IntradayTrade dot Net dot IN
Alerts / Updates

for Tuesday, 05-Aug-2014


 

SUGGESTS:

 

APOLLOTYRE

 

JPASSOCIAT

 

VOLTAS

 

ALSO SEE:

BANKINDIA

IDEA

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 Tuesday, 05-Aug-2014

SMS Pre-Market

Suggests: APOLLOTYRE JPASSOCIAT VOLTAS;
Also See: BANKINDIA IDEA WIPRO;
Valid for: 05-Aug-2014; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 7720, 7760, 7800, 7840, 7890;
NIFTY Support levels are: 7640, 7610, 7580, 7550, 7520;

 

Pre-Market Alert: 9:15am

A flat-to-positive opening is expected for our markets today, tracking muted
Asian cues; Yesterday, Indian markets ended on a positive note as the Nifty
rebounded to end higher amid a late surge led by IT shares; Overnight, US
stocks ended higher lifted in a late rally driven by earnings from Warren
Buffett's Berkshire Hathaway and broad gains across most sectors that helped
the S&P 500 rebound from its largest weekly drop since 2012; Asian shares are
trading lower today morning with only Hongkong and Singapore marginally in
the green; At home, we expect cautious trading as we await the outcome of
RBI policy review due today which is likely to dictate the trend for the
markets; Amid fears of poor monsoon impacting food inflation, the Reserve
Bank may opt for status quo on interest rate in its bi-monthly monetary
policy review to be unveiled later during the day; RBI is unlikely to cut
key policy rates (repo rate, CRR) and any deviation from this will impact
markets; We expect flat, range-bound and quiet trading till these data are
out and analysed; We may see very sharp movements, up or down, later
today; The first job of the Nifty is to hold the 7700-level today; There
is good Support at 7640-7620; First Resistance is at 7720; But these
levels can be trounced easily today depending on what RBI announces;
Pick a few stock to track, 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 60.9725; WTI Crude is at $98.29

 


 

SMS-1

05Aug(10:00) Flat openng; Going Flat;
See APOLLOTYRE>182.50 BANKINDIA>281;
Watch VOLTAS>202 WIPRO>552;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

Flat opening for the Nifty today, around 7700; The Nifty is going
flat and choppy around 7700 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
APOLLOTYRE 182.50 180 184 186 320
BANKINDIA 281 277 283 285 210

Also watch VOLTAS>202 and WIPRO>552 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

05Aug(2:30) Mkt in green; +ve bias; 2 Suggests gave profit;
Hold APOLLOTYRE>184.50; Watch VOLTAS>202 BANKINDIA>283
if upsurge holds in last hr; See Site -INTDAY

 

Update-2: 2:30pm

Suggest Action - for LONG Comments
APOLLOTYRE In at 182.50, Out at 184.50
Hold>184.50, SL-182
This has gone up steadily since opening;
Good chances for more profits here
JPASSOCIAT Very choppy right from opening;
Best to avoid this now
VOLTAS See > 202 This looks like going up in the last
hour; Might give profits from here
BANKINDIA In at 281, Out at 283.50
See > 283
Some profits were given; Then went down;
Can give a 2nd chance in last hour
IDEA This was our hero in the last few days; Today it
is taking a breather; Can still give something
WIPRO Very choppy right from the beginning today;
Best to avoid this in last hour

We could not send the 11am and 12:30pm Updates today; Our Suggests have done
reasonably well today in the absence of inputs from our side; With the Nifty doing well
now, there is chance of more profits in some Suggests; Be very sure and certain if
you want to enter fresh in LONG in the last hour; Stay Away if you are not
100% confident; Do not risk profits already made.

The Nifty is around 7740 now; The Index has done very well to recover completely
from the sudden downside that came when the RBI announced no change in rates
and its pep-talk failed to cheer the market; Nifty went into the red, touched a low of
7640 and then bounced back from there when people realised that this RBI action is
for the good in future; Positive bias is seen now; Asian markets are closing mixed;
Europe is in the green; The Rupee has recovered some from 61-level and is at
60.7650 now; For the Nifty, Resistance at 7720 has been crossed confidently
and 7750 is the target for closing today; May just be possible; For Intraday
in LONG now, do not take position unless you get a good, 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