IntradayTrade dot Net dot IN
Alerts / Updates

for Monday, 01-June-2015


 

SUGGESTS:

 

AMBUJACEM

 

ITC

 

RCOM

 

ALSO SEE:

ALBK

EVEREADY

FORTIS

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 Monday, 01-June-2015

SMS Pre-Market

Suggests: AMBUJACEM ITC RCOM;
Also See: ALBK EVEREADY FORTIS;
Valid for date: 01-June-2015; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 8440, 8470, 8500, 8560, 8600;
NIFTY Support levels are: 8400, 8370, 8330, 8280, 8250;

 

Pre-Market Alert: 9:15am

A flat opening and cautious trading is expected from our markets today tracking
down cues from global markets; On Friday last, the Nifty rose 1.38% and ended at
8433, closer to the psychological 8500, which analysts say is a key Resistance, as
investors bought shares of interest rate-sensitive banking and automobile stocks in
anticipation of a rate cut by RBI to bolster economic recovery; However, except for
China, Hongkong and New Zealand, all world markets are in the red at this time; Our
stock market is likely to remain volatile ahead of RBI's policy review to be announced
tomorrow at around 11am; While a 25bps rate cut seems to be already factored in by
our market, no rate cut announcement by RBI could see the market take a serious
tumble, say experts; For the Nifty today, we expect the positive bias seen last Friday
to continue with a little more caution unless we get early feedback on the RBI policy;
8400 should be held by the Nifty; Earlier Resistances at 8460-8470 will come into
play once again; There is first Support at 8370-8350; 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 undue risks; Stay Away, if you are not sure;
INR-US$ is at 63.7800; WTI Crude is at $60.30; Brent Crude is at $65.56

 


 

SMS-1

01June(10:00) Flat openng; Going Flat;
See AMBUJACEM>241 ITC>332;
Watch RCOM>68.30 EVEREADY>312;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

A flat opening for the Nifty around 8430 today; The Nifty has been flat and quiet
around the line since opening today; At 8430 now, on the line; No particular bias
is seen at this time, but we expect something positive to happen by the time
of our next Update; There is good Resistance in the 8460-8470 region;
Meanwhile, see these if market upsurge comes now with good volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
AMBUJACEM 241 238 243 244 240
ITC 332 328 334 338 180

Also watch RCOM>68.30 and EVEREADY>312 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

01June(11:00) Mkt has slight +ve bias; ITC gave small profit;
Hold ITC>333 if in; See AMBUJACEM>241 RCOM>68.30
now if mkt turns up; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
AMBUJACEM See > 241 There is chance here; But be careful..
ITC In at 332, Out at 333
Hold>333, SL-328
There can be more here today
RCOM See > 68.30 Flat & Choppy now, but watch this..
ALBK Flat & Uncertain; Avoid, for now
EVEREADY Stuck at 308; Can flare up suddenly
FORTIS Flat & Uncertain; Avoid, for now

Our Suggests are a mixed bag today; Some look like giving good profits while some
others look very dangerous and can lead you to losses; Most of this uncertainty is
because the general market does not know what to do; Thing are likely to remain like
this till the RBI announcement tomorrow; Don't lower your guard; Keep constant
vigil and be very careful; Look at all angles before you take a decision; Do not
take unnecessary risks; Any wrong move can lead you to losses;
Stay Away if you are in doubt.

The Nifty has developed a slight positive bias, exactly as we had expected; At 8445
now, in the green; Likely to go up further; As we said, there is good Resistance in the
8460-8470 region; This needs to be crossed for further upside; First Support is now at
8380-8370; Remember, profit booking downsides can come anytime at higher levels;
Avoid taking any unnecessary risks; Stay Away if you are not sure.

 


 

SMS-3

01June(12:30) Mkt in green; Choppy; ITC added slight profit;
Hold ITC>334 if in; No other looks good at this time;
Await Europe openng; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
AMBUJACEM Just touched our Trigger at 241; There was
no entry here; But keep watching..
ITC Out at 333.50
Hold>334, SL-329
Going down; Be careful with this now..
RCOM Flat & Choppy; Avoid, for now
ALBK Flat & Uncertain; Avoid, for now
EVEREADY Still stuck at 308; Avoid, for now
FORTIS Going down; Can turn around; Watch this..

Our Suggests are not looking good anymore; Even ITC looks vulnerable; The general
market has flattened out; Global cues are not supportive; Volumes are low; It is as if
everybody is waiting for tomorrow; Today's market has become irrelevant; For us also,
it is best to keep a distance now, and watch what is happening; We will get back on
board if some movement comes; Keep constant vigil; Look at all angles before you
take a decision; Do not take unnecessary risks; Stay Away if you are in doubt.

The positive bias seen in the Nifty in our last Update, has now gone; The brief upward
journey of the Nifty got stopped at the Resistance at 8470; From about 11:30am the
Nifty has started to fall slowly; At 8450 now, in the green; A low of 8440 was touched;
Globally, China is in a huge rally and is almost +4.65% high; Europe is also expected
to open higher on the China effect; We expect the Nifty to get into range-bound
trading now in the broad 8440-8470 range and develop a positive bias once
again towards the end of the day; Keep constant vigil; Take all precautions
when you proceed; Stay Away if you are not certain.

 


 

SMS-4

01June(2:30) Mkt in green; Choppy; EVEREADY gave profit;
AMBUJACEM Marginal; ITC EVEREADY good for more in
LONG if upsurge comes in last hour; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
AMBUJACEM Marginal at 241 Hovering just under 241; Keep watching..
ITC Can give more in last hour;
But chances are very low
RCOM This has disappointed today; Avoid
ALBK This has disappointed today; Avoid
EVEREADY In at 310, Out at 314.50 This can also give more in last hour;
But chances are very low
FORTIS This has disappointed today; Avoid

We are not very hopeful of our Suggests adding any profit in the last hour; Including
ITC and EVEREADY; The general market has become choppy and undecided; For us, it
is back to the basics: if you have made any profits at all today, it is time to stop trading
and take home your profits; Even if you have not made anything, it is better to go
profit-less rather than get into a loss; Do not take undue risks in the last hour;
It may be best to Stay Away now.

The Nifty has turned choppy after our last Update, and had even gone into the red zone
briefly; At 8440 now, just above the line; Had been in the 8430-8470 range, just as we
had thought; Global cues are still supportive as Europe is all in the green; But there are
no domestic cues; All seem to be waiting for RBI action tomorrow; The upside that we
had predicted just before closing today, is yet to come; Might not come; We expect
the Nifty to remain quiet in a range in the last hour; It will be great if the Nifty can
hold 8450-level at closing today; Do not take any chances; Protect your profits, if
any; Do not take any unnecessary risks in last hour; Today, we will close flat/green.

 


 

Please also see our Today's Performance or Details page