Banknifty, reliance and TCS are ready to shake nifty today. Avoid current month to get rid of gamma effect.

Banknifty, reliance and TCS are ready to shake nifty today. Avoid current month to get rid of gamma effect.

Time: 7:00 am                                            FII: +543 Cr DII:
+1094 Cr


Nifty
Technical Data and Analysis
Support
Resistance
RSI
ADX
MACD Signal
8968
9375
65+
41-
131-
Future position and Volume Analysis
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
Open Interest Analysis
Max pain
PCR
Highest (PE)
Highest (CE)
High Increase (PE)
High Increase (CE)
9000
1.11
8800
9200
9100 (17.7%)
9200 (9.27%)
Summary
  • 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.
Banknifty
Technical Data and Analysis
Support
Resistance
RSI
ADX
MACD Signal
20575
21705
63+
35-
267-
Future position and Volume Analysis
Long Build Up
Long Unwinding
Short Build Up
Short Covering
Delivery Volumes
Federal
Karnataka
Syndicate
South
Indian
Yes
Canara
BOB
Union
Indusind
SBI
Open Interest Analysis
Max pain
PCR
Highest (PE)
Highest (CE)
High Increase (PE)
High Increase (CE)
21000
0.98
20500
21500
21000 (42%)
21600 (51%)
Summary
  • 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.
Executed Trades
  • 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.
Trading Plan
  • Will sell more PE as market turned bullish
    again.
  • Not much required if market comes down.
Open Positions

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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