INTRADAY TIPS FOR 21 JANUARY 2010

GOOD MORNING!!!

MARKETS OPENED THE DAY IN THE RED TERRAIN TRACKING THE WEAK ASIAN AND OVERNIGHT US MARKETS WHICH FELL ON THE BACK OF A DECLINE IN US HOUSING STARTS AND DISAPPOINTING EARNINGS REPORT FROM GOLDMAN SACHS. THE FRONTLINE INDICES CONTINUED TO TRADE IN THE RED THROUGH THE FIRST HALF AS INVESTORS TOOK PROFITS OF THE TABLE. THE INITIAL MOMENTS IN SECOND HALF SAW THE BENCHMARKS TOUCH LOWEST POINT OF THE DAY HOWEVER, THE BOURSES MANAGED TO PULL OUT A SHARP RECOVERY IN THE DYING HOURS ON THE BACK OF FRESH BUYING IN BANKING STOCKS. MARKETS FINISHING ON AN OPTIMISTIC NOTE. IT WAS THE UPSURGE IN BANKING STOCKS THAT LED TO THE LATE RECOVERY IN THE STOCK MARKETS RETRACING ALL THEIR EARLIER LOSSES IN THE LAST HOUR OF TRADE. SENTIMENTS TURNED POSITIVE ON THE BACK OF BETTER THAN EXPECTED QUARTERLY EARNINGS RESULTS AND WEAKER INFLATION NUMBERS, EVEN AS GLOBAL MARKETS CONTINUED TO EXTEND THEIR LOSSES.

TODAY MARKETS LOOKS TO OPEN ON A NEGATIVE NOTE TRACKING WEAK US MARKETS CLOSING ALONG WITH WEAK ASIAN MARKETS OPENING, TODAY IF NIFTY TRADES BELOW 5710 THEN WE MAY LIKELY TO SEE NIFTY TO COME DOWN TO 5687 AND BELOW THIS LEVEL LIKLEY TO SLIDE DOWN TO 5656 LEVELS AND ANY TRADE BELOW THIS POINT WOULD TAKE NIFTY TO 5616 LEVELS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5730 THEN LIKELY TO MOVE UP TO 5750 LEVES AND ANY BREAK ABOVE THIS POINT WOULD TURN MARKETS TO THE POSITIVE ZONE AND WE MAY LIKLEY TO HEAD UP IN THE DAYS FOR A SHORT PERIOD, ABOVE 5750 WE CAN SEE NIFTY TO MOVE UP TO 5778 AND THEN TO 5798 LEVELS. WE MAY SEE A VERY ROUGH MARKETS IN THE COMING WEEK AHEAD OF EXPIRY OF JANUARY CONTRACT.

NO RECOS FOR THE DAY

INTRADAY TIPS 20 JANUARY 2011

GOOD MORNING!!!

YET AGAIN ANOTHER DISAPPOINTING PERFORMANCE IN THE DALAL STREET AFTER A RESILIENT SHOW ON PREVIOUS SESSION. MARKETS GOT TO A POSITIVE START TRACKING MOST ASIAN INDICES EXTENDED THEIR GAINS IN THE MORNING TRADE AS GAINS IN TECHNOLOGY RELATED STOCKS UNDERPINNED SENTIMENTS. HOWEVER THE FRONTLINE INDICES DRIFTED INTO THE NEGATIVE TERRITORY IN NO TIME AS VOLATILITY CREPT IN. THOUGH MARKETS TRADED IN THE GREEN IN THE INITIAL MOMENTS OF THE SECOND HALF BUT A SUDDEN SHARP CUT WAS WITNESSED IN THE LATE TRADE AND INDICES TUMBLED DEEP INTO THE RED. THEREAFTER THERE WERE NO SIGNS OF SIZEABLE RECOVERY ATTEMPT WHICH COULD LEAD THE INDICES IN GREEN AND THEY FINALLY SETTLED WITH CUTS OF AROUND HALF A PERCENT. ON THE SECTORAL FRONT METALS SAW HUGE BUYING INTEREST AND WAS UP BY AROUND 1.76%, REAL ESTATE GAINED AROUND 1.7% ON THE FLIP SIDE WE HAVE SEEN CAPITAL GOODS, OIL & GAS ALONG WITH IT SAW SOME PROFIT BOOKING.

TODAY MARKETS WOULD SEE A NEGATIVE START TRACKING WEAK CLOSING OF US MARKETS AND EUROPEAN MARKETS ALONG WITH IT THE WEAK OPENING OF ASIAN INDICES WHICH WOULD PAVE WAY FOR INDIAN MARKETS TO START OFF WITH A NEGATIVE OPENING. TODAY IF NIFTY TRADES BELOW 5680 LIKELY TO COME DOWN TO 5658 LEVELS AND ANY BREAK BELOW THIS POINT WOULD TAKE NIFTY TO 5628 LEVELS AND FURTHER BREACH BELOW THAT LEVEL WOULD DRAG NIFTY TO 5600 BUT ANY BREAK BELOW 5600 ONE CAN SEE A BEAR PHASE TO COME IN. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5700 THEN LIKELY TO MAKE IT UPWARD JOURNEY TO 5720 AND THEN TO 5740 LEVELS WHICH IS REMOTE IN TODAY TRADE.

BUY TATA COFFEE SL 663 TGT 690/712/722 (SHORT TERM 800/900/1000)

INTRADAY TIPS FOR 19 JANUARY 2011

GOOD MORNING!!!

INDICES GOT OUT TO A FANTASTIC START ON THE BACK OF STRONG RESULTS POSTED BY TCS IN THE, AFTER MARKETS HOURS LAST DAY AFTER BEING SLAUGHTERED FOR THE PAST FEW DAYS OVER 4%. INDICES SURGED IN THE INITIAL HOURS OF TRADE, THERE WAS GOOD NUMBER OF POSITIONS WHICH GOT ADDED IN THE MARKET IN THE OPENING AND WITH SOME POSITION SQUARING BETWEEN THE LATE MORNING TO MID AFTERNOON SESSION LED THE INDICES TO GYRATE IN A TIGHT BAND. BUT POSITION BUILD UP GATHERED PACE IN THE DYING HOURS OF TRADE WHICH HELPED THE BOURSES TO CATCH THE MOMENTUM AND EVENTUALLY END THE SESSION WITH STRONG GAINS OF OVER A PERCENT. VOLUMES WERE NOT GREAT EXCEPT FOR THE LAST HALF AN HOUR OF TRADE BUT THE BREADTH OF THE MARKET WAS POSITIVE. THE IT COUNTER KEPT BUZZING ALL THROUGH THE DAY AND REMAINED TOP SECTORAL GAINER WITH 2.60% GAINS, INVESTORS ALSO STAYED BULLISH ON METAL AND HEALTHCARE ON THE FLIP SIDE, OIL & GAS PACK REMAINED THE ONLY LAGGARD. WE HAVE SEEN SOME GOOD AMOUNT OF SELL OFF IN RELIANCE INFRA IN THE FORM OF PROFIT BOOKING FOR THE SECOND CONSECUTIVE SESSION TO END LOWER BY 4.5%.

TODAY MARKETS WOULD OPEN ON A POSITIVE NOTE TRACKING POSITIVE CLOSING OF US AND EUROPE. TODAY IF MARKETS OPEN ABOVE 5737 THEN LIKELY TO MAKE AN UPMOVE TO 5769 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5795 LEVELS AND ANY BREACH AND TRADE ABOVE THIS POINT WOULD TAKE IT TO 5824 LEVELS, ANY CLOSE ABOVE 5769 ON THE CLOSING BASIS ONE CAN RETAIN LONGS FOR THE OVERNIGHT TRADE AS WELL, ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5724 THEN LIKELY TO SLIDE DOWN TO 5700 LEVELS AND ANY BREACH BELOW THIS POINT WOULD TAKE NIFTY DOWN TO 5760 LEVELS AND ANY FURTHER BREACH BELOW THIS POINT WE WOULD SEE SUPPORT COMING IN AT 5637 LEVELS AND ANY BREACH BELOW THIS POINT WE MAY SEE THE MAJOR SUPPORT AT 5600 LEVELS AND ANY CLOSE BELOW 5600 WE CAN SEE ANOTHER 300 TO 400 POINTS DECLINE FROM THERE ON. ONE IS ADVISED TO EXIT CEMENTING STOCKS AS THEY MAY UNDERPERFORM IN THE DAYS AHEAD AND ADVISED TO ENTER INTO IT AS ALL THE EXTERNAL FACTORS ARE SUPPORTING THE IT INDEX. STAY AWAY FROM FERTILIZERS TOO IN SHORT TERM THOUGH LONG TERM STORY IS IN TACT.

BUY JINDAL STEEL SL 689 TGT 705/717/724
BUY JINDAL SAW SL 222 TGT 225.80/227.50/230 (SHORT TERM 275)

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