IntradayTrade dot Net
Performance Results

Tuesday, 22-Nov-2011

  • The technical bounce back that we had been talking about in the last few days happened today, but was very weak. Plus the trading pattern was very choppy. It was more of a sidewise movement. The Harami pattern in the daily charts suggest that more upside is coming. But the going will be choppy because of the expiry.
  • Irrespective of what happens in the next few sessions — whether we get some real upside or sidewise movement continues — the near-term trend remains negative. As we have said before, 4750-4730-4700 is a very strong area of Support for the NIFTY and if 4700 is taken out, there is nothing to stop a free-fall till 4400. Which might just happen.
  • As was expected today, the turbulence helped the Intraday Trader. Hence and therefore, three Suggests of IntradayTrade dot Net also did a OK job today in LONG following our PricePoints and Alerts. ITC was spoiled by a bulk deal and there was a slight scare with DABUR but we have not mentioned it below as it managed to get marginal, meaning, no profit no loss.

 

These 6 names were given to our members before market opened today. At about 10am, 2 of these 6 were chosen, based on their initial performance, and StopLoss and Targets were given for these 2. Throughout the day we followed the performance of these 6 stock and gave updates/alerts. Given below are the performance of these 6 stocks today, vis-a-vis the Alerts:

 

SUGGESTS:

 

DABUR

 

MUNDRAPORT

 

RPOWER

 

ALSO SEE:

ARVIND

ITC

RECLTD


 

SMS ALERTS for today

Pre-Market: 8:30am

Slight Gap-up or Flat opening expected for our markets today;
Asian markets are trading mixed in very choppy markets;
Europe had closed in the red yesterday on rising debt crisis;
US markets had closed red but with a late positive bias;
INR-US$ is further down at 52.0580; It has touched 52.16 all-time low;
WTI Crude has recovered some more to $97.00;

NIFTY support levels today are: 4750, 4720, 4700, 4680, 4650;
NIFTY resistance levels today are: 4870-4890, 4935, 4960, 5000;

Near-term Market trend is negative;
Technical mid-term trend for the NIFTY is also negative;
Market expected to open good but then fall and go down; Outlook is negative;
European debt crisis is worsening and the Rupee keeps depreciating;
4750 was almost touched by the NIFTY yesterday; And it was holding;
4700-4730-4750 very strong Support area; Should hold today also;
Very good chance of a technical pullback to 5075-5140 levels this week;
For LONG players: Day to Stay Away if an upsurge is not spotted.

 

ALERT-1: 10:00am

Gap-up opening for the NIFTY; Going choppy now in the green;
Till the next Alert, See:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
DABUR 100.50 99 102 104 600
RECLTD 185 183 188 190 320

Watch MUNDRAPORT>138.50 and RPOWER>91 now if surge continues;
Follow PricePoints for other Suggests; All for LONG;

NIFTY around 4810 now; In the green; Opened around 4800;
Went past 4820 then down to 4780 after opening;
Going choppy now in the range of 4780-4820;
First Resistance is at 4870; More Resistance is at 4890;
Support is at 4770-4760-4750; Strong Support is at 4720;
Asian markets are trading mixed with flat bias;
NIFTY likely to trade range-bound for some time;
Chances of an upsurge very strong after mid-day today;
Be sure and certain before taking position in LONG.

 

ALERT-2: 11:00am

Market in the green; Going up slowly now;
No Suggest gave profits in LONG since last Alert;
Hold RPOWER>91.50 if you have invested in it already;
All previous levels still valid; Also watch ARVIND>88;
All can fire if upsurge gathers steam;
All for LONG.

NIFTY around 4825 now; Came up from a low of 4780;
Has evened out a bit now; Strong chances of more upside;
First Resistance is still at 4870; More Resistance is at 4890;
First Support is now at 4780; More Support is at 4750;
Sudden downturn possible; Specially as global cues are bad;
Take small profits and Exit; Repeat many times.

 

ALERT-3: 12:30pm

Market in green; Recovery happening, but has no power;
Asian markets closing flat; Europe expected to open good;
No Suggest gave profits in LONG since our last Alert;
Hold DABUR>101 RECLTD>186 RPOWER>91.50 if in; Maintain StopLoss;
For others, Discard old levels; Consider current position;
Do not take any fresh position until market turns up strongly;
All for LONG.

NIFTY now around 4830; Going choppy between 4780 and 4835;
First Resistance still at 4870; More Resistance is at 4890;
First Support still at 4780; More Support is at 4750;
Upward biased trading predicted for our markets now;
Sudden downside possible; Specially if Europe turn bad;
Wait & Watch and be sure before taking LONG position;
Stay Away if you are not sure of what you're doing;
Like we said before, time to be extra careful in LONG.

 

ALERT-4: 2:30pm

Market in the green; Holding on to profits; Highly volatile;
Recovery attempt still on; Selling pressure is coming back;
ARVIND DABUR RECLTD RPOWER gave profits in LONG after our last Alert;
Hold these for LONG if in; Or, start to release position;
Do not take any fresh investment until market turns up again.

NIFTY near 4820 now; Coming down from a high of 4855;
Europe is trading good; Our market expected to hold on to gains;
Resistance of 4870 has acted strong; More upside possible after 4870;
Support is now at 4830-4800 and then at 4780;
Careful... Do not risk profits already made.

 


 

 

PP1 PP2 PP3 PP4 PP5 PP6 PP7
94 95 97 98 100 101 102

Suggest-1:

DABUR

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

TOP


 

PP1 PP2 PP3 PP4 PP5 PP6 PP7
125 129 131 135 137 138 142

Suggest-2:

MUNDRAPORT

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

TOP


 

PP1 PP2 PP3 PP4 PP5 PP6 PP7
84.00 86.50 87.60 90.10 90.70 91.30 93.80

Suggest-3:

RPOWER

Approx. 1st Entry Point: Rs. (Time) 91.50 (1042)
Approx. 1st Exit Point: Rs. (Time) 92.75 (1417)
Avg. No. of Shares Traded: 660
Approx. Profit per Share: Rs. 1.25
Approx. Profit Today: Rs. 825

TOP


 

PP1 PP2 PP3 PP4 PP5 PP6 PP7
80.20 84.00 85.80 89.60 90.40 91.30 95.10

Also See-1:

ARVIND

Approx. 1st Entry Point: Rs. (Time) 88.50 (1338)
Approx. 1st Exit Point: Rs. (Time) 89.50 (1408)
Avg. No. of Shares Traded: 660
Approx. Profit per Share: Rs. 1
Approx. Profit Today: Rs. 660

TOP


 

PP1 PP2 PP3 PP4 PP5 PP6 PP7
193 195 197 199 200 201 204

Also See-2:

ITC

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

TOP


 

PP1 PP2 PP3 PP4 PP5 PP6 PP7
167 170 177 180 184 187 190

Also See-3:

RECLTD

Approx. 1st Entry Point: Rs. (Time) 186 (1118)
Approx. 1st Exit Point: Rs. (Time) 190 (1412)
Avg. No. of Shares Traded: 320
Approx. Profit per Share: Rs. 4
Approx. Profit Today: Rs. 1280

 


 

About the profit figures shown in these pages:
  • Time of BUY/SELL is shown in HHMM format. For example, 1025 means 10:25am; similarly 1439 means 14:39 hours or 2:39pm. These are approximate figures.
  • 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