BANKNIFTY analogy for Oct 4th/6th : Another Volatility Range
BANKNIFTY Pre-analysis::::::::::::
Overall Structure : Bearish
Index components : Neutral Correlation
FGI Sentiments : Selling - 28↓ Indian & 24↑ Global
Insider Data : Bearish Neutral, PCR: 0.74↓, IVP: 74↑, IV: 28.2↑, VIX: 21.36↑ (30/35)↓
↑Up : 39050, 39250, 39450, 39670, 39880.
↓Down : 38400, 38230, 38030, 37850, 37630.
Market Opening(*Expected): Huge Gap up (300-600pts)
Activity: Short Covering
Conclusion: Probability of create volatility range between 39100-37800 this week.
(Data source@11:00 IST)***
~~~~~~~~~~~~~~~~~~~~~~~~~
***Note: Identify the B/S zone, Follow the trend direction, ORB 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 : Bearish
Index components : Neutral Correlation
FGI Sentiments : Selling - 28↓ Indian & 24↑ Global
Insider Data : Bearish Neutral, PCR: 0.74↓, IVP: 74↑, IV: 28.2↑, VIX: 21.36↑ (30/35)↓
↑Up : 39050, 39250, 39450, 39670, 39880.
↓Down : 38400, 38230, 38030, 37850, 37630.
Market Opening(*Expected): Huge Gap up (300-600pts)
Activity: Short Covering
Conclusion: Probability of create volatility range between 39100-37800 this week.
(Data source@11:00 IST)***
~~~~~~~~~~~~~~~~~~~~~~~~~
***Note: Identify the B/S zone, Follow the trend direction, ORB 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.