Nifty range setup for 6th July | Follow the structural base

Overall Structure : Neutral - Pump & Dump Structure
Index components : Neutral correlation, Top-Down approach
FGI Sentiments : Neutral - 53.89↑ Indian & 22↓ Global
Insider Data : Bearish Neutral, PCR: 0.79↓, IVP: 69↓, IV: 20.8↑ High, VIX: 20.78↓(28/36↑)
↑Up : 15900, 15960, 16010, 16080, 16170.
↓Down : 15700, 15630, 15560, 15460, 15380.
Market Opening : Gapdown (Expected*)
Activity : Short Buildup/Short Covering (rebalancing)
Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines scenario. (cut-off at debt auction)
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 source21:30 IST)***