CHART. Huge green candle inboth indices; short covering; banknifty outperforming nifty
OC. 17500-18000; 36500-38000
PCR. bullish
FII. 1909
DII. -183
FnO Data short covering
RSI. 62; 59
ADX. 15; 16
Conviction bullish
Bias. bullish
Int. Markets green
OUTLOOK expect some cool may close in red; be careful with shorts.. another short covering may come
TRADE. buy call options if market starts moving up; in case of cool off use delta neutral strategy
LONG BHEL, MANAPPURAM, NTPC, GMR INFRA, CANARA BANK
SHORT ATUL AUTO, HEROMOTO, SRF, ABB CHOLA FIN
> Maintain Long until Nifty drops below 17350 / Banknifty drops below 36000
>. Be careful with option buying as dropping VIX erodes option premiums
OC. 17500-18000; 36500-38000
PCR. bullish
FII. 1909
DII. -183
FnO Data short covering
RSI. 62; 59
ADX. 15; 16
Conviction bullish
Bias. bullish
Int. Markets green
OUTLOOK expect some cool may close in red; be careful with shorts.. another short covering may come
TRADE. buy call options if market starts moving up; in case of cool off use delta neutral strategy
LONG BHEL, MANAPPURAM, NTPC, GMR INFRA, CANARA BANK
SHORT ATUL AUTO, HEROMOTO, SRF, ABB CHOLA FIN
> Maintain Long until Nifty drops below 17350 / Banknifty drops below 36000
>. Be careful with option buying as dropping VIX erodes option premiums