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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

Nifty Outlook 22/10/2020

Hello Friends, 

Previous Day: PH accepted but very soon dry volume tell clear story about weakness upside and market dropped good and closed flat.

Participant Wise: FII changes Bullish and  Pro & Client changed bearish position.

OI Based: Nifty showing OI  buildup and Banknifty Small OI buildup.

Trend: Multi timeframe, showing bullish trend until 11775 level; Lower tf showing clear weakness after hitting again big resistance level 12k.

Global: Global looking red.

Opening: SGX showing minor Negative insider day.

Range: R-11900/11950 & S- 11800/11750

Overview: first of all looks like insider day so previous high low and close play vital role today. Expecting sideways to weak day.

Thanks n Regards! 

SanJeet Kumar

Twitter: www.twitter.com/sanjufunda

Telegram: t.me/sfviews

Nifty Outlook 21/10/2020

Hello Friends, 

Previous Day: Hold PH well and keep sideways; later on EOD PM speech and almost no decay full day.

Participant Wise: FII changes minor bearish and  Pro & Client changed minor bullish position.

OI Based: Nifty showing OI  buildup and Banknifty Small OI unwinding.

Trend: Multi timeframe, showing bullish trend until 11850 level; Lower tf also turned bullish but at resistance level.

Global: Global looking green.

Opening: SGX showing minor positive open near PH.

Range: Resistance 11950 & 12k and support 11900 & 11850 as per previous closing.

Overview: Accepting above PH stay bullish otherwise sideways day expectation with huge seller dominating day.

Thanks n Regards! 

SanJeet Kumar

Twitter: www.twitter.com/sanjufunda

Telegram: t.me/sfviews

Nifty Outlook 20/10/2020

Hello Friends, 

Previous Day: Market stay above YL and shown reversal from imp level.

Participant Wise: FII changes minor bearish and  Pro & Client changed Bullish position.

OI Based: Nifty and Banknifty showing small OI  buildup.

Trend: Multi timeframe, showing bullish trend until 11550 level; Lower tf also turned bullish but at resistance level.

Global: Global looking mixed.

Opening: SGX showing minor negative open.

Range: Resistance 11900 and support 11820-11800, 11750 as per previous closing.

Overview: Data and chart not so gud for uptrend resume until PH not sustain. so expectation is sideways day within range.

Thanks n Regards! 

SanJeet Kumar

Twitter: www.twitter.com/sanjufunda

Telegram: t.me/sfviews

Nifty Outlook 19/10/2020

Hello Friends, 

Previous Day: Market stay above YL and remain sidewise as per previous Outlook.

Participant Wise: FII changes flat and Pro & Client changed Bearish position.

OI Based: Nifty and Banknifty showing OI unwinding. 

Trend: Multi timeframe, showing bullish trend until 11550 level; Lower tf can be show sc.

Global: Global looking Good and Green.

Opening: SGX showing positive gapup.

Range: Resistance 11900,12k and support 11800, 11750 as per previous closing.

Overview: Data and technical showing uptrend can resume today if support 11750 sustain.

Thanks n Regards! 

SanJeet Kumar

Twitter: www.twitter.com/sanjufunda

Telegram: t.me/sfviews

Nifty Outlook 16/10/2020

Hello Friends, 

Previous Day: Day start with sideways expectation but when day low break and YL big unwinding day and huge put unwinding pressure lead good fall.

Participant Wise: Most of data almost unchanged after expiry vanished and same position like earlier overall. FII  & Pro stay Bearish, and clients Bullish.

OI Based: Nifty future OI Buildup and Banknifty showing OI unwinding in future.

Trend: Big TF only bullish side until 11550-11650 zone safe; market in volatile zone.

Global: Global looking today stable and green.

Opening: SGX showing insider gapup.

Range: Resistance 11820 & Support 11650-11670.

Option Data: Max Pain near 11600 overall.

Overview: Sideways day expectation with good straddle day.

Thanks n Regards! 

SanJeet Kumar

Twitter: www.twitter.com/sanjufunda

Telegram: t.me/sfviews

Nifty Outlook 15/10/2020

Hello Friends, 

Previous Day: Market remain weak; once price structure make short covering technically; Pro trader done big short covering position and changes bullish.

Participant Wise: FII  changed Bearish position; when clients and Pro opposite increased bullish position. Pro & FII Net bearish.

OI Based: Nifty future OI unwinding with FII long unwinding position and Banknifty showing OI buildup in future.

Trend: Multi timeframe, showing bullish trend until 11550 level; lower TF showing some market will remain weak.

Global: Global looking weak again.

Opening: SGX showing sideways opening.

Range: Resistance  12000 & Support 11950, 11900.

Option Data: Weekly pain near 11950.

Overview: Long momentum lost now; and expecting more sideways day in upcoming days.

Thanks n Regards! 

SanJeet Kumar

Twitter: www.twitter.com/sanjufunda

Telegram: t.me/sfviews

Nifty Outlook 14/10/2020

Hello Friends, 

Previous Day: Market remain weak after bearish position build by FII and Trend Pause.

Participant Wise: FII and Pro changed Bearish position; when clients opposite increased bullish position. Pro Net bearish.

OI Based: Nifty and Banknifty showing OI buildup in future.

Trend: Multi timeframe, showing bullish trend until 11550 level; lower tf showing some sideways to bearish formation.

Global: Global looking weak now.

Opening: SGX showing Minor insider negative opening.

Range: Resistance  11950-11965 & Support 11870-11850 and 11800.

Option Data: Weekly pain near 11900.

Overview: Long momentum lost now; and expecting more sideways day in upcoming days.

Thanks n Regards! 

SanJeet Kumar

Twitter: www.twitter.com/sanjufunda

Telegram: t.me/sfviews

Nifty Outlook 13/10/2020

 Hello Friends, 

Previous Day: Finally some resistance faced by Nifty as told 12k big mark to cross; market opened near but rejected as soon. Also seen Trend break which shows some weakness now on upside and momentum pause.

Participant Wise: FII and Pro changed Bearish position; when clients opposite increased bullish position. Pro Net bearish.

OI Based: Nifty showing momentum lost with Future OI unwinding(Profit booking) and Bank nifty Fut OI flat change.

Trend: Multi timeframe, showing bullish trend. Only 15mins and hourly chart showing little divergence but until YL safe stay with bullish trend. Also hourly trend break.

Global: Global looks mixed.

Opening: SGX showing flat opening and insider day.

Range: Resistance  12000, 11945 & Support 11800 and 11870.

Option Data: Big 12k call short happening yesterday which making important resistance for current weekly expiry.

Overview: Long be caution now, only try until YL protected. If sustain below Low then can see Long Unwinding day. Trend break and Participant data showing either some sideways or retracement possible.

Thanks n Regards! 

SanJeet Kumar

Twitter: www.twitter.com/sanjufunda

Telegram: t.me/sfviews

Nifty Outlook 12/10/2020

Hello Friends, 

Previous Day: Keep momentum continue for upside and previous low keep protecting; nice pullback trading continue with vwap and fib.

Participant Wise: FII and Pro keep increasing bullish position; when clients opposite increased bearish position.

OI Based: Nifty showing momentum Future OI buildup and Bank nifty Fut OI also buildup from 2 days after some continue short covering.

Trend: Multi timeframe, showing bullish trend. Only 15mins and hourly chart showing little divergence but until YL safe stay with bullish trend.

Global: Global looks mixed.

Opening: SGX showing positive opening and one more gap up.

Range: Resistance  12000, 12150 & Support 11880-11900.

Option Data: Max pain shifted higher to 11700 overall from 11500. 12k is important hurdle to break mostly such level break with gap. important level to watch.

Overview: Stay bullish until reversal confirmation not getting. keep pullback trading than breakout trading as per intra perspective.

Thanks n Regards! 

SanJeet Kumar

Twitter: www.twitter.com/sanjufunda

Telegram: t.me/sfviews

Nifty Outlook 09/10/2020

Hello Friends, 

Previous Day: Keep momentum continue for upside and in last of expiry major profit booking seen with weekly put unwinding lead some profit booking dip.

Participant Wise: FII and Clients started week with overall bullish position when Pro starting with little Negative position.

OI Based: Nifty showing momentum Future OI buildup and Banknifty Fut OI also buildup after some continue short covering.

Trend: Multi timeframe, showing bullish trend. Only 15mins and hourly chart showing little divergence but until YL safe stay with bullish trend. Daily candle showing rejection but doji or reversal candle need additional information like follow-through.

Global: Global looks mixed.

Opening: SGX showing positive opening but insider opening.

Range: Resistance  11860, 11920 & Support 11790, 11680.

Overview: RBI policy today so mostly I play after announcement and contra perspective. No need to panic just wait for ur setup. 

Thanks n Regards! 

SanJeet Kumar

Twitter: www.twitter.com/sanjufunda

Telegram: t.me/sfviews

Nifty Outlook 08/10/2020

Hello Friends, 

Previous Day: Keep momentum continue for upside and traded above previous day with vwap support.

Participant Wise: FII ,Pro and Clients almost neutral changes and overall small bullish position except DII only Bearish.

OI Based: Nifty showing momentum Future OI buildup and Banknifty Fut OI unwinding.

Trend: Multi timeframe, showing bullish trend. Only 15mins and hourly chart showing little divergence but until YL safe stay with bullish trend.

Global: Global looks mixed and China market closed today.

Opening: SGX showing positive opening.

Range: Resistance  11800-11820 (major hurdle) & Support 11700, 11750. rest keep eye on strike price as weekly expiry today.

Overview: Good level for swing trader to book some profit and aggressive player can do pyramiding. No fresh long for swing and Intraday trader go for best RR setup.

Thanks n Regards! 

SanJeet Kumar

Twitter: www.twitter.com/sanjufunda

Telegram: t.me/sfviews

Nifty Outlook 07/10/2020

Hello Friends, 

Previous Day: Nice acceptance above Yesterday High, and proper test of supply. Personally i missed it in live so writing; i will remember next time.

Participant Wise: FII and Pro increase Bullish Position Change (Still Overall Position slight Neutral); Clients just opposite with Bearish Change (Overall Bullish). 

OI Based: Nifty showing momentum Future OI buildup and Banknifty Fut OI unwinding.

Trend: Multi timeframe, showing bullish trend remain resume.

Global: Global looks mixed.

Opening: SGX showing positive opening.

Range: Resistance 11700-11720 and 11800-11820 (major hurdle) & Support 11610, 11550.

Overview: Market too much stretchy for now and required some sort of correction or sideways formation very soon. So trade carefully either long or short; I will go for low risk setup which ever early i got.

Thanks n Regards! 

SanJeet Kumar

Twitter: www.twitter.com/sanjufunda

Telegram: t.me/sfviews

Nifty Outlook 06/10/2020

Hello Friends, 

Previous Day: After 3 days vacation and news market opened high and keep moving higher; but at top market shown weakness and profit booking as distribution zone and below it nice fall. later on retrace back near to vwap. covered in telegram and twitter updated later.

https://twitter.com/sanjufunda/status/1313024553464066049?s=20

Participant Wise: FII and Pro increase Bearish Position Change (Still Overall Position slight Neutral); Clients just opposite with Bullish Change (Overall Bullish). 

OI Based: Nifty showing Future OI buildup and Banknifty Fut OI unwinding.

Trend: Multi timeframe, showing bullish trend remain resume.

Global: Global looks Neutral.

Opening: SGX showing positive opening.

Range: Resistance 11600-11625 and 11680-11700 & Support 11525 and 11450. 

Overview: Careful near Yesterday high, if that accepted then stay long until previous close protected.

Thanks n Regards! 

SanJeet Kumar

Twitter: www.twitter.com/sanjufunda

Telegram: t.me/sfviews

Nifty Outlook 05/10/2020

Hello Friends, 

Previous Day: As told market remain buy in dip mode for full day near vwap and supply zone.

Participant Wise: FII and Pro increase Bullish Position Change (Still Overall Position slight Neutral); Clients just opposite with Bearish Change (Overall Bullish). 

OI Based: Nifty showing Future OI buildup and Banknifty Fut OI unwinding.

Trend: Multi timeframe, showing bullish trend remain resume.

Global: Global looks good and green. 

Opening: SGX showing flat opening.

Range: Resistance 11500-11525 and 11600-11625 & Support 11400 and 11300-11325. these levels valid for till weekly expiry.

Overview: After 3 days vacation Market first willing to settle first 1hr then will decide direction as per option chain in live market. Mostly chances sideways to bullish.

Twitter: www.twitter.com/sanjufunda

Telegram: t.me/sfviews

Post Analysis: After 3 days vacation and news market opened high and keep moving higher; but at top market shown weakness and profit booking as distribution zone and below it nice fall. later on retrace back near to vwap. covered in telegram and twitter updated later.

https://twitter.com/sanjufunda/status/1313024553464066049?s=20

Thanks n Regards! 

SanJeet Kumar

Nifty Outlook 01/10/2020

Hello Friends, 

Previous Day: market remain perfectly insider day as per overview.

Participant Wise: FII and Pro increase Bullish Position Change (Still Overall Position slight Neutral); Clients just opposite with Bearish Change (Overall Bullish). 

OI Based: Nifty and Banknifty showing Future OI buildup from last 2 days.

Trend: Multi timeframe, showing bullish trend resume above 11300.

Global: Global looks good and green. 

Opening: SGX showing good gapup. 

Range: Bullish above 11300 (support level); weekly expiry so each strike will act good resistance or support.

Overview: Opening above resistance, so 11300 now work like support and market looks like buy in dip today. neutral strategy risky today.

Twitter: www.twitter.com/sanjufunda

Telegram: t.me/sfviews

Post Analysis: As told market remain buy in dip mode for full day near vwap and supply zone.

Thanks n Regards! 

SanJeet Kumar

Nifty Outlook 30/09/2020

Hello Friends, 

Previous Day: Day start with gap rejection and orb low triggered; then tested yesterday yellow zone and then current day green zone as per pic. (see previous day summary)

Participant Wise: FII and Pro increase Bearish Position Change (Still Overall Position slight Bearish); Clients just opposite with Bullish Change (Overall Bullish). 

OI Based: Nifty and Banknifty showing Future OI buildup.

Trend: Daily Showing rangebound volatile days coming, Hourly resistance near 11300. 

Global: Global looks mixed open. 

Opening: SGX showing open will minor upside. 

Range: Yesterday HIGH and LOW (11185-11300).

Overview: Seems insider day but if we break yesterday high or low and sustain can be trendy day.

Twitter: www.twitter.com/sanjufunda

Telegram: t.me/sfviews

Post Analysis: market remain perfectly insider day.

Thanks n Regards! 

SanJeet Kumar

Nifty Outlook 29/09/2020

Hello Friends, 

Previous Day: Opened with gap up and bears not get chance to exit, and price rallied up with bears wanted to exit at any cost. Full day trendy and found resistance at 11200 level. 

Participant Wise: FII and Pro increase Bullish Position Change (Still Overall Position slight Bearish); Clients just opposite with Bearish Change (Overall Bullish). 

OI Based: Nifty showing Future OI buildup but Bank nifty almost flat OI; Showing Big accumulation/distribution day (It will work like demand supply now). 

Trend: Daily Showing rangebound volatile days coming, Hourly resistance near 11300. 

Global: Global looks mixed open. 

Opening: SGX showing open will happen with small gap. 

Range: 11200-11230 range is good support for today and 11270-11300 resistance zone. 

Overview: After Friday and Monday trendy move and as per data and chart looks weak for upside, expected day between the range, upside now some exhaustion after good up move. 

www.twitter.com/sanjufunda 

t.me/sfviews 

Post Analysis: Day start with gap rejection and orb low triggered; then tested yesterday yellow zone and then current day green zone as per pic. 

Thanks n Regards! 

SanJeet Kumar

Nifty Outlook 28/09/2020

Hello Friends,

Previous Day:        Market open inside and rallied short covering.

Participant Wise:   FII & Pro start with Bullish Position Change (Still Overall Position slight Bearish); Clients just opposite with Bearish Change (Overall Bullish).

OI Based:              Both index showing Future OI unwinding; confirming short covering rally last day.

Trend:                    Daily Showing rangebound volatile days coming, Swing trend weak below 11200.

Global:                  Global looks good and green open.

Opening:               Market opening with small gap.

Range:                   10950-11000 range is good support for today and 11200 resistance zone.

Overview:              After Friday trendy move and as per data and chart looks sideways day between the range.

www.twitter.com/sanjufunda

t.me/sfviews

Post Analysis: Opened with gap up and bears not get chance to exit, and price rallied up with bears wanted to exit at any cost. Full day trendy and found resistance at 11200 level.

Thanks n Regards!

SanJeet Kumar