Nifty August series on the expiry day had done a dual momentum zone rejection(Market Profile Pattern). Though the price opened a gap up inside the zone but failed to cross the zone which is a clear sign of traders rejecting the zone which involves a short-term top formation setup in a very short term.
The post Nifty Futures Trend Turned Positionally Bearish after a Dual Momentum Auction Rejection – Market Profile Outlook for August Series appeared first on Marketcalls.