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Alerts / Updates

for Tuesday, 03-Mar-2015


 

SUGGESTS:

 

AMBUJACEM

 

CENTURYTEX

 

FEDERALBNK

 

ALSO SEE:

CIPLA

RECLTD

VOLTAS

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, 03-Mar-2015

SMS Pre-Market

Suggests: AMBUJACEM CENTURYTEX FEDERALBNK;
Also See: CIPLA RECLTD VOLTAS;
Valid for: 03-Mar-2015; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 8980, 9040, 9070, 9100;
NIFTY Support levels are: 8930, 8890, 8860, 8820, 8800;

 

Pre-Market Alert: 9:15am

A flat opening and cautious trading is expected in our markets today as some more consolidation is expected after the rush up to the Budget; Yesterday, the Nifty had pared early gains after ratings agency Standard & Poor's said it doesn't expect an upgrade to India's sovereign debt rating next year in the absence of substantial, quality reforms; The Nifty bounced back in the afternoon and ended at all-time closing high, amid a choppy trading session; The momentum was missing in the markets after a roller-coaster ride on Budget day; Experts are happy with FM's Budget but markets are not rejoicing; The return of foreign institutional investors after the Budget was expected to take the markets to all-time highs, but they have not returned as yet; However, experts say that if the index manages to hold on to the momentum that it has been showing, the Nifty may surpass its previous record high of 8996.60 in trade today; We feel we will continue to have range-bound trading around the 8950-area and we will go choppy in the broad 8900-8970 range today as some profit taking will continue; Global cues will again start to influence our markets now; Nifty Support today will be at 8890-8860, up from 8750-8730; 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 61.8900; WTI Crude is at $49.59

 


 

SMS-1

03Mar(10:00) Flat openng; Going choppy;
See CIPLA>723 RECLTD>362;
Watch FEDERALBNK>151.50 VOLTAS>275;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

Flat opening for the Nifty today around 8950; The Nifty has been choppy in the 8930-
8960 range since opening; At 8950 now, marginally in the red; A slight positive bias
seems to be forming now; We will stay in the 8930-8970 range for now, we feel,
unless this positive bias takes us higher; 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
CIPLA 723 715 727 732 80
RECLTD 362 355 365 369 160

Also watch FEDERALBNK>151.50 and VOLTAS>275 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

03Mar(11:00) Mkt choppy on line; 3 Suggests gave profit; Hold
CIPLA>726 if in; VOLTAS Marginal; See CENTURYTEX>567
RECLTD>368 if mkt turns up; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
AMBUJACEM Going down; Avoid, for now
CENTURYTEX In at 559, Out at 567.50
See > 567
Entry came following PricePoints;
This can give another chance later today
FEDERALBNK Choppy & Uncertain; Avoid, for now
CIPLA In at 723, Out at 725.50
Hold>726, SL-715
There can be more here today
RECLTD In at 362, Out at 370
See > 368
This can give another chance later today
VOLTAS Marginal at 275 There can be chance here later today

Our Suggests have given some profits, but are not poised for more at this time; Except
for CIPLA, the only one looking promising; The general market has stagnated and we
hope it will improve in the second half if we get good global cues; But sudden odd
chances can always come; Be very careful, be vigilant; Any wrong move can put
you into losses; Stay Away if you are in doubt; Do not take unnecessary risks.

The Nifty has remained in the 8940-8970 range since our last Update, as was correctly estimated by us; The slight positive bias we spoke about, did not materialise; The market has remained choppy and uncertain, fluctuating in and out of the red-green zones; The Nifty is at 8955 now, marginally in the red; We might go down some more here, but we expect the Nifty to hold 8950-level 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

03Mar(12:30) Mkt choppy around line; CIPLA gave profit;
Hold CIPLA>732 if in; No other looks good now;
Await Europe openng; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
AMBUJACEM Stuck at 279; Avoid, for now
CENTURYTEX No further development; Avoid, for now
FEDERALBNK Choppy & Uncertain; Avoid, for now
CIPLA Out at 731.50
Hold>732, SL-726
There can be more here today
RECLTD No further development; Avoid, for now
VOLTAS Stuck at 271; Avoid, for now

No Suggest looks good for more profits in LONG at this time except for CIPLA; General
market is also quiet and subdued; Going forward from here in Intraday in LONG can be
very risky; The odd, quick chance can always come, but if you are with CIPLA, it is best
to stick to this only; Even with CIPLA, be very vigilant and careful; Take small profit and
exit; Protect you profits; Stay Away if you are in doubt; Do not take unnecessary risks.

The Nifty has again developed a slight positive bias and has come up into the positive
zone from a low of 8935; At 8965 now, in the green; It now remains to be seen if the
Nifty can break out above the Resistance at 8970-8980; This will be very difficult, we
feel, without some good trigger; Good thing is that Nifty is holding the 8950-level
as we had expected; Do not let your guard down; Keep constant vigil;
Do not take unnecessary risks; Stay Away if you are in doubt.

 


 

SMS-4

03Mar(2:30) Mkt in green; Slight +ve bias; CIPLA added
profit; AMBUJACEM>282 CIPLA>739 look good for
LONG in last hour; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
AMBUJACEM See > 282 Has started to go up; Careful..
CENTURYTEX Choppy & Uncertain; Avoid
FEDERALBNK Choppy & Uncertain; Avoid
CIPLA Out at 738.50
See > 739
Has levelled out now at 735;
This might give a second chance in last hour
RECLTD Going down; Avoid
VOLTAS Uncertain; Avoid

As was expected when we wrote our last Update, no Suggest except CIPLA could
produce any further profit; At this time, even CIPLA has levelled out; However, there is
an outside chance with AMBUJACEM and CIPLA again; But it is best to Stay Away now
if you have made your profits today; 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 slight positive bias that we saw for the Nifty last time, has indeed taken the index into the green zone but has not quite taken the Nifty past the Resistance at 8970-8980; At 8980 now, in the green, fluctuating in the 8960-8990 zone since about 12:30pm; We see some more upside before closing today; Any green closing will create another life-time closing high for the Nifty and another all-time intraday high is also very much possible; 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