Wednesday, 14 October 2020

Nifty Outlook 14/10/2020

Hello Friends, 


Previous Day: Market remain weak after bearish position build by FII and Trend Pause.


Participant Wise: FII and Pro changed Bearish position; when clients opposite increased bullish position. Pro Net bearish.
OI Based: Nifty and Banknifty showing OI buildup in future.
Trend: Multi timeframe, showing bullish trend until 11550 level; lower tf showing some sideways to bearish formation.
Global: Global looking weak now.
Opening: SGX showing Minor insider negative opening.
Range: Resistance  11950-11965 & Support 11870-11850 and 11800.
Option Data: Weekly pain near 11900.

Overview: Long momentum lost now; and expecting more sideways day in upcoming days.


Thanks n Regards! 
SanJeet Kumar
Telegram: t.me/sfviews
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