IntradayTrade dot Net dot IN
Alerts / Updates

for Thursday, 24-July-2014


 

SUGGESTS:

 

HINDALCO

 

IDEA

 

WIPRO

 

ALSO SEE:

RECLTD

SYNDIBANK

TVSMOTOR

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, 24-July-2014

SMS Pre-Market

Suggests: HINDALCO IDEA WIPRO;
Also See: RECLTD SYNDIBANK TVSMOTOR;
Valid for date: 24-July-2014; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 7810, 7840, 7900;
NIFTY Support levels are: 7770, 7750, 7720, 7680, 7640;

 

Pre-Market Alert: 9:15am

A flat-to-positive opening is expected for our markets today, tracking
positive earnings data; Yesterday, the Nifty had opened 30-points gap
up and saw choppy trading throughout the day; In the process it hit
another life-time intraday high; Extending its uprise to the seventh day,
its longest run since May 2014, the Nifty ended with gains to close at
yet another closing high of 7795.75, despite an intraday correction till
7750; Overnight, US stocks ended higher with the S&P 500 closing at a
record on Apple's bullish results; Asian shares are trading higher today
after a surprisingly strong reading on Chinese manufacturing bolstered
hopes for recovery in the world's second-biggest economy; Back home,
Nifty is expected to consolidate today; Technically, there is Support at
7750; Next good Support is at 7680; On the higher side, if 7750 is held
intact the present upside may stretch higher till 7900 to 7940 range,
which is a very stiff Resistance offered by an advancing Trend-Line
connecting the high of 7563 and 7683; For today, we expect the Nifty to
consolidate between 7750 and 7800; As always, be alert for sudden profit
booking downsides at such high levels; Pick 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 60.0300; WTI Crude is at $103.12

 


 

SMS-1

24July(10:00) Flat openng; Choppy;
See HINDALCO>197.50 RECLTD>325;
Watch SYNDIBANK>151.50 TVSMOTOR>181;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

Flat opening for the Nifty today, around 7795; Immediately after opening,
the Nifty took a fall till about 7770; It is trading flat and choppy around
7780 now; In the green, and trying to make up; Meanwhile, HINDALCO
could have already given you some profits following PricePoints; HINDALCO
should have been in at 195 and out at 197.50; If still in, Hold HINDALCO>197
with a StopLoss at 194.50; Otherwise, See these if market upturn comes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
HINDALCO 197.50 194.50 199 201 300
RECLTD 325 321 328 331 180

Also watch SYNDIBANK>151.50 and TVSMOTOR>181 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

24July(11:00) Mkt -ve & flat; No Suggest gave profit;
Hold RECLTD>325 if in; Watch HINDALCO>197.50
IDEA>152.50 WIPRO>574 now if mkt turns up; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
HINDALCO Out at 197
See > 197.50
Not much has come after last Update;
But there can be chance for more here
IDEA See > 152.50 This has started to rise slightly just now;
Can give profits if upsurge strengthens
WIPRO See > 574 Same with this; Had taken a big fall; Turning
around now, and can give profits from here
RECLTD In at 325
Hold>325, SL-321
This might give some profits if upsurge
returns; Otherwise, try to go Marginal here
SYNDIBANK In at 151.50 This took a fall after the Trigger was hit;
But there was chance to come out Marginal
TVSMOTOR This is flat and choppy for sometime;
Might flare up suddenly if Nifty jumps

HINDALCO IDEA and WIPRO looks good at this time; All can profit if the position
of the indexes remains stable; A fall in the Nifty will make the situation risky;
Be very careful; Take small profit and exit; Stay Away if not sure.

As we had expected, the market is flat and fluctuating; Nifty is in the 7770-7790
band and trading quiet; This market will become dangerous and risky for Intraday
traders wanting to go LONG if the Nifty starts to fall; We feel the Nifty should hold
above the Support of 7770 for now; Be careful - our Suggests are not in a very
secure position till now.

 


 

SMS-3

24July(12:30) Mkt red & Choppy; HINDALCO RECLTD gave profit;
None looks good for LONG now; All can profit if mkt turns up;
Await Europe openng; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
HINDALCO Out at 198.50 Not much is expected now with the market
fluctuating and unsteady; But there can be more
IDEA The Trigger of 152.50 was touched briefly;
Then nothing; Not many members took position
WIPRO Very flat, stuck at 570; But we still
feel this will give profits today
RECLTD Out at 327 Here also, not much is expected any more;
Unless Nifty starts to go up sharply
SYNDIBANK Marginal
at 151.50
Marginal position of this has been
confirmed; Nothing more expected here
TVSMOTOR This is the only Suggest that is showing
signs of progress; Watch after 179

Our Suggests have also gone unsure together with the general market; This situation
is not good for Intraday Trading in LONG; Be very careful now, specially if the
market starts to fall; Best to Stay Away and avoid trading if that happens;
Stay Away now, if you have already made some profits today.

The Nifty is fluctuating wildly; It went down to 7780, then up past 7805 very quickly
and almost made another intraday high; Then came another quick fall to below 7775;
Nifty at 7780, in the red, not knowing where to go; Asian stocks are mixed; Europe is
expected to open mixed; The Rupee is holding at 60.0630 now; Our govt has cleared
47% FDI in insurance which has given wings to insurance stocks; As things stand now,
we expect the Nifty to climb back towards the line and go back into the green today;
As before, be prepared for sudden downsides; Stay Away if you are not sure.

 


 

Please also see our Today's Performance or Details page