IntradayTrade dot Net dot IN
Alerts / Updates

for Friday, 05-Dec-2014


 

SUGGESTS:

 

ALBK

 

ARVIND

 

ITC

 

ALSO SEE:

HEXAWARE

PETRONET

SAIL

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, 05-Dec-2014

SMS Pre-Market

Suggests: ALBK ARVIND ITC;
Also See: HEXAWARE PETRONET SAIL;
Valid for date: 05-Dec-2014; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 8590, 8620, 8650, 8690, 8740;
NIFTY Support levels are: 8530, 8510, 8490, 8460, 8430;

 

Pre-Market Alert: 9:15am

A positive-to-flat opening is expected for our markets today following mixed
global cues; Yesterday our markets opened near all-time high level but pared
some of the gains as the session progressed; A late recovery was led by index
heavyweight ITC on reports that the government has deferred its earlier proposal
to ban sale of loose cigarettes; Overnight, US stocks ended flat after the European
Central Bank brushed off pressure for more immediate monetary policy action but
said the issue would be addressed early next year; Asian markets are mixed today
morning as China and Japan are both down; At home, the Nifty has been able to hold
8550-level at closing yesterday and we expect it to get past 8600 today; Support at
8500 has held for the last few sessions, and is expected to hold today also; Near
term Support has also been found at 8530; On the upside, First Resistance will
be at 8590-8600; Global trends will rule today as there are no domestic cues
expected; Nothing much is expected from the winter session in parliament
and FII investment will decrease as Christmas holidays approach;
INR-US$ is at 61.8050; WTI Crude is at $66.81

 


 

SMS-1

05Dec(10:00) Flat openng; Choppy & Flat;
See ALBK>136.50 ARVIND>303.50;
Watch ITC>386 HEXAWARE>230.50;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

Flat opening for the Nifty today around 8580; The Nifty had remained flat and choppy
just above the line at 8565 after opening; At 8570 now, in the green; Fluctuating in
the narrow 8560-8580 range; There is no particular direction seen now, but we
expect the first Resistance at 8590 to be attacked soon; See these if market
upturn comes now with increasing volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
ALBK 136.50 132 138 140 430
ARVIND 303.50 297 306 309 190

Also watch ITC>386 and HEXAWARE>230.50 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

05Dec(11:00) Mkt +ve & flat; No Suggest gave profit;
Hold ITC>386 if in; Watch ALBK>137 SAIL>85
now if mkt turns up; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
ALBK See > 137 The trigger was just touched; Then nothing;
But there can be chance again later today
ARVIND Going down; Avoid for now
ITC In at 386
Hold>386, SL-383
There will be profits here today
HEXAWARE Going down; Avoid for now
PETRONET Very Choppy; Avoid, for now
SAIL See > 85 Flat at 84; Might flare up suddenly

Except for ITC, none of our Suggests look good as of now; But there is time, and
things can change very quickly; Be careful in LONG; Do not set your terminal to
auto-buy at any trigger; Wait for a confirmed upward bias before you buy;
Then take small profit and exit; Buy again if prices keep going up;
Do not take unnecessary risks; Be very alert;
Stay Away if you are not sure.

The Nifty is still in the narrow 8560-8580 range; At 8570 now, in the green; Again,
no particular bias is seen but we definitely feel that the Resistance at 8590 will
be appraoched and the Nifty will attempt to cross over 8600 today; Asian
markets are slowly turning green; The Rupee is recovering at 61.7850;
Avoid taking big risks; Stay Away if you are not sure.

 


 

SMS-3

05Dec(12:30) Mkt on line; Slight -ve bias may come;
ITC gave profit; Hold ITC>390 if in; No other looks good
for LONG now; Await Europe openng; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
ALBK Nothing after last Update; Avoid, for now
ARVIND Choppy & Going down; Avoid for now
ITC Out at 389.50
Hold>390, SL-386
There will be more profits here today
HEXAWARE Going down; Avoid for now
PETRONET Very Choppy; Avoid, for now
SAIL Uncertain; Avoid, for now

It is still the same -- only ITC looks good for more profits; Even here you have
to be careful as it has levelled out around 390, and if the overall market
develops a negative bias, there can be a sudden fall;
Do not take unnecessary risks; Be very alert;
Stay Away if you are not sure.

The Nifty continues to be in the narrow 8560-8580 range; At 8570 now, in the green;
It had gone down to 8555 just a little while ago and we were thinking that a negative
bias may be developing; But the Nifty has pulled back; Asian markets are slowly turning
green; Europe is expected to open green; We do not expect anything drastic from this
market today; The Resistance at 8590 has not been approached and the Nifty will
find it difficult to cross over 8600 today; Unless Europe helps or we get some
sudden trigger like ITC yesterday; Be alert; Do not take undue risks;
Stay Away if you are not sure.

 


 

SMS-4

05Dec(2:30) Mkt flat around line; No Suggest gave profit;
Hold ITC>390 if still in; No other looks good for
LONG now in last hour; Careful... See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
ALBK There can be chance here in last hour
ARVIND Choppy & Uncertain; Avoid
ITC Out at 389.80
Hold>390, SL-386
This flattened out; But there can be more
HEXAWARE Going down; Avoid
PETRONET Very Choppy; Avoid
SAIL Uncertain; Avoid

Only ITC has given any profits today, and looks good for more profits in last hour;
As expected, this has flattened out at 390, so be very careful; No point taking a
chance with any other, except for maybe ALBK; Do not take unnecessary risks
in last hour; Be very alert; Stay Away if you are not sure.

The Nifty has come back to the line and is fluctuating in the 8545-8570 range now;
At 8560 now, in the red; The range has come down slightly; Asian markets are closing
green; Europe is also totally in the green; During November, the HSBC composite index
for India, that maps both manufacturing and services, stood at 53.6, overtaking China
at 51.1; The Rupee is steady at 61.8550; But all this is not having any effect in our
market today; The Resistance at 8590 has not been approached and the Nifty will find
it difficult to cross over 8600 today; But we should hold 8550 on closing today and
we still hope to see a last minute upsurge; Today we will close flat/green.

 


 

Please also see our Today's Performance or Details page