Hello Friends,
Previous Day: Market remain weak; once price structure make short covering technically; Pro trader done big short covering position and changes bullish.
Participant Wise: FII changed Bearish position; when clients and Pro opposite increased bullish position. Pro & FII Net bearish.
OI Based: Nifty future OI unwinding with FII long unwinding position and Banknifty showing OI buildup in future.
Trend: Multi timeframe, showing bullish trend until 11550 level; lower TF showing some market will remain weak.
Global: Global looking weak again.
Opening: SGX showing sideways opening.
Range: Resistance 12000 & Support 11950, 11900.
Option Data: Weekly pain near 11950.
Overview: Long momentum lost now; and expecting more sideways day in upcoming days.
Thanks n Regards!
SanJeet Kumar
Twitter: www.twitter.com/sanjufunda
Telegram: t.me/sfviews
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