INTRADAY TIPS FOR 29 DECEMBER 2009

GOOD MORNING!!!

MARKET ON THE THURSDAY WAS EXCEPTIONALLY OUTPERFORMED WITH BULLS TAKING A VERY UPPER HAND AND SUPPORTIVE HAND FROM FOREIGN INSTITUTIONAL INVESTORS LENDING THEIR QUALITY HAND IN TAKING THE NIFTY TO THE 19 MONTH HIGH. ALL THE SECTORS HAVE OUTPERFORMED IN THE LAST TRADING SESSION. WE MAY SEE MARKETS TO REMAIN HIGHLY VOLATILE IN THE WEEK AHEAD AS TRADERS WILL ROLL OVER POSITIONS IN THE DERIVATIVE SEGMENT AHEAD OF EXPIRY. FROM NOW ON WE MAY SEE VERY CAUTIOUS OPTIMISM IN THE MARKETS.

TODAY MARKET MAY OPEN POSITIVE AND REMAIN IN A POSITIVE ZONE WITH NIFTY BREAKING VERY CRUCIAL RESISTANCE LEVELS IN THE LAST TRADING SESSIONS WITH THE HIGHER ADVANCE TAX FIGURES 44% WHICH IS A KEY TO THE GROWTH AND THERE BY SUGGESTING THE BETTER THIRD QUARTER RESULTS MARKET MAY NOT GIVE UP AT THIS JUNCTURE AND LIKELY TO HOLD THE LEVELS. TRADING VOLUMES IN THE MARKET MAY COME DOWN DRASTICALLY WITH MANY FOREIGN AND DOMESTIC FUND MANAGERS TAKING A LONG BREAK WITH A FOUR DAY HOLIDAY AND FRIDAY THE 1ST OF JANUARY 2010 BEING HOLIDAY MIGHT USE THIS OPPORTUNITY FOR A YEAR END VACATION AND TRADING VOLUMES MAY RESUME ONLY AFTER 2ND JANUARY 2010. THE ONLY CONCERN IN THE PRESENT SITUATION IN THE MARKET IS FOOD PRICE INDEX AS FOOD INFLATION IS HOVERING AT 20% WHICH IS A MATTER OF CONCERN. IF NIFTY TRADES ABOVE 5191 THEN IT IS LIKELY TO GO TO 5236 AND THEN 5254 LEVELS ANY CLOSE ABOVE 5200 WILL TAKE NIFTY TO NEW HIGHS. ON THE NEGATIVE SIDE IF NIFTY BREAKS BELOW 5180 THEN MAY FIND ITS WAY TO 5163 AND THEN IT MAY TAKE SUPPORT AT 5134 AND BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5117, ANY CLOSE BELOW 5163 IS A CAUTION TO STAY AWAY FROM LONGS AND EVERYONE IS CAUTIONED TO STAY INVESTED ONLY 25% OF THE CAPITAL AS THE MARKET IS AT ITS PEAK AND TRADING IN WAVE 5 ACCORDING TO ELLIOT WAVE THEORY

BUY TATAMOTORS SL 774 TGT 785/794/811
BUY IBREAL SL 214.9 TGT 224/228
BUY RELINFRA SL 1074 TGT 1113/1131
BUY SIEMENS SL 569 TGT 583/589
BUY HOTELLEELA SL 43.5 TGT 46.35/48
BUY HCC SL 145 TGT 152.5/157.65
POSITIONAL TRADES
BUY MEDICAMEN BIOTECH AT 24 TGT 47/120

INTRADAY TIPS FOR 24 DECEMBER 2009

GOOD MORNING!!!

ALL THE INDICES IN THE MARKET HAVE OUTPERFORMED AFTER THE FINANCE MINISTER, PRANAB MUKHERJEE, SAID THE ECONOMY COULD GROW BY 7.5% TO 8% DURING THE CURRENT FINANCIAL YEAR, THIS HAS TRIGGERED THE MARKETS TO THE NEW HIGH WITH FII’S PARTICIPATING IN A HIGH NOTE ALONG WITH RETAILERS. ALL THE FRONT END STOCKS HAVE MOVED EXCEPTIONALLY WELL. ON THE TECHNICAL TERMS AS TOLD TO EVERYONE ONE SHOULD GO LONG WITH A STRICT STOPLOSS OF 4940 MARKET HAS TAKEN STRONG SUPPORT AT THIS JUNCTURE AND HAS BOUNCED BACK AS TOLD, THIS BULL RUN WILL CONTINUE IF NIFTY BREAKS 5240 AND SUSTAINS WITH VOLUMES.
TODAY IF NIFTY TRADES ABOVE 5164 THEN WE ARE LIKELY TO RESIST 5190 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5350 LEVELS ANY CLOSING ABOVE 5200 IS EXPECTED TO BE VERY BULLISH AND ONE CAN GO LONG. IF NIFTY BREAKS BELOW 5140 THEN LIKELY TO COME DOWN TO 5106 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 5070 WHICH WE MAY NOT SEE TODAY.
BUY JINDALSTEEL SL 720 TGT 735/745/752
BUY SAIL SL 234 TGT 239/243/249
BUY SUZLON SL 87.4 TGT 90.5/94.3/98
BUY PRAJ SL 100.85 TGT 104.5/107.8/110

INTRADAY TIPS FOR 23 DECEMBER 2009

GOOD MORNING!!!

INDICES EDGED HIGHER AFTER A THREE DAY FALL TRIGGERED BY WORLD INDICES ALONG WITH HIGHER ADVANCE TAX PAYMENT. BANKING AND REALTY STOCKS GAINED. METAL STOCKS ALSO ROSE TRACKING HIGHER METAL PRICES ON THE LONDON METAL EXCHANGE. THE MARKET BREADTH WAS STRONG. THE GOVERNMENT HAS SIGNED TWO LOAN AGREEMENTS TOTALLING $850 MILLION WITH THE ASIAN DEVELOPMENT BANK (ADB), THE FINANCE MINISTRY SAID IN A STATEMENT ON TUESDAY. THE ADB WILL PROVIDE A $700-MILLION LOAN, IN THREE TRANCHES IN AS MANY YEARS, TO STATE-RUN INDIA INFRASTRUCTURE FINANCE COMPANY TO FUND THE COUNTRY'S INFRASTRUCTURE PROGRAMME. THE MANILA-BASED BANK WILL LEND $150 MILLION IN FOUR TRANCHES OVER A PERIOD OF THREE YEARS, THE STATEMENT ADDED, FOR THE RESTRUCTURING AND DEVELOPMENT OF KHADI INDUSTRY, WHICH MAKES INDIA'S TRADITIONAL HANDSPUN FABRIC. KEEP AN EYE ON MEDIA STOCKS, AND OIL

TODAY MARKETS WOULD BE VOLATILE AND RANGE BOUND NIFTY AS TOLD TOOK GOOD SUPPORT AT 4940 LEVELS AND BOUNCED BACK, IF NIFTY BREAKS 5003 THEN WILL HEAD TOWARDS 5070 LEVELS AND BREAK BELOW 4940 WOULD TAKE NIFTY TO MUCH LOWER LEVELS AS TOLD IN THE PREVIOUS TRANSCRIPT.

BUY JINDAL STEEL SL 709 TGT 719/725
BUY BPCL SL 604 TGT 616/624/640
BUY SAIL SL 222 TGT 230/234
BUY TATASTEEL SL 574 TGT 584/590
BUY IBREAL SL 207 TGT 216/218

INTRADAY TIPS FOR 22 DECEMBER 2009

GOOD MORNING!!!

INDICES SLUMPED TO HIT FRESH DAY'S LOW IN LATE TRADE. REALTY, METAL, AUTO AND CAPITAL GOODS STOCKS FELL. THE MARKET WAS VOLATILE. THE MARKET EDGED LOWER IN EARLY TRADE ON WEAK ASIAN STOCKS. THE MARKET CUT LOSSES AFTER HITTING FRESH INTRADAY LOW IN MORNING TRADE. THE MARKET MOVED BETWEEN POSITIVE AND NEGATIVE ZONE NEAR THE FLAT LINE IN EARLY AFTERNOON TRADE. THE MARKET WEAKENED ONCE AGAIN IN AFTERNOON TRADE. MARKET SLUMPED TO HIT FRESH DAY'S LOW IN LATE TRADE. AS PER REPORTS, INDIAN FIRMS PAID 24% MORE IN ADVANCE TAX FOR THE OCTOBER-DECEMBER 2009 YEAR-ON-YEAR, SUGGESTING HIGHER PROFIT GROWTH AS ECONOMIC RECOVERY PICKED UP PACE. TOP 100 FIRMS' ADVANCE TAX PAYMENTS WERE UP MORE THAN 30% IN THE DECEMBER 2009 QUARTER.

TODAY MARKETS LOOKS VOLATILE AND RANGE BOUND, ONE CAN TAKE LONG POSITIONS IF NIFTY IS ABOVE 4940 AND ANY CLOSE BELOW 4940 IS CONSIDERED TO BE VERY WEAK AND NIFTY EXPECTED TO DECLINE MUCH FURTHER THAN ANTICIPATED, IT CAN TOUCH 4800, ON INTRADAY TERMS NIFTY IF BREAKS 4940 THEN WE CAN SEE NIFTY TO TAKE SUPPORTS AT THE FOLLOWING LEVELS 4917 AND BREAK BELOW THIS WOULD TAKE SUPPORT AT 4893. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 4952 THEN IT IS LIKELY TO TOUCH 4966 TRADE ABOVE THIS LEVEL WOULD TAKE NIFTY TO 4980 AND BREAK ABOVE THIS POINT WILL TAKE NIFTY TO 5003 WHICH IS AGAIN A GOOD RESISTANCE.

BUY HDIL SL 339 TGT 344.9/348/351
BUY KRBL SL 219 TGT 228/236/240.8
BUY AXISBANK ABOVE 957 SL 949 TGT 965/977/985
BUY NTPC SL 208 TGT 210/211.5
SELL HINDALCO SL 138.8 TGT 132/129.40
SELL RECLTD SL 229.70 TGT 226/224/220/80

INTRADAY TIPS FOR 21 DECEMBER 2009

GOOD MORNING!!!

THE KEY BENCHMARK INDICES EXTENDED LOSSES IN LATE TRADE ON SPECULATION THE CENTRAL BANK WOULD TIGHTEN MONETARY POLICY TO HELP STEM RISING PRICES. THE YIELD ON THE 10-YEAR BENCHMARK BOND ROSE TO 7.7%, MATCHING A 13-MONTH HIGH HIT ON 11 DECEMBER 2009., RELIANCE INDUSTRIES AND ICICI BANK, SLUMPED. FMCG, BANKING AND REALTY STOCKS FELL. INTRADAY VOLATILITY WAS HIGH. THE MARKET CUT LOSSES SOON AFTER AN EARLY SLIDE. THE MARKET CAME OFF THE HIGHER LEVEL LATER. THE MARKET RECOVERED FROM LOWER LEVEL AFTER HITTING A FRESH INTRADAY LOW IN MORNING TRADE. THE MARKET SLUMPED, REVERSING COURSE AFTER MOVING INTO POSITIVE ZONE FROM NEGATIVE ZONE FOR A SHORT WHILE IN AFTERNOON TRADE. THE MARKET EXTENDED LOSSES IN LATE TRADE WITH THE SENSEX ENDING AT THE LOWEST LEVEL OF THE DAY.
TODAY MARKET WOULD BE VOLATILE AND RANGE BOUND AND MARKET IS EXPECTED TO BE RANGE BOUND FOR A SHORT PERIOD HERE. NIFTY IF BREAKS AND TRADES BELOW 4940 THEN ONE CAN REMAIN SHORT WITH A STOPLOSS OF 5004 AND ANY CLOSE BELOW 4940 IS CONSIDERED TO BE VERY CRUCIAL ONE CAN STAY IN SHORTS AND CARRY THEM FOR THE NEXT TRADING SESSIONS AS WELL. IF NIFTY CLOSES BELOW 4940 THEN LIKELY TO TEST 4800 LEVELS. AND ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 4996 THEN LIKELY TO MOVE UP TO 5027 AND 5040 AND BREAK ABOVE 5040 THEN LIKELY TO MOVE UP TO 5059 AND ANY CLOSE ABOVE 5059 IS CONSIDERED TO BE VERY GOOD.
BUY WIPRO SL 670 TGT 682/685
BUY TATAMOTORS ABOVE 731 SL 727 TGT 739/746/751/758
BUY ABB ABOVE 763 SL 759 TGT 769/774

BUY TRIVENI ENGG SL 103 TGT 110/113/116

BUY IBREAL SL 204 TGT 212/215

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