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Wednesday, April 10, 2019

Stock Market Walk Through - Weekly Expiry - 11-04-2019

1. Weekly Expiry
2. Global Market is marginaly green.
3. FII/DII are net buyers
4.Nifty forms double inside bar in day candle. so we can confirm the trend with mother candle.
  uptrend will start once day candle close above 11710 and day close below 11550 will confirm downtrend.  NOTE: Day Close
5. VIX got nearly 21 and it is not good for bull market.
6. USD $ is much better than last 2 days, but still it has to come below 69 is good for investment or bull market.
7. Tomorrow TCS, INFY result are major in NIFTY index, so keep eye on those two stocks after 2:30, That may gives some volatility in indexes.
8. Max Pain on nifty - 11600 [shift from 11500*], BN 30000 [shift from 29800*]
9. FNO Analasis -   Features - Nifty looks like bearish, BN strong bearish.
                    Option PC Ratio - Nifty - Bearish & BN - Bearish
                    OI - Yesterday 11700 Call OI got increased, so it will act as resistance and the put side 11550.
10. Nifty may end between 11520-11680 range.

     NOTE: uptrend will start above 11710 and day close below 11550 will confirm downtrend.



My Trade Plan

1. Sort Stradle at ATM, Sort Strangle at OTM which ever the LTP > 8 rs in nifty [ ATM, OTM ],
2. LOTS - Confidential*

TRADE WITH CAUTION
HAPPY TRADING
Vijay

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