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 trend day with sellers in complete control and leaving a big gap between 5062 and 5113
Bank Nifty :
Back Ground : – Dominant seller at 10525./
Chart speak from Wednesday :
1) The BN auctioned above VAH all day
2) Large volumes at 9898 may decide the next auction
3) There is also huge volumes below at 9674
4) A break away move should begin above 10024
Today’s charts :
1) Poor lows at 9467 which means that the day’s auction did not complete and a probe lower should come
2) HVN at 9415 is support
3) Single prints at 9548 will be visited in next 2-3 sessions.
Nifty :
Background :
– Huge gap between 5325 and 5233 which is a single print seller.
Chart speak from Monday :
2) The market stayed above the previous HVN of 5110
3) A fresh auction can bring above 5175.
4) Lower support will be at 5094.
Today’s charts :
1) 4947/ 5004 are single prints and should be seen again
2) 4875 is support.
Broader Market of Thursday : A trend day with sellers in complete control and leaving a big gap between 5062 and 5113
Bank Nifty :
Back Ground : – Dominant seller at 10525./
Chart speak from Wednesday :
1) The BN auctioned above VAH all day
2) Large volumes at 9898 may decide the next auction
3) There is also huge volumes below at 9674
4) A break away move should begin above 10024
Today’s charts :
1) Poor lows at 9467 which means that the day’s auction did not complete and a probe lower should come
2) HVN at 9415 is support
3) Single prints at 9548 will be visited in next 2-3 sessions.
Nifty :
Background :
– Huge gap between 5325 and 5233 which is a single print seller.
Chart speak from Monday :
2) The market stayed above the previous HVN of 5110
3) A fresh auction can bring above 5175.
4) Lower support will be at 5094.
Today’s charts :
1) 4947/ 5004 are single prints and should be seen again
2) 4875 is support.
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