Tuesday, 20 October 2020

Nifty Outlook 20/10/2020

Hello Friends, 


Previous Day: Market stay above YL and shown reversal from imp level.


Participant Wise: FII changes minor bearish and  Pro & Client changed Bullish position.
OI Based: Nifty and Banknifty showing small OI  buildup.
Trend: Multi timeframe, showing bullish trend until 11550 level; Lower tf also turned bullish but at resistance level.
Global: Global looking mixed.
Opening: SGX showing minor negative open.
Range: Resistance 11900 and support 11820-11800, 11750 as per previous closing.


Overview: Data and chart not so gud for uptrend resume until PH not sustain. so expectation is sideways day within range.

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

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