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  • Sagar Prakash

Market Profile Analysis for 19 MAY 2020



Hi Team,

Today I have Sideways to Bearish view, Market sentiment is Negative in #Banknifty. Open placement and IB will give more clarity.


High probability of balanced open and it may clear all emotion selling which happened yesterday around 17745. one can look for selling side around 17925 with proper price action confirmation.

Need to see the price action around 17300, 17610 & 17925

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As expected on yesterday #BNF opened within range but out side value and with OH, price started moving down side and able to break PDL decisively and from open itself it clearly shows that Smart money are active from open, mass fall from there almost (6 %) entire day market is control of sellers, forming large IB and ended up with Normal day.

VAH 17880

POC 17610

VAL 17480


Market sentiment is Negative for #Banknifty.

After looking Market profile chart for Bank Nifty 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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