IntradayTrade dot Net dot IN
Alerts / Updates

for Tuesday, 21-Oct-2014


 

SUGGESTS:

 

AXISBANK

 

IDEA

 

RECLTD

 

ALSO SEE:

COALINDIA

HEXAWARE

TVSMOTOR

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, 21-Oct-2014

SMS Pre-Market

Suggests: AXISBANK IDEA RECLTD;
Also See: COALINDIA HEXAWARE TVSMOTOR;
Valid for: 21-Oct-2014; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 7900, 7930, 7970, 7990, 8030;
NIFTY Support levels are: 7850, 7830, 7800, 7780, 7750;

 

Pre-Market Alert: 9:15am

A flat-to-positive opening is expected today for our markets tracking positive
US cues but mixed Asian markets; The Nifty yesterday opened 100-points gap-
up following positive cues from global peers and positive developments back
home; The Indian markets pared most of the losses of last week as BJP win in
assembly elections and oil & gas reforms boosted sentiment; The market then
held on to the opening gains in range-bound and flat trading; Overnight, US
stocks ended higher with the S&P 500 up for the 3rd straight day on investor
hopes for a strong earnings season, but IBM's disappointing results limited
gains; Asian stocks are trading mixed today morning in cautious trade after
China GDP report; At home, the govt decision to e-auction confiscated
coal blocks to steel, power, cement producers and the return of FII/FPI
investment are very positive signs; Again, with a good opening today, the
important milestone of 7900 for the Nifty may be covered at the opening
itself, but like yesterday, we will have to ensure that the level is held
throughout the day; Should not be a problem, we feel, if FII/FPI inflows
continue today; In fact, we expect a pre-Diwali push towards 7970 by
Nifty; There is good Support now at 7850-7860; Keep constant vigil;
Do not get over board; Carefully pick one or two trending stocks and
then track them constantly; 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 61.2400; WTI Crude is at $82.71

 


 

SMS-1

21Oct(10:00) Gap-up openng; Going Up;
See AXISBANK>424 RECLTD>285;
Watch HEXAWARE>183.50 TVSMOTOR>255;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

A 20-point gap-up opening for the Nifty today at around 7900; After opening,
the Nifty has maintained a positive trend and is just below 7920 now; In the
green; There is Resistance at 7930 which has to be crossed now; Meanwhile,
RECLTD should have given you some profits in LONG following PricePoints;
RECLTD should have been in at 280 and out at 284; If still in, Hold>285
StopLoss at 280; Otherwise, See these now if market upturn holds now:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
AXISBANK 424 421 427 430 140
RECLTD 285 280 288 290 210

Also watch HEXAWARE>183.50 and TVSMOTOR>255 if upsurge
strengthens now; Take position in above scrips only if you are
absolutely confident; All for LONG; Stay Away if not sure.

 


 

SMS-2

21Oct(11:00) Mkt +ve & flat; RECLTD added profit;
Hold RECLTD>294 if in; AXISBANK Marginal;
Watch IDEA>162 TVSMOTOR>255 if mkt turns
up again; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
AXISBANK In at 424 Best to go Marginal in this
IDEA See > 162 Going up from a low of 158.50;
Some chances seen at this time
RECLTD Out at 294
Hold>294, SL-290
Some profits have come; There is more here
COALINDIA Flat & Choppy; Low chances here
HEXAWARE Stuck at 188+; Low chances seen at this time
TVSMOTOR See > 255 This can give good chances

All our Suggests today look tentative, including RECLTD; We will ask our members to
be very careful from here onwards as the peak seems to have been reached; Specially
AXISBANK - it is best to go Marginal now; IDEA and TVSMOTOR are also risky; Wait
for trigger to be passed confidently; Then wait some more to confirm that uptrend
is established before you buy; Do not take unnecessary risks;
Stay Away if you are not sure.

A good opening, and then good progress for the Nifty until the Resistance at 7930;
Nifty at 7925 now, going flat around 7930 for some time; This level has stopped
progress now; There will be some consolidation here, we feel, but Nifty-7900 is
in no danger of being breached just now; Asian markets are mixed, but key markets
have become red with Japan almost -2% down; The Rupee is holding at 61.2750;
And China has posted worst growth figures since 2008; This might have some
negative impact in our markets; But 7900 is also good Support; Be watchful;
Avoid taking big risks; Stay Away if you are not sure.

 


 

SMS-3

21Oct(12:30) Mkt in green; Choppy; -ve bias;
RECLTD HEXAWARE gave profit; No Suggest looks
good for LONG now; Await Europe openng; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
AXISBANK MARGINAL at 424 No action after last Update
IDEA MARGINAL at 162 Trigger was touched; Nothing after that;
But this can flare up if overall market improves
RECLTD Out at 295 Flat at 290; But there can be more
here if Nifty starts to rise again
COALINDIA Chances of upside after 357
HEXAWARE In at 183.50, Out at 186.50 Sudden upsurge gave sudden profits;
Now stuck at 186; Can jump again
TVSMOTOR MARGINAL at 255 Trigger was touched briefly; Here also,
there can be chance if overall market improves

Profits shown for HEXAWARE would have required an expert hand to actually get them;
As we had warned in our last Update, all our Suggests today look tentative, and we ask
our members to be very careful; The overall market has started to fall after that and
our stand is vindicated; 3 of our Suggests have just touched Trigger, did not cross
with confidence - no question of taking any position in them; But they will be reported
as Marginal today; Situation is bad now for intraday trading in LONG; But odd chances
can always come your way, like HEXAWARE; 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.

Unlike yesterday, the Nifty has not been able to hold the opening gains and has started
to fall after our last Update; At 7885 now, just above the line, still in the green; Has
come down from the day's high of 7930; Support at 7900 has been breached; Next
Support is at 7850; There is a small but definite negative bias seen; Asian markets
are mostly negative and Europe is also expected to open mostly in red; The Rupee
is holding at 61.3000; Bad China data is taking its toll; And the stalemate between
BJP and Sena in Mumbai is also not helping; We expect some more downside now,
but not till 7850; The Nifty should flatten out now and give an upward push before
the day is over; Be alert and careful if you want to enter now; Do not let your
guard down; Do not take undue risks; Stay Away if you have made some
profits already today; Stay Away if you are not sure.

 


 

SMS-4

21Oct(2:30) Mkt in green; Flat & Choppy; HEXAWARE
TVSMOTOR gave profit; IDEA Marginal; HEXAWARE>188
TVSMOTOR>260 good for more in last hour; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
AXISBANK Flat & Choppy after last Update; Avoid
IDEA MARGINAL at 162 Flat and quiet after last Update; Avoid
RECLTD A downward trend has now come in; Avoid
COALINDIA There was some action at 355, but
we did not track at that level
HEXAWARE Out at 188
Hold>188, SL-185
But the going will be risky from here
TVSMOTOR Out at 260
Hold>260, SL-256
Here also, the going is risky from here

Some more profits have come from HEXAWARE and TVSMOTOR as the Nifty staged a
recovery from the line; But we still say that the going is risky for our Suggests, even
for these two; Do not take unnecessary risks; Do not risk profits already made;
Stay Away if you are not sure.

The Nifty has done very well and has come back above 7900-level from a low of 7870
after our last Update; Touched a high of 7930; At 7920 now, in the green; Europe
trading in the green has done its job; BJP's decision for Haryana has also helped;
But Maharashtra is still uncertain and this is pulling our markets back; 7900 for
the Nifty needs to be protected at closing today; Looks possible if we do not get
any negative inputs, globally or domestically; We expect side-wise trading now,
and a closing above 7900 today; 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