Nifty range setup for 5th July | Seeks a Corrective move

Overall Structure : Neutral
Index components : Neutral correlation
FGI Sentiments : Neutral - 50.93↑ Indian & 24↑ Global
Insider Data : Neutral, PCR: 1.10↑, IVP: 70↑, IV: 20.8↑ High, VIX: 20.97(27/34)↓
↑Up : 15900, 15960, 16010, 16080, 16170.
↓Down : 15750, 15670, 15610, 15510, 15420.
Market Opening : Gapdown (Expected*)
Activity : Short Buildup/Short Covering (rebalancing)
Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines scenario.
Conclusion: N/A
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***Note: Identify the B/S zone, Follow the trend direction with a confirmation.
Nothing works 100% of the market. It depends on 50% weightage of technical chart, 25% to OI, and 25% to FII data.
We rigorously tested the strategy and is 88.6% accurate. This strategy is for knowledge point of view only & is subjected to market risk.
(Data source20:30 IST)***