Nifty Opened with a gap down with a open drive setup and continued the selling confidence throughout the day. Finally Fridays session ended with a triple distribution. Short term trend turned to downtrend only the higher timeframes Monthly and Weekly are so far balancing. Interestingly Nifty is out of the short term balance on downside and trading very close to the 200MA on Daily timeframe.
Nifty ended below previous month low 10290. Though lots of weaker references formed around intraday, weakness prevailed despite all those weaker intraday references. Both trading sentiment and profile sentiment ended negative for the day. When comes to Nifty Futures 10255 likely to act like a immediate resistance. Further Weakness is expected towards the visual destination towards 10126.
Hello Mr.Rajendran. I want to learn market profile trading technique.do u take classes? Pl advise.i have to recover my losses.
Thank u
Thamilselvan
You can consider attending our upcoming mentorship program on Market Profile https://www.marketcalls.in/premium/tradezilla-apr
HI Rajendran,
Iam interested in learning Market Profile as iam a full time trader and would like to learn market profile. Ca you guide me with it.
You can consider attending our upcoming mentorship program on Market Profile https://www.marketcalls.in/premium/tradezilla-apr
Market profile for March 20