Nifty range setup for 12th Aug | Hold for a turn

Overall Structure : Uptrend (Trend weak)
Index components : Neutral Correlation
FGI Sentiments : Neutral Low Risk - 77.24↑ Indian & 53↑ Global
Insider Data : Neutral, PCR: 1.15↓, IVP: 13↓, Low IV: 13.5↓, VIX: 18.35↓ (20/26)↓
↑Up : 17710, 17800, 17850. 17900, 17950.
↓Down : 17630, 17530, 17450, 17400, 16300.
Market Opening(*Expected): Flat.
Activity : Short Buildup/Short Covering (rebalancing),
Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines, Employment risks, GST Rate Hikes.
Conclusion: Avail-on-Request
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***Note: Identify the B/S zone, Follow the trend direction with strong 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 source21:00 IST)***