Update - 20 November 2018

Looks like we have an immediate top for this week. Gone short and cleared all longs. Will put details later. Got a whipsaw.

Gone Long.

Sticking to shorts now.

12:52 pm - This right now is a whipsaw market. We need to close below 26130 for sure downside move. But it is oscillating between 26180 and 26240. I have got whipsawed 3 to 4 times from morning causing a minor loss. I don't want to get trapped in bullish side at top so shuffling position. Bank Nifty is being managed by market makers right now to trap someone. Bulls or bear is not sure right now. Any loss, I will cover on expiry day. Today also, surprisingly, market is down, vix is down too.

03:15 pm - Covered most of the intraday whipsaw loss. Now holding -20 X 26400 & +10 26600. I think we will remain down or sideways from here for the next two days. 10 lots are naked. I think we have formed a temporary top for now.

Positions are updated in the sheet:

16 November 2018 - 22 November 2018.xlsx

Rohit Katwal

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