Short Market Report 06.03.22

CHART Red indecision candle after a gap down opening
OC. 17500-18000; 37000-38000
PCR. bearish; massive call writing happened 18000-17800
FII. -2279
DII. 622
FnO Data short build up in both indices
RSI. 61; 58
ADX. 18; 17
Conviction bearish
Bias bearish
Int. Markets Red; but dow future recovered almost 150 points from the bottom
OUTLOOK no up move will happen if does not sustain above 18080 and 38700
TRADE. sell 37000PE & 38000 CE
LONG. IND HOTEL, TATA POWER, SAIL CONCOR, NALCO
SHORT. MARICO, RAIN, MPHASIS, HDFC TWINS
INDEX TRADE long banknifty above 37868; short below 37513