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 Tuesday : A normal variation day which did three tines the IB and closed near the highs.
Bank Nifty :
Back Ground : – Dominant seller at 10525./
Chart speak from Monday :
1) Still no long term excess visible on charts
2) Dominant trend remains in force
3) Value created sideways and POC remained sideways.
Today’s charts :
1) resistance defined at 9772 and 9884
Nifty :
Background :
– Huge gap between 5325 and 5233 which is a single print seller.
Chart speak from Monday :
1) A neutral day
2) Value shifted lower
3) Dpoc was at the previous HVN of 4875
4) If 4875 holds, another move to the previous HVN of 4937 cannot be ruled out
5) Above 4947, the weak profile upto 5004 will be tested.
6) Support remains at 4839/4854
Today’s charts :
1) Profile was in the lower part of the profile of last friday
2) gap area of 4962-5013 is a invisible selling print
Broader Market of Tuesday : A normal variation day which did three tines the IB and closed near the highs.
Bank Nifty :
Back Ground : – Dominant seller at 10525./
Chart speak from Monday :
1) Still no long term excess visible on charts
2) Dominant trend remains in force
3) Value created sideways and POC remained sideways.
Today’s charts :
1) resistance defined at 9772 and 9884
Nifty :
Background :
– Huge gap between 5325 and 5233 which is a single print seller.
Chart speak from Monday :
1) A neutral day
2) Value shifted lower
3) Dpoc was at the previous HVN of 4875
4) If 4875 holds, another move to the previous HVN of 4937 cannot be ruled out
5) Above 4947, the weak profile upto 5004 will be tested.
6) Support remains at 4839/4854
Today’s charts :
1) Profile was in the lower part of the profile of last friday
2) gap area of 4962-5013 is a invisible selling print
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