The Italics are the comments from yesterday and the previous days.
Broader market of today : An open drive again in the morning resulted in most of the gains coming in the IB and the market subsequently auctioned in the IB, digesting all gains. Value again was created higher.
Bank Nifty :
————-
– The pull back rally high is 11150 ( adjusted for Mar).
– Poor lows at 10200.
—–
– 10918 is a good stop for new longs in BN
– 11140 is target on upside.
—————–
— VWAP for the series is at 10820
– value for the series is 11020-10800-10720
-Above 11114, this mkt can reach 11187 and 11228 tomorrow.
– Sl is 11057 and 11000 for long positions.
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.
—–
-5527/ 5540/5556 possible as long as NF stays above 5507 tomorrow.
– 5460 is support on lower side
——————
– vwap for the series is 5462 and the dpoc is at 5495 now.
– 5405-5495-5545 are series values
-above 5556, this market can reach 5586 tomorrow.
– Sl for long positions is 5519/ 5497
SBI :
—–
– The market has attempted a bounce from the HVN at 2572
– 2572 will be ref level for further action.
—–
– holding 2639, SBI can do 2682/ 2704
——
– 2677 is an HVN which resisted today.
RIL :
——–
-1010 will again be first sign of the change back to highs ( 1039)
———
– 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.
– still within 1006-1030
LT :
—
– 1503 seems to be a support as it has single prints for second day today.
– Good bal profile developing above 1503 which can target 1569 on the upside.
– 1552/ 1569 are immediate targets
– 1527 is support.
———
– 1547 to 1570 likely range again.
Broader market of today : An open drive again in the morning resulted in most of the gains coming in the IB and the market subsequently auctioned in the IB, digesting all gains. Value again was created higher.
Bank Nifty :
————-
– The pull back rally high is 11150 ( adjusted for Mar).
– Poor lows at 10200.
—–
– 10918 is a good stop for new longs in BN
– 11140 is target on upside.
—————–
— VWAP for the series is at 10820
– value for the series is 11020-10800-10720
-Above 11114, this mkt can reach 11187 and 11228 tomorrow.
– Sl is 11057 and 11000 for long positions.
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.
—–
-5527/ 5540/5556 possible as long as NF stays above 5507 tomorrow.
– 5460 is support on lower side
——————
– vwap for the series is 5462 and the dpoc is at 5495 now.
– 5405-5495-5545 are series values
-above 5556, this market can reach 5586 tomorrow.
– Sl for long positions is 5519/ 5497
SBI :
—–
– The market has attempted a bounce from the HVN at 2572
– 2572 will be ref level for further action.
—–
– holding 2639, SBI can do 2682/ 2704
——
– 2677 is an HVN which resisted today.
RIL :
——–
-1010 will again be first sign of the change back to highs ( 1039)
———
– 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.
– still within 1006-1030
LT :
—
– 1503 seems to be a support as it has single prints for second day today.
– Good bal profile developing above 1503 which can target 1569 on the upside.
– 1552/ 1569 are immediate targets
– 1527 is support.
———
– 1547 to 1570 likely range again.
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