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Wednesday, April 24, 2019

Stock Market Walk Through - Weekly & Monthly Expiry - 25-04-2019

1. Expiry - Weekly & Monthly..

2. Global Market:
            US            - Slightly down
            European  - Mixed
            Asian        - Mixed
           SGX Nifty - Recovering

3. FII/DII activities 
    Cash market - FII are net buyers of 974 cr and DII are net sellers of 657 cr.
    FNO market - FII are net buyers of 823 cr and DII are net sellers of 64 cr
 
    **Yesterday in second session, Sort covering and the FII activities push the market up, NIfty 150+ pts, BN 350+ pts, IT 200+ pts
 
4. Candles - Nifty forms a long bull candle and it close the gap with shadow. so we can confirm the trend once the shadow has be filled by body. Yesterday small red candle forms as a morning star at an important support levels in day candle.
  Start next week long positions after 11740, NOTE: Open price should be lesser than 11730 atleast to confirm the long.

5. VIX got nearly -3.8% today to make our bull market strong. but still yet to cool off.

6. USD/INR $ is still in the resistance level of last few days, but we cannot say it is helpful to the bull market, but still it has to come below 69 is good for investment or bull market.

7. Result/Events - Axis Bank, Cyient, Indiabulls Ventures, Maruti Suzuki, Nestle India, Tata Steel

8. Max Pain   -  Nifty is shift to 11650-11800 levels,  Nifty @ 11700 [shift from 11600*], BN @ 29800.

9. FNO Analasis -   Features              - Nifty & BN looks like bullish
                                 Option PC Ratio - Nifty - Bulish & BN - Netural                               

10. Trend Movements - Nifty may end between 11630-11780 range.



My Trade Plan
#############

1. Sort Stradle at ATM, Sort Strangle at OTM which ever the LTP > 8 rs in nifty and  > 15 rs in BN [ ATM, OTM ],
             Nifty [  first session - nacked put or short put spread, latter strangle/stradle if required ]
2. Also will sell 1-2 stock option if i feel to go head, due to monthly expiry
             Today I am going to short axis bank [strangle].

3. LOTS - Confidential*


TRADE WITH CAUTION
HAPPY TRADING
Vijay


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