Diminishing volume goes in favor of short sellers.

Time: 9:25 am
Banknifty
·                    
Market has provided good bandwidth to invest in banking stocks.
·                    
Never worry about demonetization and still keep investing.
·                    
HDFC bank and ICICI bank are almost flat in USA.
·                    
Technically ICICI bank is ready to bounce bank.
·                    
Axis bank is trying to get bottomed out and still searching for
bottom.
·                    
It is matter of time for Axis bank to go up.
Nifty
·                    
Except TAMO, ASIANPAINT and EICHERMOTORS, the entire index looks
weak.
·                    
Diminishing volume goes in favor of short sellers.
·                    
People are expecting good news from central GOV to please tax
payers.
·                    
All Indian stocks opened flat in USA.
·                    
Right no trigger point for market to go up.
·                    
Long buyers have to hold the hands very tight till next year.
My Position & Trading Plan
·                    
Holding VEDL Put and SBI long now with even more CEs.
·                    
Hedged SBI future long with next month 270 CE.
·                    
Will start selling option in next month from today.
·                    
SBI future long is the one which is hurting much.
·                    
Will take new positions in coming days in next month contract/

Open Positions(8) Historical Download

Product
Instrument
Qty.
Avg.
price
LTP
P&L
Chg.
NRML
SBIN16DEC265CE NFO
-6000
1.15
0.25
+5400.00
-78.26%
NRML
VEDL16DEC195PE NFO
-6000
1.25
0.35
+5400.00
-72.00%
NRML
SBIN16DEC270CE NFO
-3000
5.25
0.20
+15150.00
-96.19%
NRML
SBIN17JAN275CE NFO
-3000
2.10
1.95
+450.00
-7.14%
NRML
NIFTY17JAN8000CE NFO
-75
166.00
146.75
+1443.75
-11.60%
NRML
NIFTY17JAN8000PE NFO
-75
114.90
117.95
-228.75
+2.65%
NRML
CRUDEOILM17JANFUT MCX
-1
3,567.00
3,596.00
-290.00
+0.81%
NRML
SBIN16DECFUT NFO
+3000
268.00
249.85
-54450.00
-6.77%
TOTAL
-27,125

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.