NIFTY Pre-analysis::::::::::::
Overall Structure : Sideway
Index Components : Neutral Correlation
FGI Sentiments : Bullish; Indian 61↑ & Global 62↓
FII /DII Status : Neutral in Cash Market & Derivatives (With Combined OI)
Insider Data : Neutral, PCR: 0.73↓, IVP: 0.4↓, Low IV: 11.74↓, VIX: 14.39↓ (23/29)↓
↑Upper Level : 18380, 18450, 18500, 18550, 18600.
↓Lower Level : 18200, 18150, 18100, 18050, 18000.
Market Opening(*Expected ORB): Flat/Gapup
Activity: Long Buildup/Short Buildup
Conclusion: From above the nutshell, Showing Derivative data was neutral and sentiment is still bullish. Here Global market indicates negative sign whereas the Asian market shows negative. Observed VIX is continued to drop towards #12 by forming lower top lower button and Bond yield shows neutral too. It's probability of a short correction (L-18000) for bullish impulse(L-19000).
Have a Happy & Safe 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% accurate. This strategy is for knowledge point of view only & is subjected to market risk.
Overall Structure : Sideway
Index Components : Neutral Correlation
FGI Sentiments : Bullish; Indian 61↑ & Global 62↓
FII /DII Status : Neutral in Cash Market & Derivatives (With Combined OI)
Insider Data : Neutral, PCR: 0.73↓, IVP: 0.4↓, Low IV: 11.74↓, VIX: 14.39↓ (23/29)↓
↑Upper Level : 18380, 18450, 18500, 18550, 18600.
↓Lower Level : 18200, 18150, 18100, 18050, 18000.
Market Opening(*Expected ORB): Flat/Gapup
Activity: Long Buildup/Short Buildup
Conclusion: From above the nutshell, Showing Derivative data was neutral and sentiment is still bullish. Here Global market indicates negative sign whereas the Asian market shows negative. Observed VIX is continued to drop towards #12 by forming lower top lower button and Bond yield shows neutral too. It's probability of a short correction (L-18000) for bullish impulse(L-19000).
Have a Happy & Safe 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% accurate. This strategy is for knowledge point of view only & is subjected to market risk.
