INTRADAY TIPS FOR 31 DECEMBER 2010

GOOD MORNING!!!

INDIAN EQUITY INDICES WITNESSED ANOTHER STABLE SESSION OF TRADE A DAY AFTER BREAKING THE JINX OF TRADING IN A NARROW BAND FOR THE PAST 10 DAYS OF TRADING ON CLOSING SESSION OF EXPIRY DAY. THE MARKETS GOT OFF TO A POSITIVE START DESPITE THE MIXED CUES FROM THE GLOBAL COUNTERPARTS. THE BOURSES MOVED IN A NARROW RANGE WITH A POSITIVE BIAS FOR MOST PART OF THE DAY’S BUT PICKED UP SOME STRENGTH IN DYING HOURS. THE FRONTLINE INDICES CONSOLIDATED AT HIGHER LEVELS FOR SECOND STRAIGHT DAY TO SHUT AT THE HIGH POINT OF THE DAY. THE MARKET BREADTH WAS POSITIVE; MEANWHILE, INVESTORS ONCE AGAIN SHRUGGED OFF THE CONCERNS OF RISING FOOD PRICE INFLATION. ACCORDING TO THE DATA RELEASED BY THE MINISTRY OF COMMERCE AND INDUSTRY, INDIA'S FOOD PRICE INDEX ROSE 14.14% ON ANNUAL BASIS DURING WEEK-ENDED DEC 18, SUBSTANTIALLY FASTER COMPARED WITH 12.13% IN THE WEEK-ENDED DEC 11 AND 9.46% IN THE PREVIOUS WEEK. GAINS REMAINED BROAD-BASED DURING THE SESSION WITH CONSUMER DURABLES, REALTY AND INFORMATION TECHNOLOGY COUNTERS ATTRACTING MAXIMUM TRACTION. THE BROADER INDICES TOO RALLIED WITH CONVICTION AS THE MID-CAP TOO MANAGED TO OUTCLASS.

TODAY MARKETS WOULD LIKELY BE ON A NARROW RANGE BOUND AHEAD OF WEAK END. TODAY IF NIFTY TRADES ABOVE 6116 THEN LIKELY TO TOUCH 6145 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6204 LEVELS AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 6094 THEN LIKELY TO COME DOWN TO 6068 LEVELS AND BREAK BELOW THIS POINT WOULD DRAG IT TO 6040 LEVELS AND ANY CLOSE BELOW 6025 IS CONSIDERED TO BE WEAK FOR THE DAYS AHEAD.

BUY GREAT OFFSHORE SL 390 TGT 397/400/406 *
BUY BINANI INDS SL 221 TGT 232/239/250

POSITIONAL TRADES
BUY SESAGOA TGT 360/385

WISH YOU AND ALL YOUR FAMILY A VERY HAPPY NEW YEAR.

MAY GOOD HEALTH, WEALTH AND PROPERITY SHOWER LIKE RAIN ON YOU AND YOUR FAMILY IN THE YEAR AHEAD. HAPPY 2011

INTRADAY TIPS FOR 30 DECEMBER 2010

GOOD MORNING!!!

INVESTORS SHRUGGED OFF FEARS OVER NEW FRAUD CASE IN THE COUNTRY WHICH HAS COME TO THE SURFACE, MARKETS GOT OFF TO A POSITIVE START THIS MORNING PROMPTED GLOBAL CUES WHICH REMAINED SUPPORTIVE THROUGHOUT THE SESSION. ALL ASIAN COUNTERPARTS, BARRING TAIWAN WEIGHTED, SHOWED STRENGTH IN TRADE. MOST OF THE EUROPEAN INDICES WERE ALSO TRADING HIGHER. THE US INDEX FUTURES WERE SHOWING UP-TICK IN SCREEN TRADE. ALL THESE FACTORS HELPED DOMESTIC EQUITY INDICES TO SCALE HIGHER INCH BY INCH, IT MANAGED TO BREAK THE JINX OF THE PAST FEW DAYS OF THE TRADE, LOT OF TRADERS SQUARED OFF THEIR SHORT POSITIONS AHEAD OF EXPIRY WHICH ALSO IGNITED THE MARKETS TO SCALE HIGHER. THOUGH INDICES MOVED IN A NARROW RANGE WITH A POSITIVE BIAS TILL MID-MORNING. HOWEVER, PICKED THE MOMENTUM ALONG WITH THE STRENGTH IN THE LATE-MORNING TRADES. MARKET BREADTH WAS POSITIVE CONSUMER DURABLES, FAST MOVING CONSUMER GOODS AND METAL COUNTERS ATTRACTING MAXIMUM ATTENTION.

TODAY MARKETS WOULD REMAIN VOLATILE AHEAD OF EXPIRY. IF NIFTY TRADES 6075 THEN LIKELY TO MAKE AN UP MOVE TO 6092 AND ANY TRADE ABOVE THIS POINT THOUGH HAVE SOME RESISTANCE AROUND 6104 LIKELY TO MOVE UP TO 6140 ONLY IF 6104 IS BROKEN AND TRADED AND ANY CLOSE ABOVE 6100 ONE HAS TO STAY CATIOUS ON BUILDING ANY SHORT POSITIONS FOR TIME BEING. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 6050 THEN LIKELY TO COME DOWN TO 6030 AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY TO 6014 AND THEN TO 5997 AND ANY CLOSE BELOW 6000 IS A NEGATIVE SIGN IN THE MARKETS, WHERE ONE CAN GO POSITIONAL SHORT FOR THE NEXT MONTH CONTRACT.

BUY HINDZINC SL 1326 TGT 1353/1368/1379
BUY PIPAVAV SL 83.40 TGT 84.50/85.25/86
BUY ITC SL 174 TGT 175.50/176.40/177.40
POSITIONAL TRADES
BUY JINDAL STEEL AND POWER TGT 766/860

INTRADAY TIPS FOR 29 DECEMBER 2010

GOOD MORNING!!!

ANOTHER SLUGGISH DAY OF TRADE IN THE INDIAN EXCHANGES, MARKETS STARTED THE SESSION WITH MODEST GAINS THIS MORNING TRACKING MIXED GLOBAL CUES. INDICES MOVED WITHIN A NARROW RANGE THAT TOO NEAR THE NEUTRAL LINE IN THE MORNING SESSION AND SIMILAR TREND CONTINUED TILL AFTERNOON MORNING SESSION. THE MARKETS WITNESSED SOME SELLING PRESSURE IN AFTERNOON TRADES, WHICH DRAGGED THEM TO DAY’S LOW. LATER INDICES RECOVERED FROM THEIR INTRADAY LOWS IN LATE TRADES TO ENTER THE POSITIVE TERRAIN BUT ALL THIS ACTION CONTINUED TO HAPPEN IN A VERY SMALL RANGE. THE MARKETS MOVED BACK AND FORTH IN LAST HOUR OF TRADE AS WELL BEFORE SIGNING OFF THE SESSION AROUND THE NEUTRAL LINE. DESPITE BEING F&O EXPIRY WEEK, THE VOLUME HASN’T PICKED UP ON THE STREET. THE TURNOVER FOR THE SESSION STOOD AT AROUND RS 1.01 LAKH CRORE. MARKET BREADTH WAS POSITIVE; FMCG, HEALTHCARE AND TECHNOLOGY COUNTERS WAS OFFSET BY LOSSES IN OIL & GAS, PSU AND AUTO STOCKS. TELECOM STOCKS WERE IN ACTION DURING THE SESSION.

TODAY MARKETS LOOK VOLATILE AHEAD OF EXPIRY TOMORROW, WE MAY WITNESS SOME KIND OF RANGE BOUND MOVEMENTS UNTIL THE SPECIFIED LEVELS IN THE NIFTY ARE BREACHED. IF NIFTY TRADES BELOW 5999 ONE CAN SEE NIFTY TO TRADE DOWN TO 5985 AND THEN TO 5955 LEVELS AND ANY BREAK BELOW THIS POINT WOULD SEE NIFTY TO SLIDE DOWN TO 5912 LEVELS, AND IF NIFTY CLOSES BELOW 5985 ON THE CLOSING BASIS WE CAN RETAIN SHORTS AND WE MAY HEAD DOWN. ON THE FLIP SIDE IF NIFTY TRADES ABOVE ABOVE 6030 THEN LIKELY TO MOVE UP TO 6043 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6060 AND THEN TO 6090 BUT AS OF NOW NIFTY AT CURRENT LEVELS ON A SHORT TERM FRONT LOOKS WEAK, SO ONE IS ADVISED TO STAY CAUTIOUS AND ALSO ADVISE YOU TO HEDGE YOUR POSITIONS WITH SOME AMOUNT OF PUTS TO SAFEGUARD YOUR CAPITAL INVESTED IN STOCKS. EXCEPT FOR THE STOCK SPECIFIC MANY STOCKS ARE AT A PLACE WHERE THEY CAN BLEED.

BUY GUJ NRE COKE SL 60.40 TGT 62.40/63.30/64.75 (SHORT TERM 75)*
BUY MOSER BAER SL 62 TGT 64/65.30/67.20
BUY BARTRONICS SL 90.25 TGT 95.90/99.40/101.90
POSITIONAL TRADES
BUY TATA ELEXSI TGT 340/400*
BUY HEXAWARE TGT 140*
BUY MCDOWEL TGT 1675*

INTRADAY TIPS FOR 28 DECEMBER 2010

GOOD MORNING!!!

INDICES ENDED THE DAY IN THE RED AFTER TRADING FIRM FOR MOST PART OF THE SESSION. THE TRADE, HOWEVER, REMAINED RANGE BOUND THROUGHOUT THE SESSION. EARLIER IN THE MORNING, THE BENCHMARKS EXTENDED THEIR GAINS AFTER MAKING A FLAT START TRACKING STRONG CUES FROM MOST OF THE REGIONAL PEERS DESPITE CHINA'S CENTRAL BANK'S MOVE TO HIKE KEY RATES OVER THE WEEKEND. THE MARKETS EXTENDED THEIR EARLY GAINS AND HIT THREE-WEEK HIGHS IN MID-MORNING SESSION WHICH WAS SUPPORTED BY FIRM ASIAN COUNTERPARTS. THE TRADE REMAINED RANGE BOUND WITH A POSITIVE BIAS IN THE LATE-MORNING SESSION TRACKING MIXED CUES FROM THE REGIONAL PEERS. IT WAS THE LATE AFTERNOON SESSION WHEN DOMESTIC MARKETS STARTED FEELING SELLING PRESSURE AND SLIPPED INTO THE RED AS DOWN-TICK OF AROUND 2% IN CHINA'S SHANGHAI COMPOSITE SPREAD JITTERS ACROSS LOCAL EQUITIES. IN THE FINAL HOURS OF TRADE, MARKETS TOOK CUES FROM EUROPEAN MARKETS WHICH FELL IN EARLY TRADE, MAKING THE NIFTY TO ONCE AGAIN CLOSE BELOW 6,000-MARK, THOUGH THERE WAS SOME PULLBACK IN LAST HALF AN HOUR OF TRADE, BUT IT WAS TOO LITTLE TO HELP THE MARKETS TO SHUT SHOP IN THE GREEN. THE BROADER INDICES THAT WERE HOLDING THEIR NECK IN THE GREEN DURING MOST PART OF THE DAY, ALSO CAME OFF THEIR DAY'S HIGH IN LATE TRADES. METAL AND REALTY INDICES SHOWED FATIGUE DURING THE DAY'S TRADE WHILE, HEALTHCARE, SOFTWARE AND CONSUMER DURABLES COUNTERS WERE THE STAR PERFORMERS OF THE SESSION. MOREOVER, SUGAR STOCKS LIKE BAJAJ HINDUSTAN AND BALRAMPUR CHINI MILLS ENDED WITH A GAIN OF MORE THAN 1.5-2.5%, AS THE FUTURES TRADING IN SUGAR RESUMED TODAY AFTER A GAP OF ONE-AND-A-HALF YEARS. THE GOVERNMENT HAD EARLIER BANNED SUGAR FUTURES TRADING ON MAY 27, 2009, THE BAN WAS VALID TILL SEPTEMBER 30 THIS YEAR, FOLLOWING WHICH IT WAS ALLOWED TO LAPSE BY THE REGULATOR, THE FORWARD MARKETS COMMISSION (FMC). TELECOM STOCKS VIZ RELIANCE COMMUNICATIONS, BHARTI AIRTEL AND IDEA CELLULAR ALL FINISHED THE DAY'S TRADE WITH A CUT OF MORE THAN 2-3.5%, AS THE DEPARTMENT OF TELECOM (DOT) HAS SLAPPED NOTICES, SEEKING PENALTIES RUNNING INTO HUNDREDS OF CRORE FROM THOSE TELECOM FIRMS, WHICH GOT LICENCES ISSUED BUT HAVE NOT ROLLED OUT SERVICES YET.

TODAY MARKET LOOKS WEAK TRACKING GLOBAL CUES, ONE HAS TO BE VERY CAUTIOUS IN THE MARKETS AS WE ARE NEARING EXPIRY IN COUPLE OF DAYS. TODAY IF NIFTY OPENS POSITIVE ONE CAN GO SHORT AT ANY LEVEL AS IT IS UNLIKELY TO STAY POSITIVE DURING THE DAY. TODAY IF NIFTY TRADES BELOW 6000 THEN WE CAN SEE NIFTY TO SLIDE DOWN TO 5960 AND THEN TO 5920 LEVELS. ON THE POSITIVE SIDE ONLY ABOVE 6040 ONE CAN GO LONG AND NIFTY LIKELY TO MOVE TO 6090 IF CROSSES 6040 LEVELS. AND ONE CAN REMAIN SHORTS OVERNIGHT IF NIFTY CLOSES BELOW 5985 LEVELS.

NO RECOS FOR THE DAY

INTRADAY TIPS FOR 27 DECEMBER 2010

GOOD MORNING!!!

INDICES GOT OFF TO A NEGATIVE START AS WEAK GLOBAL CUES WEIGHED ON THE SENTIMENT. THE MAIN INDICES MOVED IN A VERY TIGHT RANGE WITH A NEGATIVE BIAS IN THE MID-MORNING SESSION. THE MARKETS TRIMMED SOME OF THEIR EARLY LOSSES IN LATE-MORNING TRADES. INDICES SNAPPED THEIR TWO-DAY LOSING STREAK WITH RESPECTABLE GAINS ON FRIDAY DESPITE NOT VERY ENCOURAGING GLOBAL CUES. BULLS SHOWED STRENGTH IN THE SECOND HALF OF THE SESSION AFTER STAYING ON THE FENCE DURING EARLY PART OF TRADE. MARKET BREADTH WAS POSITIVE, GAINS WERE AIDED BY STRONG BUYING IN CONSUMER DURABLES, METAL AND FAST MOVING CONSUMER GOODS SPACE. ON THE OTHER HAND, AUTO, PUBLIC SECTOR UNDERTAKING AND OIL & GAS STOCKS WITNESSED SELECTIVE SELLING FROM TRADERS. TYRE MAKERS HOGGED THE LIMELIGHT IN TRADE TODAY ON THE BACK OF THE GOVERNMENT’S DECISION TO SLASH IMPORT DUTY ON NATURAL RUBBER TO 7.5% FROM 20% FOR DISPATCHES TO THE TUNE OF 40,000 TONNES UNTIL MARCH 31, 2011. THE RELIANCE ANIL DHIRUBHAI AMBANI GROUP (REL-ADAG) COMPANIES WITNESSED SHARP UP-MOVES IN LATE TRADES. ON THE FLIP SIDE, THE STATE-RUN OIL MARKETING COMPANIES (OMCS) REMAINED UNDER PRESSURE THROUGHOUT THE SESSION AS REPORTS INDICATED THAT THE CENTRE WAS LIKELY TO DEFER DIESEL PRICE HIKE BY FEW WEEKS.

TODAY MARKETS MAY BE RANGE BOUND, BUT IF NIFTY TRADES ABOVE 6045 THEN LIKELY TO SEE NIFTY TO MOVE UP TO 6060 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6077 AND THEN TO 6106 THOUGH 6090 IS A STRONG RESISTANCE. AND ON THE FLIP SIDE IF NIFTY TRADES BELOW 6030 THEN LIKELY TO COME DOWN TO 6014 AND BREAK BELOW THIS LEVEL 5995 AND ANY BREAK BELOW THIS POINT WOULD DRAG NIFTY TO 5867 LEVELS. ONE HAS TO BE VERY CAUTIOUS AS WE ARE NEARING THE EXPIRY FOR THE MONTH. WE MAY SEE A HUGE VOLATILITY IN THE MARKETS IN THE NEW FEW SESSIONS.

BUY MPHASIS SL 662 TGT 674/680/685
BUY BF UTILITIES SL 833 TGT 866/877/888

INTRADAY TIPS FOR 24 DECEMBER 2010

GOOD MORNING!!!

MARKETS OPENING SESSION WAS POSITIVE AS INVESTORS TOOK CUES FROM HIGHER CLOSE ON THE WALL STREET IN OVERNIGHT TRADE, THE POSITIVE MOMENTUM WITNESSED IN EARLY TRADES DIDN’T LAST TOO LONG AS MIXED CUES FROM REGIONAL PEERS TRIGGERED SOME WORRIES AMONG INVESTORS. MARKETS PARED THEIR EARLY GAINS TO EDGE LOWER IN THE MID-MORNING SESSION AS INVESTORS OPTED TO PROFIT BOOKING AHEAD OF RELEASE OF WEEKLY INFLATION DATA FROM THE GOVERNMENT. THE SELLING PRESSURE GOT INTENSIFIED IN LATE-MORNING TRADES AFTER THE GOVERNMENT DATA SHOWED RISE IN FOOD PRICE INFLATION TO 12.13% DURING THE WEEK ENDED DECEMBER 11, 2010 AS COMPARED TO 9.46% IN THE EARLIER WEEK. INDICES TOUCHED THEIR INTRADAY LOWS IN THE AFTERNOON SESSION. MEANWHILE, THE SELLING PRESSURE GOT ARRESTED IN LATE-AFTERNOON TRADES AND THE MARKETS ONCE AGAIN INCHED CLOSER TO THE NEUTRAL LINE. VOLUME FOR THE DAY WAS THE LOWEST COMPARED TO PAST COUPLE OF SESSIONS AT AROUND RS 98,800 CRORE. THE MARKET BREADTH WAS WEAK, CONSUMER DURABLES, METAL AND REALTY COUNTERS WERE THE MAJOR LAGGARDS ON THE BOURSES WHILE HEALTHCARE, SOFTWARE AND TECHNOLOGY STOCKS SHOWED SOME RESILIENCE IN TRADE.

TODAY NIFTY MAY BE RANGE BOUND, IF NIFTY TRADES BELOW 5980 THEN ONE CAN GO SHORT FOR A TARGET OF 5955 AND BREAK BELOW THIS POINT WOULD TAKE NIFTY TO 5935 LEVELS AND ANY TRADE BELOW THIS LEVEL WOULD DRAG NIFTY TO 5912, IF NIFTY CLOSES BELOW 5980 THEN LIKELY TO SEE NEGATIVE MOVEMENT IN THE NIFTY IN DAYS AHEAD. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 6011 THEN WE CAN SEE NIFTY TO MOVE UP TO 6030 LEVELS AND BREAK ABOVE THIS LIKELY TO MOVE UP TO 6060 AND THEN TO 6093 LEVELS. ONE IS ADVISED TO STAY SHORT AT EVERY HIGHER LEVELS KEEPING 6030 AS STOPLOSS ON INTRADAY. SUGAR STOCKS LOOKING VERY GOOD.

BUY POLARIS SL 178 TGT 182.75/185/187.40 (SHORT TERM 210)*
BUY OFSS SL 2309 TGT 2331/2344/2362 (SHORT TERM 2700)*
BUY BERGER PAINTS SL 108 TGT 111/114/117* (SHORT TERM 145)*

INTRADAY TIPS FOR 23 DECEMBER 2010

GOOD MORNING!!!

A POSITIVE START IN INDIAN MARKETS WERE PROMPTED BY STRONG GLOBAL CUES. THE US INDICES SCALED THEIR OVER TWO-YEAR PEAKS IN TUESDAY’S SESSION WHICH GAVE A SENTIMENTAL BOOST TO MOST OF THE ASIAN PEERS IN MORNING TRADES. MARKETS LOOKED ON A VERY POSITIVE NOTE IN EARLY TRADES BUT THEY FAILED TO BUILD-ON TO THE MORNING MOMENTUM AS THE DAY PROGRESSED, INDICES OSCILLATED IN A NARROW RANGE WITH A POSITIVE BIAS IN THE MID-MORNING SESSION. THE LATE-AFTERNOON SESSION WAS SLID DOWN AS FRONTLINE COUNTERS WITNESSED SOME PROFIT BOOKING AND AS THE US AND EUROPEAN INDEX FUTURES HOVERED AROUND THE NEUTRAL LINE AND PRESSURE SURMOUNTED IN LATE TRADES ON THE BACK OF DOWN-TICK ON THE EUROPEAN BOURSES. THE MARKETS, HOWEVER, RECOVERED MOST OF THEIR LOSSES IN LAST ONE HOUR OF TRADE TO SIGN OFF THE SESSION. THE MARKET BREADTH WAS STRONG; OIL & GAS, CAPITAL GOODS AND BANKING COUNTERS WERE THE MAXIMUM LOSERS IN TRADE. ON THE FLIP SIDE, METAL, PUBLIC SECTOR UNDERTAKING AND FAST MOVING CONSUMER GOODS STOCKS CAPPED THE DOWNSIDE ON THE BOURSES

TODAY MARKETS LOOK FLAT AND RANGE BOUND. ONE IS ADVISED TO FOLLOW THE BREAKOUT POINTS MENTIONED BELOW FOR BUYING AND SELLING. IF NIFTY TRADES ABOVE 6035 ONE CAN SEE NIFTY TO SHOOT UP TO 6094 LEVELS AND ON THE DOWN SIDE IF NIFTY TRADES BELOW 5980 THEN NIFTY LIKELY TO COME DOWN TO 5950 AND THEN TO 5900 LEVELS AND ANY CLOSE BELOW 5950 ONE CAN CARRY OVER THE SHORT POSITIONS. IF NIFTY TRADES POSITIVE ON THE OPENING ONE CAN GO SHORT AND MAKE USE OF INTRADAY VOLATILITY, ONE CAN GO SHORT AT HIGHER LEVELS IN THE INTRADAY KEEPING A STRICT STOPLOSS OF 6035.

BUY RANBAXY SL 569 TGT 576/578/581
BUY HIND ZINC SL 1277 TGT 1296/1308/1327 (SHORT TERM 1470)**
BUY JINDAL POLY SL 529 TGT 545/550/567

POSITIONAL TRADES
BUY HIND ZINC TGT 1470/1600