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 Monday : Another neutral day with a failed lower auction
Bank Nifty :
Back Ground : – Dominant seller at 10525.
Chart speak :
1) Another day of balancing
2) value created sideways, with poor highs and minor excess at lows
3) 9480 is prominent POC
4) FA at 9285
Nifty :
Background :
– Huge gap between 5325 and 5233 which is a single print seller.
– FA at 4816
Chartspeak :
1) A second failed auction at 4863 today, to add to the one at 4816 the previous day
2) a second day where the mkt succeeded in getting a range extension to the upside
3) resistance seen abv at 4980 and 5013![Profile charts for 24 th August 3 253222901245914188 6895284398856733009?L=Www.vtrender 2 Profile Charts For 24 Th August](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201%201'%3E%3C/svg%3E)
Broader Market of Monday : Another neutral day with a failed lower auction
Bank Nifty :
Back Ground : – Dominant seller at 10525.
Chart speak :
1) Another day of balancing
2) value created sideways, with poor highs and minor excess at lows
3) 9480 is prominent POC
4) FA at 9285
Nifty :
Background :
– Huge gap between 5325 and 5233 which is a single print seller.
– FA at 4816
Chartspeak :
1) A second failed auction at 4863 today, to add to the one at 4816 the previous day
2) a second day where the mkt succeeded in getting a range extension to the upside
3) resistance seen abv at 4980 and 5013
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