BANKNIFTY analogy for 12th/13th Oct : Bearish Impulse
BANKNIFTY Pre-analysis::::::::::::
Overall Structure : Downtrend
Index components : Bearish Correlation
FGI Sentiments : Negative- 24↓ Indian & 20↓ Global
Insider Data : Bearish, PCR: 0.69↓, IVP: 75↑, IV: 28↑, VIX: 20.50↑ (33/38)↑
↑Up : 39250, 39400, 39580, 39720, 39900.
↓Down : 38840, 38700, 38500, 38350, 38200.
Market Opening(*Expected): Partial Gapup
Activity: Short Buildup/Short Covering
Remarks: Probability of Gapup to sideway consolidation then breakdown
(Data source22:00 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 : Downtrend
Index components : Bearish Correlation
FGI Sentiments : Negative- 24↓ Indian & 20↓ Global
Insider Data : Bearish, PCR: 0.69↓, IVP: 75↑, IV: 28↑, VIX: 20.50↑ (33/38)↑
↑Up : 39250, 39400, 39580, 39720, 39900.
↓Down : 38840, 38700, 38500, 38350, 38200.
Market Opening(*Expected): Partial Gapup
Activity: Short Buildup/Short Covering
Remarks: Probability of Gapup to sideway consolidation then breakdown
(Data source22:00 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.
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