IntradayTrade dot Net dot IN
Alerts / Updates

for Monday, 02-June-2014














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 Monday, 02-June-2014

SMS Pre-Market

Valid for date: 02-June-2014; All for LONG;
See site for full Details


For Today:

NIFTY Resistance levels are: 7250, 7270, 7300, 7320, 7350;
NIFTY Support levels are: 7220, 7200, 7170, 7140, 7100;


Pre-Market Alert: 9:15am

Flat to small gap-up opening is expected for our markets today following
mixed trends seen in global markets; The Nifty had settled lower for the
2nd successive session on Friday last on sustained profit booking in the
domestic sector and lower rollover in June futures; The benchmark indices
fell during the week; FIIs have however renewed their investment vigour
last Friday; In US, the Dow Jones and S&P 500 set fresh closing highs last
Friday; Many Asian markets are shut today on account of a public holiday;
At home today, the market has started showing slow signs of weakness,
indicating possible downsides ahead; Traders will keenly watch the RBI
policy announcement tomorrow, the first after formation of the new govt;
Trade is likely to turn choppy as the session progresses and the rate
sensitives will be in action ahead of RBI policy; Announcements by the
new government are likely to set the tone for the equity market in the
week ahead; First Support today will remain in the 7220-7200 range;
Next Support is at 7170; On the upside, a bounce back from present
level will get the Nifty back above 7300; The overall trend is still
flat to negative; 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 59.3200; WTI Crude is at $102.71




02June(10:00) Gap-up openng; Choppy but +ve bias;
See CIPLA>388 DLF>212;
Watch ADANIENT>487 SINTEX>92.50;
All for LONG if upsurge comes; Details at site -INTDAY


Update-1: 10:00am

40-point gap-up opening for the Nifty today, around 7270; Nifty had gone
down immediately after opening to 7240 level; Recovered now, back to
the 7270 level; Trading choppy in the green; Slight positive bias is
seen; See these now, if market upturn strengthens with volumes:

Name See
to buy
CIPLA 388 383 394 399 150
DLF 212 208 214 216 280

Also watch ADANIENT>487 and SINTEX>92.50 if upsurge
holds now; Take position in above scrips only if you are
absolutely confident; All for LONG; Stay Away if not sure.




02June(11:00) Nifty at 7280; +ve bias; No Suggest gave profit;
now if mkt upturns holds; See Site -INTDAY


Update-2: 11:30am

Suggest Action - for LONG Comments
ADANIENT See > 487 This is NOT moving with the Nifty;
But there is still some chance
NTPC See > 159.50 Had taken a big fall; Recovering now;
Can give profits from present lows
SINTEX Nothing happening here since opening today;
Going flat and choppy; No prospects
CIPLA Nothing happening here since opening today;
Going flat and choppy; No prospects
DLF Same as above... But this seems to
have prospects of sudden upturn
HINDUNILVR See > 600 There was a big, sudden spurt that we
missed; There can be another soon

None of our Suggests could give any profits in LONG after last Update; Most of our
Suggests have remained flat and choppy and has not moved in tandem with the
Nifty; Be very careful if you want to enter in LONG now; Wait for triggers
to be crossed confidently before you decide to get in.

The Nifty has been going up choppily and slowly since morning today, after hitting
the low of 7240 immediately after opening; But there is a steady positive bias;
Nifty is at 7280 now; Resistance of 7270 has been crossed after a little effort;
7300 is the next Resistance; Asian markets are still mixed, but Japan is deep
green with more than +2% gains; The Rupee is also making up after a weak
start and is at 59.1100 now; For the Nifty, the Resistance at 7300 will be
overcome now, we feel, and the positive trend may flatten out after that.




02June(12:30) Nifty at 7340; Going good; No Suggest gave
profit; Hold NTPC>160 if in; No other looks good for
LONG now; Await Europe openng; See Site -INTDAY


Update-3: 12:30pm

Suggest Action - for LONG Comments
ADANIENT Not much prospects seen in this now
NTPC If in at 159.50,
Hold>160; SL-156
Has got stuck at 160; Look to go
Marginal in this, if there is no movement
SINTEX Not much prospects seen in this now
CIPLA Looked good at one time, but going down
now; No prospects seen at present
DLF This has started to go down after remaining
flat for quite some time; No chance here
HINDUNILVR There was a slight upsurge we missed;
Nothing after that; Can still give profits

None of our Suggests could give any profits in LONG till now, following the levels
we gave in the previous Updates; In spite of the overall market being very good; This
is disheartening; If you have taken entry with NTPC at 159.50 following our Updates,
look to go Marginal with this; Today is not our day, it seems...

The Nifty continues to trade good in the green, and has come up to 7340 from the
day's low of 7240; A 100-point jump already; There is more to come; Asian markets
are mostly green with Japan more than +2% up; Europe is also expected to open in
the green today; The Rupee is still weak at 59.1500 now; For our market, we had
expected the Nifty to level out after 7300, that seems to have happened at 7340;
This level is being held since about 12noon today; The Resistance at 7350 is the
one that is holding; We feel we need to be a little careful at this level;
But the momentum right now is surely very positive.




02June(2:30) Nifty flat at 7350; No Suggest gave profit;
Hold NTPC>160 if in; CIPLA HINDUNILVR good for LONG
in last hour if upsurge returns; See Site -INTDAY


Update-4: 2:30pm

Suggest Action - for LONG Comments
ADANIENT This has not given any profits today; Took
a fall and is flat now; No chances here
NTPC Hold>160; SL-157 There is a slight positive bias in
this; There are still chances here
SINTEX Has has gone down further after last
Update; Flat now; No chances seen here
CIPLA Here also we see some slight chances above
388 as there is a positive bias seen
DLF There was a sudden spurt which was un-
playable; But this can give someting now
HINDUNILVR We have been hoping someting will happen
here after 600; There is still chance

None of our Suggests could give any profits in LONG till now, following the levels
we gave in the previous Updates; In spite of the overall market being very good; As
we said before, this is very disheartening; Looks like, today is not our day. But we
have not lost all hope -- we feel any of these three will give some profits today:

Meanwhile, the Nifty has gone from strength to strength and only the Resistance at
7350 has been able to stop its growth for some time; This is still holding, since about
1:30pm, but should now give way; Asian markets are closing mostly in the green with
Japan leading; Europe is also trading mostly in the green; The Rupee has held on and
is at 59.1400 now; For our market, we expect some more upside, but the Resistance
at 7350 will have to be crossed first; Upward momentum is quite strong; Be very
careful if you want to get in for LONG now. It is not our day today.
Today we will close green.



Please also see our Today's Performance or Details page