IntradayTrade dot Net dot IN
Alerts / Updates

for Tuesday, 24-June-2014














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, 24-June-2014

SMS Pre-Market

Valid for date: 24-June-2014; All for LONG;
See site for full Details


For Today:

NIFTY Resistance levels are: 7530, 7550, 7570, 7610, 7650;
NIFTY Support levels are: 7470, 7430, 7390, 7370, 7330;


Pre-Market Alert: 9:15am

A slight gap-up opening is expected for our markets today based on
positive Asian cues; Yesterday, the Nifty displayed a slight negative
bias throughout the day on continued profit booking, and closed below
the important level of 7500, falling for the fourth straight session;
Overnight, US stocks ended almost flat even though US May existing home
sales rose at more than twice the rate of growth expected; Asian markets
remain subdued today and are trading in a range; At home, the consolidation
for the Nifty continues as we still hover around the 7500 region; Nifty is
expected to re-gain 7500 on opening today but remain range-bound in
the absence of domestic cues; The Resistance at 7550-7570 may be
difficult to cross; Nifty-7610 is the target in the next few days;
There is solid Support at 7480-7470; 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 60.1200; WTI Crude is at $106.17




24June(10:00) Gap-up openng; Going up;
Watch ITC>322 SYNDIBANK>164.50;
All for LONG if upsurge comes; Details at site -INTDAY


Update-1: 10:00am

30-point gap-up opening for the Nifty today, around 7520; Nifty has
shown steady positive bias after opening, and has already crossed
7550; At 7565 now, in green; The Resistance at 7550-7570 is being
tested right now, and seems to be holding strong; See these, if
market upturn holds now with supporting volumes:

Name See
to buy
INDIACEM 118.50 116 120 122 500
PETRONET 180 177 182 184 330

Also watch ITC>322 and SYNDIBANK>164.50 if upsurge
holds now; Take position in above scrips only if you are
absolutely confident; All for LONG; Stay Away if not sure.




24June(11:00) Mkt +ve & flat; PETRONET gave profit; Hold
PETRONET>181 if in; Watch INDIACEM>118 ITC>321
SYNDIBANK>164.50 now if mkt turns up; See Site -INTDAY


Update-2: 11:00am

Suggest Action - for LONG Comments
INDIACEM See > 118 Has remained flat at 117; Turning down
now; Some profits can still come
PETRONET In at 180, Out at 181
Hold>181, SL-179
This is rising up steadily since opening;
Flattened out now, but there is more here
SUNTV This has shown no potential since opening;
Had taken a fall; Very Choppy now
ITC See > 321 Has remained flat & straight at 319 after
an initial rise; May be profits here
SYNDIBANK See > 164.50 This has been very choppy and flat since
opening today; Maybe chances here
ZEEL This has gone down and down after
opening and is still going down now

Many of our Suggest had given an initial burst upwards that could have given small
profits immediately after opening; But we could not catch them; Profits shown in
PETRONET was the only 'gettable' result; Many of our Suggests still have
potential of giving profits in LONG following the levels we have given, if
the market turns up again; Wait for Trigger to be crossed confidently
before taking position.

The Nifty has got stuck at the Resistance zone of 7550-7570 after our last
Update, and has become flat, quiet and range-bound, exactly as we had expected;
Nifty at 7565 now; Fluctuating in the 7560-7580 range; The positive bias seen
after opening has levelled out; Some small downside might come now;
Be patient, and be very careful in LONG ...




24June(12:30) Mkt in green; Going Flat; INDIACEM gave profit;
Watch INDIACEM>119 PETRONET>181 ITC>321 now if mkt
turns up; Await Europe openng; See Site -INTDAY


Update-3: 12:30pm

Suggest Action - for LONG Comments
INDIACEM In at 118, Out at 118.75
See > 119
This has given some small profits, then
gone down; There is chance for more here
PETRONET See > 181 This has been static between 180-181
for some time; Can give more profits
SUNTV This has been choppy with a slight negative
bias since morning; But turning around now
ITC See > 321 This has remained stuck at 320 after our
last Update; Can go up from here
SYNDIBANK PSU Banks were expected to do well today;
So far nothing; But there is still chance
ZEEL This continues with its downward movement;
Seems like no chance of turning around

Small profits were given by INDIACEM following the levels we gave in our last Update;
Some of our Suggests look promising if the market turns up now, but be very sure
and certain if you want to enter in such uncertain and flat markets; Wait
for Triggers to be crossed confidently...

The Nifty is in the green, flat and quiet, and continues in the Resistance zone of
7550-7570; The Nifty is finding it difficult to cross over this Resistance level;
But should be able to cross over today; Asian markets are all in the green, Europe
is also expected to open mostly in the green; The Rupee is doing good at 60.1150;
We expect the Nifty to continue with flat, range-bound trading and then break
out upwards late in the day; Be very careful if you want to play in
LONG in such uncertain market.




24June(2:30) Mkt in green; +ve bias; 3 Suggests gave profit;
Only PETRONET looks good for more in LONG if upsurge
comes back in last hour; See Site -INTDAY


Update-4: 2:30pm

Suggest Action - for LONG Comments
INDIACEM This has not done anything further after
the last profit surge; Low chances now
PETRONET Out at 181.50 Nothing much has happened with this also;
But this still has chance of more profits
SUNTV This has low potential for giving any
profits in LONG today in the last hour
ITC In at 321, Out at 322.50 Some small profit was given by this but we
do not see any more here; Low chances now
SYNDIBANK In at 163, Out at 165.50 This has gone down rapidly after giving
some sudden profits; Low chances now
ZEEL Like SUNTV, this has not looked good the
whole day; But this might turn around now

Some of our Suggests could give small profits in LONG after our last Update, following
the levels we had given today; At this point only PETRONET looks good for giving more
profits in LONG; But be very careful of sudden downsides due to some negative
news; Best to Stay Away now if you are already in profit.

The Nifty has not been able to technically cross the Resistance at 7570, nor has it
reached the target of 7610 today, as it has got caught at 7590; This level has not
been crossed even after several attempts; In fact, some downside has come in, as
was expected by us; There is Support at 7530; Asian markets are closing mostly
green; But Europe is slowly turning red; The Rupee is doing good at 60.0750;
We had expected a good upside to come towards the end of the day, but it had
arrived early and is now over; Another wave might still come; In any case,
we should get a closing above 7550 today; Be very careful in
LONG now; Stay Away if in profit; Today we will close green.



Please also see our Today's Performance or Details page