Profile charts for 24 th August

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 Wednesday : An inside day with auction into the value area of the previous day and a spike into the close.

Bank Nifty :

Bank Nifty Mp22 Profile Charts For 24 Th August

Back Ground : – Dominant seller at 10525.

Chart speak :

1) Balancing continued for the 4th session
3) FA at 9285 was re-visisted
3) Movement below 9280 will be a new auction tomorrow
4) 9285 also represnts a spike low and an auction below that is also bearish

Nifty :

Nifty Mp111 Profile Charts For 24 Th August

Background :

– Huge gap between 5325 and 5233 which is a single print seller.
– FA at 4816

Chartspeak :

1) The second failed auction at 4863 was revisited day. 4816 remains.
2) spike into the close btw 4865 and 4893
3) acceptance within the spike area is bearish tomorrow
4) larger profile continues to be sideways.