IntradayTrade dot Net dot IN
Alerts / Updates

for Wednesday, 20-May-2015


 

SUGGESTS:

 

AMTEKINDIA

 

PETRONET

 

RELINFRA

 

ALSO SEE:

HEXAWARE

HINDALCO

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 Wednesday, 20-May-2015

SMS Pre-Market

Suggests: AMTEKINDIA PETRONET RELINFRA;
Also See: HEXAWARE HINDALCO TITAN;
Valid for: 20-May-2015; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 8380, 8430, 8460, 8500, 8560;
NIFTY Support levels are: 8330, 8280, 8240, 8180, 8150;

 

Pre-Market Alert: 9:15am

Indian markets are expected to open on a positive note today tracking positive trend
seen in many global markets; Yesterday, the Nifty took a pause and ended the day in
the red after flip-flopping between red and green zones through the day in about a
100-point range; The Nifty reclaimed 8400 for the first time since 24-Apr in intraday
trade, but ended the day below that psychological mark; There was a sudden 100-
point profit booking fall towards the end of the day that wiped off all the day's gains;
Overnight, US stocks ended mixed, but the Dow gained marginally to a 2nd straight
record high, as April US housing data showed starts jumping to their highest level in
nearly 7-1/2 years; Asian markets are trading mixed at this time; At home, the Nifty
is expected to retest the crucial level level of 8400 in early trade today; As we have
seen yesterday, there is Resistance at 8420, and then at 8450-8460; There is good
Support at 8330 and then at 8280; As always, wait for a definite chance; Consider
all angles before you buy; Take small profits and exit; Buy again if the upsurge
holds; Sudden profit taking downsides like yesterday can come anytime;
Avoid unnecessary risks; Stay Away, if you are not sure;
INR-US$ is at 63.7800; WTI Crude is at $57.26; Brent Crude is at $64.02

 


 

SMS-1

19May(10:00) Gap-up openng; Going up;
See RELINFRA>461 HEXAWARE>277;
Watch AMTEKINDIA>146 PETRONET>186;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

A 30-point gap-up opening for the Nifty today around 8400; The Nifty has
developed a good positive bias after opening and is already at 8440 now, in the
green; There is strong Resistance at this zone and a pause is expected now,
before the upside resumes; Meanwhile, see these if market upsurge
continues now with increasing volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
RELINFRA 461 455 464 470 130
HEXAWARE 277 274 279 280 210

Also watch AMTEKINDIA>146 and PETRONET>186 if upsurge
continues now; Take position in above scrips only if you are
absolutely confident; All for LONG; Stay Away if not sure.

 


 

SMS-2

19May(11:00) Mkt +ve & flat; HEXAWARE gave profit; Hold
HEXAWARE>279 if in; See PETRONET>186 TITAN>383
now if mkt upturn resumes; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
AMTEKINDIA Choppy & Low Volume; Avoid, for now
PETRONET See > 186 Might give chances later today
RELINFRA Flat & Uncertain; Avoid, for now
HEXAWARE In at 277, Out at 279
Hold>279, SL-276
There can be more here today
HINDALCO Flat & Quiet; But there can be chances here
TITAN See > 383 Very Choppy; But this can give profits

Small profits have come from HEXAWARE following the levels we gave in the last
Update; Like yesterday, the going will be difficult from here onwards as the general
market has levelled out; You must wait patiently if you want to enter fresh; Be quick
when you get a good opportunity; But opportunities will be very few today, we feel;
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.

As we had correctly estimated, the Nifty has taken a pause in the 8420-8440 area after
our last Update; At 8410 now, in the green; Holding on to the 8400-level; The slight
positive bias we saw in the last Update, is no longer visible, but there is every chance
that it will be revived soon; Strong Resistance at 8450-8460 needs to be crossed;
Avoid taking big risks; Stay Away if you are not sure.

 


 

SMS-3

19May(12:30) Mkt in green; Flat & Choppy; None gave profit;
Hold PETRONET>186.50 HEXAWARE>279.50 if in;
See HINDALCO>140; Await Europe openng; See Site -INTDAY

 

Update-3: 12.30pm

Suggest Action - for LONG Comments
AMTEKINDIA Choppy & Low Volume; Avoid, for now
PETRONET In at 186
Hold>186.50, SL-184
Marginal till now; Might give some profits
RELINFRA Going down; Avoid, for now
HEXAWARE Out at 279.50
Hold>279.50, SL-276
Seems to have levelled out; Careful..
HINDALCO See > 140 There can be chances here; Careful..
TITAN Very Choppy & Low Volume; Avoid, for now

Nothing much has been happening with our Suggests since the last Update, as was
expected; The general market has gone down a little, instead of improving; There is
not much hope for any further profits in LONG today, unless we get some trigger;
Do not lower your guard; Be very careful if you are holding; Get out at the slightest
signs of trouble; Look at all angles before you take a decision; Do not take undue
risks; Any wrong move can take away whatever small profits you have made
so far, and take you to losses; Stay Away if you are in doubt.

The Nifty has taken a fall and is at 8415 now; A low of 8400 was touched just now,
down from 8440; Nifty is still in the green and still holding on to 8400-level; Strong
Resistance at 8450-8460 has prevented further rise; 8400 has acted as good Support;
We expect the Nifty to continue in a range, lowered now to 8400-8430, unless we get
some trigger; Keep constant vigil, protect your profits, if any, and take all
precautions when you proceed; Stay Away if you are not certain.

 


 

SMS-4

19May(2:30) Mkt in green; Choppy; PETRONET added 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
PETRONET Out at 187.70 There is still chance for more in last hour
RELINFRA Going down; Avoid
HEXAWARE No further progress; Avoid
HINDALCO Flat & Uncertain; Avoid
TITAN Going down & Low Volume; Avoid

As was expected, no progress was made by our Suggests after the last Update, except
marginally by PETRONET; The general market is flat, choppy and uncertain; We do not
expect anything much to happen in the last hour; It is best now to Stay Away now and
take home whatever profits you have made; Do not take unnecessary risks in the last
hour; Any wrong move can take away your profits and take you to losses;
It is best to Stay Away now.

The Nifty has remained in the 8400-8430 range since our last Update; Nifty is at 8420
now, in the green, still holding on to early gains and holding the 8400-mark; Asian
markets are closing mixed, Europe is all in the red, the Rupee is holding at 63.7755
and there are no domestic cues; Under such circumstances, we do not expect anything
much to happen in the last hour; Only question is whether the First Resistance at 8430
will hold at the closing today; Support at 8400 should hold; It is best to Stay Away
from this market now; Protect your profits and do not take any unnecessary
risks in last hour; Today, we will close green.

 


 

Please also see our Today's Performance or Details page