Market updates for Intraday

[Uncle-ji]

Tuesday, 24-May-2011, 12:35pm

Market still in the green; Going flat with slight positive bias;
NIFTY fluctuating around 5405 now; Trading in range of 5390-5420;
Support levels of 5400-5390 have been solid today;
Downside starts below 5390; Downside sharp below 5350;
No upside before 5440; Upsurge seems unlikely;
5460 needs to be crossed for definite upward surge.

 

[Uncle-ji]

Tuesday, 24-May-2011, After Market Hours

We had a flat day of trade, but a recovery nonetheless from the dismal trading of yesterday. While the SENSEX crawled back past 18k, the NIFTY stayed below 5400. Volume is still below 10k. The near-term outlook continues to be negative. For the intraday traders, however, the ups and downs gave a lot of opportunities today.

 

[Uncle-ji]

Wednesday, 25-May-2011, Pre-Market 8:45am

Flat or slight Gap-down opening expected for our markets today;
Asian markets in red; But recovering now;
Dollar slightly down; NYMEX Crude up by almost $1;
NIFTY support levels today are: 5370 and 5350-5325;
NIFTY resistance levels today are: 5425-5435, 5450 and 5470;
Q4 Results today: BANKINDIA CAIRN COALINDIA TATASTEEL and others;
Our market to have choppy and cautious trading due to F&O Expiry.

 

[Uncle-ji]

Wednesday, 25-May-2011, 9:55am

Gap-down opening; Going flat; Slight negative bias;
Asia in the red; World markets mixed;
NIFTY now around 5370; Support of 5370 holding since morning;
Cannot cross 5380 to go up; 5400 will have to be crossed for upside;
More downside if NIFTY goes to 5350;
Market likely to be range-bound right now; Downside later.

 

[Uncle-ji]

Wednesday, 25-May-2011, 11:25am

Market still in the red; Going flat; Slight negative bias;
World markets in the red; Recovery looks remote;
NIFTY still fluctuating around support of 5370;
Support of 5370 holding strong since morning;
5380-5400 will have to be crossed for upside;
Downside will be confirmed if NIFTY goes below 5350;
Market likely to trade within 5350-5380 range for some time;
Be careful in range-bound market ...

 

[Uncle-ji]

Wednesday, 25-May-2011, 12:55pm

Market still in the red; Going down with negative bias;
NIFTY fluctuating around 5350 now; Found support in 5340;
Support of 5370 has been breached; Now 5340 also looks weak;
No upside before 5380; Upsurge seems unlikely.

 

[Uncle-ji]

Wednesday, 25-May-2011, 2:30pm

Market still deep in the red; Trading negative and quiet;
Negative bias; Whole world is in the red;
NIFTY now around 5330; Found support at this level;
All previous support levels of 5370 and 5340 have been breached;
No upside before 5380; 5400 needs to be crossed for definite upward surge;
5330 level unlikely to hold for the day; More downside possible;
Do not take unnecessary risk; Better to stay away if already in profit.

 

[Uncle-ji]

Thursday, 26-May-2011, Pre Market 09:00am

Flat or slight Gap-Up opening expected for our markets today;
Asian markets OK; World markets OK;
Dollar slightly down; NYMEX Crude up by almost $2.5;
NIFTY support levels today are: 5320 and 5295;
NIFTY resistance levels today are: 5380 and 5420;
Q4 Results today: MPHASIS TATAMOTORS WELCORP and others;
Weekly inflation figures to come today;
Our market to have choppy trading due to F&O Expiry.

 

[Uncle-ji]

Thursday, 26-May-2011, 11:15am

Market in the green; Going strong; Positive bias;
World markets in the green; Recovery should sustain;
NIFTY now around 5400; Resistance of 5380 crossed convincingly;
5400 will have to be crossed convincingly for more upside;
Market likely to trade strong and continue upwards;
Support of 5360-5370 holding strong for now.

 

[Uncle-ji]

Thursday, 26-May-2011, 1:10pm

Market in the green; Holding on to gains;
Going Flat now; Neutral bias;
NIFTY crossed 5400, but unable to cross strong resistance of 5420;
NIFTY fluctuating around 5390 now; Found support in 5380;
Market likely to trade within a range for some more time;
Stay Away, if already in profit.