Nifty Bank IndexShort
Short Market Report 06.03.22
CHART Red indecision candle after a gap down opening
OC. 17500-18000; 37000-38000
PCR. bearish; massive call writing happened 18000-17800
FII. -2279
DII. 622
FnO Data short build up in both indices
RSI. 61; 58
ADX. 18; 17
Conviction bearish
Bias bearish
Int. Markets Red; but dow future recovered almost 150 points from the bottom
OUTLOOK no up move will happen if does not sustain above 18080 and 38700
TRADE. sell 37000PE & 38000 CE
LONG. IND HOTEL, TATA POWER, SAIL CONCOR, NALCO
SHORT. MARICO, RAIN, MPHASIS, HDFC TWINS
INDEX TRADE long banknifty above 37868; short below 37513
OC. 17500-18000; 37000-38000
PCR. bearish; massive call writing happened 18000-17800
FII. -2279
DII. 622
FnO Data short build up in both indices
RSI. 61; 58
ADX. 18; 17
Conviction bearish
Bias bearish
Int. Markets Red; but dow future recovered almost 150 points from the bottom
OUTLOOK no up move will happen if does not sustain above 18080 and 38700
TRADE. sell 37000PE & 38000 CE
LONG. IND HOTEL, TATA POWER, SAIL CONCOR, NALCO
SHORT. MARICO, RAIN, MPHASIS, HDFC TWINS
INDEX TRADE long banknifty above 37868; short below 37513
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.