See volatile trade ahead of F&O expiry: R K Global

R K Global has come out with its research report on Indian equity markets. The firm sees volatile trading ahead of March F&O expiry.

The report says, "We clearly see a bearish “Head and Shoulder” pattern break down on its way. But the question arises, is there any possibility of bounce back, then we say yes. Possibility is there, Nifty touching 5720 level even 5780 once again and the “right shoulder” might get extended for few more sessions, we believe. So don’t prefer aggressive short selling all across the script right at this very moment as this does not favor the risk reward ratio."

"Ahead of March F&O expiry we expect volatile trading ahead so script specific trading strategy is better to be followed so, we recommend specific FMCG & Pharmaceutical for long side trade. Whereas Bank and Metal both these sectors are on the top of our priority list and any pull back till a technically justified level, is a decent opportunity for a sell short," the report added.

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