The Italics are the comments from yesterday and the previous days.
Broader market of friday : A larger time frame player moved the market beyond it’s know bracket causing a big tide in the market. A auction awaited on Monday to confirm higher prices.
Bank Nifty :
————-
– The pull back rally high is 11150 ( adjusted for Mar).
—————–
-Above 11114, this mkt can reach 11187 and 11228 tomorrow.
– Sl is 11057 and 11000 for long positions.
————
– We are strongly above the pull back high of 11150mentioned above
– value for the series is 11025-10800-10720.. strongly above vah.
– 11315 and 11350 needs to hold on any pullback, if uptrend has to continue.
– below 11315 we may revisit 11200.
– 11540 and 11600 are targets above 11480 tomorrow.
————–
Nifty :
————
– Buyers are holding the levels at 5304-5314, below which Nifty failed to auction today ( 28/2).
——————
– vwap for the series is 5462 and the dpoc is at 5495 now.
-above 5556, this market can reach 5586 tomorrow.
– Sl for long positions is 5519/ 5497
——————-
– 5405-5495-5545 are series values
– 5651/5642 must hold on any pullback tomorrow for uptrend to continue
– below 5642, we can see 5611/ 5590 again
– above 5690, uptrend can reach a possible 5800 by expiry day.
SBI :
—–
– The market has attempted a bounce from the HVN at 2572
– 2572 will be ref level for further action.
—–
– above 2729, the market can touch HVN near 2753 and further strenght above HVN can bring 2777.
– 2703 must hold tomorrow for uptrend to continue.
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.
———————
– almost at top of single print at 1039.
– has to stay above 1022 tomorrow.
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.
———
– HVN of 1615 was touched at close.
-strength above HVN can give 1623/ 1636.
– failure will bring 1586 on a move below 1599.
Broader market of friday : A larger time frame player moved the market beyond it’s know bracket causing a big tide in the market. A auction awaited on Monday to confirm higher prices.
Bank Nifty :
————-
– The pull back rally high is 11150 ( adjusted for Mar).
—————–
-Above 11114, this mkt can reach 11187 and 11228 tomorrow.
– Sl is 11057 and 11000 for long positions.
————
– We are strongly above the pull back high of 11150mentioned above
– value for the series is 11025-10800-10720.. strongly above vah.
– 11315 and 11350 needs to hold on any pullback, if uptrend has to continue.
– below 11315 we may revisit 11200.
– 11540 and 11600 are targets above 11480 tomorrow.
————–
Nifty :
————
– Buyers are holding the levels at 5304-5314, below which Nifty failed to auction today ( 28/2).
——————
– vwap for the series is 5462 and the dpoc is at 5495 now.
-above 5556, this market can reach 5586 tomorrow.
– Sl for long positions is 5519/ 5497
——————-
– 5405-5495-5545 are series values
– 5651/5642 must hold on any pullback tomorrow for uptrend to continue
– below 5642, we can see 5611/ 5590 again
– above 5690, uptrend can reach a possible 5800 by expiry day.
SBI :
—–
– The market has attempted a bounce from the HVN at 2572
– 2572 will be ref level for further action.
—–
– above 2729, the market can touch HVN near 2753 and further strenght above HVN can bring 2777.
– 2703 must hold tomorrow for uptrend to continue.
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.
———————
– almost at top of single print at 1039.
– has to stay above 1022 tomorrow.
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.
———
– HVN of 1615 was touched at close.
-strength above HVN can give 1623/ 1636.
– failure will bring 1586 on a move below 1599.
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