Short Market Report 23.03.22

CHART Dark cloud cover; gap up opening with bearish move and closing in RED; 61.8% retracement strong in both indices
OC. 1700-17800; 36000-37000; huge unwinding in 17000 and shifting if base to 16800
PCR. bearish
FII. 481
DII. -294
FnO Data short build up
RSI. 55; 51
ADX. 20; 20
Conviction neutral; expect range bound action
Bias. bearish
Int. Markets red
TRADE sell 35500 PE and 36500 CE

Take delta neutral trades on indices
Metals and Pharma shining. Typical sector rotation happening in markets