INTRADAY TIPS FOR 31 JULY 2009

GOOD MORNING!!!
THE KEY BENCHMARK INDICES PARED GAINS IN AFTERNOON TRADE AS INDEX HEAVYWEIGHT RELIANCE INDUSTRIES FELL. IT, REALTY, CEMENT, CONSTRUCTION, POWER STOCKS ROSE. INDIA'S BIGGEST BANK IN TERMS OF BRANCH NETWORK STATE BANK OF INDIA (SBI) ROSE AFTER GOOD Q1 RESULT. FIRM GLOBAL STOCKS SUPPORTED DOMESTIC MARKET. THE MARKET BREADTH WAS POSITIVE. VOLATILITY WAS HIGH AS TRADERS ROLLED OVER POSITIONS FROM JULY 2009 CONTRACTS TO AUGUST 2009 CONTRACTS IN THE FUTURES & OPTIONS SEGMENT AHEAD OF THE EXPIRY OF JULY 2009 CONTRACTS TODAY, 30 JULY 2009. ROLLOVER OF NIFTY POSITIONS FROM JULY 2009 CONTRACTS TO AUGUST 2009 CONTRACTS WAS ABOUT 60% AT THE END OF WEDNESDAY'S (29 JULY 2009) TRADING. ROLLOVER IN MINI NIFTY FUTURES WAS ABOUT 43%. THE Q1 JUNE 2009 RESULTS ANNOUNCED SO FAR HAVE BEEN ENCOURAGING, WITH LOWER COSTS HELPING BOTTOMLINE GROWTH. THE COMBINED NET PROFIT OF 1357 COMPANIES ROSE 27% TO RS 61,979 CRORE ON 6.7% FALL IN SALES TO RS 5,65,811 CRORE IN Q1 JUNE 2009 OVER Q1 JUNE 2008.

TODAY MARKET LOOKS GREAT FOR LONGS ONE CAN REMAIN LONG AS LONG AS NIFTY IS ABOVE 4600 AND ONE HAS TO EXIT SHORT ABOVE 4650 AND CAN SEE NIFTY TO MOVE UPTO 5000 LEVELS IN THE VERY NEAR TERM IF NIFTY SUSTAINS ABOVE 4700 IT IS QUITE EVIDENT THAT MARKET WOULD SURPASS ALL THE RECENT HIGHS OF THE PAST. FOR INTRADAY IF MARKET CROSSES 4574 THEN IT IS QUITE EVIDENT THAT IT WILL TOUCH 4651 AND IF IT SUSTAINS ABOVE 4651 AND CLOSES THEN ONE CAN CARRY THEIR POSITIONS. ON THE NEGATIVE SIDE IF MARKET TRADES BELOW 4560 THEN ONE CAN GO SHORT WITH A STOPLOSS OF 4600 ONE CAN REMAIN SHORT AS LONG AS NIFTY IS BELOW 4600.

BUY SASKEN SL 115 TGT 125/130
BUY CAIRN SL 230 TGT 238/242
BUY ICSA SL 184 TGT 193/200
BUY M&M SL 840 TGT 870/881/900
BUY TATASTEEL SL 441 TGT 464/489
BUY IDFC SL 132 TGT 138/142

INTRADAY TIPS FOR 30 JULY 2009

GOOD MORNING!!!

INDICES CRASHED ON FRENZIED SELLING IN INDEX PIVOTALS IN EARLY AFTERNOON TRADE WITH ONGOING TENSION ON THE INDO-CHINA BORDER AGGRAVATED THE FALL. STOCKS WITH HIGH BETA VALUES WERE THE WORST HIT. MARKET BREADTH TURNED WEAK AFTER A POSITIVE START FOR THE DAY. MARKET THOUGH TURNED WEAK ON HUGE HUGE VOLUMES ONE CANNOT RULE OUT THAT BULL RUN IS COLLAPSED. IT IS WISE TO TRADE IN LESS QUANTITY OR STAY AWAY FROM MARKET FOR TODAY AS THERE IS CLOSING OF CONTRACT FOR THE MONTH OF JULY.

TODAY IF NIFTY BREACHES 4500 AND TRADES BELOW IT THEN ONE CAN SEE NIFTY AROUND 4440 AND BREACH BELOW THIS LEVEL WOULD DRIVE THE MARKET TO 4404 LEVELS AND BREACH BELOW THIS LEVEL WOULD TURN MARKET COMPLETELY TO THE NEGATIVE ZONE, ONE CAN TAKE SHORT POSITIONS IF NIFTY CLOSES BELOW 4400 LEVELS WITHOUT ANY HESITATION. IF NIFTY CROSSES 4525 AND TRADES THEN WE CAN SEE NIFTY TO SPIKE UPTO 4560 LEVELS AND THEN WE MAY SEE SOME RESISTANCE THERE AND IF MANAGED TO TRADE ABOVE THEN 4604 IS THE TARGET 4642. IF NIFTY CROSSES 4600 EXIT YOUR SHORTS WHEN NIFTY CROSSES 4650 IT IS ADVISED TO GO LONG.

BUY HEROHONDA ABOVE 1637 SL 1619 TGT 1679/1706
BUY JINDAL STEEL 3120 SL 3049 TGT 3200/3238/3290
BUY ROLTA 148 SL 146.4 TGT 150/152
BUY DLF ONLY ABOVE 403 SL 393 TGT 413/422/432
SELL HDIL BELOW 268 SL 271.7 TGT 258/254/245/237
SELL TATASTEEL BELOW 442 SL 446.5 TGT 432/421

INTRADAY TIPS FOR 29 JULY 2009

GOOD MORNING!!!

INDICES ENDED WITH MODEST LOSSES AFTER SWINGING WILDLY EITHER WAYS DURING THE COURSE OF THE DAY. VOLATILITY ROSE AFTER THE RESERVE BANK OF INDIA RAISED INFLATION AND GDP GROWTH FORECAST WHILE KEEPING KEY POLICY RATES UNCHANGED AT THEIR HISTORICAL LOW LEVEL AT A QUARTERLY MONETARY POLICY REVIEW. EUROPEAN MARKETS WERE SLIGHTLY LOWER AND MOST ASIAN STOCKS ROSE. POOR Q1 RESULTS CONTINUED TO WEIGH ON THE INDEX HEAVYWEIGHT RELIANCE INDUSTRIES FOR THE SECOND DAY IN A ROW. BANKING SHARES SLIPPED. HOWEVER POWER STOCKS ADVANCED. THE MARKET WAS VOLATILE. AFTER A FIRM START TRIGGERED BY GOVERNMENT SOPS TO STIMULATE THE ECONOMY ANNOUNCED AFTER TRADING HOURS ON MONDAY, 27 JULY 2009, THE MARKET SOON SLIPPED INTO THE RED. IT CUT LOSSES AFTER THE RBI'S POLICY ANNOUNCEMENT AT ABOUT 11:15 IST. HOWEVER THE INTRADAY RECOVERY PROVED SHORT LIVED. THE MARKET WEAKENED AGAIN. THE MARKET BOUNCED BACK ONE AGAIN IN AFTERNOON TRADE AS THE RBI KEPT POLICY RATES AT RECORD LOW LEVELS. THE SENSEX HIT ITS HIGHEST LEVEL IN MORE THAN A MONTH. HOWEVER, THE MARKET FAILED TO SUSTAIN HIGHER LEVEL AND ONCE AGAIN SLIPPED INTO THE RED LATER.

TODAY IF NIFTY TRADES BELOW 4532 THEN IT IS LIKELY TO TOUCH 4486 BUT ONE IS ADVICED TO STAY AWAY FROM SHORTS AS MARKET IS LOOKING VERY STRONG STUCTURALLY AND ABOVE 4572 MARKET MAY CROSS 4600 AND THEN 4617 AND IF IT TRADES ABOVE THIS LEVEL THEN ON CAN SEE NIFTY AT 4650 MARKET ON THE UPSIDE IS STRONG THAN ON THE NEGATIVE SIDE. WITH THE FNO SETTLEMENT ONE IS ADVICED TO TRADE LESS AND CAUTIOUSLY AS MARKET WOULD REMAIN RANGE BOUND WITH HIGH VOLATALITY.

BUY RELINFRA 1208 SL 1196 TGT 1222.
BUY TATA MOTORS ABOVE 412 SL 404 TGT 422/428
BUY SESAGOA SL 242 TGT 252/256
BUY HCC FUTURES ABOVE 116 SL 114.5 TGT 119/122
BUY SAIL SL 176 TGT 180/182
BUY BIRLACORP ABOVE 296 SL 291 TGT 304/308
BUY GITANJALI GEMS ABOVE 107.50 SL 103 TGT 112/115
SELL ICICI BANK BELOW 738 SL 749 TGT 725/715

ACCUMULATE EDSERV CALL WAS GIVEN YESTERDAY KEEP ADDING

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)