Profile charts for 25 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 Thursday : A normal distribution. Market has finished step 2 of the new IPM started at 5233 and may be ready for step 3 now.Imbalance to balance and back to imbalance.

Bank Nifty :

Bank Nifty Mp213 Profile Charts For 25 Th August

Back Ground : – Dominant seller at 10525.

Chart speak :

1) BN created value lower than previous 4 days which were in balance
2) Profile is b shaped ( bearish)
3) The New move has started from the POC of the previous bal area ( 4 day profile)

Nifty :

Nifty Mp12 Profile Charts For 25 Th August

Background :

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

Chartspeak :

1) 5th day of sideways distribution
2) 5 day balance area is ripe for a break out
3) today’s profile was also bell shaped, indicating a new move about to start