Nifty Range Setup for 17th June : Be cautious

Market Opening : Partial Gapup to downward/Gapdown to Upward (Expected*)
Overall Structure : Downtrend (Oversold) Strong Freefall
FGI Sentiments : Negative - 16.34↓ Indian & 14↓ Global
Index components : Negative correlation
Insider Data : Bearish, PCR: 0.47↓ , IVP: 87↑, IV: 25.3↑ High, VIX: 22.86(33/38)↑
↑Up : 15520, 15640, 15740, 15850, 16000
↓Down : 15300, 15170, 15050, 15000, 14800
Activity : Be cautious when pull back, Market may give double side short movement next day.
Conclusion : Observation says Every component and the Index are extremely increasing market volatility as a signal for Fear. Puts are the option to sell while calls are the option to buy. When the ratio of puts to calls is rising, it is usually a sign investors are growing more nervous. Index uses decreasing trading volume as a signal for Fear. It shows investors are getting skittish. Junk Bonds carry a higher risk of default compared to other bonds. So The Market may fall more 3% to 5% by this 3rd quarter.
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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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