Analysis and Trade Plan - 12 March 2019

  • What a week to be a bull. Nifty future added huge OI yesterday along with put writing. We opened positive and not once did we tried to test lower levels. Support was evident all the way. It looks like a pre-election result rally.

  • Nifty Pain has started to move up with PCR at 2.03 which is ultra bullish.

  • VIX has cooled down to 14.90 which is also good for bulls.

  • Puts at 11100 witnessed huge writing which means 11050 is safe for put writing.

  • With this pace we might hit the target of 11600 before election results are out.

  • There is not much speculation in Bank Nifty yet. The way Nifty is going, it can soon follow.

  • PCR at 1.33 is bullish. Pain is also moving up.

  • Bank Nifty is approaching all time high and near top, I might decide to take some naked calls.

  • Put writing was more than call writing.

  • Given the momentum in Nifty today and the positive sentiment it has created, I think we might move further up tomorrow.

  • Currently I am holding all bullish positions and would like to hold them till expiry.

  • Rupee has strengthened and moved below 70 after a long time. It is also adding to positive sentiment.

  • Crude Oil is currently stable.

  • SGX Nifty is up by 40 points hinting at a positive opening for market.

  • Overall sentiment is bullish. Profit lies not in execution based on bullishness but knowing when to execute based on that bullishness, so I will see during market hours when is the right time to go long or even take counter position.

Here is the spread sheet of open positions:

11 March 2019 - 14 March 2019.xlsx

Rohit Katwal



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