Nifty: Range setup for 9th June
Market Opening: Flat (indecisive);
Overall Structure: Downtrend;
FGI Sentiments: Negative - 40% Indian↓ & 33% Global↑ ;
Insider Data: Bearish, PCR: 0.51-85↓, IVP: 72-69↓, IV: 19.4↓ ;
↑Up : 16450, 16550, 16600, 16700 ;
↓Down: 16280, 16200, 16150, 16100, 16000 ;
Comparison of other Indices: Relational;
Activity: Short buildup/short covering
Verdict: Probability of Pullback or impulsive move
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*P.S: Identify the B/S zone, Follow the trend direction, and 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;
FGI Sentiments: Negative - 40% Indian↓ & 33% Global↑ ;
Insider Data: Bearish, PCR: 0.51-85↓, IVP: 72-69↓, IV: 19.4↓ ;
↑Up : 16450, 16550, 16600, 16700 ;
↓Down: 16280, 16200, 16150, 16100, 16000 ;
Comparison of other Indices: Relational;
Activity: Short buildup/short covering
Verdict: Probability of Pullback or impulsive move
---
*P.S: Identify the B/S zone, Follow the trend direction, and 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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