INTRADAY TIPS FOR 31 MARCH 2010

GOOD MORNING!!!

THE MARKET EDGED HIGHER IN EARLY TRADE ON FIRM ASIAN STOCKS. IT REMAINED RANGE-BOUND LATER. THE MARKET SLIPPED INTO THE RED IN MORNING TRADE. IT CAME OFF THE LOWER LEVEL IN MID-MORNING TRADE, REGAINING POSITIVE ZONE. THE MARKET ONCE AGAIN MOVED IN A NARROW RANGE IN EARLY AFTERNOON TRADE. THE MARKET ONCE AGAIN SLIPPED INTO THE RED IN MID-AFTERNOON TRADE. STOCKS EXTENDED LOSSES IN LATE TRADE INDICES EDGED LOWER AS PROFIT TAKING EMERGED AFTER THE MARKET SCALED TWO-YEAR HIGH. NEVERTHELESS, THE MARKET BREADTH WAS STRONG, WITH SOME SIDE COUNTERS SURGING SHARPLY. IT STOCKS FELL ON A FIRM RUPEE. BANKING AND AUTO STOCKS ALSO EDGED LOWER. BUT, REALTY STOCKS GAINED.

TODAY WE MAY SEE A NEGATIVE OPENING ON THE NIFTY. TODAY IF NIFTY TRADES BELOW 5264 THEN LIKELY TO COME DOWN TO 5236 AND BREAK BELOW THIS LEVEL WOULD TOUCH 5207 AND ANY BREAK AND CLOSE BELOW 5200 WOULD LEAD NIFTY TO 5139 LEVELS MAKING THE MARKETS WEAKER IN THE SHORT TERM. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5302 THEN LIKELY TO 5330 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5350 LEVELS AND ANY CLOSING ABOVE 5330 IS CONSIDERED TO BE VERY BULLISH AND WE MAY SEE NIFTY TO TOUCH 5400 TO 5500 LEVELS IN A VERY NEAR TERM. IF NIFTY DOESN’T BREACH 5264 LEVELS THEN LIKELY TO BOUNCE BACK AS THIS IS CRUCIAL LEVEL FOR NIFTY IN THE NEAR TERM.

BUY RPOWER SL 147 TGT 153/155/157.6
BUY MSK PROJECTS SL 159.40 TGT 168/174/182
BUY PIPAVAV SL 67 TGT 73/74/75
BUY SREI INFRA SL 73 TGT 78/80/83

INTRADAY TIPS FOR 30 MARCH 2010

GOOD MORNING!!!
INDICES HAS HIT THEIR HIGHEST LEVEL IN MORE THAN TWO YEARS ON FIRM GLOBAL INDICIES AND ON THE EXPECTATIONS OF GOOD Q4 RESULTS. THOUGH THE MARKET SPURTED AND INDICIES TRADING IN PREMIUM, THE DAY WAS RECORDED WITH LOW VOLUMES WITH MARKET BREADTH INDICATING A WEAKNESS. HEAVY BUYING IN MARKETS ARE DUE TO FOREIGN FUNDS WHO HAVE MADE HEAVY PURCHASES OF INDIAN STOCKS THIS MONTH. AS PER DATA FROM THE STOCK EXCHANGES, FOREIGN INSTITUTIONAL INVESTORS (FIIS) BOUGHT STOCKS WORTH A NET RS 12716.71 CRORE THIS MONTH, TILL 26 MARCH 2010. ALL IN ALL MARKET GAINED AROUND 20 POINTS AND FUTURES TRADING AROUND 16 POINTS PREMIUM. BANKING, METAL, CONSUMER DURABLES AND AUTO STOCKS LED THE GAINS.

TODAY MARKETS WOULD BE RANGE BOUND UNLESS AND UNTIL THE SPECIFIED LEVELS ARE BREACHED. TODAY IF NIFTY TRADES ABOVE 5325 THEN LIKELY TO TEST 5350 AND BREAK ABOVE WOULD LEAD NIFTY TO 5400 AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5266 THEN LIKELY TO COME DOWN TO 5240 AND BREAK BELOW WOULD TAKE NIFTY TO 5205 ANY CLOSE BELOW 5240 IS CONSIDERED TO BE WEAK AND WE MAY HEAD DOWNSIDE ONE CAN INITIATE SHORT BELOW 5240 ON CLOSING BASIS.
BUY LICHSG SL 875 TGT 890/895/900
BUY NAGARCONS SL 159 TGT 165/168/170
BUY HINDCONS SL 133 TGT 137/138.7/140.6

INTRADAY TIPS FOR 29 MARCH 2010

GOOD MORNING!!!
INDICES HIT THEIR HIGHEST LEVELS AFTER THE BUDGET, OUTLOOK OF MARKET LOOKS STRONG ON HEAVY BUYING FROM FIIS. WITH THE RESLUTS AHEAD MARKET LOOKS ENCOURAGING AS Q4 ADVANCED TAX FIGURES OF TOP COMPANIES INDICATED GOOD RESULTS NOT ONLY THE BUDGET BUT ALSO THE ADVANCED TAX FIGURES ALONG WITH GLOBAL CREDIT RATING AGENCY STANDARD & POORS LASK WEEK RATING FROM NEGATIVE TO STABLE ALSO BOOSTED THE SENTIMENT OF THE MARKET. METALS CONSUMER DURABLES AND AUTO STOCKS LED THE GAINS. THOUGH MARKET BREADTH REMAINS NEGATIVE MARKET HAS BREACHED ALL THE BARRIERS AND CLOSED IN A POSITIVE ZONE. THE NEXT TRIGGER FOR THE MARKET IS FORECAST OF THE SOUTHWEST MANSOON FOR 2010, GOOD RAINS AFTER THE LAST YEARS DROUGHT WILL BOOST FARM OUTPUT AND RURAL INCOMES. BUT IF MANSOON FORECAST TURNS NEGATIVE THEN IT WOULD PUT INFLATIONARY PRESSURE WHICH WILL DEFINITELY HAMPER THE CURRENT STRONG ECONOMIC REBOUNDAND WILL ALSO ADD PRESSURE ON RESERVE BANK TO INCREASE THE INTREST RATES TO CONTAIN THE INFLATION, WHICH WILL TAKE AWAY THE EXCESS LIQUIDITY FROM THE SYSTEM AND WILL ALSO LEAD TO THE SLOWDOWN.

TODAY MARKETS WOULD OPEN POSITIVE. IF NIFTY TRADES ABOVE 5300 THEN LIKELY TO MOVE UP TO 5340 AND IF NIFTY TRADES ABOVE THIS POINT THEN NIFTY LIKELY TO TEST 5400 LEVELS AND ANY CLOSE ABOVE 5350 WOULD TAKE NIFTY TO NEW HIGHS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5240 THEN LIKELY TO COME DOWN TO 5205 LEVELS AND BREAK BELOW 5200 WOULD TAKE NIFTY TO 5160 ANY CLOSE BELOW 5240 WOULD BE CONSIDERED WEAK FOR NIFTY ONE SHOULD GO SHORT ONLY BELOW 5200 AND ONE IS ADVISED TO EXIT LONGS BELOW 5240 ON CLOSING BASIS. ONE CAN HOLD THIER LONG POSITIONS AS LONG AS NIFTY IS HOLDING 5200 LEVELS, CONSERVATIVE TRADERS CAN EXIT LONG POSITIONS IF NIFTY CLOSES BELOW 5240 LEVELS.

BUY AMTEK AUTO SL 185.4 TGT 193.5/198/203
BUY BANK INDIA SL 319 TGT 327/329/332
BUY UTTAM GALVA STEEL SL 110 TGT 122/125/127
BUY EKC SL 122 TGT 125/127/129
BUY KFA SL SL 47.40 TGT 51.50/52.9/55

POSITIONAL TRADES
BUY SCI CMP 154.75 TGT 180/190/200
BUY ANSAL PROPERTIES CMP 73.45 TGT 81/84/89
BUY EXIDE CMP 116.55 TGT 125/128/136
BUY MSP STEEL & POWER CMP 36.20 TGT 44/50/59

INTRADAY TIPS FOR 26 MARCH 2010

GOOD MORNING!!!
THE MARKET RECOVERED FROM LOWER LEVEL IN EARLY TRADE. HOWEVER, THE INTRADAY RECOVERY PROVED SHORT-LIVED. THE MARKET ONCE AGAIN CAME OFF THE DAY'S HIGH LATER. IT TRIMMED LOSSES IN MID-AFTERNOON TRADE. THE MARKET SURGED IN LATE TRADE AS TRADERS ROLLED OVER POSITIONS IN THE DERIVATIVES SEGMENT FROM THE MARCH 2010 SERIES TO THE APRIL 2010 SERIES AHEAD OF THE EXPIRY AND TRACKING HIGHER EUROPEAN STOCKS AND GAINS IN US INDEX FUTURES. STOCKS ROSE FOR THE SECOND STRAIGHT DAY. BANKING, CAPITAL GOODS, FMCG AND REALTY STOCKS ROSE. THE MARKET BREADTH, INDICATING OVERALL HEALTH OF THE MARKET, TURNED NEGATIVE COMPARED TO POSITIVE BREADTH EARLIER IN THE DAY.
TODAY MARKET WOULD OPEN FLAT, IF NIFTY TRADES ABOVE 5260 THEN LIKELY TO HIT 5300 AND BREAK ABOVE 5300 IS CONSIDERED TO BE BULLISH AND WE MAY SEE IN THE NEAR TERM NIFTY HEADING TOWARDS NEW HIGHS OF THE YEAR SURPASSING THE PREVIOUS HIGHS OF THE YEAR, ANY CLOSING ABOVE 5300 IS CONSIDERED TO BE VERY BULLISH AND ONE IS ADVISED TO STAY INVESTED IF NIFTY CLOSES ABOVE 5300 AND ON THE DOWNSIDE, IF NIFTY TRADES BELOW 5236 THEN IT IS LIKELY TO COME DOWN TO 5205 AND ANY BREAK BELOW THIS POINT WOULD LEAD NIFTY TO 5150 AND CLOSING BELOW 5200 IS CONSIDERED TO BE WEAK FOR NIFTY.

BUY VALECHA ENGG SL 118 TGT 127/132/135.9
BUY WIPRO SL 717 TGT 728/735/741
BUY RPOWER SL 146 TGT 152/154/157
BUY TATASTEEL SL 634 TGT 640/642/646

INTRADAY TIPS FOR 25 MARCH 2010

GOOD MORNING!!!

THE KEY BENCHMARK INDICES SWAYED BETWEEN GAINS AND LOSSES, THE MARKET WAS VOLATILE AS TRADERS ROLLED OVER POSITIONS IN DERIVATIVES SEGMENT FROM THE MARCH 2010 SERIES TO THE APRIL 2010 SERIES AHEAD OF THE EXPIRY. THE MARKET PARED GAINS SOON AFTER AN INITIAL RALLY. THE MARKET FURTHER TRIMMED GAINS IN MORNING TRADE, AFTER MOVING A IN A NARROW RANGE IN MORNING TRADE. THE MARKET ONCE AGAIN MOVED IN A NARROW RANGE IN MID-MORNING TRADE. THE KEY BENCHMARK INDICES RECOVERED FROM LOWER LEVEL AFTER ERASING ALMOST THE ENTIRE INTRADAY GAINS. HOWEVER, THE INTRADAY RECOVERY PROVED SHORT-LIVED. THE MARKET SLIPPED INTO THE RED IN AFTERNOON TRADE. THE KEY BENCHMARK INDICES REGAINED POSITIVE ZONE IN MID-AFTERNOON TRADE. PHARMA STOCKS ROSE AND REALTY SHARES WITNESSED SELLING PRESSURE. OVERALL SENTIMENT ON SECTORIAL INDICIES WERE POSITIVE WITH NINE OUT OF 13 SECTORAL INDICES CLOSING IN GREEN. BUT, THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET, WAS NEGATIVE COMPARED WITH A STRONG BREADTH IN EARLY TRADES ON INTRADAY TERMS. ROLL-OVER IN INDIVIDUAL STOCKS, GTL, NATIONAL ALUMINUM COMPANY, RELIANCE POWER, GTL INFRASTRUCTURE, AND BHARTI AIRTEL, HAVE WITNESSED HIGH ROLLOVER. BUT ROLLOVER WAS LOW IN REC, DISH TV, ESSAR OIL, ITC AND WELSPUN-GUJARAT STAHL ROHREN TILL MONDAY. FOLLOWING THE PASSAGE OF THE LANDMARK HEALTHCARE BILL, MULTINATIONAL FIRMS MAY NOW BE WILLING TO PUT MORE MONEY TO BUY INTO INDIA'S FORMULATIONS COMPANIES. THE HEALTHCARE BILL IS THE US GOVERNMENT'S ATTEMPT TO REDUCE HEALTHCARE COSTS. THE OBAMA ADMINISTRATION WOULD MAKE A NEARLY $1-TRILLION COMMITMENT IN TAXPAYER MONEY OVER THE NEXT DECADE TO HELP AN ESTIMATED 32 MILLION UNINSURED AMERICANS GET HEALTH COVERAGE. THE BILL ALSO PROMOTES USE OF GENERIC DRUGS THAT ARE OFTEN ONE-TENTH THE PRICE OF THE ORIGINAL VERSION, BUT HAS THE SAME IMPACT. ANALYSTS OPINE THAT THIS WOULD TRANSLATE INTO HUGE OPPORTUNITIES TO INDIAN COMPANIES AS INDIA HAS THE LARGEST NUMBER OF US FOOD AND DRUG ADMINISTRATION APPROVED PHARMA PLANTS OUTSIDE THE US. INDIA WAS AMONG THE 14 COUNTRIES NAMED IN THE CONGRESS DISCUSSION THAT CAN OFFER LOW-COST DRUGS TO ACHIEVE LOWER HEALTHCARE COSTS
TODAY MARKET MAY OPEN FLAT WITH HIGH VOLATALITY ON THE FUTURES CONTRACT SETTLEMENT CLOSING FOR THE MONTH OF MARCH. TODAY IF NIFTY TRADES BELOW 5207 ONE CAN TAKE UP SHORT POSITION FOR A TARGET OF 5171 AND THEN TO 5140 AND ANY CLOSING BELOW 5200 IS CONSIDERED TO BE WEAK AND LIKELY TO TEST 5105 LEVELS TOO. ON THE UPSIDE IF NIFTY TRADES ABOVE 5261 LEVELS THEN WE MAY SEE NIFTY TO HEAD TOWARDS 5300 AND BREAK ABOVE THIS POINT WOULD LEAD NIFTY TO FURTHER NEW HIGHS OF THE YEAR AND ONE CAN REMAIN LONG IF NIFTY CLOSES ABOVE 5300. IF NIFTY CLOSES ABOVE 5261 THEN ONE IS ADVISED NOT TO STAY SHORT.

FEW POSITIVE SCRIPS: AUROBINDO PHARMA, BANK OF BARODA, LANCO INFRA, NAGARJUNA CON, PIRAMAL HEALTH, PETRONET

NEGATIVE SCRIPS: FINANTECH, IDEA, POLARIS AND SCI

BUY TATA ELXSI (I) LTD SL 329.9 TGT 348/374/400 (POSITIONAL)
BUY AGRO DUTCH INDS SL 19.9 TGT 21/21.90/22.7
BUY HANUNG SL 194 TGT 209/217/234
BUY VAKRANGEE SL 101 TGT 110/114/120
BUY CAIRN SL 288 TGT 300/305/309
APIL SL 596 TGT 614/620/628

GOOD MORNING!!!

THE MARKET CUT LOSSES AFTER A WEAK START. IT FURTHER TIMED LOSSES IN MORNING TRADE. IT EXTENDED RECOVERY IN MID-MORNING TRADE. INDICES WERE MARGINALLY LOWER IN EARLY AFTERNOON TRADE. IT WEAKENED ONCE AGAIN LATER TRACKING A SUBDUED GLOBAL INDICES. REALITY AND AUTO STOCKS FELL. WITH THE CENTRAL BANK RAISING THE REPO RATE, THE RATE AT WHICH IT LENDS TO BANKS TO 5% FROM 4.75% AND REVERSE REPO RATE, THE RATE WHICH IT ABSORBS FUNDS FROM THE SYSTEM TO 3.50% FROM 3.25% WITH IMMEDIATE EFFECT. INDIA IS THE SECOND MAJOR ECONOMY AFTER AUSTRALIA TO START RAISING INTEREST RATES WITH SIGNS OF GLOBAL RECOVERY EMERGING AND LOCAL PRICE PRESSURES PICKING UP. CHINA HAS RAISED ITS BANKS' RESERVE REQUIREMENTS BUT HAS LEFT ITS RATES UNCHANGED.

TODAY MARKET LOOKS FLAT TO POSITIVE WE MAY SEE LOT OF VOLATILITY IN THE MARKET AHEAD OF EXPIRY AS TOMORROW BEING A HOLIDAY WE MAY SEE LOT OF VOLATILITY TODAY AND DAY AFTER TOMORROW AS TRADERS ROLL OVER THEIR POSITIONS FROM THIS MONTH TO THE NEXT MONTH CONTRACT. NIFTY MAY OPEN GAP UP OF AROUND 25 POINTS AND IF NIFTY TRADES ABOVE 5232 THEN LIKELY TO MOVE AHEAD TO 5251 AND TRADE ABOVE THIS POINT WOULD LEAD NIFTY TO 5284 ANY CLOSE ABOVE 5251 IS CONSIDERED GOOD AND WE MAY SEE NIFTY TO MOVE TO NEW HIGHS OF THE YEAR. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5200 THEN LIKELY TO DRIFT DOWN TO 5150 AND BREACH BELOW THIS LEVEL WOULD TAKE NIFTY 5102 AND ANY CLOSE BELOW 5150 IS WEAK AND REVERSAL OF TREND.

BUY SPARC (SUNPHARMA ADVANCED RESEARCH CENTRE) SL 92 TGT 99/102/105
BUY PUNJLLOYD SL 174 TGT 178/180/182
BUY JSW STEEL SL 1215 TGT 1249/1259/1268

BUY CHAMBALFERT SL 61.80 TGT 63.4/64.8/65.70 (ONE CAN HOLD)

POSITIONAL CALL
BUY FORCE MOTOR SL 372 TGT 395/401/410 (POSITIONAL TGT 500)

INTRADAY TIPS FOR 22 MARCH 2010

GOOD MORNING!!!

MARKET SURGED IN THE MORNING TRADES NIFTY HITTING ITS HIGHEST LEVEL IN THE LAST TWO MONTHS AND 10 POINTS AWAY FROM THE 52 WEEK HIGH. MARKET ONCE AGAIN TRIMMED GAINS AND SURGED BACK AFTER HITTING FRESH INTRADAY LOWS. RELIANCE INDUSTRIES WAS THE KEY IN HOLDING THE MARKET ON THE POSITIVE TERRAIN. IT AND REALITY STOCKS FELL. PSU, AUTO AND CONSUMBER DURABLES STOCKS ROSE. MARKET MAY REMAIN VOLATILE IN THE NEAR TERM AS TRADERS ROLLOVER POSITIONS IN DERIVATIVES SEGMENT FROM MARCH 2010 SERIES TO APRIL 2010 SERIES AHEAD OF EXPIRY. OVERALL BREADH OF THE MARKET WAS NEGATIVE.

TODAY MARKET WOULD OPEN NEGATIVE ON REPO AND REVERSE REPO RATE HIKE BY RBI. WE MAY WITNESS A HIGH RANGE OF VOLATALITY. MARKET MAY OPEN GAP DOWN OF AROUND 100 POINTS IN NIFTY. TODAY IF NIFTY TRADES BELOW 5180 LIKELY TO DRIFT DOWN TO 5145 WHICH IS A STIFF SUPPORT AND BREAK AND CLOSE BELOW THIS LEVEL WOULD TAKE NIFTY TO 5057. ON THE POSITIVE SIDE OF NIFTY IF NIFTY TRADES ABOVE 5300 THEN LIKELY TO MOVE UP TO NEW HIGHS OF THE YEAR.

BUY WELGUJ SL 268 TGT 286/289/293 (ADVISED TO BUY WHEN MARKET OPENS NEGATIVE)
SELL HDFC SL 2721 TGT 2688/2675/2655/(POSITIONAL TGT 2592)
SELL M&M SL 1069 TGT 1060/1049/1026
POSITIONAL TRADES
BUY KOPRAN AT 28 TGT 35/42