Profile charts for 12 th August

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

The most important number to watch in the sheet is Prime Point Zero or (PP0) which is the level where the market is neutral for the day.A market below PP0 and moving lower is a weak market intraday and vice versa.A BUY signal can be booked at the closest PR1, PR2, PR3 and a sell signal at PS1, PS2 or PS3.

Broader Market of Thursday : A broade thick profile on lower volume. An inside day in the Nifty.



Bank Nifty :






Back Ground : – Huge unfilled gap between 10525 to 10380 is a dominant seller

Chart speak :


1) The gap mentioned above was filled, but the seller stepped in again and closed the index at the lows
2) Spike into the close- acceptance at the open below the spike lows is bearish
3) profile shows normal distribution and rotation in value area.


Nifty :






Background : – Huge gap between 5325 and 5233 which is a single print seller.
– A failed auction at 5233
– single print buying from 4950 to 5010

Chartspeak :

– Inside day
– distribution was random
– this kind of profile generally sets the stage for a trend day in the markets.

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