Nifty: Range setup for 6th June

Market Opening: Flat to Downward/Gapdown to Upward;
Overall Structure: Downtrend after Breakout failed;
FGI Sentiments: Negative - 44% Indian & 27% Global Fear;
Insider Data: Neutral, PCR: 0.74, IVP: 61, IV: 17.4;
Up : 16750, 16920, 17030, 17170 ;
Down: 16450, 16350, 16230, 16100 ;
Activity: Short buildup,
Verdict: Market may fall down to retest at 16400.
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*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.