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)
~~~~~~~~~~~~~~~~~~~~~~~~~
***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 - 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)
~~~~~~~~~~~~~~~~~~~~~~~~~
***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)***
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.