Analysis and Trade Plan - 10 April 2019



  • There is a news report by Bloomberg Quint regarding block deal in HDFC Bank today. If that is true then Nifty and Bank Nifty can come under pressure.

  • SGX is down by 30 points.

  • In sideways market, I hate the part where positions have to be managed so much.

  • Donald Trump fired another thread to raise tariffs for $11 billion on Europe. Dow was jittery due to that yesterday and might create an effect here.

  • Fresh long were created in Nifty yesterday. PCR is still sideways, option writing was on put side and calls were unwinded. Max Pain also moved up a little.

  • There was no speculation on Bank Nifty. Put writing was visible but PCR is sideways and max pain also steady. Bank Nifty needs to break to the upside for further confirmation.

  • On Nifty, if we cross 11720 today, then we may scale even higher. Failure can lead to coming back t previous levels.

  • On Bank Nifty, If we cross 30250 today, then we may scale higher Failure can lead to drifting lower or sideways.

Here are the updated positions:

5 April 2019 - 11 April 2019.xlsx


Rohit Katwal


Telegram Channel - https://t.me/rkatwaltradingupdates

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