Profile charts for 21st 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 Thursday: A normal day in NF.

Bank Nifty :

Bank Nifty Mp24 Profile Charts For 21St July

Back Ground :

– support for the week is at 11106 and resistance at 11466.
– 4 day price point of control is sideways at 11250

Chart Speak :

– Mkt broke down after a failed attempt to enter the 4 day balance area ( e prints)
– 11230-11190 represent single print zone of the seller

Nifty :

Nifty Mp101 Profile Charts For 21St 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 Normal day in NF today


Sbi Mp8 Profile Charts For 21St 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 :

– SBI shows a failed lower auction at 2448 which is bullish for the next 1-2 sessions
– confirmation of the same will be a market showing strength above PP0 at 2458 tomorrow.


Ril Mp81 Profile Charts For 21St 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.
– a move above 884 at the open was met with failure

Chart Speak :

– 12th day of sideways development in RIL between 844 and 880

LT :

Lt Mp81 Profile Charts For 21St July


Chart speak :

– A normal day in LT
– Failed auction at 1812 which is bearish for next 1-2 sessions
– PP0 in LT for downward bias to confirm is at 1798

ICICI Bank :

Icici Mp11 Profile Charts For 21St 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 :

– poor lows remain in ICICI
– single print selling again from 1057

Tata Motors :

Tata Motors9 Profile Charts For 21St 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 :

– Open test drive with a p shape
– the p shape indicates shorts covering.