IntradayTrade dot Net dot IN
Alerts / Updates

for Wednesday, 07-Jan-2015


 

SUGGESTS:

 

ASHOKLEY

 

BHARTIARTL

 

CAIRN

 

ALSO SEE:

ADANIPORTS

EXIDEIND

HINDALCO

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 Wednesday, 07-Jan-2015

SMS Pre-Market

Suggests: ASHOKLEY BHARTIARTL CAIRN;
Also See: ADANIPORTS EXIDEIND HINDALCO;
Valid for: 07-Jan-2015; All for LONG;
See site for Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 8180, 8230, 8260, 8290, 8320;
NIFTY Support levels are: 8110, 8080, 8040, 8010, 7960;

 

Pre-Market Alert: 9:15am

A flat-to-negative opening is expected from our market today, tracking muted
trend seen in other Asian markets; However, tumbling oil prices and Greece
possibly leaving the Euro zone are the prominent headwinds which are likely
to weigh on the markets even today; These were the reasons behind the over
-3% fall by the Sensex and Nifty yesterday, their biggest daily fall in over five
years; Technically, the Nifty has closed below 100-DMA of 8135 and thus after
a technical bounce-back, further selling up to 7700-7650 is not ruled out; That
bounce-back might happen today as Asian markets are recovering and trading in
the green right now; Support at 8110-8080 is expected to hold and getting past
8200 is the first target for today; Be very careful if you want to play intraday
in LONG in such uncertain markets; Do not take unnecessary risks; Wait for
the market to settle down before you enter; Better be safe, than sorry;
INR-US$ is at 63.4600; WTI Crude is at $47.93

 


 

SMS-1

07Jan(10:00) Flat openng; Range-bound;
See ADANIPORTS>329 EXIDEIND>189;
Watch ASHOKLEY>58.25 BHARTIARTL>356;
All for LONG if upsurge comes; See site -INTDAY

 

Update-1: 10:00am

Flat opening for the Nifty at about 8120 today; The Nifty has been choppy and
range-bound in the broad 8100-8150 range since opening today; At 8140
now, in the green; 8100 is good Support, followed by 8080; These should
hold; First Resistance is at 8180; Be careful if you want to play Intraday in
LONG in such uncertain market; Wait for the market to settle down before
you enter; See these if market upturn comes now with volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
ADANIPORTS 329 324 333 337 180
EXIDEIND 189 185 190 193 310

Also watch ASHOKLEY>58.25 and BHARTIARTL>356 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

07Jan(11:00) Mkt flat & quiet; No Suggest gave profit;
Hold BHARTIARTL>356 if in; None look good for LONG
now; All can profit if mkt turns up; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
ASHOKLEY Touched Trigger at 58.25 There was actually no entry here;
Go Marginal if in
BHARTIARTL In at 356
Hold>356, SL-353
Here also, go Marginal if there is no
upside in the next half-hour
CAIRN Going down; Avoid, for now
ADANIPORTS Stuck at 326;
Can go up if Nifty recovers
EXIDEIND Flat & Uncertain; Avoid, for now
HINDALCO Stuck at 152.50; Avoid, for now

As said before, today's market is very risky for intraday traders wanting to go LONG;
No matter what is said in the box above, it will be difficult for our Suggest to give
a positive performance in such markets; Wait for the market to settle down first
before taking positions today; Be very careful; Keep constant vigil; Get out
if in doubt; Do not take unnecessary risks; Stay Away if you are not sure.

The Nifty has been restricted to the 8120-8150 range since our last Update; It is
doing good to hold position above 8100; It is at 8140 now, marginally in the green;
Going flat and quiet; Asian markets are mostly in the green; The Rupee is at 63.5350;
We need some good trigger now to turn the market around; Otherwise some more
profit booking downside till 8080 is possible; Avoid taking big risks;
Stay Away if you are not sure.

 


 

SMS-3

07Jan(12:30) Mkt in red; Choopy & Flat; BHARTIARTL
gave profit; Hold BHARTIARTL>358 if in; See CAIRN>232
EXIDEIND>185; Await Europe openng; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
ASHOKLEY No further action after last Update
BHARTIARTL Out at 358
Hold>358, SL-353
There has been small profits; More
is possible, but be very careful..
CAIRN May turn around now; Watch this..
ADANIPORTS Choppy & Uncertain;
Can go up if Nifty recovers
EXIDEIND Flat & Uncertain;
Can go up if Nifty recovers
HINDALCO Took a fall; Avoid, for now

We are a little more enthusiastic with our Suggests at this time as some small profits
have come and 3 of our other Suggests might just turn around; Follow PricePoints for
these if there is an upside; Things will become many times better if the Nifty starts to
go up; However, this market is still risky for intraday traders wanting to go LONG;
Be very careful; Keep constant vigil; Get out if in doubt; Do not take
unnecessary risks; Stay Away if you are not sure.

The Nifty had taken a fall after our last Update and touched a bottom of 8070; This
was predicted by us, correctly; We were also correct in saying that the Support at 8080
will hold, as the Nifty has bounced back from 8070 to reach a high of 8110 now; Nifty
is at 8110 now, still in the red, but above the important 8100-mark; Trying to recover;
Asian markets are still mostly in the green; The Rupee is a little better at 63.3950;
The Nifty is expected to hold 8100-level and recover some more; But good passage
above 8150 is possible only if we get some good trigger; There are no domestic
cues; Good Europe opening can act as that trigger; Wait & Watch; Be very
alert; Do not take undue risks; Stay Away if you are not sure.

 


 

SMS-4

07Jan(2:30) Mkt on the line; Choppy; No Suggest gave profit;
None look good for LONG now; But sudden chance can come;
Be careful in last hour; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
ASHOKLEY May give another chance at 58.25
to confirm earlier Marginal position
BHARTIARTL Stuck at 357; No further development
CAIRN Just touched trigger at 232;
There was actually no entry here
ADANIPORTS Stuck at 322; No development seen
EXIDEIND Showing positive signs; Watch this..
HINDALCO Still recovering from big fall; Watch this..

There has been no positive development seen in our Suggests after the last Update;
CAIRN gave a false start, just like ASHOKLEY earlier; Some are showing promise now,
but you have to be an expert hand to get anything more out of this market at this
time; This market is still risky for intraday traders wanting to go LONG; Do not
push your luck; It is best to Stay Away now; It is better to go profit-less than
to get into a loss; Do not take unnecessary risks in last hour.

The Nifty has done well on to counts: it has been able to hold the important 8100-
level, and it has come up to the line and had even crossed into the green just now;
Nifty is at 8125 now, marginally in the red, fluctuating in and out of the green-zone;
Asian markets are closing mostly in the green; Europe is also mostly in the green;
The Rupee is holding at 63.3850; As before, we expect the Nifty to slowly move
towards 8150 and give a closing around that level today; Unless we get any
sudden trigger to take the market sharply up or down; Do not take
unnecessary risks in last hour; Today we will close flat/green.

 


 

Please also see our Today's Performance or Details page