Short Market Report 30.03.22

CHART. Spinning top; both indices green
OC. 17000-18000; 36000-37000
PCR. bullish
FII 1357
DII 1216
FnO Data long build up
RSI. 60; 53
ADX. 15; 18
Conviction bullish
Bias bullish
Int. Markets RED
OUTLOOK gap up opening possible; likely close in green; but sideways consolidation
TRADE. long banknifty above 36500; delta neutral strategies for option;
LONG STOCKS GODREJCP, RAMCOCEM, ADANI ENT; UBL
SHORT STOCKS ONGC, HINDALCO, JSWSTEEL, NALCO, JINDAL STEEL