IntradayTrade dot Net dot IN
Alerts / Updates

for Tuesday, 06-May-2014














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 Tuesday, 06-May-2014

SMS Pre-Market

Valid for: 06-May-2014; All for LONG;
See site for full Details


For Today:

NIFTY Resistance levels are: 6730, 6750, 6780, 6830, 6860;
NIFTY Support levels are: 6680, 6650, 6620, 6580, 6540;


Pre-Market Alert: 9:15am

Gap-up opening and positive trading is expected for the Nifty
following supportive trend in other Asian markets; Yesterday,
our markets snapped a 5-day falling trend, and soared higher
on the back of value buying; But then, the gains got erased on
profit booking and finally the market closed very flat; Again, the
Nifty managed to just hold the 6700-mark, for the 3rd day, and
once more, the Support of 6680-6660 was active yesterday;
Overnight, US stocks ended higher after macro data added to
evidence that the US economy is emerging from a particularly
harsh winter-induced slowdown; Asian share are trading in a
range today morning after US markets got a firm finish; Tokyo
is still on holiday; Markets in Seoul and Hong Kong are also
off today to celebrate Lord Buddha's birthday; Back home,
the general election is in the final phase and volatility is
also surging with every passing day indicating anxiety; Till
the Nifty holds above 6650, the medium term trend will remain
positive; Below that, caution is advised for all LONG traders;
The index has to hold above major Support of 6650 to see the
Support base buying; On upside if it sustains above 6740 then
only momentum and strength would be back to take the Nifty
towards 6780-6800 levels; 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 60.1500; WTI Crude is at $99.48




06May(10:00) Gap-up openng; Flat & Choppy;
All for LONG if upsurge comes; Details at site -INTDAY


Update-1: 10:00am

Nifty opened gap-up today, around 6720; Has been flat and choppy
after that just around the 6730-mark, in the green; No bias is
seen at this time; See these, if upturn comes with volumes:

Name See
to buy
RECLTD 252 248 255 260 230
TATAMOTORS 422 417 426 430 140

Also watch DISHMAN>93 and HINDALCO>139 if upsurge
comes now; Take position in above scrips only if you are
absolutely confident; All for LONG; Stay Away if not sure.




06May(11:00) Mkt green; Going flat & choppy; DISHMAN
gave profit; Watch DISHMAN>94 now if mkt turns up;
Others are stuck; See Site -INTDAY


Update-2: 11:00am

Suggest Action - for LONG Comments
CANBK Stuck at 297 Watchout for this if mkt turns up
DISHMAN In at 93; Out at 94
See > 94
Given profits following last levels;
Follow this if mkt turns up
HINDALCO Nothing much expected with this
ADANIENT Stuck at 433 Watchout for this if mkt turns up
RECLTD Stuck at 251 Watchout for this if mkt turns up
TATAMOTORS Stuck at 418 Watchout for this if mkt turns up

1 Suggest could give small profits in LONG till now;
Old levels are no longer valid;

Nifty around 6725 now, in the green; Has remained flat and
choppy after our last update, but seems to be developing a
slight negative bias now; Resistance at 6730-6740 will have
to be crossed for sustained upside; But some trigger is
required; Watchout for the slight negative trend developing




06May(12:30) Mkt in green; Going Flat; RECLTD gave profit;
Watch CANBK>298 RECLTD>255 TATAMOTORS>420 if mkt
turns up; Await Europe openng; See Site -INTDAY


Update-3: 12:45pm

Suggest Action - for LONG Comments
CANBK See > 298 Consider only if market turns around
DISHMAN Not much expected from this anymore
HINDALCO Not much expected from this
ADANIENT Not much expected from this
RECLTD In at 252
Out at 255
See > 255
Consider only if market turns around
TATAMOTORS See > 420 If in at 418 after last Update, Hold>420;
Or, Consider only if market turns around

1 Suggest could add to its profits in LONG after last Update;
2 profits, till now, today; TATAMOTORS has been Marginal at 419;

The Nifty has remained flat and choppy around the 6720 mark
after our last Update; But a slight negative trend is still seen;
There is Support at 6700, which will come into force now; Asian
markets, those open, are mostly green; Europe is also expected to
open mostly green; The Rupee has fallen a bit and is at 60.1425
now; We expect flat and choppy trading to continue with slight
negative bias, unless we get some trigger.




06May(2:40) Mkt in green; Slgt -ve bias; TATAMOTORS gave
profit; Only HINDALCO>138 looks good for LONG if
upsurge comes now in last hour; See Site -INTDAY


Update-4: 2:40pm

Suggest Action - for LONG Comments
CANBK No Prospects any more in LONG
DISHMAN No Prospects any more in LONG
HINDALCO See > 138 This looks good for profits in LONG if mkt turns up; Careful...
ADANIENT No prospects here, unless mkt turns up sharply
RECLTD No Prospects any more in LONG
TATAMOTORS Out at 422 No further prospects, unless mkt turns up sharply

Only TATAMOTORS gave profits in LONG after last Update, coming
out from Marginal position at 419; 3 profits, till now, today;

The Nifty has remained flat and choppy with a slight negative bias since
opening today; This slight negative bias is still there after our last
Update; Nifty around 6710 now, just above the line, in the green; But
this position is being threatened now; Nifty will do good to hold 6700
level till closing today; Asian markets are closing mixed; Europe is also
trading mixed; The Rupee is holding steady at 60.1400; Like yesterday,
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