INTRADAY TIPS FOR 25 JUNE 2009

GOOD MORNING!!!!

YESTERDAY MARKETS WERE VOLATILE AS TRADERS ROLLED OVER POSITIONS FROM JUNE TO JULY SERIES AHEAD OF THE EXPIRY OF JUNE CONTRACTS. NIFTY FUTURES WAS 29.19% AS AT END OF TUESDAY'S TRADE. THE ROLLOVER WAS 34.47% IN MINI NIFTY FUTURES, KEY BENCHMARK INDICIES HAVE CUT LOSSES AFTER HITTING FRESH INTRADAY LOW IN THE AFTERNOON. SECTORS LIKE FMCG, BANKING, IT STOCKS FELL AND CAPITAL GOODS WERE STRONG. WE COULD SEE THAT THE SENTIMENT ON THE BOTTOM LINE IS STILL INTACT AND STRUCTURALLY INDICES LOOKS STRONG ABOVE 4200 AND GETS STRONGER ONLY ABOVE 4340 IF THIS LEVEL IS CROSSES ITS A CLEAR INDICATION OF GOING FOR LONGS. THE NEXT MAJOR TRIGGER FOR THE MARKET IS UNION BUDGET. MANY ANALYSTS HAVE RAISED EARNING FORCASTS OF INDIA INC ON HOPES THAT THE NEW GOVERNMENT WILL PRIVIDE THRUST ON THE INFRASTRUCTURE SECTORE AND PUSH THE ECONOMIC REFORMS TO BOOST GROWTH.

TODAY MARKETS WOULD BE HIGHLY VOLATILE AS THERE IS EXPIRY OF JUNE CONTRACT. THERE WOULD BE STOCK SPECIFIC MOVEMENTS IF NIFTY BREACHES 4340 AND TRADES THEN WE CAN SEE NIFTY TO FACE RESISTANCE AT 4400 LEVELS AND ON THE DOWN SIDE IF NIFTY TRADES BELOW 4284 THEN WE CAN SEE NIFTY TO FACE SUPPORT AT 4220 AND THEN AT 4170.

BUY JINDAL STELL ABOVE 2360 SL 2339 TGT 2393/2430
BUY APTECH ABOVE 166 SL 161.90 TGT 171/178/182
BUY ACC ABOVE 765 SL 754 TGT 778/784/792
BUY STER ABOVE 574 SL 564 TGT 584/600
SELL SUNPHARMA BELOW 1360 SL 1375 TGT 1330/1315/1300
SELL HDFC BELOW 2315 SL 2331 TGT 2296/2285/2271

TIPS FOR 24 JUNE 2009

GOOD MORNING!!!
KEY BENCHMARK INDICES, SENSEX AND NIFTY CLOSED FLAT WITH MARGINAL LOSS AND GAIN. SENSEX GAINED ALMOST 310 POINTS FROM DAY LOW AND CLOSED 70 POINTS FROM DAY HIGH. INDEX HEAVY WEIGHTS RELIANCE INDUSTRIES AND ONGC GAINED IN THE LAST DAY THERE WAS SHORT RECOVERY SEEN IN RELIANCE AND ONGC COUNTERS. MARKET BREADTH WAS VERY NEGATIVE INITIALLY WITH THE INITIAL SELL OFF IN THE OPENING WITH WEAK GLOBAL CUES AND LATER REGAINED THE STRENGTH SLOWLY AND THERE BY CONVERTING INTO A POSITIVE MOMENTUM IN THE TRADE. THE VOLATALITY IN THE TRADE WAS VERY HIGH AHEAD OF EXPIRY.
FEW MAJOR REASONS TO LOOK AT THE MARKETS BOTH ON THE NEGATIVE AND POSITIVE SIDE ARE:
NEGATIVE SIDE:
1. FII'S SELL OFF HAS WEAKENED THE SENTIMENT OF INVESTORS.
2. GLOBAL CUES, WE HAVE SEEN AFTER ABOUT 2 MONTHS WALL STREET HAS SUFFERED WORST HIT BY LOOSING 200 POINTS IN A SINGLE DAY ON FRIDAY.
3. CONSUMER PRICE INFLATION HAS DAMPENED THE SENTIMENT OF INVESTORS TOO.
4. WEAK INITIAL PHASE MANSOON HAS GEARED UP THE FEARS OF FALL IN AGRICULTURAL PRODUCTION AND A SURGE IN ESSENTIAL COMMODITY PRICES WHICH MAY SPUR INFLATION, THIS MAY LEAVE AN IMPACT ON THE LIKELY RECOVERY OF OUR ECONOMY.
ON THE POSITIVE SIDE:
1. WORLD BANK HAS RAISED INDIA'S GROWTH FORECAST FOR 2009 TO 5.1% FROM EARLIER PROJECTION OF 4% AND 8% IN 2010 WHICH WILL MAKE IT THE FASTEST GROWING ECONOMIES IN THE WORLD IN 2010, SURPASSING THE CHINA'S EXPECTED 7.7% GROWTH.
2. THE MAJOR TRIGGER IN THE INDIAN MARKETS ARE BUDGETS, THIS MAY HAVE A VERY CLEAR IMPACT ON THE MARKETS.

IN TODAYS TRADE WE EXPECT NIFTY TO REMAIN HIGHLY VOLATILE AND RANGE BOUND, WE STILL HAVE BEARISH VIEW ON NIFTY UNTILL IT CROSSES 4320, ONE CAN TAKE POSITIONS ONLY IF IT BREACHES THIS LEVEL AND CLOSES UNTILL THEN ONE IS ADVICED TO STAY SHORT. IF NIFTY TRADES ABOVE 4280 THEN WE CAN SEE STRONG RESISTANCE AT 4320 AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 4220 THEN WE SEE NEXT MAJOR SUPPORT AT 4180 ONCE NIFTY BREAKS 4160 THEN WE CAN SEE MORE DOWNFALL IN THE MARKETS AND EVEN LEAD TO 4100-3950. METALS BANKING LOOK WEAK, SHIPPING & PSU'S LOOKS STRONG. ONE CAN KEEP ACCUMULATING STOCKS LIKE NTPC, IDFC AND BHEL AT LOWER LEVELS FOR MINTING MONEY ON POST BUDGET SESSION.

BUY ONGC ABOVE 1025 SL 1014 TGT 1039/1052
BUY IDFC 136 SL 132 TGT 142/144
BUY ESSAR OIL ABOVE 164 SL 160.4 TGT 170/172
SELL NALCO BELOW 315 SL 321 TGT 308/304
SELL HDFC BANK BELOW 1485 SL 1501 TGT 1461/1452/1440

INTRADAY TIPS FOR 23 JUNE 2009

GOOD MORNING!!!

MARKETS HAVE CONTINUED LAST WEEKS FALLING STREAK WITH MAJOR HEAVY WEIGHTS LOOSING. WITH WEAK EUROPEAN STOCKS AND LOWER US INDEX FUTURES ON MONDAY LED THE MARKET TO THE DOWNFALL. THERE WAS ONLY STOCK SPECIFIC BUYING IN SELECTED SCRIPS OUTSIDE THE INDICES. SENSEX FELL 340 POINTS FROM DAY HIGH AND CLOSE TO 60 POINTS FROM DAYS LOW. THE MAJOR DECLINE WAS LED BY SECTORS LIKE OIL AND GAS, METALS, IT, REALITY AND AUTO STOCKS. MARKET OPENED IN POSITIVE NOTE WITH THE STRONG CLOSING OF PREVIOUS DAY (FRIDAY) BUT COULDNT SUSTAIN IT ANY LONGER, FRIDAYS GAINS IN THE LAST HOUR WAS PURELY BASED ON NEWS AND MANY COUNTERS YESTERDAY YET AGAIN STARTED TO JOIN THE LAST WEEKS DOWNSIDE RALLY. NOW THIS DOWNFALL IS BEING SUPPORTED BY MANY EXTERNAL FACTORS WHICH MAY MAKE OUR MARKETS MUCH MORE WEAKER LIKE GLOBAL CUES, NEWS ON STT CUT IS UNLIKELY IN THIS BUDGET, FII SELL OFF, DII SELL OFF AND BAD NEWS POURING FOR RELIANCE. MARKETS AT THIS JUNCTURE LOOKS WEAK EXCEPT FOR BANKING STOCKS IF WE WITNESS ANOTHER 150 POINTS DOWNSIDE RALLY FROM HERE ON THEN YOU CAN SEE BANKING STOCKS WILL ALSO BLEED THERE BY WEAKEN THE INDICES FURTHER. I WOULD LIKE TO CAUTION ALL THE INVESTORS AND TRADERS TO STAY AWAY FROM LONGS TILL 30 JUNE 2009 OR BELOW 4375.

FOR TODAY MARKET WOULD OPEN IN RED WITH VOLATALITY IMMENSE AHEAD OF EXPIRY. NIFTY MIGHT TAKE STRONG SUPPORT AT 4150 AND THEN IF IT TRADES BELOW FOR SOMETIME THEN WE CAN SEE NIFTY TO BREAK BELOW 4100 TODAY ITSELF IN THE DAYS TO COME WE CAN SEE NIFTY AT 4069 AND 3945 LEVELS. ON THE UPSIDE NIFTY MAY GO UP TO THE MAXIMUM OF 4288 IF IT BREACHES THEN NIFTY HAS RESISTANCE AT 4375 AND IF NIFTY CLOSES ABOVE 4375 (CHANCES ARE REMOTE) ONE CAN INITIATE LONGS TILL THEN IT IS WISE TO BE AWAY THAN GETTING STRUCK.

BUY MARUTI ONLY ABOVE 1065 SL 1056 TGT 1081/1092
SELL DLF BELOW 321 SL 326 TGT 316/307.8
SELL RELIANCE CAPITAL BELOW 890 SL 901 TGT 865/837
SELL TATAPOWER 1100 SL 1110 TGT 991/986/971
SELL RANBAXY BELOW 270 SL 275 TGT 262/257/251

INTRADAY TIPS FOR 22 JUNE 2009

GOOD MORNING!!!

MARKETS ON FRIDAY WERE REALLY VERY VIOLENT AND VOLATALITY WAS IMMESE, THE MARKET BREADTH WAS NEGTIVE ALMOST FOR THE ENTIRE DAY THOUGH MARKETS OPENED POSITIVE INITIALLY COULD NOT SUSTAIN AND WAS IN RED FOR ALMOST ENTIRE DAY AND MARKET RECOVERED AND TURNED POSITVE IN JUST A MATTER OF 5 MIN OF TRADE AND TURNED VERY BULLISH WITH A SERIES OF MEASURES BY THE MARKET REGULATORS TO ATTRACT INVESTORS AND BOOST CONFIDENCE IN THE STOCK MARKET THIS NEWS IN THE MARKET HAS LED THE INDEX TO A VERY POSITIVE ZONE FOR THE CLOSING. AFTER A VERY POSITIVE MOVE OF 14 WEEKS IN THE INDIAN MAREKTS, MARKETS HAVE LOST 716 POINTS IN SENSEX AND 269.80 POINTS IN NIFTY FOR THE FIRST TIME AT THE WEEK END. ON THE LAST TRADING DAY WE HAVE SEEN INDEX HEAVY WEIGHTS LIKE RELIANCE INDUSTRIES, LT, BHEL AND DLF HAVE MOVED QUITE A LOT ON THE POSTIVE NEWS IN THE MARKET BY MARKET REGULATORS. RELIANCE INDUSTRIES AFTER A CONTINUAL DOWNSIDE RALLY FOR ABOUT 4 DAYS HAS RECOVERED WITH HUGE VOLUMES. SECTORS LIKE METALS, CAPITAL GOODS AND REALITY STOCKS HAVE SURGED LEAVING A POSITIVE IMPACT IN THE MARKET IN THE LAST 45 MINUTES OF TRADE AND HAS CHANGED THE COMPLETE VIEW OF MARKET TO A POSITIVE MOOD FROM A VERY NEGATIVE VIEW.

MARKETS REMAIN HIGHLY VOLATILE WITH SOME SHORT COVERINGS TO TAKE PLACE IN EARLY TRADE WE CAN SEE NIFTY HIGHLY VOLATILE FOR THIS ENTIRE WEEK AS THERE IS SETLEMENT AND WE EXPECT NIFTY TO RANGE ALMOST 100 POINTS SWING EVERYDAY FOR THIS WEEK AHEAD OF EXPIRY AND EXCLUSION OF 50 STOCKS FROM FUTURES AND OPTIONS. TODAY WE SEE ON THE POSITIVE SIDE NIFTY IF TRADES ABOVE 4364 THEN WE CAN SEE NIFTY TO FACE RESISTANCE AT 4448 AND ON THE LOWER SIDE IF NIFTY BREACHES 4300 THEN WE SEE NIFTY TO IMMEDIATELY TOUCH 4215 LEVELS AND THEN TO 4146. WE WOULD ADVICE YOU TO STAY CATIOUS IN THE MARKET AS ONE CANNOT RULE OUT SOME MORE CORRECTION IN THE MARKET, TRADE WITH STRICT STOPLOSS AND AVOID HOLDING ANY STOCKS BELOW 4350 LEVELS.

BUY BHARTI ABOVE 804 SL 794 TGT 819/827
BUY BIOCON ABOVE 207 SL 201.40 TGT 222/228
BUY DLF ABOVE 330 SL 323.90 TGT 340/356/370
BUY SUZLON ABOVE 112 SL 108.80 TGT 117/121/127
BUY LT ABOVE 1495 SL 1479 TGT 1550/1596
BUY BHEL ABOVE 2095 SL 2069 TGT 2133/2170/2210

INTRADAY TIPS FOR 19 JUNE 2009

GOOD MORNING!!!

MARKETS IN THE LAST TWO TRADING SESSIONS LOST ALMOST 692.38 POINTS THAT IS ALMOST 4.62% MARKET INDICES EXTENDED LOSSES FOR THE CONSICUTIVE DAYS AS INVESTORS TOOK PROFITS OF RECENT SURGE IN THE SHARE PRICES, AND FII HAVE ADDED FUEL TO THE FIRE BY SELLING IN HUGE VOLUMES, THIS HAS MADE MARKET SENTIMENT MUCH MORE BEARISH, IN TOTALITY BEARS HAVE COMPLETELY CAPITAVATED ON THE MARKETS AND DIDNT ALLOW ANY KIND OF RECOVERY IN THE WEEK. THIS FALL WAS SUPPORTED BY REALITY, METALS AND CAPITAL GOODS THESE WERE THE THREE SECTORS WHICH HAVE LOST MUCH IN THE MARKET AND BANKING WAS KEY SECTOR WHICH HELD TIGHTLY. LAST TRADING SESSION INITIALLY MARKETS WERE HOVERING IN POSITVE AND NEGATIVE ZONES QUITE FOR SOMETIME BUT LATER IT TURNED INTO RED WITH BIG BANG. MARKETS HAVE TESTED CRUCIAL SUPPORT LEVELS AND PULLED BACK FROM THAT POINT IF MARKETS SUSTAIN THIS LEVEL WHICH WAS TESTED YESTERDAY THEN WE MAY SEE NIFTY TO MOVE UPWARDS TO 4700 LEVELS BEFORE OUR BUDGET AND IF THE LOW BREACHES AND TRADES BELOW THAT AND HAPPENS TO CLOSE TODAY THEN WE MAY SEE MORE PAIN TO COME IN THE NEXT FEW SESSIONS AND LIKELY TO TAKE MARKET AROUND 4000 LEVELS.

TODAY MARKET MAY OPEN POSITIVE BUT WOULD BE VERY RANGE BOUND BUT THE SENTIMENT REMAINS WEAK IN THE MARKET. LEVELS ONE HAS TO WATCH IN NIFTY ARE IFN IFTY TRADES BELOW 4240 THEN WE CAN SEE NIFTY AROUND 4200 THEN AT 4170 AND IF NIFTY TRADES ABOVE 4300 THEN WE CAN EXPECT NIFTY TO FACE RESISTANCE AT 4340 CHANCES ON THE UPSIDE SEEMS TO BE REMOTE.

BUY TATA TELESERVICES ABOVE 37 SL 36.25 TGT 38.45/39.60
BUY DISTV ABOVE 39 SL 38.75 TGT 41.50/43.90
SELL ACC BELOW 757 SL 771 TGT 741/736/731
SELL RELIANCEINFRA BELOW 1200 SL 1206 TGT 1185/1177/1171

INTRADAY TIPS FOR 18 JUNE 2009

GOOD MORNING!!!!

THE MARKET WAS VOLATILE AS EXPECTED WITH AN EARLY SLIDE TRIGGERED BY WEAK GLOBAL CUES, THE MARKET CUT LOSSES IN THE MORNING TRADE WITH LITTLE RECOVERY ON THE CHINEESE MARKETS AND THERE AFTER COULD NOT SUSTAIN IT LONGER, MARKET BREADTH TURNED VERY NEGATIVE IN THE AFTERNOON SESSION IN CONTRAST TO A POSITIVE BREADTH EARLIER IN THE DAY. SELLING BY FORIEGN FUNDS IN THE LAST THREE DAYS AFTER THE RECENT AGGRESSIVE BUYING ALSO DAMPENDED SENTIMENT OF THE MARKET. WE EXPECT MARKET TO SLIDE FURTHER ON THE WEAK GLOBAL CUES AND THE SENTIMENT.

MARKETS TODAY WOULD BE NEGATIVELY BIASED AND THE OPENING IS EXPECTED TO BE WEAK. IF NIFTY TRADES BELOW 4350 WILL DIRECTLY TAKE IT TO 4300 AND THEN 4280 IF NIFTY TRADES BELOW 4300 FOR SOMETIME THEN WE CAN EXPECT MUCH MORE PAIN THAN WHAT IS EXPECTED IN THE MARKET IT CAN GO TO 4220 LEVELS EVEN IN TODAYS TRADE. AND ON THE UPPER SIDE THERE ARE VERY REMOTE CHANCES BUT IF NIFTY TRADES ABOVE 4350 LEVELS THEN WE CAN SEE LITTLE BOUNCE IN THE FORM OF RETRACEMENT AND TO THE MAXIMUM NIFTY MAY GO TO 4400.

SELL LT BELOW 1472 SL 1486 TGT 1446/1438/1426
SELL ONGC BELOW 1062 SL 1071 TGT 1040/1031
SELL HDIL BELOW 240 SL 246 TGT 231/225/216
SELL TATA STELL BELOW 422 SL 431 TGT 408/401/396
SELL RELIANCE CAPITAL BELOW 925 SL 944 TGT 901/886/865
SELL CENTURY TEXTILS BELOW 400 SL 411 TGT 386/374/366.

INTRADAY TIPS FOR 17 JUNE 2009

GOOD MORNING!!!!

AS EXPECTED MARKET WAS VOLATILE AND RECOVERY ON THE BOURSES BEGAN SOON AFTER A WEAK OPENING TRIGGERED BY A SETBACK IN GLOBAL EQUITIES. MARKETS MOVED INTO GREEN FROM RED FOR A BRIEF PERIOD IN THE MORNING ON THE NEWS THAT MOST COMPANIES IN THE LIST OF TOP TAX PAYERS FROM MUMBAI HAVE PAID HIGHER ADVANCE TAX FOR THE APRIL-JUNE 2009. BANKING STOCKS RECOVERED BECAUSE OF TWO REASONS ONE WAS GOLDMAN, SACHS & CO. RAISED ITS RATING ON SOME STATE RUN BANKS CITING A LIKELY REBOUND IN INDIAS ECONOMY AND THE FINANCIAL SERVICES INDUSTRY AND THE SECOND REASON WAS IN THE ADVANCE TAX PAYMENTS FOR THE FIRST QUARTER OF THE FINANCIAL YEAR STATE BANK OF INDIA BEING THE HIGHEST TAXPAYER DURING THE QUARTER WITH 61.09% JUMP TO 1068 CRORES, HDFC BANK HAS PAID 16.28% HIGHER ADVANCE TAX TO 250 CRORES AND EVEN SMALL BANKS SUCH AS INDUSIND BANK HAS PAID 122% HIGHER THEN PREVIOUS WITH 20 CRORE, DENA BANK AND YES BANK FOLLOWED THE TREND WITH INCREASE OF 75% AND 42% WITH INCREASE OF 35 AND 27 CRORES RESPECTIVELY.

MARKETS TODAY WILL BE VOLATILE AND WE CAN EXPECT SOME WEAK OPENING INITIALLY BUT WE EXPECT SOME RECOVERY AFTER A DIP IN THE MARKET BUT BE CAUTIOUS IN BUYING WHILE RECOVERY, BUY ONLY THE STRONG STOCKS WITH STRICT STOPLOSS. TODAY IF NIFTY CROSSES 4550 THEN WE CAN SEE NIFTY'S RESISTANCE AT 4615 LEVLES AND ON THE DOWNSIDE IF NIFTY BREACHES 4500 LEVELS AND TRADES BELOW THAT THEN WE CAN SEE NIFTY SUPPORT AT 4430. IF NIFTY CLOSES ABOVE 4620 THEN WE CAN SEE SOME MORE UPSIDE FROM HERE, INVESTORS ARE ADVISED NOT TO HOLD ANY SHORT ABOVE 4620. KEEP AN EYE ON PSU'S, POWER AND FERTILIZERS THESE MAY OUTPERFORM IN COMING DAYS.

BUY RELIANCE CAPITAL ONLY ABOVE 996 SL 977 TGT 1016/1028/1041
BUY INDUSINDBANK ONLY ABOVE 82.50 SL 79.90 TGT 87/89/92
BUY M&M ONLY ABOVE 777.50 SL 764 TGT 795/818
BUY RELIANCE INFRA ABOVE 1267 SL 1254 TGT 1285/1298
BUY SBI ABOVE 1714 SL 1698 TGT 1748/1763