IntradayTrade dot Net dot IN
Alerts / Updates

for Monday, 07-July-2014


 

SUGGESTS:

 

CROMPGREAV

 

IRB

 

UCOBANK

 

ALSO SEE:

APOLLOTYRE

POLARIS

POWERGRID

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, 07-July-2014

SMS Pre-Market

Suggests: CROMPGREAV IRB UCOBANK;
Also See: APOLLOTYRE POLARIS POWERGRID;
Valid for 07-July-2014; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 7780, 7800, 7840;
NIFTY Support levels are: 7720, 7690, 7660, 7620, 7580;

 

Pre-Market Alert: 9:15am

A flat-to-positive opening is expected for our markets today, following mixed
global cues; Last Friday, the Nifty created yet another life-time intraday high
as-well-as another all-time closing high after trading had picked up steam in
the second half of the day on budget and growth expectations; US markets
were closed on Friday on account of Independence Day holiday; The Asian
markets are trading mixed today morning in the absence of cues from the
West; At home, our markets are expected to continue with their positive
mood today, but volatility is feared before the budgets; Technically, the
upside target is now 7800 on the Nifty in the next few sessions, and in
case of further bullishness, 7850 may also be tested; Good Support is
now at 7690-7680 and then at 7660-7650; We expect some profit
booking to set in immediately after 7800 is reached; Follow 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, if the upside continues;
INR-US$ is at 59.7180; WTI Crude is at $104.06

 


 

SMS-1

07July(10:00) Gap-up openng; Going Flat;
See CROMPGREAV>211 IRB>266;
Watch APOLLOTYRE>215 POLARIS>243;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

Slight gap-up opening for the Nifty today, around 7780; Went down to 7750
and then up to 7790 immediately after opening; Around 7780 now, in the green;
Trading quiet and very choppy; This volatility may be dangerous for intraday
trading today; See these if market upturn comes with supporting volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
CROMPGREAV 211 208 213 214 280
IRB 266 262 268 270 220

Also watch APOLLOTYRE>215 and POLARIS>243 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

07July(11:00) Mkt +ve & flat; No Suggest gave profit;
Hold CROMPGREAV>211 if in; Watch IRB>266 UCOBANK>114
APOLLOTYRE>214 now if mkt turns up; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
CROMPGREAV In at 211
Hold>211, SL-208
There was chance to enter here at 209 which
we missed; There is chance in this today
IRB See > 266 This is going flat after initial burst;
We feel this will turn up again
UCOBANK See > 114 This took a sustained fall after opening;
This should turn up now with the Nifty
APOLLOTYRE See > 214 Same here; Up and down after opening;
This should turn up if Nifty turns up
POLARIS This has remained very flat since opening
today; Low chance of upturn here
POWERGRID This has also been flat and very choppy
after today's opening; Low chances here

In keeping with the prevailing flat and choppy 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,
as such markets are very risky for trading in LONG in Intraday, as market is
expected to get into profit-booking mode at such high levels; Wait for
Trigger to be crossed confidently before taking position.

The Nifty has created yet another life-time high at 7791.40 after opening today; The
Sensex had also crossed 26000 for the first time ever; But the overall market remains
flat and choppy and un-decisive; Asian markets are still mixed; The Rupee has lost a
little and is at 59.8850 now; We expect the Nifty to continue in a narrow 7760-7780
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

07July(12:30) Mkt in green; Going Flat & Choppy;
None gave profit; Hold CROMPGREAV>211 if in; Watch
IRB>266 POLARIS>242; Await Europe openng; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
CROMPGREAV Hold>211, SL-208 Look to go Marginal with this as nothing
good has happened here since the last Update
IRB See > 266 This is looking good for a turn-around for
sometime; We feel there is some chance here
UCOBANK Nothing is happening and this is going nowhere;
But there can still be some chance here
APOLLOTYRE Same here; Nothing happening and trading
flat; Low chances seen here now
POLARIS See > 242 This has remained very flat since opening;
But can turn around at this time
POWERGRID This has developed a slight negative
bias now; Low chances seen here

So far today, none of our Suggests could give any profits in LONG following the levels
we had given in our Updates; Going forward, trading in LONG will be tough and risky
as we expect some profit booking to come in; Be very careful; No profit is better
than going into loss; Look at all aspects before you decide get in ...

Nifty has gone down steadily after hitting the all-time high today; At 7765 now, still
in the green; This kind of downside was expected by us after the Nifty hit 7800, but it
has happened a little earlier; There can be more downside, unless we get some good
inputs to ward off profit booking; Asian markets are still mixed; Europe is expected to
open mixed; The Rupee is a little down at 59.9450; We expect the First Support at
7720 to hold; Be very careful in LONG today... As we said, it is better
to go blank without profits, than going into a loss!

 


 

SMS-4

07July(2:30) Mkt Green, Flat & Choppy; POLARIS gave profit;
POLARIS>246 still good in LONG if upsurge comes in last hour;
CROMPGREAV Marginal; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
CROMPGREAV Marginal
at 211
This is stuck at 210.50; There is still
chance of sudden uprise in last hour
IRB This is also syuck between 264 and 265;
We feel there is still some chance here
UCOBANK Nothing is happening and this is not
performing; Very low chances here
APOLLOTYRE Same here; Nothing happening and trading
very choppy; Low chances seen here
POLARIS In at 242, Out at 246
See > 246
This has given some return; There is a
positive bias seen; Chances for more here
POWERGRID This is very choppy and unreliable;
Avoid this; Low chances seen here

At last, POLARIS has given some profits following our Updates; There is still chance
for more profits in POLARIS; No other Suggest looks certain for profits in LONG
at this time; As we said before, intraday trading in LONG in this kind of uncertain
market can be very risky; So, be very careful if you want to get in fresh now;
Better to avoid trading this market in intraday.

The Nifty has remained range-bound between 7750-7790 throughout the day today;
Around 7775 now, in the green; Going flat and choppy; A new all-time intraday high
has already been made today, and any green closing today will also create another
all-time closing high; This looks certain now; Sensex is still over 26000; Asian markets
are closing mixed; Europe is trading mostly in the red; The Rupee is still down at
59.9150; There is no good news from New Delhi from the Budget Session of
Parliament; We expect the Nifty to remain in a range till closing today unless
there is some news to rock the boat; Be very careful if you want to enter
fresh in LONG now; Better to avoid; Today we will close green.

 


 

Please also see our Today's Performance or Details page