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 with a range extension on lower side signifying the re-entry of sellers.
Bank Nifty October series :
Background :
1) 4 day value area from 27/9 to 30/9 broken down.
2) Market moving below the previous HVN of 9380
3) A big seller at 9380
Monday’s Charts :
1) A p shaped profile with a spike into the close
2) Acceptance above spike high is bullish
3) Overhead seller at 9370-80 will resist up moves
4) 9170 single print in the middle of the profile is an anomaly and should be taken out
5) Today’s close is at the Virgin POC of 3/10 and 4/10 at 9200 approx..
Tuesday’s Charts :
1) A normal variation day with lower side extension
2) HVN of 9373 was tagged and the previous seller showed up again
3) A DD shaped profile which closed near the previous POC
Nifty Future October series:
Background :
1) 4 day value area from 27/9 to 30/9 broken down.
2) Market moving below the previous HVN of 4896
3) FA from 4814 revisited and new auction tracked below it.
Monday’s charts :
1) The market moved decisively in the previous bracket ( blue rectangle)
2) 5046 which is the bracket high is target 1 for this move
3) No big buying prints at the base of today’s move, though a gap area remains upto 4844-4873
4) The gap is considered to be buying
5) We had a spike into the close
6) 4986 is an anomaly and needs to be taken out.
Tuesday’s charts :
1) A NV day
2) Selling by day time frame but no excess at the top
3) range movement looks to continue.
Broader Market of Tuesday: A normal variation day with a range extension on lower side signifying the re-entry of sellers.
Bank Nifty October series :
Background :
1) 4 day value area from 27/9 to 30/9 broken down.
2) Market moving below the previous HVN of 9380
3) A big seller at 9380
Monday’s Charts :
1) A p shaped profile with a spike into the close
2) Acceptance above spike high is bullish
3) Overhead seller at 9370-80 will resist up moves
4) 9170 single print in the middle of the profile is an anomaly and should be taken out
5) Today’s close is at the Virgin POC of 3/10 and 4/10 at 9200 approx..
Tuesday’s Charts :
1) A normal variation day with lower side extension
2) HVN of 9373 was tagged and the previous seller showed up again
3) A DD shaped profile which closed near the previous POC
Nifty Future October series:
Background :
1) 4 day value area from 27/9 to 30/9 broken down.
2) Market moving below the previous HVN of 4896
3) FA from 4814 revisited and new auction tracked below it.
Monday’s charts :
1) The market moved decisively in the previous bracket ( blue rectangle)
2) 5046 which is the bracket high is target 1 for this move
3) No big buying prints at the base of today’s move, though a gap area remains upto 4844-4873
4) The gap is considered to be buying
5) We had a spike into the close
6) 4986 is an anomaly and needs to be taken out.
Tuesday’s charts :
1) A NV day
2) Selling by day time frame but no excess at the top
3) range movement looks to continue.
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