Short Market Report 29.03.22
CHART. Spinning top; Green in Nifty; Red in Bank Nifty; both indices closed in green
OC. 17000-17500; 35000-36000
PCR. bullish nifty; bearish banknifty
FII. 35
DII. 1713
FnO Data long build up
RSI. 56; 49
ADX. 18; 15
Conviction bullish
Bias. bullish
Int. Markets green
OUTLOOK gap up opening possible; likely close in green; concern is conviction of 36000 call writers which seems to be too strong
TRADE. long both indices; avoid immediate long trade if opens above 36000
OC. 17000-17500; 35000-36000
PCR. bullish nifty; bearish banknifty
FII. 35
DII. 1713
FnO Data long build up
RSI. 56; 49
ADX. 18; 15
Conviction bullish
Bias. bullish
Int. Markets green
OUTLOOK gap up opening possible; likely close in green; concern is conviction of 36000 call writers which seems to be too strong
TRADE. long both indices; avoid immediate long trade if opens above 36000
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