IntradayTrade dot Net dot IN
Alerts / Updates

for Friday, 23-May-2014


 

SUGGESTS:

 

DLF

 

NTPC

 

YESBANK

 

ALSO SEE:

APOLLOTYRE

ESCORTS

SINTEX

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, 23-May-2014

SMS Pre-Market

Suggests: DLF NTPC YESBANK;
Also See: APOLLOTYRE ESCORTS SINTEX;
Valid for date: 23-May-2014; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 7300, 7320, 7350, 7420, 7450;
NIFTY Support levels are: 7250, 7220, 7200, 7170, 7140;

 

Pre-Market Alert: 9:15am

A gap-up opening and positive trading is expected for our markets today following
positive cues from Asian and US markets; Yesterday, the Nifty ended flat after it
gave up most of its gains on profit booking in the second half; For the fourth
successive session, the benchmark indices remained range bound and closed with
marginal gains in the end; Even then, another life-time closing high was created
by the Nifty; Overnight, US stocks ended higher for the second straight session,
led by small-cap stocks, while the Nasdaq climbed on a rally in biotech shares;
Asian markets are trading higher with the Nikkei poised to score its first weekly
gain in over a month thanks to a weaker yen; At home, our markets are expected
to consolidate some more and Nifty should remain around 7300 today; Again, a
positive bias may be introduces by positive global cues; Volatility will remain
high as speculation remains on who-gets-what ministry in New Delhi; Choose
your stocks wisely, 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, small profits and Exit; Repeat, if possible;
INR-US$ is at 58.4120; WTI Crude is at $103.74

 


 

SMS-1

23May(10:00) Gap-up openng; Going up;
See DLF>222 APOLLOTYRE>194;
Watch NTPC>160 SINTEX>86.50;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

Nifty opened gap-up today around 7300; Got off to a good start and
moved up rapidly immediately after opening; Touched a high of 7360;
The Nifty has got stopped at that level and is now around 7340 in the
green; DLF could have already given you some profits in LONG following
our PricePoints; DLF should have been in at 219 and out at 222;
See these now, if upturn returns with volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
DLF 222 218 227 230 270
APOLLOTYRE 194 191 196 200 300

Also watch NTPC>160 and SINTEX>86.50 if upsurge
returns now; Take position in above scrips only if you are
absolutely confident; All for LONG; Stay Away if not sure.

 


 

SMS-2

23May(11:00) Mkt +ve but choppy; No Suggest gave profit;
All Suggests can give profits from present lows if mkt
turns up now; See Site for levels -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
DLF See > 220 This is showing signs on some upsurge
Can give profits in LONG from this low
NTPC See > 159 Has gone down after last Update
Can give profits if mkt turns up
YESBANK See > 560 Not much has happened here since opening
Can give profits if mkt turns up
APOLLOTYRE See > 193 There was an initial surge, then nothing
Can give profits if mkt turns up
ESCORTS See > 135 Not much scope seen in this, although
this can give profits if mkt turns up
SINTEX See > 85.50 Not much has happened here since opening
Can give profits if mkt turns up

Almost all of our Suggests have gone down after our last Update; This is in tune
with general market situation; But all can give good profits in LONG if market
turns up now; Wait for triggers to be crossed confidently.

Resistance has been strong at 7360 and the Nifty has not been able to cross this
after several attempts today; Upside momentum has actually been turned back and
we can see some negative bias developing; Nifty is around 7640 now; Asian markets
have become flat around the line; The Rupee is still in the mid-58 level, and is at
58.5300 now; The Nifty is going down, but we expect the Nifty to hold ground above
7300 and get back to above 7350 today; But profit-booking downside can come
anytime; So, be careful ...

 


 

SMS-3

23May(12:40) Mkt in green; Going Flat & Choppy; No Suggest
gave profit; Hold NTPC>159 SINTEX>85.50 if in; Watch
ESCORTS>135; DLF stuck at 216; See Site -INTDAY

 

Update-3: 12:40pm

Suggest Action - for LONG Comments
DLF Stuck at 216 No progress after initial burst
This can give profits if mkt turns up
NTPC Entry should have been at
157; Hold>159; SL-157
This has come up strongly from 155
There is chance of good profits here
YESBANK This has been choppy and uncertain
since opening today; Wait & Watch
APOLLOTYRE This has taken a fall after our last Update
Not much prospects seen with this
ESCORTS See > 135 Has been coming up from a low of 130
There is potential in this if mkt turns up
SINTEX Hold>85.50; SL-83.50 You should not have taken entry with this;
Go Marginal here if mkt doesn't move up

SINTEX has hit the trigger momentarily; So, normally you shouldn't have taken
entry with SINTEX; Others marked are capable of giving profits if market turns up.

The Nifty has been able to hold 7300-level and has done very well to hold the
gains of the morning; As we said earlier today, we expect the Nifty to consolidate
and remain above 7300 today; Asian markets are almost all in green; Europe is also
turning green; The Rupee is holding position and is at 58.4800 now; For our market,
Resistance at 7360 for the Nifty could not be crossed today; Nifty is at 7330 now
and can go down to 7300; Later, we might see some upside before closing.

 


 

SMS-4

23May(2:30) Mkt in green; Choppy; DLF NTPC gave profit;
No Suggest looks good for more profits in LONG now;
Best to Stay Away in last hour; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
DLF In at 217; Out at 220 A second chance after opening gains;
This can still give more today
NTPC Out at 161
Stuck at 158
There is no further scope in this today
YESBANK This has been a disappointment today;
Other banks have performed, not this!
APOLLOTYRE Nothing happening so far, but can give
a surprise in last hour
ESCORTS This has also been a disappointment today
SINTEX This should go Marginal today

DLF NTPC have performed well today; All others could do nothing; We had chosen
YESBANK over ALBK ANDHRABANK today - those two have performed, YESBANK
did not! If you have already made your required profits for the day it is
best that you retire at this time, and do not put your profits at risk.

The Nifty has done extremely well and has managed to recoup most of the mid-day
losses; Nifty is at around 7350 now; Coming up from a low of 7300; Support
at 7300 has worked strong; There is Resistance at 7350-7360, and this is in
effect now; Asian markets are closing in the green; Europe is also trading in the
green; The Rupee is also doing well and is at 58.4600 now; For our market, the
downgrade of India to 'Neutral' by Deutsche Bank seems to have had a down
effect some time back; The Nifty has recovered after that, but we do not feel
that 7350-7360 will be crossed today; Some downside can come now, but a
closing in the green above 7300 looks definite today; As in the previous days,
any green closing will create another life-time closing high for the Nifty;
But be very careful if you want to get in for LONG in this market
at this time; Today we will close green.

 


 

Please also see our Today's Performance or Details page