Banknifty returned back to bullish convergence mode, it is on the way to 21728 above 21300.
+356 Cr
|
Support
|
Resistance
|
RSI
|
ADX
|
MACD Signal
|
|
8968
|
9378
|
61+
|
33-
|
101-
|
|
Long Build Up
|
Long Unwinding
|
Short Build Up
|
Short Covering
|
Delivery Volumes
|
|
HDFC
LT
EM
|
|
Hero
Reliance
|
Tata Power
|
LT
Infy
|
|
Max pain
|
PCR
|
Highest (PE)
|
Highest (CE)
|
High Increase (PE)
|
High Increase (CE)
|
|
9050
|
1.19
|
9000
|
9200
|
9100
(36%) |
9250 (10%)
|
- FII are in buy side.
- Global market is up. SGX Nifty is up.
- Overall Net FNO position is long.
- Infy turned back to bullish mode, only
reliance is in short mood. - MAX pain moved from 9000 -> 9050 and PCR
increases above 1. - Open interest at 9100 is added heavily
yesterday. - RSI turned back to increasing mode.
- Banknifty is ready to go up and all other
scripts are positives. - Nifty is bullish.
- Safe to sell 8900 PE in next month.
|
Support
|
Resistance
|
RSI
|
ADX
|
MACD Signal
|
|
20575
|
21705
|
64+
|
34-
|
269+
|
|
Long Build Up
|
Long Unwinding
|
Short Build Up
|
Short Covering
|
Delivery Volumes
|
|
|
HDFC
Bank
BOB
Axis
Bank
SBI
Syndicate
|
|
|
Federal
|
HDFC Bank
Kotak Bank
|
|
|
Max pain
|
PCR
|
Highest (PE)
|
Highest (CE)
|
High Increase (PE)
|
High Increase (CE)
|
|
21000
|
1.12
|
21000
|
21500
|
21200 (292%)
|
21500 (17%)
|
- ICICI Bank is up and HDFC Bank is down in USA.
- Axis bank took support and it goes up.
- No short position is maintained.
- Huge increase in PE selling at 21200 yesterday
- Overall Net FNO position is in long side.
- Banknifty came out of bearish divergence
pattern.
- Bought Nifty April 9300 CE to hedge 9000
Straddle and 9400 CE - Sold out additional 21600 CE for coming expiry
- Having only 5% free cash.
- Will sell more PEs (8900, 8800, 8700) and
20000 PE in next month. - No change is required if market comes down.
| Product | Instrument | Qty. | Avg. price | LTP | P&L | Chg. | |
|---|---|---|---|---|---|---|---|
| NRML | NIFTY17APR8700PE NFO | -900 | 18.89 | 16.50 | +2148.75 | -12.64% | |
| NRML | BANKNIFTY17APR19500PE NFO | -800 | 24.50 | 15.65 | +7080.00 | -36.12% | |
| NRML | BANKNIFTY17APR22500CE NFO | -800 | 31.00 | 29.00 | +1600.00 | -6.45% | |
| NRML | BANKNIFTY17MAR20600PE NFO | -800 | 10.34 | 4.85 | +4388.00 | -53.07% | |
| NRML | NIFTY17APR8500PE NFO | -600 | 10.75 | 6.80 | +2370.00 | -36.74% | |
| NRML | NIFTY17APR9400CE NFO | -600 | 23.34 | 28.70 | -3213.75 | +22.95% | |
| NRML | NIFTY17APR9500CE NFO | -600 | 21.33 | 14.55 | +4065.00 | -31.77% | |
| NRML | NIFTY17APR9000CE NFO | -300 | 196.00 | 213.10 | -5130.00 | +8.72% | |
| NRML | NIFTY17APR9000PE NFO | -300 | 82.00 | 64.05 | +5385.00 | -21.89% | |
| NRML | NIFTY17APR9200CE NFO | -300 | 140.50 | 93.50 | +14100.00 | -33.45% | |
| NRML | NIFTY17APR9200PE NFO | -300 | 132.00 | 142.00 | -3000.00 | +7.58% | |
| NRML | BANKNIFTY17MAR21600CE NFO | -200 | 5.26 | 5.05 | +42.00 | -3.99% | |
| NRML | NIFTY17DEC10000CE NFO | -150 | 165.00 | 181.00 | -2400.00 | +9.70% | |
| NRML | NIFTY17DEC10000PE NFO | -150 | 710.00 | 750.00 | -6000.00 | +5.63% | |
| NRML | NIFTY17APR9300CE NFO | +300 | 49.14 | 54.75 | +1683.75 | +11.42% | |
| TOTAL | 23,118.75 | ||||||
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.
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.
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