IntradayTrade dot Net dot IN
Alerts / Updates

for Thursday, 10-July-2014


 

SUGGESTS:

 

IDFC

 

ITC

 

POLARIS

 

ALSO SEE:

SSLT

TITAN

VOLTAS

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 Thursday, 10-July-2014

SMS Pre-Market

Suggests: IDFC ITC POLARIS;
Also See: SSLT TITAN VOLTAS;
Valid for date: 10-July-2014; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 7630, 7650, 7680, 7710, 7740;
NIFTY Support levels are: 7550, 7520, 7480, 7430, 7400;

 

Pre-Market Alert: 9:15am

A flat-to-positive opening is expected for our markets today, following good
global cues; Yesterday, the Nifty registered breakdown from rising wedge
formation and closed at its short term moving average, down 38 points; The
session was very choppy ahead of the Budget today; Overnight, US stocks
rebounded from a sharp two-day selloff, after minutes from the last Federal
Reserve meeting showed policymakers have started to detail how the central
bank will end its easy monetary policy; But Asian markets are trading in the
green today morning; Back home, Finance Minister Arun Jaitley will present
the final Union Budget for 2014-15 in Lok Sabha at 11am today; Expectations
are already running high with respect to the announcement of pro-growth
reforms from the Finance Minister that will put India back on high growth
trajectory; High volatility is expected today; Nifty still has vital Support at
7560 which was respected yesterday; Next good Support is at 7510-7500;
On the upside, 7680-7700 is the first target; Direction today will depend
on what the Budget reveals; 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

10July(10:00) Flat openng; Going Flat;
See IDFC>139.50 ITC>341;
Watch SSLT>295 VOLTAS>203;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

Flat opening for the Nifty today, below 7600; The Nifty has remained
flat and choppy around 7580 after opening today; See these now
if market upturn comes with supporting volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
IDFC 139.50 137 142 145 430
ITC 341 337 343 346 170

Also watch SSLT>295 and VOLTAS>203 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

10July(11:15) Mkt +ve & very choppy; 3 Suggests gave profit;
Hold IDFC>141 VOLTAS>203 if in; Watch POLARIS>248
now if mkt turns up; See Site -INTDAY

 

Update-2: 11:15am

Suggest Action - for LONG Comments
IDFC In at 139.50, Out at 140.50
Hold>141, SL-138
This has given us some small profits;
Can give us some more; But be careful
ITC In at 341, Out at 345 This has also given us some profits,
but further prospects not seen here
POLARIS See > 248 Our star has been disappointing so far
but there are chances of a turn-around
SSLT In at 295, Out at 297.50 Here also, we do not see any further
chance of more profits from here
TITAN This has been down since opening today;
No chances seen here
VOLTAS In at 203
Hold, if in
This showed promise, but gave no profits;
Go Marginal as prospects are low now

All our Suggests are showing signs of going down now, in keeping with market trend;
It is best to avoid trading till the Budget gets analysed and the market settles
down; Get out if you are holding, and do not enter fresh, till then.

The Nifty is managing to hold on to the green zone and is at 7600 now; There was a
sudden up-down jerk between 7560-7620 just now; Market is expected to be jerky
and unstable till the Budget provisions are analysed and understood; Be prepared for
sudden downsides; Be patient, and very careful in LONG; Whatever is done, is done;
Now you should wait for the market to settle down before taking further position.

 


 

SMS-3

10July(12:30) Mkt in red; Recovering; IDFC gave profit;
Hold IDFC>149; VOLTAS in trouble; Watch SSLT>292
TITAN>346 if upsurge strengthens; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
IDFC Out at 148.50
Hold>149, SL-144
This has given us more profits as expected;
Can give us some more after a pause
ITC Nothing here after last Update;
Going very flat and choppy around 340
POLARIS Our star performer has taken a break; Has
gone down and settled at 238; Low chances
SSLT See > 292 Has taken a fall and gone down to 282; Has
turned up from there; Chances seen here
TITAN See > 346 Here also, there has been an upturn
after a fall; Small chances seen here
VOLTAS Out at 202, See > 202 This has gone into a Marginal loss;
But we might get a chance to make up

Our Market still reacting to the Budget speech in Parliament; We will again say that
you should wait till the situation stabilises; Be careful and look at all aspects
before you decide to get in; IDFC ITC have given good profits today -- if you
have caught a part of it, take it easy now.

Immediately after the Budget speech started, the Nifty went on a selling spree and
touched 7480 from a high of 7620; That is a huge fall; Recovering now; Nifty at
7540 now, in the red; Seems to have flattened out at this level, between 7540 and
7560; We expect some more upside to come for the Nifty as some parts of the
Budget is looking good for the market; Be very careful in LONG now; As we
said, be patient and wait till things settle down before getting in fresh.

 


 

SMS-4

10July(2:30) Nifty above 7700; In the green; 4 Suggests gave profit;
Hold IDFC>160 SSLT>304 VOLTAS>213; See ITC>348
if upsurge comes again; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
IDFC Out at 159.50
Hold>160, SL-155
This has given us more profits, more than
expected; Can give more after a pause
ITC Out at 348, See>348 This has been very choppy while giving this
profit; Be careful even now; Avoid if unsure
POLARIS This has not performed at all today;
Contribution over; Low chances now
SSLT In at 292, Out at 304
Hold> 304, SL-300
Expected profits have come; Has flattened
out now; Chances of more seen here
TITAN This, like POLARIS, has not performed
at all today; Negative bias now; Avoid
VOLTAS In at 202, Out at 213
Hold>213, SL-210
We did get a chance to make up the initial
losses here and go into profits; Can be more

Our Suggests, except POLARIS and TITAN, have done well today, and IDFC has given
star performance after the Budgets came in; It seems the momentum has decreased
and the market may now become flat; No point in risking your profits now; Best to
take your money and go home, if you are not 100% sure of what you are doing;
Stay Away if in doubt.

The Nifty has done very well and has come up from 7480 to touch a high of 7730
after the Budget was announced; This is a massive 250-point jump for the Nifty in
intraday and very rare; Also remember the fact that this has come immediately
after a 140-point decline a few minutes ago; Right now, the Nifty is at 7700 in
the green and looks like it is levelling out; Some downside might come in now;
Asian markets are closing mostly green, but Europe is all in red; The Rupee has
also been choppy and is at 59.8055 now; For the Nifty, we are not sure whether
7700-level can be held till closing today; For our Suggests, it is best that you
take your profits home and do not play anymore; Today we will close green.

 


 

Please also see our Today's Performance or Details page