Market updates for Intraday

[Uncle-ji]

Friday, 20-May-2011, 2:40pm

Market in the green; Trading positive and solid;
Positive bias; Asia has closed mixed, Europe is in green;
NIFTY now around 5500; Found resistance at 5517;
Resistance of 5460 and 5490 have been broken;
5490 now acting as support; Next resistance is at 5560;
This is possible as long as NIFTY stays above 5500;
Downside not likely until NIFTY goes below 5460;
NIFTY likely to trade within a range now till end of day;
Do not take unnecessary risk; Better to stay away if already in profit.

 

[Uncle-ji]

Monday, 23-May-2011, Pre-Market 8:45am

Gap-down to Flat opening with cautious trading expected today;
Asian markets in red; World markets in red;
Dollar slight down; NYMEX Crude is slightly down;
NIFTY support levels today are: 5425, 5400 and 5390;
NIFTY resistance levels today are: 5510 and 5560;
Q4 Results today: SATYAMCOMP TATACHEM KTKBANK GAIL and others;
This is F&O Expiry week;
Our market likely to have choppy and cautious trading today.

 

[Uncle-ji]

Monday, 23-May-2011, 9:50am

Big Gap-down opening; Going flat now; Sentiments down;
Negative bias; Market very quiet and cautious;
NIFTY now fluctuating around support of 5425;
Downside starts below 5400; Downside sharp below 5390;
Upside will be confirmed after 5460; Bulls in control after 5510;
Market likely to trade within a range in the next 2 hours.

 

[Uncle-ji]

Monday, 23-May-2011, 11:00am

Market deep in red; Going flat; Negative bias continues;
Fluctuating within a range around support figure;
Whole world is in the red; Upward surge not likely just now;
NIFTY still fluctuating around support of 5425;
Like before: Downside starts below 5400; Downside sharp below 5390;
Upside will be confirmed after 5460; Upside sharp after 5510;
Market likely to trade within 5420-5440 range till mid day;
Be careful in range-bound market ...

 

[Uncle-ji]

Monday, 23-May-2011, 12:40pm

Market still deep in red; Going down further;
Negative bias continues; Upward surge looks remote now;
NIFTY around support of 5400 now; Hovering around this resistance level;
Previous support level of 5425 has been breached;
Downside will be sharp below 5375; No upside before 5440;
5460 needs to be crossed for definite upward surge; Seems unlikely.

 

[Uncle-ji]

Monday, 23-May-2011, 2:35pm

Market still deep in the red; Trading flat and quiet;
Negative bias; Whole world is in the red;
NIFTY now around 5380; Found support at this level;
Previous support levels of 5425 and 5400 have been breached;
This level unlikely to hold for the day; More downside possible;
No upside before 5440; 5460 needs to be crossed for definite upward surge;
Do not take unnecessary risk; Better to stay away if already in profit.

 

[Uncle-ji]

Monday, 23-May-2011, After Market Hours

It was a dismal day for our markets today as it was kept following global cues. Debt worries in Europe sent almost all global markets down and our markets followed suit, totally ignoring the fact that these situations have no bearing on our internal economic system whatsoever. Whatever it is, our markets went below the psychological levels of 18k for the SENSEX and 5400 for the NIFTY and with the pending increase of diesel and LPG prices, the near-term outlook does not look good.

 

[Uncle-ji]

Tuesday, 24-May-2011, Pre-Market 08:45am

Flat opening with cautious trading expected today;
Asian markets in red; All major World markets in red;
Dollar holding; NYMEX Crude is slightly down;
NIFTY support levels today are: 5350, 5325 and 5300;
NIFTY resistance levels today are: 5400, 5425 and 5450;
Q4 Results today: Tata Global, DLF, Praj Ind, REC,
Bharat Forge, Power Grid, Orbit Corp and others;
This is F&O Expiry week;
Ministerial panel to meet this week to decide on diesel and LPG prices;
Our market likely to have choppy and cautious trading today.

 

[Uncle-ji]

Tuesday, 24-May-2011, 10:00am

Flat opening; Went up immediately; Then down to line; Fluctuating there;
Slight negative bias; World markets recovering;
NIFTY now fluctuating just below support of 5400;
Yesterday's closing acting as local support; Slight negative bias;
Downside starts below 5370; Downside sharp below 5350-5325;
Upside will be confirmed after 5425; More pronounced after 5450;
Market likely to trade within a range in the next 2 hours.

 

[Uncle-ji]

Tuesday, 24-May-2011, 11:15am

Market now in green; Going flat; Slight positive bias;
World markets recovering; Upward surge possible;
NIFTY fluctuating around support of 5400-5415;
Downside starts below 5390; Downside sharp below 5350;
Market likely to trade within 5400-5440 range for some time;
Upside will be confirmed after 5450;
Be careful in range-bound market ...