Profile charts for 6th Apr

The Italics are the comments from yesterday and the previous days.

Broader market of Tuesday :An initiative seller at the open was met by a responsive buyer near the previous day’s POC to leave the index little changed on EOD basis

Bank Nifty :

Bank Nifty Mp2 Profile Charts For 6Th Apr

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– BN formed a Double distribution day
– single prints from 11805 to 11770 are now support
– above 11978 can reach 12038/ 12098 tomorrow.
– 11918 is the crucial level for tomorrow’s trade.


————–
– BN stayed below 11918 all day today
– 11825 is the key level tomorrow, below which we visit 11729 again and 11920 possible above it.
– single prints at 11880-11920 signify a seller being present
– below 11720, hvn at 11650 can support.


Nifty :

Nifty Mp11 Profile Charts For 6Th Apr


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– the region of 5790 has a single print buyer
– 5770/ 5790 is a big support zone for the market, below which 5722/ 5650 are possible.
———-
– inside day broke to the upside
– momentum of the break out carried it well past our estimate of 5916 towards 5956.
– DD in NF with single prints at 5905 providing support
– 5959 is the critical level above which NF can reach 5986/ 6013.

——————

– NF stayed below 5959 all day
– 5907 is the key level again.
– 5869/ 5830 are possible below 5907
– 5946/ 5985 if it remains above 5907.



SBI :

Sbi11 Profile Charts For 6Th Apr
—————

– SBi took support near 2739, which turned out to be the low of the day
– By the close it had covered the single prints of 1/ 4 .
– 2799 is crucial for reversing all downside possibilities.
– can hit 2814/ 2829 above 2799

————–

– SBI can target 2843/ 2860 if it stays above 2808 tomorrow.
– 2799 reverses all downside possibilities
– however a failure would bring 2756 again



RIL :

Reliance11 Profile Charts For 6Th Apr

————-

– uptrend is definitely on and 1091/ 1122 should be seen with stop at 1027 from current levels
– for tomorrow staying above 1062, RIL can hit 1082/92.

———
– RIL did not move above 1062 today.
– 1048 is the critical level tomorrow
= 1034 and 1061 possible either side of 1048



LT :

Lt Mp11 Profile Charts For 6Th Apr

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– LT is balancing between 1635 and 1705
—-
– LT is showing signs of breaking out towards 1787 now.
– a close above 1709 tomorrow would confirm it.
– sl for break out is 1685 from current levels.


—-

– LT did not break out today
– 1670 determines the bias for tomorrow
– 1705/ 1635 possible either side.

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