IntradayTrade dot Net dot IN
Alerts / Updates

for Friday, 07-Nov-2014


 

SUGGESTS:

 

AXISBANK

 

GLENMARK

 

HEXAWARE

 

ALSO SEE:

APOLLOTYRE

BHARTIARTL

DISHTV

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, 07-Nov-2014

SMS Pre-Market

Suggests: AXISBANK GLENMARK HEXAWARE;
Also See: APOLLOTYRE BHARTIARTL DISHTV;
Valid for: 07-Nov-2014; All for LONG;
See site for Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 8370, 8400, 8450;
NIFTY Support levels are: 8320, 8300, 8270, 8230, 8200;

 

Pre-Market Alert: 9:15am

A flat-to-positive opening is expected today for our markets following good
global cues; Tracking the momentum, the Nifty is expected to test its all-
time intraday high of 8365.55 set on Wednesday; The Nifty had extended its
winning streak for the sixth consecutive session and closed at an all-time high
of 8338.30 last Wednesday as FII/FPI inflows continued on hopes of pick-up in
economic growth in coming months; Overnight, US stocks edged higher with
the Dow and S&P 500 hitting fresh record closing highs on an indication that
the European Central Bank would take more policy action if needed to boost
the euro zone economy; Asian markets are trading mostly positive today; At
home, we do not have any local cues lined up and some more consolidation
at 8300-8350 level is expected today; First Support for the Nifty is still
at 8290; And 8370 needs to be crossed for further upside;
INR-US$ is at 61.5000; WTI Crude is at $77.91

 


 

SMS-1

07Nov(10:00) Flat openng; Very Choppy;
See AXISBANK>465 DISHTV>58.30;
Watch GLENMARK>777 BHARTIARTL>385;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

Flat opening for the Nifty today around 8335; The Nifty has been very choppy after
opening today, and is at 8330 now, in the red; Slight negative bias may be coming;
Range-bound trading should come in now and we expect the Support of 8290 to
hold; See these, if market upturn comes with increased volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
AXISBANK 465 460 468 473 120
DISHTV 58.30 57 59 60 1020

Also watch GLENMARK>777 and BHARTIARTL>385 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

07Nov(11:00) Mkt in red; Recovering; 2 Suggests gave profit;
Hold AXISBANK>467 GLENMARK>792 DISHTV>58.30
if mkt upturn holds; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
AXISBANK In at 465, Out at 467
Hold>467, SL-462
There can be more here, but be careful
GLENMARK In at 777, Out at 792
Hold>792, SL-780
There can be more here also, after a pause
HEXAWARE Took a fall; Recovering; Chances after 212
APOLLOTYRE Took a fall; Recovering; Chances after 233
BHARTIARTL Negative and flat; Low chances here
DISHTV In at 58.30
Hold>58.30, SL-57.50
This is risky; Go Marginal is no movement

Our Suggests have taken an early start today and 2 have already given some profits;
AXISBANK GLENMARK can give more profits in LONG today, but we are not very
confident about DISHTV; We had to mention DISHTV as the Trigger has been
crossed, but if you have taken entry here, it is best that you exit; Be very alert
and careful about the others also, and take entry only if you are 100%
confident; Do not take unnecessary risks; Stay Away if you are not sure.

The Nifty has taken a fall after our last Update, and has bounced back from a low
of 8290; At 8320 now, in the red; Support at 8290 has proved very strong, as
was expected; Should hold on now; World markets are almost all in the green, but
the Rupee is weak at 61.5050; There are no local cues; We expect the Nifty to hold
8300-level and we do not see any good upmove till we get some trigger;
Avoid taking big risks; Stay Away if you are not sure.

 


 

SMS-3

07Nov(12:30) Mkt in red; Going Flat; AXISBANK GLENMARK
added profit; Hold GLENMARK>799; DISH TV Marginal;
Await Europe openng; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
AXISBANK Out at 472 Stuck now at 470; But there can be more
GLENMARK Out at 798
Hold>799, SL-790
There can be more profits here today
HEXAWARE Chances still there, after 212
APOLLOTYRE Going flat at 232; But keep watching
BHARTIARTL Took a fall; Recovering; Watch after 384
DISHTV Out at 58.50 This is Marginal today

AXISBANK GLENMARK gave more profits, as expected; Also as expected, DISHTV has
been a disappointment; The other three are still uncertain; AXISBANK GLENMARK
are poised to give more profits today, but like we always say, if you have made
some of the profits shown above, it is best that you take home your profits and
close trading for the day; But if you want to stay, be very alert and careful;
A sudden downside can come anytime at such high levels; Do not take
unnecessary risks; Stay Away if you are not sure.

The Nifty has remained flat and quiet around 8320 after our last Update; Support
at 8290 is still holding; Should continue to hold; Asian markets are almost all in
green; Europe is expected to open green; But the Rupee is still weak at 61.5200;
We expect the Nifty to hold 8300+ level and see some upmove if Europe opens
and trades in the green; Be alert and careful; Do not take undue risks;
Protect your profits; Stay Away if you are not sure.

 


 

SMS-4

07Nov(2:30) Mkt on the line; +ve bias; 2 Suggests gave profit;
HEXAWARE Marginal; Hold GLENMARK>803 BHARTIARTL>390
if upsurge strengthens; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
AXISBANK Still flat at 470; Avoid now
GLENMARK Out at 803
Hold>803, SL-795
Looks like a top has been reached;
Be very careful after this
HEXAWARE Marginal at 212 There was a sudden burst from 210;
But nothing after that till now;
APOLLOTYRE Nothing much happening; Avoid now
BHARTIARTL In at 384, Out at 390
Hold>390, SL-388
The recovery gave good results;
There can be more here in last hour
DISHTV Nothing much happening; Avoid now

GLENMARK gave more profits, as was expected; And BHARTIARTL has now joined the
party from behind; HEXAWARE showed some promise but could not produce any
results; At this time, both GLENMARK BHARTIARTL have become exhausted and
you should exit and take home your profits; No point in playing any further
and taking undue risks in last hour; Protect your profits and go home;
Do not take unnecessary risks.

Some upside had come for the Nifty after Europe opened in the green, but there was no
strength in this upmove as Europe is trading quiet and uncertain just around the line;
The Nifty had come up to the line at 8340 from 8320-level, but has come down again;
At 8330 now, in the red; Trading quiet and choppy; The Rupee continues to be weak,
at 61.6050 now, and this is another reason why the Nifty cannot go into the green;
Support at 8290 has held for the day; The Resistance at 8340 has also proved
strong today; We expect a closing above 8300 for the Nifty;
Today we will close red/flat.

 


 

Please also see our Today's Performance or Details page