Profile charts for Tues-6th Sept

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 another spike into the close.

Bank Nifty :

Bn Mp191 Profile Charts For Tues-6Th Sept

Back Ground : – Dominant seller at 10525./

Chart speak :

1) No real change from the chart posted here on Tuesday
2) Auction remained in the upper distribution of the bell shape from 19/8 to 25/8
3) 9674 continues to be resistance
4) some short covering expected above 9674

Nifty :

Bn Mp Profile Charts For Tues-6Th Sept

Background :

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

Chartspeak :

1) We are watching the composite profile from 12th Aug to 25th aug for signs of the next auction.
2) Yesterday the market addressed partly the lower volume zone as shown in the composite profile
3) Resistance is clearly at 5080 where the seller is expected to show
4) Support will be seen at 4875.