NIFTY Range Setup for 17th May

Market Opening: Flat/Partial Gapup;
Overall Structure: Downtrend/Oversold;
Sentiments: Neutral/Range
Market Mood(FGI): Fear in Mart (26% Indian, 12% Global);
Options Data: Bearish, PCR: 0.51, IVP: 59, IV: 25 High;
Up : 15950, 16050, 16150, 16250 ;
Down: 15750, 15650, 15550, 15450 ;
Expected Activity: After following sideways, might turn upward for a Correction.
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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.