IntradayTrade dot Net dot IN
Alerts / Updates

for Tuesday, 02-Feb-2016














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, 02-Feb-2016

SMS Pre-Market

Valid for: 02-Feb-2016; All for LONG;
See site for Details


For Today:

NIFTY Resistance levels are: 7600, 7640, 7670, 7700, 7760;
NIFTY Support levels are: 7540, 7500, 7450, 7420, 7380;




02Feb(10:00) Flat openng; Choppy;
All for LONG if upsurge comes; Details at site -INTDAY


Update-1: 10:00am

One more flat opening for the Nifty50 today, at around 7565, as all players
remain cautious ahead of RBI's bimonthly money policy review later in the
day; Globally, US Stocks ended near flat last night, pausing after a big rally;
Japanese shares are flat as BOJ-inspired rally has run out of steam and other
Asian stock markets are mostly lower as oil extends fall; Only China shares
have gained today; At home, as long as the Nifty trades above the 7500 level
and sustains, there is all possibility that we would be moving ahead in the near
term; The technical chart oscillators have also bounced from its oversold zone
after the selloff that we have seen in the past few weeks, say experts; Nifty
is at 7565 now, marginally in the green, trading in the narrow 7550-7570
range and likely to carry on in this area until further inputs arrive; On the
upside, 7600 is still a difficult level to cross; First Support is at 7540;
Be cautious about false starts; Keep constant vigil; Look at all angles
before you decide on what to do; Take small, small profits and exit;
See these if the market upsurge comes with increasing volumes:

Name See
to buy
ASHOKLEY 92.70 91 94 95 640
BALRAMCHIN 94 92.50 95.50 97 630

Also watch CADILAHC>321 and YESBANK>773 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.




02Feb(11:00) Mkt flat & quiet; No Suggest gave profit;
See CADILAHC>320 PETRONET>256 now if mkt turns up;
Wait for RBI policy; See Site -INTDAY


Update-2: 11:00am

Suggest Action -- for LONG Comments
ASHOKLEY Choppy & Uncertain, but watch after 92.70
BALRAMCHIN Going down; Avoid, for now
COALINDIA This can go up; Watch after 328
CADILAHC See after 320 This can also go up now; But be careful..
PETRONET See after 256 Recovering after a fall; Watch this..
YESBANK Choppy & Uncertain; But watch after 773


02Feb(11:00) RBI keeps all major rates unchanged;
Repo rate remains unchanged at 6.75% and CRR at 4%
Now it is upto the Union Budget to steer growth

Two of our Suggests look good at this time, and there are some others that show
promise, but you should wait till the RBI policy is understood by the Street and the
initial reaction is over; Do not get in now for LONG as the market is uncertain and
the results of the BRI policy is yet to become clear; An area of uncertain and choppy
trading might come in; There are big chances of false starts; Do not take any
unnecessary risks in haste that can take you to losses; Stay Away if you are
not sure and confident about what to do.

The Nifty has taken a sharp downside immediately after the RBI decision was known;
From the line at 7560 the Nifty has come down to 7530 now, in the red; We expect
this initial downside to extend till 7500 maybe, but we will see some recovery in
due time and an upside beyond 7550 and even till 7600 might come later today;
Be very careful going forward from here as the market is very uncertain; Do not
take any unnecessary risks; Any wrong move on your part can take you to losses;
Stay Away if you are not sure about what to do.




02Feb(12:30) Mkt in green; Consolidating; 2 Suggests gave
profit; 2 Marginal; See BALRAMCHIN>94.70 YESBANK>785
if mkt upturn holds; Careful.. See Site -INTDAY


Update-3: 12:30pm

Suggest Action - for LONG Comments
ASHOKLEY Marginal at 92.70 Choppy & Uncertain; Best to Avoid this now
BALRAMCHIN In at 94, Out at 94.70
See again after 94.70
This is choppy, but can give more
COALINDIA Going down; Avoid, for now
CADILAHC Marginal at 320 Got stuck at 320; But there are chances..
PETRONET Recovering after a fall; See after 256
YESBANK In at 773, Out at 785
See again after 785
Has taken a fall; But can rise again later

Two of our Suggests have given some profits, and four of them look good at this time;
The general market is in a consolidation phase; Wait till a direction is found; There is
good chance of more profits from our Suggests if the Nifty starts to move up again;
There are still chances of false starts; Do not take any unnecessary risks in haste
that can take you to losses; Protect your profits; It is best to Stay Away now,
unless you are sure and confident about what you are doing.

After the initial downside on RBI decision, the Nifty had recovered smartly, as was
correctly expected by us; From a low of 7510, the Nifty has bounced up to reach a
high of 7575; The index is at 7570 now, consolidating in the 7560-7580 range;
The first target of 7550 has been covered, but the next one at 7600 may be
difficult to cross without some external help; There is every chance that the
Nifty might slip downwards a little from here; Watchout for Europe opening
for global cues; Be very careful as you go forward from here; Protect
your profits; There should not be any losses today.




02Feb(2:30) Mkt in red; Uncertain -ve bias; No Suggest gave
profit; None look good for LONG at this time; Best to
Stay Away now in last hour; See Site -INTDAY


Update-4: 2:30pm

Suggest Action - for LONG Comments
ASHOKLEY Marginal at 92.70 No further progress; Going down; Avoid
BALRAMCHIN Out at 95 Going down steadily now; Avoid
COALINDIA Stuck at 324 for a long time; Avoid
CADILAHC Marginal at 320 No further progress; Uncertain; Avoid
PETRONET Marginal at 256 Choppy & Uncertain; Avoid
YESBANK No further profits; Going down; Avoid

There is no scope seen in any of our Suggests for further profits at this time;
You should exit from all holding positions, if you have not already done so; No
point in stretching your luck any further today; Do not take any unnecessary
risks in haste that can take you to losses; Protect your profits;
It is best to Stay Away now.

The Nifty has resumed its downward slide after our last Update; From a high of
about 7575 the Nifty has come down to below 7500 at one point, touching a low
of 7495; The index is at 7510 now, in the red, trying to hold the 7500-level, which
is good Support and should hold for now; Global cues are bad as all of Europe is
in the red as oil prices have started to slide again; The psychologically important
level of 7550 is gone for now, but we believe that the Nifty will make an effort
to get back there; Do not take any unnecessary risks now in the last hour;
Protect your profits; Best to Stay Away now; Today, we will close red.



Please also see our Today's Performance or Details page