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 Monday : Another neutral day with a failed lower auction

Bank Nifty :

Bank Nifty Mp213 Profile Charts For 24 Th August

Back Ground : – Dominant seller at 10525.

Chart speak :

1) Another day of balancing
2) value created sideways, with poor highs and minor excess at lows
3) 9480 is prominent POC
4) FA at 9285

Nifty :

Nifty Mp11 Profile Charts For 24 Th August

Background :

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

Chartspeak :

1) A second failed auction at 4863 today, to add to the one at 4816 the previous day
2) a second day where the mkt succeeded in getting a range extension to the upside
3) resistance seen abv at 4980 and 5013