IntradayTrade dot Net dot IN
Alerts / Updates

for Wednesday, 09-July-2014


 

SUGGESTS:

 

ITC

 

POLARIS

 

RANBAXY

 

ALSO SEE:

CROMPGREAV

EXIDEIND

SSLT

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, 09-July-2014

SMS Pre-Market

Suggests: ITC POLARIS RANBAXY;
Also See: CROMPGREAV EXIDEIND SSLT;
Valid for date: 09-July-2014; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 7650, 7680, 7710, 7740, 7780;
NIFTY Support levels are: 7600, 7560, 7510, 7470, 7430;

 

Pre-Market Alert: 9:15am

A flat-to-negative opening is expected for our markets today, following down
global cues; Yesterday, our market suffered the worst fall since Sept 03, 2013
but still managed to create another life-time high before the fall started on
the eventful session of the Railway Budget; The benchmarks declined almost
vertically and lost more than two percent in the end; Overnight, US stocks
fell in a broad sell-off, dropping for a second straight session and driving
the Dow below 17000; Asian shares are trading lower today morning after US
stocks skidded; Back home, the Finance Ministry will table the Economic Survey
for 2013-14 in Parliament today and the General Budget at 11am tomorrow; The
market mood is subdued as the whole world is in the red; Some more downside is
predicted until news from Parliament comes in; Nifty now has vital Support at
7560 and if it manages to respect this Support then there may be a bounce back
till 7680-7700 in next couple of sessions; However, a breach of 7510-7500
can bring in a deeper correction in the weeks after the Budget; We do not feel
that the Nifty will go very much below 7560, as the correction will be more
than 200 points deep by then; 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 59.8880; WTI Crude is at $103.40

 


 

SMS-1

09July(10:00) Gap-up openng; Going Flat;
See EXIDEIND>152 SSLT>295;
Watch POLARIS>254 CROMPGREAV>195;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

Flat opening for the Nifty today, around 7625; There was a small fall for the
Nifty immediately after opening that took it down to 7550; The Nifty is trying
to recover now and is at 7600, in the red; Meanwhile, ITC could have given you
some profits in LONG following PricePoints; ITC should have been in at 338 and
out at 342; See these now if market upturn comes with supporting volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
EXIDEIND 152 148 153 155 390
SSLT 295 290 298 300 200

Also watch POLARIS>254 and CROMPGREAV>195 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

09July(11:00) Mkt flat, on the line; POLARIS EXIDEIND
gave profit; Hold CROMPGREAV>195 EXIDEIND>153 if in;
Watch POLARIS>259 if mkt turns up; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
ITC This has remained flat and choppy around 339
after the initial upside; Low chances here
POLARIS In at 254, Out at 259
See > 259
Expected profits have come from here;
There is chance for more above 259
RANBAXY This has been disappointing so far today;
But there are chances of a turn-around
CROMPGREAV In at 195
Hold>195, SL-190
There was an initial fall, then a turnaround
has come now; There is scope here
EXIDEIND In at 152, Out at 153
Hold>153, SL-149
Here also, there is good upside after initial
fall; This can give more profits today
SSLT In at 295, Out at 296
Hold, if in
This showed promise, but the upsurge
was weak; This is Marginal, as of now

All our Suggests had dipped initially, together with the general market, and has then
turned around; All are capable of giving profits in LONG from present situation if
the market upturn strengthens now; But, as always, be careful of sudden downsides.

The Nifty Support of 7560 has held strong, as was expected, and a bounce-back from
there is now happening; Nifty is now at 7650, in the green; Although the Nifty has
levelled out after coming into the green, and is trading choppy, a slight positive
bias is still present; Asian markets, except Indonesia, are all in the red; The
Rupee is doing OK at 59.7650; We expect some small upside, but it is likely that
the Nifty will get into flat range-bound trading around the line; Be prepared
for sudden downside; Be patient, and very careful in LONG ...

 


 

SMS-3

09July(12:30) Mkt in red; Choppy around line; 3 Suggests
gave profit; Watch ITC>342 POLARIS>260 if mkt turns up;
Await Europe openng; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
ITC See > 342 This has been flat and choppy around 339
for some time; Some chances seen now
POLARIS Out at 262.50
See > 260
More profits have come from our star
performer; There is chance for a 2nd innings
RANBAXY This has been disappointing even now;
There are still chances of a turn-around
CROMPGREAV Out at 196.50 Small profits have come from here; This has
flattened out; But still some chances here
EXIDEIND Out at 154 Small profits have come here; A slight
negative bias is seen; But there can be more
SSLT This is still showing promise; Good chances
of profits now if still holding

Our Suggests have given adequate profits in LONG today, following the levels given
in our Updates; Market situation is expected to remain flat and choppy atound the
line; So, be careful and 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 come down to 7600-level, into the red, after our last Update; Seems to have
levelled out around 7600; Meanwhile, in the Economic Survey for the year 2013-2014
being given in Parlaiment right now, GDP growth estimate has been lowered to 5.4-
5.9% for the current financial year; Asian markets, except Indonesia, are still in
the red; Europe is expected to open mostly red; The Rupee is still doing good at
59.7350; Not much movement is expected in our markets now, unless we get
some trigger, for up or down; Be very careful in LONG now...
As we said, Stay Away if you are already in profit.

 


 

SMS-4

09July(2:30) Mkt in red; Flat, Choppy; ITC POLARIS added
profit; Hold ITC>343; POLARIS>264 good for more in
LONG if upsurge comes in last hour; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
ITC Out at 343
Hold>343, SL-340
Expected profits have come; There can
be more if overall market starts to go up
POLARIS Out at 266
See > 264
Our star performer for last 3 days continues
to deliver; There is chance for more today
RANBAXY This has been a disappointment today;
We are not considering this any further
CROMPGREAV Nothing much has happened here after
those slight profits; This is going down now
EXIDEIND Same as above, but this is stuck at 152
for some time; Low chances seen here
SSLT This showed a lot of promise; But nothing
came; This is confirmed as Marginal now

POLARIS and ITC gave more profits as was expected; If you have got enough profits
for the day, it is best to retire at this point with your profits intact; Overall market
is not conducive to Intraday trading in LONG at this time; Intraday trading in this
kind of falling and uncertain market can be very risky; Better to avoid trading
if you are already in profit today.

The Nifty is behaving exactly as expected and is fluctuating just above the 7600 mark;
Around 7610 now, in the red; The range has been 7580-7630 since our last Update;
But some downside might come now; All of Asia, except Indonesia, are closing in red;
All but one market in Europe are in the red; The Rupee is still weak at 59.7550;
Be very careful if you want to hold or enter fresh in LONG now;
Better to avoid; Today we will close red.

 


 

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