Profile charts for 19th July

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.

Whilst using the Order Flow 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-initiate the booked order

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

Broader market of Monday: A inside day on low volumes.

Bank Nifty :

Bank Nifty Mp23 Profile Charts For 19Th July

Back Ground :

– support for the week is at 11106 and resistance at 11466.

Chart Speak :

– Large normal distribution within the Initial balance.
– 11275- 11220 reprsent the value areas
– Break of value has to be traded

Nifty :

Nifty Mp9 Profile Charts For 19Th July

Background :

– 5617 represents a failed auction point.
– A failed auction at 5594
— support for the week is at 5511 and resistance may be seen at 5675

Chart speak :

– A inside day
– value area is 5592-5568
– break of VAL can give 5547/ 5524,
– above vah we can see 5640.


Sbi Mp7 Profile Charts For 19Th July

Back Ground

– single print buying between 2392-2400 at the open.
– large balanced profile with a prominent poc at 2410
– selling prints from the HVN of 2506

Chart Speak :

– prominent POC shifted mildly lower by 2 points to 2476
– a bell shaped normal distribution within the IB
– break of value will set up a good trade


Ril Mp9 Profile Charts For 19Th July

BackGround :

– 907 is resistance.
– RIL shows a single print seller at 910
– profile is irregular with another seller at 880
– support should come near 849 HVN during the week
– responsive buying near 845 seen.
– large volumes showing up at 851.
– very prominent poc at 865 is a support.

Chart Speak :

– Another inside day in RIL
– 10th day of sideways development in RIL between 844 and 880

LT :

Lt Mp9 Profile Charts For 19Th July


Chart speak :

– Open drive down in LT ( O on top of D)

ICICI Bank :

Icici Mp12 Profile Charts For 19Th July

Back Ground :
– a large b shaped profile with a very prominent POC at 1063
– b shape is bearish
– a break of 1060 can set up a trade to 1052

Chart Speak :

– An open below POC of the b profile ensured that ICICI moved to below 1052

Tata Motors :

Tata Motors10 Profile Charts For 19Th July

Back Ground :

large open drive down with single prints at 1031-1056
-profile is b shaped but balanced in the lower half of Thursday’s profile with single prints 1005-1014 below.
– a break of value 1027- 1014 can cause single prints either side to fill.

Chart speak :

– Below 1014, single prints mentioned above were quickly filled.
– Profile looks incomplete and may consolidate between 1014 and 999.