IntradayTrade dot Net dot IN
Alerts / Updates

for Wednesday, 23-July-2014














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, 23-July-2014

SMS Pre-Market

Valid for: 23-July-2014; All for LONG;
See site for full Details


For Today:

NIFTY Resistance levels are: 7780, 7810, 7840;
NIFTY Support levels are: 7720, 7680, 7640, 7610, 7580;


Pre-Market Alert: 9:15am

Our markets might open gap-up today also, tracking good global cues;
Yesterday, the Nifty had opened 30-points gap-up, and had displayed
a steady positive bias through the day to give the 6th positive closing
in a row; It also reclaimed the crucial psychological level of 7750 on
closing; Overnight, US stocks ended higher as some positive earnings
and economic data lifted sentiments; Asian markets are trading in the
green now after opening mixed; Only Japan is still marginally in the red;
For our market, if the momentum holds today, we might cross another
crucial psychological hurdle at 7810 today; There is good global support
and in addition, positive domestic quarterly earnings are likely to boost
investor sentiments; New life-time highs may be made again today; The
target is 7840; There is good Support at 7720-7700 and below that at
7670, 7630; As always, be alert for sudden profit booking downsides
that is normal a such high levels; Pick which stock to follow 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 60.1400; WTI Crude is at $104.42




23July(10:00) Gap-up openng; Choppy;
Watch TATAMOTORS>489 TITAN>341.50;
All for LONG if upsurge comes; Details at site -INTDAY


Update-1: 10:00am

30-point gap-up opening for the Nifty again today, around 7800; The
Nifty is already near life-time highs, but is taking it easy at this level;
Going flat and choppy around 7800 since opening and is at 7806 now;
In the green; See these if market upturn comes with good volumes:

Name See
to buy
HINDALCO 193 190 195 197 310
HINDUNILVR 638 632 641 644 90

Also watch TATAMOTORS>489 and TITAN>341.50 if upsurge
comes now; Take position in above scrips only if you are
absolutely confident; All for LONG; Stay Away if not sure.




23July(11:00) Mkt +ve & flat; No Suggest gave profit; Hold
HINDALCO>193 if in; Watch HINDUNILVR>638 TITAN>341.5
now only if mkt turns up; See Site -INTDAY


Update-2: 11:00am

Suggest Action - for LONG Comments
HINDALCO In at 193
Hold>193, SL-190
This had shown promise; Can go far today;
But be careful of sudden downside
RCOM This has been falling steadily since opening;
Not much chances now; Can go up later
TATAMOTORS Same with this; Going down; No chances
now, but can turn up later today
HEXAWARE This will turn up sharply at any point;
Right now stuck at 151.50; Watch over this
HINDUNILVR See > 638 Although we have given a level, getting a
profit here will be risky business; Careful...
TITAN See > 341.50 Same here: Very choppy and risky; Although
some upside might come; Be very careful

Among our Suggests, only HINDALCO shows some promise at this time; But even
this will be risky as the overall market is static; Be very careful; Take small profit
and exit; Try and go Marginal with HINDALCO also; Stay Away if not sure.

As we have said many times before, such markets are good for the positional trader
as the market has opened up and is trying to hold position there; But for the Intraday
Trader wanting to go LONG, there is nothing in this market as we look for an upward
movement; In fact, this market is dangerous and risky for us as there is every chance
of quick downsides coming at such high levels; That is exactly what we are fearing at
this time as the Nifty has hit a life-time high of 7809.20 just after 10am and has
started to fall immediately after that; Nifty is at 7790 now, after hitting a low of
7780; Some more downside is expected, but we feel the Nifty should hold 7750-
level for now; Be careful - our Suggests are not expected to perform well
in such circumstances.




23July(12:30) Mkt in green; Choppy & Flat; No Suggest gave
profit; Hold HINDALCO>193 if in; Watch RCOM>136
HINDUNILVR>637; Await Europe openng; See Site -INTDAY


Update-3: 12:30pm

Suggest Action - for LONG Comments
HINDALCO Hold>193, SL-190 Lots of promise was shown; Nothing so far;
But we still feel we can get something here
RCOM See > 136 There is some chance here as it has turned
up from a low of 133; Be careful...
TATAMOTORS Nothing here; Stuck at 483; No chances
now, but can turn up later today
HEXAWARE This is still stuck, at 150 now; We still
feel this will turn up sharply at any point
HINDUNILVR See > 637 Although we have given a level again, as
before, getting a profit here will be risky
TITAN This has lost its chances; Going down
now; No chances seen here

As said in our last Update, HINDALCO is the most likely candidate to give some profits
today, but even here there is no surety; Try to go Marginal, at least, if you are still
holding; There is no chance with HINDUNILVR, but RCOM might give you
something; Be very careful now, specially if the market starts to fall;
Best to Stay Away and avoid trading if that happens.

The Nifty has developed a slight positive bias after falling to 7770 after our
last Update; At 7790 now, coming up steadily from 7770, in the green; Asian
markets are almost all in the green; But Europe is expected to open mostly in the
red after sanctions were imposed on Russia; The Rupee is still holding steady at
60.1700; We expect the Nifty to hold current level and approach 7800 again
today; As before, be prepared for sudden downsides;
Stay Away if you are not sure.




23July(2:30) Mkt on line; Choppy; No Suggest gave profit;
None look good for LONG now; All can profit from present
lows if mkt upturn holds; See Site -INTDAY


Update-4: 2:30pm

Suggest Action - for LONG Comments
HINDALCO Still nothing; And we are still hopeful
that something will come from here
RCOM Nothing can be said for sure with this;
First let it cross 136, then decide
TATAMOTORS For the first time today this is showing
signs of profits; Consider after 486
HEXAWARE Now there is very little chance that this
will turn up sharply and give profits
HINDUNILVR This is choppy and very risky;
Best to avoid this now
TITAN You should have got some profits, following
PricePoints, from sudden upsurge just now

Like the market in general, our Suggests are choppy and uncertain; But some are on
the point of turning up; If the overall market also goes upwards, there is chance
of profits in some of these; In this line, sudden profits have come from TITAN
while we were writing this report; Be careful in LONG; Stay Away if you are not
confident; Stay Away if you have been able to catch some profits with TITAN.

The Nifty had come under selling pressure and went down from 7790 to 7750
after our last Update; Support at 7740-7750 has worked and the Nifty had been
able to bounce back from there; Back at 7780 now, in the green; World markets
have turned supportive with Asia closing mostly green and Europe trading all
in green against expectation, as markets have reacted positively to sanctions
against Russia; The Rupee has also improved, and is at 60.0550 now; For our
market, we go back to our previous stand: We expect the Nifty to hold current
level and approach 7800 again by closing today; 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