INTRDAY TIPS FOR 18 DECEMBER 2009

GOOD MORNING!!!

INDICES TRADED LOWER IN THE MARKET AS WORLD STOCKS FELL AFTER THE FEDERAL RESERVE DECIDED TO REMOVE EXCESS LIQUIDITY FROM THE FINANCIAL SYSTEM, AS PREVIOUSLY PLANNED. OVERALL MARKET WAS VERY VOLATILE ALL THROUGH THE DAY WITH MOODY’S INVESTORS SERVICE UPGRADATION OF RATING IN 14 BANKING STOCKS FROM BA2 TO BA1 BANKING STOCKS RALLIED. OVERALL BREADTH OF THE MARKET STILL REMAINED STRONGER.

MARKETS HAVE REACHED A STAGE OF CONSLIDATION FOR THE PAST 3 DAYS THOUGH AT THIS STAGE WITH ALL WORLD INDICES IN RED OUR MARKET ALSO LOOKS VOLATILE WITH NEGATIVELY BIASED. IT IS ADVISED TO STAY AWAY FROM HUGE INVESTMENTS AS THE INDICIES ARE IN THE RANGE OF UNCERTAINITY AND AVOID CALL AND PUT OPTIONS AS THE INDICES ARE IN THE SIDEWAY MOVEMENT ALL THE OPTIONS WILL SLOWLY COME DOWN THERE BY NULLIFYING YOUR PREMIUM SO AVOID THEM AT THIS STAGE. I WOULD ADVISE YOU TO TRADE IN LESS QUANTITY AS THE MARKET IS HIGHLY RANGE BOUND AND VOLATILE AND KEEP STOPLOSSES LITTLE DEEPER AND BOOK PROFITS AT REGULAR INTERVALS AS IT WILL PUT YOU IN SAFEST PLACE AND DON’T HOLD ANY POSITION WHEN STOPLOSS TRIGGERS AS THERE IS EVERY POSSIBILITY THAT YOUR MONEY MAY GET STRUCK. TODAY IF NIFTY TRADES BELOW 5020 THEN WE CAN SEE NIFTY TO TAKE SUPPORT AT 5000 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 4940 AND ANY TRADE BELOW 4940 IS WEAK AND ONE CAN INITIATE FRESH SHORTS BELOW 4940 AND HOLD THEM POSITIONALLY. AND ON THE UPSIDE GO LONG ONLY IF NIFTY TRADES ABOVE 5070 ON THE CLOSING BASIS

SELL LT SL 1671 TGT 1641/1635
SELL JSPL SL 723 TGT 708/704/702
SELL HDFC SL 1691 TGT 1658/1646
SELL DLF SL 370 TGT 358/355
BUY HCL TECH SL 348 TGT 362/365
BUY 3I INFO SL 82 TGT 89/92

INTRADAY TIPS FOR 17 DECEMBER 2009

GOOD MORNING!!!
INDICES HAVE TAKEN AN UP MOVE IN A VERY VOLATILE SESSION ON THE RISE OF EUROPEAN AND US INDEX FUTURES AND INDICES. IT AND METALS WERE THE STAR PERFORMERS OF THE DAY, BANKING STOCKS AND REALITY WERE NEGATIVE AND OVERALL THE MARKET BREADTH WAS WEAK. THE VOLATILITY ON THE INDICES WAS VERY HIGH, MARKET KEPT HOVERING IN POSITIVE AND NEGATIVE TERRITORY WITH A VERY NARROW RANGE BOUND UNTIL IT HAS BROKEN 5040 LEVELS. MANY INDIAN FIRMS HAVE REPORTEDLY PAID HIGHER ADVANCE TAX IN THE THIRD INSTALLMENT. AS PER MEDIA REPORTS, TATA MOTORS HAS PAID RS 100 CRORE IN THIRD QUARTER VERSUS NIL PAYMENT IN THE SAME PERIOD LAST YEAR. MAHINDRA & MAHINDRA PAID RS 195 CRORE VERSUS RS 4.5 CRORE. TATA STEEL PAID RS 650 CRORE VERSUS RS 260 CRORE. HINDALCO INDUSTRIES PAID RS 100 CRORE VERSUS RS 40 CRORE. HINDUSTAN UNILEVER PAID RS 200 CRORE VERSUS RS 155 CRORE, LARSEN & TOUBRO PAID RS 270 CRORE VERSUS RS 210 CRORE, GRASIM INDUSTRIES Q3 ADVANCE TAX AT RS 150 CRORE VERSUS RS 75 CRORE, ULTRATECH CEMENT PAID RS 90 CRORE VERSUS RS 65 CRORE, HDFC'S Q3 ADVANCE TAX WAS AT RS 320 CRORE VERSUS RS 280 CRORE. BAJAJ AUTO PAID RS 320 CRORE VERSUS RS 105 CRORE. THE COUNTRY'S LARGEST PRIVATE SECTOR COMPANY RELIANCE INDUSTRIES PAID RS 850 CRORE, VERSUS 450 CRORE YEAR-AGO PERIOD. TATA CONSULTANCY SERVICES' Q3 ADVANCE TAX WAS AT RS 177 CRORE VERSUS RS 129 CRORE. ACC'S Q3 ADVANCE TAX WAS AT RS 110 CRORE VERSUS RS 125 CRORE. HDFC BANK'S Q3 ADVANCE TAX JUMPED TO RS 400 CRORE FROM RS 300 CRORE. STATE BANK OF INDIA Q3 ADVANCE TAX WAS AT RS 1795 CRORE VERSUS RS 1700 CRORE. ICICI BANK'S Q3 ADVANCE TAX FELL TO RS 301 CRORE VERSUS RS 625 CRORE. OVERALL THE ONLY WORRY IN THE MARKET IS MONETARY POLICY WHICH MAY COME IN THIS MONTH. WITH INFLATION SURGING, RBI MAY TIGHTEN THE MONITORY POLICY THIS MONTH.

TODAY MARKET LOOKS RANGE BOUND. IF NIFTY TRADES ABOVE 5050 THEN ONE CAN SEE NIFTY TO SURGE UP TO 5070 AND TRADE ABOVE 5070 WITH VOLUMES THEN WE CAN SEE NIFTY TO TOUCH 5100 AND SEE SOME RESISTANCE AT 5110 AND ANY BREAK ABOVE THIS LEVEL WOULD TAKE NIFTY TO 5165 LEVELS. ON THE DOWNSIDE IF NIFTY TRADES BELOW 5040 THEN IT CAN COME DOWN TO 5003 AND TRADE BELOW 5000 ONE CAN SEE NIFTY TO HAVE A GOOD SUPPORT AT 4940 AND BREAK BELOW THIS LEVEL CAN SEE HEAVY SELLING IN NIFTY IN COMING DAYS. ONE IS ADVISED TO STAY LONG ABOVE 5111 AND SHORT BELOW 4940 ON CLOSING BASIS AND ON INTRADAY ONE CAN FOLLOW THE ABOVE LEVELS.

BUY STERLIGBIO SL 97 TGT 102.70/106.95/110.40
BUY ESSAR OIL SL 133 TGT 138/140/144
BUY IREAL SL 202 TGT 211/215/220
BUY ADSL TGT 234/240/246
BUY M&M SL 1040 TGT 1065/1074/1094
BUY ACC SL 850 TGT 869/878

INTRADAY TIPS FOR 16 DECEMBER 2009

GOOD MORNING!!!

INTRADAY VOLATILITY WAS HIGH, WE HAVE WITNESSED SELLING IN BANK STOCKS RIGHT FROM THE BEGINNING OF THE TRADE SELLING FEARS OF MONETARY TIGHTENING BY THE CENTRAL BANK. AUTO AND CAPITAL GOODS STOCKS ALSO FELL. THE MARKET BREADTH TURNED WEAK. THE MARKET PARED GAINS AFTER AN EARLY SURGE TRIGGERED BY HIGHER ADVANCE TAX NUMBERS BY SOME INDIAN FIRMS FOR THE THIRD INSTALLMENT. THE MARKET REGAINED STRENGTH IN MORNING TRADE. BUT THE INTRADAY REBOUND WAS SHORT-LIVED. THE MARKET ONCE AGAIN PARED GAINS IN MID-MORNING TRADE. THE MARKET SLIPPED INTO THE RED LATER AS THE DOLLAR STRENGTHENED AND THE DISAPPOINTING ICICI BANK ADVANCED TAX NUMBERS HAS FURTHER WEAKEND THE MARKET AND THE NUMBERS WERE BELOW THE EXPECTATIONS.

TODAY MARKET WOULD REMAIN VOLATILE. IF NIFTY TRADES BELOW 5031 LIKELY TO TEST 5003 AND BREAK BELOW 5000 THE IT IS LIKELY TO TAKE SUPPORT AT 4978 BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 4940 THIS IS ONE OF THE VERY GOOD SUPPORT ANY BREAK BELOW 4940 IS CONSIDERED TO BE WEAK AND NIFTY CAN DECLINE TO 4800 IN A VERY SHORT TIME. ON THE UPSIDE IF NIFTY TRADES ABOVE 5041 THEN LIKELY TO HAVE SOME RESISTANCE AROUND 5070 BUT ANY BREAK IN VOLUMES AT THIS LEVEL WOULD AGAIN TAKE NIFTY TO 5111 LEVELS AND ANY CLOSE ABOVE 5100 IS AGAIN CONSIDERED TO BE BULLISH AND ONE CAN RETAIN THEIR POSITIONS ON THE LONG SIDE. KEEP AN EYE ON OIL STOCKS ALONG WITH IT STOCKS.

BUY ORCHID CHEMICALS SL 219 TGT 229/234
BUY WIPRO SL 654 TGT 664/675
SELL GAIL SL 416.7 TGT 401/396
SELL TATAMOTORS SL 701 TGT 691/686
SELL AXISBANK SL 977 TGT 961/952
SELL UNION BANK SL 261 TGT 251/247
SELL ABAN SL 1231 TGT 1211/1200/1192

INTRADAY TIPS FOR 15 DECEMBER 2009

GOOD MORNING!!!

THE MARKET PARED GAINS AFTER HITTING FRESH INTRADAY HIGH IN MID-MORNING TRADE, A SURGE IN HEADLINE INFLATION PULLED THE MARKET LOWER WITH BANK SHARES LEADING THE SLIDE, BANKING SHARES FELL ON A LIKELY MONETARY TIGHTENING BY THE RBI AFTER A SHARP JUMP IN INFLATION.. METAL AND FMCG STOCKS FELL. BUT, CEMENT AND IT STOCKS ROSE. IT STOCKS ROSE AFTER STRONGER-THAN-EXPECTED RETAIL SALES AND CONSUMER SENTIMENT DATA IN THE US REINFORCED INVESTOR CONFIDENCE IN A STEADY ECONOMIC RECOVERY THE MARKET BREADTH WAS WEAK IN CONTRAST TO A STRONG BREADTH IN EARLY TRADE. THE MARKET MOVED BETWEEN POSITIVE AND NEGATIVE ZONE LATER. CLOSER HOME, INFLATION BASED ON THE WHOLESALE PRICE INDEX (WPI) SURGED 4.78. THAT WAS MUCH HIGHER THAN PREVIOUS MONTH'S ANNUAL RISE OF 1.34%. THE FOOD ARTICLE INDEX WITHIN THE WHOLESALE PRICE INDEX ROSE 16.71% IN NOVEMBER 2009. THE MANUFACTURING PRODUCTS INDEX IN THE WPI ROSE AN ANNUAL 3.99%. THE DISINVESTMENT PROGRAMME IS REPORTEDLY SET TO ENTER AN AMBITIOUS PHASE IN THE NEXT FINANCIAL YEAR WITH THE DEPARTMENT OF DISINVESTMENT PLANNING TO SEEK CABINET APPROVAL FOR A HOST OF COMPANIES FROM JANUARY 2010. THE CABINET HAS SO FAR FOLLOWED A CAUTIOUS APPROACH IN APPROVING DISINVESTMENT IN COMPANIES, THOUGH IT HAS SIMULTANEOUSLY COME OUT WITH A BROAD POLICY DIRECTION FOR THE PROGRAMME. BASED ON THE POLICY, THE DISINVESTMENT DEPARTMENT HAS PREPARED A LIST OF UP TO 30 COMPANIES THAT CAN BE CONSIDERED FOR DISINVESTMENT .

TODAY MARKET LOOKS RANGE BOUND WE CAN SEE VERY STOCK SPECIFIC MOVES IN THE MARKET AND MARKET MAY REMAIN VOLATILE AS TODAY BEING THE LAST DAY FOR ADVANCE TAX PAYMENT FOR THIS QUARTER WE MAY SEE SHARP UP AND DOWNSIDE MOVEMENT ON THE BASIS OF TAX FILING. TODAY IF NIFTY TRADES BELOW 5105 THEN LIKELY TO SEE NIFTY TO SLIDE DOWN TO 5070 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 5003 WITH MINOR SUPPORT AROUND 5040. AND ON THE UPSIDE IF NIFTY TRADES ABOVE 5130 THEN WE CAN SEE NIFTY TO TOUCH 5165 AND TRADE ABOVE 5165 CONVINCINGLY WOULD TAKE NIFTY TO NEW HIGHS OF THE YEAR. IF NIFTY TRADES ABOVE 5165 THEN ONE CAN SEE NIFTY TO MOVE UP TO 5265 IN A VERY SHORT TIME. LOOK AT CEMENT STOCKS, EDUCATION STOCKS.

BUY RANBAXY SL 514 TGT 526/534/542
BUY AMBUJACEM SL 98 TGT 102/105
BUY INFOSYSTECH SL 2487 TGT 2517/2540
BUY NIIT TECH SL 174 TGT 181/184
BUY INDIA CEMENTS SL 117 TGT 125/128

INTRDAY TIPS FOR 14 DECEMBER 2009

GOOD MORNING!!!
WITH THE INDUSTRIAL OUTPUT DATA COMING WELL BELOW THE EXPECTATIONS OF THE MARKET, MARKET HAS GIVEN UP GAINS WITH A SHARP FALL IN INDICES THOUGH THE RECOVERY WAS SHORT LIVED DURING THE DAY AT LAST ENDED IN RED. WE MAY SEE SOME STOCKS-SPECIFIC ACTIVITY IN COMING DAYS, WITH INVESTORS REACTING TO CORPORATE ADVANCE TAX PAYMENTS DATA WHICH IS DUE ON 15 DEC, THIS DATA WILL GIVE AN INDICATION OF INDUSTRY'S PERFORMANCE IN COMING MONTHS WHICH MAY ELIVATE SOME STOCKS TO NEW HIGHS. IN THE LAST QUARTER WE HAVE WITNESSED ADVANCE TAX PAYMENTS GREW BY 14.7% WHICH CLEARLY SHOWS THE SIGNS OF RECOVERY, WITH THIS FIGURES AND GROWTH RATE GOVERNMENT IS HOPEFUL ADVANCE TAX PAYMENTS MAY PROVE TO BE HELPFUL IN METTING THE SHORTFALL IN DIRECT TAX COLLECTIONS. BUT, ONE HAS TO REMEMBER THAT EVEN THOUGH THERE MAY BE STOCK SPECIFIC MOVES ON NEWS OF ADVANCED TAX IN THE STOCK SPECIFIC COUNTERS ONE HAS TO BEAR IN MIND THAT MARKETS HAVE RALLIED QUITE SHARPLY FROM MARCH THIS YEAR, WE CANNOT RULE OUT THE CORRECTION AT ANY STAGE BUT WITH ALL THE FIGURES SHOWING GOOD GROWTH AND IMPROVEMENT IN THE ECONOMY WE CANNOT RULE OUT THE BUYING AT LOWER LEVELS. FOREIGN INVESTORS HAVE BEEN INVESTING IN A RECORD MANNER WITH $75.4 BILLION WHICH IS THE HIGHEST SURPASSING THE PREVIOUS HIGH OF $54 BILLION IN 2007 AND THIS FIGURES ARE TAKEN TILL 09 DEC 09.

TODAY MARKETS LOOK RANGE BOUND WITH VERY STOCK SPECIFIC MOVES. IF NIFTY TRADES ABOVE 5111 THERE IS EVERY POSSIBILITY TO MOVE UP TO 5135 BREAK ABOVE THIS WILL TAKE NIFTY TO 5165 AND ONE REMAIN IN LONG IF NIFTY CLOSES ABOVE 5165 AND ON THE DOWN SIDE IF NIFTY TRADES BELOW 5098 THEN WE CAN SEE NIFTY TO SLIDE DOWN TO 5070 AND BREAK BELOW THIS LEVEL WILL HAVE A MINOR SUPPORT AT 5040 AND BREACHING THIS LEVEL WOULD TAKE NIFTY TO 5003 AND ONE CAN REMAIN IN SHORT IF NIFTY TRADES BELOW 5070. ON THE HOLDING SIDE WITH LESS RISK ONE CAN LOOK AT COMMUNICATION STOCKS AS THEY ARE WORST EFFECTED AND ARE IN AN UPMOVE AT CURRENT LEVELS ONE IS ADVISED TO TAKE OPTION CALLS ON LONG SIDE AS THAT IS VERY LESS RISKY AND ONE CAN MAXIMIZE GAINS.
BUY JINDALSTEL SL 738.6 TGT 749/758/764
BUY BHARAT FORGE SL 271 TGT 277/282/285
BUY GSSAMERICA SL 264 TGT 294/300/305
SELL AXISBANK BELOW 1003 SL 1011 TGT 989/980
POSITIONAL TRADES
BUY BANG OVERSEAS 49 TGT 62
BUY RENAISSANCE JEWELLERY 51.9 TGT 65
BUY ZICOM ELECTRONIC SECURITY @ 100.35 TGT 155 SL 85
BUY IVP LTD AT 35 TGT 70/105/150

INTRADAY TIPS FOR 11 DECEMEBER 2009

GOOD MORNING!!!

MARKETS INITIALLY THOUGH RANGE BOUND TOOK OFF WITH GOOD VOLUMES ON THE POSITIVE SIDE AND OVER ALL THOUGH OUT THE DAY MARKET REMAINED POSITIVE AND AFTER, RESERVE BANK OF INDIA ANNOUNCED CAPITAL FLOWS INTO INDIA ARE IN LINE WITH REQUIREMENT AND AS OF NOW THERE IS NO CONCERN OF THE FLOWS BUILDING ASSET PRICE BUBBLES AND THE NEW OVERSEAS BORROWING NORMS ARE PART OF INDIA'S CAPITAL ACCOUNT MANAGEMENT AND THEY DO NOT INDICATE CAPITAL CONTROL, MARKET REMAINED FIRM THROUGH OUT THE DAY. TELECOM STOCKS JUMPED AFTER THE GOVERNMENT ALLOWED FOREIGN BORROWING TO FUND 3G SPECTRUM FEES. FMCG STOCKS FELL. BUT, METAL, BANKING AND CAPITAL GOODS STOCKS ROSE.

TODAY MARKET LOOKS RANGE BOUND WITH POSITIVE OUTLOOK ONCE IT CROSSES 5155. ON INTRADAY BASIS IF NIFTY TRADES ABOVE 5155 THEN IT IS EVIDENT IT MAY GO UP TO 5192 LEVEL AND BREAK ABOVE 5165 LEVELS WOULD TAKE NIFTY TO 5265 IN A VERY SHORT TIME, ONE CAN STAY POSITIONALLY LONG IN NIFTY IF NIFTY CLOSES ABOVE 5165 LEVELS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5111 THEN IT IS EVIDENT THAT NIFTY WOULD COME DOWN TO 5070 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 5003 THOUGH A MINOR SUPPORT EXISTS AROUND 5040 LEVEL BUT VOLUME SELLING WOULD NOT BE SUPPORTED AT 5040 LEVELS. ONE IS ADVISED TO STAY SHORT ONCE NIFTY BREAKS 5070 LEVELS. TAKE CLOSE WATCH ON BANKING SECTOR AND PHARMA.

BUY ICICIBANK SL 869 TGT 880/888/895
BUY CHAMBAL FERT SL 57 TGT 61/63.2
BUY ICSA SL 184 TGT 194/196.3/201.6
BUY UCO BANK SL 58.4 TGT 61.25/62.70
BUY LT SL 1669 TGT 1704/1721

INTRADAY TIPS FOR 10 DECEMBER 2009

GOOD MORNING!!!

WEAK GLOBAL STOCKS WEIGHED ON INVESTOR SENTIMENT ALONG WITH PROFIT BOOKING HAS LED THE INDICES TO THE LOWER LEVELS. METAL AND BANKING STOCKS LED THE DECLINE WHILE IT STOCKS ROSE. INTRADAY VOLATILITY WAS HIGH. THE MARKET RECOVERED SOON AFTER AN INITIAL SLIDE CAUSED BY WEAK ASIAN STOCKS BUT COULD NOT WITHSTAND THE HIGHER LEVELS. INDICES ARE ALMOST AT THE YEAR HIGHS AND INVESTORS ARE TO WORRY ABOUT, DOWNGRADED RATINGS FOR GREECE AND A RAFT OF DUBAI GOVERNMENT-CONTROLLED COMPANIES. ONE IS ADVISED TO STAY VERY CAUTIOUS IN THIS MARKET BUT ONE SHOULD BE WITH THE TREND.

TODAY MARKETS WOULD BE RANGE BOUND. IF NIFTY TRADES ABOVE 5111 THEN IT IS LIKELY TO TAKE TO 5140 AND TRADE ABOVE THIS LEVEL WITH VOLUMES WE MAY SEE NIFTY TO GO TO 5165 WHERE IT MAY FACE A STRONG RESISTANCE BUT BREAK ABOVE THIS LEVEL WOULD TAKE NIFTY TO NEW HIGHS OF THE YEAR AND ONE HAS TO SEE THIS LEVEL AS VERY CRUCIAL. AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5097 THEN IT IS EVIDENT THAT IT WILL PHASE SOME SUPPORT AT 5070 BUT BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5040 WHERE IT WILL HAVE A SLIGHT SUPPORT IF THIS LEVEL IS BROKEN IT WILL COME DOWN TO 5003. METALS LOOKS WEAK.

BUY SATYAM SL 99 TGT 106/109
BUY HDIL SL 339 TGT 352/358
BUY MARUTI SL 1594 TGT 1628/1645/1668
SELL STER SL 844 TGT 824/818
SELL TATASTEEL SL 551 TGT 538/532
POSITIONAL TRADES
BUY FRESHTROP FRUITS AT 39 TGT 55/76