Market updates for Intraday

[Uncle-ji]

Monday, 02-May-2011, 2:40pm

Market still deep in red; Negative bias;
Europe opened positive; No reaction in our markets to Osama death news;
NIFTY now around 5697 now; 5700 not holding any more;
5685 is the next support level; Market likely to continue sidewise movement;
Take position in LONG only if surge comes; Do not take unnecessary risk;
Intraday traders -- Careful...

 

[Uncle-ji]

Tuesday, 03-May-2011, Pre-Market 8:40am

Gap-down opening predicted for our market today;
Asian markets mixed now; US closed in the red last night;
Dollar slightly down; Crude keeps going higher;
NIFTY support levels today are: 5685 and 5650;
NIFTY has resistance today at these levels: 5770 and 5800;
Q4 Results today: ESCORTS, ESSAROIL, FINILEX and others;
RBI Credit Policy will be announced today;
Cautious trading likely today with volumes better than yesterday.

 

[Uncle-ji]

Tuesday, 03-May-2011, 10:00am

Gap-down opening as predicted; But recovering immediately;
World markets mixed; Our markets on the line now, positive trend;
NIFTY now around 5700; Support of 5680 holding for the time being;
Market likely to test resistance of 5770 shortly;
Good prospects for intraday traders.

 

[Uncle-ji]

Tuesday, 03-May-2011, 11:10am

Our market trading very flat; In negative zone now;
Our markets trading within a range; Unable to break free;
NIFTY now around 5690; Support of 5680 still holding;
Positive breakout possible, anytime now;
Go LONG in intraday only if volume comes and market turns up.

 

[Uncle-ji]

Tuesday, 03-May-2011, 12:40pm

Market now deep in red; Negative bias; World markets mixed;
Upward swing in our markets started, but could not sustain;
RBI rate cut triggers fall;
NIFTY now around 5630; Fluctuating around this mark;
If 5620 is breached we can see levels of 5580 and 5500;
Chances of a positive breakout looks bleak from here;
Be certain before taking intraday position in uncertain market.

 

[Uncle-ji]

Re: Market updates & forecasts for Intraday

Tuesday, 03-May-2011, 2:40pm

Market still deep in red; Negative bias; Going down;
NIFTY over 2% down now; Upward surge to makeup loss not possible;
NIFTY now below 5580; Going down; 5500 may be tested today itself;
Take position in LONG for intraday only if surge comes;
Market sentiments bad; Do not take unnecessary risk;
Intraday traders ... be careful ... stay away unless sure.

 

[shubhamchugh]

Re: Market updates & forecasts for Intraday

Tuesday, 03-May-2011, 2:40pm

Market still deep in red; Negative bias; Going down;
NIFTY over 2% down now; Upward surge to makeup loss not possible;
NIFTY now below 5580; Going down; 5500 may be tested today itself;
Take position in LONG for intraday only if surge comes;
Market sentiments bad; Do not take unnecessary risk;
Intraday traders ... be careful ... stay away unless sure.

Do you have any idea about lloyd steel .I bought it @ 21.45 1 month ago after hearing news that it''' sell its stake shortly but no news came and its now trading @ 18 .
Its very hard to bear 20% loss after making dreams of 40 % profit .Be positive be positive

 

[Uncle-ji]

Tuesday, 03-May-2011, After Market Hours

Today is an exact repeat of yesterday but the fall has been even more — NIFTY went from 5700 to 5565 in one session. The selling was mainly from the retail sector with the FIIs also joining in. Looks like there is no panic selling as this move was largely triggered by the RBI rate hike. But one more session of high-volume selling tomorrow and we will be in trouble. Today was a good day for intraday traders willing to go SHORT.

 

[Uncle-ji]

shubham> I am sorry I cannot help you about lloyd steel with specific info on when to sell etc., but your case is yet another example of how NOT to depend on 'reliable info' for your buying decisions. Do a little bit of research on your own before you put in your money. It is not at all difficult -- all data you need is available in the internet to help you.

One more thought: didn't you have a stoploss in place when you did that purchase? Limit your losses, the market is on a downtrend.

 

[shubhamchugh]

shubham> I am sorry I cannot help you about lloyd steel with specific info on when to sell etc., but your case is yet another example of how NOT to depend on 'reliable info' for your buying decisions. Do a little bit of research on your own before you put in your money. It is not at all difficult -- all data you need is available in the internet to help you.

One more thought: didn't you have a stoploss in place when you did that purchase? Limit your losses, the market is on a downtrend.

Its results are coming on 10th may.Let's see.
I'm so lazy that i never follow stoplosses.My strategy is :"Be positive,everything will be ok"
If everything is gonna be allright then why fright