INTRADAY TIPS FOR 29 JULY 2010

GOOD MORNING!!!

LATE TRADE AS PLAYED A SPOIL SPORT IN THE MARKETS, INDICES HIT FRESH INTRADAY LOWS IN THE LATE TRADE AS EUROPEAN STOCKS TUREND SOUR. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES FELL AFTER IT RESULTS AS KEY PRODUCTION IS LIKELY TO STAGNATE AT 60 MILLION STANDARD CUBIC METRES OF GAS A DAY FOR THE NEXT 9 TO 12 MONTHS. MARKET INITIALLY FLEW UP HIGH ON HIGHER ASIAN MARKETS BUT COULDNT MANAGE TO HOLD IT AND SLID DOWN BY MORE THAN 200 POINTS IN THE SECOND HALF OF THE DAY, DURING THE ENTIRE DAY MARKET WAS HOVERING AROUND A NARROW RANGE BUT LATER GAVE UP THERE WAS A VERY HIGH VOLATALITY ON ACCOUNT OF EXPIRY.

TODAY MARKETS WOULD OPEN NEGATIVE AND WILL HAVE A VERY VOLATILE SESSION AHEAD OF EXPIRY. IF NIFTY TRADES BELOW 5375 THEN LIKELY TO COME DOWN TO 5350 LEVLES AND ANY BREAK BELOW THIS LEVEL WOULD DRAG NIFTY TO FURTHER DOWNSIDE. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5390 THEN WE MAY SEE NIFTY TO MOVE UP TO 5411 AND ANY TRADE ABOVE THIS LEVEL WOULD TAKE NIFTY TO 5450 LEVELS. ONE HAS TO STAY VERY CAUTIOUS IN THE MARKET AT THE CURRENT SITUATION AND DONT TAKE ANY FRESH POSITIONS FOR CARRY OVER WAIT TILL THE NEXT CONTRACT STARTS WITH CAUTION. WE MAY SEE VERY STOCK SPECIFIC MOVE ON THE UPSIDE.

SELL WIPRO SL 414 TGT 405/401/398
SELL HINDPETRO SL 445 TGT 433/429/425
SELL RELIANCE SL 1023 TGT 1010/1005/1000
SELL TATA MOTORS SL 860 TGT 848/840/834

INTRADAY TIPS FOR 28 JULY 2010

GOOD MORNING!!!

MARKET HAVE FACTORED TO HE RATE HIKE OF RBI WHICH WAS WITHIN THE EXPECTATIONS OF THE MARKET ANALYSTS, AND THE FIRM EUROPEAN STOCKS AND HIGHER US INDEX FUTURES HAS HELPED THE MARKET SHRUG OFF A RATE HIKE FROM THE RESERVE BANK OF INDIA. MARKET BREADTH WAS NEGATIVE AUTO STOCKS WERE ON THE LIMELIGHT WERE SEEN RALLY ACROSS THE BOARD AND BAJAJ AUTO WAS THE TOP PERFORMER HITTING RECORD HIGH. BANKING EDGED HIGHER ON RBI POLICY IT GOT REBOUNDED FROM DAYS LOW. INITIALLY MARKET WAS IN A NARROW RANGE BOUND AHEAD OF RBI POLICY REVIEW BUT LATER TOOK OFF WITH THE POLICY BEING INLINE EXPECTATIONS FROM THE MARKET. ALL IN ALL THE MARKET TURNED POSITIVE TO THE EARLIER BREADTH OF THE DAY.

TODAY MARKETS WOULD BE RANGE BOUND AND WOULD SEE LOT OF VOLATILITY IN THE MARKET WITH THE EXPIRY BEING VERY NEAR. ONE CAN SEE LOT OF VOLATILITY ON THE ROLL OVER OF POSITIONS FROM THE CURRENT MONTH TO THE NEXT MONTH CONTRACT. IF NIFTY TRADES BELOW 5411 ONLY THEN ONE CAN THINK OF GOING SHORTS AND ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5460 WE CAN SEE SOME UPWARD MOVEMENT UNTIL THEN ITS PURELY NO TRADING ZONE.

NO RECOS FOR THE DAY

INTRADAY TIPS FOR 27 JULY 2010

GOOD MORNING!!!

A CAUTIOUS MOVE BY INVESTORS AHEAD OF CENTRAL BANKS QUARTERLY POLICY REVIEW TODAY MARKETS HAVE EXTENDED LOSSES IN THE LATE TRADING SESSION HITTING FRESH INTRADAY LOWS, PROFIT BOOKING TOOK PLACE AS THE FRONT END COUNTERS ARE ABOUT TO DECLARE THE RESULTS FOR THE QUARTER, COUNTERS LIKE LT, RELIANCE AND HINDUSTAN UNILEVER ALL THESE MAJORS ARE GOING TO DECLARE THEIR RESULTS TODAY AS A PRECUATIONARY MEASURE INVESTORS WERE INCLINED TOWARDS PROFIT TAKING AND THEIR BY LEADING TO DOWNFALL IN THE MARKETS, THERE WAS PROFIT BOOKING IN THE INTEREST RATE SENSITIVE REALITY STOCKS AND BACKING STOCKS BOTH THE SECTORS GAVE UP ON CENTRAL BANKS REVIEW. MARUTI AND HEROHONDA WERE THE BIGGEST LOOSERS IN THE MARKET. THE MARKET BREADTH INDICATING THE OVERALL HEALTH OF THE MARKET, WAS WEAK IN COMPARISION TO THE EARLY TRADE.

TODAY MARKET WOULD BE RANGE BOUND AHEAD OF MONETORY POLICY AND THERE WOULD BE WILD FLUTUATIONS IN THE MARKET, THERE WOULD BE LOT OF ACTIVITY IN STOCK SPECIFIC COUNTERS, WE MAY SEE RELIANCE, LT AND HUL WOULD HAVE GOOD ACTIVITY AHEAD OF RESULTS TODAY. INTEREST RATE SENSITIVE STOCKS MAY BE UNDER PRESSURE. AUTO’S, REALITY AND BANKING MAY BE WEAK ONE HAS TO CLOSELY WATCH OUT FOR THESE SECTORS. ON THE OTHER HAND ONE HAS TO SEE THAT ON COMPANIES WHICH ARE GOING OUT FOR NEW LICENSES IN BANKING MAY HAVE SOME IMPACT IN THE MONETORY POLICY REVIEW SO STOCKS LIKE RELINACE CAPITAL, INDIABULLS, TATA CAPITAL AND OTHERS MAY HAVE SOME MOVEMENT IF THERE IS ANY NEWS ON THE SAME. TODAY IF NIFTY TRADES ABOVE 5460 THEN LIKELY TO MAKE AN UPMOVE AS INDIATED YESTERDAY AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5411 THEN LIKELY TO NOSE DIVE TO 5375 AND ANY BREAK BELOW THIS LEVEL WOULD WEAKEN NIFTY FURTHER IN THE COMING DAYS AND WOULD SLIDE FURTHER.

NO INTRADAY TIPS

INTRADAY TIPS FOR 26 JULY 2010

GOOD MORNING!!!

INDICES INCHED HIGHER AT THE CLOSING OF THE TRADING SESSION THOUGH THERE WAS STRONG PROFIT TAKING AFTER MARKETS HAVE RALLIED TO 29 MONTH HIGH. THE MARKET BREADTH WEAKENED, REVERSING FROM A STRONG BREADTH EARLIER IN THE DAY. REALTY STOCKS SLIPPED ON RATE HIKE WORRIES. METAL STOCKS DECLINED IN VOLATILE TRADE. BUT, SUGAR STOCKS GAINED ON REPORTS THE GOVERNMENT WILL SOON DECONTROL SUGAR PRICES. AUTO, SOFTWARE AND BANKING STOCKS SAW MIXED TREND. STOCKS WERE VOLATILE AS TRADERS ROLLED OVER POSITIONS IN THE DERIVATIVES SEGMENT FROM JULY 2010 SERIES TO AUGUST 2010 SERIES AHEAD OF THE EXPIRY OF THE NEAR-MONTH JULY 2010 CONTRACTS NEXT THURSDAY, 29 JULY 2010.

TODAY MARKETS WOULD BE VOLATILE THOUGH INITIALLY MARKETS MAY TAKE A SURGE BUT PROFIT BOOKING WOULD CROP UP AT EVERY HIGHER LEVELS, THE STRONG RALLY IS BEING SUPPORTED BY FOREIGN FUNDS AND EVERY SELL OFF IS BEING TRIGGERED IN THE MARKET BY DOMESTIC PLAYERS, ONE IS ADVISED TO STAY CAUTIOUS AT HIGHER LEVELS AS MARKETS HAVE INCHED HIGHER AND AT STAGE WHERE IT REQUIRES SOME KIND OF CONSOLIDATION OR CORRECTION IN THE FORM OF RETRACEMENT AS OVERALL MARKETS STILL LOOK HEALTHY ON GLOBAL FRONT. IF NIFTY TRADES ABOVE 5460 THEN LIKELY TO MAKE AN UP MOVE TO 5490 LEVELS AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5428 LEVELS WOULD DRAG NIFTY DOWN TO 5411 AND BREAK BELOW THIS LEVEL WOULD FURTHER WEAKEN TO 5375 LEVELS. ONE HAS TO CLOSELY WATCH OUT FOR RBI RATE HIKE ON 27 JULY 2010.

NO RECOS FOR THE DAY

INTRADAY TIPS FOR 23 JULY 2010

GOOD MORNING!!!

MARKETS RALLIED IN THE LATTER PART OF THE TRADING SESSION TRACKING RALLY IN EUROPEAN AND US INDEX FUTURES, THE RALLY IN DOMESTIC BOURSES WAS EXTREEMLY STRONG AND GAVE A GOOD BREAKOUT IN THE INDICES AND CLOSED AT THEIR HIGHEST LEVELS IN THE LAST TWO AND HALF YEARS. MARKETS HAVE SEEN PULL BACK TRACKING, RECOVERY IN MANSOON RAINS FROM A DEFICIT OF 24% TO 17% FROM LAST WEEK, DECENT CORPORATE EARNINGS, HEADLINE INFLATION ROSE LOWER-THAN-EXPECTED T0 10.55% AND THE BIGGEST FACTOR ALL IN ALL IS SUSTAINED, CONTINUAL AND HEAVY BUYING FROM FOREIGN FUNDS, THIS HAS NOT ONLY TRIGGERED THE MARKETS BUT ALSO KINDLED THE LIGHTS OF INVESTORS TO POUR IN FUNDS IN THE EQUITY MARKETS, MARKETS HAVE BROKEN OUT PSYCHOLOGICAL LEVELS THERE BY INVITING PEOPLE TO GO AHEAD TO INVEST. EXCEPT FOR THE IT INDEX ALL THE OTHER SECTORAL COUNTER PARTS CLOSED IN POSITIVE TERITORRY.

TODAY MARKETS TO OPEN POSITIVE AND FIRM, MARKET TO RALLY FURTHER UPSIDE FROM HERE ON BUT ONE HAS TO BE VERY CAUTIOUS AT HIGHER LEVELS. NSE’S VOLATALITY INDEX INDIA VIX, WHICH IS GAUGE OF TRADERS PERCEPTION OF NEAR TERM RISKS IN THE MARKET BASED ON OPTIONS PRICES, DECLINED FOR THE THIRD DAY IN A ROW, WHICH IS A CAUSE OF CONCERN. VOLATILITY IS EXPECTED TO RISE OVER THE NEXT FEW DAYS AS TRADERS WOULD ROLLOVER THEIR POSITIONS IN DERIVATES SEGMENT FROM THE NEAR MONTH CONTRACT TO THE NEXT MONTH SERIES. TODAY IF NIFTY TRADES ABOVE 5450 THEN LIKELY TO MAKE AN UPMOVE TO 5487 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5518 LEVELS AND ONE HAS TO BE VERY CAUTIOUS ON THE UPSIDE THOUGH NIFTY LIKELY TO MAKE AN UPMOVE TO 5560 LEVELS ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5438 THEN LIKELY TO SLIP DOWN TO 5411 LEVELS AND BELOW THIS WE CAN EXPECT NIFTY TO COME DOWN TO 5380 LEVELS AND ANY BREAK BELOW 5400 IS CONSIDERED TO BE LITTLE RISKY AND ONE HAS TO BE LITTLE CAUTIOUS ON THOSE LEVELS. ALL IN ALL MARKETS MAY SHOW A GOOD SUPPORT AROUND 5400 LEVELS AND RESISTANCE AROUND 5500 LEVELS.

BUY V GUARD INDS SL 116 TGT 119/121/123
BUY TATAMOTORS SL 835 TGT 845/850/859
BUY PTC SL 114 TGT 117/118.6/119.85 (SHORT TERM 128)
BUY BIOCON SL 330 TGT 334/337/340
BUY UBHOLDINGS SL 271 TGT 286/297/302 (MEDIUM TERM 380)
BUY CAIRN SL 322 TGT 327/333/336
BUY ADANIENT FUTURES SL 530 TGT 620

POSITIONAL TRADES
BUY CORE PROJECTS TGT 350
BUY DEEPAKFERT TGT 210

INTRADAY TIPS FOR 22 JULY 2010

GOOD MORNING!!!

LAST DAY MARKETS WERE POSITIVE AND REMAINED POSITIVE THOUGH THERE WAS SOME DECLINE IN THE MID AFTERNOON TRADE. ALL IN ALL MARKET BREADTH REMAINED POSITIVE.

TODAY MARKETS WOULD OPEN FLAT TO NEGATIVE AND WOULD TRADE IN RANGE BOUND. IF NIFTY TRADES BELOW 5385 THEN LIKELY TO COME DOWN TO 5350 LEVELS AND ANY BREAK BELOW 5350 IS CONSIDERED TO BE WEAK AND WOULD TRAVEL TO 5320 LEVELS AND ANY CLOSE BELOW 5350 ONE CAN EXIT SOME OF THEIR LONG POSITIONS AND WAIT. ON THE OTHER SIDE IF NIFTY TRADE ABOVE 5410 ONLY THEN ONE IS ADVISED TO TAKE LONGS FOR A TARGET OF 5450 AND ANY BREAK ABOVE 5450 ONE CAN SEE MARKETS TO FLY ANOTHER 100 POINTS IMMEDIATELY IN A VERY SHORT TIME.

BUY HAVELLS SL 671 TGT 683/689/700
BUY ADSL SL 242 TGT 247/251/254
BUY CORP BANK SL 572 TGT 584/592/600 (MEDIUM TERM 650/700)
BUY SKF INDIA SL 532 TGT 543/549/558
BUY TATAMTRDVR SL 566 TGT 577/582/588

INTRADAY TIPS FOR 21 JULY 2010

GOOD MORNING!!!

INDICES LOST ITS STRENGTH RIGHT FROM THE OPENING OF THE MARKETS, IT OPENED FIRM TRACKING ASIAN MARKETS BUT COULD NOT SUSTAIN THE OPENING GAINS IT SLOWLY STARTED DECLINING FROM THE OPENING HIGHS AND LOST COMPLETE CONTROL WHEN US AND EUROPEAN STOCKS STARTED FALLING IN THE MID AFTERNOON, INDICES TUMBLED QUITE FAST AND DRAGGED DOWN TO NEW INTRADAY LOWS AND MARKETS CLOSED IN LOWS OF THE DAY. AUTO AND BANKING STOCKS REVERSED ALL THE INITIAL GAINS, HEALTHCARE STOCKS ALSO ADDED FUEL TO THE DECLINE BUT REALITY IS THE SECTOR WHICH HELD ITS GAINS TILL THE END OF THE SESSION. MARKET BREADTH AT THE END TURNED NEGATIVE.

TODAY MARKETS WOULD REMAIN IN RANGE BOUND, NIFTY LIKELY TO REMAIN UNDER TREMENDOUS PRESSURE AT HIGHER LEVELS AND 5450 REMAINS STIFF RESISTANCE FOR ANY UP MOVE FROM HERE ON EVERY RISE MAY WELCOME SELLING PRESSURE AND ANY MOVE ABOVE 5450 WOULD TAKE NIFTY 100 POINTS UPSIDE FROM THERE ON. TODAY IF NIFTY TRADES ABOVE 5400 ONE CAN SEE IT TO GO UP TO 5420 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5450 LEVELS AND ANY CLOSE ABOVE 5450 ONE IS ADVISED TO EXIT SHORTS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5350 LIKELY TO DIP DOWN TO 5320 AND BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5304 AND ANY CLOSE BELOW 5300 IS CONSIDERED TO BE WEAK AND WOULD DRAG NIFTY DOWN FURTHER. WE MAY SEE VERY STOCK SPECIFIC MOVES IN THE MARKET AHEAD OF Q1 RESULTS. STRICTLY FOLLOW THE LEVELS SPECIFIED.

BUY DLF SL 318 TGT 322/324/235.75
BUY AUTOLINE IND SL 154 TGT 163/169/177
BUY JYOTISTRUC SL 165 TGT 170/172/173.5 (POSITIONAL TGT 195)
BUY NILKAMAL SL 309 TGT 313/317/320

POSITIONAL TRADES
BUY AMTEKAUTO CMP 194.40 TGT 230
BUY PHILIPCARB CMP 210.20 TGT 250
BUY TATAMTRDVR CMP 565.15 TGT 675/725*