NIFTY analogy for 6th/13th Oct : Corrective Move
NIFTY Pre-analysis::::::::::::
Overall Structure : Corrective move
Index components : Neutral Correlation
FGI Sentiments : Negative - 30↑ Indian & 32↑ Global
Insider Data : Neutral, PCR: 1.02↑, IVP: 15↓, IV: 18↓, VIX: 19.57↓ (29/34)↓
↑Up : 17320, 17350, 17400, 17450, 17500.
↓Down : 17200, 17160, 17120, 17070, 17030.
Market Opening(*Expected): Flat/Partial Gapup
Activity: Short Covering/Short Buildup
Conclusion: Probability of take 1st rejection at 17400 upward level.
(Data source11:00 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 risk.
Overall Structure : Corrective move
Index components : Neutral Correlation
FGI Sentiments : Negative - 30↑ Indian & 32↑ Global
Insider Data : Neutral, PCR: 1.02↑, IVP: 15↓, IV: 18↓, VIX: 19.57↓ (29/34)↓
↑Up : 17320, 17350, 17400, 17450, 17500.
↓Down : 17200, 17160, 17120, 17070, 17030.
Market Opening(*Expected): Flat/Partial Gapup
Activity: Short Covering/Short Buildup
Conclusion: Probability of take 1st rejection at 17400 upward level.
(Data source11:00 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 risk.
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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.