INTRADAY TIPS FOR 20 SEPTEMBER 2010

GOOD MORNING!!!

KEY INDICES OPENED ON A FIRM NOTE, TRACKING GAINS IN ASIAN STOCKS MARKET YET AGAIN SURGED TO THE NEW HIGHS OF 32 MONTHS. MARKETS CAME OFF THE HIGHS SOON AFTER HITTING THE HIGHS AND LATER REGAINED STRENGTH IN THE MID AFTERNOON TRADE. THE MARKET BREADTH WAS STRONG ALL THE SECTORAL INDICES WERE IN POSITIVE BANKING AND TELECOM GAINED ON FRESH BUYING. MARKETS WERE VERY VOLATILTE, BUT REMAINED IN A POSITE ZONE. FIRM GLOBAL STOCKS AND DATA SHOWING HEAVY BUYING BY FOREIGN FUNDS RECENTLY, UNDERPINNED SENTIMENTS. ALL IN ALL MARKETS WERE ON A VERY POSITIVE ZONE WITH A PREMIUM OF ALMOST 27 POINTS IN NIFTY, THERE WAS HEAVY BUYING SEEN AT THE END OF THE TRADING SESSION.

TODAY MARKETS WOULD TRADE IN A NARROW RANGE, WE MAY SEE VERY STOCK SPECIFIC MOVES IN THE MARKETS, THERE MIGHT BE SOME RETRACEMENT IN METALS AND CEMENT COUNTERS. IF NIFTY TRADES ABOVE 5900 THEN LIKELY TO MOVE UP TO 5920 LEVELS AND ANY BREAK ABOVE 5920 WOULD TAKE NIFTY TO 5950 AND THEN TO 5980 LEVELS. WE CAN SEE NIFTY TO DIP DOWN TO 5800/5700/5650 LEVELS ON THE MEDIUM TERM ON RETRACEMENT. ON THE NEGATIVE SIDE IN INTRADAY IF NIFTY TRADES BELOW 5880 LIKELY TO MAKE A DOWN MOVE TO 5857 AND BREAK BELOW THIS POINT WOULD SLIDE DOWN 5832 LEVELS AND ANY CLOSE BELOW 5832 WOULD LEAD NIFTY TO NEGATIVE ZONE. ONE HAS TO BEAR IN MIND THAT THERE IS VERY LIMITED OPPORTUNITY ON THE UPSIDE AND ANY TRADE ON THE POSITIVE ZONE ONE HAS TO CLEAR IT IN INTRADAY AND DON’T CARRY TOO MANY POSITIONS IN THE PORTFOLIO. AVOID TAKING NEW POSITIONS EXPECT FOR STOCK SPECIFIC AND NOT MORE THAN 25% OF THE CAPITAL ONE IS ADVISED TO STAY WITH ATLEASET 70% OF THE CASH.

BUY RANBAXY ABOVE 539 SL 534 TGT 545/549/557
BUY BHUSHAN STEEL SL 2107 TGT 2137/2150/2162

INTRADAY TIPS FOR 17 SEPTEMBER 2010

GOOD MORNING!!!

INDICES SCALED TO THE NEW HIGHS OF 32 MONTHS IN THE EARLY TRADE EXTENDING ITS RECENT SURGE BUT LATER EDGED LOWER AFTER A SEVEN STRAIGHT SOLID SURGE ON PROFIT BOOKING. THIS HAS SNAPPED THE WINNING STREAK IN THE MARKETS, THIS WAS MAJORLY TRIGGERED BY WEAK EUROPEAN STOCKS AND US FUTURES WHICH HAS WEIGHED ON INVESTORS SENTIMENT TO BOOK PROFIT. THE VOLATILITY DURING THE TRADE WAS IMMENSE MARKETS HOVERED IN A BROAD RANGE BAND. MARKET BREADTH TURNED WEAK. BANKING, REALITY SHARES ROSE AFTER THE RBI SIGNALED ALMOST A PAUSE IN ITS CURRENT TIGHTENING CYCLE. METALS STOCKS DECLINED TRACKING DECLINE IN METALS STOCKS IN LME. IT STOCKS DECLINED ON FACTORS OF SLOW ECONOMIC RECOVERY AROUND THE GLOBE. ALL IN ALL THE MARKET BREADTH WAS WEAK AND MARKETS CLOSED ALMOST ON THE LOWER LOWS OF THE TRADE.

TODAY IF NIFTY TRADES BELOW 5826 THEN LIKELY TO DIP DOWN TO 5793 AND BREAK BELOW THIS POINT WOULD TAKE NIFTY TO 5760 LEVELS AND ANY CLOSE BELOW 5793 IS CONSIDERED TO BE A NEGATIVE CLOSING IN THE MARKET AND ONE CAN SEE FURTHER DECLINE AND DOWNSIDE RALLY MAY CROP IN WHICH MAY NOT BE VERY AGGRESSIVE BUT WOULD BE ON THE RETRACEMENT FRONT AS INDICES HAVE SURGED ALMOST BY 560 POINTS IN LAST 12 TRADING SESSIONS SO EVEN IF THE MARKET IS ON THE RETRACEMENT FRONT WE MAY SEE NIFTY TO TOUCH 5784 AS A FIRST TARGET AND THEN 5704 SO WE CAN EXPECT NIFTY TO TOUCH 5704 LEVELS IN THE NEXT FEW TRADING SESSIONS, WE MAY SEE NIFTY TO TAKE SUPPORT ON THE DOWNSIDE IN INTRADAY AROUND 5784 LEVELS AND THEN AT 5704 LEVELS. ON THE UPSIDE IF NIFTY TRADES ABOVE 5867 THEN LIKELY TO MAKE AN UPMOVE TO 5890 AND BREAK ABOVE THIS POINT WOULD INCH HIGHER TO 5920 LEVELS AND ANY CLOSE ABOVE 5900 WE CAN SEE NIFTY TO SURPRISE THE MARKET ON THE UPSIDE.

INTRADAY TIPS FOR 16 SEPTEMBER 2010

GOOD MORNING!!!

INDICES GAINED YET AGAIN FOR THE STRAIGHT SEVENTH DAY ON HEAVY BUYING BY FOREIGN FUNDS. INDICES OPENED HIGHER HITTING FRESH 32 MONTH HIGH ON THE INDICES AND THEN MARKET PAIRED GAINS AND REMAINED VOLATILE TILL THE END OF THE SESSION AFTER A BOUNCE BANK. WE HAVE SEEN HEAVY WEIGHT RELIANCE EDGED HIGHER AND ICICI BANK REVERSING ITS GAINS, WE HAVE WITNESSED BUYING INTEREST IN IT, FMCG AND METAL STOCKS WHILE AUTO DECLINED BUT MAJORITY OF THE SECTORAL INDICIES WERE IN GREEN. WE HAVE SEEN RS 7092.04 CRORE IN THE FIRST FEW DAY IN THIS MONTH WHICH TOTALED RS 26587.14 CRORES. THE NEXT TRIGGERS IN THE MARKET WOULD BE ADVANCED TAX AND THE OTHER ONE WOULD BE THE CENTRAL BANK MID TERM POLICY REVIEW EXPECTED TO BE TODAY.

TODAY WE MAY SEE NIFTY TO OPEN NEGATIVE ON THE CONCERNS OF CENTRAL BANK POLICY REVIEW WE MAY ALSO SEE BANKING STOCKS TO REMIAN UNDER PRESSURE. IF NIFTY TRADES BELOW 5842 THEN WE MAY SEE NIFTY TO DECLINE TO 5816 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 5792 LEVELS AND ANY CLOSE BELOW 5792 WOULD DRAG DOWN TO 5760 LEVELS. ON THE UPSIDE IF NIFTY TRADES ABOVE 5875 THEN LIKELY TO INCLINE TO 5900 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD FACE RESISTANCE AT 5920 LEVELS ANY CLOSE ABOVE 5900 WILL TAKE NIFTY TO 5976 LEVELS. STAY CAUTIOUS ON THE UPSIDE.

BUY FT SL 1414 TGT 1446/1467/1497 (SHORT TERM 1550)
BUY SIEMENS ABOVE 763 SL 758 TGT 769/776/785
POSITIONAL TRADES
BUY LIC HSG TGT 1500
BUY SIEMENS TGT 814

INTRADAY TIPS FOR 15 SEPTEMBER 2010

GOOD MORNING!!!

MARKETS OPENED FIRM ONLY ON THE DATA SHOWING BUYING BY FOREIGN FUNDS ON MONDAY. MARKETS ROSE FOR THE STRAIGHT FOR THE STRAIGHT SIXTH DAY HITTING NEW HIGHS OF ALMOST 32 MONTHS, NIFTY HAS GONE UP BY 445 POINTS IN THIS CALENDAR MONTH. CONTINUOUS, SUSTAINED AND HEAVY BUYING BY FOREIGN FUNDS HAVE IGNITED RETAIL INVESTORS TO JOIN THE RALLY WHICH HAS PAVED WAY FOR NIFTY TO SCALE TO NEW HIGHS OF 32 MONTHS, IN THE PAST TWO TRADING SESSION FII’S HAVE BOUGHT IN HUGE QUANTITIES WHICH HAVE MADE RETAIL INVESTORS TO JOIN THE RALLY AND HUGE SHORT COVERINGS ALSO WERE UNWINDED TRACKING THE FIIS BUYING INTEREST. ANOTHER POSITIVE POINT IN THE MARKET WAS EASING OF INFLATION DATA WHICH HAS HELPED STOCKS TO INCH HIGHER. WE HAVE SEEN ONLY LARGE CAPS MOVING IN THE LAST TRADING SESSIONS AND WE HAVE ALSO WITNESSED SOME PROFIT BOOKING TAKING PLACE IN MIDCAPS AND SMALL CAPS. THOUGH MARKETS SCALED TO NEWS HIGHS THE BREADTH OF THE MARKET HAS WEAKENED.

TODAY MARKETS WOULD OPEN FLAT AND MAY REMAIN IN RANGE BOUND, EVERY SMALL UPSIDE WOULD TRIGGER PROFIT BOOKING AND WE MAY BE VERY NARROWLY RANGE BOUND ON THE UPSIDE UNTIL IT BREACHS 5834 LEVELS. IF NIFTY TRADES ABOVE 5834 THEN WE CAN SEE NIFTY TO GO UP TO 5868. ON THE DOWNSIDE IF NIFTY TRADES BELOW 5788 THEN WE CAN SEE NIFTY TO SLIDE DOWN TO 5765 AND TRADE BELOW 5765 LEVELS WOULD THEN TAKE NIFTY TO 5727. ONE HAS TO BE VERY CAUTIOUS ON THE UPSIDE THOUGH WE HAVE APPETITE ON THE UPSIDE IN FEW STOCK SPECIFIC COUNTERS THERE ARE MANY FRONT END STOCKS WHICH HAS REACHED THEIR PEAKS AND LIKELY TO DECLINE AT ANY POINT.

BUY RAMA NEWSPRINT SL 20 TGT 20.80/21.35/22.20
BUY DLF SL 338.90 TGT 343/345.90/349
BUY VGUARD SL 201 TGT 212/219/230
BUY VAKRANGEE SOFTWARE SL 246.7 TGT 259.9/268/282
BUY CESC SL 421.25 TGT 430/436/440

RISKY TRADERS CAN TAKE THESE OPTIONS WITHOUT STOPLOSS
BUY INFOSYS 2950 PA BELOW 38
BUY DISH TV 55 PA BELOW 0.75
BUY ICICI BANK 1060 PA BELOW 17
BUY SBI 3050 PA BELOW 64
BUY BANK NIFTY 11500 PE BELOW 90

INTRADAY TIPS FOR 14 SEPTEMBER 2010

GOOD MORNING!!!

FACTORS EFFECTING THE MARKETS ON LAST DAY WERE MAJORLY BECAUSE OF INDUSTRIAL PRODUCTION GROWTH, FIRM GLOBAL CUES, SUSTAINED BUYING INTEREST FROM FOREIGN FUNDS HAS ENDED THE DAY ON THE DOMESTIC BOURSES TO THE HIGHEST INTRADAY GAINS IN THE RECENT PAST. MARKETS STRUCK TO HIGHEST LEVELS NEARLY 32 MONTHS ALL THE SECTORAL INDICES ON THE EXCHANGE WERE TRADING IN GREEN AND WERER TRADING HIGHER. BANKING, REALITY, METAL, OIL AND GAS LEADING THE GAINS. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES SURGED. BANKING INCHING HIGHER EVERY DAY AND NOW SCALED TO THE NEW RECORD HIGH. INITIALLY MARKETS OPENED HIGHER ON THE ONSET AND CONTINUED ITS JOURNEY VERY STRONGLY TAKING THE INDICES INCH BY INCH ON A VERY STRONG NOTE WITHOUT GIVING ANY SCOPE FOR RETRACEMENT, THE MARKET HAS HIT FRESH INTRADAY HIGH IN AFTERNOON TRADE ON POSITIVE START FROM EUROPEAN MARKETS.

TODAY MARKETS WOULD OPEN FLAT AND CONTINUE TO REMAIN IN RANGE BOUND IF NIFTY TRADES ABOVE 5780 THEN LIKELY TO FACE RESISITANCE AROUND 5800 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5834. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5759 THEN LIKELY TO COME DOWN TO 5732 AND THEN TO 5706 ANY BREAK BELOW 5700 WOULD TAKE NIFTY TO 5636 LEVELS. STAY CAUTIOUS AT HIGHER LEVELS.

BUY AMBUJA CEMENTS SL 138.4 TGT 141.20/143.45/144.80 (SHORT TERM 175)
BUY JUPITER BIOSCIENCE SL 122.70 TGT 130/136/139
BUY HCL INFOSYS SL 130.50 TGT 136/139/141
BUY ORIENT PAPER SL 64.35 TGT 65.30/65.70/66.60 (SHORT TERM 75)*

POSITIONAL TRADES
BUY HINDALCO TGT 260

INTRADAY TIPS FOR 13 SEPTEMBER 2010

GOOD MORNING!!!

STOCKS WERE VOLATILE. THE MARKET INCHED HIGHER IN THE OPENING AND HAS HIT 31 MONTH HIGH ON THE INDICES AND STARTED GIVING AWAY ALL THE INTRADAY GAINS AND STARTED RECOVERING FROM MID AFTERNOON TRADE AS EUROPEAN STOCKS AND US INDEX FUTURES MOVED INTO THE GREEN FROM RED. THE MARKETS AGAIN CUT GAINS, SOON AFTER HITTING A FRESH 31-MONTH HIGH IN LATE TRADE STILL MANAGED TO CLOSE ON A VERY POSITIVE NOTE. BANKING, REALTY, TEA, CONSUMER DURABLES AND CAPITAL GOODS STOCKS ROSE. DATA SHOWING SUSTAINED BUYING OF INDIAN STOCKS BY FOREIGN FUNDS AND GOOD MONSOON RAINS, UNDERPINNED SENTIMENTS. THE MARKET BREADTH WAS POSITIVE, HAVING WEAKENED FROM A STRONG BREADTH EARLIER IN THE DAY.

TODAY MARKETS LOOK POSITIVE ON GLOBAL CUES AND A POSITIVE IIP DATA ON FRIDAY WOULD IGNITE MARKETS IN THE OPENING TRADE, WE WOULD INCH HIGHER IN THE OPENING BELL AND CONTINUE TO REMAIN IN A RANGE BOUND ON POSITIVE BIAS. IF NIFTY TRADES ABOVE 5640 THEN LIKELY TO MOVE UP TO 5674 LEVELS AND BREAK ABOVE IT MAY TAKE NIFTY TO 5693 LEVELS WHICH WILL ACT AS A TOUGH RESISTANCE ANY CLOSING ABOVE THIS POINT WOULD SEE FURTHER INCLINE IN NIFTY TO 5776. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5622 THEN WE MAY SEE NIFTY TO DIP DOWN TO 5592 AND BREAK BELOW THIS LEVEL WOULD TAKE FURTHER DOWN TO 5557 LEVELS ANY CLOSE BELOW 5592 WE CAN CONSIDER NIFTY TO BE WEAK. STRONG IIP NUMBERS, POSITIVE CLOSING OF AMERICAN MARKETS, POSITIVE START OF ASIAN INDICES, SUSTAINED BUYING INTEREST FROM FOREIGN INVESTORS GOOD MONSOONS RAINS ARE THE KEY FACTORS IN MARKETS ON THE POSITIVE FRONT, ONE HAS TO REMEMBER THAT ANYTIME WHEN MARKET IS MOVING IT TAKES ALL FRONT END STOCKS TO THE NEW HIGHS AND CONSOLIDATES THEN WE SEE AN UPMOVE IN MIDCAPS AND THEN LASTLY IN THE SMALL CAPS WHEN THE SMALL CAPS GIVES A RUN UP IT IS A HINT TO AN INVESTOR TO STAY AWAY FROM MARKETS AS WE MAY SEE A WAVE OF DECLINE SO WHEN YOU SEE SMALL CAPS RUNNING UP HIGHER THEN IT IS ADVISED TO STAY AWAY FROM THE MARKETS AND ESPECIALLY FROM THE PENNY STOCKS AS YOU WONT GET THE VALUE FOR IT , IF YOU HAVE ANY GOOD FUNDAMENTALLY STRONG COMPANY IN YOUR HAND THEN EVEN IN THE DECLINE WE MAY SEE IT TO INCH HIGHER ON FAST TRACK SO ADVISED TO STAY AWAY FROM PENNY STOCKS AT THE CURRENT LEVELS. FERTILIZERS, BANKING, CEMENTS AND PHARMA STILL LOOKS GOOD ON CHARTS.

BUY PAREKH ALUMINIUM SL 495.7 TGT 522/542/571
BUY BANK OF INDIA SL 487.70 TGT 499/509/518
BUY GODREJ IND SL 242.40 250/254/262
BUY VOLTAS SL 226 TGT 230/234/237*
BUY FEDERAL BANK SL 371 TGT 376/378.65/381.5 (SHORT TERM 425)
POSITIONAL TRADES
BUY ULTRATECH CEMENTS TGT 1150/1265

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