NIFTY analogy for 7th/13th Oct : Turning towards Bearish Impulse
NIFTY Pre-analysis::::::::::::
Overall Structure : Sideway
Index components : Neutral Correlation
FGI Sentiments : Neutral- 37↑ Indian & 32↑ Global
Insider Data : Neutral, PCR: 0.82↓, IVP: 31↑, IV: 16↓, VIX: 19.31↓ (20/35)↑
↑Up : 17360, 17430, 17480, 17530, 17580, 17650.
↓Down : 17290, 17250, 17190, 17120, 17070.
Market Opening(*Expected): Flat
Activity: Short Buildup
Conclusion: At Corrective point-C, Market tried to fall down. Probability of Bearish Impulsive move tomorrow. If Trend fails to break the level, Keep focus on Strangle for Range trading.
(Data source@21:00 IST)***
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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.
Overall Structure : Sideway
Index components : Neutral Correlation
FGI Sentiments : Neutral- 37↑ Indian & 32↑ Global
Insider Data : Neutral, PCR: 0.82↓, IVP: 31↑, IV: 16↓, VIX: 19.31↓ (20/35)↑
↑Up : 17360, 17430, 17480, 17530, 17580, 17650.
↓Down : 17290, 17250, 17190, 17120, 17070.
Market Opening(*Expected): Flat
Activity: Short Buildup
Conclusion: At Corrective point-C, Market tried to fall down. Probability of Bearish Impulsive move tomorrow. If Trend fails to break the level, Keep focus on Strangle for Range trading.
(Data source@21:00 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.