The Italics are the comments from yesterday and the previous days.
Broader market of Wednesday :An initiative buyer at the open was met by a responsive seller who took the markets near yesterday’s VAL before an open auction occurred.
Bank Nifty :
————–
– 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.
———–
– BN hit a low of 11733 again today.
– single prints of yesterday at 11885-11920 remain
– 11847-11720 is the distribution area of today.
Nifty :
————
– the region of 5790 has a single print buyer
– 5770/ 5790 is a big support zone for the market
——————
– 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.
——————-
– 5896 to 5857 is the expected area of distribution tomorrow,
– above 5940 can reach 5976/ 6015.
SBI :
————–
– SBI can target 2843/ 2860 if it stays above 2808 tomorrow.
– 2799 reverses all downside possibilities
– however a failure would bring 2766 again
————
– 2766 is support for the uptrend to continue to 2864.
RIL :
– 1025 is support on the way to 1091.
LT :
——–
– LT is balancing between 1635 and 1705
—-
– still between 1635 and 1705.
Broader market of Wednesday :An initiative buyer at the open was met by a responsive seller who took the markets near yesterday’s VAL before an open auction occurred.
Bank Nifty :
————–
– 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.
———–
– BN hit a low of 11733 again today.
– single prints of yesterday at 11885-11920 remain
– 11847-11720 is the distribution area of today.
Nifty :
————
– the region of 5790 has a single print buyer
– 5770/ 5790 is a big support zone for the market
——————
– 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.
——————-
– 5896 to 5857 is the expected area of distribution tomorrow,
– above 5940 can reach 5976/ 6015.
SBI :
————–
– SBI can target 2843/ 2860 if it stays above 2808 tomorrow.
– 2799 reverses all downside possibilities
– however a failure would bring 2766 again
————
– 2766 is support for the uptrend to continue to 2864.
RIL :
– 1025 is support on the way to 1091.
LT :
——–
– LT is balancing between 1635 and 1705
—-
– still between 1635 and 1705.
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