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  • Sagar Prakash

Market Profile Analysis for 27 MAY 2020



Hi Team,


Today I have Sideways to Bullish view and Market sentiment is Slight Negative in #Banknifty. If price stared trading above 17340 then i will maintain my bullish view, open placement and IB will give more clarity.

I will avoid open auction Trade.


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

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As expected Yesterday #BNF opened Slight Imbalanced started moving around open level, its clear sign of OAIR and after IB formation it was clear that it was clear, price got rejected from 1763, which I posted in yesterday's Important level, and broke the IB low also and took support near 17340 and moved back to IB range and tested DPOC by forming Small IB and ended up with non trend day.

VAH 17600

POC 17480

VAL 17420


Market sentiment is Slight Negative for #Banknifty


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


Team,

Just Nifty Mys

www.justnifty.in

9886171897


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