IntradayTrade dot Net dot IN
Alerts / Updates

for Monday, 16-June-2014


 

SUGGESTS:

 

BHARTIARTL

 

HINDUNILVR

 

INDIACEM

 

ALSO SEE:

ESCORTS

HINDALCO

ONGC

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, 16-June-2014

SMS Pre-Market

Suggests: BHARTIARTL HINDUNILVR INDIACEM;
Also See: ESCORTS HINDALCO ONGC;
Valid for 16-June-2014; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 7570, 7600, 7640, 7670, 7700;
NIFTY Support levels are: 7530, 7500, 7470, 7430, 7390;

 

Pre-Market Alert: 9:15am

Negative-to-Flat opening expected for our markets today based
on down global signals; Last Friday, Nifty went below its crucial
psychological level of 7550 as institutional investors booked profits
on concerns of oil supply disruption due to violence in Iraq; On Friday,
US stocks edged up boosted by bullish news from the tech sector, but
all major indexes fell for the week as unrest in Iraq kept investors on
edge; Asian shares are trading down today morning as crude extended
gains and tested nine-month highs on fears the insurgency in Iraq could
worsen and affect oil exports; At home, market consolidation is expected
to continue after the recent Bull run; Nifty-7500 is good Support today,
and below that 7470 and 7430 might also come into play today; On the
upper side, 7570 will be the first Resistance to cross after which we
have 7600; 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 59.9200; WTI Crude is at $106.91

 


 

SMS-1

16June(10:00) Flat openng; -ve bias;
See BHARTIARTL>336 INDIACEM>120.50;
Watch HINDUNILVR>642 ESCORTS>144;
For LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

Flat opening for the Nifty today, around 7540; Nifty is about to
breach the 7500-mark after opening today; At 7490 now; In the red;
Stronger negative trend can develop from here which can take the Nifty
down further; See these now, if market turns up with good volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
BHARTIARTL 336 331 340 343 170
INDIACEM 120.50 116 123 125 490

Also watch HINDUNILVR>642 and ESCORTS>144 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

16June(11:00) Mkt -ve; Going up; No Suggest gave profit;
Watch BHARTIARTL>336 INDIACEM>120.50 HINDALCO>165
ONGC>425 now if mkt turns up; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
BHARTIARTL See > 336 Going up after hitting a low of 329; Has
been very choppy; Some chances seen here
HINDUNILVR Has been going up and down erratically
since opening; No chance in this
INDIACEM See > 120.50 This has also been very choppy and uncertain
today, but there is some chance
ESCORTS Ha flattened out at 140 after hitting
a low of 136; Very low chances here
HINDALCO See > 165 Big upward and downward movements
seen after opening; Going up now
ONGC See > 425 This has also shown up and down movement,
but in a smaller range; Some chances here

No Suggests gave any profits in LONG following the levels we gave in the
last Update; No Trigger has been hit; Overall market is also very uncertain;
Be very careful if you want to enter in LONG now -- wait for trigger to be
crossed confidently in upward surge.

The Nifty has remained flat and choppy in the red, just below the line, in the
7480-7540 range since opening today; Support at 7500 has not been breached
technically as yet; Asian markets are slowly turning green; The Rupee has come
up from 60-level and is at 59.9570 now; We expect flat, range-bound trading
to continue and some upside to come later in the day;
Be patient, and be very careful in LONG ...

 


 

SMS-3

16June(12:30) Mkt in red; Going Flat; No Suggest gave profit;
Watch HINDUNILVR>636 HINDALCO>165 ONGC>425
if mkt turns up; Await Europe openng; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
BHARTIARTL Going flat and choppy in a narrow range
around 333; Has low chances of profits
HINDUNILVR See > 636 Has gone down to a low of 632; Turning
around now; Has chances of giving profits
INDIACEM Like many others, going flat & choppy;
Has low chances of giving profits
ESCORTS Like many others, going flat & choppy;
Has low chances of giving profits
HINDALCO See > 165 Has flattened out at 162; Has chances
of giving profits if this turns up
ONGC See > 425 Has the best chance of giving profits,
among all Suggest; Going up from a low of 414

No profits have been given by any of our Suggests following the levels we gave in
our Updates today; But all Suggests can give profits in LONG if the Nifty starts
to go up now; Wait till triggers are crossed confidently;
The going will be risky from here.

The Nifty has not been able to sustain an upward movement, and has started to fall
again after hitting the line at 7540 after our last Update; The Nifty had moved up
till 7540 from a low of 7490; Nifty is at 7500 now; Slight Negative bias; The
Support at 7500 will be tested again; Next Support is at 7470; Asian markets are
still mostly negative; Europe is also expected to open mostly in the red; The Rupee
has weakened and is down at 60.1580; May WPI Inflation has come in at 6.01%
vs 5.2% in April; This is a five-month high; Under these circumstances, the Nifty
will find it difficult to hold the Support of 7500 and can go down some more;
But 7470 should hold, we feel; Be very careful if you want to play in
LONG in such uncertain and falling market.

 


 

SMS-4

16June(2:30) Mkt in red; +ve bias; 2 Suggests gave profit;
Hold ESCORTS>142 HINDUNILVR>636; Watch INDIACEM>119
if upsurge comes in last hour; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
BHARTIARTL Stuck at 333; Very low chances
of profits in LONG here
HINDUNILVR In at 636
Hold>636, SL-630
Progress is very slow and choppy; Go
Marginal here if upside does not come
INDIACEM See > 119 This has chances of profits now,
going up from a low of 115
ESCORTS In at 141, Out at 142
Hold>142, SL-138
This gave opportunity following PricePoints;
Can give more now in LONG
HINDALCO This is stuck at 161; But there is scope
of profits if there is a sudden upside
ONGC In at 425, Out at 430 This has chances of more profits in
LONG after 430 if market turns up

Two of our Suggests gave chances of profits in LONG since the last Update - one
following the levels we had given and one following PricePoints; There is scope for
more profits in LONG as overall market is improving; HINDUNILVR remains a concern
if you have already entered; Try and go Marginal here if there is no improvement.

Our market has bounced back from the Support at 7470-7500 for the second time
today and is back again to the line; The Nifty is at 7535 now from a low of 7490;
Slight positive trend is seen; 7550-7570 is a Resistance zone for the Nifty and
this might prove to be difficult to cross on such an uncertain day; World markets
are not supportive as Asia is mostly red, and Europe is all in the red; The Rupee
is still above 60, but has eased a little and is at 60.0600 now; For our market,
our PM's first overseas visit is seen as a success, and there are positive bytes
from New Delhi on the country's economy; These are pushing the market up;
But we feel it will be difficult for the Nifty to cross 7570 before closing
today; Be very careful if you want to get in now for LONG;
Stay Away if in doubt; Today we will close flat.

 


 

Please also see our Today's Performance or Details page