BANKNIFTY range setup for Aug 29th/1st Sep : Bearish Turn Coming

Overall Structure : Neutral
Index components : Neutral Correlation
FGI Sentiments : Neutral - 68.52↓ Indian & 44↓ Global
Insider Data : Neutral, PCR: 0.66↓, IVP: 1↓, Low IV: 15.7↓, VIX: 18.21↓ (25/31)↑
↑Up : 38800, 39150, 39450, 39750
↓Down : 38400, 38050, 37700, 37330
Market Opening(*Expected): Huge Gapdown
Conclusion/Activity : Gapdown to upward/neutral
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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.
(Data source19:00 IST)**