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Short Market Report 16.03.22

Long
Nifty 50 Index (NSE:NIFTY)  
daerontrading  
NSE:NIFTY   Nifty 50 Index
Trend Analysis Chart Patterns Wave Analysis BANKNIFTY NIFTY
5
0
trendanalysis chartpattern waveanalysis banknifty nifty
CHART Green candle in both indices; gap up and short covering but sideways consolidation
OC 16900-17500, 35000-36500;; huge OI addition at 35000
PCR. bullish
FII 311
DII. 772
FnO Data long build up
RSI. 52; 49
ADX. 25; 26
Conviction bullish
Bias. bullish
Int. Markets green
TRADE sell 35500 PE


Overall we are playing a pull back till 17300.. so when/if market reaches that level cover your long positions and wait for next move
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