The Prime Levels for tomorrow are possible areas of demand and supply and the same are uploaded in an excel sheet here.
You can set a notification to update you as soon as the sheet is edited within the page itself.
The most important number to watch in the sheet is Prime Point Zero or (PP0) which is the level where the market is neutral for the day.A market below PP0 and moving lower is a weak market intraday and vice versa.
Whilst using the Order Flow charts, it is necessary to book profits at each of the levels mentioned. Thus a BUY signal can be booked at the closest PR1, PR2, PR3 with every preceding level becoming a stop loss for the existing order. Depending on how the smaller OF reacts , one can re-initiate the booked order
Today’s updated comments are displayed in bold. Comments from yesterday and the previous days are above the bold print.
Broader market of Tuesday: A sell off on news created another DD with large single prints in the middle.
Bank Nifty :
Back Ground :
– support for the week is at 11180 and resistance at 11526
Chart Speak :
– Another DD with single prints at 11365 separating the 2 auctions.
– single prints between 11365- 11155.
– a move above poc at 11100 will give an up bias to the market
Nifty :
Background :
– support for the week is at 5536 and resistance may be seen at 5742
Chart speak :
– Another incomplete DD with single prints at 5670 separating the two auctions.
– single prints from 5670 to 5613 is long unwinding.
– large value area at 5631- 5562 would signify a quite day within value tomorrow.
SBI :
Back Ground
– A sideways POC for the past 5 days
– support for the week is at 2454 and resistance at 2532
Chart Speak :
– single prints 2496-2468
– value area 2470-2434 may keep the market rangebound
– 2444 poc can give upwards bias.
RIL :
BackGround :
– 907 is resistance.
– RIL shows a single print seller at 910
– profile is irregular with another seller at 880
– support should come near 849 HVN during the week
– responsive buying near 845 seen.
Chart Speak :
– poor lows in ril may mean that some more downside left.
LT :
BackGround
– a sideways moving profile
– 1838 is resistance for the week and 1791 is support
Chart speak :
– a sharp move lower which traveled through the entire bracket.
ICICI Bank :
Back Ground :
– a sideways moving profile
– region around 1058 is balance area currently
Chart Speak :
– single prints between 1071 to 1049
– prominent POC at 1041
Tata Motors :
Back Ground :
– support for the week is 977 and resistance will be at 1030
– new supports rests at 955
Chart speak :
– single prints 998- 986
You can set a notification to update you as soon as the sheet is edited within the page itself.
The most important number to watch in the sheet is Prime Point Zero or (PP0) which is the level where the market is neutral for the day.A market below PP0 and moving lower is a weak market intraday and vice versa.
Whilst using the Order Flow charts, it is necessary to book profits at each of the levels mentioned. Thus a BUY signal can be booked at the closest PR1, PR2, PR3 with every preceding level becoming a stop loss for the existing order. Depending on how the smaller OF reacts , one can re-initiate the booked order
Today’s updated comments are displayed in bold. Comments from yesterday and the previous days are above the bold print.
Broader market of Tuesday: A sell off on news created another DD with large single prints in the middle.
Bank Nifty :
Back Ground :
– support for the week is at 11180 and resistance at 11526
Chart Speak :
– Another DD with single prints at 11365 separating the 2 auctions.
– single prints between 11365- 11155.
– a move above poc at 11100 will give an up bias to the market
Nifty :
Background :
– support for the week is at 5536 and resistance may be seen at 5742
Chart speak :
– Another incomplete DD with single prints at 5670 separating the two auctions.
– single prints from 5670 to 5613 is long unwinding.
– large value area at 5631- 5562 would signify a quite day within value tomorrow.
SBI :
Back Ground
– A sideways POC for the past 5 days
– support for the week is at 2454 and resistance at 2532
Chart Speak :
– single prints 2496-2468
– value area 2470-2434 may keep the market rangebound
– 2444 poc can give upwards bias.
RIL :
BackGround :
– 907 is resistance.
– RIL shows a single print seller at 910
– profile is irregular with another seller at 880
– support should come near 849 HVN during the week
– responsive buying near 845 seen.
Chart Speak :
– poor lows in ril may mean that some more downside left.
LT :
BackGround
– a sideways moving profile
– 1838 is resistance for the week and 1791 is support
Chart speak :
– a sharp move lower which traveled through the entire bracket.
ICICI Bank :
Back Ground :
– a sideways moving profile
– region around 1058 is balance area currently
Chart Speak :
– single prints between 1071 to 1049
– prominent POC at 1041
Tata Motors :
Back Ground :
– support for the week is 977 and resistance will be at 1030
– new supports rests at 955
Chart speak :
– single prints 998- 986
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