Range setup for 11th May, Things to know before Opening Bell

Market Opening: Gapdown/Negative;
Overall Structure: Downtrend/Rangedown;
Sentiments: Oversold/Low Volatility;
Market Mood(FGI): 31% Indian, 23% Global;
Options Data: Negative, PCR: 0.59, IVP: 60, IV: 25 High;
Target: 16340, 16460, 16580, 16710
Stoploss: 16150, 16030, 15900, 15680
Activity: Market is in low volatility. Avoid fresh buying, Sell Below 16150 by following levels.
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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.