IntradayTrade dot Net dot IN
Alerts / Updates

for Wednesday, 04-Mar-2015


 

SUGGESTS:

 

ASHOKLEY

 

CIPLA

 

ORIENTBANK

 

ALSO SEE:

JINDALSTEL

POLARIS

TATAGLOBAL

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, 04-Mar-2015

SMS Pre-Market

Suggests: ASHOKLEY CIPLA ORIENTBANK;
Also See: JINDALSTEL POLARIS TATAGLOBAL;
Valid for: 04-Mar-2015; All for LONG;
See site for Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 9010, 9040, 9070, 9100;
NIFTY Support levels are: 8970, 8930, 8890, 8860, 8820;

 

Pre-Market Alert: 9:15am

Strong gap-up opening and robust trading is expected in our markets today following
the surprise 25 bps Repo Rate cut by RBI today morning to 7.5% from 7.75% as pre-
emptive action guided by weak eco indicators, as said by the RBI Governor; CRR rate
has remained unchanged; Also, the biggest ever telecom spectrum auction will begin
today that should bring over Rs 82000 crore in income for the govt; Even without
the RBI move, the market was in a great high after a fantastic upside yesterday as
the Budget celebrations continued with the Nifty crossing the 9000-mark for the first
time ever and making new life-time highs in both closing and intraday; With the strong
upward momentum, it was expected that yesterday's high will be surpassed in trade
today; Now, with the RBI rate cut the overall sentiment will be boosted and we might
get a new high from the Nifty at the opening itself; But beware of this: normally such
days are not very good for intraday trading in LONG as we might get a good gap-up
opening but after that the market will remain in a tight range holding that high position;
For profits in intraday trading, we need sustained movement; Look for such movement
in individual stocks; For the Nifty, we are now in absolutely uncharted territory and
Resistance levels after 9100 are not known; There will be Support at 8960-8940;
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 61.7500; WTI Crude is at $50.52

 


 

SMS-1

04Mar(10:00) Big Gap-up openng; Flat;
See ASHOKLEY>75 JINDALSTEL>196.50;
Watch CIPLA>736 ORIENTBANK>261.50;
For LONG if mkt turns up; Details at site -INTDAY

 

Update-1: 10:00am

Big, more than 100-point gap-up opening for the Nifty today around 9110; There was
an immediate 50-point fall for the Nifty after opening, and a low of 9060 was touched;
At 9070 now, settling into range bound trading in the 9060-9090 range, that we
expect will last at least till our next Update; 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 75 73.50 76 77 800
JINDALSTEL 196.50 194 198 201 300

Also watch CIPLA>736 and ORIENTBANK>261.50 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

04Mar(11:00) Mkt in green & very flat; CIPLA gave profit;
See CIPLA>748 TATAGLOBAL>163 now if mkt turns up;
See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
ASHOKLEY Flat & Choppy; Can give chance after 75
CIPLA In at 736, Out at 747.50
See > 748
Has started to fall; Can give another chance
ORIENTBANK Very flat & Choppy; Avoid, for now
JINDALSTEL Very Choppy & flat; Avoid, for now
POLARIS Very Choppy & flat; Avoid, for now
TATAGLOBAL See > 163 Going choppy, but there can be chances

Our Suggests are in a 50-50 state with a good chance that nothing more will come
at this time; As we have already said, a day like today is not good for intraday traders;
However, profits already given by CIPLA has been adequate, and you should be happy
if you have got some of it; The general market is going down slowly; 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 is doing a fantastic job today; Two important psychological levels - 9000 and
9500 - have already been crossed and 9100 has been hit; It has started by crossing the
all-time intraday high above 9100, and has been holding position around 9070 after
that; Range bound trading is now seen in the 9060-9085 range since half-hour after
opening; We expect this range to continue, unless we get some trigger; Remember,
sudden downsides can come anytime at such high levels; Do not let your
guard down; Avoid taking big risks; Stay Away if you are not sure.

 


 

SMS-3

04Mar(12:30) Mkt in green; Quiet & flat; JINDALSTEL gave
profit; No Suggest looks good for LONG now; All can profit
if mkt turns up; Careful.. See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
ASHOKLEY Took a fall; Can still turn up
CIPLA No further development; Watch after 741
ORIENTBANK Took a fall; Watch after 258
JINDALSTEL In at 196.50, Out at 201 Profits have come following previous level;
This can give another chance after 201
POLARIS Choppy & Uncertain; But even this has chance
TATAGLOBAL Bottom made at 160; Watch after 162

JINDALSTEL has come from behind to add to the profits given by CIPLA earlier; Market
is still not suitable for intraday traders wanting to go LONG; But there can be chances if
the Nifty starts to go up; Can happen; But be very vigilant and careful; Take small profit
and exit if you get a good chance; Any wrong move can put you into losses; Protect
your profits; Stay Away if you are in doubt; Do not take unnecessary risks.

The Nifty has come down a little, but it is still doing a very good job; At 9050 now,
deep in the green, trading quietly in the 9030-9050 range now, having come down
from 9060-9080; We expect the Nifty to hold position around 9050; Unless we get
some negative trigger; Remember, sudden downsides can come anytime at such
high levels; Do not let your guard down; Keep constant vigil; Do not take
unnecessary risks; Stay Away if you are in doubt.

 


 

SMS-4

04Mar(2:30) Mkt in green; Started to fall; No Suggest
gave profit; No Suggest looks good for now in last hour;
Best to Stay Away; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
ASHOKLEY Going down now; Avoid
CIPLA No further development; Avoid
ORIENTBANK Still going down; Avoid
JINDALSTEL This has also started to go down; Avoid
POLARIS Choppy & Uncertain; Avoid
TATAGLOBAL Reached 162 but did not go any further;
Has started to fall now; Avoid

All our Suggests have started to fall, in keeping with the general market; No further
profits have come after our last Update; It is best to give up trying now and Stay Away;
Do not push your luck; Any wrong move can put you into losses; Protect your profits;
Do not take unnecessary risks in the last hour.

The Nifty has started to fall from about 2pm; Was at 9060 at that time; At 9000 now,
on the line; Already, all the opening gains of the morning have been lost; Downside
momentum is very strong, and some more downside might come now in last hour;
Support at 8960-8940 will be tested before closing today; Europe has opened in
red and Arvind Kejriwal has resigned as AAP chief as he doesn't want to hold two
posts; But these events are not enough negative trigger to bring down the Nifty
by so much; Seems to be profit booking till now, as we had feared; If yes, that
is healthy for the market; Do not take unnecessary risks in last hour;
Stay Away; Protect your profits at all cost; Today we will close red.

 


 

Please also see our Today's Performance or Details page