The Italics are the comments from yesterday and the previous days.
Broader market of today : An initiative seller at the open and an open drive, but there was evidence of short covering at the close.
Bank Nifty :
————-
– The pull back rally high is 11150 ( adjusted for Mar).
– Poor lows at 10200.
-single prints between 10775-10865 are good supports now
-10920 is first line of support followed by 10865
-above 11020 can target 11070 and 11130-60
– break of 10865 would mean a rotation to 10765
– 10945 is first level of resistance followed by 11020
—-
– VWAP for the series is still at 10800/ dpoc at 10839
– value for the series is 11028-10839-10716
– single prints from 10845 to 10950 are resistance points.
Nifty :
————
– Buyers are holding the levels at 5304-5314, below which Nifty failed to auction today ( 28/2).
– we still want to think about the NF as a bracket btw 5646 and 5346.
– below the single print at 5427, this market can revisit 5391.
-5462 is the level to watch tomorrow below which we can see 5433/ 5402
-resistance above is 5510-19
———
– vwap for the series is 5465 and the dpoc is at 5500 now.
– single print at 5427 mentioned above became resistance to the mkt for upmoves
-huge volumes at the close
-5418-5496-5559 are series values
– above 5427 we can see 5469
-5377 will be key level for morning trade
SBI :
———
—-
– Seller at the open and a spike at the close
– an open below the spike level of 2589 will mean more selling.
RIL :
—–
——–
– Big seller in RIL off the open.
– lots of work would be required to take that single print off
-1010 will again be first sign of the change back to highs
LT :
—
– LT can get some momentum above 1570 now.
—-
– LT formed a balnced distribution curve
– single print at 1503 right below
Broader market of today : An initiative seller at the open and an open drive, but there was evidence of short covering at the close.
Bank Nifty :
————-
– The pull back rally high is 11150 ( adjusted for Mar).
– Poor lows at 10200.
-single prints between 10775-10865 are good supports now
-10920 is first line of support followed by 10865
-above 11020 can target 11070 and 11130-60
– break of 10865 would mean a rotation to 10765
– 10945 is first level of resistance followed by 11020
—-
– VWAP for the series is still at 10800/ dpoc at 10839
– value for the series is 11028-10839-10716
– single prints from 10845 to 10950 are resistance points.
Nifty :
————
– Buyers are holding the levels at 5304-5314, below which Nifty failed to auction today ( 28/2).
– we still want to think about the NF as a bracket btw 5646 and 5346.
– below the single print at 5427, this market can revisit 5391.
-5462 is the level to watch tomorrow below which we can see 5433/ 5402
-resistance above is 5510-19
———
– vwap for the series is 5465 and the dpoc is at 5500 now.
– single print at 5427 mentioned above became resistance to the mkt for upmoves
-huge volumes at the close
-5418-5496-5559 are series values
– above 5427 we can see 5469
-5377 will be key level for morning trade
SBI :
———
—-
– Seller at the open and a spike at the close
– an open below the spike level of 2589 will mean more selling.
RIL :
—–
——–
– Big seller in RIL off the open.
– lots of work would be required to take that single print off
-1010 will again be first sign of the change back to highs
LT :
—
– LT can get some momentum above 1570 now.
—-
– LT formed a balnced distribution curve
– single print at 1503 right below
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