Today’s updated comments are displayed in bold. Comments from yesterday and the previous days are above the bold print.
Broader market of Monday: The market operated in the value of friday mostly, in between POC and VAL closing near the VAL of friday
Bank Nifty :
– single prints at 12020 at the top.
– a selling tail off the open at 11920
——
– 11580 had the largest volumes and the region of 11580/ 11625 will resist all up moves
– below 11450, Bn can see 11366 and if that does not hold then 11280/250.
————-
– An open drive off the open at 11580, ended up taking the BN to well below 11250
– a b shaped profile at close.
-value area 11349-11253 holds the key to tomorrow’s movement.
– above vah, 11402/ 11480 possible.
– below 11237, 11157 can be done.
Nifty :
– single print selling from 5930 again today
——–
– Large volumes at 5760 and 5794
– above 5795, NF can move to 5823
– below 5764, lows of 5733 and 5702/14 can be seen again.
– a close above 5827 will pit NF on track for a 120 point moves to bal highs at 5948
– a close below 5714 will bring 5630/ 5570 next.
——
-mentioned levels of 5763, 5794, 5733, 5703 were all in play as open, high, IB low and day low respectively.
-above 5737, 5761 and 5786 are possible
-weakness below 5710, will bring 5685 and 5660
–
SBI :
—–
– The inside days have set up a powerful move in sbi and re-entry into a prev bal zone.
– Large volumes visible below prev support of 2850
-2772 and 2722 are supports on way down.
—————–
– sbi formed an irregular b with value of 2742 and 2706.
– below 2696, sbi can do 2640
– strength above 2752 will get SBi to 2772/ 2808
RIL :
– RIL continues to be weak below 1005.
– RIL formed an inside day around HVN of 976.
– 971 forms the lower extreme, below which it will visit 956.
– above 988, 999/ 1004 are possible.
—-
– RIl broke 2 day balance at 971
– poor lows at 960 would mean that it will revisit the area.
LT :
——-
LT has support at 1650
—
– Like SBI, LT had an inside day and broke supports this week.
– large volumes visible at 1605.
– below 1596, 1582/ 1567 are possible.
– 1555 is the final support for this leg down.
– above 1612, it can revist 1627 and 1642.
——
– LT had a good bounce off thye lows to finish higher
– 1614 would have to be maintained for the bounce to continue.
Broader market of Monday: The market operated in the value of friday mostly, in between POC and VAL closing near the VAL of friday
Bank Nifty :
– single prints at 12020 at the top.
– a selling tail off the open at 11920
——
– 11580 had the largest volumes and the region of 11580/ 11625 will resist all up moves
– below 11450, Bn can see 11366 and if that does not hold then 11280/250.
————-
– An open drive off the open at 11580, ended up taking the BN to well below 11250
– a b shaped profile at close.
-value area 11349-11253 holds the key to tomorrow’s movement.
– above vah, 11402/ 11480 possible.
– below 11237, 11157 can be done.
Nifty :
– single print selling from 5930 again today
——–
– Large volumes at 5760 and 5794
– above 5795, NF can move to 5823
– below 5764, lows of 5733 and 5702/14 can be seen again.
– a close above 5827 will pit NF on track for a 120 point moves to bal highs at 5948
– a close below 5714 will bring 5630/ 5570 next.
——
-mentioned levels of 5763, 5794, 5733, 5703 were all in play as open, high, IB low and day low respectively.
-above 5737, 5761 and 5786 are possible
-weakness below 5710, will bring 5685 and 5660
–
SBI :
—–
– The inside days have set up a powerful move in sbi and re-entry into a prev bal zone.
– Large volumes visible below prev support of 2850
-2772 and 2722 are supports on way down.
—————–
– sbi formed an irregular b with value of 2742 and 2706.
– below 2696, sbi can do 2640
– strength above 2752 will get SBi to 2772/ 2808
RIL :
– RIL continues to be weak below 1005.
– RIL formed an inside day around HVN of 976.
– 971 forms the lower extreme, below which it will visit 956.
– above 988, 999/ 1004 are possible.
—-
– RIl broke 2 day balance at 971
– poor lows at 960 would mean that it will revisit the area.
LT :
——-
LT has support at 1650
—
– Like SBI, LT had an inside day and broke supports this week.
– large volumes visible at 1605.
– below 1596, 1582/ 1567 are possible.
– 1555 is the final support for this leg down.
– above 1612, it can revist 1627 and 1642.
——
– LT had a good bounce off thye lows to finish higher
– 1614 would have to be maintained for the bounce to continue.
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