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ceogbs89
Oct 13, 2022 7:49 PM

BANKNIFTY analogy for 14th-20th Oct : No Trading on Huge Gapup 

Nifty Bank IndexNSE

Description

BANKNIFTY Pre-analysis::::::::::::
Overall Structure : Sideway
Index components : Neutral Correlation
FGI Sentiments : Neutral ; Indian 21↑ & Global 24↑
FII/DII Status : Negative in Cash Market & Derivatives (With Combined OI)
Insider Data : Negative, PCR: 0.63↓, IVP: 54↑, IV: 25↑, VIX: 20.30↑ (32/38)↓
↑Up : 39500, 39700, 39900, 40100, 40300.
↓Down : 39000, 38800, 38500, 38300, 38000.
Market Opening(*Expected): Huge Gapup (at least/at most 1.5% means 700pts)
Activity: No trading after huge gap
Conclusion: From above the nutshell, Observed that Derivative data is negative where other components are neutral. The Market is spending time in its Demand zone. Probability of break the zone with a huge gapup and a pullback.
Have a Happy & Safe Trading!
(Data source@22:00 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 88.6% accurate. This strategy is for knowledge point of view only & is subjected to market risk.
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