Profile charts for 10th June

The Power Levels for tomorrow are possible areas of demand and supply and the same are uploaded in an excel sheet here.

Whilst using the OrderFlow charts, it is necessary to book profits at each of the levels mentioned. Thus a BUY signal can be booked at the closest PR1, PR2, PR3 with every preceding level becoming a stop loss for the existing order. Depending on how the smaller OF reacts , one can re-iniitaite the booked order

All levels are taken from that excel sheet. We will discuss auction theory, role of buyers and sellers and market structure in these next few lines.

Today’s updated comments are displayed in bold. Comments from yesterday and the previous days are above the bold print.

Broader market of Thursday: Another neutral day with a balanced profile in NF.Range break may be around the corner.

Bank Nifty :

Bank Nifty Mp251 Profile Charts For 10Th June

– BN has got a selling tail at top and poor low below
– the poor low of 10750 has to be visited and rectified
– profile of today filled the single prints of yesterday after being rejected near the POC
– 10700 is an HVN and good support below today’s lows
– Profile continues to show minor selling tail at top and poor lows at bottom
– 2 day structure is still incomplete at the lows with no signs of excess.

Nifty :

Nifty Mp31 Profile Charts For 10Th June

– the region of 5590 is the upper value area as well as weekly value high from last week. This will be watched for further auction
– a balanced profile in NF would mean that break of the range is imminent
– exit of value is a proper strategy for tomorrow with a stop just below the edge of value.


Sbi Mp31 Profile Charts For 10Th June

– SBI had open drive from 2304 single prints
– Minor seller at the top near 2342
– SBI had a b shape profile indicating long liquidation
– 2286 and 2270 are the value areas and imp to see where the next auction takes place (above or below)
– the b may also indicate that step 4 vertical move may be beginning again in sbi


Ril Mp4 Profile Charts For 10Th June

– OTF buying in RIL from 938 to 947
– 964 is an hvn from friday last
– 979/ 1003 are the HVN’s abv 964
– RIL stayed abv the single prints at 947 mentioned yesterday
– 964 is an HVN which will resist upmoves
– RIL was stuck today again between 964 HVN and 947 single prints
– there’s an easy 10-17 points either side to 979 or 930 intra day or in 2 sessions

LT :

Lt Mp4 Profile Charts For 10Th June

– Minor seller near 1730 at open
– fairly balanced distribution in the value area of yesterday
– inside day
– LT had poor highs but high volume near the top
– 1740 represents the top of the recent 4 day trading range
– single print buyers at base of profile for the 4th day in a row would indicate that a break up upside is imminent

ICICI Bank :

Icici Mp4 Profile Charts For 10Th June

– Minor single prints from 1052 to 1059
– distribution in the upper part of yesterday’s profile
– ICICI profile of today shows an incomplete distribution.
– profile of yesterday was balanced today
– overall past 3 days confined to the profile of 6/6 which has a poor low around 1039
– inside day today

Tata Motors :

Tata Motors1 Profile Charts For 10Th June

– 3 day structure is looking like a b in TTM
– Unlike NF/ Bn and others, TTM did not auction in the upper part of friday’s distribution.
– Tata Motors filled the single prints of 3/6 profile but was not able to carry momentum upwards
– tata motors has a seller at the open for the past 7 in 10 days
– since results day, most of the profiles have been b which indicate longs moving out
– a close above vah will confirm a minor change in short term trend