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 Friday : Another neutral day with spike into the close, ahead of the weekend
Bank Nifty :
Back Ground : – Dominant seller at 10525./
Chart speak :
1) No real change from the chart posted here on Tuesday
2) Buyer picked up the market from the previous day’s POC
3) 9674 continues to be resistance
Nifty :
Background :
– Huge gap between 5325 and 5233 which is a single print seller.
Chartspeak :
1) We are watching the composite profile from 12th Aug to 25th aug for signs of the next auction.
2) Resiatnce is clearlt at 5080 where the seller is expected to show
3) Support will be seen at 4875.
Broader Market of Friday : Another neutral day with spike into the close, ahead of the weekend
Bank Nifty :
BN Sept futures |
Back Ground : – Dominant seller at 10525./
Chart speak :
1) No real change from the chart posted here on Tuesday
2) Buyer picked up the market from the previous day’s POC
3) 9674 continues to be resistance
Nifty :
Nifty Sept Fut |
Background :
– Huge gap between 5325 and 5233 which is a single print seller.
Chartspeak :
1) We are watching the composite profile from 12th Aug to 25th aug for signs of the next auction.
2) Resiatnce is clearlt at 5080 where the seller is expected to show
3) Support will be seen at 4875.
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