Market updates for Intraday

[Uncle-ji]

Monday, 04-July-2011, Pre-Market 08:50am

Gap-up opening and robust trading expected for our markets today;
Asian markets and the whole world is in the green;
Dollar is at 44.4850; BRENT Crude down to $111.53;
NIFTY support levels today are: 5600, 5570 and 5540;
NIFTY resistance levels today are: 5670, 5690 and 5720;
No domestic cues lined up for the day;
NIFTY expected to continue upward journey;
Profit-booking pullback expected at higher levels.

 

[Uncle-ji]

Monday, 04-July-2011, 09:50am

Big Gap-up opening; Steady but going flat now;
World markets good; Our market in the green;
NIFTY around 5670 now; Reached this resistance in opening;
5670 and then 5690 will have to be crossed for upside;
Support is at 5630 first; Then more support is at 5600;
Market showing side-wise and horizontal movement now;
Slight positive bias is expected.

 

[Uncle-ji]

Monday, 04-July-2011, 11:00am

Market in the green; But going down now; Negative bias;
NIFTY around 5640 now; Took a fall from 5677 at opening;
Support of 5630 is holding for now; Next support is at 5600;
Resistance is now back at 5660-5670 levels;
Market expected to have some sidewise movement now.

 

[Uncle-ji]

Monday, 04-July-2011, 12:40pm

Market has become steady; In green; Slight positive bias;
Whole world is in green; Europe opening important;
NIFTY around 5650 now; Fluctuating between 5635-5655;
Resistance of 5670 still holding strong;
No upside until 5670 is crossed with conviction;
Support is at 5630; More support is at 5600 level;
Possibility of a positive breakout emerging;
Beware of profit booking if surge comes.

 

[Uncle-ji]

Monday, 04-July-2011, 2:40pm

Market in green; Showing signs of recovery; Slight positive bias;
Whole world in green; Europe trading OK;
NIFTY around 5660 now; Going up from about 5630;
Resistance of 5670 still active; This has to be crossed;
Support is now at 5640-5630 levels; More support is at 5600;
Slight positive trend is continuing.

 

[Uncle-ji]

Tuesday, 05-July-2011, Pre-Market, 08:45am

Flat or Gap-down opening expected for our markets today;
Asian markets are mixed; US markets were closed last night;
Dollar is down at 44.3720; BRENT Crude is up at $111.77;
NIFTY support levels today are: 5630, 5600 and 5570;
NIFTY resistance levels today are: 5690, 5710 and 5730;
No domestic cues lined up for the day;
NIFTY expected to consolidate further;
Lack of buying interest resulting in insipid market.

 

[Uncle-ji]

Tuesday, 05-July-2011, 09:55am

Flat opening; Went down immediately; Steady now; Going flat;
Asia in red except Japan; Our market in the red;
NIFTY around 5635 now; Going up from support level of 5620;
Support is at 5620-5630 first; Then more support is at 5600;
For confirmed upside 5660 will have to be crossed;
Market showing side-wise and horizontal movement now.

 

[Uncle-ji]

Tuesday, 05-July-2011, 11:10am

Market in the red; But going flat now; Uncertain bias;
NIFTY around 5630 now; Support of 5620-5630 is holding good;
Next support is at 5600; Resistance is at 5640-5660;
Market expected to have some more sidewise movement;
Lack of interest continues but breakout possible in either direction.

 

[Uncle-ji]

Tuesday, 05-July-2011, 2:35pm

Market in red; Showing signs of recovery;
World markets mixed; Our market has slight positive bias;
NIFTY around 5640 now; Going up from about 5610;
Resistance of 5640-5660 still very much active;
NIFTY unable to cross this in several attempts;
Support of 5600 is now holding; 5630 has been breached once;
Market might have only sidewise movement till end of day.

 

[Uncle-ji]

Wednesday, 06-July-2011, Pre-Market 08:50am

Flat opening expected for our markets today;
Asian markets are flat; US/World markets were flat last night;
Dollar is down at 44.3400; BRENT Crude is high up at $113.61;
NIFTY support levels today are: 5600, 5570 and 5550;
NIFTY resistance levels today are: 5665, 5690 and 5710;
No domestic cues lined up for the day;
NIFTY expected to trade cautiously today;
Lack of buying interest resulting in insipid market;
Breakout possible in either direction if volumes come.