INTRADAY TIPS FOR 22 JUNE 2010

GOOD MORNING!!!

THE MARKETS SURGED ON THE NEWS THAT CHINA WILL ALLOW ITS CURRENCY MORE FREEDOM TO MOVE AGAINST THE US DOLLAR AND LATER WITH THE END OF UNIT LINKNED INSURANCE PRODUCTS (ULIPS) SAGA THESE BOTH HAVE AIDED THE RALLY. METALS AND REALITY MADE A GOOD MOVE IN THE MARKETS IT HAS UNDERPERFORMED ON RUPEE SURGE AGAINST DOLLAR. MARKETS CONTINUED TO REMAIN ON THE UPTREND WITH NEWS COMING IN INFAVOUR OF MARKETS AFTER ULIPS MET DEPARTMENT SAID MANSOON RAINS REACHED SOME REGIONS OF GUJRAT SO THESE ALL NEWS KEPT MARKET ON STEADY PACE. METALS OUTPERFORMED IN THE MARKETS AS CHINA PLEDGED TO MAKE ITS CURRENCY MORE FLEXIBLE LIFTED COPPER AND OTHER BASE METALS IN SHANGHAI MARKET ON HOPES INCREASED PURCHASING POWER WILL BOOST THE DEMAND. OVERALL MARKETS WERE IN GOOD SHAPE AND VERY HEALTHY.

TODAY MARKETS LOOKS VERY VOLATILE ON FNO EXPIRY FRONT. WE MAY SEE LOT OF BIG MOVES IN THE MARKETS ONE HAS TO BE VERY CAUTIOUS NOW AT THIS STAGE IN THE MARKETS AS WE MAY SEE IRRATIC MOVES IN THE MARKETS. IF NIFTY TRADES ABOVE 5373 IN NIFTY ONLY THEN TAKE LONG POSITION AND WE MAY SEE TOUGH RESISTANCE AT 5400 LEVELS AND BREAK ABOVE THIS LEVEL ON CONVINCING NOTE WOULD TAKE NIFTY TO 5450 LEVELS AND ONE SHOULD REMEMBER THAT THOUGH MARKET IS ON A BULLISH ZONE WE MAY HAVE IRRATIC UP AND DOWN MOVES AHEAD OF EXPIRY SO ONE NEEDS TO STAY VERY CATIOUS AT HIGHER LEVELS, OVERALL MARKETS LOOK VERY BULLISH ON NEAR TERM. ON THE NEGATIVE ZONE IF NIFTY TRADES BELOW 5325 THEN TAKE SHORT POSITON FOR A TARGET OF 5200 AND THEN BREAK BELOW THIS LEVEL WOULD FURTHER BREACH NIFTY TO 5257. STAY CATIOUS AT HIGHER LEVELS

BUY LIBERTY PHOSPHAT SL 37.9 TGT 39.6/40.4/41.9 *
BUY ICICIBANK SL 895 TGT 915/922/930
BUY VIPIND SL 293 TGT 307/317/330 (MEDIUM TERM 360/ 400)*
BUY BANKRAJAS SL 173 TGT 179/183/186
BUY FCH SL 203 TGT 212/217/226*
BUY VOLTAS SL 195 TGT 199/202/205*
BUY FIEM IND TGT 186/197/226*

POSITIONAL TRADES
BUY RAMA PHOSPHATED LTD TGT 45

INTRADAY TIPS FOR 21 JUNE 2010

GOOD MORNING!!!

INDICES MANAGED TO CLOSE MARGINALLY LOWER AFTER STRAIGHT SEVEN DAY WINNING STREAK IN A ROW, MARKETS WERE FLAT WITHOUT MUCH VOLUMES AND ENDED SLIGHTLY NEGATIVE. AMONG THE SECTORAL FRONT IT SECTOR OUT PERFORMED REST ALL THE SECTORS CLOSED IN RED. OVERALL MARKET BREADTH WAS WEAK WHEN COMPARED TO THE EARLIER DAY BUT MARKET STILL REMAINS BULLISH ON THE LONG TERM PERSPECTIVE. MANSOONS AND ADVANCE TAX WOULD BE THE MAJOR TRIGGERS IN THE MARKET IN THE DAYS AHEAD.

TODAY MARKETS LOOKING GOOD AND MAY REMAIN IN A RANGE, IF NIFTY TRADES ABOVE 5300 THEN LIKELY TO MOVE UP TO 5345 AND THEN TO 5372 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5400 LEVELS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5268 THEN LIKELY TO COME DOWN TO 5242 AND THEN TO 5224 LEVELS AND ANY BREAK BELOW THIS LEVEL WOULD TAKE TO A PSYCHOLOGICAL SUPPORT ZONE OF 5200 LEVELS AND BREACH BELOW THIS LEVEL WOULD BE CONSIDERED TO BE REVERSAL IN THE TREND. LONG TERM PERSPECTIVE STILL REMAINS BULLISH AND ONE CAN STAY LONG AS LONG AS THE SPECIFIED LEVELS ARE BREACHED. IT LOOKS GOOD IN THE DAYS AHEAD.

BUY IDFC SL 167 TGT 171/174/176
BUY TCS SL 779 TGT 788/792/798 (MEDIUM TERM TGT 850)
BUY BHEL SL 2406 TGT 2436/2450/2472 (MEDIUM TERM 2600/2678)
BUY INFOSYSTCH SL2779 TGT 2815/2845/2885*
BUY UBL SL 233 TGT 244/252/263
BUY HDFC SL 2920 2936/2945/2954
BUY STAR SL 390 TGT 398/402/405

POSITIONAL TRADES
BUY INTERNATIONAL TRAVEL HOUSE CMP 199 TGT 225/258
BUY ICSA @ 137.60 TGT 165/200/250
BUY MUKAND ENGG @ 51.75 TGT 58/67

INTRADAY TIPS FOR 18 JUNE 2010

GOOD MORNING!!!

DESPITE OF STRONG GLOBAL CUES INDIAN MARKETS TRADED SIDEWAYS DURING THE START OF THE MARKETS BUT CONTINUED THE RALLY FOR THE SEVENTH DAY IN A ROW TO SETTLE AT ONE AND HALF MONTH HIGHS AFTER SPANISH BOND AUCTION EASED WORRIES ABOUT THE EURO-ZONE CRISIS. EXPECTATIONS ON STRONG EARNINGS HAVE BOOSTED THE SENTIMENT AS FIRMS HAVE PAID HIGHER ADVANCED TAX IN Q1 JUNE 2010. THE BREADTH OF THE MARKET WAS POSITIVE, MARKETS HAVE MOVED UP ON THE STRONG BUYING FROM FII’S IN THE RECENT PAST I.E., FROM 10 JUN TO 16 JUN 10 THEY HAVE MADE PURCHASES OF AROUND 2787.45 CRORES AND THE NET INFLOW TOTALLED TO 1698.75 CRORES, WHEN COMPARED TO MAY 2010 THERE WAS A VERY HIGH OUTFLOW WHICH HAS FIGURED TO BE 12071.13 CRORES. ALL IN ALL THE MARKETS HAVE REGAINED THE STRENGTH.

TODAY MARKETS WOULD OPEN FLAT AND TRADE IN NARROW RANGE BOUND. ONE HAS TO BE VERY CAUTIOUS ON THE MARKETS TO TAKE POSITIONS, MAKE A NOTE OF THE FOLLOWING LEVELS TO ENTER INTO THE MARKETS FOR WISE TRADING. IF NIFTY TRADES ABOVE 5300 MARKETS WOULD MOVE UP TO 5344 AND ABOVE THAT POINT WOULD TAKE NIFTY TO 5400 ANY CLOSE ABOVE 5300 IS CONSIDERED TO BE VERY BULLISH AND ONE NEEDN’T TO WORRY ABOUT MINOR UPS AND DOWNS IN THE MARKETS AS NIFTY LIKELY TO MAKE FRESH HIGHS OF THE YEAR. ON THE DOWN SIDE IF NIFTY TRADES BELOW 5268 THEN ONE CAN SEE NIFTY TO MOVE DOWN TO 5250 AND THEN TO 5224 ANY BREAK BELOW 5224 WOULD DRAG NIFTY TO 5200. ONE HAS TO REMEMBER THAT OVERALL STRENGTH OF THE MARKET REMAINS STRONG SO ONE HAS TO ONLY THINK OF GOING LONG AND CAPITALIZE EVERY DOWNFALL TO ACCUMULATE AND TRADERS CAN FOLLOW THE ABOVE LEVELS FOR TRADING.

NOTE: TODAY RIL AGM, KEEP AN EYE ON BOTH AMBANI BROTHERS STOCKS

BUY ICICIBANK SL 879 TGT 897/916/927
BUY RELCAP SL 757 TGT 773/781/798
BUY LT SL 1770 TGT 1797/1827/1848
BUY TTKPRESTIG SL 919 TGT 949/965/984 (POSITIONAL TGT 1150/1500)

POSITIONAL TRADES
BUY ADORWELD TGT 250
BUY HDFC TGT 3400

INTRADAY TIPS FOR 17 JUNE 2010

GOOD MORNING!!!

TRACKING THE STRONG GLOBAL CUES, INDIAN MARKETS HAVE EDGED HIGHER IN THE OPENING AND COULDN’T CONTINUE THE MOMENTUM AND AT EVERY RISE WE HAVE WITNESSED SOME PROFIT BOOKING IN THE MARKETS AND IN THE MID AFTERNOON MARKETS SLID AND TURNED NEGATIVE BUT SOON AFTER EUROPE EDGED HIGHER MARKETS HAVE REGAINED THE MOMENTUM AND TURNED POSITIVE AND WAS COMPLETELY ON THE NARROW RANGE BOUND AND FINALLY MANAGED TO CLOSE ABOVE THE PREVIOUS CLOSE BY 11 POINTS. TODAY IT SECTOR ALONG WITH AUTO AND CONSUMER DURABLES WERE ON THE POSITIVE TRACK, METALS HAVE ALSO SUPPORTED THE MARKETS.

TODAY MARKETS MAY BE SIDEWAYS AND COULD REMAIN IN A RANGE BOUND FOR SOMETIME AND IF NIFTY TRADES IN A NARROW RANGE THEN IT IS A HEALTHY SIGN FOR THE MARKETS IN THE COMING DAYS. ON THE LEVELS WISE IF NIFTY TRADES BELOW 5200 ONCE CAN SEE NIFTY TO SLIDE DOWN TO 5164 LEVELS AND BREAK BELOW THIS LEVELS WOULD TAKE NIFTY TO 5124 AND ANY BREAK BELOW THIS LEVELS WOULD BE NEGATIVE FOR THE MARKETS AND ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5250 THEN LIKELY TO SEE NIFTY TO MOVE UP TO 5300 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO ANOTHER NEW HIGHS OF THE YEAR.

NO RECOS FOR THE DAY

INTRADAY TIPS FOR 16 JUNE 2010

GOOD MORNING!!!

LAST DAY WE HAVE WITNESSED A GOOD DAY IN THE MARKETS WITH MARKETS SURGING TO THE NEW HIGHS OF THE LAST ONE MONTH, AMBANI BROTHERS WERE THE KEY TRIGGERS FOR THE MARKETS AS ALMOST ALL THE COUNTER PARTS OF AMBANI FRATERNITY HAVE SURGED TO THE BEST POSSIBLE LEVELS. INITIALLY MARKETS HAVE TRADED IN A NARROW RANGE BUT LATER IN THE SECOND HALF OF THE TRADE MARKETS MANAGED TO CHARGE WITH BULLS COMPLETELY TAKING OVER, THERE WAS A GOOD BUYING SEEN IN THE MARKETS. ALL IN ALL MARKETS HAVE ENTERED A PHASE WHERE ONE CAN TAKE INVESTMENT CALLS AT THIS STAGE.

TODAY MARKETS WOULD OPEN ON A POSITIVE NOTE AND WOULD CONTINUE TO REMAIN POSITIVE UNLESS IT BREACHES 5219. IF NIFTY TRADES ABOVE 5240 THEN LIKELY TO MOVE UP TO 5286 AND THEN LIKELY TO MOVE UP TO 5300 THIS WOULD ACT AS A PSYCHOLOGICAL RESISTANCE ZONE BUT IF NIFTY MANAGES TO TRADE ABOVE THIS LEVEL THEN MAY TAKE NIFTY TO NEW HIGHS OF THE YEAR. AND ON THE NEGATIVE SIDE IF NIFTY TRADE BELOW 5219 THEN LIKELY TO TRADE LOWER AND COME DOWN TO 5173 AND BREAK BELOW THIS LEVEL WOULD COME DOWN TO 5150 AND THEN TO 5124 LEVELS.

NO RECO FOR THE DAY

INTRADAY TIPS FOR 15 JUNE 2010

GOOD MORNING!!!

INDIAN MARKETS CONTINUED THEIR WINNING STREAK FOR THE FOURTH DAY ON STRONG GLOBAL MARKETS. THERE WAS SUSTAINED BUYING IN THE BLUE CHIP COUNTERS FROM INVESTORS THERE WAS CONTINUOUS BUYING SEEN AT EVERY PHASE IN THE MARKETS. RELIANCE STOCKS OUT PERFORMED. BEARS WERE COMPLETELY THROWN AWAY IN THE MARKETS, BULLS HAVE COMPLETELY CAPTIVATED THE MARKETS. TODAY SECTORS LIKE TECHNOLOGY, OIL AND GAS HOGGED THE LIMELIGHT. INITIALLY MARKETS MADE GAP-UP OPENING ON POSITIVE GLOBAL CUES AND TRADED IN A NARROW RANGE AND THEN TOOK OFF AFTER A SMALL RETRACEMENT AND HAS HIT HIGHER HIGHS IN THE MARKET. BEARS HAVE MANAGED TO DAMAGE IN THE LATE AFTERNOON ON THE SHOCK OF INFLATION BUT MARKETS HAVE ABSORBED THE NEGATIVITY OF INFLATION AS BULLS MADE A ROARING COME BANK MANAGING TO CLOSE AT ONE MONTH PEAKS.

TODAY MARKETS LOOKS FLAT AND RANGE BOUND. WE CAN SEE MARKETS TO COMPLETELY PLAY IN A NARROW RANGE BAND WITH VERY STOCK SPECIFIC MOVES AND ONE HAS TO REMEMBER THAT STAYING SHORTS WILL NOT DO GOOD AT THIS STAGE AS MARKETS LOOKING VERY GOOD ON THE POSITIONAL FRONT SO EVERY DECLINE IS A BUYING OPPORTUNITY ONE CAN MAKE USE OF THIS THAN GOING SHORT AT THIS STAGE, WE EXPECT MARKET TO SURPASS PREVIOUS HIGHS. IF NFITY NIFTY TRADES ABOVE 5218 THEN LIKELY TO MOVE UP TO 5268 AND ANY BREAK ABOVE THIS POINT WOULD TAKE IT TO 5300 AND WE MAY LIKELY SEE NIFTY TO TOUCH 5500 IN A VERY SHORT TIME AS WE FORESEE RELIANCE PEACE PACT WOULD FAVOUR MARKETS AND MANSOONS WOULD DO LOT BETTER THAN EXPECTED. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5167 TAKE SHORT POSITIONS ON INTRADAY FOR A TARGET OF 5132.

BUY RPOWER SL 164.9 TGT 171/175/178
BUY RELCAPITAL SL 711 TGT 735/749/759
BUY ENIL SL 244 TGT 259/273/282
BUY RELINFRA SL 1146 TGT 1176/1193/1205
BUY RIIL SL 889 TGT 945/980/1032
BUY EVERONN SL 425 TGT 450/465/474

POSITIONAL TRADES
BUY INSECTICID TGT 221/280

INTRADAY TIPS FOR 14 JUNE 2010

GOOD MORNING!!!

FRIDAY MARKETS HAVE ADDED TO THEIR GAINS. INITIALLY MARKETS HAVE TRADED POSITIVE AND STARTED TO COME UP WITH SOME PROFIT BOOKING LATER WITH THE GOOD IIP NUMBERS MARKETS HAVE INCHED HIGHER WITH BETTER-THAN-EXPECTED IIP NUMBERS FOR APRIL. MARKETS GAVE A STEADY RISE IN THE AFTERNOON SOON AFTER THE DECLARATION OF IIP NUMBERS FOR THE MONTH AS IT STOOD BEYOND THE EXPECTATION OF MARKETS, MARKETS EXPECTED TO INCREASE IT TO 14% FOR THE MONTH BUT THE MARKETS OUT-PERFORMED MORE THAN EXPECTATION AS IT STOOD AT 17.6% COMPARED TO 13.5% FOR MARCH (MOM).

TODAY MARKETS WOULD REMAIN RANGE BOUND WITH POSITIVE BIAS. IF NIFTY TRADES ABOVE 5135 THEN LIKELY TO MAKE A MOVE UPTO 5162 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE IT TO 5218 LEVELS THOUGH 5200 IS A PSYCHOLOGICAL RESISTANCE ZONE. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5098 THEN LIKELY TO DECLINE TO 5075 AND THEN TO 5053 AND ANY BREAK BELOW 5053 CONVINCINGLY WOULD TAKE IT DOWN FURTHER TO 5024 TO 5000 LEVELS. THERE MAY BE BARGAIN HAUNT ON THE STOCKS WHICH ARE BATTERED IN THE LAST FEW TRADING SESSIONS. MARKETS OVER A LONG TERM PERSPECTIVE LOOKING VERY GOOD ONE CAN START INVESTING IN SMALL QUANTITIES IF NIFTY TRADES AND CLOSES ABOVE 5150 LEVELS.

BUY HDIL SL 233 TGT 240/246/250
BUY NATIONAL STEEL & AGRO INDS SL 27.4 TGT 28.40/29.30/29.75
BUY FORTIS SL 149 TGT 155/159/162
BUY ARSSINFRA SL 1244 TGT 1270/1293/1307
BUY IRB SL 277 TGT 283/288/292
BUY SIEMENS SL 717 TGT 727/735/742
POSITIONAL TRADES
BUY VINYL CHEMICALS TGT 35/45**
BUY ARIES AGRO TGT 155/188*
BUY JYOTHY LAB TGT 300/350*
BUY ESCORTS TGT 230