CHART. Huge green candle inboth indices; short covering; banknifty outperforming nifty; 1486 points upside
OC. 18000-18500; 38000-39000
PCR bullish
FII 1152
DII. 1675
FnO Data long build up
RSI. 68; 67
ADX 16; 17
Conviction bullish
Bias. bullish
Int. Markets green; huge up move in US tech stocks
OUTLOOK no up move will happen if does not sustain above 18080 and 38700
TRADE. don't buy banknifty call unless sustains above today's high; NIFTY IS MORE BULLISH; CHANCE OF GAP UP
LONG. HDFC BANK, HDFC, CHAMBAL FERT, GSPL, BALRAMPUR CHINI
SHORT. CHOLA FIN; INFY, MPHASIS, OBEROI, GODREJPROP
INDEX TRADE: Long above 38700; short below 38400
OC. 18000-18500; 38000-39000
PCR bullish
FII 1152
DII. 1675
FnO Data long build up
RSI. 68; 67
ADX 16; 17
Conviction bullish
Bias. bullish
Int. Markets green; huge up move in US tech stocks
OUTLOOK no up move will happen if does not sustain above 18080 and 38700
TRADE. don't buy banknifty call unless sustains above today's high; NIFTY IS MORE BULLISH; CHANCE OF GAP UP
LONG. HDFC BANK, HDFC, CHAMBAL FERT, GSPL, BALRAMPUR CHINI
SHORT. CHOLA FIN; INFY, MPHASIS, OBEROI, GODREJPROP
INDEX TRADE: Long above 38700; short below 38400