Market updates for Intraday

[Uncle-ji]

Wednesday, 18-May-2011, 10:00am

Slight gap-up opening as expected; Going flat now;
Slight negative bias; Market very quiet and cautious;
NIFTY opened today at 5450, Fluctuating around neutral line;
NIFTY now around 5430; Slight negative bias;
Downside confirmed below 5420; Downside sharp below 5400;
Upside will be confirmed after 5460; Bulls in control after 5500;
Market likely to trade within a range in the next 2 hours.

 

[Uncle-ji]

Wednesday, 18-May-2011, 2:20pm

Market in red; Going down; Uncertain bias now;
Market made a pullback, touched green;
Recovery did not hold; Asia and Europe in green;
NIFTY now around 5430; Slight positive bias;
Went down to 5400 levels; Support of 5400 proved strong;
Bounced back to 5450; This resistance is also very strong;
Back again but fall arrested at 5410. Trying to go up now;
5450 will have to be crossed for real upside;
More upside after 5500; Downside if 5400 is breached;
Market likely to trade within this range till end of day;
Be careful in choppy market ...

 

[Uncle-ji]

Wednesday, 18-May-2011, After Market Hours

The negative bias we spoke about yesterday has been confirmed today in view of the chart patterns and volume levels. Today the Bulls tried several times to break free, but every time the Bears won with confidence. We should now be ready for a fall. Only the fact that we are out of sync with global markets can save the day. Tomorrow will tell.

 

[Uncle-ji]

Thursday, 19-May-2011, Pre-Market 8:50am

Slight Gap-up to Flat opening with cautious trading expected today;
Asian markets mixed; World markets in green;
Dollar down; NYMEX Crude is slightly higher;
NIFTY support levels today are: 5400, 5375 and 5350;
NIFTY resistance levels today are: 5460, 5490 and 5560;
Weekly food inflation figures expected today;
Q4 Results today: ASHOKLEY TATAPOWER VOLTAS and others;
Our market likely to have positive trading today.

 

[Uncle-ji]

Thursday, 19-May-2011, 9:55am

Slight gap-up opening as expected; Going very flat now;
Uncertain bias; Market very quiet and cautious;
NIFTY opened today around 5450, Fluctuating around 5435 now;
Downside starts below 5420; Downside sharp below 5400;
Upside will be confirmed after 5440; Bulls in control after 5500;
Market likely to trade within a range in the next few hours.

 

[Uncle-ji]

Thursday, 19-May-2011, 11:10am

Market in green; Going flat; Uncertain bias now;
Market now in green; Fluctuating within a range around line;
Upward surge possible; Asian markets mixed;
NIFTY now around 5430; Uncertain bias;
Went down to 5410 levels; Support of 5400 still very strong;
Market trying to go up now; 5440 will have to be crossed;
More upside after 5460; Downside if 5400 is breached;
Market likely to trade within a range till mid day;
Be careful in range-bound market ...

 

[Uncle-ji]

Thursday, 19-May-2011, 12:40pm

Market in the green; Trading flat and range bound;
Uncertain bias; Upward breakthrough possible any time;
NIFTY around 5430 now; Unable to break the range;
5440 needs to be crossed for upward surge;
5410 support has to be breached for downfall;
Market showing signs of breakthrough, most likely upwards;
Careful in LONG in uncertain market...

 

[Uncle-ji]

Thursday, 19-May-2011, 2:30pm

Market holding on to the green; Trading sidewise, Quiet and Listless;
Slight positive bias; Asia has closed mixed, Europe is in green;
NIFTY now around 5425; Cannot break out of 5400-5440 range;
The strong resistance of 5400 is now likely to be broken;
Resistance of 5440 has held for long;
Downside is now the most possible under the circumstances;
Do not take unnecessary risk; Better to stay away if already in profit.

 

[Uncle-ji]

Thursday, 19-May-2011, After Market Hours

Our market just cannot break out of the 5400-5440 band. Like yesterday, the Bulls tried several times to break free, but every time the Bears won. The consensus is: market headed downward. Yesterday we said we will not see a downfall and we were correct. Today also, we feel differently. We would like to look at this picture as: the Bears have tried to pull the market down but the Bulls have resisted. Now it is the time for the Bulls to assert authority. Lets see.

 

[Uncle-ji]

Friday, 20-May-2011, 12:30pm

Market had opened in the positive as predicted;
In the green now; Trading strong;
Positive bias; Upward balance maintained;
NIFTY around 5465 now; Hovering around this resistance level now;
Previous resistance level of 5450 has acted as support;
NIFTY was unable to break resistance of 5490 in the morning;
5490 needs to be crossed for upward surge;
5430 local support has to be breached for downside;
Our updating system was down in the morning; Back on air now.