Range setup for 16th May, Things to know before Opening Bell
Market Opening: Gapup;
Overall Structure: Downtrend/Oversold;
Sentiments: Neutral - Correction needed
Market Mood(FGI): Fear in Mart (22% Indian, 12% Global);
Options Data: Bearish , PCR: 0.45, IVP: 55, IV: 21 High;
Up : 15900, 16100, 16250, 16400 ;
Down: 15700, 15550, 15300, 15150 ;
Activity: Market might turn upward for a Correction. If Gapup opening sustains at 15900 then go for positive as much as buy on deep suggested.
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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: Neutral - Correction needed
Market Mood(FGI): Fear in Mart (22% Indian, 12% Global);
Options Data: Bearish , PCR: 0.45, IVP: 55, IV: 21 High;
Up : 15900, 16100, 16250, 16400 ;
Down: 15700, 15550, 15300, 15150 ;
Activity: Market might turn upward for a Correction. If Gapup opening sustains at 15900 then go for positive as much as buy on deep suggested.
---
*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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.