FNO smells mixed Short and Long Build up. PCR and Max Pain are not impressive. Nifty is expected to get consolidated at 9200

FNO smells mixed Short and Long Build up. PCR and Max Pain are not impressive. Nifty is expected to get consolidated at 9200

Time: 8:20 am      VIX: 12.15  SGX Nifty: 9212     FII: +68 Cr    DII: +1701 Cr
Nifty
                              
Technical Data and
Analysis
Support
Resistance
RSI
ADX
MACD Signal
8968
9378
71+
36+
256-
Future position and
Volume Analysis
Long Build Up
Long Unwinding
Short Build Up
Short Covering
Delivery Volumes
HERO, MM, EM
LT, Reliance
Asian paint
Maruti, Grasim
CIPLA, AURO
Ultratech
HCL
Bajaj
Lupin
BHEL, Hindalco
TAMO, ACC, ITC
TCS, Reddy,
Tata Streel, Infy
HDFC, PG, NTPC
GAIL, Cairn
TechM, Amjua
HDFC, TCS, ITC
Infy, Wipro
Ultratech, Ambuja
TAMO, TechM, MM
Reddy, Cipla, Lupin






Open Interest
Analysis
Max pain
PCR
Highest (PE)
Highest (CE)
High Increase (PE)
High Increase (CE)
9150
0.84
9000
9500
9200 (32%)
9200 (74%)
Summary
·                    
FII are in buy side.
·                    
Global market is mixed (US market is up and Asian Market is
down). SGX Nifty is flat.
·                    
FNO smells equal number of shorts and long with good delivery
volumes.
·                    
PCR turned negative and Max pain is at 9150 only.
·                    
Overall FNO position is neutral,
·                    
Lot of Short straddle taken at 9200.
·                    
Sell 9000 PE and 9500 CE OR Create Short straddle at 9200.
Banknifty
Technical Data and
Analysis
Support
Resistance
RSI
ADX
MACD Signal
20575
21705
64+
34-
269+
Future position and
Volume Analysis
Long Build Up
Long Unwinding
Short Build Up
Short Covering
Delivery Volumes
HDFC Bank
BOB
Kotak Bank
PNB
Andhra Bank
ICICI Bank
Karnataka
Axis Bank
Bank India
South India
Canara Bank
Open Interest
Analysis
Max pain
PCR
Highest (PE)
Highest (CE)
High Increase (PE)
High Increase (CE)
21500
0.79
21000
21500
21000 (185%)
21500 (219%)
Summary
·                    
ICICI Bank is up and HDFC Bank is up in USA.
·                    
Not much delivery volume.
·                    
FNO also smells that Banknifty would like to take rest for some
time.
·                    
PCR is below 0.80. Be careful in selling PE.
·                    
MAX pain is 21500, which is below LTP. Be ready to sell CE.
·                    
21700 will act as huge resistance.
·                    
Good to sell 20500 PE and 22500 CE for this month as they are
good Fibonacci support and resistance.
·                    
Attached the chart explaining the same.
Executed Trades
·                    
Done expiry trade. Ended up with no profit and no loss due to
huge rally in HDFC Bank at 2:58.
·                    
Exited many trades yesterday since I wanted to make use of those
margins.
·                    
Having 50% free cash.
Trading Plan
·                    
Taking neutral view for this month.
·                    
Will create equal number of CE and PE in both sides. (20500 PE & 22500 CE and 8900 PE &
9400 CE)

Open Positions

Product Instrument Qty. Avg. price LTP P&L Chg.
MIS NIFTY17MAR9150PE NFO 0 0.00 0.05 +7.50 NA
MIS NIFTY17MAR9150CE NFO 0 0.00 22.50 -967.50 NA
NRML NIFTY17DEC10000PE NFO -150 710.00 726.00 -2400.00 +2.25%
NRML NIFTY17DEC10000CE NFO -150 165.00 180.00 -2250.00 +9.09%
NRML NIFTY17APR9400CE NFO -600 23.34 31.10 -4653.75 +33.23%
NRML NIFTY17APR9200PE NFO -300 132.00 119.25 +3825.00 -9.66%
NRML NIFTY17APR9200CE NFO -300 140.50 104.60 +10770.00 -25.55%
MIS NIFTY17APR8700PE NFO 0 0.00 12.05 +5838.75 NA
MIS BANKNIFTY17MAR21700CE NFO 0 0.00 0.05 +2976.00 NA
MIS BANKNIFTY17MAR21600PE NFO 0 0.00 0.05 +3530.00 NA
NRML BANKNIFTY17MAR21600PE NFO 0 0.00 0.05 +18550.00 NA
MIS BANKNIFTY17MAR21600CE NFO 0 0.00 16.00 +6130.00 NA
MIS BANKNIFTY17MAR21500PE NFO 0 0.00 0.10 +4998.00 NA
MIS BANKNIFTY17MAR21500CE NFO 0 0.00 118.90 -61784.00 NA
MIS BANKNIFTY17MAR21400PE NFO 0 0.00 0.05 +9758.00 NA
MIS BANKNIFTY17MAR21300PE NFO 0 0.00 0.05 +1466.00 NA
MIS BANKNIFTY17MAR21200PE NFO 0 0.00 0.05 +6090.00 NA
MIS BANKNIFTY17MAR21100PE NFO 0 0.00 0.05 +6822.00 NA
MIS BANKNIFTY17APR22500CE NFO 0 0.00 43.00 -8600.00 NA
NRML BANKNIFTY17APR20500PE NFO -200 67.33 64.50 +566.00 -4.20%
NRML BANKNIFTY17APR20000PE NFO -1000 33.87 24.90 +8966.00 -26.47%
TOTAL 9,638

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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