INTRADAY TIPS FOR 19 JANUARY 2010

GOOD MORNING!!!

INDICES EDGED HIGHER AS ON REPORTS BANKS ARE UNLIKELY TO RAISE LENDING RATES IN THE NEAR TERM EVEN IF THE CENTRAL BANK SIGNALS A TIGHTENING OF THE MONETARY POLICY BY HIKING THE CASH RESERVE RATIO (CRR). REALTY STOCKS FELL. BUT BANKING, AUTO AND IT STOCKS GAINED. THE MARKET WAS VOLATILE. OVERALL THE STRENGTH OF THE MARKET REMAINED POSITIVE FOR THE ENTIRE DAY.
TODAY NIFTY EVEN IF IT OPENS NEGATIVE TO FLAT MARKET MAY REMAIN POSITIVE UNLESS AND UNTIL IT BREACHES THE SUPPORT GIVEN BELOW. IF NIFTY TRADES ABOVE 5276 LIKELY TO GO TO 5311 AND TRADE ABOVE THIS POINT WOULD TAKE NIFTY TO 5350 AND THEN TO 5400 ANYTHING ABOVE 5311 IS CONSIDERED TO BE VERY GOOD AND WILL MOVE STRONGLY FROM THAT POINT TO ANOTHER 100 POINTS. AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5257 THEN LIKELY TO COME DOWN TO 5238 AND BELOW THIS LEVEL WOULD TAKE NIFTY TO 5202 ANY CLOSE BELOW 5200 IS CONSIDERED TO BE WEAK. ONE IS ADVISED TO STAY SHORT BELOW 5202. APART FROM THE RECOMMENDATION GIVEN BELOW REALITY, AUTO, BANKING LOOKS STRONG AND THE STOCKS IN POSITIVE ZONE ARE GSPL, GTL, HCC, GVKPIL, HEROHONDA, INDHOT, IFCI, INDIAINFO, INDIANBANK, CANPAND, JINDALSTEL, JPHYDRO, KOTAKBANK, MTNL, PANTALOON.
BUY BANK OF BARODA SL 544 TGT 560/567/572
BUY BHARAT FORGE SL 300 TGT 305/308
BUY CUMMINSIND SL 444 TGT 459/464/470
BUY DLF SL 382 TGT 389/394/399
BUY HDIL SL 382 TGT 392/396/399
BUY AXIS BANK SL 1099 TGT 1115/1119/1125
BUY GAIL SL 434 TGT 445/450
BUY SRF SL 215 TGT 221/223/225
POSITIONAL CALLS
NAVIN FLUORINE AT 386 TGT 500/600/700/800
BUY PURAVANKARA AT 119 TGT 150/200

INTRADAY TIPS FOR 18 JANUARY 2010

GOOD MORNING!!!

LAST DAY WE HAVE WITNESSED MARKETS EDGING HIGHER IN EARLY TRADE TRACKING HIGHER ASIAN STOCKS. THE MARKET LOST GROUND LATER AND CAME OFF THE DAY'S LOWS IN MORNING TRADE. THE MARKET HIT A FRESH INTRADAY LOW IN MORNING TRADE IT WAS COMPLETELY A CHOPPY TRADING SESSION. ALONG METAL AND CAPITAL GOODS STOCKS RELIANCE ALSO FELL. BUT, REALTY STOCKS ROSE. THE MARKET BREADTH TURNED NEGATIVE IN LATE TRADE IN CONTRAST TO A STRONG BREADTH EARLIER IN THE DAY.
WE EXPECT MARKET TO REMAIN IN A CHANNEL WHERE IT NEEDS TO BREAK THE CHANNEL TO PAVE A PATH FOR THE NEW TREND. TODAY IF NIFTY TRADES BELOW 5244 THEN LIKELY TO TEST TAKE A SUPPORT AT 5214 LEVELS AND ANY BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 5197 WHICH IS VERY CRUCIAL AND BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5177 AND ANY CLOSE BELOW 5197 IS CONSIDERED TO BE BEARISH. AND ON THE UPSIDE IF NIFTY TRADES ABOVE 5262 THEN LIKELY TO MOVE UP TO 5285 AND BREAK ABOVE THIS LEVEL WOULD TAKE NIFTY TO 5311 AND ANY CLOSING ABOVE 5285 WOULD TAKE NIFTY TO NEW HIGHS OF THE RECENT PAST. WE MAY SEE MOVEMENT IN IT, CEMENT AND PSU’S.

BUY TCS SL 785 TGT 804/809
BUY HDIL SL 374 TGT 389/394/399
BUY CENTURY TEXTILES SL 584 TGT 594/599/608
BUY AMBUJA CEM SL 109 TGT 117/119
BUY BOMBAY DYEING SL 559 TGT 586/590/594
SELL RELIANCE SL 1116 TGT 1095/1080
SELL PNB SL 917 TGT 897/882

INTRADAY TIPS FOR 15 JANUARY 2010

GOOD MORNING!!!

INDICIES HAVE SHOWN GREAT STRENGTH AT THE CURRENT LEVELS MARKET WOULD NOT LIKELY TO TEST NEW LOWS UNLESS THE RECENT HIGHS ARE BROKEN. MARKETS STILL REMAIN POSITIVE UNLESS AND UNTILL NIFTY CLOSES BELOW 5197 ONE CAN SEE A POSITIVE BIAS IN NIFTY FOR INTRADAY. TODAY IF NIFTY TRADES ABOVE 5270 THEN LIKELY TO HEAD TOWARDS 5316 AND ANY BREAK ABOVE THIS POINT AND CLOSE WOULD TAKE NIFTY TO 5380. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5230 THEN NIFTY MAY TAKE SUPPORT AT 5177.

NO RECOS FOR TODAY

INTRADAY TIPS FOR 14 JANUARY 2010

GOOD MORNING!!!

HAPPY PONGAL TO YOU & YOUR FAMILY

INDICES HAVE TURNED POSITIVE FROM A NEGATIVE TERRITORY TO A MUCH BETTER POSITIVE ZONE WHERE NIFTY CAN STAND FIRM AT THIS LEVEL TAKING A FIRM SUPPORT AROUND 5160 LEVELS, NIFTY REBOUNDED FROM THE 5175 LEVELS AND MOVED TO A MUCH BETTER PLACE TURNING THE CONSOLIDATED PHASE TO A MUCH BETTER POSITIVE TERRITORY. INDICES HAVE REGAINED ON THE HOPE OF BETTER Q3 RESULTS. RELIANCE ALONG WITH IT STOCKS AND METALS HAVE PULLED UP WITH STRONG BREADTH.

NIFTY LOOKS POSITIVE AND IT IS OBSERVED THAT ACCUMULATION IN MANY STOCK SPECIFIC COUNTERS IS HAPPENING AHEAD OF BUDGET. ONE SHOULD NOT NEGATE THAT MARKET IS STILL BULLISH AND ANY SHORTS BEFORE TREND REVERSAL MAY PUT TRADER IN A VERY DIRE SITUATION SO ONE NEEDS TO OBSERVE THAT FOLLOWING TREND WOULD PUT AN INVESTOR/TRADER ON A MUCH BETTER ZONE. TODAY IF NIFTY TRADES ABOVE 5246 THEN IT IS LIKELY TO MOVE UP TO 5276 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5316 ANY CLOSE ABOVE 5276 IS CONSIDERED TO BE BULLISH ONE CAN TAKE FRESH LONG POSITIONS IF NIFTY CLOSES ABOVE 5276 LEVELS AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5230 THEN LIKELY TO SLIDE DOWN TO 5177 AND BREAK BELOW THIS WOULD TAKE NIFTY TO 5144 AND ANY CLOSE BELOW 5197 IS CONSIDERED TO BE WEAK AND ONE CAN INITIATE FRESH SHORTS AND CAN CARRY THE SHORT POSITIONS FOR THE NEXT TRADING SESSIONS.
BUY SAIL SL 238.4 TGT 244/248/253
BUY HDIL SL 367 TGT 379/384
BUY GTLINFRA SL 41.35 TGT 45.8/46.7/47.8
BUY EVERONN SL 419 TGT 434/439
BUY TINPLACE SL 88 TGT 93/95
POSITIONAL CALLS
BUY IGARASHI MOTORS INDIA AT 49 TGT 100/150/200
BUY FRESHTROP FRUITS TGT 75/125

INTRADAY TIPS FOR 13 JANUARY 2010

GOOD MORNING!!!

INDICES EDGED LOWER ON THE WORRIES THAT CENTRAL BANK WILL TIGHTEN THE MONETARY POLICY TO CURB INFLATION ON ROBUST INDUSTRIAL PRODUCTION DATA FOR NOVEMBER 2009 ALONG WITH THIS WEAK EUROPEAN STOCKS AND LOWER US INDEX FUTURES ALSO ADDED FUEL TO THE DECLINE. IT STOCKS BUCKED THE WEAK TREND AFTER STRONG Q3 DECEMBER 2009 RESULTS FROM IT BELLWETHER INFOSYS TECHNOLOGIES. FMCG, BANKING, REALTY AND METAL STOCKS FELL. THE MARKET BREADTH WAS WEAK IN CONTRAST TO A STRONG BREADTH EARLIER IN THE DAY. OVERALL MARKET WAS VOLATILE. IT TURNED NEGATIVE AFTER A FIRM OPENING TRIGGERED BY BETTER-THAN-EXPECTED Q3 DECEMBER 2009 RESULTS BY IT BELLWETHER INFOSYS WHICH WERE ANNOUNCED JUST BEFORE TRADING STARTED. IT RECOVERED FROM THE DAY'S LOW IN MORNING TRADE AFTER SOME ASIAN STOCKS REVERSED EARLY LOSSES. THE MARKET PARED GAINS AFTER HITTING FRESH INTRADAY DAY HIGH IN EARLY AFTERNOON TRADE. THE MARKET SLIPPED INTO THE RED IN AFTERNOON TRADE. THE MARKET EXTENDED LOSSES LATER.
TODAY WE MAY SEE SOME STOCK SPECIFIC MOVES ON NIFTY. IF NIFTY TRADES BELOW 5197 THEN IT WOULD LEAD MARKETS TO 5160 AND BREAK AND TRADE BELOW THIS POINT WOULD LEAD TO 5102 ONE IS ADVISED TO STAY CAUTIOUS ON LONG SIDE ABOVE 5197. ON THE UPSIDE IF NIFTY TRADES ABOVE 5220 THEN IT WILL MOVE TO 5250, IF NIFTY TRADES ABOVE 5250 THEN LIKELY TO MOVE UP TO 5276. METALS AND BANKING STOCKS LOOKS WEAK. IT WILL HOLD THE RALLY AND YOU MAY SEE SOME STOCK SPECIFIC MOVES.
BUY PFC SL 269 TGT 275/279
BUY M&M SL 1177 TGT 1196/1210
SELL TATA STEEL SL 629 TGT 616/611/606
SELL CAIRN SL 299 TGT 291/289/281

INTRADAY TIPS FOR 12 JANUARY 2010

GOOD MORNING!!!

THE MARKET PARED GAINS SOON AFTER AN EARLY SURGE TRIGGERED BY FIRM ASIAN STOCKS AND STRONG TRADE DATA FROM CHINA FOR DECEMBER 2009. THE MARKET PARED GAINS IN MID-MORNING TRADE AFTER MOVING IN A NARROW RANGE IN MORNING TRADE AFTER RIL LOST GROUND AFTER THE COMPANY SOLD A LARGE QUANTUM OF ITS TREASURY SHARES. BANKING PIVOTAL FELL. THE MARKET FURTHER TRIMMED GAINS TO HIT FRESH INTRADAY LOW IN EARLY AFTERNOON TRADE. THE MARKET LOST FURTHER GROUND IN AFTERNOON TRADE. THE MARKET SLIPPED INTO THE RED IN MID-AFTERNOON TRADE. THE MARKET CUT LOSSES IN LATE TRADE BUT, IT, AUTO, REALTY AND METAL STOCKS GAINED.

TODAY MARKET WOULD BE RANGE BOUND AND THE MAJOR TIRGGER IN THE MARKET WOULD BE THE ANNOUNCEMENT OF INDUSTRIAL OUTPUT DATA FOR THE MONTH OF NOVEMBER 2009, WHICH MAY CHANGE THE TREND OF THE MARKET. TODAY IF NIFTY TRADES ABOVE 5260 THEN LIKELY TO MOVE UP TO 5276 AND BREAK ABOVE THIS POINT WOULD LEAD NIFTY TO 5290, CLOSING ABOVE 5290 WOULD PULL NIFTY TO NEW HIGHS OF THE YEAR, WE MAY SEE NIFTY TO TOUCH 5350 AND THEN 5400. AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5245 THEN LIKELY TO COME DOWN TO 5219 AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY TO 5205, ANY CLOSE BELOW 5197 WOULD TAKE NIFTY MUCH DOWNSIDE. REALITY AND SHIPPING ARE POSITIVE. STOCK SPECIFIC: UNITECH, MLL, GESHIPPING, PANTALOON AND ORCHID CHEMICALS LOOKING POSITIVE.

BUY AXISBANK SL 1039 TGT 1064/1075/1087
BUY SIEMENS SL 639 TGT 654/665
BUY CHAMBAL FERT SL 64.95 TGT 66.1/66.7
BUY GESHIPPING SL 319 TGT 325/329/334
SELL RELIANCE BELOW 1083 SL 1087 TGT 1067/1052

INTRADAY TIPS FOR 11 JANUARY 2010

GOOD MORNING!!!

THE MARKET MAY SEE STOCK-SPECIFIC ACTION THIS WEEK AS THIRD QUARTER RESULT SEASON KICKS OFF. BESIDES CORPORATE RESULTS, MARKET PARTICIPANTS WILL BE KEENLY WATCHING INDIA'S INDUSTRIAL PRODUCTION DATA, GOVERNMENT DATA ON INDUSTRIAL PERFORMANCE FOR NOVEMBER 2009, AS MEASURED BY THE INDEX OF INDUSTRIAL PRODUCTION (IIP), WILL BE UNVEILED ON 12 JANUARY 2010 AND MONTHLY INFLATION DATA, INFLATION DATA FOR DECEMBER 2009 IS DUE ON 14 JANUARY 2010. MAJOR COMPANIES ANNOUNCING Q3 RESULTS INCLUDE, INFOSYS TECHNOLOGIES (ON 12 JANUARY), BAJAJ AUTO (12 JANUARY), TCS (15 JANUARY), HDFC BANK (15 JANUARY), AND AXIS BANK (15 JANUARY).
TODAY WE MAY WITNESS A BOUT OF VOLATILITY AND STOCK-SPECIFIC MOVEMENTS IN THE MARKET AMID THIRD QUARTER RESULTS THOUGH MARKET IS IN AN OVER STRETCHED ZONE AND THOUGH PROFIT BOOKING TAKING PLACE AT EVERY HIGHER LEVEL TECHNICALLY THE TREND REMAINS STILL BULLISH. IF NIFTY TRADES ABOVE 5265 THEN LIKELY TO SEE NIFTY TO INCH TO 5285 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5313 AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5238 THEN WE MAY SEE NIFTY SLIDING DOWN TO 5217 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 5197 AND ANY CLOSING BELOW THIS POINT IS CONSIDERED TO BE NEAR TERM BEARISH SO STAY INVESTED ABOVE 5197 AND BELOW THIS LEVEL REMAIN SHORT.
BUY GRASIM SL 2749 TGT 2790/2820/2845
BUY RELCAP SL 904 TGT 913/919/927
BUY HDIL SL 374 TGT 382/385/388
BUY SATYAM SL 108 TGT 117/120