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Alerts / Updates

for Tuesday, 29-Sept-2015


 

SUGGESTS:

 

IDBI

 

RELCAPITAL

 

SINTEX

 

ALSO SEE:

DISHMAN

DLF

SBIN

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, 29-Sept-2015

SMS Pre-Market

Suggests: IDBI RELCAPITAL SINTEX;
Also See: DISHMAN DLF SBIN;
Valid for date: 29-Sept-2015; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 7840, 7890, 7930, 7960, 7990;
NIFTY Support levels are: 7760, 7720, 7680, 7630, 7600;

 


 

29Sept(10:00) Gap-down openng; Going Flat;
See IDBI>82.50 DISHMAN>317.50;
Watch DLF>129.50 SBIN>240;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

A big 80-point gap-down opening for the Nifty at around 7720 today tracking
losses in the global equities with US markets taking a hit on worries about the
health of Chinese economy after China's industrial profits fell 8.8% in August
amid slump in the commodity prices; Meanwhile, all eyes are set at the RBI 4th
bi-monthly monetary policy review for the year 2015-16 slated today at 11am;
Yesterday, the Nifty gave the lowest close of last 9 trading sessions as traders
opted to liquidate their position before RBI policy decision; At this time the
Nifty is at 7720, in the red, going very flat, having touched a low of 7700;
If 7700 is breached, we may test 7660-7630 levels; There will be Resistance
in the 7750-7770 area while going up now; Do not take any hasty decisions;
Wait till the RBI decision is out and analysed; Any wrong move can take you to
losses; Do not take undue risks; Remember, it is better to go profit-less, rather
than get into loss; Wait for the market to settle down, and then see these
if market upsurge comes with increasing volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
IDBI 82.50 80 83.50 85 720
DISHMAN 317.50 313 320 325 180

Also watch DLF>129.50 and SBIN>240 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

29Sept(11:00) Mkt -ve & flat; DISHMAN gave profit;
See IDBI>82 DISHMAN>319 DLF>129.50 SBIN>238
now if mkt turns up; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
IDBI See above 82 Holding steady at 81; Watch this..
RELCAPITAL Choppy but holding; Watch above 360
SINTEX Choppy, but improving; Watch after 102
DISHMAN In at 317.50, Out at 319
See again after 319
Has fallen after the surge; But keep watching..
DLF See after 129.50 Choppy but holding; Watch this..
SBIN See after 238 This is a related sector; So, keep watching..

All the positions given in the box above for our Suggests are in anticipation of a
positive response from RBI regarding rates; But do not get over enthusiastic; Wait for
some market reaction before you commit yourself; Do not take any unnecessary risks
that can take you to losses; Stay Away, if you cannot decide what to do.

RBI has pulled a surprise by cutting repo rate by 50 bps to 6.75%; CRR has been left
unchanged at 4%; This has given a very hard upward push to the Nifty just now; From
7700-level the Nifty has jumped up to 7800-level within a minute! At 7800 now, just
above the line, in the green; We will request our members to hold yourself for some
time and let the market settle down after the profits from the first reaction are in;
Some more upside can be expected for the Nifty, but after some consolidation;
Do not take any undue risks; Any wrong move on your part can take away
your profits and you to losses; Stay Away, if in doubt.

 


 

SMS-3

29Sept(12:30) Mkt in green; Going up; 5 Suggests gave profit;
Hold RELCAPITAL>372 SBIN>243.50;
See IDBI>83 SINTEX>103.50 if mkt upturn holds;
See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
IDBI In at 82, Out at 83
See again after 83
Holding steady at 82; Watch this..
RELCAPITAL In at 360, Out at 372
Hold>372, SL-365
There can be more here today
SINTEX In at 102, Out at 103.25
See again after 103.50
Be careful here, as this is choppy
DISHMAN No further development after last Update;
Steady at 314 now; But watch after 318
DLF In at 129.50, Out at 135 Holding steady at 132; Watch after 134
SBIN In at 238, Out at 243.50
Hold>243.50, SL-237
Has flattened out, but keep watching..

All our Suggests have given returns today, but how much of it was actually got by
our members remains doubtful; That is because the profits have come very quickly
and there was hardly any time to see, understand and then take action; The sharp
rise was over within a few minutes; Good thing is, the Nifty is still doing good and
rising again; This will give further opportunities in our Suggests; As we said before,
do not get over enthusiastic; Do not take any unnecessary risks that can take
you to losses; Stay Away, if you cannot decide what to do.

The Nifty has resumed with the upward journey after some consolidation following
the RBI announcement, and after the implications of the rate cut became clear; We
had started the day with a big negative because of global factors, but that loss has
now been made good; The Nifty is on its way to make up yesterday's losses now;
At 7820 now, in the green, coming up from a low of 7690; We expect some more
upside till 7890, once 7840-7850 is overtaken, as that is good Resistance area;
Be careful about what you do now; Consider all angles before you take a decision;
Do not take any big risks; Protect your profits; There should not be any losses today.

 


 

SMS-4

29Sept(2:30) Mkt in green; +ve bias; 4 Suggests gave profit;
DLF>136 SBIN>245.50 still looks good for LONG
if upsurge holds in last hour; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
IDBI No further development after last Update;
Best to avoid this now in last hour
RELCAPITAL Out at 373.70 There can be more, but be careful..
SINTEX Out at 106.30 This seems to have peaked out;
Best to avoid this now in last hour
DISHMAN No development after initial upsurge;
Best to avoid this now in last hour
DLF Out at 135.70
See again after 136
This has an upward bias; Keep watching..
SBIN Out at 245.30
See again after 245.50
Has flattened out, but keep watching..

All our Suggests have done a good job today, as can be expected on a day like
today; There can be more profits in a couple of them, but let us be careful and
call it a day if you have made adequate profits today; No point in risking these
profits and taking any rash decisions that can push you into losses; Do not
get over enthusiastic; It is best to Stay Away now.

The Nifty has done a fantastic job and has crossed the psychologically important
barrier of 7900 without even a pause; A high of almost 7930 has been touched;
The Nifty is at 7900 now, in the green, having taken a pause at the Resistance in
the 7890-7930 range; Some consolidation at this level is expected now as this is
again good Resistance; Asian markets have been disappointing today, but Europe
is turning around and key markets are already in the green; The Rupee is also good
at 65.9805; Domestic cues are also good as SBI has announced reduction of lending
rates as a result of RBI action; We expect a closing around 7890 today and it will
be fitting if 7900 is held till the end; Do not take any undue risks now;
Protect your profits; Today, we will close green.

 


 

Please also see our Today's Performance or Details page