Nifty :
BankNifty :
In Market profile we analyze 2 things :
1) What is the buyer ( seller) trying to do?
2) Is he doing a good job doing what he is currently doing?
The charts above show the buy-sell reactions of the day.
Today’s sell reactions were smaller than the buy reactions in both the NF and the BN.In other words the buyers were in control.
Hence the buy signals generated yesterday, remained.
The charts show the sell reactions to be smaller than the buy reactions, hence system remains long.
