Analysis and Trade Plan - 15 January 2019

  • I could only transfer 50k yesterday with which I am holding a said bear call spread for 32 points.

  • Brexit vote is also awaited and its impact is unknown yet. Last time it was a huge sell off.

  • Dow Jones is witnessing little activity for past few trading sessions.

  • India Vix climbed to 16.16 and any escalation to 17 won't be good.

  • Rupee seemed to have formed a base for now.

  • Crude Oil can start its upward journey above 63.50

  • Indian ADR's ICICI Bank is down by 2.25% and HDFC Bank is down by 1.73%. It can cause a negative movement after opening in Bank Nifty.

  • Technically, Nifty is sideways on daily charts and bearish on 2 hourly and 30 minute charts.

  • Bank Nifty is still bullish, but is turning bearish on lower time frame.

  • Nifty pain is steady at 10800 and PCR is also sideways right now.

  • Bank Nifty pain has come down to 27300 and pcr is bearish.

  • There is not much action in options of Nifty while Bank Nifty has seen significant call writing.

  • Currently we are in a broad sideways market. Nifty and Bank Nifty are consolidating and direction is not known yet. Breakout will be hard as we haven't gone any where in January series and half the month is gone.

  • Because of new beneficiary rules, I will able to trade only after 12:30 pm which is also acting good for my overall net profit. Not trading sometimes is a good thing. And we are seeing market before a direction.


Rohit Katwal



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