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Short Market Report 14.03.22

Long
Nifty Bank Index (NSE:BANKNIFTY)  
daerontrading  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Chart Patterns Wave Analysis BANKNIFTY NIFTY nifty50
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trendanalysis chartpattern waveanalysis banknifty nifty nifty50
CHART Huge green candle owing to short covering; nifty breaking out of trendline resistance
OC 16500-17000, 34500-36000
PCR bullish
FII -176
DII 1098
FnO Data long build up
RSI 50; 45
ADX 28; 28
Conviction bullish
Bias bullish
TRADE buy atm call

Short covering has happened when the 38.2% retracement was taken out as discussed in previous market report.
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