IntradayTrade dot Net dot IN
Alerts / Updates

for Friday, 04-July-2014


 

SUGGESTS:

 

ARVIND

 

TATAMOTORS

 

UCOBANK

 

ALSO SEE:

EXIDEIND

GLENMARK

WIPRO

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 Friday, 04-July-2014

SMS Pre-Market

Suggests: ARVIND TATAMOTORS UCOBANK;
Also See: EXIDEIND GLENMARK WIPRO;
Valid for date: 04-July-2014; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 7740, 7760, 7780, 7800, 7840;
NIFTY Support levels are: 7680, 7650, 7620, 7580, 7560;

 

Pre-Market Alert: 9:15am

A flat-to-positive opening is expected for our markets today, following
mixed global cues; Yesterday, the Nifty has created yet another life-time
intraday high in trade, but had closed marginally lower after trading on
the BSE was disrupted for about three hours due to network outage; US
stocks rose to yet another record high overnight, with the Dow topping
17000 for the first time after the June jobs report came in much stronger
than expected; Both the Dow and S&P500 ended at their third consecutive
record highs in holiday shortened session before July 4 Independence Day
holiday, when the US stock market will be closed; Asian shares are trading
higher today morning; Japan's Nikkei share average rose to 5-1/2-month high
today; At home, experts feel that our markets will be in a profit-booking and
consolidation mode until the highly anticipated Union Budget on 10th July;
Until then, investors can expect the markets to mostly stay range-bound; The
upward momentum is subdued; Immediate target is still 7750-7780; There is
good Support at 7680 and then at 7620; 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 good chance; Take small profits and Exit; Repeat;
INR-US$ is at 59.6610; WTI Crude is at $104.06

 


 

SMS-1

04July(10:00) Flat openng; Flat & Choppy;
See ARVIND>246 UCOBANK>113.50;
Watch TATAMOTORS>474 WIPRO>556;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

Flat opening for the Nifty today, around 7720; Went up to 7730 and then
down to 7710 immediately after opening; Around 7725 now, fluctuating
in the very narrow 7720-7730 band; Trading quiet and very choppy;
See these if market upturn comes with supporting volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
ARVIND 246 242 248 250 240
UCOBANK 113.50 111 115 116 520

Also watch TATAMOTORS>474 and WIPRO>556 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

04July(11:00) Mkt in green; Choppy & flat; No Suggest gave profit;
Watch TATAMOTORS >472 GLENMARK>618 now if mkt turns up;
Careful today... See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
ARVIND There was hope here, but nothing came;
There is still chance in this after 246
TATAMOTORS See > 472 This had gone down after initial burst;
We feel this will turn around now
UCOBANK This has remained flat, choppy since opening;
There are chances here if mkt turns up
EXIDEIND This has gone down steadily since
opening; Might turn around later
GLENMARK See > 618 This has also remained very flat since
opening; There is chance of upturn here
WIPRO This has been flat and quiet after
falling on opening; Low chances here

In keeping with the general market trend, none of our Suggests have progressed
since the last Update, following the levels we had given; All our Suggests have good
chance for profits if the Nifty starts to go up; But be careful, market is expected to
be range-bound; Wait for Trigger to be crossed confidently before taking position.

The Nifty has remained choppy within a range after our last Update, as was expected;
Only change is that the range is now 7720-7735; The market is generally going
nowhere; Asian markets are mostly green; Those that are red are marginally so;
The Rupee is holding at 59.6625; We expect the Nifty to continue in this narrow
band, but if we do not get any positive inputs, a negative trend might come in;
Be prepared for profit-booking downside; Be patient, and very careful in LONG ...

 


 

SMS-3

04July(12:30) Mkt in red; Going down; No Suggest gave profit;
None look good for LONG now; All can profit from present
lows if mkt turns up; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
ARVIND The chance after 246 did not come at
this got stuck there; Low chances now
TATAMOTORS We still feel this will turn around from
present lows; Has done nothing until now
UCOBANK This is still very choppy and range-bound;
There are chances here if mkt turns up
EXIDEIND The steadily fall continues here; Has been
like this since opening; Low chances now
GLENMARK This has taken a small fall after remained
flat since opening; Low chances here
WIPRO After falling on opening, this was flat - now
it is going down again; Low chances here

Another bad day for us, as our Suggests are following the general market trend in
toto; Playing with our Suggests today have been difficult in such uncertain and falling
market; Today also, we have not given any further levels to look out for; As we feel
that going forward from here will be very risky; Be very careful;
Look at all aspects before you decide get in ...

Nifty has gone down steadily after our last Update and the Support at 7680-7670
is under attack; Nifty is at 7680 now, in the red; This fall was correctly predicted
by us; There can be more downside, unless we get some positive inputs to ward
off profit booking; Asian markets are mixed and flat around the line; But Europe is
expected to open in the red; The Rupee is a little down at 59.7450; And there was a
good scare on bad monsoons and impending draught in Western India from SkyMet;
All these have pulled the Nifty down, but we expect the Support at 7630 to hold; In
fact, we expect 7700 to be returned by the Nifty today; Unless we get more wrong
news; Our Suggests are not working today, so be very careful ... it is better
to go blank without profits, than going into a loss!

 


 

SMS-4

04July(2:30) Mkt on line; Slgt +ve bias; None gave profit;
ARVIND UCOBANK EXIDEIND GLENMARK good for LONG
if upsurge comes in last hour; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
ARVIND There was chance at 246; If you are already
in at 246, get out with minimum profit
TATAMOTORS This has disappointed today; There is
very low chance of profits now
UCOBANK Right at start we said there is chance at
113.50; If in, hold for some profits
EXIDEIND The steadily fall has turned around at 157;
At 159.50 now; There is chance after 161
GLENMARK This is again going very flat around 608;
There are chances here of a sudden rise
WIPRO A turn-around came, but it was very weak;
Low chances seen here now

None of our Suggests could give any profits in LONG following our levels or our
PricePoints today; Again, we have not given any levels as no Suggest looks certain
for profits in LONG at this time; But some Suggest might jump up from present lows
if the Nifty upsurge towards 7750 strengthens; See the comments against Suggest.

The Nifty has shown a distinct positive bias after hitting a low of 7660 after
our last Update; Nifty is at 7720 now, just above the line, in the green; Again,
the Support at 7680-7670 has held strong; Asian markets are closing mixed;
Europe is trading mostly in the red; The Rupee is holding at 59.7150; There are
good bytes coming from the central govt concerning the budget, that is being
liked by the market; This is pushing the Nifty up; We expect the Nifty to go
towards 7750 at least before closing today; But be very careful in LONG
with our Suggests as they have not performed well till now;
Today we will close green.

 


 

Please also see our Today's Performance or Details page