IntradayTrade dot Net dot IN
Alerts / Updates

for Tuesday, 02-Sept-2014


 

SUGGESTS:

 

ARVIND

 

IDEA

 

INDUSINDBK

 

ALSO SEE:

APOLLOTYRE

JPASSOCIAT

PFC

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, 02-Sept-2014

SMS Pre-Market

Suggests: ARVIND IDEA INDUSINDBK;
Also See: APOLLOTYRE JPASSOCIAT PFC;
Valid for: 02-Sept-2014; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 8040, 8080, 8110 .. 8250;
NIFTY Support levels are: 8010, 7990, 7940, 7900, 7860;

 

Pre-Market Alert: 9:15am

A flat-to-positive opening is expected today from our markets following
muted world cues; Yesterday, Indian markets continued their winning
streak for the seventh straight session with Nifty breaching the 8000-
mark for the first time in trade, and the Sensex closing at new life-time
high of 26867.55 boosted by positive economic growth data for the April-
June quarter; US markets were closed on Monday for Labor Day holiday;
Asian shares are trading mixed today morning with Japan, China higher;
Back home, our markets are expected to react well to the sharp fall of
CAD, released after market hours yesterday; Auto stocks will be in focus
on the back of robust August sales; Also, metal and power stocks could
extend gains after the Centre requested the SC not to cancel permits for
46 'operational' coal blocks; But for the Nifty, we are in un-uncharted
territory and we have no levels after some Resistance at 8040-8050;
Resistance at 8050 will have to be crossed today for further upside;
First Support is now at 8010-8000; More Support is at 7940-7900;
Carefully pick one or two stocks to track, and then follow them; Be
patient and do not be in a hurry to get in; Consider all possible
angles before you buy; Act quickly when you get a good chance;
Take small profits and Exit; Repeat, if the upside continues;
INR-US$ is at 60.4700; WTI Crude is at $95.96

 


 

SMS-1

02Sept(10:00) Gap-up openng; Going Good;
See IDEA>173 INDUSINDBK>621;
Watch ARVIND>296.50 PFC>260;
All for LONG if upsurge continues; Details at site -INTDAY

 

Update-1: 10:00am

Another gap-up opening for the Nifty today, around 8040; After opening,
the Nifty has gone up slightly to touch 8060, which is another life-time
high in intraday; There is again a definite positive trend; Nifty is at 8055
now, in the green; Meanwhile, IDEA and INDUSINDBK could have already
given you some profits following PricePoints; IDEA should have been in
at 171 and out at 172.50; If still in, Hold IDEA>173 with a StopLoss
of 169; Otherwise, see below; INDUSINDBK should have been in at
615 and out at 620; If still in, Hold INDUSINDBK>621 with a
StopLoss of 614; Otherwise, see below; See these if market
upturn strengthens now with increased volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
IDEA 173 169 175 177 340
INDUSINDBK 621 614 625 630 95

Also watch ARVIND>296.50 and PFC>260 if upsurge
strengthens; Take position in above scrips only if you are
absolutely confident; All for LONG; Stay Away if not sure.

 


 

SMS-2

02Sept(11:00) Mkt +ve & good; IDEA gave profit;
Hold IDEA>174.50 if in; Watch APOLLOTYRE>185
now if mkt upturn holds; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
ARVIND This has become flat and quiet after our
last Update; Not much chance seen here
IDEA Out at 174.50
Hold>174.50, SL-172
This has taken a pause and flattened
out; Watch this closely for downsides
INDUSINDBK No further improvement; Going down now;
At end of cycle; Best to avoid this now
APOLLOTYRE See > 185 This is flat and quiet just below 184
since opening; Some chances seen here
JPASSOCIAT There was a sharp chance that we missed;
Such a chance can come again after 49
PFC Yesterday's chart showed a lot of promise;
Nothing today; Best to avoid this now

Early profits have come from IDEA, INDUSINDBK and there is good promise from
APOLLOTYRE and JPASSOCIAT now; However, our winners of the last few days
seem to have reached the peaks of their performance cycle and may start to
come down now; So, be watchful; Do not set your Terminal for auto-BUY
at Trigger; Wait for triggers to be crossed with confidence before taking
position; Do not take unnecessary risks.

The Nifty upward march keeps getting stronger; A all-time high of 8067 has been
touched some time back, and there is more to come; Nifty at 8060 now in the
green with distinct positive bias; Target is 8080; Asian markets are mostly in the
green with Japan over +1.5% in the green; The Rupee had gone down from 60.4
lavel and is still a little weak at 60.6105 now; We expect the Nifty to hold the
present 8050+ level and flatten out around here; Be careful in LONG;
Avoid risks; Stay Away after you make your profits for the day.

 


 

02Sept(12:30) Mkt in green; Going good; APOLLOTYRE gave
profit; Hold IDEA>174.50 APOLLOTYRE>186.50 if in;
Watch PFC>259 if mkt upturn holds; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
ARVIND Still flat and choppy after the last
Update; Not much chance here; Avoid
IDEA Hold>174.50, SL-172 Still very flat and quiet just below 174;
There can be chances here; Careful...
INDUSINDBK Flattened out at 614; There is low chance
seen here; Best to avoid this now
APOLLOTYRE In at 185, Out at 186.50
Hold>186.50, SL-183
Expected profits have come, but low chances
for anything more; Flat at 185.50 now
JPASSOCIAT A second chance did not come after 49;
Going down; Avoid this now
PFC See > 259 Looks like this will turn around now;
Wait & Watch...

Our Suggests are performing in bits and pieces today; There is no consistency;
Be very careful in LONG and concentrate on one Suggest at a time; Do not set
your Terminal for auto-BUY at Trigger; Wait for triggers to be crossed with
confidence before taking position; Do not take unnecessary risks;
Stay Away if you have already made your profits for the day.

The Nifty is still going strong and maintaining a positive bias; Above 8070
now in the green; This is new intraday and life-time high; There is more to
come; Target is 8080; After that we do not know; With momentum being so
strong upwards, position of global markets and level of Rupee: nothing matters
now; But they are all very supportive; What we should be worried about is
any negative domestic trigger that can bring the market crashing down; Not
very likely, though; Stay Away if you have made your profits today;
Do not take undue risks.

 


 

SMS-4

02Sept(2:30) Mkt in deep green; +ve bias;
PFC gave profit; IDEA PFC look good for more in LONG
if upsurge holds in last hour; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
ARVIND Still very choppy; Best to Avoid
IDEA Hold>174.50, SL-172 Still very flat and quiet around 174;
But we still feel there is chances here
INDUSINDBK Looks like the rally of the last few
days has ended for this; Avoid this now
APOLLOTYRE No point tracking this anymore today;
This is not following market trend
JPASSOCIAT Our optimism with this for the last 2 days
has not been rewarding; Avoid this now
PFC In at 259, Out at 261 This has given expected profits;
There can be more here after 261

IDEA and PFC have emerged as the consistent players today, and these two are
the only two that show promise of more profits in the last hour; Others are not
consistent and not following the general market trend; Do not take unnecessary
risks; Stay Away if you have made your profits for the day;
Do not risk profits already made.

We have had another fantastic performance by the Nifty today; Another landmark -
8100 for the Nifty - has been touched today; This is new intraday and life-time
high; The Nifty is at 8090 now, and is poised to create another life-time
closing high; We are witnessing history being made; The Bulls are in full and
absolute control as, immediately after hitting 8100 the Nifty suffered a small
profit-taking fall that was quickly controlled and the Nifty did not fall very
much below 8080; As we said before, no external influence like Global Markets
or Rupee status matter in front of such momentum, but all that is fully supportive
in any case; Looks like the 100-day scorecard of the Modi govt together with the
positives of PM's Japan trip is the market's favour; At this time, the Nifty has
taken a break and has flattened out at the 8090 level; We expect the Nifty to
carry on with range-bound trading around this level and hold position; We may
see some slight consolidation before closing today, but 8050 should surely
be held; For Intraday in LONG now, do not take any undue risks; It is best
to Stay Away now if you are already in profit; Today we will close green.

 


 

Please also see our Today's Performance or Details page