Another day, another profile, but the same result.
Both Thursday and Today, we drifted higher all day, before breaking out in the last hour of trade.The aggressive seller last showed up on Wednesday last, but was met with equally aggressive buyers resulting in a doji that day or a neutral day in Market profile terms.
However in the past two sessions, the seller has been Missing In Action.
I was a bit concerned about the dwindling volume ( marked in the Nifty chart) in the last 20 minutes of trade, but was happy to see it pick up again.Going by today’s action, 5400 seems possible in morning trade tomorrow, but for it to move down from there the seller will have to assert himself.
