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  • Sagar Prakash

Market Profile Analysis for 22 MAY 2020



Hi Team,


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


I will avoid open auction Trade.


Need to see the price action around 17440, 17790 & 18180

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Yesterday #BNF opened Slight Im Balanced, and also provided OTD UP but its not so strong later it tested the open level. it's clear indication that there is no buying pressure in the market from the initiative, In C period price broke multi day high at that level buyer got exhausted and price tried to took support at PDH, but in second half seller took the control and broke the IB on other side and close the price at day low, by forming medium IB and ended up with Neutral Extreme day.

VAH 18145

POC 18045

VAL 17895


Market sentiment is Slight Positive for #Banknifty


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

Team,

Just Nifty Mys

www.justnifty.in

9886171897

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