Market updates for Intraday

[Uncle-ji]

Friday, 08-July-2011, 11:10am

Market in the red; Going flat; Uncertain bias;
NIFTY around 5705 now; Going down with slight negative bias;
Support of 5700 now under test; Next support is at 5660;
5730 will have to be crossed first for upside;
Target is 5750-5770; Market taking a breather now;
More decline looks possible before upward journey.

 

[Uncle-ji]

Friday, 08-July-2011, 12:40pm

Market still in the red; Going flat now; Profit booking continues;
World markets in green; Europe expected to open green;
Our market recovering from day's low; But uncertain bias now;
NIFTY around 5710 now; Finding it difficult to cross 5720;
Support of 5680-5690 proved strong; Next support is at 5660;
5720-5730 will have to be crossed first for upside;
Target is 5750-5770; Market taking a breather now;
Market expected to continue upward journey after pause;
Time to be careful of not losing profits already made.

 

[Uncle-ji]

Friday, 08-July-2011, 2:40pm

Market still in the red; Gave some recovery; Did not hold;
Profit booking choppiness continues in our market;
Whole world, except India, is in the green;
NIFTY around 5700 now; Went up from 5960 to about 5728;
Resistance of 5730 and then 5750 will have to be crossed for upside;
Support of 5690-5680 under test now;
Difficult for market to break through in last hour;
Range bound trading likely to end this week.

 

[Uncle-ji]

Monday, 11-July-2011, Pre-Market 08:45am

Gap-down opening expected for our markets today;
Asian markets have opened big gap-down but are making up somewhat;
US/European markets were bad with declining US jobs data Friday;
Dollar is up at 44.2900; BRENT Crude has held at $118.20;
NIFTY support levels today are: 5600, 5570 and 5510;
NIFTY resistance levels today are: 5700, 5725 and 5790;
NIFTY expected to trade quiet and cautious in the start today;
Possibility of a smart rally later in the day.

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Daily updates just after: 8:45am, 10am, 11am, 12:30pm and 2:30pm

 

[Uncle-ji]

Monday, 11-July-2011, 10:00am

Gap-down opening; Going flat now;
World markets bad; Our market in the red;
NIFTY around 5630 now; Fluctuation now in the range of 5625-5640;
Slight positive bias found at this time; But market can swing both ways;
Support is at 5600; Next support is at 5590;
Confirmed upside after 5700; Better to "Wait & Watch" now.

 

[Uncle-ji]

Monday, 11-July-2011, 11:10am

Market in the red; Going flat; Uncertain bias;
NIFTY around 5640 now; Going up with slight positive bias;
Support of 5600 going strong; Local support has been found at 5625;
5670 will have to be crossed for upside; Target is 5700;
Market still at "Wait & Watch" mode now; Can swing both ways;
Sidewise movement likely for some time before upward journey.

 

[Uncle-ji]

Monday, 11-July-2011, 12:40pm

Market still in the red; Going flat now; Uncertain bias;
World markets in red; Europe expected to open red;
NIFTY around 5620 now; Fluctuation in the range of 5625-5650;
Finding it difficult to get out of this range;
Local support of 5620-25 under test now; More support is at 5600;
5670 will have to be crossed for upside; Target is 5700;
Market was expected to continue upward journey after pause;
Looks like more downside is possible now.

 

[Uncle-ji]

Monday, 11-July-2011, 2:34pm

Market still in the red; No recovery in sight;
Profit booking choppiness continues in our market;
NIFTY around 5625 now; Went down to 5610; Found support there;
Market making an attempt to break through now;
Resistance of 5645 and then 5670 will have to be crossed for upside;
Wait and see what happens before taking position.

 

[Uncle-ji]

Tuesday, 12-July-2011, Pre-Market 08:50am

Big gap-down opening expected for our markets today;
Asian markets have opened big gap-down and are trading bad;
US/European markets were bad with new US and European debt fears;
Dollar is up at 44.4800; BRENT Crude is down at $117.24;
NIFTY support levels today are: 5580, 5530 and 5510;
NIFTY resistance levels today are: 5645, 5670 and 5700;
NIFTY expected to start trade quiet and cautious today;
INFOSYS Q1 results expected today;
IIP numbers for May to be announced today;
Union Cabinet reshuffle after market hours today;
Gloom is predicted, but we expect a smart rally later in the day.

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Daily updates just after: 8:45am, 10am, 11am, 12:30pm and 2:30pm

 

[Uncle-ji]

Tuesday, 12-July-2011, 10:00am

Big gap-down opening; Going OK now;
World markets bad; Our market in the red;
NIFTY around 5570 now; Opened at 5535; Recovering from there;
Slight positive bias found at this time; Recovery should hold;
Support is at 5550; Next support is at 5510;
First resistance is expected at 5600 levels;
Target after that is 5645. Be careful in an uncertain market.