Profile charts for 16th sept

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 Thursday : A neutral extreme ( NE)  day with a close at one end of the profile. A continuation is a bullish set up after a NE day.The Net orderflow was a positive 2.136 over yesterday’s 1.018


Bank Nifty :

Bn Mp8 Profile Charts For 16Th Sept

Back Ground : – Dominant seller at 10525./

Chart speak from yesterday :

1) BN had an inside day
2) The 9435-9475 zone from the charts of yesterday was auctioned into and the market covered the profile which was previously ir-regular.
3) A move above day high can give a gap fill trade to 9625 and beyond that 9800 is possible.

Today’s charts :

1) gap at 9625 was covered today
2) spike into the close ( Rules for spikes in the NF chart below)
3) Upper re4sistance seen at 9800/ 10025
4) 9475 region should be an initial support

Nifty :

Nifty Mp7 Profile Charts For 16Th Sept

Background :

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

Chart speak from yesterday :

1) Inside day in NF too
2) a break above the day’s range can target 5018

Today’s charts :

1) NF fell short of 5018 by 18 points.
2) spike into the close ( details on charts)
3) support seen at 4975 then at 4935