NIFTY analogy for 18th-20th Oct : Uptrend towards 17600

NIFTY Pre-analysis::::::::::::
Overall Structure : Bullish Correction
Index components : Positive Correlation
FGI Sentiments : Neutral ; Indian 38↑ & Global 29↑
FII /DII Status : Positive in Cash Market & Derivatives (With Combined OI)
Insider Data : Neutral, PCR: 1.01↑, IVP: 58↑, IV: 19↑, VIX: 18.41↑ (31/37)↓
↑Up : 17500, 17550, 17600, 17650, 17700.
↓Down : 17400, 17350, 17280, 17220, 17170.
Market Opening(*Expected): Gapup
Activity: Short Covering/Short Buildup
Conclusion: Range Expected, Upper Rejection level @17600.
Have a Happy & Safe Trading!
(Data source20:00 IST)***
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***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 88.6% accurate. This strategy is for knowledge point of view only & is subjected to market risk.