Nifty 50 Index
Short

NIFTY range setup for 19th May

171
Market Opening: Gapdown;
Overall Structure: Range down;
Sentiments: Neutral;
Market Mood(FGI): Crucial (31% Indian, 13% Global);
Insider Data: Bearish, PCR: 0.74, IVP: 54, IV: 21 High;
Up : 16400, 16500, 16650, 16900 ;
Down: 16150, 16050, 15900, 15800 ;
Expected Activity: Probability of Gapdown by falling towards 16000-15800. If Gapup/Flat opens, might go sideways expiry.
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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.

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