IntradayTrade dot Net dot IN
Alerts / Updates

for Wednesday, 06-May-2015


 

SUGGESTS:

 

AMTEKINDIA

 

ONGC

 

TATASTEEL

 

ALSO SEE:

CENTRALBK

JETAIRWAYS

NCC

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, 06-May-2015

SMS Pre-Market

Suggests: AMTEKINDIA ONGC TATASTEEL;
Also See: CENTRALBK JETAIRWAYS NCC;
Valid for: 06-May-2015; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 8350, 8370, 8400, 8430, 8460;
NIFTY Support levels are: 8280, 8250, 8220, 8190, 8150;

 

Pre-Market Alert: 9:15am

A lower opening and uncertain trading is expected in our markets today tracking
weakness among the global peers as investors were spooked by a vicious selloff
in sovereign bonds globally; US markets closed lower last night as investors took
advantage of the sudden rise in bond selling prices and an unexpectedly wide March
US Trade Deficit; Europe too closed with sharp losses and Asia is trading at multi-
week lows today morning; We expect some effect of these events in our domestic
market today; Most importantly, the upward bias may get negated; After a strong
pullback on Monday, there was some consolidation yesterday, but we were expected
to continue on the journey towards 8450-8480 first, and then up to 8500-8550 on
the Nifty, once we get past the Resistance at 8330-8350 convincingly; But we did
not think it was happening this week; Now, global events might push it further away;
In a related event today morning, Bombay High Court has issued a Stay Order on the
income tax department's decision to impose minimum alternate tax (MAT) on Aberdeen
Global Emerging Markets on technical grounds; This might not spark a sharp rally in
the markets, but it is a step in the right direction; We still need some strong domestic
trigger to get past this current barrier of 8330-8350; Strong Support at 8180-8140
is still active; Intraday traders wanting to go LONG will need to stay 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 63.3550; WTI Crude is at $60.40; Brent Crude is at $67.52

 


 

SMS-1

06May(10:00) Flat openng; Going down sharply;
See TATASTEEL>378 JETAIRWAYS>410;
Watch CENTRALBK>110 NCC>99;
All for LONG, ONLY IF MKT TURNS UP; See site -INTDAY

 

Update-1: 10:00am

A flat opening for the Nifty today around 8325; The Nifty has been flat and choppy
around 8300 for about 15-min after opening, when a sharp, sudden downside started
that took the Nifty down 150-points, from 8310 to 8160, in the space of 17-min; The
Nifty has paused at the 8160 level and is at 8180 now, in the red; This region of 8180-
8140 is strong Support and it is expected that the Nifty will find it difficult to go below
this; But the downside momentum is strong and some more losses might come
before the Nifty stabilises; Meanwhile, see these ONLY if market reverses
and upturn comes with increasing volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
TATASTEEL 378 370 381 383 150
JETAIRWAYS 410 400 414 416 140

Also watch CENTRALBK>110 and NCC>99 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

06May(11:00) Mkt -ve & choppy; No Suggest gave profit;
None looks good at this time, but all can profit from
present lows if mkt turns up; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
AMTEKINDIA Choppy & Low Volume; But watch after 116
ONGC Turning around; Watch after 338
TATASTEEL Flat & Choppy; Should be watched after 378
CENTRALBK Going down; Avoid, for now
JETAIRWAYS Going flat; Watch after 400
NCC Turning up; Watch after 98

As can be expected on a day like today, our Suggests are not in a position to deliver
profits in LONG; Not, as yet; Nothing is expected to happen until the market hits
bottom and starts to move up; You should hold your reins till then; Do not be in
a hurry to get in; 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 Support at 8180-8140 has been successful in stopping the downward fall of the
Nifty; The index has been in the 8150-8180 band since the last Update; The downward
bias is gone now, and Nifty is trading range-bound; We expect the Nifty to hold these
levels for some more time before moving upwards; Avoid taking big risks;
Stay Away if you are not sure.

 


 

SMS-3

06May(12:30) Mkt in red; Going down; No Suggest gave profit;
None look good for LONG now; All can profit from present
lows if mkt turns up; See Site -INTDAY

 

Update-3: 12.30pm

Suggest Action - for LONG Comments
AMTEKINDIA Choppy & Low Volume; Avoid, for now
ONGC Flat & Choppy; Avoid, for now
TATASTEEL Flat & Choppy; Avoid, for now
CENTRALBK Choppy & Low Volume; Avoid, for now
JETAIRWAYS Going down; Avoid, for now
NCC Going down; Avoid, for now

None of our Suggests look capable of giving ant profits, even if the markets turns up a
little bit; Things are going from bad to worse; Today we should be prepared to go back
profit-less; At least, it will be better than going back with losses, like yesterday; But
the odd, quick chance can always come; If you think that you have a chance, look
at all angles carefully 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 Support at 8180-8140 has technically not been taken out as yet; The Nifty is at
8125 now, deep in the red; Has been in the 8120-8150 range since the last Update;
A slight, gradual downside is now seen instead of heavy negative momentum; Next
major Support is at 8100; Downside till that is expected; Globally, Asia is closing
with losses but Europe might open in the green; But experts are saying we will
see more correction; Keep constant vigil and take all precautions before
you decide on what to do; Stay Away if you are not certain.

 


 

SMS-4

06May(2:30) Mkt in red; Flat & Quiet; JETAIRWAYS NCC
gave small profit; No Suggest looks good for LONG in
last hour; Best to Stay Away now; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
AMTEKINDIA Choppy & Low Volume; Avoid
ONGC Going down; Avoid
TATASTEEL Low chances seen; Avoid
CENTRALBK Choppy & Low Volume; Avoid
JETAIRWAYS In at 395, Out at 399 Down to 386; But can give another chance
NCC In at 97, Out at 98.25 This can also give a 2nd chance

There were two difficult and risky chances for profits from our Suggests, but they were
get-able; Those two are capable of giving some more in the last hour; The others have
not performed today; The general market has remained down throughout the day; It is
best to give up and go home now, specially if you have already made some profits
today; Do not take unnecessary risks in last hour; Any wrong move can take
you to losses; It is best to Stay Away now.

The Support at 8100 has done well and has prevented the Nifty from falling further;
More importantly, it was successful in nagating the strong downward momentum we
saw in the morning; The Nifty is at 8125 now, deep in the red, 200-points down from
yesterday's closing and very much below the 200-DMA of 8254.17; This is not a good
sign, and predicts further downsides; Globally, Asia is closing with losses but Europe
is mostly in the green; There are no domestic triggers; Salman Khan's sentence
only added to the gloom; Do not take any unnecessary risks in last hour;
Today, we will close red.

 


 

Please also see our Today's Performance or Details page