Nifty range setup for 13th July | Range holds for Turnup

Overall Structure : Range
Index components : Neutral correlation
FGI Sentiments : Neutral - 76.05↓ Indian & 27↓ Global
Insider Data : Bearish, PCR: 0.67↓, IVP: 68↑, IV: 20.3↑, VIX: 18.54↑ (26/33)↑
↑Up : 16150, 16200, 16270, 16350, 16400.
↓Down : 16000, 15950, 15900, 15850, 15800.
Market Opening(*Expected): Up to Downward
Activity : Short Buildup/Short Covering (rebalancing)
Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines, political election scenario, Employment cost hike
Conclusion: Avail on request.
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***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 source23:30 IST)***
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