Nifty 50 IndexShort
NIFTY range setup for Aug 30th/1st Sep : Avoid the Range Day
Overall Structure : Bearish/Downtrend
Index components : Neutral Correlation
FGI Sentiments : Neutral - 63.81↓ Indian & 55↑ Global
Insider Data : Bearish Neutral, PCR: 0.80↑, IVP: 57↑, IV: 18.3↑, VIX: 19.82↑ (26/32)↑
↑Up : 17500, 17600, 17700. 17800, 18900.
↓Down : 17350, 17250, 17150, 17050, 17000.
Market Opening(*Expected): Flat/Partial Gap
Conclusion/Activity : Down after consolidation (Avoid low momentum range day)
~~~~~~~~~~~~~~~~~~~~~~~~~
***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 source11:00 IST)***
Index components : Neutral Correlation
FGI Sentiments : Neutral - 63.81↓ Indian & 55↑ Global
Insider Data : Bearish Neutral, PCR: 0.80↑, IVP: 57↑, IV: 18.3↑, VIX: 19.82↑ (26/32)↑
↑Up : 17500, 17600, 17700. 17800, 18900.
↓Down : 17350, 17250, 17150, 17050, 17000.
Market Opening(*Expected): Flat/Partial Gap
Conclusion/Activity : Down after consolidation (Avoid low momentum range day)
~~~~~~~~~~~~~~~~~~~~~~~~~
***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 source11:00 IST)***
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Related publications
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.