ceogbs89

NIFTY analogy for Oct 3rd/6th : Volatile Day

NSE:NIFTY   Nifty 50 Index
NIFTY Pre-analysis::::::::::::
Overall Structure : Bearish
Index components : Neutral Correlation
FGI Sentiments : Selling - 35↑ Indian & 15↓ Global
Insider Data : Bearish Neutral, PCR: 1.16↑, IVP: 40↑, IV: 17.2↑, VIX: 19.96↓ (31/36)↓
↑Up : 17170, 17230, 17300, 17360, 17400.
↓Down : 17000, 16930, 16870, 16820, 16760.
Market Opening(*Expected): Gap down/Flat
Conclusion: Available on Request
(Data source@11:00 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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.