Analysis and Game Plan - 20 November 2018

  • Yesterday, while the Nifty and Bank Nifty was up, India Vix was surprisingly up by 4.93%.

  • SGX Nifty is down by 30 points.

  • Dow Jones witnessed a fall of -1.56%, but we are not following dow these days. Else fall on SGX nifty would have showed it.

  • Rupee had further strengthened.

  • Crude is also making a base at lower levels.

  • Nifty futures added long positions along with put writing at every near strike and call writing at 11000.

  • Pain and PCR is bullish.

  • Technically, we are bullish on Nifty.

  • Bank Nifty is inching upward every day, but there is not much speculation on futures.

  • Pain and PCR is constantly moving up which is bullish.

  • There was not much speculation on Options front even.

  • Any impact of whether RBI Government meet was positive or negative will be known today.

Conclusion - Trading with a bullish bias.

Game Plan -

  • If market gapsup and move higher, I will write a bear call spread at higher level and create a iron condor of my overall position.

  • Gapdown will be a tricky situation for my positions. Might add some lower bull put spread or a put calender based on momentum.

  • Flat opening, will write more bull put spread if price takes support.

Here are my open positions:

16 November 2018 - 22 November 2018.xlsx

Rohit Katwal

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