IntradayTrade dot Net dot IN
Alerts / Updates

for Friday, 02-May-2014


 

SUGGESTS:

 

FRL

 

GLENMARK

 

IOB

 

ALSO SEE:

HEXAWARE

HINDUNILVR

VOLTAS

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 Alerts & Updates
we had sent to our members today:

 


 

Alerts / Updates for Friday, 02-May-2014

SMS Pre-Market

Suggests: FRL GLENMARK IOB;
Also See: HEXAWARE HINDUNILVR VOLTAS;
Valid for: 02-May-2014; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 6730, 6750, 6780, 6800, 6830;
NIFTY Support levels are: 6680, 6660, 6620, 6580, 6540;

 

Pre-Market Alert: 9:15am

Slight Gap-up opening and steady trading is expected for the Nifty
following positive trend in other Asian markets; Yesterday, our
markets were closed due to May Day, and the day before, the
Nifty had ended with big losses of over 120-points intraday on
late profit booking; Finally, the Support of 6660 had stopped
the fall; Overnight, US stocks ended nearly flat as investors
paused ahead of Friday's jobs report, though gains in Internet
shares helped lift the Nasdaq. Asian markets are trading mixed
ahead of US payrolls report expected later today; The Shanghai
stock exchanges remain closed on Friday on account of local
holiday; At home, polling for Lok Sabha Elections has passed
off very peacefully till now and voting in only 105 seats are
left to be done; Poll results is the major event that the market
is looking at, and this is something that can have deep impact;
For today, Support of 6660 should hold and if we can get an
opening above 6700, even that Support will be strong; There is
Resistance at 6730 and at 6750; Range-bound trading in the
6700-6750 zone is what we might have today; Choose specific
stocks to track and follow them closely; Do not over react;
Consider all angles before you enter; Act quickly when
you get a good chance; Take small profits
and Exit; Repeat, if possible;
INR-US$ is at 60.1750; WTI Crude is at $99.42

 


 

SMS-1

02May(10:00) Gap-up openng; Choppy & Flat;
See GLENMARK>617 IOB>63.50;
Watch FRL>144 VOLTAS>159;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

Nifty opened in the green today, around 6720; and has remained
flat and choppy after opening around 6720; However, a slight
negative trend seems to be developing; See these, if upturn comes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
GLENMARK 617 610 622 624 95
IOB 63.50 62 64 65 940

Also watch FRL>144 and VOLTAS>159 if upsurge
comes now; Take position in above scrips only if you are
absolutely confident; All for LONG; Stay Away if not sure.

 


 

SMS-2

02May(11:00) Mkt +ve flat & choppy; 2 Suggests gave profit;
Hold GLENMARK>620 HEXAWARE>154 if in;
No other looks good for LONG now; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
FRL Stuck at 140 Watchout for this if mkt turns up
GLENMARK In at 617
Out at 620
Hold>620; SL-612
Given profits following our Update
IOB Stuck at 62 Watchout for this if mkt turns up
HEXAWARE In at 152.50
Out at 154
Hold>154; SL-151
This one gave profits outside our Update, following PricePoints
HINDUNILVR Prices going down; Nothing much expected with this
VOLTAS In at 159
Out at 160.50
Do not hold
Given profits following our Update; Stuck at 158.50

3 Suggest could give small profits in LONG till now;

Nifty has remained flat and choppy at the 6700-6730 area after
our last update; Nifty is now around 6720; The Nifty has done
good to hold the opening gains today; The Support at 6700 has
worked again and stopped the Nifty from going down just now;
Similarly, Resistance at 6730 is also stopping the upside of
the Nifty; Some trigger is required to take the market higher;
Range-bound trading is likely to continue for now.

 


 

SMS-3

02May(12:30) Mkt in green; Range-Bound; GLENMARK gave profit;
Hold GLENMARK>624; Watch FRL>140 IOB>62.50 HINDUNILVR>570
if mkt turns up; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
FRL See > 140 Prices have fallen; Consider only if market turns around
GLENMARK Out at 624
Hold>624; SL-618
Has given profits following our last Update
TG-2 reached; More to come
IOB See > 62.50 Prices have fallen; Consider only if market turns around
HEXAWARE Nothing happening here; No further prospects
HINDUNILVR See > 570 Prices have fallen; Consider only if market turns around
VOLTAS Nothing happening here; No further prospects

1 Suggest could add to its profits in LONG after last Update;

The Nifty has remained flat and choppy in the 6700-6730 range
after our last Update; Nifty around 6710 now; Resistance at 6730
and Support at 6700 are still in force; Asian markets are still
very mixed; Europe is also expected to open mixed; The Rupee is
doing good at 60.1700 now; We expect flat and choppy trading
to continue unless we get some trigger; Nifty is doing good
to hold initial gains and remain in the green.

 


 

SMS-4

02May(2:30) Mkt in green; Choppy; GLENMARK added profit;
Only GLENMARK looks good for more profits in LONG
if upsurge comes in last hour; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
FRL No Prospects any more in LONG
GLENMARK Out at 639 Can give more profits in LONG if mkt turns up
IOB No Prospects any more in LONG
HEXAWARE Stuck at 152 No prospects here, unless mkt turns up sharply
HINDUNILVR No Prospects any more in LONG
VOLTAS Stuck at 158 No prospects here, unless mkt turns up sharply

Only GLENMARK added to its profits in LONG after last Update;

The Nifty has remained in the 6700-6720 band after our last Update;
Quiet and choppy trading in the green, just above the line, has continued
since then; No bias is seen at present; Asian markets are closing mixed;
Europe is also trading mixed; The Rupee is holding steady at 60.1950;
We feel the Nifty Support level of 6700 will be respected on closing
today; Some trigger is required to take the market higher, but a
downside can come anytime without any provocation; So, be
very careful; Today we will close flat/green.

 


 

Please also see our Today's Performance or Details page