INTRADAY TIPS FOR 28 JULY 2009

GOOD MORNING!!!

INDICIES ENDED ALMOST UNCHANGED AFTER GYRATING EITHER SIDE THROUGHOUT THE DAY. GLOBAL CUES WERE POSITIVE WITH ASIAN AND EUROPEAN MARKETS TRADING HIGHER. THE MARKET OPENED ON A SUBDUED NOTE AS INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL) FELL ON WEAK Q1 JUNE 2009 RESULTS IT ANNOUNCED AFTER TRADING HOURS ON FRIDAY, 24 JULY 2009 WHICH WERE MUCH LOWER THAN THE STREET EXPECTATIONS . THE MARKET FIRMED UP SOON ON BUYING IN BANKING AND IT PIVOTALS. THE SENSEX HIT ITS HIGHEST LEVEL IN 1-1/2 MONTHS. HOWEVER, THE RALLY PROVED SHORT-LIVED. THE MARKET MAY REMAIN VOLATILE THIS WEEK AS INVESTORS ROLLOVER POSITIONS FROM JULY 2009 CONTACTS TO AUGUST 2009 CONTRACTS AHEAD OF EXPIRY OF JULY 2009 FUTURES AND OPTIONS (F&O) CONTRACT ON THURSDAY, 30 JULY 2009. ANNUAL MONSOON RAINS AFTER A SLUGGISH START. INDIA'S MONSOON RAINS WERE 15% ABOVE NORMAL IN THE WEEK TO 22 JULY 2009, THE SECOND CONSECUTIVE WEEK OF ABOVE-AVERAGE RAINFALL AFTER AN EXCEPTIONALLY DRY PATCH AT THE START OF THE SEASON.

TODAY MARKET WILL BE VOLATILE AND IT IS ADVISED TO ALL THE TRADERS TO BOOK PROFITS WHENEVER ONE CAN DON’T LOOK FOR BIG PROFITS IN THIS WEEK AHEAD OF EXPIRY. MARKET WOULD BE RANGE BOUND, HOWEVER MARKET IS LOOKING STRONG AND REMAINS TO BE ON THE POSITIVE NOTE AS LONG AS IT DOESN’T BREACH 4400 MARK. ONE IS ADVICED TO STAY AWAY TILL IT CROSSES 4600 AND TRADES ABOVE IT AND ONE CAN TAKE FRESH LONG POSITIONS ONLY WHEN MARKET CLOSES ABOVE 4650 TILL THEN IT MAY BE RISKY BET TO GO LONG IN THIS CONDITIONS. IF NIFTY CROSSES 4610 THEN MAY GO UP TO 4640 AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4570 THEN YOU CAN SEE NIFTY TO COME TO 4557 AND THEN TO 4526 AND MAY SEE A BOUNCE ON REACHING THIS LEVELS SO ONE HAS TO TAKE CAUTIOUS TRADES ON THESE LEVELS AND ONE IS ADVICED TO BOOK SMALL PROFITS FOR THIS WEEK BY TRAILING YOUR STOPLOSSES.

BUY IDFC ABOVE 136 SL 134.5 TGT 138/140

BUY TATA MOTORS SL 372 TGT 390/397

BUY SRF SL 141 TGT 148/150
SELL TATA POWER BELOW 1250 SL 1261 TGT 1220/1200
SELL HINDUNILVR SL 301.7 TGT 296.6/294.75
SELL ONGC 1098 SL 1110 TGT 1084

POSTIONAL
BUY EDSERV TGT 100/150 (MEDIUM TERM)

INTRADAY TIPS FOR 27 JULY 2009

GOOD MORNING!!!
KEY BENCHMARK INDICES SURGED, EXTENDING THE GAINING MOMENTUM AFTER AN ENCOURAGING Q1 JUNE 2009 RESULTS, SIGNS OF PICK UP IN THE ECONOMY, REVIVAL OF MONSOON AND FIRM GLOBAL MARKETS, LIFTED SENTIMENT INDEX LAST DAY STRUCK ITS HIGHEST LEVEL IN MORE THAN A MONTH. BUT VOLATILITY REMAINED VERY HIGH. AUTO, REALTY AND METAL SHARES LOGGED SMART GAINS. BANKING SHARES WERE SUBDUED AHEAD OF THE RESERVE BANK OF INDIA'S (RBI) QUARTERLY MONETARY POLICY REVIEW MEET ON TUESDAY, 28 JULY 2009.

MARKET TODAY IS EXPECTED TO REMAIN VOLATILE ONE HAS TO LOOK FOR RELIANCE STOCK AS RESULTS OF RELIANCE WERE DISAPPOINTING AND WERE BELOW THE STREET EXPECTATIONS, MARKET MAY SHOW A REAL TREND FROM TOMORROW FOR TODAY WE MAY SEE VOLATILE SESSION WITH STOCK SPECIFIC MOVES. THE BREADTH OF THE MARKET STILL REMAINS VERY STRONG AND AT A CRUCIAL PHASE OF RESISTANCE ONE IS ADVISED TO STAY AWAY FROM INITIATING LONGS AT THIS LEVELS ONE CAN HOLD POSITIONAL LONGS. FRESH ENTRY INTO LONGS MAY BE INITIATED IF MARKETS CLOSES ABOVE 4650. IF NIFTY TRADES ABOVE 4583 THEN NIFTY MAY MOVE UP TO 4673 AND CLOSE ABOVE 4650 ONE CAN STAY LONG AND CARRY POSITIONS AND ON THE NEGATIVE SIDE IF MARKET TRADES BELOW 4547 THEN ONE CAN SEE NIFTY TO SLIDE DOWN TO 4500 AND CLOSE BELOW 4493 ONE CAN REMAIN SHORT OVERNIGHT.

BUY JPASSOCIATES SL 235 TGT 247/250
BUY OMAXE SL 96 TGT 106/109
BUY NTPC SL 208 TGT 218/222
BUY RANBAXY SL 274 TGT 286/290
BUY IDFC SL 129 TGT 135/138 (ONE CAN HOLD POSITIONALLY FOR A TARGET OF 200)
BUY ANDHRA BANK SL 87 TGT 92/94

INTRADAY TIPS FOR 24 JULY 2009

GOOD MORNING!!!

WE HAVE WITNESSED A GREAT RALLY YESTERDAY WHICH CLEARLY INDICATES THAT MARKET IS VERY BULLISH. ALL THE GLOBAL INDICES ARE SUPPORTING THE MARKETS ALONG WITH STRONG Q1 RESULTS IN AND ACCROSS THE GLOBE. METAL STOCKS WERE THE STAR PERFORMERS OF THE DAY LOGGING SMART GAINS AFTER LMEX, A GAUGE OF SIX METALS TRADED ON THE LONDON METAL EXCHANGE ROSE 1.72% ON WEDNESDAY.

TODAY MARKETS MAY SEE SOME RESISTANCE AT UPPER LEVEL ON PROFIT BOOKING BUT ONE MUST AVOID BUYING AT HIGHER LEVELS TILL NIFTY CROSSES 4600. IF NIFTY CLOSES ABOVE 4600 ONE CAN STRONGLY GO FOR BUYING AND ONE IS ADVISED NOT TO SHORT ANYTHING BELOW 4400. TODAY IF NIFTY CROSSESS AND TRADES ABOVE 4600 THEN NIFTY IS LIKELY TO SEE 4640 AND FACE GOOD RESISTANCE AT THIS PLACE AND IF NIFTY MANAGED TO ABOVE THIS LEVEL THEN IT WILL GO TO 4700 .

BUY ANDHRA CEMENTS SL 24 TGT 30
BUY DLF SL 369 TGT 377/384/392
BUY ACC SL 849TGT 870/877/883
BUY HTMEDIA SL 99 TGT 110/112

INTRADAY TIPS FOR 23 JULY 2009

GOOD MORNING!!!

KEY BENCHMARK INDICES HAVE DROPPED, REVERSING INTRADAY 2% GAINS, AS INVESTORS BOOKED PROFITS AFTER RECENT SHARP RALLY INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL) SLIPPED. CAPITAL GOODS, POWER, IT STOCKS FELL. WEAK EUROPEAN MARKETS AND LOWER US INDEX FUTURES SOURED SENTIMENT. THE MARKET BREADTH WAS NEGATIVE COMPARED TO A STRONG BREADTH EARLIER IN THE DAY. CONCERNS OVER THE PROGRESS OF INDIA'S ANNUAL MONSOON TRIGGERED PROFIT TAKING AFTER A RECENT STRONG RALLY IN SHARE PRICES. INDIA'S LARGEST POWER EQUIPMENT MAKER BY SALES BHARAT HEAVY ELECTRICALS AND INDIA'S LARGEST DEDICATED HOUSING FINANCE COMPANY BY SALES, HDFC DROPPED DESPITE GOOD Q1 RESULTS ANNOUNCED DURING TRADING HOURS. INDIA'S LARGEST OIL EXPLORATION FIRM BY REVENUE ONGC ROSE AHEAD OF ITS Q1 JUNE 2009

WEAK RAINS IS A CAUSE FOR CONCERN. THE LIKELY EMERGENCE OF EL NINO, THE NAME GIVEN TO THE WARMING OF THE PACIFIC OCEAN AND WHICH OFTEN INFLUENCES THE INDIAN MONSOON ADVERSELY, COUPLED WITH THE FAILURE OF THE MONSOON TO GATHER MOMENTUM IN THE KEY NORTH-WESTERN AGRICULTURAL BELT, HAS ADDED TO THE WORRY. UNDER THE CIRCUMSTANCES, THE ASSERTION BY THE INDIA METEOROLOGICAL DEPARTMENT (IMD) THAT MUCH OF THE RAIN DEFICIT IN JUNE WILL BE MADE UP IN JULY (WHICH IS MOSTLY OVER) AND AUGUST HAS FETCHED LITTLE RESULTS. THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET TURNED NEGATIVE FROM STRONG BREADTH EARLIER IN THE DAY.

TODAY IN NIFTY ONE CAN STAY LONG IF NIFTY TRADES ABOVE 4436 FOR A TARGET OF 4472 AND 4505 AND IF NIFTY MANAGES TO CROSS 4505 THEN WE CAN SEE NIFTY TO FACE STRONG RESISTANCE AT 4542 AND ON THE DOWN SIDE IF NIFTY TRADES BELOW 4402 THEN ONE CAN INITIATE SHORTS FOR A TARGET OF 4365 AND THEN 4302. MARKET HAS TAKEN SUPPORT AT THE CRUCIAL LEVEL SO ONE IS EXPECTED TO WAIT TILL THE NIFTY CROSSES OR BREACHES ABOVE SAID LEVELS.

BUY NIFTY SL 4345 TGT 4430/4456/4480/4500
BUY ONGC SL 1079 TGT 1135/1166
BUY MOSER BAER SL 79 TGT 85/87
BUY RANBAXY SL 264 TGT 274/277
BUY SUZLON SL 89 TGT 94/96
BUY ITC ABOVE 218 SL 215 TGT 221/224/226.7
SELL TECHM BELOW 770 SL 783 TGT 752/732/719/704

POSITIONAL TRADES
INOX LIESURE 45 TGT 120. (6 MONTHS)

INTRADAY TIPS FOR 22 JULY 2009

GOOD MORNING!!!

KEY BENCHMARK INDICES FELL IN VOLATILE TRADE AS PROFIT BOOKING EMERGED AFTER A RECENT SOLID SURGE. IT, REALTY AND POWER STOCKS FELL, SOME METAL STOCKS ROSE AFTER TATA STEEL RAISED $500 MILLION FROM AN ISSUE OF GLOBAL DEPOSITORY RECEIPTS. THE MARKET WAS VERY VOLATILE. PROFIT TAKING PULLED THE KEY BENCHMARK INDICES LOWER AFTER A HIGHER START TRIGGERED BY FIRM GLOBAL MARKETS. THE MARKET CUT LOSSES IN MID-MORNING TRADE. HOWEVER, THE INTRADAY RECOVERY PROVED SHORT LIVED AND THE MARKET LOST GROUND AGAIN IN EARLY AFTERNOON TRADE. MARKET LOOKS TO BE CONSOLIDATED BREAK ON EITHER SIDE WILL SHOW THE DIRECTION OF THE TREND IN THE NEAR TERM. WEAK MANSOON HAS LET THE SENTIMENT LITTLE WEAK.

TODAY MARKET WOULD BE VOLATILE AND WOULD BE RANGE BOUND. MARKET STRUCTURALLY STILL REMAINS STRONG BUT I WOULD SUGGEST YOU TO INITIATE LONG ONLY WHEN MARKET CLOSES ABOVE 4550 TILLTHEN ONE CAN STAY SHORT WITH STOPLOSS OF 4550 IF MARKET CLOSES ABOVE THIS LEVEL THEN ONE CAN SEE MARKET TO RACE ANOTHER 300 TO 400 POINTS FROM THERE IN NIFTY. TODAY IF NIFTY BREACHES 4500 AND TRADES THEN WE CAN SEE A STRONG RESISTANCE AT 4547 AND ON THE NEGATIVE SIDE IF NIFTY BREACHES 4440 AND TRADES BELOW THAT LEVEL THEN ONE CAN SEE MARKET TO TAKE SUPPORT AT 4365. IF MARKET CLOSES BELOW 4365 ONE CAN EXIT ALL THEIR LONG POSITIONS AND STAY SHORT.

BUY ANANTRAJ SL 108 TGT 122/127
BUY AXIS BANK 890 SL 877 TGT 908/927
BUY SRF SL 118 TGT 125/127
BUY DCHL ABOVE 82 SL 79 TGT 89/92/96
BUY ADLABS FILMS SL 337 TGT 351/357
BUY DRREDDY ABOVE 797 SL 789 TGT 805/815
SELL BHEL BELOW 2215 SL 2226 TGT 2204/2184/2150
SELL BHARTI BELOW 837.9 SL 846 TGT 820/800

DELIVERY CALL
BUY TULSYAN TGT 85 (MEDIUM TERM IN SMALL QTY)

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