INTRADAY TIPS FOR 23 FEBRUARY 2010

GOOD MORNING!!!

THE KEY BENCHMARK INDICES ERASED ALMOST ALL THE GAINS AFTER AN EARLY RALLY AS INVESTORS TURNED CAUTIONS AHEAD OF THE UNION BUDGET 2010-2011 LATER THIS WEEK. THE MARKET CLOSED WITH SMALL GAINS SNAPPING LAST TWO DAYS LOSSES. BUT RISING METAL PRICES ON THE LONDON METAL EXCHANGE ON FRIDAY, 19 FEBRUARY 2010 BOOSTED LOCAL METAL SHARES. IT SHARES ALSO ROSE. THE MARKET BREADTH WAS WEAK. EUROPEAN STOCKS FELL. AFTER A FIRM START TRIGGERED BY HIGHER ASIAN STOCKS, THE MARKET PARED GAINS IN MORNING TRADE. IT REGAINED STRENGTH IN MID-MORNING TRADE. THE SENSEX MOVED IN A NARROW RANGE IN EARLY AFTERNOON TRADE. THE MARKET ONCE AGAIN PARED GAINS IN MID-AFTERNOON TRADE. THE MARKET CUT ALMOST ALL THE INTRADAY GAINS IN LATE TRADE.
ECONOMIC CALENDAR FOR THE WEEK.

THE HIGHLY EVENTFUL WEEK BEGINS WITH THE RAILWAY BUDGET ON 24 FEBRUARY 2010. IT WILL BE FOLLOWED BY TABLING OF ECONOMIC SURVEY ON 25 FEBRUARY 2010 AND THE UNION BUDGET ON 26 FEBRUARY 2010.

TODAY NIFTY MAY BE VOLATILE WITH NEGATIVELY BIASED AND MAY SEE SOME WILD FLUCTUATIONS IN SECTOR SPECIFIC. TODAY WE MAY SEE NIFTY TO BE HIGHLY RANGE BOUND, IF NIFTY TRADES BELOW 4840 THEN LIKELY TO DIP TO 4798 LEVELS AND BREAK BELOW THIS LEVEL WITH VOLUMES MAY TAKE NIFTY TO 4760 AND ANY CLOSE BELOW 4800 IS CONSIDERED TO BE WEAK AND COULD LEAD THE DOWNFALL VERY RAPIDLY. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 4874 THEN ONE CAN TAKE LONG POSITION ON INTRADAY BASIS FOR A TARGET OF 4902 AND TRADING ABOVE 4900 CAN SEE POSITIVE IMPACT IN THE NIFTY AND ANY CLOSE ABOVE 4944 IS CONSIDERED TO BE BULLISH AND ONE CAN TAKE LONG POSITIONS AT THAT LEVEL. BE CAUTIOUS IN TAKING POSITIONS AS THE EXPIRY OF THIS MONTH CONTRACT IS NEARING WE MAY SEE HUGE VOLATILITY. REALITY LOOKING VERY WEAK, EDUCATION STOCKS LOOKING GOOD.
CAUTION: ONE IS ADVISED TO HEDGE YOUR POSITIONS BEFORE BUDGET AS WE MAY LIKELY TO SEE HUGE VOLATILITY IN THE MARKET. STAY WITH CAUTION IN THE MARKETS.

SELL HDIL SL 296 TGT 287/278/270
SELL SESAGOA SL 367 TGT 360/354/348
SELL DLF SL 287 TGT 278/274/270
POSITIONAL CALL
SELL TATASTEEL FUTURES SL 586 TGT 520/500/480

INTRADAY TIPS FOR 22 FEBRUARY 2010

GOOD MORNING!!!

INDICES DROPPED IN CHOPPY TRADE, EXTENDING LOSSES FOR THE SECOND STRAIGHT DAY AS THE US FEDERAL RESERVE'S DECISION TO RAISE ITS DISCOUNT RATE HURT INVESTOR SENTIMENT. GLOBAL STOCKS AND US INDEX FUTURES FELL AFTER THE US FEDERAL RESERVE RAISED ITS DISCOUNT RATE FOR THE FIRST TIME SINCE THE FINANCIAL CRISIS. THE LATEST FED MOVE STOKED EXPECTATIONS THAT A HIKE IN THE FED'S MAIN POLICY RATE COULD FOLLOW SOONER THAN MANY HAD ANTICIPATED. REALTY, METAL, AUTO, IT AND BANKING STOCKS FELL. THE MARKET BREADTH WAS WEAK.

TODAY MARKETS MAY BE POSITIVELY BIASED WITH GLOBAL CUES LOOKING POSITIVE AND THE VOLATILITY WOULD BE THE KEY FACTOR WITH FNO EXPIRY AHEAD. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 4875 THEN MAY HEAD TOWARDS 4926 AND BREAK AND TRADE ABOVE THIS POINT WOULD TAKE NIFTY TO 4944 ANY CLOSE ABOVE 4944 WOULD REVERSE THE TREND IN THE MARKET TO POSITIVE ZONE. TODAY IF NIFTY TRADES BELOW 4840 THEN TAKE NIFTY TO 4800 BREAK BELOW 4800 WOULD TAKE NIFTY TO 4740 AND ANY CLOSE BELOW 4740 WOULD DRAG MARKETS TO 4512 IN A VERY SHORT TERM. TODAY WITH RAILWAY BUDGET WE MAY SEE STOCKS LIKE MIC ELELCTRONICS, BEL, BARTRONICS, KALINDEE RAIL, EKC, TITAGARH WAGAON, TEXMACO AND FEW OTHER RELATED SECTOR MAY HAVE LOT OF VOLATILITY.
BUY MIC ELECTRONICS SL 41 TGT 47/49
BUY ABGSHIPYARD SL 257 TGT 267/278/284
BUY TITAGARH WAGON SL 449 TGT 465/475/488
BUY DALMIA CEMENTS SL 209 TGT 220/225 POSITIONAL TGT OF 245
BUY BEL SL 2039 TGT 2115/2141/2176
BUY EDUCOMP SL 690 TGT 724/743/764
POSITIONAL TRADES
BUY ISPAT IND AT 18.85 TGT 24/30

INTRDAY TIPS FOR 19 FEBRUARY 2010

GOOD MORNING!!!

THE KEY BENCHMARK INDICES FELL, SNAPPING LAST TWO DAYS' GAINS AS ASIAN STOCKS FELL AND US INDEX FUTURES EDGED LOWER.. METAL, REALTY, SUGAR AND AUTO STOCKS FELL. THE MARKET BREADTH WAS WEAK. THE MARKET DROPPED IN EARLY TRADE AS MOST ASIAN STOCKS FELL. IT CUT LOSSES IN MORNING TRADE. THE MARKET ONCE AGAIN TRIMMED LOSSES AFTER HITTING FRESH INTRADAY LOWS IN MID-MORNING TRADE. THE MARKET ONCE GAIN CAME OFF THE LOWS IN EARLY AFTERNOON TRADE. HOWEVER, THE INTRADAY REBOUND PROVED SHORT LIVED. THE MARKET LOST GROUND AGAIN IN AFTERNOON TRADE. THE MARKET MAY REMAIN VOLATILE IN THE NEAR TERM AS TRADERS ROLL OVER POSITIONS FROM FEBRUARY 2010 DERIVATIVES CONTRACTS TO MARCH 2010 CONTRACTS AHEAD OF THE EXPIRY OF THE NEAR-MONTH FEBRUARY 2010 CONTRACTS ON THURSDAY, 25 FEBRUARY 2010.

TODAY MARKET LOOKS VOLATILE AND NARROWLY RANGE BOUND. MARKET MAY RESIST GOING UPSIDE FROM HERE ON AS INTIMATED EARLIER 4944 IS THE GOOD RESISTANCE POINT WHERE NIFTY REQUIRES HEAVY BUYING TO SURPASS THIS LEVEL. TODAY MARKET LOOKS WEAK ON THE GLOBAL CUES FRONT. TODAY IF NIFTY TRADES BELOW 4875 THEN LIKELY TO SEE MARKETS TO SLIDE DOWN TO 4840 LEVELS AND BREAK BELOW THIS LEVEL WOULD LEAD NIFTY TO 4820 AND THEN TO 4805 ANY CLOSE BELOW 4805 MAY TAKE NIFTY TO LOWER LEVELS IN A VERY SHORT TERM. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 4908 THEN LIKELY TO GO TO 4944 LEVELS AND TRADE ABOVE THIS LEVEL WITH VOLUMES MAY TAKE NIFTY TO MUCH HIGHER LEVELS.

SELL REL INFRA SL 1031 TGT 1016/1008/1001
BUY CHAMBAL FERT SL 71.8 TGT 73.5/74.5/76
BUY NAHAR IND ENT SL 67 TGT 78/82/85
BUY TATACHEMICALS SL 292 TGT 299/302/305
BUY GNFC SL115 TGT 124/127/129.

INTRADAY TIPS FOR 18 FEBRUARY 2010

GOOD MORNING!!!

THE KEY BENCHMARK INDICES ROSE FOR THE SECOND STRAIGHT DAY TRACKING FIRM GLOBAL STOCKS. METAL, BANKING, CONSUMER DURABLES AND AUTO STOCKS ROSE. THE MARKET BREADTH WAS STRONG. THE MARKET OPENED ON A FIRM NOTE TRACKING GAINS IN ASIAN STOCKS. THE MARKET EXTENDED GAINS IN MID-MORNING TRADE. AFTER A SMALL CORRECTION, THE MARKET REGAINED STRENGTH IN EARLY AFTERNOON TRADE. THE MARKET CAME OFF THE HIGHER LEVEL IN AFTERNOON TRADE. VOLATILITY RULED THE ROOST AS THE MARKET FURTHER PARED GAINS IN MID-AFTERNOON TRADE. THE MARKET REGAINED STRENGTH LATER. EUROPEAN EQUITIES ADVANCED FOR A THIRD STRAIGHT SESSION ON WEDNESDAY AS FORECAST-BEATING RESULTS FROM BNP PARIBAS HELPED BANKING STOCKS AND STRONGER COMMODITY PRICES SUPPORTED MINING AND ENERGY SHARES. THE KEY BENCHMARK INDICES IN FRANCE, GERMANY AND UK ROSE BY BETWEEN 0.79% TO 1.48%.
TODAY MARKET LOOKS VOLATILE ON MIXED GLOBAL CUES. IF NIFTY TRADES ABOVE 4944 THEN WE MAY SEE AN UPSIDE TREND TO CREEP IN THE MARKETS BUT THIS TREND WOULD LAST ONLY IF NIFTY CLOSES ABOVE 4944 AND TRADES FIRM. THEN WE MAY HEAD TOWARDS UPSIDE AND ONE CAN STAY LONG ABOVE THIS POINT BUT KEEPING IN MIND THAT 4944 IS THE STOPLOSS EVEN IF ONE TAKES POSITION ABOVE 4944. AND ON THE DOWNSIDE BELOW 4944 IS CONSIDERED TO BE A GOOD BET FOR SHORTING SO ONE CAN TAKE CALCULATED RISK ON THE DOWNSIDE. WE MAY SEE SOME GOOD MOVMENT IN FERTILIZERS, RAILWAY RELATED STOCKS, BANKING, EDUCATION STOCKS ALONG WITH SUGARS LOOK POSITIVE.
BUY BAJAJHIND SL 179.9 TGT 184.5/188/192
BUY GESHIP SL 276 TGT 283/286/291
BUY EDUCOMP SL 689 TGT 714/726/740
BUY SBIN SL 1943 TGT 1969/1974/1987
BUY WELGUJ SL 249.9 TGT 258/263/265

INTRADAY TIPS FOR 17 FEBRUARY 2010

GOOD MORNING!!!

THE KEY BENCHMARK INDICES JUMPED AS FIRM GLOBAL STOCKS BOOSTED INVESTOR SENTIMENT. THE MARKET PARED GAINS SOON AFTER A FIRM START TRIGGERED BY HIGHER ASIAN STOCKS. IT MOVED BETWEEN POSITIVE AND NEGATIVE TERRAIN IN MORNING TRADE. THE MARKET REGAINED STRENGTH IN MID-MORNING TRADE. IT PARED GAINS ONCE AGAIN IN EARLY AFTERNOON TRADE. THE NIFTY SPURTED TO HIT FRESH DAY'S HIGH IN AFTERNOON TRADE. IT EXTENDED GAINS LATER. THE MARKET WITNESSED A SHARP SURGE AT THE FAG END OF THE TRADING SESSION. CAPITAL GOODS, IT, BANKING, AUTO, HEALTHCARE AND METAL STOCKS LED THE RALLY.. THE MARKET BREADTH WAS POSITIVE. ALL THE SECTORAL INDICES WERE IN GREEN.

TODAY MARKETS LOOK POSITIVE ON THE LAST DAYS VOLUMES AND GLOBAL RALLY ALONG WITH ASIAN STOCKS TRADING HIGHER. NIFTY IF TRADES ABOVE 4855 THEN LIKELY TO HEAD TOWARDS 4905 AND BREAK ABOVE THIS POINT WOULD GO TO 4950 AND ANY CLOSE ABOVE 4944 IS CONSIDERED TO BE VERY CRUCIAL IN THE NIFTY POINT OF VIEW AND MAY SEE FURTHER UPSIDE IN THIS PRE BUDGET RALLY, ELSE ONE CAN CONSIDER THIS RALLY AS A RETRACEMENT TO RECENT FALL AND IS LIKELY TO TOUCH 4944 LEVELS AND GO DOWN FURTHER IN THE NEAR FUTURE. NIFTY ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4850 THEN LIKELY TO SEE A DIP TILL 4802 AND BREAK BELOW THIS WOULD TAKE NIFTY 4766 BUT THE CHANCES ON INTRADAY IS LESS. TEXTILE STOCKS GIVEN A POSITIVE BREAKOUT ALONG WITH CEMENT STOCKS.

BUY PUNJLLOYD SL 180 TGT 186/190/192
BUY CAIRN SL 263.4 TGT 268/272/275
BUY IBREAL SL 180 TGT 186/191/200
BUY RANBAXY SL 438 TGT 446/455/460
BUY BHARATFORG SL 254 TGT 260/264/268
POSITIONAL TRADES
BUY VARUN INDS TGT 240/310 (SHORT TERM)*
BUY VIPIND TGT 325 (SHORT TERM)*
BUY RANE (MADRAS) TGT 140**
BUY JAIN IRRIGATION TGT 1200

INTRADAY TIPS FOR 16 FEBRUARY 2010

GOOD MORNING!!!

THE KEY BENCHMARK INDICES FELL ON WORRIES THE CENTRAL BANK MAY TAKE MORE MONETARY ACTION TO CHECK INFLATION AFTER THE LATEST DATA SHOWED THAT THE HEADLINE INFLATION JUMPED IN JANUARY 2010. CONSUMER DURABLES, CAPITAL GOODS, REALTY, FMCG, BANKING SHARES FELL. INDIA'S LARGEST MOBILE SERVICES PROVIDER BY SALES BHARTI AIRTEL FELL MORE THAN 9% ON CONCERNS THE LEADING MOBILE FIRM'S $10.7 BILLION OFFER FOR KUWAITI ZAIN'S AFRICAN ASSETS COULD STRAIN ITS FINANCES. THE MARKET BREADTH, WHICH WAS STRONG AT THE ONSET OF THE TRADING SESSION, TURNED WEAK LATER. THE MARKET WAS VOLATILE. STOCKS TURNED NEGATIVE SOON AFTER A FIRM START. THE SENSEX MOVED IN A NARROW RANGE IN MORNING TRADE. THE MARKET EDGED LOWER AFTER MOVING BETWEEN THE POSITIVE AND NEGATIVE TERRAIN IN MID-MORNING TRADE. THE MARKET SLUMPED IN EARLY AFTERNOON TRADE AS INFLATION JUMPED. THE MARKET WEAKENED AGAIN AFTER RECOVERING SHARPLY FROM THE DAY'S LOW IN MID-AFTERNOON TRADE.

TODAY MARKET WOULD REMAIN VOLATILE AND NARROWLY RANGE BOUND. ON THE NIFTY FRONT IF NIFTY TRADES BELOW 4784 THEN LIKELY TO COME DOWN TO 4740 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 4704 WHERE IT IS CONSIDERED AS A MINOR SUPPORT, IF THIS SUPPORT IS BROKEN AND CLOSED BELOW THIS LEVEL THEN ONE CAN SEE NIFTY TO COME DOWN TO NEW LOWS OF THE YEAR, ONE CAN EXPECT NIFTY TO COME DOWN BY ANOTHER 200 TO 300 POINTS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 4820 THEN ONE CAN TAKE LONG FOR A TARGET OF 4865 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 4909 CLOSE ABOVE 4944 IS CONSIDERED TO BE POSITIVE ON CHARTS UNTIL THEN NIFTY CAN BE CONSIDERED TO BE NEGATIVE. ONE IS ADVISED NOT TO GO LONG WITH ALL THE CAPITAL ONE HAS, IT IS ADVISED TO JUST INVEST ONLY 25% OF THE CAPITAL AND TRY TO TRADE ONLY ON INTRADAY BASIS.

SELL STERLITE SL 749.6 TGT 738/732/726
BUY JINDAL STEEL AND POWER SL 629 TGT 638/644/650
BUY JSW STEEL SL 999 TGT 1019/1026/1037
BUY POLARIS SL 162 TGT 171/174
BUY UNITECH SL 72 TGT 77/78
BUY GTLINFRA SL 41.5 TGT 43/44/45
POSITIONAL CALLS
BUY SONA KOYA STEERING @ 16 TGT 24/32/40

INTRADAY TIPS FOR 15 FEBRUARY 2010

GOOD MORNING!!!

ON THURSDAY KEY BENCHMARK SURGED AS FIRM ASIAN STOCKS AND GAINS IN US INDEX FUTURES BOOSTED SENTIMENT. THE GOVERNMENT'S DECISION TO EASE FOREIGN INVESTMENT RULES ALSO UNDERPINNED SENTIMENT. METAL, REALTY, AUTO AND BANKING STOCKS VAULTED. THE MARKET BREADTH WAS STRONG. THE MARKET PARED GAINS IN EARLY AFTERNOON TRADE AFTER A ROUSING START TRIGGERED BY FIRM ASIAN STOCKS. HOWEVER, BUYING AT LOWER LEVELS ONCE AGAIN PROPELLED STOCKS HIGHER IN AFTERNOON TRADE. EXPORTS IN JANUARY ROSE 11.5% TO $14.3 BILLION, FOREIGN DIRECT INVESTMENT IN DECEMBER WENT UP AN ANNUAL 13% TO $1.5 BILLION. THE UNION CABINET TODAY EASED FOREIGN INVESTMENT RULES. FOREIGN INVESTMENT PROMOTION BOARD (FIPB) CAN APPROVE INVESTMENTS OF UP TO RS 1200 CRORE, MEANWHILE, THE DATA RELEASED BY THE GOVERNMENT TODAY SHOWED THAT ANNUAL FOOD INFLATION ROSE FOR THE THIRD STRAIGHT WEEK. THE FOOD PRICE INDEX ROSE 17.94% IN THE 12 MONTHS TO 30 JANUARY 2010, HIGHER THAN AN ANNUAL RISE OF 17.56% IN THE PREVIOUS WEEK. THE FUEL PRICE INDEX ROSE 10.44 % AND PRIMARY ARTICLES PRICE INDEX ROSE 15.75 %. SHARES OF FIRMS WHOSE FORTUNES ARE LINKED TO ORDERS FROM INDIAN RAILWAYS ROSE CONTAINER CORPORATION OF INDIA, BEML, KALINDEE RAIL NIRMAN, STONE INDIA, TEXMACO AND TITAGARH WAGONS ROSE BY BETWEEN 2.27% TO 16.19%.
TODAY MARKETS MAY OPEN FLAT AND RANGE BOUND. IF NIFTY TRADES ABOVE 4865 THEN LIKELY TO GO UP TO 4909 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 4944 WHICH IS CONSIDERED TO BE VERY CRUCIAL LEVEL FOR THE MARKET TO TURN BULLISH ANY CLOSE ABOVE 4944 IS CONSIDERED TO BE BULLISH ONE IS ADVISED TO STAY IN THE MARKET ON INTRADAY TERMS AND NOT TO INVEST MORE THAN 30% OF THEIR CAPITAL AS MARKET HAS GOOD DOWNSIDE REMAINING. NEGATIVE SIDE IN THE MARKETS ON INTRADAY BASIS IF NIFTY TRADES BELOW 4825 THEN LIKELY TO SEE NIFTY TO 4783 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 4740 AND ANY CLOSING BELOW 4740 IS CONSIDERED TO BE A VERY WEAK. WE MAY HAVE GOOD NUMBER OF BAD NEWS COMING IN THE BUDGET SO ONE IS ADVISED NOT TO FOLLOW THIS UPSIDE MOVE ON POSITIONAL TERMS AS THIS MAY NOT LAST LONGER AND LIKELY TO DRAG NIFTY TO 4400 LEVELS IN A VERY SHORT TERM
BUY TITAGARH WAGONS SL 454 TGT 474/488/500
BUY HINDOIL EXPLORATION SL 263 TGT 284/294/300
BUY RPOWER SL 139 TGT 145/147
BUY IBREAL SL 172 TGT 183/186/189

POSITIONAL TRADES
BUY KAUSHALYA INFRA @ 22.45 TGT 29
BUY KIRLOSKAR FERROUS INDS@ 31.4 TGT 40
BUY ELECTROSTEEL CASTINGS @45.55 TGT 57
BUY RENAISSANCE JEWELLERY LTD @ 67.85 TGT 85
BUY HARRISON MALAYALAM @112.75 TGT 170 SL 96