IntradayTrade dot Net dot IN
Alerts / Updates

for Friday, 18-July-2014


 

SUGGESTS:

 

APOLLOTYRE

 

IRB

 

TATASTEEL

 

ALSO SEE:

HINDALCO

PTC

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 Friday, 18-July-2014

SMS Pre-Market

Suggests: APOLLOTYRE IRB TATASTEEL;
Also See: HINDALCO PTC VOLTAS;
Valid for date: 18-July-2014; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 7660, 7680, 7710, 7730, 7780;
NIFTY Support levels are: 7610, 7580, 7550, 7520, 7480;

 

Pre-Market Alert: 9:15am

Our markets are likely to open on a flat-to-negative note tracking weak global
cues; Yesterday, the Nifty ended flat with very choppy trading throughout the
day amid reports that heavy showers have narrowed the monsoon deficit to
36% accelerating crop planting; Overnight, US stocks ended lower with the S&P
500 posting its biggest 1% drop since April 10 on news that a Malaysian Airlines
passenger jet has been shot down by a missile near the Ukraine-Russia border
with all 295 on-board dead; Asian shares are trading lower today morning on
the same concern; Back home, after market hours yesterday, IT major TCS had
posted better than expected Q1 results; This should have been a positive for
our market today, together with the monsoon news; Technically, Nifty has now
crossed previous highs and has closed with gains indicating that short term
momentum still remains intact; Short term indicators along with rising RSI
suggests that steep correction may not be on the cards for the Nifty; But
these good local inputs may be over shadowed by the Malaysian plane
crisis in trade today; Much will depend how this news unfolds through the
day; The Nifty Support of 7600 will be tested today, say experts; We feel,
7600-7650 will be the range, but we may go down further, depending on
what news comes about the plane accident; Pick your stocks carefully;
Be patient and do not be in a hurry to get in; Consider all possible
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 60.3900; WTI Crude is at $103.19

 


 

SMS-1

18July(10:00) Gap-down openng; -ve bias;
See APOLLOTYRE>190 VOLTAS>209.50;
Watch IRB>267 HINDALCO>186.50;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

Slight gap-down opening for the Nifty today, around 7630; The Nifty has
been choppy after opening and had gone down sharply to go below 7600
to touch a low of 7595; Nifty at 7615 now in the red, trying to recover;
See these now if market upturn comes now with supporting volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
APOLLOTYRE 190 186 192 195 310
VOLTAS 209.50 206 212 213 280

Also watch IRB>267 and HINDALCO>186.50 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

18July(11:00) Mkt in red; +ve bias;
IRB TATASTEEL gave profit; Hold APOLLOTYRE>190 if in;
Watch IRB>269 TATASTEEL>567 now if mkt upturn holds;
See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
APOLLOTYRE In at 190
Hold>190, SL-186
Today also, Trigger was hit just briefly;
No progress after that; Go Marginal here
IRB In at 267, Out at 268.50
See > 269
This had gone flat and down after the
initial gains; But there are chances for more
TATASTEEL In at 555, Out at 567
See > 567
This was as per PricePoints, not our
levels; There is chance for more here
HINDALCO We were confused between this & TATASTEEL,
so we took both; One is paying, this is not
PTC This had taken a big fall after opening;
Choppy and quiet now; May give profits later
VOLTAS Same here: first down, now flat and choppy;
Chances are there for profits later

APOLLOTYRE today has been like ADANIPORTS yesterday -- has hit Trigger briefly and
can put us in a loss situation if it doesn't start to go up; But we believe we will get
some chance to make good, as the general market is improving after initial losses;
The situation is fluid today, and direction depends on external news; You have to
be careful of sudden downsides; Be very careful in LONG today.

The Nifty has improved a lot after a sharp drop immediately after opening, and is
fast approaching the line now; Nifty just below 7630 now, still in the red; There is
a definite positive bias after the Nifty has bounced back from a low of 7595; There
is Resistance at the 7650-7660 level, and this is where the Nifty will go now;
After that, 7680 will be the target; As always, be prepared for sudden down
sides; Be careful in LONG today; Chances are there for sharp movements.

 


 

SMS-3

18July(12:30) Mkt in green; Going up; APOLLOTYRE gave profit;
Watch APOLLOTYRE>191 TATASTEEL>567 if upsurge holds;
Await Europe openng; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
APOLLOTYRE Out at 191
See > 191
We got a chance to make-up and get some
profits, as was expected; Chances for more
IRB This has been flat and choppy after the
initial gains; Nothing happening now
TATASTEEL See > 567 Same as above; Nothing after last Update;
There is still chance for more here
HINDALCO Nothing here since opening today; Going
flat and very choppy; Low chances here
PTC Still very choppy and quiet;
Low chances seen here now
VOLTAS Same here: still flat and very choppy;
Low chances seen here also

All our Suggests are going flat and choppy, and some are even going down now;
But the overall market is improving; This indicates that you should avoid trading
in our Suggests in LONG now; APOLLOTYRE has been able to get out of trouble:
this is the only good news after the last Update; Best to Stay Away now.

The Nifty has done exactly what we had expected it to do in our last Update --
move into the green and go towards the Resistance at 7650-7660 level and then
towards 7680; Nifty has come up about 7675 and is at 7665 now; Seems to have
flattened out now; Global cues are not supportive; Asian markets are almost all
in the red; Europe is expected to open sharply negative on Malaysia jet crisis;
The Rupee is down at 60.2950; Under these circumstances, we do not expect
further upside to come now; Range-bound trading should continue for some
time with the Nifty staying around 7650; As before, be prepared for
sudden downsides; Stay Away if you are not sure.

 


 

SMS-4

18July(2:30) Mkt in green; Flat & Choppy; IRB added profit;
Only TATASTEEL looks good for more in LONG if upsurge
comes again in last hour; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
APOLLOTYRE This took a fall and has become flat and
choppy after our last Update. Avoid now.
IRB Out at 270 This had gone down, then went upwards
to touch 270; There is chance for more.
TATASTEEL See > 567 This is hovering around 566 for quite some
time; There is still chance for more.
HINDALCO This is still very choppy; Flat, uncertain;
Avoid this now; Low chances here.
PTC Still very choppy and quiet;
Low chances seen here.
VOLTAS This gave a sharp, small chance that was
difficult to catch; Best to avoid this also.

Our Suggests are not exactly following market trend today; Some profits have already
come from the first 3; Not much is expected from them now, except IRB TATASTEEL if
the market upsurge holds; Be careful in LONG; Stay Away if you are already in profit.

The Nifty has stayed in the 7630-7680 range since our last Update, as was expected
by us; But again, another positive trend seems to be coming; Nifty is at 7670 now;
Globally, many Asian countries have recovered from deep red and some are closing
green; Europe is, however, still red as the tragedy is closer to home for them;
The Rupee is holding at 60.2750; At this time, for our market, there will be
some upside but it will not be so easy to cross the Resistance of 7680 now,
as the momentum is lost; We should get a closing around 7680 today; For
Intraday, take position in LONG only if you get a good, clear chance;
Stay Away if you are already in profit; Today we will close green.

 


 

Please also see our Today's Performance or Details page