IntradayTrade dot Net dot IN
Alerts / Updates

for Friday, 25-July-2014


 

SUGGESTS:

 

HINDALCO

 

IDEA

 

UCOBANK

 

ALSO SEE:

DISHTV

TATASTEEL

WIPRO

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, 25-July-2014

SMS Pre-Market

Suggests: HINDALCO IDEA UCOBANK;
Also See: DISHTV TATASTEEL WIPRO;
Valid for date: 25-July-2014; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 7840, 7900, 7940;
NIFTY Support levels are: 7770, 7750, 7720, 7680, 7640;

 

Pre-Market Alert: 9:15am

A flat-to-negative opening is expected for our markets today, tracking
mixed global cues; Yesterday, after opening flat, and moving in a narrow
range for most part of the day, our market picked up momentum in the
last one hour of trade; Tracking the momentum, the Nifty hit a fresh
lifetime intraday high of 7835.65 and a fresh lifetime closing high of
7830.60; It was the eighth consecutive session of gains as investors
cheered Modi govt's steps to attract higher overseas investments
by increasing FDI cap hike in insurance, and other sectors; On Wall
Street overnight, the S&P 500 closed with slight gains for its 2nd record
closing high in a row, even after earnings painted a mixed picture of
the economy; Asian shares are trading flat today morning after a mostly
flat day for the US markets; At home, Nifty is expected to consolidate
today also at the start; New local Support has been created at 7770
and the earlier Support at 7750 is still active; Strong Support is still
there at 7680; On the high side, we are in uncharted territory and there
is theoretical Resistance at 7900-7940 region; However, we do not feel
the Nifty will make any attempts towards that side today; We expect
some consolidation and the Nifty will do very well if it can hold 7800
level today; If it goes below 7750, we might see a bigger correction;
As always, be alert for sudden profit booking downsides at such high
levels; Pick a few stock to follow, carefully, and then follow 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 60.1650; WTI Crude is at $102.07

 


 

SMS-1

25July(10:00) Flat openng; Going down;
See DISHTV>62 TATASTEEL>575;
Watch UCOBANK>108 WIPRO>545;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

Flat opening for the Nifty today also, around 7830; The index was flat and
choppy after opening, but has suddenly started to drop; Went down to
7810; Nifty at 7815 now, in the red; Some more downside is likely before
the markets flattens out; See these if market upturn comes with volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
DISHTV 62 60.50 63 64 960
TATASTEEL 575 570 579 584 100

Also watch UCOBANK>108 and WIPRO>545 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

25July(11:00) Mkt -ve & choppy; No Suggest gave profit;
Watch UCOBANK>107 TATASTEEL>568 now
if mkt turns up; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
HINDALCO Has gone down steadily after opening;
Might turn around now; See after 195
IDEA This has also fallen sharply, and can
turn around and give profits after 151
UCOBANK See > 107 The fall here has not been so severe;
There can be chances here
DISHTV This has been very choppy and uncertain
since opening; Low chances here
TATASTEEL See > 568 Chances for profits seen here as
this seems to have flattened out
WIPRO This has been different from the rest; Has
been very quiet and flat; Can give profits

All our Suggests, except WIPRO, took a fall after opening in keeping with the general
market trend; You have to be careful now, as the falling trend is still seen; This
kind of situation is risky for Intraday Trading in LONG; Stay Away if not sure.

The Nifty has fallen steadily after opening and touched a low of 7790, down from
7830; The Nifty has paused here a bit and has been between 7790 and 7810 for
some time, in the red; Nifty will do good if it can hold this level around 7800;
But we feel there may be some more downside before the market flattens
out; Be careful - our Suggests are not looking prospective till now.

 


 

SMS-3

25July(12:30) Mkt in red; Going down; None gave profit;
Watch HINDALCO>194 TATASTEEL>563 WIPRO>548
if mkt turns up; Await Europe openng; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
HINDALCO See > 194 This might turn around now, if the Nifty
turns up; Chances for profits seen here
IDEA This looked like giving profits after 151;
None came; But there is still chance
UCOBANK This almost went up to the Trigger ay 107,
then fell sharply; There can be chances later
DISHTV Looks like this will also turn around now;
May be chances here for profits later
TATASTEEL See > 563 Chances for profits seen here even now;
But be careful; Take small profits and exit
WIPRO See > 548 This is different from the rest, and
the best candidate to give profits today

None of our Suggests could give any returns in LONG till now, following the levels
we have given today; The market has flattened out and some of our Suggests look
ready to turn up; So, there can be chances now; But be very careful in LONG
today - going will be uncertain and risky.

The Nifty has levelled out as expected and is trading quiet and range-bound between
7780-7810; However, there is still an underlying negative bias seen; We feel the
Nifty will find it very difficult to hold 7800 level now; Asian markets are very
mixed; Europe is expected to open mostly red; But the Rupee is holding at 60.1175;
In another plus, India has avoided a downgrade by IMF which has retained India's
growth forecast at 5.4%; All other BRICS members saw their forecast cut in the
review, with Russia taking the biggest knock; As things stand now, we expect the
Nifty to hold current levels, or fall slightly from here, and then make an effort
to climb back towards the line towards the end of the day; As before, be
prepared for sudden downsides; Stay Away if you are not sure.

 


 

SMS-4

25July(2:30) Mkt in red; Recovering; WIPRO gave profit; Hold
WIPRO>550; See HINDALCO>194 DISHTV>60 TATASTEEL>560
if upsurge holds in last hour; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
HINDALCO See > 194 The expected upturn had come, but it was
very weak; There is still some chance
IDEA This is still choppy and uncertain; But
there is still some chance after 150
UCOBANK Some sudden spikes have come, then
fell back; This is very risky; Avoid
DISHTV See > 60 This has become choppy and uncertain;
Be careful with this Trigger
TATASTEEL See > 560 This has flattened out around 555;
Chances for profits seen here after 560 now
WIPRO In at 548, Out at 550
Hold>550, SL-544
Slow but steady rise; As said, this is
the best candidate to give profits today

We are still hopeful that at least one more Suggest, besides WIPRO, will give
some profits before closing today; If nothing comes, no matter; Most important is
not going into a loss in LONG in such a correction day; Stay Away if you are not
confident; If you enter, take small profit and exit; Repeat, if you have to.

The Nifty Support at 7770 came to no use; It was breached rather easily; But some
Support was found at 7750; The Nifty had bounced from there and went up to 7790;
We were hopeful that 7800 will be taken again; But that has not happened; The
Nifty has fallen and is at 7770 now; In the red; World markets are mixed with
Asia recovering some, and key European opening red; The Rupee, however,
is recovering and is at 60.0900; For our market, we go back to our previous
stand again: We expect the Nifty to flatten out here and move towards
7800 and the line right at the end today; For Intraday, take position in
LONG only if you get a clear chance; Stay Away if you are not sure;
Today we will close red, around 7800.

 


 

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