IntradayTrade dot Net dot IN
Alerts / Updates

for Wednesday, 08-Oct-2014


 

SUGGESTS:

 

ESCORTS

 

PTC

 

TATACOMM

 

ALSO SEE:

BHEL

HDIL

IDEA

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, 08-Oct-2014

SMS Pre-Market

Suggests: ESCORTS PTC TATACOMM;
Also See: BHEL HDIL IDEA;
Valid for date: 08-Oct-2014; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 7880, 7910, 7940, 7970, 7990;
NIFTY Support levels are: 7820, 7780, 7760, 7730, 7690;

 

Pre-Market Alert: 9:15am

A flat-to-negative opening is expected today also for our markets tracking
negative global cues; Yesterday, our markets saw another bad day of profit
booking after the recent run up; The Nifty has breached its 50-day DMA
and further downside in the near term can't be ruled out; However, the
Support at 7850-7840 was respected at closing yesterday; Overnight,
US stocks ended sharply lower with major indexes falling -1% as weak
data out of Germany raised concerns about the strength of global growth
ahead of the start of earnings season; Asian markets are trading deep in
red today morning on global concerns with Japan over -1.4% down; Back
home, there is talk of more downside coming if Nifty Support at 7840-
7830 is breached today; Trading is expected to be choppy and uncertain
as there are no domestic cues; Keep strong vigil and do not lose
patience; Carefully pick one or two stocks and then track them
diligently; Consider all possible angles before you buy; Act
quickly when you get a good chance; Take small profits
and Exit; Repeat, if prices keep increasing;
INR-US$ is at 61.4330; WTI Crude is at $88.85

 


 

SMS-1

08Oct(10:00) Gap-down openng; Choppy around line;
See TATACOMM>372 BHEL>201;
Watch PTC>83.25 HDIL>83.25;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

Another slight gap-down opening for the Nifty today around 7830; After
opening, the Nifty has become choppy and uncertain around the line at
7850; Nifty is at 7850 now, in the red; Range-bound trading is expected
now; See these if market upturn comes now with increased volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
TATACOMM 372 366 374 378 160
BHEL 201 197 203 207 290

Also watch PTC>83.25 and HDIL>83.25 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

08Oct(11:00) Mkt flat; BHEL gave profit; Hold BHEL>205
if in; Watch ESCORTS>155 TATACOMM>368
now if mkt turns up; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
ESCORTS See > 155 There was a fall after opening;
Recovering now; But be careful...
PTC Hovering around 83 and can cross
the trigger, but this is risky today
TATACOMM See > 368 This also seems to be recovering after
a fall; Wait & Watch, but be careful
BHEL In at 201, Out at 205
Hold>205, SL-200
Steady increase after opening has
given some profits; Can be more
HDIL This seems to be turning around after
a fall; But going will be risky
IDEA There is a steady fall since opening;
But a turn-around can come anytime

One of our Suggests has given some profits and some others are showing promise
now; But the going will be risky as the overall market is shaky and uncertain;
Such dry, flat markets are always risky for intraday trading in LONG; But odd
chances can always come; Be very careful; Stay Away if you are
not sure of your actions; Do not take unnecessary risks.

Like yesterday, our market is flat, choppy and uncertain; But unlike yesterday,
a slight positive trend seems to be developing; Support at 7830-7850 is
still holding; This will hold, we feel; The Nifty is at 7860 now, in the green;
Asian markets are still badly down; The Rupee is steady at 61.4650; There
are no domestic cues expected; Nothing much can be expected in these
conditions, but the prospects will be good if the Nifty can hold the slight
positive trend seen and remain in the green; Be watchful in LONG;
Avoid taking big risks; Stay Away if you are not sure.

 


 

SMS-3

08Oct(12:30) Nifty in red; Going down; PTC gave profit;
No Suggest looks good for LONG now;
Await Europe openng; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
ESCORTS No recovery has come; Has fallen, instead;
Low chances seen here, at this time
PTC In at 83.25, Out at 83.75 Some profits have come following our
earlier levels; Nothing more seems likely
TATACOMM No recovery; Going flat and quiet;
Low volume; Low chances seen here
BHEL Has come down to 203; Can level out
here and go up if Nifty improves
HDIL No turn-around has come here also;
But there is some chance later
IDEA Steady fall continues;
Low chances seen here

Again, against the market trend, another Suggest has given some profits following
our earlier levels; But it would have required an expert hand to get these profits;
No Suggest looks good at this time, for profits in LONG, unless the Nifty levels out
and starts to move up; Remember, odd chances can always come; Be very careful;
Do not take unnecessary risks; Stay Away if you are not sure of your actions.

Instead of developing a positive trend and staying in the green, as we expected
in our last Update, the Nifty took a 40-point fall from 7865 down to 7825;
The Support at 7830 was tested and is now holding; The Nifty is at 7830 now,
in the red; Asian markets remain in the red; Europe is scheduled to open also in
the red; The Rupee is just holding on to 61.4525 now; There are no domestic cues;
We expect the Nifty to hold the Support at 7830 and improve from here; How far
we can go, is not certain; Be very careful in LONG if you want to enter
this market; Do not take undue risks; Stay Away if you are not sure.

 


 

SMS-4

08Oct(2:30) Mkt in red; Going down; No Suggest gave
profit; None look good for LONG now; Best to Stay Away
from this mkt now; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
ESCORTS Flat and uncertain around 152; Avoid
PTC No further progress after last Update;
Low chances seen in last hour
TATACOMM Still choppy and quiet;
Low volume; Avoid
BHEL Showing steady downside after initial
profits; Low chances seen in last hour
HDIL Flat, choppy and Uncertain; Avoid
IDEA Steady fall continues; Avoid

No Suggest has given any profits after our last Update, and none looks good at this
time, for profits in LONG, unless something drastic happens and the Nifty starts to
move up; But, as we always say, odd chances can always come; But it is best to
Stay Away from this market now, specially if you have already made some
profits; Do not take unnecessary risks.

The Nifty has stayed flat and choppy in the large 7810-7850 range since our last
Update, signalling that it is not sure which way to go; The Nifty had climbed up
to the line at 7850 after our last Update, only to come down again to 7810; At
7830 now, in the red; The fight between the Bulls and the Bears continue; The
Support at 7830 has not been technically breached as yet; We feel it will hold
for the day; Global situation remains unchanged fully in red and the Rupee
is still steady at 61.3250; But oil prices are falling fast; This might have an
effect now, and our expected upsurge just before closing might still come;
Be careful in LONG in this uncertain market; Do not take any undue risks
in last hour; It is better to Stay Away now; Today we will close flat/red.

 


 

Please also see our Today's Performance or Details page