IntradayTrade dot Net dot IN
Alerts / Updates

for Monday, 20-Apr-2015


 

SUGGESTS:

 

CANBK

 

NTPC

 

SSLT

 

ALSO SEE:

AMTEKINDIA

BHEL

ONGC

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, 20-Apr-2015

SMS Pre-Market

Suggests: CANBK NTPC SSLT;
Also See: AMTEKINDIA BHEL ONGC;
Valid for date: 20-Apr-2015; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 8630, 8690, 8730, 8780, 8830;
NIFTY Support levels are: 8570, 8540, 8510, 8470, 8450;

 

Pre-Market Alert: 9:15am

The Nifty is expected to open flat-to-higher today following negative trend in other
Asian markets; Except for China, all other Asian markets are in the red at this time;
Last Friday, the Nifty had lost over a hundred points due to extended profit booking
but managed to barely hold on to 8600-level; If the line gets breached, next major
Supports could come in at 8530-8510, which means another 100-point fall; Globally,
US stocks posted their biggest percentage loss since March 25 on Friday amid new
trading regulations in China, renewed worries about Greece running out of money, and
tepid US corporate earnings; At home, however, there is some good news as RIL, after
market hours on Friday, has posted a record net income of Rs 6,381 crore in the March
quarter, driven by robust refining margins, reestablishing itself as the country's most
profitable company; This should bring some cheer; Experts believe that earnings
season will gather further steam this week, which will lead to greater stock/sector
specific volatility; This is time to be more careful for intraday traders; As always, wait
for a definite chance; Consider all angles before you buy; Take small profits and exit;
Buy again if upsurge holds; Avoid unnecessary risks; Stay Away if not sure;
INR-US$ is at 62.5000; WTI Crude is at $55.74; Brent Crude is at $63.45

 


 

SMS-1

20Apr(10:00) Flat openng; Going down;
See SSLT>210 ONGC>333;
Watch AMTEKINDIA>89.25 BHEL>236.50;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

A flat opening for the Nifty today around 8615; The Nifty has developed a slight
negative bias immediately after opening today and is at 8560 now, in the red;
The range of 8570-8540 is good Support area and we expect the Nifty to pause
here for some time; We can see some consolidation till our next Update and
the Nifty should get into rahge-bound trading; Meanwhile, See these if
market upturn comes now with increasing volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
SSLT 210 207 212 215 280
ONGC 333 328 335 337 180

Also watch AMTEKINDIA>89.25 and BHEL>236.50 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

20Apr(11:00) Mkt has -ve bias; No Suggest gave profit;
None looks good for LONG at this time;
All can profit if mkt turns up; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
CANBK Very choppy; May give chances above 406
NTPC Going down; Avoid, for now
SSLT Going up slowly; Watch this after 210
AMTEKINDIA Choppy & Uncertain; Watch after 89
BHEL Choppy & Uncertain; Avoid, for now
ONGC Going down; Avoid, for now

Our Suggests are following market trend today and no chances for profits in intraday
in LONG is seen at this time; Except for one opportunity with ONGC before our first
Update; But that was difficult to get; It is best to Stay Away from this market now,
and wait for your chances later in the day; Things can change in the next 1-hour;
But do not rush; Keep constant vigil; Odd, quick chances can always come; Look
at all angles before you take a decision; Do not take unnecessary risks; Any
wrong move can take you to losses; Stay Away if you are in doubt.

The Nifty has carried on with the negative bias seen on Friday last, and is at 8540 now,
in the red, already down 60-points from opening today; But, as we said before, we
expect the Nifty to pause at this Support zone of 8540-8570 and get into range-bound
trading within these levels; However, be ready for some more downside as the negative
momentum is pretty strong; Avoid taking big risks; Stay Away if you are not sure.

 


 

SMS-3

20Apr(12:30) Mkt in red; Range-bound; CANBK AMTEKINDIA
gave profit; Hold AMTEKINDIA>89.75 if in; See CANBK>408
SSLT>210; Await Europe openng; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
CANBK In at 406, Out at 408.50
See > 408
Small profits have come; Can give a 2nd chance
NTPC Still going down; Avoid, for now
SSLT See > 210 Took a fall; Recovering now; Keep watching..
AMTEKINDIA In at 89, Out at 89.70
Hold>89.75, SL-87.50
Has got stuck at 89; Can give more today
BHEL Choppy & Uncertain; Avoid, for now
ONGC Flat at 325; Can jump up suddenly

Some small profits have come from CANBK and AMTEKINDIA, and you should be
happy if you have managed to get some of that; While 2 or 3 of our Suggests are
looking encouraging at this time, we are not very hopeful as the general market is not
in very good position; Of course, things can change, and change very fast; So, keep
your vigil but do not rush; Keep constant watch and look at all angles before you
take a decision; Do not take any unnecessary risks; Any wrong move can take
you to losses; Stay Away if you are not sure of your actions.

The Nifty has remained in the 8530-8560 range since our last Update, as we had
predicted; We expect a slight positive trend to develop now, but there are no domestic
triggers as RIL is over -2% down despite record profits in March quarter; Globally, all
of Asia is in the red as even China has given up all its stimulus-triggered gains; Europe
was expected to open good on China gains, but now Europe is uncertain; Under such
circumstances it is not expected that the Nifty will gain on its own; But that is exactly
what we will now expect; Marginally, at least; Let us see; Keep vigil and take all
precautions before you decide on what to do; Stay Away
if you are not certain about what to do.

 


 

SMS-4

20Apr(2:30) Mkt in red; -ve bias; No Suggest
gave profit; None look good for LONG in last hour;
It is best to Stay Away now; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
CANBK Going down very fast; Avoid
NTPC Still going down; Avoid
SSLT Choppy; Just touched our trigger; Avoid
AMTEKINDIA Out at 89.90 Has started to come down; Avoid
BHEL Going down; Avoid
ONGC Going down; Avoid

Nothing much was expected from our Suggests after the last Update - and nothing
much has happened; There was no entry actually with SSLT and it was cosmetic
changes with AMTEKINDIA; The Nifty is now going from bad to worse; It is best now
to close shop and take home whatever profits you have made today; Even if you have
not made any profits today, remember that it is better to go profit-less rather than
going into a loss; Any wrong move can wipe out your small profits and take
you to losses; Do not take any risks now; Stay Away.

The upside we had expected in our last Update, did not come; It was initiated, and took
the Nifty up to beyond 8560; But news came that Infosys' net profit may fall by 2.7% in
Q4, and that Wipro, HCL Tech may follow suit; This has triggered a big fall; The Nifty is
at 8480 now, deep in the red; Major Support at 8530-8510 has been breached; The
psychological barrier of 8500 has been shattered; We are more than 100-points down;
And there is more downside to come; All this, in spite of a positive opening in Europe;
There is Support at 8450-8430 which should be able to stop this slide, we hope;
For intraday trading in LONG - the day is over today; Do not take any
unnecessary risks in last hour; Today we will close red.

 


 

Please also see our Today's Performance or Details page