Range setup for 16th May, Things to know before Opening Bell

Market Opening: Gapup;
Overall Structure: Downtrend/Oversold;
Sentiments: Neutral - Correction needed
Market Mood(FGI): Fear in Mart (22% Indian, 12% Global);
Options Data: Bearish , PCR: 0.45, IVP: 55, IV: 21 High;
Up : 15900, 16100, 16250, 16400 ;
Down: 15700, 15550, 15300, 15150 ;
Activity: Market might turn upward for a Correction. If Gapup opening sustains at 15900 then go for positive as much as buy on deep suggested.
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*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.