NIFTY 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 : Neutral, PCR: 0.67↓, IVP: 27↓, IV: 16↓, VIX: 18.25↓ (32/37)↓
↑Up : 17100, 17150, 17200, 17250, 17300.
↓Down : 17000, 16950, 16900, 16850, 16750.
Market Opening(*Expected): Gapdown
Activity: Short Covering/Short Buildup
Conclusion: From above the nutshell, Observed that Derivative data is partial positive where other components are neutral along with overall sentiments. As per Global data indicates negative against Asian data, The Market may open from 1% lower. And the market may move with symmetrical triangle structure in a volatile range. It is more likely to move upside after consolidation.
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.
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 : Neutral, PCR: 0.67↓, IVP: 27↓, IV: 16↓, VIX: 18.25↓ (32/37)↓
↑Up : 17100, 17150, 17200, 17250, 17300.
↓Down : 17000, 16950, 16900, 16850, 16750.
Market Opening(*Expected): Gapdown
Activity: Short Covering/Short Buildup
Conclusion: From above the nutshell, Observed that Derivative data is partial positive where other components are neutral along with overall sentiments. As per Global data indicates negative against Asian data, The Market may open from 1% lower. And the market may move with symmetrical triangle structure in a volatile range. It is more likely to move upside after consolidation.
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.