29OCT2021

Indian Indices (Fut) Last Session:
🔴 Nifty broken 18000 with a #BearishMarubuzo in daily TF.
🔴 Nifty has formed a #EveningStar pattern in weekly scale
🔴 BankNifty broke 41450 support & closed lower -1365(3.5%)
🔴 SmallCap & MidCap indexes corrected nearly 8-9% from top.

Institutional Data:
🔴 FII sold 6500 work stocks and index excluding the options
🔴 FII's have sold 18,500 cr equities in cash the last 7 days.
🔴 FII's have sold 7,130 cr index futures in the last 7 days.
🔴 FII have sold 23,900 Cr stock futures in the last 31 days.

#Nifty Technicals:
🔴 Nifty broke rising regression channel with #VSABreakDown bar
🟢 Nifty trading near oversold and demand zone and can bounce.
🟢 RSIStairs bullish D(47.9), W(68.6), M(79.8) & ADX D(38.39).
🟢 Nifty broken the SuperTrend(10,2) & 20DEMA 18027 today DCB.

Global markets (Last Session):
🔴 US markets closed higher pairing previous session losses.
🟠 European markets recovered from the lows to close flat.
🟢 DXY closed @93.34 (-0.49%). US 10YR yield @1.58 (+2.53%)
🟢 Brent crude closed @84.5 with 0.4% loss from previous day.

Global markets (Morning Cues @08.40 AM):
🔴 Asian peers trading mixed. US/Europe Futures trading flat.
🟢 SGXNifty trading up by 4 points indicating flat opening.

Intraday #Nifty Futures Levels
🟠 Range: 17615/17665/17735/17797-17935/17986/18078/18206.
🟠 RDX Score- 15M(-6*)/75M(-5*)/1D(+2*)/1W(+5*) #Caution

Intraday #BankNifty Futures Levels
🟠 Range: 38844/39016/39215/39409-39838/39964/40040/40199.
🟠 RDX Score- 15M(-6*)/75M(-5*)/1D(+2*)/1W(+5*) #Caution
#MarketOutlook #TradePlan #PreOpenUpdate #IndexFutLevels

Yesterday Closing #Nifty Trade:
🟢 #BTST #BullishBrokenWingStraddle (-2x ATM PE, -1x ATM/OTM CE)
🟢 Trade taken with view of higher weighted avg close & gap up.

Intraday Index Trade Plan
🟡 #TrailSL and #Hold the #BTST #BullishBrokenWingStraddle