Banknifty, reliance and TCS are ready to shake nifty today. Avoid current month to get rid of gamma effect.
+1094 Cr
|
Support
|
Resistance
|
RSI
|
ADX
|
MACD Signal
|
|
8968
|
9375
|
65+
|
41-
|
131-
|
|
Long Build Up
|
Long Unwinding
|
Short Build Up
|
Short Covering
|
Delivery Volumes
|
|
Coal
India
HDFC
|
Infy
MM
Sun pharma
ACC
Adani Port
|
TCS
Ambuja
Grasim
ONGC
|
|
Maruti
HDFC
|
|
Max pain
|
PCR
|
Highest (PE)
|
Highest (CE)
|
High Increase (PE)
|
High Increase (CE)
|
|
9000
|
1.11
|
8800
|
9200
|
9100 (17.7%)
|
9200 (9.27%)
|
- Maruti has formed bearish divergence in Daily,
Weekly and Monthly chart. Weekly Chart Attached. - Both global market and SGX nifty is slightly
down. - Shorts are getting added.
- Overall Net FNO position is neutral.
- Since ADX is coming down, I do not expect
aggressive move. - Banknifty and reliance may drag nifty down
today. - Stay away from current month contract.
|
Support
|
Resistance
|
RSI
|
ADX
|
MACD Signal
|
|
20575
|
21705
|
63+
|
35-
|
267-
|
|
Long Build Up
|
Long Unwinding
|
Short Build Up
|
Short Covering
|
Delivery Volumes
|
|
|
Federal
Karnataka
Syndicate
South
Indian |
|
|
Yes
Canara
BOB
Union
Indusind
SBI
|
|
|
|
Max pain
|
PCR
|
Highest (PE)
|
Highest (CE)
|
High Increase (PE)
|
High Increase (CE)
|
|
21000
|
0.98
|
20500
|
21500
|
21000 (42%)
|
21600 (51%)
|
- ICICI Bank is up and HDFC Bank is down in USA.
- Overall Net FNO position is in long side.
- Max pain is almost neutral and PE is getting
increased - But still Banknifty is bearish divergence mode
and PCR is negative, stay away from current month contract.
- Sold out additional Nifty 8700 PE.
- Sold out Nifty 10000 CE (Dec) to hedge Nifty
10000 PE (Dec). - Sold out Banknifty 19500 PE (Apr) and
Banknifty 21500 CE (Apr). - Sold out additional Banknifty 20600 PE (Mar).
- Having 10% free cash.
- Will sell more PE as market turned bullish
again. - Not much required if market comes down.
Open Positions(12) Historical Download
| Product | Instrument | Qty. | Avg. price | LTP | P&L | Chg. | |
|---|---|---|---|---|---|---|---|
| NRML | NIFTY17APR8700PE NFO | -900 | 18.89 | 18.95 | -56.25 | +0.33% | |
| NRML | BANKNIFTY17APR19500PE NFO | -800 | 24.50 | 25.00 | -400.00 | +2.04% | |
| NRML | BANKNIFTY17APR22500CE NFO | -800 | 31.00 | 27.50 | +2800.00 | -11.29% | |
| NRML | BANKNIFTY17MAR20600PE NFO | -800 | 10.34 | 12.40 | -1652.00 | +19.98% | |
| NRML | NIFTY17APR8500PE NFO | -600 | 10.75 | 7.80 | +1770.00 | -27.44% | |
| NRML | NIFTY17APR9500CE NFO | -600 | 21.33 | 16.50 | +2895.00 | -22.63% | |
| NRML | NIFTY17APR9000CE NFO | -300 | 196.00 | 209.00 | -3900.00 | +6.63% | |
| NRML | NIFTY17APR9000PE NFO | -300 | 82.00 | 69.50 | +3750.00 | -15.24% | |
| NRML | NIFTY17APR9200CE NFO | -300 | 140.50 | 97.00 | +13050.00 | -30.96% | |
| NRML | NIFTY17APR9200PE NFO | -300 | 132.00 | 149.50 | -5250.00 | +13.26% | |
| NRML | NIFTY17DEC10000CE NFO | -150 | 165.00 | 188.50 | -3525.00 | +14.24% | |
| NRML | NIFTY17DEC10000PE NFO | -150 | 710.00 | 755.00 | -6750.00 | +6.34% | |
| TOTAL | 2,731.75 | ||||||
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.
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