IntradayTrade dot Net dot IN
Alerts / Updates

for Tuesday, 17-June-2014


 

SUGGESTS:

 

BHARATFORG

 

CROMPGREAV

 

DISHMAN

 

ALSO SEE:

JPASSOCIAT

TATAPOWER

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, 17-June-2014

SMS Pre-Market

Suggests: BHARATFORG CROMPGREAV DISHMAN;
Also See: JPASSOCIAT TATAPOWER VOLTAS;
Valid for 17-June-2014; All for LONG;
See site for Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 7550, 7570, 7600, 7640, 7670;
NIFTY Support levels are: 7500, 7470, 7430, 7390, 7370;

 

Pre-Market Alert: 9:15am

Negative-to-Flat opening expected for our markets today based
on mixed global signals; Yesterday, Nifty was able to maintain 7500
level after several ups and downs in a choppy day of trade, pulled
down by 5-month-high WPI inflation; Overnight, US stocks closed
slightly higher but turmoil in Iraq drove oil prices up and kept trading
choppy; Asian stocks are trading in a range today as deepening
conflict in Iraq and a gas dispute between Ukraine and Russia kept
investors cautious; Back home, we expect to see quiet and choppy
trading today also as global issues continue to rule in the absence
of domestic cues; The consolidation will continue, but 7470-7430 will
be strong Support for the Nifty; On the higher side, 7570 will be the
first Resistance, followed by 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 60.4100; WTI Crude is at $106.90

 


 

SMS-1

17June(10:00) Gap-down openng; +ve bias;
See CROMPGREAV>204 TATAPOWER>107.50;
Watch BHARATFORG>593 VOLTAS>233.50;
For LONG if upsurge holds; See site -INTDAY

 

Update-1: 10:00am

Gap-down opening for the Nifty today, around 7520; Nifty has shown a
slight positive bias after opening, but the going is very choppy; Nifty
is at 7545 now, in the green; A high of 7550 was touched just now; We
expect choppy trade to continue; See these now, if market turns up again:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
CROMPGREAV 204 200 206 208 290
TATAPOWER 107.50 105 110 112 550

Also watch BHARATFORG>593 and VOLTAS>233.50 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

17June(11:00) Mkt -ve & choppy; No Suggest gave profit;
BHARATFORG gone into loss; No Suggest looks good now;
All can profit if mkt turns up; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
BHARATFORG In at 593, Out at 590 Going down after hitting the trigger briefly;
Should have been out at 590 to limit losses
CROMPGREAV Has been going down after our last Update;
Might turn around now from low of 198
DISHMAN Went up to a high of 128 after opening;
Looks like turning around now from low of 123
JPASSOCIAT Going down steadily from 78 after opening
today; Low chances seen here in LONG
TATAPOWER Went up to 106 after opening; Then down
to 103; Looks like turning around now
VOLTAS Went up to 232 after opening, going down
after that with no signs of a turn-around

No Suggests gave any profits in LONG following the levels we gave in the
last Update; However, the Trigger for BHARATFORG was hit at 593; If you had
entered BHARATFORG at that level, you could have gone into a loss now; This
might still give another chance to make up the losses; We have not given any
levels to watch now as no Suggest looks good for LONG at this time; But all
can profit if overall market improves and starts to go up; Follow PricePoints.

The Nifty has remained choppy and erratic as we had expected; In the red now,
around 7525; Coming down from 7550; Asian markets are still very mixed; The
Rupee is weak at 60.3700; We expect choppy, range-bound trading to continue
in the 7520-7550 range unless we get some trigger to go up or down;
Be patient, and be very careful in LONG ...

 


 

SMS-3

17June(12:30) Mkt in red; Going down; No Suggest gave
profit; None look good for LONG now; All can profit
if mkt turns up; Await Europe openng; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
BHARATFORG The loss remains; This has not given any
chance to make up for the losses till now
CROMPGREAV Has gone down to 195 from 198 seen last
time; Might be turning around now for profits
DISHMAN This looks a good candidate to give some
profits in LONG from 124 if upturn comes now
JPASSOCIAT Like many others, this looked like turning
around, but did not; Still has chances
TATAPOWER This is also good for turning around from
a low of 103.50; But be very careful ...
VOLTAS Has the good chance of giving profits,
if turn-around comes from low of 222

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 Suggests turn
up from present lows and the Nifty starts to go up now; Follow PricePoints;
Be very careful ... Specially if you are already in Loss due to BHARATFORG;
The going will be risky from here.

The Nifty has remained flat and choppy as we had expected, but has just now gone
down to 7510, which is below the bottom of the 7520-7550 range we had expected;
The Support at 7500 has worked; Below that, there is good Support at 7470; Asian
markets are slowly turning positive; Europe is also expected to open mostly in the
green; The Rupee is also improving and is at 60.1800 now; If things proceed like
this, and we do not get any negative cues, we expect the Nifty to climb up to the
line again and go into the green; But the Resistance at 7570 is still very far;
We expect the Nifty to get back into range-bound trading, but in a higher
range this time; Be very careful if you want to play in
LONG in such uncertain and choppy market.

 


 

SMS-4

17June(2:30) Mkt green; +ve bias; 2 Suggest gave profit;
Hold JPASSOCIAT>78 TATAPOWER>105.50;
Watch CROMPGREAV>199 VOLTAS>229 if upsurge holds;
See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
BHARATFORG This has not shown any change, but can
still give chance to make up Rs3 in profits
CROMPGREAV See > 199 An upsurge has started together with the
general market; But the going is slow
DISHMAN This is not moving with the general
market; Hence, not considered
JPASSOCIAT In at 77, Out at 78
Hold>78, SL-76.50
This gave opportunity following PricePoints
as it is moving along with the market
TATAPOWER In at 105, Out at 105.50
Hold>105.50, SL-104
Same as above; But be careful to get
out in time and not risk your profits
VOLTAS See > 229 Rate upwards is not fast; Also, PricePoints
are not favourable; Do not consider

Two of our Suggests gave chances of profits in LONG since the last Update following
PricePoints; There is scope for more profits in LONG as overall market is improving
very fast; BHARATFORG remains a concern as it has still not given a scope to wipe
out the losses made earlier; There is still hope; Also, do not consider VOLTAS
as it is not actually moving with the general market conditions.

The Nifty has bounced from the Support at 7500 and has gone sharply upwards
from range-bound trading in the last few minutes, to go above 7600; We have
already seen a 100-point jump from the day's low, and upward momentum is
still quite strong; We should see some more upside before closing today; Asian
markets have turned mostly positive; Europe is also trading all in the green;
The Rupee has also recovered significantly and is at 60.0300 now; For our
market, the reason behind the sudden upsurge is not clear; We feel it will be
difficult for the Nifty to cross the strong Resistances at 7640-7670 by closing
today; But 7600 should be maintained; Be very careful if you want to hold,
or get in now for LONG; Stay Away if in doubt; Today we will close green.

 


 

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