IntradayTrade dot Net dot IN
Alerts / Updates

for Friday, 06-May-2016


 

SUGGESTS:

 

HEXAWARE

 

TVSMOTOR

 

UPL

 

ALSO SEE:

CROMPGREAV

HAVELLS

PETRONET

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 Friday, 06-May-2016

SMS Pre-Market

Suggests: HEXAWARE TVSMOTOR UPL;
Also See: CROMPGREAV HAVELLS PETRONET;
Valid for: 06-May-2016; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 7780, 7820, 7850, 7880, 7920;
NIFTY Support levels are: 7700, 7660, 7630, 7580, 7520;

 


 

SMS-1

06May(10:00) Gap-down openng; Choppy;
See TVSMOTOR>300 PETRONET>283;
Watch UPL>807 CROMPGREAV>59.70;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

There was a small gap-down opening for the Nifty today, around 7710, followed
by a slight negative bias that took the index below the psychological 7700 level,
down to touch 7680; US Stocks closed mostly flat last night as investors await
jobs report; Also, the fading oil rally has kept a lid on US stocks; Asian stocks
have extended losses today morning before US jobs data; In our markets now,
the focus will be on banks and NBFCs after the RBI proposed granting on-tap
universal banking licences to individuals, groups and companies; At this time,
Nifty is trying to get back to 7700-level and is trading quiet and range-bound;
This level of 7700 is strong Support according to gap theory; Next Support is
at 7660; Previous Support level of 7750 will act as a Resistance and needs
to be covered first for any meaningful upside; Be very careful about false
starts; Keep constant vigil; Do not be in a hurry to get into a trade;
Consider all angles carefully 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
TVSMOTOR 300 294 303 306 200
PETRONET 283 279 286 290 210

Also watch UPL>607 and CROMPGREAV>59.70 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

06May(11:00) Nifty in red; Choppy; HAVELLS gave small profit;
Hold HAVELLS>340 if in; See HEXAWARE>225 CROMPGREAV>59.70
if mkt upturn holds; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action -- for LONG Comments
HEXAWARE See after 225 There was an opportunity loss here from
223 to 225; But this can turn up again..
TVSMOTOR Choppy & Uncertain; Avoid, for now
UPL This is also Uncertain; But watch after 605
CROMPGREAV See after 59.70 Going up slowly; Careful..
HAVELLS In at 338, Out at 340
Hold>340, SL-336
Entry came via PricePoints;
Going up sharply now; But be careful..
PETRONET Flat & Uncertain; Avoid, for now

Today also, one small profit has come in the first hour, and we have missed a
chance for profit as we did not give any level for one of our Suggests; We are
hopeful about a few of our Suggests at this time; The Nifty is very choppy, but
there is a slight positive bias seen; Nifty is holding 7700-level now; Be very
careful going forward; The Nifty might start to go down suddenly; Look at all
possible angles before you enter; Do not take any undue risks in haste
that can take you to losses; Stay Away if you are not sure what to do.

 


 

SMS-3

06May(12:30) Mkt in red; Choppy; HAVELLS added profit;
See HAVELLS>345 PETRONET>283 now if mkt turns up;
Await Europe openng; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
HEXAWARE Stuck at 218; Can flare up suddenly..
TVSMOTOR Choppy & Going down; Avoid, for now
UPL This is also going down; Avoid, for now
CROMPGREAV Just touched Trigger, No Entry was possible;
Looks risky with low volume; Avoid, for now
HAVELLS Out at 344.50
See again after 345
Stuck at 344 now, but can give more today
PETRONET See after 283 Flat & quiet; Watch this carefully..

Some more profits have come from HAVELLS and this looks likely to give some
more profits today, provided the Nifty holds position above 7700 and gradually
starts to move upwards; Global cues will now come into play as Europe may
open in the red; Some profit booking might come into our markets if that
happens; Nifty is still holding 7700-level; Do not lower your guard;
Do not take any unnecessary risks that can take you to losses;
Stay Away if you are not sure about what to do;
We do not want any losses today.

 


 

SMS-4

06May(2:30) Nifty on line; +ve bias; TVSMOTOR gave profit;
TVSMOTOR>302 HAVELLS>344 PETRONET>283 good for LONG
if upsurge holds in last hour; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
HEXAWARE Going down slowly; Avoid
TVSMOTOR In at 299, Out at 302
See again after 302
Entry came via PricePoints; Has flattened
out now; But another upsurge might come
UPL This is going down further; Avoid
CROMPGREAV Risky with low volume; Avoid
HAVELLS See after 344 We are still hopeful with this; Careful..
PETRONET See after 283 Still hopeful; Watch this carefully..

There has been another PricePoint entry that has given some profits; Otherwise
there has been no development after our last update, although the Nifty has shown
tenacity and has come up from 7690 to the line at 7735 now; None of our Suggests
has been able to take advantage of this rise; Europe is all in the red; There are
no domestic cues; We do not feel there will be any significant rise for the Nifty
from here in the last hour; Hence, it will be better to quit this market now and
take home your profits; Do not take any unnecessary risks now that can
push you to losses; It is better to Stay Away now unless you get a
very good opportunity; We will close flat today.

 


 

Please also see our Today's Performance or Details page