IntradayTrade dot Net dot IN
Alerts / Updates

for Wednesday, 06-Aug-2014


 

SUGGESTS:

 

ADANIENT

 

AMBUJACEM

 

APOLLOTYRE

 

ALSO SEE:

ANDHRABANK

HDIL

IRB

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 Wednesday, 06-Aug-2014

SMS Pre-Market

Suggests: ADANIENT AMBUJACEM APOLLOTYRE;
Also See: ANDHRABANK HDIL IRB;
Valid for: 06-Aug-2014; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 7760, 7800, 7840, 7890, 7940;
NIFTY Support levels are: 7720, 7680, 7640, 7610, 7580;

 

Pre-Market Alert: 9:15am

A flat-to-negative opening is expected for our markets today, tracking down
Global cues; Yesterday, Indian markets ended on another positive note as the
Nifty recovered intraday losses to end higher amid a late surge after a selloff
post Reserve Bank's policy announcement; Overnight, US stocks ended lower
on reports that Russian troops were massing near the Ukraine border; Geo-
political concerns overshadowed upbeat US economic data which included a rise
in service sector activity to a nine-year peak and a surprisingly large increase in
factory orders; Asian markets are trading lower today morning dragged down by
the US; At home, yesterday's pep-talk by the RBI Chief Rajan has calmed nerves
and our markets should be shielded from such geopolitical concerns; We should
be able to hold Nifty-7700 level today, we hope, and 7660-7640 are very
strong Support; On the upside, 7760 is a difficult Resistance to cross; The
first job of the Nifty is to hold 7700-level today; We expect range-bound
and quiet trading with a slight positive bias for the most part of the day;
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 61.1100; WTI Crude is at $97.38

 


 

SMS-1

06Aug(10:00) Gap-down openng; Going Flat;
See ADANIENT>449 APOLLOTYRE>189;
Watch HDIL>102 IRB>266;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

Slight gap-down opening for the Nifty today, around 7730; The Nifty is going
flat and choppy around 7730 now, in the red; We expect range-bound trading
above 7700; Meanwhile, you could have gained some profits already from
APOLLOTYRE following PricePoints; You should have been in at 187 and
out at 188; If still in, Hold APOLLOTYRE>189 with a Stoploss at 186,
Otherwise, See these if market upturn comes with supporting volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
ADANIENT 449 443 453 457 130
APOLLOTYRE 189 186 191 192 310

Also watch HDIL>102 and IRB>266 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

06Aug(11:00) Mkt -ve & flat; 2 Suggests gave profit; Hold
ADANIENT>452; Watch APOLLOTYRE>189 ANDHRABANK>82.70
IRB>265 now if mkt turns up; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
ADANIENT In at 449, Out at 451.50
Hold>452, SL-445
This is going up steadily since opening;
But there is chance of flattening out now
AMBUJACEM Absolutely flat and choppy after opening;
Can give profits if upturn comes
APOLLOTYRE Out at 189.50
See > 189
This has started to come down after
peaking at 189.50; Maybe chances later
ANDHRABANK See > 82.70 Today is not a day for Banks,
But some profits can come later
HDIL This has remained choppy with a negative
bias since opening; Wait & Watch ...
IRB See > 265 This is also flat and choppy with -ve
bias; But chances of profits better here

The Nifty has been trading flat and choppy and quiet with a slight negative bias since
opening today; In the 7720-7740 band, in the red; Our Suggests are also becoming
flat, choppy and uncertain, including ADANIENT; That makes it difficult for intraday
trading in LONG; Wait for Triggers to be crossed confidently before taking position.

Actually, the Nifty is doing well to hold position above 7700, and not giving in to profit
taking; Nifty is around 7730 now, in the red; A slight negative bias may now develop;
Support at 7720 is holding; Next good Support is at 7680; On the upside, the Nifty
first needs to go into the green and cross 7750-7760 for any further progress; We
need some trigger for that; Be careful in LONG in such uncertain market;
Stay Away if you are not confident of taking position in LONG.

 


 

SMS-3

06Aug(12:30) Mkt in red; Choppy; ADANIENT gave profit;
See ADANIENT>453; All others can also profit if Nifty
goes up; Await Europe openng; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
ADANIENT In at 452.50
See >453
Still going up; Added some profits, and looks
like the only one that can add some more
AMBUJACEM Took a fall till 208.50 after our last Update;
Can still give profits if upturn comes
APOLLOTYRE Going down slowly after our last Update;
Low chances seen here
ANDHRABANK Not a day for Banks;
Best to Stay Away from this today
HDIL This has developed a slow negative bias;
Best to avoid this also today
IRB This is also choppy with negative bias;
No chances of profits seen here now

Only ADANIENT amongst our Suggests have done well today; APOLLOTYRE has died
down after an initial spurt; There can be some profits later if market turns up, but
be very careful before you take entry; Stay Away if you are not sure;
Stay Away if you have already made some profits today.

As we had expected, the Nifty is in the grip of a slow negative trend and is at
7700 now, in the red; This level is under threat and might not hold for long;
Next Support is at 7680, and this might hold; There is no help from Global
markets as Asia is almost all in deep red, and Europe is expected to open in
red; The Rupee is also very down at 61.2500 now; For our market, some more
downside might now come till 7680; As we said before, some trigger is required
to take the Nifty higher; At best, the Nifty will settle within a range between
7700-7730 and maybe rise slightly later; Stay Away if you are already in profit.

 


 

Please also see our Today's Performance or Details page