Market updates for Intraday

[Uncle-ji]

Friday, 17-June-2011, 2:40pm

Market in the red; Negative bias; Going down
Asia closed in the red; Europe opened red and trading flat;
NIFTY around 5360 now; Support of 5370 has given way;
NIFTY approaching next support of 5350; This should hold;
If not, we go straight down to 5230;
5380-5390 and then 5420-5440 will have to be surpassed for upside;
Upside not expected now in the last hour; Market sentiments low;
Do not take unnecessary risk if already in profit.

 

[Uncle-ji]

Monday, 20-June-2011, Pre-Market 8:40am

Flat to gap-up opening expected for our markets today;
Asian markets mixed; US also closed mixed last week;
Dollar down by 0.23p; BRENT Crude unchanged from last night;
NIFTY support levels today are: 5350, 5330 and 5250;
NIFTY resistance levels today are: 5410, 5440 and 5470;
Greece debt crisis linger on in the international scene;
No local triggers lined up for today.

 

[Uncle-ji]

Monday, 20-June-2011, 10:00am

Gap-up opening; Went down immediately; Going flat now;
Asian markets mixed; Our market in the red now;
NIFTY around 5340 now; Started above 5375 and went down immediately;
Support of 5330 holding now; No major support below this till 5250;
For upside 5380 will have to be surpassed;
Market uncertain with negative bias now.

 

[avad]

a strong support at 5250, i presume?
?
though it looks like that support will break today?

 

[Uncle-ji]

Monday, 20-June-2011, 11:20am

Market deep in the red; NIFTY took a solid 160-point tumble;
Tax Treaty talks between Mauritius and India said to be responsible;
All supports broken; But our markets recovering now;
NIFTY Touched 5195; Now around 5310; Sentiments low;
Today not a day to trade intraday in LONG; Best to wait and watch;
Wait till market upsurge sustains, or stay away.

 

[Uncle-ji]

avad> Look at what happened! All calculations went haywire. One bit of news and people panicked. Without even considering what it actually means. Now that realisation has come and we see a pullback. But 5250-5260 did act as a support on the way up from below 5200. Now it looks like this support will hold for some time and we will make-up.

 

[Uncle-ji]

Monday, 20-June-2011, 12:45pm

NIFTY did make up a bit, but has got stuck again;
Market still in the red; Going flat; Neutral bias;
NIFTY around 5280 now; Support of 5250-5230 now holding;
Small upsides to makeup till 5400 always possible;
5420-5440 will have to be surpassed for confirmed upside;
Market sentiments still low; Upsurge looks remote now;
Market expected to remain range-bound for some time.

 

[avad]

yeah you are right. the way markets were going at first i thought that it would be at 5177 before a good support will be formed.

do you use technical or fundamental analysis for trading?
hope you do not mind asking.

 

[Uncle-ji]

Monday, 20-June-2011, 2:40pm

Market in the red; Uncertain bias; Going flat;
Asia closed mixed; Europe trading in the red now;
NIFTY around 5260 now; Seems that support of 5250 is holding;
Next support for NIFTY is at 5230 and 5200;
5320-5340 will have to be surpassed for upside;
Not much upside expected now in the last hour;
Do not take unnecessary risk if already in profit.

 

[Uncle-ji]

Tuesday, 21-June-2011, Pre-Market 08:45am

Flat to gap-up opening expected for our markets today;
Asian markets mostly in the green; US also closed green last night;
Dollar down by 0.22p; BRENT Crude down by $5.5+ since last night;
NIFTY support levels today are: 5220, 5200 and 5185;
NIFTY resistance levels today are: 5330, 5410 and 5440;
Yesterday's sellout mainly from the retail sector;
Small but smart pullback expected anytime today;
No local triggers lined up for today.