Analysis and Trade Plan - 11 February 2019
Nifty is overall bullish. We got a decisive break on Wednesday/Thursday. But it can be a failed breakout so we need more information going further.
Everybody is saying global market is weak, but I do not find any thing concrete regarding it.
Bank Nifty is indeed weak and not moving as it should. It is in sideways phase.
I was travelling for last few days, so even I am out of sync with market data right now.
Future and option data seem to be contradicting and indecisive at the moment.
Nifty weekly options are also starting today. I will give it a miss for this week as we need to see how premiums are set for the Nifty.
I will trade after 12:30 pm. If I do not find any clear trend, then I might end up with strangle.