IntradayTrade dot Net
Performance Results

Friday, 28-Oct-2011

  • Another great day for our markets as we had a huge gap-up opening and a 150-plus point increase for the NIFTY. Volumes today were very high and maintained the levels we achieved in the last full trading session we had on Tuesday last. FII activity levels have also been maintained. See our 'Market Statistics' page for details.
  • 5200 for the NIFTY was a very strong Resistance that has acted severely since the 2nd week of August this year. Several attempts by the NIFTY to go across has failed in the last so many weeks. It required a big jump like today to cross this Resistance with conviction. Great Diwali gift!
  • What has been told in text books over and over again, was seen in reality today: the big gap-down opening of 5th August 2011 was made up by an equally big gap-up opening today. Thus, 'the gap has been closed'. Some follow-up action is obviously required now. Chart patterns say we should be moving up from here. We say: Sure, but with a few pauses.
  • We had pointed out in our 10am Alert that a "Huge gap-up opening and then a flat market is not conducive to Intraday Trading". Market activities today proved us to be correct as the Suggests of IntradayTrade dot Net did not give any good result today following our PricePoints and Alerts, all in LONG, as there wasn't any range to play with. What has been shown here was difficult to get and required an expert hand. Fact remains, our site objectives have not been met.

 

SUGGESTS:

 

BHARTIARTL

 

MUNDRAPORT

 

YESBANK

 

ALSO SEE:

INDIACEM

ITC

ONGC


 

SMS ALERTS for today

Pre-Market: 8:30am

Big Gap-up opening and robust trading expected for our markets today;
Asian markets are trading good with upward bias today morning;
US & Europe markets closed very good last night with 3-to-6% increase;
US$-INR is at 48.8400; WTI Crude is at $93.62 today morning;

NIFTY support levels today are: 5180, 5150, 5120, 5100;
NIFTY resistance levels today are: 5230, 5265, 5300, 5325;

Near-term Market trend is now back to positive;
Technical mid-term trend for the NIFTY still remains positive;
Global cues are very good today; Had been good through our holidays;
Our market expected to trade quietly positive with no domestic cues;
Profit booking bout post Diwali may come in later in the day.

 

ALERT-1: 10:00am

Huge Gap-up opening for the NIFTY; Going flat now;
Whole world is deep in the green at this time;
BHARTIARTL done OK since opening so far;
Till the next Alert, See:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
BHARTIARTL 403 400 408 412 150
ONGC 284 282 288 290 210

Also keep a watch on MUNDRAPORT>167 and YESBANK>322 if surge holds;
Follow PricePoints for other Suggests; All for LONG;

NIFTY around 5340 now; Opened around 5360;
Market going flat now in 5340-5360 range with slight negative bias;
Support is at these levels: 5325-5300-5265;
Resistance is at 5370 and then at 5410 region;
NIFTY likely to trade flat for some time with slight negative bias;
Huge gapup opening then flat market not conducive to Intraday Trading;
Be careful... Profit booking slide very likely at such high levels.

 

ALERT-2: 11:00am

Market in green but going flat; Uncertain bias;
ONGC gave profit in LONG; Hold ONGC>286 if you are still in it;
BHARTIARTL INDIACEM ITC YESBANK are stuck; Can fire if mkt turns up;
All for LONG; Follow PricePoints.

NIFTY still around 5340; Going flat; Uncertain Bias;
Still trading in 5340-5360 range;
Support is still at these levels: 5325-5300-5265;
Resistance is still at 5370 and then at 5410 region;
NIFTY likely to trade flat for some more time;
Be careful... Profit booking slide very likely at such high levels;
Take small profits and Exit; Repeat many times.

 

ALERT-3: 12:30pm

Market in green; Still going flat; Holding on to profits;
Asian markets closing green; Europe is expected to open green;
No Suggest gave profits in LONG since last Alert;
See now BHARTIARTL>396 YESBANK>317 for LONG;
All others are stuck; Can fire if market turns up with strength;
All for LONG; Follow PricePoints;

NIFTY has shown no change in outlook throughout the day;
NIFTY still around 5340; Going flat; Slight negative bias now;
Still trading in 5340-5360 range;
Support is still at these levels: 5325-5300-5265;
Resistance is still at 5370 and then at 5410 region;
Europe opening and trading pattern might influence NIFTY;
Wait & Watch and be sure before taking LONG position;
Take small profits and Exit; Repeat many times.

 

ALERT-4: 2:30pm

Market in the green; Going flat; Still uncertain bias;
Asia has closed green and Europe is trading positive;
ITC ONGC gave profits in LONG since last Alert;
Hold INDIACEM>82.50 ONGC>285 YESBANK>318 for LONG now;
BHARTIARTL>392 good for LONG now if surge comes.

NIFTY around 5355 now; Went up to 5365 from a low of 5325;
NIFTY now trading in 5320-5370 range;
Support is still at these levels: 5325-5300-5265;
Resistance is still at 5370 and then at 5410 region;
Support of 5325 and Resistance of 5370 proved very strong;
NIFTY likely to show a little more upside till closing;
Small profit booking downside at last moment a possibility;
Careful... Do not risk profits already made.

 


 

 

PP1 PP2 PP3 PP4 PP5 PP6 PP7
388 390 392 394 395 396 398

Suggest-1:

BHARTIARTL

Approx. 1st Entry Point: Rs. 392
Approx. 1st Exit Point: Rs. 394
Avg. No. of Shares Traded: 150
Approx. Profit per Share: Rs. 2
Approx. Profit Today: Rs. 300

TOP


 

PP1 PP2 PP3 PP4 PP5 PP6 PP7
159 160 161 162 163 164 165

Suggest-2:

MUNDRAPORT

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
303 305 307 309 311 312 314

Suggest-3:

YESBANK

Approx. 1st Entry Point: Rs. 317
Approx. 1st Exit Point: Rs. 318.50
Avg. No. of Shares Traded: 190
Approx. Profit per Share: Rs. 1.50
Approx. Profit Today: Rs. 190

TOP


 

PP1 PP2 PP3 PP4 PP5 PP6 PP7
75 77 79 80 81 82 83

Also See-1:

INDIACEM

Approx. 1st Entry Point: Rs. 82.30
Approx. 1st Exit Point: Rs. 83
Avg. No. of Shares Traded: 730
Approx. Profit per Share: Rs. 0.70
Approx. Profit Today: Rs. 510

TOP


 

PP1 PP2 PP3 PP4 PP5 PP6 PP7
209 210 211 212 213 214 215

Also See-2:

ITC

Approx. 1st Entry Point: Rs. 214.50
Approx. 1st Exit Point: Rs. 216
Avg. No. of Shares Traded: 280
Approx. Profit per Share: Rs. 1.50
Approx. Profit Today: Rs. 420

TOP


 

PP1 PP2 PP3 PP4 PP5 PP6 PP7
269 272 273 276 277 279 280

Also See-3:

ONGC

Approx. 1st Entry Point: Rs. 285
Approx. 1st Exit Point: Rs. 286.50
Avg. No. of Shares Traded: 210
Approx. Profit per Share: Rs. 1.50
Approx. Profit Today: Rs. 315

 


 

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