Hello Friends,
Previous Day: As told market remain buy in dip mode for full day near vwap and supply zone.
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 showing Future OI buildup and Banknifty Fut OI unwinding.
Trend: Multi timeframe, showing bullish trend remain resume.
Global: Global looks good and green.
Opening: SGX showing flat opening.
Range: Resistance 11500-11525 and 11600-11625 & Support 11400 and 11300-11325. these levels valid for till weekly expiry.
Overview: After 3 days vacation Market first willing to settle first 1hr then will decide direction as per option chain in live market. Mostly chances sideways to bullish.
Twitter: www.twitter.com/sanjufunda
Telegram: t.me/sfviews
Post Analysis: After 3 days vacation and news market opened high and keep moving higher; but at top market shown weakness and profit booking as distribution zone and below it nice fall. later on retrace back near to vwap. covered in telegram and twitter updated later.
Thanks n Regards!
SanJeet Kumar
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