Reducing PCR Go Short in Nifty at current levels. RSI showing divergence below 45. Target should be around 17200. Will keep you update in the below section.
NIfty showing strength above 17800 and defending levels for few days. Budget rally is due now in markets for the rest of this month.
Go long in nifty as per the technical indicator and trend analysis. SL- 15475. Target of 16050. This is a positional trade.
Positional trade in Bank Nifty @ 33600. Keeping SL below 33000. Target will be updated below.
Short NSE:KOTAKBANK with a SL of 1702 with a target of 1635. One can buy 1660 PE March expiry. SL and Target would be based on the underlying price.
Reliance is sell on every minor rise to 1440. Short futures with a SL of 1455 with a target of 1390.
