Profile check

Here are the profile charts of NF and BNF.


Mp 36 Profile Check


Mpbn2 21 Profile Check


The lows of expiry afternoon in the July future followed by a gap up the next day created the initial imbalance which was a 200 point run in the Nifty.


Subsequently this imbalance has been met with a balancing act from 5333 Nf to 5280 NF which is the upper end of the imbalance.


The trend is being driven by buyers from 47XX levels and sellers need to do more than choosing a spot to sell and sit. The Onus is on the seller to change the trend, in the absence of which the market will continue driving up.