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.
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
Zabardast
ReplyDeleteThank you Sanju Sir for your work! Your market commentary has been helping us immensely for making quick decision during market hours. Now this pre market analysis is again going to help us focus better! Thank you... Thank you...
ReplyDeletecrispy & to the point analysis. a hallmark of a trained engineer.hats off sanju sir.excellent analysis.
ReplyDeleteGreat.. keep going
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