INTRADAY TIPS FOR 12 MAY 2010

GOOD MORNING!!!

WEAKNESS IN THE ASIAN MARKETS HAS HAMPERED THE GAINS AND EDGED INDIAN MARKETS LOWER, AS INVESTORS BECAME APPREHENSIVE ON MARKETS AND OPTED TO TAKE SOME PROFITS OFF THE TABLE ON ACCOUNT OF A BIG BIG RALLY ON MONDAY WHICH HAS TRIGGERED ON THE ANNOUNCEMENT OF 750 BILLION EURO RESCUE PACKAGE BY EUROPEAN UNION FINANCE MINISTERS. INITIALLY MARKET OPENED ON A FLAT NOTE TRACKING WEAK GLOBAL CUES AND AFTER SOMETIME MARKETS TURNED SORE, IT WAS COMPLETELY A DAY OF TRADERS AND MARKET WAS ON A SWINGING NOTE UP AND DOWN BUT ALL IN ALL EDGED LOWER AND WEAKNESS PERSISTED THROUGH OUT THE DAY AND BREACHED THE PSYCOLOGICAL BARIER OF 5150 MARK AND OVERALL HEALTH OF THE MARKET TURNED WEAK.
MARKETS TODAY WOULD BE HIGHLY VOLATILE AND IN A NARROW RANGE BAND. ONE HAS TO BEAR IT IN MIND THAT MARKETS ARE VERY ERRATIC AND IS NOT GIVING CLEAR TREND AFTER A 180 POINT SURGE MARKET HAS LOST 80 POINTS WHICH INDICATES THAT THE STRENGTH OF MARKET IS YET NOT CONFIRMED ON THE POSITIVE SIDE. ONE IS ADVISED TO STAY VERY CAUTIOUS AND GET OUT OF MARKETS IN INTRADAY TILL THE CLEAR TREND IS FORMED. TODAY IF NIFTY TRADES BELOW 5125 THEN LIKELY TO COME DOWN TO 5083 AND THEN TO 5062 AND IF BREACHES BELOW THIS LEVEL THEN WOULD SLIDE DOWN TO 5037. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5160 THEN LIKELY TO MOVE UP TO 5200, BREAK AND TRADE ABOVE 5200 WOULD TAKE NIFTY TO 5240, ONE IS ADVISED TO STAY LONG IF NIFTY TRADES ABOVE 5200.
SELL UCO BANK SL 71 TGT 70/69/68
SELL ABAN SL 1048 TGT 1032/1018/1007
BUY UNIPHOS ABOVE 175 SL 173.80 TGT 177/178.5/179.7
BUY MUNDRA PORT ABOVE 705 SL 700 TGT 714/719/724
BUY IFCI ABOVE 52.5 SL 51.90 TGT 53.4/54.6/55.4

INTRADAY TIPS FOR 11 MAY 2010

MORNING!!!
MARKET WERE MAGICALLY, MAGNIFICENT AND OUTSTANDING AFTER BEING IN A BEARISH MODE WITH ALL THE NEWS FROM EUROPEAN UNION FOR THE LAST ONE WEEK SUDDENLY MARKET TURNED VERY FERTILE WITH STOCKS BOUNCING BACK ON A STRONG NOTE AND BULLS COMPLETELY TAKEN OVER THE CHARGE OF STOCK MARKETS AND BEARS DIDN’T DARE TO EVEN ENTER TO CONTAIN ALL IN ALL COMPLETE DAY OF BULLS. MARKET OPENED IN GREEN WITH AROUND 70 ODD POINTS AND FROM THERE ON MARKET KEPT ON HITTING NEW HIGHS AND MOVED UP MORE THAN 180 POINTS IN NIFTY, IT IS THE BIGGEST SINGLE DAY GAIN IN ALMOST LAST ONE YEAR. THE TRIGGERS CAME FROM ANNOUNCEMNT OF 750 BILLION EURO RESCUE PACKAGE BY EUROPEAN UNION FINANCE MINISTERS. THE PACKAGE WILL BE IN THE FORM OF A LOAN WORTH 440 BILLION EURO FROM EURO ZONE GOVERNMENTS, THE INTERNATIONAL MONETARY FUND OR IMF WILL CONTRIBUTE AROUND 250 BILLION EURO WHILE THE REST WILL COME FROM SURPLUS FUNDS OF EU COMMISSION. THIS HAS PAVED WAY TO THE SHORT COVERING AS WELL AS FRESH BUYING IN EQUITIES ACROSS THE GLOBE. BACK HOME, THE RALLY WAS IN THE HIGH BETA REALTY, METAL AND BANKING COUNTERS LEADING FROM THE FRONT.
TODAY MARKETS WOULD OPEN POSITIVE ON BUYING INTREST FROM ACROSS THE GLOBE WITH ASIAN ALONG WITH US MARKETS BEING IN A VERY POSITIVE TERRAIN. IF NIFTY TRADES ABOVE 5200 THEN LIKELY TO MOVE UP TO 5250 AND THEN TO 5290 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO NEW HIGH AND THERE MAY BE LOT OF SHORT COVERING TO TAKE PLACE AT 5300 AND FRESH BUYING INTREST MAY ALSO CROP IN AT THIS POINT IN NIFTY SO CLOSE ABOVE 5300 IN NIFTY IS CONSIDERED TO BE VERY BULLISH IN NIFTY AND ONE IS ADVISED TO STAY INVESTED AS WELL ABOVE THIS POINT ON CLOSING BASIS AND BEING WITH THE TREND IS MOST ESSENTIAL IN MARKETS SO STAY CAUTIOUS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5160 THEN ONLY THINK OF SHORTING ELSE NO POINT AT THIS STAGE TO THINK OF ANY NEGATIVE IN NIFTY BUT IF NIFTY TRADES BELOW 5160 THEN LIKELY TO DIP DOWN TO 5080 AND THEN TO 5037. FOLLOW THE LEVELS INDICATED.
BUY IFCI SL 51.4 TGT 53/54/55
BUY ORBITCORP SL 306.45 TGT 318/327/340
BUY HDFC BANK SL 1924 TGT 1950/1978/1994
BUY BAJAJFINSV ABOVE 443.5 SL 436.4 TGT 453/465/483 (FOR POSITIONAL ULTIMATE TARGET 530)
BUY INDIA BULLS SL 149.7 TGT 156/169/162
BUY JSW ENERGY SL 123 TGT 126/127/128
POSITIONAL TRADES
BUY ATLANTA CMP TGT 350/385

INTRADAY TIPS FOR 10 MAY 2010

GOOD MORNING!!!

INDICES EXTENDED LOSSES ON THE LAST TRADING DAY OF THE WEEK, WITH THE MARKET DECLINING IN ALL THE FIVE TRADING SESSIONS THIS WEEK AS EURO ZONE DEBT WORRIES RATTLED GLOBAL STOCKS. EXCEPT THE OIL & GAS INDEX, ALL THE OTHER SECTORAL INDICES WERE IN THE RED. THE MARKET BREADTH WAS WEAK. REALTY, BANKING, METAL, PHARMA, CAPITAL GOODS AND TELECOM STOCKS FELL. FMCG STOCKS ROSE ON DEFENSIVE BUYING. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL) EDGED HIGHER AFTER A THREE MEMBER SUPREME COURT BENCH RULED 2-1 IN FAVOUR OF THE COMPANY ON GAS DISPUTE WITH RELIANCE NATURAL RESOURCES (RNRL) THAT NOW GIVES THE GOVERNMENT CONTROL OVER SETTING GAS PRICES. THE COURT ORDERED THE TWO FEUDING FIRMS TO RENEGOTIATE A GAS CONTRACT WHICH WAS FIRST DRAWN UP IN 2005 AS A PART OF A FAMILY SETTLEMENT. RNRL AND OTHER ANIL DHIRUBHAI AMBANI GROUP (ADAG) SHARES SLUMPED. VOLATILITY WAS HIGH.
TODAY MARKET LOOKS POSITIVE ON OPENING AND THERE WOULD BE BARGAIN HAUT AS ALL THE ASIAN STOCKS MOVING POSITIVE AND MARKET LIKELY TO REGAIN STRENGTH. IF NIFTY TRADES ABOVE 5037 THEN LIKELY TO TAKE OFF TO 5100 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5133 AND TRADING ABOVE THIS POINT WITH GOOD VOLUMES WOULD LEAD MARKET TO 5180 LEVELS AND MAY EVEN SEE SHORTS TO UNWIND. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5000 ONLY THEN ONE CAN TAKE FRESH SHORTS AND HOLD IT, ELSE IT IS WISE TO STAY AWAY FROM SHORTS FOR THE DAY.
BUY JINDALSTEEL & POWER SL 640 TGT 670/684/693
BUY TATAMOTORS SL 758 TGT 773/789/800
BUY LIC HSG SL 905 TGT 925/937/945
BUY HPCL SL 329 TGT 339/343/350

POSITIONAL TRADES
BUY EICHER MOTORS TGT 1035/1300

INTRADAY TIPS FOR 07 MAY 2010

GOOD MORNING!!!

MARKETS RECOVERED FROM A DEEP DOWNSIDE, EQUITY, MARKETS EXTENDED THEIR EARLY LOSSES IN LATE AFTERNOON TRADES LED BY SHARP CUTS IN SOME OF THE REGIONAL PEERS AND SUBDUED START FOR MOST OF THE EUROPEAN SHARES. THE MARKET BREADTH TURNED NEGATIVE ON THE BACK OF SELLING PRESSURE IN MID-CAP AND SMALL-CAP SPACE. IN SECTORAL SPACE METALS DOWN 2.04%, CAPITAL GOODS DOWN 1.41%, REALTY DOWN 1.36%, IT DOWN 1.26% AND POWER DOWN 1.23%. MARKETS HAVE BOUNCED BACK WITH VERY GOOD VOLUMES AND HAVE NEGATED ALL THE LOSSES MADE IN THE MORNING SESSION. ALMOST ALL THE STOCKS HAVE BOUNCED BACK ON BARGAIN HUNT. BANKING RECOVERED FROM LOWS AND THE SOLE PERFORMER IN YESTERDAYS MARKET WAS PHARMA

TODAY MARKET MAY OPEN IN DEEP RED WITH AMERICAN MARKETS RECORDING THE HIGHEST FALL IN A YEAR AND ASIAN MARKETS ARE TRADING IN NEGATIVE ZONES. TODAY NIFTY WOULD BLEED INITIALLY TAKING A SUPPORT AT 5000 LEVELS AND THEN MAJOR SUPPORT AT 4950. ONE CAN INITIATE LONGS NEAR TO 4950 LEVELS AND MOVE SEE TILL THE END OF THE DAY IF NIFTY CLOSES ABOVE 4950 THEN HOLD IT ELSE EXIT ALL YOUR LONGS AS MARKETS WOULD FALL MUCH MORE IF IT DOESN’T HOLD TO 4950 LEVELS. ON THE POSITIVE SIDE CHANCES ARE VERY REMOTE FOR TODAYS TRADING.

NOTE: BARGAIN HAUNTING CAN BE INITIATED WHEN MARKET FALLS AND COMES DOWN TO THE SUPPORT LEVELS INDICATED ABOVE.

INTRADAY TIPS FOR 06 MAY 2010

GOOD MORNING!!!

GLOBAL JITTERS DIDN’T IMPACT MUCH TO THE INDIAN MARKETS AT THE END OF THE DAY INDICES HAVE MANAGED TO END THE DAY WITH MARGINAL LOSSES. INITIALLY THE MARKETS SLID BASED ON GLOBAL MARKETS BUT HAVE MANAGED TO REBOUND IN THE BOURSES WHICH WAS LED BY TECHNOLOGY, SOFTWARE AND HEALTHCARE STOCKS WHILE METAL STOCKS TOPPED THE LOSERS LIST FOR THE THIRD DAY IN A ROW. SHARES REPRESENTING REALITY, CAPITAL GOODS AND OIL & GAS SECTORS WERE THE OTHER PROMINENT LOSERS IN TRADE.

TODAY MARKETS LOOK TO BE VOLATILE IN THE INITIAL PHASE THOUGH MARKET MAY OPEN SLIGHTLY NEGATIVE TO FLAT. IF NIFTY MANAGES TO TRADES BELOW 5098 THEN LIKELY TO SLIDE DOWN TO 5060 LEVELS AND BREAK BELOW 5050 LEVELS WOULD TAKE NIFTY TO 4950 LEVELS AND ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5140 THEN LIKELY TO MOVE UP TO 5170 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5200 LEVELS AND ANY CLOSE ABOVE THIS POINT WOULD MAKE NIFTY TO GO MUCH HIGHER ZONES. TODAY MARKET WOULD BE VERY VOLATILE AND RANGE BOUND, SO STAY CAUTIOUS AND TRADE. WHATEVER TRADE ONE IS TAKING EITHER LONG OR SHORT WOULD BE PROFITABLE BUT MAKE SURE YOU FOLLOW THE LEVELS SPECIFIED AS STOPLOSS LIKE IF NIFTY TRADES AT 5110 THEN GO LONG WITH STOPLOSS AS 5098 AND IF NIFTY TRADES AT 5130 LEVEL GO SHORT WITH 5140 IS STOPLOSS.

NOTE: ONE CAN GO LONG AGAIN IF STOPLOSS IS HIT AND GOING UP AGAIN.
BUY SESAGOA SL 394 TGT 410/414/418
BUY SAIL SL 211 TGT 216/219/225
POSITIONAL TRADES
BUY BANK RAJASTHAN CMP 89.55 TGT 112/125
BUY UNITED PHOSPHORUS CMP 170.45 TGT 200/215
BUY BAJAJ FINSE CMP 399.15 TGT 550
BUY UFLEX LIMITED CMP 114.05 TGT 135/150
BUY EICHER MOTORS CMP 815.85 TGT 1000
BUY BLUE DART EXPRESS CMP 902.20 TGT 1050/1287/1550
BUY JB CHEMICALS CMP 93.05 TGT 140
BUY INDIABULLS FINANCIAL SERVICES CMP 154.65 TGT 210/240
BUY GHCL CMP 50.55 TGT 58/70
BUY PIRAMAL HEALTHCARE LIMITED CMP 555.6 TGT 700
BUY DIC INDIA LIMITED CMP 289.30 TGT 333/440
NOTE: THE ABOVE SCRIPS CAN BE BOUGHT AT ANY TIME IN THE MARKET EVEN BELOW THEIR CURRENT MARKET PRICES (CMP)

INTRADAY TIPS FOR 05 MAY 2010

GOOD MORNING!!!

ALL THE INDICIES WITNESSED A SELL OFF AS THE GLOBAL WORRIES CONTINUED MAKING THE SENTIMENT OF THE INVESTORS ON THE NEGATIVE SIDE. THE SLUMP IN THE MARKETS WAS LED BY ACROSS THE BOARD SELLING FROM MARKET PARTICIPANTS. METAL, REALTY AND CAPITAL GOODS STOCKS WHICH WAS COMPLETELY TAKEN OVER BY THE BEARS DURING THE SESSION. MARKETS STARTED THE DAY ON A FLAT NOTE DESPITE STRONG RALLY ON THE WALL STREET IN OVERNIGHT TRADE UNDERPINNED BY STRONG ECONOMIC DATA. INITIALLY THE MARKETS MANAGED TO TRADE WITH MINOR GAINS DURING THE FIRST HALF OF THE SESSION AND THEN TURNED TO NEGATIVE TERRAIN IN THE EARLY AFTERNOON TRADES TRACKING DOWN-TICK ON THE US INDEX FUTURES AND MUTED START FOR THE EUROPEAN SHARES. CONCERNS OVER WOES OF THE EURO ZONE ALSO PLAYED SPOILSPORT FOR THE DALAL STREET IN THE SECOND HALF OF THE SESSION. THE SELLING GOT INTENSIFIED IN LATE TRADES WHICH DRAGGED THE NIFTY BELOW THE CRUCIAL SUPPORT LEVEL OF 5150. THE BREADTH OF THE MARKET TURNED VERY WEAK.

TODAY MARKETS WOULD OPEN GAP DOWN AND WOULD REMAIN IN A NARROW RANGE BOUND WE SEE TODAY BEARS WOULD CAPTIVATE THE MARKETS ON EVERY RISE AND NIFTY TO TAKE SUPPORT AT 5050 LEVELS WHICH IS VERY CRUCIAL IF THIS LEVEL IS BREACHED THEN NIFTY COULD COME DOWN TO 4940 LEVELS WHICH IS CONSIDERED TO BE THE VERY VERY CRUCIAL LONG TERM SUPPORT FOR NIFTY. ON THE POSITIVE SIDE TODAY NIFTY CHANCES OF ANY POSITIVENESS IS REMOTE BUT ONE CAN INITIATE LONG POSITIONS AT THE FOLLOWING PLACES WITH STRICT STOPLOSS, TAKE NIFTY AROUND 5060 TO 5070 LEVELS WITH STRICT STOPLOSS OF 5050 AND ONCE THIS IS BREACHED AGAIN TAKE A POSITION AT 5010 TO 5020 LEVELS WITH STRICT STOPLOSS OF 5000.
NOTE: THERE IS EVERY CHANCE OF RECOVERY IN THE SECOND HALF SO BE CAREFUL IN THE MARKET.

SELL JSPL SL 923 TGT 696/678/665
SELL HINDALCO SL 165 TGT 158/155/152
SELL JSWSTEEL SL 1156 TGT 1125/1116/1105

INTRADAY TIPS FOR 04 MAY 2010

GOOD MORNING!!!

INDICES ENDED CHOPPY AND HALTED A TWO DAY RALLY. WEAK GLOBAL STOCKS WEIGHED ON INVESTORS' SENTIMENT. THE MARKET BREADTH WAS WEAK. HIGH BETA INFRASTRUCTURE STOCKS DECLINED ON SELLING PRESSURE. METAL STOCKS DECLINED AS COPPER PRICES FELL ON CONCERN MONETARY TIGHTENING IN CHINA WILL CRIMP DEMAND FOR THE METAL. BUT, IT PIVOTALS WERE OFF DAY'S LOW ON BARGAIN HUNTING AFTER AN INITIAL SETBACK TRIGGERED BY FALL IN ADRS ON FRIDAY. AUTO SHARES SURVIVED THE BROAD MARKET DECLINE ON ROBUST SALES IN APRIL 2010. INTEREST RATE SENSITIVE BANKING AND FINANCIAL SHARES DECLINED ON FEARS THE RESERVE BANK OF INDIA MAY RESORT TO FURTHER MONETARY TIGHTENING TO COUNTER SOARING INFLATION. STOCKS WERE VERY VOLATILE. THE MARKET CAME OFF THE LOWER LEVEL AFTER AN INITIAL SHARP SLIDE TRIGGERED BY WEAK ASIAN STOCKS.
TODAY MARKET LOOKS POSITIVE ON GLOBAL RECOVERY. IF NIFTY TRADES 5226 THEN LIKELY TO MAKE AN UPMOVE TILL 5260 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5290 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5320 LEVELS AND ONE CAN INITIATE LONGS IF NIFTY TRADES CLOSES ABOVE 5300 LEVEL. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5200 LEVELS ONE CAN SEE NIFTY TO DECLINE TO 5160 AND ANY FURTHER TRADE BELOW 5160 WOULD TAKE NIFTY TO FURTHER DOWNSIDE AND BEARS WILL ATTACK AND WILL HAVE AN UPPER HAND OVER BULLS IN THE NEAR TERM AND ONE CAN CONSIDER THIS 5160 LEVELS TO BE A GOOD SUPPORT FOR NIFTY IN NEAR TERM. ONE CAN INITIATE SHORT IF NIFTY BREACHES 5160 LEVELS.
BUY PIRAMAL HEALTH SL 544 TGT 555/559/564
BUY JB CHEMICAL SL 89 TGT 95/96/98
BUY RANBAXY SL 448.5 TGT 454/457/460
BUY EDUCOMP SL 688 TGT 700/706/714
BUY RPOWER SL 157 TGT 164/165/166
BUY SRF SL 223.2 TGT 228/230/234
BUY JSW HOLDINGS SL 1940 TGT 1990/2010/2030