BANKNIFTY analogy for 10-17th Nov: Struggling to break Upper Ckt
BANKNIFTY Pre-analysis::::::::::::
Overall Structure : Uptrend
Index Components : Neutral Correlation
FGI Sentiments : Neutral; Indian 60↓ & Global 63↑
FII /DII Status : Negative in Cash Market & Derivatives (With Combined OI)
Insider Data : Negative, PCR: 0.84↓, IVP: 2↓, Low IV: 16↓, VIX: 15.56↓ (23/29)↓
↑Upper Level : 42300, 42400, 42500, 42600, 42700, 42800.
↓Lower Level : 42200, 42080, 41950, 41800, 41650.
Market Opening(*Expected ORB): Huge Gapup
Activity: Long Buildup/Short covering
Conclusion: From above the nutshell, Showing Derivative data was negative and sentiment is neutral. Here Global market indicates positive sign whereas the Asian market shows neutral. Observed VIX is at lower top lower button. It's probability of 1.5% gapup tomorrow and rallies/soars towards 43000 by coming week after a volatile breakout.
Have a Happy & Safe Trading!
(Data source@22:00 IST)***
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***Note: Identify the B/S zone, Follow the trend direction with strong confirmation.
Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines, Employment risks, GST Rate Hikes.
Nothing works 100% of the market. It depends on 50% weightage of technical chart, 25% to OI, and 25% to FII data.
We rigorously tested the strategy and is 88% accurate. This strategy is for knowledge point of view only & is subjected to market risk.
Overall Structure : Uptrend
Index Components : Neutral Correlation
FGI Sentiments : Neutral; Indian 60↓ & Global 63↑
FII /DII Status : Negative in Cash Market & Derivatives (With Combined OI)
Insider Data : Negative, PCR: 0.84↓, IVP: 2↓, Low IV: 16↓, VIX: 15.56↓ (23/29)↓
↑Upper Level : 42300, 42400, 42500, 42600, 42700, 42800.
↓Lower Level : 42200, 42080, 41950, 41800, 41650.
Market Opening(*Expected ORB): Huge Gapup
Activity: Long Buildup/Short covering
Conclusion: From above the nutshell, Showing Derivative data was negative and sentiment is neutral. Here Global market indicates positive sign whereas the Asian market shows neutral. Observed VIX is at lower top lower button. It's probability of 1.5% gapup tomorrow and rallies/soars towards 43000 by coming week after a volatile breakout.
Have a Happy & Safe Trading!
(Data source@22:00 IST)***
___________________________________
***Note: Identify the B/S zone, Follow the trend direction with strong confirmation.
Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines, Employment risks, GST Rate Hikes.
Nothing works 100% of the market. It depends on 50% weightage of technical chart, 25% to OI, and 25% to FII data.
We rigorously tested the strategy and is 88% accurate. This strategy is for knowledge point of view only & is subjected to market risk.
