The Prime Levels for tomorrow are possible areas of demand and supply and the same are uploaded in an excel sheet here.
Broader Market of Monday : A trend day with significant amount of short covering
Bank Nifty :
Back Ground : – Dominant seller at 10525./ break of Balance profile with POC at 9395
Chart speak :
1) profile closed at the edge of the prev 5 day balance area
2) Minus development below 9155
3) Upper value area is 9495 and target for an immediate upmove
Nifty :
Background :
– Huge gap between 5325 and 5233 which is a single print seller.
Chartspeak :
1) The move of today was in the value area of the past 5 days
2) profile shows minus development below 4814
3) a further upmove can bring 5005 and 5085
Broader Market of Monday : A trend day with significant amount of short covering
Bank Nifty :
Back Ground : – Dominant seller at 10525./ break of Balance profile with POC at 9395
Chart speak :
1) profile closed at the edge of the prev 5 day balance area
2) Minus development below 9155
3) Upper value area is 9495 and target for an immediate upmove
Nifty :
Background :
– Huge gap between 5325 and 5233 which is a single print seller.
Chartspeak :
1) The move of today was in the value area of the past 5 days
2) profile shows minus development below 4814
3) a further upmove can bring 5005 and 5085
[learn_press_profile]