Nifty 50 Index

Nifty range Setup for 21st June : Wait for an Impulsive move

67
Market Opening : Partial Gapup (Expected*)
Overall Structure : Sideway range (Oversold)
FGI Sentiments : Neutral - 21.84↑ Indian & 14↓ Global
Index components : Negative Continuation
Insider Data : Bearish, PCR: 0.56↑ , IVP: 80↓, IV: 22.3↓ High, VIX: 22.75(31/36)↓
↑Up : 15520, 15670, 15790, 15910, 16060.
↓Down : 15180, 15020, 14900, 14760, 14630.
Activity: Bottoms Out, Market might try a short correction for short covering.
Conclusion: Probability of turn down. Can show more smaller movements with high volatility may happen towards downside@14000.
Advisable to go with Midcap Stocks specific and strictly avoid penny stocks. If the market gives an impulsive move, go upwards.
---
*P.S: Identify the B/S zone, Follow the trend direction, and 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.

כתב ויתור

המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.