Market updates for Intraday

[Uncle-ji]

Thursday, 14-July-2011, 09:55am

Gap-down opening; Went down immediately; Going flat now;
Asian markets, except China, are trading in the red;
NIFTY around 5555 now; Opened around 5570; Went down quickly;
Found support at 5540; Attempt to recover happening now;
Slight positive bias found at this time;
First resistance is at 5570; Then 5590 will have to be crossed;
Support is at 5540-5530; Next support is at 5510-5500;
Be certain before taking position in uncertain market.

 

[Uncle-ji]

Thursday, 14-July-2011, 11:10am

Market in the red; Recovery attempt in progress;
NIFTY around 5575 now; Going up and strong now;
First resistance of 5570 crossed; Next is 5590;
Support of 5540-5530 still active; Next support is at 5510;
Market likely to hold on to upsurge.

 

[ravinder_1215]

what is upsurge???

Thursday, 14-July-2011, 11:10am

Market in the red; Recovery attempt in progress;
NIFTY around 5575 now; Going up and strong now;
First resistance of 5570 crossed; Next is 5590;
Support of 5540-5530 still active; Next support is at 5510;
Market likely to hold on to upsurge.

 

[del_66]

at what time the inflation numbers will be announced?

 

[Khushijain]

by 12.00 today i guess ....

 

[Uncle-ji]

Thursday, 14-July-2011, 12:40pm

Market just positive; Working around the line; Recovered;
Asian markets mixed; Europe opening will be important;
NIFTY around 5585 now; Fluctuation in the range of 5580-5600;
Took a try at 5600, but could not go above 5598;
Resistance of 5600 holding strong; This has to be crossed;
Local Support found at many points; Strong support is at 5540-5530;
Inflation numbers have come in - more on the higher side;
Market taking a breather on the line now;
Expected to continue upward journey and close above 5600 today.

 

[Uncle-ji]

@ravinder_1215 > Upsurge is the short form I use for 'upward surge' meaning a rally.

@del_66 > Yes, Khushi is right. Inflation numbers are normally made public around noon. The TV channels give the figures at about 12:15 and the websites have them by 12:30.

 

[sibumajumdar]

Thursday, 14-July-2011, 12:40pm

Market just positive; Working around the line; Recovered;
Asian markets mixed; Europe opening will be important;
NIFTY around 5585 now; Fluctuation in the range of 5580-5600;
Took a try at 5600, but could not go above 5598;
Resistance of 5600 holding strong; This has to be crossed;
Local Support found at many points; Strong support is at 5540-5530;
Inflation numbers have come in - more on the higher side;
Market taking a breather on the line now;
Expected to continue upward journey and close above 5600 today.

Sir,
Your real time updation is very accurate & useful for me , may be for others too. Thanks a lot for the selfless service plz....God Bless U...SLMuncle

 

[Uncle-ji]

Thursday, 14-July-2011, 2:40pm

Market in the green; Going strong with positive bias;
Europe has opened negative, but has positive bias now;
NIFTY has crossed 5650 now; Still a lot of steam left;
Resistance of 5665 is the target for closing today;
More resistance is at 5690; Then at 5700 which is very strong;
5580 will act as the first support now; More support is at 5555;
Time to be careful - do not lose profit already made.

 

[Uncle-ji]

Friday, 15-July-2011, Pre-Market 08:45am

Gap-up to flat opening expected for our markets today;
Asian markets have opened positive but are trading cautious;
US markets were red in closing with a flat outlook;
Dollar is down at 44.4000; BRENT Crude is down at $118.32;
NIFTY support levels today are: 5580, 5555 and 5540;
NIFTY resistance levels today are: 5620, 5640 and 5665;
No domestic cues lined up for the day;
TCS results yesterday after market hours were OK;
Near-term direction for our markets not clear at this time;
First few hours will give direction;
Good chance for NIFTY to go above 5650-mark today.

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