INTRADAY TIPS FOR 11 APRIL 2011

GOOD MORNING!!!

MARKETS STARTED THE DAY ON A FLAT NOTE AFTER THREE CONSECUTIVE DAYS OF CONSOLIDATION, SENSE OF WEAKNESS FINALLY GOT TRICKLED IN TO THE LOCAL MARKETS WITH REAL SIGNS OF PROFIT BOOKING EMERGING ON THE LAST TRADING DAY OF THE WEEK. INVESTORS OVERLOOKED THURSDAY'S 7.1 MAGNITUDE AFTERSHOCK IN JAPAN AS THEY EXPECTED THAT DAMAGE DUE TO THE NATURAL CALAMITY WOULD BE LESS THAN INITIALLY FEARED. THE MARKETS TRADED IN THE GREEN ZONE FOR A BRIEF PERIOD AND DRIFTED INTO THE NEGATIVE TERRITORY SOONER THAN LATER AS THE INDICES MET WITH SEVERE RESISTANCE AT PSYCHOLOGICAL LEVELS. THE BOURSES MADE A DESPERATE ATTEMPT TO RISE ABOVE THE NEUTRAL LINE IN THE NOON TRADES BUT FAILED MISERABLY AS THEY WENT AHEAD TO MAKE FRESH INTRADAY LOW LEVELS IN THE LATE HOURS. SELLING PRESSURE IN HEAVYWEIGHTS GATHERED FORCE AFTER BRENT CURDE PRICES SURGED ABOVE $124 PER BARREL LEVEL, ADDING OVER A PERCENT POINT IN THE SESSION, ON REPORTS THAT FIERCE FIGHTING IN LIBYA DAMAGED THE COUNTRY'S LARGEST OIL FIELD EMERGED. THE REPORTS BUTTRESSED INTERNATIONAL OIL PRICES WHICH LED TO POSITION SQUARING ACROSS THE BOARD AS PROSPECT OF LONG-TERM SUPPLY CUTS IN CRUDE OIL UNDERMINED LOCAL MOOD AS INDIA IS DEPENDENT ON IMPORTS OF OIL TO THE EXTENT OF AROUND 80%. BOURSES FEARED THAT RISING OIL PRICES WOULD LEAD TO HEIGHTENED INFLATIONARY PRESSURE WHICH IN TURN WILL COMPEL THE RBI TO TAKE POLICY ACTIONS IN ITS ANNUAL MONETARY POLICY REVIEW MEET NEXT MONTH. HOWEVER, LATE SHORT COVERING BY INVESTORS HELPED THE BENCHMARKS TO CLAW BACK TO SOME EXTENT AFTER TOUCHING THE LOW POINT OF THE DAY TO EVENTUALLY SNAP YET ANOTHER SESSION IN THE RED TERRAIN. MARKET BREADTH TURNED NEGATIVE.

TODAY MARKETS WOULD OPEN NEGATIVE AND CONTINUE TO REMAIN ON THE NEGATIVE TERRITORY AND MAY WEAKEN ON THE CONCERNS OF OIL PRICES AS THEY ARE INCHING HIGHER AND HIGHER WHICH WILL PUT LOT OF PRESSURE ON THE INFLATION WHICH WILL IN TURN PAVE WAY TO THE REVIEW IN MONETARY POLICY, MARKETS MAY TAKE A CONSERVATIVE STAND FROM HERE ON AS THE INFLATION PRESSURE WILL HAUNT THE STREETS VERY BADLY FROM HERE ON TILL THE TIME CRUDE DOESN’T COOL. IF NIFTY TRADES BELOW 5872 ONE CAN STAY SHORT AND FOR A TARGET OF 5827 AND BREAK BELOW THIS LEVEL WOULD DRAG NIFTY DOWN TO 5800 AND BREACH BELOW THIS LEVEL WOULD DRIFT DOWN TO 5765 LEVELS. ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5885 THEN ONE CAN INITIATE LONGS FOR A TARGET OF 5908 AND THEN TO 5921 AND 5944 WHICH IS REMOTE FOR TIME BEING. STAY CAUTIOUS IN THE MARKETS FOR TAKING LONG POSITIONS AS THIS IS NOT THE IDEAL TIME TO DO SO, WE MAY SEE ONLY STOCK SPECIFIC ACTIVITY ON THE UP MOVE ONLY ON THE BASIS OF RESULTS. IIP NUMBERS MAY CHANGE THE DIRECTION AT ONE STAGE BUT MAY NOT HOLD TO THE MAXIMUM, IIP NUMBERS EXPECTED TO BE POSITIVE FOR THE STREET.

BUY ESSAR OIL SL 138 TGT 143/145/149

BUY SUZLON ABOVE 55.30 SL 55 TGT 56.30/57/58

INTRADAY TIPS FOR 08 APRIL 2011

GOOD MORNING!!!

INDICIES OPENED ON A FLAT NOTE TRACKING LEADS FROM ASIAN INDICES WHICH WERE TRADING MIXED AS INVESTORS REMAINED ON SIDELINES SEEING THE MODEST RISE IN THE WALL STREET AS CONCERNS OVER SPIRALING CRUDE OIL PRICES WHICH TRIGGERED HIGHER. INDICES CONTINUED TO TRADE ON A SOMBER NOTE THROUGH THE FIRST HALF BUT MADE A DESPERATE ATTEMPT TO RISE ABOVE THE NEUTRAL LINE IN AFTERNOON SESSION TRACKING THE POSITIVE OPENING OF THE EUROPEAN PEERS. HOWEVER, THE INDICES SOON DRIFTED INTO THE RED ZONE AFTER TOUCHING THE HIGHPOINT OF THE DAY IN THE MID AFTERNOON SESSION AS CAUTIOUS INVESTORS CHOSE TO BOOK PROFITS AT HIGHER LEVELS. FINALLY, THE BOURSES FAILED TO KEEP THEIR HEAD ABOVE THE WATER FOR YET ANOTHER SESSION AND SETTLED WITH MARGINAL LOSSES BELOW THE PSYCHOLOGICAL 5,900. THOUGH THE BREADTH OF THE MARKETS WERE EXTREMELY POSITIVE THE VOLUMES WERE ON LOWEST IN THE LAST FEW MONTHS.

TODAY MARKETS WOULD OPEN FLAT AND REMAIN IN A NARROW RANGE. WE MAY SEE NIFTY TO REMIAN VERY VOLATILE AND RANGE BOUND AND IF THERE IS ANY FURTHER SURGE IN THE OIL PRICES AND ANY REVIVAL IN CREDIT POLICY BY RBI THEN WE MAY WITNESS SOME SELLING ALONG WITH SOME PROFIT BOOKING IN THIS FAST RALLY. EVEN WITH NEWS LILKE SURGING OIL PRICES AND OTHERS MAY NOT PUT INDICES IN A DEEP TROUBLE AS WE HAVE BEEN NOTICING THAT CONSISTENT FOREIGN FUND INFLOW, SECOND CONSECUTIVE DROP IN INDIA’S WEEKLY FOOD INFLATION NUMBERS AND EXPECTATIONS OF UPBEAT QUARTERLY EARNINGS PERFORMANCES BY HEAVYWEIGHTS COMPANIES IN FOURTH QUARTER LIMITED THE DOWNSIDE RISKS FOR THE FRONTLINE INDICES TO THE MAXIMUM EXTENT. IF NIFTY TRADES BELOW 5898 THEN LIKELY TO COME DOWN TO 5886 AND THEN TO 5867 AND ANY FURHTER BREACH BELOW THIS POINT WOULD TAKE NIFTY TO 5850 LEVELS, IF NIFTY CLOSES BELOW 5867 THEN ONE CAN RETAIN SHORTS OVER NIGHT. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5918 LEVELS THEN LIKELY TO MAKE AN UPMOVE TO 5936 AND THEN TO 5950 LEVELS ONE HAS TO STAY CAUTIOUS ON THE UPSIDE FOR TIME BEING THOUGH WE MAY WITNESS STOCK SPECIFIC MOVES TO TAKE PLACE. FERTILIZERS LOOK GOOD.

BUY MIC SL 27.60 TGT 29.25/30/30.75

POSITIONAL TRADES

BUY CHAMBALFERT TGT 100

BUY UNITECH TGT 65

BUY GMR INFRA TGT 55

BUY ABAN TGT 850

BUY BIOCON TGT 450

BUY BATA (I) TGT 550

BUY JP POWER TGT 65

INTRADAY TIPS FOR 07 APRIL 2011

GOOD MORNING!!!

INDICES STARTED THE DAY ON AN ABSOLUTELY FLAT NOTE SINCE LEADS FROM THE ASIAN MARKETS WERE MIXED AS INVESTORS REMAINED CAUTIOUS ON THE BACK OF UNENTHUSIASTIC CLOSING IN OVERNIGHT WALL STREET, WHERE FED OFFICIALS RAISED CONCERNS THAT HIGHER ENERGY PRICES COULD WEAKEN THE ECONOMY. THE INDICES AFTER TRADING ABOVE NEUTRAL LINE FOR AROUND AN HOUR DRIFTED IN TO THE RED AND SOON GOT DRAGGED TO INTRADAY LOW LEVELS. THEREAFTER THE INDICES MANAGED TO BOUNCE BACK INTO THE GREEN TERRAIN FOR A BRIEF PERIOD IN THE EARLY NOON SESSION AS HEFTY BUYING WAS WITNESSED IN REALTY AND CONSUMER DURABLE STOCKS. HOWEVER, THE RECOVERY PROVED TO BE SHORT LIVED AND IMMEDIATELY SLIPPED BACK INTO THE RED ONLY TO KEEP GYRATING IN A NARROW BAND THROUGH THE END OF TRADE. EVENTUALLY THE FRONTLINE INDICES CONSOLIDATED THEIR POSITIONS FOR YET ANOTHER DAY AND SETTLED AROUND WITH MODERATE LOSSES BELOW PSYCHOLOGICAL LEVELS. THOUGH MARKETS CLOSED NEGATIVE THE BREADTH REMAINED POSITIVE FOR THE MARKET.

TODAY NIFTY WOULD OPEN FLAT AND RANGE BOUND. IF NIFTY TRADES BELOW 5900 THEN LIKELY TO COME DOWN TO 5865 LEVELS AND BREAK BELOW THIS POINT WOULD SLIDE NIFTY DOWN TO 5825 LEVELS AND ANY BREAK AND CLOSE BELOW THIS POINT WOULD TAKE NIFTY DOWN TO 5744 LEVELS. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5936 THEN LIKELY TO MOVE UP TO 5975 AND ABOVE THIS POINT WOULD TAKE NIFTY TO 6000 WHERE IT WOULD FACE A TOUGH RESISTANCE. IF NIFTY CLOSES BELOW 5865 THEN ONE CAN CARRY SHORT POSITIONS TO THE NEXT DAY. STAY CAUTIOUS ON THE UPSIDE FOR TIME BEING AS THERE IS EVERY POSSIBILITY FOR THE MARKETS TO RETRACE AS THERE IS GOOD AMOUNT OF UPSIDE SEEN IN THE LAST 10 TRADING SESSIONS.

INTRADAY TIPS FOR 06 APRIL 2011

GOOD MORNING!!!

INDICES GOT OFF TO A POSITIVE START AS INVESTORS REMAINED OPTIMISTIC AMID EXPECTATIONS OF ENCOURAGING FOURTH QUARTER EARNINGS BY CORPORATE. HOWEVER, THE INDICES SLIPPED INTO THE RED TERRAIN AS INVESTORS REMAINED CAUTIOUS RIGHT FROM THE INITIAL HOURS OF TRADE AS LEADS FROM ACROSS THE WORLD REMAINED SUBDUED BECAUSE OF ESCALATING PRICES OF INTERNATIONAL CRUDE WHICH ARE HOVERING AROUND THE HIGHEST LEVEL SINCE 2008 ON THE BACK OF GEOPOLITICAL RISKS TO SUPPLIES AND ON EXPECTATIONS OF IMPROVING ECONOMIC GROWTH. THE INDICES MOVED ONLY SIDEWAYS IN A TIGHT RANGE TILL MID MORNING SESSION BUT DRIFTED TO INTRADAY LOWS IN THE INITIAL MOMENTS OF THE SECOND HALF. HOWEVER, A SUDDEN REVIVAL IN METALS AND INFORMATION TECHNOLOGY WAS WITNESSED THEREAFTER AS INVESTORS COVERED THEIR SHORT POSITIONS IN THE DYING HOURS OF TRADE TO EVENTUALLY RECOVER MOST OF THE LOST GROUND AND SETTLE AROUND THE CRUCIAL SUPPORT LEVELS. THE BREADTH STILL REMAINS POSITIVE IN THE MARKET.

TODAY MARKETS WOULD OPEN FLAT AND WOULD TRADE IN A NARROW RANGE UNTIL THE LEVELS IN NIFTY ARE BROKEN ON THE UPPER OR THE LOWER BAND. IF NIFTY TRADES BELOW 5925 THEN LIKELY TO TRADE DOWN TO 5897 LEVELS AND THEN TRADE BELOW THIS LEVEL WOULD DRIFT DOWN TO 5865 AND THEN TO 5810 LEVELS. ON THE FLIP SIDE IF NIFTY TRADES ABOVE 5946 THEN LIKELY TO MAKE ITS JOURNEY TOWARDS 5974 AND THEN TO 6000 LEVELS BREAK AND TRADE ABOVE 6000 WOULD TAKE NIFTY TO 6050 LEVELS. ONE NEEDS TO REMAIN CAUTIOUS FROM THE CURRENT LEVELS WHERE NIFTY IS TRADING. WE MAY SEE EXTREMELY STOCK SPECIFIC MOVES TO SECTOR SPECIFIC MOVES AND WE MAY TRADE IN NARROW RANGES IN NIFTY AS WELL AS STOCKS. NEXT MARKETS DRIVER WOULD BE RESULTS KEEP A VIGIL ON THEM.

INTRADAY TIPS FOR 05 APRIL 2011

GOOD MORNING!!!

INDICES GOT OFF TO A STEADY START IN THE MORNING TRADE TRACKING LEADS FROM ASIAN MARKETS WHICH TRADED WITH CONVICTION AS SENTIMENTS TOOK SUPPORT FROM WALL STREET WHICH CLOSED HIGHER ON FRIDAY. INDICES PARED SOME OF ITS INITIAL GAINS IN THE MID-MORNING SESSION WHERE IT TOUCHED INTRADAY LOW LEVELS. HOWEVER, A SUDDEN REVIVAL WAS WITNESSED THEREAFTER AS STOCKS OF AUTO AND IT COMPANIES WITNESSED HUGE BUYING INTEREST WHICH EVENTUALLY TOOK INDICES TO NEW HIGHS, THOUGH THERE WAS GOOD AMOUNT OF PRICE HIKES SEEN IN STOCKS THERE IS A POINT OF CONCERN WHICH IS NOT REALLY GOOD FOR THE MARKETS THEY ARE VOLUMES, VOLUMES WERE VERY LOW THOUGH THE BREADTH OF THE MARKET IS STRONG WHICH IS A CLEAR INDICATION OF UNDERTONE OF MARKETS TO BE STILL SKEPTICAL, AS THE RECORDED VOLUMES IN THE LAST DAY IS AGAIN ONE OF THE LOWEST VOLUME DAY.

TODAY IF MARKETS OPEN ABOVE 5950 THEN LIKELY TO MOVE UP TO 5974 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 6000 LEVELS AND ANY BREAK ABOVE 6000 WOULD TAKE MARKETS TO 6041 LEVELS. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5935 LEVELS THEN WOULD SLIDE DOWN TO 5911 AND THEN TO 5887 LEVELS AND ANY BREAK BELOW THIS POINT WOULD FURTHER SLIDE DOWN NIFTY TO 5843 LEVELS ANY CLOSE BELOW 5870 LEVELS WOULD WEAKEN THE MARKETS IN THE DAY AHEAD. THOUGH WE MAY SEE MARKETS MOVE IN THE INITIAL TRADES BUT MAY NOT WITHSTAND TO A GREAT EXTENT AS THERE IS EVERY POSSIBILITY THAT MARKETS MAY TAKE U-TURN FROM HERE ON EVEN THOUGH THERE WOULD BE A POSITIVE BUYING INITIALLY WE MAY DEFINITELY SEE SOME AMOUNT OF CONSOLIDATION FROM HERE ON. MARKETS ARE IGNORING FEW VERY IMPORTANT THINGS WHICH IS NOT REALLY GOOD IN THE DAYS TO COME FIRSTLY, 2G SCAM WHICH REALLY DIDN’T PUT ANY PRESSURE ON THE TELECOM STOCKS YET. SECONDLY, MARKETS ARE NOT REALLY BOTHERING THE CRUDE PRICE SURGING WITH TURBULENCE AT THE MIDDLE EAST COUNTRIES THE SURGING OIL PRICES WOULD DEFINITELY POSE A GREATER IMPACT ALL OF A SUDDEN WHICH WILL LEAD MARKETS TO COME DOWN. THIRDLY, THE GAINS IN THE MARKETS WERE WITH LOW VOLUMES AND THAT TOO A RISE OF AROUND 12% IN THE INDEX WHICH IS NOT A HEALTHY SIGN FOR THE MARKETS IN THE DAYS AHEAD.

INTRADAY TIPS FOR 04 APRIL 2011

I JOIN THE VOICE OF EVERY INDIAN TO CONGRATULATE OUR INDIAN TEAM PLAYERS WHO MADE EVERY INDIAN PROUD BY WINNING THE HISTORIC EVENT.

GOOD MORNING!!!

INDICES STARTED THE TRADE WITH A SOFT START IN THE MORNING TRADE TRACKING LEADS FROM ASIAN MARKETS WHICH TRADED WITH MODERATE GAINS BECAUSE OF TEPID LEADS FROM OVERNIGHT US MARKETS WHICH CLOSED MIXED AFTER POSITIVE US ECONOMIC DATA GOT OFFSET BY THE SURGE IN CRUDE PRICES TO 30 MONTHS HIGH LEVELS AMID LINGERING TURBULENCES IN THE MIDDLE EAST NATIONS. THE INDICES SOON SLIPPED IN THE RED TERRAIN AND KEPT GYRATING AROUND THE NEUTRAL LINE THROUGH THE DAY’S TRADE, AS BULLS RAN OUT OF STEAM AFTER EIGHT-DAY LONG WINNING STREAK. THE INDICES HIT THE LOW POINT OF THE DAY IN THE DYING HOURS OF TRADE POST WHICH SOME SHORT COVERING IN REALTY, AUTO AND CEMENT STOCKS HELPED THE INDICES TO EVENTUALLY CLOSE THE LAST TRADING DAY OF THE WEEK JUST BELOW PREVIOUS CLOSING LEVELS. THOUGH THERE WERE VERY LOW VOLUMES IN THE MARKETS THE BREADTH REMAINED EXTREMELY POSITIVE.

TODAY MARKETS WOULD OPEN FLAT TO POSITIVE AND REMAIN IN A NARROW RANGE FOR SOMETIME. IF NIFTY TRADES ABOVE 5874 THEN LIKELY TO MOVE UP TO 5886 AND BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO 5900 LEVELS AND ANY BREAK ABOVE THIS POINT WOULD TAKE NIFTY TO NEW HEIGHTS. ON THE FLIP SIDE IF NIFTY TRADES BELOW 5850 THEN LIKELY TO COME DOWN TO 5835 AND THEN TO 5816 LEVELS AND BREAK BELOW THIS LEVEL WOULD WEAKEN THE NIFTY AND BREAK BELOW 5800 WOULD MAKE THE UNDERTONE NEGATIVE IN THE MARKETS. THE PRIME FOCUS WOULD BE THE CRUDE, SOARING IN CRUDE PRICES WOULD DEFINITELY PUT THE INDICES UNDER HUGE PRESSURE IN THE DAY AHEAD.

INTRADAY TIPS FOR 01 APRIL 2011

GOOD MORNING!!!

INDICES GOT OFF TO A STEADY START IN THE OPENING TRADE TRACKING OPTIMISTIC LEADS FROM OVERNIGHT WALL STREET WHICH CLOSED HIGHER LED BY GOOD JOBS DATA AND RALLY. INDICES GRADUALLY KEPT GATHERING MOMENTUM AND TOUCHED INTRADAY HIGHS AND THEN CAME HEFTY PROFIT BOOKING IN BANKING, AUTO AND REALTY WHICH DRAGGED THE INDICES EVEN BELOW THE NEUTRAL LINE THAT TOO JUST HALF AN HOUR BEFORE THE CLOSING BELL. BUT WHAT FOLLOWED IN THE FINAL MOMENTS OF TRADE WAS AN UNEXPECTED SHORT COVERING RALLY THAT HELPED THE BOURSES CONVALESCE MOST OF THE LOSSES AND SNAP EIGHTH STRAIGHT SESSION IN THE POSITIVE TERRAIN SETTLING A TAD BELOW THE PSYCHOLOGICAL LEVELS OF 5,850. THOUGH MARKETS WERE UP, THE MARKET BREADTH TURNED NEGATIVE BY THE END. IT WAS ALL IN ALL A ROLLERCOASTER RIDE ON THE SETTLEMENT DAY OF MARCH SERIES FUTURES AND OPTIONS CONTRACTS AS SENTIMENTS TURNED HIGHLY VOLATILE IN THE SECOND HALF OF THE SESSION.

TODAY NIFTY WOULD OPEN POSITIVE AND IF NIFTY TRADES ABOVE 5871 WOULD MOVE UP TO 5911 LEVELS AND ANY TRADE ABOVE THIS POINT WOULD TAKE FURTHER UPSIDE TO 5951 BUT WOULD EMPHASIZE THAT MARKETS ARE ON OVER BOUGHT REGION AND WOULD REVERSE THE TREND AT ANY GIVEN POINT SO IT IS WISE TO STAY AWAY FROM LONGS. IF NIFTY TRADES BELOW 5840 LEVELS WOULD TAKE NIFTY DOWN TO 5800 AND THEN TO 5760 LEVELS AND ANY FURTHER DOWNSIDE WOULD WEAKEN THE ENTIRE BREADTH OF THE MARKETS. AS OIL IS SURGING IT IS WISE TO STAY AWAY FROM THE MARKETS TO LARGE EXTENT. WOULD SUGGEST TO STAY CAUTIOUS.