IntradayTrade dot Net dot IN
Alerts / Updates

for Tuesday, 23-Sept-2014


 

SUGGESTS:

 

ITC

 

PTC

 

TATAMOTORS

 

ALSO SEE:

FEDERALBNK

IBREALEST

ONGC

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, 23-Sept-2014

SMS Pre-Market

Suggests: ITC PTC TATAMOTORS;
Also See: FEDERALBNK IBREALEST ONGC;
Valid for date: 23-Sept-2014; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 8160, 8180, 8200, 8230, 8260;
NIFTY Support levels are: 8100, 8070, 8030, 8010, 7970;

 

Pre-Market Alert: 9:15am

A flat-to-negative opening and cautious trading is expected today for
our markets today also, tracking down Asian cues; Yesterday, the Nifty
staged a pullback at about 1pm after being flat and choppy all through
the morning; The steady upside after 1pm took the Nifty from 8080 to
almost 8160; But then the index lost some and closed just below 8150;
Upward momentum is still strong; Last night, major US share indices
ended sharply lower as investors trimmed positions over weaker than
expected housing data which raised concerns about economic recovery;
Asian shares had opened mixed today morning after encouraging data
from China but bogged down by overnight losses on Wall Street; Most
are in the red now; Back home, Nifty has moved past the Resistance of
8130 comfortably and 8150 should be held on opening today; There
is good chance that the highs of 8180 will be tested again today;
8130 will act as some Support today, with 8100-8070 being the
downside limit; As we have entered in F&O expiry week, volatility
will continue to remain on the higher side; Carefully pick one
or two stocks and then track them diligently; Be patient;
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 60.9100; WTI Crude is at $91.52

 


 

SMS-1

23Sept(10:00) Flat openng; Going choppy;
See PTC>96 FEDERALBNK>131.50;
Watch ITC>372 TATAMOTORS>540;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

Flat opening for the Nifty today around 8145; After opening, the Nifty
has become choppy just below the line; A slight negative bias may be
coming; Nifty is at 8140 now; In the red; We expected the market to
hold the Support of 8130-8100 if the trend turns negative; See
these if market upturn comes now with increased volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
PTC 96 94 97 98 620
FEDERALBNK 131.50 129 133 135 450

Also watch ITC>372 and TATAMOTORS>540 if upsurge
holds now; Take position in above scrips only if you are
absolutely confident; All for LONG; Stay Away if not sure.

 


 

SMS-2

23Sept(11:00) Mkt in red; Slight -ve bias; None gave profit;
TATAMOTORS FEDERALBNK Marginal; All Suggest can give
profits now if mkt turns up; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
ITC This has got stuck at 370; There
can be chances in this later today
PTC This is down and choppy;
Low chances seen here today
TATAMOTORS In at 540 Marginal till now;
Best to limit losses here
FEDERALBNK In at 131.50 Here also, get out and limit losses
if no upward movement comes now
IBREALEST This is looking like turning
around; Wait & Watch after 73
ONGC This is also turning around;
Watch after 418

Two of our Suggests are in the danger zone today till now; Others are not
progressing as expected; For TATAMOTORS FEDERALBNK, it will be best
to limit your losses if there is no upward movement in them; Today is a
day to be extra careful as all our Suggests are under-performing;
Do not take unnecessary risks; Stay Away if you are not sure.

There was a distinct negative bias in the Nifty after our last Update; But
that has levelled out now; Nifty is at 8125 now, in the red; Trading in the
8110-8140 range; Support at 8130-8100 is still holding; World markets
are still not supportive as almost all are in the red; But the Rupee is
holding steady at 60.8750; As we said earlier, we expect the Nifty to hold
the Support at 8130-8100 and not fall very much; Be watchful in LONG;
Avoid taking big risks; Stay Away if you are not sure.

 


 

SMS-3

23Sept(12:30) Mkt in red; Going Flat; None gave profit;
FEDERALBNK has gone into loss; TATAMOTORS Marginal;
No Suggest looks good for long now; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
ITC This is the only Suggest that looks good
for some profit in LONG at this time
PTC This is going down now;
Low chances seen here today
TATAMOTORS Marginal This has taken a fall;
Low chances seen here now
FEDERALBNK Out at 130 This has gone into loss; There can be
a chance to make up, if this turns up
IBREALEST This did not turn around, but fell
further; Low chances seen here now
ONGC Same here; instead of turning around,
it fell; Low chances now

FEDERALBNK has gone into a loss; There was no chance to come out from there
with anything less; Our Suggests keep under-performing; Chances will come now
to make up the losses only if the market turns around; Do not take
unnecessary risks; Stay Away if you are not sure; It is better
to accept this loss and go forward.

Looks like the negative bias has returned for the Nifty, as it is now headed
lower; Nifty at 8110 now, below the first Support of 8130; But 8100 should
hold; World markets are still not supportive as almost all of Asia and Europe
are in the red; But the Rupee is holding steady at 60.9300; As we said
earlier, we expect the Nifty to hold the Support at 8100 and not fall
very much; One of our Suggests have already gone into loss today;
Be very careful; Do not take undue risks;
Stay Away if you are not sure.

 


 

SMS-4

23Sept(2:40) Mkt in red; -ve bias; ITC gave profit;
FEDERALBNK recovered some; These 2 good for more in
LONG if upsurge comes now in last hour; See Site -INTDAY

 

Update-4: 2:40pm

Suggest Action - for LONG Comments
ITC In at 372, Out at 374.50
Hold>375, SL-370
Expected profits have come;
There can be more here in last hour
PTC Down and out; Avoid
TATAMOTORS Marginal This has fallen down to below 520;
Best to avoid this now
FEDERALBNK In at 127, Out at 127.90
Hold>128, SL-126
There can be some more upside in
last hour to reduce earlier losses
IBREALEST This has flattened out at 69;
But it is best to avoid this now
ONGC Down and out; Avoid

FEDERALBNK has given some chance to make up the losses made earlier in the day;
Some profits have come from ITC, as was expected; But our Suggests keep under-
performing; Overall market situation is still down; Do not take
unnecessary risks; Stay Away if you are not sure.

The negative bias that we said has returned for the Nifty, in our last Update, has
taken the Nifty down from 8120 to 8040; Support at 8100 was broken down easily;
Although a slight recovery was seen from 8040 till about 8070, the downward
trend is still there and the strong Support at 8030 is now under threat; We
had not expected the Nifty to fall this much; World markets are still almost
all in red; The Rupee is still holding at 60.9200; There is no immediate
trigger responsible for this fall in our markets and it looks like plain
profit booking and release of capital before the festive season; Some
more downside is therefore expected and we only hope that 8000-level
will be held by the Nifty in closing today; Do not take any undue risks
in last hour; It is better to Stay Away now; Today we will close red.

 


 

Please also see our Today's Performance or Details page