Band Squeezing

GLS

SL TODAY'S LOW

#UDEGA

JCHAC 20% Upper Circuit , will still go above 2000+++ level ,

15.70 + high

6700 target

So the first possibility happened but I am not looking now for 48350..

49040 to 49108 is resistance Banknifty

Gold: 24th May

Gold been on selling spree since last 4 sessions.
We have good selling tail from open and PD has a poor low. NY Session opening and sustaining above 2235 might see rotation back towards 2345 - 2352.
Else, 2318 - 2308 is a good support zone.

Crude: On selling spree since last 4 sessions.
ON value area overlapping to PD value area
~100% inventory is short (below PD close)
As per Dalton ~70% of the times watchout for counterauction: i.e. rotation upwards.
Movement above PD close (77) and then ON high (77.08) might see crude knocking at 77.62 levels: here the trapped longs might provide liquidity.
Clearing this zone opens the targets at 78 and then 78.4 - 78.65

If counterauction, i.e. upward rotation is not seen that would mean crude continues to be weak. I would then look for 76.5 - 76 as support zones.

ES: 24th May

24th May ES Analysis:

Following a significant liquidation, overnight trading appears to have consolidated above the previous day’s close. With the inventory 100% long (i.e., all trading activity occurred above the previous day’s close), historical data suggests that approximately 70% of the time, we see a counterauction. Thus, it will be interesting to observe how the New York session opens.

Key Levels to Watch:
Downside:

VPOC at 5298:

Any movement below this level will likely find support at:
5295 Levels: A crucial support level just below VPOC.
Poor Low at 5286: This level is weak and may get tested.
Previous Day Low at 5273: Clearing this level could lead to further declines.
Singles Zone at 5265 - 5260: This area could act as a significant support if the price dips further.

Upside:

Monstrous Singles Zone from 5302 - 5315: This zone represents a significant resistance area that the price will need to clear for further upward movement.

Summary:

The overnight inventory being 100% long typically indicates a high likelihood of a counterauction.
Support levels to watch are 5298, 5295, 5286, 5273, and the singles zone between 5265 - 5260.
On the upside, clearing the singles zone between 5302 - 5315 is critical for any substantial upward move.

BNF 50000 CE 68-97 Closed in Range.
Astrazen 6129 High 4.75%
JCHAC 1486 20% Upper Circuit


next week Will focus on Maruti , IOB , SBIN will update the cancle orders and fresh new orders :)

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#Banknifty example

AxisBank Strong Above 1177

Central Bank of India Strong Above 67.20

HUHTAMAKI Strong Above 311