Market Profile Analysis for 17th July 2019
Today we are Positive in #Nifty above 11628. If price started trading below 11628 then my view is negated.
Yesterday Nifty open within Range and above value, buyer tried to break the previous day high Successfully formed a large IB forming a normal day, later the price started rotating within IB.
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.
#Nifty may open around 11660-11640.
Nifty Market Profile Values
Market sentiment is Positive for #Nifty.
After looking Market profile chart for Nifty all the Imp parameters ( RE is Pos , VA is Pos & EX is Pos.
Just Nifty Mys