IntradayTrade dot Net dot IN
Alerts / Updates

for Monday, 02-Mar-2015


 

SUGGESTS:

 

ASHOKLEY

 

AXISBANK

 

RANBAXY

 

ALSO SEE:

CENTURYTEX

DISHTV

YESBANK

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 Monday, 02-Mar-2015

SMS Pre-Market

Suggests: ASHOKLEY AXISBANK RANBAXY;
Also See: CENTURYTEX DISHTV YESBANK;
Valid for: 02-Mar-2015; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are:8940, 8980, 9040, 9070, 9100;
NIFTY Support levels are: 8890, 8860, 8820, 8800, 8770;

 

Pre-Market Alert: 9:15am

Another big gap-up opening is expected today, and our markets are set to extend
gains as the Street cheered Arun Jaitley's full annual budget for FY15-16; Most
economists on TV channels agree that the Budget is good; The promise of lower
corporate taxes, deferral of GAAR and a timeline to implement the General Sales Tax
has boosted investors' sentiment, say experts; Tracking the momentum, the Nifty is
expected to surpass its previous record high of 8996.60 and hit 9000 levels in trade
today; But a lot of this depends upon the reaction from foreign investors post Budget;
As we had reported in our website, FIIs and FPIs have been building up deep positions
leading up to the Budget; They were more or less absent on D-Day on Saturday; We
await their reaction now; For the Nifty today, contrary to what experts say, we do not
feel the Nifty will cross 9000-level in a hurry; Saturday's choppiness is likely to flow over
somewhat today; Some consolidation and range-bound trading in the 8940-8980 zone
is more likely as some profit taking will resume; There is good Support at the 8750 to
8730 zone; As always, be very alert; Consider all angles before you decide to buy;
Wait for a good opportunity and then be quick to take advantage;
Take small profits and exit; Buy again if upside continues;
Do not take unnecessary risks; Stay Away if not sure;
INR-US$ is at 61.9000; WTI Crude is at $49.76

 


 

SMS-1

02Mar(10:00) Gap-up openng; Choppy;
See ASHOKLEY>73.25 YESBANK>888;
Watch CENTURYTEX>540 DISHTV>86;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

50-point gap-up opening for the Nifty today around 8950; The Nifty has remained
flat and choppy just above the 8950 mark after opening today; The psychologically
important level of 8950 has been crossed at the opening itself; It is now important to
hold on to this level today; A slight positive bias might now set in to take the Nifty up
till about 8980; But range-bound trading in the 8940-8980 level is what is expected;
Be very Alert today; See these if market upturn comes now with increasing volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
ASHOKLEY 73.25 71.25 74.25 75 810
YESBANK 888 875 893 900 65

Also watch CENTURYTEX>540 and DISHTV>86 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

02Mar(11:00) Mkt +ve but Choppy; No Suggest gave profit;
None looks good for LONG now; All can profit if mkt
turns up; Careful.. See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
ASHOKLEY Flat; Might turn up; Watch after 72.50
AXISBANK Can go up; Watch this after 639
RANBAXY Choppy & Uncertain; Avoid, for now
CENTURYTEX Going down; Avoid, for now
DISHTV This might turn up; Watch after 85
YESBANK Can turn up after 885; Watch this..

Our Suggests have not started to perform as yet today; We were not expecting much
performance from the market today, so this non-performance is as per expectation;
Things might improve in the second half; But sudden odd chances can always come;
So, be vigilant, but very careful; Be very sure if you spot an opportunity and decide
to jump in; Be quick; Take small profit and exit; Any wrong move can put you into
losses; Remember, one single loss will take many good profit-days to make up;
Stay Away if you are in doubt; Do not take unnecessary risks.

The Nifty has come down slightly from the day's high of over 8970; At 8920 now;
In the green; But the downward momentum is not strong and Nifty is expected to get
back up to the 8950 level soon and get into range-bound trading; The situation should
improve in the second half today; Unless we get some negative cue, either domestic
or global; Do not let your guard down; Avoid taking big risks;
Stay Away if you are not sure.

 


 

SMS-3

02Mar(12:30) Mkt on the line; Choppy; CENTURYTEX gave
profit; Hold CENTURYTEX>555 if in; See AXISBANK>639;
Await Europe openng; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
ASHOKLEY Flat and choppy; Can turn up after 72.50
AXISBANK See > 639 This can still go up; Watch this..
RANBAXY Choppy & Uncertain; Avoid, for now
CENTURYTEX In at 540, Out at 555
Hold>555, SL-545
Gave profits on earlier levels;
Can give more profits now
DISHTV Choppy; But this can also turn up
YESBANK Bottom made; Can turn up after 880

Our Suggests are still not at ease, except for CENTURYTEX which came from behind;
There is chance to catch up now even if you have missed the chance with CENTURYTEX
till now; Some other Suggests are also looking good, provided the general market
starts to improve in the second half, as is expected by us; Be very vigilant; And be very
sure if you decide to get in; Be quick; Take small profit and exit; Any wrong move can
put you into losses; Remember, one single loss will take many good profit-days to
make up; Stay Away if you are in doubt; Do not take unnecessary risks.

The Nifty has gone down further, into the red zone, after our last Update; Had gone
down to below the psychological level of 8900, to below 8890, a short while ago; Has
been in the 8890-8920 zone since about 11:15am; There is good Support at 8890
which we expect will hold strong; Range-bound trading should resume around the 8940
level, we expect; And the situation should improve in the second half; Unless we get
some negative cue, either domestic or global; Do not let your guard down; Keep
constant vigil; Do not take unnecessary risks; Stay Away if you are in doubt.

 


 

SMS-4

02Mar(2:30) Mkt in green; Choppy; 4 Suggests gave profit;
Hold ASHOKLEY>73 AXISBANK>645 YESBANK>887;
CENTURYTEX>570 good for more in last hour; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
ASHOKLEY In at 72.50, Out at 72.90
Hold>73, SL-71.50
Choppy profits have come; Careful with this
AXISBANK In at 639, Out at 645
Hold>645, SL-636
Good profits have come; Can be more here
RANBAXY Choppy & Uncertain; Avoid this
CENTURYTEX Out at 570
See > 570
Handsome profits have come from here today;
Can give another chance in last hour
DISHTV Choppy; Avoid this
YESBANK In at 880, Out at 886.50
Hold>887, SL-880
Some profits have come; Can be more here

4 of our Suggests have given adequate profits already and some of them can give more
in the last hour; General market is going up slowly, so, there is still chance; But be very
careful if you are holding; Take small profit and exit; Get out at first sign of weakness;
Do not push your luck; Any wrong move can wipe off profits already made;
Do not take any unnecessary risks in the last hour.

The Nifty has remained in the 8890-8940 range since the last Update; This is somewhat
lower than our expected range, and the upside we had expected before closing, has not
come; However, the Nifty is doing good to hold 8900 level; At 8930 now, in the green;
We still some upside will come before closing and we will end the day around 8940;
Unless we get some negative cue, either domestic or global; As we have said
before, do not take unnecessary risks in last hour; But protect your
profits at all cost; Today we will close green.

 


 

Please also see our Today's Performance or Details page