Market updates for Intraday

[Uncle-ji]

Monday, 13-June-2011, 2:35pm

Market on the line; Going flat; Neutral bias;
NIFTY around 5480 now; Fluctuating still between 5480-5495;
Cannot get out of yesterday's closing now;
5520 will have to be crossed for more upside;
Downside if NIFTY breaches 5460-5445;
Market uncertain, can move both ways from here;
Do not take unnecessary risk if already in profit.

 

[Uncle-ji]

Tuesday, 14-June-2011, Pre-Market 08:40am

Small Gap-down opening expected for our markets today;
Asian markets in the green; World markets mostly green;
Dollar down by 0.13p; BRENT Crude down by $0.8+;
NIFTY support levels today remain unchanged: 5470, 5450 and 5430;
NIFTY resistance levels today are also: 5520, 5550 and 5600;
Inflation data for May scheduled for noon release;
RBI likely to hike interest rates by 25bp on the 16th;
Market likely to start slow and pick up speed later in the day.

 

[Uncle-ji]

Tuesday, 14-June-2011, 10:00am

Gap-up opening; Going OK now; Slight positive bias;
NIFTY below 5515 now; Started the day at 5485 and went up;
Resistance level of 5520 holding now; Next resistance is at 5550;
Support now is at 5480 levels; Next support is at 5450;
Resistance at 5550 will have to be crossed for confirmed upsurge;
Market sentiments uncertain; flat trading predicted for some time.

 

[Uncle-ji]

Tuesday, 14-June-2011, 11:10am

Market in the green; But going flat now; Uncertain bias;
World markets mostly in the green;
NIFTY still around 5515 now; Resistance of 5520 still holding;
This and resistance at 5550 will have to be crossed for upside;
Support is at 5480-5470; Next support is at 5450;
Market uncertain; Likely to trade sidewise for some more time.

 

[Uncle-ji]

Tuesday, 14-June-2011, 12:35pm

Market holding on to green; Nearing the line now;
Uncertain bias; World markets OK; See Europe opening;
NIFTY around 5505 now; Found support at 5490-5495;
Resistance at 5515-5520 will have to be crossed for upside;
More downside if NIFTY now goes down below 5480;
Market likely to move up slowly.

 

[Uncle-ji]

Tuesday, 14-June-2011, 2:35pm

Market just above the line; Going flat; Uncertain bias;
NIFTY went down, not up; Found support at yesterday's closing;
NIFTY around 5495 now; Support of 5490-5495 still holding;
More downside if NIFTY breaches 5480-5470;
5520 will have to be crossed for confirmed upside;
Market uncertain, can move both ways from here;
Do not take unnecessary risk if already in profit.

 

[Uncle-ji]

Wednesday, 15-June-2011, Pre-Market 08:45am

Flat or small gap-up opening expected for our markets today;
Asian markets mixed; World markets mostly in the green;
Dollar down by 0.13p; BRENT Crude down by $0.8+;
NIFTY support levels today are: 5480, 5465 and 5430;
NIFTY resistance levels today are: 5520, 5535 and 5550;
No domestic cues lined up for today;
Market outlook uncertain till RBI policy statement tomorrow.

 

[Uncle-ji]

Wednesday, 15-June-2011, 9:55am

Gap-down opening; Went down immediately; Going flat now;
Asian markets mixed; World markets OK;
NIFTY above 5485 now; Started below the line and went down;
Support level of 5475-5480 holding now; Next support is at 5465;
Resistance now is at 5505 levels; Next resistance is at 5520-5535;
Market sentiments uncertain; flat trading predicted for some time.

 

[Uncle-ji]

Wednesday, 15-June-2011, 12:45pm

Market deep in the red; Going down deeper; Sentiments bad;
Negative bias; World markets falling; Europe opening bad;
NIFTY around 5470 now; Found support at 5465 level;
Next support is at 5430-levels; Recovery looks unlikely;
Upside only if 5495-5505 range is crossed confidently;
More downside if 5465 is breached.

 

[Uncle-ji]

Wednesday, 15-June-2011, 2:45pm

Market deep in the red; Going down; Negative bias;
NIFTY around 5445 now; Support of 5465 has been breached;
Next support 5430; Market likely to consolidate from that level;
Heavy downside if NIFTY breaches 5430;
Upside only if 5495-5505 range is crossed confidently;
Do not take unnecessary risk if already in profit.