IntradayTrade dot Net dot IN
Alerts / Updates

for Wednesday, 03-Feb-2016


 

SUGGESTS:

 

BHARTIARTL

 

PETRONET

 

YESBANK

 

ALSO SEE:

DISHMAN

GAIL

ITC

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, 03-Feb-2016

SMS Pre-Market

Suggests: BHARTIARTL PETRONET YESBANK;
Also See: DISHMAN GAIL ITC;
Valid for date: 03-Feb-2016; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 7470, 7490, 7530, 7570, 7600;
NIFTY Support levels are: 7420, 7380, 7330, 7280, 7240;

 


 

SMS-1

03Feb(10:00) Gap-down openng; Recovering;
See YESBANK>763 DISHMAN>336;
Watch BHARTIARTL>302 GAIL>360;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

A big 60-point gap down opening today for the Nifty50, at around 7390,
as stocks around the world have taken a dive weighed down by another drop
in crude oil prices; The US markets were down -2% last night and Asia markets
have dropped sharply today morning with Japan's Nikkei down -3%; The Nifty50
has slipped below its crucial psychological level of 7400 in morning trade today;
Sliding for the third consecutive session, the Rupee has depreciated 22 paise to a
low of 68.20 against the US dollar in early trade today; The Nifty is at 7400 now,
deep in the red, trying to recover and hold the 7400-level; We expect 7450 to
be covered by the Nifty in due course; 7380-7360 is the first area of Support,
with more Support at 7330; On the upside, 7490-7500 will now be a difficult
level to cross; You have to be very careful in an uncertain market like today;
Be patient, and chances will come your way in LONG; Choose your trade
carefully; Be cautious about false starts; Once in, take small profit & exit;
See these if the market upsurge comes with increasing volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
YESBANK 763 750 775 790 75
DISHMAN 336 328 340 344 170

Also watch BHARTIARTL>302 and GAIL>360 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

03Feb(11:00) Mkt -ve & flat; YESBANK gave profit;
See YESBANK>769 GAIL>360 now if mkt turns up;
Careful.. See Site -INTDAY

 

Update-2: 11:00am

Suggest Action -- for LONG Comments
BHARTIARTL Choppy & Uncertain, but watch after 300
PETRONET Also Choppy & Uncertain; Watch after 253
YESBANK In at 763, Out at 769
See again after 769
This can go up further; Watch this carefully
DISHMAN Going down; Risky; Avoid, for now
GAIL See after 360 Has already touched the trigger once;
There was no entry; Can go up now
ITC Choppy & Uncertain; Avoid, for now

Small profits have already come from YESBANK in the first hour, and a few others
look good for LONG at this time; But the general market does not look like it is
about to go up; It is OK even if it holds steady; Be very careful going forward;
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 remained range-bound in the 7360-7400 area after our last Update;
The index is at 7380 now, trading quietly; Unlike what we said before, we now feel
there will be some downside in the Nifty, unless we get any positive inputs, either
local or global; There is good Support at 7330; 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.

 


 

SMS-3

03Feb(12noon) Mkt in red; Going Flat; 3 Suggests gave profit;
See PETRONET>255 YESBANK>773 GAIL>363 again
if mkt turns up; Await Europe openng; See Site -INTDAY

 

Update-3: 12noon

Suggest Action - for LONG Comments
BHARTIARTL Choppy & going down; Avoid, for now
PETRONET In at 253, Out at 255
See again after 255
Also Choppy; But can go up slowly
YESBANK Out at 772.70
See again after 773
Has levelled out; Watch this carefully now
DISHMAN Scrappy; Risky; Avoid, for now
GAIL In at 360, Out at 362.50
See again after 363
Has levelled out; Be careful with this now
ITC Choppy & Uncertain; Risky; Avoid, for now

Adequate profits have come from three of our Suggests, and all three look good for
more; But we will ask you to be very careful from here onwards, as the general market
is still very unpredictable; And we will say the same old thing again: if you have
made your profits for the day, it will be best if you exit at this time and take
home your profits; There are still very good 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 very confident
about what you are doing.

The Nifty is still range-bound in the 7370-7400 area after our last Update; The index
is at 7385 now, trading quietly, showing no signs of breaking out; As we said before,
we feel there will be some downside in the Nifty, unless we get any positive inputs,
either local or global; There is good Support at 7330; 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.

 


 

Please also see our Today's Performance or Details page