Range setup for 12th May, Things to know before Opening Bell

Market Opening: Gapdown/Flat;
Overall Structure: Downtrend/Rangedown;
Sentiments: Oversold/Low Volatility ;
Market Mood(FGI): 30% Indian, 20% Global;
Options Data: Negative, PCR: 0.50, IVP: 58, IV: 23 High;
Target: 16350, 16480, 16600, 16700 ;
Stoploss: 16100, 16000, 15900, 15750 ;
Activity: Expecting gapdown to upward.
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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.