BANKNIFTY Pre-analysis:::::::::::: Overall Structure : Uptrend Index components : Positive Correlation FGI Sentiments : Greedy; Indian 51↑ & Global 61↑ FII /DII Status : Positive in Cash Market & Derivatives (With Combined OI) Insider Data : Neutral, PCR: 0.76↓, IVP: 0↓, IV: 19↓, VIX: 16↓ (25/31)↓ ↑Upper Level : 41250, 41400, 41550, 41650, 41800. ↓Lower Level : 40850, 40700, 40500, 40350, 40200. Market Opening(*Expected): Gapup Activity: Short Buildup/Short Covering ; Buy on Deep/Sell on Rise Conclusion: As on Request
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.