IntradayTrade dot Net dot IN
Alerts / Updates

for Thursday, 08-May-2014


 

SUGGESTS:

 

APOLLOTYRE

 

IRB

 

WIPRO

 

ALSO SEE:

ARVIND

BHARTIARTL

HINDPETRO

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 Thursday, 08-May-2014

SMS Pre-Market

Suggests: APOLLOTYRE IRB WIPRO;
Also See: ARVIND BHARTIARTL HINDPETRO;
Valid for: 08-May-2014; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 6680, 6720, 6750, 6780, 6830;
NIFTY Support levels are: 6620, 6580, 6540, 6510, 6470;

 

Pre-Market Alert: 9:15am

Flat to slight gap-up opening is expected for our markets today
following firm Asian cues and overnight gains on Wall Street; In
yesterday's session, our markets say sustained profit booking the
whole day as speculators took a pause in the run up to the election;
Overnight, US stocks ended higher after comments from US Fed Janet
Yellen signaled continued support for the economy, even though US
factory output eased to 0.8% in January, the highest decline in over
4 months; Asian markets are trading with positive bias today morning
taking comfort from dovish comments by the US Fed chief and signs
of easing tensions in Ukraine after Russian President Vladimir Putin
called on pro-Moscow separatists to postpone a succession vote;
Back home, the Nifty has gone down its crucial Support of 6650
and is trading well below its short term averages which is a clear
confirmation that the overall trend has reversed from up to down in
the short term; However, we do not see a very big fall in our market
till election results; As we said yesterday, there is general lack of
participation as most players are now waiting for Election results;
Speculators are taking in profits and there is no follow-up buying;
We still feel that the Nifty level of 6650 will hold; On the upside,
the first target is now to re-gain 6700; 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 59.9980; WTI Crude is at $100.77

 


 

SMS-1

08May(10:00) Gap-up openng; Going Flat;
See IRB>127.50 BHARTIARTL>316;
Watch APOLLOTYRE>172 WIPRO>510;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

Nifty opened slight gap-up today, around 6670; Has been very
choppy after opening and is around 6665 now, in the green;
See these, if upturn comes with volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
IRB 127.50 124 130 132 470
BHARTIARTL 316 312 319 322 180

Also watch APOLLOTYRE>172 and WIPRO>510 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

08May(11:00) Mkt green; +ve bias; WIPRO gave profit; Watch
APOLLOTYRE>171 IRB>127.50 WIPRO>514 ARVIND>196.50
BHARTIARTL>316 HINDPETRO>348 now; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
APOLLOTYRE See > 171 Watch this if mkt upturn holds
IRB See > 127.50 Watch this if mkt upturn holds
WIPRO In at 510; Out at 514
See > 514
This has more scope, but be careful...
ARVIND See > 196.50 Watch this if mkt upturn holds
BHARTIARTL See > 316 Watch this if mkt upturn holds
HINDPETRO See > 348 Watch this if mkt upturn holds

WIPRO has given some profits in LONG till now today; All our Suggests
are capable of giving profits in LONG if the market upsurge continues;

Nifty around 6690 now, in the green; Has come up from below 6660 that
was hit just after opening today; Slight positive trend is present now;
Support of 6650 has again acted strong and should hold for now; Asian
markets are mostly in the green; The Rupee is fluctuating just around
the 60-mark; It is at 60.0130 now; There is every chance that our
market will level out at the 6700-level; So, be careful in LONG.

 


 

SMS-3

08May(12:30) Nifty took a fall; Flat on the line; None gave
profit; Hold HINDPETRO>348 if in; Watch IRB>127.50
WIPRO>514; Await Europe openng; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
APOLLOTYRE Stuck at 170 Consider only if market upsurge comes again
IRB See > 127.50 This has potential if market turns around
WIPRO See > 514 This has potential if market turns around
ARVIND Not much expected from this now
unless market turns around
BHARTIARTL Not much expected from this now
unless market turns around
HINDPETRO Hold>348 if in as per last Update; SL-342 This is the only Suggest that looks good now;
But, hold-on only if market turns around

No Suggest could give any profits in LONG after our last Update;
Be careful if you want to go LONG with our Suggests in such
uncertain markets, unless you get a clear good chance.

The Nifty has suddenly taken a fall from 6690-level to below 6650, into
the red, after our last Update; Going flat now around the line; There is
Support at 6650, which has worked strong again and is still in force now;
Asian markets are all in the green; Europe is also expected to open mostly
in the green; The Rupee is doing good and is at 59.9710 now; We expect
flat and choppy trading to return to our markets; Slight recovery
is also likely to happen later today.

 


 

SMS-4

08May(2:30) Mkt on line; Flat & Choppy; APOLLOTYRE WIPRO
HINDPETRO gave profit; WIPRO HINDPETRO good for more
if upsurge comes in last hour; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
APOLLOTYRE In at 171; Out at 172 No point holding this further
Not much prospects any more in LONG
IRB No prospects here
WIPRO Out at 515.50 There is still chance for more profits here
specially if mkt turns up sharply
ARVIND No prospects here, unless mkt turns up sharply
BHARTIARTL No Prospects here
HINDPETRO Out at 350 There is still chance for more profits here
specially if mkt turns up sharply

3 Suggests have given profits in LONG after our last Update;
Totally today, these 3 have given profits in LONG following
the levels we had given in our Updates.

The Nifty has remained flat and choppy just around the line at 6650 since
our last Update; The Support of 6650 has not been breached technically as
yet; There is more Support at 6620; Nifty around 6660 now, in the green
fluctuating in the 6640-6660 range; Asian markets are closing in the green;
Europe is also trading mostly in the green; The Rupee is also holding steady
and is at 59.9330 now; As we had said earlier, we feel the Nifty will make an
attempt to get back to the level of 6680-6700 before closing today; But some
trigger is required for this to happen; Today we will close flat/green.

 


 

Please also see our Today's Performance or Details page