BANKNIFTY analogy for 19th-20th Oct : Negative Volatility

BANKNIFTY Pre-analysis::::::::::::
Overall Structure : Sideways
Index components : Neutral Correlation
FGI Sentiments : Low Risk; Indian 40↑ & Global 35↑
FII /DII Status : Positive in Cash Market & Derivatives (With Combined OI)
Insider Data : Neutral, PCR: 1.24↓, IVP: 40↓, IV: 21↓, VIX: 17.45↓ (31/36)↓
↑Up : 40400, 40600, 40800, 41000, 41200.
↓Down : 40000, 39800, 39600, 39400, 39200.
Market Opening(*Expected): Gapdown (upto 200pts)
Activity: Short Covering/Short Buildup
Conclusion: As on Request (at 9.15)
Have a Happy & Safe Trading!
(Data source20:00 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