From Vtrender Live

I will just do a simple copy-paste of some analysis we do at Vtrender Live based on Market profile charts :

( Charts are not included)

Profile charts for 24th Feb : Posted by Shai at 10:00 PM , Wednesday, February 23, 2011

Bank Nifty :

- The poor lows created around 10800(-40) gave way today.
- Positions can be carried below 10616 for 10165 with a closing stop at 10830 for a 450 point move.
-Only 10400 is a minor support below 10616

Nifty :

-5367 is the top of the minus development region from 11/2.
-Below 5367 we can see 5229 all over again and a possible 4975.

SBI :

- New selling activity clearly seen off 2724 at the open.
- SBI attempted today to break into the buyer zone of 11/2 and 14/2 in last 45 mins of trade.
- As a leader of the rally, we wait to see if it confirms a break early below lows for 2514 as a target.

Reliance :

- An inside day today in RIL.
- a break of 986/ 1016 can give 20 points either direction.

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Profile charts for 25th Feb : Posted by Shai at 11:15 PM , Thursday, February 24, 2011

BankNifty :

- support zone at 10160 close by ( to be watched at the open)
-risk/ reward does not favor new shorts here.
-10560 is the pull back high above which short term trend changes to up.

Nifty :

-Like the BankNifty, the Nifty also moved swiftly through the minus development region.
-With two minus development regions back to back the odds increase of a rotation in the 5250-5375 zone to fill up the volume and form a distribution curve.
- lower side support is 5229
-upper side resistance is the pull back high of 5391.

SBI :

- SBI opened in the spike area of Wednesday and continued lower.
- 2514 almost done. is a good support zone.
- Holding 2514, is expected to rotate to 2644.

Reliance :

- Inside day broke to the downside and hit 966.
- 966 represents upper end of the prior bracket, as also gap fill.
- One can take a long position here for 991/1010 with a stop at 952.

At the time of this post, the Nifty futures are at 5335, SBI at 2615, Relaince at 982 and Bank Nifty at 10430.