IntradayTrade dot Net dot IN
Alerts / Updates

for Thursday, 07-Aug-2014


 

SUGGESTS:

 

ADANIENT

 

DISHTV

 

ROLTA

 

ALSO SEE:

CROMPGREAV

DISHMAN

VOLTAS

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, 07-Aug-2014

SMS Pre-Market

Suggests: ADANIENT DISHTV ROLTA;
Also See: CROMPGREAV DISHMAN VOLTAS;
Valid for: 07-Aug-2014; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 7690, 7720, 7750, 7800, 7840;
NIFTY Support levels are: 7660, 7630, 7600, 7580, 7550;

 

Pre-Market Alert: 9:15am

A flat-to-negative opening is expected for our markets today, tracking down
Global cues; Yesterday, our markets ended with big losses as the Nifty went
back below the 7700-mark, in line with weak global cues amid worries the
conflict in Ukraine could worsen; The Rupee took a good beating; Overnight,
US markets ended flat as tensions in Ukraine and Russia and a failed merger
between Sprint and T-Mobile offset gains in consumer staples shares; Reports
say Russia has massed around 20,000 combat-ready troops on Ukraine's border;
Asian shares were trading lower today morning, but most are on the way to
recovery; At home, yesterday's fall has not been taken seriously by experts,
who say there is enough steam left in this Bull run to take the Nifty to
7800; The level of 7640 would continue to serve as an important Support
whereas 7800 level is an equally important Resistance for the index; Before
that, 7760 will be a difficult Resistance to cross; But first job for the
Nifty today would be to get back to 7700-level; For our part, we expect
some more downside, but not much below 7630; Range-bound trading
will follow; This market is difficult to trade in Intraday in LONG; So,
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 61.3600; WTI Crude is at $96.92

 


 

SMS-1

07Aug(10:00) Gap-down openng; Going choppy;
See CROMPGREAV>200 VOLTAS>206;
Watch ADANIENT>460 ROLTA>116;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

Slight gap-down opening for the Nifty today, around 7660; The Nifty is going
flat and choppy just below the line at 7670 now, mostly in the red; We expect
range-bound trading between 7650 and 7680 to continue; Meanwhile, you could
have gained some profits already from VOLTAS following PricePoints; You
should have entered VOLTAS at 203 and out at 205; If still in, Hold VOLTAS>206
with a Stoploss at 203, Otherwise, See these if market upturn comes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
CROMPGREAV 200 197 202 204 300
VOLTAS 206 203 208 210 290

Also watch ADANIENT>460 and ROLTA>116 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

07Aug(11:00) Mkt -ve & choppy; VOLTAS added profit; CROMPGREAV
Marginal; Watch ADANIENT>459 CROMPGREAV>200 VOLTAS>206
now if mkt turns up; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
ADANIENT See > 459 Two-three times this has shown promise of
an upward turn, which never came; Careful...
DISHTV Choppy with negative bias right after
opening; Low chances for profits
ROLTA This had opened good gap-up but started
to fall immediately; Maybe chances later
CROMPGREAV Marginal at 200
See > 200
Stayed around 200 for some time; Then
started to fall; Some profits can come later
DISHMAN This has remained choppy with a negative
bias since opening; Low chances seen here
VOLTAS In at 203 earlier
Out at 206.50 now
This looks like the best candidate today; Has
already given some profits; Can give more

As was predicted earlier today, this market is choppy, range-bound and uncertain;
Such markets are difficult to play in Intraday in LONG; So, be very careful today,
even with VOLTAS; Wait for Triggers to be crossed confidently before taking
position; Stay Away if you are not confident of profits to come.

The Nifty has been very choppy and fluctuating around the line, going into and out of
the green zone several times; Nifty is at 7660 now, in the red, having been in the
7650-7690 zone after opening; A slight negative bias is now seen; Global markets
are also in a mess; Asian markets are almost all still in the red, but improving;
Japan is already in the green; Europe is expected to open red due to Russia
sanctions, but should improve as the day progresses; The Rupee is still very weak
at 61.3850; For our market to get out of this downward spiral will need some
trigger; Be careful in LONG in such uncertain market; Stay Away if
you are not confident of taking position in LONG.

 


 

SMS-3

07Aug(12:30) Mkt in red; Going Choppy; VOLTAS added profit;
Hold VOLTAS>208 if in; Watch ADANIENT>458 CROMPGREAV>200;
Await Europe openng; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
ADANIENT See > 458 We are persisting with this as we still
believe this will do something; Careful...
DISHTV Low chances for profits as this has remained
flat and choppy; But you never know...
ROLTA Same here; Low chances of profits as this has
not looked up as yet; Maybe chances later
CROMPGREAV See > 200 Here also we keep persisting as we feel some profits can come later today; Let's see...
DISHMAN This is still choppy with a negative
bias; Low chances seen here
VOLTAS Out at 207.50
Hold>208, SL-204
As said before, This is the best
candidate today; Can give more

Market has remained flat and uncertain, and our Suggests have been exactly the
same, with the exception of only VOLTAS; CROMPGREAV has been marginal, but
can still give some profits if the Nifty goes up into the green; Be very careful
before you take entry; Stay Away if you are not sure; Consider Staying
Away if you have already made some profits today.

Contrary to what we had expected, the Nifty did not get trapped in a downward spin
with a negative bias; Instead, it has remained in the 7640-7660 area, in the red,
since our last Update; Which is a very good thing, as the Nifty is holding on to
the 7650-level; Support at 7630 is holding; Global cues are not supportive with
only 3 markets in the world in the green, that too, marginally; The Rupee is going
down and is at 61.5050 now; There are no domestic cues expected and the 100% FDI
in Railway and 49% FDI in defence did not create any ripples; For our market now,
under such circumstances, we cannot expect any upside unless we get some big
trigger; There is every chance that we will slide downwards; At best, the
Nifty will settle in a range; Stay Away if you are already in profit.

 


 

SMS-4

07Aug(2:30) Mkt in green; +ve bias; ADANIENT gave profit;
ADANIENT>461 VOLTAS>208 good for more in LONG
if upsurge strengthens in last hour; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
ADANIENT In at 458, Out at 460.50
See > 461
Our persistance has paid off! There can be
more here; But be careful in last hour
DISHTV We still have some hope here, but time
is running out; Best to avoid this now
ROLTA Nothing here; Low chances of profits
as this has not looked up at all
CROMPGREAV Our persistance did not pay off in this
case, but we are still hopeful of Marginal
DISHMAN Nothing here since morning;
Best to avoid this now
VOLTAS Old level valid This has not moved much after our
last Update; Can still give more

As can now be seen, none of our Suggests has moved with the market; The big uprise
in the Nifty hardly had any effect in the Suggests; This is good and this is bad
also; Good, because our calculations are independent of general market behaviour -
this is why we get very good results even on 'bad' days; Bad, because tracking the
market to predict movement in Suggests doesn't work; It would have been so much
easier if that had worked! Be very careful before you take entry at this last
hour; Stay Away if you are already in profits today.

In the last Update we said, "There is every chance that we will slide downwards;
At best, the Nifty will settle in a range; Stay Away if you are already in profit."
We also said, "For our market now, under such circumstances, we cannot expect any
upside unless we get some big trigger"; We were wrong for the first, as the Nifty
gave a very smart upsurge from 7640, went into the green, and then went further
up to cross 7700; This was unexpected by us; But we were right on the second count,
as the FDI in railways acted as the trigger that took the Nifty up; But the upsurge
is not holding now; The Nifty has started to fall again and is at 7690 now; We
surely feel that our earlier assumption was correct and we will see some more
downside; 7650 is the closing level for today; For Intraday in LONG now,
do not take position unless you get a good, clear chance; Stay Away if
you are already in profit today; Do not risk profits already made;
Today we will close flat/red.

 


 

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