Profile charts for 22 nd August



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 Friday : A Balanced distribution



Bank Nifty :


Bank Nifty Mp214 Profile Charts For 22 Nd August


Back Ground : – Dominant seller at 10525.

Chart speak :

1) Profile in BN is starting to balance after a big sell-off
2) Auction was below the value area of Thursday
3) Value area of 9505- 9369 may have further auctions.

Nifty :


Nifty Mp10 Profile Charts For 22 Nd August





Background :

– Huge gap between 5325 and 5233 which is a single print seller.
– FA at 5014


Chartspeak :

– Profile is balanced with value area 4872- 4824
– gap of 4930-4902 remains as resistance point to upmoves
– prominent POC at 4848 may be visited again.

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