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