ceogbs89

NIFTY range setup for 18th May

Long
NSE:NIFTY   Indice NIFTY 50
Market Opening: Gapup 60%, Gapdown 40%;
Overall Structure: Uptrend;
Sentiments: Positive;
Market Mood(FGI): Recovering (29% Indian, 15% Global);
Options Data: Partial Bullish, PCR: 1.09, IVP: 56, IV: 23 High;
Up : 16400, 16500, 16650, 16900 ;
Down: 16200, 16100, 15950, 15800 ;
Expected Activity: If gapup to downward, buy on deep suggested at day close point 16200. WHEREAS if gapdown by taking support, may move upward towards 16500-16600.
More Correction Required. But the Day might more challenging and volatile.
---
*P.S: Identify the B/S zone, Follow the trend direction, 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.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.