This is the First guest post from Mr Sanjay Jaiswal a Market Profile Expert and author of MarketPulse S&P.
As can be seen that Nifty opened above Value Areas which itself was bullish sign and the new values were created outside of the previous day’s value. Now for Tuesday an open over 5619 will be Bullish, but if 5619 is breached from the up then we can re-visit 5586. Coming to the Weekly Profile the Value areas are 5619-5524-5425, so staying below 5619 will be weak, with 5524, 5425 could be targets, but staying above 5619, new highs are possible.
And last of all Thank You Rajandran R for giving me the chance to post on your Blog.