Market updates for Intraday

[Uncle-ji]

Monday, 01-Aug-2011, 10:00am

Big Gap-up opening for the NIFTY; Going flat now;
Asian markets in the green; Our market showing low motivation;
NIFTY around 5530 now; Opened around this level;
Now testing the strong resistance of 5550;
This will have to be crossed for more upside;
Market not very convincing in the upmove right now;
Next resistance is at 5570-5575;
Support is at 5470-5450 levels; Local support can come at 5500;
Market likely to continue with sidewise movement;
Opening gains may be lost if strength does
not return in the next half hour;
Overall sentiments are mixed; Careful...

 

[amanfree]

thanks for commentry

 

[Uncle-ji]

Monday, 01-Aug-2011, 11:45am

Market in the green; Fluctuating in a narrow range;
NIFTY around 5530 now; Came down from a high of 5550;
Initial resistance of 5520 acting as support now;
More support is at 5500 and 5470-5450 levels;
Resistance now is at 5550; More resistance is at 5570-5575;
Range-bound trade likely to continue for some more time;
Market sentiments still uncertain...

 

[Uncle-ji]

Monday, 01-Aug-2011, 1:10pm

Market still in the green; Going down;
Slowly but steadily losing the earnings of the day;
NIFTY around 5500 now; Going down from a high of 5550;
Support of 5520 breached; Next support of 5500 under threat now;
More support is at 5470-5450 levels; Resistance now is at 5530;
Market position volatile; Can turn both ways quickly;
More downward fall cannot be ruled out.

 

[Uncle-ji]

Monday, 01-Aug-2011, 2:40pm

Market still in the green; Struggling to remain green;
Europe trading positive; Asia closing in the green;
NIFTY around 5510 now; Came up from the low of 5485;
Strong support of 5500 was breached; Found local support at 5485;
Next support is at 5470-5450 levels; Resistance still at 5520-5530;
This needs to be crossed for upside to be established;
Market likely to continue upward recovery till end of day.

 

[Uncle-ji]

Tuesday, 02-Aug-2011, Pre-Market 09:10am

Gap-down cautious opening expected for our markets today;
Asian markets are trading red; The whole world is in the red;
Dollar is up at 44.0000; WTI Crude is more down to $95.26;
NIFTY support levels today are: 5485, 5470 and 5450;
NIFTY resistance levels today are: 5530, 5580 and 5600;
Results today: DLF, PowerGrid, UB Holdings, Piramal & others;
Cautious and subdued trading expected in the beginning;
But with positive bias; Good chances of consolidation as day progresses;
Wait for market to stabilise before taking position.

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

 

[Uncle-ji]

Tuesday, 02-Aug-2011, 09:55am

Gap-down opening for the NIFTY; Going down now;
World markets in the red; Our market sentiments low;
NIFTY around 5465 now; Opened around 5495;
First support of 5485 broken, 5470 now under attack;
Next support is at 5450-5430 levels;
More downside if this is crossed;
Resistance is now at 5500 and then at 5530;
Market likely to have some sidewise movement;
Overall sentiments are mixed; Careful...

 

[Uncle-ji]

Tuesday, 02-Aug-2011, 11:10am

Market deep in the red; Going down slow but steady;
NIFTY around 5460 now; Came down from a high of 5495;
Initial resistances of 5485 and 5470 broken;
Support of 5450 holding now; Looks like it can hold for some time;
Resistance is still at 5500 and then at 5530;
Sidewise movement likely to continue for some more time;
Market has distinct negative bias; Revival possible.

 

[Uncle-ji]

Tuesday, 02-Aug-2011, 12:45pm

Market still in the red; Going flat now;
Market fluctuating in the band of 5450-5470 since 9:30am;
NIFTY around 5460 now; Support of 5450 holding now;
Looks like it can hold on for some time;
Resistance is still at 5500 and then at 5530;
Sidewise movement likely to continue for some more time;
Market now has uncertain bias; We still say: Revival possible.

 

[Uncle-ji]

Tuesday, 02-Aug-2011, 2:45pm

Market deep in the red; Struggling to stage a come-back;
Europe trading negative; Asia closing in the red;
NIFTY around 5450 now; Came up from the low of 5430;
Support of 5430 holding for now; Next support is at 5400;
Resistance still at 5500-5520-5530 levels;
Market likely to continue upward recovery till end of day.