Market Profile Analysis for 19th Aug 2019

Today we are slight positive in #Nifty above 10991, if price started trading below 10991 then my view is negated.

As expected yesterday #Nifty opened slight imbalanced at the open initiative sellers got failed and took support near the PDL, started rejecting at PDL and backed to balanced condition, responsive buyer are active and they successfully able to move inside the the previous day range, forming medium IB and ended up with NV day upside.

Need to see the price action around 10918, 11972, 10998, 11062 & 11118

#Nifty may open around 11050 to 11080.

Nifty Market Profile Values

VAH 11075

POC 11040

VAL 11015

Market sentiment is Slight positive for #Nifty.

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

Team,

Just Nifty Mys

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