IntradayTrade dot Net dot IN
Alerts / Updates

for Monday, 24-Nov-2014


 

SUGGESTS:

 

AMBUJACEM

 

BHEL

 

HINDALCO

 

ALSO SEE:

JINDALSAW

KTKBANK

VOLTAS

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 Monday, 24-Nov-2014

SMS Pre-Market

Suggests: AMBUJACEM BHEL HINDALCO;
Also See: JINDALSAW KTKBANK VOLTAS;
Valid for: 24-Nov-2014; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 8490, 8530, 8570;
NIFTY Support levels are: 8450, 8410, 8370, 8350, 8320;

 

Pre-Market Alert: 9:15am

A positive opening is expected for our markets today following positive cues
from other Asian markets; Tracking the momentum, the Nifty is expected
to head higher and hit its next crucial level of 8500 in trade today; On last
Friday, our markets scaled fresh all-time highs led by a strong rally in the
banking sector following Kotak Mahindra Bank's acquisition of ING Vysya;
Further, strength in the global markets lifted the sentiments of traders;
All major world markets ended positive on Friday last in anticipation of
more action by the ECB; In Asia, share markets are broadly higher today
morning as on the prospect of further policy stimulus in China and Europe;
At home, markets will be closely tracking developments at the month-long
winter session of parliament which begins today; Nearly 67 bills are to be
placed before it; On the macro front, the RBI is scheduled to release CAD
numbers for Q2/14-15 later today; For the Nifty, 8350 remains a strong
Support, and the trend will remain positive as long as this is held; 8450-
8460 will also act as Support now; On the up-side, we are in uncharted
territory and 8530 is an expected Resistance; This 8450-8530 is
expected to be the range today with an upward bias;
INR-US$ is at 61.6750; WTI Crude is at $76.51

 


 

SMS-1

24Nov(10:00) Gap-up openng; Going Flat;
See HINDALCO>167.50 VOLTAS>285;
Watch BHEL>257 JINDALSAW>108.50;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

Good gap-up opening for the Nifty today above the crucial 8500-mark; Another
life-time high has been created by the Nifty at the opening itself; Trading
has been quiet and flat just above 8500 after opening; Nifty at 8510 now,
in the green; We expect range bound trading around 8500 till we get some
trigger; See these, if market upturn continues now with good volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
HINDALCO 167.50 165 169 171 350
VOLTAS 285 280 287 289 210

Also watch BHEL>257 and JINDALSAW>108.50 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

24Nov(11:00) Mkt +ve & flat; 2 Suggest gave small profits;
Hold BHEL>258 JINDALSAW>109; Watch HINDALCO>167.50
KTKBANK>145 now if mkt turns up; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
AMBUJACEM Going flat & choppy; But can turn up later
BHEL In at 257, Out at 258
Hold>258, SL-254
This has slight positive bias; Can give more
HINDALCO See > 167.50 There can be chance here; But be careful
JINDALSAW In at 108.50, Out at 109
Hold>109, SL-107
This is also showing signs of going up; Careful
KTKBANK See > 145 This may go up also, but this might be risky
VOLTAS Going down; Avoid for now

Our Suggests today are a mixed bag; BHEL is the only one that is showing actual signs
of progress; All the others look risky; Be very careful with all of them today; Wait
for triggers to be crossed with confidence before you even consider to buy; Be very
alert; Do not take unnecessary risks; Sudden downside due to profit booking can
come anytime at such high levels; Stay Away if you are not sure.

The Nifty has remained flat and quiet around 8500 since our last Update, exactly
as we had predicted; No particular bias is seen at this time; Nifty is at 8510 now,
in the green; Previous all-time high of 8489.80 has been replaced by 8529.00
just after opening today; The immediate task for the Nifty is to hold 8500-mark;
World markets have been helpful with all major markets in the green; The Rupee
is also recovering at 61.6850 now; This is totally uncharted territory, and there
are no fixed boundaries; But 8530 is working as a Resistance; For intraday
now, be careful in LONG if holding or entering fresh; Avoid taking big
risks; Stay Away if you are not sure.

 


 

SMS-3

24Nov(12:30) Mkt in green; Going Flat; BHEL gave profit;
Hold BHEL>259 if in; No other looks good at this time;
Await Europe openng; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
AMBUJACEM Very choppy & Uncertain; Avoid for now
BHEL Out at 259
Hold>259, SL-256
This has flattened out; Be careful, if holding
HINDALCO Just touched trigger at 167.50; Then nothing;
But there can be still some chances here
JINDALSAW Out at 109.40 Not much action; But more can come here
KTKBANK Going down; Avoid for now
VOLTAS Going down; Avoid for now

As we said before, our Suggests are a mixed bag today; BHEL is performing OK, and
HINDALCO JINDALSAW are showing promise; Other three are duds today and are risky;
As we said before, be very careful with all of them today; Do not take unnecessary
risks; Sudden downside due to profit booking can come anytime at such high
levels; Protect your profits made till now; Stay Away if you are not sure.

The Nifty is doing well to hold such high levels; Still at 8510, in the green;
Trading in the narrow 8500-8515 range since our last Update; There is Support
at 8460-8450 and Resistance at 8530; But the immediate task is still to hold on
to 8500-level for the Nifty; World markets are still supportive as almost all are in
green, but Europe is expected to open lower due to Iran-OPEC talks; The Rupee
is also slightly lower at 61.7988 now; Even then, we expect the Nifty to hold
8500-level and test the Resistance at 8530 before closing today, unless we
get some negative trigger; Be alert and careful; Do not take undue
risks; Stay Away if you are not sure.

 


 

SMS-4

24Nov(2:30) Mkt green; +ve bias; AMBUJACEM JINDALSAW
gave profit; HINDALCO Marginal; Hold JINDALSAW>111;
No other good for LONG in last hour; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
AMBUJACEM In at 228, Out at 230 We said 'Avoid', but chance came via
PricePoints; Going flat now, but can give more
BHEL No progress after last Update; Going flat and
quiet now; Low chances seen in last hour
HINDALCO Marginal at 167.50 Touched a high of 168; Then down again
JINDALSAW Out at 110.70 Going down now; Low chances in last hour
KTKBANK Flat & Quiet after going down; Avoid
VOLTAS Flat after going down; But might turn up

AMBUJACEM has come out to join BHEL and JINDALSAW in giving some profits today;
HINDALCO is still Marginal; Overall market is looking good in last hour, so these
Suggests might add some profits at the end; But be very careful and protect your
profits made till now; Do not take unnecessary risks; Stay Away if you are
already in profit; Stay Away if you are not sure.

The Nifty is doing well indeed - not only has it succeeded to hold on to the 8500
level, it has also developed a positive bias and is now testing the Resistance at
8530; Nifty is at 8525 now, in the green, coming up from a low of 8490 touched
at about 10:30am; World markets are still very supportive as Asia is closing all in
green, and Europe has all turned green now after starting in the red; The Rupee is
holding at 61.8050; We are again approaching another life-time intraday as well
as closing high for the Nifty; 8550 is now the target for the Nifty and we might
just get there; Do not take unnecessary risks in the last hour; Protect your
profits; Stay Away if you are not sure; Today we will close green.

 


 

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