IntradayTrade dot Net dot IN
Alerts / Updates

for Thursday, 31-July-2014


 

SUGGESTS:

 

ARVIND

 

IDEA

 

INDIACEM

 

ALSO SEE:

DLF

EXIDEIND

HDIL

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, 31-July-2014

SMS Pre-Market

Suggests: ARVIND IDEA INDIACEM;
Also See: DLF EXIDEIND HDIL;
Valid for date: 31-July-2014; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 7810, 7840, 7900, 7940;
NIFTY Support levels are: 7770, 7740, 7710, 7670, 7630;

 

Pre-Market Alert: 9:15am

A flat-to-negative opening is expected for our markets today, tracking
down global cues; Yesterday, Indian markets ended in the positive zone
after two down-days, with the Nifty going back to the 7800-zone as we say
almost a 100-point pullback by the Nifty post-lunch; Till then, there was
a slight negative bias in the market after a small negative opening; US
stocks closed higher last night after the Federal Reserve gave a rosier
assessment of the US economy while reaffirming that it is in no hurry to
raise interest rates; Asian stocks are trading mostly in the red today
morning; At home, we have the F&O Expiry today; The market may remain
volatile as traders roll over positions in the futures & options (F&O)
segment from the near month July 2014 series to August 2014 series;
Caution will rule; The Support at 7710-7700 is very important now and
should hold in the current phase; 7800 is the first target; We expect
the Nifty to get into range bound trading between 7750 and 7790
for the most part today; As always, be alert for sudden profit booking
downsides; Pick a few stock to follow, carefully, and then follow
them diligently; 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 upside continues;
INR-US$ is at 60.2100; WTI Crude is at $100.27

 


 

SMS-1

31July(10:00) Flat openng; Flat & Choppy in red;
See DLF>203.50 EXIDEIND>170.50;
Watch IDEA>157.50 INDIACEM>106;
All for LONG if upsurge comes; See site -INTDAY

 

Update-1: 10:00am

Flat opening for the Nifty today, around 7790; The market is choppy
after opening, and the Nifty is around 7780 now, in the red; We
expect range bound trading for some time now in the 7770-7790
range; See these if market upturn comes with supporting volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
DLF 203.50 201 206 208 290
EXIDEIND 170.50 168 172 173 350

Also watch IDEA>157.50 and INDIACEM>106 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

31July(11:00) Mkt in red; Slight +ve bias; No Suggest gave
profit; Watch DLF>203.50 EXIDEIND>169 HDIL>92.50
now if mkt turns up; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
ARVIND Going down with slight negative bias
after opening; Can turn around later
IDEA Same here: slow downward slide is seen;
But there are chances here also
INDIACEM This is not going down, but is flat and
quiet around 105; Might give profits later
DLF See > 203.50 This has got stuck around 202.50; There is
chance here if Nifty upsurge strengthens
EXIDEIND See > 169 This is also stuck at 168; But there is
good chance it will make up the morning loss
HDIL See > 92.50 This has also lost some ground in the
morning; Trying to make up the losses now

None of our Suggests could give any profits till now, following the levels we gave in
our last Update; But the general market conditions are improving and our Suggests
are looking good now; We are hopeful; But you have to be careful of sudden
downsides as is mandatory at such high levels; Stay Away if not sure.

The Nifty has remained range-bound after our last Update in the 7770-7790 range,
exactly as we had predicted; But a slight positive bias is now seen; This might take
the Nifty into the green zone and past 7800 by mid-day; But we still say the range
bound trading will return, only the range will be a little higher; Support at 7770
should hold; Be prepared for sudden profit booking downsides at such high
levels; Stay Away if you are not confident of taking position.

 


 

SMS-3

31July(12:30) Mkt in red; Flat & Choppy; None 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
ARVIND The slight negative bias is still pulling
this downwards; Can still turn around later
IDEA Some chance was developing here after this
bounced back from a low of 154; Then nothing
INDIACEM Still very flat and quiet around 105; Might
give profits later, but chances are low
DLF This showed lots of promise and just touched
our trigger at 203.50; It is falling since then
EXIDEIND This is still stuck at 168; But there
is chance it will break loose now
HDIL This is going down choppily;
Low chances are seen here

None of our Suggests are doing anything at this time; Some show promise, but
generally the choppiness due to Expiry is taking a toll; All can still give
profits from present lows if market turns up; The going is not easy;
Stay Away if you not sure of what you are doing.

The Nifty has remained in the 7770-7790 band after our last Update and the
level has not gone up, as we had expected; The Nifty is at 7780, in the red;
Choppiness and uncertainty due to F&O Expiry is continuing; Asian markets are
mixed; Europe is also expected to open mixed; The Rupee has weakened a bit
and is at 60.2800 now; There is news that RBI may keep policy rates steady
until Q1 2015; This might have no effect; We expect the Nifty to keep within
the current range and maybe rise slightly from here into the green;
Then, a turn around will come; Stay Away if you are not sure.

 


 

SMS-4

31July(2:30) Mkt in red; Going down; IDEA HDIL gave
profit; Both these good for more profits in LONG if
upsurge comes now in last hour; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
ARVIND Negative bias and downward slide continues;
No chance seen here unless Nifty turns up
IDEA In at 157, Out at 158 Some profits have come; There can be
more if the overall market turns positive
INDIACEM Very choppy and quiet;
No chance seen here anymore
DLF Nothing happening here;
Not much chance seen here, anymore
EXIDEIND This has started to fall together with
the Nifty; Best to avoid this now
HDIL In at 92.50, Out at 94.75 You have done well, if you have got a little of
the sudden spurt that came; More can come

2 of our Suggests have given un-expected profits even as the Nifty started a slide
downwards; Although we say there is chance for more profits in LONG, it is
unlikely to come, as the general market is going down; So, be careful;
Do not risk profits already made.

We had expected a downwards turn for the Nifty after it goes up a little
and into the green zone, but the slide has started before that; The Nifty is
at 7750 now, coming down from just under 7790; First Support at 7770 has
been breached confidently, and the next one at 7740 is being tested now; This
may not hold for long; But the next Support at 7710-7700 should hold for the
day; For Intraday in LONG now, do not take position unless you get a clear
chance; Stay Away if you are not sure; Do not risk profits already made;
Today we will close red.

 


 

Please also see our Today's Performance or Details page