Nifty Bank IndexViés de baixa
Banknifty prediction for today 19 APR 24
Atualizado
As we discussed, Banknifty has been falling for the last four sessions.
If we look at the charts:
The market is reaching near the support trendline, which is going to provide a potential support zone for Banknifty.
if we look at the OI:
PCR = 0.67 shows the market is in a bearish phase. 47000 is going to provide a good support zone as it has good PE writing and also a logical level of support. On the higher side, above 47500, there is good CE writing at each level.
If we look at the FII & DII data, FII is strong, and bearish clients are bullish, which shows the market is going to open a gap-down.
The market should open a gap down. If the Mmarkettakes support near 46500, then a bullish comeback might be seen in the market
Reasons:
Verdict: Bearish
Plan of action: Sell 47000 PE (Hedge with 15/- PE premium)
If we look at the charts:
The market is reaching near the support trendline, which is going to provide a potential support zone for Banknifty.
if we look at the OI:
PCR = 0.67 shows the market is in a bearish phase. 47000 is going to provide a good support zone as it has good PE writing and also a logical level of support. On the higher side, above 47500, there is good CE writing at each level.
If we look at the FII & DII data, FII is strong, and bearish clients are bullish, which shows the market is going to open a gap-down.
The market should open a gap down. If the Mmarkettakes support near 46500, then a bullish comeback might be seen in the market
Reasons:
- Price < EMAs shows the market is in a bearish phase. And bears are strong.
- RSI < 40 shows strong bears' power. (Bearish)
- PCR = 0.67, which has been falling rapidly from 1.34. shows bears are actively increasing their position size. (Bearish)
- Price < VWAP shows a bearish market structure. (Bearish)
- The war situation is also having a negative impact on the market. (Bearish)
Verdict: Bearish
Plan of action: Sell 47000 PE (Hedge with 15/- PE premium)
Trade ativo
Bearish entry getting prepared...people can go bearish now....Nota
wait for this to break...
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