Short Market Report
CHART Gap down nifty; gap up bank nifty; both indices green candle; nifty closed in green banknifty closed in red
OC 16000-17000; 35000-37000
PCR. bullish
FII -3948
DII 4142
FnO Data long Build up in both indices
RSI 42; 41
ADX 25; 19
Conviction Neutral
Bias Neutral
TRADE sell 36000PE; 38500CE
Russia Ukraine conflict is taking new turns every hour. So it would be very wise not to be over confident on any analysis/ prediction. SGX nifty low and crude oil high are indicating a gap down opening tomorrow. A wild down move is likely to become profitable if we buy a put option in small quantity.
CHART Gap down nifty; gap up bank nifty; both indices green candle; nifty closed in green banknifty closed in red
OC 16000-17000; 35000-37000
PCR. bullish
FII -3948
DII 4142
FnO Data long Build up in both indices
RSI 42; 41
ADX 25; 19
Conviction Neutral
Bias Neutral
TRADE sell 36000PE; 38500CE
Russia Ukraine conflict is taking new turns every hour. So it would be very wise not to be over confident on any analysis/ prediction. SGX nifty low and crude oil high are indicating a gap down opening tomorrow. A wild down move is likely to become profitable if we buy a put option in small quantity.