INTRADAY TIPS FOR 24 NOVEMBER 2010

GOOD MORNING!!!

INDICES TUMBLED AT THE ONSET OF THE TRADING SESSION AS ASIAN STOCKS FELL ON LINGERING WORRIES ABOUT EUROPE'S DEBT CRISIS. WEAKNESS PERSISTED IN MORNING TRADE, BUT THE INDICES PARED LOSS ON BARGAIN HUNTING. A BOUT OF VOLATILITY WAS WITNESSED IN MID-MORNING TRADE. THE MARKET SLUMPED IN EARLY AFTERNOON TRADE ON THE REPORTS NORTH AND SOUTH KOREA FIRED ARTILLERY SHELLS AT AN ISLAND NEAR THE TWO NATIONS WESTERN BORDER. THE MARKETS COMPLETELY LOST ITS GROUND AS NORTH KOREA REPORTEDLY FIRED ARTILLERY SHELLS ACROSS ITS WESTERN MARITIME BORDER, PROMPTING RETURN FIRE FROM SOUTH KOREA. AT LEAST FOUR SOLDIERS ARE SAID TO HAVE BEEN HURT. MEANWHILE, SOUTH KOREA HAS ISSUED ITS HIGHEST NON-WARTIME ALERT IN RESPONSE. REPORTS INDICATED THAT TODAY'S INCIDENT IS ONE OF THE MOST SERIOUS INCIDENTS BETWEEN THE TWO SINCE THE KOREAN WAR IN THE 1950S. THE INCIDENT COMES DAYS AFTER NORTH KOREA REVEALED IT HAD A MODERN URANIUM ENRICHMENT PLANT, POTENTIALLY GIVING IT A SECOND ROUTE TO A NUCLEAR WEAPON. MARKET STARTED RECOVERING AFTER HITTING TWO MONTH LOW IN THE INDICES.

TODAY MARKETS WOULD OPEN FLAT TO NEGATIVE AND REMAIN UNDER PRESSURE AND WE MAY SEE LOT OF VOLATALITY AS THE TRADE PROCEEDS AS WE ARE NEARING EXPIRY. IF NIFTY TRADES BELOW 5910 THEN LIKELY TO TRADE DOWN TO 5868 LEVELS AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY DOWN TO 5826 AND ANY CLOSE BELOW 5826 WE CAN SEE NIFTY TO COME DOWN BY MORE THAN 5700 AND THEN TO 5540 ANY CLOSE BELOW 5840 WE HAVE SUPPORT ONLY AT 5540 LEVELS SO ONE HAS TO STAY CAUTIOUS IF MARKET BREACHES 5840 LEVELS. ON THE POSITIVE SIDE IF WE HAPPENED TO MOVE UP ONE IS ADVISED TO STAY AWAY UNTIL THE EXPIRY IS OVER. WE HAVE SEEN NIFTY CLOCKING THE HIGHEST VOLUMES IN THE LAST NINE MONTHS OF TRADE THOUGH IT WAS A GREAT AFTERNOON OF RECOVERY WITH BUYING INTEREST SHOWN WITH VOLUMES ONE HAS TO STAY CATIOUS ON BUYING SIDE SINCE THE MARKETS HAVE SHOWN A NEGATIVE TREND ON THE MEDIUM TERM BASIS IT IS WISE TO AVOID BUYING AT THIS STAGE. MAY BE WE HAVE TO SEE THAT WHETHER IT IS A BUYING ON THE BARGAIN HUNT OR JUST RECOVERY ON THE EXPIRY FRONT. I WOULD SUGGEST ONE SHOULD STAY AWAY FROM MARKETS TILL NIFTY CLOSES ABOVE 6014 LEVELS ON A SHORT TERM NOTE. ONE CAN GO SHORT AT HIGHER LEVELS IN THE MARKET KEEPING 6014 AS STOPLOSS. SHIPPING AND FERTILIZER STOCKS LOOKS GOOD FOR INTRADAY.

ONE CAN ONLY RISK BUYING CALLS FOR THE CURRENT MONTH WHOSE EXPIRY IS TOMORROW AS THE PREMIUM YOU PAY WOULD BE VERY LESS AND THAT TOO STOCK SPECIFIC CALLS AND NOT INDEX WHEN MARKETS SLIDES DOWN (IFCI AND TATASTEEL CAN BE LOOKED AT WHEN MARKETS FALL)

POSITIVE STOCKS BAJAJ AUTO, DISH TV, SANGAM (I)

INTRADAY TIPS FOR 23 NOVEMBER 2010

GOOD MORNING!!!

THE MARKETS OPENED ON A FIRM NOTE TRACKING ASIAN STOCKS WHICH ROSE AFTER IRELAND ON SUNDAY, 21 NOVEMBER 2010, FORMALLY APPLIED FOR AID FROM THE EUROPEAN UNION AND THE INTERNATIONAL MONETARY FUND. A BOUT OF VOLATILITY WAS WITNESSED AS THE KEY BENCHMARK INDICES LATER PARED GAINS. MARKETS TOOK OFF AGAIN IN THE MID-MORNING TRADE THERE WAS GREAT AMOUNT OF FIRMNESS SEEN IN AFTERNOON TRADE. THE MARKET STRUCK A FRESH INTRADAY HIGH IN AFTERNOON TRADE. BUYING INTENSIFIED IN THE MID-AFTERNOON TRADE. INDICES BOUNCED BACK FROM TWO-MONTH LOWS AS INVESTORS EMBRACED RISK, BUOYED BY NEWS THAT THE EUROPEAN UNION AND THE INTERNATIONAL MONETARY FUND ARE PREPARED TO PROVIDE AID FOR DEBT-LADEN IRELAND FOLLOWING THE COUNTRY'S FORMAL REQUEST FOR ASSISTANCE. THE STRONG BUYING MOMENTUM HELPED NIFTY SURPASS THE PSYCHOLOGICAL BARRIER OF 6,000 MARK. ALMOST ALL THE SECTORAL INDICES ON THE WERE IN POSITIVE ZONE. BANKING, CONSUMER DURABLES AND IT STOCKS LED THE RALLY. CAPITAL GOODS AND HEALTHCARE STOCKS LAGGED THE RALLY. MARKET BREADTH INDICATING THE HEALTH OF THE MARKET, WAS STRONG.

TODAY IF NIFTY TRADES ABOVE 6020 THEN LIKELY TO MAKE ITS UPWARD JOURNEY TO 6045 AND THEN TO 6070 LEVELS AND ANY BREAK ABOVE 6070 IT WILL IMMEDIATELY TAKE NIFTY TO 6090 AND ANY BREAK ABOVE THIS POINT WE CAN SEE NIFTY TO MUCH HIGHER LEVELS, ANY CLOSE ABOVE 6035 IS CONSIDERED TO BE BULLISH AND ONE IS ADVISED TO EXIT ALL SHORTS AND CONVERT YOURSELF INTO LONGS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 6000 THEN LIKELY TO MAKE ITS DOWNWARD JOURNEY TO 5974 AND BREAK BELOW THIS LEVEL WILL DRAG NIFTY TO 5945 LEVELS AND ANY TRADE BELOW 5945 WILL TAKE NIFTY TO 5900 LEVELS ONE IS ADVISED TO STAY CAUTIOUS AS THERE WOULD BE HIGH VOLATALITY AS WE ARE NEARING EXPIRY. ONE IS ADVISED TO SHORT IF NIFTY TRADES BELOW 6035 LEVELS WITH A STOPLOSS OF 6035 AND CONVERT TO LONG IF IT IS ABOVE 6035 LEVELS. IN THE NEAR-TERM, YEAR-END PROFIT TAKING MAY CAP THE UPSIDE ON THE DOMESTIC BOURSES. A NUMBER OF STOCKS HAVE CLOCKED DECENT TO STRONG GAINS THIS YEAR. FUNDS BASED IN US AND EUROPE FOLLOW CALENDAR YEAR AS THEIR ACCOUNTING YEAR. STAY VERY CAUTIOUS.

ONE IS STILL ADVISED TO STAY AWAY FROM LONGS DON’T BUILD IN TOO MANY POSITIONS IN THE MARKETS AS THERE IS NO MUCH STRENGTH SEEN EVEN AFTER STOCKS RALLIED QUITE HIGH LAST DAY, THERE IS EVERY POSSIBILITY THAT MARKETS MAY COME DOWN ALL OF A SUDDEN SO DON’T TAKE TOO MANY POSITIONS BUT BE WITH THE TREND.

INTRADAY TIPS FOR 22 NOVEMBER 2010

GOOD MORNING!!!

MARKETS OPENED FIRM COULDN’T HOLD THE STRENGTH AS CHINESE STOCKS FELL ON RATE HIKE WORRIES. IT HIT INTRADAY LOWS AND THEN TRIMMED LOSSES TO CERTAIN EXTENT, MARKETS LOST GROUND AFTER RECOUPING ALMOST ALL THE EARLIER LOSSES OF THE DAY AND EXTENDED LOSSES IN THE LATE TRADE AND RECORDED FRESH INTRADAY LOWS AT THE FAG END OF THE TRADING SESSION. INTRADAY VOLATILITY WAS HIGH AS TRADERS ROLLED OVER POSITIONS IN THE DERIVATIVES SEGMENT FROM THE NEAR-MONTH NOVEMBER 2010 SERIES TO DECEMBER 2010 AHEAD OF THE EXPIRY OF THE NOVEMBER 2010 CONTRACTS ON THURSDAY, 25 NOVEMBER 2010. THE MARKET BREADTH WAS WEAK, BANKING, CONSUMER DURABLES, IT, METAL AND REALTY STOCK FELL. THERE ARE LOT OF PESSIMISTIC VIEW BY INVESTORS ON THE MARKETS AND NOT WILLING TO HOLD LOT OF POSITIONS IN THE STOCKS ON WEAK EUROPE SENTIMENT. THE MARKET BREADTH, INDICATING THE HEALTH OF THE MARKET, WAS WEAK, IN CONTRAST WITH A POSITIVE BREADTH IN EARLY TRADE.

TODAY MARKETS LOOK BROADLY RANGE BOUND, WE MAY WITNESS LOT OF VOLATILITY AHEAD OF EXPIRY THIS WEEK ONE NEEDS TO STAY CAUTIOUS AS MARKETS MAY BE VIOLENTLY VOLATILE. IF NIFTY TRADES BELOW 5860 THEN LIKELY TO MAKE ITS DOWNWARD JOURNEY TO 5840 LEVELS AND BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5800 AND THEN TO 5750, NIFTY HAS A BREACHED MAJOR SUPPORTS ON THE LAST TRADING DAY WHICH IS NEGATIVE FOR THE MARKETS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5925 ONLY THEN ONE CAN GO SHORT ON INTRADAY TERMS 5960 AND THEN TO 5980 ANY CLOSE ABOVE 5980 IS CONSIDERED TO BE NIFTY HAS TAKEN SUPPORT IN THE MARKET AND WE CAN HEAD TOWARDS LITTLE HIGHER ZONES BUT ONE IS ADVISED TO STAY AWAY FROM LONGS AS MARKETS ARE STILL UNDER PRESSURE.

NO RECOS FOR THE DAY

INTRADAY TIPS FOR 19 NOVEMBER 2010

GOOD MORNING!!!

THE MARKET PARED GAINS AFTER A FIRM START, IT SLIPPED INTO THE RED IN MORNING TRADE. THE MARKET CUT LOSSES AFTER FALLING SHARPLY TO HIT FRESH INTRADAY LOW IN MID-MORNING TRADE. THE MARKET REGAINED POSITIVE ZONE IN EARLY AFTERNOON TRADE. THE MARKET PARED GAINS IN AFTERNOON TRADE. THE MARKET REGAINED POSITIVE ZONE AFTER SLIPPING INTO THE RED FOR A BRIEF PERIOD IN MID-AFTERNOON AS EUROPEAN STOCKS ROSE IN EARLY TRADE. THE MARKET SLIPPED INTO THE RED FOR A BRIEF PERIOD IN LATE TRADE. IT WAS A HIGHLY VOLATILE TRADE ON FIRM GLOBAL STOCKS. STOCKS ROSE ACROSS THE GLOBE ON EXPECTATIONS THAT IRELAND WILL SOON ACCEPT A BAILOUT PACKAGE FROM THE EUROPEAN UNION AND INTERNATIONAL MONETARY FUND. THE MARKET BREADTH WAS WEAK, IN CONTRAST WITH A STRONG BREADTH IN EARLY TRADE. MID AND SMALL-CAP STOCKS WITNESSED SELLING PRESSURE. METAL AND AUTO STOCKS ROSE WHILE BANKING STOCKS FELL. INTRADAY VOLATILITY WAS HIGH AS TRADERS ROLLED OVER POSITIONS IN DERIVATIVES SEGMENT FROM THE NEAR MONTH NOVEMBER 2010 SERIES TO DECEMBER 2010 SERIES AHEAD OF THE EXPIRY OF THE NOVEMBER 2010 CONTRACTS NEXT THURSDAY, 25 NOVEMBER 2010.

TODAY NIFTY WOULD BE RANGE BOUND AND HIGHLY VOLATILE, THOUGH GLOBAL CUES ARE POSITIVE WE MAY NOT REALLY FOLLLOW THE TREND OF THE GLOBAL MARKETS ON THE TELECOM ISSUE GOING, WE WOULD OPEN NEGATIVE ON THE OPENING NOTE WITH ALL THE TELECOM STOCKS GETTING INTO PRESSURE. IF NIFTY TRADES BELOW 5996 THEN ONE CAN SEE NIFTY TO COME DOWN TO 5966 AND THEN TO 5940 LEVELS AND ANY BREACH BELOW 5940 WOULD DRAG NIFTY TO MUCH LOWER LEVELS. ON THE POSITIVE SIDE IF NFITY TRADES ABOVE 6068 THEN LIKELY TO MAKE AN UPMOVE TO 6100 AND ANY BREAK ABOVE THIS LEVEL WOULD TAKE NIFTY TO 6126 AND ANY CLOSE ABOVE 6115 ONE SHOULD EXIT ALL THE SHORTS AND GO LONG. WE SHOULD BE POSITIONALLY SHORT AS OF NOW. TODAY THERE FEW TELECOM STOCKS WOULD BE UNDER TREMENDOUS PRESSURE, STOCKS LIKE RCOM, VIDEOCON, UNITECH AND FEW OTHER WOULD BLEED IN THE INITIAL TRADE AND CONTINUE TO BLEED TILL THE SAGA OF RAJA ENDS. ONE CAN SHORT THE ABOVE MENTIONED STOCKS AND HOLD IT.

BUY BATA(I) SL 385 TGT 395/400/405
BUY CIPLA SL 353 TGT 360/365/368
SELL SKS MICRO FINANCE SL 656 TGT 618/600/585
SELL RCOM SL 156 TGT 149/145/138 (SHORT TERM 120)
SELL VIDEOCON SL 240 TGT 233/227/224

INTRADAY TIPS FOR 18 NOVEMBER 2010

GOOD MORNING!!!

INDICES LOWERED IN EARLY TRADE TRACKING THE ASIAN INDICES, MARKET THEN MOVED IN A NARROW RANGE WITH A NEGATIVE BIAS, INDICES WEAKENED ONCE AGAIN AFTER RECOUPING MOST OF THE INITIAL LOSSES IN MID-MORNING TRADE AS WEAK ASIAN STOCKS DAMPENED INVESTOR SENTIMENT. THE MARKET SLUMPED IN EARLY AFTERNOON TRADE AS CHINESE STOCKS TUMBLED. THERE WAS LITTLE RECOVERY SEEN FROM THE LOWEST LEVELS OF THE DAY ON BARGAIN HUNT WHICH MADE INDICES TO CLOSE LITTLE ABOVE THE LOWEST POINT OF THE DAY.
MAJOR CAUSES OF DECLINE ARE
(A) A POSSIBLE RATE HIKE IN CHINA
(B) CONCERNS OVER THE EUROPEAN SOVEREIGN DEBT CRISIS
(C) WORRIES THAT US FUNDS WILL CLOSE POSITIONS IN EMERGING MARKETS STOCKS AHEAD OF THE YEAR-END TO CASH IN ON RECENT GAINS THESE ARE THE ABOVE THREE ROOT CAUSES OF MAJOR DECLINE IN THE MARKETS. REALTY, BANKING, METAL, CONSUMER DURABLES AND CAPITAL GOODS STOCKS LED THE DECLINE. ALL THE SECTORAL INDICES WERE IN THE NEGATIVE ZONE AND THE MARKET BREADTH WAS WEAK.

TODAY MARKETS WOULD OPEN FLAT AND RANGE BOUND, METALS MAY STILL BE UNDER PRESSURE OVER THE CONCERNS IN CHINA. IF NIFTY TRADES BELOW 5975 THEN LIKELY TO DIP DOWN TO 5944 LEVELS AND BREACH BELOW THIS LEVEL WE CAN SEE NIFTY TO COME DOWN TO 5860 LEVELS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 6008 CAN MOVE UP TO 6040 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6079 LEVELS AND ONE IS ADVISED NOT TO GO LONG ON POSITIONAL FRONT AS NIFTY IS STILL WEAK AND ONE NEEDS TO STAY AWAY FROM IT ONE IS ADVISED TO SHORT AT HIGHER LEVELS IN NIFTY POSITIONALLY. IF YOU ARE ON THE LONG BASED ON THE ABOVE MENTIONED LEVELS ONE IS ADVISED TO STAY CAUTIOUS AND ONLY TRADE ON INTRADAY TERMS AND DO NOT CARRY FORWARD THE LONGS AT ANY COST.

BUY WINDSOR MACHINES SL 99.90 TGT 105/108/110
BUY EMKAY SL 113 TGT 119/121/123

INTRADAY TIPS FOR 16 NOVEMBER 2010

GOOD MORNING!!!

THE MARKET EDGED LOWER AFTER A FIRM START AS MOST ASIAN STOCKS FELL. INTRADAY VOLATILITY WAS HIGH, INDICES ONCE AGAIN SLIPPED INTO THE RED AFTER REVERSING INITIAL LOSSES TO HIT FRESH INTRADAY HIGHS IN MORNING TRADE. THE MARKET SLIPPED INTO THE RED AFTER RECOVERING SHARPLY FROM THE DAY'S LOW TO TURN POSITIVE FOR A BRIEF PERIOD IN MID-MORNING TRADE. THE MARKET REGAINED POSITIVE ZONE IN EARLY AFTERNOON TRADE. THE MARKET HIT A FRESH INTRADAY HIGH IN AFTERNOON TRADE. THE MARKET ONCE AGAIN SLIPPED INTO THE RED IN AFTERNOON TRADE AS EUROPEAN STOCKS FELL IN EARLY TRADE AND AS US INDEX FUTURES REVERSED INITIAL GAINS. THE MARKET SURGED TO FRESH INTRADAY HIGH IN LATE TRADE AS EUROPEANS STOCKS CAME OFF LOWS AND AS US INDEX FUTURES EDGED HIGHER. IMPROVED TRADE DATA AND EASING OF INFLATION IN OCTOBER 2010 ALSO HELPED TRIGGERED BARGAIN HUNTING AFTER FRIDAY'S (12 NOVEMBER 2010) 2.1% DROP IN THE SENSEX. INTRADAY VOLATILITY WAS HIGH. THE MARKET BREADTH WAS NEGATIVE, IN CONTRAST WITH A POSITIVE BREADTH EARLIER IN THE DAY. BANKING AND IT STOCKS ROSE. BANKING STOCKS JUMPED ON THE FOLLOWING GROUNDS (A) INFLATION FOR OCT MORE OR LESS IN LINE WITH THE MARKET EXPECTATIONS. (B) STATE BANK WAS UP ON REPORTS ABOUT ACQUISITION OF A BANK IN INDONESIA, AND EXPANDING ITS OPERATIONS IN SOUTH ASIA.

TODAY MARKETS MAY OPEN POSITIVE ON POSITIVE CLOSING OF INDIAN INDICES LAST DAY AND MAY FACE RESISTANCE AROUND 6169 LEVELS AND IF NIFTY BREAK ABOVE 6180 THEN LIKELY TO MOVE ABOVE 6191 AND BREAK ABOVE THIS POINT WOULD DRIVE NIFTY TO 6225 AND ANY CLOSE ABOVE 6237 WOULD TAKE NIFTY TO 6300 IN A DAY OR TWO. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 6111 THEN LIKELY TO COME DOWN TO 6071 AND BREAK BELOW THIS POINT WOULD SLIDE NIFTY 6038 LEVELS. ONE CAN SHORT NIFTY AT EVERY HIGHER LEVEL KEEPING 6237 AS STOPLOSS POSITIONALLY. STAY CAUTIOUS AT EVERY HIGHER LEVEL AS THERE IS EVERY POSSIBILITY THAT MARKETS MAY REACT VIOLENT IN THE PRESENT CONDITION. MARKETS ARE NOT VERY STRONG SO ADVISED TO STAY AWAY FROM LONGS UNTIL NIFTY BREACHES 6237.

BUY NAVNEET SL 65.40 TGT 68/69/70
BUY WOCKHARDT SL 405 TGT 425/443/453
SELL EDUCOMP SL 520 TGT 500/495/483 (STOCK IS WEAK POSITIONALLY)

INTRADAY TIPS FOR 15 NOVEMBER 2010

GOOD MORNING!!!

THE MARKET EDGED LOWER IN EARLY TRADE TRACKING WEAK GLOBAL MARKETS. IT SLIPPED INTO THE RED ONCE AGAIN AFTER A SHARP BOUNCE BACK FROM DAY’S LOW FOR A VERY SHORT SPAN OF TIME IN THE MORNING SESSION. MARKETS WEAKENED IN THE MID-MORNING IT EXTENDED LOSSES TO HIT FRESH INTRADAY LOWS IN EARLY AFTERNOON TRADE. FRESH SELLING DRAGGED THE MARKET TO DAY'S LOW IN AFTERNOON TRADE THIS FRESH SELLING WAS BROADLY BASED ON SELL OFF IN CHINESE STOCKS AS INVESTORS FRETTED BEIJING WILL TAKE NEW STEPS TO COOL THE WORLD'S NO. 2 ECONOMY AND GLOBAL LEADERS MEETING IN SOUTH KOREA PAPERED OVER CURRENCY TENSIONS. IN DOMESTIC NEWS, INDUSTRIAL OUTPUT RISING LOWER THAN FORECAST IN THE MONTH OF SEPTEMBER ALSO DAMPENED SENTIMENT. INDUSTRIAL OUTPUT IN SEPTEMBER 2010 ROSE AT A MUCH SLOWER-THAN-EXPECTED 4.4% FROM 8.2% A YEAR AGO, GOVERNMENT DATA RELEASED TODAY SHOWED. THE SEPTEMBER IIP DATA IS THE LOWEST IN 15 MONTHS. MEANWHILE, THE INDEX OF INDUSTRIAL PRODUCTION FOR AUGUST WAS REVISED UPWARDS FROM 5.6% TO 6.9%. MANUFACTURING GROWTH, WHICH CONSTITUTES 80% OF THE INDUSTRIAL OUTPUT, SLUMPED TO 4.5% IN SEPTEMBER 2010 FROM 8.3% IN SEPTEMBER 2009. THE MINING SECTOR GREW AT 5.2% AGAINST 7.4%, ELECTRICITY ROSE AT 1.7% AGAINST 7.5% WHILE CONSUMER DURABLES INCREASED 10.9% AGAINST 21.9%, IN SEPTEMBER 2010 OVER SEPTEMBER 2009.

TODAY MARKETS LOOK WEAK ON A VERY NEGATIVE CLOSING ON FRIDAY, WEAK GLOBAL CUES ALONG WITH WEAK OPENING IN ASIAN INDICES. TODAY IF NIFTY TRADES BELOW 6080 THEN LIKELY TO PLUNGE DOWN TO 6040 AND THEN TO 6000 LEVELS WHERE NIFTY MIGHT HAVE A GOOD SUPPORT AND ANY BREAK BELOW THIS LEVEL WOULD TAKE IT TO 5960. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 6130 ONE CAN THINK OF GOING LONG UNTIL THEN WISE TO STAY AWAY FROM LONGS, IF NIFTY BREAK ABOVE 6130 THEN LIKELY TO MOVE UP TO 6177 AND THEN TO 6200. ONE IS ADVISED TO STAY CAUTIOUS AT THIS STAGE ON THE POSITIVE SIDE. ONE CAN TAKE FRESH SHORT POSITION IF MARKETS GO UP WITH A STOPLOSS OF 6130 AND WHENEVER IT TRADES BELOW ONE CAN SHORT IT WITH 6130 AS STOPLOSS. MARKETS MAY SUCCUMB TO PRESSURE WHENEVER IT MOVES UP AND IF MARKETS SUSTAIN ABOVE 6130 THEN IT IS WISE TO STAY AWAY FROM THE MARKETS ON SHORT SIDE AS LIKELY TO INCLINE BY MORE THAN 200 POINTS THEN.

BUY TTK PRESTIGE SL 1606 TGT 1660/1700/1750 (SHORT TERM 1945/2600)
BUY ECLERX SL 654 TGT 677/690/700 (SHORT TERM 750/900)
BUY SUN PHARMA ADV RESEARCH ABOVE 102 SL 101 TGT 104/106/109