Profile charts for 6th May

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 quite consolidation within the initial balance turned into a selling frenzy.The range extension lower was accepted and the market closed at the lows.

Bank Nifty :

Bank Nifty Mp31 Profile Charts For 6Th May


– single prints at 12020 at the top.
– 11580 had the largest volumes and the region of 11580/ 11625 will resist all up moves
– 11116 is pull back high and important level for future ref.
——–
– a NV day with close at POC
-a move above 10965 can again bring 11058
– 10864 is VAL and support
– 10815 and 10777/ 10745 are possible below val tomorrow.
———–
– dpoc at 10780
-10707 is support for tomorrow.
– 10621 and 10534 are projected estimates below 10707.
– resistance to upmoves will be 10794 and then 10880.


Nifty :

Nifty Mp5 Profile Charts For 6Th May



– single print selling from 5930 again today
– Large volumes at 5760 and 5794
———-
-5666/76 is pull back high and single prints and resistance for any upmoves

———
– single print selling from 5593
– below 5409, 5465 and 5420 possible.
– resistance again at 5597 and 5641.
– 5565 again a ref level to the upside
————

– single prints at 5520-5493 in the middle of the DD
– VPOC at 5460
– 5406 and 5371 are projections for a lower auction
– 5510 will resist all upmoves


SBI :

Sbi Mp4 Profile Charts For 6Th May


– Large volumes visible below prev support of 2850
– support expected between 2580-90 which are HVN’s


– SBI had an inside day
– play break of value and range for good profits.
– 2634-2614-2606 are the value areas
-2666 OR 2558/ 2537 are possible when value breaks


RIL :

Ril Mp2 Profile Charts For 6Th May


– RIL continues to be weak below 1005.
– RIL formed an inside day around HVN of 976.
– region of 929-35 to provide support after the poor lows seen at 940
————–
– RIL will continue to get resisted at 971
– poor highs at 964 has to be repaired
-single print buyers at open for second day today



LT :

Lt Mp3 Profile Charts For 6Th May


—-
– poor lows at 1528 would call for a revisit there below VAL
– 1516 possible below 1528.
-above 1566, 1579 and 1592 are possible.
——-
– Lt ran into resistance at 1574
-Below 1526 can see 1507/ 1487
– move above 1545 can take it to 1565

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