IntradayTrade dot Net dot IN
Alerts / Updates

for Tuesday, 03-June-2014


 

SUGGESTS:

 

RPOWER

 

SYNDIBANK

 

TATASTEEL

 

ALSO SEE:

JPASSOCIAT

LICHSGFIN

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 Tuesday, 03-June-2014

SMS Pre-Market

Suggests: RPOWER SYNDIBANK TATASTEEL;
Also See: JPASSOCIAT LICHSGFIN VOLTAS;
Valid for: 03-June-2014; All for LONG;
See site for Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 7380, 7420, 7450, 7500, 7560;
NIFTY Support levels are: 7330, 7300, 7270, 7250, 7220;

 

Pre-Market Alert: 9:15am

Flat to small gap-up opening is expected for our markets today also due to
positive trends seen in global markets; The Nifty had given us a good rally
yesterday, one of the biggest gains since election results, after 5 days of
uncertain trading, that experts say, will strengthen the forward rally that
will come now; Much depends on the RBI policy announcement later today;
In US markets overnight, both S&P 500 and Dow indexes closed at record
highs after the Institute for Supply Management revised its manufacturing
index for May to show faster acceleration than in the previous month; Asian
markets are trading higher a day after public holiday, with Japan again in
the positive; At home today, subdued growth is likely to force the RBI not
to change its repo rate from 8 per cent; The RBI Governor will likely await
more clarity on the impact of monsoon rains on CPI inflation and the new
govt's commitment to fiscal consolidation; Any change in repo rates will
trigger a movement in our markets today; Otherwise, we expect quiet,
choppy trading with a slight positive bias; First Support today will be
at 7330; First Resistance will come at 7420; 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 59.2050; WTI Crude is at $102.47

 


 

SMS-1

03June(10:00) Gap-up openng; Choppy;
See SYNDIBANK>158 TATASTEEL>510;
Watch JPASSOCIAT>78.50 VOLTAS>200;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

Slight gap-up opening for the Nifty today, around 7380; Nifty has been
flat and choppy after opening in the 7360-7390 range; Trading in the
green; No particular bias is seen; See these now, if market upturn comes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
SYNDIBANK 158 154 160 162 370
TATASTEEL 510 505 513 518 110

Also watch JPASSOCIAT>78.50 and VOLTAS>200 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

03June(11:00) Mkt flat & Choppy; No Suggest gave profit;
Watch SYNDIBANK>158 TATASTEEL>510 VOLTAS>200
now if mkt turns up; Careful... See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
RPOWER Nothing happening here since opening today;
Going flat and choppy; No prospects
SYNDIBANK See > 158 Has remained flat and quiet since opening;
Can give profits from present position
TATASTEEL See > 510 Same as above, but chances are less as there
has already been some gains that we missed
JPASSOCIAT Nothing happening here since opening today;
Going choppy; But slight chances are there
LICHSGFIN Has been very choppy since opening today;
There is chances of a sudden upturn
VOLTAS See > 200 There is a chance of this giving some
profits today

None of our Suggests could give any profits in LONG after last Update; Most of
Suggests have remained flat and choppy; There are prospects now; 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 remained flat and choppy just above the line since morning today; Big
sudden ups and downs have been seen; The Nifty is around 7370 now; But there is a
chance of some downside coming, we feel, as the RBI has kept rates unchanged and
the Credit Policy is now being analysed; For the Nifty, the Support at 7330 will be
tested now, and should hold; The market is likely to progress up after that.

 


 

SMS-3

03June(12:30) Mkt in green; Going OK; 2 Suggests gave profit;
Hold SYNDIBANK>163.50 TATASTEEL>514;
Watch JPASSOCIAT>79 LICHSGFIN>337;
See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
RPOWER Not much prospects seen in this today
SYNDIBANK In at 158, Out at 163.50
Hold>163.50; SL-160
Has been going up and down in the upper
zone; Going down; But there is still chance
TATASTEEL In at 510, Out at 514
Hold>514; SL-510
There is chance here for more profits
if overall market goes up
JPASSOCIAT See > 79 There was a small upside from 77.50 to 78.50 that we missed; There is still chance here
LICHSGFIN See > 337 Here also, we missed the upside from 335
to 336; There is still chance here
VOLTAS There is a slight chance here
if overall market improves

Two of our Suggests could give some profits in LONG till now, following the levels
we gave in the previous Updates; There is still chances of more profits if overall
market starts going up again; But be careful of sudden downsides.

The Nifty has done well after fluctuating around the line for most of the morning,
and has come up from 7340 to about 7420; There is chance of more upside to come;
Asian markets are mostly in the green; But Europe is expected to open mixed; The
Rupee has weakened some more and is at 59.2750; For our market, in line with
market expectations, RBI kept key rates unchanged; Reaction for this has already
come in the upward direction, as expected by us; Now the Nifty should flatten out
around 7400 and try to hold this level; Momentum right now is surely very positive.

 


 

SMS-4

03June(2:30) Mkt in green; Choppy; TATASTEEL gave profit;
TATASTEEL>517 still good for more in LONG if upsurge
comes again in last hour; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
RPOWER This has given sudden profits at 100.50;
But we missed it; This will not be reported
SYNDIBANK Nothing further has happened here
TATASTEEL Out at 517 There is more profits here after 517 we feel;
Careful, do not risk profits already made
JPASSOCIAT No upward movement seen after last
Update; Not much chances seen now
LICHSGFIN No upward movement seen after last
Update; Not much chances seen now
VOLTAS Here also, we missed a sudden chance
that came at 199.50; Not to be reported

Only TATASTEEL could add small profits in LONG following the levels we gave in
the previous Update; But this is sufficient for the day; If you have made your profits
for the day, it is best you Stay Away now; Do not risk profits already made.

The Nifty had gone up to the Resistance level of 7420 after our last Update, as
was expected; At that point, it got stopped and fell down steeply till 7375; This
was also expected; The Nifty is trying to recover now and is at 7400-level; The
Resistance at 7420 still holds; Asian markets are closing mostly in the green but
Europe has turned negative; The Rupee is still weak and is at 59.3050 now; For
our market, we expect some more upside with the Nifty staying around 7400;
Be very careful for sudden downsides if you want to get in for LONG now;
Today we will close green.

 


 

Please also see our Today's Performance or Details page