INTRADAY TIPS FOR 21 JULY 2009

GOOD MORNING!!!
BULLS CONTINUED TO DOMINATE TRADE AS KEY BENCHMARK INDICES EXTENDED GAINS TO HIT FRESH HIGHS AS ENCOURAGING Q1 JUNE 2009 RESULTS FROM INDIA INC AND FIRM GLOBAL STOCKS BOOSTED THE SENTIMENT. THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET, WAS STRONG. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES JUMPED AHEAD OF A SUPREME COURT (SC) HEARING TODAY ON A DISPUTE OVER THE GAS SUPPLY TO RELIANCE NATURAL RESOURCES. IT, AUTO AND BANKING HAVE OUTPERFORMED.

FOR TODAY MARKET MAY BE IN THE STATE OF CONSOLIDATION AFTER A STRONG RALLY, NIFTY MAY OPEN LITTLE NEGATIVE. IF NIFTY BREACHES 4494 AND TRADES BELOW IT THEN WE CAN SEE NIFTY TO TOUCH 4446 IMMEDIATELY AND CLOSING BELOW THIS LEVELS WOULD TAKE NIFTY TO 4351-4250 LEVELS AS THE MARKET BREADTH IS POSITIVE ONE HAS TO BE ON THE SIDELINES ONE CAN RETAIN SHORT POSITIONS AS LONG AS NIFTY IS BELOW 4600 LEVELS AND ONCE THIS LEVELS IS BREACHED AND CLOSED THEN ONE HAS TO CONVERT ALL THEIR SHORTS INTO LONGS. IF NIFTY TRADES ABOVE 4510 THEN WE CAN SEE NIFTY TO TOUCH 4550 THIS IS THE VERY HIGH RESISTANCE POINT AND IF IT BREACHES THEN THE ULTIMATE RESISTANCE AT 4600 AND ONCE IF NIFTY HAS CROSSED THIS THEN NIFTY WILL HIT THE NEW HIGHS

BUY APIL ABOVE 517 SL 504 TGT 540/556
BUY JPHYDRO 83.5 SL 81.30 TGT 85/87.7/90
BUY CIPLA SL 283.40 TGT 294/297
SELL BHARTI BELOW 845 SL 851 TGT 836/824/812
SELL BHEL BELOW 2268 SL 2286 TGT 2244/2222
SELL HDFC BANK BELOW 1473 SL 1485 TGT 1450/1435/1415
SELL ONGC BELOW 1060 SL 1074 TGT 1037/1023
SELL BANK NIFTY BELOW 7550 SL 7601 TGT 7455/7347/7200
POSITIONAL
BUY UTV SOFT TGT 450
BUY ETC NETWORK TGT 145

INTRADAY TIPS FOR 20 JULY 2009

GOOD MORNING!!!

THE KEY BENCHMARK INDICES PARED GAINS AFTER SURGING TO FRESH DAY'S HIGH. AUTO, IT, AND BANKING STOCKS LED THE RALLY. FIRM GLOBAL MARKETS BOOSTED SENTIMENT. FINANCE SECRETARY ASHOK CHAWLA'S COMMENTS THAT THE GOVERNMENT'S RECORD MARKET BORROWING PROGRAMME WOULD NOT PRESSURE BOND YIELDS AND INTEREST RATES FURTHER BOLSTERED BULLS. REVIVAL OF THE ANNUAL MONSOON THIS MONTH ALSO UNDERPINNED SENTIMENT. INDIA'S MONSOON HAS REVIVED THIS MONTH AFTER A DISMAL START LAST MONTH. RAINFALL IN THE WEEK TO 10 JULY WAS 6% MORE THAN THE LONG-TERM AVERAGE. FOR THE 1 JUNE-15 JULY PERIOD IT WAS 27% BELOW NORMAL, IMPROVING FROM A DEFICIT OF 36% UP TO 8 JULY. THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET, IS STRONG, WE WOULD ADVICE YOU TO STAY CAUTIOUS ON THIS VERY FAST MOVE FROM 3905 TO 4399 WHICH IS ALMOST 500 POINTS NON-STOP RALLY UNLESS OTHERWISE NIFTY STAYS ABOVE 4440 AND CLOSES ONE CAN EXIT THEIR LONG POSITIONS ON CLOSING IF NIFTY DOES NOT CLOSE ABOVE 4440 LEVELS AS MARKET SHOULD CONSOLIDATE ON THIS FIRM MOVE, TO MOVE FURTHER UPSIDE OR DOWNSIDE SO IN THIS CONSOLIDATION PHASE ONE SHOULD EXIT AND WATCH THE SHOW UNTIL THE LEVELS SPECIFIED BELOW ARE CROSSED.

TODAY MARKET WOULD OPEN IN POSITIVE AND MAY HIT A TARGET OF 4440 ON THE UPSIDE AND IF NIFTY MANAGES TO STAY ABOVE 4440 THEN ONE CAN SEE NIFTY AT 4550 LEVELS AND IT IS EVIDENT THAT MARKET WOULD COME DOWN BY ATLEAST 200 POINTS AFTER IT TRADES BELOW ANY OF THE LEVEL SPECIFIED. ONE IS ADVICED NOT TO SHORT ANYWHERE OTHER THAN SPECIFIED LEVELS. AND TODAY IF NIFTY TRADES BELOW 4380 THEN WE CAN SEE NIFTY AT 4344 AND IF NIFTY CLOSES BELOW 4344 THEN ONE CAN SEE NIFTY IMMEDIATELY AT 4280 LEVELS. ONE IS ADVICED TO STAY VERY CAUTIOUS IN THE MARKET WITH STRICT STOPLOSS.

BUY M&M SL 774 TGT 790/815
BUY RELIANCECAP SL 854 TGT 885/900
BUY HCL TECH 212 SL 209 TGT 218/221.8
3I INFOTECH SL 69 TGT 77/80
EVERONN SYS SL 352 TGT 369/376
MOSER BAER SL 74 TGT 80/82
UNITECH SL 74 TGT 80/82

POSITIONAL
AXIS IT&T 24 (BUY IT WITHOUT STOPLOSS FOR A TARGET OF 45/70/100)*** MUST BUY
BUY ESSAR OIL TGT 153/166/175/183/189 **
GTL INFRA 34 TGT 48*
BUY SAKTHI SUGARS TGT 67
BUY MLL TGT 63/67/69
BUY INDIAN HOTELS TGT 69/74
*** VERY STONG **STRONG *GOOD

INTRADAY TIPS FOR 17 JULY 2009

GOOD MORNING!!!

YESTERDAY MARKETS HAVE GONE QUITE WELL IN THE INITIAL TRADES BUT COULD NOT SUSTAIN IT MUCH LONGER THE MARKET WAS VERY VOLATILE AND THE VOLUMES YESTERDAY WERE NOT AS CONVINCING SO IT STILL ADVICEABLE TO STAY LONG THEN GOING ON THE SHORT SIDE AT THIS MOMENT MARKETS ARE SHOWING SOME KIND OF CONSOLIDATION AT THIS LEVELS BUT THE WAY MARKET MOVED AT THE END STILL SHOWS A BULLISH SIGN IN THE MARKET SO ADVICED TO STAY CAUTIOUS. METALS AND PHARMA LOOKS LITTLE WEAK. IT, MIIDCAP, EDUCATION, OIL LOOKS STRONG.
TODAY NIFTY IF TRADES ABOVE 4227 THEN WILL LEAD THE MARKET TO 4290 LEVELS AND IF MARKET SUSTAIN AND TRADES ABOVE THEN ONE CAN SEE NIFTY AROUND 4314 LEVELS AND IF NIFTY CLOSES ANYWHERE ABOVE 4256 THEN ONE IS ADVICED TO REMAIN LONG AND CLOSING OF NIFTY ABOVE 4300 IS CONSIDERED TO BE VERY BULLISH AND ONE CAN SEE MARKETS AROUND 4440 (MAX) IN THE NEAR TERM. AND IF NIFTY TRADES BELOW 4211 THEN ONE CAN SEE IT 4164 AND CLOSING BETWEEN 4164 AND 4211 ONE IS ADVICED TO STAY AWAY EXITING ALL THE POSITIONS AS IT IS NO TRADING ZONE AND CLOSING BELOW 4164 ONE HAS TO EXIT THEIR HOLDINGS.

BUY MARUTI SL 1134 TGT 1158/1176
BUY CENTURY SL 402 TGT 424/437/444
BUY LT SL 1366 TGT 1400/1415
BUY HDFCBANK SL 1388 TGT 1407/1427/1442/1458
SELL STER ONLY BELOW 590 SL 602 TGT 571/566/555/541
SELL DR REDDY BELOW 755 SL 766 TGT 737

INTRADAY TIPS FOR 16 JULY 2009

GOOD MORNING!!!

MARKETS EXTENDED TUESDAYS STRONG GAINS TRACKING POSITIVE GLOBAL CUES. FINANCE MINISTER PRANAB MUKHERJEE'S STATEMENT ON TUESDAY THAT COUNTRY AIMS TO RETURN TO A PATH OF FISCAL PRUDENCE TO ENSURE MODERATE INTEREST RATES HAS FURTHER SOOTHED NERVES OF INVESTORS. HIGHER FISCAL DEFICIT HAD BEEN A MAJOR CAUSE OF CONCERN FOR THE INVESTORS. ASIAN STOCKS GAINED FOR A SECOND DAY YESTERDAY, LED BY TECNNOLOGY AND MINING COMPANIES. BANK STOCKS ROSE ON BARGAIN HUNTING AFTER A RECENT STEEP SLIDE TRIGGERED BY DISAPPOINTMENT IN THE BUDGET. CONTRARY TO MARKET EXPECTATIONS, THE GOVERNMENT DID NOT ANNOUNCE FINANCIAL SECTOR REFORMS IN THE BUDGET. MARKET EXPECTATIONS ON FINANCIAL SECTOR REFORMS WERE HIGH. THE GOVERNMENT'S ANNUAL ECONOMIC SURVEY RELEASED AHEAD OF THE BUDGET HAD CALLED FOR A PHASED INCREASE IN THE FOREIGN DIRECT INVESTMENT LIMIT IN BANKS. YESTERDAY WE HAVE SEEN CAPITAL GOODS, AUTO, OIL & GAS, POWER, INFRASTRUCTURE ARE THE TOP GAINERS

TODAY MARKET WOULD OPEN GAP UP AND MAY TOUCH 4300 IF NIFTY MANAGES TO TRADES ABOVE 4256 THEN NIFTY WOULD TOUCH 4339 IN TODAYS TRADE AND ANYTHING CLOSE ABOVE THIS LEVEL THEN MARKET WOULD TAKE NIFTY TO 4387 AT THIS LEVEL MAY SEE GOOD RESISTANCE. FOR NOW MARKET IS LOOKING VERY BULLISH AND GLOBAL QUES ARE SUPPORTING ITS AGGRESSIVE MOVE TOWARDS NORTH. ON THE NEGATIVE SIDE NIFTY ONLY BELOW 4212 MAY COME DOWN TO 4173 ONE CAN SEE SOME DOWN TREND ONLY BELOW 4173 ELSE IT’S A LITTLE RETRACEMENT WHERE ONE SHOULD AVOID SHORTING, IT IS ADVICEBLE TO STAY WITH THE TREND TILL NIFTY BREACHES 4173 LEVELS.

BUY RELIANCE CAPITAL SL 810 TGT 835
BUY RECL SL 175 TGT 183.5
BUY WELSPUN SL 201.9 TGT 209/212/215
BUY ISPAT SL 19.3 TGT 20.5/21.2/21.7/22.3
BUY ESSAR OIL SL 130 TGT 142/146/152
BUY RELIANCE ENERGY SL 1089 TGT 1130/1158/1167
BUY RELIANCE SL 1867 TGT 1909/1932

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