IntradayTrade dot Net dot IN
Alerts / Updates

for Tuesday, 24-Feb-2015


 

SUGGESTS:

 

IOC

 

POWERGRID

 

ROLTA

 

ALSO SEE:

FEDERALBNK

FORTIS

JETAIRWAYS

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, 24-Feb-2015

SMS Pre-Market

Suggests: IOC POWERGRID ROLTA;
Also See: FEDERALBNK FORTIS JETAIRWAYS;
Valid for: 24-Feb-2015; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 8770, 8800, 8840, 8870, 8900;
NIFTY Support levels are: 8730, 8700, 8660, 8600, 8560;

 

Pre-Market Alert: 9:15am

A flat-to-positive opening is expected for our markets today following mixed overseas
cues; Yesterday, our market was holding well till after afternoon trade and then came
crashing down after global rating agency, S&P, said in a report that the government
must deliver on its reform promises, as low income levels and weak fiscal indicators
were constraining the sovereign's credit worthiness compared to its peers; Reacting
to the report, the market plunged and closed below important psychological levels:
the Sensex below 29,000 and the Nifty below 8,800; Markets are likely to trade on a
restrained note today as investors will remain cautious ahead of key events including
Economic Survey, Railway Budget and Union Budget along with the expiry of February
series due later during the week; For the Nifty, important Support at 8750-8730 is still
holding and will be crucial today as we are already under the turning point of 8770;
A deeper decline till 8640 cannot be ruled out once 8730 is breached; On the higher
side, getting past 8800 and then holding 8850 will be the main objective this week;
As always, be very alert; Consider all angles before you decide to buy, specially in
a falling market; Wait for a good opportunity and then be quick to take proper
advantage; Take small profit and exit; Buy again if upside continues;
Do not take unnecessary risks; Stay Away if not sure;
INR-US$ is at 62.2500; WTI Crude is at $49.45

 


 

SMS-1

24Feb(10:00) Flat openng; Choppy;
See POWERGRID>158 JETAIRWAYS>477;
Watch IOC>338 FORTIS>156;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

Flat opening for the Nifty today around 8770; The Nifty had remained flat and choppy
just above the line, in the green, after opening today; At 8760 now; We expect the
Nifty to remain in the broad 8740-8780 range around the line till our next Update;
Meanwhile, JETAIRWAYS could have given you some profits already following
PricePoints; JETAIRWAYS should have been in at 464 and out at 477; If still
in, Hold JETAIRWAYS>477 with a StopLoss at 468; Otherwise, See these
if market upturn comes now with increasing volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
POWERGRID 158 155 159 161 370
JETAIRWAYS 477 468 482 490 120

Also watch IOC>338 and FORTIS>156 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

24Feb(11:00) Mkt choppy & flat; No Suggest gave profit;
None look good for LONG now; All can profit if mkt
turns up; See SUGGESTS page at website -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
IOC Choppy and going down; Avoid, for now
POWERGRID Choppy & Uncertain; Watch after 158
ROLTA This is also Uncertain; Watch after 147
FEDERALBNK Going down; Risky; Avoid, for now
FORTIS Going down; Avoid, for now
JETAIRWAYS Going down; Can turn around; Watch after 467

None of our Suggests are actually looking good at this time; If you were lucky you
would have taken those early profits in JETAIRWAYS; Nothing has happened after that;
But the general market condition is undecided and the Nifty is fluctuating around the
line; Some trigger is required; Be very vigilant and careful in such uncertain conditions;
Consider all aspects before you decide to Buy; Act quickly when you get a good
opportunity; Take minimum profit and get out; Buy again if the upside
continues; Stay Away if you are in doubt; Do not take unnecessary risks.

The Nifty has remained in the 8740-8780 range since opening today, exactly as we had
predicted in our last Update; At 8850 now, in the red; The Nifty has been fluctuating in
and out of the red-green zone; Crucial Support at 8730 has not been really tested as
yet today; We expect it to hold; If it holds till about 1pm, we might see some upside in
the Nifty above 8800 towards 8850 before closing today; Do not let your guard down;
Avoid taking big risks; Stay Away if you are not sure.

 


 

SMS-3

24Feb(12:30) Mkt around line; Going Flat; No Suggest gave
profit; See FEDERALBNK>143.50 FORTIS>157 now
if mkt turns up; Await Europe openng; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
IOC Going down; Avoid, for now
POWERGRID Choppy & Uncertain; Avoid, for now
ROLTA This is also Uncertain; But can turn up;
Watch after 147
FEDERALBNK See > 143.50 This can also turn up; Watch this..
FORTIS See > 157 Upturn has already come;
There was a PricePoint entry at 154
JETAIRWAYS Flat & Quiet; Can turn up suddenly;
Watch after 467

There was a missed chance with FORTIS and we will not mention it; Nothing else has
happened after our last update, but some of our Suggests are showing good promise
now; Things will become much better if the Nifty turns supportive; World markets are
quite good with Japan on another 15-year high and Europe expected to open good;
However, there are no domestic cues; Some trigger is required for good profits;
Keep constant vigil; Do not take unnecessary risks; Any wrong step can
lead you to losses; Stay Away if you are in doubt.

The Nifty Support at 8730 was tested once after our last Update and it has held strong;
The Nifty has bounced up from the 8730-level and has gone into the green to 8770; At
8765 now, in the green; Trading quietly in the 8755-8770 range since 11:30am; If the
Support at 8730 holds till after lunch-time today, we might see some upside above
8800 today; More so, if Europe opens good; Do not let your guard down; Keep
constant vigil; Do not take unnecessary risks; Stay Away if you are in doubt.

 


 

SMS-4

24Feb(2:30) Mkt in green; Very Choppy; ROLTA FORTIS
gave profit; No Suggest looks good for LONG in last hour;
Best to Stay Away now; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
IOC Choppy & Uncertain; Avoid
POWERGRID Choppy & Uncertain; Avoid
ROLTA In at 147, Out at 149.50 Has flattened out; Avoid
FEDERALBNK Choppy & Uncertain; Avoid
FORTIS In at 157, Out at 158 Going down now; Avoid
JETAIRWAYS Going down; Avoid

Two Suggests have given small profits after our last Update; No Suggest looks good
for more profits in LONG at this time; The general market has also become very choppy
and uncertain; We feel that it is going to be very risky if you want to continue in intraday
in LONG from here; It will be best to close shop and take home whatever profits you
have made so far; Do not take any unnecessary risks in the last hour; Any wrong
step can lead you to losses; Remember, one loss-day takes many profit-days
to make up; Do not take unnecessary risks.

The Nifty had done what we said it would do. Support at 8730 was held till after lunch-
time, and the Nifty had gone up to cross over into the green zone and reach 8800; But
immediately after that it came down as quickly it had gone up; The Nifty is at 8740 now,
in the red; The Support at 8730 is again at threat; This time it might not hold; Almost
all European markets have now slipped into the red; The debated Land Acquisition Bill
has been placed in the Lok Sabha; There can be resentment here; But we still feel the
Nifty has enough strength to get back into the green, recover from below 8730 to
above 8750, at closing today; Do not take unnecessary risks in last hour;
Stay Away now if you are already in profit; Protect your profits;
Today we will close flat/green.

 


 

Please also see our Today's Performance or Details page