INTRADAY TIPS FOR 18 MARCH 2010

GOOD MORNING!!!

KEY INDICES CUT GAINS IN THE LATER HALF OF THE DAY AFTER HITTING THEIR HIGHEST LEVEL IN THE LAST TWO MONTHS. MARKET BREADTH TURNED WEAK IN CONTRAST TO A STRONG BREADTH EARLIER IN THE DAY. WORLD STOCKS ALSO ROSE AFTER THE US FED HELD BENCHMARK RATES NEAR ZERO AND MAINTAINED ITS PLEDGE TO KEEP THEM LOW FOR AN EXTENDED PERIOD. CAPITAL GOODS, METALS AND PHARAM STOCKS ROSE WHILE REALITY WAS WEAK. MARKETS SURGED IN EARLY TRADE TRACKING FIRM GLOBAL STOCKS THERE AFTER MOVED IN NARROW RANGE TILL AFTERNOON BEFORE IT WITNESSED A SELL OFF .
TODAY MARKET LOOKS POSITIVE AND MAY BE IN A STIFF RANGE BOUND. IF NIFTY TRADES ABOVE 5250 THEN LIKELY TO TOUCH 5300 AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5220 THEN LIKELY TO DIP DOWN TO 5200 AND THEN TO 5170 AND ANY BREAK BELOW THIS LEVEL WOULD COME DOWN TO 5140. BE CAUTIOUS IN THE MARKET AS MANY OF THE COUNTERS ARE IN OVER BUYING ZONE EVEN TO MOVE UP IT HAS TO CONSOLIDATE AT THE CURRENT LEVELS. VERY STOCK SPECIFIC MOVES WOULD BE WITNESSED IN THE MARKET ONE SHOULD EYE ON PSU COUNTERS FOR THE DAY.
BUY HINDCOPPER SL 519 TGT 545/558/570
BUY STCINDIA SL 485 TGT 505/511/515
BUY INDIAINFO SL 119 TGT 126/128/130
BUY GMDC SL 142 TGT 151/154/156
BUY JINDALSAW SL 217 TGT 221/223/225

POSITIVE OPENING COULD NOT REALLY WITHSTAND IN THE INITIAL START OF THE MARKETS, MARKETS DECLINED AFTER THE REVERSAL OF SOME ASIAN MARKETS, MARKET HOVERED BETWEEN POSITIVE AND NEGATIVE TERRAIN NEAR TO THE FLATLINE TILL MID AFTERNOON AND LATER BULLS TOOK COMPLETE CONTROL OF THE MARKET CAPTIVATING AND EDGED HIGHER GAINS AND ATTAINED THEIR HIGHEST CLOSING LEVELS IN THE NEAR TWO MONTHS PERIOD THIS RISE IS ALSO TRIGGERED BY GOOD IIP NUMBERS ALONG WITH ENCOURAGING ADVANCE TAX FIGURES INDICATEING BETTER FOURTH QUARTER RESULTS. METAL, CAPITAL GOODS, AUTO AND CONSUMER DURABLES STOCKS ROSE. RELIANCE INDUSTRIES AND L&T SURGED WHICH TOOK MARKETS TO NEW HEIGHTS. THE MARKET BREADTH WAS STRONG. THE Q4 MARCH 2010 ADVANCE TAX PAYMENT NUMBERS OF TOP INDIAN FIRMS WERE ENCOURAGING. RELIANCE INDUSTRIES HAS PAID RS 770 CRORE AS ADVANCE TAX FOR THE MARCH QUARTER COMPARED WITH RS 365 CRORE A YEAR AGO. INFOSYS' TAX OUTGO HAS DOUBLED TO RS 250 CRORE FROM RS 125 CRORE. TATA CONSULTANCY SERVICES PAID RS 178 CRORE, COMPARED FROM RS 53 CRORE EARLIER. STATE-RUN UNION BANK OF INDIA PAID RS 185 CRORE COMPARED WITH RS 253 CRORE A YEAR AGO. ICICI BANK'S Q3 ADVANCE TAX STOOD AT RS 350 CRORE VERSUS RS 250 CRORE A YEAR AGO. ASIAN PAINTS PAID RS 60 CRORE, VERSUS RS 43 CRORE YEAR EARLIER. STATE BANK OF INDIA HAS PAID RS 1857 CRORE VERSES RS 1810. HDFC PAID RS 280 CRORE, UNCHANGED FROM A YEAR EARLIER. TATA MOTORS PAID RS 115 CRORE VERSUS NIL A YEAR AGO. BANK OF BARODA PAID RS 300 CRORE VERSES RS 280. ZEE ENTERTAINMENT ENTERPRISES PAID RS 97 CRORE VERSUS RS 109. TATA STEEL PAID RS 513 CRORE VERSUS RS 406 CRORE. L&T PAID RS 270 CRORE VERSUS RS 275 CRORE. BAJAJ AUTO PAID RS 177 CRORE VERSUS RS 60 CRORE. M&M PAID RS 235 CRORE VERSUS NIL A YEAR EARLIER. CEMENT MAKER ACC PAID RS 330 CRORE COMPARED TO RS 340 CRORE A YEAR AGO. AMBUJA CEMENT PAID RS 120 CRORE, COMPARED WITH RS 125 CRORE A YEAR AGO. ADITYA BIRLA GROUP FIRM GRASIM INDUSTRIES PAID RS 216 CRORE AS ADVANCE TAX IN THE PERIOD UNDER REVIEW, AS COMPARED TO RS 65 CRORE A YEAR AGO. LIFE INSURANCE CORP OF INDIA (LIC) HAS PAID RS 864 CRORE AS ADVANCE TAX FOR THE MARCH QUARTER, COMPARED WITH RS 810 CRORE YEAR AGO.
TODAY MARKET WOULD OPEN POSITIVE AND TRADE ABOVE 5200 WOULD TAKE NIFTY TO 5230 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5250 AND ANY CLOSE ABOVE 5250 IS CONSIDERED TO BE BULLISH AND WILL GO BEYONG 52 WEEK HIGH. AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5170 THEN LIKELY TO COME DOWN TO 5140 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 5100 AND TILL NIFTY CLOSES BELOW 5100 WE CANT CONSIDERED TO BE WEAK, SO WATCH CAREFULLY.

BUY HPCL SL 329 TGT 340/344/347
BUY TATA Steel SL 624 TGT 635/639/645
BUY DLF SL 309 TGT 316/320/324

INTRADAY TIPS FOR 16 MARCH 2010

GOOD MORNING!!!
INDICES RECOVERED FROM THE DAYS LOW AND CLOSED FLAT AFTER MOVING BETWEEN THE POSITIVE AND NEGATIVE TERRAIN THROUGHOUT THE DAY. HIGHER EUROPEAN STOCKS HELPED A LATE RECOVERY ON THE DOMESTIC BOURSES. BUT THE MARKET ENDED OFF THE DAY'S HIGH AS STRONG INDUSTRIAL PRODUCTION DATA FOR JANUARY 2010 REINFORCED EXPECTATIONS OF A RATE HIKE BY THE RESERVE BANK OF INDIA. IT, REALTY AND BANKING STOCKS FELL. THE MARKET BREADTH WAS WEAK. THE MARKET WITNESSED BOUTS OF INTRADAY VOLATILITY. STOCKS PARED GAINS SOON AFTER HITTING 1-1/2 MONTH HIGHS AT THE ONSET OF THE TRADING SESSION. THE MARKET REGAINED STRENGTH IN MORNING TRADE. THE MARKET ONCE AGAIN TRIMMED GAINS IN MID-MORNING TRADE. THE MARKET MOVED BETWEEN POSITIVE AND NEGATIVE ZONE IN EARLY AFTERNOON TRADE. THE MARKET CUT LOSSES AFTER HITTING A FRESH INTRADAY LOW IN AFTERNOON TRADE. THE MARKET HIT A FRESH INTRADAY LOW IN MID-AFTERNOON TRADE. THE MARKET REGAINED POSITIVE ZONE IN LATE TRADE.
WE HAVE WITNESSED A LOT OF RANGE BOUND ACTIVITY IN THE MARKET WHICH CLEARLY INDICATES THAT THE MARKET IS WAITING FOR THE NEXT MOVE FOR A BREAK-OUT AND NOW IN THE CONSOLIDATION PHASE. MARKET HAS TO COME DOWN INORDER TO GO UP IF MARKET DOESN’T COME DOWN BEFORE GOING UP IT IS ALWAYS RISKY FOR AN INVESTOR THAT MARKET WOULD BE PRONE TO PRESSURE AT ANY TIME AND LIKELY TO GIVE UP MUCH MORE THAN ANTICIPATED ON PANIC, BUT IF MARKET CORRECTS FROM THIS POINT THEN IT WOULD GIVE A DIRECTION FOR INVESTING IN THE MARKETS. IF NIFTY TRADES BELOW 5120 THEN LIKELY TO DRIFT DOWN TO 5097 AND BREAK BELOW THIS WOULD COME DOWN TO 5060 AND ANY CLOSE BELOW THIS LEVEL WOULD BE WEAK AND CAN INITIATE SHORTS AND ON THE UPSIDE IF NIFTY TRADES ABOVE 5140 THEN WOULD GO TO 5170 AND ABOVE THAT WOULD LEAD NIFTY TO 5200 AND ANY CLOSE ABOVE 5170 WOULD DRIVE NIFTY TO 5300 LEVELS IN A VERY SHORT TIME.

NO RECOS FOR THE DAY

INTRADAY TIPS FOR 15 MARCH 2010

GOOD MORNING!!!
INDICES RECOVERD FROM DAY LOW AND CLOSED FLAT AFTER A HIGHLY VOLATILE SESSION, EUROPEN STOCKS HELPED RECOVERY IN THE SECOND HALF, THOUGH INDUSTRIAL PRODUCTION DATA WAS STRONG EXPECTATIONS OF RATE HIKE BY RESERVE BANK OF INDIA HAS PUT MARKET SUBDUED AT THE END. IT, REALITY AND BANKING STOCKS FELL AND OVERALL BREADTH OF THE MARKET REMAINED WEAK. INDUSTRIAL OUTPUT ROSE A ROBUST 16.7% IN JANUARY 2010 FROM A YEAR EARLIER, SLIGHTLY STRONGER THAN MARKET EXPECTATIONS AIDED BY STIMULUS MEASURE THAT BOOSTED DOMESTED DEMAND, MANUFACTURING OUTPUT JUMPED 17.9%. THE GOVERNMENT REVISED UPWARDS INDUSTRIAL PRODUCTION GROWTH FOR DECEMBER 2009 TO A RECORD LEVEL OF 17.6% FROM EARLIER 16.8%.
TODAY THE MAJOR TRIGGER IN THE MARKET FOR THE MONTH IS ADVANCED TAXES FOR THE FOURTH QUARTER. INVESTORS WILL EYE FIGURES OF ADVANCED TAX PAYMENT BY TOP INDIAN COMPANIES WHICH WILL GIVE A CLEAR INDICATION OF THE EARNINGS OF THE QUARTER WHICH IS DUE TODAY. IT MIGHT BE THE LAST TRIGGER FOR THE MARKETS FOR THE UPTREND AFTER THE ADVANCED TAXES WE MAY SEE A CHANGE IN THE TREND IN COMING DAYS AND BEFORE HEADING TOWARDS NEW HIGHS MARKETS ARE TO COME DOWN IN ORDER TO MOVE UP. 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 5097 AND TRADE BELOW THIS LEVEL WOULD LIKELY TO TAKE NIFTY TO 5060 AND THEN TO 5002 LEVELS ANY BREAK BELOW 5040 ON CLOSING BASIS WOULD BE CONSIDERED AS WEAK AND WE MAY SEE NIFTY TO SLIDE DOWN TO 4944.

BUY CAIRN SL 269 TGT 279/282 /285
BUY ASHOK LEYLAND SL 49 TGT 52/53/54
BUY GTL INFRA SL 40.40 TGT 42/43/44
BUY HOTEL LEELA SL 44.90 TGT 47/48/49

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