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  • Sagar Prakash

Market Profile Analysis for 26th June 2019


Today we don't much clarity in #Nifty but we have sides view w.r.t to this levels 11790 to 11690.

Yesterday Nifty open below Value and within Range which indicates slight imbalance, at open price sellers are unable to break PDL this shows the absence of Initiative seller and response buyer pitched After formation Ib Buyers are able to break IB high and Swing high i.e 11760 successfully.


From that point new buying started, with Small IB and forming Double distribution day (Trend day) upside and meeting Our Target 11832. Later we can see some aggressive selling at important zone.


Need to see the price action around important level 11640, 11707, 11782 & 11845 & 11863.

Open price will give some more clarity. I m not opting for open auction trade today.


#Nifty may open flat around 11770-11750.


Nifty Market Profile Values


VAH 11790

POC 11725

VAL 11690


Market sentiment is Slight Positive for #Nifty.


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


Team

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