Today’s updated comments are displayed in bold. Comments from yesterday and the previous days are above the bold print.
Broader market of Wednesday: A open below the value area of Tuesday, was met by selling which resulted in a Normal variation day today.
Bank Nifty :
————
– single prints at 12020 at the top.
– 11580 had the largest volumes and the region of 11580/ 11625 will resist all up moves
————
– BN operated within 10380 to 10460 for the most part-
– support came in at 10380 during afternoon sell-off
– a move above 10540 can bring 10620.
– below 10380, 10330/ 10292 are tgts.
————-
– BN formed a bell shaped curve and a second inside day
– 10450 and 10330 are the breakout ranges which should give 10518 or 10254.
Nifty :
– single print selling from 5930 again today
– Large volumes at 5760 and 5794
-5666/76 is pull back high and single prints and resistance for any upmoves
———-
– NF had a failed auction above 5412 today
– support came at 5360 during afternoon sell off
– 5408-5356 likely to be the range beyong which 5434/ 5330 possible
——-
– Nf formed a normal distribution today
– 5390-5289 is the broader range for May expiry
SBI :
——-
– SBI showed a seller at the top at 2358
– a break above 2358 should bring 2394
– the profile is developing a balance after the big move on 17/5
——-
– Sbi again had a seller at the top
– below 2228, 2209/ 2192/ 2172 will be done.
– resistance remains at 2266
——–
– SBI had a spike into the close
– we wait for price rejection acceptance of spike 2172-2199
– below 2171, it can reach 2152/ 2133 tomorrow.
RIL :
——–
– RIL remained within the b profile of 18/5
– a move above 926, should bring 931/ 938
– 906 is last support
——–
– RIL came back to auction in the b profile of 18/5
– below 907, 898 and 890 are possible
– 923 will resist upmoves.
———-
-RIL still operating in the b of 18/5
LT :
———
– LT also had a balanced profile, indicating another break of range to watch for
– 1519/ 1496 are initial resistance and support respectively
– above 1519, can see 1531 and 1543
– below 1496, 1485 and 1473
————–
– LT operated below the 1646 level and covered the single prints of 20/5
– 1602 is supp/ 1646 will resist gain
———–
– Lt below 1638 can see 1614
————-
– LT had a seller at the top
– 1592/ 1571 are supports tomorrow
– 1634 will resist
ICICI Bank :
————
-ICICI had a seller at 1039, who broke below 1020 HVN
– 987 is support for tomorrow
– 1025 will resist
———-
-iCICI had an inside day
– 1033-1014 is the operating range for tomorrow and a break either side can be traded
———–
– ICICI had a double inside day staying within the range of 23/5
-support is 985 on lower side
Broader market of Wednesday: A open below the value area of Tuesday, was met by selling which resulted in a Normal variation day today.
Bank Nifty :
————
– single prints at 12020 at the top.
– 11580 had the largest volumes and the region of 11580/ 11625 will resist all up moves
————
– BN operated within 10380 to 10460 for the most part-
– support came in at 10380 during afternoon sell-off
– a move above 10540 can bring 10620.
– below 10380, 10330/ 10292 are tgts.
————-
– BN formed a bell shaped curve and a second inside day
– 10450 and 10330 are the breakout ranges which should give 10518 or 10254.
Nifty :
– single print selling from 5930 again today
– Large volumes at 5760 and 5794
-5666/76 is pull back high and single prints and resistance for any upmoves
———-
– NF had a failed auction above 5412 today
– support came at 5360 during afternoon sell off
– 5408-5356 likely to be the range beyong which 5434/ 5330 possible
——-
– Nf formed a normal distribution today
– 5390-5289 is the broader range for May expiry
SBI :
——-
– SBI showed a seller at the top at 2358
– a break above 2358 should bring 2394
– the profile is developing a balance after the big move on 17/5
——-
– Sbi again had a seller at the top
– below 2228, 2209/ 2192/ 2172 will be done.
– resistance remains at 2266
——–
– SBI had a spike into the close
– we wait for price rejection acceptance of spike 2172-2199
– below 2171, it can reach 2152/ 2133 tomorrow.
RIL :
——–
– RIL remained within the b profile of 18/5
– a move above 926, should bring 931/ 938
– 906 is last support
——–
– RIL came back to auction in the b profile of 18/5
– below 907, 898 and 890 are possible
– 923 will resist upmoves.
———-
-RIL still operating in the b of 18/5
LT :
———
– LT also had a balanced profile, indicating another break of range to watch for
– 1519/ 1496 are initial resistance and support respectively
– above 1519, can see 1531 and 1543
– below 1496, 1485 and 1473
————–
– LT operated below the 1646 level and covered the single prints of 20/5
– 1602 is supp/ 1646 will resist gain
———–
– Lt below 1638 can see 1614
————-
– LT had a seller at the top
– 1592/ 1571 are supports tomorrow
– 1634 will resist
ICICI Bank :
————
-ICICI had a seller at 1039, who broke below 1020 HVN
– 987 is support for tomorrow
– 1025 will resist
———-
-iCICI had an inside day
– 1033-1014 is the operating range for tomorrow and a break either side can be traded
———–
– ICICI had a double inside day staying within the range of 23/5
-support is 985 on lower side
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