MY PCR RANGE and VIEW: -
1.Above 1.6 – Market is overbought.
2.1.2-1.6 – View full billish
3.1.0 – 1.2 – View Neutral to Slight Bullish
4.0.8-1.0 - View Neutral to Slight bearish
5.0.8-0.4- View Full bearish
6.Below 0.4 – Market is oversold.
How to decide market direction: -
1.If Overall PCR is neutral to bullish – and todays change in OI also suggesting neutral to bullish go for neutral or bullish strategy.
2.If Overall PCR is bullish – and todays change in OI also suggesting neutral to bullish go for bullish strategy.
3.If Overall PCR is bullish – and todays change in OI also bullish go for bullish strategy only.
4.If Overall PCR is overbought – and todays change in OI also bullish go for bullish strategy only.
5.If Overall PCR is overbought – and todays change in OI neutral look for reversal.
6.If Overall PCR is neutral to bearish – and todays change in OI also suggesting neutral to bearish go for neutral or bearish strategy.
7.If Overall PCR is bearish – and todays change in OI also suggesting neutral to bearish go for bearish strategy.
8.If Overall PCR is bearish – and todays change in OI also bearish go for bearish strategy only.
9.If Overall PCR is oversold – and todays change in OI also bearish go for bearish strategy only.
10.If Overall PCR is oversold – and todays change in OI neutral look for reversal.
Thank You friends . Your suggestions are welcome .
Courtesy - JK @PAlearner Tweeter Id
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