NIFTY analogy for 3rd-10th Nov : Holds for a Support

NIFTY Pre-analysis::::::::::::
Overall Structure : Uptrend
Index Components : Positive Correlation
FGI Sentiments : Neutral; Indian 53↓ & Global 55↓
FII/DII Status : Neutral in Cash Market & Derivatives (With Combined OI)
Insider Data : Neutral, PCR: 1.10↓, IVP: 14.48↑, Low IV: 16↑, VIX: 16.66↑ (26/32)↑
↑Upper Level : 18180, 18250, 18300, 18350, 18400.
↓Lower Level : 18020, 17950, 17900, 17830, 17780.
Market Opening(*Expected): Flat/Gap down
Activity: Short Buildup/Short Covering
Conclusion: From above the nutshell, Showing Derivative data was positive where other components are neutral as compared to overall sentiments. Here Global market indicates negative sign whereas the Asian market shows neutral. Observed VIX is also neutral. There's probability of take support 18000-17800 key level.

Have a Happy & Safe Trading!
(Data source21:00 IST)***
___________________________________
***Note: Identify the B/S zone, Follow the trend direction with strong confirmation.
Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines, Employment risks, GST Rate Hikes.
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% accurate. This strategy is for knowledge point of view only & is subjected to market risk.