Market updates for Intraday

[Uncle-ji]

Tuesday, 28-June-2011, Pre-Market 08:40am

Slight Gap-up or Flat opening expected for our markets today;
Asian markets are OK today morning; US closed strong last night;
Dollar down to 44.84; BRENT Crude up to $105.99;
NIFTY support levels today are: 5490, 5450 and 5400;
NIFTY resistance levels today are: 5550, 5570 and 5600;
No local triggers lined up during the day;
This is F&O Expiry week; Volatility expected
NIFTY expected to continue upward journey with pause.

 

[Uncle-ji]

Tuesday, 28-June-2011, 11:10am

Market negative; In the red; Going down now;
Bias is negative; Asian markets mixed;
NIFTY around 5500 now; Support at 5490 holding for now;
More downside if 5480 is breached; Next support is at 5450;
5530 will now have to be crossed for upside;
Downward to sidewise movement likely for next one hour;
Market expected to recover later in the day.

 

[Uncle-ji]

Tuesday, 28-June-2011, 12:40pm

Market fluctuating around the line; Going flat; Neutral bias;
World markets mixed; Our market sentiments now low;
NIFTY around 5525 now; Fluctuating around yesterday's closing;
Resistance at 5550 and support of 5490 holding now;
NIFTY has made up about 30-points since after 11am;
Upward to sidewise movement likely for some more time;
Positive breakout expected in last phase.

 

[Uncle-ji]

Tuesday, 28-June-2011, 2:50pm

Market in the green; Uncertain bias; Going Range bound;
Almost all world markets in green; Europe also trading good;
NIFTY still around 5530 now; Fluctuating around last closing;
Resistance at 5550 and support of 5490 holding now;
Market likely to remain quiet in last hour;
However, positive breakout cannot be ruled out;
Stay away if already in profit.

 

[Uncle-ji]

Wednesday, 29-June-2011, Pre-Market 08:45am

Gap-up opening expected for our markets today;
Asian markets, except China, have opened big gap-up;
US closed on big high because of Greece optimism;
Dollar holding at 44.84; BRENT Crude up to $108.78;
NIFTY support levels today are: 5520, 5495 and 5480;
NIFTY resistance levels today are: 5570, 5600 and 5630;
Lack of domestic triggers may hinder growth;
This is F&O Expiry week; Volatility expected;
NIFTY expected to continue upward journey today;
Profit booking likely to set in at higher levels.

 

[Uncle-ji]

Wednesday, 29-June-2011, 10:00am

Big gap-up opening; Going strong now; Bias is neutral, however;
World markets good; Our market sentiments not clear;
NIFTY around 5580 now; Fluctuating around this level;
Strong resistance at 5570 has been crossed on opening;
Resistance of 5600 has stopped advance;
This needs to be crossed for more upside;
Support is at 5570; More support is at 5520-5530 level;
Market direction not clear at the moment;
Slight positive bias is definitely emerging.

 

[Uncle-ji]

Wednesday, 29-June-2011, 11:05am

Market in the green; Going flat now;
Bias is uncertain; Asian markets OK;
NIFTY around 5596 now; Going flat around 5575-5600;
Resistance of 5600 is under test;
This will have to be crossed for more upside;
Support is at 5570; More support is at 5520-5530 level;
Slight positive bias is consolidating;
Market expected to break free anytime now.

 

[Uncle-ji]

Wednesday, 29-June-2011, 12:40pm

Market deep in green; But Going flat; Neutral bias;
World markets good; Our market sentiments still not clear;
NIFTY around 5590 now; Fluctuating between 5580-5600;
Resistance at 5600 proving to be very strong;
Support is at 5570; More support is at 5520-5530 level;
Lack of conviction in market hindering progress;
Chances of expected breakout decreasing as time goes.

 

[Uncle-ji]

Wednesday, 29-June-2011, 2:40pm

Market in the green; Flat bias; Going Range bound;
Almost all world markets in green; Europe also trading good;
NIFTY still testing resistance of 5600 now; Cannot overcome it;
Support is at 5570; More support is at 5520-5530 level;
Market likely to remain quiet in last hour;
Chances low for a positive breakout;
Stay away if already in profit.

 

[enkaysharma]

Uncleji,
U r the the most trusatble person in this froum.