IntradayTrade dot Net dot IN
Alerts / Updates

for Wednesday, 05-Oct-2016


 

SUGGESTS:

 

CAIRN

 

CANBK

 

ONGC

 

ALSO SEE:

RECLTD

TATASTEEL

VOLTAS

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, 05-Oct-2016

SMS Pre-Market

Suggests: CAIRN CANBK ONGC;
Also See: RECLTD TATASTEEL VOLTAS;
Valid for date: 05-Oct-2016; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 8790, 8820, 8870, 8910, 8960;
NIFTY Support levels are: 8740, 8690, 8640, 8600, 8560;

 


 

SMS-1

05Oct(10:00) Gap-up openng; Going down;
See CAIRN>220 CANBK>335;
Watch ONGC>273 RECLTD>132;
All for LONG if upsurge comes; Details at site -INTDAY

 

Update-1: 10:00am

Another small 30-point gap-up opening today for the Nifty, above 8800, but
the index has started to fall immediately after hitting that very important mark;
Has come down into the red now, till below 8760, with a negative bias; There
is chance of some more downside, but the Support at 8740 should hold; Global
cues are bad today morning as US Fed rate increase fears have returned; US
markets had closed in the red yesterday; Asian markets are mostly in red right
now; At home, domestic banks are expected to pass on the 0.25 per cent rate
cut effected by RBI to borrowers, a move that would lower interest rates on
home, auto loans; But this has not had any visible influence on the market
till now; The market is in the grip of profit-booking driven by outside cues; Be
extra careful today; Trading pattern today may not be suitable for intraday
trading in LONG; Keep constant vigil; Do not be in a hurry to get in; Look
at all possible angles carefully before you take Entry; Once in, take
small, 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
CAIRN 220 216 223 226 260
CANBK 335 330 340 344 170

Also watch ONGC>273 and RECLTD>132 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

05Oct(11:00) Nifty at 8750 in red; Choppy; No Suggest
gave profit; See CAIRN>220 CANBK>335 RECLTD>132
now if mkt turns up; Careful today.. See Site -INTDAY

 

Update-2: 11:00am

Suggest Action -- for LONG Comments
CAIRN See after 220 Holding steady at 218; Watch this..
CANBK See after 335 At 333 now; Watch this, carefully..
ONGC Going down; Avoid, for now
RECLTD See after 132 Slight positive bias; Watch this..
TATASTEEL Choppy & Uncertain; Avoid, for now
VOLTAS Choppy & Uncertain; Avoid, for now

No profits have come from any of our Suggests in the first hour, and no one looks
very promising at this time; The downward bias for the Nifty has been stopped by
the Support at 8740 and the index is quiet in a very narrow range; Unless the Nifty
starts to move up from here, our Suggests will not have much chance; Keep constant
vigil; Look at all the possible angles before you decide to take Entry; Get in only
if you are absolutely sure; 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

05Oct(12:30) Mkt in red; Going Flat; CAIRN gave marginal
profit; None good for LONG now; All can profit if Nifty
goes up; Await Europe openng; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
CAIRN In at 220, Out at 221.30 At 219; Going down; Avoid, for now
CANBK Choppy & Uncertain; Avoid, for now
ONGC Going down; Avoid, for now
RECLTD Flat & Holding at 131.50; This has
chances if the general market improves
TATASTEEL Going down; Avoid, for now
VOLTAS Going down; Avoid, for now

Minimal and difficult profits have come from one of our Suggests after the last
Update, and again, no one looks very promising at this time; Except for maybe,
RECLTD; But the Nifty needs to start going up for any gettable profits; The Index
is at 8750 now, in the red, with the Support at 8740 still holding; But the way
things are shaping up, this level may not hold for long; Unless we get some good
positive trigger; Keep constant vigil; Look at all alternatives very carefully
before you take any decision; Get in only if you are very sure of your
actions; Do not take any undue risks that can take you to losses;
We do not want any losses today.

 


 

Please also see our Today's Performance or Details page