Thursday, 29 October 2020

Nifty Outlook 29/10/2020

 Hello Friends, 


Previous Day: Rejected from YH as imp level to see; and full engulfing previous candle where expectation insider but its full trendy day.


Participant Wise: FII and Pro increased Bearish & Client increased bearish position.
OI Based: Nifty showing OI  buildup and Banknifty OI buildup from 2 days.
Trend: At imp level; and most clear picture will be after new position buildup after today monthly expiry; mkt will move more on news for few days than technical.
Global: Global looking mixed.
Opening: SGX showing minor Negative near YL.
Range: R-11760-11780 / 11730 / 11820 & S- 11670-11650 / 11600
Overview: Looks like sideways to dead cat bounce type move as per situation. be caution as monthly expiry volatility possible.


Thanks n Regards! 
SanJeet Kumar
Telegram: t.me/sfviews

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