IntradayTrade dot Net dot IN
Alerts / Updates

for Wednesday, 24-June-2015


 

SUGGESTS:

 

CIPLA

 

DLF

 

ITC

 

ALSO SEE:

NTPC

UNIONBANK

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 Wednesday, 24-June-2015

SMS Pre-Market

Suggests: CIPLA DLF ITC;
Also See: NTPC UNIONBANK VOLTAS;
Valid for date: 24-June-2015; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 8400, 8420, 8460, 8490, 8560;
NIFTY Support levels are: 8350, 8310, 8270, 8250, 8200;

 


 

SMS-1

24June(10:00) Flat openng; Going Choppy;
See CIPLA>633 ITC>317.50;
Watch NTPC>140 VOLTAS>356;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

Flat opening for the Nifty around 8390 today; The Nifty has been choppy at the
beginning but has now started to show a positive bias; The important psychological
level of 8400 has just now been crossed, and the Nifty is now at 8410; We expect
this positive bias to continue, but 8420 is good Resistance; The Nifty might
consolidate at that level for some time; Next target is 8450-8460; In the
mean time, see these if market upsurge strengthens with good volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
CIPLA 633 626 637 640 90
ITC 317.50 314 319 320 180

Also watch NTPC>140 and VOLTAS>356 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

24June(11:00) Mkt +ve & choppy; No Suggest gave profit;
Hold ITC>318 if in; See NTPC>140 UNIONBANK>158
now if mkt turns up; Careful today; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
CIPLA Took a fall; Recovering; Avoid, for now
DLF Recovering after a fall; Watch after 117
ITC In at 317.50
Hold>318, SL-314
Not very promising, as of now; Careful..
NTPC See above 140 This might turn up now; But be careful..
UNIONBANK See above 158 Flat & Choppy; But might turn up
VOLTAS Going down; Avoid, for now

Most of our Suggests have taken a fall in the first hour and are trying to recover
now; The going will be very difficult from here as the Nifty has also given up the
upward slant and has become flat, choppy; 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.

As was expected, the Nifty has become flat and choppy around the 8400-mark and
is trading quietly in the 8390-8415 range; Which way the Nifty will go now is difficult
to say, and might depend on external cues; There is good Support in the 8370-8350
zone and Resistance is at 8420; We expect this Resistance to be tested today;
Choppiness will continue because of Expiry tomorrow; Avoid taking any
unnecessary risks; Remember, any wrong move can lead you to losses;
Stay Away if you are not sure.

 


 

SMS-3

24June(12:30) Mkt in green; Choppy & Flat; No Suggest
gave profit; ITC Marginal; DLF UNIONBANK stuck;
Await Europe openng; Careful today; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
CIPLA Choppy & Uncertain; Avoid, for now
DLF Stuck at 115.50 This can flare up suddenly; Watch this..
ITC Marginal at 317.50 Still not very promising; Exit Marginal;
Re-enter if upside comes later today
NTPC Going down; Avoid, for now
UNIONBANK Stuck at 155.50 Trading quietly; But might turn up
VOLTAS Going down; Avoid, for now

Getting any substantial profit in Intraday in LONG in today's market is very tough,
as we had expected; Although there is some hope in 3 of our Suggests, you should
be very careful if you want to enter today; Be prepared to go profit-less; That is
better than getting into a loss; There will be some chance if the Nifty gets past
8420 with good momentum; Otherwise, it will be wise to Stay Away; Any
wrong move can lead you to losses; Do not take unnecessary risks.

As was expected, the Nifty has remained in the 8390-8410 range since our last
Update; Only good thing is 8500-level is being held by the Nifty; Otherwise there
is nothing in today's market, specially for intraday traders wanting to go LONG;
Resistance at 8420 is still holding, but we feel it will be tested before closing
today; Unless we get any wrong trigger; Choppiness will continue because
of Expiry tomorrow; Avoid taking any unnecessary risks; Remember, it is better
to go profit-less rather than getting into losses; Stay Away if you are not sure.

 


 

SMS-4

24June(2:30) Mkt in green; +ve bias; No Suggest gave profit;
None looks good for LONG now; Be careful even if upsurge
comes now in last hour; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
CIPLA Choppy & Uncertain; Avoid
DLF Flat & Uncertain; Avoid
ITC Marginal at 317.50 Still fluctuating around 317.50; May give
results in last hour; But be very careful..
NTPC Going down; Avoid
UNIONBANK Going down; Avoid
VOLTAS Stuck at 342 Can flare up, but be very careful..

Let us be prepared to go profit-less today, unless ITC or VOLTAS does something
extraordinary; The Nifty is range-bound, but there are still chances of going past
8420; However, that may not be enough for our Suggests to give gettable profits;
Be very careful if you want to enter now; Going profit-less is better than getting
into a loss; It will be wise to Stay Away now; Any wrong move can lead
you to losses; Do not take unnecessary risks in last hour.

The Nifty has remained in the 8390-8420 range since opening today; Trading quietly,
but holding on to the 8400-level rather well; Nifty is at 8415 now, in the green;
Resistance at 8420 still holds, and choppiness continues because of Expiry tomorrow;
There is nothing in today's market, specially for intraday traders wanting to go LONG;
However, the Nifty might get enough wind in its sails to get past 8420 before
closing today; Do not take any undue risks in last hour; Prepare to
go profit-less; Today, we will close green.

 


 

Please also see our Today's Performance or Details page