Analysis and Trade Plan - 19 March 2019

  • Key news to watch on 20th March is Federal Reserve Monetary Policy meet.

  • In last two days, we have witnessed some selling coming back.

  • Nifty and Bank Nifty future did not witness any further long addition.

  • Respective PCR are also in sideways zone.

  • Max Pain had been moving for the last few days and I sense it stabilizing at 11400 for Nifty and 29500 for Bank Nifty.

  • Yesterday, compared to Nifty, Bank Nifty was highly volatile. I hit some losses. Then I shifted my positions to Nifty.

  • India Vix has risen above 16 once again.

  • Rupee is gaining strength every day and might be the reason that we might be bullish today also.

  • After such a rally, there is a cool off and backed by data, I think we have entered a sideways phase.

Here are my open positions:

15 March 2019 - 20 March 2019.xlsx


Rohit Katwal

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