Nifty range setup for Aug 19th/25th Exp Required a reversal turn
Overall Structure : Uptrend (Overbought)
Index components : Bullish Neutral Correlation
FGI Sentiments : Greedy - 80.21↓ Indian & 55↓ Global
Insider Data : Neutral, PCR: 1.21↓, IVP: 8↓, Low IV: 12.4↓, VIX: 17.35↓ (19/25)↓
↑Up : 18000, 18050, 18100. 18160, 18230.
↓Down : 17900, 17850, 17800, 17750, 17700.
Market Opening(*Expected): Gapdown
Activity : Short Buildup/Short Covering (rebalancing),
Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines, Employment risks, GST Rate Hikes.
Conclusion: Market is Overbought, May turn down at any higher level
~~~~~~~~~~~~~~~~~~~~~~~~~
***Note: Identify the B/S zone, Follow the trend direction with strong confirmation.
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.
(Data source@23:00 IST)***
Index components : Bullish Neutral Correlation
FGI Sentiments : Greedy - 80.21↓ Indian & 55↓ Global
Insider Data : Neutral, PCR: 1.21↓, IVP: 8↓, Low IV: 12.4↓, VIX: 17.35↓ (19/25)↓
↑Up : 18000, 18050, 18100. 18160, 18230.
↓Down : 17900, 17850, 17800, 17750, 17700.
Market Opening(*Expected): Gapdown
Activity : Short Buildup/Short Covering (rebalancing),
Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines, Employment risks, GST Rate Hikes.
Conclusion: Market is Overbought, May turn down at any higher level
~~~~~~~~~~~~~~~~~~~~~~~~~
***Note: Identify the B/S zone, Follow the trend direction with strong confirmation.
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.
(Data source@23:00 IST)***