IntradayTrade dot Net dot IN
Alerts / Updates

for Monday, 06-Apr-2015


 

SUGGESTS:

 

FRL

 

IDEA

 

ITC

 

ALSO SEE:

BANKINDIA

PFC

TATAMOTORS

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, 06-Apr-2015

SMS Pre-Market

Suggests: FRL IDEA ITC;
Also See: BANKINDIA PFC TATAMOTORS;
Valid for date: 06-Apr-2015; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 8620, 8660, 6700, 8740, 8790;
NIFTY Support levels are: 8540, 8510, 8480, 8450, 8430;

 

Pre-Market Alert: 9:15am

The Nifty is expected to open flat-to-higher today following positive trend seen in other
Asian markets; Tracking the momentum, the index may reclaim its crucial psychological
level of 8600 in trade today; In the last working day, Wednesday 01-Apr last week, we
saw an excellent performance by the Nifty with a 95-point, or +1.12%, higher closing
and a steady upward slant throughout the day; That strong upward momentum may
not be seen today as we expect the Nifty to take a pause; However, the Nifty cleared
the intraday Resistance of 8550 and is expected to hold that level now; That level of
8550-8540 is now the First Support with more Support at 8480; On the upward side,
Resistance will be found at 8620-8660, and above that 8700 would be a major hurdle;
Major domestic events that can sway the markets this week, include the first RBI bi-
monthly monetary policy for 2015-16 on Tuesday and the IIP data for Feb-2015 on
Friday, ahead of quarterly results from India Inc this month. For today, we expect the
Nifty to remain choppy and range bound above 8550 initially and then rise up to cover
8600 later today; As always, be very careful and alert; Wait for a definite chance;
Consider all angles before you buy; Take small profits and exit; Buy again if
upsurge holds; Do not take unnecessary risks; Stay Away if not sure;
INR-US$ is at 62.0470; WTI Crude is at $49.14; Brent Crude is at $54.95

 


 

SMS-1

06Apr(10:00) Flat openng; Choppy around line;
See IDEA>193 ITC>334;
Watch BANKINDIA>207 TATAMOTORS>572;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

A flat-to-positive opening for the Nifty today around 8590; The Nifty has remained
flat and quiet around the line at 8585 since opening today; At 8480 now, in the red;
We expect Nifty to remain range-bound in the 8580-8600 range till the next Update;
Meanwhile, IDEA could have already given you some profits in LONG following
PricePoints; IDEA should have been in at 192 and out at 193; If in, Hold
IDEA>193 with a StopLoss at 190; See these if market
upturn comes now with increasing volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
IDEA 193 190 194 196 310
ITC 334 330 337 340 170

Also watch BANKINDIA>207 and TATAMOTORS>572 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

06Apr(11:00) Mkt choppy & flat; ITC gave profit;
Hold BANKINDIA>207 if in; No other looks good;
All can profit if mkt turns up; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
FRL Choppy & Unrelaible; Avoid
IDEA Flat & Choppy; Old levels still valid
ITC In at 334, Out at 336.50 Going down; Avoid, for now
BANKINDIA In at 207
Hold>207, SL-204
Marginal till now;
Get out if no improvement in next half-hour
PFC Going down; Avoid, for now
TATAMOTORS Just touched 572 Flat & Quiet; Old levels still valid

Our Suggests are moving with the market today; Flat and quiet with no major
movement; This kind of a market is not good for intraday trading as we require good
swings; It is best to Stay Away in such days; But the odd, sudden chances can always
come; Wait for a confirmed up movement before you decide to get in; Be quick after
that; Do not take any unnecessary risks; Any wrong move can take you to losses;
Stay Away if you are in doubt.

The Nifty has remained flat and quiet around the line, as we had rightly predicted in our
last Update; At 8590 now, marginally in the green; We expect the Nifty to hold present
position in the 8580-8600 range and develop a slight positive bias; Going past 8600
and then holding that level is the target; But be prepared of a sudden profit-
booking downside also; Do not lower your guard; Avoid taking big risks;
Stay Away if you are not sure.

 


 

SMS-3

06Apr(12:30) Mkt Flat around line; IDEA ITC gave profit;
Hold IDEA>194 ITC>338 if in; BANKINDIA Marginal;
Others don't look good; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
FRL Choppy & Unrelaible; Avoid
IDEA Out at 194
Hold>194, SL-191
There can be more here today
ITC Out at 337.50
Hold>338, SL-334
Some more profits have come;
There can be more here today
BANKINDIA Marginal at 207 No further development; Avoid, for now
PFC Going down; Avoid, for now
TATAMOTORS Still Flat & Quiet; But there can be chance

Our Suggests have given adequate returns for a bad day, till now; We should be happy
and satisfied with what we have got so far; And there is still chance for more; But be
very careful and keep your vigil; Guard your profits; 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 flat and quiet around the line, as we had rightly predicted in our
last Update; Again at 8590 now, marginally in the green; Fluctuating in the 8575-8600
range since morning today; We expect the Nifty to continue trading in the 8570-8600
range and develop a slight positive bias; Going past 8600 and then holding that level
is the target; If there is no upward action, there is every chance of downward
movement; Do not lower your guard; Keep vigil and take all precautions
before you risk your position; Protect your profits.

 


 

SMS-4

06Apr(2:30) Mkt in green; +ve bias; ITC BANKINDIA
gave profit; Hold ITC>240 if in; IDEA BANKINDIA look
good for more in LONG in last hour; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
FRL Choppy & Unrelaible; Avoid
IDEA Stuck at 194 Old levels are still valid, but be careful now..
ITC Out at 340
Hold>340, SL-337
There can be more here in last hour
BANKINDIA Out at 209 Does not look very encouraging,
but there is still chance; Keep watching..
PFC There was some upside, now flat;
Can flare up again in the last hour
TATAMOTORS Slight upside movement above 572;
There can be chance here in last hour

Our Suggests have given adequate profits till now and there is good prospects from all
of them, except FRL, in the last hour; Specially since the Nifty is doing very good; As
we keep saying, do not get carried away; Protect your profits; Maintain constant vigil
if you are holding; Get out at the slightest sign of weakness; 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; Stay Away if you are not sure.

The Nifty has done a great job today; Not only has the initial target of 8600 been
covered with confidence, there is a good chance that 8650 will also be covered today
at closing; The Nifty is at 8630 now, in the green; There is good positive momentum;
But some Resistance is expected at 8660; Two factors seem to have contributed to this
sustained growth today: the govt's step to fast-track certain big-ticket reform projects,
and the expectation that RBI will keep rates unchanged tomorrow; As we said before,
do not get over-enthusiastic; Do not take any unnecessary risks in last hour;
Protect your profits at all costs; Today we will close green.

 


 

Please also see our Today's Performance or Details page