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  • Sagar Prakash

Market Profile Analysis for 20th Aug 2019


Today we have slight Negative view in #Nifty below 11035, if price started trading above 11035 for 30 mins then my view is negated.


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.


As expected yesterday #Nifty opened slight imbalanced at the open initiative sellers got failed and took support near the PDH, started accepting above PDH and later buyer are able to break IB but again in 2nd half sellers took the control and break the IB low this shows that both OTF Byers and OTF sellers are active. As sellers break down side decisively I m bearish today.


#Nifty forming medium IB and ended up with neutral day upside.


Need to see the price action around 10918, 11972, 10998, 11062 & 11100


#Nifty may open around 11050 to 11075.


Nifty Market Profile Values


VAH 11144

POC 11120

VAL 11080


Market sentiment is Slight positive for #Nifty.


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


Team,

Just Nifty Mys

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