Market Profile Analysis for 24th July 2019

Today we don't have much clarity in profile, but we have Sideways to Positive view in #Nifty above 11300. If price started trading below 1130 then my view is negated.

As expected yesterday #Nifty opened balanced with providing OH, As said Earlier in group nifty took support and OH got negated this show the Sellers are interested in that price later price started to moving up side slowly Closer to PDH again Sellers got activated and moved the price lower to PDL price again took the support. forming medium IB and ended up with neutral day. Today it will be Interesting to see the market open.

Today I don't have any plan to opt open auction trade in #Nifty. open price and IB will give some more clarity.

#Nifty may open around 11330-11360.

Nifty Market Profile Values

VAH 11370

POC 11360

VAL 11330

Market sentiment is Slight Positive for #Nifty.

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

Team,

Just Nifty Mys

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