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  • Sagar Prakash

Market Profile Analysis for 09 Jun 2020




Hi Team,


Today I have Sideways to Bullish view and Market sentiment is slight Positive in #Banknifty. High probability of Balanced open, If price open above 21225 and stared trading above this level then i will maintain my bullish view one can look for buy side around 20980is good level to buy and one can look target 21410 and 22064, open placement and IB will give more clarity.


Need to see the price action around 20980 21225, 21410 & 21785

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Yesterday #BNF opened with huge gap up, but the initially buyer pitched but failed to take price further, price started rotating near to open price later price break the IB low and take further price down and started filled the gap, forming medium IB and ended up with normal variation day.

VAH 21560

POC 21200

VAL 20960


Market sentiment is Slight Positive for #Banknifty


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


Team,

Just Nifty Mys

www.justnifty.in

9886171897

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