IntradayTrade dot Net dot IN
Alerts / Updates

for Wednesday, 11-June-2014


 

SUGGESTS:

 

COALINDIA

 

DISHTV

 

PTC

 

ALSO SEE:

CROMPGREAV

JPASSOCIAT

TITAN

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 Wednesday, 11-June-2014

SMS Pre-Market

Suggests: COALINDIA DISHTV PTC;
Also See: CROMPGREAV JPASSOCIAT TITAN;
Valid for: 11-June-2014; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 7675, 7700;
NIFTY Support levels are: 7620, 7590, 7560, 7520, 7500;

 

Pre-Market Alert: 9:15am

Flat-to-Positive opening expected for our markets today also based on
mixed trends in global markets; Indian shares ended flat after hitting
record highs for the third consecutive session on the back of gains in
defensive stocks yesterday, despite profit taking in the initial half
of the session; Overnight, US stocks finished nearly flat although the
Dow recorded another record closing high; Asian shares consolidated
near recent highs following a flat finish on Wall Street, and are trading
mixed today morning; At home, we expect the positive trend to continue,
with some consolidation at the 7650 level; Profit booking bouts are also
bound to come in at such high levels; On the high side, the target for
the Nifty now is to cross 7700; On the lower side, there is Support at
7590 and 7560 that should hold; April IIP data and May CPI inflation
will be out tomorrow; 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 59.3250; WTI Crude is at $104.35

 


 

SMS-1

11June(10:00) Flat openng; Flat & Choppy;
See COALINDIA>422 PTC>104.70;
Watch DISHTV>61.50 CROMPGREAV>217.50;
For LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

Flat opening for the Nifty today, around 7670; Nifty has taken a small
30-point fall immediately after opening, much like yesterday, to touch a
low of 7640; Trading flat and choppy now; Nifty is in the green, around
7665 now; See these now, if market turns up with increased volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
COALINDIA 422 416 425 430 140
PTC 104.70 101 106 107 570

Also watch DISHTV>61.50 and CROMPGREAV>217.50 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

11June(11:00) Mkt +ve & trending; 2 Suggests gave profit;
Hold COALINDIA>424 DISHTV>61.5 CROMPGREAV>220
if mkt upturn holds; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
COALINDIA In at 422; Out at 423.50
Hold>424; SL-419
Going very choppy, but has slight positive
bias; Can give more profits from here
DISHTV In at 61.50
Hold>61.50; SL-60
This also has a distinct but small positive
bias; There is chance in this also
PTC The initial upside was not very big;
After that nothing; Going down now
CROMPGREAV In at 217.50; Out at 219.50
Hold>220; SL-215
This has levelled out; Not much chances
here; Can give profits only if upsurge comes
JPASSOCIAT This has been flat and quiet since opening
today; Not much chances seen here
TITAN Same as above; This is in fact
showing a negative trend now

2 Suggests gave some profits in LONG following the levels we gave in the
last Update; Both can give more, together with the others, provided the Nifty
can maintain the current upsurge; But it is time to be careful...

The Nifty has done extremely well to hold position above 7650 and then gain
some more to touch 7700, which is again a life-time high; Has come down a little
after that, and is at 7690 now; There is no global support as Asia has turned
negative; The Rupee is still weak at 59.3050; And there are no domestic cues;
We expect some correction now that the target of 7700 has been hit;
Be very careful in LONG ...

 


 

SMS-3

11June(12:30) Mkt in red; Going down; No Suggest gave
profit; DISHTV was marginal; None looks good for
LONG now; Await Europe openng; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
COALINDIA Looks like turning up after taking a fall
till 412; Has chances now if upturn comes;
DISHTV Marginal
at 61.50
Going down choppily; But there is chance
of profits here if this turn up now
PTC Same as above; Can give some
profits in LONG if upturn comes
CROMPGREAV Like COALINDIA, this also seems to be turning
around after falling till 210; Keep a watch
JPASSOCIAT This has shown constant and steady downside
since opening today; There is no chance here
TITAN This has also shown steady negative bias;
But there is slight chance if it turns up

No profits have been given by any of our Suggests following the levels we gave in our
Updates, after the decline started when Nifty hit 7700; There is still chances of profits
in LONG from present lows if market starts going up again; But the going will be risky.

The Nifty had taken a good 80-point fall, from 7700 to 7620, immediately after our
last Update; This kind of movement was expected by us; Nifty is in the red now, at
7635; Negative bias is still seen to be present; 7620 is a reliable Support for the
Nifty, but will be tested again, we feel; Next Support is at 7590; Asia has turned
negative; Also key European markets are trading red; The Rupee is holding on and
is at 59.3130 now; For our market, we expect the Nifty to hold the Support of 7620
for some more time; Even if more weakness comes, we do not expect the Nifty to
go below 7590 by any big margin; We expect a slight positive bias to develop
later that should take the Nifty to 7650 by closing today; As always, be
very careful if you want to play in LONG in a falling/uncertain market.

 


 

SMS-4

11June(2:30) Mkt in red; Flat & Choppy; No Suggest gave
profit; None looks good for LONG now; All can profit if
upsurge comes now in last hour; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
COALINDIA There is no chance at this time;
But all can give profits from present
lows if the overall market turns around
DISHTV
PTC
CROMPGREAV
JPASSOCIAT
TITAN

None of our Suggests show definite chances of profits in LONG in the last hour,
unless the overall market turns around; As before, if you have made your profits
for the day, it is best you Stay Away now; Do not risk profits already made.

Market consolidation continues; For the Nifty, the Support of 7620 was breached
after a few tries; But the next Support at 7590 seems to have stopped the Nifty
from going down further, exactly as we had predicted; 7600-level has been held;
Nifty is at 7620 now; Asian markets are closing mixed, but Europe is in the red;
The Rupee is still holding, and is at 59.2850 now; For our market, we still feel
that we will get a smart upside before closing that will take the Nifty close to
the line; We already have another life-time intraday high for the Nifty; Any
green closing will create another closing high; Be very careful if you want
to get in now for LONG; Best to Stay Away; Today we will close flat.

 


 

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