INTRADAY TIPS FOR 23 FEBRUARY 2011

GOOD MORNING!!!

INDICES BEGAN THE DAY ON A SOMBER NOTE AS NEGATIVE NEWS FLOWS FROM THE ARAB WORLD SPOOKED SENTIMENTS NOT ONLY LOCALLY BUT THROUGHOUT THE ASIA AS WELL. THE BOURSES HAD TO DEAL WITH GEOPOLITICAL RISKS THROUGHOUT THE DAY PROTESTS IN LIBYA AGAINST THE COUNTRY'S LEADER OF 41 YEARS, MUAMMAR GADDAFI INTENSIFIED, WITH SEVERAL CASUALTIES BEING REPORTED IN THE NATION. THE INDEX GYRATED BELOW THE NEUTRAL LINE IN A NARROW BAND THROUGH THE FIRST HALF IN THE ABSENCE OF ANY OPTIMISTIC MARKET TRIGGERS. BUT THE SECOND HALF SAW THE FRONTLINE INDICES BEING DRAGGED TO LOWER THAN COMFORTABLE LEVELS AS INVESTORS SQUARED OF POSITIONS IN AUTO SHARES ON SPECULATIONS OF A HIKE IN EXCISE DUTY IN THE BUDGET 2011 WHICH IS SCHEDULED TO BE ANNOUNCED THREE WORKING DAYS LATER. MARKETS ARE EXTREMELY FRAGILE AND DISCOURAGING GLOBAL SETUP AND SETTLED THE DAY WITH MODERATE LOSSES GIVEN THE FACT THAT MAJOR ASIAN STOCK MARKETS INCLUDING CHINA AND JAPAN GOT BUTCHERED AROUND TWO PERCENTAGE POINTS. OIL PRICES SEEMED TO CONTROL THE MARKET MOVEMENT IN TRADE AS WITH EVERY SPIKE IN THE GLOBAL PRICES OF CRUDE FOLLOWING ESCALATING CIVIL UPHEAVAL IN LIBYA AND BAHRAIN, THE NERVOUSNESS AMONG TRADERS TRANSLATED INTO POSITION SQUARING. INDIAN CRUDE OIL BASKET HAS SPURTED BEYOND THE PSYCHOLOGICAL $100 PER BARREL LEVEL AS PROTESTS IN LIBYA, ONE OF THE 10 RICHEST OIL PRODUCING COUNTRIES, ESCALATED WHILE SUPPLY SIDE PRESSURES THREATENED TO BECOME MORE ACUTE. THANKS TO MUKESH AMBANI FOR THE DEAL WITH BP WHICH REINFORCED THE INDEX HEAVYWEIGHT BY AROUND 3% AND THEREBY CAPPING THE DOWNSIDE RISKS FOR THE INDEX.

TODAY NIFTY WOULD OPEN NEGATIVE TRACKING WEAK CLOSING OF US MARKETS AND EUROPEAN MARKETS ALONG WITH WEAK OPENING OF ASIAN INDICES. TODAY IF NIFTY TRADES BELOW 5464 LIKELY TO COME DOWN TO 5440 AND THEN TO 5420 LEVELS ANY BREAK BELOW THIS POINT WOULD TAKE NIFTY TO 5400 LEVELS WHICH IS A PSYCHOLOGICAL SUPPORT FOR THE NIFTY BUT BREAK BELOW THIS LEVEL WOULD TAKE SUPPORT AROUND 5385 WHICH IS CONSIDERED TO BE NEAR TERM SUPPORT WHERE NIFTY MAY NOT BREAK BELOW THIS POINT IN THIS SETTLEMENT BUT IF IT HAPPENS TO BREAK THEN WE CAN SEE NIFTY TO COME DOWN MUCH MORE IN THIS TWO DAYS OF TRADE. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5478 THEN LIKELY TO MOVE UP TO 5500 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5544 LEVELS, ANY CLOSE ABOVE 5500 WOULD TAKE NIFTY TO CLOSE ABOVE 5500 LEVELS IN THE SETTLEMENT.

INTRADAY TIPS FOR 22 FEBRUARY 2011

GOOD MORNING!!!

INDICES THOUGH OPENED FLAT TO NEGATIVE THERE WAS ALL OF A SUDDEN BUYING SEEN ACROSS THE BOARD BUT THERE WERE NO SIGNS OF CONVICTION IN THE TRADE. THE INDEX GYRATED AROUND THE NEUTRAL LINE IN A NARROW BAND THROUGH THE FIRST HALF IN THE ABSENCE OF ANY OPTIMISTIC MARKET TRIGGERS. BUT BUDGET-RELATED POSITIVE NEWS FLOW AND SOFTENING INFLATION EASED INVESTORS' APPREHENSIONS AS THE INDIECES SAW A BOUNCE BACK POST-NOON. SANGUINE SENTIMENTS IN THE DYING HOURS HELPED THE LOCAL BOURSES PULL THROUGH A SCINTILLATING INTRADAY U-TURN AND SETTLE AROUND THE HIGH POINT OF THE DAY. THE INDICES EVENTUALLY WENT HOME WITH OVER A PERCENT GAIN ON THE INITIAL DAY OF F&O EXPIRY WEEK AND FOUR WORKING DAYS AHEAD OF THE BUDGET 2011.

TODAY NIFTY WOULD OPEN NEGATIVE TRACKING WEAK GLOBAL EUROPEAN MARKETS AND ASIAN INDICES. THOUGH NIFTY LOOKED POSITIVE AT THE LAST DAYS TRADE AND CLOSING, THERE IS LOT OF NEGATIVE SIGNS UNDERNEATH THE MARKETS WHICH ARE STILL LEFT UNATTENDED BY THE BULLS, WHERE ONE NEEDS TO BE VERY CAREFUL ON THE POSITIVE FRONT OF NIFTY. IF NIFTY TRADES BELOW 5512 THEN LIKELY TO COME DOWN TO 5484 AND THEN BREAK BELOW THAT WOULD TAKE IT TO 5450 AND ANY BREAK BELOW THIS POINT IS AGAIN VERY CRUCIAL WOULD NOT LET NIFTY TO REVERSE AS IT DID IN THE LAST DAY WOULD DRAG NIFTY TO FURTHER DOWNSIDE. IF NIFTY HAPPENS TO CLOSE BELOW 5400 THEN ONE CAN SEE NIFTY TO BREACH PREVIOUS LOWS I.E., 5200 AS WELL AND GO DOWN FURTHER MORE. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5541 THEN LIKELY TO MOVE UP TO 5560 AND THEN TO 5580 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5600 LEVELS ONE NEEDS TO BE VERY CAREFUL AT 5580 LEVELS IF IT DOESN’T SUSTAIN MAY DRAG NIFTY DOWN AND IF IT BREACHES THEN MAY GO UP TO 5600 LEVELS BUT ANY UPSIDE IN NIFTY THERE IS EVERY POSSIBILITY THAT NIFTY WOULD COME DOWN ALL OF A SUDDEN. ONE NEEDS TO KEEP IN MIND THAT ANY INCLINE FROM THIS POINT IS CONSIDERED TO BE A SELLING POINT THAN A BUYING POINT.

BUY MOTHERSON SUMI ABOVE 193.75 SL 191 TGT 198/200/203
BUY TIME TECHNOPLAST ABOVE 56.40 SL 55.85 TGT 58/59/60

INTRADAY TIPS FOR 21 FEBRUARY 2011

Good morning!!!

Due to technical issue Blog will be updated only after 10.30 a.m for today

INTRADAY TIPS FOR 18 FEBRUARY 2011

GOOD MORNING!!!

MARKETS GOT OFF TO A WOBBLING START TRACKING MIXED CUES FROM THE ASIAN MARKETS, FRONTLINE INDICES SEE-SAWED AROUND THE NEUTRAL LINE IN A VERY TIGHT BAND IN THE INITIAL HOURS AS INVESTORS REMAINED A BIT CAUTIOUS, HOWEVER SOME GOOD BUYING ON SOME STOCK SPECIFIC COUNTERS WHICH GOT TRIGGERED ON THE BACK OF THE DROP IN FOOD INFLATION NUMBERS TO A TWO-MONTH LOW LEVEL HAS IGNITED THE MARKETS TO INCLINE TO HIGHER LEVELS SURPASSING THE RECENT HIGHS OF THE MARKETS, THEREAFTER AS INVESTORS GRADUALLY STARTED BUILDING UP POSITIONS WHICH HELPED THE BENCHMARKS TO SNAP AROUND HIGH POINT OF THE DAY TO EVENTUALLY SETTLE IN THE GREEN FOR FIVE STRAIGHT SESSIONS.

TODAY MARKETS WOULD OPEN FLAT TO POSITIVE, IF NIFTY TRADES ABOVE 5550 THEN LIKELY TO MOVE UP TO 5576 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5597 AND ANY CLOSE ABOVE 5567 IS AGAIN POSITIVE FOR THE MARKETS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5538 THEN LIKELY TO COME DOWN TO 5491 LEVELS AND BREAK BELOW THIS POINT WOULD SEE FURTHER DOWNSIDE IN NIFTY TO 5457 LEVELS AND ANY CLOSE BELOW 5450 IS CONSIDERED TO BE WEAK IN COMING DAYS. NIFTY MAY TRADE POSITIVE IF ASIAN MARKETS SUPPORT AND MAY RALLY IN THE FIRST HALF AND MAY START GIVING AWAY THE GAINS IN THE SECOND HALF ONE IS ADVISED TO STAY CAUTIOUS ON THE LONGS SINCE THERE IS EVERY POSSIBILITY THAT MARKETS MAY SUDDENLY CHANGE THE DIRECTION AND SINCE THE WEEK AHEAD IS OF EXPIRY WE MAY SEE A VERY VOLATILE SESSION GOING FORWARD.

17 FEBRUARY 2011

GOOD MORNING!!!

MARKETS BEGAN ON A VERY CAUTIOUS NOTE TRACKING SLUGGISH CUES FROM THE ASIAN PEERS BACKED BY WEAK SIGNS FROM OVERNIGHT US MARKETS, WHICH CLOSED LOWER ON WORSE THAN EXPECTED RETAIL SALES REPORT THAT ONCE AGAIN RAISED THE CONCERN OF SLOW ECONOMIC RECOVERY. MARKETS TRADED ON A VERY TIGHT BAND THROUGH THE DAY’S TRADE MARKETS SEEMS LIKE THEY ARE IN A PHASE OF CONSOLIDATION MODE AFTER THE THREE DAYS OF PULLBACK RALLY. FRONTEND STOCKS HAVE MOVED UP TO RECORD INTRADAY HIGHS IN THE LATE HOURS BUT COULDN’T MANAGE TO HOLD ITS GAINS UNTIL THE CLOSE OF THE MARKETS AND DRIFTED TO SETTLE WITH PARTIAL GAINS BUT MANAGED TO EXTEND THE WINNING STREAK FOR THE STRAIGHT FOURTH CONSECUTIVE DAY. WITH THE EARNINGS SEASON ALMOST COMING TO AN END, THE BOURSES ARE NOW EXPECTED TO TURN THEIR FOCUS ON THE UNION BUDGET WHICH IS EXPECTED IN LESS THAN A FORTNIGHT; HOWEVER PEOPLE AT LARGE REMAIN APPREHENSIVE THAT THE BUDGET MAY NOT BE A MARKET MOVING EVENT. ALL IN ALL MARKETS WERE FLAT AT THE END.

TODAY MARKETS WOULD BE RANGE BOUND IF NIFTY TRADES ABOVE 5510 THEN LIKELY TO MOVE UP TO 5540 AND THEN TO 5560 LEVELS AND MAY FACE TOUGH RESISTANCE AROUND THESE LEVELS IN THE NIFTY AND MARKETS LIKELY TO TAKE A U-TURN FROM THESE LEVELS. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5470 THEN LIKELY TO COME DOWN TO 5450 AND THEN TO 5400 ANY BREAK BELOW 5400 WOULD TAKE NIFTY TO ALMOST PREVIOUS LOWS I.E., 5200 LEVELS IN A VERY SHORT TIME. STAY CAUTIOUS IN THE MARKETS AS WE MAY SEE GREAT VOLATILITY GOING FORWARD. AT THE OPENING ONE CAN SHORT NIFTY WITH A STOPLOSS OF 5511 AS NIFTY WOULDN’T MOVE UP AS LONG AS NIFTY TRADES ABOVE 5511. STRENGTH ON THE POSITIVE SIDE OF THE MARKETS HAVE REDUCED TO A LOT OF EFFECT SO ONE IS ADVISED TO STAY CAUTIOUS ON THE LONGS.

INTRADAY TIPS FOR 16 FEBRUARY 2011

GOOD MORNING!!!

INDICES THOUGH STARTED THE TRADE ON A VERY CAUTIOUS NOTE TRACKING GLOBAL CUES WITH THE ASIAN MARKETS EXHIBITING MIXED TREND. HOWEVER THE INDICES FAILED TO CAPITALIZE ON THE INITIAL MOMENTUM IN THE MORNING SESSION AS THE FRONTLINE INDICES COULD NOT SUSTAIN THE HIGH LEVELS AND SUCCUMBED TO PROFIT BOOKING SOON AFTER THE MARKETS OPENED BUT HEFTY SHORT COVERING IN THE AFTERNOON SESSION UNDERPINNED SENTIMENTS WHICH LED THE INDICES TO BOUNCE BACK INTO THE GREEN ZONE FROM THE LOW POINT OF THE DAY. SUSTAINED BUYING ACROSS THE BOARD HELPED THE INDICES CLIMB ABOVE PSYCHOLOGICAL RESISTANCE LEVELS TO EVENTUALLY MAKING IT A POSITIVE CLOSE ON THE STRAIGHT THIRD DAY OF THE MARKET. THE BREADTH OF THE MARKET WAS POSITIVE IT TURNED OUT TO BE A VOLATILE DAY OF TRADE AS THE INDICES REBOUNDED AFTER DRIFTING TO LOWER LEVELS IN THE MORNING SESSION AS SUSTAINED POSITION BUILD UP WAS WITNESSED ACROSS THE BOARD. THE OIL & GAS WAS THE BIGGEST GAINER; THE RATE SENSITIVE BANKEX POCKET TOO SOARED AFTER WITNESSING HEFTY BUYING IN TOP BANKING SHARES. ADAG PACK HAS COMPLETELY OUT PERFORMED THE MARKETS.

TODAY MARKETS WOULD BE RANGE BOUND. IF NIFTY TRADES ABOVE 5480 THEN LIKELY TO MOVE UP TO 5500 AND THEN TO 5535 AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5560 LEVELS WHERE NIFTY WOULD FACE TOUGH RESISTANCE WOULD LIKELY TO COME DOWN FROM THERE ON. ONE IS ADVISED TO STAY OUT OF NIFTY IF TRADES BELOW 5520 AFTER BREAK ABOVE 5535 AND IF NIFTY TRADES BELOW 5440 BEFORE BREACHING 5500 THEN ONE IS ADVISED TO STAY SHORT BELOW 5440 LEVELS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5440 THEN ONE CAN SEE NIFTY TO MOVE DOWN TO 5400 AND THEN 5356 LEVELS. ONE IS ADVISED TO STAY CAUTIOUS THOUGH ALL STOCKS ARE MOVING POSITIVE SINCE THE STRENGTH OF THE MARKET IS NOT CLEARLY VISIBLE IN ALL THE STOCKS WE HAVE SEEN RECOVERY IN ONLY FEW HEAVY WEIGHT WHICH HAS PUSHED THE MAREKTS TO A DECENT LEVEL FROM THE RECENT FALL BUT IF ONE LOOKS AT THE MARKETS ON A BROADER PERSPECTIVE WE HAVE SEEN NOTHING MUCH HAS HAPPENED IN THE MARKET ON THE POSITIVE FRONT. IF YOU LOOK AT PORTFOLIOS OF THE INVESTORS, ALMOST MAJORITY OF THE PORTFOLIOS HAVE LOST ABOUT 25% TO 30% THOUGH IF YOU SEE THERE’S ONLY 10% DECLINE IN THE INDEX. THERE IS NO CONVICTION IN THE MARKETS, TILL THEN STAY CAUTIOUS. ANOTHER POINT OF CONCERN IS WORRYING FIGURES OF FIIS CONSTANTLY THEY ARE DRIVING THEMSELVES OUT OF THE INDIAN MARKETS WHICH IS ONE OF THE MOST NEGATIVE POINT FOR OUR MARKETS.

INTRADAY TIPS FOR 15 FEBRUARY 2011

GOOD MORNING!!!

CUPID STRUCK TO THE STOCK MARKETS ALL OVER THE WORLD AND INDICES CONTINUED ITS PULLBACK RALLY, INITIALLY STARTED WITH GAP-UP TRACKING THE STRONG ASIAN MARKETS, WHICH WERE IN RALLY MOOD SINCE BEGINNING AND CLOSED IN GREEN NOT ONLY THE ASIAN BUT ALSO THE ENTIRE WORLD EQUITY INDICES SURGED ON HOPES THAT GLOBAL ECONOMIC RECOVERY WILL STRENGTHEN AS OIL PRICES RETREATED AFTER THE POLITICAL TENSIONS SUBSIDE WITH THE RESIGNATION OF EGYPTIAN PRESIDENT HOSNI MUBARAK. WITH THE CHINESE SHANGHAI COMPOSITE SHOOTING UP WITH THE NEWS THAT CHINA’S $5.88 TRILLION GDP SURPASSED JAPAN’S $5.47 TRILLION IN 2010, THEY WENT CRAZY AND CLOSED OVER 2.5% WHICH HAS IGNITED AND INFLUENCED MAJORITY OF THE ASIAN INDICES NOT ONLY THE EXTERNAL NEWS BUT ALSO THE INTERNAL NEWS OF THE IMPRESSIVE RESULTS, ESPECIALLY FROM TATA MOTORS AND MAHINDRA SATYAM, TOO CONTRIBUTED TO THE BUOYANT MOOD OF THE MARKETS IN THE MID MORNING SESSION. INDICIES GAINED FROM STRENGTH TO STRENGTH AND RE-CONQUERED CRUCIAL LEVELS TO EVENTUALLY SETTLE AROUND THE HIGH POINT OF THE DAY. THE MARKET BREADTH OF THE MARKET WAS EXTREMELY OPTIMISTIC AND CLOSED ABOVE THE PSYCHOLOGICAL LEVELS.

TODAY MARKETS WOULD BE FLAT AND RANGE BOUND, IF NIFTY TRADES ABOVE 5460 THEN LIKELY TO MAKE AN UPMOVE TO 5498 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5547 LEVELS ONE IS ADVISED TO STAY CAUTIOUS AFTER NIFTY REACHES 5547 AND AVOID POSITIONALLY AFTER NIFTY REACHES 5547 AS MARKETS LIEKLY TO SEE SOME DOWNSIDE ANYWHERE AFTER REACHING 5547 AND WOULD TAKE A U-TURN FROM THERE ON, ONE IS ADVISED TO STAY VERY CAUTIOUS IN THE MARKETS AFTER IT ATTAINS 5547 LEVELS. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5440 THEN LIKELY TO COME DOWN TO 5408 LEVELS AND ANY BREAK BELOW 5400 LEVEL WOULD TAKE NIFTY TO 5366 LEVELS ONE IS ADVISED TO BE ON THE POSITIVE SIDE FOR ANOTHER 90 POINTS IN NIFTY THERE AFTER WE MAY HEAD TOWARDS SOUTH AND BREACH PREVIOUS LOWS TOO.