The Italics are the comments from yesterday and the previous days.
Broader market of Monday : A balanced profile at the top of the range indicated a market searching for new value over the short term.
Bank Nifty :
————
– We are strongly above the pull back high of 11150
– value for the series is 11025-10800-10720.. strongly above vah.
– 11315 and 11350 needs to hold on any pullback, if uptrend has to continue.
– below 11315 we may revisit 11200.
– 11540 and 11600 are targets above 11480 tomorrow.
————–
– single prints from 11400 to 11510 ( 11335 is a bad tick with no volume)
– below 11500 this market can cover all those single prints to 11415
– above 11620, BN can touch 11696 tomorrow
Nifty :
——————-
– 5405-5495-5545 are series values
– 5651/5642 must hold on any pullback tomorrow for uptrend to continue
– below 5642, we can see 5611/ 5590 again
– above 5690, uptrend can reach a possible 5800 by expiry day.
—-
– full view on http://www.vtrender.com/2011/03/profile-charts-of-today.html
SBI :
– above 2729, the market can touch HVN near 2753 and further strength above HVN can bring 2777.
– 2703 must hold tomorrow for uptrend to continue.
————
– single prints from 2714 to 2726
– 2753 is a previous HVN above which 2798 is still on cards.
RIL :
———————
– almost at top of single print at 1039.
– has to stay above 1022 tomorrow.
———-
– In RIL the single print from 18/ 3 has been retraced completely.
– Intra longs above 1040 can bring 1052 and 1063.
LT :
—
– 1503 seems to be a support as it has single prints for second day today.
– Good bal profile developing above 1503 which can target 1569 on the upside.
– HVN of 1615 was touched at close.
-strength above HVN can give 1623/ 1636.
– failure will bring 1586 on a move below 1599.
———-
– 1609 is immediate support now.
– 1692 is the next target
Broader market of Monday : A balanced profile at the top of the range indicated a market searching for new value over the short term.
Bank Nifty :
————
– We are strongly above the pull back high of 11150
– value for the series is 11025-10800-10720.. strongly above vah.
– 11315 and 11350 needs to hold on any pullback, if uptrend has to continue.
– below 11315 we may revisit 11200.
– 11540 and 11600 are targets above 11480 tomorrow.
————–
– single prints from 11400 to 11510 ( 11335 is a bad tick with no volume)
– below 11500 this market can cover all those single prints to 11415
– above 11620, BN can touch 11696 tomorrow
Nifty :
– 5405-5495-5545 are series values
– 5651/5642 must hold on any pullback tomorrow for uptrend to continue
– below 5642, we can see 5611/ 5590 again
– above 5690, uptrend can reach a possible 5800 by expiry day.
—-
– full view on http://www.vtrender.com/2011/03/profile-charts-of-today.html
SBI :
– above 2729, the market can touch HVN near 2753 and further strength above HVN can bring 2777.
– 2703 must hold tomorrow for uptrend to continue.
————
– single prints from 2714 to 2726
– 2753 is a previous HVN above which 2798 is still on cards.
RIL :
– almost at top of single print at 1039.
– has to stay above 1022 tomorrow.
———-
– In RIL the single print from 18/ 3 has been retraced completely.
– Intra longs above 1040 can bring 1052 and 1063.
LT :
—
– 1503 seems to be a support as it has single prints for second day today.
– Good bal profile developing above 1503 which can target 1569 on the upside.
– HVN of 1615 was touched at close.
-strength above HVN can give 1623/ 1636.
– failure will bring 1586 on a move below 1599.
———-
– 1609 is immediate support now.
– 1692 is the next target
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