Intraday Stock Trading

Today MCX GOLD May agreement was dealing at Rs 29168.20 up Rs 39.20, or 0.14%. It moved an intraday great of Rs 29221.00 and an intraday low of Rs 29152.00. So far 6105 agreements have been exchanged. More Information about Intraday tips visit the site intraday-stock-trading.blogspot.com

At 13:22 hrs Intraday MCX GOLD Aug agreement was dealing at Rs 29546.20 up Rs 36.00, or 0.13%. It moved an intraday great of Rs 29595.00 and an intraday low of Rs 29452.20. So far 335 agreements have been exchanged.

At 13:22 hrs MCX GOLD Oct agreement was dealing at Rs 29876.20 up Rs 12.00, or 0.05%. It moved an intraday great of Rs 29927.00 and an intraday low of Rs 29870.00. So far 38 agreements have been exchanged.

HDFC LTD (LTP: 676.7) - SELL
Intraday Picks For present-day business, brief place can be started only in Rs.683-686 variety for a focus on of Rs.671, with a demanding stop-loss of Rs.692.52. Investors are recommended to prevent day whipsaw. More Information about free share tips visit the site intraday-stock-trading.blogspot.com

TATA POWER (LTP: 105.8) - BUY
For present-day business, lengthy place can be started only in Rs.104 -102 variety for a focus on of Rs.107-109, with a demanding stop-loss of Rs.102. Investors are recommended to prevent day whipsaw.

HAVELLS (LTP:567) - BUY
For present-day business, lengthy place can be started only in Rs.562 -559 variety for a focus on of Rs.575-580, with a demanding stop-loss of Rs.555. Investors are recommended to prevent day whipsaw.

ITC (LTP:247) - BUY
For today's trade, long position can be initiated only in Rs.242 -240 range for a target of Rs.249-252, with a strict stop loss of Rs.238. Traders are advised to avoid early morning whipsaw.

Marketplaces finished with minor failures on Thursday after a unstable time ahead of Apr F&O expiration. In the mid-day Stock trade, the main spiders dropped greatly after the foreign score agency Standard & Poor's revised its Native indian perspective to negative, stating investment & economic growth recession and increasing of current account lack. More information about Stock trading tips visit the site intraday-stock-trading.blogspot.com

But, the restoration by the Stock trading market towards the end of the time indicated that it priced in the news. Even the benefit in Western markets assisted Native indian shares restore.

• Industry depth was adverse as the A/D rate was 0.67:2 on the BSE.

• NSE money income was Rs.10,472crs. Vs. Rs.11,853crs. in the past time.

• Unless the BSE FMCG, Automatic and Medical care spiders, all the sectoral spiders finished reduced. The top losers were the BSE CD, IT, Real estate and Energy spiders. The top gainers from the BSE 30 were Bharti Airtel, Hero Moto Corp, Sterlite and Maruti. The top nonwinners were Wipro, GAIL, BHEL and TCS.

As per the provisional results on Thursday, FIIs were net suppliers of Rs. 342crores in the money industry, while they were net customers of Rs. 292 crores in the F&O industry. DIIs were minor net customers of Rs. 41 crores in the money industry.

Yes Financial Nifty institution revealed a strategy, known as Edition 2.0, on 29th Apr 2010, wherein, it targeted to develop its Stability Piece, Developments and Remains at a CAGR of 33%, 35% and 36% over FY10-15 to Rs1500 bn, Rs1000 bn and Rs1250 bn respectively. As of Dec 2011, it has been able to develop the same at a CAGR of 43%, 32% and 38% to Rs711 bn, Rs359 bn and Rs469 bn respectively from FY10. More Information about nifty trading tips visit the site intraday-stock-trading.blogspot.com

Financial on the benefits amount deregulation, Yes Bank was among the first financial institutions to raise rates on benefits records to 6% at first and later to 7%, leading to 99.2% YoY and 40.0% QoQ growth in benefits remains in Q3FY12 (leading to 160 bps QoQ enhancement in CASA rate to 12.6%). It has efficiently utilized several wage records and the account starting amount has grown by ~4x the pre-deregulation program (earlier it was gaining ~6000-7000 customers monthly, now it is almost at ~25,000 a month).

NIMs to increase in long term

Yes financial of nifty trading institution desires NIMs to increase to ~3.3% by FY15 from 2.8% in Dec 11. This will be assisted by enhancement in generate on developments led by improved puncture in the mid business & store sections and decrease in price of remains assisted by fast division development (from 331 in Dec 11 to 750 by Mar 14) and distinct mobilization of low price CASA remains.

Best resource quality

Nifty Asset excellent of Yes Financial institution continues to be among the best in the market, with major NPA of 0.20% & net NPA of 0.04% and supply protection rate of 80%. The control indicated that there is no immediate pressure on resource excellent and it does not anticipate considerable pressure in arriving places. It is being concerned on resource excellent and is carefully tracking its publication to prevent any rises. As of Dec 11, the lender's updated share was at a simple 0.47% of developments, which is one of the smallest in the market. It has also not been a part of any CDR until time frame.

Intraday Picks

DELTACORP (LTP: 67) - BUY
For present-day business, lengthy place can be started only in Rs.66-65 variety for a focus on of Rs.72-73, with a demanding stop-loss of Rs.64. Investors are recommended to prevent day whipsaw. More information about Intraday tips free trial visit the site intraday-stock-trading.blogspot.com

BHUSANSTEEL (LTP: 394) - BUY
For present-day business, lengthy place can be started only in Rs.385-380 variety for a focus on of Rs.415-425, with a demanding stop-loss of Rs.372 on ending base. Investors are recommended to prevent day whipsaw.

SUNPHARMA (LTP: 577) - BUY
For present-day business, lengthy place can be started only in Rs.567 -563 variety for a focus on of Rs.584-588, with a demanding stop-loss of Rs.558. Investors are recommended to prevent day whipsaw.

HINDALCO (LTP: 124.1) - BUY
For today's trade, long position can be initiated only in Rs.123 -122 range for a target of Rs.125.5-128, with a strict stop loss of Rs.121. Traders are advised to avoid early morning whipsaw.

Larsen & Toubro: Larsen & Toubro has signaled a trend reversal after three white soldiers failed to carry the positive momentum beyond Rs1,376 which turns out to be the bearish resistance line. More Information about Intraday tips visit the site intraday-stock-trading.blogspot.com

The break away gap appearing on Tuesday Intraday tips session was also filled up after an appearance of negative candle on Wednesday trading session. The daily RSI has failed to ignite positive momentum and has been struggling to surpass the resistance of 56 levels.

Recommendation: Indiainfoline recommends intraday to go short on L&T April Fut below Rs1341.6 with stop loss of Rs1366.5 for target of Rs1291.6. (Duration 7 days)

Shriram Transport Finance : On the daily chart, Shriram Transport Finance has been holding its 200-DMA for last three weeks followed by a range breakout above Rs602, thus putting an end to its consolidation phase and is likely to be followed with sharp up move towards Rs643. Adding to it the volume trend has been quiet impressive as it has been expanding with price rise.

REC LTD (LTP: 217.6) - SELL
For today's trade, short position can be initiated only in Rs.219-223 range for a target of Rs.203-200, with a closing based stop loss of Rs.226. More Information about free share tips visit the site intraday-stock-trading.blogspot.com

Share Tips For Intraday Picks

- LT (LTP: 1298.6) - BUY
For today's trade, long position can be initiated only in Rs.1278-1274 range for a target of Rs.1305, with a strict stop loss of Rs.1263. Traders are advised to avoid early morning whipsaw.

- MPHASIS (LTP: 406) - SELL
For today's trade, short position can be initiated only in Rs.414-416 range for a target of Rs.403, with a strict stop loss of Rs.423. Traders are advised to avoid early morning whipsaw.

- HDFC (LTP: 663) - BUY
For today's trade, long position can be initiated only in Rs.657 -653 range for a target of Rs.676, with a strict stop loss of Rs.649. Traders are advised to avoid early morning whipsaw.

- JETAIR (LTP: 333) - BUY
For today's trade, long position can be initiated only in Rs.326 -320 for a target of Rs.340-346, with a strict stop loss of Rs.317. Traders are advised to avoid early morning whipsaw.

- DLF (LTP: 207.4) - SELL
For today's trade, short position can be initiated only in Rs.209-211 range for a target of Rs.203-200, with a strict stop loss of Rs.213. Traders are advised to avoid early morning whipsaw. More information about Stock trading tips visit the site intraday-stock-trading.blogspot.com

- AXIS BANK (LTP: 1175.8) - BUY
For today's trade, long position can be initiated only in Rs.1160-1155 range for a target of Rs.1185-1200, with a strict stop loss of Rs.1140. Traders are advised to avoid early morning whipsaw.

- DR REDDY (LTP: 1693) - BUY
For today's trade, long position can be initiated only in Rs.1650-1660 range for a target of Rs.1710-1730, with a strict stop loss of Rs.1640. Traders are advised to avoid early morning whipsaw.

MARUTI (LTP: 1309.5) - SELL
For today's trade, short position can be initiated only in Rs.1320-1330 range for a target of Rs.1235-1215, with a closing based stop loss of Rs.1370.

Prakash Gaba said ‘Technically the market is still in a sell mode... we are now into an F&O expiry week...we also now head into a the Financial Year ending...the market is expected to be volatile and if it slips down then the target of 5080 could be achieved...however 5400 is a stiff resistance to deal with.’ More Information about nifty trading tips please visit the site intraday-stock-trading.blogspot.com

The market unfolded volatile as expected and came closer to 5101 to bounce back on the last day of the week to close marginally positive.

Technically the bar generated for the week is a bar that displays strength and gives an indication that the down move temporarily could be arrested. We now have a truncated week with just 2 days of trading with a long weekend ahead. Technically we could see some volatility and the upside could be limited to 5382 zones with strong support emerging around 5200 zones.

From a trading point of view, Prakash Gaba advises traders to trade long as long as 5200 holds

- AMBUJACEM (LTP: 167) - BUY
For today's trade, long position can be initiated only in Rs.162 -158 for a target of Rs.176, with a strict stop loss of Rs.156 (closing basis). More information about Stock Intraday tips visit the site intraday-stock-trading.blogspot.com

Stock Intraday Picks

- WIPRO (LTP: 436.9) - BUY
For today's trade, long position can be initiated only in Rs.428-426 range for a target of Rs.438, with a strict stop loss of Rs.421. Traders are advised to avoid early morning whipsaw.

- GAIL (LTP: 367.8) - BUY
For today's trade, long position can be initiated only in Rs.361 -359 range for a target of Rs.369-374, with a strict stop loss of Rs.355. Traders are advised to avoid early morning whipsaw.

- REC LTD (LTP: 194.3) - BUY
For today's trade, long position can be initiated only in Rs.191 -188 range for a target of Rs.194.50-199, with a strict stop loss of Rs.187.50. Traders are advised to avoid early morning whipsaw.

- ANDHRABANK (LTP: 119) - BUY
For today's stock intrade, long position can be initiated only in Rs.114.5-112 for a target of Rs.118-122, with a strict stop loss of Rs.112. Traders are advised to avoid early morning whipsaw.

Technical View:

The daily chart on NIFTY suggests that the NIFTY has resistance at 5311/5341. If it breaks 5341 we could see the next key resistance levels of 5421/5451 or even 5490. On the down side, the NIFTY has found the support at 5181/5141 levels. More Information about nifty trading tips please visit the site intraday-stock-trading.blogspot.com. Technically the short term trend on NIFTY is likely to remain volatile. Trade Cautiously as breakout of 5180/70 would invite fresh selling pressure and then 5121/5071 is possible

Day Trading Strategy:

Nifty may open flat to negative note and it would remain range bound between 5181 and 5281 levels. Breakout of either level would dictate the intraday trend. The overall daily chart structure is likely to remain volatile and it has support at 5140 and 5121. Below this level, it could test 5090/5070 levels. On the higher side, the resistance for NIFTY is seen at 5310 and 5341. Volatility may remain high ahead of F&O market expiry.

BHUSHAN STEEL (LTP: 396.5) - BUY
For today's trade, long position can be initiated only in Rs.385-380 range for a target of Rs.405-420, with a closing based stop loss of Rs.375. More information about Intraday tips free trial visit the site intraday-stock-trading.blogspot.com

Intraday Picks

- LT (LTP: 1300.7) - SELL
For today's trade, short position can be initiated only in Rs.1330-1335 range for a target of Rs.1300-1289, with a strict stop loss of Rs.1348. Traders are advised to avoid early morning whipsaw.

- YES BANK (LTP: 372.1) - BUY
For today's trade, long position can be initiated only in Rs.366 -363 range for a target of Rs.376-383, with a strict stop loss of Rs.359.50. Traders are advised to avoid early morning whipsaw.

- TATA MOTORS (LTP: 272.6) - BUY
For today's trade, long position can be initiated only in Rs.268 -267 range for a target of Rs.274, with a strict stop loss of Rs.264. Traders are advised to avoid early morning whipsaw.

- SESAGOA (LTP: 199) - BUY
For today's trade, long position can be initiated only in Rs.198 -196 range for a target of Rs.204-206, with a strict stop loss of Rs.194. Traders are advised to avoid early morning whipsaw.

Intraday Picks

- STER (LTP: 113.6) - SELL
For today's Intraday Tips, short position can be initiated only below Rs.112 for a target of Rs.108.51-107, with a strict stop loss of Rs.114. Traders are advised to avoid early morning whipsaw. More information about intraday tips please visit the site intraday-stock-trading.blogspot.com

Positional Pick

- BHUSHAN STEEL (LTP: 396.3) - BUY
For today's trade, long position can be initiated only in Rs.385-380 range for a target of Rs.405-420, with a closing based stop loss of Rs.375.

- BANK OF INDIA (LTP: 355.4) - SELL
For today's trade, short position can be initiated only in Rs.359-362 range for a target of Rs.353-352, with a strict stop loss of Rs.365.50. Traders are advised to avoid early morning whipsaw.

- POWERGRID (LTP: 106.24) - BUY
For today's trade, long position can be initiated only in Rs.104.5-103.2 range for a target of Rs.108-110, with a strict stop loss of Rs.102. Traders are advised to avoid early morning whipsaw.

- PRAJIND (LTP: 78.5) - BUY
For today's trade, long position can be initiated only in Rs.77-74 range for a target of Rs.80, with a strict stop loss of Rs.74.5. Traders are advised to avoid early morning whipsaw.

AUROPHARMA (LTP: 114.1) - BUY
For today's trade, long position can be initiated only in Rs.112 - 110 range for a target of Rs.125, with a closing based stop loss of Rs.108.

Intraday Picks

- TATA MOTORS (LTP: 283.6) - SELL
For today's trade, short position can be initiated only in Rs.288-290 range for a target of Rs.283-282, with a strict stop loss of Rs.294. Traders are advised to avoid early morning whipsaw.

- HINDALCO (LTP: 141.1) - SELL
For today's trade, short position can be initiated only in Rs.143.50-146 range for a target of Rs.140-137, with a strict stop loss of Rs.146.51. Traders are advised to avoid early morning whipsaw.

- BANK OF INDIA (LTP: 355.1) - BUY
For today's trade, long position can be initiated only in Rs.34 -344 range for a target of Rs.355, with a strict stop loss of Rs.338. Traders are advised to avoid early morning whipsaw.

- DRREDDY (LTP: 1676) - BUY
For today's trade, long position can be initiated only in Rs.1650-1641 range for a target of Rs.1700, with a strict stop loss of Rs.1626. Traders are advised to avoid early morning whipsaw.

More information about Free Share Tips please visit the site intraday-stock-trading.blogspot.com

The Nifty opened and breached our stop loss at 5435 in the first fifteen minutes of trading, thus locking in a good profit for us. The RBI did not make any changes to the CRR nor did it cut rates hence today being a potential event day became a non event day. There were so many built in longs in the system especially on the Bank Nifty yesterday expecting an event day, which is why the Bank Nifty(Nifty Trading Tips) corrected sharply today.

Most analysts would say to stay out of the market on big event days like tomorrow, could be a wise move. However after seeing the way the market has been gaping up this last week and the down move today, also considering the market has moved up sharply since the 3rd of January 2012, there is potential down side or a correction as we technical analysts might call it.

Hence I have gone short on the market with a stop loss at 5465, to be clear I have gone short with 25% of the quantity I usually trade. This is a high risk trade!

"Stock Trading Tips"

The Bank Nifty (index covering banking Stock Trading) is at its lowest in last 18 months. Bank Nifty Index was quoting at 11,484.7 in the beginning of FY12. It has fallen 23% to 8,839.8 while the broader market has fallen just 15%.

The reasons besides the weak macro-economic have been low capital adequacy, high interest rates and fear of increasing NPAs. Banking shares were also under pressure after global credit rating agency Moody’s Investor Service cut the standalone rating of India’s largest public sector bank, SBI in October 2011 due to concerns over capital and rapid deterioration in asset quality. The agency cut its rating on SBI’s financial strength to D+ from C- and lowered its hybrid debt rating on the bank to Ba3 from Ba2, following the reduction in financial strength rating.

The repo rate, the rate at which banks borrow from the RBI for short duration, was increased by 375 bps between March 2010 and September 2011 to control inflation. In this rising interest rate scenario, the net interest margin (NIM) of nationalised banks, which account for 75% of the assets of the banking system, increased from 2.64 % in March 2010 to 3.3 % in March 2011. However, in the period between March and June 2011 when interest rates have continued to rise, the NIMs of nationalised banks shrunk to 2.9%.

Outook: Outlook in the near term may improve if better than expected performance is reported in Q3FY12 results. Net Interest Margins and deterioration of asset quality are the two key areas that one should watch out for in Q3FY12. NIMs may improve sequentially as the base rate hikes of July take full impact and lower slippages should take away less from interest income as system-based NPL recognition no longer remains an overhang. On a sequential basis, provisions could be lower propping up net profit growth.

Private banks may also fare well or better than their PSU peers since the provisioning pressure isn’t likely to be as much. However, we see the scope of increasing loan restructurings across sectors including SEBs, Airlines, Metals, Telecom, Infrastructure, Power, Construction and SMEs which is likely to act as a continuous sentiment dampener until clarity emerges on a turning economic cycle.

Hence, if Bank Stock Trading rise in anticipation or in response to the Q3FY12 results, it may be a good idea to look at the numbers closely and prepare to reduce holdings if enough clarity is not available on NPA situation easing in the next few quarters.

"Stock Intraday Tips"

Base business orders to grow, large orders taking time: Thermax reiterated its ability to win base business orders of at least Rs5-6bn per quarter and hence, does not expect the order flow to be below the Q3FY12 levels (Rs5.9bn). The peak base business order flow was Rs10.5bn in FY08. The current capacities can take base business orders up to Rs14bn per quarter.

However, with very few enquiries for large and captive power plants, the order flow is likely to be muted for the next two quarters due to the given current issues like coal availability and higher cost of funds. The company expects the recovery to happen by H2FY13. Sectors like Cement, Steel and Oil & Gas (refineries) are likely to lead the recovery apart from sectors like Food processing, Hotels and Hospitals which are already investing. Power sector is likely to take time to recover.

Super critical JV update: The JV for super critical boilers with Babcock & Wilcox is on track and is likely to be commissioned by September 2012. However, with no enquiries in the pipeline, it is unlikely that the JV will have an order at the time of commissioning. The burn out for JV assuming no revenues in FY13 or FY14 (due to lack of orders) could be ~Rs1bn (Thermax share 51%). Some of the losses could possibly be offset if the JV were to get some international orders from its partner Babcock and Wilcox. The management did not sound too worried as the company’s share of losses in the JV is not large compared to the net worth.

Management believed that apart from issues like coal and land, the biggest hurdle for Power market will be for promoters garner equity. It also believes that though current preference is for Super critical plants, but given the constraint of coal and equity, smaller size plants of 150MW and 300MW might be back in favour. On issues of lack of coal linkage to captive plants, company commented that the economics will work for captive plants even if they have to import coal and run the plant as price of electricity is likely to go up further with capacity addition lagging target.

Stock Valuation and Recommendation: The Stock Intraday at 17.8x FY13E earnings. Prabhudas Lilladher believes that though the next few quarters will be weak in terms of earnings and order flow, Thermax’s ability to bag base orders of ~Rs5-6bn per quarter gives us a confidence that it will be able to tide the slowdown and participate in the upturn of the cycle meaningfully and surprise positively in terms of order flow. Expectation of rate cut aiding recovery of capex cycle will also help support multiples. Prabhudas Lilladher maintains their ‘Accumulate’ rating on the Stock Intraday tips.

"Intraday Tips Free Trial"

GUJFLUORO (LTP: 501) - BUY
For today's trade, long position can be initiated only in Rs.480-470 range for a target of Rs.520-540, with a closing based stop loss of Rs.460.

"Intraday tips"

Intraday Picks

- HCL TECH (LTP: 480.9) - BUY
For today's trade, long position can be initiated only in Rs.475-472 range for a target of Rs.487, with a strict stop loss of Rs.466. Traders are advised to avoid early morning whipsaw.

- AXIS BANK (LTP: 1150) - SELL
For today's trade, short position can be initiated only below Rs.1140 for a target of Rs.1105, with a strict stop loss of Rs.1158. Traders are advised to avoid early morning whipsaw.

- TATA POWER (LTP: 113.5) - SELL
For today's trade, short position can be initiated only in Rs.115.50-116.50 range for a target of Rs.112-110, with a strict stop loss of Rs.118. Traders are advised to avoid early morning whipsaw.

- INDIANBANK (LTP: 232.0) - BUY
For today's trade, long position can be initiated only in Rs.227-225 range for a target of Rs.238-240, with a strict stop loss of Rs.222. Traders are advised to avoid early morning whipsaw.

- APOLLOTYRE (LTP: 77.5) - BUY
For today's trade, long position can be initiated only in Rs.75 -74 range for a target of Rs.79-80, with a strict stop loss of Rs.72.5. Traders are advised to avoid early morning whipsaw.