Nifty range setup for 5th July | Seeks a Corrective move
Overall Structure : Neutral
Index components : Neutral correlation
FGI Sentiments : Neutral - 50.93↑ Indian & 24↑ Global
Insider Data : Neutral, PCR: 1.10↑, IVP: 70↑, IV: 20.8↑ High, VIX: 20.97(27/34)↓
↑Up : 15900, 15960, 16010, 16080, 16170.
↓Down : 15750, 15670, 15610, 15510, 15420.
Market Opening : Gapdown (Expected*)
Activity : Short Buildup/Short Covering (rebalancing)
Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines scenario.
Conclusion: N/A
~~~~~~~~~~~~~~~~~~~~~~~~~
***Note: Identify the B/S zone, Follow the trend direction with a confirmation.
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 source20:30 IST)***
Index components : Neutral correlation
FGI Sentiments : Neutral - 50.93↑ Indian & 24↑ Global
Insider Data : Neutral, PCR: 1.10↑, IVP: 70↑, IV: 20.8↑ High, VIX: 20.97(27/34)↓
↑Up : 15900, 15960, 16010, 16080, 16170.
↓Down : 15750, 15670, 15610, 15510, 15420.
Market Opening : Gapdown (Expected*)
Activity : Short Buildup/Short Covering (rebalancing)
Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines scenario.
Conclusion: N/A
~~~~~~~~~~~~~~~~~~~~~~~~~
***Note: Identify the B/S zone, Follow the trend direction with a confirmation.
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 source20:30 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.
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.