Market updates for Intraday

[Uncle-ji]

Thursday, 28-July-2011, 10:00am

Gap-down opening for the NIFTY; Going flat now;
World markets in the red; Our market direction-less as of now;
NIFTY around 5500 now; Opened with huge gap down at this level;
Going absolutely flat now around the 5500 mark;
First support of 5520 breached on opening;
Next support is at 5490 level; This is under test now;
Below this, support is at 5470; First resistance is at 5570;
Choppy and flat trade likely to continue now;
Overall sentiments are negative; Be careful in uncertain market...

 

[Uncle-ji]

Thursday, 28-July-2011, 11:50am

Market in the red; Fluctuating below the line;
NIFTY around 5480 now; Going flat between 5470-5500;
Support of 5490 level still under test; More support is at 5470;
Resistance is at 5570; More resistance is at 5600;
Choppy trade likely to continue for some more time;
Market sentiments still negative; Careful...

 

[Uncle-ji]

Thursday, 28-July-2011, 12:40pm

Market still deep in the red; Going flat;
NIFTY around 5490 now; Going flat between 5470-5500;
Support of 5490 level still under test; Holding for some time now;
More support is at 5470; Resistance is still at 5570;
Side-wise trade likely to continue for some more time;
Market sentiments continue to be down...
Chances of upward recovery cannot be ruled out.

 

[Uncle-ji]

Thursday, 28-July-2011, 2:50pm

Market still in the red; Slow recovery attempt fizzling out;
Europe trading negative; Asia in the red;
NIFTY around 5500 now; Came up from the day's low of 5475;
Support of 5495 was broken early in the morning; 5470 still holding;
Next support is at 5450; NIFTY touched a high of 5510 some time back;
Found resistance at that level; Next Resistance is at 5540;
Market likely to continue choppy till the end of the day;
Slight positive bias still visible.

 

[Uncle-ji]

Friday, 29-July-2011, Pre-Market 09:00am

Gap-down opening expected for our markets today also;
Asian markets are trading down; DOW has closed negative;
Dollar is up at 44.0750; WTI Crude is back to $97.09;
NIFTY support levels today are: 5450, 5430 and 5400;
NIFTY resistance levels today are: 5510, 5540 and 5575;
Results today: INDIAINFO, SUZLON, IDEA, SAIL, TVSMOTOR, VOLTAS & others;
Cautious and low volume trading expected from our markets today;
Near-term direction for our markets: uncertain; Today also:
'Wait & Watch' which way the market turns before taking position.

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

 

[Uncle-ji]

Friday, 29-July-2011, 10:00am

Gap-down opening for the NIFTY; Going up and strong now;
Asian markets in the red; Our market showing strong positive signs;
NIFTY around 5515 now; Opened at 5470; Went down to 5450;
Then took a 60-point jump to reach resistance of 5510;
Next resistance is at 5540 and then 5575;
Support of 5450 level has held; Local support is at 5500;
Market likely to continue upward journey with breaks;
Overall sentiments are mixed; Careful...

 

[Uncle-ji]

Friday, 29-July-2011, 11:15am

Market in the red; Fluctuating below the line;
NIFTY around 5480 now; Came down from a high of 5520;
Support of 5450-level still under test; More support is at 5430;
Resistance now is at 5510-5520; More resistance is at 5540;
Choppy trade likely to continue for some more time;
Market sentiments more negative than positive; Careful...

 

[Uncle-ji]

Friday, 29-July-2011, 12:35pm

Market still in the red; Going flat just below the line;
NIFTY around 5480 now; Going flat between 5460-5490;
Support of 5450 level still going strong; Holding for some time now;
More support is at 5430; Resistance is still at 5510-5520;
Side-wise trade likely to continue for some more time;
Chances of upward recovery cannot be ruled out.

 

[Uncle-ji]

Friday, 29-July-2011, 2:50pm

Market back in the green; Recovery attempt not holding;
Europe trading negative; Asia mostly in the red;
NIFTY around 5500 now; Came up from the low of 5470;
Support of 5450 still holding; Next support is at 5430;
NIFTY touched a high of 5520; Resistance at that level also holding;
Next Resistance is at 5540; Slight positive bias exists;
Market likely to continue upward movement with stops.

 

[Uncle-ji]

Monday, 01-Aug-2011, 09:10am

Gap-up strong opening expected for our markets today also;
Asian markets are trading good; DOW has closed with positive bias;
Dollar is up at 43.9900; WTI Crude is down to $95.86;
NIFTY support levels today are: 5450, 5430 and 5400;
NIFTY resistance levels today are: 5520, 5550 and 5570;
Results today: Pfizer, Triveni, Sun TV, Havells India & others;
Cautious but good trading expected from our markets today;
Near-term direction for our markets: uncertain; But with positive bias;
Wait for market to stabilise before taking position.

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