The Italics are the comments from yesterday and the previous days.
Broader market of today : we had a normal day today with all the activity within the first hour of trading
Bank Nifty :
————-
– The pull back rally high is 11150 ( adjusted for Mar).
– Poor lows at 10200.
– single prints from 10845 to 10950 are resistance points.
———
– BN got resisted at top of the single print again near 10845
– 10785 is the large POC and should be visited tomorrow.
– A revisit of 10785 tomorrow will set up a trade to 10712 or 10855
– VWAP for the series is still at 10800
– value for the series is 11025-10810-10720
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 between 5646 and 5346.
———
– profile shows a ledge like structure at 5358 day lows.
– auction required between 5395 and 5358 to develop the structure of today which is asymmetrical.
– vwap for the series is 5465 and the dpoc is at 5495 now.
– 5405-5495-5545 are series values
– above 5432 we can see 5469
——-
SBI :
—-
– Seller at the open and a spike at the close
– an open below the spike level of 2589 will mean more selling.
—–
– The market has attempted a bounce from the HVN at 2572
– 2572 will be ref level for further action.
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
——–
– RIL stayed below 1008
-It seems to have gone back to the previous bracket of 966-1008.
———
LT :
—
– LT can get some momentum above 1570 now.
– LT formed a balanced distribution curve
– single print at 1503 right below
—–
– 1503 seems to be a support as it has single prints for second day today.
-1524 is a prominent POC which has to be visited.
– below 1503 will move to 1475.
Broader market of today : we had a normal day today with all the activity within the first hour of trading
Bank Nifty :
————-
– The pull back rally high is 11150 ( adjusted for Mar).
– Poor lows at 10200.
– single prints from 10845 to 10950 are resistance points.
———
– BN got resisted at top of the single print again near 10845
– 10785 is the large POC and should be visited tomorrow.
– A revisit of 10785 tomorrow will set up a trade to 10712 or 10855
– VWAP for the series is still at 10800
– value for the series is 11025-10810-10720
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 between 5646 and 5346.
———
– profile shows a ledge like structure at 5358 day lows.
– auction required between 5395 and 5358 to develop the structure of today which is asymmetrical.
– vwap for the series is 5465 and the dpoc is at 5495 now.
– 5405-5495-5545 are series values
– above 5432 we can see 5469
——-
SBI :
—-
– Seller at the open and a spike at the close
– an open below the spike level of 2589 will mean more selling.
—–
– The market has attempted a bounce from the HVN at 2572
– 2572 will be ref level for further action.
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
——–
– RIL stayed below 1008
-It seems to have gone back to the previous bracket of 966-1008.
———
LT :
—
– LT can get some momentum above 1570 now.
– LT formed a balanced distribution curve
– single print at 1503 right below
—–
– 1503 seems to be a support as it has single prints for second day today.
-1524 is a prominent POC which has to be visited.
– below 1503 will move to 1475.
[learn_press_profile]