Hello Friends,
Previous Day: Keep momentum continue for upside and previous low keep protecting; nice pullback trading continue with vwap and fib.
Participant Wise: FII and Pro keep increasing bullish position; when clients opposite increased bearish position.
OI Based: Nifty showing momentum Future OI buildup and Bank nifty Fut OI also buildup from 2 days 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.
Global: Global looks mixed.
Opening: SGX showing positive opening and one more gap up.
Range: Resistance 12000, 12150 & Support 11880-11900.
Option Data: Max pain shifted higher to 11700 overall from 11500. 12k is important hurdle to break mostly such level break with gap. important level to watch.
Overview: Stay bullish until reversal confirmation not getting. keep pullback trading than breakout trading as per intra perspective.
Thanks n Regards!
SanJeet Kumar
Twitter: www.twitter.com/sanjufunda
Telegram: t.me/sfviews
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