The Italics are the comments from yesterday and the previous days.
Broader market of Monday : The market formed an inside day today with a spike into the close. Acceptance below this spike will be confirmation of a new auction.
Bank Nifty :
——————
– 11935 and 11990/ 12023 will resist tomorrow.
– single prints btw 11960-11990
————–
– A move above 11977 should bring 12026 and 12075
– 11880 is the first support for tomorrow.
——–
– BN ran into resistance at 12025 and formed single prints
– today’s resistance level may extend to 12066.
-11881 is support, below which 11834/ 11788 is possible.
Nifty :
———-
– No excess at close is reason for continuity to 5910/ 5958
– Break out zone of 5814 is support
—-
– Nifty had an open profile with close at the centre. A neutral centre day.
– Strength above 5926 tomorrow
– targets 5946/53 and 5980 on upside
-5872/ 5846 are supports
—–
– a Inside day in NF with spike into the close.
– acceptance below the spike low and 5871 will bring 5851 and a possible 5831.
– above 5910- levels of 5930/ 50 are possible
SBI :
—
– a fresh upmove will begin above 2887
——-
– An intra day move above 2892 will bring 2929.
– support is at 2837
———-
– SBI showed single prints at top and bottom, but consolidated in between.
– staying above 2925, sbi can once again do 2972 and reach 3018 also.
– lower support is at 2879
RIL :
—————
– RIl still in a bracket with 1058 as upper limits
– can target 1044/ 1052 tomorrow.
– support at 1022.
————
– A close above 1058 in RIL can bring 1079/ 1099/ 1120
– support is at 1036.
—-
– RIL continues it’s movement in the bracket.
– 1003 has to be reached on lower side.
LT :
– LT has shown responsive buying at 1665 for 2 days now.
————
– LT got buyers again at 1665
– LT has moved now in a 120 point range btw 1777-1654 for this series
– Above 1737 shoould target 1766/ 1795 again
—–
– LT had a good buying tail at 1700 off the open.
-tgts of 1766 remain on upside.
Broader market of Monday : The market formed an inside day today with a spike into the close. Acceptance below this spike will be confirmation of a new auction.
Bank Nifty :
——————
– 11935 and 11990/ 12023 will resist tomorrow.
– single prints btw 11960-11990
————–
– A move above 11977 should bring 12026 and 12075
– 11880 is the first support for tomorrow.
——–
– BN ran into resistance at 12025 and formed single prints
– today’s resistance level may extend to 12066.
-11881 is support, below which 11834/ 11788 is possible.
Nifty :
———-
– No excess at close is reason for continuity to 5910/ 5958
– Break out zone of 5814 is support
—-
– Nifty had an open profile with close at the centre. A neutral centre day.
– Strength above 5926 tomorrow
– targets 5946/53 and 5980 on upside
-5872/ 5846 are supports
—–
– a Inside day in NF with spike into the close.
– acceptance below the spike low and 5871 will bring 5851 and a possible 5831.
– above 5910- levels of 5930/ 50 are possible
SBI :
—
– a fresh upmove will begin above 2887
——-
– An intra day move above 2892 will bring 2929.
– support is at 2837
———-
– SBI showed single prints at top and bottom, but consolidated in between.
– staying above 2925, sbi can once again do 2972 and reach 3018 also.
– lower support is at 2879
RIL :
—————
– RIl still in a bracket with 1058 as upper limits
– can target 1044/ 1052 tomorrow.
– support at 1022.
————
– A close above 1058 in RIL can bring 1079/ 1099/ 1120
– support is at 1036.
—-
– RIL continues it’s movement in the bracket.
– 1003 has to be reached on lower side.
LT :
– LT has shown responsive buying at 1665 for 2 days now.
————
– LT got buyers again at 1665
– LT has moved now in a 120 point range btw 1777-1654 for this series
– Above 1737 shoould target 1766/ 1795 again
—–
– LT had a good buying tail at 1700 off the open.
-tgts of 1766 remain on upside.
[learn_press_profile]