Wednesday 9 December 2020
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
Twitter: www.twitter.com/sanjufunda
Telegram: t.me/sfviews
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