Market updates for Intraday

[Uncle-ji]

Monday, 06-June-2011, Pre-Market 09:00am

Gap-down to Flat opening expected for our markets today;
Many Asian markets closed today; US markets closed bad;
Dollar slightly; NYMEX Crude up by almost $2.5;
NIFTY support levels today are: 5480, 5445 and 5430;
NIFTY resistance levels today are: 5560, 5580 and 5600;
Good progress of monsoon seems to be only local trigger;
Our market likely to start trade in a subdued and cautious manner.

 

[Uncle-ji]

Monday, 06-June-2011, 10:00am

Gap-down opening; Market in the red; Going flat now;
World markets mixed; Our markets not to go down heavily from here;
NIFTY fluctuating around the 5500-mark now;
Support is at 5480; Resistance is at 5530;
These two levels will have to be crossed for direction;
Sidewise movement likely for sometime now.

 

[Uncle-ji]

Monday, 06-June-2011, 11:30am

Market in the red; Going Flat; Uncertain bias;
NIFTY around 5490 now; 5480 acting as good support;
Resistance is at 5530-5540; This will have to be crossed for upside;
More downside only if NIFTY breaches 5480;
Market likely to trade sidewise for some time with negative bias.

 

[Uncle-ji]

Monday, 06-June-2011, 12:40pm

Market in the red; Going flat with slight negative bias;
NIFTY still around 5490; Fluctuating around this mark;
5480 still now acting as good support; More downside beyond this;
Resistance is at 5530-5540; This will have to be crossed for upside;
Market likely to continue with sidewise movement around 5490;
Positive surge possible; Europe opening can give direction to our market.

 

[Uncle-ji]

Monday, 06-June-2011, 2:45pm

Market in green; Just climbed back above the line; Positive bias;
NIFTY around 5530 right now; Found support at 5500-5510;
More upside possible; Has to break 5540; Target after that is 5560;
Downside below 5500; Do not take unnecessary risk.

 

[Uncle-ji]

Tuesday, 07-June-2011, Pre-Market 08:45am

Flat or slight Gap-down opening expected for our markets today;
Asian markets are playing mixed; But trend is positive;
US markets closed bad for the 4th day running;
Dollar slightly down; NYMEX Crude remains unchanged;
NIFTY support levels today are unchanged: 5480, 5445 and 5430;
NIFTY resistance levels today remain at: 5560, 5580 and 5600;
No local trigger foreseen for the day; World markets subdued;
Market likely to start weak. A smart surge later in the day.

 

[Uncle-ji]

Tuesday, 07-June-2011, 09:50am

Gap-down opening; Recovered quickly; Market back in the green;
World markets mixed; Our markets going good now;
NIFTY around the local resistance of 5535-5540 now;
Local support is at 5520; Next Resistances are at 5560 and 5580;
These two levels will have to be crossed for confirmed upsurge;
Upward movement likely till resistance of 5580.

 

[Uncle-ji]

Tuesday, 07-June-2011, 11:15am

Market fluctuating around the line; Going Flat now;
Slight negative bias; World markets mixed;
NIFTY around 5525 now; 5540 acted as good resistance;
Resistance at 5530-5540 will have to be crossed for upside;
Downside only if NIFTY breaches 5520 and 5500;
Market likely to trade sidewise for some time.

 

[Uncle-ji]

Tuesday, 07-June-2011, 12:40pm

Market in the green; Going good with positive bias;
NIFTY now around 5550; Fluctuating around this mark;
Resistance of 5530-5540 crossed; Next resistance is at 5580;
Market likely to continue with upward movement till this level;
Downside not likely just now, only if NIFTY breaches 5520.

 

[Uncle-ji]

Tuesday, 07-June-2011, 2:50pm

Market in green; Going strong; Positive bias;
NIFTY just below 5570 right now; Support is at 5520;
Resistance of 5570-5580 will have to be crossed for more upsurge;
More upside possible; But not likely anymore;
Do not take unnecessary risk if already in profit.