IntradayTrade dot Net dot IN
Alerts / Updates

for Friday, 06-June-2014


 

SUGGESTS:

 

RPOWER

 

SAIL

 

VOLTAS

 

ALSO SEE:

HEXAWARE

SINTEX

UNIONBANK

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, 06-June-2014

SMS Pre-Market

Suggests: RPOWER SAIL VOLTAS;
Also See: HEXAWARE SINTEX UNIONBANK;
Valid for date: 06-June-2014; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 7480, 7500, 7560;
NIFTY Support levels are: 7440, 7390, 7370, 7340, 7300;

 

Pre-Market Alert: 9:15am

Positive-to-Flat opening is expected for our markets today also based on
positive trends in global markets; Yesterday, the Nifty had done well to
initially stay above the 7400-mark, and then give a smart upsurge before
close to end at another life-time closing high; The Sensex also created
history yesterday by closing above the 25,000 mark for the first time
ever; A strong positive momentum has now been set into our markets;
US stocks ended higher overnight, after the European Central Bank cut
rates to record lows and pledged to do more if needed to fight off the
risk of deflation; Asian markets are trading in range right now even though
US markets have closed with strong gains; At home, in the absence of
domestic cues, our markets are expected to go along with positive global
cues; Further, reports that monsoons are expected in Kerala today, should
also help improve sentiment; Crossing Nifty-7550 is the first target now;
As said earlier, the overall bias will remain positive as long as Nifty
holds 7340; 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 chance; Take small profits and Exit; Repeat, if possible;
INR-US$ is at 59.1500; WTI Crude is at $102.48

 


 

SMS-1

06June(10:00) Gap-up openng; Going Flat;
See RPOWER>111 VOLTAS>220;
Watch SINTEX>104.50 UNIONBANK>242;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

Gap-up opening for the Nifty today, around 7520; Nifty has maintained
position above 7500 after opening and is trading flat and choppy; Nifty at
7510 now; No particular bias is seen; See these now, if market turns up:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
RPOWER 111 108 113 115 540
VOLTAS 220 217 224 228 270

Also watch SINTEX>104.50 and UNIONBANK>242 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

06June(11:00) Mkt +ve & flat; VOLTAS UNIONBANK gave
profit; Hold UNIONBANK>249 if in; Watch SAIL>110.50
HEXAWARE>151.50 now if mkt turns up; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
RPOWER This has started to go down after an initial
burst; Not much prospects seen here
SAIL See > 110.50 Going up after hitting a low of 107;
This can give profits if mkt turns up
VOLTAS In at 220; Out at 221.25 There can be more profits here
if overall market turns up
HEXAWARE See > 151.50 Going up after hitting a low of 148;
This can give profits if market turns up
SINTEX This has been flat and choppy since
opening; Not much chances seen here
UNIONBANK In at 242, Out at 248
Hold>249, SL-244
This is more opportunity here
if overall market turns up

VOLTAS UNIONBANK gave some profits in LONG following the levels we gave in the
last Update; Overall market situation has to increase now for more profits.

The Nifty has done well to hold position above 7500 since opening today; At 7520
now; Has remained flat and choppy after our last Update; But a slight negative
bias seems to be developing; Be very careful about this.

 


 

SMS-3

06June(12:30) Mkt in green; Flat & Choppy; HEXAWARE
gave profit; Hold HEXAWARE>155 if in; No other looks
good now; Await Europe openng; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
RPOWER This has fallen to 106 after our last Update;
Has some prospects of going up now
SAIL This had gone down to 106.50 after last
Update; There is low chance of profits now
VOLTAS This had gone down to 216 after last
Update; There is low chance of profits now
HEXAWARE In at 151.50, Out at 155
Hold>155, SL-152
There is still chance of more profits
here if overall market goes up
SINTEX This has remained flat since lat Update;
There is low chance here in LONG
UNIONBANK Has remained flat at 246 after our last
Update; There is still some chance here

Only HEXAWARE could give some profits in LONG, following the levels we gave in
the last Updates; There is still chances of more profits if overall market starts
going up now; But be very careful in uncertain markets; Do not risk profits made.

The Nifty has remained in the 7500-7530 range throughout the day today; At 7520
now; No definite bias is seen; Nifty-7500 has acted as good Support some time
back and prevented the index from going down further; Asian stocks have turned
mixed on caution before US jobs report; Europe is expected to open mixed;
The Rupee is doing good at 59.2025; We expect the Nifty to remain flat
and range-bound in the absence of any domestic cues; But you cannot
rule out profit booking at such high levels.

 


 

SMS-4

06June(2:30) Mkt in green; Slight +ve bias; UNIONBANK
added profit; Only UNIONBANK looks good for more in
LONG if upsurge comes in last hour; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
RPOWER This has been flat and choppy throughout the
day with a negative bias; Low chances here
SAIL There was a big drop at around 11:30am;
Not much has happened after that
VOLTAS This has shown negative trend throughout
the day today; No chances here
HEXAWARE No upward movement seen after last
Update; But there can still be some chance
SINTEX No upward movement seen after last
Update; Not much chances seen now
UNIONBANK Out at 254 This is the only Suggest that still shows
potential for more profits in LONG

Only UNIONBANK could add small profits in LONG following the levels we gave in
the previous Update; 3 of our 6 Suggests could give profits today, following
the levels we have been giving; If you have made your profits for the day,
it is best you Stay Away now; Do not risk profits already made.

The Nifty has done very well and has come up to the Resistance of 7560; The
intraday life-time high for the Nifty has been 7563.50 reached on 16-May-2014;
This is the last Resistance actually reached by the Nifty in its history; Anything
beyond this is a calculated extrapolation; Looks like this level will be breached
today before closing, creating another life-time intraday high; In any case, any
positive closing today will create another life-time closing high again; Globally,
Asian markets are closing mixed but Europe has turned positive; The Rupee is
holding good and is at 59.1800 now; For our market now, we expect some
more upside with the Nifty staying around 7550; Be very careful for
sudden downsides if you are holding, or want to get in now;
Today we will close green.

 


 

Please also see our Today's Performance or Details page