IntradayTrade dot Net dot IN
Alerts / Updates

for Friday, 24-Apr-2015


 

SUGGESTS:

 

BHEL

 

TATASTEEL

 

YESBANK

 

ALSO SEE:

AMTEKINDIA

IDFC

TITAN

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 Friday, 24-Apr-2015

SMS Pre-Market

Suggests: BHEL TATASTEEL YESBANK;
Also See: AMTEKINDIA IDFC TITAN;
Valid for date: 24-Apr-2015; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 8430, 8460, 8500, 8550, 8600;
NIFTY Support levels are: 8380, 8350, 8310, 8270, 8250;

 

Pre-Market Alert: 9:15am

A slightly higher opening and cautious trading is expected from our markets today;
Yesterday's market started good and saw the Nifty touching 8500 at the opening, but
then showed negative bias throughout the day except for a short effort to go up late in
the day that did not gather any strength; Result was another 30-point loss for the Nifty,
finishing just shy of 8400; Today also, we will start slightly in the green but may not be
able to achieve anything much thereafter; Nifty-8400 will be tested again today; Infosys
will release its March quarter results later today and the Street is not expecting anything
great from there; Global cues are mixed; We expect more consolidation today unless
some positive news can lift the market up; For the Nifty today, there is good Support
at 8350-8340; Below that, 8270 is the recent positional low; On the higher side, the
range of 8460-8510 will be difficult to cross; Intraday traders wanting to go LONG
will need to remain very careful; 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 63.3000; WTI Crude is at $57.74; Brent Crude is at $64.85

 


 

SMS-1

24Apr(10:00) Flat openng; Choppy in red;
See TATASTEEL>373 YESBANK>838;
Watch BHEL>235.50 IDFC>168.50;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

A flat opening for the Nifty today around 8410; The Nifty has gone down a little after
opening and is now flat in the red; At 8360 now; Fluctuating in the 8340-8370 range;
This is actually the 8350 Support that is being tested now; We expect this to hold for
some time; Meanwhile, See these if market upturn holds with increasing volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
TATASTEEL 373 368 375 379 160
YESBANK 838 830 842 850 70

Also watch BHEL>235.50 and IDFC>168.50 if upsurge
holds now; Take position in above scrips only if you are
absolutely confident; All for LONG; Stay Away if not sure.

 


 

SMS-2

24Apr(11:00) Mkt -ve & flat; No Suggest gave profit;
TATASTEEL YESBANK Marginal till now; Old levels
valid for BHEL IDFC; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
BHEL See > 235.50 This is very choppy; Be careful..
TATASTEEL Marginal at 373 Get out if this doesn't go up in next 15min
YESBANK Marginal at 838 Same here; Get out if no movement
AMTEKINDIA Going down; Avoid, for now
IDFC See > 168.50 This is also very choppy; Be careful..
TITAN Going down; Avoid, for now

Our Suggest are in very dangerous ground, and if you have taken entry with
TATASTEEL and YESBANK, it is best to get out Marginal with them at this time; Also,
be very careful with BHEL and IDFC for any fresh entry; The general market has already
developed a negative bias and is going down; Best to Wait and Watch; Our chances will
come later; But 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 started to develop a negative bias; At 8340 now, in the red, and likely
to go down further; Technically, Support at 8350 is still not breached, but we do not
expect it to hold for long; Next Support is at 8310-8300; Some positive inputs are
now required to take the market out from here; Avoid taking big risks;
Stay Away if you are not sure.

 


 

SMS-3

24Apr(12:30) Mkt in red; Going Flat; No Suggest gave
profit; None look good for LONG now; All can profit
if mkt goes up; Await Europe openng; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
BHEL Still very choppy; Avoid, for now
TATASTEEL Marginal at 373 If you have gone into slight loss at 373,
there can be chance to makeup after 370
YESBANK Marginal at 838 This can also give another chance after 835
AMTEKINDIA Choppy & Uncertain; Avoid, for now
IDFC This can now give chances after 168.50
TITAN Flat at 392; Can give chance after 395

As we said before, you have to be very careful today and should not take any great
risks; No matter what we have written in the box above; Stay Away if you are not
confident about what you are doing; It is better to go profit-less rather than get
into loss; Any wrong move can take you to losses; Stay Away if you are in doubt.

The Nifty has come out of the negative trend we saw in our last Update; A low of
8320 was reached; From there the Nifty has gone back up to almost 8370; At 8360
now, in the red; The Support at 8310 has also worked; We now expect the Nifty to get
into range-bound trading around the 8350 mark; Holding this level is important to avoid
further downside; We still feel that some positive inputs are now required to take the
market out from here; Keep constant 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

24Apr(2:30) Mkt in red; Flat & Choppy; TATASTEEL gave
profit; No Suggest looks good for LONG now; All can
profit if upsurge comes in last hour; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
BHEL Still very choppy; Avoid
TATASTEEL In at 370, Out at 374.50
See > 374.50
Some profits have come; Low chances seen now
YESBANK No further development; Avoid
AMTEKINDIA Going down; Avoid
IDFC Going down; Avoid
TITAN There is still chance after 395

TATASTEEL has come from behind to give us some profits today; If you had taken
position in this earlier today, and was unable to get out on time, TATASTEEL has now
made up the losses; There is nothing more in our Suggests today, except a low chance
in TITAN; But it will be better not to take any chances as the general market is not
improving; Stay Away if you are not confident about your actions; It is better to
go profit-less rather than get into loss; Any wrong move can wipe out your
small profits in TATASTEEL and take you to losses; Best to Stay Away now.

Nifty is at 8340 now, in the red; Trading choppily in the 8330-8360 range since the
last Update; Technically, the Support at 8350 is still holding; But we fear that it might
give up before closing today and the Nifty will fall below 8350; The Nifty has lowered its
level after our last Update in spite of a good opening and positive trading in Europe and
strong opinion that we'll get a RBI rate cut next month; This shows the Bears are
ruling; Next Support is at 8310, and this has already worked once today; Let us
hope this will hold and the Nifty will not fall below 8300 at closing today; Do not
take any unnecessary risks in last hour; Today, we will get a red closing.

 


 

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