Profile charts for Wed- 7th 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 Tuesday  : Another neutral day , but the range extensions were successful on both sides.

Bank Nifty :

Bn Mp20 Profile Charts For Wed- 7Th Sept

Back Ground : – Dominant seller at 10525./

Chart speak :

1) Price closed at the HVN of 18th Aug
2) some short covering expected above today’s close as the region is a low volume “fast movement” zone

Nifty :

Nifty Mp Profile Charts For Wed- 7Th Sept

Background :

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

Chartspeak :

1) price closed just below the upper bell distribution of the composite profile
2) today’s movement showed poor lows at the bottom.