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 neutral day with spike into the close, ahead of a 2 day holiday
Bank Nifty :
Back Ground : – Dominant seller at 10525./
Chart speak :
1) auction in the 5 day value area from before
2) a spike into the close
3) acceptance above the spike can bring 9674 immediately
4) above 9674 is a low volume zone which can induce a quick short covering.
Nifty :
Background :
– Huge gap between 5325 and 5233 which is a single print seller.
Chartspeak :
1) 5082 and 5182 are next resistances
2) a minus development zone below 5845, is a SL for all swing longs
Broader Market of Tuesday : A neutral day with spike into the close, ahead of a 2 day holiday
Bank Nifty :
Back Ground : – Dominant seller at 10525./
Chart speak :
1) auction in the 5 day value area from before
2) a spike into the close
3) acceptance above the spike can bring 9674 immediately
4) above 9674 is a low volume zone which can induce a quick short covering.
Nifty :
Background :
– Huge gap between 5325 and 5233 which is a single print seller.
Chartspeak :
1) 5082 and 5182 are next resistances
2) a minus development zone below 5845, is a SL for all swing longs
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