IntradayTrade dot Net dot IN
Alerts / Updates

for Tuesday, 24-Mar-2015


 

SUGGESTS:

 

HAVELLS

 

HDIL

 

NTPC

 

ALSO SEE:

DISHMAN

HINDALCO

ROLTA

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-Mar-2015

SMS Pre-Market

Suggests: HAVELLS HDIL NTPC;
Also See: DISHMAN HINDALCO ROLTA;
Valid for date: 24-Mar-2015; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 8600, 8630, 8660, 8700, 8750;
NIFTY Support levels are: 8530, 8480, 8430, 8400, 8370;

 

Pre-Market Alert: 9:15am

Another flat-to-positive opening and cautious trading is expected in our markets today
as profit taking has been continuing in our market in the last few sessions; Yesterday,
our markets ended marginally lower amid a choppy trading session, on the lack of fresh
triggers and caution ahead of the expiry of March derivative contracts later this week;
Markets will remain volatile today also due to expiry and fiscal-year profit booking; US
markets ended lower yesterday night on late selling and Asian shares erased its early
gains today morning after Chinese factory activity unexpectedly decreased to an 11-
month low; For the Nifty today, we are still waiting for the technical bounce-back we
are expecting for the last few sessions; On the upside, we need to cross the important
Nifty-8600 level for the bounce-back rally to set in; On the downside, we will fall 100-
points if 8530-8520 is broken today; On our part, we expect the Nifty to hold 8550-
level and trade in a range for most of the day; The second half will set a new direction;
As always, be very careful and alert; Wait for a good opportunity; Consider all angles
before you get in; Take small profits and exit; Buy again if upside continues;
Do not take unnecessary risks; Stay Away if not sure;
INR-US$ is at 62.2100; WTI Crude is at $45.45

 


 

SMS-1

24Mar(10:00) Flat openng; Going up slowly;
See NTPC>152.50 DISHMAN>175.50;
Watch HDIL>103.50 ROLTA>164;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

Flat opening for the Nifty today around 8540; The Nifty has developed a small positive
bias immediately after opening and has climbed 40-points already; Nifty at 8580 now,
in the green; But the going has been choppy; We expect the Nifty to continue with
this slight positive bias and go towards 8600; Meanwhile, See these if
market upturn strengthens now with increasing volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
NTPC 152.50 149 154 156 390
DISHMAN 175.50 171 177 179 340

Also watch HDIL>103.50 and ROLTA>164 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

24Mar(11:00) Mkt in green; +ve bias; No Suggest gave profit;
Hold ROLTA>164 if in; See NTPC>152.50 DISHMAN>175.50
now if mkt upturn holds; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
HAVELLS Going down; Avoid, for now
HDIL Flat & Uncertain; But watch after 102.50
NTPC See > 152.50 Old levels valid
DISHMAN See > 175.50 Old levels valid
HINDALCO Might turn around; Watch after 136
ROLTA In at 164
Hold>164, SL-161
Marginal till now;
Get out if no movement in next half-hour

Our Suggests are tentative today and have not started to perform as yet, in spite of the
general market showing a small but definite trend upwards; There is still time; Let us be
a little patient; But also be careful; Do not set your terminal to auto-buy at any trigger;
Wait for trigger to be crossed confidently; Buy only if the upside is confirmed;
Then get out with small profit; Do not take unnecessary risks; Any wrong
move can take you to losses; Stay Away if you are in doubt.

The Nifty had taken a pause at 8580 and had gone down to 8565 after our last Update;
The small upward trend has now returned and the Nifty is now at 8585, in the green;
Earlier Support at 8560 is in force once again; As we said last time, we expect the
Nifty to continue with this slight positive bias and go towards 8600; Unless we
get some negative trigger; Do not lower your guard; Avoid taking big risks;
Stay Away if you are not sure.

 


 

SMS-3

24Mar(12:30) Mkt in green; Going Flat; No Suggest gave profit;
ROLTA Marginal; None looks good for LONG now;
Await Europe openng; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
HAVELLS Still going down; Avoid, for now
HDIL Turning up now; But watch after 101
NTPC Choppy & Uncertain; Avoid, for now
DISHMAN Just touched the Trigger at 175.50; No entry;
Choppy & Uncertain; Avoid, for now
HINDALCO Might turn around; Watch after 134
ROLTA Marginal at 164 But this can still do something..

Our Suggests have not given any profits till now, and none really look good for profits
in LONG at this point in time; This is not expected and really unfortunate, specially
since the general market is performing in a positive way; Yesterday we made good
profits on a bad day, while today there is nothing on a good day; It will be a pity
if we go profit-less today; But there is still time; Let us keep up the vigil; The
odd, quick chance can come anytime; Be careful and do not take unnecessary
risks; Any wrong move can take you to losses; Remember, going profit-less
is better than getting into a loss; Stay Away if you are in doubt.

The Nifty has done very well today and has hit the psychologically important Nifty-8600
mark after our last Update; We had thought that this stage will come towards the end
of the day, but it has come rather early; That is the reason why we are sceptical now
whether this level can be held on by the Nifty now; Already some consolidation has
come; Nifty is at 8585 now, in the green, after having gone down to 8575 from the
peak of 8600; Global cues are not supportive; Europe is expected to open lower;
We expect the Nifty to get into range-bound trading now, in the 8570-8600
range till we get some trigger; Do not let your guard down; Do not take
unnecessary risks; Stay Away if you are in doubt.

 


 

SMS-4

24Mar(2:30) Mkt in green; +ve bias; 2 Suggests gave profit;
Hold HDIL>101 NTPC>153 HINDALCO>135 ROLTA>165;
See DISHMAN>169 now in last hour; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
HAVELLS Flat & Uncertain; Avoid
HDIL In at 101
Hold>101, SL-99
Go Marginal if no upsurge in next 15-minutes
NTPC In at 152.50
Hold>153, SL-150
This can give some profits in last hour
DISHMAN See > 169 Low chance of profits from here
HINDALCO In at 134, Out at 135
Hold>135, SL-133
Low chance of profits from here;
Better to get out and not hold any longer
ROLTA Out at 165
Hold>165, SL-161
This can give some more in last hour

No matter what we have written in the box above, only NTPC and ROLTA look good for
some profits in the last hour; You should get out of the others; Even for these two, it
is best that you take small profits and exit; As we said earlier, our Suggests are not in
sync today and we have not seen any corresponding increase together with the Nifty
after our last Update; It is best to Stay Away now; Be careful and do not take any
unnecessary risks; Any wrong move can wipe out the small profits made so far
and can take you to losses; It is best to Stay Away now, in the last hour.

The Nifty had gone down to 8550 on the line, from a high of over 8600, after our last
Update; This is what we had feared, that the Nifty will not be able to hold 8600 level for
long; But we were proved wrong immediately; From the line at 8550 the Nifty has risen
sharply and smartly to almost 8630; At 8620 now, in the green; A good opening by
Europe has helped; Global markets are mostly in the green at this time; But there
are no domestic cues; 8630 is a strong Resistance for the Nifty and we are still not
very sure whether Nifty will be able to hold above 8600 for very long; Do not
take unnecessary risks in last hour; Protect your small profits;
Best to Stay Away now; Today we will close green/flat.

 


 

Please also see our Today's Performance or Details page