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Source :
First let's look at weekly sectoral chart:


200 Day moving average at 4846
 For immediate supports watch out moving averages between 5240 to 5280 area.
20 day moving average at 5190

Below this area watch out 5020 to 5070
These are Moving averages and now

My first upside resistance comes at 5323.5 above that watch out 5358 and 5400-5420 area.

Downside first support at 5280 and 5262 below that as i mentioned in last week 5235.See how beautifully worked 5235.We took exactly at 5235 in last week and moved up.

Market profile Values for Monday:

VAH----- 5285
POC----- 5277
VAL----- 5269

* These are Nifty spot values.

** If any body missed downloading Market profile study material to understand better these values click here to 


Cheers & Best to your trading.

Disclosure: no positions