At Vtrender -2 we do a comprehensive pre market update on the Nifty, BankNifty , Reliance, SBI and ICICI for a bias to the morning session as well as levels to book profits or initiate new ones.
The pre market levels can be confirmed with the Order Flow charts in the trading room.Here is a small preview (without the charts)
Heading into the open, we had the following out :
NF :
– A DD day with 2 distributions between 5556- 5608 and 5510-5540
– the weak structure from 31/ 5 has been addressed
– if market auctions below 5499, it can hit 5476/ 5464 (HVN)
BN :
– A dd in BN with distribution between 10720-10790 and 10845-10945
– Below 10690 it can see 10652 and 10610 below that
SBI :
– SBi also ad a DD day
– 2326-2306 and 2340 and 2364 represent the two auctions of friday
– below 2305 it can see 2285/ 80 and 2265
RIL :
– Another DD
– 951-939 and 957-969 represent the 2 auctions
– 930 is support below which it can see 917
ICICI :
– ICICI had poor structure and imbalance for friday’s move
– below 1048, it can slide to 1036
Updates at 11.30 am :
– NF low- 5475
– BN Low -10650
– SBI Low- 2281
– RIL Low- 932
– ICICI Low- 1040
