Market updates for Intraday

[Uncle-ji]

Tuesday, 10-May-2011, 12:40pm

Market in green; Trading Flat as predicted;
Our market trading within a range; Slight Positive bias;
NIFTY now around 5573; 5560 working as support level now;
NIFTY finding it difficult to cross 5600; Strong resistance;
No further upside if that is not crossed convincingly;
Europe opening can give direction to our market;
Be certain before taking position; Careful in LONG in choppy market.

 

[Uncle-ji]

Tuesday, 10-May-2011, 2:40pm

Market back in the red; Negative bias; Trading flat and choppy now;
Markets took a plunge around 1:30pm; Europe trading in the green;
NIFTY now around 5525; This support holding on till now;
Next steps are 5500 on the downside and 5600 on the upside;
Flat and choppy trading expected till the end of the day;
Stay away if already in profit; Do not take unnecessary risk.

 

[Uncle-ji]

Wednesday, 11-May-2011, Pre-Market 8:45am

Flat and cautious opening expected for our market today;
Asian markets mixed; World markets OK;
Dollar down; NYMEX Crude has increased slightly;
NIFTY support levels today are: 5500, 5440 and 5470;
NIFTY resistance levels today are: 5600, 5625 and 5635;
Q4 Results today: APOLLOTYRE DEEPAKFERT TANLA and others;
Tuesday's up and down movements may not be seen today;
Our market should come out of sidewise movement and get direction today.

 

[Uncle-ji]

Wednesday, 11-May-2011, 10:00am

lat opening as expected; Going flat; Slight negative bias;
Our markets fluctuating just around neutral zone;
NIFTY now around 5535; Downside will be pronounced after 5525;
Upside will be possible after 5560; Bulls in control after 5600;
Market likely to trade within a range in the next few hours.

 

[Uncle-ji]

Wednesday, 11-May-2011, 11:30am

Our market has given a surge to 5560 area; Trading good now;
Positive bias; The whole world is in green now;
Positive march likely to continue for some more time;
NIFTY now around 5560; Finding it difficult to cross this resistance;
5520 support still holds; No upsurge until 5560 is crossed;
No downside until 5520 is breached;
Look, see and watch before you jump...

 

[Uncle-ji]

Wednesday, 11-May-2011, 12:30pm

Market in green; Trading Flat as predicted;
Our market trading within a range; Slight Positive bias;
NIFTY now around 5550; Resistance of 5560 still holds;
NIFTY strong resistance 5600 to be crossed for Bull control;
No further downside until 5520 is breached convincingly;
Europe opening can give direction to our market;
Be certain before taking position; Careful in LONG in uncertain market.

 

[linkon7]

Great going uncle-ji...!

personally i think 5517 to 5501 are critical support now...

momentum will be visible below these lvl....

 

[Uncle-ji]

Wednesday, 11-May-2011, 2:45pm

Market deep in the green; Positive bias; Trading good now;
NIFTY resistance of 5560 crossed; Target till end of day: 5600;
NIFTY now around 5570; Markets going up in a choppy manner;
No further downside until 5520 is breached convincingly;
Do not take unnecessary risk; Stay away if already in profit.

 

[Uncle-ji]

linkon7> You are perfectly right about momentum expected to come in at 5517 to 5501 levels.

As you may have noticed, I have not gone into deep details till now, as I am not sure whether people are following this thread and whether anybody is getting anything good from here. I have so far given the operative levels in 'round figures' -- I will say 5520 instead of 5517, for example. More details will come if people are interested...

Such feedback will be helpful, folks!

 

[msa5678]

linkon7> You are perfectly right about momentum expected to come in at 5517 to 5501 levels.

....More details will come if people are interested...

Such feedback will be helpful, folks!

Uncle-ji not that ur postings are going
unnoticed. They are being noticed, followed
and appreciated. Keep the good work going.

Regards,
MSA