NIFTY analogy for 20th-27th Oct : Pullback - Short selling
NIFTY Pre-analysis::::::::::::
Overall Structure : Sideways
Index components : Neutral Correlation
FGI Sentiments : Risky; Indian 43↑ & Global 35↓
FII /DII Status : Positive in Cash Market & Derivatives (With Combined OI)
Insider Data : Neutral, PCR: 1.11↓, IVP: 18↓, IV: 15↓, VIX: 17.48↓ (31/36)↓
↑Upper Level : 17550, 17600, 17650, 17700, 17760.
↓Lower Level : 17400, 17340, 17280, 17220, 17170.
Market Opening(*Expected): Gapdown
Activity: Short Covering/Short Buildup
Conclusion: From the above nutshell, Derivative data shows positive where other components are negative. Market taken rejection from 17600 (Correction Channel Point-C). Here the Call writers are unwinding and put writers are active. There's probability of fall down towards 17350-17250. In another scenario, If the market taken huge gapdown, it may turn up towards 17450.
Have a Happy & Safe Trading!
(Data source10:00 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.
Overall Structure : Sideways
Index components : Neutral Correlation
FGI Sentiments : Risky; Indian 43↑ & Global 35↓
FII /DII Status : Positive in Cash Market & Derivatives (With Combined OI)
Insider Data : Neutral, PCR: 1.11↓, IVP: 18↓, IV: 15↓, VIX: 17.48↓ (31/36)↓
↑Upper Level : 17550, 17600, 17650, 17700, 17760.
↓Lower Level : 17400, 17340, 17280, 17220, 17170.
Market Opening(*Expected): Gapdown
Activity: Short Covering/Short Buildup
Conclusion: From the above nutshell, Derivative data shows positive where other components are negative. Market taken rejection from 17600 (Correction Channel Point-C). Here the Call writers are unwinding and put writers are active. There's probability of fall down towards 17350-17250. In another scenario, If the market taken huge gapdown, it may turn up towards 17450.
Have a Happy & Safe Trading!
(Data source10:00 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.
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