Market updates for Intraday

[msa5678]

Thursday, 09-June-2011, 2:45pm

Market back in the red; Going flat; Uncertain bias;
NIFTY went positive as predicted; But recovery did not hold;
NIFTY around 5520; Fluctuating between 5510 and 5525;
Resistance around 5535 could not be crossed;
NIFTY needs to go back above 5540 for upside now;
Downside if NIFTY now breaches 5500;
Do not take unnecessary risk if already in profit.

Uncle-ji,

I don't think anybody is in profit since the past week, very tough market going on.

 

[TraderRavi]

yeah Uncle-Ji right, why take unnecessary risk, even while I am in loss,..
.. tough day rather days...as no clear cut direction is there, nifty changing stance every 15 minutes....

 

[Uncle-ji]

msa5678> and TraderRavi> Tough market, yes and even tougher to make profit from intraday trading. But there has been one or two scrips everyday that has given some profit. You have to be lucky first to catch them and then hit them at the right time. However, let us not lose heart. The wheel will turn. Definitely. Better times will surely come. Sooner than later.

 

[sandeep.kala]

uncle-ji kaha gaye aaj ?

 

[Uncle-ji]

Sandeep> We are having severe power problems in our area since 3am last night. Could not follow the market till about noon. Back on air now, but the market being what it is like, taken the day off

 

[Uncle-ji]

Monday, 13-June-2011, Pre-Market 8:55am

Gap-down opening expected for our markets today;
Asian markets in the red; US closed red last weekend;
Dollar holding; BRENT Crude down by $1.2+;
NIFTY support levels today are: 5470, 5450 and 5430;
NIFTY resistance levels today are: 5520, 5550 and 5600;
RBI likely to hike interest rates by 25bp later this week;
Workers' strike at Maruti plant likely to be solved soon;
Market likely to start weak; direction to come in the day.

 

[Uncle-ji]

There is an article on day-trading in the Wealth section of The Economic Times today. Have a look -- Good reading. This is the link:

http://economictimes.indiatimes.com...ading-for-you/articleshow/8811288.cms?curpg=1

 

[Uncle-ji]

Monday, 13-June-2011, 10:00am

Gap-Down opening; Going down now; Strong negative bias;
World markets bad; Careful in morning trading;
NIFTY below 5450 now; Started the day at 5470 and went down;
Support level of 5450 holding now; Next support is at 5430;
If this is breached, we may go down to 5370;
Resistance at 5490 will have to be crossed for upsurge;
Market sentiments bad; flat trading with negative bias likely.

 

[Uncle-ji]

Monday, 13-June-2011, 11:55am

Market in the red; But recovering now; Slight positive bias;
Whole world still in the red;
NIFTY around 5465 now; Support of 5450-5330 acted strong;
Resistance at 5490 will have to be crossed for upside;
Outlook uncertain; Likely to trade sidewise for some time.

 

[Uncle-ji]

Monday, 13-June-2011, 12:55pm

Market back in green; On the line now; Slight positive bias;
World markets mixed; Europe opening is important;
NIFTY around 5490 now; Fluctuating between 5480-5495;
Yesterday's closing acting as resistance now;
Resistance at this level will have to be crossed for upside;
Downside if NIFTY goes down below 5450;
Market likely to move up slowly.