IntradayTrade dot Net dot IN
Alerts / Updates

for Tuesday, 16-June-2015


 

SUGGESTS:

 

AMTEKAUTO

 

ICICIBANK

 

IDEA

 

ALSO SEE:

CAIRN

FRL

SINTEX

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, 16-June-2015

SMS Pre-Market

Suggests: AMTEKAUTO ICICIBANK IDEA;
Also See: CAIRN FRL SINTEX;
Valid for date: 16-June-2015; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 8060, 8110, 8160, 8190, 8240;
NIFTY Support levels are: 7980, 7940, 7910, 7880, 7850;

 

Pre-Market Alert: 9:15am

A weak opening and cautious, held-back trading is expected again in our markets
today following negative cues from global markets; The Europe crisis centered around
the collapse of talks between Greece and its creditors, continues; However, the Nifty
ended higher yesterday shrugging off weak European cues amid buying in index
heavyweights, on account of better-than-expected factory output data and steady
inflation; The Nifty has barely managed to hold on to the 8000-level at closing;
In another good news, about 77% of the country has received excess or normal rain
since June 1; For the Nifty today, we feel there will be action around 8000-level again
today as it might be difficult to hold down the Bears; A technical bounce-back is still
expected, but that cannot come until 8050 is crossed on the upside with confidence;
There is good Support at 7940-7910; As always, wait for a definite chance, except
that you have to be extra careful in a falling market; 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 64.0550; WTI Crude is at $59.52; Brent Crude is at $62.61

 


 

SMS-1

16June(10:00) Flat openng; Flat & quiet;
See AMTEKAUTO>155 FRL>117;
Watch ICICIBANK>297 IDEA>175;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

A flat opening for the Nifty around 8010 today; The Nifty had gone down slightly
below 8000-level after opening to touch a bottom of almost 7970; Fluctuating quietly
around 7980 now, in the 7970-7990 range; We expect the Nifty to continue in this
range and eventually hold the 8000-level, but a slight negative bias may develop
now; There will be choppiness; Meanwhile, see these if market
upsurge comes now with good volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
AMTEKAUTO 155 152 156 157 380
FRL 117 112 118 120 510

Also watch ICICIBANK>297 and IDEA>175 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

16June(11:30) Mkt -ve & flat; ICICIBANK gave small profit;
Hold ICICIBANK>298 if in; See CAIRN>186 FRL>116
now if mkt turns up; See Site -INTDAY

 

Update-2: 11:30am

Suggest Action - for LONG Comments
AMTEKAUTO Going down; Avoid, for now
ICICIBANK In at 397, Out at 298
Hold>298, SL-295
There can be more here today
IDEA Going down; Avoid, for now
CAIRN See above 186 There can be something here; Watch this..
FRL See above 116 This also can give something, but be careful..
SINTEX Going down; Avoid, for now

Like yesterday, proceedings for the day has been started by ICICIBANK, and some
small profits have come; Two others are also showing promise; But no serious and
sustained profits can come unless the Nifty starts to go up beyond 8000-level; You
have to be very careful, even with ICICIBANK; Keep constant vigil; Look at all angles
before you take a decision; Then be quick about it; Any wrong move can lead you
to losses; Do not take unnecessary risks; Stay Away, if in doubt.

The Nifty has remained in a range, but the negative bias we feared, did not come;
Nifty at 7990 now, in the red; Trading quietly in the 7975-7995 range; Going very flat;
We expect the Nifty to carry on with range-bound trading, unless we get some trigger;
Slight positive bias should come later in the day to get past 8000 and into the green;
Avoid taking any unnecessary risks; Remember, any wrong move can lead you
to losses; Stay Away if you are not sure.

 


 

SMS-3

16June(12:30) Mkt in red; Going Choppy; No Suggest gave
profit; Only ICICIBANK>298 looks good now for LONG;
Await Europe openng; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
AMTEKAUTO Going down; Avoid, for now
ICICIBANK See above 298 This can give another chance
IDEA Going down; Avoid, for now
CAIRN Going down; Avoid, for now
FRL Can turn around; Watch after 115
SINTEX This can also turn around; Watch after 101.50

Our Suggests are on a steady decline since the last Update; No Suggest, not even
ICICIBANK, could produce any results; At this time, none actually looks good for
LONG, but there is hope in three of our Suggests if the general market improves and
the Nifty climbs above 8000; Keep constant vigil; Think 20 times before you take
a decision; Do not take unnecessary risks; Any wrong move can lead
you to losses; Stay Away, if in doubt.

Looking at the situation objectively, the Nifty is actually doing a good job of holding
its position just below the 8000-mark since opening today; It has not fallen, and the
First Support at 7980 is still holding; Nifty is at 7985 now, in the red, trading quietly
still in the 7975-7995 band; We expect the Nifty to carry on with range-bound trading,
unless we get a trigger; And we still feel that a slight positive bias should come later
in the day to get past 8000 and into the green; Keep constant vigil; Avoid taking
any unnecessary risks; Remember, it is better to go profit-less rather than
get into loss; Stay Away if you are not certain.

 


 

SMS-4

16June(2:30) Mkt in red; +ve bias; ICICIBANK SINTEX
gave profit; Hold ICICIBANK>300 SINTEX>102;
All can profit if upsurge holds in last hour; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
AMTEKAUTO Turning around; Watch after 153; Careful..
ICICIBANK Out at 300
Hold>300, SL-296
Another chance has come; Careful, from here
IDEA Might turn around; Watch after 171
CAIRN Flat & Choppy; Avoid
FRL Going down; Avoid
SINTEX In at 101.50, Out at 102
Hold>102, SL-99.50
There can be more, But be careful now..

Together with the Nifty, our Suggests have also started to go up; Some more profits
have come from ICICIBANK, and SINTEX is also performing; Two others look good;
However, be careful as the market can come down even faster than it has gone up;
Keep constant vigil; Think 20 times before you take a decision; Do not take
unnecessary risks in last hour; Any wrong move can lead you to losses;
If you have made your profits for the day, it is best to Stay Away now.

We have been proved right once again; The Nifty has taken a smart turn upwards, and
has crossed the 8000-mark and has gone into the green briefly; Nifty is at 8010 now, in
the red, marginally below the line; There is some more upside to come; We expect the
Nifty to carry on with the upward bias and move into the green; How far up it will go is
difficult to say, but a closing above 8000 is definitely possible now; Do not take any
undue risks in last hour; Protect your profits; Today, we will close flat/green.

 


 

Please also see our Today's Performance or Details page