Market updates for Intraday

[msa5678]

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.

Hi Uncleji,

Looks Nifty Spot has a good support @ 5560, what do you think?

Regards

 

[Uncle-ji]

Tuesday, 12-July-2011, 11:00am

Market in the red; Going flat; Uncertain bias;
No Suggest given profit in LONG since last Alert;
NIFTY around 5565 now; Going absolutely flat now;
Lower-than-expected Infosys results did not help;
Support of 5550 still active; Next support is at 5510;
5600 will have to be crossed for upside; Target is 5645;
Market again at "Wait & Watch" mode now; Can swing both ways;
Sidewise movement likely for some time.

 

[Uncle-ji]

msa5678> NIFTY support of 5550-5560 is under test now. It did hold for quite some time today, and will hold on for some more time. Market can swing both ways...

 

[Uncle-ji]

Tuesday, 12-July-2011, 12:35pm

Market still deep in the red; Going flat; Uncertain bias;
Whole world is in the red; Europe expected to open red;
NIFTY around 5555 now; Fluctuation in the range of 5545-5580;
Took a try at upsurge, but could not go above 5580;
Local support of 5550 holding strong; More support is at 5510;
5600 will have to be crossed for upside; Target is 5645;
Market was expected to continue sidewise journey;
Looks like more downside is possible later.

 

[Uncle-ji]

Tuesday, 12-July-2011, 2:30pm

Market still deep in the red; NIFTY went down to 5500-level;
Bad IIP numbers did not help; Profit booking & choppiness continues;
Whole world is in the red; No respite in sight around the world;
NIFTY around 5515 now; Found support at 5500-level;
Resistance of 5530 will have to be crossed for more upside;
Market likely to consolidate and continue at these levels till day-end;
Wait and see what happens before taking position.

 

[Uncle-ji]

Wednesday, 13-July-2011, Pre-Market 08:50am

Small gap-up to flat opening expected for our markets today;
Asian markets have opened gap-up but are trading cautious;
US markets were bad in closing with fresh fears for Ireland;
Dollar is up at 44.5300; BRENT Crude is up at $117.75;
NIFTY support levels today are: 5470, 5450 and 5435;
NIFTY resistance levels today are: 5550, 5580 and 5600;
NIFTY expected to trade uncertain today; No domestic cues;
More downside is predicted in the overall picture;
A small rally may open path to profit booking later in the day.

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

 

[Uncle-ji]

Wednesday, 13-July-2011, 09:55am

Big gap-up opening; Went up immediately; Going flat now;
Asian markets OK; Europe & US closed in red last night;
NIFTY around 5570 now; Opened at 5550; Went up from there;
Slight positive bias found at this time; Upsurge should hold;
Support is at 5540-5530; Next support is at 5510-5500;
First resistance is already operative at 5580 levels;
Target after that is 5600; there is major resistance here;
Be careful in an uncertain market.

 

[Uncle-ji]

Wednesday, 13-July-2011, 1:40pm

Market in the green; Going flat; Fluctuating in a range;
Whole world is in the green; Europe is mostly in green;
NIFTY around 5570 now; Fluctuation in the range of 5555-5585;
Took a try at upsurge, but could not go above 5585;
Resistance of 5580 holding strong; More resistance is at 5600;
Support of 5555 found locally; Still active and likely to hold;
Market expected to remain flat and sidewise;
Looks like some upside is still possible.

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Sorry, could not post earlier updates due to system problems.

 

[Uncle-ji]

Wednesday, 13-July-2011, 2:40pm

Market in the green; But going flat and choppy now;
Profit booking bouts continuing throughout the day;
World markets mostly in the green but trading flat;
NIFTY around 5565 now; Still in the range of 5555-5585;
Resistance of 5580 holding strong; Support of 5555 also holding strong;
More resistance is at 5600; More support is at 5540;
A surprise swing in either direction is in the offing;
Wait and see what happens before taking position.

 

[Uncle-ji]

Thursday, 14-July-2011, Pre-Market 08:50am

Gap-down to flat opening expected for our markets today;
Asian markets have opened mixed and are trading cautious;
US markets were green in closing but with downward trend due to
Moody’s warning that it would downgrade US credit rating of 'triple-A';
Dollar is down at 44.4300; BRENT Crude is up at $118.75;
NIFTY support levels today are: 5555, 5540 and 5510;
NIFTY resistance levels today are: 5605, 5625 and 5650;
Headline inflation numbers for June will be out today;
Weekly food inflation data will also be released today;
NIFTY expected to trade uncertain and circumspect;
Near-term direction for our markets not clear at this time;
Mumbai blast to weigh heavy on the market;
However, good chance for NIFTY to cross 5600-mark today.

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