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  • Sagar Prakash

Market Profile Analysis for 11 MAY 2020




Hi Team,

Today I don't have much clarity in profile, Market sentiment is neutral in #Banknifty. Open placement and price acceptance will give more clarity. If price open below and sustain below 19200 i will look for short trade.


Need to see the price action around 19600,19420, 19000, 18880 & 18400 are important levels for the day.

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As expected yesterday #Banknifty opened at above previous day high (Imbalance), but buyer's failed to drive the price upside. Price started rotating and became open auction above the range it's clear sign of DD day. later price broke the IB low and price extended towards downside, forming small Ib and ended up with DD day achieving our target's.

VAH 19900

POC 19760

VAL 19570

Market sentiment is neutral for #Banknifty

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


Team,

Just Nifty Mys

www.justnifty.in

9886171897

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