Profile charts for 17/11



Bn Mp3 Profile Charts For 17/11


Nifty : 

Today we had a neutral day in the markets as buyers and sellers jostled for supremacy.From a bullish point of view we saw the return of responsive buying from the Buyers last seen around 5250 levels only.

The two big up moves of the day- one from 5018 to 5074 ( 56 points) and the other 4997 to 5079 ( 82 Points)  were bigger than the 35 points we have seen over the past few sessions.We also had a range extension above IB, another first in days.

The profile structure resembles a D and should generally point to another 100- 200 point one way move from this zone.Notice the last D on 11/11 gave about 200 points.

The largest volumes were at 5040 followed by 5010 and at the close at 5079.Up ahead the biggest volumes are at 5137. Lower support continues to be 4975.


Bank Nifty :

The Bank Nifty profile shows large volumes traded at the lows and an upper distribution which was in the lower half of yesterday.

The biggest reaction was about 200 points on the way up and about twice the size of the buy reaction of the past few sessions.

Large volumes were noticed at 8972 and 9161 near the close.

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