Hello Friends,
Previous Day: Keep momentum continue for upside and in last of expiry major profit booking seen with weekly put unwinding lead some profit booking dip.
Participant Wise: FII and Clients started week with overall bullish position when Pro starting with little Negative position.
OI Based: Nifty showing momentum Future OI buildup and Banknifty Fut OI also buildup after some continue short covering.
Trend: Multi timeframe, showing bullish trend. Only 15mins and hourly chart showing little divergence but until YL safe stay with bullish trend. Daily candle showing rejection but doji or reversal candle need additional information like follow-through.
Global: Global looks mixed.
Opening: SGX showing positive opening but insider opening.
Range: Resistance 11860, 11920 & Support 11790, 11680.
Overview: RBI policy today so mostly I play after announcement and contra perspective. No need to panic just wait for ur setup.
Thanks n Regards!
SanJeet Kumar
Twitter: www.twitter.com/sanjufunda
Telegram: t.me/sfviews
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