IntradayTrade dot Net dot IN
Alerts / Updates

for Monday, 28-Mar-2016


 

SUGGESTS:

 

ASHOKLEY

 

NCC

 

TATASTEEL

 

ALSO SEE:

CHENNPETRO

DLF

IDEA

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 Monday, 28-Mar-2016

SMS Pre-Market

Suggests: ASHOKLEY NCC TATASTEEL;
Also See: CHENNPETRO DLF IDEA;
Valid for date: 28-Mar-2016; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 7740, 7780, 7820, 7850, 7900;
NIFTY Support levels are: 7670, 7640, 7580, 7550, 7520;

 


 

SMS-1

28Mar(10:00) Flat openng; Going down;
See ASHOKLEY>107.50 IDEA>106;
Watch TATASTEEL>316 DLF>113;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

Our markets started on a cautious note today after a prolonged break, with
the Nifty at around 7740, following mixed global cues; But there has been an
upward revision in US GDP numbers and rise in crude oil prices that may bring
good news in world markets; At home, the Nifty has developed a slight negative
bias after opening and has gone into the red zone, to lower than 7700-level;
Holding this level will be the main task today as this is Expiry week and some
choppiness is expected; Nifty should expire above the 7600 Support zone, say
experts; The underlying trend of Nifty as per smaller and larger timeframe is
still positive and the upside target for the Nifty could be around the 200-DMA
at 7900 levels by next week, from where one may expect beginning of some
correction; On the downside, there is good Support at 7670, and then at 7640
to 7625; The next trigger will be the RBI monetary policy review due on April
05 amid hopes of a 25 basis points cut in interest rates; Wait till the market
settles down today; Be alert about false starts; Do not let your guard down;
Choose your trade very carefully; Do not be in a hurry to get in; Consider
all possible angles before you take any decision; Once in, take small
profits and exit; Buy again, if upside continues; See these if
market upsurge comes now with increasing volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
ASHOKLEY 107.50 105 109 110 550
IDEA 106 103 108 109 560

Also watch TATASTEEL>316 and DLF>113 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

28Mar(11:00) Nifty in red; Flat; No Suggest gave profit;
See NCC>76 IDEA>106 now if mkt turns up;
Careful today.. See Site -INTDAY

 

Update-2: 11:00am

Suggest Action -- for LONG Comments
ASHOKLEY Choppy, but Holding; Watch after 107
NCC See after 76 Might turn up now; Be careful..
TATASTEEL Going down; Risky; Avoid, for now
CHENNPETRO This can turn up; Watch after 205
DLF Going down; Risky; Avoid, for now
IDEA See after 106 Showing slight positive bias; Be careful..

No Suggest really looks good for profits in LONG at this time, but IDEA is a little
better placed than the others; But the Nifty is on the way down, and 7700-level has
been lost; This will spoil whatever small chances we have; But we expect the Support
at 7670 to hold for now, and the Nifty should bounce back from there; As before,
be very careful about false starts; Do not let your guard down at any time;
Do not be in a hurry to get in; Look at all possible aspects carefully
before you enter; Do not take any unnecessary risks in haste that can
take you to losses; Stay Away if you are not sure about what to do.

 


 

SMS-3

28Mar(12:30) Mkt in red; Going down; No Suggests gave profit;
See ASHOKLEY>107 CHENNPETRO>205 IDEA>106 if mkt turns up;
Await Europe openng; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
ASHOKLEY See after 107 Old levels still valid, but be careful..
NCC Has become Scrappy & Risky; Avoid, for now
TATASTEEL Going down; Risky; Avoid, for now
CHENNPETRO See after 205 Can give chances now, but be careful..
DLF Going down; Risky; Avoid, for now
IDEA See after 106 Still showing positive bias; Be careful..

Even now, no Suggest looks good for profits in LONG; Although we have shown
hope in 3 of our Suggests above, you need to be very careful today as already
we have had several Triggers being just touched and no progress after that; No
entry was possible for any of them as the Trigger was not crossed by any good
margin in any of these instances; These were all false starts; The going from
here will not be easy as the Nifty has gone into range-bound trading just
above the Support at 7670, which is holding; Keep watch from the sidelines;
Wait and see what influence Europe opening has in our market; Do not take
any unnecessary risks that can take you to losses; Stay Away, unless you
know what you are doing; Remember, it is better to go profit-less rather
than get into losses; We do not want any losses today.

 


 

SMS-4

28Mar(2:30) Mkt in red; -ve bias; No Suggest gave profit;
Only IDEA>106 good for LONG if upsurge comes now in
last hour; Better to Stay Away; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
ASHOKLEY Going down; Avoid
NCC Going down; Risky; Avoid
TATASTEEL Has levelled out; Watch this carefully
CHENNPETRO Going down; Risky; Avoid
DLF Going down; Risky; Avoid
IDEA See after 106 Still showing positive bias; Be careful..

We have to go profit-less today; That is how it looks as of now; There is low
chances of the situation improving in the last hour as the Nifty is down at
7620 with distinct negative bias; Even 7600-level for the Nifty may be
breached before closing today; Do not take any unnecessary risks in haste
in the last hour that can push you to losses; Go profit-less if you have to;
Best to Stay Away now; Today we will close red.

 


 

Please also see our Today's Performance or Details page