Thursday 1 October 2020

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.

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

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