INTRADAY TIPS FOR 15 JULY 2009

GOOD MORNING!!!
FIRM GLOBAL MARKETS AND FORECAST OF INCREASE IN RAINS IN THE COMING DAYS BOOSTED THE DOMESTIC BOURSES. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES SURGED AFTER A RECENT SHARP FALL. THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET, WAS STRONG. EQUITIES RECOVERED TODAY AFTER A RECENT STEEP SLIDE.

ON THE POSITIVE SIDE:

FINANCE MINISTER PRANAB MUKHERJEE TODAY, 14 JULY 2009, SAID THE ECONOMY IS SHOWING SIGNS OF RECOVERY.
INDIAN METEOROLOGICAL DEPARTMENT'S FORECAST THAT RAINS WILL INTENSIFY IN THE COMING DAYS BOOSTED SENTIMENT AMONG STOCK MARKET INVESTORS.
SHORT COVERINGS MAY COME IN AFTER CROSSING 4200 LEVELS IN NIFTY.

AND ON THE NEGATIVE SIDE:

THE MARKET EXPECTATIONS ARE THAT IN Q1 JUNE 2009, THE 30 STOCKS THAT COMPRISE MUMBAI'S BENCHMARK SENSEX INDEX COULD SEE AN ANNUAL FALL IN SALES OF 4-8% AND FALL IN PROFIT AT BETWEEN 9-13%.

TODAY MARKETS LOOK VOLATILE WITH POSITIVE BIAS. IF NIFTY CROSSES 4149 THEN IT WILL FIND ITS WAY IMMEDIATELY TO 4187 AND IF MANAGES TO STAY ABOVE THIS LEVEL THEN WE CAN SEE NIFTY TO REACH 4228 AND 4264-4290. CLOSE ABOVE 4187 IS CONSIDERED TO BE A BULLISH SIGN AND ONE CAN CONTINUE TO HOLD LONGS STRONGLY WITHOUT HEDGING. AND IF NIFTY FAILS TO CROSS 4150 AND MANAGES TO DROP DOWN TO 4079 THEN WE CAN SEE NIFTY TO GET WEAK AND ONE CAN CONTINUE TO REMAIN SHORT IF NIFTY COMES DOWN TO 4079 AND IF NIFTY CLOSES BELOW 4079 THEN ONE CAN EXIT THEIR LONGS TO THE MAXIMUM AND RETAIN SOME PUTS IN THEIR PORTFOLIO. WATCH OUT FOR INFRASTRUCTURE & CEMENTS

BUY RELINFRA SL 1013 TGT 1088/1120/1160
BUY RELCAP SL 782 TGT 807/814/834
BUY HDFC SL 2354 TGT 2421/2458
BUY DLF SL 295 TGT 307/318/326
BUY MIC ELECTRONICS SL 30 TGT 39/43 (FOR TWO DAYS)

INTRADAY TIPS FOR 14 JULY 2009

GOOD MORNING!!!

THE KEY BENCHMARK INDICES EXTENDED RECOVERY IN MID-AFTERNOON TRADETRACKING RECOVERY IN EUROPEAN STOCKS. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES CUT LOSSES. IT STOCKS GAINED FOR THE SECOND STRAIGHT DAY. REALTY AND METAL STOCKS FELL. THE MARKET BREADTH WAS EXTREMELY WEAK. NIFTY FELL BELOW THE PSYCHOLOGICAL 4,000 MARK AND AS EXPECTED NIFTY CAME DOWN TO 3905 AND OUR TARGETS OF 3892 WHICH HAS ALMOST ACHIEVED AND NOW WE EXPECT A PULL BACK FROM HERE FOR ANOTHER 150 POINTS IN NIFTY AND MAY SEE A CONSOLIDATION FOR A LITTLE WHILE. ONE CANNOT RULE OUT THE DECLINE IN INDEX IS OVER MAY STILL SUCCUMB TO PRESSURE AFTER 150 POINTS RALLY FROM HERE.

TODAY MARKET WILL BE POSITIVELY BIASED, CEMENTS AND BANKING STOCKS EXPECTED TO RALLY IN TODAY’S TRADE AND IS EXPECTED TO OPEN GAP UP AND IF NIFTY TRADES ABOVE 4020 THEN WE CAN SEE IT TO TOUCH 4079 LEVELS IN TODAYS TRADE AND IF NIFTY CLOSES BEYOND 4079 ONE CAN SEE A RALLY TILL 4187 LEVELS IN THE NEXT FEW TRADES. AND ON THE DOWNSIDE NIFTY TRADES BELOW 3912 ONLY THEN ONE CAN GO FOR SHORTS FOR A TARGET OF 3854.
BUY INFOSYS SL 1751 TGT 1785/1800
BUY AXIS BANK SL 740 TGT 780/800/812
BUY HDFC BANK SL 1361 TGT 1399/1418/1432
BUY CAIRN SL 216 TGT 224/228
BUY JSWSTEEL SL 475 TGT 512/524/541
BUY BAJAJHIND ABOVE 131 SL 129 TGT 137/142
BUY DLF SL 262 TGT 280/286/296
BUY ABAN SL 629 TGT 675/704/755
BUY SBI SL 1529 TGT 1564/1597/1650
BUY ICICIBANK SL 625 TGT 678/692

INTRADAY TIPS FOR 13 JULY 2009

GOOD MORNING!!!

A SELL-OFF IN INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL) TRIGGERED A SHARP FALL ON THE BOURSES IN THE LAST ONE HOUR OF TRADE TODAY. POWER, REALTY AND CAPITAL GOODS STOCKS DROPPED. HOWEVER, IT STOCKS HELD FIRM.SENSEX POSTED ITS BIGGEST WEEKLY FALL IN MORE THAN EIGHT MONTHS. THE BENCHMARK INDEX LOST 9.4% IN THE WEEK ENDED FRIDAY, 10 JULY 2009. THE MARKET SURGED IN MID-AFTERNOON AFTER PLANNING COMMISSION DEPUTY CHAIRMAN MONTEK SINGH AHLUWALIA SAID THE RISE IN INDUSTRIAL PRODUCTION IN MAY 2009 IS NOT A SURPRISE AND THE WORST IS OVER FOR INDUSTRIAL OUTPUT. A TOTAL REVERSAL OF TREND WAS WITNESSED LATER AS THE MARKET SLUMPED IN LATE TRADE.

TODAY MARKET WOULD BE NEGATIVELY BIASED AND MAY SEE NIFTY TO REMAIN IN NEGATIVE FOR THE MOST OF THE DAY AND IF IT BREAKS BELOW 3940 LEVELS NIFTY WILL KISS 3891 LEVELS SOON AND BREAK BELOW THIS LEVEL MAY TAKE NIFTY TO THE MOST UNEXPECTED LEVELS AND ONE CAN ONLY REMAIN LONG ONLY ABOVE 4072. IT LOOKS STRONG

SELL ABB 679 SL 693 TGT 652/639/620
RELINFA BELOW 1015 SL 1040 TGT 950
SELL ABAN BELOW 655 SL 679 TGT 633/620

INTRADAY TIPS FOR 10 JULY 2009

GOOD MORNING!!!

THE KEY BENCHMARK INDICES CLOSED FLAT AFTER MOVING BETWEEN POSITIVEAND NEGATIVE TERRAIN THROUGHOUT THE DAY IN WHAT WAS A VOLATILETRADING SESSION THE MARKET WAS VOLATILE. STOCKS EDGED HIGHER IN EARLY VOLATILETRADE AFTER THE INTERNATIONAL MONETARY FUND REVISED UPWARDS INDIA'SGROWTH PROJECTION BY 0.9% FOR 2009 AND 2010. BUT THE MARKET SLIPPEDINTO THE RED IN MID-MORNING TRADE ON CONCERNS OVER PROGRESS OFINDIA'S ANNUAL MONSOON AND WORRIES OVER A POSSIBLE DOWNGRADE OF THECOUNTRY'S SOVEREIGN RATING BY RATING AGENCIES DUE TO HIGH FISCALDEFICIT.. THE MARKET CUT ENTIRE LOSSES IN EARLY AFTERNOON TRADE SOON AFTERGOVERNMENT DATA SHOWED HEADLINE INFLATION HOVERING THE NEGATIVEZONE FOR A FOURTH CONSECUTIVE WEEK. THE MARKET ONCE AGAIN SLIPPEDINTO THE RED IN EARLY AFTERNOON TRADE BEFORE REGAINING POSITIVEZONE.

TODAY NIFTY TO TRADE IN NEGATIVE BIAS AND MARKET BREADTH IS VERY NEGATIVE AND MAY CONTINUE TO REAMAIN NEGATIVE TILL THE LEVELS INDICATED ARE BREACHED. IF NIFTY TRADES BELOW 4029 THEN ONE CAN EXPECT IT TO IMMEDIATELY TAKE SUPPORT AT 3989 AND THEN IF BREACHED AND TRADES THEN ONE CAN EXPECT IT TO TAKE NIFTY TO 3890. AND ON THE UPSIDE ONLY ABOVE 4152 ONE CAN SEE UPSIDE MOVE SO STAY CAUTIOUS ON THE LONG SIDE.

SELL HDFC SL 2335 TGT 2240/2180

GOOD MORNING!!!

THE KEY BENCHMARK INDICES SLUMPED AFTER THE GLOBAL RATING AGENCY STANDARD & POOR'S SAID THERE IS RISK THAT ITS SOVERIEGN CREDIT RATINGS ON INDIA MAY BE LOWERED. WEAK GLOBAL STOCKS ALSO DEAMPENED INVESTORS SENTIMANET. BANKING, METAL, CAPITAL GOODS AND REALITY STOCK LED THE FALL. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES DROPPED IN VOLATILE TRADE. THE BREADTH OF THE MARKET WAS VERY WEAK. THE MARKET CUT LOSSES IN MID-MORNING TRADE ON MEDIA REPOSTS THAT THE GOVERNMENT WILL HAVE ADISINVESTMENT ROAD MAP IN PLACE IN ABOUT THREE MONTHS TO BRIDGE THE HIGH FISCAL DEFICIT. INTRADAY RECOVERY GATHERED FURTHER STEAM IN AFTERNOON TRADE AFTER PLANNING COMMISSION DEPUTY CHAIRMAN MONTEK SINGH AHLUWALIA SAID THE GOVERNMENT'S 2009/2010 BUDGET WAS PRO-GROWTH AND ADDRESSED THE STIMULS NEEDS OF THE ECONOMY DESPITE OF NEWS LIKE THESE MARKET COULDNT SUSTAIN ITS RECOVERY AND THE RECOVERY WAS VERY SHORT LIVED AND THE MARKET SLUMPED IN THE LATE TRADE.

TODAY MARKET WOULD BE VOLATILE MARKET IF TRADES ABOVE 4112 THEN WE MAY SEE RESISTANCE AROUND 4155 LEVELS AND BREAK BELOW 4023 MARKET MAY LEAD TO 3980 AND TRADING BELOW THIS LEVEL MARKET MAY COME DOWN TO 3891.

SELL RELIANCE CAPITAL BELOW 758 SL 771 TGT 740/733

SELL RELINFRA BELOW 1075 SL 1091 TGT 1035/1011/950(ULTIMATE TGT)

WHEN MARKET SLIDES SEE BUYING OPPORTUNITIES IN SESAGOA, NMDC, NTPC & MARUTI FOR INTRADAY.

INTRADAY TIPS FOR 08 JULY 2009

GOOD MORNING!!!

THE KEY BENCHMARK INDICES ON TUESDAY RECOVERED MARGINALLY WITH THE HIGHER EUROPEAN STOCKS AND US INDEX FUTURES. HOWEVER, THE MARKET BREADTH INDICATING THE OVERALL HEALTH OF THE MARKET IS WEAK. WE HAVE SEEN A HIGHLY VOLATILE SESSION ON THE LAST TRADING DAY, WHICH WAS PARTLY A RELAXED SESSION AFTER A LONG NEGATIVE DAY. ONE SHOULD NOT BE SURPRISED IF MARKETS COME DOWN BY ANOTHER 400 POINTS FROM HERE ON. WE WOULD ADVISE ALL THE INVESTORS TO STAY CAUTIOUS AND GO LONG ONLY WHEN IT CROSSES THE LEVELS MENTIONED IN THIS BLOG.

TODAY MARKET LOOKS WEAK, WE CAN SEE A NEGATIVE OPENING AND THERE ARE HARDLY ANY CHANCES OF REBOUND IN THE MARKET. IF NIFTY CROSSES ABOVE 4229 THEN WE CAN EXPECT NIFTY TO GO UP TO 4282 AND IF NIFTY BREACHES 4160 THEN WE CAN SEE NIFTY AT 4128 AND IF NIFTY TRADES BELOW THIS LEVEL ONE CAN SEE NIFTY TO TAKE SUPPORT AT 4023 AND FURTHER CLOSING BELOW THIS LEVEL WOULD BRING NIFTY TO 3800 LEVELS IN A VERY SHORT TIME. TODAY CEMENT STOCKS AND TEXTILES LOOK GOOD FOR BUYING.

INTRADAY TIPS FOR 07 JULY 2009

GOOD MORNING!!!

WELCOME TO THE NEW BEGINING AGAIN, AFTER A DISAPPOINTMENT OVER ECONOMIC REFORMS IN THE UNION BUDGET 2009-2010 RESULTED IN HEAVY SELLOFF IN KEY BENCHMARK INDICES. WEAK GLOBAL STOCKS ALSO WEIGHED ON THE INVESTORS SENTIMENT, BANKING, CAPITAL GOODS, POWER, METAL AND REALITY STOCKS LED TO THE DECLINE. INVESTORS WERE DISAPPOINTED AFTER THE BUDGET PRESENTATION AS THE BUDGET DIDNT CONTAIN ANY MAJOR REFORMS SUCH AS INCREASE IN FORIEGN DIRECT INVESTMENT IN INSURANCE SECTO AND DECONTROL OF FUEL PRICES AND ANOTHER MAJOR IMPORATANT ISSUE WAS DIVESTMETN NOTHING FAVOURED THE MARKETS. A SMALL DIVESTMENT OF 1120 CRORES FOR THE FINANCIAL YEAR ENDING 2010 WAS NO LUCRATIVE ISSUE FOR THE MARKETS TO REACT. A SHARPLY HIGHER FISCAL DEFICT TARGET TO 6.8% FOR THE FINANCIAL YEAR ENDING 2010 AFTER INCREASED SPENDING ON ROADS, POWER AND AID TO THE POOR. OVERALL NOTHING WAS IN FAVOUR OF BULLS IN THE MARKET.

TODAY MARKET WOULD REMAIN WEAK WITH HIGHLY VOLATILE SESSION. MARKET STRUCTURALLY HAS BECOME WEAK AND CONTINUE TO REMAIN WEAK FOR SOME MORE TIME AS THERE WAS NO CORRECTION AS WELL FROM 3600 LEVELS AND THE MARKET HAS BEEN WAITING WITHOUT CORRECTION SINCE ONE MONTH PRIOR TO ELECTIONS AND INVESTORS WERE WAITING FOR THE BUDGET WITH SOME EXPECTATIONS AND EVERYTHING WENT AGAINST AND NOW WE MAY SEE CORRECTION FROM THIS POINT ONWARDS FOR SOMETIME I WOULD SUGGEST A SMALL PULL BACK SHOULD NOT BE TREATED AS BULLISH TREND ANY PULL BACK JUST CONSIDER IT FOR SELLING WITH STRICT STOPLOSS. SELL THE WEAKEST STOCK AND BUY THE STRONGEST STOCKS. EXCEPT PHARMA NOTHING LOOKS GOOD FOR HOLDING IN THIS MARKET. IF NIFTY TODAY TRADES ABOVE 4163 THEN WE CAN SEE IT AROUND 4229 - 4256 AND IF NIFTY TRADES BELOW 4150 THEN WE CAN EXPECT IT TO COME DOWN TO 4101 AND THEN TO 4070.

SELL RELCAP SL 851 TGT 822/813/801

SELL LT SL 1481 TGT 1450/1436/1428

SELL TATASTELL SL 406 TGT 390/382

BUY RANBAXY & CIPLA