FNO smells range bound today, but More CEs added & Banknifty looks weak. Better to sell options in both sides & get away before 3 pm

FNO smells range bound today, but More CEs added & Banknifty looks weak. Better to sell options in both sides & get away before 3 pm

Time: 7:45 am   VIX: 12.49      SGX Nifty: 10517      FII: +172 Cr        DII: -207 Cr
FNO Data Analysis
Index
Max Pain
PCR
Highest OI
PE
CE
Highest Increase
in OI
PE
          CE
Nifty
10400
1.49
10000
10600
10550 (19%)
10550 (61%)
Banknifty
25600
0.97
25000
26000
25200 (44%)
25700 (114%)
                              
Technical
Data and Analysis
Index
Support
Resistance
4 Hour Trend
Daily Trend
Weekly Trend
Nifty
10496
10616
Up
Up
Up
Banknifty
25280
25920
Up
Up
Up
Future
position and Volume Analysis (Nifty & Banknifty stocks)
– Credit goes to StockEdge
Application
Long Build Up
Profit Booking
Short Build Up
Short Covering
High Delivery Volumes
Lupin, Sun Pharma, Auro
ACC, GAIL, Yes, NTPC,
Coal India, Asian Paint
SBI, Syndicate,
Ambuja, IOC, Adani,  Axis, Canara
Reddy, OIL, TechM,
VEDL
Nifty
(Over all FNO Position: Neutral)
·                    
Global market is up and SGX nifty is flat.
·                    
FII is in buy mode.
·                    
Highest CE is at 10600 and highest PE is at 10000.
·                    
PE is sold at 10550 and CE is sold at 10550.
·                    
More CEs are added yesterday, but downside and upside are
limited.
·                    
Max Pain is at 10400
·                    
PCR is bullish
·                    
Net position is neutral in future
·                    
Short strangle at 10400 PE and 10550 CE
Banknifty (Over all FNO Position: Neutral with
negative bias)
·                    
ICICI Bank is down and HDFC Bank is down in USA.
·                    
Highest PE is at 25000 and Highest CE is at 26000.
·                    
PEs are sold at 25200 and CEs are sold 26700.
·                    
More CEs are added than PE
·                    
Max Pain is at 25600.
·                    
PCR is bit bearish.
·                    
Net position is short in future.
·                    
Time for short strangle at 25800 CE and 25200 PE.
Executed Trades
ü 
Sold 25000 PE, 25800 CE, 25900 CE
Trading Plan
ü 
Will do expiry trading
Open 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.

 

 

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