BankNifty - Inventory Analysis with Market Profile - 16 Aug 2024

16 thg 8, 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.

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Thank you.

16 thg 8, 2024

Đóng lệnh: đạt mục tiêu

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.