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 : Another neutral day in the markets with equal control by buyers and sellers in the day time frame.The shorts from Friday did not cover their positions today and these wasn’t longer time frame influence in the markets either.The net orderflow continued to build a short picture.
From a profile perspective, we are watching these neutral days very closely.
Neutral days when they resolve give rise to Normal variation or trend days, as one party takes a back seat and the other party gains the upper hand ( momentum)
Bank Nifty :
Back Ground : – Dominant seller at 10525./
Chart speak from Friday :
1) BN had a selling tail from the prominent POC of 9800
2) The Index put in a neutral day with a seller above and a buying tail below.
3) Above the HVN of 9800, the index can once again attempt 10025
4) Trend will be on the positive side as long as 9620-9675 hold during the week
Today’s charts :
1) BN had a seller off the open and operated mainly below PP0 toward PS1
2) Today’s day was a random non trend day
3) Such days are marked by the absence of longer time frame players who are on sidelines waiting for news announcement or a resolution to jump in the market
4) 9415 & 9716 continue to be on watch for signs of change happening.
Nifty :
Background :
– Huge gap between 5325 and 5233 which is a single print seller.
Chart speak from Friday :
1) The day was auctioned at the previous HVN of 5118
2) Support at 4975 barely held, but the seller was prominent above in the previous sell zone
3) Trend for the week remains positive s long as 5030 is held.
Today’s charts :
1) Like in BN, we see a thick short profile as the market prepares to move closer to a big trending move.
2) A close above 5118 and below 4932 will serve as confirmation.
3) Longer time frame players were missing from the market.
Broader Market of Monday : Another neutral day in the markets with equal control by buyers and sellers in the day time frame.The shorts from Friday did not cover their positions today and these wasn’t longer time frame influence in the markets either.The net orderflow continued to build a short picture.
From a profile perspective, we are watching these neutral days very closely.
Neutral days when they resolve give rise to Normal variation or trend days, as one party takes a back seat and the other party gains the upper hand ( momentum)
Bank Nifty :
Back Ground : – Dominant seller at 10525./
Chart speak from Friday :
1) BN had a selling tail from the prominent POC of 9800
2) The Index put in a neutral day with a seller above and a buying tail below.
3) Above the HVN of 9800, the index can once again attempt 10025
4) Trend will be on the positive side as long as 9620-9675 hold during the week
Today’s charts :
1) BN had a seller off the open and operated mainly below PP0 toward PS1
2) Today’s day was a random non trend day
3) Such days are marked by the absence of longer time frame players who are on sidelines waiting for news announcement or a resolution to jump in the market
4) 9415 & 9716 continue to be on watch for signs of change happening.
Nifty :
Background :
– Huge gap between 5325 and 5233 which is a single print seller.
Chart speak from Friday :
1) The day was auctioned at the previous HVN of 5118
2) Support at 4975 barely held, but the seller was prominent above in the previous sell zone
3) Trend for the week remains positive s long as 5030 is held.
Today’s charts :
1) Like in BN, we see a thick short profile as the market prepares to move closer to a big trending move.
2) A close above 5118 and below 4932 will serve as confirmation.
3) Longer time frame players were missing from the market.
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