IntradayTrade dot Net dot IN
Alerts / Updates

for Wednesday, 24-Sept-2014


 

SUGGESTS:

 

ESCORTS

 

ITC

 

SINTEX

 

ALSO SEE:

AMBUJACEM

DISHMAN

HEXAWARE

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, 24-Sept-2014

SMS Pre-Market

Suggests: ESCORTS ITC SINTEX;
Also See: AMBUJACEM DISHMAN HEXAWARE;
Valid for date: 24-Sept-2014; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 8030, 8060, 8100, 8130, 8160;
NIFTY Support levels are: 7970, 7950, 7920, 7880, 7860;

 

Pre-Market Alert: 9:15am

A flat opening and uncertain trading is expected today for our markets
tracking mixed Asian cues, ahead of the derivative Expiry tomorrow; The
Nifty fell sharply yesterday, on the back of profit booking and negative
global cues; The index lost more than one & half percent and slipped
below its crucial psychological level of 8050 and is now trading near
its key Support levels of 8000; Overnight, US stocks fell with
consumer staples leading the S&P 500 down to its third straight daily
loss tracking Europe's fall after data showed a contraction in French
business activity and slower growth in German manufacturing this month;
Asian stocks tracked an overnight decline on Wall Street and dipped on
opening; Most have now recovered and are trading in the green at this
time; At home, volatility is expected to remain high due to Expiry
tomorrow, but the main job for the Nifty will be to hold 8000-level;
If we do not fall below this in the first half today, there is good
chance of a bounce back till 8130 by Expiry; 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 60.9800; WTI Crude is at $91.56

 


 

SMS-1

24Sept(10:00) Flat openng; Going Flat, Choppy;
See ITC>377 AMBUJACEM>216.50;
Watch ESCORTS>156 SINTEX>78;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

Flat opening for the Nifty today around 8020; After opening, the Nifty
has become choppy around the line; Nifty is at 8020 now; In the green;
ITC could have already given you some profits in LONG following our
PricePoints; ITC should have been in at 374 and out at 376;
See these if market upturn comes now with increased volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
ITC 377 373 379 382 150
AMBUJACEM 216.50 214 218 220 270

Also watch ESCORTS>156 and SINTEX>78 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

24Sept(11:00) Mkt -ve & choppy; No Suggest gave profit;
Watch AMBUJACEM>213 HEXAWARE>190 now if mkt
turns up; Careful... See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
ESCORTS This has taken a fall and gone down to 148;
Flat and choppy now; Wait & Watch...
ITC Maintaining high position;
There can be more profits here today
SINTEX Opened with a big gap-up; Flat & choppy now;
Can give profits later after 77.50
AMBUJACEM See > 213 This has also taken a fall after opening;
Seems to be turning around now
DISHMAN Like many others, has gone down and is
turning around now; Chances after 175
HEXAWARE See > 190 This is also turning around after
a fall; Watch carefully

Our Suggests have not shown much promise today till now; Almost all of them have
taken a fall after opening and reached a bottom; While some are showing signs
of turning up now, the general market position is still flat & choppy; Our
Suggests can give profits from here if the Nifty helps and turns up;
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, and a
bottom of 7980 was reached; But that has been negated and a recovery
is being staged now; Nifty is at 8010, in the red; First Support at 7970
has come into play and is holding now; Asian markets are still mostly in
the green and Europe is also expected to open green; But the Rupee has
marginally slipped past 61 and is at 61.0350 now; We expect the Nifty to
get back into the green zone and maintain range-bound trading till we
get some trigger; Be watchful in LONG; Avoid taking big risks;
Stay Away if you are not sure.

 


 

SMS-3

24Sept(12:30) Mkt in red & flat; None gave profit;
Hold ITC>377 if in; Others are stuck; None looks good
for LONG now; Await Europe openng; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
ESCORTS Has gone down below 148 after last Update;
But still, there can be chances later
ITC Hold> 377, SL-373 This looks like the most probable to
give some profits today; But be careful
SINTEX Maintaining position after good opening;
But no good in intraday; Avoid now
AMBUJACEM Stuck solidly at 212;
Might suddenly turn up sharply
DISHMAN This is also stuck at 173; But there
are less chances here of a sudden rise
HEXAWARE A slow downside is seen from 190;
But this can also turn up anytime now

None of our Suggests have given any profits following our levels today till now; The
only possible profits that have been shown today, came following PricePoints before
our first Update. This ITC is still the best candidate for giving some profits at this
time; Some others are also showing promise and some thing might come if the
Nifty helps and turns up; But be very careful, as market is choppy; Do not
take unnecessary risks; Stay Away if you are not sure.

The Nifty has remained range-bound around the line since opening today; This
was expected by us; Nifty is at 8005 now, in the red, but holding the 8000-level;
The broad range has been 7980-8030; World markets are still supportive with
Asia closing mostly green and Europe opening all in green; The Rupee is also
stable and at 60.9680 now; But there are no domestic cues to take our market
higher, except some feel-good items like Mangalyaan and hype about PM Modi's
US visit; As said earlier, we expect the Nifty to maintain range-bound trading
till we get some trigger; The Support at 7970 should hold; Be very careful
in LONG; Do not take undue risks; Stay Away if you are not sure.

 


 

SMS-4

24Sept(2:30) Mkt in red; Choppy; ITC added profit; Hold
ITC>378; No other looks good for LONG now; All can
profit if mkt turns up in last hour; See Site -INTDAY

 

Update-4: 2:40pm

Suggest Action - for LONG Comments
ESCORTS At 146 now; There is still chance
for profits in last hour
ITC Out at 378
Hold>378, SL-375
There can be more here
SINTEX Reached a low of 74.50;
Best to avoid this now
AMBUJACEM Still stuck at 212;
Still has chances of giving profits today
DISHMAN There was some upside that did not hold;
Be very careful about false hopes
HEXAWARE This is also looking like going up;
Be very careful about false hopes

Although we have said above there is hope in many of our Suggests in the last hour,
only ITC looks confident about adding profits; For the others, be very careful as
there can be false starts; Market is choppy due to Expiry tomorrow; Do not
take unnecessary risks; Stay Away if you are not sure.

The Nifty had gone down to touch 7950, much below the broad range of 7980-8030
that it was in today; However, after that low, the Nifty is now staging a comeback
and is already up and back at 7990 now; Still in the red; The sudden fall came
when the SC cancelled the allocation of 214 coal blocks allotted since 1993; But
the market realised the good side of this, and is coming back into the green; World
markets have now turned mixed with Asia closing mostly green; Europe is turning
slowly red; But the Rupee is still holding at 60.9500; We still expect the Nifty
to maintain range-bound trading and the Support at 7970 should hold again
now; Today also, we only hope that 8000-level will be held by the Nifty in
closing; Do not take any undue risks in last hour; It is better to Stay
Away now, unless you are holding ITC; Today we will close flat/green.

 


 

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