FNO smells short signal, Pain is not moving down. Judgment day

Time: 9:05 am   VIX: 15.33  SGX Nifty:  11327  FII: -1454 Cr    DII:   +7500 Cr

 

FNO Data Analysis

 

Index

Max Pain

PCR

Highest OI

PE

CE

Highest Increase in OI

PE

          CE

Nifty

11500

0.98

11400

11800

11100

11400

Banknifty

27000

1.08

27000

28000

26700

27000

 

 

 

 

 

              

Future position and Volume Analysis (Nifty & Banknifty stocks)

 

Long Build Up

Profit Booking

Short Build Up

Short Covering

High Delivery Volumes

NTPC

Bajaj Finance, Indusind, IOC, TCS, Hindalco, Grasim, Adani, ITC, Infratel

HDFC Bank, Kotak, Titan,    Axis, Tata Steel, IBHF, HPCL, Hero, HCL, ONGC

Hero, Bajaj Auto, Lupin, Coal India

HDFC Bank

 

 

 

 

 

 

Nifty (Over all FNO Position: Slightly bearish)

 

  • Global market is down and SGX nifty is flat.
  • FII is in sell mode
  • Highest PE is at 11400 and highest CE is at 11800.
  • PEs are added at 11100 and CEs are added at 11400
  • More number of CEs have been added PEs
  • MAX Pain is at 11500 (Came by 100 points)
  • PCR is bearish
  • Net future Position is short
  • Good to sell CE

 

Banknifty (Over all FNO Position: Slightly Bearish)

 

  • ICICI Bank is down and HDFC Bank is down in USA.
  • Highest PE is at 27000 and Highest CE is at 28000.
  • PEs are sold at 26700 and CEs are sold at 28000.
  • More number of CEs have been added than PEs
  • Max Pain is at 27000
  • PCR is Nuetral
  • Net future positions is in short
  • Time to sell CE.

 

Executed Trades

 

  • Done nothing

 

 

Trading Plan

 

  • Will do expiry trading

 

Open Positions

 

 

Had only 12000 ITM put calendar with 12000 CE sold

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 РActive 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.

 

 

3 comments found

Comments are closed.