IntradayTrade dot Net dot IN
Alerts / Updates

for Friday, 28-Aug-2015


 

SUGGESTS:

 

CROMPGREAV

 

ESCORTS

 

IBREALEST

 

ALSO SEE:

AMBUJACEM

RCOM

UNIONBANK

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 Friday, 28-Aug-2015

SMS Pre-Market

Suggests: CROMPGREAV ESCORTS IBREALEST;
Also See: AMBUJACEM RCOM UNIONBANK;
Valid for 28-Aug-2015; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 7970, 8010, 8050, 8080, 8120;
NIFTY Support levels are: 7920, 7880, 7830, 7800, 7770;

 


 

SMS-1

28Aug(10:00) Gap-up openng; Choppy;
See AMBUJACEM>212 RCOM>57.30;
Watch ESCORTS>180 UNIONBANK>185.50;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

Another good gap-up opening, and the Nifty opened at the 8050-mark today
following positive cues from global markets; The whole world was about +2%
in the green when our markets opened; Yesterday, the Nifty staged its biggest
single-day rally in almost 7-1/2 months on short covering in stocks, although the
gains may not be sustainable because derivative market participants have carried
forward short positions into the September series, which may cause volatility in the
markets; Worries about a possible interest rate increase by the US Fed on the back
of strong US GDP data, and a China-led global economic slowdown are still present;
The Nifty is at 8050 now, which is a good Resistance and needs to be crossed quickly
now, otherwise we will get into range-bound trading; First Support is now at 8010
with more Support at 7980 and 7940; On the upside, after 8050, next Resistance
is at 8080 followed by strong Resistance at 8120; Progress for the Nifty today
will be choppy and event driven; Meanwhile, see these if market upsurge
comes now with increasing volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
AMBUJACEM 212 206 214 216 280
RCOM 57.30 56 58 59 1040

Also watch ESCORTS>180 and UNIONBANK>185.50 if upsurge comes now;
All 6 Suggests are important to us and we will track all 6 throughout the
day today; Take position in above scrips only if you are absolutely
confident; All for LONG; Stay Away if not sure.

 


 

SMS-2

28Aug(11:00) Mkt +ve & flat; No Suggest gave profit;
Hold AMBUJACEM>212 if in; See UNIONBANK>185.50
now if mkt turns up; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
CROMPGREAV Flat & Quiet; Avoid, for now
ESCORTS Going down; Avoid, for now
IBREALEST Going choppy; Watch after 66
AMBUJACEM In at 212
Hold>212, SL-206
This might give some profits today
RCOM Flat & choppy; Watch after 57.50
UNIONBANK See after 185.50 Can be some chances here, but careful..

Our Suggests have not given a good start today; There are a few that look promising,
but there is no certainty as of now; Actually, markets as today, when the Nifty opens
with a big 100-point gap-up and then maintains position at that level, is very good for
the positional trader; But for us, intraday traders, there in nothing here; Range bound
trading is no good for us; We need a steady gradual movement; You have to be very
careful on a day like today; False starts can happen frequently; Keep constant watch,
do not get in unless you are absolutely sure; Exit at the slightest hints of a down-turn
with minimum profits, even Marginal; Buy again, if the upside returns; Do not take big
risks that can take you to losses; Stay Away, if you are not sure about what to do.

The Nifty is again doing a great job and holding on to the 8050-level; At 8070 now,
in the green, trading quietly around 8080; The Resistance at 8050 has been crossed
after our last Update; But the Nifty has now gone into range-bound trading in the
8060-8090 zone; This 8080 is another Resistance level; We expect the Nifty to remain
around this level for some time; Asian markets are still in the green; But the Rupee is
back above 66, at 66.0950 now; Europe opening is uncertain; Some consolidation in
the Nifty is expected now; Do not take any undue risks; Remember, any wrong
move on your part can take away your profits and put you into losses;
Stay Away, if in doubt.

 


 

SMS-3

28Aug(12:30) Mkt in green; Flat & Choppy; No Suggest
gave profit; AMBUJACEM Marginal; See RCOM>57.50;
No other looks good; Await Europe openng; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
CROMPGREAV Flat & Quiet; Avoid, for now
ESCORTS Going down; Avoid, for now
IBREALEST Going choppy; Watch after 65 now
AMBUJACEM Marginal at 212 No progress till now;
Get back if prices start to go up
RCOM See after 57.50 There can be some chances here now
UNIONBANK Has started to fall; Avoid, for now

Our Suggests are still tentative; AMBUJACEM has not performed; Same for some
others; But there is still time; Be patient today; As we said, this is not the right day
for intraday trading in LONG, so do not expect anything great; If you get an entry,
take small profit and exit; Buy again, if the upside returns; Do not take big risks
that can take you to losses; Stay Away, if you are not sure about what to do.

The Nifty is still holding the 8050-level; There was a scare after our last Update,
when this level was just touched; But the Nifty has managed to bounce back from
there; At 8075 now, firmly in the green; This level around 8080 is good Resistance;
Range-bound trading is continuing; Asian markets are still in the green; Europe is
now expected to open flat-to-green; The Rupee is still weak, but holding at 66.0600;
We expect the Nifty to remain range-bound, and consolidate some more; A little
upside is expected later today unless we get some negative cues; Be careful
about what you do now; Consider all angles before you take any decision;
Do not take big risks; There should not be any losses today.

 


 

SMS-4

28Aug(2:30) Mkt in green; Choppy; Took a fall; 2 Suggests
gave profit; Only RCOM>58 looks good for more profits
in LONG in last hour; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
CROMPGREAV Flat & Quiet; Avoid; See comments below
ESCORTS Flat & Choppy; Avoid; See comments below
IBREALEST In at 65, Out at 65.80 Going down; No further chances seen here;
Best to Avoid in the last hour
AMBUJACEM Marginal at 212 Going down; Avoid
RCOM In at 57.50, Out at 58
See again after 58
There can be some more profits here
UNIONBANK Still falling; Avoid

Some very small profits have come from out Suggests today; Not much is expected
from them in the last hour; The Nifty has started to fall since about 1pm; It will be
best to stay away from this market now; Do not take any further chances; Do not
take unnecessary risks that can take away your small profits, if any, and push
you to losses in the last hour; Best to Stay Away now, unless you get a last
minute upsurge in some Suggests, like yesterday; Possible with the
first two in the box above.

Profit booking has returned to our markets that has taken the Nifty 100-points
down from 8080 to touch a low of 7980 some time back; The Nifty is at 8000 right
now, trying to hold on to this psychologically important level; Support at 8010 has
been breached and the next one at 7980 is now being tested; Asian markets are
closing flat, but Europe has turned red; The Rupee is also down at 66.1805; There
are no domestic cues, but there is a growing feeling that FIIs are selling because
the new govt has failed to deliver on its promises; We feel that there may be
some more downside in the Nifty now, but nothing drastic; Support at 7940
should at least hold till closing today; Do not take any unnecessary risks
now; Protect your profits, if any; There should not be any losses today;
Today, we will close green.

 


 

Please also see our Today's Performance or Details page