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  • Sagar Prakash

Market Profile Analysis for 03 Jun 2020



Hi Team,


Today I have Bullish view and Market sentiment is Positive in #Banknifty. If price open above 20610 and stared trading above level then i will maintain my bullish view one can look for 21350 and 21530, open placement and IB will give more clarity.


Traders can plan a long trade if price shows OTD up or Open- low above PDH keeping SL below the low of the candle. This scenario will change if the price shows open -high or if price started trading below previous day range.


Need to see the price action around 20165, 20610 & 21350

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Yesterday #BNF opened balanced, price moved down at open but took control from the previous day close and started moving slowly towards PDH, later also sellers failed to take control and also One time framing in control. in the last hour price moved and closed at day, Closing is very interesting (higher probability of gap up) forming medium IB and ended up with normal variation day.

VAH 20330

POC 19990

VAL 19870


Market sentiment is Positive for #Banknifty

After looking Market profile chart for Bank Nifty all the Imp parameters ( VA is Pos ,RE is Pos & EX is Pos )

Team,

Just Nifty Mys

www.justnifty.in

9886171897

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