INTRADAY TIPS FOR 12 MARCH 2010

GOOD MORNING!!!

THE KEY INDICIES SPURTED TO THEIR HIGHEST LEVEL IN A MONTH. BANKING AND IT STOCKS ROSE. BUT AUTO STOCKS FELL. THE MARKET WAS VOLATILE. STOCKS MOVED BETWEEN POSITIVE AND NEGATIVE TERRITORY NEAR THE FLAT LINE IN EARLY TRADE. THE SENSEX RECOVERED FROM LOWER LEVEL IN MORNING TRADE AFTER HITTING A FRESH INTRADAY LOW. THE INTRADAY RECOVERY GATHERED STEAM WITH THE SENSEX SURGING TO THE DAY'S HIGH LATER. THE MARKET PARED GAINS AFTER HITTING FRESH INTRADAY HIGH IN EARLY AFTERNOON TRADE. THE MARKET ONCE AGAIN PARED GAINS SOON AGAIN AFTER JUMPING TO DAY'S HIGH IN MID-AFTERNOON TRADE. THE SENSEX SURGED AT THE FAG END OF THE TRADE AS EUROPEAN STOCKS RECOVERED FROM EARLY LOWS. THE FOOD PRICE INDEX ROSE 17.81% IN THE 12 MONTHS TO 27 FEBRUARY 2010, WHILE THE FUEL PRICE INDEX WAS UP 11.38%, THE LATEST GOVERNMENT DATA SHOWED. THE RISE IN THE FOOD PRICE INDEX WAS MARGINALLY LOWER THAN AN ANNUAL RISE OF 17.87% IN THE PREVIOUS WEEK. THE PRIMARY ARTICLES PRICE INDEX WAS UP 15.08% YEAR-ON-YEAR AS ON 27 FEBRUARY 2010. FOOD PRICES WILL BE KEENLY WATCHED IN COMING WEEKS FOR THE SECOND AND THIRD ROUND IMPACTS OF THE RECENT FUEL PRICE RISE. THE WHOLESALE PRICE INFLATION IS UNLIKELY TO TOUCH DOUBLE DIGITS BY END-MARCH, M. GOVINDA RAO, A MEMBER OF THE PRIME MINISTER'S ECONOMIC ADVISORY COUNCIL, SAID ON WEDNESDAY. THE WHOLESALE PRICE INDEX INFLATION, REACHED 8.56 % IN JANUARY 2010. THE GOVERNMENT WILL UNVEIL INDUSTRIAL OUTPUT DATA FOR JANUARY 2010 ON FRIDAY, 12 MARCH 2010. INDUSTRIAL PRODUCTION IS EXPECTED TO RISE MORE THAN 16% IN JANUARY 2010 FROM A YEAR EARLIER. INDUSTRIAL OUTPUT ROSE AT A ROBUST 16.8% IN DECEMBER 2010. A STRONG RISE IN THE OUTPUT, A 7.2% GOVERNMENT GROWTH FORECAST FOR THE 2009-10 FINANCIAL YEAR AND INFLATION WORRIES WOULD MAKE FOR A STRONG CASE FOR THE CENTRAL BANK TO HIKE BENCHMARK RATES LIKE REPO AND REVERSE REPO RATES AT ITS APRIL POLICY REVIEW. MARKET EXPECTATIONS REGARDING A POSSIBLE RATE HIKE IN APRIL REMAIN UNCHANGED, AFTER THE RESERVE BANK OF INDIA (RBI) RESORTED TO A SHARPER THAN EXPECTED 75 BASIS POINT HIKE IN CASH RESERVE REQUIREMENTS FOR BANKS AT ITS JANUARY MEETING. MARKET WATCHERS EXPECT THE RBI'S NEXT MOVE WILL BE TO RAISE BOTH ITS BENCHMARK LENDING AND BORROWING RATES RATES BY AT LEAST 25 BPS EACH TO 5% AND 3.50% RESPECTIVELY. THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET WAS WEAK.

TODAY MARKET LOOKS VOLATILE AHEAD OF IIP NUMBERS ONE HAS TO STAY CAUTIOUS IN THE MARKET, THERE WOULD BE STOCK SPECIFIC MOVES IN THE MARKET IN THE COMING DAYS TILL THE GUIDANCE IS CLEAR IN TERMS OF Q4 REVENUES ON ADVANCE TAX PAYMENTS. TODAY IF NIFTY TRADES ABOVE 5150 THEN LIKELY TO TAKE NIFTY TO 5177 AND ANY CLOSE ABOVE 5150 IS CONSIDERED TO BE STRONG AND CAN HEAD TOWARDS 5300 LEVELS ON NIFTY AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5120 THEN LIKELY TO SEE A DIP TILL 5100 AND BREAK AND TRADE BELOW 5097 LIKELY TO TAKE NIFTY TO 5060 AND THEN TO 5002 LEVELS ANY BREAK BELOW 5040 IS CONSIDERED TO BE WEAK ON THE MARKETS AND COULD SLIDE DOWN TO 4944 WHICH WILL ACT AS A KEY SUPPORT FOR NIFTY BREACH ON 4944 WOULD DRAG NIFTY TO MUCH LOWER LEVEL I.E., BELOW 4687. TODAY EDUCATION STOCKS LOOKS GOOD. SUGARS LOOKING WEAK.

BUY ABB SL 867 TGT 882/891/904*
BUY EDUCOMP SL 724 TGT 739/749/760
BUY LICHSG ABOVE 816 SL 809 TGT 823/831/842 (CAN HOLD POSITIONALLY)*
BUY BRFL SL 219 TGT 225/228/230
POSITIONAL CALLS
USHA MARTIN EDUCATION TGT 32/50
GAMMON INFRA TGT 32/50

INTRADAY TIPS FOR 11 MARCH 2010

GOOD MORNING!!!

KEY INICES POSTED SMALL GAINS ON SLIGHT RAISE IN EUROPEAN MARKETS REVERSING EARLY LOSSES AND US INDEX FUTURES POSITIVE. MOST OF THE ASIAN STOCKS ROSE REVERSING INITIAL LOSSES. THE MARKET STARTED IN A POSITIVE NOTE THEN DECLINED IN THE MIDDAY WEAKENING THE MARKET BREADTH. AUTO STOCKS EDGED HIGHER ON FRESH BUYING. BANKING SHARES WERE MIXED. TELECOM PIVOTALS SAW DIVERGENT TREND. BUT, IT STOCKS DECLINED ON PROFIT TAKING FOLLOWING RECENT GAINS TRIGGERED BY UPBEAT US JOBS DATA. HERO HONDA MOTORS STRUCK A RECORD HIGH TO RS 1940.
THE KEY FACTORS WERE MARKETS WOULD LARGELY BE INFULENCED IN THE COMING DAYS AND DECIDE THE TREND ARE: -
(A) THE ANNOUNCEMENT OF INDUSTRIAL OUTPUT DATA FOR THE MONTH OF JANUARY 2010 TOMORROW, WHICH GREW BY 16.8% IN DECEMBER 2009.
(B) THE FOURTH AND LAST INSTALLEMENT OF ADVANCE TAX BY INDIA INC DUE ON 15 MARCH WILL GIVE A BROAD INDICATION FOURTH QUARTER EARNING.
(C) FOOD PRICES WILL BE KEENLY WATCHED IN COMING WEEKS FOR THE SECOND AND THIRD ROUND IMPACTS OF THE RECENT FUEL PRICE RISE. WE EXPECT 25 BASIS POINTS HIKE IN THE REPO AND REVERSE REPO RATES EACH BY THE RBI AT THE APRIL 2010 POLICY REVIEW.
TODAY MARKETS LOOKS RANGE BOUND. MARKETS MAY NOT SHOW A CLEAR TREND TILL TOMORROW WE MAY SEE A CLEAR TREND FROM TOMORROW AFTER THE ANNOUNCEMENT OF IIP DATA. TODAY IF NIFTY TRADES ABOVE 5140 THEN LIKELY TO SEE NIFTY TO GO TO 5170 AND ANY CLOSE ABOVE THIS POINT IS CONSIDERED TO BE POSITIVE. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5100 THEN LIKELY TO DECLINE TO 5060 AND BREAK BELOW THIS LEVEL WOULD DRAG TO 5040, TRADE AND CLOSE BELOW 5040 LEVELS WOULD DRAG NIFTY TO FURTHER DOWNSIDE. STAY CAUTIOUS IN THE MARKET FROM NOW ON TILL THERE IS CLEAR TREND.

NO RECOMMENDATIONS FOR THE DAY

INTRADAY TIPS FOR 10 MARCH 2010

GOOD MORNING!!!

SELLING PRESSURE CROPPED IN THE MID DAY AFTER A STRONG GAINS TRACKING FIRM ASIAN STOCKS, IT WAS HIGHLY VOLATILE SESSION IN THE ENTIRE DAY. THOUGH THE MARKET BREADTH WAS STRONG, MARKETS ARE WAITING FOR THE TREND. SHARES FROM BANKING, AUTO AND HEALTHCARE SECTORS LED GAINS. SHARES OF STATE BANK OF INDIA (SBI) ROSE AFTER THE FINANCE MINISTER INTRODUCED A BILL IN THE LOK SABHA TO ALLOW THE BANK TO RAISE MORE CAPITAL FROM THE MARKET. IT STOCKS ROSE ON STRONG US ECONOMIC DATA. TELECOM SHARES DIPPED ON SELLING PRESSURE AFTER THE RECENT RISE.
TODAY MARKETS LOOKS VOLATILE AND NEGATIVELY BIASED. TODAY IF NIFTY TRADES BELOW 5 097 THEN LIKELY TO SEE IT TO TAKE SUPPORT AT 5060 AND BREAK BELOW THIS THEN WOULD TAKE NIFTY DOWN TO 5044 AND ANY CLOSE BELOW THIS POINT WOULD DECIDE THE TREND. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5120 THEN LIKELY TO TAKE NIFTY TO 5140 AND BREAK ABOVE THIS POINT WOULD TAKE IT TO 5170 ANY CLOSE ABOVE 5170 IS CONSIDERED TO BE BULLISH. STOCK SPECIFIC MOVEMENT WOULD TAKE PLACE. STOCKS WITH POSITIVE BIAS ARE INFINITE, JUBLFOOD, HANUNG, AQUA, HDFCBANK, HDFC, TATAELXSI, ZYLOG, PIRHEALTH, HITACHIHOM, JISLJALEQS, SRTRANSFIN, JUBILANT, GLODYNE, ARSS INFRA, JAGRAN PRAKASHAN.
BUY ZYDUSWELL SL 354 TGT 373/383/391
BUY ESCORTS SL 154 TGT 162/167/172
BUY MARUTI SL 1497 TGT 1521/1534/1545
BUY SBI SL 2039 TGT 2057/2067/2083

INTRADAY TIPS FOR 09 MARCH 2010

GOOD MORNING!!!
WITH STRONG INTRADAY GAINS IN THE OPENING OF THE MARKETS, IT COULD NOT HOLD THE SAME MOMENTUM TILL THE END AS INDICES EDGED SLIGHTLY HIGHER IN A VOLATILE TRADING SESSION AS PROFIT BOOKING TOOK PLACE IN FRONTLINE STOCKS. WITH WORLD MARKETS ON THE POSITIVE SIDE EUROPEAN, ASIAN MARKETS AND US INDEX FUTURES TRADING FIRM MARKET BREADTH REMAINED STRONG. REALTY SHARES EXTENDED THURSDAY'S GAINS ON FOLLOW-UP BUYING. BANKING AND TELECOM STOCKS ADVANCED ON FRESH BUYING. METAL STOCKS DECLINED MIRRORING A FALL IN METAL PRICES ON THE LONDON METAL EXCHANGE. THE MARKET WAS VOLATILE. THE MARKET OPENED ON A FIRM NOTE TRACKING GAINS IN ASIAN STOCKS. IT MOVED IN A NARROW RANGE TILL MID-MORNING TRADE. THE MARKET CUT GAINS IN EARLY AFTERNOON TRADE AFTER THE GOVERNMENT SOUGHT ADDITIONAL SPENDING PLAN FOR THE CURRENT YEAR. THE MARKET SLIPPED INTO THE RED LATER. THE MARKET REGAINED STRENGTH IN MID-AFTERNOON TRADE AS WORLD STOCKS ROSE. THE MARKET PARED GAINS IN LATE TRADE.
TODAY MARKET LOOKS VERY RANGE BOUND. IF NIFTY TRADES ABOVE 5141 THEN LIKELY TO MOVE UP TO 5171 IF THIS LEVEL IS BREACHED AND TRADED ABOVE THEN LIKELY TO SEE NEW HIGHS IN NIFTY. AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5100 THEN LIKELY TO DRIFT DOWN TO 5060 AND ANY TRADE BELOW 5044 AND CLOSE BELOW THIS POINT WOULD TURN THE DIRECTION OF THE MARKETS. STOCKS LOOKING POSITIVE ARE FORTIS, HEROHONDA,MARUTI, MUNDRA PORT, ICICI BANK.

BUY SIEMENS SL 734 TGT 744/751/762
BUY MARUTI SL 1464 TGT 1498/1513/1520
BUY BOMBAY DYEING SL 574 TGT 592/602/617
BUY MAHINDRA FORGING SL 135 TGT 149/159/165
BUY IDFC SL 159 TGT 165/167/169
POSITIONAL PICKS
IDFC TGT 200
SREI TGT 97

INTRADAY TIPS FOR 08 MARCH 2010

GOOD MORNING!!!

LAST TRADING SESSION WAS A VERY VOLATILE, INDICIES COULD GAIN VERY LITTLE IN A SEE SAW MARKET THE MARKET BREADTH WAS STRONG. REALTY SHARES EXTENDED THURSDAY'S GAINS ON FOLLOW-UP BUYING. BANKING AND TELECOM STOCKS ADVANCED ON FRESH BUYING. IT STOCKS WERE MIXED. METAL STOCKS DECLINED MIRRORING A FALL IN COMMODITY PRICES ON THE LONDON METAL EXCHANGE. THE MARKET WAS VOLATILE. THE MARKET OPENED ON A FIRM NOTE TRACKING GAINS IN ASIAN STOCKS. IT MOVED IN A NARROW RANGE TILL MID-MORNING TRADE. THE MARKET CUT GAINS IN EARLY AFTERNOON TRADE AFTER THE GOVERNMENT SOUGHT ADDITIONAL SPENDING PLAN FOR THE CURRENT YEAR. THE MARKET SLIPPED INTO THE RED LATER. THE MARKET REGAINED STRENGTH IN MID-AFTERNOON TRADE AS WORLD STOCKS ROSE. THE MARKET PARED GAINS IN LATE TRADE BUT COULD MANAGE TO CLOSE SLIGHTLY POSITIVE.

MARKETS MAY OPEN POSITIVE ON POSITIVE CLOSING ON FRIDAY AND WITH THE STRONG RALLY IN THE ASIAN MARKETS. MARKETS TODAY LIKELY TO BREAK THE RECENT HIGHS, IF NIFTY TRADES 5100 THEN LIKELY TO TEST 5140 LEVELS AND TRADE ABOVE THIS POINT WOULD LEAD NIFTY TO 5171 WHICH IS CONSIDERED TO BE A GOOD RESISTANCE POINT ANY BREAK AND CLOSE ABOVE THIS POINT WOULD TAKE NIFTY TO NEW HIGHS OF THE RECENT PAST. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5074 THEN LIKELY TO DRIFT DOWN TO 5044 ANY BREAK BELOW THIS POINT WOULD DRAG NIFTY TO 5002 AND ANY CLOSE BELOW 5000 IS CONSIDERED TO BE WEAK FOR THE NIFTY. STOCKS TO WATCH OUT FOR POSITIVE BIAS ARE BANKING, CEMENTS AND METALS.

BUY BANK NIFTY SL 8988 TGT 9145/9204/9250
BUY GRASIM SL 2776 TGT 2820/2844/2863
BUY SUZLON SL 78 TGT 82/84/86
BUY ESSAROIL SL 137.90 TGT 144/146/149
BUY PRAJ INDUSTRIES SL 84.90 TGT 89/92/94

INTRADAY TIPS FOR 05 MARCH 2010

GOOD MORNING!!!
KEY BENCHMARK INDICES ENDED SLIGHTLY LOWER AFTER WITNESSING INTRADAY VOLATILITY, ENDING THREE-DAY WINNING STREAK. FEARS OF RISE IN INTEREST RATES FOLLOWING RISE IN FOOD INFLATION WEIGHED ON THE SENTIMENT. FIRM GLOBAL STOCKS HAD AIDED THE RALLY ON THE DOMESTIC BOURSES RECENTLY. THE MARKET DRIFTED LOWER IN EARLY TRADE ON PROFIT TAKING AFTER LAST THREE DAYS' STRONG GAINS TRIGGERED BY THE FINANCE MINISTER'S PLEDGE TO CUT FISCAL DEFICIT IN THE UNION BUDGET. WITH THE RISE IN FOOD PRICE INDEX TO 17.87% IN THE 12 MONTHS AND FUEL PRICE INDEX TO 9.59%. ALONG WITH PRIMARY ARTICLES INDEX RISING TO 15%. HIGHER INFLATION IS LIKELY TO ADD PRESSURE ON THE CENTRAL BANK TO RAISE INTEREST RATES IN APRIL 2010. THE LATEST HIKE IN PETROL AND DIESEL PRICES WILL FURTHER INCREASE HEADLINE INFLATION. HIGHER INFLATION WILL PUT FURTHER PRESSURE ON INTEREST RATES WHICH IN TURN MAY IMPACT CORPORATE AND CONSUMER CONFIDENCE. THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET, WAS STRONG. TELECOM SHARES GAINED ON FRESH BUYING. BANKING SHARES WERE MIXED AHEAD OF A MEETING OF BANKERS WITH THE RESERVE BANK OF INDIA TOMORROW, 5 MARCH 2010 TO DISCUSS THE IMPLEMENTATION OF THE BASE RATE. AUTO STOCKS DECLINED ON PROFIT BOOKING. SOFTWARE PIVOTALS SLIPPED ON REPORTS TOP IT FIRMS ARE MULLING SALARY HIKE FOR THE FINANCIAL YEAR 2010-11, WHICH WILL IMPACT PROFITABILITY.
TODAY MARKETS WOULD BE VOLATILE AND THERE MAY BE PROFIT BOOKING COMING IN WITH A GOOD WEEK OF GAINS AND CONSOLIDATION FOR A BREAKOUT MAY TAKE PLACE. IF NIFTY TRADES ABOVE 5074 THEN LIKELY TO GO TO 5106 AND TRADE ABOVE IT WILL REACH 5130 ANY CLOSE ABOVE 5100 WILL TAKE NIFTY TO 5150 AND THIS POINT IS A VERY CRUCIAL POINT, NIFTY MAY RESIST BREAKING THIS POINT. ON THE DOWNSIDE IF NIFTY TRADES BELOW 5050 THEN LIKELY TO SLIDE DOWN TO 5005 AND BREAK BELOW THIS LEVEL AND TRADE BELOW 4998 THEN LIKELY TO MAKE A DIVE TO 4944 LEVELS BREAK BELOW 4944 IS A VERY WEAK CLOSING.
BUY JINDALSAW SL 203.9 TGT 207.2/209/212

BUY MRPL SL 74 TGT 77.6/79.4/81
BUY SESAGOA SL 439 TGT 447/452/457
BUY RELINFRA SL 1009 TGT1030/ 1042/1058

BUY IDFC SL 157 TGT 165/167/169

INTRADAY TIPS FOR 04 MARCH 2010

GOOD MORNING!!!

THE THIRD STRAIGHT DAY GAINS ON WEDNESDAY FOR THE INDICES, WHICH HAS PAVED WAY CROSSING THE PSYCHOLOGICAL BARRIER OF 17000 MARK FOR SENSEX AND SLIGHLY LOWER THAN 5100 IN NIFTY AT THE FAG END OF THE TRADE BUT PROVISIONALLY CLOSED BELOW THAT LEVEL. METALS GAINED AFTER RISE IN METAL PRICES IN LME. REALITY, FMCG, HEALTHCARE, BANKING AND POWER STOCKS ROSE. THE MARKET BREADTH WAS STRONG. ALL THE SECTORAL INDICES WERE IN THE GREEN.
TODAY, MARKETS WOULD BE RANGE BOUND AND NIFTY IF TRADES ABOVE 5085 THEN LIKELY TO GO UPTO 5110 AND ABOVE THIS POINT IF NIFTY TRADES THEN LIKELY TO SEE NIFTY TO 5150 WHICH WOULD ACT AS A KEY RESISTANCE ZONE. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5052 THEN LIKELY TO TEST DOWNSIDE LEVEL OF 4997 AND BREAK BELOW THIS WOULD COME DOWN TO 4944 AND ANY CLOSE BELOW 4944 IS CONSIDERED TO BE VERY WEAK. STOCK SPECIFIC COUNTERS IN BANKING, PHARMA, CEMENT, AUTO AND FINANCIAL STOCKS STILL LOOKS POSITIVE ON CHARTS.

BUY HDFC SL 2594 TGT 2621/2646/2661
BUY HDFC BANK SL 1769 TGT 1786/1799/1808
BUY ICICI BANK SL 899 TGT 912/918/925
BUY MCDOWEL SL 1439 TGT 1465/1479/1498