Trade Log NIFTY April 21

Apr 21, 2020

NIFTY Opened gap down below 9040. Then slipped below 9000.

1. Today's fall was on bad global news.
2. I do not think that this is just one day fall. This is likely to continue tomorrow.
3. If it closes below 8821, then the possibility of lower low in place.

I am not holding any positions tonight.

I was holding sold Calls at 9400 and 9300. I covered those today.

My weekly view is still in place , key level to observe now is 8821.

And overall, 9400 Level, which was highlighted in Monthly Review still holding as intermediate top