IntradayTrade dot Net dot IN
Alerts / Updates

for Wednesday, 03-Aug-2016


 

SUGGESTS:

 

CHENNPETRO

 

IDFC

 

ITC

 

ALSO SEE:

DISHMAN

IDEA

TVSMOTOR

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, 03-Aug-2016

SMS Pre-Market

Suggests: CHENNPETRO IDFC ITC;
Also See: DISHMAN IDEA TVSMOTOR;
Valid for date: 03-Aug-2016; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 8670, 8710, 8780, 8830, 8870;
NIFTY Support levels are: 8620, 8580, 8540, 8510, 8480;

 


 

SMS-1

03Aug(10:00) Flat openng; Going down;
See IDFC>57.50 IDEA>106.50;
Watch ITC>256 DISHMAN>167;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

A flat opening for the Nifty today, at around 8630, and the index had gone
down immediately to a low of 8560; Has recovered a little and is at 8580 now;
There can be more downside if we get any bad news, domestic or global; US
markets continue to remain down on bad data; Asian markets are down today
morning due to disappointing Japanese stimulus; For the Nifty today, we
expect a bounce back towards the green zone later in the day; There is
Support at 8580-8540 that should hold; Similarly Resistance at 8650-
8680 will be difficult to cross; Be very careful about false starts today;
Keep constant vigil; Do not be in a hurry to get in and trade; Consider
all angles carefully before you Enter; 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
IDFC 57.50 55 59 61 1040
IDEA 106.50 104 108 110 560

Also watch ITC>256 and DISHMAN>167 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

03Aug(11:00) Nifty in red; Flat; DISHMAN gave profit;
IDFC Marginal; See ITC>256 DISHMAN>170 now
if mkt turns up; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action -- for LONG Comments
CHENNPETRO Choppy & Uncertain; Avoid, for now
IDFC Marginal at 57.50 Very sketchy; Best to Exit Marginal here
ITC See after 256 Holding steady; Can flare up suddenly..
DISHMAN In at 167, Out at 169.70
See again after 170
Taken a fall; Can give a 2nd chance later
IDEA Choppy & Uncertain; Avoid, for now
TVSMOTOR Flat & Uncertain; Avoid, for now

Today is not a good day for intraday trading in LONG; Till now; The situation will
change if the Nifty starts to move up later today, as we are expecting; Till then it
will be best to Stay Away from this market; Some profits have already been given
by one Suggest in the first hour, and it is your good luck if you have been able
to get some of it against the flow; 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.

 


 

SMS-3

03Aug(12:30) Mkt in red; Flat; IDFC gave profit; No Suggest
looks good for LONG at this time; Best to Stay Away
unless the Nifty moves up; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
CHENNPETRO Choppy & Uncertain; Avoid, for now
IDFC In at 57.50, Out at 58.90 Profits were possible if you were patient and
kept on holding; Not much more expected
ITC Holding but Choppy; Avoid, for now
DISHMAN No upside after last Update; Avoid, for now
IDEA Choppy & Uncertain; Avoid, for now
TVSMOTOR Flat & Uncertain; Avoid, for now

IDFC had given a chance, but most members might have gone out Marginal based on
what we had said; That is OK, best not to take chances; The overall market situation
has not improved, and we do not expect much from our Suggests at this time; It is
best to Stay Away from this market; Unless the Nifty starts to move up again;
Do not take any unnecessary risks that can take you to losses;
Protect your Profits; Stay Away if you are not sure about
what to do; We do not want any losses today.

 


 

SMS-4

03Aug(2:30) Mkt in red; Choppy; No Suggest gave profit;
No Suggest looks 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
CHENNPETRO Holding; Might go up now;
But best to Avoid in last hour
IDFC No upside after last Update;
Best to Avoid now in last hour
ITC Took a fall; Might go up now;
But best to Avoid in last hour
DISHMAN Has become very Scrappy & Risky; Avoid
IDEA Scrappy & risky; Avoid
TVSMOTOR Holding; Might go up now;
But best to Avoid in last hour

No profits have come from any Suggests after the last Update; None really
looks good for profits in the last hour; But there is a spring in the air; The
GST bill is being discussed; The Nifty might still give the expected upside into
the green zone before closing today; But let us not take any chances; It is best
to take home whatever profits you have made and Stay Away now; Do not
take any undue risks that can push you to losses in the last hour;
The Nifty will close in the red/flat today.

 


 

Please also see our Today's Performance or Details page