BANKNIFTY analogy for 24th-27th Oct : Gapup Volatility
BANKNIFTY Pre-analysis::::::::::::
Overall Structure : Uptrend
Index components : Positive Neutral Correlation
FGI Sentiments : Neutral; Indian 43↑ & Global 45↑
FII /DII Status : Positive in Cash Market & Derivatives (With Combined OI)
Insider Data : Neutral, PCR: 1.17↑, IVP: 1↓, IV: 17.50↓, VIX: 17.28↓ (29/35)↓
↑Upper Level : 41600, 41800, 42000, 42200, 42400.
↓Lower Level : 41200, 41000, 40700, 40500, 40300.
Market Opening(*Expected): Gapup
Activity: Short Covering/Long Buildup
Conclusion: From above the nutshell, Observed that Derivative data was partial positive where other components are neutral along with overall sentiments. As per Global data indicates Strong Bullish against Asian data. Junk bonds carry a higher risk of default compared to other investment grade. That's demand as a signal for Greed position. Hence, the Market might open atleast 2% gapup at 41500 upper level and turn down to retest/take support from 41000 key level.
In Other term, Market might turn upward after consolidate between 41700-41300 level.
Have a Happy & Safe Trading!
(Data source11:00 IST)***
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***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 : Uptrend
Index components : Positive Neutral Correlation
FGI Sentiments : Neutral; Indian 43↑ & Global 45↑
FII /DII Status : Positive in Cash Market & Derivatives (With Combined OI)
Insider Data : Neutral, PCR: 1.17↑, IVP: 1↓, IV: 17.50↓, VIX: 17.28↓ (29/35)↓
↑Upper Level : 41600, 41800, 42000, 42200, 42400.
↓Lower Level : 41200, 41000, 40700, 40500, 40300.
Market Opening(*Expected): Gapup
Activity: Short Covering/Long Buildup
Conclusion: From above the nutshell, Observed that Derivative data was partial positive where other components are neutral along with overall sentiments. As per Global data indicates Strong Bullish against Asian data. Junk bonds carry a higher risk of default compared to other investment grade. That's demand as a signal for Greed position. Hence, the Market might open atleast 2% gapup at 41500 upper level and turn down to retest/take support from 41000 key level.
In Other term, Market might turn upward after consolidate between 41700-41300 level.
Have a Happy & Safe Trading!
(Data source11:00 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.
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