IntradayTrade dot Net dot IN
Alerts / Updates

for Tuesday, 02-June-2015


 

SUGGESTS:

 

ARVIND

 

BANKBARODA

 

EVEREADY

 

ALSO SEE:

AMBUJACEM

ASHOKLEY

ITC

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 Tuesday, 02-June-2015

SMS Pre-Market

Suggests: ARVIND BANKBARODA EVEREADY;
Also See: AMBUJACEM ASHOKLEY ITC;
Valid for: 02-June-2015; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 8460, 8490, 8560, 8600, 8630;
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 ahead of the RBI Monetary policy review due today; The RBI is scheduled to announce the outcome of its second bi-monthly monetary policy review for the year 2015-16 at 11:00am today; Rate sensitive shares will be in focus today; While a 25bps rate cut seems to be already factored in and discounted by our market, no rate cut announcement by RBI could see the market take a serious downside, say experts; For the Nifty today, everything will be 'event' driven; Earlier Support and Resistance levels will not be valid today as we may see very big up or down moves; And big fluctuations; Under such circumstances, Intraday Traders wanting to go LONG should wait till the 'event' is over and the market has settled down before taking a stand; In any case, be warned: intraday trading in today's market will be very risky, even for the expert trader; As always, wait for a definite chance; Consider all angles before you buy; Then be quick to get small profits and exit; Buy again if the upsurge holds; Avoid undue risks; Stay Away, if you are not sure;
INR-US$ is at 63.6700; WTI Crude is at $60.20; Brent Crude is at $64.88

 


 

Please note:

We feel it is too risky to trade till the 'Event' is over today;
As such, first SMS and Website Update will be at 11:30am

 


 

BREAKING NEWS (11:05am)

RBI cuts repo rate by 25 bps to 7.25% from 7.5%
RBI policy: CRR unchanged at 4%, further easing depends on monsoon
Market react to RBI policy: Sensex plunges 300 pts, Nifty goes down 60 pts

 


 

SMS-1

02June(11:30) Nifty in red; Going down;
See BANKBARODA>165 EVEREADY>321;
Watch ASHOKLEY>72.50 ITC>326.50;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 11:30am

A flat opening for the Nifty around 8435 today; The Nifty has been going down steadily
since opening today, and the downward momentum has become stronger after the RBI
rate cut was announced; Nifty at 8340 now, in the red; Nearly 100-points down already
and likely to go down further; Next good Support is at 8280-8270; You have to be
very careful today in intraday for LONG; See these if market
upsurge comes now with good volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
BANKBARODA 165 161 166 167 360
EVEREADY 321 315 323 325 180

Also watch ASHOKLEY>72.50 and ITC>326.50 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

02June(12:30) Mkt in red; Going Flat; No Suggest gave profit;
See ITC>327 if mkt turns up; BANKBARODA stuck at 162;
Await Europe openng; See Site -INTDAY

 

Update-2: 12:30pm

Suggest Action - for LONG Comments
ARVIND Going down; Avoid, for now
BANKBARODA Stuck at 162 This can flare up; Watch this..
EVEREADY Choppy and uncertain; Avoid, for now
AMBUJACEM Choppy and Flat; But watch after 239
ASHOKLEY Recovering; Watch after 72.50
ITC See > 327 This is also recovering; Watch this..

Our Suggests are not looking good today, as can be expected; ITC is going with the
general trend and is the only Suggest that looks good as of now; But the odd, sudden
chance can always come on days like today; Needless to say, you have to be very
careful in whatever you do; Keep constant vigil; Look at all angles before you
take a decision; Do not take unnecessary risks; Going into loss is bad;
Stay Away if you are in doubt.

The negative bias seen in the Nifty since morning today, is now gone; The Nifty has
bounced back once it hit 8300 and is in range-bound trading now; There was good
Support at 8270; The Nifty is at 8340, in the red; Asia is closing mixed and Europe
is expected to open in green; But global cues do not have much say today; It is the
impact of the RBI rate cut that is still being analysed; We expect the bounce back
to continue and the Nifty to get back to 8350-level and even try to reach 8400 by
closing today; Keep constant vigil; Take all precautions when you proceed;
Stay Away if you are not certain.

 


 

SMS-3

02June(2:30) Mkt in red; Going down; No Suggest gave profit;
None look good for LONG in the last hour;
Best to Stay Away now; See Site -INTDAY

 

Update-3: 2:30pm

Suggest Action - for LONG Comments
ARVIND All Suggests going down steadily;
Best to Avoid all in last hour
BANKBARODA
EVEREADY
AMBUJACEM
ASHOKLEY
ITC

Our Suggests are all going down and it is best to Avoid this market in the last hour;
We will go profit-less today; But that should be OK; It is better than going into a loss;
Do not take undue risks in the last hour; It may be best to Stay Away now.

The upward movement of the Nifty above 8350 and even till 8400, as we had
expected, never happened; Instead, we saw a steady downside from 8350 right upto
8250; The Nifty is at 8250 now, deep in the red; Almost 200-points down from last
closing; This will be a record of sorts; More downside possible; All major Supports
have been broken; However, this level of 8250 is good Support that has proved very
strong in the past; This might hold for some time; Next Support worth anything is
at 8170; Globally, the situation is as bad, as Asia is closing almost all in the
red and Europe has also turned red now; Do not take any chances; Do not
take any unnecessary risks in last hour; Today, we will close red.

 


 

Please also see our Today's Performance or Details page