![]() Performance Results Thursday, 13-Sept-2012 |
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ALERTS for Thursday, 13-Sept-2012SMS Pre-Market Suggests: APOLLOTYRE ITC TATAMOTORS;Also See: IDEA JPASSOCIAT PETRONET; Valid for date: 13-Sept-2012; All for LONG; See site for Details -Intradaytrade.net Pre-Market: 9:00am Flat opening and cautious, range-bound trading predicted for our markets today; The NIFTY yesterday closed up for the 6th day running on positive global & domestic cues, totally ignoring IIP figures; Overnight, US stocks ended slightly higher after a top German court gave its nod for the new euro zone rescue fund to go ahead; Asian shares are flat today morning ahead of the US FED's decision about injecting more stimulus into the world's largest economy; A Reuters poll showed economists strongly expects a third round of FED bond buying known as quantitative easing (QE) to 65% from 60% in August; At home, our markets are likely to maintain range bound activity in trades today waiting for inflation figures tomorrow; The possibilities of a RBI rate cut is in focus specially if the inflation comes in bad tomorrow; A lot more economic reforms are also expected; RBI policy meeting is to be held on Sept17; INR-US$ is at 55.2225; WTI Crude is at $96.98;
NIFTY Resistance levels today are: 5450, 5470, 5500, 5520, 5540;
Market sentiments are mixed today morning with uncertain bias;
SMS-1 13Sept(10:00) Flat openng; Going Flat; Hold PETRONET>171; See PETRONET>171 APOLLOTYRE>102; Watch ITC>269 TATAMOTORS>262; All for LONG; Details at site -INTDAY ALERT-1: 10:00am Flat opening for the NIFTY; Going flat now around the line; PETRONET done OK since opening; PETRONET should have been in at 169 and out at 171; Hold PETRONET>171 if still in with StopLoss of 169; If not taken position, Till the next Alert, See these if the market goes up:
Also watch ITC>269 and TATAMOTORS>262 if market goes up; Trading flat now around the line; No particular bias seen; First Support is at 5410-5400; Next Support will be at 5360; First Resistance is at 5450; Next Resistance is at 5470; It is expected that the NIFTY will continue to trade flat and choppy within a range for some more time with uncertain bias; Small upside might come, but it will not be very strong; Overall we'll hold present position and not fall; Good Upside expected later in the day that will take NIFTY beyond 5450; Asian markets are trading flat now, but mostly in green; Stay focussed; Wait & Watch; Act quickly when opportunity comes; Do not take any big risk; Stay Away if in doubt; Maintain strict StopLoss if entering; Take small profit and exit; Repeat.
SMS-2 13Sept(11:00) Mkt +ve; IDEA PETRONET gave profit; Hold IDEA>82.50 if in; Watch APOLLOTYRE>102 ITC>269 TATAMOTORS>262 now; See Site -INTDAY ALERT-2: 11:00am Market in the green; Slight positive bias is seen developing; IDEA PETRONET gave small profits in LONG since our last Alert; IDEA should have been in at 82 and out at 82.50; Hold IDEA>82.50 if you are in it; StopLoss at 81; PETRONET should have been out at 172; Watch APOLLOTYRE>102 ITC>269 TATAMOTORS>262 now if upsurge strengthens; All can give profits from present level; Be cautious; Be sure & certain when taking position or holding; Get out at first hint of downfall; All for LONG. NIFTY around 5445 at this time; Has come up from 5430 since our last Alert with slight positive bias; Upsurge is weak and might not hold for long; However, slow progress to NIFTY-5450 should happen; First Resistance is there at 5450; Next Res is at 5470; First Support is now at 5425; Next Support will be at 5400; Asian markets are still mixed, flat and uncertain; Stay Away if not sure; Keep strict StopLoss if entering/holding; Avoid taking big risks; Take small small profits; Repeat.
SMS-3 13Sept(12:30) Mkt in red; Going Flat & Choppy; IDEA gave profit; See now APOLLOTYRE>100 IDEA>83 PETRONET>169; Await Europe openng; See Site -INTDAY ALERT-3: 12:30pm NIFTY in the green; Holding gains; Going choppy and flat now; IDEA gave small profit since our last Alert; IDEA should have been out at 83.50; There is nothing to hold at this time; See now APOLLOTYRE>100 IDEA>83 PETRONET>169 if upsurge comes with volume; Release with marginal profits at first hint of downside; Maintain strict StopLoss if entering; All for LONG. NIFTY around 5440 now; Slight positive bias that was seen developing has levelled out now; NIFTY is trading quiet in the very tight 5435-5445 range since about 10am; No bias; First Resistance of 5450 has not been crossed; It is still in force; Next Resistance is at 5470; First Support is still at 5425; Next Support will be at 5400; Asian markets are still flat and uncertain but mostly in the green; Europe opening is now important and can give direction to our market; They are expected to open flat; Be very careful in the next one hour or so; A Quick downside to 5410-5390 level can happen if Europe disappoints big time or we get any negative domestic news; Maintain strict StopLoss if holding or entering any trade; If you get opportunity, take small profits and exit; Repeat, if possible.
SMS-4 13Sept(2:30) Mkt around the line; Choppy; TATAMOTORS gave small profit; None look good now; All can profit in LONG if upsurge comes; Careful... See Site -INTDAY ALERT-4: 2:30pm NIFTY Fluctuating around the line at 5430; No bias; Our market has given up the gains of the morning and went down to about 5420; TATAMOTORS gave small profits in LONG since our last Alert; TATAMOTORS should have been in at 260 and out at 261.50; None look good for LONG now; All can give profits from current levels if upsurge comes with good volume; Be careful before taking fresh position in last hour; Release with minimal profits at first indication of fall; Take small profit and exit. NIFTY around 5430 now; Has come up from a low of 5420 that was reached after our last Alert; Fluctuating around the line now; RBI rate cut hopes and Cabinet meeting on Friday to discuss aviation FDI did not lift up markets; Europe's bad performance pulling market down; Support of 5420-5425 has held strong again; Still active; But may not hold for long if there are no good news; Next Support will be at 5400; First Resistance of 5450 has also held strong; NIFTY around 5440 on closing is the target for today; Be watchful & absolutely sure if taking position in last hour; Take small profits and exit; Do not risk profits already made; Today we will try to close in the green.
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About the profit figures shown in these pages:
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Please Note:
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