Nifty range setup for 8th July | Turned for an Impulsive move

Overall Structure : Uptrend/Bullish range
Index components : Neutral correlation
FGI Sentiments : Bullish - 63.54↑ Indian & 28↑ Global
Insider Data : Bullish, PCR: 1.23↓, IVP: 51↓, IV: 17↓, VIX: 19.20(26/32)↓
↑Up : 16200, 16250, 16300, 16350, 16450.
↓Down : 16050, 16000, 15920, 15850, 15750.
Market Opening(*Expected): Gap up
Activity : Short Buildup/Short Covering (rebalancing)
Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines, and political election scenario.
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 source21:30 IST)***