BANKNIFTY range setup for Sep 1st/8th Sep :Avoid Sideway Go Down

Overall Structure : Bearish /Downtrend
Index components : Neutral Correlation
FGI Sentiments : Neutral - 57.27↓ Indian & 48↓ Global
Insider Data : Neutral, PCR: 0.78↑, IVP: 16↑, Low IV: 19.4↑, VIX: 18.70↓ (25/32)↓
↑Up : 39200, 39400, 39600, 39800, 40000
↓Down : 39000, 38800, 38600, 38400, 38200
Market Opening(*Expected): Gapdown
Conclusion/Activity : Down after consolidation (Avoid low momentum sideway)

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***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)***