NIFTY analogy for 1st-3rd Nov : Rallies towards new High by Dec.

NIFTY Pre-analysis::::::::::::
Overall Structure : Uptrend
Index Components : Positive Correlation
FGI Sentiments : Greedy; Indian 50↓ & Global 60↓
FII /DII Status : Positive in Cash Market & Derivatives (With Combined OI)
Insider Data : Bullish, PCR: 1.23↑, IVP: 13.89↑, Low IV: 16↑, VIX: 15.80↓ (26/32)↑
↑Upper Level : 18050, 18100, 18150, 18200, 18250.
↓Lower Level : 17920, 17870, 17820, 17770, 17720.
Market Opening(*Expected): Flat/Partial Gap down
Activity: Long Buildup/Short Covering
Conclusion: From above the nutshell, Showing Derivative data was positive where other components are neutral as compared to overall sentiments. Here Global market indicates negative sign whereas the Asian market shows neutral. Observed VIX is neutral. That's sign of slow and positive momentum. There's probability of partial gap down to upward move towards 18200 or might down towards 17700 key level.

Have a Happy & Safe Trading!
(Data source21:00 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.