Market Profile Analysis for 25th July 2019
Today we are Bearish to side ways view in #Nifty Range would be 11360 to 11240. As expected yesterday #Nifty opened Slight imbalance with providing O=L, It was ORR (Open rejection reverse) drive with clear decisiveness of sellers presented from Poc and able to break the open low in the first half session, However, the climax was bit surprising and buyers took control from 11244 level which is a very crucial level, forming large IB and ended up with normal day.
Today I don't have any plan to opt open auction trade in #Nifty. open price and IB will give some more clarity. I will look for 2nd half trade as its monthly expiry chances of short covering.
#Nifty may open around 11270-11300.
Nifty Market Profile Values
Market sentiment is Negative for #Nifty.
After looking Market profile chart for Nifty all the Imp parameters ( RE is Neg , VA is Neg, & EX is Neg.)
Just Nifty Mys