Profile charts for 4th July

The Power Levels for tomorrow are possible areas of demand and supply and the same are uploaded in an excel sheet here. A market below PP0 and moving lower is a weak market intraday and vice versa.

Whilst using the OrderFlow 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

All levels are taken from that excel sheet. We will discuss auction theory, role of buyers and sellers and market structure in these next few lines.

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

Broader market of Friday:A seller at the open dominated proceedings for most of the day before some minor short covering at the close.

Bank Nifty :

Bank Nifty Mp203 Profile Charts For 4Th July

– responsive buying from 11175 which is the POC of the balanced profile from 29/6
– 11195-11175 single prints will support the market.
– Support for today’s session came at VAL of the previous day and just above the single prints mentioned above
– Profile shows single print selling at 11345-11335
– staying above the single prints of friday can bring 11519 later in the week.
support for the week will be at 11125, the open drive level of 29/6

Nifty :

Nifty Mp Profile Charts For 4Th July

– 5620 represents a failed auction point.
– spike into he close between 5660-5668
– acceptance above the spike high will be bullish.
– NF had a failed auction revisit and a double distribution
– single print selling at 5702-5684 will be resistance now
– Only a move above 5702 can bring 5742 and 5808 later in the week.
– poor lows at 5616


Sbi Mp Profile Charts For 4Th July

– SBI shows poor highs at 2440 which needs to be repaired.
– single print buying between 2392-2400 at the open.
– poor highs remain
– profile showing sideways 2 day distribution after a big upmove.


Ril Mp Profile Charts For 4Th July

– a balanced distribution in the area of previous single prints.
– 907 is resistance.
– RIL shows a single print seller at 910
– profile is iregular with another seller at 880
– support should cone near 849 HVN during the week

LT :

Lt Mp Profile Charts For 4Th July

– LT had a spike into the close between 1832-1840
– acceptance above the spike high will be bullish
– LT showed a seller at 1854
– single prints between 1854-1839

ICICI Bank :

Icici Mp Profile Charts For 4Th July

– AN NV day in ICICI where the bias moved lower during intra day
– Profile is sideways after a 100 point up move last month

Tata Motors :

Tata Motors Profile Charts For 4Th July

– Single print seller off the open at 988.
– 960 prominent POC can support
– Sideways distribution within the value area of thursday