• Rohit Katwal

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:

1 April 2019 - 4 April 2019.xlsx

Rohit Katwal

Telegram Channel - https://t.me/rkatwaltradingupdates

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