IntradayTrade dot Net dot IN
Alerts / Updates

for Friday, 22-May-2015


 

SUGGESTS:

 

AMTEKAUTO

 

COALINDIA

 

HDIL

 

ALSO SEE:

FORTIS

RECLTD

SBIN

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, 22-May-2015

SMS Pre-Market

Suggests: AMTEKAUTO COALINDIA HDIL;
Also See: FORTIS RECLTD SBIN;
Valid for date: 22-May-2015; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 8440, 8460, 8500, 8560, 8600;
NIFTY Support levels are: 8400, 8380, 8360, 8330, 8280;

 

Pre-Market Alert: 9:15am

Another flat opening and cautious trading is expected from our markets today following
mixed trend seen in other Asian markets; Yesterday, the Nifty closed flat after trading in
a narrow range of only around 60-points the whole day; US markets closed with small
gains last night, and Asian markets are trading mixed this morning; Japan's Nikkei is
mildly in the negative as investors await the latest policy decision from the Bank of
Japan; At home, in the absence of any triggers in the near term, the Nifty is likely to
trade in a band between 8380 and 8460, and the actions will be more visible in
individual stocks; We would have to see if the Nifty manages to cross the technically
crucial Resistance of 8440-8460 at closing today, and if it does, some healthy buying
should come in before Expiry next week; There is good Support at 8400-8380;
As always, wait for a definite chance; Consider all angles before you buy; Take
small profits and exit; Buy again if the upsurge holds; Avoid unnecessary
risks; Stay Away, if you are not sure;
INR-US$ is at 63.6100; WTI Crude is at $60.72; Brent Crude is at $66.54

 


 

SMS-1

22May(10:00) Flat openng; Going good;
See FORTIS>173 SBIN>299;
Watch AMTEKAUTO>160.50 RECLTD>307.50;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

A flat opening for the Nifty today around 8430; The Nifty has been choppy at the start,
but has now developed a slight positive bias; At 8440 now, in the green, having come
up from the line at 8420; We expect the Nifty to carry on with the positive bias and go
towards 8450; This 8440-8450 is a tough Resistance to cross; Meanwhile, you should
have already got some profits from SBIN following our PricePoints; SBIN should have
been in at 297 and out at 298.50; You can Hold SBIN>299 if still in, with a StopLoss
of 295; Otherwise, see these if market upsurge comes now with good volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
FORTIS 173 170 174 176 340
SBIN 299 295 301 305 200

Also watch AMTEKAUTO>160.50 and RECLTD>307.50 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

22May(11:00) Mkt has +ve bias; No Suggest gave profit;
Hold RECLTD>308 SBIN>299 if in; See COALINDIA>374
FORTIS>172.50 now if mkt upturn holds; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
AMTEKAUTO Flat & Uncertain; Avoid, for now
COALINDIA See > 374 Recovering after a fall; Watch this..
HDIL Flat & Uncertain; Avoid, for now
FORTIS See > 172.50 Flat & Steady; Watch this..
RECLTD In at 307.50
Hold>308, SL-304
Marginal till now; Can give profits later
SBIN In at 297, Out at 299
Hold>299, SL-295
Has flattened out; Careful with this..

Our Suggests are out of sync today; While the Nifty was going up smartly after opening
today, some of our Suggests were actually falling; Although we have placed our faith in
RECLTD and SBIN at this time, be very careful with them and get out Marginal if you
are in any doubt; Wait patiently for the right entry point if you want to get in fresh;
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.

Nifty has carried on with the positive bias, just as we had predicted; 8450 has been
crossed confidently; Nifty is at 8565 now, in the green; Technically, we are still within
the Resistance of 8460, which is expected to be difficult to cross; There is Support
at 8420-8400; The main task for the Nifty now will be to hold 8450-level;
Avoid taking any big, unnecessary risks; Stay Away if you are not sure.

 


 

SMS-3

22May(12:30) Mkt in green; +ve bias; 4 Suggests gave profit;
Hold AMTEKAUTO>162.50 COALINDIA>375.50 RECLTD>310;
See SBIN>299 if upsurge holds; See Site -INTDAY

 

Update-3: 12.30pm

Suggest Action - for LONG Comments
AMTEKAUTO In at 160.50, Out at 162.50
Hold>162.50, SL-158
Profits came following previously given level;
There can be more here today
COALINDIA In at 374, Out at 375.50
Hold>375.50, SL-372
There can be more profits here today
HDIL Going down; Avoid, for now
FORTIS Flat & Uncertain; Avoid, for now
RECLTD Out at 309.50
Hold>310, SL-307
This can give more, But be careful..
SBIN Out at 299.40
See again > 299
Low chances seen here; But keep watching..

Our Suggests are not giving any great performance today even when the Nifty is doing
a very good job; As we said before, this requires you to be extra careful when going
LONG in intraday; In fact, if you have made sufficient profits for the day, it is best for
you to close trading and take home your profits; Do not lower your guard; Be very
careful if you are holding; Get out at the slightest signs of decline; Look at all angles
before you take a decision; Do not take unnecessary risks; Any wrong move can
take away your profits and lead you to losses; Better to Stay Away now.

Nifty has carried on with the positive bias, and is at 8475 now; A high of 8480 was
touched just now; Resistance at 8460 looks to be covered; Next target is 8500; But
be warned, all this is happening based on good global cues and expectation that Europe
will open good; There are no domestic cues except the feel-good factor of Modi govt's
one year in office; We doubt whether this upsurge will reach 8500; Keep constant
vigil, protect your profits, if any, and take all precautions when you proceed;
Stay Away if you are not certain.

 


 

SMS-4

22May(2:30) Mkt in green; Flat; 3 Suggests gave profit;
AMTEKAUTO COALINDIA RECLTD good for more in LONG
if upsurge comes again in last hour; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
AMTEKAUTO No further development after last Update;
This can give you another chance after 162
COALINDIA Out at 376 This seems to have levelled out now;
But keep watching..
HDIL Flat & Uncertain; Avoid
FORTIS Going down; Avoid
RECLTD Out at 311
Hold>311, SL-308
This can give more in last hour; But be careful..
SBIN Out at 305 There was a 2nd chance; Best to avoid now

Our Suggests have done an OK job today, and RECLTD can give more in the last hour;
We are not very hopeful with AMTEKAUTO and COALINDIA and the rest; We say this
again: if you have made sufficient profits for the day, it is best for you to stop trading
and take home your profits; The general market has levelled out and may start to
decline; Do not take undue 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.

As we had correctly estimated in our last Update, there was not much strength in the
Nifty to reach 8500; Nifty reached a high of 8490 after our last Update and has started
to come down after that; At 8460 now, in the green, having touched a low of 8450;
Asian markets have turned green but Europe is trading mixed; And there are no local
triggers; The Resistance at 8460 has come into play again; But we still feel that the
Nifty will give a closing today above the crucial 8440-8450 level; 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