IntradayTrade dot Net dot IN
Alerts / Updates

for Friday, 17-Oct-2014


 

SUGGESTS:

 

ITC

 

NMDC

 

PETRONET

 

ALSO SEE:

BHEL

COALINDIA

HDIL

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 Friday, 17-Oct-2014

SMS Pre-Market

Suggests: ITC NMDC PETRONET;
Also See: BHEL COALINDIA HDIL;
Valid for date: 17-Oct-2014; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 7790, 7840, 7870, 7900, 7940;
NIFTY Support levels are: 7730, 7690, 7660, 7630, 7600;

 

Pre-Market Alert: 9:15am

A flat-to-positive opening is expected today for our markets tracking mixed
Asian cues; The Nifty yesterday fell by over 115 points and closed at the day's
low below its crucial psychological Support levels of 7800 and 7750, pushed
down by weakness in global markets; This closing has confirmed trend reversal,
and further weakness is now possible till 7660; Overnight, US stocks ended
higher as economic data eased fears about the potential effect of a weakening
global economy on the United States; Asian markets are trading mixed today
morning with Japan and China both down more than -1%; At home, TCS gave
below expected Q2 results yesterday after market hours; The persistent fall
in crude oil prices and the massive sell-off by FIIs/FPIs in our markets are
expected to influence trading pattern today; Global cues are expected to
continue calling the shots as we have no domestic inputs lined up except
Q2 results; There is Support now at 7730, and below that, at 7690
which we feel will be the limit today on the downside; On the upside,
7840-7860 zone will be difficult to cross today; Keep constant 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 61.6800; WTI Crude is at $82.70

 


 

SMS-1

17Oct(10:00) Flat openng; Flat just above line;
See ITC>359 PETRONET>189;
Watch BHEL>225 COALINDIA>354;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

Flat opening for the Nifty today at around 7740; After opening, the Nifty
has remained flat and quiet just above the line at 7760-level; In the
green; Flat and range-bound trading around the line is expected now;
A slight positive bias may also come in; See these now if market
upturn comes with increasing volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
ITC 359 356 361 365 160
PETRONET 189 186 192 195 310

Also watch BHEL>225 and COALINDIA>354 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

17Oct(11:00) Nifty flat on the line; 1 Suggest gave profit;
Hold ITC>359 NMDC>159 BHEL>225 if in;
Others do not look good for LONG now; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
ITC In at 359
Hold>359, SL-356
Keep constant vigil; Go Marginal if
there is no movement in next half-hour
NMDC In at 158, Out at 159
Hold>159, SL-157
Entry following PricePoints;
Here also, get out if no movement
PETRONET Low chances seen here at this time
BHEL In at 225
Hold>225, SL-222
This has also got stuck; With this
also, get out if no movement comes soon
COALINDIA Going down steadily; Can turn around later
HDIL Going down steadily; Low chances seen here

Trigger levels have been hit by several Suggests; For one, the entry was following
PricePoints; Normally, our members should not have taken entry with any of these
Suggests, as the Trigger levels were not crossed confidently; However, if you had
set your terminal to auto-buy at the trigger levels, and you have already taken
entry with any of these Suggests, it will be best to go Marginal with them as
the general market conditions are not suited for intraday trading in LONG;
Do not take unnecessary risks; Stay Away if you are not sure.

The Nifty is starting to develop a negative bias, instead of the positive one we
spoke about in our last Update; The Nifty is at 7750 now, just on the line; Some
downside might come now; Asian markets are still mixed with China and Japan both
over -1% down; The Rupee is holding at 61.6050; There is Support now at 7730,
and below that, at 7690; We do not see any strong downside below 7730 unless
we get some negative trigger; In any case, 7690 should definitely hold;
Be watchful; Avoid taking big risks; Stay Away if you are not sure.

 


 

SMS-3

17Oct(12:30) Mkt in green; Going up; NMDC BHEL gave
profit; ITC Marginal; Hold NMDC>161 BHEL>227 if in;
Others not good; Await Europe openng; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
ITC Marginal at 359; Or,
In at 359, Out at 356
Marginal if had got out at the right time;
Otherwise this would have got into loss
NMDC Out at 160.50
Hold>161, SL-158
Some more profits have come;
There can be more here
PETRONET Low chances seen here today
BHEL Out at 227
Hold>227, SL-224
Some profits have come;
There can be more here
COALINDIA A bottom seems to have been reached
at 346; Can turn around now
HDIL Going down; But this can also turn around

ITC will be recorded as a loss today as prices went down suddenly to hit StopLoss; If
you had not come out Marginal initially, there was no real chance to get out later when
the price started to fall; Others have given adequate profits, and can give more; If
you have been unfortunate to get into a loss with ITC, maybe you can make up with
the progress in the other Suggests; However, if you have escaped ITC and made some
profits in any of the other Suggests, you should consider closing 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 downside was stopped by the Support at 7730, and the index had started
to move up from there after our last Update; The Nifty has moved up into the green
and has reached 7780; This is a Resistance area and will have to be crossed for
further upside; Asian markets are closing mixed with China and Japan both down;
The Rupee is holding at 61.5855; But Europe has opened in the green, and that has
given our market an upward push; However, we do not see any strong movement
above 7790 unless we get some trigger; This 7730-7790 will be the range today,
we feel; 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

17Oct(2:45) Mkt in green; +ve bias; 2 Suggests gave profit;
Hold BHEL>227.50 HDIL>77 if still in; ITC can
still makeup in last hour; See Site -INTDAY

 

Update-4: 2:45pm

Suggest Action - for LONG Comments
ITC There is chance of making up the
losses after 357 in last hour
NMDC No movement after last Update
PETRONET There was some movement,
but we had not tracked this
BHEL Out at 227.50
Hold>227.50, SL-224
Small profits have been added;
There can be more here
COALINDIA Very slow upward movement seen;
But we are not tracking this
HDIL In at 74.50; Out at 77
Hold>77, SL-75
This has turned around, as was expected;
There can be more here today

Small profits have been added by BHEL and a new entry has come from HDIL following
PricePoints; Both these are capable of giving more profits in LONG in the last hour
following the general market conditions; If market keeps going up in the remaining
time today, even ITC may give some chance to make up the earlier losses; But
chances are slim; If you are holding BHEL HDIL, keep constant vigil; Take
small profit and exit; Do not risk profits already made.

The Nifty has done very well in the last one-hour, pushed up by good opening in
European markets; From a low of 7720, the Nifty is at 7810 now, in the green;
Almost a 100-point steady increase; There is more to come; Resistance at 7780
has been crossed confidently; Next Resistance is at 7840; That might be difficult
to cross today; In fact, we did not expect the Nifty to cross the 7780-7800 zone
without any trigger; Now that that level has been crossed, the immediate task
for the Nifty will be to hold 7800 on closing today; Might be difficult as
we have no triggers; Do not take any undue risks in last hour; It is
wise to protect your profits now; Today we will close green.

 


 

Please also see our Today's Performance or Details page