Wednesday, 30 September 2020

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.

Telegram: t.me/sfviews

Post Analysis: market remain perfectly insider day.



Thanks n Regards! 
SanJeet Kumar
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