IntradayTrade dot Net dot IN
Alerts / Updates

for Tuesday, 22-July-2014


 

SUGGESTS:

 

CENTURYTEX

 

DISHMAN

 

LICHSGFIN

 

ALSO SEE:

HINDALCO

INDUSINDBK

ROLTA

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, 22-July-2014

SMS Pre-Market

Suggests: CENTURYTEX DISHMAN LICHSGFIN;
Also See: HINDALCO INDUSINDBK ROLTA;
Valid for: 22-July-2014; All for LONG;
See site for Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 7730, 7760, 7780, 7810, 7840;
NIFTY Support levels are: 7670, 7640, 7610, 7580, 7550;

 

Pre-Market Alert: 9:15am

Our markets are likely to open gap-up today tracking positive global cues;
Yesterday also, the Nifty had opened 40-points gap-up, but had given up
most of these gains in intraday due to profit booking, to close slightly in
the green; 7700-level could not be held by the Nifty, but it was the 5th
straight day of gains; Tracking the momentum, the index is expected
to reclaim its crucial psychological level of 7700 at the closing today;
Overnight, US stocks ended lower as investors remained cautious about
instability in Ukraine and Gaza, though all the three major indexes ended
with moderate gains; Asian shares are trading higher today morning with
Japan and China more than +1% up; Back home, Experts feel Q1 earnings
growth are largely in line with market expectations and are likely to have
positive impact in the upcoming sessions; There are no other local inputs
expected, so, much will also depend on global factors; We may be able to
cross Nifty-7700 at the beginning today with a gap-up opening, but like
yesterday, holding on to this level might give trouble; Good local Support
is still there at 7680-7670 with strong Support at 7640-7630; The First
Resistance is at 7730; Some selling can come in if the Nifty sustains
above 7730; Pick which stock to follow carefully, and then track them;
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 60.2450; WTI Crude is at $104.59

 


 

SMS-1

22July(10:00) Gap-up openng; Choppy & Flat;
See DISHMAN>156.50 HINDALCO>187.50;
Watch CENTURYTEX>645 INDUSINDBK>565;
All for LONG; Details at site -INTDAY

 

Update-1: 10:00am

30-point gap-up opening for the Nifty today, around 7710; The Nifty
has been flat and choppy around 7710 since opening and is at 7715 now;
In the green; HINDALCO could have already given you some profits today
following PricePoints; HINDALCO should have been in at 185 and out at
186.50; If still in, Hold HINDALCO>187.50 with a StopLoss of 184;
Or, See these now if market upturn comes with supporting volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
DISHMAN 156.50 153 158 162 380
HINDALCO 187.50 184 189 192 320

Also watch CENTURYTEX>645 and INDUSINDBK>565 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

22July(11:00) Mkt +ve; DISHMAN HINDALCO gave profit;
Go Marginal with INDUSINDBK; No Suggest looks good now;
All can profit if upsurge holds; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
CENTURYTEX This had shown promise; Nothing till now;
Stuck at 640; Maybe we'll get upside later
DISHMAN In at 156.50
Out at 159.50
This has suddenly started to fall after
hitting 159.50; Can go up later from a low
LICHSGFIN This has remained flat and choppy after
opening today; Low chances seen here
HINDALCO Out at 188 This has also suddenly turned down after
hitting 188, against market trend; Flat now
INDUSINDBK In at 565
Try to go Marginal
This has hit the Trigger briefly and has
retreated after that; Limit losses here
ROLTA There was a fall after opening; Still going
down; Maybe, chances for profits later

DISHMAN HINDALCO gave profit as expected, but INDUSINDBK is in trouble; Try and
limit your losses here and go Marginal, as none of our Suggests are moving up with
the general market; They are actually going against the trend; Therefore, we
should avoid trading in these Suggests in LONG at this time;
There can be chance for profits again later today.

The Nifty has done a very good job so far today and is at 7750 now; Steady positive
trend is seen; First Resistance at 7630 has been crossed confidently, and we are near
the next Resistance of 7760; Asian markets are still very supportive with China, Japan
Hongkong over +1% up; The Rupee is also holding at 60.1950 now; However, we
expect the Nifty to take a pause here, before 7760, and consolidate; Be
prepared for some down sides now; But the upward journey should resume
later today; Be careful - our Suggests are responding differently today.

 


 

SMS-3

22July(12:30) Mkt in green; Going Flat; No Suggest gave profit;
INDUSINDBK in loss; Watch HINDALCO>189 INDUSINDBK>561;
Await Europe openng; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
CENTURYTEX This showed promise, but went down steadily;
But there maybe some chance after 636
DISHMAN Stuck at 155; Can go up later; Keep a look-
out for a sudden spurt; Do not trade now
LICHSGFIN This had taken a fall till 310; Chances of
going up now; Watch after 313; Careful ...
HINDALCO See > 189 There is chance for a 2nd innings here after
189; Take small, small profits and exit
INDUSINDBK See > 561 We might get an opportunity to make up
the losses; But be very careful ...
ROLTA Stuck at 114.50; Maybe, chances for
profits later if we get a sharp upsde

Losses in INDUSINDBK is now confirmed; We might get a chance to recover here, but it
can also be a repeat of yesterday where we lost with CROMPGREAV; However, we do
not feel that many members had taken position in INDUSINDBK today as the Trigger
was touched for a split second only; Our Suggests are still not performing well;
Overall market has also flattened out; So be careful now, specially if the market
starts to fall now; Best to Stay Away and avoid trading if that happens.

The Nifty has become flat and choppy after our last Update, trading in the 7730-
7750 range, exactly what we had expected; No bias is seen to develop; Direction
will now depend on external factors; Asian markets are all in the green; Europe is
also expected to open green as Ukraine, Gaza worries are down; The Rupee is little
down at 60.2250; We definitely expect some movement in the Nifty now; 7760 will
be approached, we feel; As before, be prepared for sudden downsides;
Stay Away if you are not sure.

 


 

SMS-4

22July(2:30) Mkt in green; Flat & Choppy; HINDALCO
added profit; None looks good for LONG now; All can
profit if upsurge comes in last hour; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
CENTURYTEX This is still down and choppy around 630;
We still believe there is chance in this
DISHMAN No chance here after initial profit; Maybe some chance here in last hour; Careful ...
LICHSGFIN This has gone down to 308; Chances of going
up still there; But it is better to avoid
HINDALCO Out at 190 This has gone up to 190, and has fallen from
there; Not much chances here any more
INDUSINDBK We did not get an opportunity to make up
the losses; But this is Marginal today
ROLTA From being stuck at 114.50, this has
fallen to 112; It is best to avoid this now

Like the market in general, our Suggests are not going anywhere today; Almost all
have taken a fall after the last Update; Only HINDALCO seems to be an exception,
that too, upto a level; There can be profits in the last hour if the general market
conditions improve; Be careful in LONG; Stay Away if you are not confident;
Stay Away if you have made some profits today with DISHMAN or HINDALCO.

The Nifty has actually done well since the last Update in regaining the position
at opening after a slight profit-booking fall; The Nifty had climbed to 7755 and
then fell down to 7720; After a few attempts, it has now come back to 7750
and is expected to take another try to cross the stiff Resistance at 7750-7760
before closing today; World markets are still supportive with Asia closing green
and Europe almost all in the green; The Rupee is also holding at 60.2450 now;
For our market, some more upside can come and we feel the stiff Resistance
at 7750-7760 may just be covered today at closing; We expect a closing
around that level; For Intraday, take position in LONG only if you get a
clear chance; Stay Away if you are in profit; Today we will close green.

 


 

Please also see our Today's Performance or Details page