IntradayTrade dot Net dot IN
Alerts / Updates

for Wednesday, 07-May-2014


 

SUGGESTS:

 

ADANIPORTS

 

BHARATFORG

 

LICHSGFIN

 

ALSO SEE:

CROMPGREAV

HINDALCO

TITAN

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 Wednesday, 07-May-2014

SMS Pre-Market

Suggests: ADANIPORTS BHARATFORG LICHSGFIN;
Also See: CROMPGREAV HINDALCO TITAN;
Valid for: 07-May-2014; All for LONG;
See site for Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 6740, 6780, 6830, 6860, 6900;
NIFTY Support levels are: 6700, 6680, 6650, 6620, 6580;

 

Pre-Market Alert: 9:15am

Gap-down to Flat opening and restrained trading is expected for
the Nifty today following downward trend in other Asian markets;
Yesterday, our markets ended with marginal gains in a lackluster
session that saw market consolidate further ahead of election
results slated to be announced next week; Overnight, US stocks
fell on disappointing earnings while on the other hand traders
also kept a close eye on developments in Ukraine which dampened
risk sentiment; Asian shares dipped at the heightened possibility
of Ukraine slipping into civil war; At home, the Nifty has been
closing around 6700 for the last few sessions as there is buying
interest at the lower levels of the trading range, but there is
no follow-up buying to hold the higher levels due to lack of
participation ahead of Election results; However, no major
unwinding is seen at 6700 either, which indicates 6650 is
likely to hold for the time being at least; On the upside, if
the Nifty sustains above 6740 then an up move may be
seen towards 6800-6825 levels; Choose specific stocks
and follow them closely; Do not over react; Consider
all angles before you buy; Act quickly when you get
a good chance; Take small profits and Exit;
Repeat, if possible;

INR-US$ is at 60.0300; WTI Crude is at $99.50

 


 

SMS-1

07May(10:00) Flat openng; Choppy in the red;
See ADANIPORTS>196.50 CROMPGREAV>173.50;
Watch BHARATFORG>422 LICHSGFIN>270;
All for LONG; Details at site -INTDAY

 

Update-1: 10:00am

Nifty opened flat today, around 6715; Has been very choppy after
opening and has touched 6700 in the red; Slight negative bias may
be developing now; See these, if upturn comes with volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
ADANIPORTS 196.50 194 199 201 300
CROMPGREAV 173.50 171 176 177 340

Also watch BHARATFORG>422 and LICHSGFIN>270 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

07May(11:00) Mkt -ve & flat; No Suggest gave profit;
Hold CROMPGREAV>173.50 if in; Watch LICHSGFIN>270
HINDALCO>138.50 now if mkt turns up; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
ADANIPORTS Stuck at 195 Watchout for this if mkt turns up
BHARATFORG Stuck at 420 Watchout for this if mkt turns up
LICHSGFIN See > 270 Follow this if mkt turns up
CROMPGREAV Hold > 173.50 if in; SL-171 This has scope, but be careful...
HINDALCO See > 138.50 Follow this if mkt turns up
TITAN Stuck at 275 Watchout for this if mkt turns up

No Suggest could give any profits in LONG till now; No Suggest
is showing dependable signs of giving profits in LONG till now;

Nifty around 6700 now, in the red; Slight negative trend is still
present after our last update; Market very choppy; Support of 6700
should hold for some time; Asian markets are red; The Rupee, however,
is doing good and is at 60.0400 now; Some trigger is required for
our market to go higher; Watchout for the slight negative trend seen.

 


 

SMS-3

07May(12:30) Mkt in red; Going down; No Suggest gave profit;
CROMPGREAV Marginal at 173.50; Watch TITAN>276;
Await Europe openng; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
ADANIPORTS Not much expected from this anymore
BHARATFORG Consider only if market turns around
LICHSGFIN Consider only if market turns around
CROMPGREAV Marginal at 173.50 Can still give some profits if mkt turns up
HINDALCO Consider only if market turns around
TITAN See > 276 This is the only Suggest that looks good now;
But, consider only if market turns around

No Suggest could give any profits at all in LONG till now, today;
Going LONG with our Suggests in such falling markets could be
very risky unless you get a clear good chance.

The Nifty has gone down below 6700 to almost touch 6670 after our last
Update; But the slight negative trend seems to have flattened out now;
There is Support at 6680, which seems to be working now; Asian markets
are all in the red; Europe is also expected to open mostly in the red;
But the Rupee is doing good and is at 60.0200 now; We expect flat and
choppy trading to return to our markets now; Slight recovery is also
likely to happen before closing today.

 


 

SMS-4

07May(2:30) Mkt in red; -ve bias; No Suggest gave profit;
CROMPGREAV TITAN Marginal; Only BHARATFORG good for
LONG if upsurge comes in last hr; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
ADANIPORTS No Prospects any more in LONG
BHARATFORG Looks good for LONG if mkt turns up; Careful...
LICHSGFIN No prospects here, unless mkt turns up sharply
CROMPGREAV Marginal at 173.50 No further prospects, unless mkt turns up sharply
HINDALCO No Prospects any more in LONG
TITAN Marginal at 276 No further prospects, unless mkt turns up sharply

No Suggest could give any profits at all in LONG today, till this time;
Looks like we will draw a blank today; Be warned, going LONG with our
Suggests in such falling markets is risky unless you get a clear chance.

The Nifty has remained flat and choppy just above the 6670-mark, after
our last Update; The slight negative bias we saw earlier, has flattened
out since the last Update; The Support of 6680 is not breached technically
as yet; There is more Support at 6650; Nifty around 6680 now, in the red;
Asian markets are closing red; Europe is also trading mostly in the red;
The Rupee, however, is still holding steady at 60.0530; Like in the last
few days, we feel the Nifty Support level of 6700 will be respected on
closing today with a smart rise; But some trigger is definitely
required for this to happen; Today we will close red.

 


 

Please also see our Today's Performance or Details page