Market updates for Intraday

[Uncle-ji]

Monday, 30-May-2011, 11:05am

Market on the line; Going down; Negative bias;
World markets, except Japan, in the green;
NIFTY around 5470 now; Upsurge possible later in the day;
NIFTY will have to cross 5495 for upward trend to start;
Downside if NIFTY breaches 5450 and then 5425;
Market likely to see more downside; But 5450 should hold.

 

[Uncle-ji]

Monday, 30-May-2011, 2:45pm

Market in the red; Fluctuating around line; Flat bias;
NIFTY fluctuating around 5460 and 5490;
Found support/resistance at these levels;
NIFTY will have to cross 5495 for upward trend to start;
But, upside looks uncertain;
Downside if NIFTY breaches 5450 and then 5425;
Do not take unnecessary risk;
Better to stay away if already in profit.

 

[Uncle-ji]

Tuesday, 31-May-2011, Pre-Market 08:45am

Gap-up opening expected for our markets today;
Asian markets OK; US markets were closed on Monday;
Dollar slightly down; NYMEX Crude slightly up;
NIFTY support levels today are: 5445, 5425 and 5375;
NIFTY resistance levels today are: 5510, 5525 and 5560;
Q4 Results today: STERLINGBIO BEML and others;
Announcement of GDP (gross domestic product) data today;
Possible diesel and LPG price hike this week may impact trading;
Our market expected to have good but cautious trading today.

 

[Uncle-ji]

Tuesday, 31-May-2011, 10:00am

Gap-Up opening; Going Strong; Positive bias;
World markets mixed; Our upsurge should hold;
NIFTY now over resistance of 5510;
NIFTY will have to cross 5525-5530 for upward trend to continue;
Downside only if NIFTY breaches 5490-5485;
Market in an upsurge right now; Not much downside expected.

 

[Uncle-ji]

Tuesday, 31-May-2011, 11:10am

Market in the green; Going good; Positive bias;
World markets OK; Our market going down now;
NIFTY around 5520 now; Resistance of 5525-5530 acting strong;
Found local support at 5510; Stronger support is at 5470-5460;
NIFTY will have to cross 5530 confidently for upsurge to sustain;
Downside only if NIFTY breaches 5470-5460;
Market likely to trade sidewise for some time now.

 

[Uncle-ji]

Tuesday, 31-May-2011, 12:35pm

Market in the green; Holding on to gains;
Going OK now; Positive bias;
NIFTY just crossed strong resistance of 5530;
Next resistance is at 5560; Local support of 5510 active;
Downside only if NIFTY breaches 5500 and then 5470-5460;
Market likely to trade strong and continue upwards.

 

[Uncle-ji]

Tuesday, 31-May-2011, 2:35pm

Market in green; Positive bias; Holding on to gains;
NIFTY around 5560 now; Going up; Next resistance is at 5590-5600;
Support is around 5500; No severe downside until that is crossed;
Do not take unnecessary risk; Better to stay away if already in profit.

 

[Uncle-ji]

Tuesday, 31-May-2011, After Market Hours

We got confirmed upward direction today right from the start. There was a small jolt when the bad GDP figures were disclosed, but the quick realisation that this will mean easier interest rates from RBI pulled the market back upwards. Volumes and FII participation were quite good. 5600 and beyond for the NIFTY looks a distinct possibility this week. But you never know!

More on Wednesday's likely trade-pattern will be in Pre-Market notes of 1st June at about 8:45am.

 

[Uncle-ji]

Wednesday, 01-June-2011, Pre-Market 08:55am

Gap-up opening expected for our markets today;
Asian markets mixed; US markets closed green;
Dollar down; NYMEX Crude holding;
NIFTY support levels today are: 5500, 5470 and 5440;
NIFTY resistance levels today are: 5600, 5620 and 5690;
Possible diesel and LPG price hike this week may impact trading;
Our market expected to trade cautiously today after yesterday's rally.

 

[Uncle-ji]

Wednesday, 01-June-2011, 10:00am

Gap-Up opening; Going OK; Slight Positive bias;
World markets mixed; Upsurge likely in our market;
NIFTY fluctuating around 5585 now;
5600 will have to crossed for upsurge to be confirmed;
Downside only if NIFTY breaches 5560-5555;
Not much downside expected; Sidewise movement now;
Be careful today — market looks uncertain.