IntradayTrade dot Net dot IN
Alerts / Updates

for Wednesday, 11-May-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 Wednesday, 11-May-2016

SMS Pre-Market

Valid for: 11-May-2016; All for LONG;
See site for full Details


For Today:

NIFTY Resistance levels are: 7920, 7950, 8000, 8030, 8080;
NIFTY Support levels are: 7870, 7820, 7780, 7730, 7700;




11May(10:00) Gap-down openng; Recovering;
For LONG if upsurge holds; Details at site -INTDAY


Update-1: 10:00am

Our markets opened sharply lower today, with the Nifty below 7800-level,
amid reports that India will start imposing capital gains tax on investments from
Mauritius starting next year; Earlier, US markets had ended positive last night
but Asia is mixed today morning; In our market, the Nifty has recovered from the
disastrous opening and has recovered back to above 7860 as experts have pointed
out that the impact of the Mauritius act should be minimal and will not cause any
significant dent in FII inflow; Meanwhile, the 'Hanging Man' pattern made by the
Nifty yesterday on the daily candlestick charts suggests there could be a potential
downside today, but a confirmation is still required; A closing below 7830 today
might start a downward trend; But the present momentum, leaving aside the
Mauritius issue, should take the Nifty towards the 7920-7950 levels; There is
good Support at 7820 and then at 7780; Keep constant vigil; Do not be in
a hurry to get in; Consider all angles carefully before you decide to take
entry; Once in, take small profits and exit; Buy again, if upside continues;
See these if market upsurge comes now with increasing volumes:

Name See
to buy
AXISBANK 497 490 500 508 120
BHARTIARTL 364 358 367 370 160

Also watch HAVELLS>349 and RELINFRA>547 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.




11May(11:00) Nifty in red; +ve bias; 2 Suggest gave profit;
BHARTIARTL>373 if upsurge holds; See Site -INTDAY


Update-2: 11:00am

Suggest Action -- for LONG Comments
AXISBANK In at 497
Hold>497, SL-490
This can turn up, but be careful..
HAVELLS See after 349 Going up slowly; Watch carefully..
IBREALEST Choppy & Uncertain; But watch after 82
BHARTIARTL In at 364, Out at 377
See again after 373
Going down now, but can surge up again
PTC Choppy & Low Volume; Avoid, for now
RELINFRA In at 547, Out at 550.50
Hold>550, SL-545
Going up slowly; Careful..

Some small profits have come from two of our Suggests in the first hour, and we are
hopeful with almost all our Suggests at this time, provided the Nifty maintains its
upward journey; We fear that the market will flatten out just at the line, and that
is why you have to be very careful if you are holding; 7880-level will be difficult
for the Nifty to cross; It will be better to book profits now and get back in if the
upside resumes; 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.




11May(12:30) Nifty flat around line; RELINFRA added small
profit; AXISBANK Marginal; No Suggests look good at this
time; Await Europe openng; See Site -INTDAY


Update-3: 12:30pm

Suggest Action - for LONG Comments
AXISBANK Out at 498
Going flat now; Can go up with the Nifty..
HAVELLS Has started to fall; Avoid, for now
IBREALEST This is also falling; Avoid, for now
BHARTIARTL No development after last Update;
Going flat at 366; Avoid, for now
PTC Choppy & Low Volume; Avoid, for now
RELINFRA Out at 551.80 Going down now;
Can give another chance after 548

We do not see much chance with our Suggests any more, unless of course, the Nifty
starts to move up again; Low chances seen for that as the Nifty has not been able
to get past 7880 and into the green; In fact, has started to go down now; It will
be best to Stay Away now and come back if the Nifty starts to improve; A positive
Europe opening can pull our markets up; 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.




11May(2:30) Mkt in red; Choppy; 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
AXISBANK No progress after last Update;
But there is still chance after 498
HAVELLS Very Choppy; Uncertain & Risky; Avoid
IBREALEST Can rise up after 82; Keep watching
BHARTIARTL Has started to fall; Avoid
PTC Choppy & Low Volume; Risky; Avoid
RELINFRA Choppy & Uncertain; Risky; Avoid

There is some outside hope with two of our Suggests in the last hour, although
the Nifty has not progressed at all after our last Update; It has stabilised
around 7850, and it will be good if the Nifty can close above that level today;
Europe is still in the red and there are no domestic cues; Hold your guard;
Be very careful now; Do not take any hasty decision in the last hour that
can take you to losses; Protect your profits; We will close in the red today.



Please also see our Today's Performance or Details page