Profile charts for Monday- 21/11

Nifty Mp6 Profile Charts For Monday- 21/11

Nifty :

On Friday we had a normal distribution day in the markets with buyers and sellers both making a presence in equal quantities and moving the market in almost equal ranges.The close was a neutral extreme which showed some buyers willing to take a bit more control on the day compared to sellers. We need to see these buyers step up on Monday morning to take the market forward.

For the day, the seller moves the market from 4910 to 4845 off the open for a range of 65 points.This was followed by a buy reaction to 4913 measuring 67 points. This was followed by a move down to 4857 and finally  a close up from ther to 4924, again only 67 points.


From 5195 to 4945 yesterday, we have seen the bulls not manage to move the market beyond 67-70 points.

4887 is the POC and the area of the max distribution of volume throughout the day.

One time volume was distributed heavily at 4897 and 4916.

The heavy volumes from Thursday remain at 4927 and 4986. 4986 is the heaviest , one price volume  for the series.

Bank Nifty :

Bn Mp5 Profile Charts For Monday- 21/11


The BankNifty also had a balanced close yesterday, as it somehow managed to hold on to the HVN of 8694.

8705 to 8880 was a 175 point move by the buyers which was slightly smaller than the 200 point rise seen late on Wednesday between 8960 and 9160.

The largest volume distribution happened at 8778 which was the POC of the profile.

8972 has the highest one time volume for the series.

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