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  • Sagar Prakash

Market Profile Analysis for 1st Aug 2019


Today we don't have much clarity in #Nifty but we are Bearish view below 11196 #Nifty , if price started trading above 11196 for 30 mins then my view is negated.


Today I don't have any plan to opt for Open auction trader, open price and IB will give more clarity. Will Keep you posted more details in group.


As expected yesterday #Nifty opened imbalance, at the open initiative sellers got failed and 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 down upside.


Need to see the price action around 11032, 11090, 11168 & 11195

#Nifty may open around 11090 to 11075.


Nifty Market Profile Values


VAH 11125

POC 11103

VAL 11062


Market sentiment is Slight Negative for #Nifty.


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

Team,

Just Nifty Mys

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