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 Monday : A normal variation day with a range extension below IB. A gap open which did not fill during the day’s auction
Bank Nifty :
Back Ground : – Dominant seller at 10525./
Chart speak :
1) A gap down open from the broken 9690 region.
2) Auction is between two HV”s at 9490 and 9198
3) The gap is a single print seller
4) The area above the gap( 9625-9842) is now a minus development zone and may be visited again
5) There is also another minus development region below 9120
Nifty :
Background :
– Huge gap between 5325 and 5233 which is a single print seller.
Chartspeak :
1) a Gap down open, which is a single print seller
2) Auction between two HVN’s at 4974 and 4875
3) Auction also in the larger value area of the composte profile and may target 4831 on the lower side
4) A gap fill trade above 4979 can bring 5043.
Broader Market of Monday : A normal variation day with a range extension below IB. A gap open which did not fill during the day’s auction
Bank Nifty :
Back Ground : – Dominant seller at 10525./
Chart speak :
1) A gap down open from the broken 9690 region.
2) Auction is between two HV”s at 9490 and 9198
3) The gap is a single print seller
4) The area above the gap( 9625-9842) is now a minus development zone and may be visited again
5) There is also another minus development region below 9120
Nifty :
Background :
– Huge gap between 5325 and 5233 which is a single print seller.
Chartspeak :
1) a Gap down open, which is a single print seller
2) Auction between two HVN’s at 4974 and 4875
3) Auction also in the larger value area of the composte profile and may target 4831 on the lower side
4) A gap fill trade above 4979 can bring 5043.
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