BANKNIFTY analogy for 7th/13th Oct : Bearish Impulsive continue

BANKNIFTY Pre-analysis::::::::::::
Overall Structure : Sideway
Index components : Neutral Correlation
FGI Sentiments : Neutral- 37↑ Indian & 32↑ Global
Insider Data : Neutral, PCR: 0.86↓, IVP: 33↑, IV: 22↓, VIX: 19.31↓ (20/35)↑
↑Up : 39450, 39630, 39770, 39900, 40100.
↓Down : 39120, 38970, 38800, 38700, 38500.
Market Opening(*Expected): Flat to Downward
Activity: Short Buildup
Conclusion: N/A
(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 88.6% accurate. This strategy is for knowledge point of view only & is subjected to market risk.