Market Profile Analysis for 23rd July 2019

Today we have Sideways to Positive view in #Nifty above 11316. If price started trading below 11316 then my view is negated.

Yesterday Nifty open below the Range (highly imbalance) with providing OH, this show the Sellers took the control from the open itself and price took support near 11316 which was the important support zone. From there price started moving sideways with large IB forming a normal day Structure and price closed at the centre.

Today I don't have any plan to opt open auction trade in #Nifty.

Patience is key today and only can apply Mean Reversion technique within this Range( 11300 to 11400)

#Nifty may open around 11340-11370.

Nifty Market Profile Values

VAH 11370

POC 11350

VAL 11310

Market sentiment is Neutral for #Nifty.

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

Team,

Just Nifty Mys

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