Short Market Report 16.03.22

CHART Green candle in both indices; gap up and short covering but sideways consolidation
OC 16900-17500, 35000-36500;; huge OI addition at 35000
PCR. bullish
FII 311
DII. 772
FnO Data long build up
RSI. 52; 49
ADX. 25; 26
Conviction bullish
Bias. bullish
Int. Markets green
TRADE sell 35500 PE


Overall we are playing a pull back till 17300.. so when/if market reaches that level cover your long positions and wait for next move