Market updates for Intraday

[Uncle-ji]

Thursday, 02-June-2011, 12:40pm

Market in the red; Now with slight positive bias;
Range-bound sidewise movement mainly;
NIFTY fluctuating within the 5545-5565 band;
NIFTY will now have to cross 5570 for confirmed upsurge;
Downside only if NIFTY breaches 5525;
Market likely to continue with sidewise movement for some more time;
Europe opening can give direction to our market.

 

[linkon7]

uncle-ji...yeh ants in my pants pattern kab tak chalega....?

NIfty is new brand ambassador for fevicol now... ! aur saath mein sensex freee...free...!

 

[Uncle-ji]

Thursday, 02-June-2011, 2:50pm

Market in red; Going flat; Still within a range;
NIFTY testing support of 5540 right now;
More downside only if NIFTY breaches 5525;
NIFTY needs to get back above 5570 for good upsurge;
More chances of our market holding present position in last hour.

 

[Uncle-ji]

linkon7> We are seriously in need of some trigger -- good, bad, whatever. But frankly speaking, all this does not matter for intraday traders. We are looking for latitude within the span of a day. And we are getting plenty of that. Some scrip or the other is giving us our daily bread. No problems for us if the overall sidewise drift continues, as long as the turbulence is there.

mahindratheman> Luck by Chance!!

 

[Uncle-ji]

Thursday, 02-June-2011, After Market Hours

Well, 5600 could not be crossed today. In fact, we should be thankful that we did not shrink further. This over-dependence on global cues is now the deciding factor for our markets in the absence of any domestic trigger. Slightly better inflation figures did not help. However, volumes are holding and FII/DII activity is not overtly negative. So, in spite of the fact that global markets are still in the red, our upward march may resume tomorrow.

More on Friday's likely trade-pattern will be in Pre-Market notes of 3rd June at about 8:45am.

 

[Uncle-ji]

Friday, 03-June-2011, Pre-Market 08:45am

Flat to Gap-down opening expected for our markets today;
Asian markets mixed; US markets also closed mixed;
Dollar down; NYMEX Crude slightly up;
NIFTY support levels today are: 5525, 5490 and 5470;
NIFTY resistance levels today are: 5580, 5600 and 5640;
RIL AGM today; US job data to be released today;
Our market likely to trade cautious today after yesterday's flat.

 

[Uncle-ji]

Friday, 03-June-2011, 10:05am

Gap-up opening; Market in the green; Going flat now;
World markets red; Our markets going against the trend;
NIFTY around 5595 now; Resistance of 5580 crossed in opening;
Resistance of 5600 acting strong now;
This will have to be crossed for definite upsurge;
Further resistance is at 5640; Support is at 5565;
Definite downside only if NIFTY breaches 5540 today;
Sidewise movement likely for sometime now;
RIL news after 11am will be a trigger.

 

[Uncle-ji]

Friday, 03-June-2011, 11:05am

Market in the green; Going Flat; Uncertain bias;
NIFTY around 5590 now; 5600 still acting as strong resistance;
NIFTY will now have to cross 5600 for upsurge to continue;
Downside only if NIFTY breaches 5565;
Market likely to trade sidewise for next half hour.

 

[Uncle-ji]

Friday, 03-June-2011, 12:35pm

Market below the line; And going down with negative bias;
NIFTY taking a great fall; Now around 5540; Negative bias;
More downside if 5525 is crossed; This is an important support now;
NIFTY will have to get back to 5580 for upsurge;
Market likely to continue with sidewise movement around 5540;
Europe opening can give direction to our market.

 

[Uncle-ji]

Friday, 03-June-2011, 2:35pm

Market in red; Going flat; Trading within a range;
NIFTY around 5530 right now; Found support at 5510;
Trading within a range of 5510-5540 now; More downside possible;
NIFTY needs to get back above 5570 for upsurge;
Do not take unnecessary risk; Stay away if already in profit.