Market updates for Intraday

[Uncle-ji]

Friday, 15-July-2011, 10:00am

Gap-up opening; Went up immediately; Going down now;
Asian markets mixed; Our market outlook uncertain;
NIFTY around 5590 now; Opened at 5610, went upto 5630;
Support is at 5600 and 5580 levels; These are under test now;
Market totally uncertain; Resistance on paper is at 5640;
Wait and see how market shapes up before taking position;
Be certain before taking position in uncertain market.

 

[Uncle-ji]

Friday, 15-July-2011, 11:05am

Market in the red; Recovery attempt in progress;
No Suggest given profit in LONG since last Alert;
NIFTY around 5580 now; Going flat and nowhere now;
Support of 5600 has been breached; Found support at 5565;
First resistance is at 5620; Next is around 5640;
Market likely to trade sideways for some time before going up.

 

[Uncle-ji]

Herohonda has seen long unwinding yesterday.... what call should the trader take on it? Plz suggest.

HEROHONDA was very flat yesterday and today it is following exactly the same pattern as the NIFTY. So you can follow it in-toto if you want. But then, why HEROHONDA? We, intraday traders, should not encourage attachment to any scrip. There are many others which can give you much higher return on investment - from the intraday trader's point of view.

 

[Uncle-ji]

Friday, 15-July-2011, 12:40pm

Market still in red; Going absolutely Flat; Neutral bias;
Asian markets mixed; Europe opening will be important;
NIFTY around 5580 now; Fluctuation in the range of 5565-5590;
Now still in Support area of 5580; Found support also at 5565;
First resistance is at 5620; Next is around 5640;
Market taking a breather with sidewise movement now;
Expected to continue upward journey and close above 5600 today.

 

[Uncle-ji]

Friday, 15-July-2011, 2:40pm

Market in the red; Recovery attempt was very weak; Did not hold;
Europe has opened negative, but has come off the lows of the day;
NIFTY around 5580 now; Moving up and down between 5565-5595;
Still in Support area of 5580; Found support also at 5565;
First resistance now is at 5600; Next is 5620 and 5640;
Market expected to continue sidewise movement in last hour;
However, a slight positive bias is noticed in last few minutes.

 

[gsam]

missing Uncle-Ji today. Sir, please post updates today.

 

[Uncle-ji]

Wednesday, 20-June-2011, Pre-Market 09:00am

Gap-up opening expected for our markets today;
Asian markets have opened positive;
US markets were green in closing with a upward bias;
Dollar is up at 44.4900; WTI Crude is up at $95.10;
NIFTY support levels today are: 5540, 5490 and 5470;
NIFTY resistance levels today are: 5620, 5670 and 5700;
WIPRO Q1 results have come in as expected - nothing great;
No other domestic cues lined up for the day;
Near-term direction for our markets slight positive at this time;
Good chance for NIFTY to maintain upward surge today.

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

 

[IrfanBasheer]

Uncle-Ji, Just want to say thanks for your crisp posts. They are Super Impressive to say the least.

 

[Uncle-ji]

Wednesday, 20-June-2011, 10:00am

Gap-up opening; Fluctuating after that; Going flat now;
Whole world is in green; Our market outlook uncertain;
NIFTY around 5630 now; Opened above 5640; Going flat now;
Support is at 5600 and 5540 levels; Resistance is at 5670;
Wait and see how market shapes up before taking position;
Be certain before taking position in uncertain market.

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Dates are wrong in all posts today: should read 'July' instead of 'June'

 

[Uncle-ji]

Wednesday, 20-June-2011, 11:15am

Market on the line; Recovery attempt did not come;
NIFTY around 5610 now; Going down now; Negative bias;
Support of 5600 is under test now; Next support is at 5560;
First resistance is now at 5630-5640;
Market likely to trade with negative bias for some time;
But likely to remain above the 5600-mark today.