Nifty range setup for 20th July | Required Trend Continuation

Overall Structure : Breakout
Index components : Bullish Correlation
FGI Sentiments : Low Risk - 77.85↑ Indian & 33↑ Global
Insider Data : Bullish, PCR: 1.36↓, IVP: 38↓, IV: 16.0↓, VIX: 17.30↑ (24/30)↓
↑Up : 16400, 16450, 16500. 16550, 16650.
↓Down : 16250, 16200, 16150, 16100, 16000.
Market Opening(*Expected): Gapup to Downward
Activity : Short Buildup/Short Covering (rebalancing)
Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines, political election scenario, Employment risks, GST Hikes.
Conclusion: Avail on request.
~~~~~~~~~~~~~~~~~~~~~~~~~
***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)***