NIFTY range setup for Aug 30th/1st Sep : Avoid the Range Day

Overall Structure : Bearish/Downtrend
Index components : Neutral Correlation
FGI Sentiments : Neutral - 63.81↓ Indian & 55↑ Global
Insider Data : Bearish Neutral, PCR: 0.80↑, IVP: 57↑, IV: 18.3↑, VIX: 19.82↑ (26/32)↑
↑Up : 17500, 17600, 17700. 17800, 18900.
↓Down : 17350, 17250, 17150, 17050, 17000.
Market Opening(*Expected): Flat/Partial Gap
Conclusion/Activity : Down after consolidation (Avoid low momentum range day)

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***Note: Identify the B/S zone, Follow the trend direction with strong confirmation.
Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines, Employment risks, GST Rate Hikes.
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 source11:00 IST)***