IntradayTrade dot Net dot IN
Alerts / Updates

for Monday, 08-Dec-2014


 

SUGGESTS:

 

AMBUJACEM

 

DLF

 

ITC

 

ALSO SEE:

JINDALSAW

SINTEX

SSLT

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, 08-Dec-2014

SMS Pre-Market

Suggests: AMBUJACEM DLF ITC;
Also See: JINDALSAW SINTEX SSLT;
Valid for date: 08-Dec-2014; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 8550, 8580, 8620, 8650, 8690;
NIFTY Support levels are: 8530, 8510, 8490, 8460, 8430;

 

Pre-Market Alert: 9:15am

A negative-to-flat opening is expected for our markets today following down
Asian cues; Last Friday, our market buckled under fag-end profit booking to
log its first weekly loss in seven weeks; In absence of any major domestic cues,
equity markets traded dull for most part of the session on Friday but profit
taking in the last hour pushed the Nifty into the red and below the 8550-mark;
On Friday, the Dow and S&P 500 closed a seventh straight weekly advance as a
better-than-expected jobs report indicated strong economic growth in the US;
But Asian shares were trading flat with a positive bias today morning;
At home, there are no immediate domestic cues, but Markets will await IIP,
CPI & WPI data expected to be announced on Friday; Plus, Traders will watch
the proceedings of the winter session of parliament for cues; Experts feel that
this phase is a healthy correction which usually takes place after a recent
upsurge and may extend further for couple of sessions; But right now the
Nifty has to close above 8550-level to prevent a serious fall; Support at 8500
which has held for the last few sessions, has to hold today also; Near term
Support has also been found at 8530 and 8510; On the upside, First
Resistance will be at 8550-8580; FII investment is on the decrease;
INR-US$ is at 61.9120; WTI Crude is at $65.84

 


 

SMS-1

08Dec(10:00) Flat openng; Choppy & Flat;
See DLF>165.50 JINDALSAW>115;
Watch SINTEX>104 SSLT>242;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

Flat opening for the Nifty today around 8540; The Nifty had gone down immediately
after opening today to touch a low of almost 8510; At 8535 now, in the red; Choppy
and developing a slight negative bias, maybe; Meanwhile, DLF could have already given
you some profits in LONG following PricePoints; DLF should have been in at 164 and
out at 165; If you have missed this, no matter; See these if market
upturn comes now with increasing volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
DLF 165.50 162 168 171 360
JINDALSAW 115 112 116 118 520

Also watch SINTEX>104 and SSLT>242 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

08Dec(11:00) Mkt -ve & choppy; No Suggest gave profit;
Hold DLF>166 if in; No other looks good for LONG
now; All can profit if mkt turns up; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
AMBUJACEM Steady now, after a fall; Watch after 236
DLF In at 164, Out at 165.80
Hold> 166, SL-162
Flattened out at 165; Careful, if holding..
ITC Going down; But this can move up again
JINDALSAW Flat and choppy around 113; Watch after 114.50
SINTEX The trigger was just touched; Then nothing;
But there can be chance again later today
SSLT Flat after a fall; Might flare up after 239

Our Suggests appear subdued today; There is much promise, but very little action;
Even DLF has become quiet and subdued at 165; Overall market is down; So, chances
of our Suggests giving extra-ordinary returns does not exist; Be careful and alert
for that off-chance; 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;
Stay Away if you are not sure.

The Nifty is at 8520 now, having fluctuated between 8540 and 8510 since the last
Update; Nifty in red; The negative trend that we feared last time, has not actually
come, but there is still chance; Support at 8510 is still holding; Asian markets
are mostly in the red; The Rupee is weak at 61.9250; We feel the Nifty will hold
the Support at 8510 and attempt to cross over into the green later today;
Avoid taking big risks; Stay Away if you are not sure.

 


 

SMS-3

08Dec(12:30) Mkt in red; Going down; SINTEX gave slight
profit; See ITC>398 SINTEX>105 SSLT>239
if mkt turns up; Await Europe openng; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
AMBUJACEM Stuck at 233; Avoid for now
DLF Still stuck at 165; Avoid for now
ITC See > 398 At 396.50, coming up from 394; Watch this
JINDALSAW Still flat around 113; Avoid for now
SINTEX In at 104, Out at 104.70
See > 105
Not much chance of progress; But keep watch
SSLT See > 239 Still stuck at 238; Keep watch

Our Suggests are still subdued today; As expected, no Suggest has done anything
good till now today, except for very small contributions from DLF and SINTEX;
At this time all Suggests look weak as the general market has started to fall
sharply; It is best to Stay Away now if you plan to play in LONG; Specially if
you have made any of the small profits today; Do not take unnecessary risks.

The Nifty has started to fall sharply as of this writing; The Support at 8510,
which has been holding for long, has been broken, and the Nifty is heading lower
now to below-8500; At 8480 now, deep in the red; Next Support is now at 8460;
Asian markets are mostly red; Europe is expected to open mixed and the Rupee
is still weak at 61.9250; We feel that the sudden fall was triggered by the news
that four of the original Infosys founders, co-founders and their families are
selling 32.6 million shares in the company at a fixed price of Rs 1,988 per
share; But clarification has now come from Narayana Murthy that it is a
minute percentage that he is selling; We feel there is some more downside
possible for the Nifty unless the Support at 8460 holds firm; Be alert;
Do not take undue risks; Stay Away if you are not sure.

 


 

SMS-4

08Dec(2:30) Mkt in red; Going Flat; No Suggest gave profit;
AMBUJACEM>233 ITC>398 JINDALSAW>110 SINTEX>103
good for LONG in last hour; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
AMBUJACEM See > 233 There is chance here if the Nifty recovers
DLF Going down; Avoid
ITC See > 398 Holding at 397; Watch this
JINDALSAW See > 110 There is chance here if the Nifty recovers
SINTEX See > 103 There is chance here if the Nifty recovers
SSLT Going down; Avoid

Our Suggests are still subdued; No further profits have come after the update; But
there has been hope shown by 4 Suggests in the meantime, specially if the Nifty
recovers and starts to go upwards; Needless to say, 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 any take
unnecessary risks in the last hour; Protect your profits, if any;
Stay Away if you are not sure.

The Nifty Support at 8460 has been broken three times now, and the Nifty is at 8450
deep in the red; Profit booking has been severe today, and there is more to come; Next
Support is at 8430, and that seems to be acting strong now; Asian markets are mostly
red; Europe is trading all in red and the Rupee is still weak at 61.9550; So, no help
from outside; Even then, we should hold 8430-8400 on closing today and might
even see a small last minute upsurge; Today we will close red.

 


 

Please also see our Today's Performance or Details page