Market updates for Intraday

[Uncle-ji]

msa5678> I am sorry I cannot guide you regarding GUJFLUORO as I do not track stocks with such low volumes for intraday. But as a general rule, you must be having stoploss and targets in place -- so follow them.

 

[Uncle-ji]

Wednesday, 04-May-2011, After Market Hours

It now seems that the bears have managed to get firm control over the market today. The expected upward move came just before 2pm but our market could not hold onto it. The NIFTY stayed within a range between 5580 and 5500. These will be the two trigger levels tomorrow. Improved volumes and FII drain, all signal towards more down side. We however feel that there will be another upward short-covering surge very soon. You never know the market can call your bluff anytime.

 

[Uncle-ji]

Thursday, 05-May-2011, Pre-Market 8:40am

Flat opening expected for our market today;
Asian markets mixed; World markets bad;
Dollar slight up; NYMEX Crude slightly down;
NIFTY support levels today are: 5500 and 5470;
NIFTY resistance levels today are: 5580, 5600 and 5660;
Q4 Results today: ANDHRABANK BHARTIARTL CIPLA KOTAKBANK and others;
No domestic cues lined up today; Market sentiments still down;
Low-volume trading likely in the beginning of the day;
At any time today, a short-covering rally is on the cards.

 

[Uncle-ji]

Thursday, 05-May-2011, 10:10am

Negative opening but recovered immediately; Going flat now;
Slight positive bias; Our markets in green zone now;
NIFTY around 5544 now; Upsurge will be confirmed after 5560;
Market likely to trade within 5520-5560 range in the near term;
Short term upward profit-booking surge possible anytime.

 

[Uncle-ji]

Thursday, 05-May-2011, 11:40am

Our market trading flat; Fluctuating around neutral line;
Uncertain bias now; Asian markets recovering;
Our markets likely to trade within a range for some more time;
Positive breakout not likely right now;
NIFTY now around 5535; Range of 5520-5560 still applicable;
Go LONG only if volume comes and market goes beyond 5560 convincingly;
Be careful in choppy market ...

 

[Uncle-ji]

Thursday, 05-May-2011, 12:30pm

Market still on the line; Going Flat; Uncertain bias;
Our market trading within a range;
NIFTY now around 5535; Range of 5520-5560 still holding;
Chances of a positive breakout looks possible from here;
Think of LONG only if NIFTY crosses 5560 convincingly;
More downside possible if NIFTY breaches 5520;
Be certain before taking position; Careful in LONG in uncertain market.

 

[Uncle-ji]

Thursday, 05-May-2011, 2:30pm

Market took a tumble; In the red now; Fall has been arrested;
NIFTY now around 5475; Found support at 5450;
Next support is at 5300 levels, which is a very steep fall;
Slight positive bias now; Market again in a range;
Good inflation figures has been disregarded by the market till now;
Earlier support of 5500 likely to become a resistance now;
Do not take unnecessary risk; Stay away if already in profit.

 

[Uncle-ji]

Friday, 06-May-2011, Pre-Market 8:45am

Flat or Gap-up opening expected for our market today;
Asian markets in the red; World markets bad;
Dollar marginally up; NYMEX Crude down by good margin;
All commodity prices went down significantly yesterday;
NIFTY support levels today are: 5380, 5300 and 5210;
NIFTY resistance levels today are: 5500, 5520 and 5600;
Q4 Results today: CADILLA, PIRAMAL, ROLTA, MTNL and others;
A short-covering rally is overdue.

 

[Uncle-ji]

Friday, 06-May-2011, 9:55am

Gap-up opening against world flow, as predicted; Going flat now;
Slight positive bias; Our markets in green zone;
NIFTY now around 5516; Next target 5540-5560;
Market likely to trade within a range in the next few hours;
Short term upward profit-booking surge will happen.

 

[Uncle-ji]

Friday, 06-May-2011, 2:25pm

The expected upward surge happening now;
A NIFTY low has been formed at 5470;
NIFTY now around 5540; All initial resistances broken;
Next step is 5560; If this is crossed convincingly, 5600 is target;
However, this rally may not last for very long; Careful ...