The Prime Levels for tomorrow are possible areas of demand and supply and the same are uploaded in an excel sheet here.
Broader Market of Thursday : A normal variation day with a range extension above IB High
Bank Nifty :
Back Ground : – Dominant seller at 10525./
Chart speak :
1) BN chose to build a profile in the previous ” fast movement” zone.
2) 10025 remains a target for the BN.
Nifty :
Background :
– Huge gap between 5325 and 5233 which is a single print seller.
Chartspeak :
1) auction reached a high of 5174 today
2) the 2 day sideways base built, now projects a target of 5235.
Broader Market of Thursday : A normal variation day with a range extension above IB High
Bank Nifty :
Back Ground : – Dominant seller at 10525./
Chart speak :
1) BN chose to build a profile in the previous ” fast movement” zone.
2) 10025 remains a target for the BN.
Nifty :
Background :
– Huge gap between 5325 and 5233 which is a single print seller.
Chartspeak :
1) auction reached a high of 5174 today
2) the 2 day sideways base built, now projects a target of 5235.
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