Profile charts dt 07/08/15

The highest volumes and the range of the auction today was in the first 10 minute period and thereafter it was a drift. Both our hypos did not activate in Nifty and the volume of 56 L would explain. Charts are below :

Levels and Plan for 07th Aug

We spoke about a bias at 8588F in yesterday’s post and the jump above that prominent POC came later afternoon taking the market to 8642 supply. EOD data showed pros selling into the rise but when they liquidate tomorrow that bias above 8588 will remain intact.