Nifty Futures on Monday’s trading session opened a gap down and started trading inline with the global sentiment. However, in the second half of the day price breached the last quarter low and started recovering fiercely with hourly exhaustion as the extreme indications are active on the hourly timeframe.
Nifty Futures on the Market Profile charts indicated a potential short-term inventory getting short to too short which brings a possible short-covering odds towards 15950 levels and in a best-case towards 16200 levels for this week.
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