ceogbs89

Nifty range setup for 10th Aug | Near to Channel Target @17800

NSE:NIFTY   Indice NIFTY 50
Overall Structure : Uptrend
Index components : Bullish Neutral Correlation
FGI Sentiments : Neutral Low Risk - 70.38↓ Indian & 49↑ Global
Insider Data : Neutral, PCR: 1.39↑, IVP: 34↓, IV: 15.9↓, VIX: 19.30↑ (22/28)↓
↑Up : 17600, 17650, 17750. 17850, 17950.
↓Down : 17350, 17250, 17150, 17050, 16950.
Market Opening(*Expected): Flat Down/Gapdown.
Activity : Short Buildup/Short Covering (rebalancing),
Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines, Employment risks, GST Rate Hikes.
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 source@21:00 IST)***

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