IntradayTrade dot Net dot IN
Alerts / Updates

for Thursday, 16-Oct-2014


 

SUGGESTS:

 

BANKINDIA

 

BHEL

 

SAIL

 

ALSO SEE:

LICHSGFIN

RECLTD

TATAPOWER

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 Thursday, 16-Oct-2014

SMS Pre-Market

Suggests: BANKINDIA BHEL SAIL;
Also See: LICHSGFIN RECLTD TATAPOWER;
Valid for date: 16-Oct-2014; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 7900, 7940, 7970, 7990, 8030;
NIFTY Support levels are: 7850, 7830, 7800, 7780, 7760;

 

Pre-Market Alert: 9:15am

A negative opening is expected today for our markets tracking weak global
cues; Our markets were closed yesterday due to Maharashtra polls; Overnight,
US stocks fell sharply on continued worries about weak global demand, but
managed to close above session lows as investors continued to trim positions
on rising worries that weak global growth could hurt earnings of US companies;
Further, US retail sales and producer prices were both lower last month; European
shares also witnessed a sell-off amid growth concerns after weak export data from
Germany, Europe's largest economy; Asian shares are trading lower today morning
with Japan's again leading the pack, trading almost -2.1% lower; Most markets
are, however, making up the opening losses now; At home, we will get a bad
opening, but things are expected to become better as the day progresses; The
prospects of BJP emerging as the single largest party in these polls together
with good Q2 results expected from TCS, will help in the progress of our
markets that had again respected the Support of 7840 in the last session;
This Support is expected to hold today also and the Nifty is expected to re-
claim 7900 level again today; On the upside, 7920 is a major Resistance
that needs to be crossed; However, foreign investors continue to be net
sellers throughout this month, and this is a big worry now; Keep vigil;
Do not lose patience; Carefully pick one or two trending 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 - buy again if the upside continues;
INR-US$ is at 61.5300; WTI Crude is at $81.78

 


 

SMS-1

16Oct(10:00) Gap-down openng; Choppy around line;
See BHEL>227 SAIL>78;
Watch LICHSGFIN>333 RECLTD>259;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

Slight gap-down opening for the Nifty today at around 7840; But after opening,
the Nifty had climbed into the green and hit a high of more than 7890; Went
down again to the line at 7860; Nifty is at 7860 now, just below the line, in
the red; Choppy and range-bound trading around the line is expected now;
See these now if market upturn comes with increasing volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
BHEL 227 223 229 233 260
SAIL 78 76.50 79 80 760

Also watch LICHSGFIN>333 and RECLTD>259 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

16Oct(11:00) Mkt choppy in red; SAIL gave profit;
Watch BANKINDIA>256 LICHSGFIN>332 TATAPOWER>86
now if mkt turns up; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
BANKINDIA See > 256 Looks like a bottom has been formed at 252;
Stuck at 254 now; There is chance
BHEL This is also stuck at 222;
There might be some chances after 224
SAIL In at 78, Out at 78.50 There was some profit, but a big
downside has come after that
LICHSGFIN See > 332 Flat at 330; Can be chances here
RECLTD Flat at 255; Can be chances here
TATAPOWER See > 86 A bottom seems to have been made at 84.50;
There can be chances here after 86

Our Suggests are looking positive after a setback initially; SAIL has already given
a small off-chance profit; Be careful in such uncertain markets; Do not set your
terminal to auto-buy at our trigger value; Wait for trigger to be crossed confidently
before placing the buy order; Be quick to react if you get a good opportunity;
Take small profit and exit; Buy again if price keeps increasing;
Do not take unnecessary risks; Stay Away if you are not sure.

The Nifty has remained flat and choppy just below the line after our last update;
At 7860 now, in the red, in the 7845-7870 range; Support at 7840 is still in
force; Asian markets are still bad with all, except China, in the red; Japan is
-2.2% down; The Rupee is at 61.5050, trying to recover; We do not see much
action in the Nifty unless we get some trigger; Support at 7840-7830 should
hold and range-bound trading should continue; Be watchful in LONG;
Avoid taking big risks; Stay Away if you are not sure.

 


 

SMS-3

16Oct(12:30) Mkt in red; Going Flat; BANKINDIA gave profit;
Hold BANKINDIA>260 if in; BHEL Marginal at 224;
Watch LICHSGFIN>332 RECLTD>258; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
BANKINDIA In at 256; Out at 259.50;
Hold>260, SL-256
Expected profits have come; There is more here
BHEL In at 224
Marginal till now
There has been no progress after 224;
Go Marginal, but keep watching this
SAIL Nothing after the initial burst;
But there can be chances later
LICHSGFIN See > 332 Still very Flat at 330; Can be chances here
RECLTD See > 258 Still flat at 256; Can be chances here
TATAPOWER Choppy; Not much scope seen here anymore

Some profits have already come from 2 of our Suggests and 2 more are looking like
they might deliver; But overall market is still very flat and choppy just below the
line; Under these circumstances, if you have already made some profits in any
of the 2 Suggests, you should close shop now and go home with the profits
made; But if you are holding, and you decide to stay, keep constant vigil;
Be quick to react if you get a good opportunity; Take small profit and exit;
Buy again if price keeps increasing; Do not take unnecessary risks;
Stay Away if you are not sure.

The Nifty has remained flat and choppy just below the line after our last update,
exactly as we had predicted; Nifty at 7860 now, in the red; Fluctuating in the
7850-7870 range; Asian markets are still bad with all, including China, closing
in the red; The Rupee is still trying hard to recover and is at 61.4150 now; But
Europe is opening in the green and this might give some hope to our players; We
still do not see much action in the Nifty unless we get some trigger; Support at
7840-7830 should hold and range-bound trading should continue; However, right
at the end of the day, we expect some upside to come; Be alert and careful
if you are holding; Do not let your guard down; Do not take undue risks;
Stay Away if you are not sure.

 


 

SMS-4

16Oct(2:30) Mkt in red; Took a fall; Choppy; No Suggest
gave profit; None looks good for LONG in last hour;
Best to Stay Away now; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
BANKINDIA Falling down; Best to Stay Away now
BHEL Flat and choppy after a fall; Avoid
SAIL Going down; Best to avoid this now
LICHSGFIN Gave a surge from 332 to 333, but it was
very sudden and fast; No chance, really
RECLTD Still flat at 256; Best to avoid this now
TATAPOWER Going down; Best to avoid this also

No further progress by our Suggests; Overall market is on the down side; Not at all
conducive to Intraday Trading in LONG; It is best to Stay Away from such a market,
if you want to play Intraday in LONG; Do not take unnecessary risks;
Do not risk profits already made.

The Nifty has started to fall after our last Update, instead of going up, as we
had expected; At 7830 now, down from 7860; We had a low of 7820 some
time back; Technically, the Support at 7840-7830 is still intact; But current
momentum downwards is strong; The Support may not hold for long, and
we might see some more downside before closing today; Even, Nifty-7800
is under threat; World markets are unsupportive with Asia closing all in
red and Europe also slipping into the red; The Rupee is struggling at
61.6850; Do not take any undue risks in last hour; It is wise
to protect your profits now; Today we will close red.

 


 

Please also see our Today's Performance or Details page