Pre - Stock Market Walk Through - Weekly Expiry - 02-05-2019

1. Expiry - Weekly

2. Global Market:
            US            - Down, due to fed changes
            European  - Mixed
            Asian        - Mixed
           SGX Nifty - Down

3. FII/DII activities 
    Cash market - FII are net buyers of 114 cr and DII are net sellers of 730 cr.

    **Last day in second session, Nifty recovered the losses.

4. Candles - Nifty forms a dragon fly doji or hanging man,sign of reversal

5. VIX is at 21 

6. USD/INR $ - 69.84 but still it has to come below 69 is good for investment or bull market.

7. Result/Events - Brittania, Bandhan Bank,

8. Max Pain   -  Nifty @ 11700 [shift from 11600*], BN @ 29800.

9. FNO Analasis -   Features              - Nifty & BN looks like Neutral
                                 Option PC Ratio - Nifty - Neutral & BN - Bearish

10. Trend Movements - Nifty may end between 11600-11760 range.



My Trade Plan
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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 call or short call spread, latter strangle/stradle if required ]
2. I will watch yesbank and britannia and short.

3. LOTS - Confidential*


TRADE WITH CAUTION
HAPPY TRADING
Vijay


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