IntradayTrade dot Net dot IN
Alerts / Updates

for Friday, 16-May-2014


 

SUGGESTS:

 

ONGC

 

SINTEX

 

TITAN

 

ALSO SEE:

ADANIENT

NTPC

TATASTEEL

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, 16-May-2014

SMS Pre-Market

Suggests: ONGC SINTEX TITAN;
Also See: ADANIENT NTPC TATASTEEL;
Valid for date: 16-May-2014; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 7140, 7170, 7200;
NIFTY Support levels are: 7100, 7080, 7050, 7020, 6960;

 

Pre-Market Alert: 9:15am

A strong positive opening and record-braking trading is expected for our
markets today as early indications show the NDA leading in 285 seats at
around 9:30am; This is higher than what the exit polls had suggested; Again
the pundits have been proved wrong by the BJP and they are doing better than
expected; Yesterday, our markets had surged in late trades to end at record
highs on hopes that the BJP-led NDA would get a majority in the elections
and form a stable government; Overnight, US stocks ended lower with the Dow
and S&P 500 retreating from recent record highs, as small caps resumed their
sell-off and consumer discretionary shares lagged; Asian shares were trading
mixed tracking a retreat on Wall Street, while expectations of credit easing by
the European Central Bank knocked down yields on US and European bonds;
But today, none of this will matter for us as all eyes are on the poll results
for our markets; Volatility is expected to be very high; And the market should
only get better as more results come in; As we said earlier, there is every
chance that circuit breakers might be triggered and trading might be halted
for some time; as before, pick up particular stocks and follow them
closely; Do not be in a hurry to get in; 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 58.8800; WTI Crude is at $101.50

 


 

SMS-1

16May(10:00) Huge Gap-up openng; Going up;
See ADANIENT>580 TATASTEEL>485;
Watch ONGC>405 NTPC>138.50;
All for LONG; Details at site -INTDAY

 

Update-1: 10:30am

Nifty opened with a huge gap at about 7275 today; It has gone up smartly
after opening to go beyond 7500; A high of 7560 has been touched; The Nifty
is expected to hold these gains as there is already news of NDA leading in
more than 300 seats; Spurts of upside will come as leads turn to seats and
the big names starts to win; The Nifty is in a pause now around 7450 and a
range of 7400-7500 is now expected; For our Suggests today, all except 2
could have already given you some profits in LONG following our PricePoints;
SINTEX should have been in at 67 and out at 69.50; ADANIENT should have
been in at 540 and out at 580; If you are still in, Hold ADANIENT>580
with a StopLoss at 570; Otherwise, see below; NTPC should have been in
at 136 and out at 137.50; TATASTEEL should have been in at 480 and
out at 485; See these, if upturn comes back with volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
ADANIENT 580 570 590 595 100
TATASTEEL 485 475 490 195 120

Also watch ONGC>405 and NTPC>138.50 if upsurge
continues now; Take position in above scrips only if you are
absolutely confident; All for LONG; Stay Away if not sure.

 


 

SMS-2

16May(11:00) Mkt +ve; Flat; No Suggest gave profit; Watch
ONGC>405 SINTEX>68 TITAN>323 ADANIENT>580 NTPC>137
TATASTEEL>475 now if mkt turns up; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
ONGC See > 405 This can give profits if Nifty turns up now
SINTEX See > 68 Watch this only if Nifty turns up now
TITAN See > 323 This can give profits if Nifty turns up now
ADANIENT See > 580 This can give profits if Nifty turns up now
NTPC See > 137 This can jump up sharply if Nifty turns up now
TATASTEEL See > 475 Watch this only if Nifty turns up now

None of our Suggests could give any profits in LONG following our last Updates;
Those that gave profits right after opening, are taking a pause now;
All Suggests are capable of giving profits in LONG if the market turns up;

Nifty has gone below 7450 and has settled around the 7400-mark now, after
our last Update; New Support has been found at 7360 and new Resistances have
come up at 7440-7500-7570; As was being said for the last few days by various
experts, a win by NDA was already factored in by our markets; But chances of an
absolute majority by BJP was what caused the huge rise today; We do not expect
any further huge movement from here; Narendra Modi's win did not trigger anything;
Similarly, there will be other events that will pass by silently; But you never know;
Some more upside might come when actual numbers come in; Some negativity also
cannot be ruled out; Be careful of entering in LONG is such uncertain market.

 


 

SMS-3

16May(12:30) Mkt in green; Going Flat; No Suggest gave profit;
Watch SINTEX>68 now; TITAN(315) ADANIENT(570) NTPC(136)
are stuck; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
ONGC No prospects seen in this,
unless market turns up again
SINTEX See > 68 Only if market upturn returns; Careful ...
TITAN Stuck at 315 Watch this only if market upturn returns; Careful ...
ADANIENT Stuck at 570 Watch this only if market upturn returns; Careful ...
NTPC Stuck at 136 Watch this only if market upturn returns; Careful ...
TATASTEEL No prospects seen in this,
unless market turns up again

None of our Suggests could give any profits in LONG following the levels
given in our last Update; Be careful if you want to get in in LONG as the
market has levelled off; There is still chance if upsurge returns.

The Nifty has come down from 7400-level to settle at 7300 now, after our last
Update; This is still a significant advancement from yesterday's Nifty closing
of 7123; But the more than 250 points fall from the day's high of 7563 is
also substantial; World markets are mixed; The Rupee is following the stock
market, and is good at 59.0100 now; For our market now, we feel the profit
booking fall that has started when the Nifty hit 7550, will continue for some
more time as all the possible good news from the elections have already
arrived; But some recovery is expected later unless some unexpected
upset news arrives; Time to be very careful in LONG ...

 


 

SMS-4

16May(2:30) Mkt in green; Flat and choppy; SINTEX gave profit;
ONGC>395 SINTEX>69 NTPC>135 good for LONG if upsurge
comes now in last hour; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
ONGC Has gone down after last
Update; See>395 now
Only if market turns up again in last hour
Be very careful ...
SINTEX In at 68 and Out at 69
See>69 now
Only if market turns up again in last hour
Be very careful ...
TITAN Stuck at 310 This can give profits only if market turns
up again in last hour; Be very careful ...
ADANIENT No further prospects seen here
NTPC Has gone down after last
Update; See>395 now
Only if market turns up again in last hour
Be very careful ...
TATASTEEL Has gone down after last
Update
No further prospects seen here

Only SINTEX could give some profits in LONG after our last Update, following
the levels we had given; No other Suggest has been profitable today after the initial
surge; If you have made good profits today at that time, you should avoid trading
any further, and ignore our levels; We do not see much upside anymore, right now.

The Nifty had gone down almost to the line at 7130 after our last Update, as we had
feared; Nifty fluctuating between 7200-7250 now; This means, we have seen a very
big 430-point intraday fall from the day's high of 7560; World markets are still
mixed; The Rupee is holding at 58.98 now; As we have said, we hope the Nifty
will make an attempt to recover a little and probably close around 7300 today;
A new intraday high has already been created, and any green closing will
create another life-time closing high today; Today we will close green.

 


 

Please also see our Today's Performance or Details page