Analysis and Trade Plan - 4 April 2019
So MET predicted that we are going to have a bad monsoon and market tanked. We just cannot believe what news is being given out. After such a rally in few weeks, market was bound to retrace.
Since the start of the series, Nifty future is witnessing long unwinding.
SGX Nifty is also pointing to a sideways start.
We had put unwinding and call writing yesterday.
Broader market may be in uptrend but on smaller time frame has started a down trend.
Today market will mainly take a direction based on RBI Monetary Policy meeting out come so it is better to take expiry trade after 11:45 am, once market ha digested the news and go with the flow.
I won't be exiting my positions unless the price is below ₹1.
I am trading with sideways to bearish bias.
Details of my trades are shared below:
Telegram Channel - https://t.me/rkatwaltradingupdates