INTRADAY TIPS FOR 18 JANUARY 2011

GOOD MORNING!!!

A LACKLUSTER DAY OF TRADE ENDED WITH ON A QUIET NOTE WITHOUT ANY MAJOR TRIGGERS IN THE MARKETS. IT IS A DAY OF CONSOLIDATION OF LARGE CAPS, WHICH TRADED IN A NARROW RANGE FOR THE ENTIRE DAY. THE KEY BENCHMARK INDICES GOT A SUBDUED START TRACKING THE SLUGGISH ASIAN MARKETS FOLLOWING CHINA'S LATEST TIGHTENING MEASURES TO FIGHT INFLATION. AFTER TOUCHING THE LOW POINT OF THE DAY, INDICES SHOWED HIGHLY VOLATILE TREND IN DAY’S TRADE LACKING ANY MAJOR TRIGGERS. THERE WAS SOME RECOVERY IN THE SECOND HALF WHICH SAW THE INDICES TOUCH INTRADAY HIGH LEVELS WHICH PROVED TO BE SHORT LIVED WHERE MAJORITY OF THE INVESTORS TRIED TO SQUARE OFF THEIR POSITIONS AT THE HIGH LEVELS WHICH BROUGHT THE BOURSES OFF THE DAY’S HIGH TO EVENTUALLY END THE CHOPPY TRADING SESSION IN THE POSITIVE TERRITORY BUT WITH ONLY MODEST GAINS. THE MARKET BREADTH WAS EXTREMELY NEGATIVE. THE MAJOR SET BACK IN THE MARKET WAS, THE SELLING IN ADAG PACK FOLLOWING THE MARKET REGULATOR SEBI PASSING A CONSENT ORDER WITH REGARD TO ITS PROBE INTO POSSIBLE VIOLATION OF SECURITIES MARKET NORMS BY R INFRA AND RNRL.

TODAY MARKETS LOOK FLAT AND RANGE BOUND, ONE HAS TO REMEMBER FOR THAT NIFTY IS IN A VERY CRUCIAL ZONE, THOUGH WE MAY LIKELY TO HAVE LITTLE RECOVERY IT WOULD BE ON A VERY SHORT NOTE AND LIKELY TO COME DOWN MUCH MORE IF IT BREACHES 5648 LEVELS WHICH IS CONSIDERED TO BE A 200 EMA, AS LONG AS NIFTY TRADES AND CLOSES ABOVE 5648 LEVELS ONE CAN CONSIDER THIS AS A CRUCIAL SUPPORT AND CAN RETAIN LONGS BUT ONCE THIS LEVEL IS BREACHED AND CLOSED AT THE END OF THE SESSION THEN ONE IS ADVISED TO STAY AWAY FROM LONGS AS WE MAY LIKELY TO HEAD MUCH LOWER LEVELS. ONE CAN GO LONG IN TODAYS TRADE WITH A STOPLOSS OF 5534, WE CAN SEE NIFTY TO 5682 AND THEN TO 5700 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE IT TO 5740 LEVELS. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5634 THEN LIKELY TO MAKE ITS DOWNWARD JOURNEY TO 5597 AND ANY BREAK BELOW THIS POINT WOULD DRAG NIFTY TO 5544. ANY CLOSE BELOW 5648 IS CONSIDERED TO BE WEAK BUT ANY CLOSE BELOW 5597 WOULD BE CONSIDERED TO HAVE VERY GOOD SELLING AND SEE BEARS MAKING ABSOLUTE BLAST IN THE DAYS AHEAD.

BUY ISPAT INDS SL 24 TGT 24.65/24.80/25
BUY NELCAST SL 117 TGT 121/123/126.70
BUY HIND ZINC SL 1357 TGT 1378/1392/1411

INTRADAY TIPS FOR 17 JANUARY 2010

GOOD MORNING!!!

MARKETS FAILED TO GAIN ANY KIND OF MOMENTUM INITIALLY AS GLOBAL CUES REMAINED WEAK. ASIAN BOURSES TRADED IN THE RED ZONE AS INVESTORS OPTED TO TAKE PROFITS OFF THE TABLE TRACKING THE WEAK CLOSE IN OVERNIGHT US MARKETS. THE EQUITY INDICES IN INDIA HAVE BEEN SMASHED TO SMITHEREENS FOR THE SECOND STRAIGHT DAY OF TRADE AS DREADFUL DECEMBER INFLATION NUMBERS CONTINUED TO TORMENT THE LOCAL EQUITY INDICES AFTER A TEPID IIP NUMBERS. THE FRONTLINE INDICES REMAINED RANGE BOUND IN THE MORNING SESSION BUT IN THE LATE MORNING TRADE THE INDICES ERASED ALL THE LOSSES AND MANAGED TO BREAK IN TO THE GREEN AS IT STOCKS SUPPORTED THE PULL BACK. AFTER TRADING IN THE POSITIVE TERRITORY FOR A COUPLE OF HOURS, SELLING PRESSURE RE-EMERGED AS INVESTORS LACKED CONVICTION AND THEY SQUARED OFF POSITIONS. EVENTUALLY, THE BOURSES SUCCUMBED TO THE PRESSURE AND TUMBLED LIKE A HOUSE OF CARDS TO SETTLE WITH DEEP CUTS OF OVER ONE AND HALF PERCENT AS THERE WAS NO SHORT COVERING. VOLUMES WERE SUBSTANTIALLY HIGHER. THE MARKET BREADTH WAS EXTREMELY NEGATIVE.

MARKETS ARE NOW AT A CRUCIAL JUNCTURE WHERE, NIFTY LIKELY TO TAKE SUPPORT AT 5600 TO AVOID FURTHER BLEEDING. TODAY, IF NIFTY TRADES BELOW 5640 THEN LIKELY TO COME DOWN TO 5597 LEVELS AND ANY BREACH BELOW THIS LEVEL WOULD TAKE NIFTY TO 5540 LEVELS AND ANY CLOSE BELOW 5600 WOULD DRAG NIFTY FURTHER DOWN IN COMING DAYS TO 5380 LEVELS. ON THE FLIP SIDE IF NIFTY TRADES 5670 THEN LIKELY TO MAKE ITS UPWARD JOURNEY TO 5720 LEVELS AND FURTHER BREACH ABOVE THIS POINT WOULD TAKE IT TO 5773 LEVELS. ONE HAS TO STAY CAUTIOUS IN THE MARKET, AVOID HEAVY BUYING, HEDGE YOUR POSITIONS COMPLETELY. MARKETS ARE SHOWING NO STRENGTH SO STAY CAUTIOUS.

BUY HARRISON MALAYALAM SL 88 TGT 93/96/100

INTRADAY TIPS FOR 14 JANUARY 2010

GOOD MORNING !!!

INDICES FAILED TO CARRY THE MOMENTUM FROM LAST DAYS PULL BACK AND GOT OFF TO A WEAK START. THE INDICES TRADED IN THE NEGATIVE TERRAIN IN THE INITIAL HOURS AS INVESTORS LACKED ENTHUSIASM AND CONTINUED TO BOOK PROFITS AS THEY CONTINUED TO UNDERPERFORM EVEN AS ASIAN MARKETS TRADED WITH SOME STRENGTH. INDICES THOUGH RECOVERED A BIT IN THE LATE FIRST HALF BUT THE SUSTAINED SELLING PRESSURE THEREAFTER ENSURED THAT THE MARKETS SETTLE INTO DEEP RED. IT TURNED OUT TO BE A LACKLUSTER FOR THE MARKETS AS THEY RETURNED TO THE SELL-OFF MODE JUST A DAY AFTER BREAKING THE STREAK OF CLOSING IN THE RED AFTER SIX TRADING SESSION. THE THREE I’S (INTEREST, INFLATION AND IIP) MADE A HAVOC IN THE MARKETS ANOTHER I INFOSYS’ JOINED TO SPOIL MUCH MORE IN THE INDIAN MARKET. INFOSYS DISAPPOINTING THIRD QUARTER RESULTS REMAINED THE BIGGEST DAMPENER FOR THE MARKET. BANKING WAS THE BIGGEST LAGGARD IN THE SECTORAL INDICES AS BANKING MAJORS LIKE SBI, ICICI AND OTHER HAVE PLUNGED THE MOST. SOFTWARE TOO REMAINED UNDER IMMENSE PRESSURE. EXCEPT FOR THE REALITY ALL THE SECTORS WERE IN DEEP RED.

TODAY, WE MAY SEE SOME ERRATIC MOVES IN THE MARKETS, IF YOU SEE BROADLY MARKETS ARE HOVERING IN A BROAD RANGE OF 100 POINT IN A SINGLE DAY. ONE IS ADVISED TO STAY CAUTIOUS AND TRADE WITH LESS QUANTITY AS IT WILL PLACE YOU IN A POSITION WHERE YOU CAN TAKE DECISION WISELY ON INTRADAY FRONT. IF NIFTY TRADES BELOW 5740 THEN LIKELY TO COME DOWN TO 5700 THIS IS A SHORT TERM SUPPORT WHERE MARKETS WILL TRY TO STAY ABOVE THIS LEVEL BUT ONCE THIS LEVEL IS CUT THE WE CAN HEAD DOWN TOWARDS 5640 LEVELS BUT IF IT IS BROKEN THEN WE CAN SEE NIFTY TO BLEED DOWN MUCH FURTHER SO ONE SHOULD BE VERY CAUTIOUS IF NIFTY CLOSES BELOW 5640 LEVELS. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5775 WE CAN SEE NIFTY TO MOVE UP TO 5810 LEVELS AND ABOVE THAT ONE CAN SEE FURTHER UPSIDE TO 5840 LEVEL, ANY TRADE ABOVE 5840 WE CAN SEE NIFTY TO MOVE UPTO 5875 AND ANY CLOSE ABOVE 5875 WE MAY SEE NIFTY TO BE ON A POSITIVE SIDE.

INTRADAY TIPS FOR 13 JANUARY 2011

GOOD MORNING!!!

FINALLY INDICES BROKE THE SIX DAYS JINX OF CLOSING IN RED AND COMPLETELY IGNORED THE MUCH HAUNTING LETTER I (INTEREST, INFLATION AND IIP ) AND CARRIED THE MOMENTUM FROM PREVIOUS CLOSING AND GOT OFF TO A STRONG START. THOUGH THE INDICES TRADED IN THE POSITIVE TERRAIN IN THE INITIAL HOURS, BUT DUE TO LACK OF CONVICTION TRADERS OPTED TO BOOK PROFITS AT HIGHER LEVELS WHILE THE SURPRISINGLY LOW IIP NUMBERS TOO WEIGHED DOWN THE FRONTLINE INDICES TO INTRADAY LOW LEVELS IN THE LATE FIRST HALF SESSION. HOWEVER, THE SECOND HALF SAW THE BOURSES GAIN IMPETUS AS OPTIMISTIC EUROPEAN MARKETS PROVIDED SUPPORT. THE INDICES CONTINUED TO GRADUALLY GARNER STRENGTH TO STRENGTH IN THE DYING HOURS AND CLOSED AROUND THE HIGH POINT OF THE DAY. VOLUMES WERE SUBSTANTIALLY HIGHER THAN LAST ONE AND HALF MONTH IN NIFTY AND TURNOVER IN NIFTY TOO CROSSED HIGHS OF LAST FEW WEEKS. THE BREADTH OF THE MARKET REMAINED VERY STRONG.

TODAY MARKETS LOOK POSITIVE ON STRONG CLOSING OF MARKETS ON THE LAST DAY AND SUPPORTED BY POSITIVE OPENING OF ASIAN MARKETS ALONG WITH POSITIVE CLOSE OF EUROPE AND AMERICAN MARKETS. IF NIFTY TRADES ABOVE 5885 THEN LIKELY TO MOVE UP TO 5910 AND THEN TO 5940 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD MAKE IT JOURNEY TO 5990 LEVELS. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5865 THEN LIKELY TO COME DOWN TO 5840 LEVELS AND BREACH BELOW THIS POINT WOULD DRAG NIFTY TO 5788 LEVELS STAY CAUTIOUS IF NIFTY BREACHES 5840 LEVELS AND STAY INVESTED IF NIFTY CLOSES ABOVE 5900 LEVELS.

BUY INDIAN HOTELS SL 101 TGT 103/104.50/105.85
BUY HIND ZINC SL 1414 TGT 1445/1465/1480
BUY INFOSYS SL 3370 TGT 3399/3418/3447
BUY SBI SL 2669 TGT 2700/2725/2750

INTRADAY TIPS FOR 12 JANUARY 2011

GOOD MORNING!!!

MARKETS GOT OFF TO A POSITIVE START, SEEMED AS IF IT WOULD SUSTAIN THE WAY MARKET GOT OPENED, FRONTLINE INDICES LOOKED TO CONSOLIDATE AFTER TWO DAYS OF HUGE FREEFALL BUT IT PROVED TO BE VERY SHORT LIVED AS INDICES DIPPED INTO THE RED AFTER AN HOUR OF TRADE AND AGAIN MOVED BACK INTO A VERY POSITIVE ZONE WITH A VERY WILD FLUCTUATIONS IN THE MARKETS AND IT PROVED TO BE SHORT LIVED AFTER TOUCHING INTRADAY HIGH, THE MARKETS MOVED UP AND DOWN AROUND 600 POINTS IN NIFTY WHICH IS ALMOST THE HIGHEST FLUCTUATIONS IN THE RECENT PAST, IT WAS A VERY WILD FLUCTUATION. HOWEVER, THE CLOSING SENTIMENT IN THE INDICES COULD SUSTAIN THE CRUCIAL 19,000 AND 5,700 SUPPORT LEVELS AND BOUNCE BACK INTO THE GREEN TO EVENTUALLY SETTLE ON AN ABSOLUTELY FLAT NOTE IN THE LAST HALF AN HOUR OF TRADE. BANKING SECTOR SAW SOME GOOD MOVEMENT AS INDIAN BANKS' ASSOCIATION URGING THE CENTRAL BANK TO CUT CASH RESERVE RATIO (CRR) AND STATUTORY LIQUIDITY RATIO (SLR) IN THE RESERVE BANK OF INDIA (RBI)’S PRE-CREDIT POLICY MEETING WHICH IS GOING TO BE HELD ON 25 OF THIS MONTH. OVERALL BREADTH OF THE MARKET REMAINED WEAK.

TODAY NIFTY MAY OPEN POSITIVE TRACKING POSITIVE AMERICAN CLOSING, IF NIFTY TRADES ABOVE 5782 THEN LIKELY TO MAKE ITS UPWARD JOURNEY TO 5820 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKENIFTY TO 5850 LEVELS AND ANY TRADE ABOVE 5850 WOULD TAKE NIFTY TO 5900 LEVELS. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5760 LEVELS THEN ONE CAN SEE NIFTY TO SLIDE DOWN TO 5725 AND THEN TO 5700 AND ANY BREAK BELOW 5700 WOULD TAKE NIFTY TO 5675 AND BELOW THIS POINT 5635 LEVELS, IF NIFTY CLOSES BELOW 5700 ONE CAN SEE NIFTY TO SLIDE DOWN FURTHER TO 5625 LEVELS. ONE HAS TO BE VERY CAUTIOUS IN THE MARKET AND STRICTLY FOLLOW THE LEVELS INDICATED.

BUY SESAGOA SL 329 TGT 336/343/346 (SHORT TERM 360)
BUY MPHASIS SL 671 TGT 684/692/704
BUY CORE PROJECTS SL 270 TGT 279.60/284/288

OPTIONS:
ONE CAN BUY CALL IF NIFTY TRADES ABOVE 5780 LEVELS WITH STOPLOSS OF 5740 LEVELS. AND BUY PUTS ONLY IF NIFTY TRADES BELOW 5700 LEVELS.

INTRADAY TIPS FOR 11 JANUARY 2011

GOOD MORNING!!!

INDICES STARTED-OFF WITH A VERY VOLATILE SESSION TRACKING ASIAN MARKETS WHICH WERE TRADING WITH A NEGATIVE BIAS, A TERRIBLE FIRST DAY OF A NEW WEEK AS THE BLOOD BATH CONTINUED FOR THE FIFTH STRAIGHT DAY OF TRADE TAKING THE BENCHMARK INDICES WAY BELOW THE PSYCHOLOGICAL LEVELS. THE FRONTLINE INDICES REMAINED CHOPPY AND FAILED TO RECOVER AT ANY STAGE. MARKETS SAW RELENTLESS SELLING PRESSURE ACROSS THE COUNTERS AS RATE HIKE FEARS AND WEAK OPENING OF EUROPEAN MARKETS DRAGGED THE FRONTLINE INDICES, THE SLAUGHTER IN THE LATE HOURS ENSURED THAT THE BOURSES WENT HOME WITH MASSIVE LOSSES AND CLOSE AROUND THE LOW POINT OF THE DAY. VOLUMES SAW SUBSTANTIAL PICK UP COMPARED TO LAST FEW DAYS. THE MARKET BREADTH WAS DREADFULLY NEGATIVE. ALL THE SECTORAL INDICES WERE IN RED.

TODAY MARKETS WOULD OPEN FLAT AND REMAIN RANGE BOUND BUT IF NIFTY BREAKS 5750 THEN LIKELY TO COME DOWN TO 5713 LEVELS AND ANY BREAK BELOW THIS POINT WOULD TAKE NIFTY TO 5670 LEVELS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5781 THEN LIKELY TO MOVE UP TO 5820 AND THEN TO 5862 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5890 LEVELS. MARKETS ARE LOOKING VERY WEAK AS OF NOW AND ONE IS ADVISED NOT TO GO LONG.

BUY SATYAM SL 88.80 TGT 91.5/93.40/94.50
BUY OFSS ABOVE 2180 SL 2173 TGT 2195/2211/2222

INTRADAY TIPS FOR 10 JANUARY 2011

GOOD MORNING!!!

MARKETS GOT OFF TO A TEPID START TRACKING ASIAN MARKETS WHICH EXHIBITED MIXED TREND. THE FRONTLINE INDICES COULD NOT GAIN ANY KIND OF MOMENTUM THEREAFTER AND CONTINUED TO SULK AS INVESTORS’ EXERTED HEAVY SELLING PRESSURE ACROSS THE BOARD. IT TURNED TO BE A COMPLETE TURMOIL ON THE LAST DAY OF THE WEEK FOR THE INDIAN MARKETS WHICH GOT THRASHED FOR THE FOURTH STRAIGHT SESSION OF TRADE TO END ON AN EXTREMELY DREADFUL NOTE. INVESTORS WERE TRAPPED IN MAYHEM IN THE LATE HOURS OF TRADE AS THE MAJOR FRONTLINE STOCKS BADLY BURNT, AFTER THE RESERVE BANK OF INDIA’S DEPUTY GOVERNOR EXPRESSED HIS CONCERNS OVER THE TOWERING FOOD INFLATION STATING THAT IT CURRENTLY IS AT A “WORRYINGLY HIGH” LEVEL. RATE-SENSITIVE’S LIKE BANKING AND FINANCIAL INSTITUTIONS, REALTY AND AUTO COUNTERS SULKED FOR ANOTHER DAY AMID GROWING APPREHENSIONS THAT THE HIKE IN INTEREST RATES IS AROUND THE CORNER SEEING THAT THE SURGING FOOD INFLATION NUMBERS WILL PRESSURIZE THE RESERVE BANK OF INDIA (RBI) TO TIGHTEN THE STANCE OF MONETARY POLICY FURTHER IN THE FORTHCOMING POLICY REVIEW SCHEDULED FOR JANUARY 25. EXTREME CAUTION AHEAD OF QUARTERLY RESULTS FROM INDIA INC, INVESTORS CONTINUED TO HIT THE SELL BUTTON THROUGH THE DAY. METAL, AUTO AND IT TOOK A NOSE DIVE IN THE MARKET AND NO INDEX STOCK MANAGED TO CLOSE ON POSITIVE SIDE.

TODAY MARKETS LOOK WEAK ON CLOSING BASIS OF FRIDAY AND WOULD CONTINUE TO OPEN NEGATIVE TRACKING WEAK ASIAN MARKETS ALONG WITH NEGATIVE CLOSING OF US MARKETS. IF NIFTY TRADES BELOW 5900 THEN LIKELY TO COME DOWN TO 5860 AND ANY BREAK BELOW THIS POINT WOULD TAKE IT TO 5820 LEVELS AND ANY CLOSE BELOW THIS POINT WOULD TAKE IT DOWN BELOW TO 5725 LEVELS. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5935 THEN WOULD TAKE IT TO 5970 LEVELS BUT ONE IS ADVISED TO STAY AWAY FROM LONGS AT THIS STAGE AT ANY COST AS THE SELLING AT THIS LEVEL IS VERY VIGOROUS SO PLAY CAUTIOUS ON THE LONG SIDE.

NO RECOS FOR THE DAY