IntradayTrade dot Net
Performance Results

Wednesday, 29-June-2011

  • For once the charts were proved wrong. What the market showed today was far removed from the indecisiveness the charts predicted yesterday. The NIFTY marched smartly forward to close above 5600 with good volumes. We have not actually gone past this strong resistance yet. We are at that level tonight. If we can cross this 5600-level with confidence tomorrow, there is nothing to stop the NIFTY from going to 5900-6050-6075 levels.
  • In keeping with the market trends, today was a good day for intraday traders. Not much volatility associated with expiry was seen today. Tomorrow we need to be careful for two reasons: F&O expiry and the expected pause on the way up. Both can team up and spoil the weekend.
  • Today, the Suggests of IntradayTrade dot Net gave good profits in LONG, following our PricePoints and Alerts. And these profits were not difficult to obtain. Only complain can be with HINDALCO at 184, but that has not been reported as, first, it was in the watch list, not a main Alert, and secondly, because it gave a lot of time to get out with minimum losses before hitting StopLoss. There were many other opportunities to make up for this loss later on.

 

SUGGESTS:

 

HINDALCO

 

PUNJLLOYD

 

SINTEX

 

ALSO SEE:

ESSAROIL

IDEA

ITC


 

SMS ALERTS for today

Pre-Market: 8:30am

Gap-up opening expected for our markets today;
Asian markets, except China, have opened big gap-up;
US closed on big high because of Greece optimism;
Dollar holding at 44.84; BRENT Crude up to $108.78;
NIFTY support levels today are: 5520, 5495 and 5480;
NIFTY resistance levels today are: 5570, 5600 and 5630;
Lack of domestic triggers may hinder growth;
This is F&O Expiry week; Volatility expected;
NIFTY expected to continue upward journey today;
Profit booking likely to set in at higher levels.

 

ALERT-1: 9:45am

Big Gap-up opening; Going strong now; Bias is neutral, however;
World markets good; Our market sentiments not clear;
Till the next Alert, See:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
SINTEX 174.50 173 176.50 179 340
IDEA 79.50 78.80 80.75 81.50 760

Also, keep a watch on ITC>196 and HINDALCO>184;
Follow PricePoints for these and other Suggests; All for LONG;

NIFTY around 5580 now; Fluctuating around this level;
Strong resistance at 5570 has been crossed on opening;
Resistance of 5600 has stopped advance;
This needs to be crossed for more upside;
Support is at 5570; More support is at 5520-5530 level;
Market direction not clear at the moment;
Slight positive bias is definitely emerging.

 

ALERT-2: 11:00am

Market in the green; Going flat now;
Bias is uncertain; Asian markets OK;
IDEA SINTEX gave profit in LONG since last Alert;
Hold if you are still in or see now:
ITC>196.50 HINDALCO>184 SINTEX>174.50; All for LONG;
Follow PricePoints; Careful in uncertain market ...

NIFTY around 5596 now; Going flat around 5575-5600;
Resistance of 5600 is under test;
This will have to be crossed for more upside;
Support is at 5570; More support is at 5520-5530 level;
Slight positive bias is consolidating;
Market expected to break free anytime now.

 

ALERT-3: 12:30pm

Market deep in green; But Going flat; Neutral bias;
World markets good; Our market sentiments still not clear;
ITC PUNJLLOYD SINTEX gave profits since last Alert;
Hold ITC>197.50 PUNJLLOYD>72.50 SINTEX>177 if in;
All for LONG; Follow PricePoints;

NIFTY around 5590 now; Fluctuating between 5580-5600;
Resistance at 5600 proving to be very strong;
Support is at 5570; More support is at 5520-5530 level;
Lack of conviction in market hindering progress;
Chances of expected breakout decreasing as time goes.

 

ALERT-4: 2:30pm

Market in the green; Flat bias; Going Range bound;
Almost all world markets in green; Europe also trading good;
ITC PUNJLLOYD SINTEX gave profit since last Alert;
All might surge in last-hour if market turns up;
Follow PricePoints for all; Careful...

NIFTY still testing resistance of 5600 now; Cannot overcome it;
Support is at 5570; More support is at 5520-5530 level;
Market likely to remain quiet in last hour;
Chances low for a positive breakout;
Stay away if already in profit.

 


 

 

PP1 PP2 PP3 PP4 PP5 PP6 PP7
169 172 177 179 182 185 187

Suggest-1:

HINDALCO

Approx. 1st Entry Point: Rs. — Stay Away —
Approx. 1st Exit Point: Rs.
Avg. No. of Shares Traded:
Approx. Profit per Share: Rs.
Approx. Profit Today: Rs. NIL

TOP


 

PP1 PP2 PP3 PP4 PP5 PP6 PP7
64 66 69 71 72 74 75

Suggest-2:

PUNJLLOYD

Approx. 1st Entry Point: Rs. 71.50
Approx. 1st Exit Point: Rs. 74
Avg. No. of Shares Traded: 840
Approx. Profit per Share: Rs. 2.50
Approx. Profit Today: Rs. 2100

TOP


 

PP1 PP2 PP3 PP4 PP5 PP6 PP7
163 165 171 173 175 178 180

Suggest-3:

SINTEX

Approx. 1st Entry Point: Rs. 175
Approx. 1st Exit Point: Rs. 178
Avg. No. of Shares Traded: 340
Approx. Profit per Share: Rs. 3
Approx. Profit Today: Rs. 1020

TOP


 

PP1 PP2 PP3 PP4 PP5 PP6 PP7
117 118 120 121 122 123 124

Also See-1:

ESSAROIL

Approx. 1st Entry Point: Rs. — Stay Away —
Approx. 1st Exit Point: Rs.
Avg. No. of Shares Traded:
Approx. Profit per Share: Rs.
Approx. Profit Today: Rs. NIL

TOP


 

PP1 PP2 PP3 PP4 PP5 PP6 PP7
75 76 77 78 79 80 81

Also See-2:

IDEA

Approx. 1st Entry Point: Rs. 79.70
Approx. 1st Exit Point: Rs. 80.20
Avg. No. of Shares Traded: 760
Approx. Profit per Share: Rs. 0.50
Approx. Profit Today: Rs. 380

TOP


 

PP1 PP2 PP3 PP4 PP5 PP6 PP7
188 189 192 193 195 196 197

Also See-3:

ITC

Approx. 1st Entry Point: Rs. 196.50
Approx. 1st Exit Point: Rs. 199.50
Avg. No. of Shares Traded: 300
Approx. Profit per Share: Rs. 3
Approx. Profit Today: Rs. 900

 


 

About the profit figures shown in these pages:
  • If a Suggest is mentioned in our Alerts, together with StopLoss and Targets, profit will be shown only if the 'See Above' figure is crossed positively and reasonable profits are generated. It is not necessary that Target figures are reached.
  • Once a 'See Above' figure is mentioned, we do not show a profit in these pages unless this figure is crossed positively. "Stay Away" is reported even if there is profit to be gained from this Suggest.
  • "Stay Away" is also reported for any Suggest that is not mentioned in our Alert which also does not give any opportunity as per our PricePoints.
  • Profit shown for any Suggest that is not mentioned in any Alert is as per our PricePoints. Reasonable profits will have to be generated — it is not necessary that any exact PricePoints are reached.

 

Please Note:
  1. Charts/Data courtesy NSEI/Yahoo!/iCharts/Rediff MoneyWiz.
  2. 'Approx. 1st. Entry Point' is the price at which 'first' entry is made.
  3. There can be more than one entry. Price for subsequent entries not shown.
  4. 'No. of Shares Traded' is calculated on 15k investment and 4x exposure (15000x4=60000) normally allowed by online brokering houses for intraday trading.
  5. 'Approx. Profit per Share' is cumulative of all entries.
  6. Figures within curly brackets {} stand for SHORT sell profits.
  7. All figures are indicative only.
  8. Profit figures given at our website are "estimates" only and do not take into account brokerage charges and other operational costs. This is because these charges can vary widely across the country and it will be misleading to give any one figure that is applicable in any one region in India.  TOP