Short Market Report 07.04.22

7 Apr 22
CHART Green candle banknifty; red candle nifty; both indices in red
OC 17500-18000; 37000-38000
PCR bearish
FII -5009
DII 1774
FnO Data short build up nifty; long build up banknifty
RSI 57; 58
ADX 17; 17
Conviction bearish
Bias neutral
Int. Markets Asian markets Red; Western Markets Green
OUTLOOK indecisive
TRADE directional buy can be done depending on initial range of 15 or 30 mins
LONG BEL, TATA COM, GODREJ CP, PEL, HONAUT
SHORT IDFC, TATA POWER, CONCOR, TITAN, GNFC
INDEX TRADE long banknifty above 37868; short below 37513; long nifty above 17700; short below 17541

>> UKRAINE WAR IS BEING FUELLED <<


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** THIS IS FOR EDUCATIONAL PURPOSES ONLY