INTRADAY TIPS FOR 02 JUNE 2010

GOOD MORNING!!!

INDICES ARE TOTTERED UNDER THE INTENSE SELLING PRESSURE INITIALLY TRACKING ASIAN MARKETS AND THEN EUROPEAN MARKETS ADDED FUEL TO THE FIRE IN THE SECOND HALF OF THE TRADING SESSION. INITIALLY THE DOWNFALL IN THE MARKET STARTED BY A MAJOR TRIGGER BY A FREAK TRADE IN RIL INSTEAD OF SELLING ICICI BANK AT RS 840.55 PER SHARE. EXCEPT FOR THE HEALTHCARE SECTOR ALL OTHER SECTORS WHERE IN RED, OVERALL HEALTH OF THE MARKET HAS BECOME NEGATIVE.

TODAY MARKETS ARE TO REMAIN FLAT AND RANGE BOUND, IF NIFTY TRADES BELOW 4930 THEN ONE CAN SEE NIFTY TO SLIDE DOWN TO 4900 AND THEN BREAK BELOW THIS LEVEL CAN TAKE IT TO 4865 LEVELS AND ANY CLOSE BELOW 4900 WILL BE HIT HARD BY BEARS IN THE MARKET. ON THE OTHER HAND IF NIFTY TRADES ABOVE 4980 THEN IT MAY GO UP TO 5000 AND THEN TO 5023 LEVELS AND ABOVE THAT MAY TAKE NIFTY 5050 BUT BE CAUTIOUS IN LONGS AS WE ARE NOW TRADING IN A WEAKER ZONE. ONE THING WHERE ONE EVERYONE NEEDS TO CONSIDER IS THE MAJOR TRIGGER IN THE MARKETS WOULD BE MANSOONS AND DISINVESTMENT SO ANY POSITIVE TRIGGER IN MANSOONS WOULD TAKE NIFTY TO A VERY BULLISH ZONE AND DISINVESTMENT WILL ALSO CONTRIBUTE TO IT AND MAY TAKE NIFTY TO FURTHER NEW HIGHS SO EVEN ON THE SHORTER SIDE STAY WITH CAUTION AS THERE IS EVERY CHANCE THAT MARKET CAN MOVE TO THE NEW HIGHS OF THE YEAR. STAY FOCUSED ON THE ISSUES STATED AND STAY SHORT FOR NOW AND FOLLOW THE LEVELS SPECIFIED ABOVE.

NO RECOS FOR THE DAY

INTRADAY TIPS FOR 01 JUNE 2010

GOOD MORNING!!!

WE HAVE WITNESSED QUITE A RANGE BOUND SESSION WHERE INDICES CLOSED ON POSITIVE NOTE LED BY SOME GOOD BUYING IN HEAVYWEIGHT COUNTERS. IT WAS ALL IN ALL DIRECTIONLESS MARKET FOR THE ENTIRE DAY AS GLOBAL AND LOCAL TRIGGERS WERE MISSING ON ACCOUNT OF CLOSING OF US MARKETS ON ACCOUNT OF MEMORIAL DAY. THOUGH FOURTH QUARTER GDP NUMBER WHICH REMIANED IN LINE WITH THE EXPECTATION AT 8.6% FAILED TO IMPACT THE BOURSES. THE FOURTH QUARTER GROSS DOMESTIC PRODUCT (GDP) NUMBER, WHICH REMAINED MORE OR LESS ON EXPECTED LINES AT 8.6%, FAILED TO FUEL ANY SIGNIFICANT UP-MOVE ON THE BOURSES BUT THERE WAS SOME PARTICIPATION AT THE END. POSITIVE DEVELOPMENTS ON THE SOUTH-WEST MONSOON ALSO LIFTED INVESTOR SENTIMENT IN TRADE. THE SOUTH-WEST MONSOON HAS FURTHER ADVANCED INTO MOST PARTS OF SOUTH ARABIAN SEA, ENTIRE KERALA, SOUTH TAMILNADU AND SOME MORE PARTS OF SOUTHWEST BAY OF BENGAL.

TODAY WE MAY WITNESS ANOTHER RANGE BOUND SESSION, ONE HAS TO BE VERY CAREFUL AT THE CURRENT LEVELS AS THE TREND REMAINS UNCLEAR AND MARKETS MAY MAXIMUM MOVE-UP TO 5165 LEVELS AND MAY SEE A DECLINE IF RESISTED AT THAT PLACE AND MAY COME DOWN TO NEW LOWS. IF NIFTY TRADES ABOVE 5070 THEN WE MAY LIKELY TO SEE NIFTY TO 5100 AND ABOVE THIS POINT WOULD TAKE NIFTY TO AROUND 5165 LEVELS AND ANY CLOSE ABOVE 5165 IS CONSIDERED TO BE SHORT TERM TREND REVERSAL WE MAY EVEN INITIATE FRESH LONGS AT THAT STAGE IF IT CLOSES CONVINCINGLY. ON THE OTHER SIDE IF NFITY TRADES BELOW 5045 THEN LIKELY TO DIP DOWN TO 5018 AND ANY BREAK BELOW MAY HAVE A MINOR SUPPORT AT 5000 AND BREACH BELOW THIS LEVEL WITH GOOD VOLUMES THEN CAN SEE NIFTY TO SLIDE DOWN TO 4950 LEVELS CLOSE BELOW 4970 WOULD MAKE BEARS TO CAPTIVATE THE MARKET SLOWLY.

POSITIVE COUNTERS: CROMPTON GREAVES, STC INDIA, GSPL, BOMBAY DEYING, ESSAR OIL, NMDC, IBREAL, IFCI, HIND COPPER, DREDGING CORP, KFA,

BUY RECLTD SL 286.4 TGT 295/299/304.5
BUY UNIPHOS SL 180 TGT 185/193/197
BUY ONGC SL 1164 TGT 1175/1192/1204 (SHORT TERM TGT 1275)
POSITIONAL TRADES
BUY JM FINANCIALS SL 30 TGT 50%/100%
BUY KFA TGT 50%/100%/200%

INTRADAY TIPS FOR 31 MAY 2010

GOOD MORNING!!!

MARKETS GYRATED IN A TIGHT BAND DURING THE LAST TRADING SESSION AS INVESTORS WERE AVOIDING TAKING BIG POSITIONS IN SHARES FOLLOWING RALLY IN PAST TWO SESSIONS AND HAVING SEEN THE MARKETS BEHAVING VERY ERRATIC . THOUGH THE OVERALL SENTIMENT REMAINED ON A POSITIVE SIDE; THE MARKETS WERE MISSING THE ZING OF LAST TWO TRADING SESSIONS. STOCKS FROM METAL, REALTY AND CONSUMER DURABLES SPACE REMAINED FAVOURITE AMONG INVESTORS. AS PER THE DATA RELEASED BY GOVERNMENT ON THE LAST TRADING DAY FOOD INFLATION STOOD AT 16.23% DURING THE WEEK UNDER REVIEW, MARGINALLY LOWER AS COMPARED WITH 16.43% IN THE PREVIOUS WEEK. THE INDEX FOR FOOD ARTICLES DECLINED MARGINALLY BY 0.1% TO 293.6 FROM 293.9 FOR THE PREVIOUS WEEK, DESPITE GOVERNMENT TAKING A NUMBER OF MEASURES TO BRING DOWN THE FOOD PRICES BUT STILL REMAINS AT HIGHEST LEVELS.

TODAY MARKETS LIKELY TO TRADE IN THE RANGE SPECIFIED BELOW IF NIFTY TRADES ABOVE 5050 THEN LIKELY TO MOVE UP TO 5080 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5100 LEVELS AND IT IS VERY DIFFICULT FOR NIFTY TO CROSS 5165 LEVELS AND TRADE AND WE EXPECT NIFTY TO COME DOWN AND BREAK THE PREVIOUS LOWS OF THE MONTH THIS IS THE RETRACEMENT PHASE AND EXPECTED TO REACH TO THE MAXIMUM OF 5165 LEVELS, ONE CAN GO SHORT AROUND 5100+ LEVELS WITH A STRICT STOPLOSS OF 5165 LEVELS ON CLOSING BASIS FOR A VERY GOOD REWARD. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5025 THEN LIKELY TO COME DOWN TO 5000 LEVELS AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY TO 4950 LEVEL AND ANY CLOSING BELOW 4950 IS CONSIDERED TO BE VERY WEAK AND WEAKNESS TO PERSIST IN THE DAYS AHEAD. NIFTY TRADING IN HUGE DISCOUNT WHICH IS ALSO A MATTER OF CONCERN WHICH IS NOW TRADING AT A DISCOUNT OF 30 POINTS, ONE IS CAUTIONED TO TRADE VERY CAREFULLY.

BUY IFCI SL 51.5 TGT 52.5/53.25/54.45
BUY RCOM SL 144.5 TGT 148/152/155
BUY VISA STEEL SL 33.45 TGT 35.5/36.5/37.5

BUY BAJAJ HIND SL 104 TGT 110/112/114
BUY NATIONAL FERT SL 99.60 TGT 102/104/106

INTRADAY TIPS FOR 28 MAY 2010

GOOD MORNING!!!

MARKETS COMPLETELY OUT PERFORMED AFTER CHINA SIGNALLED SUPPORT FOR THE EURO ZONE. INITIALLY MARKETS MIRRORING A RECOVERY IN ASIAN STOCKS AND STRUGGLED TO SURPASS 5000 MARK BUT NO SOONER THE MARKET GOT THE NEWS OF CHINA’S SUPPORT FOR EURO ZONE MARKETS BLASTED AND TRADERS ROLLED OVER POSITIONS IN DERIVATIVE SEGMENT FROM MAY TO JUNE CONTRACT AHEAD OF EXPIRY. THE OVERALL MARKET BREADTH REMAINED STRONG, AS THE DAY PROGRESSED THE MARKET HAS BECOME STRONGER. BANKING, METAL, AUTO, CAPITAL GOODS AND IT PIVOTALS SHARES ADVANCED GAINED ON FRESH BUYING. ALL IN ALL IT WAS A HEALTHY ENDING OF MAY CONTRACTS.

TODAY MARKETS LOOK POSITIVE ON GLOBAL CUES AS EUROPEAN AND AMERICAN STOCKS ENDED ABOVE 3% AND WITH ASIAN STOCKS SURGING, WE MAY INITIALLY WITNESS MARKETS TO MOVE UP BUT ONE NEEDS TO BE ON A VERY CAUTIOUS AS THE SURGE IS PURELY ON THE ANNOUNCEMENT OF CHINA SIGNALLING SUPPORT FOR EURO ZONE AND IT IS WISE TO TAKE LESS LONG POSITIONS AS WE SEE MARKETS STILL AT A VERY CRUCIAL JUNCTURE AND DIDN’T SIGNAL BUYING. IF NIFTY TRADES ABOVE 5000 THEN LIKELY TO GO TO 5050 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY 5070 WE MAY SEE NIFTY TO WEAKEN WHEN IT TRADES ABOVE 5050 LEVELS, ONE NEEDS TO BE VERY CAUTIOUS ON A SHORT TERM VIEW THOUGH LONG TERM VIEW ON NIFTY STILL HOLDS STRENGTH. IF NIFTY TRADES BELOW 4990 THEN ONE CAN SEE NIFTY TO SLIDE DOWN TO 4940 LEVELS AND BREAK BELOW THIS WOULD THEN TAKE TO 4940. FOR TODAY MARKETS LIKELY TO BOUNCE AND TRAIL WITH STRICT STOPLOSS.

BUY TATASTEEL SL 486 TGT 498/504/509
BUY JSWSTEEL SL 1074 TGT 1090/1098/1111
BUY TATAMOTORS SL 738 TGT 757/769/779
BUY ESCORTS SL 176 TGT 182/185/187
BUY HINDOIL EXPLORATION SL 179 TGT 190/193/197

INTRADAY TIPS FOR 27 MAY 2010

GOOD MORNING!!!

MARKETS HAVE BOUNCED BACK ON A STRONG NOTE UNDERPINNED BY GLOBAL CUES REVERSING MOST OF THE LOSSES FROM THEIR PREVIOUS SESSION AND MANAGED TO CROSS ABOVE 4900, IT WAS A FLAT START INITIALLY BUT TOOK MOMENTUM AFTER THAT AND EDGED HIGHER SOON AFTER EUROPEAN STOCKS OPENING HIGH AND TRACKING US INDEX FUTURES STRENGTH. PARTICIPATION FROM ACROSS THE BOARD IGNITED NIFTY TO SURPASS THE CRUCIAL 4900 MARK. IT, REALITY, AUTO AND METALS LEAD THE RALLY, THERE WAS LOT OF VOLATALITY DURING THE TRADE AS TRADERS ROLLED OVER THEIR POSITIONS FROM CURRENT MONTH F&O TO THE NEXT SERIES. THERE WAS CONSTANT UPMOVE IN THE MARKET ON ADVANCE/DECLINE RATIO SHOWING THE POSITIVE STRENGTH IN THE MARKETS. THOUGH THE VALUATIONS LOOKS ATTRACTIVE INVESTORS LITTLE APPREHENSIVE IN TAKING DELIVERY AS THERE IS STILL SCOPE OF WORRY.

TODAY NIFTY MAY OPEN FLAT AND WOULD SEE LOT OF VOLATALITY DURING THE ENTIRE DAY. IF NIFTY TRADES ABOVE 4930 THEN ONE IS ADVISED TO GO LONG AND IF NIFTY TRADES ABOVE 4930 THEN LIKELY TO MOVE UPTO 4950 AND THEN TO 4975 AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 4905 THEN LIKELY TO DIP DOWN TO 4875 AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY TO 4855 LEVELS AND ANY TRADE BELOW 4850 CAN LEAD NIFTY TO 4816 LEVELS. TODAY WE MAY SEE LOT OF VOLATALITY IN THE MARKETS AS THERE IS EXPIRY OF CURRENT MONTH CONTRACTS. ONE IS ADVISED TO STAY AWAY FROM LONG POSITIONS FOR FRIDAY AS MARKET HAS LITTLE PARTICIPATION FROM FII’S AND DII’S WHEN MARKET IS MOVING UP AND HEAVY PARTICIPATION WHEN MARKET IS COMING DOWN WHICH CLEARLY INDICATES THE TREND STILL REMAINS DOWNSIDE WAIT FOR GOOD REVERSAL THEN ONE CAN GO LONG, TILL THEN IT IS WISE TO STAY ON CASH.

BUY CAIRN SL 280 TGT 286/289/292
BUY MCDOWEL SL 1143 TGT 1180/1196/1219
BUY IBREAL SL 150 TGT 153/156/158
BUY HDFC SL 2670 TGT 2710/2724/2748
BUY SESAGOA SL 320 TGT 330/334/338

NOTE: STAY CAUTIOUS AS MARKET WOULD BE VERY VOLTILE AND TRADE WITH LESS QTY

INTRADAY TIPS FOR 26 MAY 2010

GOOD MORNING!!!

BULLS HAVE GONE ABSOLUTELY MAD ON BEARS STRENGTH IN THE MARKET WITH GLOBAL TURMOIL ALMOST ALL THE EQUITIES HAVE BLEEDED TO THE CORE. MAXIMUM SECURITIES WERE DEEPLY WOUNDED ON THE STREET. WE HAVE WITNESSED HUGE SELL-OFF IN METALS, CONSUMER DURABLES, CAPITAL GOODS, OIL & GAS. NO SEGMENT OF THE MARKET MANAGED TO SHOW SIGNIFICANT STRENGTH DURING ENTIRE DAY. THOUGH THE MARKET STARTED OF NEGATIVE IT EVEN BECOME WORSE AS THE DAY PROGRESSED AND ENDED THE STOCKS MUCH LOWER AND DRAGGED THE NIFTY BELOW CRUCIAL 4800 MARK FOR THE FIRST TIME SINCE FEBRUARY, SHORT COVERING AT THE END HELPED THE BENCHMARK INDICES TO CLOSE ABOVE 4800 MARK. BREADTH OF THE MARKET REMAINED VERY WEAK THOUGHOUT THE SESSION. MARKETS HAVE WITNESSED SECOND HIGHEST TURNOVER IN THE HISTORY OF TRADE YESTERDAY.

TODAY MARKETS WOULD OPEN FLAT AND VERY VOLATILE. IF NIFTY TRADES BELOW 4800 THEN WOULD TAKE NIFTY DOWN TO 4775 AND THEN TO 4750 AND BREAK BELOW 4750 WOULD TAKE IT TO 4700 AND ONE CAN INITIATE LONGS PARTIALLY AROUND 4700 LEVELS. IF NIFTY TRADES ABOVE 4830 IT WOULD TAKE NIFTY TO 4856 AND THEN TO 4875 ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 4910 LEVELS. AS WE ARE AHEAD OF EXIPRY WE MAY WITNESS HUGE VOLATALITY SO MARKET WOULD BE VERY RANGE BOUND.

GSPL, AXIS IT&T, SESAGOA, DLF THESE ARE THE SCRIPS ONE CAN INITIATE BUY ON DECLINES

BUY IGL SL 225 TGT 232/236/242
BUY GODREJCP SL 326.9 TGT 337/344/355
BUY OIL INDIA SL 1225 TGT 1239/1250/1264

INTRADAY TIPS FOR 25 MAY 2010

GOOD MORNING!!!

AFTER GETTING OFF TO A FLYING START THIS MORNING MARKETS FAILED TO HOLD THE POSITIVE STREAK AND GAVE AWAY ALL THE GAINS BY THE END OF THE TRADING SESSION. MARKETS OPENED UP AROUND 70 POINTS AND THEN MANAGED TO GO UP BY AROUND 100 POINTS AND BY THE END OF THE TRADING SESSION IT HAS TRADED IN NEGATIVE, THE RALLY WAS INITIALLY TRIGGERED BY THE BIGGEST CORPORATE ANNOUNCEMENTS OF THE COUNTRY IN WHICH TWO LEADING BUSINESS TYCOONS OF THE COUNTRY AMBANI BROTHERS AGREED TO CANCEL ALL EXISTING NON-COMPETE ARRANGEMENTS EXECUTED IN JANUARY 2006. OIL & GAS, POWER AND CAPITAL GOODS SHARES HOGGED THE LIMELIGHT DURING THE SESSION WHILE REALTY, METAL AND AUTO STOCKS COULD NOT SUSTAIN THEIR EARLY GAINS AND THEY FINISHED LOWER. THE SMALL-CAP STOCKS OUTPERFORMED THEIR LARGE-CAP STOCKS IN TRADE.

TODAY MARKETS WOULD OPEN NEGATIVE AND IF NIFTY TRADES BELOW 4900 THEN LIKELY TO COME DOWN TO 4874 AND THEN TO 4850 AND ANY TRADES BELOW 4850 WILL DRAG NIFTY DOWN TO 4800 AND THEN TO 4675 LEVELS IN A SHORT SPAN OF TIME. ON THE POSITIVE SIDE ONLY IF NIFTY TRADES ABOVE 4950 ONE CAN THINK OF INITIATING LONGS UNTIL THAN IT IS ADVISED TO STAY CAUTIOUS IN THIS MARKET.

SELL SESAGOA SL 344 TGT 332/329/326
SELL ICICI BANK SL 834 TGT 818/812/807
SELL SBI SL 2234 TGT 2206/2195/2186