Today’s updated comments are displayed in bold. Comments from yesterday and the previous days are above the bold print.
Broader market of Tuesday: Initiative selling at the open to break the 2 day balance was met by responsive buying closer to 5791 levels to leave the broader market unchanged.
Bank Nifty :
——–
– BN ran into resistance at 12025 and formed single prints
– today’s resistance level may extend to 12066.
-11881 is support, below which 11834/ 11788 is possible.
——
– a running profile in BN with single prints at top n bottom.
– 11880 is the key level.
– 11940/11985 can be done above 11880 and 11774/ 11820 below it.
Nifty :
—–
– a Inside day in NF with spike into the close.
– acceptance below the spike low and 5871 will bring 5851 and a possible 5831.
– above 5910- levels of 5930/ 50 are possible
—-
– Nifty stayed below VAL for thye most part
-NF has to stay above 5895 for upmove of today to continue towards 5926/ 5946
– support is at 5864/ 5851.
SBI :
—
– a fresh upmove will begin above 2887
– SBI showed single prints at top and bottom, but consolidated in between.
– staying above 2925, sbi can once again do 2972 and reach 3018 also.
– lower support is at 2879
—-
– SBi found support at the top end of 2887, which was the projected breakout region.
– above 2947, can hit 2967/ 2988/ 3008.
-intraday support is 2926 and 2906.
RIL :
—————
– RIl still in a bracket with 1058 as upper limits
– A close above 1058 in RIL can bring 1079/ 1099/ 1120
– RIL continues it’s movement in the bracket.
– 1003 has to be reached on lower side.
—–
– RIL is weak and can target 982 if 995 breaks.
LT :
– LT has shown responsive buying at 1665.
– LT has moved now in a 120 point range btw 1777-1654 for this series
– Above 1737 should target 1766/ 1795 again
—–
– LT had a good buying tail at 1700 off the open.
-tgts of 1766 remain on upside.
—
– LT should give 30 points abv 1737 for 1766 and then 1795.
Broader market of Tuesday: Initiative selling at the open to break the 2 day balance was met by responsive buying closer to 5791 levels to leave the broader market unchanged.
Bank Nifty :
——–
– BN ran into resistance at 12025 and formed single prints
– today’s resistance level may extend to 12066.
-11881 is support, below which 11834/ 11788 is possible.
——
– a running profile in BN with single prints at top n bottom.
– 11880 is the key level.
– 11940/11985 can be done above 11880 and 11774/ 11820 below it.
Nifty :
—–
– a Inside day in NF with spike into the close.
– acceptance below the spike low and 5871 will bring 5851 and a possible 5831.
– above 5910- levels of 5930/ 50 are possible
—-
– Nifty stayed below VAL for thye most part
-NF has to stay above 5895 for upmove of today to continue towards 5926/ 5946
– support is at 5864/ 5851.
SBI :
—
– a fresh upmove will begin above 2887
– SBI showed single prints at top and bottom, but consolidated in between.
– staying above 2925, sbi can once again do 2972 and reach 3018 also.
– lower support is at 2879
—-
– SBi found support at the top end of 2887, which was the projected breakout region.
– above 2947, can hit 2967/ 2988/ 3008.
-intraday support is 2926 and 2906.
RIL :
—————
– RIl still in a bracket with 1058 as upper limits
– A close above 1058 in RIL can bring 1079/ 1099/ 1120
– RIL continues it’s movement in the bracket.
– 1003 has to be reached on lower side.
—–
– RIL is weak and can target 982 if 995 breaks.
LT :
– LT has shown responsive buying at 1665.
– LT has moved now in a 120 point range btw 1777-1654 for this series
– Above 1737 should target 1766/ 1795 again
—–
– LT had a good buying tail at 1700 off the open.
-tgts of 1766 remain on upside.
—
– LT should give 30 points abv 1737 for 1766 and then 1795.
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