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 Monday : A neutral day
Bank Nifty :
Back Ground : – Dominant seller at 10525.
Chart speak :
1) Profile in BN is starting to balance after a big sell-off, for the second day in a row
2) poor highs at 9475
3) reasonable buying tail at 9235
Nifty :
Background :
– Huge gap between 5325 and 5233 which is a single print seller.
– FA at 5014
Chartspeak :
– poor highs
– failed auction at 4816
– structure not strong with a dpoc at the bottom indicating short covering rather than genuine buying.
Broader Market of Monday : A neutral day
Bank Nifty :
Back Ground : – Dominant seller at 10525.
Chart speak :
1) Profile in BN is starting to balance after a big sell-off, for the second day in a row
2) poor highs at 9475
3) reasonable buying tail at 9235
Nifty :
Background :
– Huge gap between 5325 and 5233 which is a single print seller.
– FA at 5014
Chartspeak :
– poor highs
– failed auction at 4816
– structure not strong with a dpoc at the bottom indicating short covering rather than genuine buying.
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