IntradayTrade dot Net dot IN
Alerts / Updates

for Wednesday, 29-Oct-2014


 

SUGGESTS:

 

AMBUJACEM

 

ESCORTS

 

PTC

 

ALSO SEE:

BHEL

IRB

ORIENTBANK

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, 29-Oct-2014

SMS Pre-Market

Suggests: AMBUJACEM ESCORTS PTC;
Also See: BHEL IRB ORIENTBANK;
Valid for date: 29-Oct-2014; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 8060, 8100, 8130, 8160, 8180;
NIFTY Support levels are: 7980, 7950, 7920, 7880, 7850;

 


 

SMS-1

29Oct(10:00) Gapup openng; Going good;
See ESCORTS>175 ORIENTBANK>281.50;
Watch AMBUJACEM>227 IRB>257.50;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

A 40-point gap-up opening for the Nifty today around 8070; Going good
now with a slight positive bias; Nifty at 8070 in the green; The Resistance
at 8060 has been crossed at opening; Next Resistance is the psychological
barrier at 8100; See these, if market upturn holds now with volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
ESCORTS 175 172 177 179 340
ORIENTBANK 281.50 276 284 288 210

Also watch AMBUJACEM>227 and IRB>257.50 if upsurge
holds now; Take position in above scrips only if you are
absolutely confident; All for LONG; Stay Away if not sure.

 


 

SMS-2

29Oct(11:00) Mkt +ve & flat; No Suggest gave profit;
Watch ESCORTS>173 IRB>256 ORIENTBANK>278
now if mkt turns up; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
AMBUJACEM Had taken a fall; Recovering; Watch after 226
ESCORTS See > 173 At 171 now, after slight fall; Watch this
PTC Not showing much promise; Low chances now
BHEL Going down steadily; Avoid, for now
IRB See > 256 Recovering after going down; Watch this
ORIENTBANK See > 278 Recovering after going down; Watch out

We are back to the same story of the last few days: good gap-up opening, then range-
bound trading in the green, holding opening gains; But this is of no help for intraday
traders; Be very careful today; Do not set your terminal to auto-buy at the trigger
we have given; Wait for trigger to be crossed confidently; Then wait some more, to
confirm the uptrend; Then take small profit and exit; Buy again, if uptrend
continues; Be very alert and careful; Do not take unnecessary risks;
Stay Away if you are not sure.

The slight positive bias we saw at the opening, has vanished; The Nifty is flat and
choppy in the 8050-8080 range after our last Update; The Resistance at 8060 is
back in play, and technically not crossed as yet; There is Support at 8040-8030;
Global markets are absolutely all in the green; The Rupee is holding at 61.2650;
There are no local cues; We expect the Nifty to hold opening gains and trade
in the current range unless we get some trigger; Support at 8030 should
hold; Be watchful; Avoid taking big risks; Stay Away if you are not sure.

 


 

SMS-3

29Oct(12:30) Mkt in green; Going Flat; ORIENTBANK
gave profit; No Suggest looks good for LONG now;
Await Europe openng; Be careful today; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
AMBUJACEM Slight upward bend; Watch this
ESCORTS Flat & Choppy; Not much scope seen now
PTC Low volume and quiet; Low chances seen
BHEL Very flat at 253.50; Not much chance seen
IRB Flat & Uncertain; Low chances seen
ORIENTBANK In at 278, Out at 280 Has taken a big fall after expected
profits; Can turn around again

Bad performance by our Suggests continues; None of the 6 are giving good profits;
Yesterday also, it was the same story; We were rescued by AMBUJACEM and BHEL
yesterday, and today ORIENTBANK has come to our rescue with some sudden profits;
But the overall market still remains flat and choppy and risky for intraday trading;
Be very alert and careful if you want to enter this market now; Do not
take unnecessary risks; Stay Away if you are not sure.

The Nifty remains flat and choppy in the 8050-8080 range since opening today;
The Resistance at 8060 is shifted to 8080, and is still holding; So is the Support at
8040-8030; Global markets are still all in the green with Europe expected to open
good; The Rupee is still holding at 61.3250; As before, we expect the Nifty to hold
opening gains and trade in the current range; But some profit-booking downside
might come in if there are no positive inputs in the next 1-hour; Support at 8030
will be tested; 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 are not sure.

 


 

SMS-4

29Oct(2:30) Mkt in green; Quiet & Range-Bound; No Suggest
gave profit; None looks good for profits in LONG in
last hour; Best to Stay Away now; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
AMBUJACEM Slight upward bend still seen; There
is scope here, but best to avoid now
ESCORTS Going down; Avoid
PTC Low volume and quiet; Avoid
BHEL Still very flat; Avoid
IRB Choppy & Uncertain; Avoid
ORIENTBANK Flat & Uncertain; Avoid

Bad performance by our Suggests continues; None has given any profits after last
Update and none looks good for LONG now in the last hour; Overall market still
remains flat and choppy and risky for intraday trading; Best to avoid any trading
now; If you have not made any profits today with ORIENTBANK, no worry, as it
is better to go profit-less, rather than get into a loss; Do not take unnecessary
risks in last hour; Stay Away if you are not sure.

The Nifty is still flat and choppy in the 8050-8080 range since opening today; The
Resistance at 8080 is still holding; So is the Support at 8040-8030; Global markets
all in the green with Europe joining in with the rally; India is also included as
it has gained in opening and is holding the gains; Good for positional traders, but
no use for us intraday traders; We expect good global cues to have some effect
here before closing today; But 8080 will be difficult to cross; Do not
take any undue risks in last hour; Today we will close green.

 


 

Please also see our Today's Performance or Details page