The Italics are the comments from yesterday and the previous days.
a Normal variation day on friday. Initaitive sellers at the open and responsive buyers at previous lows.
Bank Nifty :
————-
– The pull back rally high is 11150 ( adjusted for Mar).
– Poor lows at 10200
– Profile shows a strong seller at 10965 ( initiative) and minor responsive buying at 10775
– a break of 10780 tomorrow will invite fresh selling.
-10680 and 10560-20 are targets on the way down.
-above 10960 will see 11020
– positional sellers for march will get aggressive only below these levels
—————————
– Profile shows a seller again at the top similar to the profile of 10/ 3
– Pull back high is 10825/ 35 above which small longs can be considered for 10900
– VWAP for the series is 10800/ dpoc at 10800 also.
– a close vwap and dpoc are not great points for trade facilitation, hence opportunities would be less in BN
-The mkt failed to attract sellers below 10760 today.
– Today’s lows are the developing value low for the series.
Nifty :
————
– Buyers are holding the levels at 5304-5314, below which Nifty failed to auction today ( 28/2).
– Nifty profile has a weak structure with a seller at the top.
-sellers would return on closing below 5438 positionally.
– we had a balanced profile in the Nifty today
– we should get a vertical move out of today’s profile tomorrow
– exit of value and range will be the best trade opportunity
–vwap for the series is 5454.
– 5379/ 5420 are exit levels to watch for existing positions.
————-
– It was a normal variation day with range extension on the downside
– the balanced profile produced a 70 point downmove before buyers came back at the end of the session.
– vwap for the series is 5465 and the dpoc is at 5500 now.
– only a close above 5500 will eliminate some short term bearishness
SBI :
———
– Profile shows an initiative seller near 2674 today, but also responsive buyer to lower prices.
-there is a balance developing now between 2672 and 2612 below.
-vwap for the series is 2655 and developing point of control is 2638
– strong seller off the open ( 3rd mar) near vwap
– minor support at 2580 held
-below 2580 can see 2548/ 2514
downtrend will be broken only above 2652 now.
————
– -vwap for the series is 2640 and developing point of control is 2602 now
– price to continue movement towards 2620
RIL :
————–
– 966 represents upper end of the prior bracket, as also gap fill.
_RIL is forming another bracket between 966-1009.
-966 has served this market well and today’s short covering marked the visit to the upper end of the mentioned price level of 1010.
-today’s ( 9th Mar) balance area is 998-1008 and acceptance or rejection of this area should setup the next 20 point move in RIL.
—–
– still moving slowly made it’s way to 974 today.
– 965 still a support
a Normal variation day on friday. Initaitive sellers at the open and responsive buyers at previous lows.
Bank Nifty :
————-
– The pull back rally high is 11150 ( adjusted for Mar).
– Poor lows at 10200
– Profile shows a strong seller at 10965 ( initiative) and minor responsive buying at 10775
– a break of 10780 tomorrow will invite fresh selling.
-10680 and 10560-20 are targets on the way down.
-above 10960 will see 11020
– positional sellers for march will get aggressive only below these levels
—————————
– Profile shows a seller again at the top similar to the profile of 10/ 3
– Pull back high is 10825/ 35 above which small longs can be considered for 10900
– VWAP for the series is 10800/ dpoc at 10800 also.
– a close vwap and dpoc are not great points for trade facilitation, hence opportunities would be less in BN
-The mkt failed to attract sellers below 10760 today.
– Today’s lows are the developing value low for the series.
Nifty :
————
– Buyers are holding the levels at 5304-5314, below which Nifty failed to auction today ( 28/2).
– Nifty profile has a weak structure with a seller at the top.
-sellers would return on closing below 5438 positionally.
– we had a balanced profile in the Nifty today
– we should get a vertical move out of today’s profile tomorrow
– exit of value and range will be the best trade opportunity
–vwap for the series is 5454.
– 5379/ 5420 are exit levels to watch for existing positions.
————-
– It was a normal variation day with range extension on the downside
– the balanced profile produced a 70 point downmove before buyers came back at the end of the session.
– vwap for the series is 5465 and the dpoc is at 5500 now.
– only a close above 5500 will eliminate some short term bearishness
SBI :
———
– Profile shows an initiative seller near 2674 today, but also responsive buyer to lower prices.
-there is a balance developing now between 2672 and 2612 below.
-vwap for the series is 2655 and developing point of control is 2638
– strong seller off the open ( 3rd mar) near vwap
– minor support at 2580 held
-below 2580 can see 2548/ 2514
downtrend will be broken only above 2652 now.
————
– -vwap for the series is 2640 and developing point of control is 2602 now
– price to continue movement towards 2620
RIL :
————–
– 966 represents upper end of the prior bracket, as also gap fill.
_RIL is forming another bracket between 966-1009.
-966 has served this market well and today’s short covering marked the visit to the upper end of the mentioned price level of 1010.
-today’s ( 9th Mar) balance area is 998-1008 and acceptance or rejection of this area should setup the next 20 point move in RIL.
—–
– still moving slowly made it’s way to 974 today.
– 965 still a support
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