IntradayTrade dot Net dot IN
Alerts / Updates

for Friday, 24-June-2016


 

SUGGESTS:

 

HINDALCO

 

SBIN

 

TATAMOTORS

 

ALSO SEE:

AMBUJACEM

HEXAWARE

TITAN

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, 24-June-2016

SMS Pre-Market

Suggests: HINDALCO SBIN TATAMOTORS;
Also See: AMBUJACEM HEXAWARE TITAN;
Valid for 24-June-2016; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 8290, 8350, 8380, 8430, 8470;
NIFTY Support levels are: 8210, 8180, 8130, 8090, 8060;

 


 

SMS-1

24June(10:00) Big Gap-down openng; Choppy;
See SBIN>210.50 HEXAWARE>227;
Watch TATAMOTORS>435 TITAN>387;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

A huge big gap-down opening was seen in our markets today, with the Nifty below
8000-level at the opening bell; This is on news that Brexit 'Leave' camp is leading
in early referendum count in the UK; This is a 'surprise' development as till last
night all major markets in Asia, Europe and US have been very strongly positive
expecting a win for the 'Remain' group; Early counting has stunned the Street;
Asian markets are down very badly, with Japan down -7.5%; Nifty is down -2.7%;
Sensex was down 1000-points at one time; Since the opening, our markets have
not been able to make any substantial recovery, and the Nifty is trading quietly in
the 8000-8050 range; Some recovery will come for the Nifty, we feel, as the Brexit
situation is analysed and understood by the Street; Whatever is happening now is
on the back of global cues, but our Indian market is resilient and will take this Brexit
thing in its stride, we feel; Just give it a little time; Till then, it will be best to Stay
Away
from this market, specially for intraday trading in LONG; No matter what we
have said in the section below; New Support levels are now: 7950, 7920; New levels
for Resistance: 8050, 8080, 8140; As said, you have to be very careful today; Keep
constant vigil; Individual, small chances can always come; But do not be in a hurry
to get in; Consider all angles carefully before you Enter; Once in, take small
profits and exit; Buy again, if the upside continues; See these
if market upsurge comes now with increasing volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
SBIN 210.50 206 213 218 280
HEXAWARE 227 222 230 233 260

Also watch TATAMOTORS>435 and TITAN>387 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

24June(11:00) Nifty deep in red; Flat; TITAN gave profit;
See SBIN>209 TATAMOTORS>435 HEXAWARE>227 TITAN>400
now if mkt turns up; Careful.. See Site -INTDAY

 

Update-2: 11:00am

Suggest Action -- for LONG Comments
HINDALCO Going flat at 114; Watch after 117
SBIN See after 209 Flat & Quiet; Watch carefully..
TATAMOTORS See after 435 Holding steady; Be very careful..
AMBUJACEM Choppy & Uncertain; Avoid, for now
HEXAWARE See after 227 Going up slowly; Watch carefully..
TITAN In at 387, Out at 400
See again after 400
Sharp rise has given good profits;
Be very careful now..

Good profits have come from TITAN on a very very bad day; This is the beauty of
Intraday Trading; No matter what the general market is doing, intraday profits can
be made from individual scrips at any time; But it is time to be very careful, mainly
about false starts; Can happen now, with any of our Suggests; Decrease your Exit
range today, both on the upside as well as on the downside; Go for multiple entry
exit with small small profits or loss; Do not hold on to anything for long periods,
even if it looks good; Remember, taking position in LONG is risky today; Britain
has voted to quit the EU; There can be more downside in the market now; Get in
only when you get a very good opportunity; 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

24June(12:30) Nifty deep in red; Going down;
HEXAWARE gave profit; TATAMOTORS touched Trigger;
No Suggest looks good now; Best to Stay Away; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
HINDALCO Going down; Avoid this
SBIN Going down; Avoid this
TATAMOTORS Touched Trigger at 435 There was no actual Entry; But if you are in,
best to go out Marginal if you get a chance
AMBUJACEM Going down; Might turn Up;
But best to Avoid
HEXAWARE In at 227, Out at 231.30 Falling now; Can turn up again;
But best to Avoid
TITAN No developments after last Update; Avoid

One thing needs to be clear: ALL our Suggests are very much capable of giving good
profits in LONG from present lows IF the Nifty starts to recover and go up now; All
are poised to go up, but you have to be very careful about false starts; One has
already happened with TATAMOTORS; However, if you have managed to get some
profits already from our two winners, it will be better not to take any further
chances from here, and Stay Away; Protect your profits; Quit this market;
Do not take any unnecessary risks that can take you to losses;
Stay Away; We do not want any losses today.

 


 

SMS-4

24June(2:30) Mkt in red; +ve bias; But Uncertain; 2 Suggests
gave profit; Many Suggests capable of profits in last hour;
But best to Stay Away; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
HINDALCO Has come up to 118 from 112; But still this
is uncertain and risky; Best to Avoid this
SBIN In at 209, Out at 212 If you have skipped this, OK; But if you did
take Entry, there can be more here in last hour
TATAMOTORS In at 435, Out at 452 Here also, it is OK if you had gone Marginal;
This can also give some more in the last hour
AMBUJACEM Has come up from 238 to touch almost 246;
There can be chance here after 246
HEXAWARE No further development after last Update;
Flat around 230; Can give another jump up
TITAN No further developments after initial upside;
Flat at 390; Can give another jump up

As can be seen from the box above, we are not abandoning any of our Suggests;
We are saying that all have the capability of producing profits from this stage on,
BUT at the same time, we are saying that the going will be risky; If you have made
your profits for the day, you should quit and avoid this market now; The reason for
our double-speak is straightforward -- the whole world is taking a beating because
of the Brexit vote; The Bristsh Prime Minister has resigned and some markets in
Europe are -10% down; The Nifty has gone against this world trend and has given
a smart rise from 7930 to 8080 in the last 2 hours; There is every chance that the
Nifty will progress some more and cross 8100 before closing time today, but still it
will close more than 170 points down at the end today; We should not depend on
any further uprise anymore; We repeat: if you have made adequate profits for the
day, you should quit and avoid this market now; Do not take any further risks;
Protect your profits; The Nifty will close red today.

 


 

Please also see our Today's Performance or Details page