IntradayTrade dot Net dot IN
Alerts / Updates

for Thursday, 26-May-2016


 

SUGGESTS:

 

BHEL

 

ICICIBANK

 

TATASTEEL

 

ALSO SEE:

AMBUJACEM

ARVIND

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 Thursday, 26-May-2016

SMS Pre-Market

Suggests: BHEL ICICIBANK TATASTEEL;
Also See: AMBUJACEM ARVIND PETRONET;
Valid for: 26-May-2016; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 8000, 8030, 8080, 8140, 8190;
NIFTY Support levels are: 7890, 7850, 7820, 7780, 7730;

 


 

SMS-1

26May(10:00) Gap-up openng; Going Flat;
See ICICIBANK>236 AMBUJACEM>229;
Watch BHEL>126.50 PETRONET>269;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

Another gap-up opening for the Nifty today, a small one at around 7980, and
cautious trading has been seen immediately after the opening as Asian markets
have turned mixed after a good positive start; Earlier, US markets had continued
yesterdays rally as oil has touched the $50 mark and renewed hopes of economic
revival; At home, the strong Nifty Resistance of 7940 has been taken out at the
opening and 8000-level will now be attempted, from where we have seen several
profit-booking falls till now; 7980-8000 range remains crucial; Once we cross that,
we think the 8150 level is what we would look for in the coming week; Key Support
comes at 7850 below which the 7780 level is likely to provide Support in case we
see retracement of the on-going short term uptrend; Today is Expiry; So, a lot of
ups and downs are expected; Like in the last few days, range-bound trading is
expected till Expiry; Keep constant vigil; Do not be in a hurry to get in; Consider
all angles very 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
Above
Stop
Loss
Target
1
Target
2
Number
to buy
ICICIBANK 236 232 239 242 250
AMBUJACEM 229 225 231 235 260

Also watch BHEL>126.50 and PETRONET>269 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

26May(11:00) Nifty in green; Flat at 7980; No Suggest gave profit;
See BHEL>126.50 ICICIBANK>236 AMBUJACEM>228.50
if Nifty turns up; Careful.. See Site -INTDAY

 

Update-2: 11:00am

Suggest Action -- for LONG Comments
BHEL See above 126.50 Can go up, Watch this carefully..
ICICIBANK See above 236 Can go up now; Watch carefully..
TATASTEEL Going down; Avoid, for now
AMBUJACEM See above 228.50 Stuck at 227; Can flare up..
ARVIND Choppy & Uncertain; Avoid, for now
PETRONET Quiet & holding; Watch after 269

Days like today are not suitable for Intraday Trading in LONG; The Nifty has
opened gap-up and is holding position at one Resistance level; For positional
traders, today is an excellent day and they would want the Nifty to keep the
hold on 7980-level till closing; But we Intraday Traders want movement; Unless
the Nifty starts to move up again, our Suggests might not be able to produce
any results today; Keep patience; Sudden chances can always come, specially in
the three Suggests identified above; Wait for your chance; But be very careful
about false starts; 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

26May(12:30) Mkt in green; Choppy; ICICIBANK gave small
profit; Only ICICIBANK>238 looks good at this time;
Await Europe openng; Careful.. See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
BHEL Scrappy & looks risky; Avoid, for now
ICICIBANK In at 236, Out at 237.80
See again after 238
Flat at 237 now; But can give more
TATASTEEL Flat Now; Can go up; Watch after 324
AMBUJACEM In at 228.50
Marginal till now
This can give some returns from here
ARVIND Choppy & Uncertain; Avoid, for now
PETRONET Still holding; Best to Avoid, for now

Our Suggests are still struggling, although the Nifty is doing a fantastic job
of holding 7980-level and is in the process of gaining a positive bias now; Our
Suggests will benefit, if that happens; Europe is also opening in the green, so
that will be another plus; But be very careful now; Keep constant vigil; Get in
only if you are confident about sustained upside; Do not take any undue 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

26May(2:30) Nifty above 8000; 1 Suggest gave profit;
2 are Marginal; ICICIBANK>241 PETRONET>269 good
for LONG if upsurge comes in last hour; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
BHEL Scrappy & Risky; Avoid
ICICIBANK Out at 241
See again after 241
Can give more in the last hour
TATASTEEL In at 324, Out at 325.80
Marginal till now
Low chances for further progress; Best to
exit and treat this as Marginal today
AMBUJACEM In at 228.50, Out at 229.40
Marginal till now
No further progress after last Update; Best
to exit and treat this as Marginal today
ARVIND Choppy & Uncertain; Avoid
PETRONET See above 269 Showing signs of going up;
But be very careful in the last hour

Except for some very small profits from ICICIBANK, our Suggests have not been
able to get anything substantial out from today's market; Just like yesterday;
Again the Nifty has done a fantastic job, but our Suggests were found lacking;
There can be chances with a few Suggests in the last hour, but be very careful
and and protect your profits, if any; Do not take any rash decision in the last hour
that can take you to losses; Stay Away if you are not sure about what to do; The
Nifty has gone past the Resistance zone of 7980-8000 and is now negotiating
the next Resistance at 8030; Europe is also doing good in the green;
We expect the Nifty to close around 8000 today, in the green.

 


 

Please also see our Today's Performance or Details page