Nifty range setup for 12th July | Range holds for Turnup

Overall Structure : Range
Index components : Neutral correlation
FGI Sentiments : Bullish - 76.62↑ Indian & 28↓ Global
Insider Data : Partial Bullish, PCR: 1.14↑, IVP: 63↑, IV: 18.8↓, VIX: 18.36↓ (26/32)↑
↑Up : 16300, 16350, 16400, 16450, 16500.
↓Down : 16150, 16100, 16000, 15925, 15850.
Market Opening(*Expected): Flat
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)***