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  • Sagar Prakash

Market Profile Analysis for 18 MAY 2020



Hi Team,


Today I have Bearish view, Market sentiment is Negative in #Banknifty. If price open below 18651 and sustain below that level i will look for short trade.


Traders can plan a Short trade if price shows OTD down or Open- High below PDL keeping SL below the above of the candle. This scenario will change if the price shows open -Low or if price started trading above previous day range.


Need to see the price action around 18823 18750, 18696 & 18400 are important levels for the day.

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As expected on Friday #BNF opened within range but out side value and with OH, price started moving down side from open itself it clearly shows that Smart money are active from open, later entire day market went sideways( because of finance minster news after Market hours) , forming large IB and ended up with Normal day.


VAH 18825

POC 18735

VAL 18665

Market sentiment is Negative for #Banknifty

After looking Market profile chart for #BankNifty all the Imp parameters ( RE is neg , VA is Neg & EX is Neg )


Team,

Just Nifty Mys

www.justnifty.in

9886171897

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