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.
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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
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