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  • Sagar Prakash

Market Profile Analysis for 22nd Aug 2019


Today we don't have much clarity in profile but we are slight Negative view in #Nifty below 10965, if price started trading above 10965 for 30 mins then my view is negated.


I will avoid open auction trade today, open price will give more clarity.


As expected yesterday #Nifty opened balanced at the open it give doji this shows no clarity at open auction, after some time buyer took the control and moved the price till previous day VAH and got reversed from the there price started moving within IB for till second half, later IB got broke decisively sellers control and moved the price the till the demand zone, forming small IB and ended up with DD day down side. Interesting to see the today's price action around demand zone 10900 levels


Need to see the price action around 10886, 10904, 10969 & 1010


#Nifty may open around 10945 to 10920.


Nifty Market Profile Values


VAH 11010

POC 10965

VAL 10935


Market sentiment is Slight positive for #Nifty.


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


Team,

Just Nifty Mys

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