All FNO (PCR, Max Pain , OI, Future) smells bearishness. Sell CE

 

Time: 8:30 am   VIX: 14.42  SGX Nifty:  11304  FII: -1144 Cr    DII:   +265 Cr
 
FNO Data Analysis
 
 
Index
Max Pain
PCR
Highest OI
PE
CE
Highest Increase in OI
PE
          CE
Nifty
11400
0.94
11200
11500
11100 (13%)
11400 (36%)
Banknifty
26600
0.76
27000
27500
26500 (18%)
27000 (62%)
 
 
 
 
 
 
              
Future position and Volume Analysis (Nifty & Banknifty stocks)
 
Long Build Up
Profit Booking
Short Build Up
Short Covering
High Delivery Volumes
 
Tata Steel, EM
SBI, Coal India, ICICI, Kotak, LT, UPL
Grasim, Gail, ONGC, HUL
HDFC
 
 
 
 
 
 
 
Nifty (Over all FNO Position: Slightly Bearish)
 
·                     Global market is up and SGX nifty is down.
·                     FII is in sell mode
·                     Highest PE is at 11100 and highest CE is at 11500.
·                     PEs are added at 11100 and CEs are added at 11400
·                     More number of CEs have been added PEs
·                     MAX Pain is at 11400 (down by points)
·                     PCR is bearish
·                     Net future Position is short
·                     Time to sell CE
 
Banknifty (Over all FNO Position: Slightly Bearish)
 
·                     ICICI Bank is down and HDFC Bank is down in USA.
·                     Highest PE is at 27000 and Highest CE is at 27500.
·                     PEs are sold at 26500 and CEs are sold at 27000.
·                     All Banknifty stocks are in short
·                     More number of CEs have been added than PEs
·                     Max Pain is at 26600 (Down by 200 points)
·                     PCR is bearish
·                     Net future positions is short
·                     Time to sell CE
 
Executed Trades
 
ü  Gone short twice in Banknifty to save 27000 put calendar.
ü  Sold 26000 PE to hedge Banknifty
ü  Bought 11200 PE to hedge Nifty future long
ü  Sold 11600 CE, 11500 CE, 11400 CE double the volume to hedge Nifty future long
ü  Sold many CEs in (weekly and monthly in intraday) Banknifty to hedge PCS, sold PEs
 
Trading Plan
 
ü  Will do expiry trading.
ü  Will close the all the positions in Banknifty
ü  Will carry only Nifty positions
 
Open Positions
 
     
                   
 
 
Scrip Name
Date
Qty
Avg Rate
Value
Prev Close
Market Value
M2M
 
 
 BANKNIFTY 19 Sep 2018 CE 26700.00
 
-800
36.43
(29141.04)
28.40
(22720.00)
6421.04
 
 
 BANKNIFTY 19 Sep 2018 PE 27000.00
 
-800
85.12
(68099.84)
511.35
(409080.00)
(340980.16)
 
 
 BANKNIFTY 27 Sep 2018
 
-480
26808.51
(12868086.45)
26553.10
(12745488.00)
122598.45
 
 
 BANKNIFTY 27 Sep 2018 PE 26000.00
 
-480
45.21
(21703.07)
80.85
(38808.00)
(17104.93)
 
 
 BANKNIFTY 27 Sep 2018 PE 26800.00
 
720
130.11
93681.14
384.50
276840.00
183158.86
 
 
 NIFTY 25 Oct 2018 PE 12000.00
 
1200
333.08
399700.92
650.90
781080.00
381379.08
 
 
 NIFTY 27 Sep 2018
 
450
11526.08
5186736.66
11310.20
5089590.00
(97146.66)
 
 
 NIFTY 27 Sep 2018 CE 11400.00
 
-900
65.72
(59143.95)
57.30
(51570.00)
7573.95
 
 
 NIFTY 27 Sep 2018 CE 11500.00
 
-450
63.83
(28722.63)
30.00
(13500.00)
15222.63
 
 
 NIFTY 27 Sep 2018 CE 11600.00
 
-1200
29.95
(35940.12)
14.95
(17940.00)
18000.12
 
 
 NIFTY 27 Sep 2018 PE 11200.00
 
450
32.83
14772.77
56.15
25267.50
10494.74
 
 
 NIFTY 27 Sep 2018 PE 12000.00
 
-1200
305.46
(366546.84)
682.50
(819000.00)
(452453.16)
   
 
       
         
     
   

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 РActive 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.

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