INTRADAY TIPS FOR 04 JUNE 2010

GOOD MORNING!!!

MARKETS REGAINED STRENGTH FROM THE WORLD MARKETS AND EDGED HIGHER TRACKING THE STRONG CUES FROM THE WORLD WIDE EQUITES. THERE WAS HUGE AND FRESH BUYING CROPPED IN AND WE HAVE WITNESSED A FRESH BUYING IN COUNTERS LIKE TELECOM AND OIL & GAS, THE OUTSTANDING GROWTH IN THE SERVICES SECTOR FOR THE MONTH OF MAY HAS LIFTED THE SENTIMENT OF THE INVESTORS IN THE TRADE. MARKETS IN THE INTIAL TRADE MADE A GAP UP OPENING AND SUSTAINED IT FOR THE ENTIRE DAY WITHOUT ANY KIND OF REVERSAL, MARKET HAS INCHED UP SLOW AND STEADILY NEGATING ALL THE NEGATIVES IN THE MARKET AND TAKING IT TO A BETTER AND COMFORTABLE ZONE.

TODAY MARKETS WOULD BE NARROWLY RANGE BOUND. IF NIFTY TRADES ABOVE 5110 ONE CAN SEE NIFTY TO MOVE UPTO 5165 LEVLES AND ONE IS ADVISED TO STAY OUT OF NIFTY IF IT CLOSES IN AND AROUND 5165, BUT IF NIFTY CLOSES ABOVE 5165 WITH CONVINCING BUYS IN THE MARKETS THEN ONE IS ADVISED TO STAY INVESTED AS WE MAY HEAD TOWARDS MUCH HIGHER ZONES SURPASSING ALL THE PREVIOUS HIGHS OF THE YEAR. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5060 LEVELS THEN MARKETS LIKELY TO NOSE DIVE TO 5017 LEVELS AND BREAK BELOW THIS LEVEL WOULD TAKE IT 4980 AND ANY CLOSE BELOW 5000 AGAIN IS NEGATIVE FOR THE MARKETS IN A SHORT RUN.

BUY TECHM SL 710 TGT 728/737/750
BUY RPOWER SL 160 TGT 165/168/173
BUY YESBANK SL 294 TGT 300/304/307
BUY UNIONBANK SL 313 TGT 319/235/332
BUY HAVELLS SL 630 TGT 650/662/676
BUY BANKBARODA SL 735 TGT 746/755/763

INTRADAY TIPS FOR 03 JUNE 2010

GOOD MORNING!!!

AT THE LAST HALF HOUR OF TRADE BULLS STRUCK WITH VENGENCE AND GAVE A VERY GOOD COME BACK AFTER A WEAK CLOSING LAST TRADING DAY. INITIALLY IN THE START OF THE DAY MARKETS EDGED LOWER TRACKING BACK SUBDUED REGIONAL PEERS AND EDGED LITTLE LOWER AND TRADEDED IN A NARROW RANGE UNTIL THE EUROPEAN MARKETS GOT OPENED AND SOON AFTER THAT MARKETS NOSE DIVED 45 POINTS AND TRADED IN A NARROW BAND AND IN THE LAST HALF AN HOUR OF TRADE MARKETS BOUNCED BACK ON HEAVY BUYING IN ALL THE FRONT END COUNTERS. THE MOST IMPORTANT FACT IN THE RALLY WAS ON THE POSITIVE COMMENTS FROM THE HONBLE PRIME MINISTER MANMOHAN SINGH ON THE ECONOMY BOOSTED INVESTORS CONFIDENCE IN THE TRADE, THE PRIME MINISTER IN HIS COMMENTS ADDRESSED THAT THE INDIAN ECONOMY WAS LIKELY TO GROW AT A MUCH FASTER PACE THAN 8.5% IN THIS FINANCIAL YEAR.

TODAY MARKETS WOULD OPEN ON A POSITIVE NOTE AND MAY CONTINUE THE RALLY BUT 5165 LEVEL IS AGAIN A CONCERN IN RESPECT TO INVESTORS, ONE HAS TO WATCH OUT FOR THE LEVELS SPECIFIED BELOW. IF NIFTY TRADES ABOVE 5020 THEN LIKLEY TO MOVE UP TO 5065 LEVELS AND ANY BREAK ABOVE THIS POINT CONVINCINGLY WITH VOLUMES WOULD SURPASS 5100 AND SUSTAINING ABOVE 5100 WOULD TAKE NIFTY TO THE LEVELS EXPECTED I.E., 5165 LEVELS WHICH IS ONE OF THE VERY CRUCIAL LEVEL AT THIS STAGE FOR FURTHER UPSIDE OR DECLINE FROM THERE ON AS WE ARE IN THE RETRACEMENT PHASE IN DECLINING TREND SO EVERY POSSIBILITY OF NIFTY TO DECLINE AFTER REACHING 5165 LEVELS TO THE MAXIMUM BUT IF IT SUSTAINS ABOVE THAT AGAIN ONE HAS TO JUST GO WITH THE TREND THAN THINKING OF ANY DECLINE. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4980 ONE IS ADVISED TO STAY SHORT FOR A TARGET OF 4950 AND BREAK BELOW WOULD TAKE IT TO 4900 LEVELS. ANYTHING BELOW 4950 IS BETTER TO STAY AWAY FROM LONGS.

BUY RCOM SL 153.4 TGT 160/163.5/168 *
BUY GSPL SL 98 TGT 101/103/105*
BUY ONGC SL 1174 TGT 1197/1214/1223*
BUY HEROHONDA SL 1980 TGT 2011/2032/2065 *
BUY ENIL SL 223 TGT 230/236/241
BUY ONMOBILE SL 287 TGT 299/309/322
***NOTE: RECOS INDICATED WITH * ARE EVEN POSITIONAL CALLS FOR A VERY SHORT TERM ONE CAN HOLD FOR A VERY GOOD APPRECIATION.
POSITIONAL TRADES
BUY FOUR SOFT TGT 50%/100%/200%

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