Range setup for 13th May, Things to know before Opening Bell
Market Opening: Gapdown/Partial Gapup;
Overall Structure: Downtrend/Oversold;
Sentiments: Negative Continuation-Fear in Market;
Market Mood(FGI): Extreme Fear (25% Indian, 6% Global);
Options Data: Bearish, PCR: 0.41, IVP: 58, IV: 23 High;
Up : 15900, 16100, 16250, 16400 ;
Down: 15700, 15600, 15450, 15250 ;
Activity: Markets are likely to be oversold and might turn upward. Wait for a good time to open fresh positions.
Another Big fall may happen to test at 15000.
If Opens Flat/Gapdown, Buy on Deep; WHEREAS If Gapup, Probability of short covering [Inside Day Candle(Bullish Harami) maybe happen.]
Thought of the Week: "Be fearful when others are greedy & greedy when others are fearful!"
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*P.S: Identify the B/S zone, Follow the trend direction, Trade after trend confirmation.
We rigorously tested the strategy and is 88.6% accurate. This strategy is for knowledge purposes only & is subjected to market risk.
Overall Structure: Downtrend/Oversold;
Sentiments: Negative Continuation-Fear in Market;
Market Mood(FGI): Extreme Fear (25% Indian, 6% Global);
Options Data: Bearish, PCR: 0.41, IVP: 58, IV: 23 High;
Up : 15900, 16100, 16250, 16400 ;
Down: 15700, 15600, 15450, 15250 ;
Activity: Markets are likely to be oversold and might turn upward. Wait for a good time to open fresh positions.
Another Big fall may happen to test at 15000.
If Opens Flat/Gapdown, Buy on Deep; WHEREAS If Gapup, Probability of short covering [Inside Day Candle(Bullish Harami) maybe happen.]
Thought of the Week: "Be fearful when others are greedy & greedy when others are fearful!"
---
*P.S: Identify the B/S zone, Follow the trend direction, Trade after trend confirmation.
We rigorously tested the strategy and is 88.6% accurate. This strategy is for knowledge purposes only & is subjected to market risk.
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