The Prime Levels for tomorrow are possible areas of demand and supply and the same are uploaded in an excel sheet here.
You can set a notification to update you as soon as the sheet is edited within the page itself.
The most important number to watch in the sheet is Prime Point Zero or (PP0) which is the level where the market is neutral for the day.A market below PP0 and moving lower is a weak market intraday and vice versa.
Whilst using the Order Flow charts, it is necessary to book profits at each of the levels mentioned. Thus a BUY signal can be booked at the closest PR1, PR2, PR3 with every preceding level becoming a stop loss for the existing order. Depending on how the smaller OF reacts , one can re-initiate the booked order
Today’s updated comments are displayed in bold. Comments from yesterday and the previous days are above the bold print.
Broader market of Friday: A normal variation day in NF with a positive range extension.
Bank Nifty :
Back Ground :
– support for the week is at 11180 and resistance at 11526
Chart Speak :
– Mkt quickly moved through the poor structure and single prints of 20/7 creating volume during the process
– staying above 11243 the previous 4 day balance POC is bullish
Nifty :
Background :
– support for the week is at 5536 and resistance may be seen at 5742
Chart speak :
– a p shaped profile which indicated the run up was on short covering
– value area 5649-5619 is crucial to the option on Monday.
SBI :
Back Ground
– A sideways POC for the past 5 days
– support for the week is at 2454 and resistance at 2532
Chart Speak :
-5 day profile is sideways with a horizontally moving POC
RIL :
BackGround :
– 907 is resistance.
– RIL shows a single print seller at 910
– profile is irregular with another seller at 880
– support should come near 849 HVN during the week
– responsive buying near 845 seen.
Chart Speak :
– 13th day of sideways development in RIL between 844 and 880
– p shaped profile would indicate shorts covering.
LT :
BackGround
– a sideways moving profile
– 1838 is resistance for the week and 1791 is support
Chart speak :
ICICI Bank :
Back Ground :
– a sideways moving profile
– region around 1058 is balance area currently
Chart Speak :
– open drive in ICICI with a close at the other end
Tata Motors :
Back Ground :
– support for the week is 977 and resistance will be at 1030
Chart speak :
You can set a notification to update you as soon as the sheet is edited within the page itself.
The most important number to watch in the sheet is Prime Point Zero or (PP0) which is the level where the market is neutral for the day.A market below PP0 and moving lower is a weak market intraday and vice versa.
Whilst using the Order Flow charts, it is necessary to book profits at each of the levels mentioned. Thus a BUY signal can be booked at the closest PR1, PR2, PR3 with every preceding level becoming a stop loss for the existing order. Depending on how the smaller OF reacts , one can re-initiate the booked order
Today’s updated comments are displayed in bold. Comments from yesterday and the previous days are above the bold print.
Broader market of Friday: A normal variation day in NF with a positive range extension.
Bank Nifty :
Back Ground :
– support for the week is at 11180 and resistance at 11526
Chart Speak :
– Mkt quickly moved through the poor structure and single prints of 20/7 creating volume during the process
– staying above 11243 the previous 4 day balance POC is bullish
Nifty :
Background :
– support for the week is at 5536 and resistance may be seen at 5742
Chart speak :
– a p shaped profile which indicated the run up was on short covering
– value area 5649-5619 is crucial to the option on Monday.
SBI :
Back Ground
– A sideways POC for the past 5 days
– support for the week is at 2454 and resistance at 2532
Chart Speak :
-5 day profile is sideways with a horizontally moving POC
RIL :
BackGround :
– 907 is resistance.
– RIL shows a single print seller at 910
– profile is irregular with another seller at 880
– support should come near 849 HVN during the week
– responsive buying near 845 seen.
Chart Speak :
– 13th day of sideways development in RIL between 844 and 880
– p shaped profile would indicate shorts covering.
LT :
BackGround
– a sideways moving profile
– 1838 is resistance for the week and 1791 is support
Chart speak :
ICICI Bank :
Back Ground :
– a sideways moving profile
– region around 1058 is balance area currently
Chart Speak :
– open drive in ICICI with a close at the other end
Tata Motors :
Back Ground :
– support for the week is 977 and resistance will be at 1030
Chart speak :
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