Short Market Report 14.03.22

CHART Huge green candle owing to short covering; nifty breaking out of trendline resistance
OC 16500-17000, 34500-36000
PCR bullish
FII -176
DII 1098
FnO Data long build up
RSI 50; 45
ADX 28; 28
Conviction bullish
Bias bullish
TRADE buy atm call

Short covering has happened when the 38.2% retracement was taken out as discussed in previous market report.