Market updates for Intraday

[Uncle-ji]

Wednesday, 20-Apr-2011, 12:30pm

Market still in green; Consolidating and trading sidewise;
Asian markets closing green; Await Europe opening;
Our market operating in a tight range now;
NIFTY is now around 5800; Upside will be certain after 5820;
Good chances of a breakout;
Careful -- breakout can be in any direction;
Better to stay away for LONG till market turns up.

 

[Uncle-ji]

Wednesday, 20-Apr-2011, 2:30pm

Markets in green; Positive bias; Expected break-out happening;
Asia closed in green; Europe opened strongly positive;
NIFTY now at around resistance level of 5830-5840;
Next resistance is at 5880; Surge in our markets should hold;
Do not take unnecessary risk; Stay Away if already in profit.

 

[Uncle-ji]

Wednesday, 20-Apr-2011, After Market Hours

Today's market panned out exactly as predicted before market opened today;
Positive start; Flat trading; Then small profit booking pull downwards;
NIFTY found support at 5760; And then went straight up;
Resistance of 5830 was crossed to close at about 5850;
Next NIFTY resistance is at 5880;
Today's market was helped along by good global cues, positive monsoon forecasts and successful ISRO launch;
Robust and positive trading expected tomorrow also;
Profit booking correction cannot be ruled out at higher levels.

More on tomorrow's likely trade-pattern will be in Pre-Market notes of 21st at about 8:45am

 

[Uncle-ji]

Thursday, 21-Apr-2011, Pre-Market 8:40am

Gap-up opening predicted for our market today also;
World markets all in green; Dollar prices further down; Crude oil up;
NIFTY support levels today are: 5800 and 5780;
NIFTY has resistance today at these levels: 5900 and 5950;
'Normal' to 'Good' monsoons have been predicted for India this year;
Weekly food inflation data will be released around noon;
Q4 Results today: Hindustan Zinc, Jindal Steel, RIL, TCS and others;
Robust and positive trading expected today also;
Profit booking correction cannot be ruled out at higher levels.

 

[Uncle-ji]

Thursday, 21-Apr-2011, 10am

Gap-up opening as predicted; Trading now in positive zone;
All major world markets in the green;
NIFTY now around 5875; Slight negative bias;
Upward movement will be confirmed after NIFTY crosses 5900;
Sidewise movement to continue now; Breakout expected around noon;
Our markets should rally.

 

[Uncle-ji]

Thursday, 21-Apr-2011, 12:30pm

Market still in green; Going Flat; Neutral bias;
Breakout came around 11am, but did not hold;
Asian markets closing green; Await Europe opening;
Good chances of another breakout;
NIFTY found resistance at around 5910; And Support at around 5865;
NIFTY now around 5890; Can touch 5950 before the end of the day.

 

[Uncle-ji]

Thursday, 21-Apr-2011, After Market Hours

Today also, our market went along exactly as we had predicted;
Positive start; Flat trading; Then a surge upwards that did not hold;
NIFTY found resistance at 5920 and support at 5860 today;
NIFTY closed at yesterday's resistance of about 5880;
The index kept fluctuating and this was good for the intraday trader;
After a smart rise, our market was brought down by bad inflation numbers;
Then a little respite came because of good TCS Q4 results;
Monday we can expect the overdue Profit booking correction;
The bearish Doji Star today seems to be suggesting just this.

More on Monday's likely trade-pattern will be in Pre-Market notes of 25th at about 8:45am

 

[Shouvik Mitra]

Dear All, Please Help Me,

Without Purchase I sold uco bank Share. So What To Do?
In My Ledger It Shown As Delivery -100.

Please some body Help Me.

 

[manoharpillai]

Dear All, Please Help Me,

Without Purchase I sold uco bank Share. So What To Do?
In My Ledger It Shown As Delivery -100.

Please some body Help Me.

If you sold without having stock on your account you should have squared off your position ( bought it back) failed to do so your sold quantity of stock will go for auction and that amount will be debited on your account. Please ever do this here ofter.

 

[Uncle-ji]

Monday, 25-Apr-2011, Pre-Market 8:45am

Flat opening predicted for our market today;
World markets mixed; Dollar prices holding; Crude slightly up;
Easter holidays continuing around the world;
NIFTY support levels today are: 5840 and 5825;
NIFTY has resistance today at these levels: 5900 and 5925;
Point to look out for the NIFTY today: 5875;
Q4 Results today: INDIABULLS, MARUTI, SESAGOA, STER and others;
Choppiness expected due to expiry this week and mixed global cues.