Nifty Bank IndexShort
BANKNIFTY range setup for Aug 29th/1st Sep : Bearish Turn Coming
Overall Structure : Neutral
Index components : Neutral Correlation
FGI Sentiments : Neutral - 68.52↓ Indian & 44↓ Global
Insider Data : Neutral, PCR: 0.66↓, IVP: 1↓, Low IV: 15.7↓, VIX: 18.21↓ (25/31)↑
↑Up : 38800, 39150, 39450, 39750
↓Down : 38400, 38050, 37700, 37330
Market Opening(*Expected): Huge Gapdown
Conclusion/Activity : Gapdown to upward/neutral
~~~~~~~~~~~~~~~~~~~~~~~~~
***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 source19:00 IST)**
Index components : Neutral Correlation
FGI Sentiments : Neutral - 68.52↓ Indian & 44↓ Global
Insider Data : Neutral, PCR: 0.66↓, IVP: 1↓, Low IV: 15.7↓, VIX: 18.21↓ (25/31)↑
↑Up : 38800, 39150, 39450, 39750
↓Down : 38400, 38050, 37700, 37330
Market Opening(*Expected): Huge Gapdown
Conclusion/Activity : Gapdown to upward/neutral
~~~~~~~~~~~~~~~~~~~~~~~~~
***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 source19:00 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.