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  • Sagar Prakash

Market Profile Analysis for 20 MAY 2020



Hi Team,

Today I have don't have any clarity in profile, Market sentiment is Neutral in #Banknifty. Open placement and IB will give more clarity.


I will avoid open auction Trade.

Need to see the price action around 17305, 17750 & 18160

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As expected yesterday #BNF opened Balanced, it's clear indication that responsive player are in control sellers took the price and able to test PDL, later sudden bounce in market from buyer able to move the price till yesterdays VAH and price got rejected from there strongly, later sellers become active move the price back to PDL, this show clear sign of two side activity by forming medium and ended up with Neutral day.

VAH 18050

POC 17890

VAL 17540


Market sentiment is Neutral for #Banknifty


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


Team,

Just Nifty Mys

www.justnifty.in

9886171897

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