Nifty range setup for 30th Jun | Negative Consolidation continue

Market Opening : Gapdown (Expected*)
Overall Structure : Neutral
FGI Sentiments : Neutral - 45.44↑ Indian & 25↓ Global
Index components : Neutral correlation/Negative Divergence
Insider Data : Neutral, PCR: 1.01↑, IVP: 85↑, IV: 24.7↑ High, VIX: 21.90(28/35)↑
↑Up : 15900, 15980, 16050, 16130, 16200.
↓Down : 15710, 15630, 15570, 15510, 15450.
Activity : Short Buildup/Short Covering
Conclusion: N/A
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*Note: Identify the B/S zone, Follow the trend direction with a 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 purposes only & is subjected to market risk.
(Data source20:30 IST)
Chart PatternsFundamental AnalysispivotresistancepriceactionstrategytestingTechnical AnalysisTrend Analysis

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