CE sellers are back, bit short is created, but spot is above pain. May consolidate or slip down bit

 

Time: 7:30 am  ​​ VIX:​​ 16.03 ​​ ​​​​ SGX Nifty:​​ 11600 ​​​​  ​​​​ FII:​​ +1772​​ Cr  ​​ ​​​​ DII​​ -1323

 

FNO Data Analysis

 

Index

Max Pain

PCR

Highest OI

PE

CE

Highest Increase in OI

PE

 CE

Nifty

11300

1.60

11000

11500

11500​​ (27%)

11600​​ (45%)

Banknifty

29300

1.22

29500

30500

29500​​ (45%)

30300​​ (645%)

 

Future position and Volume Analysis (Nifty & Banknifty stocks)

 

Long Build Up

Profit Booking

Short Build Up

Short Covering

IBHF, Hindalco

JSW, Tata Steel, Zeel, EM, HPCL

Coal India, IOC, NTPC, ONGC, ITC, Maruti, HUL, TCS, Hero, Bajaj Auto, Adani

Reddy, LT, Infy,​​ 

 

 

Nifty​​ (Over all FNO Position: Neutral with negative bias)

 

  • Global market is​​ mixed​​ and SGX nifty is​​ up

  • FII is in sell mode

  • Highest PE is at 10700 and highest CE is at 11000.​​ 

  • More CEs have been added than​​ PE

  • MAX Pain is at 10900 (no change)

  • PCR is decreasing

  • Net future Position is neutral

  • Time to do call ratio

 

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 28000 and CEs are sold 28000.

  • More CEs have been added than PE

  • Max Pain is at 27200 (Down by 300 points)

  • PCR is decreasing

  • Net future position is in neutral

  • Time to do call ratio

 

Executed Trades​​ 

 

  • Done expiry trading and made a profit of 1.6L (Total MTM 2L)

 

Trading Plan

 

  • No plan to trade

 

Open Positions (NIL)

 

 

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.