BANKNIFTY analogy for Sep 5th/8th Sep : No Trade until sig break
BANKNIFTY Pre-analysis::::::::::::
Overall Structure : Bearish Neutral
Index components : Neutral Correlation
FGI Sentiments : Neutral - 60.16↑ Indian & 41↓ Global
Insider Data : Bearish Neutral, PCR: 0.91↑, IVP: 23↓, IV: 20.5↑, VIX: 19.55↓ (25/32)↓
↑Up : 39580, 29750, 39900, 40150, 40300
↓Down : 39180, 39000, 38850, 38700, 38500
Market Opening(*Expected): Partial Gap down/Flat
Conclusion: Probability of breakdown after consolidation. Sell Below 39150. If breakdown fails, buy above 39700.
(Data source@11:00 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 : Bearish Neutral
Index components : Neutral Correlation
FGI Sentiments : Neutral - 60.16↑ Indian & 41↓ Global
Insider Data : Bearish Neutral, PCR: 0.91↑, IVP: 23↓, IV: 20.5↑, VIX: 19.55↓ (25/32)↓
↑Up : 39580, 29750, 39900, 40150, 40300
↓Down : 39180, 39000, 38850, 38700, 38500
Market Opening(*Expected): Partial Gap down/Flat
Conclusion: Probability of breakdown after consolidation. Sell Below 39150. If breakdown fails, buy above 39700.
(Data source@11:00 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.
