Profile charts for 16th Feb

Bank Nifty :



– A DD day with close above yesterday’s HVN at 10900
– 2 day profile shows a better symmetery and signs of continuation.
– 11140 and 11450 remain upside targets
-10856 is immediate support.
– SL at 10680-10650 for the new trend

Nifty :



-Profile of today not having symmetry
-May rotate towards 5436
-5577 is price objective on the upside
-5370 becomes trend change level.

SBI :



-profile not very balanced.
-can rotate back to test 2705
-above 2754 can see 2787.

RIL :



-price still in upper part of the bracket.
-a liitle more consolidation btw 940-950 should give an easy 20 points to 970.

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