Update - 28 May 2019

• I mentioned in the analysis today that I was expecting Nifty and Bank Nifty to behave sideways.

• Nifty has resistance at 12000 and it is acting as a psychological barrier.

• Everything is positive for the Indian Markets right now. There was no negative news. It was retracement that unfolded today.

• I mentioned in the morning, that we are bullish. Everytime we fell, we were very swift to rise.

• Guessing this price action and sideways movement, I initiated calendar spread from my personal and clients account. In the end, sensing we may remain sideways, I also took naked call options of 12100 on Nifty.

Here is how positions look now:

17 May 2019 - 30 May 2019.xlsx

Rohit Katwal

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