IntradayTrade dot Net dot IN
Alerts / Updates

for Monday, 04-Aug-2014


 

SUGGESTS:

 

DLF

 

TVSMOTOR

 

UNIONBANK

 

ALSO SEE:

GLENMARK

IDEA

JPASSOCIAT

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 Monday, 04-Aug-2014

SMS Pre-Market

Suggests: DLF TVSMOTOR UNIONBANK;
Also See: GLENMARK IDEA JPASSOCIAT;
Valid for date: 04-Aug-2014; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 7640, 7680, 7710, 7730, 7760;
NIFTY Support levels are: 7580, 7550, 7520, 7480, 7450;

 

Pre-Market Alert: 9:15am

A positive opening is expected for our markets today, tracking firm Asian
cues; Last Friday, Indian markets ended deep in the negative as the Nifty
fell by more than -1.5 per cent and slipped below its crucial psychological
level of 7600 in trade, marking its biggest fall in 3-1/2 weeks led by weak
global scenario ahead of RBI monetary policy; At close, the Nifty had just
managed to hold 7600 level; On Friday, US stocks ended lower as confusion
over Federal Reserve policy and ongoing tensions in Ukraine and Gaza weighed
on sentiments; Asian shares are trading mixed today morning, but overall the
mood is positive; At home, we expect a gap-up opening around 7650 today;
The First Support for the Nifty today is at 7580 and then at 7560-7550;
This should be hold for the day; First target today is 7680, which is
good Resistance; The RBI monetary policy review tomorrow will dictate the
near term trend for our markets; RBI may focus on easing fund flow, and hold
rates; However, the weakness in the Rupee is a matter of concern; It is quite
possible we will see some more downside before the market flattens out; Pick
a few stock to track, carefully, and then follow them diligently; Be patient
and do not be in a hurry to get in; Consider all possible angles before you
actually buy; Act quickly when you get a good chance; Take small profits
and Exit; Repeat, if the upside continues;
INR-US$ is at 60.5550; WTI Crude is at $98.17

 


 

SMS-1

04Aug(10:00) Gap-up openng; Going Flat;
See GLENMARK>674 IDEA>162.50;
Watch TVSMOTOR>161 UNIONBANK>202;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

Gap-up opening for the Nifty today, around 7645; The Nifty is going
flat and choppy around 7640 now, in the green; We expect range-bound
quiet trading; See these if market upturn comes with supporting volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
GLENMARK 674 665 680 685 85
IDEA 162.50 160 164 167 360

Also watch TVSMOTOR>161 and UNIONBANK>202 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

04Aug(11:00) Nifty has -ve bias; No Suggest gave profit;
Glenmark Marginal; All other Suggests can profit now
if mkt turns up; Careful... See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
DLF This is going down steadily since opening;
Low chances seen here
TVSMOTOR Old level holds Absolutely flat right from opening;
Good chances for profits if upturn comes
UNIONBANK Old level holds This has been flat and choppy since
opening; Might give profits later
GLENMARK Marginal at 674 This is also choppy and flat after an
initial fall; There is chance here
IDEA Old level holds Best candidate to give profits today;
Wait for Trigger to be crossed confidently
JPASSOCIAT Old level holds Flat and choppy with slight positive
bias; Chances of profits here

We got a short uprise from the Nifty some time back, but it was not translated to
our Suggests; They are still flat, choppy and uncertain; Today is a difficult day;
Wait for Triggers to be crossed with confidence before taking any position.

The Nifty is around 7660 now, having come up from 7640 and touching a high
of 7670; In the green; A slight positive bias may now develop; The important
level of 7650 needs to be held by the Nifty now, to make further progress;
But some trigger will be required to take it above 7680-level today;
Stay Away if you are not confident of taking position in LONG.

 


 

SMS-3

04Aug(12:30) Mkt in green; Going Flat; No Suggest gave
profit; Hold IDEA>163 if in; No other looks good now;
Await Europe openng; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
DLF This has flattened out around 198-199
after going down; Can turn around
TVSMOTOR A small, sharp chance came, but it was
not 'catchable'; Low chances seen now
UNIONBANK A negative bias has come in now;
Low chances of giving profits later
GLENMARK Still Marginal at 674; Stuck at 670;
There is still some chance here
IDEA In at 162.50;
Hold>163, SL-160
This has started to fall slightly;
But there is still chance here
JPASSOCIAT This has also started to fall slightly;
Low chances seen here now

Our Suggests are NOT doing well today; IDEA is also not very confident; There
can be some profits later, but be very careful before you take entry;
Stay Away if you are not sure.

The Nifty is doing well and has maintained position around 7650; In the green;
Global cues are mixed - Asian markets are turning red, Europe is expected to open
in the green, and the Rupee is at 61.0550, which is not a good position; Hence,
there is not much push from outside; Inside also, things are quiet as there
are no domestic cues; As we said before, some trigger is required to take the
Nifty past 7680; Under such circumstances, we expect the Nifty to keep within
a range and maybe rise slightly from here; Stay Away if you are not sure.

 


 

SMS-4

04Aug(2:30) Mkt in green; Flat & Choppy; IDEA gave profit;
Only IDEA>165 still good for more profits in LONG
if upsurge comes in last hour; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
DLF Still around 198-199; But still can turn
around and give some profits in LONG
TVSMOTOR Same here; Flat and choppy, but still
there is a chance of profits here
UNIONBANK This one does not look so attractive;
Low chances of profits in last hour
GLENMARK This has disappointed so far; There is,
however, a tendency to turn around
IDEA Out at 164.50;
Hold>165, SL-160
This has given the expected profits;
There is still chance for more here
JPASSOCIAT Low chances seen here; Very choppy
and unstable; Be very careful here

As was expected, none of our Suggests, except IDEA, has performed today; This IDEA
is also the only one which looks like giving more profits in LONG in the last hour;
However, some others also have good possibilities; Be very sure and certain if
you want to enter fresh in LONG at this time; Stay Away if you are not
100% confident; Do not risk profits already made.

The Nifty continues to do well and hold the gains of the opening; Around 7660 now;
Global cues are still mixed but Asian markets are turning green; Europe is also mostly
in the green, and the Rupee is at 61.0650, which is steady; Hence, outside cues are
turning supportive; As far as domestic cues are concerned, there is some talk that
RBI might cut rates in the forthcoming monetary policy review; These factors might
give the expected push for the Nifty to go towards 7680 by closing today; 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 green.

 


 

Please also see our Today's Performance or Details page