BANKNIFTY analogy for 17th-20th Oct : Breakout after Consolidate
BANKNIFTY Pre-analysis::::::::::::
Overall Structure : Sideway
Index components : Neutral Correlation
FGI Sentiments : Neutral ; Indian 28↑ & Global 21↓
FII /DII Status : Positive in Cash Market & Derivatives (With Combined OI)
Insider Data : Negative, PCR: 0.76↑, IVP: 22↓, IV: 20↓, VIX: 20.30↑ (32/38)↓
↑Up : 39500, 39700, 39900, 40100, 40300.
↓Down : 39000, 38800, 38500, 38300, 38000.
Market Opening(*Expected): Gapdown/Flat
Activity: Short Covering/Short Buildup
Conclusion: As on Request.
Have a Happy & Safe Trading!
(Data source@20:00 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 88.6% accurate. This strategy is for knowledge point of view only & is subjected to market risk.
Overall Structure : Sideway
Index components : Neutral Correlation
FGI Sentiments : Neutral ; Indian 28↑ & Global 21↓
FII /DII Status : Positive in Cash Market & Derivatives (With Combined OI)
Insider Data : Negative, PCR: 0.76↑, IVP: 22↓, IV: 20↓, VIX: 20.30↑ (32/38)↓
↑Up : 39500, 39700, 39900, 40100, 40300.
↓Down : 39000, 38800, 38500, 38300, 38000.
Market Opening(*Expected): Gapdown/Flat
Activity: Short Covering/Short Buildup
Conclusion: As on Request.
Have a Happy & Safe Trading!
(Data source@20:00 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 88.6% accurate. This strategy is for knowledge point of view only & is subjected to market risk.