INTRADAY TIPS FOR 22 MARCH 2011

GOOD MORNING!!!

INDICES BOUNCED BY OVER 100 POINTS IN THE OPENING TRADE ON EMERGENCE OF BUYING IN THE FRONT END STOCKS WHICH GOT SUPPORT FROM ASIAN PEERS. HOWEVER, THE FRONTLINE INDICES IMMEDIATELY ERASED ALL THE OPENING SESSION GAINS AND DRIFTED INTO THE RED TO TOUCH THE LOW POINT OF THE DAY. SELECTIVE BUYING IN SOME UNDERVALUED SHARES THEREAFTER HELPED THE INDEX CLAW BACK IN TO THE GREEN TERRITORY IN THE LATE MORNING SESSION. AFTER GYRATING IN A NARROW BAND AND TRADING IN THE GREEN FOR SOME TIME, THE FRONTLINE INDICES SLIPPED BACK INTO THE RED AS INVESTORS TOOK PROFITS OFF THE TABLE IN THE LATE HOURS OF TRADE AND MANAGED TO CLOSE WITH A MARGINAL LOSS. THE BREADTH OF THE MARKET REMAINED NEGATIVE.

TODAY MARKETS WOULD BE RANGE BOUND UNTIL IT BREACHES UPSIDE RANGE OF 5425 AND DOWNSIDE RANGE OF 5350 LEVELS. IF NIFTY TRADES ABOVE 5425 THEN LIKELY TO MOVE UP TO 5460 LEVELS AND THEN TO 5500 LEVELS. IF NIFTY CLOSES ABOVE 5500 LEVELS ONE CAN SEE SOME BARGAIN HUNTING AND FRESH LONGS TO BUILD IN THE MARKET. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 5350 THEN LIKLEY TO COME DOWN TO 5310 AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY DOWN TO 5258 LEVELS, ANY CLOSE BELOW 5300 IS CONSIDERED TO BE MUCH MORE DOWN SIDE IN A SHORT TIME, ONE SHOULD BE CAREFUL IF NIFTY CLOSES BELOW 5300 LEVELS.

INTRADAY TIPS FOR 21 MARCH 2011

GOOD MORNING!!!

MARKETS GOT OFF TO A GOOD START ON THE OPENING TRADE, WITH FINANCE AND OTHER SECTOR STOCKS RISING ON THE BACK OF SUPPORTIVE CUES FROM OVERNIGHT US MARKETS WHICH SURGED AROUND ONE AND HALF A PERCENT ON THE BACK OF THE SLEW OF GOOD ECONOMIC REPORTS THAT HELPED TO PUT ASIDE THE FEAR OF JAPANESE CRISIS. HOWEVER, WITH THE UNPLEASANT REPORTS ON THE RELIANCE INDUSTRIES ON PRODUCTION FROM KG BASIN HAS PUT HUGE PRESSURE ON FRONTLINE INDICES AND ERASED ALL THE GAINS ALONG WITH THIS OTHER THINGS WHICH HAS PLAYED THE SPOIL SPORT WERE OPPOSITION RAISING QUESTIONS ON CONGRESS, WHICH IS ALREADY BURDENED BY CORRUPTION CHARGES, CULPABILITY AFTER WIKILEAKS CABLES REVELATION. THE BOURSES TOUCHED INTRADAY LOWS IN THE DYING HOURS OF SESSION AS THEY BREACHED THE CRUCIAL SUPPORT LEVELS. MARKET BREADTH REMAINED NEGATIVE.

TODAY MARKETS WOULD BE RANGE BOUND AND VOLATILE. IF NIFTY TRADES ABOVE 5425 THEN LIKELY TO MAKE AN UPMOVE TO 5455 LEVELS AND THEN TO 5475 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5500. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5379 THEN LIKELY TO COME DOWN TO 5350 LEVELS AND BELOW THIS POINT WOULD TAKE NIFTY FURTHER TO 5321 LEVELS AND ANY BREAK BELOW THIS POINT WOULD THEN TAKE NIFTY TO 5275 AND ANY CLOSE BELOW THE PREVIOUS CLOSE WE CAN SEE NIFTY TO SLIDE DOWN VERY FAST IN VERY SHORT SPAN OF TIME.

POSITIONAL TRADES
BUY AMTEK INDIA TGT 90/95

INTRADAY TIPS FOR 18 MARCH 2011

GOOD MORNING!!!

MARKETS GOT OFF TO A GAP DOWN START AS INVESTORS SQUARED OFF POSITIONS TRACKING DISCOURAGING LEADS FROM THE OVERNIGHT US MARKETS THOUGH THERE WAS SOME SENSE OF RECOVERY SEEN IN THE MARKETS WHICH WAS VERY SHORT LIVED AFTER THE KEY POLICY RATES HIT THE STREETS INVESTORS HAVE OPTED TO TAKE PROFITS OFF THE TABLE FROM RATE SENSITIVE SECTORS LIKE BANKS, AUTO AND REALTY. THE BOURSES AFTER TOUCHING INTRADAY LOWS IN THE DYING HOURS PARED SOME PORTION OF DECLINE TO EVENTUALLY SETTLE WITH LOSSES OF OVER A PERCENT. MARKETS CARRIED FORWARD THIS WEEK’S TREND OF CLOSING IN THE NEGATIVE TERRITORY AFTER EVERY POSITIVE CLOSE, WHICH HAS MADE INVESTORS FEEL VERY INSECURE.

TODAY MARKETS WOULD BE VERY RANGE BOUND AND VOLATILE. IF NIFTY TRADES ABOVE 5490 THEN LIKELY TO MAKE AN UPMOVE TO 5518 LEVELS AND ANY TRADE ABOVE THIS POINT WOULD TAKE NIFTY TO 5540 LEVELS. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5440 LEVELS THEN CAN DRAG NIFTY DOWN TO 5420 AND THEN TO 5394 LEVELS ANY TRADE BELOW 5400 IS CONSIDERED TO BE VERY WEAK AND CLOSE BELOW 5400 CAN LEAD NIFTY TO 5170 LEVELS.

INTRADAY TIPS FOR 17 MARCH 2011

GOOD MORNING!!!

MARKETS GOT OFF TO AN OPTIMISTIC START TRACKING REBOUND IN OTHER ASIAN MARKETS ON BARGAIN BUYING AND A FURTHER DECLINE IN CRUDE OIL PRICES. THE MARKETS CONTINUED TO TRADE FIRM THROUGH THE DAY’S TRADE THERE WAS CONTINUAL AND SUSTAINED BUYING IN SEVERAL FRONT LINE STOCKS AND ELEGANTLY RECOVERED MAJORITY OF THE PREVIOUS DAYS LOSSES AND MANAGED TO CROSS THE CRUCIAL RESISTANCE LEVELS. BUT AFTER SURPASSING THE CRUCIAL RESISTANCE LEVELS AND TOUCHING INTRADAY HIGHS IN THE LAST TRADING SESSION PARED SOME PORTION OF THEIR GAINS DUE TO REBOUND IN CRUDE OIL PRICES COUPLED WITH SOMBER CUES FROM THE EUROPEAN PEERS. EVENTUALLY MARKETS MANAGED TO PERFORM LARGELY IN LINE WITH ASIAN PEERS AND SETTLE WITH OVER A PERCENT GAIN. BREADTH OF THE MARKET REMAINED POSITIVE BUT THE VOLUMES WERE VERY BLEAK.

TODAY MARKETS WOULD BE NEGATIVE TRACKING WEAK US AND EUROPE CLOSING ALONG WITH WEAK OPENING IN ASIAN PEERS. NIFTY MAY BE UNDER CONTINUAL PRESSURE AS WE ALSO HAVE POLICY REVIEW FROM CENTRAL BANK. IF NIFTY TRADES BELOW 5518 THEN LIKLEY TO COME DOWN TO 5482 AND THEN BELOW THAT WE CAN SEE NIFTY AT 5450 LEVELS AND ANY TRADE BELOW 5440 WOULD DRAG NIFTY TO 5400 LEVELS, STAY CAUTIOUS AROUND 5440 LEVELS AS THIS IS A MINOR SUPPORT FOR NIFTY AND TRADE BELOW THIS LEVEL WOULD DRAG NIFTY TO 5400 LEVELS BUT ANY TRADE BELOW 5400 LEVELS WOULD DRAG NIFTY BELOW 5170 LEVELS IN A VERY SHORT TIME. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5550 THEN LIKLEY TO MAKE AN UP MOVE TO 5576 LEVELS AND ANY TRADE ABOVE 5576 WE CAN SEE AT 5600. STAY CAUTIOUS IN THE MARKET WE MAY HAVE GREAT VOLATILITY.

INTRADAY TIPS FOR 16 MARCH 2011

GOOD MORNING!!!

MARKETS GOT OFF TO A GAP DOWN START TRACKING THE DISAPPOINTING LEADS FROM JAPANESE MARKETS WHICH TOOK AN EXTREME DIVERGENCE OF OVER 12% AS THE NATION CONTINUE TO COPE WITH THE AFTERMATH OF LAST WEEK'S DEVASTATING EARTHQUAKE AND MASSIVE TSUNAMI FOLLOWED BY A NEW EXPLOSION RESULTING IN RADIATION LEAK AT THE FUKUSHIMA NUCLEAR POWER PLANT. INITIALLY MARKETS SLIPPED IN DEEP RED AND WITHIN FEW MINUTES OF IT STARTED GAINING THE MOMENTUM IN THE FRONT END STOCKS ON ROBUST BUYING ESPECIALLY IN RELIANCE COUNTER AND RECOVERD ALMOST 130 POINTS IN NIFTY AND MORE THAN 300 POINTS IN SENSEX BUT WITH THE EUROPE MOVING CONTINUOUSLY ON TO LOWER LOWS WHICH HAD BLEEDED ALMOST 6% MARKETS STARTED GIVING AWAY THE RECOVERED GAINS AND POSTED DECENT LOSSES ON THE INDICES. VOLUMES IN THE MARKETS WERE GOOD ENOUGH AND BREADTH REMAINED VERY WEAK FOR THE ENTIRE DAY BARRING VERY FEW STOCKS. THE ONLY MARKET WHICH GOT RECOVERED IN THE LAST DAYS TRADE AFTER THE INITIAL DOWNFALL WAS INDIAN MARKETS. BANKING AND REALITY ALONG WITH AUTO STOCKS WERE UNDER PRESSURE AHEAD OF RBI’S MID-QUARTERLY POLICTY REVIEW TOMORROW THE 17 MARCH 2011

TODAY WE MAY OPEN GAP OPENING TRACKING POSITIVE OPENING OF ALL ASIAN PEERS. IF NIFTY TRADES ABOVE 5460 LEVELS THEN LIKELY TO MAKE ITS UPMOVE TO 5486 LEVELS AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5514 LEVELS AND FURTHER TO 5565 LEVELS ANY CLOSE ABOVE 5518 IS A POSITIVE SIGN IN THE MARKET IN THE DAY AHEAD. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5440 THEN LIKELY TO COME DOWN TO 5409 AND ANY BREAK BELOW THIS POINT WOULD DRAG NIFTY TO 5378 AND ANY CLOSE BELOW 5400 IS A WEAK SIGN IN NIFTY AND WE MAY HEAD DOWN BELOW 5175 LEVEL IN A VERY SHORT TIME. ONE OF THE VERY CRUCIAL SUPPORT FOR NIFTY IS 5400 LEVELS, SO STAY CAUTIOUS AT THIS LEVEL AND ON THE UPSIDE NIFTY MAY RESIST 5500 LEVELS. STAY CAUTIOUS ON THE SECTORS LIKE AUTO, BANKING AND REALITY THESE MAY BE WEAK.

INTRADAY TIPS FOR 15 MARCH 2011

GOOD MORNING!!!

MARKET GOT OFF TO A SOFT START TRACKING ASIAN PEERS WHICH WERE TRADING IN SUBDUED NOTE. MARKETS SOON RECOVERED FROM EARLY MORNING'S LOSSES AND GRADUALLY KEPT GAINING STEAM ON THE BACK OF ROBUST BUYING IN AVIATION, ENERGY AND AUTO STOCKS, OWING TO A FALL IN OIL PRICES. THE BUYING INTERESTS GOT REINFORCED IN THE SECOND HALF OF TRADE AS THE INDICES WERE PROPELLED BY HEFTY POSITION BUILD UP IN HEAVYWEIGHT RELIANCE INDUSTRIES AND WITH SOME UNWINDING OF POSITIONS WHICH ELEVATED THE MARKETS FURTHER. EVENTUALLY MARKETS STAGED A STRONG RECOVERY, THOUGH THERE WAS A VERY GOOD RECOVERY SEEN ON THE INDICES FRONT THERE STILL REMAINS A WORD OF CAUTION AS THE MARKETS WENT UP WITH NO MUCH VOLUMES WHICH IS STILL A MATTER OF CONCERN. THOUGH THE BREADTH OF THE MARKETS REMAIN POSITIVE IT WAS NOT THE WAY IT SHOULD BE WITH A 86 POINT INCLINE IN THE NIFTY, THERE IS STILL LACK OF CONFIDENCE ON THE INVESTORS PART AS LONG AS THIS GROWS UP WE CANT REALLY BE SURE OF MARKETS TO MOVE HIGHER FROM THIS PLACE.

TODAY NIFTY MAY OPEN ON A NEGATIVE NOTE AND REMAIN UNDER PRESSURE AT EVERY HIGHER LEVELS, IF NIFTY TRADES ABOVE 5576 ONLY THEN IT CAN MOVE UP TO 5600 LEVELS ON THE UPSIDE AND ON THE FLIP SIDE IF NIFTY TRADES BELOW 5545 LEVELS LIKELY TO COME DOWN TO 5518 LEVELS AND THEN TO 5500 LEVELS AND ANY BREAK BELOW 5496 WOULD DRAG NIFTY TO 5450 LEVELS. BANK NIFTY LIKELY TO BLEED AS THERE IS A RAKE HIKE EXPECTED IN DAY AFTER TOMORROW RBI POLICY REVIEW MEET (17 MARCH 2011) BY ATLEAST 25 BASIS POINT. ONE CAN REMAIN SHORT ON EVERY RISE IN BANK NIFTY. AND WE DON’T SEE MUCH UPSIDE FROM HERE EVEN IN THE MARKETS ONLY IF RBI DOESN’T HIKE THE RATES THEN WE CAN SEE A GOOD RALLY, ELSE WE ARE LIKELY TO SUCCUMB TO PRESSURE.

INTRADAY TIPS FOR 14 MARCH 2011

GOOD MORNING!!!

MARKETS GOT OFF TO A GAP DOWN START TRACKING OVERNIGHT US MARKETS WHILE THE WEAKER-THAN-FORECASTED JAPANESE GDP NUMBERS WEIGHED ON THE REGIONAL PEERS. MAJORITY OF THE STOCKS RECOVERED FROM EARLY MORNING'S LOSSES AFTER THE DATA RELEASED BY GOVERNMENT SHOWED THAT INDUSTRIAL PRODUCTION GREW BY 3.7 PER CENT IN JANUARY AS AGAINST AN UPWARDLY REVISED RATE OF 2.5% IN DECEMBER. HOWEVER, THE INDICES CRUMBLED DEEP IN TO THE RED AS PANIC SELLING TOOK CENTER STAGE AFTER NEWS OF A MAJOR EARTHQUAKE IN JAPAN AND FAILED TO REGAIN. MARKETS CONTINUED TO STAGGER UNDER THE TREMENDOUS GLOBAL PRESSURE AS ONE DISCOURAGING EVENT AFTER ANOTHER POPPED UP IN DAYS TRADE WHICH IS LEADING THE MARKETS TO A NEGATIVE TERRITORY EVEN AFTER A POSITIVE START OR FROM A RECOVERY PHASE. BREADTH OF THE MARKETS REMAINED WEAK FOR THE ENTIRE DAY AND CLOSED MUCH WEAKER AT THE END.

TODAY MARKETS WOULD REMAIN RANGE BOUND AND VOLATILE. IF NIFTY TRADES BELOW 5450 THEN LIKELY TO COME DOWN TO 5400 LEVELS AND BREACH BELOW THIS LEVEL WOULD TAKE NIFTY DOWN FURTHER TO 5370 LEVELS AND ANY CLOSE BELOW 5400 WOULD MAKE NIFTY MUCH WEAKER IN THE DAYS AHEAD. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5470 LEVELS THEN LIKELY TO INCLINE TO 5492 AND THEN TO 5518 ANY TRADE ABOVE 5518 WOULD TAKE NIFTY FURTHER UPSIDE.

BUY TATA COFFEE TGT 980/1050
BUY TATA GLOBAL SL 100.40 TGT 104.60/107/108.60