Banknifty is skeptical to get aligned with global market & drag Nifty. Sell CE in banknifty

Time: 8:30 am   VIX: 14.33  SGX Nifty:  10968  FII: -386 Cr  DII:   +88
Option Data
Analysis
Index
Max Pain
PCR
Highest OI
PE
CE
Highest Increase in OI
PE
          CE
Nifty
10850
1.47
10000
11000
10800 (11%)
11200 (15%)
Banknifty
27300
1.30
27000
27500
27000 (36%)
27500 (48%)
          
Future
& Volume Analysis (Nifty & Banknifty stocks)
Long Build Up
Profit Booking
Short Build Up
Short Covering
High Delivery Volumes
Infy, Kotak, LT, HCL,
IBHF, Yes, HPCL, Asian Paint
NTPC
Grasim,
Cipla, Vedl, Maruti, Ultratech, Coal India
ONGC
Nifty
(Over all FNO Position: Neutral)
·
Global market is down and SGX nifty
is down.
·
FII is in sell mode
·
Highest PE is at 10000 and highest CE
is at 11000.
·
PEs are added at 11000 and CEs are
added at 11100
·
More number of PEs have been added than
CEs
·
MAX Pain is at 10850 (50 points up)
·
PCR is bullish
·
Net future Position is in neutral
·
Time to stay away
Banknifty (Over all FNO Position: Neutral with
negative bias)
·
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 27000 and CEs are
sold at 27500.
·
More number of CEs have been added
than PEs
·
Max Pain is at 26900 (300 points)
·
PCR is bullish
·
Net future positions is in long
·
Time to sell CE
Executed Trades
ü
Done expiry trading and made profit
of 1.5L
Trading Plan
ü
May go short in Nifty and banknifty
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.

 

 

4 comments found

  1. sir i am bit confused pls help
    1) what it means by net future position is long and how do we arrive at that conclusion
    2)if net future position is long then why do we sell bank nifty
    it is mentioned that net fu

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