 27.70 TGT 30/34/40/45 (ONE CAN HOLD POSITIONALLY)
SELL RELINFRA BELOW 1245 SL 1258 TGT 1228/1221
SELL RANBAXY FUTURES BELOW 262 SL 266 TGT 257/253
SELL DLF BELOW 404 SL 411 TGT 394/387
** DO NOT HOLD PLOSTIONAL CALLS BELOW 4420 IN NIFTY

INTRADAY TIPS FOR 02 JUNE 09

GOOD MORNING!!!

MARKETS HAVE OUTPERFORMED FOR LAST COUPLE OF WEEKS WITHOUT MUCH PROFIT BOOKING, ACCORDING TO TECHNICALS ALMOST ALL THE INDICATORS ARE PEAKING OUT ONE CANNOT RULE OUT THERE WILL BE A CORRECTION ANYWHERE NEAR THESE LEVELS ONE HAS TO BE VERY CAUTIOUS ABOUT MARKETS ON THE LONGER SIDE AND BEFORE ANY FURTHER UPMOVE WE EXPECT MARKETS TO DECLINE BEFORE ANY FURTHER UPMOVE ABOVE 4650-4700 LEVELS. MARKETS ARE IN THE HIGHLY OVERBOUGHT REGEION, BUT ONE CANNOT RULE OUT THAT MARKETS STRUCTURALLY ARE VERY BULLISH. SHORT ONLY WHEN YOU GET CONFIRMATION OF SELLING AND DONT RISK IN THE MARKET.

TODAY MARKETS WOULD BE POSITIVELY BIASED THIS IS A GREAT OPPORTUNITY FOR PEOPLE TO EXIT FEW OF THEIR POSITIONS IN THEIR PORTFOLIOS. NIFTY IF MANAGES TO CROSS 4560 IN TODAYS TRADE THEN WE CAN SEE NIFTY TO FACE RESISTANCE AT 4600 AND IF MANAGES TO TRADE ABOVE WE CAN SEE NIFTY AT 4650 IN TODAYS TRADE AND ON THE NEGATIVE SIDE IF NIFTY BREACHES 4490 THEN WE CAN SEE NIFTY TO SLIDE DOWN TO 4450-4420 LEVELS. NIFTY SUPPORT AT 4485 AND 4432 AND RESISTANCE AT 4602 AND 4570. ONE CAN GO SHORT IF NIFTY CLOSES BELOW 4362.

BUY ABB FUTURES AT 669 SL 664 TGT 675/679
BUY AXIS BANK FUTURES AT 751 SL 739 TGT 768/779
BUY BALAJITELE FUTURES AT 68 SL 65.5 TGT 72/74
BUY CHAMBAL FERTILIZERS FUTURES AT 68 SL 65.80 TGT 72/74.4
BUY SUZLON ABOVE 115 SL 112 TGT 120
BUY ICSA ABOVE 200 SL 196 TGT 209/212/216
BUY RNRL 88 SL 84.40 TGT 92/94
BUY CAIRN ABOVE 263 SL 249 TGT 285/300/320 (CAN HOLD POSITIONALLY WITH 225 AS STOPLOSS)

INTRADAY TIPS FOR 01 JUN 09

MARKETS ON TECHNICAL FRONT ARE LOOKING VERY STRONG AND ARE PREPARING TO ROAR DAY AFTER DAY, BUT ONE SHOULD KEEP IN MIND THAT THERE IS 100% POSSIBILITY THAT PROFIT BOOKING WOULD CROP IN AFTER SUCH AN UP MOVE. THERE IS VERY LITTLE UPSIDE FROM HERE, NIFTY CAN GO THE MAXIMUM OF 4600 AND ON THE DOWNSIDE WE MAY SEE NIFTY TO TOUCH 4100 ONCE IT BREAKS THE CRUCIAL SUPPORT SO, KEEP YOUR PROFIT LOCKED BY KEEPING TRAILING STOPLOSS ON YOUR POSITIONAL CALLS. STUCTURALLY MARKETS ARE LOOKING STRONG SO DONT SHORT UNTILL IT BREAKES CRUCIAL SUPPORTS AND DONT HOLD YOUR POSITIONS WITHOUT STRICT STOPLOSSES.

TODAY MARKETS ARE LOOKING POSITIVE IF NIFTY MANAGES TO CROSS 4460 AND TRADES THEN WE CAN SEE IT TO TOUCH 4500 AND THIS BEING RESISTANCE THIS MAY BE THE INITIAL TARGET FOR NIFTY AND IF IT MANAGES TO CROSS 4500 AND TRADES THEN WE CAN SEE NIFTY TO TOUCH 4550 LEVELS THERE IS EVERY POSIBILITY THAT NIFTY MAY TAKE CORRECTION WITH PROFIT BOOKING. MAJOR LEVELS TO WATCH IN NIFTY ARE 4515 - 4576 AND SUPPORTS AT 4372-4290.

BUY GNFC FUTURES ABOVE 96 SL 94 TGT 100/102
BUY DLF FUTURES ABOVE 407 SL 398 TGT 414/422
BUY L&T ABOVE 1400 SL 1384 TGT 1420/1438
BUY JP ASSOCIATES ABOVE 208 SL 205.5 TGT 212/214
BUY M&M ABOVE 665 SL 661 TGT 675/684/695

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