IntradayTrade dot Net dot IN
Alerts / Updates

for Monday, 04-Apr-2016


 

SUGGESTS:

 

CANBK

 

DLF

 

RELINFRA

 

ALSO SEE:

AMBUJACEM

ITC

SINTEX

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, 04-Apr-2016

SMS Pre-Market

Suggests: CANBK DLF RELINFRA;
Also See: AMBUJACEM ITC SINTEX;
Valid for date: 04-Apr-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: 7690, 7660, 7620, 7580, 7550;

 


 

SMS-1

04Apr(10:00) Flat openng; Going Choppy;
See CANBK>203 RELINFRA>566;
Watch ITC>331 SINTEX>81.70;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

A flat opening for the Nifty today, at around 7730, and a slight positive
trend is seen in our markets immediately after the opening; On Friday last,
the US markets had given a smart rise after solid jobs data; Asia markets
rise as US jobs data beat expectations; At home, PMI manufacturing data
is scheduled for release later today; Markets will watch out for the RBI
policy review meet next week and a rate cut of above 50 bps could be a
positive surprise; However, 25 bps is already factored in by the markets;
A key cue is the earning season; How the monsoon will pan out will also
weigh on market sentiment; The Nifty50 has reclaimed its crucial Resistance
level of 7750 in morning trade, but the market has become flat and choppy
at that level; 7780 has been a difficult Resistance to cross and no further
progress is seen unless 7780 is crossed; On the downside, immediate
Support is around 7670 after 7700; Choose your trade carefully; Be alert
about false starts; 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
CANBK 203 198 206 209 290
RELINFRA 566 558 570 575 100

Also watch ITC>331 and SINTEX>81.70 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 Suggests are for LONG trades; Stay Away if not sure.

 


 

SMS-2

04Apr(11:00) Nifty Choppy below 7750; ITC gave small profit;
See AMBUJACEM>236 ITC>333 now if mkt turns up;
Careful today.. See Site -INTDAY

 

Update-2: 11:00am

Suggest Action -- for LONG Comments
CANBK Took a fall; Can recover; Watch after 201
DLF Going down; Avoid, for now
RELINFRA This is also going down; Avoid, for now
AMBUJACEM See after 236 This can turn up; Watch carefully..
ITC In at 331, Out at 333
See again after 333
These were difficult profits to get;
Low chances seen now; Keep watching..
SINTEX Just touched the Trigger; There was no
entry possible; Old levels still valid here

There is not much hope with our Suggests at this point of time, unless the general
market changes for the better; However, instead of a slight positive bias, we see
a slight negative bias in the Nifty at this time; 7750 has not been covered; But
it is still in the green above 7720; Keep constant vigil; Do not let your guard
down; Do not be in a hurry to get in; Look at all possible aspects carefully
before you enter; Do not take any undue risks in haste that can take
you to losses; Stay Away if you are not sure about what to do.

 


 

SMS-3

04Apr(12:30) Mkt in green but slight -ve bias; No Suggest
gave profit; Only DLF>120 looks good now if mkt turns up;
Await Europe openng; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
CANBK Going down; Avoid, for now
DLF See after 120 Going up slowly after a fall; Careful..
RELINFRA This is going down; Avoid, for now
AMBUJACEM Choppy & Risky; Avoid, for now
ITC No further progress after last Update;
Avoid, for now
SINTEX Choppy & Uncertain; But watch after 81.50

The slight negative bias in the Nifty is still present, and we do not see much
scope for our Suggests, with maybe remote chances in two of them; Today also,
it will be best to stay out from this present market and watch from the sidelines;
You can come back in only if the Nifty recovers and starts to go up again from
the present lows; Keep constant watch; 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

04Apr(2:30) Mkt in green; Choppy; No Suggest gave profit;
None look good for LONG now in last hour;
Best to Stay Away; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
CANBK Choppy & Uncertain; But watch after 200
DLF Just touched Trigger; No Entry was
possible; Looks risky now; Avoid
RELINFRA This is Choppy & Uncertain; Avoid
AMBUJACEM Going down; Risky; Avoid
ITC Choppy, but might go up; Watch carefully..
SINTEX Choppy & Uncertain; Risky; Avoid

Not much is expected now in the last hour from our Suggests; The whole day has
gone waste; What came from ITC was very sharp and very difficult to get; But
it is better to go profit-less rather than get into a loss; The Nifty is slowly
recovering from the lows of the day, in the green, but is short of 7750;
But you should not be taking any risks in the last hour that can
push you to losses; Today we will close flat/green.

 


 

Please also see our Today's Performance or Details page