IntradayTrade dot Net dot IN
Alerts / Updates

for Wednesday, 18-June-2014


 

SUGGESTS:

 

ALBK

 

JPASSOCIAT

 

ONGC

 

ALSO SEE:

BHEL

SINTEX

TATACOMM

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, 18-June-2014

SMS Pre-Market

Suggests: ALBK JPASSOCIAT ONGC;
Also See: BHEL SINTEX TATACOMM;
Valid for date: 18-June-2014; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 7650, 7670, 7700 .. 7800, 7840;
NIFTY Support levels are: 7610, 7580, 7530, 7500, 7470;

 

Pre-Market Alert: 9:15am

Flat-to-Positive opening expected for our markets today based on
mixed global signals; Yesterday, Nifty gave a late smart rise to get
back to 7500+ level, ignoring tensions in Iraq and sticky inflation
at home; Overnight, US stocks ended higher lifted by some financial
shares after the Consumer Price Index rose 0.4 per cent in May, the
biggest gain in more than a year, pushing investors to sell some US
govt debt; Asian markets were trading in a range ahead of US Federal
Reserve's two-day policy meet which will end later today; US crude oil
futures fell 0.5 percent to settle at $106.36 a barrel after President
Barack Obama considered options for military action in response to a
Sunni militant onslaught in Iraq; Back home, we expect to see another
quiet and choppy day around the line, as Nifty-7600 is expected to be
held; Further direction will depend on domestic and global cues; Some
profit booking can come in due to inaction; There is good Support at
7580, and on the higher side, 7650-7670 might be difficult to cross;
Follow only select stocks; Do not be in a hurry to get in; Consider
all angles before you buy; Act quickly when you get a chance;
Take small profits and Exit; Repeat, if possible;
INR-US$ is at 60.2300; WTI Crude is at $106.36

 


 

SMS-1

18June(10:00) Gap-up openng; Going Flat;
See ONGC>453 TATACOMM>391;
Watch ALBK>142 JPASSOCIAT>80.25;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

Flat opening for the Nifty today, around 7635; Nifty has been
choppy just above the line after opening, but a slight positive
bias seems to be developing now; Nifty is at 7650 now, in
the green; See these now, if market upturn gets stronger:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
ONGC 453 446 456 458 130
TATACOMM 391 385 394 397 150

Also watch ALBK>142 and JPASSOCIAT>80.25 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

18June(11:00) Mkt choppy & flat; No Suggest gave profit;
Hold ONGC>453 if in; Try to go Marginal with this;
No other looks good for LONG now; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
ALBK Going down steadily since opening today;
Low chances seen here
JPASSOCIAT Flat opening; Then took a fall; Has been
going down since then; Low chances here
ONGC In at 453
Hold>453, SL-446
This might become BHARATFORG of yesterday;
Try to limit losses & go Marginal with this
BHEL Has remained flat & choppy after opening
today; Can turn around and give profits
SINTEX This is very flat at 96; Has good
chances of giving a flash upside surge
TATACOMM Going flat and quiet after initial rush
that we missed; Can give profits later

No Suggests gave any profits in LONG following the levels we gave in the
last Update; Like yesterday with BHARATFORG, the Trigger for ONGC was hit at
453; If you had entered ONGC at that level, you should try to go Marginal with
this and limit your 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 come back to the line at 7630 after showing some signs of a
positive trend and hitting a high of 7660 some time back; Still in the green,
at 7635 now; Has flattened out; Asian markets are still very mixed; The Rupee
is holding at 60.1100; We expect choppy, range-bound trading to continue in
the 7620-7660 range unless we get some trigger to go up or down;
Be patient, and be very careful in LONG ...

 


 

SMS-3

18June(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
ALBK Falling fast; In keeping with general market
trend; No chance in LONG at present
JPASSOCIAT Same as above; Might turn around
for profits later in the day
ONGC Out at 450 The loss remains; Falling further down; Might
give a chance later to make up losses
BHEL Like many others, this is also falling
down fast; Can turn around later
SINTEX Was flat for quite some time; Then the
fall started together with the others
TATACOMM This has started to fall after being flat
since opening today; Going down fast

No profits have been given by any of our Suggests following the levels we gave in
our Updates today; Overall market is falling fast; All our Suggests are also falling
down together; But all Suggests can give profits in LONG if the Suggests turn
up from present lows and the Nifty starts to go up; Follow PricePoints;
Be very careful ... Specially if you are already in Loss due to ONGC;
The going will be risky from here.

The Nifty has taken a sharp and sudden fall; After being around 7650 for most of
the morning, the Nifty started falling at around 12:15pm and has already hit a low
of 7570; There is Support at 7580 that is being tested now; But the momentum
downward is very strong and we might see some more downside; Next Support
is at 7530, which is sure to be tested in the next few minutes; Asian markets
are still very mixed; Europe is also expected to open mixed; The Rupee has gone
down deep below 60, and is at 60.3100 now from a high of 60.0700, due to the
fall in the equities market; We expect the Nifty to flatten out at the next Support
zone and climb up back to the line as this current flash seems to be because of
disappointment on the floor as there was nothing new in the RIL-AGM; The sell-off
was also aided by the delay in monsoons reported by the Met dept resulting in
drought like conditions in most parts of India and heat wave delaying sowing
of crops; Some fight back is expected; Be very careful if you want to
play in LONG in such uncertain market.

 


 

Breaking News: (1:35pm)

According to reports, the sudden fall in the indexes was triggered by escalating
tension in Iraq; After taking control of Iraq's biggest oil refinery in Baiji,
ISIS militants are now just minutes away from capital Baghdad; The report adds:
If oil prices remain high even for three to four months around $120 a barrel, it
could have a significant impact on the fiscal deficit and economic growth; This
could increase subsidy costs by Rs20000-Rs22500 crore in the current fiscal year;
That would threaten the deficit target of 4.1% of gross domestic product (GDP).

 


 

SMS-4

18June(2:30) Mkt in red; +ve bias; ONGC SINTEX
TATACOMM gave profit; All 3 still good for more in
LONG if upsurge holds now in last hour; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
ALBK Has turned around after hitting a low of 132;
At 135 now; Good chances of profits
JPASSOCIAT This also has good chances of profits
as it has turned around from a low of 74
ONGC In at 442, Out at 445 Our Rs3 loss has been recovered following
PricePoints; There is good chance for more
BHEL It was not feasable to enter at 243 following
PricePoints; So we missed out on this
SINTEX In at 92, Out at 95 For this, PricePoints were favourable;
There is still chance for more profits here
TATACOMM In at 376, Out at 380 Here also, PricePoints were favourable;
Again, there is scope for more profits

Three of our Suggests gave chances of profits in LONG since the last Update following
PricePoints, as the market has turned around as we had expected; The losses with
ONGC have been recovered; All Suggests show signs of giving profits in LONG from
present positions, following PricePoints, if the market upsurge continues; But
be very careful of sudden downsides returning due to more global news.

The Nifty has bounced from the Support zone of 7530 and has gone upwards
to touch 7600 a few minutes ago; The Nifty has, however, taken a pause at this
level, and has gone into range-bound trading between 7590-7610; We expect to
see some more upside before closing today; Asian markets are still mixed; Europe
is now trading all in the green; The Rupee has also recovered slightly and is at
60.2500 now after hitting a low of 60.4100 when the decline came; For our
market, we expect the level of 7600 to be held by the Nifty at closing today;
There is good chance that we will get some more upside and go above the
line; Be very careful if you want to hold, or get in now for LONG;
Stay Away if in doubt; Today we will close flat/green.

 


 

Please also see our Today's Performance or Details page