Market updates for Intraday

[Uncle-ji]

Friday, 24-June-2011, 10:00am

Gap-up opening; Going good now; World markets good;
NIFTY around 5390 now; Started around 5350 and went up;
Strong resistance at 5380-5390 is under test; 5400 is next target;
Support is at 5320; More support is at 5270;
Sidewise movement with positive bias likely for sometime.

 

[avad]

will the market be down in the later half of day?

 

[Uncle-ji]

Friday, 24-June-2011, 11:10am

Market positive; In the Green; Going flat now;
Bias is still positive; Asian markets good;
NIFTY around 5380 now; Resistance at 5380-5390 still holding;
Fluctuating within narrow range now;
5390 will have to be crossed for more upside;
Downside if 5320 is breached; Market sentiments up;
Upward to sidewise movement likely for some more time.

 

[Uncle-ji]

Friday, 24-June-2011, 12:40pm

Market in the green; Going flat now; Bias still positive;
World markets OK; Our market sentiments high;
NIFTY around 5415 now; Resistances of 5380 and 5400 surpassed;
Next targets are 5440 and 5470; Downside below 5380 now;
Sidewise movement with upward bias likely to continue.

 

[Uncle-ji]

avad> We had thought in the morning that profit booking might set in at higher levels late in the day which might bring the market down. That is still possible, as things stand now.

 

[avad]

Thanks, Uncleji.

Made some sweet profits today.

 

[Uncle-ji]

Monday, 27-June-2011, 10:00am

Gap-down opening; Went up immediately; Going OK now;
World markets mixed; Our market sentiments high;
NIFTY around 5520 now; Started around 5440 and went up;
Strong resistance at 5520-5525 is under test; 5570 is next target;
Support is at 5480; Down side only below this level;
Positive bias likely to continue for now.

 

[Uncle-ji]

Monday, 27-June-2011, 11:10am

Market positive; In the Green; Going flat now;
Bias is still positive; Asian markets mixed;
NIFTY around 5530 now; Resistance at 5520-5530 still holding;
Fluctuating within narrow range now;
5570 will have to be crossed for confirmed upside;
Downside if 5480 is breached; Market sentiments up;
Upward to sidewise movement likely for some more time.

 

[Uncle-ji]

Monday, 27-June-2011, 12:40pm

Market in the green; Still going flat; Bias still positive;
World markets mixed; Our market sentiments still high;
NIFTY still around 5530 now; Resistance at 5520-5530 still holding;
Fluctuating within narrow range from after 11am;
5570 will have to be crossed for confirmed upside;
Downside if 5480 is breached; Market sentiments up;
Upward to sidewise movement likely for some more time;
Positive breakout expected in last quarter.

 

[Uncle-ji]

Monday, 27-June-2011, 2:40pm

Market in the green; Uncertain bias; Going Range bound;
Asia closed mixed; Europe also trading mixed;
NIFTY back around 5530 now; Crossed 5550 since last Alert;
Resistance has now shifted to 5550;
Fluctuating within 5520-5550 range since 11am today;
5570 will have to be crossed for confirmed upside;
Downside if 5480 is breached; Market sentiments up;
Upward to sidewise movement likely for some more time;
Positive breakout now look unlikely in last hour.