CHART Dark cloud cover in both indices with massive down move coming at the last 1 hour
OC range not clear; pivot around 18000 and 38000
PCR bearish
FII 374
DII 105
FnO Data short build up in both indices
RSI 65; 62
ADX 17; 17
Conviction bearish
Bias bearish
Int. Markets Red
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 TATA POWER, BIRLA SOFT, TORRRENT POWER, GSPL
SHORT FEDERAL BANK, HDFC BANK, KOTAK BANK, BAJAJ FINSERV, LUPIN
INDEX TRADE THIS IS DEFINITELY A SHORT SETUP BUT BE CAREFUL AS BUYING MAY START AT ANY POINT; SHORT BELOW 38000... BUY IF SUSTAINS ABOVE 38000
OC range not clear; pivot around 18000 and 38000
PCR bearish
FII 374
DII 105
FnO Data short build up in both indices
RSI 65; 62
ADX 17; 17
Conviction bearish
Bias bearish
Int. Markets Red
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 TATA POWER, BIRLA SOFT, TORRRENT POWER, GSPL
SHORT FEDERAL BANK, HDFC BANK, KOTAK BANK, BAJAJ FINSERV, LUPIN
INDEX TRADE THIS IS DEFINITELY A SHORT SETUP BUT BE CAREFUL AS BUYING MAY START AT ANY POINT; SHORT BELOW 38000... BUY IF SUSTAINS ABOVE 38000
