INTRADAY TIPS FOR 28 OCTOBER 2009

GOOD MORNING!!!

ALL THE KEY INDICES REMAINED WEAK AFTER THE RESERVE BANK OF INDIA DID AWAY WITH SOME SPECIAL LIQUIDITY STEPS THAT IT HAD ANNOUNCED IN THE AFTERMATH OF THE GLOBAL FINANCIAL CRISIS. THE RBI HAD PUMPED IN MASSIVE LIQUIDITY IN THE BANKING SYSTEM IN THE PAST ONE YEAR OR SO TO HELP REVIVE THE DOMESTIC ECONOMY IN THE AFTERMATH OF THE GLOBAL FINANCIAL CRISIS. BANKING STOCKS FELL AS THE RBI DID NOT RELAX MARK-TO-MARKET RULES FOR BANK'S DEBT HOLDINGS. THE MARKET HAS BEEN AGOG WITH TALKS OF THE CENTRAL BANK HIKING THE CEILING ON THE PORTION OF GOVERNMENT SECURITIES THAT BANKS CAN PARK IN HELD-TO-MATURITY (HTM). RATE SENSITIVE REALTY STOCKS FELL. METAL STOCKS ALSO DECLINED. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES, TOO, EDGED LOWER. THE RESERVE BANK KEPT ITS BENCHMARK LENDING AND BORROWING RATES ON HOLD AT A QUARTERLY MONETARY POLICY REVIEW ON TUESDAY, 27 OCTOBER 2009. IT ALSO KEPT STEADY CASH RESERVE RATIO AT 5% BUT RAISED THE STATUTORY LIQUIDITY RATIO TO 25% FROM 24% WITH EFFECT FROM 7 NOVEMBER 2009. THE CENTRAL BANK SAID AN ACCOMMODATIVE MONETARY POLICY STANCE IS REQUIRED AS THE ONGOING ECONOMIC RECOVERY WAS "FRAGILE" THE RBI KEPT 2009/10 GDP FORECAST AT 6% WITH UPSIDE BIAS AND SAID IT SEES MODEST DECLINE IN AGRICULTURE. THE RBI RAISED PROJECTION OF INFLATION TO 6.5% WITH AN UPSIDE BIAS AT END MARCH 2010 FROM EARLIER 5%. THE RBI SAID BANK CREDIT REMAINED SLUGGISH AND IT CUT ITS FORECAST FOR ADJUSTED NON-FOOD CREDIT GROWTH IN 2009/10 TO 18% FROM 20%. "BANKS ARE URGED ONCE AGAIN TO STEP UP THEIR EFFORTS TOWARDS CREDIT EXPANSION WHILE PRESERVING CREDIT QUALITY WHICH IS CRITICAL FOR REVIVAL OF GROWTH," IT SAID. VOLATILITY MAY REMAIN HIGH ON THE BOURSES THIS WEEK AS TRADERS ROLLOVER POSITIONS IN THE DERIVATIVES SEGMENT FROM OCTOBER 2009 SERIES TO NOVEMBER 2009 SERIES AHEAD OF THE EXPIRY ON THURSDAY, 29 OCTOBER 2009.

TODAY MARKET WOULD OPEN WEAK AND REMAIN HIGHLY VOLATILE AND THE TREND WOULD REMAIN NEGATIVE AND CRUCIAL SUPPORT SEEN FOR NIFTY IS 4797 AND BREAK BELOW THIS LEVEL WE WILL HEAD TOWARDS 4740 WHICH IS ANOTHER MOST IMPORTANT SUPPORT. ON THE POSITIVE SIDE ONE IS ADVICED TO STAY AWAY FROM LONGS AT THIS STAGE NO UPMOVE ON BULLISH SIDE SO INVESTORS ARE ADVISED TO EXIT THEIR POSTIONS TO THE MAXIMUM AND TRADERS ARE ADVISED TO TRADE SHORT TO THE MAXIMUM AND ONLY THE RECOMMENDED SCRIPS CAN BE TRADED LONG ONLY WITH STOPLOSSES AND WITH VERY LOW VOLUMES ON THE BUY SIDE, WE CAN SEE MUCH MORE DOWNSIDE AS THE VOLUMES ON THE SELLING ZONE ARE MUCH HIGHER, ALL ARE ADVISED TO STAY CAUTIOUS SMALL UPMOVE MAY PUT YOU IN PANIC AVOID LONGS TILL IT IS ADVISED.

BUY MCLEOD RUSSEL SL 199 TGT 209/214
BUY IDFC SL 142 TGT 154/157

BUY FORTIS HEALTHCARE LTD SL 89 TGT 114*

SELL JINDAL STEEL BELOW 670 SL 688 TGT 657/639/607

SELL LICHSGFIN SL 815 TGT 780

SELL JINDALSAW SL 740 TGT 710/693

INTRADAY TIPS FOR 27 OCT 2009

GOOD MORNING!!!

ALL MOST ALL THE STOCKS ALONG WITH THE KEY INDICES PLUNGED TO HIT FRESH DAY'S LOW IN LATE TRADE. VOLATILITY RULED THE ROOST AS TRADERS ROLLED POSITIONS IN THE DERIVATIVES SEGMENT FROM OCTOBER TO NOVEMBER. NIFTY FELL BELOW THE PSYCHOLOGICAL 5,000 MARK AFTER REGAINING THAT LEVEL IN EARLY AFTERNOON TRADE. THE MARKET BREADTH WAS WEAK. BANKING, METAL, REALTY AND CONSTRUCTION STOCKS FELL. INTRADAY VOLATILITY WAS HIGH AHEAD OF THE EXPIRY OF THE NEAR TERM CONTRACTS THIS WEEK. FIRM ASIAN STOCKS HELPED THE MARKET BRIEFLY HIT POSITIVE ZONE IN EARLY TRADE AFTER AN INITIAL SLIDE. VOLATILITY CONTINUED LATER. THE MARKET MOVED INTO POSITIVE ZONE FROM NEGATIVE ZONE IN EARLY AFTERNOON TRADE. THE RBI PUMPED IN MASSIVE LIQUIDITY IN THE BANKING SYSTEM IN THE PAST ONE YEAR OR SO TO HELP REVIVE THE DOMESTIC ECONOMY IN THE AFTERMATH OF THE GLOBAL FINANCIAL CRISIS. WHILE AS EXIT FROM THE LOOSE MONETARY POLICY IS IMMINENT, SPECULATION ON THE BOURSES IS THE TIMING OF THE EXIT POLICY. THE RBI IS EXPECTED TO KEEP ITS BENCHMARK LENDING AND BORROWING RATES ON HOLD AT A QUARTERLY MONETARY POLICY REVIEW ON TUESDAY, 27 OCTOBER 2009. A SECTION OF MARKET, HOWEVER, EXPECTS THE RBI TO RAISE THE CASH RESERVE RATIO (CRR), THE PROPORTION OF DEPOSITS THAT BANKS KEEP WITH THE CENTRAL BANK, TO TAME INFLATIONARY PRESSURES IN THE ECONOMY. A POSSIBILITY OF A HIKE IN THE STATUTORY LIQUIDITY RATIO (SRL) CANNOT BE RULED OUT EITHER. IN NOVEMBER 2008, THE RBI HAD REDUCED THE SLR BY ONE PERCENTAGE POINT TO 24% - ITS FIRST MOVE IN 11 YEARS - AS PART OF ITS MEASURES TO BOOST LIQUIDITY TO CUSHION THE IMPACT OF THE GLOBAL CREDIT CRISIS AFTER LEHMAN BROTHER'S COLLAPSE. SLR IS THE MINIMUM SHARE OF BANK DEPOSITS TO BE HELD IN APPROVED GOVERNMENT SECURITIES. BANK STOCKS FELL AFTER COMMENTS FROM A FINANCE MINISTRY OFFICIAL ON FRIDAY, 23 OCTOBER 2009, DASHED HOPES FOR THE CENTRAL BANK RELAXING MARK-TO-MARKET RULES FOR BANK'S DEBT HOLDINGS. THE MARKET HAS BEEN AGOG WITH TALKS OF THE CENTRAL BANK HIKING THE CEILING ON THE PORTION OF GOVERNMENT SECURITIES THAT BANKS CAN PARK IN HELD-TO-MATURITY (HTM) CATEGORY, POSSIBLY AT THE QUARTERLY MONETARY POLICY REVIEW ON 27 OCTOBER 2009.
TODAY MARKET WILL BE HIGHLY RANGE BOUND AHEAD OF EXPIRY, IN THE LAST SESSION WE HAVE WITNESSED A DEEP SELL OFF IN THE LAST HALF AN HOUR OF TRADE MAKING THE BREADTH OF THE MARKET WEAK. STRUCTURALLY OUR MARKETS HAVE WEAKENED EVEN POSITIVE IMPACT OF GLOBAL CUES MAY NOT HOLD OUR MARKETS MUCH, SO ONE IS ADVISED TO STAY OUT OF LONGS AND DON’T INITIATE LONGS ANY MORE AT THIS STAGE TILL IT IS ADVISED. IF NIFTY TRADES BELOW 4978 WE CAN SEE NIFTY TO COME DOWN TO 4949 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 4919 WHICH IS VERY CRUCIAL, ONE IS ADVISED TO STAY CAUTIOUS. ON THE UPSIDE IF NIFTY CROSSES 5016 ONLY THEN ONE CAN SEE IT TO GO UP TO 5044. STOCKS LOOKING WEAK PTC, MLL, KSOILS, GSPL, GTLINFRA, IBREAL, SINTEX, UCOBANK, RPOWER, ISPAT, FSL, DLF, UNITECH, ROLTA, RNRL AND ABAN. STOCKS ON POSITIVE SIDE HEROHONDA, EDUCOMP, WELGUJ, PANTALOON, AUROPHARMA, RANBAXY AND CIPLA.

BUY HEROHONDA SL 1587 TGT 1624/1645/1663
BUY WELGUJ SL 281 TGT 289/294
BUY PANTALOON ABOVE 331 SL 330 TGT 336/339
BUY AUROPHARMA SL 834 TGT 860/869/875
SELL DLF SL 437 TGT 414
SELL AXIS BANK SL 981 TGT 958/952/945
SELL JINDALSAW BELOW 780 SL 794 TGT 767/735
Note: buy calls one should buy only on the positive zone

INTRADAY TIPS FOR 26 OCTOBER 2009

GOOD MORNING!!!

LAST TRADING SESSION WAS VERY VOLATILE WITH RANGE BOUND MOVEMENTS IN THE KEY INDICES NOTCHING UP SMALL GAINS ON FIRM GLOBAL STOCKS. INTRADAY VOLATILITY WAS IMMENSE. CAPITAL GOODS STOCKS FELL. RELIANCE INDUSTRIES (RIL) SLUMPED AS PARTNER HARDY OIL SAID A D9 WELL WILL BE PLUGGED AND ABANDONED. BUT, SUGARS, IT AND FMCG STOCKS ROSE. NIFTY PROVISIONALLY CLOSED BELOW THE PSYCHOLOGICAL 5,000 MARK AFTER MOVING ABOVE AND BELOW THAT LEVEL DURING THE DAY. THE NIFTY HAD SETTLED BELOW THE 5,000 MARK ON THURSDAY. ON THE POLITICAL FRONT, THE RULING CONGRESS PARTY-LED ALLIANCE WON TWO STATE POLLS ON THURSDAY, A RESULT THAT GIVES MORE ROOM FOR THE ALLIANCE TO PUSH ECONOMIC REFORMS.
TODAY MARKETS WOULD REMAIN RANGE BOUND AND THE VOLATALITY WOULD REMAIN IMMENSE. IF NIFTY TRADES ABOVE 5027 THEN IS LIKELY TO TEST 5072 ANYTHING ABOVE THIS LEVEL IS CONSIDERED TO BE POSITIVE AND DOWNSIDE IF NIFTY TRADES BELOW 4998 THEN WE CAN SEE NIFTY TO 4966 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 4923(THIS LEVEL IS VERY CRUCIAL) MARKET STRENGTH LOOKS WEAK STRUCTURALLY SO ONE IS ADVISED TO STAY CAUTIOUS. STOCK SPECIFIC MOVEMENT IS LIKELY.
BUY BAJAJ HIND SL 229 TGT 235/237
BUY DR REDDY SL 949 TGT 966/984
BUY IDFC SL 159 TGT 163/164.9
BUY ITC SL 256 TGT 265/269
SELL RELCAP BELOW 871 SL 881 TGT 866/855/848
POSITIONAL TRADES
BUY DUJODWALA PRODUCTS TGT 25/40

INTRADAY TIPS FOR 23 OCTOBER 2009

GOOD MORNING!!!

THE INDICES CUT LOSSES AFTER HITTING FRESH INTRADAY DAY LOW IN LATE TRADE. INTRADAY VOLATILITY WAS HIGH. WEAK GLOBAL MARKETS AND RISE IN HEADLINE INFLATION TO ABOVE 1% MARK, WEIGHED ON INVESTOR’S SENTIMENT. SENSEX FELL BELOW THE PSYCHOLOGICAL 17,000 MARK AFTER REGAINING THAT LEVEL IN MID-MORNING TRADE FOR A SHORT WHILE. NIFTY PROVISIONALLY CLOSED BELOW THE PSYCHOLOGICAL 5,000 MARK AFTER ALTERNATIVELY MOVING ABOVE AND BELOW THAT LEVEL IN LATE TRADE. THE MARKET BREADTH WAS WEAK IN CONTRAST TO A POSITIVE BREADTH EARLIER IN THE DAY. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES DIPPED AS THE HEARING ON A GAS DISPUTE WITH RELIANCE NATURAL RESOURCES (RNRL) CONTINUES IN THE SUPREME COURT. BANK STOCKS FELL AFTER MOODY'S INVESTORS SERVICES ON WEDNESDAY DOWNGRADED THE SUPPORTED RATINGS OF 13 INDIAN COMMERCIAL BANKS AFTER ITS GLOBAL REVIEW OF SYSTEMIC SUPPORT INDICATORS FOR INDIVIDUAL BANKING SYSTEMS. CAPITAL GOODS, METAL AND REALTY STOCKS ALSO FELL.

TODAY MARKETS WOULD OPEN POSITIVE WITH GLOBAL QUES MOVING VERY POSITIVE, MARKET IS EXPECTED TO REMAIN VERY VOLATILE AND RANGE BOUND. IF NIFTY TRADES ABOVE 5018 THEN IS EXPECTED TO REACH 5043 (1ST TARGET) AND TRADE ABOVE 5043 (2ND TARGET) WITH GOOD VOLUMES IT WILL REACH 5082 (3RD TARGET) TRADE WITH REDUCED VOLUMES WHEN YOU HAVE ATTAINED EACH TARGET. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4990 THEN IT WILL IMMEDIATELY TAKE SUPPORT AT 4960 (1ST TARGET) BREAK AND TRADE BELOW THIS LEVEL WOULD TAKE NIFTY TO 4920 (2ND TARGET) THIS IS ONE OF THE CRUCIAL SUPPORT FOR NIFTY, IF 4920 IS BROKEN WE CAN EXPECT NIFTY TO TOUCH 4800 IN A VERY SHORT TIME.

BUY TATA MOTORS ABOVE 442 TGT 456/462/470
BUY HCL TECH SL 324 TGT 334/339
BUY ITC SL 246 TGT 250/256
BUY BANK INDIA SL 445 TGT 460/466
BUY EDUCOMP SL 4429 TGT 4506/4628/4705

INTRADAY TIPS FOR 22 OCTOBER 2009

GOOD MORNING!!!

THE KEY BENCHMARK INDICES REMAINED WEAK AND WERE TRADING MARGINALLY LOWER IN AFTERNOON TRADE. MARKET SHRUGGED OFF HIGHER OPENING FOR EUROPEAN MARKETS, A SUBDUED TREND IN ASIAN STOCKS WEIGHED ON SENTIMENT. A SECTION OF THE MARKET IS CONCERNED THAT A GLUT IN SHARE SALES BY INDIAN FIRMS MAY SUCK LIQUIDITY FROM THE SECONDARY MARKET. BANKING, CEMENT STOCKS FELL. BUT, POWER STOCKS ROSE IT STOCKS GAINED AFTER US INTERNET FIRM YAHOO REPORTED BETTER-THAN-EXPECTED RESULTS ON TUESDAY. INTRADAY VOLATILITY WAS HIGH. THE MARKET DRIFTED LOWER IN CHOPPY EARLY TRADE ON SUBDUED ASIAN STOCKS AND LOWER US INDEX FUTURES AND ENDED IN MUCH WEAKER ZONE. THE BREADTH OF THE MARKET TURNED WEAK AS NIFTY HAS BREACHED A GOOD SUPPORT LEVEL.

TODAY MARKETS MAY OPEN NEGATIVE AND DOMINATE THE TRADE ON THE NEGATIVE ZONE, STRUCTURALLY MARKET WILL WEAKEN ONLY ONCE IT BREACHES 4925 THEN WE CAN SEE SOME SHARP SLIDE IN THE MARKETS TILL THEN THERE IS EVERY POSSIBILITY OF REVERSAL OF TREND FROM LOWER LEVELS. TODAY IF NIFTY TRADES BELOW 5075 THEN IT WILL TAKE SUPPORT AROUND 5040 AND BREAK BELOW THIS LEVEL WITH VOLUMES MAY TAKE NIFTY TO 4990 ANY CLOSE BELOW 4990 INDICATES WEAKNESS. AND ON THE POSITIVE FRONT IF NIFTY TRADES ABOVE 5075 THEN WE CAN SEE NIFTY TO MAKE AN UPMOVE TILL 5122 AND THEN TO 5153 CLOSING ABOVE 5115 IS POSITIVE.

BUY KFA SL 54 TGT 59/60

BUY EVERONN SL 448 TGT 465/472
SELL TATAPOWER BELOW 1417 TGT 1407/1395
SELL TATAMOTORS SL 567 TGT 538/530/522
SELL HERO HONDA SL 1629 TGT 1591/1583/1576

INTRADAY TIPS FOR 21 OCTOBER 2009

GOOD MORNING!!!

INDICES SLUMPED TO FRESH INTRADAY LOW IN MID-AFTERNOON TRADE AS EUROPEAN STOCKS DROPPED. INVESTORS TOOK HOME CASH AFTER A RECENT SHARP SURGE IN SHARE PRICES TRIGGERED BY HUGE FOREIGN FUND INFLOWS. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES EXTENDED LOSSES AHEAD OF A SUPREME COURT HEARING ON GAS TUSSLE WITH RELIANCE NATURAL RESOURCES (RNRL). CAPITAL GOODS, BANKING AND TELECOM STOCKS EDGED LOWER. BUT, REALTY STOCKS ROSE. THE MARKET BREADTH TURNED NEGATIVE IN CONTRAST TO A STRONG BREADTH EARLIER IN THE DAY THE MARKET WAS VOLATILE. THE MARKET SURGED IN EARLY TRADE AS THE GOVERNMENT'S DECISION TO SALE STAKE IN TWO STATE-RUN POWER FIRMS INDICATED A RESOLVE TO SPEED UP REFORMS. THE NIFTY HIT ITS HIGHEST LEVEL IN MORE THAN 17 MONTHS IN EARLY TRADE. THE MARKET REGAINED POSITIVE TERRITORY AFTER SLIPPING INTO THE RED FOR A BRIEF PERIOD IN MORNING TRADE.
TODAY MARKET WOULD OPEN SLIGHTLY NEGATIVE AND WOULD REMAIN VERY RANGE BOUND. NIFTY IF BREACHES 5093 THEN IS LIKELY TO TAKE SUPPORT AROUND 5073 AND TRADING BELOW THIS LEVEL WOULD TAKE NIFTY 5027 IF NIFTY CLOSES BELOW 5093 LEVELS IT IS CONSIDERED THAT NIFTY HAS WEAKENED AND CLOSING BELOW 5073 IS WEAKEST AND ONE CAN TAKE SHORT CALLS BELOW 5073. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5115 THEN IT IS LIKELY TO MOVE TO 5150. TRADE ABOVE 5150 WE CAN SEE NIFTY TO MOVE UPTO 5164 TO 5182 ANY CLOSE ABOVE 5115 IS AGAIN POSITIVE SIGN FOR NIFTY.
BUY EVERONN SL 462 TGT 474/480
BUY SRF ABOVE 218 SL 212 TGT 224/227/229

BUY JPASSOCIATES SL 264 TGT 270/272
SELL ICICI BANK SL 953 TGT 933/908
SELL EDUCOMP SL 4749 TGT 4658/4600/4548

SELL NAGARJUNA CONST SL 174.7 TGT 170.4/168.75/164

SELL ROLTA SL 191.85 TGT 185.8/183

INTRADAY TIPS FOR 20 OCTOBER 2009

GOOD MORNING!!!

LAST TRADING SESSION WAS THE FIRST DAY OF THE SAMVAT 2066 IT WAS A SPARKLING START BUT LATER FAILED TO HOLD ON THE POSITIVE NOTE WITH PROFIT BOOKING CROPPING AT THE CLOSING OF THE DAY. IN THE LAST FEW DAYS WE HAVE WITNESSED STOCK SPECIFIC MOVEMENTS ON THE BASIS OF Q2 RESULTS AND MAY STILL CONTINUE IN THE DAYS TO COME FOR A SHORT SPAN. ONE HAS TO WATCH OUT FOR THE CRUCIAL LEVELS ON NIFTY FOR HOLDING OR EXITING.

TODAY NIFTY MAY SEE A POSITIVE OPENING AROUND 40 POINTS AND MAY HIT NEW HIGHS OF THE YEAR FOR THE FIRST TIME HITTING 5200 MARK BUT ONE HAS TO STAY VERY CAUTIOUS IN THIS PHASE AS THE UPSIDE IS VERY LIMITED. ONE HAS TO MAKE A NOTE THAT NEVER CARRY ANY INTRADAY LOSS POSITIONS, DO NOT FORGET TO PLACE STRICT STOPLOSSES. TODAY IF NIFTY TRADES ABOVE 5147 LIKELY TO MAKE AN UPMOVE TILL 5164 AND TRADE ABOVE THIS WOULD LEAD NIFTY TO 5185 AND ANY CLOSING ABOVE 5185 WOULD TAKE NIFTY TO 5300 AND ANY CLOSING ABOVE 5090 IS BULLISH. AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5115 THEN WE MAY LIKELY TO TEST 5085 LEVELS BUT IF NIFTY ON CLOSING CLOSES BELOW 5090 ONE CAN EXIT ALL THEIR LONG POSITIONS AND CAN ENTER SHORTS. DONT NEGLECT THE LEVELS SPECIFIED.

BUY ESCORTS SL 129.40 TGT 133/136/139
BUY FEDERAL BANK FUTURS SL 255 TGT 262.40/265
BUY STER SL 837.7 TGT 845/850/856
BUY CENTURY TEXTILES SL 534.50 TGT 544/547/550
BUY RCOM SL 236 TGT 241/243.8/247.4
POSITIONAL PICKS
BUY POWERSOFT (532736) HOLD IT FOR MEDIUM TERM TGT 50/100/250