The Italics are the comments from yesterday and the previous days.
Broader market of today : An open drive resulted in a gain of 75 points in the IB and the market subsequently auctioned in the upper part of the IB, digesting all gains.
Bank Nifty :
————-
– The pull back rally high is 11150 ( adjusted for Mar).
– Poor lows at 10200.
—
– for the second day,BN got resisted at top of the single print again near 10845
– Longs can be tried about 15 points above day high at 10880 tomorrow to 10930-50.
—————–
— VWAP for the series is still at 10800
– value for the series is 11020-10800-10720
-10918 is a good stop for new longs in BN
– 11140 is target on upside.
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.
——-
– auction didn’t happen below 5358, but 3 day profile is showing b shape ( short covering)
-5466/ 5489 are still in play as long as we trade above 5416 tomorrow.
————–
– vwap for the series is 5458 and the dpoc is at 5500 now.
– 5405-5495-5545 are series values
-5527/ 5540/5556 possible as long as NF stays above 5507 tomorrow.
– 5460 is support on lower side
SBI :
—–
– The market has attempted a bounce from the HVN at 2572
– 2572 will be ref level for further action.
—–
– small seller seen at 2640 which is the series vwap.
– strength above 2640 will continue the bounce from 2572.
—————
– holding 2639, SBI can do 2682/ 2704
RIL :
——–
-1010 will again be first sign of the change back to highs ( 1039)
-It seems to have gone back to the previous bracket of 966-1008.
———
– RIL stayed below 1010 today.
– the poor highs means that 1010 may be revisited tomorrow.
– above 1011, RIL can see 1023 and 1039.
– 1006 is a prominent POC and good support if 1011 is broken to the upside.
———————
– RIl can go upto 1024/ 1030 tomorrow.
– supports now are 1012/ 1006.
LT :
—
– 1503 seems to be a support as it has single prints for second day today.
– below 1503 will move to 1475.
—
Good bal profile developing above 1503 which can target 1569 on the upside.
————
– 1552/ 1569 are immediate targets
– 1527 is support.
Broader market of today : An open drive resulted in a gain of 75 points in the IB and the market subsequently auctioned in the upper part of the IB, digesting all gains.
Bank Nifty :
————-
– The pull back rally high is 11150 ( adjusted for Mar).
– Poor lows at 10200.
—
– for the second day,BN got resisted at top of the single print again near 10845
– Longs can be tried about 15 points above day high at 10880 tomorrow to 10930-50.
—————–
— VWAP for the series is still at 10800
– value for the series is 11020-10800-10720
-10918 is a good stop for new longs in BN
– 11140 is target on upside.
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.
——-
– auction didn’t happen below 5358, but 3 day profile is showing b shape ( short covering)
-5466/ 5489 are still in play as long as we trade above 5416 tomorrow.
————–
– vwap for the series is 5458 and the dpoc is at 5500 now.
– 5405-5495-5545 are series values
-5527/ 5540/5556 possible as long as NF stays above 5507 tomorrow.
– 5460 is support on lower side
SBI :
—–
– The market has attempted a bounce from the HVN at 2572
– 2572 will be ref level for further action.
—–
– small seller seen at 2640 which is the series vwap.
– strength above 2640 will continue the bounce from 2572.
—————
– holding 2639, SBI can do 2682/ 2704
RIL :
——–
-1010 will again be first sign of the change back to highs ( 1039)
-It seems to have gone back to the previous bracket of 966-1008.
———
– RIL stayed below 1010 today.
– the poor highs means that 1010 may be revisited tomorrow.
– above 1011, RIL can see 1023 and 1039.
– 1006 is a prominent POC and good support if 1011 is broken to the upside.
———————
– RIl can go upto 1024/ 1030 tomorrow.
– supports now are 1012/ 1006.
LT :
—
– 1503 seems to be a support as it has single prints for second day today.
– below 1503 will move to 1475.
—
Good bal profile developing above 1503 which can target 1569 on the upside.
————
– 1552/ 1569 are immediate targets
– 1527 is support.
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