Market updates for Intraday

[Uncle-ji]

Wednesday, 20-June-2011, 12:40pm

Market on the line; Going Flat; Neutral bias;
Asian markets green; Europe opening expected to be green;
NIFTY still around 5610 now; Fluctuating around the line;
Support of 5600 still under test; Next support is at 5560;
First resistance is now at 5630-5640;
Earlier negative bias arrested somewhat;
Market expected to take direction any time now.

 

[Uncle-ji]

Wednesday, 20-June-2011, 2:40pm

Market deep in the red; Recovery attempt did not come;
Europe is trading in the green; Our markets sentiments down;
NIFTY took a 60-point fall since last Alert;
NIFTY around 5560 now; Moving down now to 5550 levels;
Support of 5600 and 5560 breached; Moving towards support of 5540;
First resistance now is at 5600; Next is 5630-5640;
Market expected to continue with negative bias for some more time;
And will eventually level out.

 

[Uncle-ji]

Thursday, 21-July-2011, Pre-Market 09:00am

Gap-down opening expected for our markets today;
Asian markets have opened negative; US markets closed mixed;
Dollar is down at 44.3300; WTI Crude is up at $98.14;
NIFTY support levels today are: 5540, 5495 and 5470;
NIFTY resistance levels today are: 5600, 5620 and 5640;
Results today: Hero Honda, Kotak Mahindra Bank, Sesa Goa,
Zee Entertainment, 3i infotech, Yes Bank and others;
Weekly food inflation numbers will drive the market today;
Near-term direction for our markets slight negative at this time.

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

 

[Uncle-ji]

Thursday, 21-July-2011, 09:55am

Gap-down opening; Went down to 5540 after that; Going OK now;
World markets in red; Our market outlook slight positive;
NIFTY around 5570 now; Opened above 5560; Going flat now;
Support at 5540 already effective; Resistance is at 5600;
Market likely to move up slowly in steps;
Be certain before taking position in uncertain market.

 

[Uncle-ji]

Thursday, 21-July-2011, 11:15am

Market on the line; Recovery attempt did not come;
NIFTY around 5670 now; Going flat now; Neutral bias;
Support at 5540 already effective; Resistance is at 5600;
Next support is at 5500; Further resistance is at 5620-5640;
Market likely to trade range-bound for some more time;
Over time, we are expected to move up slowly in steps.

 

[jaipuriarji]

It would have been still better, if you had given a piece of advice to a not so experienced invester/trader.Your posts are nice to read. I liked these very much.

 

[Uncle-ji]

Thursday, 21-July-2011, 12:40pm

Market in red; Going Flat; Fluctuating around the line;
Asian markets except Chine closing in the green;
Europe opening expected to be green;
NIFTY around 5560 now; Support of 5540 still in force;
Next support is at 5500; Resistance is at 5600;
Earlier slight positive bias no longer visible;
Market totally without direction now; Range-bound trade rules.

 

[Uncle-ji]

Thursday, 21-July-2011, 2:35pm

Market in the red; Recovery attempt did not come;
Europe is trading in the red; Asia also mostly red;
NIFTY around 5540 now; Moving down from 5555 levels;
Support of 5540 is being tested repeatedly;
Next support is at 5500; Resistance is at 5600;
Market expected to continue with negative bias for some more time;
And will eventually level out like yesterday.

 

[Uncle-ji]

Friday, 22-July-2011, Pre-Market 08:55am

Gap-up opening expected for our markets today;
Asian markets have opened positive; DOW closed +150plus;
Dollar is down at 44.2600; WTI Crude is up at $99.38;
NIFTY support levels today are: 5530, 5495 and 5470;
NIFTY resistance levels today are: 5600, 5620 and 5640;
Results today: Axis Bank, Union Bank, Allahabad Bank,
IB Real Estate, NIIT, Jet Airways, Praj Industries & others;
No other domestic trigger lined up for our market today;
Near-term direction for our markets still negative.

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

 

[Uncle-ji]

Friday, 22-July-2011, 10:00am

Gap-up opening; Went down after that; Going flat now;
World markets in green; Our market outlook positive;
NIFTY around 5578 now; Opened about this level; And went down;
Found local support at 5570 level; Going flat now;
More support is at 5530-5540; Resistance is at 5595-5600;
Market likely to move go sideways for sometime;
Overall positive indications all around the globe;
Be certain before taking position in uncertain market.