Aggressive long is taken in all heavy weights. Banknifty is set to create record high. Time to sell PE with protection

Time: 9:00​​ am  ​​ VIX:​​ 16.65 ​​​​ SGX Nifty:​​ ​​ 11666​​ ​​ FII:​​ +3595​​ Cr ​​​​ DII:​​ -2080​​ Cr

 

Option Data Analysis

 

Index

Max Pain

PCR

Highest OI

PE

CE

Highest Increase in OI

PE

 CE

Nifty

11300

1.08

11000

12000

11500

11000

Banknifty (M)

29000

1.17

27000

28500

30000

27000

 

Future &​​ Volume Analysis (Nifty & Banknifty stocks)

 

Long Build Up

Profit Booking

Short Build Up

Short Covering

BPCL, GAIL, Axis, HCL, Airtel, Kotak, IBHF, HDFC Bank, JSW, Sun Pharma, Asian Paint, HUL, HDFC

NTPC, IOC, ONGC

Bajaj Auto, Hindalco, PGC, Tata Steel, Hero, MM, Britannia, Finserv

LT, Coal India, ITC, Yes, TechM, Cipla, ICICI, RIL, Indusind, Titan, SBI, TCS

 

Nifty​​ (Over all FNO​​ Position:​​ Slightly Bullish)

 

Global market is​​ up​​ and SGX nifty is​​ up

FII is in buy side

Highest PE is at 11000 and highest CE is at​​ 12000.

PEs are added at 11500 and CEs are added at​​ 110000

More number of PEs have been added than CEs

MAX Pain​​ is at 11300 (no change)

PCR is​​ increasing

Net future Position is long

Time to sell PE with protection

 

Banknifty​​ (Over all FNO Position:​​ Bullish)

 

ICICI Bank is up and HDFC Bank is down USA.

Highest PE is at 27000 and Highest CE is at​​ 28500.

PEs are sold at 30000 and CEs are sold at​​ 27000

More number of PEs have been added than CEs

Max Pain is at 29000 (no change)

PCR is increasing

Net future positions is long

Time to sell more PE

 

 

Executed Trades

  • Done expiry trading and made a profit of 1.1L profit

 

Trading Plan

  • Will do​​ nothing

 

Open Positions​​ (No positions)

 

 

 

Jegathesan Durairaj, a mathematician by qualification, an Ex-software professional and now a full time Risk Defined Option Writer. With his Open Book Strategies, he is the most known identity in twitter as itjegan, with huge followers. He had won Zerodha 60 Day Challenge – 10 Times round-the-clock. He is one of the prime Option Writing Trainer and tutored close to 1000 members till now.

He is the Mastermind of CapitalZone – Active Option Trading where Traders can avail Trading Chart with customised indicators, FNO tools and Payoff analysis. His keynote is to provide whole FNO deets to be handy for Traders in a sole place.

Now he is taking more heed on hedging portfolio in Option Writing where we might subject to more market risk. He is streamlining his strategies often and improving perpetually. At this time unfolding ways to measure good-quality Trend Following System.

Conducting workshop in all Metro Cities (Delhi, Mumbai, Bangalore, Chennai and Coimbatore) often based on queries from Traders.