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 Wednesday : An inside day in the markets. However the net orderflow was a positive figure and moved ito positive territory for the series again.
Bank Nifty :
Back Ground : – Dominant seller at 10525./
Chart speak from yesterday :
1) The gap was not covered in BN
2) Profile shows large volumes around 9485 which can decide the next swing trade
3) Expecting BN to be relatively flat around the center of today’s profile.
Today’s charts :
1) BN had an inside day
2) The 9435-9475 zone from the charts of yesterday was auctioned into and the market covered the profile which was previously ir-regular.
3) A move above day high can give a gap fill trade to 9625 and beyond that 9800 is possible.
Nifty :
Background :
– Huge gap between 5325 and 5233 which is a single print seller.
Chartspeak of yesterday :
1) The gap was filled upto 5040
2) Today’s charts are the entire composite between 5182 and the recent 4730 lows.
3) The purple areas represent the value area over time
4) Today’s move was on very poor structure, so we can expect a repeat of the range tomorrow.
Today’s charts :
1) Inside day in NF too
2) a break above the day’s range can target 5018
Broader Market of Wednesday : An inside day in the markets. However the net orderflow was a positive figure and moved ito positive territory for the series again.
Bank Nifty :
Back Ground : – Dominant seller at 10525./
Chart speak from yesterday :
1) The gap was not covered in BN
2) Profile shows large volumes around 9485 which can decide the next swing trade
3) Expecting BN to be relatively flat around the center of today’s profile.
Today’s charts :
1) BN had an inside day
2) The 9435-9475 zone from the charts of yesterday was auctioned into and the market covered the profile which was previously ir-regular.
3) A move above day high can give a gap fill trade to 9625 and beyond that 9800 is possible.
Nifty :
Background :
– Huge gap between 5325 and 5233 which is a single print seller.
Chartspeak of yesterday :
1) The gap was filled upto 5040
2) Today’s charts are the entire composite between 5182 and the recent 4730 lows.
3) The purple areas represent the value area over time
4) Today’s move was on very poor structure, so we can expect a repeat of the range tomorrow.
Today’s charts :
1) Inside day in NF too
2) a break above the day’s range can target 5018
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