IntradayTrade dot Net dot IN
Alerts / Updates

for Friday, 08-Aug-2014


 

SUGGESTS:

 

ADANIENT

 

TVSMOTOR

 

VOLTAS

 

ALSO SEE:

ARVIND

PETRONET

SYNDIBANK

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 Friday, 08-Aug-2014

SMS Pre-Market

Suggests: ADANIENT TVSMOTOR VOLTAS;
Also See: ARVIND PETRONET SYNDIBANK;
Valid for: 08-Aug-2014; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 7680, 7720, 7750, 7800, 7840;
NIFTY Support levels are: 7630, 7600, 7580, 7550, 7520;

 

Pre-Market Alert: 9:15am

A gap-down opening and cautious trading is expected for our markets today,
following Global cues which has slumped on geopolitical worries; Yesterday,
our markets ended with more losses as the Nifty went down below 7650 after
the Rupee went up against the US dollar and lower revenue growth guidance
from IT major Cognizant; Overnight, US stocks ended lower as Russia's
surprisingly harsh retaliatory measures in response to Western sanctions
raised concerns about global growth; Asian shares were trading lower today
morning as investors sought out safe-haven assets on growing fears that
conflicts in Ukraine and the Middle East could sap global growth extending
losses, after US President Obama said he had authorised air strikes in Iraq;
Japan is trading nearly -3% down; At home, Nifty level of 7600 is in danger
now; In case of a decline below 7500 the upside bias would be negated and
we may see a deeper decline in coming weeks if the situation in Iraq and
Ukraine worsens; On the upside, as we said in the last three days, the first
job for the Nifty would be to get back to 7700-level; For our part, we expect
some downside, but not much below 7580 which is strong Support; Range-
bound trading around 7600 is to be expected later; This is again a market
that will be difficult to trade in LONG for intraday; Pick a few stock to
track, and then follow them constantly and diligently; Be very 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 61.6150; WTI Crude is at $97.34

 


 

SMS-1

08Aug(10:00) Gap-down openng; Going Flat;
See ADANIENT>458 PETRONET>169.50;
Watch VOLTAS>205 SYNDIBANK>130;
For LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

Big, 60-point gap-down opening for the Nifty today, around 7590; The Nifty
is going flat and choppy below the 7600-mark, around 7570 now, deep in
the red; The strong Support at 7580 is not technically breached, as yet;
We expect range-bound trading between 7560 and 7590 to continue;
See these if market upturn comes with supporting volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
ADANIENT 458 452 463 468 130
PETRONET 169.50 137 171 172 350

Also watch VOLTAS>205 and SYNDIBANK>130 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

08Aug(11:00) Mkt -ve & flat; PETRONET gave profit; Hold
PETRONET>171 if in; Watch ADANIENT>458 TVSMOTOR>168
now if mkt turns up; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
ADANIENT See > 458 Going flat between 454 and 455; Good
chances of an upward turn; Careful...
TVSMOTOR See > 168 This is also very flat and quiet after
initial burts; Good chances of upside
VOLTAS A slight negative bias is seen now;
Maybe we'll get some chances later
ARVIND Has come down to 233 after opening at
237; Some profits might come later
PETRONET In at 169.50, Out at 171
Hold>171, SL-167
This has peaked at 171; But there are still
more to come after some time, we believe
SYNDIBANK Like many others, this is flat and choppy
since opening; Maybe will give chances later

The expected profits have come from one Suggest - PETRONET - and the market is
behaving as we has predicted; So, now, be cautious and careful as this kind of
market is difficult to play in Intraday for LONG; Wait for Triggers to be
crossed confidently before taking position; Stay Away if you are not sure.

The Nifty has been very choppy and fluctuating and has remained in the 7560-7590
band since the last Update, exactly as we had predicted; Global markets are still
down with only China and Hongkong in the green, that also, marginally; Japan is
more than -2.85% in the red; The Rupee is also weak at 61.6155; Europe is also
expected to continue with the fall due to geopolitical tensions; In such a scenario,
it will be difficult for our market to break out of this band on the upside any time
soon; We will need some trigger to make that happen; On the contrary, some
more downside might come; Meanwhile, be careful in LONG in such uncertain
market; Stay Away if you are not confident of taking position in LONG.

 


 

SMS-3

08Aug(12:30) Mkt in red; Flat & Choppy; No Suggest gave
profit; None look good for LONG now; All can profit
from present lows if mkt turns up; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
ADANIENT Like yesterday, this looked good several
times, then nothing; We are still hopeful
TVSMOTOR Stuck at 166; Needs some trigger to get
out of there; Be very careful with this
VOLTAS This is flat at 198 after a fall from 203;
Maybe we'll get some chances later
ARVIND Has gone down further to 231; But we
are still hopeful of some profits later
PETRONET Suddenly, this has lost all interest and
has become quiet; Watch this carefully
SYNDIBANK A bottom has been made at 127.50, it
seems; If yes, we'll see some upside now

We have not given any levels to follow; From here on, please follow PricePoints for
Entry; No levels have been given because we are not sure how this market will act
from here onwards; There is every chance that it will go up and make up some of the
losses; It is best to wait till that happens before playing any further; Stay Away
if you are not sure. Stay Away if you are already in some profit with PETRONET.

The Nifty has gone down a bit, while still remaining choppy and fluctuating; Around
7560 now, Trading within the 7555-7570 range, down from the 7560-7590 range;
Global markets are still deep in red with only China and Hongkong marginally in the
green; Japan is -3% in the red; The Rupee has recovered a bit and is at 61.4050
now; Europe is also expected to continue with the fall due to geopolitical tensions;
Under such conditions, it will be difficult for the Nifty to progress upwards; Even
then, if the Support at 7550 holds for some more time, we feel the Nifty will try
one upward breakout; But the general trend remains downwards; Be careful
in LONG in such uncertain market; There is every chance that we will
slide downwards; Stay Away if you are already in profit.

 


 

SMS-4

08Aug(2:30) Mkt in red; +ve bias; TVSMOTOR gave profit;
TVSMOTOR PETRONET 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
ADANIENT This has disappointed today; No point
in tracking this anymore today
TVSMOTOR In at 168, Out at 169.50 This was stuck; Then came a sudden spurt
that normally happens in such situations
VOLTAS Going down;
But there can still be some chance here
ARVIND Same here; But we are still hopeful
of some profits later, in last hour
PETRONET Stuck at 170 since that upsurge at 10:45am;
There can be something more here
SYNDIBANK The expected upside never came; Has
become very choppy; Pointless to track

If you have made any profits today, it is best to go home now; Do not risk profits
already made; Stay Away from this uncertain market.

The Nifty still remains choppy and fluctuating around 7560 now; After our last
Update, the Nifty had touched a low of 7540 and bounced back from there;
Hence, technically, the Support at 7550 still holds; The range for the Nifty is now
7540-7580; Global markets are still deep in red with only China closing marginally
in the green; Japan has closed almost -3% in the red; Europe is all in the red now;
The Rupee is holding position at 61.4050 now; There are no local triggers except
good SBI results; Even then, we hope the Nifty will make a last effort and give
an upward push before closing today; The target should be a closing near 7600;
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 red.

 


 

Please also see our Today's Performance or Details page