Banknifty range setup for Aug 23rd/25th : Bearish Continuation
Overall Structure : Downtrend
Index components : Bearish Correlation
FGI Sentiments : Neutral - 69.04↓ Indian & 46↓ Global
Insider Data : Bearish , PCR: 0.59↓, IVP: 29↑, High IV: 21.0↑, VIX: 19.03↑ (24/29)↑
↑Up : 38600, 38800, 39100, 39400
↓Down : 38100, 37800, 37500, 37200
Market Opening(*Expected): Gapdown
Conclusion/Activity : Short Buildup
~~~~~~~~~~~~~~~~~~~~~~~~~
***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.
(Data source@23:00 IST)***
Index components : Bearish Correlation
FGI Sentiments : Neutral - 69.04↓ Indian & 46↓ Global
Insider Data : Bearish , PCR: 0.59↓, IVP: 29↑, High IV: 21.0↑, VIX: 19.03↑ (24/29)↑
↑Up : 38600, 38800, 39100, 39400
↓Down : 38100, 37800, 37500, 37200
Market Opening(*Expected): Gapdown
Conclusion/Activity : Short Buildup
~~~~~~~~~~~~~~~~~~~~~~~~~
***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.
(Data source@23:00 IST)***