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  • Sagar Prakash

Market Profile Analysis for 11th July 2019


Today we have Sideways to up move in #Nifty above 11460. If price started trading below 11460 then my view is negated.


Yesterday Nifty open within value, buyer tried to break the previous day but they failed to break the PDH, this show the absence of initiative buyer, response traders took the control and traded within yesterday's Range. Later nifty forming medium IB and broke downside and ended up NV day downside.


Need to see the price action around important level 11481, 11500, 11525 & 11560

Today I don't have any plans to opt for open auction trade. Range would be 11450 to 11550. Key is apply mean reversion technique only in case of balanced open.


#Nifty may open around 11480-11515.


Nifty Market Profile Values

VAH 11535

POC 11515

VAL 11475


Market sentiment is Negative for #Nifty.


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


Team,


Just Nifty Mys

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