INTRADAY TIPS FOR 13 AUGUST 2010

GOOD MORNING!!!

THE MARKET CAME OFF THE LOWER LEVEL IN MORNING TRADE AS ASIAN STOCKS AND US INDEX FUTURES RECOVERED FROM INITIAL SHARP LOSSES. A BOUT OF VOLATILITY WAS WITNESSED IN MID-MORNING TRADE AFTER THE GOVERNMENT RELEASED INDUSTRIAL PRODUCTION DATA. A STRONG REBOUND WAS WITNESSED IN AFTERNOON TRADE. STRONG RESULTS FROM STATE BANK OF INDIA PROPELLED BUYING IN AFTERNOON TRADE, INDICES HIT A FRESH INTRADAY HIGH, AFTER MOVING IN A NARROW RANGE BOUND INDICES MANAGED TO CLOSE FLAT. THE LATEST INFLATION DATA SHOWED FOOD PRICE INDEX ROSE 11.40% IN THE YEAR TO 31 JULY 2010, WHILE THE FUEL PRICE INDEX CLIMBED 12.66%. FOOD INFLATION ACCELERATED FROM THE PREVIOUS WEEK'S ANNUAL RISE OF 9.53% WHILE FUEL INFLATION EASED FROM THE WEEK-AGO READING OF 14.26%. THE PRIMARY ARTICLES INDEX ROSE 15.66% COMPARED WITH THE PREVIOUS WEEK'S READING OF 14.36%. THE INDUSTRIAL OUTPUT ROSE 7.1% IN JUNE 2010 COMPARED WITH REVISED 11.3% RISE IN MAY 2010. MANUFACTURING GREW 7.3%, MINING SECTOR GREW 9.5%, CONSUMER GOODS SECTOR ROSE 8.3%, CAPITAL GOODS SECTOR EXPANDED 9.7% AND ELECTRICITY GENERATION ROSE 3.5%.

TODAY WE EXPECT MARKET TO TRADE RANGE BOUND, ONE HAS TO STAY CAUTIOUS FROM HERE ON AT EVERY LEVEL ON THE UPSIDE. IT LOOKS LIKE WE STRIVE HARD TO MAKE PEANUTS IN THIS MARKET ON THE UPSIDE BUT IF ONE IS STUCK IN ANY OF THE COUNTER MAY HAVE TO STAY INVESTED FOR LONG TIME TO GET OUT OF IT AND LOOSE LOT OF OPPORTUNITY AS WELL SO ADVISED ONLY TO GO LONG IN STOCK SPECIFIC COUNTERS. TODAY IF NIFTY TRADES ABOVE 5430 MARKET MAY MOVE UPTO 5450 LEVELS AND ANY UP MOVE FROM THERE ON MAY TAKE NIFTY TO 5476 AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 5404 THEN LIKELY TO COME DOWN TO 5372 LEVELS AND ANY BREAK BELOW 5372 MAY TAKE NIFTY TO 5350 AND THEN TO 5320 LEVELS AND ANY CLOSE BELOW 5372 IS A WEAK CLOSING IN NIFTY.

BUY RECLTD SL 330 TGT 340/345/355
BUY GMR INFRA SL 61 TGT 62.5/63.6/64.25

POSITIONAL TRADES
BUY LIBERTY SHOES SL 101.5 TGT 125/140/200

INTRADAY TIPS FOR 12 AUGUST 2010

GOOD MORNING!!!

MARKET EDGED HIGHER AT THE ONSET OF THE TRADING SESSION AND LOST ITS GROUND LATER TRACKING WEAK ASIAN MARKETS AND THE LATE TRADING DECLINE HAS BEEN SUPPORTED TO THE FULLEST BY THE EUROPE AND US FUTURES WHICH FUTHER STRENGTHENED THE WEAKNESS IN THE MARKETS AND HIT INTRADAY LOWS IN THE AFTERNOON, MARKETS WERE VERY VOLATILE DURING THE ENTIRE DAY THERE HAS BEEN ONLY STOCK SPECIFIC MOVE IN THE MARKET. MARKET BREADTH WAS WEAK IN CONTRAST TO THE POSITIVE BREADTH EARLIER IN THE DAY. MARKETS HAVE ENDED IN A BAD PATCH ENCOURAGING THE BEARS. BEARS HAVE COMPLETELY TAKEN CONTROL OF BULLS AND LEFT NO CHANCE IN THE MARKET FOR ANY SPACE FOR THE BULLS. RBI’S DECISION ON LICENSES FOR THE BANKS TO THE EXISTING FINANCIAL SECTORS HAVE ENCOURAGED BUYING IN THIS COUNTER EVEN IN THE DECLINING MARKETS.

TODAY MARKETS WOULD OPEN NEGATIVE TRACKING THE WORST CLOSING OF AMERICAN AND EUROPEAN MARKETS AND NEGATIVE OPENING OF ASIAN MARKETS WHICH MAY CONTINUE THE DECLINING PHASE IN THE MARKETS. MARKETS MAY COMPLETELY BE IN THE CONTROL OF BEARS AS WE HAVE SEEN ALL THE SECTORAL AS WELL AS STOCKS SPECIFIC COUNTERS HAVE REACHED THE OVER BOUGHT REGEION AND NOW IT’S THE TIME FOR RETRACMENT IN THE MARKETS WE MAY SEE STOCKS TO COME DOWN TO FURTHER MOVE UP. WE MAY SEE TATA STEEL NUMBERS TO DISAPPOINT MARKETS TODAY THIS WILL ADD SOME MORE PRESSURE IN THE MARKETS NOT ONLY THIS BUT ALSO THE IIP NUMBERS WHICH ARE EXPECTED TO BE MUCH BELOW THE DOUBLE DIGIT WHICH IS VERY NEGATIVE WHEN COMPARED TO THE EARILER DATA. TODAY MARKETS WOULD OPEN NEGATIVE AND CONTINUE TO REMAIN IN THE NEGATIVE ZONE, IF NIFTY TRADES BELOW 5400 WE MAY SEE NIFTY TO DIRECTLY COME TO 5350 AND BREAK BELOW THIS LEVEL WE MAY SEE NIFTY TO FURTHER WEAKEN AND COME DOWN TO 5300 LEVELS AND ANY TRADE BELOW 5300 WOULD DRAGE NIFTY TO 5240 LEVELS IN A VERY SHORT SPAN OF TIME. WE SUGGEST YOU TO STAY AWAY FROM LONGS FOR THE DAY AS THE NEGATIVE OPENING WOULD BE SUPPORTED IN THE LATE TRADE BY IIP NUMBERS SO STAY CAUTIOUS AND DON’T TAKE LONG TRADES WHEN MARKET IS RETRACING EVERY RISE WOULD BE A SELLING OPPORTUNITY TAKING 5400 AS STOPLOSS.

BUY SREI SL 90 TGT 96/98/100 (SHORT TERM 110)*
BUY TATA COMMUNICATION SL 322 TGT 336/345/351 (SHORT TERM 370)
SELL DCHL 131 TGT 128.6/126.5/125
SELL TATA STEEL SL 528 TGT 510/498/489 (SHORT TERM 450)
SELL ABAN SL 863 TGT 845/831/821
POSITIONAL TRADES
BUY M&M FINANCIALS TGT 750/1000
BUY LIC HSG TGT 1200/1600
BUY RELIANCE CAPITAL 850/920
BUY HPCL TGT 525/588
BUY BPCL TGT 775/875
SELL ADANI ENTERPRISES SL 836 TGT 550/515
SELL GAIL TGT 400 (SHORT TERM)

NOTE:

1. ONE CAN RE-INITIATE BUY IN INTRADAY BUY CALLS IF IT AGAIN MOVES ABOVE STOPLOSS, PREFERABLY TAKE ABOVE RECOMMENDED BUY CALLS ON INITIAL DECLIEN ABOVE STOPLOSS

2. IN POSITIONAL TRADES SHORTS ARE TO BE TAKEN IN FUTURES

INTRADAY TIPS FOR 11 AUGUST 2010

GOOD MORNING!!!

MARKETS LOOSE ITS GROUND AFTER A STRONG START ON MONDAY AHEAD OF FEDERAL RESERVE POLICY. ALL THE GLOBAL STOCKS HAVE NOSE-DIVED WHICH HAS TRIGGERED THE MARKETS TO LOOSE ITS STRENGTH. . THE MARKET EDGED LOWER IN EARLY TRADE, TRACKING WEAK ASIAN STOCKS. THE MARKET CAME OFF THE LOWER LEVEL IN MORNING TRADE. THE MARKET MOVED IN A NARROW RANGE IN MID-MORNING TRADE. THE MARKET HIT A FRESH INTRADAY LOW IN EARLY AFTERNOON TRADE. THE MARKET EXTENDED LOSSES IN AFTERNOON TRADE AS CHINESE STOCKS SLUMPED STOCKS WERE VOLATILE. TATA MOTORS WAS THE STOCK WHICH HAS OUT PERFORMED IN THE MARKET, HOLDING THE MARKETS TO CERTAIN EXTENT ALONG WITH ICICI AND L&T. THE MARKET BREADTH WAS NEGATIVE IN CONTRAST TO A STRONG BREADTH EARLIER IN THE DAY.

TODAY MARKETS WOULD OPEN WEAK ON GLOBAL CUES AND CONTINUE TO REMAIN UNDER PRESSURE AS MARKETS ARE PURELY ON THE OVER BOUGHT REGION ONLY CONSOLIDATING AT FOREIGN FUNDS INFLOW IN THE INDIAN MARKETS. MARKETS HAVE TO COME DOWN TO FURTHER MOVE UPSIDE WHICH IS A HEALTHY SIGN FOR THE MARKETS IF NIFTY TAKES OFF FROM THE CURRENT POSITION TO NEW HIGHS IT MAY NOT WITH STAND AND WE MAY SEE MARKETS TO BREAK. IT NIFTY TRADES BELOW 5454 THEN LIKELY TO COME DOWN TO 5430 LEVELS AND BREAK BELOW 5430 WOULD TAKE NIFTY TO 5397 LEVELS AND ANAY BREAK BELOW THIS POINT WOULD TAKE IT TO 5357 LEVELS. ON THE POSITIVE SIDE ABOVE 5475 WOUD TAKE NIFTY TO 5499 LEVELS.

BUY GMRINFRA SL 59.4 TGT 60.9/61.7/62.6
BUY ADANI POWER SL 139.4 TGT 142.2/144/145.35
BUY FIRST LEASING SL 74 TGT 78/80/84
BUY IBREAL SL 185 TGT 189/194/197
BUY TITAN BIO-TECH SL 24 TGT 25/25.4/25.85 (MEDIUM TERM 28/31)
BUY ARIES SL 167 TGT 176/181/190

INTRADAY TIPS FOR 10 AUGUST 2010

GOOD MORNING!!!

INDICES SURGED TO 2-1/2-YEAR HIGHS AT THE FAG END OF THE TRADING SESSION ON THE FOLLOWING GROUNDS.
1. SOON AFTER REPORTS FILTERED IN THAT THE GOVERNMENT HAS EXEMPTED LISTED STATE-RUN FIRMS FROM A RULE THAT MANDATES A MINIMUM 25% PUBLIC SHAREHOLDING.
2. A FURTHER IMPROVEMENT IN SOUTHWEST MONSOON RAINS,
3. SUSTAINED BUYING BY FOREIGN FUNDS AND FIRM GLOBAL STOCKS. FOREIGN FUNDS BOUGHT EQUITIES WORTH A NET RS 2762.21 CRORE IN THE FIRST FIVE TRADING DAYS THIS MONTH, TILL 6 AUGUST 2010, ABSORBING SELLING OF RS 1129.62 CRORE FROM DOMESTIC FUNDS, AS PER DATA FROM THE STOCK EXCHANGES.
THE ABOVE POINTS HAVE UNDERPINNED SENTIMENTS IN THE MARKETS THEIR BY TRIGGERING THE MARKETS HIGHER. BANKING, REALTY, METAL AND CONSUMER DURABLES STOCKS WERE IN DEMAND. BUT, INDEX HEAVYWEIGHT RELIANCE

TODAY MARKETS WOULD OPEN FLAT AND REMAIN IN CONSOLIDATION AS INDICES ARE AT HIGHER LEVELS AND LIKELY TO HAVE GOOD RESISITANCE AT HIGHER LEVELS. ONE HAS TO BE VERY CAUTIOUS IN THE MARKETS AT THE CURRENT SITUATION AS INDICES ARE AT OVERBOUGHT REGION AND LIKELY TO RETRACE AT ANY GIVEN POINT IN TIME SO IT IS ADVISED TO STAY INVESTED ONLY 25% OF THE CAPITAL AND THAT TOO IN STOCK SPECIFIC COUNTERS. WE MAY SEE NIFTY TO FACE TOUGH RESISTANCE AT HIGHER LEVELS. ON INTRADAY BASIS IF FNITY TRADES BELOW 5500 THEN LIKELY TO COME DOWN TO 5470 AND BREAK BELOW THIS LEVEL WOULD COME TO 5450 LELVELS AND ANY BREAK BELOW THIS LEVEL IS CONSIDERED TO BE WEAK AND NIFTY CAN DRAG DOWN TO 5400 LEVELS AND IT IS EXPECTED THAT MARKET IS LIKELY TO COME DOWN FROM THIS PHASE. ON THE UPSIDE IF NIFTY TRADES ABOVE 5500 THEN LIKELY TO MAKE AN UPMOVE TO 5560 LEVELS. AND ONE HAS TO BEAR IN MIND NOT TO CAPTIVATE ON BUYING OPPORTUNITIES TRY TO GRAB THE OPPORTUNITY ON SELLING SIDE.

BUY UNITECH SL 89.4 TGT 92.5/94/96
BUY JUBLI. FOOD SL 460 TGT 483/495/508
BUY HIMACHAL FUTURIS SL 11 TGT 11.4/11.8/12
BUY ESSAR SHIPPING SL 125.8 TGT 136/143/146 (SHORT TERM 175)
BUY DCM LTD SL 104.7 TGT 111/114.7/118
BUY ARVIND MILLS SL 38.5 TGT 39.5/40.4/41 (SHORT TERM 45)

BUY BANK NIFTY PUTS OF STRIKE 10300/10400/10500 AND TAKE MIN 100% RETURN

INTRADAY TIPS FOR 09 AUGUST 2010

GOOD MORNING!!!

LAST TRADING DAY MARKETS HAVE OPENED HIGHER BUT COULDNT SUSTAIN AT HIGHER LEVELS, MARKETS STARTED CRAKING NO SOONER IT REACHED HIGHER LEVELS AND DRAGGED DOWN ON CONCERNS OF EUROPEAN AND US INDICIES. MARKETS AT THE END RETRACED. BANKING, IT AND REALITY ALL THE SECTORAL INDICES FELL AND CLOSED IN RED.

WE HAVE SEEN ONLY STOCK SPECIFIC MOVES AND WE MAY CONTINUE TO SEE STOCK SPECIFIC MOVES BASED ON THE FIRST QUARTER RESULTS. WE MAY SEE SOME PROMINENT FIRST QUARTER RESULTS AND MONETARY POLICY MEETING OF US FEDERAL RESERVE WHICH WOULD BE IN FOCUS IN THE WEEK AHEAD, WE MAY SEE SOME KIND OF CONSOLIDATION AT HIGHER LEVELS. THE MANSOON ARE EXCEPTIONALLY GOOD IN THE COUNTRY THIS IS ONE OF VERY POSITIVE SIGN. THE COMBINED NET PROFIT OF A TOTAL OF 2080 COMPANIES FELL 9.2% TO 57560 CRORES ON 20.7% RISE IN SALES TO 707925 CRORES IN Q1 JUNE 2010 OVER Q1 JUNE 2009. FOOD INFLATION HAS EASED TO 13 MONTH LOW . TODAY MARKETS WOULD OPEN FLAT TO NEGATIVE AND TRADE IN A NARROW RANGE, IF NIFTY TRADES BELOW 5430 THEN LIKELY TO COME DOWN TO 5400 AND BREAK BELOW 5397 WOULD DRAG NIFTY TO 5376 LEVLES AND ANY BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5350 LEVELS AND CLOSE BELOW 5400 WOULD BE CONSIDERED NEGATIVE IN THE NEAR TERM. ON THE POSITIVE SIDE IF NIFTY TRADE ABOVE 5476 THEN LIKELY TO TAKE NIFTY TO 5493 LEVELS AND ANY BREAK ABOVE 5500 THEN WE MAY SEE NIFTY TO GO TO 5560 LEVELS. ONE IS ADVISED TO STAY OUT WITH CASH IN THE MARKETS AS MARKETS HAVE POTENTIAL UPSIDE OF ONLY 100 POINTS BUT HAS A GOOD AMOUNT OF DOWNSIDE ON RETRACEMENT FRONT SO STAY CAUTIOUS AND TAKE ONLY STOCK SPECIFIC ON UPSIDE. MAY SEE SOME GOOD MOVEMENT IN FERTILIZERS.

BUY ABB SL 804 TGT 820/827/838
BUY HINDUJA TMT SL 445 TGT 476/485/494
BUY GSPL SL 110 TGT 112/113/114.8
BUY MAYTAS SL 232 TGT 238/241/246
BUY GJHL SL 163 TGT 168/171/175

INTRADAY TIPS FOR 06 AUGUST 2010

GOOD MORNING!!!

YESTERDAY WE HAVE WITNESSED SEE-SAW MARKET, THOUGH MARKET GAVE UPSIDE BREAK DIDNT QUITE HOLD AT THE HIGHER LEVELS. MARKETS TRADED IN A NARROW RANGE TILL MID AFTERNOON AND THEN MOVED UPSIDE FOR A BRIEF PERIOD AND DIDNT STAY LONG THE FALSE BREAKOUT HAS PUT PANIC IN THE TRADERS AND MARKET CLOSED WEAKER WHEN COMPARED TO THE MARKET BREADTH OF THE EARLY TRADE. ALL-IN-ALL MARKET CRUCIAL LEVELS. WE HAVE SEEN SHIPPING OUTPERFORMING IN THE MARKETS.

TODAY NIFTY MAY OPEN RANGE BOUND. UNTIL THE VOLUMES CROP IN NIFTY MAY BE ON A NARROW RANGE, AS WE HAVE SEEN FOR THE LAST FEW DAYS THE VOLUMES ARE INCHING DOWN ON THE UPWARD JOURNEY WE EXPECT MARKET TO BREAK DOWN ONLY WHEN THE VOLUMES COME IN SO JUST SEE WHEN MARKET COMES DOWN IT HAS TO COME DOWN WITH VOLUMES ONLY THEN ONE CAN SEE SHORTING FOR A GOOD PROFIT IF NIFTY TRADES BELOW 5450 THEN LIKLEY TO COME DOWN TO 5420 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY 5397 AND ANY CLOSE BELOW 5400 IS CONSIDERED TO BE WEAK. ON THE UPSIDE IF NIFTY TRADES ABOVE 5476 ONLY THEN ONE CAN SEE ON THE CLOSING BASIS THAT NIFTY TO GO UP TO 5560 LEVELS.

BUY HCL TECH SL 410 TGT 416/419/421
BUY PRIME FOCUS SL 484 TGT 497/506/515
BUY ARVIND MILLS SL 36.6 TGT 37.6/38.1/38.5
BUY ESSAR SHIPPING SL 107.5 TGT 114/118/120
BUY HIND ZINC SL 1106 TGT 1126/1134/1145
BUY BANK NIFTY 10400 PUT AT 140 SL 75 TGT 300/400/500
BUY SBI 2650 PUT AT 62 SL 36 TGT 100/150/200
SELL SESA GOA FUTURES SL 390 TGT 300/270
SELL TATA STEEL FUTURES SL 570 TGT 500/450/410

INTRADAY TIPS FOR 05 AUGUST 2010

GOOD MORNING!!!

INDICES SURGED TO THEIR HIGHEST LEVEL IN THE LAST 29 MONTHS IN THE LATE TRADE ON STRONG SERVICES DATA AND REVIVAL OF MONSOON RAINS IN THE CRUCIAL SOWING MONTH. IT STOCKS SURGED EVEN THOUGH THE ASAIN INDICIES WERE MIXED AND EUROPE AND US INDICES WERE TRADING IN MUCH NEGATIVE MARKET SPURTED HIGH INCH BY INCH IN A VERY SHORT SPAN AND GAINING AROUND 50 POINTS IN NIFTY FROM LOWS WITHIN SHORT SPAN OF TIME WITH HIGH VOLUMES. REALITY STOCKS TOO ROSE. BANKING AND METALS FELL. THOUGH THE MARKET WAS CONFINED TO A VERY NARROW RANGE BAND TILL AFTERNOON IT BROKE OUT FROM THE CHANNEL AFTER THE STRONG SERVICES ALONG WITH MONSOON DATA WAS RECEIVED. OVERALL HEALTH OF THE MARKET TURNED POSITIVE IN COMPARSION TO THE BREADTH OF THE EARLY TRADE.

TODAY, NIFTY LIKELY TO REMAIN IN A RANGE BOUND UNLESS IT BREACHES 5476 AND TRADE BUT ANY BREAK AND TRADE ABOVE 5476 IS A SIGN OF A BREAK-OUT FOR A NEAR TERM WHICH IS LIKELY TO TAKE NIFYT TO 5560 LEVELS ON HAS TO BE VERY CAUTIOUS ON THE BAND NIFTY IS TRADING, AS LONG AS NIFTY IS BELOW 5476 ONE CAN BE ON SHORTER SIDE BUT ONCE IT BREACHES AND TRADES IT IS VERY RISKY AND THERE WOULD BE LOT OF SHORT COVERING TO TAKE PLACE IF NIFTY CROSSES 5500 TOO SO STAY CAUTIOUS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5430 THEN LIKELY TO DIP DOWN TO 5411 AND THEN TO 5380 LEVELS, OPPORTUNITY FOR SHORTS WILL BE VERY HIGH BUT ONE HAS TO WAIT FOR THAT AS THIS IS NOT THE CLEAR TREND FOR SHORTING.

NO RECOS FOR THE DAY