IntradayTrade dot Net dot IN
Alerts / Updates

for Wednesday, 02-Aug-2017














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, 02-Aug-2017

SMS Pre-Market

Valid for 02-Aug-2017; All for LONG;
See site for Details


For Today:

NIFTY Resistance levels are: 10150, 10200, 10250;
NIFTY Support levels are: 10072, 10020, 9980, 9950, 9920;




02Aug(10:00) Flat openng; Uncertain;
All for LONG if upsurge comes; Details at site -INTDAY


Update-1: 10:00am

Another flat opening and uncertain trading is seen by the Nifty today, around
the line, after the start; All the gains of the last so many days are intact as
the Nifty is holding 10100-level; Global markets are good and all markets are
in the green on good APPLE results; Our markets will eagerly wait for the RBI
policy meet results scheduled to be released at 2:30pm today; We expect range
bound trading till then; This 10100-10120 area is the new Resistance and some
consolidation will take place here before the RBI results come in; Support is
at 10050-10020; There is always a chance of a profit booking downside that
can come suddenly at such high levels; Be on the watchout for that; Also,
as always, be careful about false starts in intraday trade in LONG;
See these if market upsurge comes now with increasing volumes:

Name See
to buy
IBREALEST 238 232 241 244 250
JINDALSAW 108 104 110 112 550

Also watch CHENNPETRO above 413 and POWERGRID above 226 if upsurge
comes now; All 6 Suggests are important to us; We will track all 6 through
the day today; Profits from any of the 6 are welcome, and will be reported in
our end-day report; Take position in above scrips only if you are absolutely
confident; All Suggests are for LONG trades; Stay Away, if not sure.




02Aug(11:00) Nifty in red; Slgt -ve bias; No Suggest gave
profit; See IBREALEST>238 PETRONET>212 now
if mkt turns up; Careful today.. See Site -INTDAY


Update-2: 11:00am

Suggest Action -- for LONG Comments
IBREALEST See after 238 Flat & Holding; Watch carefully..
JINDALSAW Choppy, but watch carefully after 107
PETRONET See after 212 Has turned around; Watch carefully..
CHENNPETRO Turning around; Watch after 410
HINDALCO Going down; Avoid, for now
POWERGRID Going down; Avoid, for now

No profits have come from any of our Suggests in the first hour today and we are
not really hopeful with any of them in the coming hours; Some show promise, but you
have to be very careful going forward; The market is apprehensive that the RBI might
disappoint, and a slight negative bias has already come in for the Nifty; The index is
at 10100 now, in the red, and any assurance from RBI can pull it right back; On
the same lines, any indication for no rate cuts will start a quick fall from here;
We hope that Support at 10050-10020 will hold in that case; It will be best
for us to wait and watch; Keep your vigil; Be alert; Do not let your guard
down; Do not take any undue risks in haste that can push you to losses;
Be careful of false starts; Stay Away if you are not sure.




02Aug(12:30) Nifty flat in red; 3 Suggests gave profit;
now if mkt turns up; See Site -INTDAY


Update-3: 12:30pm

Suggest Action - for LONG Comments
IBREALEST In at 238, Out at 239.40
See again after 239.40
Choppy, but Holding; Keep watching..
JINDALSAW Flat & Uncertain; Low Volume; Avoid, for now
PETRONET In at 212, Out at 213.40
See again after 213.40
Has become flat at 212.80; Can give more..
CHENNPETRO In at 410, Out at 414 Down to 410.50 now; But can flare up again..
HINDALCO See after 225 Slight positive bias; Watch carefully..
POWERGRID Going down; Avoid, for now

Small profits have been added by three of our Suggests after the last Update, and
we are hopeful for more at this time; The good thing is that the Nifty has flattened
out at the 10100-mark; The slight downside we saw in our last Update, is now gone;
This is still a "Wait & Watch" market, and it should remain like this till the RBI data
comes in; Some quick action is expected in the last hour today; But before that,
another bout of downside is possible; Do not be in a hurry to get in and trade;
BUY only if you get a confirmed upside; Once in, take small profit and exit; Go into
the buy-and-sell process again if upside continues; Do not take any unnecessary
risk that can push you to losses; Stay Away if you are not 100% sure;
Protect your profits; We do not want any losses today.




02Aug(2:30) Nifty in red; Slgt -ve bias; PETRONET added
profit; Only PETRONET>215 looks good for LONG if
upsurge comes now in last hour; See Site -INTDAY


Update-4: 2:30pm

Suggest Action - for LONG Comments
IBREALEST No further upside after the last Update;
Going down now; Best to Avoid in last hour
JINDALSAW Going down now; Avoid in last hour
PETRONET Out at 214.80
See again after 215
Low chances seen now, but keep watching..
CHENNPETRO Flat & Uncertain at 410; Avoid in last hour
HINDALCO Marginal at 225; There can be scope here
in the last hour; But best to Avoid now
POWERGRID Going down; Avoid today

Small profits have been added by PETRONET after the last Update, and that is the
only Suggest looking good for more in the last hour; The others are best avoided
now; The Nifty is still at 10100, in the red; We are all waiting for market reaction
to the RBI action which has cut repo rate by 25 bps to 6%; We feel that not much
change will come at this point, as this change has already been factored in by our
markets; Further reaction is awaited; For our Suggests, it is still a "Wait & Watch"
market; Some quick action may still come in the last hour; We only hope that the
10100-mark is held at the closing today; Let us not take any chances in the last
hour; Do not take any risks that can push you to losses; Stay Away if you are
not sure; Protect your profits; The Nifty will most likely close flat
today, but any green closing will create another closing high.



Please also see our Today's Performance or Details page