IntradayTrade dot Net dot IN
Alerts / Updates

for Wednesday, 21-Jan-2015


 

SUGGESTS:

 

AXISBANK

 

ITC

 

SSLT

 

ALSO SEE:

AMBUJACEM

JINDALSAW

TATAMOTORS

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, 21-Jan-2015

SMS Pre-Market

Suggests: AXISBANK ITC SSLT;
Also See: AMBUJACEM JINDALSAW TATAMOTORS;
Valid for: 21-Jan-2015; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 8740, 8780, 8810, 8870, 8900;
NIFTY Support levels are: 8660, 8600, 8570, 8530, 8480;

 

Pre-Market Alert: 9:15am

Another positive opening with robust trading is expected from our market today,
following positive global cues; The Nifty is in unchartered territory and 8740 is the only
expected Resistance in its path now; After that, we do not know; Support can come at
8660 and then at 8600; As always, be very alert; Do not get over-enthusiastic;
Consider all angles before you jump in; Do not take unnecessary risks;
Wait for a good opportunity and then be quick to take advantage;
Take small profit and exit; Buy again if upside continues;
INR-US$ is at 61.5800; WTI Crude is at $46.39

 


 

SMS-1

21Jan(10:00) Flat openng; Going good;
See AXISBANK>556 TATAMOTORS>555;
Watch SSLT>202 JINDALSAW>92;
All for LONG if upsurge holds; Details at site -INTDAY

 

Update-1: 10:00am

A flat, or slight gap-up opening for the Nifty today around 8720; The Nifty has again
developed a slight positive bias after opening and has gone up to a high of 8740;
This is again another life-time high; The important level of 8700 is now crossed
with confidence, and the main task for the Nifty will be to hold this level today;
There is Resistance at 8740 where the Nifty has stopped; We expect the Nifty to
consolidate a little at this level; More upside is possible after the Resistance at
8740 is crossed; See these if market upturn holds with increasing volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
AXISBANK 556 550 561 565 100
TATAMOTORS 555 548 559 564 100

Also watch SSLT>202 and JINDALSAW>92 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

21Jan(11:00) Mkt green & flat; No Suggest gave profit;
See AXISBANK>556 ITC>370 SSLT>200 now
if mkt turns up; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
AXISBANK See > 556 This has touched this level once;
This is showing good possibilities
ITC See > 370 Going down, but might turn around
SSLT See > 200 Same here:
going down but might turn around
AMBUJACEM Very choppy and fragmented; Avoid
JINDALSAW Stuck at 89; There can be a sudden spurt
TATAMOTORS Going down; Uncertain; Avoid, for now

Our Suggests are still to find its footing today; AXISBANK is the only Suggest that is
looking good at this time, but even that has already given a false start; No other really
looks good, unless the market turns up; Be very careful in your selection today; Any
wrong step can take you to a loss situation; Do not set your terminal to auto-buy at
any trigger; Make sure a definite positive trend is established before you jump in;
Then take small profit and exit; Buy again if the upside continues;
Keep constant vigil; Do not take unnecessary risks;
Stay Away if you are not sure.

The Nifty has been stopped by the Resistance at 8740 and has started to decline;
At 8710 now, in the green; Going down slowly; But the downward bias is not strong;
Asian markets are almost all in the green; The Rupee is good at 61.6050; There are
no domestic cues; We expect the Nifty to consolidate around the 8700-region
and some profit booking might also come; Avoid taking big risks;
Stay Away if you are not sure.

 


 

SMS-3

21Jan(12:30) Mkt in green; Going Flat; SSLT gave profit;
Hold SSLT>201 if in; See ITC>366 TATAMOTORS>557
if mkt turns up; Await Europe openng; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
AXISBANK This looked the best and it has disappointed;
Going down; Avoid, for now
ITC See > 370 Still going down, but we are not losing hope
SSLT In at 200, Out at 201
Hold>201, SL-197
Small profits have come; More possible
AMBUJACEM Stuck at 245; There can be hope here
JINDALSAW Still stuck; There can be a sudden spurt
TATAMOTORS See > 557 There could have been entry at 555;
This is showing some upside

The performance of our Suggests have been below-par till now; Plus, our expectations
are all wrong today; We had high hopes from AXISBANK but it has drawn a blank; We
said "Avoid, for now" for TATAMOTORS but it has given an entry opportunity; So,
our thinking is off-target today; Be that extra careful; Any wrong step can take you
to a loss situation; Do not set your terminal to auto-buy at any trigger; Make sure
a definite positive trend is established before you decide to buy; Then take small
profit and exit; Buy again if the upside continues; Keep constant vigil;
Do not take unnecessary risks; Stay Away if you are not sure.

The Nifty is doing a good job of holding on to 8700-level in spite of repeated bouts
of profit booking donwside pressure; At 8720 now, in the green; It had gone down
to below-8700 after our last Update to touch 8690 in the red; Has recovered after
that to climb up to 8730; Asian markets are in the green; Only Japan is marginally
red, but making up; Europe is expected to open good, and the Rupee is holding at
61.5950; There are no domestic cues; We expect the Nifty to consolidate around
the 8700-region and trade within the 8700-8740 range; But be prepared for
profit booking downsides that are always expected at such highs; Much
depends on how Europe opens; Be very alert; Do not take undue risks.

 


 

SMS-4

21Jan(2:30) Mkt in green; Flat & Choppy; No Suggest gave
profit; No Suggest looks good for LONG now in last hour;
Best to Stay Away now; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
AXISBANK Going down; Avoid
ITC Still going down; Avoid
SSLT Has flattened out after small profits
AMBUJACEM Very small upside had come, but not
gettable; Low chances now
JINDALSAW Going down; Avoid
TATAMOTORS Turning around now; But low chances

None of our Suggests have given any 'gettable' profit today except for a small one by SSLT; If you have missed out on that one, be prepared for a no-profit day as none of our Suggests look good for LONG in the last hour; However, odd and sudden chances can come anytime; Keep constant vigil; Do not push your luck; Any wrong step can take you to a loss situation; Do not take unnecessary risks in last hour;

The Nifty is still holding on to 8700-level in spite of repeated bouts of profit booking pressures; Still at 8720 now, in the green; Trading quietly in the 8700-8730 range since our last Update; Asian markets are closing green, but Europe is trading all in red, except for England; The Rupee is steady at 61.6350; There are no domestic cues; We expect the Nifty to remain in the current range and trade quietly till closing today; But be prepared for profit booking downsides that are always expected at such high levels; Today we have already achieved another life-time intraday high and any green closing will be another closing high for the Nifty; Do not take unnecessary risks in last hour; It is better to go profit-less, rather than get into a loss; Today we will close green.

 


 

Please also see our Today's Performance or Details page