Market updates for Intraday

[Uncle-ji]

Wednesday, 01-June-2011, 11:10am

Market in the green; Going OK; Uncertain bias;
Our markets took a tumble; Slight positive trend back now;
NIFTY around 5575 now; Resistance of 5560 acted strong;
NIFTY will now have to cross 5595 for confirmed upsurge;
Downside only if NIFTY breaches 5560-5555;
Market likely to trade positive now.

 

[Uncle-ji]

Wednesday, 01-June-2011, 12:50pm

Market in the green; Fluctuating just above neutral line;
Neutral bias; Range-bound sidewise movement only;
NIFTY fluctuating within the 5565-5580 band;
NIFTY will now have to cross 5595 for confirmed upsurge;
Downside only if NIFTY breaches 5560-5555;
Market likely to breakout and take direction in next hour or so;
Careful in uncertain market.

 

[Uncle-ji]

Wednesday, 01-June-2011, 2:50pm

Market in green; Slight positive bias but within a range;
NIFTY still fluctuating within a 5565-5590 band;
NIFTY needs to cross 5595 convincingly for good upsurge;
Downside only if NIFTY breaches 5560-5555;
Good chances of going up in last hour;
Do not take unnecessary risk;
Stay away if already in profit.

 

[tkamal]

dear uncleji,
will you tell Opening Time & Trading Hours of COMEX, NYMEX, LME & Dowjones in Indian Standard Time pLease??
Thanks in advance,
-tkamal

 

[Uncle-ji]

Wednesday, 01-June-2011, After Market Hours

The upward movement continued today and we were on the verge of crossing the strong resistance of 5600 for the NIFTY. This resistance proved to be very strong and we ended the day just below this level. Today's market, however, was not very suitable for intraday trading as we were in a tight 30-point range throughout the day. We still say: beyond 5600 for the NIFTY looks a distinct possibility this week. But 5600 will have to be crossed tomorrow.

More on Thursday's likely trade-pattern will be in Pre-Market notes of 2nd June at about 8:45am.

 

[sunny_cool]

Most of the international & Asian markets are in RED due to several reports showing US economy slowing & weak economy . US manufacturing growth slows more than estimate.
Markets @10.50 pm

INDEX VALUE CHANGE % CHANGE TIME
DOW JONES INDUS. AVG 12,378.70 -191.14 -1.52% 12:57
S&P 500 INDEX 1,326.10 -19.10 -1.42% 13:00
NASDAQ COMPOSITE INDEX 2,799.87 -35.43 -1.25% 12:59
S&P/TSX COMPOSITE INDEX 13,669.50 -133.38 -0.97% 13:00
MEXICO IPC INDEX 35,660.70 -172.12 -0.48% 12:39
BRAZIL BOVESPA INDEX 63,911.40 -708.65 -1.10% 13:00
More Indexes from the Americas
Europe, Africa and Middle East
INDEX VALUE CHANGE % CHANGE TIME
Euro Stoxx 50 Pr 2,827.66 -34.26 -1.20% 11:52
FTSE 100 INDEX 5,928.61 -61.38 -1.02% 11:35
CAC 40 INDEX 3,964.81 -42.13 -1.05% 12:06
DAX INDEX 7,217.43 -76.26 -1.05% 12:30
IBEX 35 INDEX 10,339.30 -136.70 -1.30% 11:35
FTSE MIB INDEX 20,866.30 -243.46 -1.15% 11:30
AEX-Index 345.95 -3.49 -1.00% 12:06
OMX STOCKHOLM 30 INDEX 1,159.47 8.11 0.70% 07:00
SWISS MARKET INDEX 6,496.47 -58.24 -0.89% 11:31
More Europe, Africa and Middle East Indexes
Asia-Pacific
INDEX VALUE CHANGE % CHANGE TIME
NIKKEI 225 9,719.61 25.88 0.27% 02:28
HANG SENG INDEX 23,626.40 -57.70 -0.24% 04:01
S&P/ASX 200 INDEX 4,707.30 -1.00 -0.02% 06/01

Seems Indian market will also open in deep red. So my friend beware of long position & get out of them.

 

[Uncle-ji]

tkamal> I do not have exact info on commodities markets, but this may help you: Trading times in IST:

DOW -- 7pm IST to 1.30am IST
LME Select -- 5:30am IST to 11:30pm IST
NYMEX on CME Globex -- 24-hours Sunday to Friday; Everyday break from 2:45am IST to 3:30am IST; Closed on Saturday.
COMEX is also essentially 24 hours with a break in between. For full details on COMEX see their website: http://www.cmegroup.com/trading_hours/index.html

sunny_cool> You are correct -- Europe has closed in the red and US markets are trading in the red right now. Even then, let us wait till the morning and see how Asia opens before predicting our opening tomorrow. Situation may change.

Also, besides world markets, the opening depends on very many other factors!

 

[Uncle-ji]

Thursday, 02-June-2011, Pre-Market 08:45am

Gap-down to flat opening expected for our markets today;
Asian markets in the red; US markets closed red;
Dollar holding; NYMEX Crude down by $2+;
NIFTY support levels today are: 5560, 5525 and 5500;
NIFTY resistance levels today are: 5620, 5640 and 5690;
Possible diesel and LPG price hike this week may impact trading;
Our market likely to trade low today as the whole world is in the red.

 

[Uncle-ji]

Thursday, 02-June-2011, 10:00am

Big Gap-Down opening; Market in the red; Making up now;
World markets red; Upsurge likely to sustain through the day;
NIFTY around 5550 now; 5555-5560 acting as a resistance;
Further resistance is at 5580-5590; Support is at 5525;
More downside only if NIFTY breaches 5525;
Sidewise movement likely for the next hour or so;
Be careful today — market looks uncertain.

 

[Uncle-ji]

Thursday, 02-June-2011, 11:05am

Market in the red; Going Flat; Uncertain bias;
NIFTY around 5560 now; 5560 still acting as resistance;
NIFTY will now have to cross 5570 for upsurge to commence;
Downside only if NIFTY breaches 5525;
Market likely to trade sidewise for some more now.