INTRADAY TIPS 09 SEPTEMBER 2010

GOOD MORNING!!!

INDICES RECOVERED FROM LOWER LEVEL, REGISTERING SMALL GAINS IN NIFTY. INDIAN STOCKS OUTPERFORMED GLOBAL EQUITIES, WHICH FELL ON RENEWED CONCERNS ABOUT THE HEALTH OF EUROPEAN BANKS. IT STOCKS AND REALTY STOCKS ROSE, REVERSING INITIAL LOSSES WHILE AUTO, FMCG AND CAPITAL GOODS STOCKS FELL. MARKET OPENED LOWER AT THE ONSET OF THE TRADING SESSION ON WEAK ASIAN STOCKS. THE MARKET MOVED IN A NARROW BAND IN MORNING TRADE AND HIT INTRADAY LOW IN MID-MORNING TRADE. THE INTRADAY RECOVERY GATHERED STEAM AS THE KEY BENCHMARK INDICES MOVED INTO POSITIVE ZONE IN EARLY AFTERNOON TRADE. THE MAJOR CONCERN OVERALL IN THE GLOBAL MARKETS IS WORRIES ABOUT EUROPE'S BANKS HAVE RESURFACED AFTER THE WALL STREET JOURNAL ON TUESDAY REPORTED THAT STRESS TESTS OF EUROPEAN BANKS EARLIER THIS YEAR UNDERSTATED SOME LENDERS' HOLDINGS OF POTENTIALLY RISKY GOVERNMENT DEBT. THIS HAS HIT THE SENTIMENT OF THE INVESTORS.

TODAY MARKETS WOULD OPEN POSITVE AND MAY REMAIN IN A POSITIVE ZONE UNTIL NIFTY TRADES ABOVE 5593 LEVELS AND MAY FACE RESISTANCE AROUND 5625 AND BREAK ABOVE THIS POINT WOULD LEAD NIFTY TO 5648 AND MARKETS ARE HEADING TOWARDS 5700 LEVELS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW5593 IT WOULD DRAG NIFTY TO 5575 LEVELS AND BREACH BELOW THIS POINT WOULD TAKE NIFTY TO 5557 AND THEN TO 5540 LEVELS AND ANY CLOSE BELOW 5540 WOULD CONVERT NIFTY INTO A NEGATIVE ZONE AND MAY PULL DOWN FURTHER ON RETRACEMENT FACTOR. LONG TERM STILL LOOKS POSITIVE AND WE WOULD STILL DO BETTER IN THE LONGER TERM PERSPECTIVE WE HAVE A GOOD GROWTH STORY AHEAD. WE HAVE SEEN BREAKOUT IN SUGARS AND CEMENT SECTOR.

BUY BIRLA ERICSSON SL 28.4 TGT 30.65/31.60/33.25 (SHORT TERM 45/58)
BUY MTNL SL 65 TGT 66.50/67.60/68.30 (SHORT TERM 76/87)**
BUY CORE PROJECTS SL 296 TGT 304.5/310/318.70*
BUY SUVEN LIFE SCIENCE SL 31.8 TGT 33.30/34.15/35

POSITIONAL TRADES
BUY SBIN TGT 3250/3600
BUY DR REDDY TGT 1550

INTRADAY TIPS FOR 08 SEPTEMBER 2010

GOOD MORNING!!!

KEY INDICES CAME OFF HIGHS AFTER HITTING NEW 31 MONTH HIGHS IN THE LATE TRADE AS EUROPEAN STOCKS AND US INDEX FUTURES FELL. VOLATALITY WAS VERY HIGH ON THE BOURSES. INTEREST RATE SENSITIVE BANKING AND REALTY STOCKS FELL AHEAD OF A MONETARY POLICY REVIEW BY THE CENTRAL BANK ON 16 SEPTEMBER 2010. IT, METAL, CEMENT STOCKS ROSE. MARKET BREADTH WAS STRONG IN THE OPENING OF TRADE IN COMPARISION TO THE END OF THE SESSION. MARKETS STILL MANAGED TO CLOSE ON A POSITIVE NOTE AND THE STRUCTURE OF THE MARKETS STILL CONTINUE TO LOOK BULLISH.

TODAY MARKETS LOOK NEGATIVELY BIASED ON THE NEGATIVE CLOSING OF AMERICAN MARKETS AND WEAK OPENING OF ASIAN MARKETS. ALMOST ALL THE GLOBAL INDICES ARE TRADING IN NEGATIVE ZONES. TODAY, IF NIFTY TRADES BELOW 5575 THEN LIKELY TO MAKE 5560 LEVELS AND BREAK BELOW THIS POINT WE MAY SEE NIFTY TO DRAG DOWN TO 5514 LEVELS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5600 THEN WE CAN SEE NIFTY TO TOUCH 5700 IN A VERY SHORT TIME. STOCK SPECIFIC MOVES CAN BE SEEN AND BE WITH THE TREND. CEMENTS HAVE GIVEN A BREAK OUT.

BUY UTTAM GALVA STEEL SL 162 TGT 172/179/182
BUY ACC SL 957 TGT 983/999/1009
BUY ULTATECH SL 988 TGT 1018/1031/1059

INTRADAY TIPS FOR 07 SEPTEMBER 2010

GOOD MORNING!!!

INDICES JOINED RALLY OF GLOBAL STOCKS AND ROSE TO 31 MONTHS HIGH, THE MAJOR TRIGGERS IN THE MARKETS WERE
· US BETTER THAN EXPECTED US PAYROLLS DATA EASED MARKET ANXIETY OVER CHANCES OF DOUBLE DIP RECESSION IN THE WORLD BIGGEST ECONOMY.
· CONTINUAL AND SUSTAINED BUYING FROM FOREIGN FUDNS
· GOOD MONSOON RAINS
ALL THE ABOVE THREE FACTORS HAVE LIFTED THE SENTIMENT OF THE INVESTORS AND IGNITED THE MARKETS TO THE NEW HIGHS OF MORE THAN TWO AND HALF YEARS. THE RALLY HAS COVERED ALL THE SECTORS AND THERE WAS VERY GOOD BUYING SEEN IN ALL THE COUNTERS. INITIALLY MARKETS SURGED IN THE OPENING OF THE TRADE AND STARTED MOVING AT A CONSTANT PACE TOWARDS NORTH AND THERE WAS ABSOLUTE BUYING SEEN IN ALL THE COUNTERS. THOUGH INFLATION WAS LITTLE HIGHER THE DATA DIDN’T DISAPPOINT ANYTHING IN THE MARKETS. THE MARKET BREADTH IN THE OPENING WAS STRONG AND CONTINUED TO GET STRONGER AS THE DAY PROGRESSED AND CLOSED AT A VERY POSITIVE NOTE.

TODAY MARKETS WOULD OPEN POSITIVE AND REMAIN RANGE BOUND TILL NIFTY IS BELOW 5600 LEVELS ONE CAN SEE NIFTY TO TRADE RANGE BOUND AS LONG AS NIFTY IS BELOW 5600 LEVELS, IF NIFTY TRADES ABOVE 5600 WE CAN SEE NIFTY TO MOVE TO 5700 IN A VERY SHORT NOTE ANY LEG OF BUYING FROM HERE ON WOULD FORCE THE BEARS TO COVER THEIR SHORTS THEREBY IGNITING THE MARKETS TO SHOOT UP TO 5700 LEVELS. ONE HAS TO BE VERY CAUTIOUS IN THE MARKET BUT BE WITH THE TREND. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5570 WE MAY SEE A LITTLE DECLINE TILL 5547 LEVELS AND BREAK BELOW THIS POINT WOULD TAKE DOWN TO 5510 LEVELS.

BUY CEAT SL 188 TGT 195/200/206
BUY VOLTAS SL 216 TGT 219.60/221.40/224.50
BUY STERLING BIOTECH SL 114.4 TGT 118.25/120.25/123
POSITIONAL TRADES
BUY KINGFISHER 85/93
BUY BEML TGT 1400/1500*
BUY ISPAT INDS TGT 23*

INTRADAY TIPS FOR 06 SEPTEMBER 2010

GOOD MORNING!!!

SELLING PRESSURE CONTINUED AFTER A POSITIVE START IN THE MARKET ALMOST ALL THE OPENING GAINS HAVE BEEN WIPED OFF SLOWLY AND ENTERED INTO A NEGATIVE TERRITORY AND THEN IN THE AFTERNOON WE HAVE SEEN A FAST RECOVERY THOUGH COULD NOT BREAK INTRADAY HIGHS BUT MANAGED TO INCH UP HIGHER BUT AT THE FAG END OF THE TRADING SESSION MARKETS FELL ON PROFIT BOOKING NOTE AHEAD OF WEEKEND AND MARKETS MANAGED TO CLOSE ALMOST FLAT TO NEGATIVE. THERE WAS GOOD BUYING SEEN IN IT AND FERTILIZERS STOCKS.

TODAY MARKETS WOULD OPEN POSITIVE TRACKING POSITIVE CLOSING OF EUROPEAN & AMERICAN INDICES ON FRIDAY AND A POSITIVE START IN ASIAN INDICES WOULD HELP NIFTY TO OPEN ON A POSITIVE NOTE. IF NIFTY TRADES ABOVE 5490 THEN LIKELY TO MAKE AN UP MOVE TO 5510 LEVELS AND BREAK ABOVE THAT POINT WOULD TAKE IT TO 5545 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE IT TO 5560 WHICH WOULD ACT AS A TOUGH RESISTANCE AND ANY BREAK AND CLOSE ABOVE THIS POINT WOULD TAKE NIFTY TO FURTHER NEW HIGHS AND THERE IS EVERY POSSIBILITY THAT THERE WOULD BE LOT OF SHORT UNWINDING TO TAKE PLACE SO BE CAUTIOUS ABOVE 5560 LEVELS ON THE SHORT SIDE. ON THE NEGATIVE SIDE OF MARKET IF NIFTY TRADES BELOW 5474 WE MAY LIKELY TO SEE NIFTY TO COME DOWN TO 5438 AND THEN TO 5414 LEVELS AND ANY CLOSING BELOW 5450 IS CONSIDERED TO BE BEARISH IN A VERY SHORT TERM.

BUY BOSCH LTD SL 6267 TGT 6440/6553/6610 (SHORT TERM 7330)*
BUY HOTEL LEELA SL 54.6 TGT 55.90/56.60/57.80 (SHORT TERM 69)*
BUY KINGFISHER AIRLINES SL 63 TGT 64.25/65.50/66.15
BUY ESCORTS SL 214.3 TGT 220/224/227.9

POSITIONAL TRADES
BUY TV18 TGT 118
BUY TALWALKAR TGT 300
BUY VENKYS (I) TGT 1150/1400

INTRADAY TIPS FOR 03 SEPTEMBER 2010

GOOD MORNING!!!

INDICES OPENED ON A STRONG NOTE TRACKING US & EUROPE CLOSING AND POSITIVE START FROM ASIAN PEERS, BUT COULD NOT HOLD THE GAINS. MARKETS STARTED GIVING AWAY SLOWLY ALL THE GAINS IN A VERY VOLATILE TRADE. THE SELLING PRESSURE WAS SEEN IN LATE TRDE WHICH HAS WIPED AWAY ALMOST ALL THE GAINS. THE MARKET BREADTH TURNED WEAK IN CONTRAST TO THE STRONG BREADTH EARLIER IN THE OPENING TRADE, ALL-IN-ALL CLOSED ON A POSITIVE BREADTH. THE MID CAPS AND SMALL CAPS HOGGED THE LIMELIGHT. THERE WAS BUYING INTEREST SEEN IN AUTO, BANKING, METALS AND CONSUMER GOODS, SUGAR STOCKS WERE THE MAJOR GAINERS OF THE DAY REPORTS ON POSSIBLE DECONTROL IN PRICES HAVE TRIGGERED ALL THE SUGARS STOCKS.

TODAY MARKETS LOOK FLAT AND VOLATILE. IF NIFTY TRADES BELOW 5474 THEN LIKELY TO NOSE DIVE TO 5438 LEVELS AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY TO 5414 LEVELS AND ANY CLOSE BELOW 5414 IS CONSIDERED TO BE WEAK AND MAY SEE FURTHER DOWNSIDE IN NIFTY IN COMING DAYS. ON THE POSITIVE FRONT IF NIFTY TRADES ABOVE 5510 THEN LIKELY TO MAKE AN UPMOVE TO 5540 AND BREAK ABOVE THIS POINT WOULD TRIGGER NIFTY TO 5560 LEVELS. ANY CLOSE ABOVE 5540 IS CONSIDERED TO BE VERY STRONG CLOSING.

BUY EXIDE INDS SL 155 TGT 159.5/162/165 (SHORT TERM 200)
BUY CORE PROJECTS SL 279 TGT 286/289.75/296.50
BUY VINDHYA TELELINK SL 348.9 TGT 369/381/388 (SHORT TERM 450)
BUY ISPAT INDS SL 19.75 TGT 20.40/20.85/21.10
POSITIONAL TRADES
BUY JINDAL DRILLING TGT 750
BUY CEAT TGT 200

INTRADAY TIPS FOR 02 SEPTEMBER 2010

GOOD MORNING!!!

STRONG GLOBAL CUES HAVE PUSHED THE BOURSES TO THE NEW INTRADAY HIGHS IN THE AFTERNOON SESSION OF THE MARKETS. MONTH STARTED ON A FIRM NOTE NULLIFYING ALMOST ALL THE LOSSES INCURRED IN THE LAST FEW TRADING SESSIONS. THE MAJOR TRIGGER IN THE MARKETS APART FROM THE GLOBAL CUES WERE STRONG AUTO SALES, DATA FROM MANUFACTURING SECTOR SHOWING EXPANSION AND RESUMPTION OF BUYING BY FOREIGN FUNDS THESE ALL THINGS HAVE UNDERPINNED THE SENTIMENT OF THE INVESTORS. MARKET INITIALLY OPENED HIGHER AND CONTINUED TO REMAIN IN A NARROW RANGE BOUND UNTIL AFTERNOON THERE AFTER TRACKING THE US AND EUROPEAN POSITIVE OPENING MARKET STARTED TO SHOW ITS MOMENTUM TOWARDS NORTH AND INCHED HIGHER. ALL THE SECTORAL INDICES WERE IN GREEN AND MARKET BREADTH IN THE OPENING WAS STRONG AND IT WAS MUCH STRONGER AT THE END OF THE TRADING DAY.

TODAY MARKETS LOOK POSITIVE ON GLOBAL CUES AS US AND EUROPE CLOSED POSITIVE AND POSITIVE OPENING OF ASIAN STOCKS WOULD TRIGGER INDIAN MARKETS IN THE OPENING BELL. NIFTY IN THE OPENING MAY GO UPTO 5520 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5545 LEVELS WHICH WILL ACT AS A TOUGH RESISTANCE AND IF THIS IS BREACHED WE CAN EXPECT IT TO TOUCH 5560 LEVELS THIS IS CONSIDERED TO BE A LONG TERM RESISTANCE IF NIFTY TRADES ABOVE 5560 THEN WE MAY SEE SOME SHORT COVERING AND BUILDUP IN OPEN LONGS AS WELL. ON THE DOWN SIDE NIFTY WOULD NOT LIKELY TO SEE ANY PRESSURE.

BUY HANUNG TOYS SL 308 TGT 316/324/333
BUY JSW STEEL SL 1170 TGT 1187/1199/1207
BUY DISH TV SL 53 TGT 54.8/56.3/57.20
BUY RUCHI SOYA SL 136 TGT 140/143.8/145.8*
BUY CENTURY TEXTILES SL 494 TGT 500/506/509

POSITIONAL TRADES
BUY FDC TGT 125/145

INTRADAY TIPS FOR 01 SEPTEMBER 2010

GOOD MORNING!!!

MARKETS WERE ON A SEE-SAW MOVE RIGHT FROM THE BEGINNING OF THE TRADE, VOLATALITY RULED THE ROOST AS THE INDICES HAVE ERASED THE ENTIRE INTRADAY LOSSES IN THE LATE TRADE. INITIAL DOWNFALL IN THE MARKETS WERE TRIGGERED ON DATA SHOWING STRONG ECONOMIC EXPANSION IN THE FIRST QUARTER, THE ECONOMY EXPANDED AT THE FASTEST PACE IN TWO AND HALF YEARS IN Q1 JUNE 2010. THOUGH WEAKNESS PERSISTED ALL OVER THE WORLD INDICES MARKETS STILL MANAGED TO REBOUND, DESPITE MARKET TURNING TO CLOSE AROUND POSITIVE ZONE MARKET WAS WEAK AS ALMOST ALL THE SECTORAL INDICES WERE IN RED.

TODAY MARKETS WOULD REMAIN FLAT. GLOBAL MARKETS ARE MIXED WE MAY SEE OUR MARKETS TO REMAIN FLAT. IF NIFTY TRADES ABOVE 5424 THEN LIKELY TO MOVE UP TO 5450 AND BREAK ABOVE THIS POINT WOULD LEAD TO 5470. ON THE DOWN SIDE IF NIFTY TRADES BELOW 5389 THEN LIKELY TO COME DOWN TO 5356 AND TRADE BELOW THIS LEVEL WOULD TAKE IT FURTHER DOWN TO 5306 AND THEN TO 5240.

BUY UNITED SPIRITS SL 1429 TGT 1447/1467/1479
BUY RANBAXY SL 489 TGT 496/499/506
BUY AMBUJA CEMENTS SL 125 TGT 127.7/129.5/132
BUY KAVERI TELE SL 139.5 TGT 143.8/146.3/150
BUY AP PAPER SL 201.70 TGT 217/228/242
POSITIONAL TRADES
BUY AXIS IT &T TGT 100/120