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 : Another neutral day , but the range extensions were successful on both sides.
Bank Nifty :
Back Ground : – Dominant seller at 10525./
Chart speak :
1) Price closed at the HVN of 18th Aug
2) some short covering expected above today’s close as the region is a low volume “fast movement” zone
Nifty :
Background :
– Huge gap between 5325 and 5233 which is a single print seller.
Chartspeak :
1) price closed just below the upper bell distribution of the composite profile
2) today’s movement showed poor lows at the bottom.
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