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  • Sagar Prakash

Market Profile Analysis for 3rd July 2019


Today we don't have much clarity in #Nifty but We are slight bullish above 11900. If price started trading below 11900 then my view is negated.


We don't have any plans to opt for open auction trade, open price and IB will give more clarity.

Yesterday Nifty open within Value but not close to POC which indicates slight imbalance.

Buyer failed to take the price above VAH at open this indicates the absence initiative at open, later responsive sellers took control successfully took the price previous day low and later in 2nd half responsive buyers pitched in and took the price day high (within range), formed medium IB and ended up with Neutral day (NV day ).


Need to see the price action around important level 11975, 11950, 11900 & 11863


#Nifty may open around 11970-11950.


Nifty Market Profile Values

VAH 11930

POC 11912

VAL 11865


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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