IntradayTrade dot Net dot IN
Alerts / Updates

for Thursday, 07-Jan-2016


 

SUGGESTS:

 

BALRAMCHIN

 

CHENNPETRO

 

DISHTV

 

ALSO SEE:

BANKBARODA

HDIL

TATASTEEL

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 Thursday, 07-Jan-2016

SMS Pre-Market

Suggests: BALRAMCHIN CHENNPETRO DISHTV;
Also See: BANKBARODA HDIL TATASTEEL;
Valid for: 07-Jan-2016; All for LONG;
See site for Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 7780, 7820, 7850, 7900, 7940;
NIFTY Support levels are: 7720, 7660, 7620, 7570, 7550;

 


 

SMS-1

07Jan(10:00) Gap-down openng; Choppy;
See BALRAMCHIN>77 DISHTV>103;
Watch CHENNPETRO>205 TATASTEEL>262;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

A big 70-point gap-down opening for the Nifty50 today, at around 7670, following
another rout in the Chinese market as China's CSI 300 index went down by -8.35%
in the first half an hour of trading, triggering a newly-introduced circuit breaker
mechanism that has halted trading for the rest of the day; This has dragged down
with it all Asian markets, most of which are trading more than -2% down at this
time; Earlier, US stocks closed at their lowest level since early October, due to
fresh concerns over China and slower global growth and as energy shares tumbled
with oil prices; US oil prices are below 2009 lows and the mood is extremely
bearish due to huge unused amounts of petroleum sitting idle in storage tanks
and as China's economy was showing no signs of recovery; At home, the passing
away of J&K CM Mufti Mohammad Sayeed is seen as creating instability in the
already disturbed border state; The Nifty50 remains under pressure as both
landmark levels of 7750 and 7700 have been lost; Even 7650 seems to have given
way as the Nifty is at 7630 now, in the red, trading with a slight negative bias;
First Support is at 7620 now with very strong Support at 7870-7550; We expect
the Nifty to stabilise and get into range-bound trading around the 7620-level
and slowly make a recovery towards the 7700 region later in the day; However,
much will depend on news flows, both internal and external; As always, keep
constant vigil; Today you will have to be extra careful in a falling market;
Look at all angles carefully before you decide to enter; Take small profit
and exit; See these if the market upsurge comes with increasing volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
BALRAMCHIN 77 74 78 79 770
DISHTV 103 100 105 107 580

Also watch CHENNPETRO>205 and TATASTEEL>262 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

07Jan(11:00) Mkt -ve & choppy; No Suggest gave profit;
See BALRAMCHIN>77 DISHTV>103 now if mkt turns up;
See Site -INTDAY

 

Update-2: 11:00am

Suggest Action -- for LONG Comments
BALRAMCHIN See after 77 Slight positive bias coming; But, careful..
CHENNPETRO Recovering after a fall; Watch after 204
DISHTV See above 103 This had also fallen; Be careful..
BANKBARODA Choppy & Uncertain; Avoid, for now
HDIL This is recovering; Watch after 76
TATASTEEL This is also recovering; Watch after 262

The general market, and almost all our Suggests, had taken a fall after our last
Update, and are recovering now; Overall, the situation has come back to the original
state, and almost all our Suggests are in position to give profits from here, only if
the Nifty continues with the recovery; You have to be very careful now, as there is
every chance that the market might start to fall again; This will give you false
starts, against which you have to guard yourself; Look at all angles carefully
if you want to take entry now; Do not take any unnecessary risks;
Stay Away unless you are sure about what you are doing.

The slight negative bias continues with the Nifty; The index is at 7620 now,
fluctuating in the 7610-7640 range since our last Update; Meanwhile, not much
has changed globally, and markets around the world are all trading heavily in the
red; Time to be very careful; Be ready to go profit-less today, unless you get
a very good off-chance; Do not take any unnecessary risks; Do not take any
wrong move that can take you to losses; Stay Away, if in doubt.

 


 

SMS-3

07Jan(12:30) Mkt in red; -ve bias; No Suggest gave profit;
None look good for LONG now; All can profit from
present lows if mkt turns up; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
BALRAMCHIN Took another fall; But can go up later
CHENNPETRO Recovering; Watch after 204
DISHTV Recovering; Can go up later
BANKBARODA Recovering; Watch after 143.50
HDIL Took a fall; Can go up later
TATASTEEL This is also recovering; Watch after 260

None of our Suggests could do any good so far today; Most have been falling
steadily since morning; Some look like recovering now; However, the general market
also needs to recover with us; That might not happen just now; As we said before,
you have to be very careful about false starts on days like today; Look at all
angles carefully if you want to take entry now; Do not take any unnecessary
risks; Stay Away unless you are sure about what you are doing.

The Nifty has broken the Support at 7620 and even the psychologically important
level of 7600 has been breached by the Nifty after our last Update; A low of 7580
has been touched; As we had mentioned before, 7570-7550 is strong Support;
This is expected to hold; The Nifty has bounced back from the low of 7580 and
is now at 7605, deep in the red, trying to hold 7600-level; World markets are
still very much down; Europe opening now holds the key; Time to be careful;
Be ready to go profit-less today, unless you get a very good off-chance;
Do not take any unnecessary risks; We do not want any losses today.

 


 

SMS-4

07Jan(2:30) Mkt in red; No Suggest gave profit;
CHENNPETRO Marginal; No Suggest looks good now;
Many can profit if upsurge comes in last hour; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
BALRAMCHIN Flat & Steady; Watch after 77
CHENNPETRO Marginal at 204 Had crossed trigger once; But there was no
entry; In case Entry was taken, go Marginal
DISHTV Going down; Avoid
BANKBARODA Going down; But can recover
HDIL Flat & Steady; But can recover
TATASTEEL Going down; Avoid

None of our Suggests could give any profits so far today; The general market has
not improved; And is likely to go down now; As we said before, you have to be very
careful about false starts on days like today; It is best to avoid trading today;
It is best to go profit-less today; Do not take any unnecessary risks;
Stay Away unless you are sure about what you are doing.

The Nifty has remained flat and steady in the 7580-7610 range since our last
Update; But the underlying negative trend is still very much there; The whole
world is trading deep in the red at this time, including the whole of Europe;
There are no domestic cues; Things can only go worse from here and the Nifty
might breach the Support at 7570 if we do not get any positive trigger soon;
Be very careful and Stay Away from this market unless a very good off-chance
to go LONG comes your way; It will be better to Stay Away and go profit-less
from this market today; We only hope that the Support at 7570 holds till
closing today; Do not take any undue risks now in the last hour;
Today, we will close red.

 


 

Please also see our Today's Performance or Details page