مؤشر Nifty 50
بيع

Short Market Report 07.02.22

Short Market Report

Waterfall drop in both indices happened due to combined sell off by FIIs and DIIs.

Popular opinion is that FIIs sold due to increasing tension between Russia and Ukraine. DIIs sold to pull out some money to re invest in LIC IPO.

We are moving towards the bottom of a recent long term channel in case of nifty which also seems to correlate with a recent short term channel. If both these channel bottoms fail, there will be a catastrophic drop of 3000-4000 points in Nifty. For now,17000 looks to be a good support in Nifty. In case of Bank nifty its 37500. If our view is correct, we make be looking at 200 & 500 points fall in respective indices. Option selling ideas shared in last report went very well giving around 300 points in bank nifty and 70+ points in Nifty.

What to expect tomorrow? Both indices having significant short built up and gap down opening may be on the cards. SGX Nifty suggests a flat opening while UD markets had a gap up. So, take this view with a pinch of salt. Expect a red day.

Conviction and bias bearish in both indices

Trading Ideas: Short 38000 ce and 17200 ce

إخلاء المسؤولية