BankNifty - Inventory Analysis with Market Profile - 16 Aug 2024

16 באוג׳ 2024

Hi hope you all are doing good, and in today's video i want to share where the positions are being accumulated in BankNifty and why i am long biased.

1. Area where price stability is seen = 49969
   
2. Stops seen = 49817
   
3. Area where sellers are competing = 51000
   
4. Area where buying interest or supply will shut off = 47500
   

Disclaimer: Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

Dear traders, do not forget to hit like and follow me, and please do share your thoughts in below comment box, as your response will help me strengthen my market understanding.

Thank you.

16 באוג׳ 2024

עסקה סגורה: היעד הושג

Pre-open data is out: 50,133.00 +405.70 (0.82 %). So a good gap up and lack of supply seen as per the analysis shared above. Booking the positions in profit as per the first target.