IntradayTrade dot Net dot IN
Alerts / Updates

for Tuesday, 23-June-2015


 

SUGGESTS:

 

ARVIND

 

AXISBANK

 

ESCORTS

 

ALSO SEE:

IBREALEST

LICHSGFIN

VOLTAS

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, 23-June-2015

SMS Pre-Market

Suggests: ARVIND AXISBANK ESCORTS;
Also See: IBREALEST LICHSGFIN VOLTAS;
Valid for: 23-June-2015; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 8370, 8420, 8460, 8490, 8560;
NIFTY Support levels are: 8310, 8270, 8250, 8200, 8160;

 

Pre-Market Alert: 9:15am

A flat opening and cautious trading is expected in our markets today following
mixed cues as peer Asian markets; Yesterday, our markets gained for the seventh
straight session after the progress of the monsoon eased concerns over rising inflation
thereby rekindling hopes of a rate cut; while the new proposal presented by Greece to
avoid debt default brought some hope of a settlement in Europe; The 50-share Nifty
rose nearly +2% in intraday trade to reclaim its crucial psychological level of 8350;
The index also surged past its crucial 200-DMA in trade; We expect this positivity to
continue in our markets today, as there are still lots of shorts that need to be covered,
and also because foreign investors have started to come back; However, this is also
Expiry week, so choppiness is expected; For the Nifty today, Resistance of 8350-
8370 has not been crossed as yet, but should not be a problem if yesterday's
momentum continues; The next Resistance at 8420 is the target for the day;
Good Support is there now at 8270-8260; As always, wait for a definite
chance; Then be quick to act; 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 63.6300; WTI Crude is at $59.68; Brent Crude is at $63.34

 


 

SMS-1

23June(10:00) Gap-up openng; Choppy;
See ARVIND>264 ESCORTS>123;
Watch AXISBANK>575 VOLTAS>358;
All for LONG if upsurge strengthens; Details at site -INTDAY

 

Update-1: 10:00am

Gap-up opening for the Nifty around 8380 today; The Nifty had fallen very sharply
immediately after opening today to go into the red and go below 8340; But has now
recovered and is back in the green; At 8380 now, trading flat and quiet; We expect the
positive bias to continue; Meanwhile you could have already made some profits in the
first half-hour with ARVIND and/or ESCORTS; ARVIND should have been in at 261 and
out at 263.80; If still in, Hold ARVIND>264 with a StopLoss of 258; ESCORTS should
have been in at 122 and out at 123; If still in, Hold ESCORTS>123 with a StopLoss of
258; Otherwise, see these if market upsurge strengthens now with good volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
ARVIND 264 258 266 270 220
ESCORTS 123 119 124 125 480

Also watch AXISBANK>575 and VOLTAS>358 if upsurge
strengthens now; Take position in above scrips only if you are
absolutely confident; All for LONG; Stay Away if not sure.

 


 

SMS-2

23June(11:00) Mkt +ve & choppy; 2 Suggests gave profit;
Hold ARVIND>265 if in; See IBREALEST>55.50 again
if mkt turns up; No other looks good; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
ARVIND In at 261, Out at 264.80
Hold>265, SL-258
Has levelled out; Best to exit and re-enter later
AXISBANK Choppy around 574; Watch after 576
ESCORTS In at 122, Out at 123 Going down now; But can give another chance
IBREALEST In at 54, Out at 56
See again after 55.50
Sudden profits have come outside our
levels; Might give another chance later
LICHSGFIN Going down; Avoid, for now
VOLTAS Going down; Avoid, for now

After the initial opening burst, our Suggests have become subdued; A sudden, out of given level profit has come from IBREALEST that was difficult to get; We have shown it only because the scale was quite big; As we say, even if you have got one-fourth of what is shown in these pages, you have done a good job; Things have become quiet; The upward momentum in general market has also cooled down; Be careful now in LONG; The odd, sudden chance can always come; 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 been choppy from the opening bell today; Starting at 8380, it has gone down to 8340 very quickly and then went us steadily to marginally below 8400; Now down again back to 8360, still in the green; Choppiness will continue for the Nifty now, and range-bound trading in the 8340-8380 will come in now, we feel; But the Nifty will definitely make another attempt at 8400 later today; Avoid taking any unnecessary risks; Remember, any wrong move can lead you to losses; Stay Away if you are not sure.

 


 

SMS-3

23June(12:30) Mkt in green; Choppy; ARVIND added profit;
Hold ARVIND>267; See AXISBANK>575 ESCORTS>123
if upsurge comes; Await Europe openng; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
ARVIND Out at 266.50
Hold>267, SL-260
There can be more here today
AXISBANK See above 575 Going up choppily; Watch this..
ESCORTS See above 123 This is also going up; Watch this..
IBREALEST Going down; Avoid, for now
LICHSGFIN Has flatten out; Avoid, for now
VOLTAS This has chances of going up..

ARVIND is again providing the main thrust today for our Suggests; Three others are following, but not with very bright prospects; Even with ARVIND, at some stage you have to call it a day and take home your profits; The general market has become stagnant; Look at all angles before you take a decision; Any wrong move can lead you to losses; Do not take unnecessary risks; Stay Away, if in doubt.

The choppiness in the Nifty continues; After our last Update, it has touched a low of 8350, in the red, and then has bounced back up to almost 8390; The Nifty is at 8380 now, in the green; Broadly speaking, it has remained in the 8350- 8390 band since our last Update; This is exactly as per expectation, and likely to continue for some more time; Unless we get any wrong trigger; As we said before, the Nifty will definitely make another attempt at 8400 later today; Avoid taking any unnecessary risks; Remember, any wrong move can wipe off your profits and take you to losses; Stay Away if you are not certain.

 


 

SMS-4

23June(2:30) Mkt in green; Choppy; ARVIND AXISBANK gave
profit; These two still good for more in LONG if upsurge
comes now in last hour; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
ARVIND Out at 267.50 No upward movement for quite some time;
Best to exit now and re-enter on upsurge
AXISBANK In at 575, Out at 579 Going flat & choppy now; Best to exit and
re-enter if upside comes in last hour
ESCORTS Going down; Avoid
IBREALEST Going down; Avoid
LICHSGFIN Has flatten out; Avoid
VOLTAS This has chances of going up, but best
not to take chances in last hour

Our Suggests have given adequate profits till now today, and if you have made some of that, it will be best to stop trading and take home your profits now; The general market is going nowhere; No point in stretching your stay and adding to the tension; Do not take unnecessary risks in last hour; Remember: Any wrong move can take away your profits and lead you to losses; It will be better to Stay Away now.

The Nifty has become quiet and is trading in the narrow 8370-8400 range after our last Update; Again, this is exactly as per expectation, and likely to continue now unless we get some negative trigger; We expect a positive closing in the 8370-8380 range, although a final push to 8400-level is still possible; Do not take any undue risks in last hour; Protect your profits; Today, we will close green.

 


 

Please also see our Today's Performance or Details page