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Wednesday, February 20, 2019

Stock Market Walk Though - Weekly Expiry - 21-02-19

1. Nifty/BN Weekly Expiry
2. PCR - Nifty looks like neatural, BN slightly looks bullish.
3. But the volume/OI changes shows like bullish trend after or once the break out happens.
4. Up side 75-100 and BN - 150-200 pts expected. down side 50-75 and the BN - 200 Pts
5. FII are net sellers and DII are buyers. Still waiting for FII to pump in.
6. ADX, MACD signals are still not confirm the bullish.
7. Short cover happend yest in nifty and shot up in last 40 min.
8. SGX nifty is 20 pts low at 8:30 AM IST. so looks like our NIFTY may go down before bulls take position.
9. 10700-800 is the SR-1 and 10600-1900 SR-2 with huge OI.
10. Yesterday BN traded with huge volume in 27000 strike price. so BN may trade between 26800-27200.
11. Nifty may end inbetween 10700-800 and BN


My Trade Plan

 1. BN - Stradle, Strangle [depends]
 2. LOTS - Confidential*


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