BANKNIFTY Pre-analysis:::::::::::: Overall Structure : Downtrend Index components : Bearish Correlation FGI Sentiments : Negative- 24↓ Indian & 20↓ Global Insider Data : Bearish, PCR: 0.69↓, IVP: 75↑, IV: 28↑, VIX: 20.50↑ (33/38)↑ ↑Up : 39250, 39400, 39580, 39720, 39900. ↓Down : 38840, 38700, 38500, 38350, 38200. Market Opening(*Expected): Partial Gapup Activity: Short Buildup/Short Covering Remarks: Probability of Gapup to sideway consolidation then breakdown
(Data source@22:00 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.