INTRADAY TIPS FOR 17 AUGUST 2009

GOOD MORNING!!!
INDICES PROVISIONALLY CLOSED NEAR THE DAY'S LOW ON PROFIT TAKING AHEAD OF THE WEEKEND AFTER THURSDAY. OIL & GAS STOCKS BUCKED THE WEAK TREND. IT, BANKING, AUTO, REALTY AND FMCG STOCKS FELL. THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET, WAS STILL POSITIVE BUT WEAK GLOBAL CUES ON THE WEAK CONSUMER DATA OF US HAVE WEAKENED THE MARKET WEAK CHINESE STOCKS AND POOR MONSOON TRIGGERED PROFIT TAKING AND MAY PROFIT TAKING MAY FOLLOW EVEN TODAY. THE MAJOR CAUSE OF CONCERN IS INVESTORS ARE WORRIED ABOUT POOR RAINS. MONSOON WAS 56% BELOW NORMAL IN WEEK TO 12 AUGUST 2009 AND WAS 72% BELOW NORMAL IN THE SOYABEAN GROWING CENTRAL REGION IN PAST ONE WEEK, INDIA METEOROLOGICAL DEPARTMENT (IMD) SAID ON THURSDAY. MONSOON RAINS WERE 29% BELOW NORMAL DURING THE PERIOD FROM 1 JUNE 2009 TO 12 AUGUST 2009. INDIA RELIES ON RAIN FOR 60% OF ITS IRRIGATION AND ON AGRICULTURE FOR 17% OF ITS ECONOMY.

TODAY MARKET WOULD BE NEGATIVELY BIASED TRADING BELOW 4550 WOULD TAKE NIFTY TO 4480 AND HERE NIFTY MIGHT TAKE SUPPORT AND BREAK BELOW THIS LEVEL IS CRUCIAL AND ONE CAN SEE NIFTY TO COME DOWN MUCH MORE. IF NIFTY CLOSES BELOW 4460 WOULD TAKE NIFTY TO 4342. ON THE UPSIDE NIFTY AFTER TOUCHING 4480 MAY SEE A PULL BACK TO 4530 AND TRADING ABOVE THIS POINT AFTER MAKING DAY LOW WOULD TAKE NIFTY TO THE MAXIMUM OF 4587 IF NIFTY TRADES ABOVE 4587 ONE CAN SEE NIFTY TO TRADE MUCH HIGHER THAN EXPECTED WHICH IS REMOTE.

BUY HCC SL 102 TGT 109/112
BUY FRESENIUS KABI ONCOLOGY SL 64 TGT 70/72
BUY TIME TECHO AT 40 SL 34 TGT 48/52 (CAN HOLD)
BUY HIND ALUMINIUM AT 37 SL 29 TGT 50/60 (CAN HOLD)
SELL RCOM BELOW 257 SL 261 TGT 250/242
SELL ABAN BELOW 1168 SL 1181 TGT 1142/1100
SELL ISPAT SL 23 TGT 22.25/21.30
SELL SUZLON SL 89 TGT 86.6/85
SELL HDFC SL 2330 TGT 2280/2260/2230

INTRADAY TIPS FOR 14 AUGUST 2009

GOOD MORNING!!!
INDICES SOARED AS PROPOSED A SURGE IN INDUSTRIAL PRODUCTION IN JUNE 2009 REINFORCED EXPECTATIONS THAT THE ECONOMY IS RECOVERING. A DRAFT DIRECT TAX CODE WHICH PROPOSES TO REDUCE TAX RATES ON INDIVIDUALS AND CORPORATES AND SCRAPPING OF THE SECURITIES TRANSACTION TAX (STT), ALSO BOOSTED SENTIMENT. THE RALLY ON THE DOMESTIC BOURSES WAS ALSO A PART OF RALLY ACROSS GLOBAL STOCKS TRIGGERED BY SIGNS OF A REVIVAL IN THE GLOBAL ECONOMY AND THE US FEDERAL RESERVE'S DECISION ON WEDNESDAY, 12 AUGUST 2009, TO KEEP INTEREST RATES LOW FOR A PROLONGED PERIOD. BULLS, NONETHELESS, TOOK HEART FROM THE ROBUST INDUSTRIAL PRODUCTION DATA. IN SHARP CONTRAST TO THE GLOOM IN THE FARM SECTOR, INDIA'S INDUSTRIAL OUTPUT EXPANDED 7.8% IN JUNE 2009, AT THE FASTEST PACE IN 16 MONTHS, BEATING FORECASTS BY A WIDE MARGIN

TODAY IF MARKET SUSTAINS ABOVE 4634 THEN IT WILL HAVE ITS NEXT JOURNEY TO 4674 BREAK ABOVE THIS LEVEL WOULD FACE A CRUCIAL RESISTANCE AT 4700. AND ON THE DOWNSIDE BREAK BELOW 4497 MARKET WOULD COME DOWN TARGETTING TO 4442 AND BELOW THIS LEVEL IT CAN TAKE NIFTY TO 4337 AND IF NIFTY CLOSES BELOW 4444 THEN THERE WOULD BE BLOOD BATH SO BE CAREFUL AND STRICTLY FOLLOW THE LEVELS INDICATED ABOVE.

STAY CAUTIOUS IN THIS MARKET AS IT MAY TURN NEGATIVE WIHTOUT ANY INDIATION

BUY BANK OF INDIA SL 320 TGT 329/337
BUY GMR INFRA SL 137.1 TGT 140/143/145
BUY ICSA SL 174 TGT 183/187/191
BUY JINDAL SAW SL 572 TGT 589/595/604
BUY JPASSOCIATES SL 219 TGT 234/239/243
BUY JP HYDRO SL 86.9 TGT 90/92
BUY MTNL SL 99.7 TGT 102.5/103.2
BUY RELCAPITAL SL 851 TGT 871/886
BUY MARUTI ABOVE 1370 SL 1359 TGT 1393/1404/1416/1432
BUY SBI ABOVE 1805 SL 1779 TGT 1829/1855
BUY KRBL SL 127 TGT 135/139
BUY IBREAL SL 241 TGT 252/255
BUY SUZLON SL 87 TGT 94/98

SELL APTECH BELOW 206 SL 210 TGT 197/190/177

POSITIONAL TRADES
BUY NIIT TECH TGT 160***

BUY HIND RECTIFIERS TGT 85/100/120**

BUY PHOTOQUIP INDIA TGT 50**
BUY DEEP INDUSTRIES TGT 109
BUY ESCORTS TGT 89
BUY GSPL TGT 88
BUY BALAJI TELE TGT 66
BUY BIHAR TUBES TGT 65

INTRADAY TIPS FOR 13 AUGUST 2009

GOOD MORNING!!!
INDICES REGISTERED SMALL LOSSES ON WEDNESDAY, RECOVERING SHARPLY FROM A STEEP INTRADAY SLIDE TRIGGERED BY A SHARP SETBACK IN CHINESE STOCKS. STRONGER-THAN-EXPECTED DOMESTIC INDUSTRIAL PRODUCTION DATA AND RECOVERY IN EUROPEAN STOCKS AIDED THE REBOUND IN THE SECOND HALF OF THE TRADING SESSION. CONCERNS ABOUT THE SPREAD OF SWINE FLU REMAIN. INDIA CRACKED DOWNON PRICE GOUGING AND HOARDING OF FACE MASKS AND FLU DRUGS ON WEDNESDAY AS THE TOLL FROM SWINE FLU CLIMBED TO 17.IN MUMBAI, INDIA'S FINANCIAL HUB, SCHOOLS AND COLLEGES WERE CLOSED FOR A WEEK AND CINEMA HALLS SHUT FOR THREE DAYS. THE BOLLYWOOD FILM INDUSTRY ALSO PUT OFF BIG RELEASES AND CANCELLED SHOOTS. THE HEALTH MINISTRY ASKED STATES TO SET UP MORE SCREENING CENTRES AND PROD PRIVATE HOSPITALS TO HELP COPE WITH LARGE NUMBERS OF PEOPLE DEMANDING TESTS.

THE KEY BENCHMARK INDICES SET TO GAIN TRACKING FIRM GLOBAL CUES AND JUMP IN DOMESTIC INDUSTRIAL OUTPUT DATA. HOWEVER, WORRIES OVER SCANTY RAINS AND SWINE FLU SCARE MAY CAP UPSIDE. INVESTORS WILL KEENLY WATCH INDIA'S WHOLESALE PRICE INDEX (WPI) DATA IN THE 12 MONTHS TO 1 AUGUST DUE TO BE ANNOUNCED BY THE GOVERNMENT TODAY. MARKETS TODAY WOULD BE POSITIVELY BIASED IF NIFTY SUSTAINS ABOVE 4500 THEN ONE CAN SEE NIFTY TO MOVE TO 4544 AND SUSTAIN ABOVE THIS LEVEL WOULD TAKE NIFTY TO 4576 AND BREAK BELOW 4388 IS THE KEY LEVEL FOR THE DOWNSIDE

BUY PUNJ LLOYD SL 227 TGT 237/243/246
BUY TECH MAHINDRA SL 825 TGT 868/890
BUY ABAN SL 1129 TGT 1218/1249
BUY ADLABS SL 311 TGT 329/334/340/349
BUY BHARTI SL 398 TGT 412/419/428
BUY DLF SL 369 TGT 383/391/407

INTRADAY TIPS FOR 12 AUGUST 2009

GOOD MORNING!!!

POSTING SMALL GAINS AFTER A STRAIGHT THREE DAY LOSSES IN A HIGHLY VOLATILE SESSION THE SENSEX ALTERNATIVELY HOVERED UP AND DOWN TO THE PSYCHOLOGICAL 15,000 MARK, ULTIMATELY CLOSING ABOVE THAT MARK. THE SENSEX SURGED IN EARLY AFTERNOON TRADE AFTER FINANCE MINISTER PRANAB MUKHERJEE SAID THE GOVERNMENT IS PREPARED TO MANAGE A DROUGHT AND A CONTINGENCY PLAN WAS ALSO IN PLACE. THE MARKET JUMPED TO HIT FRESH INTRADAY HIGH IN MID-AFTERNOON TRADE. A SUDDEN SLIDE PULLED THE MARKET INTO THE RED SHORTLY THEREAFTER BUT MANAGED TO CLOSE IN POSITIVE TERRAIN. THE MOST WORRYING FACTOR FOR THE INVESTORS IS ABOUT THE SCANTY RAINS WHICH MAY HAMPER A NASCENT REVIVAL IN THE DOMESTIC ECONOMY. SUGARS WERE VERY SWEET ALONG WITH PHARMA AND REALITY SPACE

TODAY MARKETS WOULD BE RANGE BOUND EVEN THOUGH MARKETS OPEN IN RED BUT ONE HAS TO KEEP AN EYE ON THE KEY LEVEL OF 4388 IF NIFTY BREAKS THIS LEVEL THEN WE CAN SEE NIFTY TO SEE 4337 AND THEN 4282 LEVELS, STRONGEST SUPPORT FOR NIFTY IS AT 4388 SO ONE NEEDS TO BE VERY CAUTIOUS AT THIS LEVELS. ON THE UPSIDE IF NIFTY BREAKS ABOVE 4510 THEN WE CAN SEE NIFTY TO MOVE TO 4544 AND BREAK ABOVE THIS LEVEL ONE CAN GO FOR BUYING POSITIONALLY CLOSING ABOVE 4544 IS A GOOD SIGN FOR THE MARKETS.

BUY JINDAL STEEL AT 2840 LEVELS SL 2800 TGT 2870/2900/2963
BUY GVKPIL AT 45.5 SL 44.60 TGT 48/49/50
BUY HDIL AT 260 SL 252 TGT 269/276
BUY GAIL AT 327 SL 323.80 TGT 337/342
BUY RANBAXY AT 275 SL 273.3 TGT 281/284/287

INTRADAY TIPS FOR 11 AUGUST 2009

GOOD MORNING!!!

INDICES EXTENDED LOSSES FOR THE THIRD STRAIGHT DAY ON WEAK EUROPEAN CUES STOCKS. FEARS OF SCANTY RAINS ALSO WEIGHED ON THE SENTIMENT SENSEX FELL 894.06 POINTS OR 5.62% IN LAST THREE TRADING SESSIONS SENSEX FELL BELOW THE PSYCHOLOGICAL 15,000 MARK IN LATE TRADE BUT REGAINED THAT LEVEL LATER. AUTO, CAPITAL GOODS AND FMCG STOCKS FELL EVEN AS IT STOCKS ROSE. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL) FELL IN VOLATILE TRADE. THE MARKET PARED GAINS AFTER A FIRM START TRIGGERED BY BETTER-THAN-EXPECTED US AND JAPANESE ECONOMIC DATA. IT LOST FURTHER GROUND LATER, SLIPPING INTO THE RED FROM GREEN AS BELOW NORMAL MONSOON RAINS AND SPREAD OF THE DEADLY SWINE FLU IN THE COUNTRY WEIGHED ON THE SENTIMENT. OVERALL MARKET BREADTH AND SENTIMENT REMAINS WEAK.

MARKETS TODAY WOULD BE RANGE BOUND. IF NIFTY BREAKS 4388 AND TRADES BELOW THIS THEN WE CAN SEE NIFTY TO SEE A LEVEL OF 4337 AND BREAK BELOW THIS LEVEL WOULD DEFINITELY TAKE NIFTY TO 4200 KIND OF LEVELS. AND ON THE POSITIVE SIDE IF TRADES ABOVE 4428 THEN WE CAN SEE NIFTY TO MOVE TO 4494 AND TRADE ABOVE THIS LEVEL WOULD TAKE NIFTY TO 4550 AND ABOVE THIS POINT ONE CAN TAKE FRESH LONG POSITIONS UNTIL THEN IT IS ADVISED TO STAY ON THE SIDELINES ON THE LONG SIDE.

BUY YES BANK SL 145 TGT 157/159.7/162
BUY AXIS BANK SL 829 TGT 854/865
BUY STRIDES ARCOLAB WILL HIT UPPER CIRCUIT
SELL ABAN BELOW 1040 SL 1060 TGT 1016/998
SELL BPCL SL 510 TGT 488/476
SELL ACC SL 824 TGT 796/786

INTRADAY TIPS FOR 11 AUGUST 2009

GOOD MORNING!!!

INDICES EXTENDED LOSSES FOR THE THIRD STRAIGHT DAY ON WEAK EUROPEAN CUES STOCKS. FEARS OF SCANTY RAINS ALSO WEIGHED ON THE SENTIMENT SENSEX FELL 894.06 POINTS OR 5.62% IN LAST THREE TRADING SESSIONS SENSEX FELL BELOW THE PSYCHOLOGICAL 15,000 MARK IN LATE TRADE BUT REGAINED THAT LEVEL LATER. AUTO, CAPITAL GOODS AND FMCG STOCKS FELL EVEN AS IT STOCKS ROSE. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL) FELL IN VOLATILE TRADE. THE MARKET PARED GAINS AFTER A FIRM START TRIGGERED BY BETTER-THAN-EXPECTED US AND JAPANESE ECONOMIC DATA. IT LOST FURTHER GROUND LATER, SLIPPING INTO THE RED FROM GREEN AS BELOW NORMAL MONSOON RAINS AND SPREAD OF THE DEADLY SWINE FLU IN THE COUNTRY WEIGHED ON THE SENTIMENT. OVERALL MARKET BREADTH AND SENTIMENT REMAINS WEAK.

MARKETS TODAY WOULD BE RANGE BOUND. IF NIFTY BREAKS 4388 AND TRADES BELOW THIS THEN WE CAN SEE NIFTY TO SEE A LEVEL OF 4337 AND BREAK BELOW THIS LEVEL WOULD DEFINITELY TAKE NIFTY TO 4200 KIND OF LEVELS. AND ON THE POSITIVE SIDE IF TRADES ABOVE 4428 THEN WE CAN SEE NIFTY TO MOVE TO 4494 AND TRADE ABOVE THIS LEVEL WOULD TAKE NIFTY TO 4550 AND ABOVE THIS POINT ONE CAN TAKE FRESH LONG POSITIONS UNTIL THEN IT IS ADVISED TO STAY ON THE SIDELINES ON THE LONG SIDE.

BUY YES BANK SL 145 TGT 157/159.7/162
BUY AXIS BANK SL 829 TGT 854/865
BUY STRIDES ARCOLAB WILL HIT UPPER CIRCUIT
SELL ABAN BELOW 1040 SL 1060 TGT 1016/998
SELL BPCL SL 510 TGT 488/476
SELL ACC SL 824 TGT 796/786

INTRADAY TIPS FOR 10 AUGUST 2009

GOOD MORNING!!!

INDICES POSTED SECOND STRAIGHT DAY OF LOSSES, AS WEAK GLOBAL STOCKS AND BELOW NORMAL RAINS WEIGHED ON INVESTOR SENTIMENT. STRONG RESPONSE TO THE INITIAL PUBLIC OFFER (IPO) OF NHPC HAS RAISED CONCERNS IT HAS AND WILL SUCK OUT LIQUIDITY FROM THE SECONDARY MARKET. POWER, AUTO, REALTY AND BANKING STOCKS WERE THE MAJOR LOSERS. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL) SLUMPED. SCANTY RAINS REMAINS A CAUSE OF CONCERNS FOR INVESTORS. THE SOUTH WEST MONSOON RAINS WERE 64% BELOW NORMAL IN THE PAST SEVEN DAYS TO 5 AUGUST 2009, DIPPING FOR THE SECOND STRAIGHT WEEK AT A CRUCIAL PERIOD FOR OILSEEDS AND SUGARCANE, AND RAISING CONCERNS OF RISING FOOD PRICES. LAST WEEK'S RAINFALL WAS THE WORST SINCE MID-JUNE, WHILE TOTAL RAINFALL SINCE THE START OF SEASON ON 1 JUNE 2009 WAS A QUARTER BELOW AVERAGE, THE INDIA METEOROLOGICAL DEPARTMENT SAID ON THURSDAY. BUT THE GLOBAL RALLY MAY COOL THE NEGATIVE IMPACT OF MANSOON FOR A WHILE AND MEANWHILE IF FORTUNE FAVOURS AND FARMERS THEN THE SENTIMENT OF MARKET WOULD BE MUCH MORE BULLISH.

TODAY WE CAN SEE A GAP UP OPEN IN THE MARKETS WITH GLOBAL INDICES FAVORING BULLS. TODAY IF NIFTY TRADES ABOVE 4473 ONE CAN GO FOR BUYING WITH A STOPLOSS OF 4444 ABOVE 4473 MARKET CAN HIT 4515 AND SUSTAIN ABOVE THIS LEVEL MARKET CAN SEE 4600 LEVELS AND ON THE DOWNSIDE IF MARKET TRADES BELOW 4444 THEN ONE CAN EXIT LONGS AND GO FOR FRESH SHORTS ONLY IF MARKET CLOSES BELOW 4444 THEN GO FOR SHORTS IN THE CLOSING ONE HAS TO ACCEPT THAT THE MARKET IS BULLISH BOUNCE BACK OF 100 POINTS IN NIFTY WILL TURN THE TREND BULLISH SO ONE HAS TO BE VERY CAUTIOUS ON THE DOWN SIDE AND IF NIFTY CLOSES ABOVE 4600 THEN ONE IS ADVISED TO STAY AWAY FROM SHORTS STRICTLY. TODAY WE CAN SEE RALLY IN METAL SPACE, SUGARS, REALITY AND AUTO.

BUY DHAMPUR SUGARS SL 76 TGT 78/82/105**
BUY STER SL 622 TGT 656/670
BUY JINDAL STEEL SL 2700 TGT 2827/2861/2909/2970
BUY RENUKA ABOVE 174 SL 172 TGT 180/186/194
BUY ABAN ABOVE 1075 SL 1060 TGT 1097/1145/1175
BUY INDIA BULLS ABOVE 190 SL 187 TGT 194/203/208
BUY SRF SL 134.8 TGT 145/150.