INTRADAY TIPS FOR 09 JULY 2010

GOOD MORNING!!!

INDICES HAVE GIVEN UP SOME OF ITS GAINS IN THE LATER PART OF THE DAY AS US INDEX FUTURES WERE TRADING IN NEGATIVE ZONES AFTER A STRONG INTRADAY RALLY. THIS RALLY WAS BOOSTED TRACKING STRONG CLOSING OF US INDEX FUTURES ON THE PREVIOUS DAY ALONG WITH IT ALL THE OTHER ASIAN INDICES HAVE ADDED FUEL TO THE INDIAN MARKETS TO SURGE TO THE NEW HIGHS ON INTRADAY TERMS. MARKETS HELD FIRM TILL AFTERNOON BUT GAVE UP AFTER THE INFLATION ROSE TO NEW HIGHS AND EUROPEAN STOCKS TRADING SLIGHTLY NEGATIVE. OVERALL HEALTH OF THE MARKET REMAINED BULLISH.

TODAY MARKETS WOULD BE IN A NARROW RANGE BAND. IF NIFTY TRADES ABOVE 5320 THEN LIKELY TO MAKE AN UPMOVE TO 5350 AND THEN TO 5400 LEVELS BUT ONE IS ADVISED TO STAY CAUTIOUS AT HIGHER LEVELS UNTIL 5400 IS BREACHED, IF 5400 IS BREACHED IN NIFTY THEN IT’S A STRONG INDICATION THAT MARKETS WOULD TRAVEL MUCH HIGHER THAN ANTICIPATED AND WOULD TOUCH IN A VERY SHORT SPAN OF TIME 5500 AND THEN TO 5700 LEVELS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5300 THEN LIKLEY TO MAKE A NOSE DIVE TO 5240 LEVELS. ON IS ADVISED TO EXIT POSITIONS BELOW 5240 AND BELOW 5200 ONE IS ADVISED TO SHORT. OIL STOCKS LOOKING VERY BULLISH ALONG WITH IT IN THE NEAR TERM.

BUY HINDPETRO SL 475 TGT 483/490/495
BUY IBREALEST SL 158 TGT 161/163/165 (MEDIUM TERM 185)*
BUY BPCL SL 695 TGT 715/729/738
BUY GODREJIND SL 175 TGT 180/183/185
BUY JETAIRWAYS SL 557 TGT 570/575/587
BUY AMTEKAUTO SL 187 TGT 191.5/195.5/198

POSTIONAL TRADES
BUY MCLEODRUSS TGT 388

INTRADAY TIPS FOR 08 JULY 2010

GOOD MORNING!!!

INDICES EXTENDED LOSSES TO HIT FRESH LOWS IN LATE INTRADAY TRADE TRACKING WEAK GLOBAL CUES. MARKET MOVED IN A NARROW RANGE UNTIL THE MID AFTERNOON BUT IN THE LAST HOUR OF TRADE SHRUGGED OFF EVERYTHING WHICH WAS RECOVERED AND HAS NOSE DIVED FURTHER. INDEX HEAVY WEIGHTS RELIANCE SLUMPED ALONG WITH BANKING, AUTO, REALITY AND METALS. MARKET BREADTH INDICATING THE STRENGTH OF THE MARKET TURNED NEGATIVE WHEN COMPARED TO EARLIER DAY. MARKET CLOSED AT A VERY CRUCIAL ZONE ABOVE 5240 WHICH SHOWS THAT THE BREADTH OF THE MARKET STILL REMAINS POSITIVE ON A POSITIONAL FRONT.

TODAY IF NIFTY TRADES ABOVE 5275 THEN LIKLEY TO GAIN MOMENTUM AND HIT 5320 LEVELS AND ANY TRADE ABOVE 5350 WOULD TAKE NIFTY TO 5400 AND ANY CLOSE ABOVE 5300 IS CONSIDERED TO BE VERY BULLISH AND WE MAY HEAD TOWARDS BREACHING THE RECENT HIGHS OF THE YEAR. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5240 THEN LIKELY TO DIP DOWN TO 5200 AND BELOW THIS LEVEL IT WOULD BREACH DOWN TO 5165 LEVELS. ANY CLOSE BELOW 5200 IS CONSIDERED TO BE WEAK ONE CAN STAY INVESTED ABOVE 5240 AND EXIT POSITIONS BELOW 5240 AND SHORT BELOW 5200 LEVELS. THOUGH WE DON’T EXPECT MARKET TO SLIDE DOWN BELOW 5240 WE FORESEE MARKETS TO MOVE BEYOND YEAR HIGHS.

BUY IFCI SL 57.45 TGT 59/60/61
BUY EVERONN SL 504 TGT 529/547/556
BUY RELCAPITAL SL 759 TGT 767/778/783 (MEDIUM TERM 1000)
BUY INDIANB SL 237 TGT 242/247/251
BUY PANTALOONR SL 463 TGT 472/479/490
BUY SOBHA SL 306 TGT 312/317/321 (MEDIUM TERM 345)
BUY VIVIMED LAB SL 179 TGT 187/191/194
BUY SREI INFRA SL 82.4 TGT 85/86.7/87.6

POSITIONAL TRADES
BUY SHOPERSTOP SL 618 TGT 850/1050
BUY IND SWIFT LAB TGT 100/150/200

INTRADAY TIPS FOR 07 JULY 2010

GOOD MORNING!!!

INDICES AS EXPECTED OPENED NEGATIVE BUT REGAINED INTO POSITIVE TERRITORY SOON AFTER TRACKING ASIAN STOCKS RECOVERY AND CONTINUED THE RALLY TO HIT INTRADAY HIGHS AND SOON AFTER TRACKING EUROPEAN MARKETS MARKETS HAVE FURTHER STRENGTHENED AND HIT THE HIGHS OF THE DAY BUT COULD NOT HOLD THE GAINS AT THE END AS INDEX HEAVYWEIGHT RELIANCE INDUSTRIES GAVE AWAY ITS GAINS. SENTIMENT OF INVESTORS ALSO BOOSTED WITH THE REVIVAL OF MANSOON RAINS IN THE PAST FEW DAYS AFTER WEAK RAINS LAST MONTH, THE DEFICIENCY OF RAINFALL HAS ALSO NARROWED DOWN. OVERALL MARKET BREADTH WAS STRONG AND ALL THE SECTORAL INDICES WERE IN GREEN. AFTER MANSOONS THE NEXT MAJOR TRIGGER IN THE MARKET WOULD BE THE RESULTS WHICH WOULD START ITS INFLOW IN THE MARKET BY THE SECOND WEEK OF THIS MONTH, IT IS EXPECTED TO BE ROBUST SINCE THE ADVANCE TAX COLLECTIONS FOR THE QUARTER POINT TO STRONG GROWTH IN THE CORPORATE SECTOR PROFITS.

TODAY MARKETS WOULD OPEN FLAT AND RANGE BOUND, BUT STRENGTH REMAINS INTACT. IF NIFTY TRADES ABOVE 5300 THEN LIKLEY TO MAKE AN UPMOVE TO 5350 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKE TO PREVIOUS HIGHS OF THE YEAR. ON THE NEGATIVE SIDE IF NIFTY 5290 THEN LIKELY TO DIP DOWN TO 5260 AND BREAK BELOW THIS LEVEL WOULD TAKE SUPPORT AT 5240 AND ANY BREAK BELOW THIS POINT WOULD BE WEAK AND CAN DRAG NIFTY TO 5204 LEVELS.

BUY HINDOILEXP ABOVE 240 SL 237 TGT 244/250/254
BUY KTKBANK SL 180 TGT 184.5/187.8/190.5
BUY POLARIS SL 191 TGT 195/197/199
BUY BOMDYEING SL 509 TGT 522/531/538
BUY ROLTA SL 173 TGT 176/179/181.8

POSITIONAL TRADES
BUY BANKINDIA TGT 400/440/490
BUY SWARAJ MAZDA TGT 450/600

INTRADAY TIPS FOR 06 JULY 2010

GOOD MORNING!!!

INDICES HIT FRESH INTRADAY HIT LOWS IN THE LATE TRADE AS EUROPEAN STOCKS TURNED SOUR. BANKING STOCKS DIDN’T REALLY MIND THE UNEXPECTED RATE HIKE AS THE EXPECTATION WAS MUCH LESSER THAN WHAT WAS ANTICIPATED IN THE MONTH END. METALS, REALITY AND PSU’S WERE THE WORST HIT IN THE TRADE. THOUGH THE MARKET WAS NEGATIVE THERE WAS SOME BUYING WITNESSED IN SELECT MID CAPS AND SMALL CAPS THE VOLUMES WERE MUCH LOWER ON ACCOUNT OF BHARAT BHANDH. MARKET TRADED IN A TIGHT RANGE AND REMAINED NEGATIVE MOST OF THE DAY. MANSOONS RAINS HAVE REVIVED AFTER WEAK RAINS LAST MONTH, RAINS HAVE ADVANCED AND HAS FORECAST TO PROGRESS FURTHER. AND SHORTFALL HAS NARROWED AND WOULD BE BETTER IN THE COMING DAYS THIS WILL ENABLE THE MARKETS TO GROW MUCH HIGHER AND BREACH ALL THE BARRIERS OF THE MARKET IN THE DAYS AHEAD.

TODAY MARKETS WOULD OPEN NEGATIVE ON GLOBAL CUES AND THERE WOULD BE STOCK SPECIFIC MOVES IN THE MARKET. IF NIFTY TRADES ABOVE 5265 THEN WILL TAKE-OFF TO 5300 AND THERE AFTER ANY TRADE ABOVE THIS POINT WOULD TAKE IT TO 5350 LEVELS AND ANY CLOSING ABOVE 5300 IS A CALL FOR FRESH BUY. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5240 THEN LIKELY TO COME DOWN TO 5220 AND BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5206 AND ANY BREAK BELOW 5200 WOULD LIKELY TO PUT PRESSURE IN THE INDICES AND DRAG IT TO 5160 LEVELS AND ANY BREAK BELOW 5200 IS WEAK FOR THE MARKETS AND IS A CALL FOR SHORTING AND BELOW 5240 IS BETTER TO STAY AWAY ON THE CLOSING BASIS. AGRO SECTOR IS A GOOD BET FOR COMING DAYS

BUY EDSERV SL 215 TGT 226/235/242
BUY JUBL FOOD SL 330 TGT 340/349/356*
BUY FIEM INDS SL 173 TGT 184/194/200*
BUY HERITAGE FOODS 189 TGT 200/211/217*
BUY KARUR VYSYA BANK SL 577 TGT 601/625/638*
BUY INOX SL 63.5 TGT 66/67.5/68.6
BUY RCF SL 89 TGT 92/93.5/95

POSITIONAL TRADES
BUY POLARIS TGT 200/215
BUY BAJAJ AUTO FINANCE TGT 585/660
BUY BOMBAY DYEING TGT 775

INTRADAY TIPS FOR 05 JULY 2010

GOOD MORNING!!!

INDICES LOST ITS HOLD IN LATE TRADE TO HIT FRESH INTRADAY LOWS AS INVESTORS HAVE RESORTED TO PROFIT TAKING ON ACCOUNT OF WEEKEND. EARLIER IN THE DAY THE BREADTH OF THE MARKET WAS STRONG AND LATER GONE WEAK, BANKING, REALITY AND METAL STOCKS FELL. NOW THE NEXT TRIGGER IN THE MARKET WOULD BE THE MANSOONS, INVESTORS WOULD CLOSELY WATCH THE PROGRESS OF THE MANSOONS. THE MAJOR CONCERN IS THE MANSOON WAS 16% BELOW THE NORMAL IN JUNE 2010. THE HAS GONE WORST IN THE CENTRAL AND NORTH-WEST REGIONS OF THE COUNTRY WITH DEFICIENCIES OF 26% AND 18% RESPECTIVELY.
TODAY NIFTY MAY OPEN NEGATIVE ON ACCOUNT OF RBI’S NEW POLICY TOWARDS HIKE IN BASE RATES, BUT WOULD RECOVER AFTER INITIAL SLIDE AS THE RATE HIKE IS MUCH BELOW THE EXPECTATIONS OF THE MARKET. WE MAY SEE LOT OF ACTIVITY TO TAKE PLACE IN THE COUNTERS LIKE RNRL AND RPOWER WITH THE ONGOING ISSUE OF DEMERGER. TODAY IF NIFTY TRADES BELOW 5240 THEN LIKELY TO DIP DOWN TO 5206 LEVELS AND BREAK BELOW 5200 WOULD TAKE NIFTY TO 5167 LEVELS AND ANY CLOSE BELOW 5200 IS CONSIDERED TO BE WEAK CLOSING FOR THE MARKETS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5275 THEN LIKELY TO MAKE AN UPMOVE TO 5300 AND THEN TO 5350 LEVELS AND ANY CLOSE ABOVE 5300 IS CONSIDERED TO BE POSITIVE AND HEALTHLY SIGN FOR THE MARKETS AHEAD.

BUY RPOWER SL 175 TGT 178/182/185 (MEDIUM TERM 200/285)
BUY ENGINERSIN SL 357 TGT 373/389/400
BUY GNFC SL 111 TGT 118/121/125
BUY PERSISTENT SYSTEM LTD SL 471 TGT 492/512/527 (MEDIUM TERM 625)
BUY MONET ISPAT SL 462 TGT 488/512/527 (MEDIUM TERM 600)
BUY KFA SL 48 TGT 52/54/56
POSITIONAL TRADES
BUY IGL 335/450

INTRADAY TIPS FOR 02 JULY 2010

GOOD MORNING!!!

THE DOMESTIC EQUITY MARKETS REMAINED SLUGGISH FOR THE ENTIRE TRADES AS THE IMPACT OF THE BIG DIP IN THE WEEKLY FOOD PRICE INFLATION WAS OFFSET BY GAP-DOWN START FOR EUROPEAN SHARES. THE REGIONAL PEERS ALSO CONTINUED TO LANGUISH IN THE RED. INDICES WERE OSCILLATING IN A NARROW RANGE. THE ENTIRE SECTORAL INDICES WERE IN RED, THE BREADTH OF THE MARKET REMAINED NEGATIVE FOR THE ENTIRE DAY AND THERE WAS NO SPACE OF RECOVERY SEEN IN THE MARKETS.

TODAY WE MAY SEE MARKETS TO REMAIN FLAT AND RANGE BOUND, IF NIFTY TRADES BELOW 5240 THEN LIKELY TO COME DOWN TO 5200 AND BELOW THIS POINT NIFTY WOULD BECOME VERY WEAK AND ON IS ADVISED TO STAY INVESTED IF NIFTY IS CLOSING ABOVE 5200 MARK AND ANY CLOSE BELOW 5200 COULD BE DANGEROUS HOLDING LOT OF POSITIONS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5275 ONE CAN TAKE LONG POSITIONS FOR A TARGET OF 5300 AND ABOVE 5320 LIKELY TO MAKE AN UPMOVE TO 5350 LEVELS AND ANY CLOSE ABOVE 5300 IS CONSIDERED TO BE STRONG IN NIFTY POINT OF VIEW AND IF NIFTY CLOSES ABOVE 5240 IS ALSO A HEALTHY SIGN.

BUY RELIANCE MEDIA SL 222 TGT 238/243/247
BANKINDIA SL 355 TGT 363/367/370 (MEDIUM TERM 395)
BUY IFCI SL 55 TGT 58.5/59.4/60.6
MCSOUTHBANK SL 169 TGT 172/174/176 (MEDIUM TERM 184)

INTRADAY TIPS FOR 01 JULY 2010

GOOD MORNING!!!

RALLY IN THE SECOND HALF OF THE SESSION HELPED THE MARKETS TO RALLY AND CLOSE MARKETS IN A COMFORTABLE AND POSSITIVE ZONE. POSITIVE EUROPEAN MARKETS ALONG WITH US INDEX FUTURES BOOSTED THE SENTIMENTS OF INVESTORS. INDICES REVERSED MOST OF THEIR LOSSES OF THE LAST TRADE, BUYING HAS BEEN INTIATED IN ALL THE SECTORS WHICH HELPED THE MARKETS TO BOUNCE BACK. INITIALLY MARKETS RESENTED AN UPMOVE IN THE OPENING BUT WAS POSITIVE ENTIRE DAY AFTER A GAP DOWN OPEN AND CLOSED BULLISH TRACKING EUROPE AND US FUTURES.

TODAY MARKETS WOULD OPEN GAP DOWN TRACKING WEAK GLOBAL CUES. WE MAY SEE A VERY STOCK SPECIFIC MOVES IN THE MARKETS, TODAY IF NIFTY TRADES BELOW 5300 THEN LIKELY TO DIP DOWN TO 5255 AND ANY TRADE BELOW 5240 WOULD AGAIN DRAG NIFTY TO 5200 LEVELS, ANY CLOSE BELOW 5240 IS CONSIDERED TO BE WEAK. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5320 THEN LIKELY TO MAKE AN UP MOVE TO 5350 AND THEN TO 5400 ANY CLOSE ABOVE 5300 IS GOOD FOR THE MARKETS. WE MAY SEE POWER STOCKS TO GAIN MOMENTUM ALONG WITH PHARMA AND FERTILIZERS.

BUY HINDPETRO SL 464 TGT 480/496/513
BUY IDFC SL 178.5 TGT 183/187/189.8I
BUY DISH TV SL 46 TGT 49/50/51
BUY IOC SL 400 TGT 408/415/419
BUY ENIL SL 249 TGT 266/278/296
BUY ADVANTA SL 515 TGT 545/564/575
NOTE: BUY ONLY ABOVE THE CLOSING PRICE AND MAINTAIN STRICT STOPLOSS