IntradayTrade dot Net dot IN
Alerts / Updates

for Thursday, 22-Jan-2015


 

SUGGESTS:

 

ASHOKLEY

 

BHARTIARTL

 

HEXAWARE

 

ALSO SEE:

COALINDIA

IDEA

RANBAXY

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 Thursday, 22-Jan-2015

SMS Pre-Market

Suggests: ASHOKLEY BHARTIARTL HEXAWARE;
Also See: COALINDIA IDEA RANBAXY;
Valid for: 22-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: 8700, 8680, 8660, 8620, 8600;

 

Pre-Market Alert: 9:15am

Another small gap-up opening and robust trading is expected from our market today,
following positive global cues; Yesterday we had the expected consolidation by the
Nifty and saw range-bound trading capped by the Resistance at 8740; Even then,
new intraday and closing records were set; Today the Nifty is expected to go up
further into unchartered territory and cross the 8750-mark; The next Resistance
will come at 8760-8780; First Support is still at 8660 and Strong Support is at
8620-8600; 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 61.5500; WTI Crude is at $47.78

 


 

SMS-1

22Jan(10:00) Gap-up openng; Going good;
See BHARTIARTL>370 RANBAXY>692;
Watch HEXAWARE>225 IDEA>165;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

Another slight gap-up opening for the Nifty today around 8745; The Nifty has again
developed a slight positive bias after opening and has gone up to a high of 8760;
This is again another life-time high; The important level of 8750 is now crossed
with confidence, and the main task for the Nifty will be to hold this level today;
There is Resistance at 8760-8780 zone, and more upside is possible only after
this Resistance zone is crossed; We expect the Nifty to consolidate a little at this
zone; Meanwhile, RANBAXY could have already given you some profits following
PricePoints; RANBAXY should have been in at 680 and out at 690; If still in,
Hold RANBAXY>690 with a StopLoss of 685; Otherwise, see these if market
upturn holds with increasing volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
BHARTIARTL 370 364 373 377 160
RANBAXY 692 685 697 702 80

Also watch HEXAWARE>225 and IDEA>165 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

22Jan(11:00) Mkt +ve; Range bound; 3 Suggests gave profit;
Hold BHARTIARTL>372 RANBAXY>697; See COALINDIA>394
IDEA>168 now if mkt turns up; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
ASHOKLEY Going nowhere; Doing nothing; Avoid, for now
BHARTIARTL In at 370, Out at 372
Hold>372, SL-366
Going down, but might turn around again
HEXAWARE Choppy & Uncertain; But might turn around
COALINDIA See > 396 This might also turn around
IDEA In at 165, Out at 168.50
See > 168
Stuck at 167; Can give another sharp rise
RANBAXY In at 680, Out at 696.50
Hold>697, SL-688
There can be more here today

Our Suggests have started off well today, with 3 already in profits and several Suggests
showing good promise; But there is some caution as the general market has peaked
and has started to fall; Profit booking downsides can come quickly; Be very careful
in how you proceed from here; Keep constant vigil; Take small profit and exit;
Buy again if the upside continues; Get out if you are in doubt;
Do not take unnecessary risks;

The Nifty has been stopped by the Resistance at 8780 and has started to decline
after reaching just over 8770; This is again a life-time high, beating 8741.85 set
yesterday; Nifty at 8750 now, in the green; Asian markets are mostly green; Those
below the line are very marginally red; The Rupee is still at 61.6050; We expect the Nifty
to hold 8750 and trade in the 8750-8780 range; Remember, profit booking can come
anytime at such high levels; Avoid taking big risks; Stay Away if you are not sure.

 


 

SMS-3

22Jan(12:30) Mkt in green; Range bound; RANBAXY
added profit; Hold RANBAXY>706 if in; See IDEA>165;
Await Europe openng; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
ASHOKLEY Going down; Avoid
BHARTIARTL Hold>372, SL-366 No further development after last Update
HEXAWARE Going down; Avoid
COALINDIA Choppy & Uncertain; Avoid
IDEA See > 165 Chances for a turnaround is high
RANBAXY Out at 705.50
Hold>706, SL-698
There can be more here today

As was expected in our last Update, our Suggests have levelled out, in tune with the
general market; Only RANBAXY has been doing an exceptional job; IDEA is also looking
good for an upside if the Nifty improves; As we have warned many times before, profit
booking downsides can come very quickly at such high levels; Be very careful; Keep
constant vigil; Take small profit and exit, if you are holding; Buy again if the upside
continues; Get out if you are in doubt; Do not take unnecessary risks.

Range-bound trading has continued in the 8745-8770 band after our last Update,
exactly as was expected by us; In real terms, the Nifty is actually doing a fantastic job
of holding 8750-level and creating new highs; Nifty is at 8755 now, in the green; Asian
markets are now almost all in the green; Europe is also expected to open in green; The
Rupee is holding at 61.6750; But there are no domestic cues; We expect the Nifty to
hold 8750 and continue to trade range-bound; Remember, profit booking can come
anytime at such high levels; And they will come very fast when they come;
Be very alert; Do not take undue risks.

 


 

SMS-4

22Jan(2:30) Mkt in green; Choppy; No Suggest gave profit;
None look good for LONG now in last hour; Best to Stay
Away and protect your profits; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
ASHOKLEY Choppy & Uncertain; Avoid
BHARTIARTL Stuck at 369; Can still turn up
HEXAWARE Going down; Avoid
COALINDIA Choppy & Uncertain; Avoid
IDEA Stuck at 164; Can turn around
RANBAXY No progress after last Update;
Best to Stay Away now

None of our Suggests have been able to do anything after our last Update; And none of
our Suggests look good for LONG now in last hour; It is best to close shop now and
take home your profits; Do not push your luck; Any wrong step can take you to a
loss situation; Don't take unnecessary risks in last hour; Don't risk your profits.

The Nifty has lost some ground and had slipped into the red briefly after our last
Update; At 8745 now, marginally in the green; The Nifty has come down from 8770
to below 8730 a few minutes ago; However, all things considered, the Nifty is doing
very well in the face of sustained selling pressure; We already have a new intraday high
today, and any green closing will be another closing high for the Nifty; Asian markets
are closing almost all in the green, but Europe has turned mixed with main ones still
green; The Rupee is holding at 61.6450; There are no domestic cues; We expect
the Nifty to get back to 8750 and continue to trade range-bound in the green;
Do not take unnecessary risks in last hour; Today we will close flat/green.

 


 

Please also see our Today's Performance or Details page