BANKNIFTY range setup for Aug 25th/1st Sep : Avoid Gapup Neutral
Overall Structure : Neutral
Index components : Neutral Correlation
FGI Sentiments : Greedy - 71.98↑ Indian & 47↑ Global
Insider Data : Neutral, PCR: 0.76↑, IVP: 8↓, Low IV: 17.6↑, VIX: 18.43↓ (23/29)↓
↑Up : 39400, 39800, 40200, 40500
↓Down : 38650, 38300, 37900, 37500
Market Opening(*Expected): Huge Gapup
Conclusion/Activity : Gapup to Range/Downward
~~~~~~~~~~~~~~~~~~~~~~~~~
***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 source23:00 IST)***
Index components : Neutral Correlation
FGI Sentiments : Greedy - 71.98↑ Indian & 47↑ Global
Insider Data : Neutral, PCR: 0.76↑, IVP: 8↓, Low IV: 17.6↑, VIX: 18.43↓ (23/29)↓
↑Up : 39400, 39800, 40200, 40500
↓Down : 38650, 38300, 37900, 37500
Market Opening(*Expected): Huge Gapup
Conclusion/Activity : Gapup to Range/Downward
~~~~~~~~~~~~~~~~~~~~~~~~~
***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 source23:00 IST)***
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.