NIFTY analogy for Oct 31st-3rd Nov : Positive & Volatile
NIFTY 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: 0.92↓, IVP: 10↓, Low IV: 13.8↓, VIX: 16↓ (25/31)↓
↑Upper Level : 17820, 17860, 17900, 17930, 17970.
↓Lower Level : 17730, 17670, 17630, 17580, 17530.
Market Opening(*Expected): Gapup
Activity: Short Buildup/Short Covering ; Buy on Deep/Sell on Rise
Conclusion: From above the nutshell, Showing Derivative data was positive where other components are neutral as compared to overall sentiments. Here Global market indicates Strong Bullish against Asian market. Observed VIX is dropping down. That's sign of slow and positive momentum. Hence, the Market might open above 17850 upper level and turn down to retest/take support at 17780 key level. In Other term, If market opens at 17800, then probability of turn up towards 18000-18200 key level by coming week.
Have a Happy & Safe Trading!
(Data source21:00 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 Correlation
FGI Sentiments : Greedy; Indian 51↑ & Global 61↑
FII /DII Status : Positive in Cash Market & Derivatives (With Combined OI)
Insider Data : Neutral, PCR: 0.92↓, IVP: 10↓, Low IV: 13.8↓, VIX: 16↓ (25/31)↓
↑Upper Level : 17820, 17860, 17900, 17930, 17970.
↓Lower Level : 17730, 17670, 17630, 17580, 17530.
Market Opening(*Expected): Gapup
Activity: Short Buildup/Short Covering ; Buy on Deep/Sell on Rise
Conclusion: From above the nutshell, Showing Derivative data was positive where other components are neutral as compared to overall sentiments. Here Global market indicates Strong Bullish against Asian market. Observed VIX is dropping down. That's sign of slow and positive momentum. Hence, the Market might open above 17850 upper level and turn down to retest/take support at 17780 key level. In Other term, If market opens at 17800, then probability of turn up towards 18000-18200 key level by coming week.
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.
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