The Italics are the comments from yesterday and the previous days.
Broader market of Thursday : The market again showed an inclination to balance at the top of the range.Neutral day with poor highs and lows.
Bank Nifty :
——————
– selling prints at the top at 11990 levels.
– 11707 is support now
– 11935 and 11990/ 12023 will resist tomorrow.
– single prints btw 11960-11990
————–
– A move above 11977 should bring 12026 and 12075
– 11880 is the first support for tomorrow.
Nifty :
—————-
– Nifty could nor defend the pull back low of 5866 and fell to 5820.
– 5730 has to be defended ( closing basis) for upmove to continue.
———-
– No excess at close is reason for continuity to 5910/ 5958
– Break out zone of 5814 is support
—-
– Nifty had an open profile with close at the centre. A neutral centre day.
– Strength above 5926 tomorrow
– targets 5946/53 and 5980 on upside
-5872/ 5846 are supports
SBI :
—
– a fresh upmove will begin above 2887
——-
– An intra day move above 2892 will bring 2929.
– support is at 2837
RIL :
—————
– RIl still in a bracket with 1058 as upper limits
– can target 1044/ 1052 tomorrow.
– support at 1022.
————
– A close above 1058 in RIl can bring 1079/ 1099/ 1120
– support is at 1036.
LT :
– LT has shown responsive buying at 1665 for 2 days now.
————
– LT got buyers again at 1665
– 1736/ 1766/1795 are targets with sl at 1708 on closing basis.
————
– LT has moved now in a 120 point range btw 1777-1654 for this series
– Above 1737 shoould target 1766/ 1795 again
Broader market of Thursday : The market again showed an inclination to balance at the top of the range.Neutral day with poor highs and lows.
Bank Nifty :
——————
– selling prints at the top at 11990 levels.
– 11707 is support now
– 11935 and 11990/ 12023 will resist tomorrow.
– single prints btw 11960-11990
————–
– A move above 11977 should bring 12026 and 12075
– 11880 is the first support for tomorrow.
Nifty :
—————-
– Nifty could nor defend the pull back low of 5866 and fell to 5820.
– 5730 has to be defended ( closing basis) for upmove to continue.
———-
– No excess at close is reason for continuity to 5910/ 5958
– Break out zone of 5814 is support
—-
– Nifty had an open profile with close at the centre. A neutral centre day.
– Strength above 5926 tomorrow
– targets 5946/53 and 5980 on upside
-5872/ 5846 are supports
SBI :
—
– a fresh upmove will begin above 2887
——-
– An intra day move above 2892 will bring 2929.
– support is at 2837
RIL :
—————
– RIl still in a bracket with 1058 as upper limits
– can target 1044/ 1052 tomorrow.
– support at 1022.
————
– A close above 1058 in RIl can bring 1079/ 1099/ 1120
– support is at 1036.
LT :
– LT has shown responsive buying at 1665 for 2 days now.
————
– LT got buyers again at 1665
– 1736/ 1766/1795 are targets with sl at 1708 on closing basis.
————
– LT has moved now in a 120 point range btw 1777-1654 for this series
– Above 1737 shoould target 1766/ 1795 again
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