IntradayTrade dot Net dot IN
Alerts / Updates

for Thursday, 29-May-2014


 

SUGGESTS:

 

AMBUJACEM

 

PFC

 

RCOM

 

ALSO SEE:

ORIENTBANK

SINTEX

VOLTAS

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, 29-May-2014

SMS Pre-Market

Suggests: AMBUJACEM PFC RCOM;
Also See: ORIENTBANK SINTEX VOLTAS;
Valid for date: 29-May-2014; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 7350, 7370, 7420, 7450, 7500;
NIFTY Support levels are: 7300, 7270, 7250, 7220, 7170;

 

Pre-Market Alert: 9:15am

A small gap-down opening and cautious trading is expected for our markets
today on the back of a flat and choppy market yesterday, muted trend seen
in other Asian markets, ahead of the May F&O expiry due later today; The
Nifty managed to close in the green yesterday after a range bound session
of trade hit by constant profit booking; Overnight, US stocks snapped a four-
session winning streak to end just short of a 3rd straight record closing high;
Asian shares consolidated their recent gains yesterday while global bond
prices surged, pushing their yields to multi-month lows, both supported by
expectations of easy monetary policy; At home today, the markets is likely to
remain volatile as traders roll over positions in the futures & options (F&O)
segment from the near month May 2014 series to June 2014 series; Nifty now
has immediate Support at 7300 and then at 7270; A breach of 7275 may take
it down to 7220-7200; On the upside, any bounce back from the present
position would face severe Resistance near 7370, and then beyond that at
7410-7420; Today we expect choppy and range-bound trading for most of the
day due to Expiry; But a positive bias should develop later in trade today;
Follow only select stocks; 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 58.8800; WTI Crude is at $104.11

 


 

SMS-1

29May(10:00) Gap-down openng; Choppy;
See ORIENTBANK>357.50 VOLTAS>183.50;
Watch AMBUJACEM>222 RCOM>147.50;
All for LONG if upsurge comes; Dtls at site -INTDAY

 

Update-1: 10:00am

Small gap-down opening for the Nifty today around 7310; Nifty has been
flat and choppy in the red in the 7310-7325 range since opening today;
VOLTAS could have already given you some profits in LONG following
our PricePoints; VOLTAS should have been in at 181 and out at 183;
See these now, if market upturn comes with volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
ORIENTBANK 357.50 352 363 366 160
VOLTAS 183.50 180 186 188 320

Also watch AMBUJACEM>222 and RCOM>147.50 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

29May(11:00) Mkt -ve & choppy; No Suggest gave profit;
Watch AMBUJACEM>220 ORIENTBANK>357 VOLTAS>182
now if mkt turns up; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
AMBUJACEM See > 220 At 218 now, coming down from 221;
There is chance if mkt turns up
PFC Has gone down fast after last Update;
Lows chances of any profits here
RCOM This has also fallen fast after our last
Update; Lows chances of profits here
ORIENTBANK See > 357 This has good chances of giving some
profits in LONG if mkt turns up
SINTEX This has taken a big fall after our last
Update; Can give profits now
VOLTAS See > 182 This has also taken a big fall after our
last Update; Can give profits now

All our Suggests have fallen down together with the general condition of the market;
Be very careful if you want to enter in LONG in such falling and uncertain market;
Wait for triggers to be crossed confidently before you decide to get in.

The Nifty has developed a negative bias, instead of an expected upward trend;
Has taken a fall to go below 7300 and touched a low of 7280; There is Support at
7270; Some more downside might come; Market will remain choppy as today is Expiry.

 


 

SMS-3

29May(12:30) Mkt in red; Going Flat; ORIENTBANK gave profit;
Watch PFC>314 ORIENTBANK>373; RCOM SINTEX VOLTAS
stuck; Await Europe openng; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
AMBUJACEM Not much prospects seen in this today
PFC See > 314 Had fallen to 306; Going up now; At 312
now, good chance of profits here
RCOM Stuck at 144 Going flat and choppy in that zone;
Can give profits if mkt goes up
ORIENTBANK In at 357; Out at 377
See > 373
This had gone up sharply after last
Update; More chances of profit here
SINTEX Stuck at 190 This does not look very good; But
there is chance if mkt goes up
VOLTAS Stuck at 180 This has remained flat and steady;
Slim chances of profits here

ORIENTBANK has given good profits in LONG following the levels we gave in the
last Update; All Suggests are still capable of giving profits from present lows
if the overall market goes up now, with increase in volumes; However, if you
have already made some profits today with ORIENTBANK, it is best to
Stay Away, go home and retire now.

The Nifty continues to trade flat and quiet in the red, in the 7528-7300 zone;
Support of 7272 is still holding, as also the Resistance of 7300; Asian markets
are still mostly green; Europe is also expected to open in the green; The Rupee
has done well and is at 58.8350 now; For our market, we feel some more downside
might come now, but we should get some upside today and close around 7300.

 


 

SMS-4

29May(2:30) Mkt in red; Flat & Choppy; VOLTAS gave profit;
None looks good for LONG now in last hour; Be very
careful if you want to enter now; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
AMBUJACEM This has not given any profits today till now
PFC This has not given any profits today till now;
There may be some chance in last hour
RCOM This has not given any profits today till now
ORIENTBANK nothing has happened with this after
our last Update; Going down now
SINTEX This has not given any profits today till now
VOLTAS In at 181; Out at 182.50 This has been flat and choppy after
giving shown profits; Can give more

Only 2 of our Suggests have given small returns till now today; But overall this is
not a very bad situation on an Expiry day, when the market has been choppy
and with negative bias throughout the day; Best to Stay Away now.

The Nifty has remained flat and choppy and quiet in the 7270-7300 range since
about 10:30am today; Nifty around 7270 now, in the red; A slight negative bias is
seen; Asian markets are closing mostly in the green; But Europe is trading mostly
in the red; The Rupee is still holding 58-levels and is at 58.8400 now; For our
market, we expect some more downside, and the expected upsurge in the last
hour may not come today; Even a closing around 7300, as we had said earlier,
may not come today; Be very careful if you want to get in for LONG in
this market at this time; Today we will close red.

 


 

Please also see our Today's Performance or Details page