IntradayTrade dot Net dot IN
Alerts / Updates

for Tuesday, 07-Apr-2015


 

SUGGESTS:

 

HDIL

 

IDFC

 

ITC

 

ALSO SEE:

ADANIPORTS

CAIRN

IBREALEST

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, 07-Apr-2015

SMS Pre-Market

Suggests: HDIL IDFC ITC;
Also See: ADANIPORTS CAIRN IBREALEST;
Valid for date: 07-Apr-2015; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 8700, 8740, 8790, 8830, 8860;
NIFTY Support levels are: 8640, 8610, 8570, 8540, 8510;

 

Pre-Market Alert: 9:15am

The Nifty is expected to open slightly higher today and are likely to extend gains, amid
firm global cues, with defensive shares leading the gains even as bank shares are likely
to remain subdued ahead of the Reserve Bank of India's policy meet later today which
is widely expected to maintain status quo on key rates; However, despite the upmove
seen, technical analysts are still not convinced if the markets will be able to sustain at
higher levels; Yesterday, the Nifty closed above its crucial psychological level of 8650
and displayed a constant upward slant in the second half of the day; Today we expect
a pause for the Nifty till we get the RBI announcement; After that, direction will depend
on the market reaction to what stance the RBI takes for the future; First Support is now
at the 8640-8620 area with good Support at 8580-8570; On the upward side, there is
good Resistance at 8700; 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; Don't take unnecessary risks; Stay Away if not sure;
INR-US$ is at 62.2800; WTI Crude is at $52.14; Brent Crude is at $58.12

 


 

SMS-1

07Apr(10:00) Gap-up openng; Choppy & Flat;
See HDIL>131.50 IDFC>175;
Watch ADANIPORTS>322 CAIRN>224;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

A small 30-point positive opening for the Nifty today around 8690; The Nifty has been
flat and choppy in the green zone after opening today; At 8670 now; Fluctuating in the
8660-8680 range; We expect Nifty to remain range-bound in this same range till the
next Update; See these if market upturn comes now with increasing volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
HDIL 131.50 127 133 135 450
IDFC 175 173 176 177 340

Also watch ADANIPORTS>322 and CAIRN>224 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

07Apr(11:00) Mkt choppy; Going down slowly;
No Suggest gave profit; None looks good for LONG now;
All can profit if mkt turns up; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
HDIL Choppy & Flat; Can give chances after 129
IDFC Very Choppy; Can give chances after 175
ITC This can also give chances after 340
ADANIPORTS Going down; Avoid, for now
CAIRN Going down; Avoid, for now
IBREALEST Going down; But watch after 72

Our Suggests are not in a position to give profits till now today; This is as expected as
there is no clarity in the market regarding RBI rates; And we do not feel that anything
different will happen till the RBI announcement comes; Till then, we will advice to
Stay Away from this market; Wait till the market settles down; Do not take any
unnecessary risks; Any wrong move can take you to losses; Stay Away now.

There has been a slight, but definite, negative bias on the Nifty since opening today;
The Nifty is at 8655 now, in the red, having come down from a high of 8690; The way
things are going at this time, it is difficult for the Nifty to hold 8650 level; We expect
some more downside to come; There is Support in the 8640-8620 area followed by
8580-8570; Which way the trend will go once the RBI news come in, is difficult
to say at this time; Avoid taking big risks; Stay Away if you are not sure.

 


 

SMS-3

07Apr(12:30) Mkt in red; Going down; ITC gave small
profit; None looks good for LONG now; All can profit
if mkt turns up; Await Europe openng; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
HDIL Can turn around; Chances after 128.50
IDFC Going down; Can give chances later
ITC In at 340, Out at 342 Going down; But keep watching..
ADANIPORTS Going down; Avoid, for now
CAIRN Going down; Avoid, for now
IBREALEST Going down; But can give chances after 71

ITC has given small profits from the big swings we saw in the market after RBI Policy;
No other Suggest looks good at this time, but two of them show some hope; The
market has not settled down as yet, so we will still ask you to be very careful and
Stay Away from here, unless you get a very good chance; Do not take any
unnecessary risks; Any wrong move can take you to losses; It is better to
go profit-less, rather than get into losses; Stay Away if you are in doubt.

Wild swings were seen in the Nifty after the RBI announcement; The Nifty went down
to 8620 after our last Update; This is a Support level; From there it bounced back and
went right up to 8680, into the green, very quickly; Equally quickly, immediately after
the RBI news, the Nifty has started to fall; Has touched a low of 8600; At 8610 now,
in the red; Back to the Support zone; It is not certain whether the Nifty Support will
hold again this time; Some more down side might come; But 8600 should hold
today; Keep vigil and take all precautions before you decide to get in;
Stay Away if you are not certain about what to do.

 


 

SMS-4

07Apr(2:30) Mkt in red; Flat; HDIL gave profit;
IBREALEST Marginal; Only ITC>341 looks good for
LONG if upsurge comes now in last hour; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
HDIL In at 128.50, Out at 131.50 Can turn around again; Watch this..
IDFC Going down; Avoid
ITC Can turn around again; Watch this after 341
ADANIPORTS Choppy & Uncertain; Avoid
CAIRN Flat & Choppy; Can turn up; Watch this..
IBREALEST Marginal at 71 Can turn up; Watch this..

HDIL had joined ITC to give some small profits; There is still some chance of more
profits coming from our Suggests, but it will be better not to take any chances if you
have made anything from HDIL and/or ITC; Stay Away from here, unless you get a
very good chance; Do not take any unnecessary risks; Any wrong move can take
you to losses; It is better to go profit-less, rather than get into losses;
Stay Away if you are in doubt.

As we had correctly predicted, the Nifty has been able to hold on to the 8600-level
after the fall from 8680; At 8620 now, in the red; We expect some more upside to
come now before closing; 8600 should hold today; As we said before, do not take
any unnecessary risks in last hour; It is better to go profit-less, rather than get
into a loss; And, if you have already made any profits, protect your
profits at all costs; Today we will close red.

 


 

Please also see our Today's Performance or Details page