INTRADAY TIPS FOR 18 MAY 2010

GOOD MORNING!!!
ALL THE INDICIES HAVE BATTERED AND THERE WAS MAJOR RECOVERY PULL BACK IN AFTERNOON SESSION, RECOVERY STARTED SOON AFTER EUROPEAN EXCHANGES TRADING FLAT TO POSITIVE THIS HAS UNDERPINNED THE SENTIMENT AND TURNED MARKETS FROM DEEP RED TO MARGINAL LOSSES, DURING THE TRADING SESSION IN THE MORNING MARKETS HAVE BREACHED 200 DAY MOVING AVERAGES AND TRADED FOR A VERY SHORT SPAN OF TIME AND BOUNCED BACK ABOVE THAT LEVEL AND MANAGED TO CLOSE MUCH ABOVE THAT 200 DMA LEVELS AND PSYCHOLOGICALLY MANAGED TO CLOSE ABOVE 5000 MARK THOUGH MARKETS HAVE PULLED BACK FROM DEEP RED NONE OF THE SECTORAL INDICIES MANAGED TO CLOSE POSITIVE EXCEPT FOR HEALTHCARE AND FMCG WHO MANAGED TO CLOSE MARGINALLY POSITIVE. IN A MAJOR PUSH TO INFRASTRUCTURE DEVELOPMENT IN THE COUNTRY, THE INDIAN GOVERNMENT WILL SET UP A RS 50,000 CRORE INDIA INFRASTRUCTURE FUND (IIF). THE MOVE IS AIMED AT MOBILISING $1 TRILLION (RS 45,00,000 CRORE) FOR INFRASTRUCTURE PROJECTS OVER THE NEXT FIVE YEARS. INDIAN PENSION AND INSURANCE FUND WILL CONTRIBUTE RS 20,000 CRORE TOWARDS THE INFRA FUND WHILE FOREIGN PENSION AND INSURANCE COMPANIES WILL PUT IN RS 10,000 CRORE. THE GOVERNMENT HOPES TO MOBILISE ANOTHER RS 10,000 CRORE FROM INTERNATIONAL FUNDS WHILE BOTH THE WORLD BANK AND INDIA INFRASTRUCTURE FINANCE COMPANY (IIFC) WILL CHIP IN WITH RS 5,000 CRORE EACH.

TODAY MARKETS MAY OPEN FLAT TO POSITIVE, THE TREND AS PER YESTERDAYS LOOKS VERY POSITIVE AND WE ARE LIKELY TO MOVE FORWARD ONE CAN TAKE A LONG POSITIONS ON POSITIONAL FRONT WITH 4950 AS STOPLOSS. TODAY IF NIFTY TRADES ABOVE 5062 THEN LIKELY TO MOVE UP TO 5098 AND ANY BREAK AND TRADES ABOVE 5100 THEN LIKELY TO HEAD TOWARDS 5131 AND ANY CLOSING ABOVE 5165 IS CONSIDERED TO BE TREND REVERSAL. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5030 THEN ONE CAN ENTER SHORT WITH STOPLOSS OF 5062 FOR NIFTY TO COME DOWN TO 5000 AND THEN TO 4950 LEVELS AND ANY BREAK AND CLOSE BELOW 4950 IS CONSIDERED TO BE VERY WEAK AND EXPECT MARKETS TO SLIDE DOWN FURTHER.

BUY SESAGOA SL 384 TGT 394/397/400
BUY LT SL 1586 TGT 1630/1645/1660
BUY MCLEODRUSS SL 215 TGT 221/223/225
BUY HDFC SL 2743 TGT 2780/2800/2840
BUY EKC SL 142 TGT 147/149/152

INTRADAY TIPS FOR 17 MAY 2010

GOOD MORNING!!!

BIGGEST HURDLE IN THE LAST TRADING SESSION WAS GLOBAL PRESSURE AND DISAPPOINTING SBI RESULTS WHICH LEAD, EURO DEBT CRISIS HAS WEIGHED ON INVESTORS SENTIMENT ACROSS THE GLOBE EXCEPT OF HEALTHCARE AND FMCG ALL OTHER SECTORS LIKE OIL ANG GAS, METALS AND REALITY WERE THE BIGGEST LOOSERS OF THE INDEX. HARDEST HIT IN INDICES WERE METALS WHICH WERE DOWN BY 3.48% . BEARS HAVE COMPLETELY TAKEN THE MARKETS IN THEIR STRIDE. EVEN THE POSITIVE NEWS DIDN’T REALLY TURN SWEET FOR THE MARKETS THE HEADLINE INFLATION MEASURED BY THE WPI DECLINED MARGINALLY FROM 10.05% TO 9.59%.

TODAY MARKETS WOULD OPEN NEGATIVE AS WE HAVE WITNESSED LOT OF SELLING IN AMERICAN MARKETS AND EUROPEN INDICIES AND HAVE SEEN SELLING IN ASIAN MARKETS TOO WE MAY SEE WEAK OPENING AND MAY TAKE SUPPORT AT 5004 AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY TO 4976 AND ANY CLOSE BELOW 4950 IS CONSIDERED TO BE MAJOR TREND REVERSAL AND WOULD DRAG NIFTY DOWN TO 4675 LEVELS. SO STAY CAUTIOUS AND IF NIFTY TRADES ABOVE 4950 ONE CAN TAKE LONG POSITIONS KEEPING IN MIND 4950 AS STOPLOSS AND ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5130 THEN ONE CAN LOOK FOR SOME POSITIVENESS TO PERSIST IN THE MARKET UNTIL THEN THERE IS NO SCOPE OF POSITIVENESS IN THE MARKET EXCEPT IN THE FORM OF RETRACEMENT. SO ONE CAN TAKE INTRADAY EITHER SHORT OR LONG BUT TAKE POSITIONS BASED ON THE LEVELS SPECIFIED ABOVE.

BUY HCL TECH SL 397 TGT 409/415/435
BUY SCI SL 159 TGT 168/172/175
SELL BHUSHAN STEEL SL 1574 TGT 1550/1543/1531
SELL SAIL SL 210 TGT 204/201/197
SELL SBIN SL 2230 TGT 2200/2180/2137
SELL STERLITE SL 705 TGT 692/687/682
SELL ULTRATECH SL 941 TGT 923/910/900
NOTE: TAKE BUY CALLS WHEN MARKET OPENS NEGATIVE

POSITIONAL TRADES
BUY BERGER PAINTS TGT 86
BUY NAVNEET PUBLICATIONS TGT 62/73/85
BUY KIRLOSKAR FERROUS INDS TGT 43/48
BUY JAYASWAL NECO TGT 51/65
BUY FAIRFIELD ATLAS CMP 50 TGT 75/100/150 (BUY IN THE OPENING)

INTRADAY TIPS FOR 14 MAY 2010

GOOD MORNING!!!

INDICES MANAGED TO CLOSE THE DAY IN GREEN DESPITE OF SELLING AT THE END OF THE DAY. THE MARKETS STARTED THE SESSION ON A STEADY NOTE BUOYED BY STRONG INDICATIONS FROM EQUITY INDICES ACROSS THE GLOBE THE GAINS WERE TRIGGERED BY ANNOUNCEMENT OF AUSTERITY MEASURES BY ANOTHER EURO ZONE NATION - SPAIN. THE COUNTRY, WHICH IS CURRENTLY FACING A BUDGET DEFICIT OF 11% OF GROSS DOMESTIC PRODUCT (GDP), IS LOOKING TO SAVE AROUND $21 BILLION IN NEXT TWO YEARS THROUGH VARIOUS WAYS INCLUDING 5% SALARY CUT FOR PUBLIC SECTOR EMPLOYEES THIS YEAR AND FREEZING IT NEXT YEAR, SLASHING PENSION AND REGIONAL GOVERNMENT FUNDING, ETC WITH THIS MARKETS HAVE GIVEN UP THE GAINS. REALTY AND AUTO STOCKS HOGGED THE LIMELIGHT DURING THE ENTIRE SESSION. WHILE, PROFIT BOOKING PULLED THE METAL AND OIL & GAS STOCKS LOWER.

TODAY MARKETS WOULD OPEN GAP DOWN AND MAY REMAIN IN NEGATIVE ZONE IF NIFTY TRADES BELOW 5170 THEN LIKELY TO MAKE A NOSE DIVE TO 5130 LEVELS AND ANY BREAK BELOW THIS LEVEL WOULD TAKE NIFTY DOWN TO 5090 ANY TRADE BELOW THIS LEVEL IS CLEARLY A SELL AND ONE CAN REMAIN SHORT. ON THE POSITIVE SIDE IF NIFTY BREACHES 5194 THEN LIKLEY TO MAKE AN UP MOVE TO 5220 AND THEN TO 5250 LEVELS WHICH IS REMOTE IN TODAYS TRADING SESSION.

SELL SBIN SL 2326 TGT 2291/2275/2258
SELL PNB SL 1033 TGT 1018/1012/1005
SELL RCOM SL 147 TGT 143/141/139
SELL TATASTEEL SL 579 TGT 565/560/555
SELL MUNDRA PORT SL 747 TGT 732/713/698*
BUY PFC SL 284 TGT 290/292/294 (BUY WHEN MARKET OPENS GAP DOWN)

INTRADAY TIPS FOR 13 MAY 2010

GOOD MORNING!!!
MARKETS EXTENDED THEIR LOSSES IN THE LATE-AFTERNOON SESSION AFTER SOME MEDIA REPORTS INDICATED THAT MORGAN STANLEY WAS THE NEXT CORPORATE HOUSE ON THE US FEDERAL INVESTIGATORS' RADAR AFTER GOLDMAN SACHS IN THE MORTGAGE DERIVATIVE PRODUCTS CASE AND US INDEX FUTURES WHICH FELL. THOUGH THERE WAS LOWER THAN EXPECTED IIP DATA IT HAS PAVED WAY TO THE INCREASE IN INTEREST RATE SENSITIVE BANKING AND REALTY STOCKS ROSE AS LOWER-THAN-EXPECTED GROWTH IN INDUSTRIAL PRODUCTION EASED RATE-HIKE WORRIES. TELECOM SECTOR WAS THE WORST HIT AND MAIN CULPRIT FOR THE DECLINE IN THE INDICES. METAL MAKERS ALSO MELTED UNDER GLOBAL PRESSURE. ALL IN ALL VOLATILITY WAS IMMENSE AND MARKET BREADTH WAS WEAK AND THE SENTIMENT WITH IIP DATA HAS ALSO WEAKEND. STAY CAUTIOUS AT EVERY HIGHER LEVELS.
TODAY MARKETS WOULD OPEN POSITIVE AND MAY FACE A TOUGH RESISTANCE AT 5200 AND IF CROSSES WOULD TAKE IT TO 5240 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD LEAD TO 5300 WHICH IS CONSIDERED TO BE A VERY STRONG RESISTANCE WHICH MAY NOT BE BROKEN IN NEAR TERM AND NIFTY EXPECTED TO SLIDE FROM EVERY LEVEL INDICATED ABOVE. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5137 THEN WOULD LIKELY TO COME DOWN TO 5098 AND BREACH BELOW THIS LEVEL WOULD TAKE NIFTY TO 5062 AND FURTHER WEAKNESS INDICATES MARKET WOULD COME DOWN TO MUCH LOWER LEVELS SO IF NIFTY TRADES BELOW 5050 IT IS A CAUTION TO TRADE WISE.
BUY AVAYAGCL ABOVE 302 SL 293.90 TGT 314.7/327/346*
BUY BAJAJFINSV ABOVE 472 SL 465 TGT 481.7/492/507 *
BUY WELGUJ SL 262 TGT 268/274/278*

BUY DR REDDY ABOVE 1260.5 SL 1251 TGT 1272/1285/1307 *

BUY KOTAKBANK SL 762 TGT 775/782/790
BUY CANBK SL 421 TGT 429/434/440
SELL BHEL BELOW CLOSING PRICE SL 2381 TGT 2359/2345/2328
SELL SUZLON BELOW CLOSING PRICE SL 67.7 TGT 66/65/64

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