Range setup for 19th April, Things to know before Opening Bell

Market Opening: Partial gapup/Flat;
Overall Structure: Downtrend;
Sentiments: Neutral (46%);
Market Mood(FGI): 66% Greed, keeping patience is suggested before looking for fresh opportunities.
PCR: 0.47 Bearish , IVP:52%;
Target: 17350, 17450, 17550, 17650;
Stoploss: 17000, 16900, 16750, 16600;
Decision: Ignore Fresh Buying until breakout above 17350 and may take rejection at 17450 whereas if breakdown then sell below 17000 till 16850.
Suggesting for short-covering and ignore long positions.
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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.