BANKNIFTY analogy for Oct 27th-3rd Nov: Slow & Neutral momentum

BANKNIFTY Pre-analysis::::::::::::
Overall Structure : Uptrend
Index components : Positive Neutral Correlation
FGI Sentiments : Bullish ; Indian 45↑ & Global 58↑
FII /DII Status : Positive in Cash Market & Derivatives (With Combined OI)
Insider Data : Neutral, PCR: 0.98↓, IVP: 13↓, IV: 19↓, VIX: 17↓ (27/33)↓
↑Upper Level : 41800, 42000, 42200, 42400, 42600.
↓Lower Level : 41500, 41200, 41000, 40800, 40500.
Market Opening(*Expected): Huge Gapup
Activity: Short Buildup/Short Covering
Conclusion: Probability of gapup to range or downward movement.
Have a Happy & Safe Trading!
(Data source11:00 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% accurate. This strategy is for knowledge point of view only & is subjected to market risk.