IntradayTrade dot Net dot IN
Alerts / Updates

for Tuesday, 23-Dec-2014


 

SUGGESTS:

 

AXISBANK

 

FRL

 

PETRONET

 

ALSO SEE:

AMBUJACEM

COALINDIA

IDEA

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 Tuesday, 23-Dec-2014

SMS Pre-Market

Suggests: AXISBANK FRL PETRONET;
Also See: AMBUJACEM COALINDIA IDEA;
Valid for date: 23-Dec-2014; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 8350, 8380, 8410, 8450, 8490;
NIFTY Support levels are: 8290, 8260, 8230, 8200, 8170;

 

Pre-Market Alert: 9:15am

Flat-to-positive opening and cautious trading is expected from our market
today also, following positive cues from other Asian markets; Volatility
may be expected in the session today due to two reasons: F&O expiry is on
Wednesday in a truncated Christmas week, and counting of votes for the
Assembly elections J&K and Jharkhand has started today and results will
be coming in later today; Some more good upside will come if the results
are liked by the market; The Nifty is expected to reclaim 8350-level
today and 8370 is the target today; There is good Support at 8240;
Do not get over-confident today; Better to be safe, than sorry;
INR-US$ is at 63.2480; WTI Crude is at $55.26

 


 

SMS-1

23Dec(10:00) Flat openng; Going up;
See AXISBANK>507 PETRONET>211;
Watch FRL>93 IDEA>151;
All for LONG if upsurge strengthens; Details at site -INTDAY

 

Update-1: 10:00am

Flat opening for the Nifty on the line at 8325 today; The Nifty has developed a
definite positive bias after opening today and has climbed steadily since opening;
At 8360 now, in the green; The psychological level of 8350 has not been crossed
technically as yet, as there is Resistance in the 8350-8360 zone; We expect the
Nifty to hold this level and eventually cross it to go to the next Resistance at
8370-8380 in the course of the day; See these if market upturn
strengthens now with increasing volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
AXISBANK 507 500 511 515 110
PETRONET 211 208 213 217 280

Also watch FRL>93 and IDEA>151 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

23Dec(11:00) Mkt +ve & flat; No Suggest gave profit;
See AXISBANK>507 PETRONET>210.50 IDEA>151
now if mkt turns up again; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
AXISBANK See > 507 Going flat now; But there is hope here
FRL Very Choppy and Uncertain; Avoid, for now
PETRONET See > 210.50 This is also choppy; But there is hope here
AMBUJACEM Choppy and Uncertain; Avoid, for now
COALINDIA Going down; Avoid, for now
IDEA See > 151 This looks like the best candidate today

3 of our Suggests look good at this time, and for the other 3 you will have to follow
PricePoints if a sudden upside comes; It is possible, if the Nifty starts to climb up
again; Be very Alert and careful; As we have said before: Do not set your terminal
to auto-buy at any trigger; Wait for trigger to be crossed confidently; Make sure
there is a definite upward swing, before you enter; Do not take unnecessary
risks; Stay Away if you are not sure.

The Nifty has remained flat and choppy around 8350, exactly as we had predicted in
our last Update; At 8355 now, in the green; Trading range-bound in the 8340-8360
band after opening today; The Resistance at 8350-8360 is still holding; Markets
in Asia are supportive and all except South Korea are in the green; That is also
very marginally in red; The Rupee is a little weak at 63.4199 now; Early trends in
the counting of votes shows BJP leading in both J&K and Jharkhand; The Nifty
is likely to hold 8350 and remain within the present range for some more
time, unless we get some trigger; Positive trend will come later;
Avoid taking big risks; Stay Away if you are not sure.

 


 

SMS-3

23Dec(12:30) Mkt in red; Going down; IDEA gave small
profit; None look good for LONG now; All can profit
if mkt turns up; Await Europe openng; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
AXISBANK Going down; Wait till it turns up
FRL Very Choppy and Uncertain; Avoid
PETRONET Going down; Wait till it turns up
AMBUJACEM Going down; Uncertain; Avoid
COALINDIA Going down; Wait till it turns up
IDEA In at 151; Out at 151.80 There can be another chance here; Wait
till a bottom is formed and it turns up

There was a lot of hope, but the general market started to fall just at the time when
our Suggests were about to produce results; But this downside by the Nifty will not
last very long and the market will level out and then start to move upwards, we feel;
Wait till then before you do anything more; And follow PricePoints and your
judgement to take any position in LONG from here onwards; Make sure
there is a definite upward swing, before you enter; Do not take
unnecessary risks; Stay Away if you are not sure.

The Nifty has started to fall steeply immediately after it became clear that BJP will
get less number of seats that PDP and will not get majority in J&K; The Nifty is at
8280 now, in the red, coming down from a high of 8360; Already 80-points down
and there is more downside to come; There is Support at 8260 that might stop the
Nifty from going down further; There is strong Support at 8240-8230 after that;
The Nifty will level out at these Support levels, we feel, and then start to move up
again; Unless we get some negative trigger and profit-booking becomes
stronger; Be very alert; Do not take undue risks;
Stay Away if you are not sure.

 


 

SMS-4

23Dec(2:30) Mkt in red; Choppy; No Suggest gave profit;
AMBUJACEM>229 COALINDIA>388 IDEA>105.50 good
for LONG if upsurge comes in last hour; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
AXISBANK Flat & Uncertain; Avoid
FRL Still Choppy and Uncertain; Avoid
PETRONET Choppy and Uncertain; Avoid
AMBUJACEM See > 229 Looks like a bottom has been formed; Careful..
COALINDIA See > 388 Same here; Bottom formed; Careful..
IDEA See > 150.50 Second chance coming; Careful..

None of our Suggests have been able to give any profits today, except IDEA. Even
that was difficult to get; FRL gave a sudden chance, but that was even more difficult;
At this time, there are 3 Suggests that show promise, but all-in-all, our Suggests have
disappointed today; Be very careful now in last hour; As we said before, make sure
there is a definite upward swing, before you enter; Then be very quick to take small
profit and exit; Buy again, if the upside continues; Do not take unnecessary
risks in last hour; Stay Away if you are not sure.

The steep fall of the Nifty was stopped by Support at 8260 and this has been holding
since our last Update; At least 4 attempts were made to breach this Support, but it
has held strong so far; Next strong Support is at 8240-8230; The Nifty is at 8280
now, in the red; World markets are very supportive with all, except two, markets in
the green; Europe is all green; The Rupee is holding at 63.4104; We still feel that
the Nifty will level out at these Support levels and then start to move up to the
line at 8330; A closing above 8300 is now definitely possible and we might
even go up to 8350 at closing; Do not take unnecessary risks in
last hour; Today we will close flat.

 


 

Please also see our Today's Performance or Details page