IntradayTrade dot Net dot IN
Alerts / Updates

for Tuesday, 08-July-2014


 

SUGGESTS:

 

DISHMAN

 

IRB

 

POLARIS

 

ALSO SEE:

LICHSGFIN

TATAMOTORS

TATAPOWER

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, 08-July-2014

SMS Pre-Market

Suggests: DISHMAN IRB POLARIS;
Also See: LICHSGFIN TATAMOTORS TATAPOWER;
Valid for 08-July-2014; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 7800, 7840, 7880;
NIFTY Support levels are: 7760, 7720, 7690, 7660, 7620;

 

Pre-Market Alert: 9:15am

A flat-to-positive opening is expected for our markets today, following mixed
global cues; Yesterday, the Nifty created yet another life-time intraday high
as-well-as another all-time closing high, and the Sensex crossed the 26,000-
mark for first time in its history - two days of highs back to back - but trading
was subdued and range-bound ahead of the budget on the 10th; We'll have
the Railway Budget later today; Overnight, US stocks ended lower from last
week's record levels ahead of earning season; Asian stocks are subdued today
morning as Wall Street turned cautious ahead of the corporate reporting season
and as earnings guidance from regional tech heavyweight Samsung came in well
short of forecasts; Back home, investors are expecting fundamental reforms and
technical up gradation of the railways in the Railway Budget, which is due later
during the day; But uncertainty about monsoon and negative global cues will
restrict any major upside today; Our earlier target of 7800 for the Nifty still
stands, and may get filled today; 7850 may also be tested; Good Support is
there at 7760-7750 and then at 7690-7680; We expect range bound and
choppy trading to continue until the Railway Budget is out; 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 59.9050; WTI Crude is at $103.53

 


 

SMS-1

08July(10:00) Gap-up openng; Going down;
See IRB>276 POLARIS>249;
Watch TATAMOTORS>477 TATAPOWER>111.50;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

Slight gap-up opening for the Nifty today, around 7800; But the Nifty has started
to fall drastically immediately after opening and has touched a low of 7745; At
7760 now, in the red; Seems to have levelled out; Meanwhile, POLARIS could have
already given you some profits in LONG; POLARIS should have been in at 244 and
out at 248; If still in, Hold POLARIS>249 with a StopLoss of 244; Otherwise,
See these if market upturn comes with supporting volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
IRB 276 272 278 280 210
POLARIS 249 244 252 254 240

Also watch TATAMOTORS>477 and TATAPOWER>111.50 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

08July(11:00) Mkt -ve & Choppy; Recovering; POLARIS
gave profit; Hold POLARIS>252 if in; Watch DISHMAN>136
LICHSGFIN>335 now if mkt turns up; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
DISHMAN See > 136 This is showing an upward slant after the
initial fall today; Could be profits here
IRB There was hope here after opening, but has
been flat; There is still chance above 276
POLARIS Out at 251.50
Hold>252, SL-246
Although this has levelled out a bit,
there is still scope here for more profits
LICHSGFIN See > 335 There was an initial fall, then a turnaround
has come now; There is scope here
TATAMOTORS In at 477, Out at 478 This showed promise, but the upsurge
was weak; This is Marginal as of now
TATAPOWER This also showed some promise, but the
going is very choppy and uncertain

All our Suggests are capable of giving profits in LONG from present situation if
the Nifty turns up towards the line; We expect that to happen when Railway
Budget inputs start to come in; But be careful of sudden downsides.

The Nifty has remained choppy and quiet in the 7760-7780 band since the last
Update, after recovering from the initial fall today; There is no bias seen and the
market seems to be waiting for the Railway Budget inputs; The Railway Minister is
presenting the Budget in Parliament now; Asian markets are mostly in the red; The
Rupee is still weak at 59.9250; But these will be of no consequence now, we feel;
We expect some upside, but be prepared for sudden downside;
Be patient, and very careful in LONG ...

 


 

SMS-3

08July(12:30) Mkt in red; Flat & Choppy; 3 Suggests gave
profit; Hold POLARIS>256 if in; Watch DISHMAN>140.50
LICHSGFIN>337 if mkt turns up; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
DISHMAN In at 136, Out at 140
See > 140.50
This has given the profits that we had
expected; There is chance for more here
IRB There is still hope here above 276;
But be careful of the choppiness
POLARIS Out at 256
Hold>256, SL-250
This is the star of the day; There
is scope here for even more profits
LICHSGFIN In at 335, Out at 337
See > 337
This has also kept its promise and has
given expected profits; Low chances for more
TATAMOTORS Marginal
at 477
This is now confirmed as Marginal
as it has become flat and very choppy
TATAPOWER Promise shown by this has not paid off;
Low chances seen here now

So far today, our Suggests have given good profits in LONG following the levels given
in our Updates; Going forward, trading in LONG will be tough and risky as the Railway
Budget is analysed; We expect some upside and also some profit booking to come in;
Be very careful; Look at all aspects before you decide to get in ... It is best to
Stay Away now if you have made your profits for the day.

Nifty has been steady, flat and quiet in the 7750-7780 range since morning; The
Railway Budget is being presented in Parliament at this time; Direction for our market
will now depend on how this Budget is interpreted by our market; Situation in other
Asian markets, position of the Rupee -- none of this is important now; So, wait
till the reactions come in before deciding what to do next; Be very careful in
LONG now... As we said, Stay Away if you are already in profit.

 


 

SMS-4

08July(2:30) Mkt in red; -ve bias; POLARIS TATAMOTORS
added profit; None good for LONG now; All can add profits
if upsurge comes in last hour; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
DISHMAN This has fallen rapidly together with the
overall market; But can still turn around
IRB The fall has been rapid with this;
But there is some hope here above 267
POLARIS Out at 264 More profits, if you held on; You could have
re-entered if SL was hit; Still chance for more
LICHSGFIN Like the other Suggests, this has also fallen
fast; Low chances of further profits
TATAMOTORS Out at 484 This has given sudden and unexpected sharp
profits after being Marginal; Low chances now
TATAPOWER This has been a disappointment today;
Low chances seen here now

We had expected some upside and then some downside - but the downside came
without the upside; Meanwhile, POLARIS gave more profits as was expected, and
TATAMOTORS was unexpected; There is still chance for more profits in POLARIS
if the market improves in last hour; Other Suggests might also turn around for
a second innings if overall market improves; But remember, intraday trading
in LONG in this kind of falling and uncertain market can be very risky;
So, be absolutely confident if you want to get in fresh now;
Better to avoid trading if you are already in profit.

It seems that the provisions in the Railway Budget has not been liked by our
markets, and as a first reaction, the Nifty has fallen below the Supports of
7760, 7720 and even 7690 to go below 7700; Nifty is at 7680 now, down 120
points from the day's high; We expect some more downside to come before the
market will stabilise; Next Support is at 7620; We had expected profit-booking
to come in once 7800 is touched - that is exactly what has happened today,
with the Railway Budget as the trigger; Global markets are not supportive
with Asia ending mixed and Europe trading in the red; The Rupee is still
weak at 59.8150; Be very careful if you want to enter fresh in LONG
now; Better to avoid; Today we will close red.

 


 

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