IntradayTrade dot Net dot IN
Alerts / Updates

for Wednesday, 29-Apr-2015


 

SUGGESTS:

 

AMTEKINDIA

 

IDEA

 

PETRONET

 

ALSO SEE:

HDIL

ICICIBANK

UPL

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 Wednesday, 29-Apr-2015

SMS Pre-Market

Suggests: AMTEKINDIA IDEA PETRONET;
Also See: HDIL ICICIBANK UPL;
Valid for date: 29-Apr-2015; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 8330, 8350, 8400, 8430, 8460;
NIFTY Support levels are: 8260, 8220, 8180, 8160, 8130;

 

Pre-Market Alert: 9:15am

A flat opening and cautious trading is expected again in our markets today; There
was a sharp recovery in the second half of trading yesterday mainly because of short
covering at lower levels that helped the Nifty to snap a three-day losing streak; The
index momentarily reclaimed the 8300 mark to touch 8308 before surrendering a part
of the gains in the last 30 minutes of trade; Markets are likely to remain volatile today
ahead of the April derivative contracts tomorrow; Globally, US markets ended higher
last night but Asian stock markets are trading with marginal losses on profit booking;
Investors are also cautious ahead of the US Federal Reserve two-day policy meet
which ends later today; Japan is closed today; For our market, the overall trend is
still negative but the relief rally might continue for another 50-points today; Strong
Support at 8180 should hold and Support at 8130 will be the limit for the downfall for
now; As long as Nifty can hold this level, there should not be any panic; On the higher
side, Resistance at 8280 is where we are now and 8330 will be the next hurdle 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 & exit;
Buy again if upsurge holds; Avoid unnecessary risks; Stay Away,
if you are not sure about what to do;
INR-US$ is at 63.2500; WTI Crude is at $57.06; Brent Crude is at $64.64

 


 

SMS-1

29Apr(10:00) Flet openng; Flat & Choppy;
See HDIL>116.50 ICICIBANK>332;
Watch PETRONET>171 UPL>477;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

A flat opening for the Nifty today around 8275; The Nifty had slipped down to 8250
at the opening bell itself but had immediately recovered and jumped back to 8290;
Going choppy around the line now, with the Nifty at 8270; In the red; We expect
the Nifty to hold position around the line, in the 8260-8290 range till our next
Update and develop a positive trend later in the day; Meanwhile, see these
if market upturn comes with increasing volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
HDIL 116.50 114 118 120 510
ICICIBANK 332 327 334 338 180

Also watch PETRONET>171 and UPL>477 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

29Apr(11:00) Mkt -ve & going down; No Suggest gave
profit; See ICICIBANK>332 now; All can profit
if mkt turns up; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
AMTEKINDIA Taken a fall; Recovering; Watch after 108
IDEA Going down; Avoid, for now
PETRONET Choppy & Uncertain; Avoid, for now
HDIL Flat & Uncertain; Watch after 115
ICICIBANK See > 332 Old levels are still valid
UPL Going down slowly; Avoid, for now

Our Suggests have not started to perform as yet, today; The general market is on the
way down; This kind of market is not suitable for intraday trading in LONG; So, be extra
careful and alert; 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 developed a negative bias instead of remaining range-bound, as we had
predicted in our last Update; Has come down to touch 8220; Nifty at 8230 now, in the
red; There can be some more downside, but the Support at 8180 should hold today;
We still feel that we will see some upside for the Nifty later today towards 8300;
Avoid taking big risks; Stay Away if you are not sure.

 


 

SMS-3

29Apr(1pm) Mkt in red; Recovering; 3 Suggests gave profit;
Hold PETRONET>172 ICICIBANK>334 UPL>482;
Await Europe openng; See Site -INTDAY

 

Update-3: 1pm

Suggest Action - for LONG Comments
AMTEKINDIA Flat & Choppy; Watch after 108
IDEA Stuck at 186; Can flare up now
PETRONET In at 171, Out at 172
Hold>172, SL-169
There can be more here today
HDIL Still very Flat; Watch after 115
ICICIBANK In at 332, Out at 334
Hold>334, SL-330
There can be more here today
UPL In at 477, Out at 482
Hold>482, SL-474
There can be more here today

Our Suggests have started to perform, as was expected, as the Nifty has started to
improve; All 6 of our Suggests are in position to give profits today also, if the upsurge
in the Nifty persists; 3 of them are, of course, better placed; But do not lower your
guard; Profit booking downside can come anytime; Be very careful now if you are
holding; Do not take unnecessary risks; Any wrong move can take away your
profits and put you into losses; Get out at the slightest hint of trouble.

The upsurge in the Nifty that we had expected later in the day, has come rather
quickly and is on its way to hit 8300; The Nifty is at 8285 now, on the line, having
come up from the day's low of 8220; We are now at the Resistance zone of 8280-8300
and this will be difficult to cross; We still feel that we will see some more upside from
here above 8300; Holding this level of 8280-8300 is important to avoid further
downside; Keep constant vigil and take all precautions before you decide on
what to do; Protect your profits and Stay Away if you are not certain.

 


 

SMS-4

29Apr(2:30) Mkt on the line; 4 Suggests gave profit; Hold
HDIL>116.50 ICICIBANK>335 if upsurge comes again in
last hour; Protect your profits; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
AMTEKINDIA No development; Avoid
IDEA Very Flat; No development; Avoid
PETRONET Out at 176.50 Going down; No point holding
HDIL In at 115, Out at 116.50
Hold>116.50, SL-113.50
Very choppy; No point holding this also
ICICIBANK Out at 334.80
Hold>335, SL-331
Same here; No point holding this also
UPL Out at 483 Going down; No point holding

Our Suggests have given adequate results today and there is no point holding on to any
of them, irrespective of what we have written in the box above; It is now time to protect
your profits for the day; Do not get over-enthusiastic and take any bad risk in the last
hour; Any wrong move can take away your profits and put you into losses;
It is best to Stay Away now.

The upsurge in the Nifty from the day's low of 8220 hit a high of almost 8310 after
our last Update, but has come down from there; Nifty is at 8280 now, in the red;
Trading in the 8260-8290 range for some time; There are no positive cues as Asia
is closing mostly red, Europe is mixed and the Rupee is weak at 63.2200; There is
nothing to hold the Nifty up; 3 times today, the index has gone into the green only
to be dragged down back into the red again; This trend is likely to continue till
closing today; However, we do not see any big move, up or down; A closing
between 8250 and 8300 is what we are hoping for; Do not take any
unnecessary risks in last hour; Today, we will close flat/red.

 


 

Please also see our Today's Performance or Details page