INTRADAY TIPS FOR 24 MAY 2010

GOOD MORNING!!!

OUR MARKETS MANAGED TO DIGEST THE GLOBAL HEAT ON SELLING WHICH LED THE RECOVERY BY CHINEESE MARKETS, THOUGH US MARKETS WITNESSED IMMENSE SELLING PRESSURE AFTER ECONOMIC DATA SHOWED UNEXPECTED RISE IN PEOPLE APPLYING FOR UNEMPLOYMENT BENEFITS LAST WEAK. EUROPEAN DEBT ISSUE ALSO CONTINUED TO HAUNT INVESTORS ALL OVER THE WORLD WHICH RESULTED IN HUGE COLLAPSE IN ALL THE WORLD INDICES, GERMANYS DECISION TO CURB NAKED SHORT SELLING IN FEW SECURITIES ADDED FUEL TO THE FIRE, THIS HAS DAMPENED THE SENTIMENTS FURTHER LEADING TO PRESSUE. DURING THE LAST SESSION MARKETS OPENED GAP DOWN AND HAVE TOUCHED THE THREE MONTH LOWS AND THEN BARGAIN HUNTING IN MAJOR STOCKS HELPED THE MARKETS TO REGAIN THE STRENGTH, MARKET MOVED IN NARROW RANGE IN THE MORNING SESSIONS AND SLOWLY STARTED RECOVERING.

TODAY MARKETS WOULD OPEN GAP UP. IF NIFTY TRADES ABOVE 4942 THEN LIKELY TO GO TO 4967 AND THEN TO 4994 AND ANY BREAK AND TRADE ABOVE 5016 WOULD TAKE NIFTY TO 5062. AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4916 THEN WE MAY SEE NIFTY TO DRIFT DOWN TO 4874 AND THEN TO 4851 LEVELS AND ANY BREAK BELOW 4851 IS CONSIDERED TO BE VERY WEAK IN NIFTY AND ONE CAN SEE NIFTY TO TOUCH 4675 BEFORE EXPIRY.

BUY JSPL SL 628 TGT 642/648/654
BUY RECLTD SL 274 TGT 280/283/285
BUY JINDALSAW SL 186 TGT 189.4/192/194
BUY MARUTI SL 1224 TGT 1245/1257/1265
BUY JAINIRRIGATION SL 958 TGT 995/1004/1013
BUY MUNDRA PORT SL 664 TGT 679/683/688

INTRADAY TIPS FOR 21 MAY 2010

GOOD MORNING!!!

LAST DAY MARKETS STARTED OFF IN GREEN DESPITE WEAKNESS PERSISTING EVEN AFTER WEAKNESS IN ITS OTHER REGIONAL PEERS AND MARKETS ENDED IN THE POSITIVE TERRAIN. THE FAVOURABLE OUTCOME OF THIRD GENERATION (3G) MOBILE SPECTRUM AUCTION FOR THE GOVERNMENT AND THE CENTRE'S DECISION TO DOUBLE THE PRICE OF NATURAL GAS PRODUCED BY THE STATE-OWNED ONGC AND OIL INDIA TO $4.20 PER UNIT LIFTED INVESTOR SENTIMENT IN TRADE. BESIDES THIS, 36% INCREASE IN THE COUNTRY'S EXPORTS IN THE MONTH OF APRIL 2010 TO $16.9 BILLION OVER THE YEAR AGO LEVEL ALSO PROVIDED SOME BREATHER TO THE BULLS AFTER YESTERDAY'S BLOODBATH. PSU’S, OIL AND GAS AND HEALTHCARE WERE OUTPERFORMERS IN THE LAST DAY AND ON THE OTHER HAND, REALTY, AUTO AND CONSUMER DURABLES STOCKS OBSERVED HIGH SELLING PRESSURE FROM INVESTORS. STOCKS PLUNGED ALONG WITH COMMODITIES OVER EUROPE DEBT CRISIS, EUROPE DEBT CRISIS WHICH STARTED LAST WEEK HAS INTENSIFIED MUCH AND BATTERED ALL THE WORLD MARKETS. REPORTS ON THE STRENGTH OF THE US ECONOMIC RECOVERY AND EUROPEAN LEADERS STRUGGLED TO CONTAIN THE REGIONS DEBT CRISIS HAS WEAKEND THE SENTIMENT OF INVESTORS ALL OVER THE WORLD AND LED A MAJOR DOWNFALL OF THE YEAR IN US MARKETS. US MARKETS TUMBLED AND GOT COMPLETELY DRAINED, THIS IS THE FIRST BIGGEST DOWNFALL IN THE LAST ONE YEAR.

TODAY MARKETS WOULD OPEN GAP DOWN OF AROUND 100 POINTS. NIFTY INITIALLY MAY OPEN GAP DOWN AND DRAG NIFTY TO 4850 AND THEN TO 4800 LEVELS AND THERE IS EVERY CHANCE THAT NIFTY WOULD SLIDE DOWN TO 4760 LEVELS SO BE CAREFUL THAT NIFTY MAY HARDLY TAKE ANY RETRACEMENT AT 4800 LEVELS EVEN IF IT HOLDS IT MAY NOT BE FOR A LONG TIME ONE IS ADVISED TO STAY CAUTIOUS. MARKET MAY BE DOWN BY 150 TO 200 POINTS SO BE CAREFUL AND DON’T INITIATE LONGS AT ANY COST UNLESS AND UNTIL YOU SEE A CLEAR PICTURE OF RECOVERY. ONE IS ADVISED TO GO LONG ONLY ABOVE 4900.

ALMOST ALL STOCKS WOULD COME DOWN BY 3 TO 7% IN THE OPENING BELL SO NO INTRADAY RECOS ON SHORT SIDE.
STOCKS TO WATCH FOR BUYING WHEN MARKET SLIDES WITH STRICT STOPLOSS AS DAY LOW: ONGC, HINDPETRO, ENIL, IOC, BPCL, OIL
NOTE: WHEN YOU BUY ABOVE STOCKS MAKE SURE YOU PLACE STOPLOSS ORDER AT DAY LOW AND WHEN IT BOUNCES BACK AGAIN TAKE LONG POSITION AND KEEP THE STOPLOSS AS DAY LOW. DON’T WAIT IF IT HITS THE STOPLOSS JUST EXIT.

INTRADAY TIPS FOR 20 MAY 2010

GOOD MORNING!!!

MARKETS HAVE BLEEDED HEAVILY WITH VOLUMES ON LAST TRADING SESSION TRACKING WEAK GLOBAL CUES. GERMANYS DECISION TO BAN NAKEN SHORT SELLING IN SELECTED SCRIPS HAVE TRIGGERED APPREHENSIONS AMONG THEINVESTORS ACROSS THE GLOBLE. METALS, REALTY AND BANKING HAVE SEEN HUGE DOWNFALL. AUTO AND TELECOM ALSO GIVEN UP AND NO STOCKS WHERE EXCEPTION TO THE SOMBRE MOOD IN THE MARKETS AND ALL STOCKS WERE BUTCHERED DOWN AND MARKET HAS COMPLETELY LIKE A SEA OF BLOOD.

TODAYMARKET MAY OPEN FLAT AND LIKELY TO REMAIN VOLATILE IF NIFTY TRADES ABOVE 4950 THEN LIKLEY TO SEE NIFTY TO MOVE UP TO 4997 AND TRADE ABOVE 5000 WOULD TAKE NIFTY TO 5020 LEVELS AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 4900 THEN WE MAY SEE NIFTY TO DRIFT DOWN TO 4860 AND THEN TO 4820 LEVELS AND ANY CLOSE BELOW YESTERDAYS CLOSING IS STILL CONSIDERED TO BE NEGATIVE AND ONE IS ADVISED TO STAY SHORT AND DO NOT GO LONG TILL THE MARKET IS BELOW 4950.

BUY ROLTA SL 166.4 TGT 168/173/178
BUY HEROHONDA SL 1853 TGT 1877/1885/1892
BUY ONGC SL 1019 TGT 1044/1067/1080
BUY BPCL SL 540 TGT 548/552/558

POSITIONAL TRADES
BUY WHIRPOOL TGT 315/450*

INTRADAY TIPS FOR 19 MAY 2010

GOOD MORNING!!!

IMPROVEMENT IN THE GLOBAL SENTIMENT HAS WEIGHED THE MARKETS TO CLOSE SLIGHTLY POSITIVE, HALTING A TWO DAY LOOSING STREAK. INITIALLY AFTER MAKING A FLAT OPENING IN THE MORNING MARKETS TOOK THE STRIDE OF BEARS BUT IN THE MID TRADE THERE WAS GOOD BUYING CROPPED IN AND MANAGED TO CROSS 5100 MARK IN NIFTY BUT COULDN’T SUSTAIN THE LEVEL. AND MANAGED TO CLOSE AT 5066 LEVELS. CAPITAL GOODS, FMCG AND CONSUMER DURABLE STOCKS WERE IN HIGH DEMAND AND THERE WAS PROFIT BOOKING SEEN IN REALITY, METALS AND AUTO SECTORS.

TODAY MARKETS TO REMAIN RANGE BOUND. IF NIFTY TRADES ABOVE 5075 THEN LIKELY TO MAKE AN UP MOVE TILL 5100 AND ANY TRADE ABOVE 5100 CONVINCINGLY WOULD TAKE NIFTY TO 5140 LEVELS AND CLOSE ABOVE 5125 IS CONSIDERED TO BE BULLISH AND ONE CAN GO LONG POSITIONALLY IN NIFTY IF MANAGES TO CLOSE ABOVE 5125. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5048 THEN LIKELY TO DIP DOWN TO 5017 AND ANY TRADE BELOW 5017 WOULD DRAG DOWN NIFTY TO 4975 AND THEN TO 4950. IF NIFTY CLOSES BELOW 4950 THEN IT IS WISE TO EXIT LONGS TO THE MAXIMUM AS BEAR WILL COMPLETELY TAKE CHARGE OF MARKETS IN THE COMING DAYS.

BUY FEDERAL BANK SL 306 TGT 314/319/323
BUY KTKBANK SL 151 TGT 156/160/163
BUY IGL SL 241 TGT 254/257/260
BUY JMC PROJECTS SL 219 TGT 229/237/243
BUY OPTOCIRCUITS SL 230 TGT 237/239/242
BUY ZYLOG SL 490 TGT 500/507/512
BUY TATA COFFEE SL 416 TGT 424/429/433

POSITIONAL TRADES
BUY SUPREME INFRA LTD SL 204 TGT 250/275/290
BUY AVAYA GLOBAL CONN SL 250 TGT 350/400

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)