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 Friday: Overseas cues led to a gap up in the markets at the opening bell. However lack of follow- up buying kept the market in a normal distribution curve all day.
Bank Nifty October series :
Background :
1) 4 day value area from 27/9 to 30/9 broken down.
2) Market moving below the previous HVN of 9380
Wednesday’s charts :
1) Single print seller at 8995
2) Value established lower indicating a seller in control
3) Minor responsive buying at 8638
4) Price closed at developing point of control
Friday’s Charts :
1) The market auctioned all day in the single print zone of 4/10.
2) Initiative buying seen at 8939
3) Inability to follow up above IB is short term negative and does not show presence of big buyers
4) A normal distribution resolves into a normal variation or a neutral day.
Nifty Future October series:
Background :
1) 4 day value area from 27/9 to 30/9 broken down.
2) Market moving below the previous HVN of 4896
3) FA from 4814 revisited and new auction tracked below it.
Wednesday’s charts :
1) Auction in the single prints of the previous day
2) The price POC and Volume poc resolved as value was established sideways
3) Volume POC stayed sideways, indicating no new selling in the market
4) 4848 and 4899 are resistances to any upmove
Friday’s charts :
1) A normal distribution within IB
2) The market placed delicately between 2 brackets 4907-5046 & 4984-4730
3) Auction was in the gap of the close on 30/9 and the open of 03/10
4) 4914 is prominent POC for the bell shaped profile and should get visited again.
Broader Market of Friday: Overseas cues led to a gap up in the markets at the opening bell. However lack of follow- up buying kept the market in a normal distribution curve all day.
Bank Nifty October series :
Background :
1) 4 day value area from 27/9 to 30/9 broken down.
2) Market moving below the previous HVN of 9380
Wednesday’s charts :
1) Single print seller at 8995
2) Value established lower indicating a seller in control
3) Minor responsive buying at 8638
4) Price closed at developing point of control
Friday’s Charts :
1) The market auctioned all day in the single print zone of 4/10.
2) Initiative buying seen at 8939
3) Inability to follow up above IB is short term negative and does not show presence of big buyers
4) A normal distribution resolves into a normal variation or a neutral day.
Nifty Future October series:
Background :
1) 4 day value area from 27/9 to 30/9 broken down.
2) Market moving below the previous HVN of 4896
3) FA from 4814 revisited and new auction tracked below it.
Wednesday’s charts :
1) Auction in the single prints of the previous day
2) The price POC and Volume poc resolved as value was established sideways
3) Volume POC stayed sideways, indicating no new selling in the market
4) 4848 and 4899 are resistances to any upmove
Friday’s charts :
1) A normal distribution within IB
2) The market placed delicately between 2 brackets 4907-5046 & 4984-4730
3) Auction was in the gap of the close on 30/9 and the open of 03/10
4) 4914 is prominent POC for the bell shaped profile and should get visited again.
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