Evening MarketProfile report dated 19th July

The Nifty and the banknifty opened in range of yesterday’s trade and auctioned mostly in the lower half of the Double distribution seen yesterday. Structure in the Nifty is still that of a balanced composite between 10920 on the lower side and 11067 on the higher side. There was responsive selling and responsive buying at the extremes today and a rollover trade right in the middle. A weekly outlook was updated on Saturday at –https://vtrender.com/weekly-outlook-for-the-week-dated-16th-july-to-20th-july/ It is the same MarketProfile view working for a 1- 5 day period on the Nifty and the BankNifty spot without worrying about the movement of…

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Evening MarketProfile report dated 18th July

The Nifty and the banknifty opened as an OAOR for over 2 hours at the edge of yesterday’s profile and last week highs. It did not find willing buyers and sloped back into the mini balance again targeting Monday lows. Near the lows in the Nifty, we saw supply diminishing but the Banks showed a lot of long liquidating especially near the close.   A weekly outlook was updated on Saturday at –https://vtrender.com/weekly-outlook-for-the-week-dated-16th-july-to-20th-july/ It is the same MarketProfile view working for a 1- 5 day period on the Nifty and the BankNifty spot without worrying about the movement of the…

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