Nifty range setup for 1st Aug | Expecting a retest

Overall Structure : Uptrend
Index components : Bullish Neutral Correlation
FGI Sentiments : Low Risk - 81.90↑ Indian & 42↑ Global
Insider Data : Bullish, PCR: 1.26↓, IVP: 20↓, IV: 14.1↓, VIX: 16.55↓ (21/27)↓
↑Up : 17240, 17330, 17440. 17550, 17650.
↓Down : 17050, 16930, 16830, 16750, 16650.
Market Opening(*Expected): Gapup to Downward
Activity : Short Buildup/Short Covering (rebalancing),
Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines, Employment risks, GST Rate Hikes.
Conclusion: Nifty may move up towards 17500-17700 by the coming month after a retest. (Connect for more tips)
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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 source21:00 IST)***