IntradayTrade dot Net dot IN
Alerts / Updates

for Tuesday, 31-Mar-2015


 

SUGGESTS:

 

ASHOKLEY

 

AXISBANK

 

CENTURYTEX

 

ALSO SEE:

AMBUJACEM

JINDALSAW

LICHSGFIN

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, 31-Mar-2015

SMS Pre-Market

Suggests: ASHOKLEY AXISBANK CENTURYTEX;
Also See: AMBUJACEM JINDALSAW LICHSGFIN;
Valid for 31-Mar-2015; All for LONG;
See site for Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 8520, 8550, 8600, 8630, 8660;
NIFTY Support levels are: 8430, 8400, 8370, 8330, 8270;

 

Pre-Market Alert: 9:15am

A small gap-up opening and positive trading is expected initially in our markets
today also following robust global cues; Yesterday our markets gave a massive display
of positive trading as the Nifty gave a +150-points higher closing; There was a steady
positive bias throughout the day; Some of that positive trend is expected to be carried
forward today and the Nifty is expected to reclaim its crucial psychological level of 8500
in trade today, but may face Resistance around 8520 and 8550 levels; On the down
side, 8430-8420 is the first Support that can come into play today; Next Support is
at 8400-8380; As always, be very careful and alert; Wait for a good chance;
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 62.5700; WTI Crude is at $48.68; Brent Crude is at $56.29

 


 

SMS-1

31Mar(10:00) Gap-up openng; Choppy & Flat;
See CENTURYTEX>647 LICHSGFIN>450;
Watch ASHOKLEY>75.50 AMBUJACEM>258.50;
All for LONG; Details at site -INTDAY

 

Update-1: 10:00am

A small gap-up opening for the Nifty today around 8520; The Nifty had gone down
once to touch 8500, but has now come back and has become flat and choppy in the
8510-8530 range; At 8515 now, in the green; We expect the Nifty to remain range-
bound and hold position above 8500 till our next Update, or until we get some
trigger; See these if market upturn comes now with increasing volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
CENTURYTEX 647 637 651 654 90
LICHSGFIN 450 443 454 456 130

Also watch ASHOKLEY>75.50 and AMBUJACEM>258.50 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

31Mar(11:00) Mkt in green; Range-bound; No Suggest
gave profit; See AXISBANK>566 JINDALSAW>66.50
LICHSGFIN>449 now if mkt turns up; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
ASHOKLEY Quiet & flat; But might flare up after 75.50
AXISBANK See > 566 This might go up; Watch this..
CENTURYTEX This might also go up; Watch after 642
AMBUJACEM There are chances here after 258.50
JINDALSAW See > 66.50 Going flat now, but there may be chances
LICHSGFIN See > 449 Flat & Choppy now; But there may be chances

Our Suggests have not started to perform till now today; There is hope from some of
them, but overall the picture is not very good; The general market is flat and quiet;
But let us not get disheartened; There is still time; Some chances will surely come
our way; But do not set your terminal to auto-buy at any level; Wait for a confirmed
up movement before you decide to buy; Do not take any unnecessary risks; Any
wrong move can take you to losses; Stay Away if you are in doubt.

The Nifty has been halted at the Resistance zone of 8520-8530; At 8520 now, in the
green; Trading choppy and range-bound; We expect the Nifty to hold 8500-level and
trade quietly in the same range till we get some trigger; If nothing comes, we
might see some downside later today; Do not lower your guard;
Avoid taking big risks; Stay Away if you are not sure.

 


 

SMS-3

31Mar(12:30) Mkt in green; Quiet & Flat; AXISBANK
JINDALSAW gave profit; Hold AXISBANK>571 if in;
No other looks good; Await Europe openng; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
ASHOKLEY Quiet & flat; Avoid, for now
AXISBANK In at 566, Out at 571
Hold>571, SL-564
There can be more in this today
CENTURYTEX This might still go up; Watch after 642
AMBUJACEM Choppy & Uncertain; Avoid, for now
JINDALSAW In at 66.50, Out at 67.70 Going down now, but can come back again
LICHSGFIN Choppy & Uncertain; Avoid, for now

Your patience would have paid off, as adequate profits have come from 2 of our
Suggests till now; More can come if the general market starts to go up; But you have
to be extra careful now in LONG and must guard your profits; Don't take any hasty
decisions; Any wrong move can take away your profits and can even take you to
losses; Do not take any unnecessary risks; Stay Away if you are in doubt.

The Nifty has remained in the 8510-8535 zone since our last Update, exactly as we
had expected; Nifty is at 8525 now, in the green; Trading choppy and range-bound;
We expect the Nifty to hold 8500-level and develop a slight positive bias from here
onwards; But global markets are no longer supportive as Europe is opening mostly
in the red on Greece worries; At home, however, there is talk of banks cutting
interest rates, that might bring some cheer; Nifty should hold 8500 and move
towards 8550 now; Do not lower your guard; Keep vigil and take all
precautions before you risk your position; Protect your profits.

 


 

SMS-4

31Mar(2:30) Mkt in red; Took a big fall; AXISBANK
CENTURYTEX gave profit; No Suggest looks good for LONG
now in last hour; Market falling rapidly; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
ASHOKLEY Falling now; Avoid
AXISBANK Out at 573.50 Falling rapidly; Might turn around;
But best to Avoid this now
CENTURYTEX In at 642, Out at 645 This is also falling fast; Might turn
around; But best to Avoid this also now
AMBUJACEM Going down; Avoid
JINDALSAW Going down now, Avoid
LICHSGFIN Going down; Avoid

Some more profits have been added by some of our Suggests; The market is
recovering now from the sudden steep fall we saw in the space of 15-minutes just
before this Update; We might see some more profits coming in from our Suggests
if this recovery is sufficient; However, if you have made your profits for the day, it is
strongly advised that you do not take a chance in the last hour; Any wrong move
can wipe out the profits made so far and can even take you to losses; Do not
take any unnecessary risks in the last hour; Protect your profits.

We are not exactly certain what caused the sudden fall, but starting 2:15pm the Nifty
fell 100-points from the Resistance of 8550 to a low of around 8450 in 15-minutes flat;
Our target of 8550 for the day was achieved; Unfortunately, the Nifty gave up all the
good work and gains of the day; Support was found at 8455 and the Nifty has taken
a pause at this level; Nifty is at 8460 now, in the red; Europe is still mixed and there
has been some negative domestic cue in the form of GUJCOC legislation in Gujarat;
Even then, we expect the Nifty to recover from here and try and get back into
the green before closing today; Do not take unnecessary risks in last hour;
Protect your profits at all costs; Today we will close flat/green.

 


 

Please also see our Today's Performance or Details page