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  • Sagar Prakash

Market Profile Analysis for 26 MAY 2020



Hi Team,


Today I have Sideways to Bearish view in profile, Market sentiment is Negative in #Banknifty. If price stared trading above 17340 then i will bullish side, but timing is very important to go long side, open placement and IB will give more clarity.


I will avoid open auction trade today.

Need to see the price action around 17000,17150, 17340 17673 &17900

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Yesterday #BNF opened Slight Imbalanced, and priced move inside the range with high volatile, stop loss hunt happen twice before the even start, it clearly show that sellers are in control and after break open level more seller pitched in and break the IB low and creating Big range and later market went to sideway, by forming Large IB and ended up with Normal day.

VAH 17470

POC 17210

VAL 17030


Market sentiment is Negative for #Banknifty


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


Team,

Just Nifty Mys

www.justnifty.in

9886171897

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